UBS
Swiss multinational investment bank and financial services company
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-06-25 00:00
US dollar falls 10% as investors lose confidence amidst uncertainty - The US dollar has dropped about 10% this year, reaching its lowest level in three years.
- Central banks globally are increasing their gold reserves due to declining confidence in the dollar.
- This situation highlights the need for investors to diversify away from dollar-denominated assets.
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society 2025-06-19 17:30
The U.S. gains record number of new millionaires in 2024 - The total number of millionaires in the U.S. reached 23.8 million in 2024, marking 40% of the global total.
- North America significantly outperformed other regions, driven by a robust U.S. dollar and positive financial market conditions.
- The rise in U.S. millionaires suggests ongoing trends of wealth growth, but also highlights the wealth inequality within the country.
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business 2025-05-27 00:00
UBS sees over 50% upside for undervalued LifeStance Health stock - UBS upgraded LifeStance Health shares from neutral to buy on May 27, 2025.
- Analyst Kevin Caliendo suggests the stock is undervalued amid recent price declines.
- Despite concerns, the company’s long-term growth profile remains promising and attractive.
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business 2025-05-12 00:00
UBS reveals tech and financial sectors as dividend growth champions - The UBS U.S. Dividend Ruler Fund outperforms the broad market index with a yield of 1.83%.
- Technology and financial sectors have been identified as leaders in sustainable dividend growth.
- Investors are encouraged to consider these sectors for better risk-adjusted returns.
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business 2025-05-09 00:00
Boeing navigates tariff risks as UBS raises price target - Boeing's stock rose after the U.K. announced a $10 billion aircraft purchase as part of a trade deal with the U.S.
- UBS raised its price target for Boeing shares to $226 from $207, anticipating the company can handle tariff risks effectively.
- Analysts remain optimistic about Boeing's stock performance despite potential risks related to air travel demand and delivery issues.
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technology 2025-05-07 00:00
UBS upgrades Logitech as gaming trends soar among Generation Alpha - UBS raised its rating on Logitech to buy, citing strong gaming engagement among Generation Alpha.
- Logitech's shares have underperformed this year, despite healthy margins and good cash flows.
- Investor interest may rekindle following UBS's positive outlook and target price for Logitech's stock.
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business 2025-05-06 15:35
Credit Suisse faces $511 million penalty for helping Americans evade taxes - Credit Suisse Services AG pleaded guilty to conspiring to assist in preparing false tax returns.
- The bank is fined approximately $511 million and must comply with a new non-prosecution agreement.
- This case highlights ongoing issues with compliance and accountability in large financial institutions.
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business 2025-05-05 00:00
UBS upgrades EQT share price target, citing growth potential - Analyst Josh Silverstein upgraded EQT's stock rating from neutral to buy, raising the price target by $10 to $64.
- EQT's shares are already up 12% in 2025, outperforming the S&P 500's 3% decline.
- The upgrade indicates strong potential for growth driven by natural gas demand and a recent acquisition.
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business 2025-04-29 00:00
UBS lowers price target on Amazon amid tariff concerns - UBS revised its first-quarter revenue estimates for Amazon due to expected tariff impacts.
- Analyst Stephen Ju lowered the price target for Amazon shares from $272 to $253.
- Despite challenges, UBS maintains a buy rating on Amazon, citing its strong market position.
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business 2025-04-23 10:07
Gulf heirs shift focus from family businesses to wealth management - The younger generation of wealthy families in the Gulf is less interested in traditional family businesses.
- Heirs are returning from education abroad with skills geared towards investment management.
- This shift suggests a future trend of increased focus on wealth management and investment strategies.
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business 2025-04-22 00:00
Experts warn the market hasn't bottomed out yet - Rebecca Cheong of UBS has indicated that the stock market has not yet found its bottom despite recent recoveries.
- The current decline is noted as the fourth sell-off in the S&P 500 greater than 15% since 2018, driven primarily by tariff-related concerns.
- Cheong concludes that further declines and market instability are expected before a true recovery can take place.
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business 2025-04-07 00:00
Airlines face significant cuts in price targets amid economic concerns - UBS has downgraded price targets for Delta Air Lines and United Airlines by 45% each and Alaska Airlines by 28%.
- This adjustment coincides with declining consumer sentiment and a sharp drop in financial markets.
- The airline industry is facing significant challenges, indicating a potential recession may intensify existing headwinds.
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politics 2024-12-10 00:00
Is AI ruining the future of audiobooks according to Brian Murray? - During the UBS Global Media and Communications Conference, Brian Murray, CEO of HarperCollins, discussed the rising dominance of audiobooks over e-books, which has offered relief in revenue during a downturn.
- Murray commended Spotify's successful entry into the audiobook market, which includes a flexible model that has proven beneficial for both Spotify and HarperCollins.
- He expressed concerns over AI's potential negative impact on content quality while highlighting ongoing efforts at HarperCollins to leverage AI for productivity improvements.
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society 2024-12-02 21:12
Wall Street icon Art Cashin dies at 83 - Art Cashin, a respected director of floor operations at UBS, has died at the age of 83.
- He was a prominent figure in the New York Stock Exchange for over six decades, known for his market insights and storytelling.
- His contributions to the industry and his role in supporting the NYSE Fallen Heroes Fund illustrate his enduring legacy.
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business 2024-12-02 10:15
Dana Incorporated announces participation in major industry conference - Dana Incorporated will participate in the UBS Global Industrials and Transportation Conference on December 4, 2024.
- Timothy Kraus, Senior Vice President and Chief Financial Officer, will present an overview and conduct a Q&A session.
- The company's commitment to transparency and innovation is reinforced by its participation in prestigious industry events.
