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The Latest Breaking News from UBS

Australian coal shipment to arrive at Chinese port as unofficial import ban ends

The resumption of trade marks an improvement in relations and comes a day after Australia-China ministerial talks

The Guardian - AU

Big Tech is making big AI promises in earnings calls as ChatGPT disrupts the industry

Companies like Google and Meta say to expect AI rollouts "very soon," but startups like OpenAI still pose a huge threat.

Fortune

Not just ChatGPT: January boom in AI news heralds big year for bots

ChatGPT isn't the only game in town. It may have just hit a record-breaking 100 million monthly active users in just two months, according to a UBS study, but other artificial intelligence (AI) heavyweights hope to catch up. Chief among them are Google's LaMDA, so clever that an employee was…

France 24

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Fed Chair Powell is no Kobe Bryant. He didn’t have ‘Mamba mentality’ in his crucial press conference, UBS says

Jerome Powell has lost some of his focus when it comes to fighting inflation, UBS's chief investment officer said.

Fortune

ChatGPT reaches 100 million users two months after launch

Unprecedented take-up may make AI chatbot the fastest-growing consumer internet app ever, analysts say

The Guardian - US

The A.I. revolution is here: ChatGPT could be the fastest-growing app in history and more than half of traders say it could disrupt investing the most

More than 50% of traders say that A.I. and machine learning will be the most disruptive forces shaping markets over the next three years, according to a new survey.

Fortune

After turbulent year, UBS upbeat with eye on Asia

Zurich (AFP) - Swiss banking giant UBS voiced optimism for 2023 on Tuesday, hoping that higher interest rates and a swelling business in Asia would boost its results following a turbulent 2022.

AFP

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First Thing: Ron DeSantis prepares for 2024 White House run

Florida governor’s moves spur Trump to lash out at him during low-key events over the weekend in New Hampshire and South Carolina. Plus, Sarah Michelle Gellar makes a comeback

The Guardian - UK

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

The Guardian - UK

Supermarket prices surge and there's more inflation to come, warn analysts

Supermarket price increases accelerated over the past three months of 2022, with Woolworths leading the charge, according to research by investment bank UBS.

ABC News

Big C lining up banks for B30bn IPO

Big C Supercenter Plc has picked Bank of America and UBS Group to advise on an initial public offering expected to be worth at least 30 billion baht, according to people with knowledge of the matter.

Bangkok Post

Wales Fast Growth 50 project is going UK-wide

The project which has showcased the fast growing firms in Wales since 1999 is expanding with lists in England, Scotland and Northern Ireland

Birmingham Post

IBD Stock Of The Day United Therapeutics Is Braving Competition, And Eyeing Two Entries

United Therapeutics is the IBD Stock Of The Day as competition heats up in its lung disease market. UTHR stock is eyeing two potential buy points.

Investors Business Daily

Stock Market Holds Most Gains; Microsoft Down After Downgrade; 2 Stocks Top Buy Points

The stock market reversed into midday Wednesday, with major indexes pulling higher.

Investors Business Daily

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Investors Business Daily

Dow Jones Rises Ahead Of Fed Minutes; Microsoft Sells Off On Downgrade; Tesla Bounces

The Dow Jones Industrial Average rose Wednesday ahead of economic data and Fed minutes. Microsoft slid on an analyst downgrade, while Tesla stock bounced.

The Street

Microsoft Stock Slides As UBS Cuts Rating, Flags Azure, Office 365 Weakness

UBS analyst Karl Keirstead warns of a "steep growth deceleration" for Microsoft's flagship cloud division.

The Street

Stocks Edge Higher, Fed Minutes, GE, Microsoft, House Speaker Vote - Five Things To Know

Stock futures edge higher with jobs, Fed in focus; Fed minutes may show rate path split as economy, inflation cools; GE HealthCare shares to begin trading on the Nasdaq; Microsoft slumps as UBS cuts rating, flags Azure weakness and Kevin McCarthy faces 'last shot' at House Speaker after three failed…

Investors Business Daily

IBD Stock Of The Day: How These Issues In 2023 Could Spark, Or Slam, Eli Lilly Stock

Eli Lilly is the IBD Stock Of The Day as the company explores new methods of treating Alzheimer's and obesity, driving LLY stock near highs.

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Investors Business Daily

The Battles Brewing That Could Stoke Already Red-Hot Eli Lilly Stock

Investors are closely watching two Eli Lilly battles that will unfold in 2023 as LLY stock continues a fevered streak, tacking on new highs.

The Street

People Are Buying Fewer Clothes

Inflation is only part of the story behind lagging clothing sales, analysts find.

Tribune News Service

Lender takes over ownership of Dallas’ landmark Galleria mall

Ownership of the landmark Galleria Dallas mall — one of North Texas’ best known shopping meccas — has been transferred to the property’s lenders just days before Christmas.

Fortune

We ranked the top robo-advisors for 2022

Here are the robo-advisors that made our top 10 list based on commissions, fees, minimum deposits, and customer service offerings.

Investors Business Daily

IBD Stock Of The Day Medpace Shocked Investors — Now It's Eyeing Multiple Entries

Medpace is the IBD Stock Of The Day. Months after a bullish 2023 call sent MEDP stock soaring, shares are eyeing a buy point.

Fortune

What experts say you need to know about generational wealth

Recent figures show that 70% of wealthy families lose their wealth by the next generation, with 90% losing it the generation after that.

Asharq Al-Awsat

Oil Resumes Slide as Weak Economy Outweighs Supply Risks

Oil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a production cut. Brent crude futures were down 38 cents, or 0.4%, at $75.72 a barrel by…

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