Why wealthy Americans love UBS, the secretive Swiss banking giant
UBS’s wealth management division has attracted wealthy foreign clients, due in part to strong Swiss secrecy laws.
Europe stocks close higher after U.S. debt ceiling deal; Swedish property group SBB soars 30%
European stock markets closed higher Friday after U.S. lawmakers passed a bill to raise the U.S. debt ceiling.
93% of CEOs are preparing for a recession—here’s what it means for you
Economists and business leaders alike see a recession on the horizon, but investors continue to push the stock market upward.
Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores
At least two bidders are looking to purchase Buy Buy Baby amid Bed Bath & Beyond’s bankruptcy, including one that wants to keep 75% of stores open.
Atlantic Equities downgrades this music stock as A.I.-created songs threaten revenue growth
The firm downgraded Warner Music to neutral and lowered its price target to $26 per share from $39.
Even as inflation rate subsides, prices may stay higher. Here’s why
Prices and inflation are still a “top concern” for U.S. consumers, one expert says. For many, the big question is how soon they may see financial relief.
Payrolls rose 339,000 in May, much better than expected in resilient labor market
Nonfarm payrolls were expected to increase by 190,000 in May, according to Dow Jones.
OPEC+ prepares for weekend meeting after Saudi warns speculators to ‘watch out’
Saudi energy minister Prince Abdulaziz bin Salman has urged oil market speculators to “watch out.”
JPMorgan raises 2024 economic outlook for India, but remains cautious of global headwinds
JPMorgan marked up its 2024 growth forecast from 5% to 5.5%, citing a number of reasons to justify only a modest increase.
