Renault to sell 5% stake to Nissan as carmakers rebalance alliance French company to receive up to £657m, helping push electric vehicles unit Ampere The Guardian - UK · Dec 12, 2023
House, marriage, kids: Following a traditional 'order' of life milestones could majorly mess up your finances Rachel Gottlieb of UBS, co-author of Money and Love, Abby Davisson, and Albion Financial Group's Doug Wells on reprioritizing life's milestones. Fortune · Dec 9, 2023
Billionaires are in the midst of their own Great Wealth Transfer, and it's changing the face of the 10-figure club forever Newly-minted billionaires accumulated more wealth from inheritance than from entrepreneurship over the past year, UBS finds. Fortune · Dec 5, 2023
Wealth Inheritance Surpasses Earnings for Next-Gen Billionaires, According to UBS Report The UBS report revealed that many young tycoons are amassing wealth predominantly through inheritance rather than through their own entrepreneurial endeavours. International Business Times UK · Dec 1, 2023
Markets Today: Stocks Slip Ahead of Speech from Fed Chair Powell Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.16%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.26%. Stock index futures this morning are mildly lower on some position squaring ahead of comments later today from Fed Chair Powell that may provide clues as to... Barchart · Dec 1, 2023
Inheritance Is Making More New Billionaires Than Entrepreneurship, UBS Say Billionaires are mostly concerned about geopolitical tensions and inflation. International Business Times · Nov 30, 2023
Future generation of billionaires will inherit their wealth and be less generous: UBS UBS expects $5.2 trillion to be transferred to the children of billionaires over the next few decades—they'll act a lot differently to their parents. Fortune · Nov 30, 2023
Next generation of billionaires collect more wealth from inheritance than work, says UBS Swiss bank favoured by super-rich says 1,000 billionaires are likely to pass on $5.2tn to their children over next 20 years The Guardian - UK · Nov 30, 2023
Stocks End Higher as Bond Yields Fall on Dovish Fed Comments What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.13%. Stocks on Tuesday posted moderate gains, with the Dow... Barchart · Nov 28, 2023
Stocks Gain on Positive Corporate News What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.56%. Stocks this morning are moderately higher, with the S&P... Barchart · Nov 22, 2023
Goldman Sachs questions Deutsche Bank and UBS comparisons of the 2020s to other eras Goldman Sachs's Jan Hatzius and David Kostin outlined during a roundtable why their firm is so optimistic about 2024. Fortune · Nov 17, 2023
Forget the gloom of the 1970s—UBS thinks the US economy is headed back to a Clinton-like era of the bustling 1990s "The bottom line: Something is afoot with the US economy," wrote UBS's Jason Draho. Fortune · Nov 14, 2023
Goldman Sachs and BNP Paribas lead $100 million funding round for Fnality International The U.K.-based firm, which says it uses blockchain tech to speed up financial transactions, has now raised a total of almost $163 million. Fortune · Nov 14, 2023
Will China Continue to Dominate the Electric Vehicle Industry? China has opened a significant lead as the world’s biggest maker of electric vehicles (EVs). Chinese EV brands account for about half of all EVs sold globally. Chinese EV makes have succeeded in taking domestic market share from former leaders, such as Volkswagen, and China’s BYD Co (BYDDY ) is... Barchart · Nov 8, 2023
The Guardian - UK · Nov 7, 2023 UBS reports $785m loss due to costs of Credit Suisse integration Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue deal
Barchart · Nov 6, 2023 Stocks Finish Higher on Dovish Fed Hopes What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.37%. Stocks on Monday mildly extended last week’s rally, with...
Fortune · Nov 6, 2023 Warren Buffett had a good, bad, and ugly earnings report with Berkshire Hathaway—but not as ugly as it looks Berkshire Hathaway lost over $20 billion on Apple last quarter and had a nearly $13 billion net loss, but it's sitting on a massive cash pile.
Evening Standard · Oct 30, 2023 UBS takes down Credit Suisse logo from Canary Wharf office UBS rescued Credit Suisse from collapse in March
Fortune · Oct 28, 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 11, 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 $200 billion in April surpassing Elon Musk as luxury industry made big gains—but the tide may now be turning.
Fortune · Oct 9, 2023 European luxury stocks may not have shaken off the impact of economic pressures just yet as a key index that tracks the top 10 luxury stocks declined the most in a quarter since 2020 The luxury stock index, which includes LVMH, Ferrari and Richemont, is under pressure due to tighter consumer spending globally—especially in China.
Zenger · Oct 7, 2023 Basel Committee Pushes For Crypto Asset Disclosure In Banking Sector BCBS aims to increase transparency and oversight as digital assets gain prominence
Barchart · Oct 6, 2023 Stocks Rebound as Rising Bond Yields Bolsters Fed-Pause Speculation What you need to know… The S&P 500 Index ($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 4, 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.