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☆ A Swiss town is home to a 5-star hotel that welcomes everyone from the ultrawealthy to royalty. Take a look inside.
▼ + stars: | 2024-07-31 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

The Grand Hotel Les Trois Rois in Basel, Switzerland, has a rich history of remarkable guests. For centuries, the hotel has catered to guests such as Queen Elizabeth II and the Rolling Stones. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs I eavesdropped on a conversation at the Grand Hotel Les Trois Rois, it felt almost too cliché. Perched on red velvet chairs and sipping top-shelf cocktails, a group of hotel guests discussed a friend's upcoming art show.

Persons: Queen Elizabeth II, — Organizations: Rois, Service, Grand, Business Locations: Basel, Switzerland, New York City

☆ Swiss SIX exchange says trading halted due to technical issues
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

Four Chinese companies raised about $1.5 billion in July by issuing shares on the Six Swiss Exchange via a new China stock connect program. Switzerland's stock exchange SIX said trading had been halted on Wednesday morning across all products until further notice due to technical problems. The Swiss stock exchange is home to companies including Nestle , Roche and UBS . "Market data and index data is not being disseminated at the moment and we are investigating the cause and trying to solve," a spokesperson at SIX told Reuters. "Trading was not affected, but we had to halt trading in Switzerland due to equal treatment of market participants."

Organizations: Six Swiss, Nestle, Roche, UBS, SIX, Reuters Locations: China, Swiss, Switzerland

☆ Dubai set to welcome even more millionaires as wealthy individuals abandon the UK
▼ + stars: | 2024-07-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +1 min

The United Arab Emirates is on track to be the world's top wealth magnet for the third year running, according to the Henley Private Wealth Migration Report. "There are push and pull factors for this trend of millionaires opting to relocate to Dubai," Karim Jetha, a longtime regional investor who relocated to the UAE from the U.K. during the pandemic, told CNBC. "Pull factors include Dubai's perception of being extremely safe and visa reforms that encourage migration." The UAE is set to see a record net inflow of 6,700 millionaires from around the world by the end of 2024, according to the Henley report, which was released in June. That's nearly double the second-ranked country on the list, the U.S., which is expected to welcome a net inflow of 3,800 millionaires in the same time frame.

Persons: –, Karim Jetha, Henley, That's Organizations: United, Henley, Wealth, UBS, Labour Party, CNBC, Labour Locations: United Arab Emirates, Swiss, Dubai, sandier, UAE, U.S

☆ The Hermès heir who planned to leave billions to his gardener now says his fortune is gone
▼ + stars: | 2024-07-30 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Hermès descendant Nicolas Puech planned to leave billions to his former gardener. Now he says his fortune is gone, alleging fraud by his former wealth manager. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNicolas Puech, a descendant of Hermès founder Thierry Hermès — who made headlines last year after he reportedly planned to leave half his fortune to his former gardener — is now claiming his billions have disappeared.

Persons: Nicolas Puech, —, Hermès, Thierry Hermès —, Eric Freymond Organizations: Bloomberg, Service, Business Locations: Gotham

☆ Swiss pharma giant Roche to accelerate Wegovy rival drugs after positive trial data
▼ + stars: | 2024-07-29 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Swiss pharmaceutical giant Roche said Monday it is accelerating the development of its Wegovy rival weight loss drugs following promising early stage trial data. However, in an FT interview published earlier Monday, CEO Thomas Schinecker indicated that the firm's first obesity drug could come to market "significantly faster than people are expecting," potentially by 2028. Both CT-388 and CT-996 were acquired as part of Roche's purchase of U.S. biotech company Carmot Therapeutics, which completed in January. The promising results could see Roche emerge as a potential rival to obesity drug pioneers Novo Nordisk and Eli Lilly. Schinecker told CNBC last week that he expects the company to eventually offer a suite of obesity medications.

