UBS Group AG

Robinhood rolls out high-risk margin trading in the UK after getting regulator nod
World

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
World

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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OpenAI gets  billion revolving credit line, giving it more than  billion in liquidity
World

OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity

OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news on Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big […]

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Microsoft’s mammoth AI bet will lead to over 0 billion in data center leases
Technology

Microsoft’s mammoth AI bet will lead to over $100 billion in data center leases

Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing and artificial intelligence infrastructure in Indonesia, betting on Southeast Asia’s biggest economy to spur growth. Dimas Ardian | Bloomberg | Getty Images As Microsoft investors […]

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CNBC Daily Open: Moving past sticky core inflation
World

CNBC Daily Open: Moving past sticky core inflation

Prices are displayed in a store window in Brooklyn on August 14, 2024 in New York City.  Spencer Platt | Getty Images News | 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 […]

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Wall Street is turning less bullish on tech darling ASML for several reasons
World

Wall Street is turning less bullish on tech darling ASML for several reasons

Analysts at major Wall Street banks are getting more cautious on chip darling ASML , raising concerns about the critical chip equipment maker’s demand outlook. Earlier this week, investment bank UBS downgraded ASML to “neutral” and cut its price target on the stock to 900 euros ($1,000.78) from 1,050 euros previously. In the note, UBS said […]

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UBS just downgraded critical chip firm ASML on expectations of a demand ‘normalization’
World

UBS just downgraded critical chip firm ASML on expectations of a demand ‘normalization’

Critical chip equipment supplier ASML is set to face softer demand from buyers of its products in the coming years — and the artificial intelligence boom won’t be enough to offset these downside risks, according to analysts at investment bank UBS . In a fresh research note, UBS downgraded ASML to “neutral” and cut its price […]

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Stocks making the biggest moves midday: Paramount, Eli Lilly, Netflix, Hershey and more
Finance

Stocks making the biggest moves midday: Paramount, Eli Lilly, Netflix, Hershey and more

Check out the companies making headlines in midday trading: Paramount Global — The media conglomerate’s stock dropped more than 5% after Edgar Bronfman Jr. abandoned his pursuit of a takeover, clearing the way for Skydance to follow through on its roughly $8 billion acquisition deal reached in July. The Skydance deal, expected to close in […]

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UBS veteran boss Ermotti may have pulled off the deal of the decade with the Credit Suisse rescue
World

UBS veteran boss Ermotti may have pulled off the deal of the decade with the Credit Suisse rescue

UBS CEO Sergio Ermotti on Tuesday, May 7, 2024.  Bloomberg | Bloomberg | Getty Images After an intense weekend of negotiations in March 2023, Swiss banking giant UBS agreed to buy its embattled rival Credit Suisse. Despite the attractive purchase price of $3.2 billion, investors were concerned about whether UBS would manage to turn around […]

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Recent volatility spike was a ‘huge overreaction,’ but expect more ahead, UBS strategist says
World

Recent volatility spike was a ‘huge overreaction,’ but expect more ahead, UBS strategist says

August has been a choppy month for markets, with uncertainty over the health of the global economy sparking a jump in volatility. At the start of the month, a weaker-than-expected jobs report in the U.S. raised concerns about a potential recession and caused U.S. stocks to slide. Meanwhile, a more hawkish tone from the Bank […]

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