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The Latest Breaking News from UBS

Flying on autopilot: Serious moves made toward pilotless air travel

Aviation experts say it will take a few decades of development and testing before regulatory authorities will give automated commercial planes the green light.

The New Daily

Mexico is set to be the big winner of the EV revolution—but it has a key challenge to overcome first

“Mexico has unique advantages that could help solidify its position in the automaking industry amid the EV transition,” UBS said Thursday.

Fortune

Corporate America’s earnings quality is the worst in three decades

In telling their stories about how the future is bright for stocks, bulls point to solid earnings to justify the optimism. But cracks are forming in that narrative — in the trajectory of profits, and just as worryingly in the makeup of the profits themselves.

Tribune News Service

From analysis to the latest developments in health,
read the most diverse news in one place.

Report: 'Embezzled' Lebanese Cash in Swiss Banks

Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is accused of embezzling, Swiss media reported on Sunday. Salameh, 72, faces investigations related to suspicions of money laundering and illicit enrichment in Lebanon and abroad after he amassed a fortune…

Asharq Al-Awsat

Apple’s latest patent sparks speculation a foldable iPhone may be in the works

In a bid to recover lost ground, CEO Tim Cook may be planning to launch a competitor to the Samsung Galaxy Z Fold4.

Fortune

Credit Suisse posts $1.4B pre-tax loss as woes go on in 4Q

Credit Suisse has reported a pre-tax loss of more than 1.3 billion Swiss francs, or about $1.4 billion, in the fourth quarter of last year

The Independent UK

Australian coal shipment to arrive at Chinese port as unofficial import ban ends

The resumption of trade marks an improvement in relations and comes a day after Australia-China ministerial talks

The Guardian - AU

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Big Tech is making big AI promises in earnings calls as ChatGPT disrupts the industry

Companies like Google and Meta say to expect AI rollouts "very soon," but startups like OpenAI still pose a huge threat.

Fortune

Not just ChatGPT: January boom in AI news heralds big year for bots

ChatGPT isn't the only game in town. It may have just hit a record-breaking 100 million monthly active users in just two months, according to a UBS study, but other artificial intelligence (AI) heavyweights hope to catch up. Chief among them are Google's LaMDA, so clever that an employee was…

France 24

Fed Chair Powell is no Kobe Bryant. He didn’t have ‘Mamba mentality’ in his crucial press conference, UBS says

Jerome Powell has lost some of his focus when it comes to fighting inflation, UBS's chief investment officer said.

Fortune

ChatGPT reaches 100 million users two months after launch

Unprecedented take-up may make AI chatbot the fastest-growing consumer internet app ever, analysts say

The Guardian - US

The A.I. revolution is here: ChatGPT could be the fastest-growing app in history and more than half of traders say it could disrupt investing the most

More than 50% of traders say that A.I. and machine learning will be the most disruptive forces shaping markets over the next three years, according to a new survey.

Fortune

First Thing: Ron DeSantis prepares for 2024 White House run

Florida governor’s moves spur Trump to lash out at him during low-key events over the weekend in New Hampshire and South Carolina. Plus, Sarah Michelle Gellar makes a comeback

The Guardian - UK

Barclays and UBS face questions over Roman Abramovich’s billion-dollar trusts

Exclusive: Leak shows oligarch was a major client of Barclays in Monaco and UBS in Zurich, with at least $940m in assets held at the banks

The Guardian - UK

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ABC News

Supermarket prices surge and there's more inflation to come, warn analysts

Supermarket price increases accelerated over the past three months of 2022, with Woolworths leading the charge, according to research by investment bank UBS.

Bangkok Post

Big C lining up banks for B30bn IPO

Big C Supercenter Plc has picked Bank of America and UBS Group to advise on an initial public offering expected to be worth at least 30 billion baht, according to people with knowledge of the matter.

Birmingham Post

Wales Fast Growth 50 project is going UK-wide

The project which has showcased the fast growing firms in Wales since 1999 is expanding with lists in England, Scotland and Northern Ireland

Tribune News Service

Lender takes over ownership of Dallas’ landmark Galleria mall

Ownership of the landmark Galleria Dallas mall — one of North Texas’ best known shopping meccas — has been transferred to the property’s lenders just days before Christmas.

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The Times of India

UBS cuts 2023 Nifty target by 4% to 18,000 as retail inflows ebb

MUMBAI: Citing fast-ebbing household inflows into equities, whittling down foreign inflows, and rising bank deposit rates, a foreign brokerage sees a 4 per cent downside to the Nifty target at 18,000 points for the next year from the current levels.

Fortune

We ranked the top robo-advisors for 2022

Here are the robo-advisors that made our top 10 list based on commissions, fees, minimum deposits, and customer service offerings.

Fortune

What experts say you need to know about generational wealth

Recent figures show that 70% of wealthy families lose their wealth by the next generation, with 90% losing it the generation after that.

Asharq Al-Awsat

Oil Resumes Slide as Weak Economy Outweighs Supply Risks

Oil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a production cut. Brent crude futures were down 38 cents, or 0.4%, at $75.72 a barrel by…

Fortune

Finance employees see the future of work as hybrid, a study finds

A study by Women in Banking and Finance and the London School of Economics focuses on finance professionals in the U.K.

StockNews.com

3 Dow Stocks to Buy Before 2023

Stocks registered their biggest rally since 2020 yesterday, driven by the October inflation report that showed cooling price pressures. Moreover, the latest job report is raising hopes of a slower pace of rate hikes by the Fed. Therefore, we think it could be the right time for investors to buy…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For November 11, 2022

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Sarah Michelle Gellar

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