Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.
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U.S. economy grew at a 2.8% pace in the second quarter, much more than expected
World
Finland’s Kone to buy German rival TK Elevator in blockbuster $34.4 billion deal
A TK Elevator (TKE) elevator on display at the Microsoft Corp. booth at the Hannover Messe 2026 trade fair in Hannover, Germany, on Monday, April 20, 2026. Bloomberg | Bloomberg | Getty Images Finland’s Kone has agreed to buy German rival TK Elevator in a deal valued at 29.4 billion euros ($34.4 billion), marking one […]
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UBS profits rocket 80% to $3 billion for first quarter beat
UBS generated a net profit attributable to shareholders of $3 billion for the first quarter, up 80% year-on-year and surpassing the $2.8 billion estimated by analysts, according to an LSEG-compiled consensus poll. The Swiss banking and asset management giant’s common equity tier (CET) 1 capital ratio — a gauge of a bank’s solvency — also […]
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CNBC’s UK Exchange newsletter: Can ‘Savvy the Squirrel’ drive Britons nuts for savings?
Chancellor Rachel Reeves, Julia Hoggett, CEO of London Stock Exchange, and Lucy Rigby, Economic Secretary to the Treasury, launch a new campaign to get Brits investing, at London Stock Exchange on April 23, 2026 in London, England. Carl Court | Getty Images News | Getty Images This report is from this week’s CNBC’s UK Exchange […]
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