UBS takes down Credit Suisse logo from Canary Wharf office UBS rescued Credit Suisse from collapse in March Evening Standard · Oct 30, 2023
Wall Street is obsessed with AI. From the 'new electricity' to the next gold rush, here's how top analysts see the tech revolution playing out Fortune analyzed hundreds of pages of AI reports from investment banks, hedge funds, and research firms. They say it will change everything—eventually. Fortune · Oct 28, 2023
Bernard Arnault, the world's second richest man, may be seeing the end of his winning streak as luxury shoppers bolt for the first time in years LVMH boss Bernard Arnault's wealth topped $200 billion in April surpassing Elon Musk as luxury industry made big gains—but the tide may now be turning. Fortune · Oct 11, 2023
European luxury stocks may not have shaken off the impact of economic pressures just yet as a key index that tracks the top 10 luxury stocks declined the most in a quarter since 2020 The luxury stock index, which includes LVMH, Ferrari and Richemont, is under pressure due to tighter consumer spending globally—especially in China. Fortune · Oct 9, 2023
Basel Committee Pushes For Crypto Asset Disclosure In Banking Sector BCBS aims to increase transparency and oversight as digital assets gain prominence Zenger · Oct 7, 2023
Stocks Rebound as Rising Bond Yields Bolsters Fed-Pause Speculation What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +1.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.87%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.70%. Stocks on Friday recovered from early losses and... Barchart · Oct 6, 2023
Broader Market Under Pressure on Fed Rate Hike Concerns What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.24%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.11%. Stocks this morning are mixed, with the Dow Jones... Barchart · Oct 6, 2023
3 EV Stocks Analysts Like Better Than Tesla Tesla is an EV stock that has delivered outsized gains to shareholders. But these three EV stocks should outpace Tesla in the next year, according to Wall Street projections. Barchart · Oct 4, 2023
Exclusive: UBS Committed to China, Sees Opportunities After Credit Suisse Deal Merged group is looking at how best to expand its presence in the country, CEO Sergio Ermotti tells Caixin in an exclusive interview Caixin Global · Sep 28, 2023
Nike: Is This Underperforming Growth Stock a "Value Buy" Right Now? Nike stock trades well below its November 2021 highs, and has underperformed the markets over this period. However, with NKE valuations now falling below long-term averages, I believe this growth stock offers reasonable value at these prices. Barchart · Sep 15, 2023
Shell (SHEL), Devon Energy (DVN), and Par Pacific (PARR): Energy Stock Buy, Hold or Sell? Growing demand worldwide and constrained crude supply aggravated by extended production cuts by Saudi and Russia are expected to push oil and gas prices higher, boosting the energy sector’s prospects. Amid this, let’s find out if you should buy, sell, or hold energy stocks Shell (SHEL), Devon Energy (DVN), and… StockNews.com · Sep 14, 2023
Stocks Slightly Higher after Mixed U.S. CPI Report What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. Stock indexes this morning are slightly higher. Stocks are... Barchart · Sep 13, 2023
Wall Street Analysts Tear Down BYD Seal, Say Tesla Should Worry UBS analysts said that tearing down the Seal strengthened their belief that Chinese carmakers are here to stay and dominate the global electric car market. InsideEVs · Sep 13, 2023
Markets Today: Stock Index Futures Slip as Mixed U.S. CPI Report Keeps Fed Rate Hikes in Play Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.06%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.14%. Stock index futures this morning are moderately lower on a mixed U.S. CPI report. U.S. consumer prices in August increased to +3.7% y/y from +3.2%... Barchart · Sep 13, 2023
Barchart · Sep 6, 2023 Markets Today: Stocks Slip as Weak Eurozone Economic News Fuels Growth Concerns Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.31% at a 1-week low, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.36%. Stock indexes this morning are moderately lower on negative carryover from a fall in the Euro Stoxx 50 to a 1-1/2...
Fortune · Aug 31, 2023 UBS reaps windfall gain from Credit Suisse deal after Swiss bank buys rival for $29 billion discount UBS paid far too little for the assets of its cross-town rival when it agreed to a shotgun wedding for the bargain basement price of just $3.4 billion.
The Independent UK · Aug 31, 2023 UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts Swiss bank UBS announced plans to save $10 billion in costs as it moves ahead with “full integration” of longtime rival Credit Suisse’s domestic operations, releasing its first earnings report since the government-orchestrated merger to help stave off a possible global financial meltdown
Barchart · Aug 23, 2023 6 Reasons to Buy the Dip in Xpeng Motors Stock Xpeng Motors stock is down considerably from its July 2023 highs. Here are the top reasons why you should buy this dip in XPEV now.
Barchart · Aug 23, 2023 Nasdaq Futures Tick Higher Ahead of Nvidia Results, PMI Data in Focus September Nasdaq 100 E-Mini futures (NQU23) are trending up +0.15% this morning as market participants awaited crucial quarterly results from industry stalwarts Nvidia and Analog Devices while also gearing up for U.S. business activity data.
Barchart · Aug 23, 2023 Nasdaq Futures Climb Ahead of Nvidia Results, PMI Data in Focus September Nasdaq 100 E-Mini futures (NQU23) are trending up +0.40% this morning as market participants awaited crucial quarterly results from industry stalwarts Nvidia and Analog Devices while also gearing up for U.S. business activity data.
The Week · Aug 21, 2023 Richcession: where have all the millionaires gone? The cost-of-living crisis has hit households across the world – and a new report shows that even the very rich have not gone unscathed.
Barchart · Aug 17, 2023 Somebody Really Must Like Suncor Given Its Unusual Options Activity A multi-leg trade on Wednesday for Suncor calls suggests somebody thinks oil prices might continue moving higher. The question is whether Suncor is the right energy play here.
Fortune · Aug 17, 2023 ‘Richcession’ hits as 3.5 million millionaires lost their status last year The wealth gap between the richest Americans and the bottom 50% narrowed in 2022, according to a new report.
WEKU · Aug 16, 2023 China's economic woes keep getting worse. Here's why China has seen a series of disappointing economic data this year. UBS' Tao Wang explains what went wrong with the anticipated recovery after China's tough COVID restrictions, and what could come next.
Fortune · Aug 15, 2023 $11.3 trillion in global wealth evaporated last year in the first drop since the Global Financial Crisis. But the next few years look ‘brighter’ Worldwide wealth fell 2.4% or $11.3 trillion last year to $454.4 trillion, according to a new UBS and Credit Suisse report.