The Latest Breaking News from UBS

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

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.16%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.26%. Stock index futures this morning are mildly lower on some position squaring ahead of comments later today from Fed Chair Powell that may provide clues as to...

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...

Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue deal