Investors Grow Bolder Ahead of ECB Rate Decision

Strong cues from the United States and the prospect of a European Central Bank (ECB) rate cut led to early trading gains. The sustainability of this positive sentiment will depend on further interest rate expectations. Before the ECB’s key interest rate decision, the DAX rose by 0.6% to 18,686 points in early trading. Yesterday, the… Continue reading Investors Grow Bolder Ahead of ECB Rate Decision

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Elon Musk relocates SpaceX to Texas following Tesla salary package upheaval in Delaware

Elon Musk has made a significant business maneuver, relocating SpaceX’s state of incorporation from Delaware to Texas. This decision follows a recent court ruling in Delaware that invalidated Musk’s substantial compensation package at Tesla, another venture of the renowned entrepreneur. In a communication via X, formerly known as Twitter, Musk announced the relocation, urging other… Continue reading Elon Musk relocates SpaceX to Texas following Tesla salary package upheaval in Delaware

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UBS Predicts Gold Surge to $2,200 and Foresees Silver’s ‘Dramatic’ Outperformance in 2024

Gold and silver are anticipated to experience upward momentum in 2024, driven by UBS’s forecast that the U.S. Federal Reserve will initiate interest rate cuts. UBS’s precious metals strategist, Joni Teves, predicts that gold could reach $2,200 per ounce by the end of the year. The relationship between gold prices and interest rates is inversely… Continue reading UBS Predicts Gold Surge to $2,200 and Foresees Silver’s ‘Dramatic’ Outperformance in 2024

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Zuckerberg Set to Receive $700 Million Annually Through Meta’s Latest Dividend

Meta Platforms Inc.’s CEO, Mark Zuckerberg, is poised to receive an annual payout of approximately $700 million with the introduction of the social media giant’s first-ever dividend for investors. The announcement by Meta reveals a quarterly cash dividend of 50 cents per share for Class A and B common stock, scheduled to commence in March.… Continue reading Zuckerberg Set to Receive $700 Million Annually Through Meta’s Latest Dividend

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Walgreens Slashes Dividend to Fund Investments in Stores, Specialty Pharmacy

Walgreens Boots Alliance has disclosed plans to slash its dividend by 48% in a strategic move aimed at fortifying its financial standing and enabling investments in key operational facets, including store enhancements and specialty pharmacy. The drugstore giant reported a narrower quarterly loss for the first quarter ending November 30, 2023. The figures revealed a… Continue reading Walgreens Slashes Dividend to Fund Investments in Stores, Specialty Pharmacy

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