Albert Rüetschi, a lawyer from Aargau, is pressuring the state government to reverse a decision that transferred AHV assets to a Munich-based subsidiary of US State Street, previously managed by UBS. He argues that this move jeopardizes the safety of Swiss pension assets from US access and demands accountability from the AHV leadership.
read moreAlbert
0 posts last weekUS Stock Market Dominance: A Continued Path to Wealth
US equities have significantly outperformed global markets, with investors seeing substantial returns. A $10,000 investment in the US stock market at the end of 2000 has grown to $27,000, while the same amount invested outside the US would only be worth $16,000. The outlook suggests that this boom may continue.
read moreStock Market Update Pfizer ExxonMobil Hurricane Milton and Arcadium Lithium News
Pfizer shares rose 3% in premarket trading after activist investor Starboard Value acquired a roughly $1 billion stake, amid concerns over CEO Albert Bourla’s leadership. ExxonMobil’s stock climbed further as oil prices surged, while Arcadium Lithium soared 30% on a takeover approach from Rio Tinto. Florida braces for Hurricane Milton, projected to make landfall as a Category 3 storm, and BP is reportedly abandoning its target to cut oil and gas output by 2030, focusing instead on short-term returns.
read moreTrendy Cafés in Zurich for Coffee Lovers and Connoisseurs
Zurich boasts a vibrant café scene where coffee is celebrated as a sensory experience. Notable spots include Vicafé, known for its sustainable practices and personal producer relationships; Café Bar Odeon, a historic meeting place; and Mame, offering a diverse range of specialty coffees. Other highlights include Manuel’s with its Italian espresso focus, Babu’s Bakery with traditional Brazilian coffee, and Café Noir, a cozy roastery with a rich history.
read moreTech Stock Valuations Signal Potential Market Correction
The stock market is showing warning signs of a potential end to the tech stock frenzy, with the tech sector’s valuations being described as an overstretched “timebomb” by a prominent analyst. Concerns are raised about the high portion of tech stocks in the S&P 500, lofty expectations for tech earnings, and a potential decline in EPS optimism. Some on Wall Street are expressing worries about the overvaluation of the tech sector and the possibility of a correction.
read moreLonza Reports 7.9% Revenue Growth in 2023, Moderna Contract Ends
Lonza’s revenue increased by 7.9% to 6.72 billion Swiss francs in 2023, with a 10.9% increase in constant currency. The company faced a decline in demand from biotech startups and consumers, resulting in a minimal growth in adjusted operating profit. Despite this, Lonza plans to maintain a high 20% operating profit margin in 2024 and aims for 11-13% growth in the following years, targeting a margin of 32-34%. Additionally, there will be a change in the leadership of the Board of Directors, with Jean-Marc Huet proposed as the successor to the current President, Albert Baehni.
read more