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business 2024-11-25 00:00
UBS bullish on Arm, predicts 20% upside amid AI boom - UBS has initiated coverage on Arm, a chip designer, recommending a buy rating.
- The target price of $160 suggests about a 17.7% upside potential from the current stock price.
- UBS's bullish outlook is attributed to the booming AI sector and growth potential in key markets like data centers and smartphones.
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business 2024-09-28 01:42
California city faces potential house price crash amid market bubble fears - UBS's analysis ranks Los Angeles fourth in housing bubble risk among major cities.
- The city has an average home price nearing $1 million and has experienced a population decline.
- Recent interest rate cuts may lead to a rebound in housing demand, particularly from first-time buyers.
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business, science, society 2024-09-10 14:56
Harmony Biosciences sees Wakix sales surge, UBS projects growth - Wakix generated net revenues of $172.8 million in Q2 2024, a 29% increase year-over-year.
- UBS has initiated coverage on Harmony Biosciences with a Buy rating and a price target of $56, projecting a 19% CAGR for Wakix sales through 2026.
- The growth potential in the narcolepsy market and recent acquisitions position Harmony favorably for future success.
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business 2024-08-23 21:50
Melrose Shares Drop After UBS Sell Advice - UBS issued a sell recommendation for Melrose shares, causing a sharp decline in their value.
- Most analysts suggest that Melrose shares are still a good buy despite UBS's advice.
- Investors react to UBS's contrasting stance on Melrose stock.
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business 2024-08-21 00:00
UBS Says Recent Market Volatility Was Overreaction - UBS strategist Gerry Fowler believes recent market volatility was an overreaction.
- Despite this overreaction, he warns that more choppiness may be on the horizon.
- Investors should brace themselves for further market turbulence according to UBS.
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business 2024-08-14 00:00
UBS Reports $1.14 Billion Profit in Q2 - UBS reports $1.14 billion profit in Q2, surpassing expectations.
- Analysts had projected revenue of $11.5 billion in Q2.
- UBS posts strong financial results in the second quarter.
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business 2024-08-13 00:00
UBS Earnings Report Expected Soon - UBS Group is scheduled to report earnings before Wednesday's open.
- Wall Street expectations for UBS earnings will be closely watched.
- Investors are awaiting UBS Group's financial performance.
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business 2024-08-11 00:00
Olympics and Taylor Swift Drive Demand in Europe - Demand in Europe is being significantly influenced by the Paris Olympics and Taylor Swift's Eras Tour, according to UBS.
- Despite these demand shocks, the average consumer's spending power remains unaffected.
- This indicates a complex economic landscape where excitement around major events doesn't translate into increased consumer spending.
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business, politics 2024-08-05 00:00
UBS Warns Japan Stocks Will Keep Falling - UBS warns investors that Japan stocks will continue to decline.
- Nikkei 225 and Topix have fallen past 7% in a day, nearing bear market territory.
- Investors advised caution when considering Japan stock investments.
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business 2024-08-02 00:00
UBS' Top Stock Picks for August - UBS has announced its top stock picks for August, featuring three new additions from the industrials and materials sectors.
- These selections reflect UBS's ongoing strategy to capitalize on promising sectors in the current market.
- Investors may find these new picks noteworthy as they consider potential opportunities for growth.
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business, politics, military conflicts 2024-08-01 00:00
Investing in Gold and Oil for Portfolio Safety Amid Tensions - Rising tensions in the Middle East increase the risk of market volatility.
- Investors are advised to consider gold and oil as hedging options.
- These commodities may provide a safeguard for portfolios during uncertain times.
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business 2024-07-16 00:00
UBS Unveils Updated List of Top Tech Stocks in Asia Amid Market Shifts - UBS updates stock picks to compete with the Magnificent 7 in Asia.
- Stocks expected to narrow performance gap and outperform rest of Asia in the next 12 months.
- UBS focuses on enhancing stock performance to rival top players in the region.
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business 2024-07-12 04:04
Global Surge in Millionaires Expected except in the UK - Australia is predicted to have 400,000 more millionaires by 2028, according to UBS' Global Wealth Report.
- An additional 400,000 Australians are expected to join the millionaire club by 2028.
- However, the UK is forecasted to experience a decline in the number of millionaires.
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technology, business 2024-07-12 00:00
UBS Downgrades Tesla Amid Concerns Over Core Business and AI Hype - UBS has downgraded Tesla's stock due to concerns that the current share price is heavily influenced by hype surrounding artificial intelligence.
- The investment bank warns that enthusiasm for AI could diminish, negatively affecting Tesla's stock value.
- This decision reflects growing skepticism about the sustainability of valuations based on high expectations.
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society, business 2024-07-10 00:00
Global Millionaire Growth Forecasts Show U.K. Decline Amidst Rising Wealth Elsewhere - The 2024 Global Wealth Report from UBS predicts a rise in the number of millionaires globally.
- In contrast, the UK appears to be an exception with a significant decline in its millionaire count.
- This trend raises questions about economic disparities and potential policy implications in the UK.
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business 2024-06-17 23:01
UBS sets aside over €700 million to repay Greensill investors - UBS takes a hit of over €700 million to repay investors affected by Greensill collapse.
- The provision is made to rescue Credit Suisse from the aftermath of the collapse.
- Profits of UBS are expected to remain unaffected by the repayment provision.
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business 2024-05-09 23:44
UBS reports strong earnings after acquiring Credit Suisse - UBS has reported a profit for the first time since acquiring Credit Suisse.
- Investors are eagerly awaiting the Bank of England's rate decision and earnings reports from UBS and other major companies.
- These events will provide key insights into market trends and investor sentiment.
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2023 All rights reserved