UBS Group AG
Goldman Sachs jumps into bitcoin ETFs while rivals retreat, and one hedge fund gets bullish on miners
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts. On Wednesday, banks and hedge funds with more than $100 million […]
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UBS reveals its most and least preferred Asian tech stocks — giving 2 over 100% upside
Asia’s tech stocks have taken a hit from the recent tech sell-off, but UBS sees promise in the sector, naming its most — and least — preferred stocks in it. “Bottom up, we do not believe the Tech outlook has dramatically changed,” the investment bank’s analysts led by Nicolas Gaudois wrote in an Aug. 6 […]
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UBS posts $1.14 billion profit in second quarter, smashing expectations
General view of the UBS building in Manhattan, New York City, on June 5, 2023. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Swiss banking giant UBS on Wednesday smashed net profit expectations for the second quarter, as revenue came in higher than expected. Net profit attributable to shareholders came in […]
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Swiss stock exchange says trading halted due to data problems
Four Chinese companies raised about $1.5 billion in July by issuing shares on the Six Swiss Exchange via a new China stock connect program. Bloomberg | Bloomberg | Getty Images Switzerland’s stock exchange SIX said trading had been halted on Wednesday morning across all products until further notice due to issues with disseminating data. SIX […]
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How to invest in gold — and is it worth it?
Gold has been coveted for thousands of years, with its beauty, versatility and reputation as a safe haven making it hard to resist. From bars of bullion to mining stocks and ETFs, there’s myriad ways to get involved. But has gold historically been a good investment? CNBC Pro takes a look at the pros and cons […]
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What would a second Trump presidency mean for China? Goldman Sachs weighs in
Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. Artyom Ivanov | TASS | Getty Images BEIJING — If Donald Trump wins the U.S. presidential election, his plans for 60% tariffs on Chinese goods could be a “major downside growth risk” to China, according to Goldman Sachs. Chances of […]
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Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
Golden Horn and Bosphorus at sunset, Istanbul, Turkey Matteo Colombo | Digitalvision | Getty Images Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a result that may come as surprising, given the country’s high levels of inflation. “Türkiye stands out with a staggering growth […]
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CNBC Daily Open: Trump attends RNC, Dow record close, bitcoin ‘digital gold
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024. Michael M. Santiago | 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. […]
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Forget the Magnificent 7: UBS just refreshed its ‘Super 8’ list of global stock picks
The so-called “Magnificent Seven” were last year’s hot stocks, with investors piling into Alphabet , Amazon , Apple , Meta Platforms , Microsoft , Nvidia and Tesla . But for those looking for alternatives, UBS has refreshed its list of “highest conviction and most investable” tech stocks in Asia. The bank says these stocks are […]
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Shares making the most important premarket moves: Wells Fargo, JPMorgan, Tesla, Carvana and extra
Look at out the organizations creating the most important moves in premarket investing: Wells Fargo — Shares tumbled 6% after the financial institution noted $11.92 billion in web desire income for the second quarter, a 9% calendar year-over-yr drop . Analysts polled by FactSet have been expecting $12.12 billion in internet fascination revenue. Wells Fargo […]
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