The Latest Breaking News from UBS

When $11.6 billion vanishes in a matter of weeks, Wall Street sits up and takes notice. That's the fallout from First Brands, the Rochester, Michigan-based auto parts supplier whose bankruptcy has become a cautionary tale of opaque financing, missing payments, and potential fraud.

“It seems you can’t go anywhere without talking about AI,” says Aditya Bhave, senior U.S. economist at Bank of America Research.

A consortium of major banks including Goldman Sachs Group Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), UBS Group AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Bank of America Corp. (NYSE:BAC) announced plans to explore blockchain-based assets pegged to G7 currencies, according to Reuters.

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Dell Technologies Inc (NYSE:DELL) shares are trading higher on Wednesday following a wave of analyst price target increases after the company provided an updated outlook at an analyst meeting.

Alibaba Group (NYSE:BABA) has launched an in-house robotics team, marking its entry into the competitive race for AI-powered physical products.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Treasury Secretary Scott Bessent hails Javier Milei’s Argentina as a “beacon” for South America, backing it with swap lines while ruling out U.S. cash aid.

Tesco raised profit guidance after a better-than-expected first half.

Goodwill Industries is bracing for a wave of unemployed Gen Z workers, CEO Steve Preston recently said, as artificial intelligence makes it harder for young Americans to land jobs.

UBS believes the double-digit valuation discount for small- to mid-cap industrials compared with the large-cap multis position several companies within SMID to outperform moving forward.