Persons: Roche, Nordisk's Wegovy, Eli Lilly, Thomas Schinecker, Teresa Graham, Roche's, Schinecker Organizations: Nordisk's, CNBC, Roche Pharmaceuticals, Carmot Therapeutics, Novo Nordisk Locations: U.S

☆ Olympic athletes are roasting the Olympic Village accommodations on TikTok: 'The bed sucks'
▼ + stars: | 2024-07-29 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +7 min

Read previewSome young Olympic athletes are roasting the accommodations at the Olympic Village on TikTok, raising issues with the food, uncomfortable beds, lack of privacy, and limited shared spaces. 'The bed sucks'The Olympic Village was first established in 1924 to bring together thousands of world-class athletes under one roof. Rooms at the Olympic Village feature cardboard beds which were made as part of the organizers' sustainability efforts. Advertisement'Need a Chipotle bowl ASAP'The food at the Paris Olympic Village has also been the subject of athlete complaints. IOC President Thomas Bach tries food from a salad bar while touring the Olympic Village ahead of the start of the Paris 2024 Olympic Games.

Persons: —, Coco Gauff, Celia Dupre, Mike Egerton, Simone Biles, Katherine Holmes, Dupre, Laurent Michaud, " Dupre, Chari, Hawkins, I'm, Thomas Bach, David Goldman, I've, Lloyd Lee, lloydlee@businessinsider.com Organizations: Service, Olympic, Business, London Olympics, Rio, Paris, Getty Images, Washington Post, Associated Press, St, Olympic Games Locations: TikTok, Paris, Swiss, Tokyo, Kitts, Nevis, Caribbean

☆ These drugmakers are catching up to Eli Lilly and Novo Nordisk in weight loss treatments
▼ + stars: | 2024-07-28 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

With billions at stake, that's pretty much been a guarantee facing the current market leaders, Eli Lilly and Novo Nordisk , from the start. Their updates are likely to be joined by others in the coming months even as today's incumbents develop their own next-generation weight loss treatments. Other analysts have also grown more optimistic about the future of weight loss treatments. Orforglipron, a once-a-day oral GLP-1 drug that Lilly is working on, had shown a 3% weight loss at 4 weeks. The company is also exploring whether the weight loss treatment could be given only once a month.

Persons: Eli Lilly, drugmakers Roche, Lilly, Denmark's, Trung Huynh, Huynh, Rajesh Kumar, Kumar, Novo, Roche, Roche ADRs, Justin Zelin, Zelin, Viking's, HSBC's Kumar, Novo aren't, —, Nick Wells Organizations: Novo Nordisk, Viking Therapeutics, UBS, HSBC Global Research, Carmot Therapeutics, Food and Drug Administration, Viking, European Association for, Diabetes, Pfizer, Amgen, Therapeutics Locations: Swiss, Novo, San Antonio, Spain

☆ A Costco gold collector has bought more than $100,000 of coins this year — mostly for flipping
▼ + stars: | 2024-07-28 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

The real kicker, however, is the company's 2% rewards offer for Executive members, plus an another 2% reward for holders of the Costco credit card. One Costco member told Business Insider says he uses these percentage-point differences to make up to $500 per week buying coins and flipping them to online dealers and to local shops. "For me, gold is gold," he said, "but there's always more demand for Mint." Driving through Texas one day he stopped into a Costco warehouse that happened to have US gold buffalo coins in stock. AdvertisementIn just the past six months, the member has bought more than $110,000 worth of gold, according to credit card transactions reviewed with BI.

Persons: —, it's, there's, he's Organizations: Service, Business, Costco, BI, US, Mint Locations: Swiss, Texas

☆ FIFA hinders Canada’s chances for an Olympic women’s soccer repeat with punishments for drone spying
▼ + stars: | 2024-07-27 | by ( Meg Linehan | ) www.nytimes.com time to read: +5 min

FIFA also noted that the decision was made — very quickly — because of its impact on the outcome of the ongoing Olympic tournament. With the limited size of the Olympic tournament at 12 teams, eight must advance — which means the top two third-place teams make it to the quarterfinals. GO DEEPER Canada Olympic spying scandal: The unanswered questions and possible punishmentsCanada Soccer had hoped to avoid any direct repercussions for the team in France. After staff members for the New Zealand team reported a drone flying above their practice in Saint-Étienne on July 22, they notified local police. Canada Soccer attempted to head off any further punishment by sending Lombardi and Mander (the assistant coach he reported to) back home.

