The S&P 500 hitting its 35th record high this year shows the market is well-prepared to handle any uncertainties that may arise from the US presidential campaign, according to the CEO of leading independent financial advisory and fintech. “Despite this remarkable performance, the looming uncertainty surrounding the US presidential campaign could lead to a market … Read more
UBS Global Research raised its year-end target for the benchmark S&P 500 index to 5,600 points, marking the highest forecast among major brokerages.
The text discusses the economic policies of the White House, highlighting the President’s plan to grow the economy from the middle out and bottom up. The President is committed to not raising taxes on anyone making less than 0,000 and will cut taxes further for workers and families, funded by asking corporations and the wealthy to contribute more.
Holiday home selling prices and rents on the island are currently at their highest point in the last eight years, with Limassol experiencing the most significant increases. Rental prices for holiday homes in Larnaca have risen by 74% since 2016, while selling prices in Limassol remain the highest, exceeding €4,000 per square meter. Additionally, Paphos has seen a 15% increase in holiday home prices compared to 2019, offering potential investment opportunities.
The YKAN has reported an increase in individuals involved in drugs and crime settling in Cyprus after the war in Ukraine and due to political instability in the region. Foreigners make up a significant percentage of those involved in drug-related cases, with drug seizures reaching record levels in recent years. YKAN is working to address the rise in minors involved in illegal activities by focusing on providing help and treatment rather than stigmatizing them as lawbreakers. They are mapping out schools and areas frequented by juveniles to monitor the situation closely.
Government surplus tops €8.3bn as corporate tax receipts reach record levels.