Why ON Semiconductor is a strong buy despite recent market challenges
ON Semiconductor, the $31 billion chip manufacturer based in Scottsdale, Arizona, has faced significant challenges lately. Despite the broader market momentum, with the S&P 500 index climbing 29% from July 2023, ON Semi’s stock has plummeted 31%, reaching $72 from
Berry Bros & Rudd families warn inheritance tax changes threaten legacy of historic wine business
The Berry and Rudd families, owners of the esteemed London wine merchant Berry Bros & Rudd, have raised concerns over recent inheritance tax reforms that could threaten the future of their 376-year-old business. The Labour government’s proposed 50% reduction in business
Nissan to cut 9,000 jobs, slash profit forecast by 70% amid tough market conditions
Japan’s Nissan Motor has announced a series of aggressive cost-cutting measures, including laying off 9,000 employees and reducing its global production capacity by 20%. This marks the second time this year that the automaker has revised its profit outlook downwards
Bank of England cuts rates to 4.75% as inflation cools and economic pressures ease
The Bank of England has cut interest rates by 25 basis points to 4.75%, marking its second reduction this year as inflationary pressures begin to ease and economic data signals a cooling in wage growth. The nine-member Monetary Policy Committee (MPC)