Persons: Bev Priestman, Joseph Lombardi, Jasmine Mander, Kevin Blue, ”, Étienne, Lombardi, Canada’s, Mander, Priestman, Blue, Vaughn Ridley Organizations: FIFA, Canada, Games, Canada Soccer, Olympic, New Zealand, France, Olympics, International Olympic, Ferns, Sport ., Paris Games, Copa America, Getty Locations: Canada, Tokyo, New Zealand, Sport . Canada, France, Colombia, Saint, Canada’s

☆ Novo Nordisk's Wegovy wins EU backing for reducing heart risks
▼ + stars: | 2024-07-26 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Novo Nordisk's blockbuster Wegovy weight loss drug has received backing from the European Union's medical regulator to expand the medicine's use to include reducing the rise of serious heart events in overweight and obese adults. "The SELECT data demonstrated that in addition to helping people manage their weight, Wegovy has the potential to protect lives by reducing the risks of major adverse cardiovascular events." Novo Nordisk said it expects to implement the label update within a month. The company's CEO Thomas Schinecker welcomed positive early stage trial results from the firm's two weight loss drug candidates as showing "best in disease potential."

Persons: Wegovy, —, Martin Holst Lange, Roche, Thomas Schinecker Organizations: Novo Nordisk, Novo, European Medical Agency, U.S . Food, Drug Administration Locations: Danish, U.S, Swiss

☆ This JPMorgan ETF has beaten the S&P 500 five years in a row. Here’s how
▼ + stars: | 2024-07-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

However, one exchange-traded fund (ETF) has done just that, beating the S & P 500 index for five consecutive years. The JPMorgan US Research Enhanced Index Equity ETF has beaten the benchmark every year since 2019 and is also outperforming in 2024. However, it wasn't until 2018 that JPMorgan decided to marry this time-tested strategy with the increasingly popular ETF structure. For instance, JPMorgan's ETF is overweight Microsoft shares by 45 basis points compared to the weighting for the stock in the iShares Core S & P 500 ETF. This extensive coverage forms the backbone of the REI strategy, according to Grassi.

Persons: Piera Elisa Grassi, Raffaele Zingone, Grassi, REI, Berkshire, we've Organizations: JPMorgan US, Equity, London Stock Exchange, Borsa Italiana, Deutsche Borse, Six Swiss Exchange, JPMorgan Asset Management, JPMorgan, JPMorgan Global, Vanguard, Berkshire Hathaway, GE Aerospace, Asset Management, CNBC Locations: United States, U.S, Grassi, iShares

☆ After my first long-distance relationship failed, I vowed never to do it again. Then I met another foreign guy online.
▼ + stars: | 2024-07-25 | by ( Dena Roché | ) www.businessinsider.com time to read: +5 min

However, this guy reaching out was from Switzerland, a country I swore I would never set foot in again. On assignment as a travel journalist, I met a man while covering a story in Switzerland in 2017. What I thought would be a fun week turned into a three-year international long-distance relationship. You can't date long-distance forever. When the relationship ended, I vowed never to date internationally again and had no plans to return to Switzerland.

Persons: —, It's, Dena Roché, We've Organizations: Service, Business Locations: Switzerland, Rome, London, Havana, Paris, Zurich, Phoenix, Arizona, France, France's, Swiss

☆ Europe stocks set to open lower amid global downturn; earning season ramps up
▼ + stars: | 2024-07-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

The Unilever headquarter building seen by the Nieuwe Maas river in Rotterdam. LONDON — European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a selloff on Wall Street in focus. The U.K.'s FTSE 100 was last seen opening 19 points lower at 8,132 points, according to IG data, with Germany's DAX and France's CAC 40 down by 80 points and 45 points, respectively. The pan-European Stoxx 600 index closed 0.6% lower on Wednesday as second-quarter earnings season ramped up. Data will be released on German consumer confidence and euro zone and U.K. business activity, ahead of next week's euro zone gross domestic product second-quarter print.

