While Nestlé shares fell slightly from daily highs, they were still positive at the end of the trading session.
Traders report speculation that the Vevey food company may use the half-year results release to lower the bottom line for organic sales growth this year. The inclusion of the papers in the “Most Preferred List” by Kepler Cheuvreux for European consumer goods manufacturers is proving to be trend-enhancing, it goes on to say.
At the closing bell Nestlé name gained 1.14 percent to 74.68 francs. The daily highs are even at 74.78 francs. By contrast, the market as a whole (SMI) recovered by just over 1 percent after the setback of the previous day.
Continue reading “Nestlé shares higher due to speculation surrounding an increase in growth targets”
The Starbucks chain of caterers is increasingly under pressure due to intensified competition.
The performance was recently “unacceptable,” said chief executive Kevin Johnson in the night on Wednesday. “We need to move faster” to meet the ever-changing customer preferences and needs.
Starbucks expects revenue growth of one percent on a comparable basis for the third quarter, with analysts expecting significantly more. On the stock market, this leads to investors fleeing the papers: The Starbucks share is around 9 percent lower.
Continue reading “Starbucks share lower: growth expectations muted”
The US entertainment group Disney has added in the bidding race for the majority of the assets of 21st Century Fox.
Not only does Disney offer a higher price under a new agreement with Fox, it also adds a cash component to its offer.
Disney now wants to pay $ 38 per share, $ 10 more than the December agreement. Fox shareholders can now choose to receive the equivalent in shares or in cash.
Fox said the Disney deal was “superior” to that of Comcast . The US cable operator submitted a $ 35 per share counter offer last week, valuing Fox assets at $ 65 billion. This, however, Fox has rejected.
Continue reading “Disney improves offer for 21st Century Fox”
The billions in the diesel affair against the VW Group has been received in the Lower Saxony state treasury.
This said Prime Minister Stephan Weil (SPD) on Wednesday in the state parliament in Hanover. The prosecutor Braunschweig had imposed in the past week, a billion euros fine against the group for breach of duty in the exhaust gas scandal.
“By the way: Justice Minister Havliza told me earlier that the money was received on 18 June.”
Continue reading “VW pays fine – ‘biggest loss of economic history’”
After setting up numerous start-ups from fashion to food delivery, Rocket Internet is targeting other business areas.
“We are now looking for fintechs, software, artificial intelligence, Proptechs,” chief executive Oliver Samwer outlined the goals on Friday. Gross, the start-up factory has therefore 2.6 billion euros in the box office to start up or develop companies. Proptechs provide technology for the real estate industry (Property Technology), Fintech’s financial services.
Samwer also announced at the annual general meeting in Berlin, after the strong growth of the cooking box supplier Hello Fresh in the US to take the US market further into focus. “We will continue to launch companies that will be number one in the US.” Shareholder representatives criticized the fact that the share price of the MDax company Rocket Internet SE is still well below the issue price, and demanded that Samwer formulate the goals more precisely.
Google has promised after fierce internal debates not to provide artificial intelligence for weapons systems.
At the same time, others will continue to work with the military and governments, the Internet company said Thursday. Over the past few months, the company has received massive criticism of its cooperation with a US Department of Defense drone project. It used “tensorflow” chips from alphabet- daughter Google for machine learning to detect objects by aircraft cameras.
A number of Google employees criticized this, although it was emphasized that it was about the evaluation of surveillance images and not attacks. There were internal petitions to get out of the “Project Maven”, several employees filed their notice according to media reports in protest. Google has announced that the project will expire in 2019.
Continue reading “Google does not want to provide artificial intelligence for weapons”
Before the weekend, a growing risk aversion of investors helped the crisis protection to a stable week end.
At the weekend, an important meeting of the seven largest economies takes place in Canada. In the run-up to the event, the hope for progress in the dispute over international trade relations is obviously limited. However, capital flight from emerging economies such as Brazil is also currently presenting itself as a significant problem.
With a renewed increase in interest rates expected next week in the USA , this is more likely to be a source of unrest than relaxation. In such an environment, investors seem to be reducing their risk somewhat before the weekend.
On Friday afternoon, the gold price presented itselfwith held quotations. Until around 2.30pm (CEST), the most actively traded futures contracted for gold (August) by $ 0.60 to $ 1,302.40 per troy ounce.
Crude oil: offer of OPEC in descent
Continue reading “Gold: Stable farewell to the weekend”
According to US accident investigators, Tesla’s autopilot assistance system has accelerated in the last few seconds in the direction of a concrete bollard during a fatal accident in March.
Prior to the crash, no braking or evasive maneuvers were found on the Type X electric SUV, the US agency said in a preliminary report to NTSB.
The experts, who are also involved in aircraft accidents, published the first detailed information on the accident from the evaluation of vehicle data.
Thus, the Tesla eight seconds before impact followed another car at a speed of 65 miles per hour (almost 105 km / h). Seven seconds before the crash, the Tesla and the front car began to move to the left.
Continue reading “Accident Investigator: Autopilot Accelerated Tesla from Deadly Crash”
According to creator Nicholas Merten, the Bitcoin is expected to launch a price explosion later this year, citing four reasons why the “crypto-gold” will multiply its value and reach the $ 50,000 mark.
In 2017, the Bitcoin already experienced a veritable hype among private investors. Within a few months, its value was pushed from record to record – until the $ 20,000 mark was exceeded in December, followed by a rapid fall in prices. If it comes to YouTube star Nicholas Merten, the Bitcoin will soon outnumber this record by more than double. The Bitcoin is currently at about 7,600 US dollars, according to “CoinMarketCap”.
In his YouTube channel “DataDash” Nicholas Merten deals among other things with cryptocurrencies. The entrepreneur and crypto-investor, with close to 300,000 subscribers, recently announced via Twitter and YouTube his prediction that the Bitcoin will reach $ 50,000 per digital coin this year. His reasons seem to speak less for the Bitcoin, but rather against the classic financial world. Even from his own community, the influential creator reaps criticism for his assumptions, as some of the comments in his videos show.
Four reasons for the rapid increase in value
Continue reading “The Bitcoin will be worth $ 50,000, according to a YouTube star”
Star investor George Soros is worried and is now predicting the next big financial crisis. The current situation in Italy, a possible “Italexit” and EU punitive tariffs are causing concern for investors.
For Soros, there are many unresolved issues, a sharp rise in the dollar and capital flight from emerging markets, just a few reasons for a financial crisis. He warned the European Union in his speech on Tuesday of the imminent threat. According to him, the EU is already in an “existential crisis”.
Why the EU is in crisis?
Continue reading “The next big financial crisis is brewing according to George Soros”