The Latest Breaking News from UBS

Newly-minted billionaires accumulated more wealth from inheritance than from entrepreneurship over the past year, UBS finds.

The UBS report revealed that many young tycoons are amassing wealth predominantly through inheritance rather than through their own entrepreneurial endeavours.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.13%. Stocks on Tuesday posted moderate gains, with the Dow...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.56%. Stocks this morning are moderately higher, with the S&P...

Goldman Sachs's Jan Hatzius and David Kostin outlined during a roundtable why their firm is so optimistic about 2024.

"The bottom line: Something is afoot with the US economy," wrote UBS's Jason Draho.

The U.K.-based firm, which says it uses blockchain tech to speed up financial transactions, has now raised a total of almost $163 million.

Fund investors saw a lot of red ink on their statements in October from the stock market.

China has opened a significant lead as the world’s biggest maker of electric vehicles (EVs). Chinese EV brands account for about half of all EVs sold globally. Chinese EV makes have succeeded in taking domestic market share from former leaders, such as Volkswagen, and China’s BYD Co (BYDDY ) is...