Persons: Germany's DAX, carmakers Stellantis, Roche Organizations: Unilever, LONDON, CAC, MIB, Nestle, carmakers, Renault, Nasdaq, Deutsche Bank, Nikkei, U.S, Reuters, Bank of Locations: Rotterdam, Swiss, U.S, Asia, Pacific, Bank of Japan

CNN —This year’s Olympics in Paris will be Andy Murray’s fifth – and final – appearance at the Games. Murray says he has played “some of my best tennis when I’ve competed for my country,” he tells CNN’s Christiane Amanpour. I’ve really enjoyed the whole team. And I’ve really enjoyed that,” he adds. I’m really happy about it.

Persons: Andy Murray’s, Murray –, Roland Garros, Dan Evans, Murray, I’ve, CNN’s Christiane Amanpour, “, Murray doesn’t, Spain’s Rafael Nadal, Carlos Alcaraz, they’re, They’ve, Amanpour, ”, I’m, …, it’s, Roger Federer, Argentina’s Juan Martín del, CNN’s Amanpour, Amélie Mauresmo, –, I’d, she’s, It’s, what’s Organizations: CNN, Olympics, Wimbledon, Scotsman, Team, London, “ Locations: Paris, Swiss, Rio, Argentina’s Juan Martín del Potro

☆ Wegovy rival to be part of a suite of weight loss drugs, Roche CEO says following positive trial results
▼ + stars: | 2024-07-25 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Roche said Thursday that its Wegovy rival weight loss drugs will be part of a suite of medicines aimed at combatting the effects of obesity. CEO Thomas Schinecker welcomed positive early stage trial results from the firm's two weight loss drug candidates as showing "best in disease potential." "We do believe we have two next generation GLP-1/GIPs that have a best in disease potential," he said of the obesity drugs. GLP-1s, or glucagon-like peptide 1 agonists, are a group of drugs used to treat diabetes and obesity. They form the basis of weight loss drugs such as Novo Nordisk's Wegovy and Eli Lilly's Zepbound.

Persons: Roche, Thomas Schinecker, Schinecker, CNBC's, Nordisk's Wegovy, Eli Lilly's Zepbound Organizations: Nordisk's

☆ AI turned Big Tech stocks around. But a huge sell-off shows investors are wary of the insane spending.
▼ + stars: | 2024-07-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Big Tech appears to be tipping into troubled territory again. Read previewIn 2022, US tech companies grappled with falling demand after aggressive expansions during the pandemic, prompting a rout in tech stocks. This concentration makes the effect of any major decline in Big Tech stocks even more pronounced. All eyes on the rest of Big TechOther Big Tech companies, including Amazon, Apple, Microsoft, and Meta, report quarterly earnings next week. As for Big Tech, it appears to be a case of being safe rather than being sorry — because they can afford to.

Persons: —, Michael Strobaek, Lombard Odier, Strobaek, Katherine Tangalakis, Jim Reid, Reid, Anthropic, Lombard Odier's Strobaek, Sundar Pichai Organizations: Tech, Service, Nasdaq, Business, Lombard, Big, Bloomberg, Google, Big Tech, Apple, Microsoft, Meta, Deutsche Bank, Amazon Locations: Swiss, Big Tech

Neumann noted the latest Europol data showed “the number of attacks and planned attacks has more than quadrupled” since 2022. The apparent uptick in the recruitment of young radicals to carry out acts of terror comes as European security officials express worries at a potential resurgence of organized – or “directed” - terror attacks. The group has built a remarkable presence in Turkey over the past three years, according to court documents and analysts. Swiss police in March arrested a 15-year-old Swiss boy and a 16-year-old Italian boy for ISIS support and plotting bomb attacks, according to a police statement. Yulia Morozova/ReutersThe extent of ISIS-K’s use of Turkey as a transit hub is acknowledged by officials in the Turkish indictment.

