Category: Takes
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Analysis-UniCredit’s Orcel takes aim at Europe’s banking borders with Commerzbank bet By Reuters
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By John O’Donnell FRANKFURT (Reuters) – For decades, Andrea Orcel has been the “rainmaker” to whom chief executives turned for advice on the big deals that reshaped the banking landscape. Now, as CEO of UniCredit, the Italian has set himself his biggest test yet — breaking Europe’s deep-rooted political resistance…
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Asda co-owner Mohsin Issa steps back as Lord Rose takes temporary charge
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Asda co-owner Mohsen Issa is stepping down from his role in the day-to-day running of the UK’s third-largest supermarket, despite the fact that a permanent chief executive has yet to be appointed. The move allows Issa to focus on his role as CEO of EG Group, which operates petrol stations…
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Bentley boss takes charge to steer Aston Martin through electric revolution
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Choosing between two of the world’s leading supercar brands might seem like an enviable dilemma, but for Adrian Hallmark, who made the switch from Bentley to Aston Martin Lagonda, the decision is fraught with peril. Hallmark, 61, becomes Aston Martin’s fourth chief executive in two years, taking the reins at…
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Implications for ASML as the Dutch government takes a tougher stance on China By Investing.com
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The Dutch government has reportedly imposed new restrictions on ASML’s (AS:) ability to maintain and supply spare parts for its advanced deep ultraviolet (DUV) equipment in China. However, analysts from JPMorgan and Wells Fargo suggest the impact on ASML’s overall earnings could be limited. The Dutch government is preparing to…
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Implications for ASML as the Dutch government takes a tougher stance on China By Investing.com
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The Dutch government has reportedly imposed new restrictions on ASML’s (AS:) ability to maintain and supply spare parts for its advanced deep ultraviolet (DUV) equipment in China. However, analysts from JPMorgan and Wells Fargo suggest the impact on ASML’s overall earnings could be limited. The Dutch government is preparing to…
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Ulta Beauty reports disappointing earnings after Warren Buffett’s Berkshire Hathaway takes stake
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Ulta Beauty’s (ULTA) glow-up period may have come to an end. The cosmetics retailer reported second-quarter results Thursday after the market closed that missed expectations across the board. Revenue came in at $2.55 billion, compared with an expected $2.62 billion. Earnings per share of $5.30 also fell short of the…
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Bitwise Takes Over ETC Group – Home To Europe’s Largest Bitcoin Fund
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In a strategic move to expand its presence in Europe and the broader crypto industry, asset management and exchange-traded fund (ETF) firm Bitwise Investment has struck a deal to acquire ETC Group, a major Cryptocurrency source Headquartered in London. Bitwise Doubles Down on Institutional Bitcoin Efforts While the specific terms…
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BlackRock Takes The Crypto ETF Throne, Surpasses Grayscale With The Largest Holdings
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According to the latest data, BlackRock, the world’s largest asset manager, has added another feather to its cap, becoming the company with the largest holdings of cryptocurrency exchange-traded funds (ETFs). Here’s How BlackRock’s ETFs Compare to Grayscale’s Arkham Encrypted Intelligence Platform open In a post on X, BlackRock acquired Grayscale…
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BlackRock Takes The Crypto ETF Throne, Surpasses Grayscale With The Largest Holdings
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According to the latest data, BlackRock, the world’s largest asset manager, has added another feather to its cap, becoming the company with the largest holdings of cryptocurrency exchange-traded funds (ETFs). Here’s How BlackRock’s ETFs Compare to Grayscale’s Arkham Encrypted Intelligence Platform open In a post on X, BlackRock acquired Grayscale…
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Is Ethereum Poised for Inflation? Supply Reaches New High as Staking Takes Off
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While Ethereum has not been completely consistent in its upward trajectory over the past few weeks, its circulating supply has done the opposite. According to Data From Ultrasoundmoney, the circulating supply of ETH has increased to over 120.72 million ETH as of today. While this increase in supply is not…
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Is Ethereum Poised for Inflation? Supply Reaches New High as Staking Takes Off
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While Ethereum has not been completely consistent in its upward trajectory over the past few weeks, its circulating supply has done the opposite. According to Data From Ultrasoundmoney, the circulating supply of ETH has increased to over 120.72 million ETH as of today. While this increase in supply is not…
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Daily FX Market Review: PPI Data Comes In Soft, Dollar Takes A Hard Dump! ?
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Today, in the United States, the Producer Price Index (PPI) was released and showed an increase of 0.1% In July, which was less than the expected rate of 0.2%. Excluding food and energy, the core PPI remained levelThe core producer price index showed a sharp decline on an annual basis…
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China test-flies biggest cargo drone as low-altitude economy takes off By Reuters
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Written by Ryan Wu BEIJING (Reuters) – China has launched the largest cargo drone yet designed for civilian use, as the world’s biggest drone maker ramps up test flights of autonomous aerial vehicles that could eventually carry everything from takeaway meals to people. The two-tonne, twin-engine aircraft took off on…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Paramount reports first quarter of streaming profits, plans 15% layoff and takes $6 billion charge on cable business
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Paramount Global (PARA) on Thursday reported a profit in its streaming division for the first time while its linear TV business posted a sharper-than-expected slowdown as the company took a nearly $6 billion loss in the value of its cable business. In a conference call, the company also announced plans…
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Inside Mbadi’s in-tray as he takes over at National Treasury
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As new Treasury Secretary John Mbadi took office hours after being sworn in at State House in Nairobi, focus has shifted to a series of promises he made during his vetting process. Among the pledges Mr Mbadi made when he confirmed his approval of the loan last Saturday were promises…
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TrumpCoin (DJT) Takes A 90% Nosedive Amid Crypto Crash
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The cryptocurrency market has been in turmoil, with major digital assets seeing significant price drops in cryptocurrencies in recent months. One particularly noteworthy case is the sharp drop in the value of TrumpCoin (DJT), a cryptocurrency associated with former US President Donald Trump. As cryptocurrencies continue to collapse, DJT has…
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Gold takes a quick dive, erasing today’s gains
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The problem with gold is that it’s a good asset to hold when things are a little bit bad in the markets. But when things get really bad, it gets sucked into the financial maelstrom. That’s what happened at the start of Covid and that’s what’s happening now (to a…
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Njuguna Ndung’u takes a breather after tough run at Treasury
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For Njuguna Ndung’u, his dismissal along with 21 other cabinet ministers two weeks ago marked the end of one of his most difficult tenures as national treasurer. Professor Ndung’u, a quiet economist, took over as Treasury Minister when the country was facing one of its worst dollar shortages, and as…
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This 11.5%-Yielding Dividend Stock Takes Another Small Step Toward a Stronger Future
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Medical Property Fund (NYSE: MPW) The real estate investment company expanded dramatically when interest rates were low. The real estate investment company took on a large amount of debt to build one of the largest hospital real estate portfolios in the world. This rapid growth allowed the real estate investment…