Tag: NYSE:UBS
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Friday’s Wall Street Highlights: SoftBank, Boeing, Broadcom, MongoDB, Meta Platforms and more
US Index Futures rose in premarket trading on Friday after the US Senate passed a bill raising the debt ceiling, eliminating the risk of a debt default. The market is now shifting its focus to the Payroll report, which is important for calibrating expectations about the trajectory of US interest rates. By 6:55 AM, Dow Jones…
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Wall Street Highlights for Wednesday: Tesla, Goldman Sachs, C3.ai, Ambarella and more
The risk aversion environment prevails and puts pressure on US Index Futures, after China’s economy contracted for the second straight month in May, which adds evidence that the Asian country’s post-Covid recovery is losing momentum. The market also follows the vote in the plenary of the House of the bipartisan agreement to increase the debt…
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Friday’s Wall Street Highlights: JPMorgan, Tesla, PDS Biotechnology, Costco and more
US Index Futures rose on the possibility of the US government reaching a deal to resolve the US debt ceiling problem prevailing in markets on Friday morning. Investors also await the release of the inflation indicator monitored by the Federal Reserve, after mixed signals from US central bank officials regarding the direction of interest rates. By…
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Wall Street Highlights for Wednesday: Target, Tesla, Western Alliance, AT&T and more
US Index Futures operated in positive territory on Wednesday, with investors awaiting news on talks between congressmen and President Joe Biden over the US debt ceiling, while awaiting data on housing and building permits. American markets are still echoing the surge in Western Alliance shares in the after hour, after the bank recorded growth in deposits,…
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UBS Anticipates Cash Boost, ServiceNow Launches Share Buyback, JD Sports Reports Profit Drop
UBS Anticipates Cash Boost UBS (NYSE:UBS), the Swiss bank, anticipates receiving a substantial cash boost from its acquisition of Credit Suisse, a former competitor, amounting to billions of dollars. The combined firms’ negative goodwill, resulting from the purchase of a rival below tangible book value, has reached $34.8 billion as of the end of 2022.…
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Tuesday’s Wall Street Highlights: Retail Sales, Amgen, Activision Blizzard, Capital One and More
Tuesday’s pre-market was marked by a climate of uncertainty in financial markets, with US Index Futures falling. All eyes on Wall Street were focused on an important meeting between Congressional leaders and President Joe Biden, at which the central issue was the US debt ceiling. By 08:30 AM, Dow Jones futures were down 94 points, or…
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Thursday’s Wall Street Highlights: PPI, Disney, Robinhood, Unity Software, Shell and more
US Index Futures were mixed with investors saying the Federal Reserve is likely to halt interest rate hikes due to inflation data cooling, as investors look further into economic data, the Producer Price Index and Initial jobless claims. By 8:40 AM, Dow Jones futures were down 110 points, or 0.33%. S&P 500 futures were down 0.05%,…
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Tuesday’s Wall Street Highlights: Goldman Sachs, PayPal, Palantir, IBM and more
US Index Futures fell ahead of speeches by Federal Reserve members and the publication of inflation data this week, which could provide hints on the outlook for the economy and monetary policy. The mood is also reinforced by an unexpected drop in imports from China. By 8:24 AM, Dow Jones futures were down 103 points, or…
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Renault Warns Against Reducing EV Prices, Bed Bath & Beyond Prepares for Bankruptcy
Mixed Earnings Affect Stocks European stocks showed a slight decrease while US equity futures declined as investors analyzed mixed corporate earnings and reviewed the most recent assessment of the US economy for hints about the path for interest rates. The Stoxx Europe 600 (STOXX:SSXP) saw a boost in banking stocks, but autos experienced a decline,…
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Real Estate Stocks Facing Challenges, Google Launches Ads Transparency Center, Lucid to Cut Workforce by 18%
European Equities Rise On Wednesday, European equities rose while Asian stocks were buoyed by the announcement that Chinese ecommerce giant Alibaba would split into six business units. UBS (NYSE:UBS) saw a 2.2% rise in its shares after announcing that Sergio Ermotti would become its CEO, leading its takeover of Credit Suisse (NYSE:CS). The Stoxx 600…