Persons: Peter Neumann, Neumann, ”, ” Neumann, “, Lise Jaulin, Dilara Senkaya, “ Rustam, Rustam, Yulia Morozova Organizations: CNN, ISIS, Paris Olympics, King’s College London, MIT, Swiss, Analysts, Soviet Union, Turkish, Italian Santa Maria Catholic Church, Foreign Operations, Hall, Foreign Locations: Europe, West, Paris, Islamic, Khorasan, Central Asia, Turkey, Saint, French, France, Haute, Savoie, Dusseldorf, Heidelberg, Montenegro, Austria, Afghanistan, Tajikistan, Moscow, Italian, Istanbul, Swedish, Pakistan, Tajik, Iran, Russia, Crocus, Syria, Iraq

☆ $1 million hypothetical portfolios: How kids from wealthy families at an elite Swiss school learn about money
▼ + stars: | 2024-07-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

Research shows taking a financial education class in high school does pay off. "Let's not leave financial education to TikTok," she said. Let's not leave financial education to TikTok. Yanely Espinal director of educational outreach at Next GenMany studies also show there is a strong connection between financial literacy and financial well-being. In addition, a study by the Brookings Institution in 2018 found that teenage financial literacy is positively correlated with asset accumulation and net worth by age 25.

Persons: dem Rosenberg, dem Rosenberg Bernhard Gademann, It's, Gademann, Tim Ranzetta, Yanely Espinal, Espinal, Let's, Yanely, Christiana Stoddard, Carly Urban Organizations: dem, Finance, Research, Tyton Partners, CNBC, Financial Wellness, National Endowment, Financial Education, Financial, Investor Education Foundation, Brookings Institution Locations: St . Gallen, Switzerland

☆ Lakera, a Swiss cybersecurity for generative AI startup, just raised $20 million using this 10-slide pitch deck
▼ + stars: | 2024-07-24 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Lakera, a Swiss cybersecurity startup, has raised $20 million in funding. Its AI platform, Gandalf, helps companies like Microsoft manage security risks generated by AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLakera, a Swiss cybersecurity startup designed for generative AI, has raised $20 million in funding. Lakera's AI platform, Gandalf, is used by companies like Microsoft to help assess and manage prospective security risks generated by AI.

Persons: — Organizations: Microsoft, Service, Business Locations: Swiss, Zurich, San Francisco

☆ Porsche shares fall 5% after automaker cuts 2024 outlook on aluminium alloy shortage
▼ + stars: | 2024-07-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Shares in automaker Porsche fell on Tuesday after the company cut its 2024 outlook, saying various suppliers were affected by a shortage of special aluminium alloys. Holding company Porsche SE was last down over 3%. Porsche said that a series of its suppliers were impacted by a "significant supply shortage with regard to special aluminium alloys." The shortage is linked to flooding in a production facility of a key European aluminium supplier, Porsche explained. "Despite immediate countermeasures, it is becoming apparent that the impending supply shortage will lead to impairments in production," Porsche said.

Persons: Porsche Organizations: Volkswagen, Porsche, UBS Locations: Stuttgart, Swiss, Zrich, Switzerland, London

☆ Givaudan seeing 'good continuous momentum' of growth, CEO says
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGivaudan seeing 'good continuous momentum' of growth, CEO saysGilles Andrier, CEO of Givaudan, talks through the Swiss firm's latest earnings.

Persons: Gilles Andrier Organizations: Givaudan, Swiss

☆ Opinion: Why you should pay attention to the role of race in sport during this summer’s Olympics
▼ + stars: | 2024-07-23 | by ( Opinion Keith Magee | ) edition.cnn.com time to read: +9 min

CNN —For many nations — not least the US — the upcoming Paris Olympics will take place against a background of deep political and social division. If you saw any of the European Athletics Championships events last month, you may well have been struck, as I was, by just how many Black athletes featured on podiums. At the Summer Olympics, the USA team will also feature numerous Black athletes, including gymnast Simone Biles, sprinter Sha’Carri Richardson and the (current) fastest man on earth, Noah Lyles. As you watch the Olympics this summer, take note of the sports in which Black people represent the USA and European countries. So no, Black athletes are not naturally better at some sports — they take the narrower opportunities open to them and work incredibly hard on their self-belief to make it to that podium.

