Julius Baer Gruppe Reports Increased Earnings in First Half of 2023 Julius Baer Gruppe has announced higher earnings for the first half of 2023, thanks to rising interest rates. The Swiss private banking group revealed that net profit for the period grew by 18% compared to the previous year, reaching 531 million Swiss francs ($614.2 million). Operating income stood at CHF2.03 … [Read more...] about Julius Baer Gruppe Reports Increased Earnings in First Half of 2023
Kodiak Sciences Ends Development of Lead Investigational Medicine
Shares of Kodiak Sciences plunged by over 50% in premarket trading on Monday as the biopharmaceutical company announced the termination of its lead investigational medicine, tarcocimab tedromer. This decision comes after the failure of two Phase 3 studies focusing on the treatment of diabetic macular edema. Disappointing Results in Phase 3 Studies Kodiak Sciences, headquartered … [Read more...] about Kodiak Sciences Ends Development of Lead Investigational Medicine
Google’s Dominance in Digital Advertising
Despite initial concerns about the threat posed by OpenAI's ChatGPT, Google has managed to maintain its dominance in the digital advertising market. Analysts believe that Google is well-prepared to compete against OpenAI, especially with the support of its major investor, Microsoft. Deutsche Bank analyst Benjamin Black notes that Google's incorporation of artificial … [Read more...] about Google’s Dominance in Digital Advertising
US Stocks Extend Winning Streak with Dow’s Longest Run in Six Years
The U.S. stock market closed on a positive note, as the Dow Jones Industrial Average (DJIA) achieved its longest winning streak in over six years, as reported by Dow Jones Market Data. The DJIA recorded a gain of approximately 184 points, or 0.5%, concluding near 35,411, according to preliminary FactSet data. This impressive run of 11 consecutive sessions of gains marks the … [Read more...] about US Stocks Extend Winning Streak with Dow’s Longest Run in Six Years
The Reckoning for Commercial Real Estate
Big-time landlords are facing a reckoning as they begin to surrender struggling properties to lenders. This marks a significant shift from just a few years ago when these properties were fetching sky-high values amid super-low interest rates. This surrendering of properties is considered by many to be the start of a major test of confidence for the estimated $20.7 trillion … [Read more...] about The Reckoning for Commercial Real Estate
