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.

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.

US megacap tech stocks, which are driving the AI boom, remain the top picks for hedge funds, reaffirming their forecasts of long-term growth potential.

AppLovin continues to make waves, with shares gaining on a latest round of price target upgrades. UBS sees the stock moving above $800.