Persons: Keith Magee, Keith Magee Arron Dunworth Terry Shoemaker, Emmanuel Karalis, Malaika Mihambo, Nikolas Liepins, Simone Biles, Sha’Carri Richardson, Noah Lyles, Mujinga Kambundji, Italy's Zaynab, Ewa Swoboda, Artur Widak, Zaynab Dosso, Ana Peleteiro, Owen Ansah, Paola Egonu, Le, Aya Nakamura, Edith Piaf, disheartening misogynoir, Lewis Hamilton, Tiger Woods, Venus Williams, you’ll, —, laud Organizations: University College London Institute for Innovation, Newcastle University Law School, CNN, Arizona State University, European Athletics, women's U.S, Getty, Summer, USA, Trump, European Union Agency for Fundamental Rights, Paris Olympics, Franco, United Nations, Serena Locations: Swiss, women's, Anadolu, Europe, Italy, Poland, Paris, France, Spanish, Italian, Nigerian, Malian

☆ Trump wants a weaker dollar, but analysts say his policy direction points to just the opposite
▼ + stars: | 2024-07-23 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Republican presidential nominee Donald Trump has said he wants a weaker dollar to boost US exports. Economists and analysts say a weak dollar policy would be costly and politically difficult to implement. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRepublican presidential nominee Donald Trump has made it clear he would like a weaker dollar to make American exports more competitive. But economists and analysts are flagging challenges to making the greenback weaker — especially if Trump wins a second term.

Persons: Donald Trump, —, Michael Strobaek, Lombard Odier Organizations: Service, Trump, Lombard, Business Locations: America, Swiss

☆ Andy Murray confirms he will retire after the Paris Olympics
▼ + stars: | 2024-07-23 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

Murray was unable to play in the singles competition in the final Wimbledon tournament of his career earlier this month after undergoing surgery on a spinal cyst, but got an emotional farewell playing doubles with his brother Jamie on Centre Court. “Arrived in Paris for my last ever tennis tournament. Murray won the first Olympic gold of his career at London 2012 after beating Roger Federer in straight sets just weeks after a heartbreaking defeat to the Swiss in the Wimbledon final. Murray then defended his Olympic title four years later in Rio, defeating Juan Martín del Potro in the final. Murray won his first Olympic gold at London 2012.

Persons: Andy Murray, Murray, Jamie, “, ”, Roger Federer, Juan Martín del, Leon Neal, Judy Organizations: CNN, Paris, Wimbledon, Court, Team GB, Twitter, London, Swiss, Getty Locations: Paris, Rio, Juan Martín del Potro, AFP

☆ Avoid the 'Magnificent 7' and buy these lesser-known stocks instead, wealth manager says
▼ + stars: | 2024-07-23 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

The so-called "Magnificent Seven" were among the hottest stocks last year, but one wealth manager says they are "wildly overvalued" and has his sights elsewhere. The Magnificent Seven comprises Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla , which continue to be in the spotlight thanks to the buzz around artificial intelligence. Other global stocks Global stocks Dennison is betting on include Fresenius Medical Care , a German health-care company, and Kazatomprom, a Kazakhstan-headquartered producer of uranium. "It is a top position in many pension portfolios and has become a value stock because of the strong Swiss Franc," he said. Value stocks are often cheaper than so-called growth stocks and typically trade at a lower price than what the company's performance indicates.

Persons: Tariq Dennison, Dennison, he's, Russell, Chow, Fook, Tencent, Goldman Sachs, Kazatomprom Organizations: GFM Asset Management, CNBC Pro, Apple, Microsoft, Nvidia, Tesla, Nasdaq, Value, Avantis U.S, Abercrombie, Fitch, Cadence Bank, Commercial Metals, KB, Jackson Financial, Warrior, MTR Corp, Global, Dennison, Fresenius, London Stock Exchanges, U.S, Nestle, Six Swiss Exchange Locations: U.S, China, Hong Kong, Kazakhstan, Swiss

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