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The Latest Breaking News from UBS

Over $200 billion of Apple's market cap has been vaporized since Thursday. Here's what's going on

“The gravity of a challenging smartphone market particularly in developed regions that should continue…is a headwind for the stock,” UBS analyst David Vogt said.

Fortune

Stocks Gain on Positive Q2 Earnings Results

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. Stocks this morning are moderately higher on optimism that...

Barchart

Markets Today: Stocks Push Higher on Earnings Optimism

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.28%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.41%. Stock indexes this morning are moderately higher on optimism that Q2 corporate earnings results will continue to outperform. M&A activity also boosted stocks after Campbell...

Barchart

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Pickleball injuries spike as popularity rises

Medical costs for pickleball-related injuries are expected to reach $250 million to $500 million this year, according to investment banking company UBS.

Chicago Sun-Times

Looking for a new car? Don’t expect prices to drop just yet

Electric vehicles have seen price cuts, but so far the trend has stayed within that small segment of the market.

Chicago Sun-Times

Tough Crowd: Nearly 6 Million Q2 Subscription Adds Not Enough For Unhappy Netflix Investors, Stock Craters

Netflix stock was down over 9% during Thursday Nasdaq trading

Broadcasting & Cable

Big growth plans for the world’s smallest gelateria

‘The first 500 machines delivered from China were built upside down’

Evening Standard

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Stocks Fall Back as Inflation Expectations Climb

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.04%. Stocks Friday initially moved higher, with the S&P 500...

Barchart

Stocks Mixed After Positive Q2 Bank Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.11%. Stocks today are mixed this afternoon. Earlier this morning...

Barchart

Stocks Post Moderate Gains on Positive Q2 Bank Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.91%. Stocks today extended this week’s rally, with the S&P...

Barchart

Markets Today: Stocks Push Higher as Positive Q2 Bank Earnings Roll In

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.17% at a 15-month high, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.06%. U.S. stock index futures this morning are moving higher as Q2 corporate earnings results begin to roll in. Strength in bank...

Barchart

Stock Index Futures Move Lower as Investors Cautiously Await U.S. Big Bank Earnings

September S&P 500 futures (ESU23) are down -0.08%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.06% this morning after three major U.S. benchmark indices closed higher on Thursday as economic data provided more evidence that inflationary pressures were subsiding, while market participants braced for earnings from big U.S.…

Barchart

Stock Index Futures Mixed as Investors Cautiously Await U.S. Big Bank Earnings

September S&P 500 futures (ESU23) are up +0.05%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.07% this morning after three major U.S. benchmark indices closed higher on Thursday as economic data provided more evidence that inflationary pressures were subsiding, while market participants braced for earnings from big U.S.…

Barchart

Swiss Taxpayers Spared From Funding UBS’ Rescue Of Credit Suisse

UBS to handle potential losses of CHF 5 billion, Swiss government to cover next CHF 9 billion.

Zenger

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The Week

Pickleball: obscure sport ‘will be bigger than golf in 5 years’

A cross between tennis, badminton and table tennis, pickleball has surged in popularity with the over 65s in the United States – and could soon be seen across the UK.

The Guardian - UK

UBS ‘preparing to cut more than half of inherited Credit Suisse workforce’

Between 30,000 and 35,000 staff likely to leave combined group this year, according to report

Fortune

Alphabet's downgrade double-whammy

In a downgrade double-whammy, UBS AG and Bernstein both warned that generative A.I. represents a near-term threat to Google search ad revenue and its profit margins.

Bangkok Post

UBS to cut 35,000 jobs after Credit Suisse rescue

GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.

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Fortune

Pickleball has been a lifeline for seniors, but the sport’s injuries may cost Americans nearly $400 million this year

The outlet for seniors may also be contributing to more injury-related health care costs.

Fortune

Morgan Stanley says commercial real estate will crash harder than during the Great Financial Crisis. Here’s how 5 other top institutions see it playing out

There’s one thing they can all agree on: Office properties are in trouble.

Barchart

Stocks Mixed on Geopolitical Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up -0.86%. U.S. stocks are mixed today as chip stocks buoy...

Barchart

Stocks Higher Despite Russian Geopolitical Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.46%. U.S. stocks are mildly higher today as chip stocks...

Barchart

Markets Today: Stocks Rise Despite Geopolitical Concerns

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) is up +0.26%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up by +0.09%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up by +0.5%. U.S. stocks are higher this...

Barchart

Markets Today: Stocks Slightly Lower on Geopolitics and Weak Economic News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.04%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.05%. U.S. stocks are being undercut by weak consumer economic reports over the weekend from China, a weak German IFO report, and geopolitical concerns after Wagner...

Barchart

Stocks Set to Open Lower as Investors Await Key U.S. Inflation Data, Powell Speech

September S&P 500 futures (ESU23) are down -0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.22% this morning as market participants looked ahead to the release of the Fed’s favorite inflation gauge while awaiting a speech from Fed Chair Jerome Powell.

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