UBS Group AG
Art Cashin, New York Stock Exchange fixture for decades, dies at age 83
Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, […]
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London’s historic art scene is getting a tech upgrade
The United Kingdom’s historic art scene has embraced technology such as artificial intelligence, as it evolves to compete with growing markets such as China. While the United States and China hold the number one and two spots respectively, the U.K.’s contribution to the art market is nothing to be sniffed at – holding 17% of […]
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CNBC Daily Open: Big Tech needs to go beyond beating earnings expectations
A Microsoft store in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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CNBC Daily Open: For Big Tech, beating earnings expectations is not enough
Microsoft Corp. signage in New York, US, on Friday, Oct. 25, 2024. Jeenah Moon | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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European markets fall over 1% as investors await UK budget; Campari shares slide 15%
Novo Nordisk shares fall to nine-month low Novo Nordisk shares on Wednesday fell to levels last seen in January of 2024 according to LSEG data, pulling back after competitor Eli Lilly posted weaker-than-expected quarterly results. Eli Lilly missed expectations for profit and revenue in the third quarter and cut its adjusted profit guidance for the […]
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CNBC Daily Open: Everyone gave Reddit an upvote
The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where […]
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Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
Signage at the UBS flagship office in New York, US, on Tuesday, March 21, 2023. Bloomberg | Bloomberg | Getty Images Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse. Net profit attributable to shareholders came […]
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CNBC Daily Open: The S&P could continue its ascent despite pausing
Hikers on layered sandstone rock formations in the Fire Wave area of Valley of Fire State Park near Overton, Nevada. Ron Buskirk | Universal Images Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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Robinhood rolls out high-risk margin trading in the UK after getting regulator nod
Tthe Robinhood logo is displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images LONDON — Robinhood said Monday that it’s rolling out margin investing — the ability for investors to borrow cash to augment their trades — in the U.K. The U.S. online investment platform said that the option would allow users […]
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UBS sells its 50% stake in Swisscard to American Express
UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. Jakub Porzycki | Nurphoto | Getty Images UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50% stake in credit card provider Swisscard. UBS will sell its 50% […]
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