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The Latest Breaking News from UBS

Pickleball injuries spike as popularity rises

Medical costs for pickleball-related injuries are expected to reach $250 million to $500 million this year, according to investment banking company UBS.

Chicago Sun-Times

Looking for a new car? Don’t expect prices to drop just yet

Looking for a new car? Don’t expect prices to drop just yet

Electric vehicles have seen price cuts, but so far the trend has stayed within that small segment of the market.

Chicago Sun-Times

Argenx Beats Earnings Expectations As Sales Of 'Megabuster' Drug Grow 260%

Argenx Beats Earnings Expectations As Sales Of 'Megabuster' Drug Grow 260%

Argenx is up around 40% in 2023. On Thursday, the company reported second-quarter revenue ballooning 230% as sales of its lone product ramp up.

Investors Business Daily

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Stock Market Holds Onto Gains In Start To Busy Week; AI Robotics Stock Short-Circuits

The stock market started the week in positive territory as the major indexes posted gains. Chinese retail stock breaks out of a base.

Investors Business Daily

Dow Jones Rises As Fed Meeting, Huge Earnings Loom; Tesla Stock Shrugs Off Downgrade

Futures rose slightly, with a Fed meeting and a slew of earnings on tap this week. UBS downgraded Tesla stock.

Investors Business Daily

Tough Crowd: Nearly 6 Million Q2 Subscription Adds Not Enough For Unhappy Netflix Investors, Stock Craters

Netflix stock was down over 9% during Thursday Nasdaq trading

Broadcasting & Cable

Big Subscriber Growth Can't Keep Netflix Stock From Tumbling 8% On Disappointing Sales

Netflix stock dropped after the streaming video leader missed expectations for second-quarter revenue and with its sales forecast.

Investors Business Daily

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Big growth plans for the world’s smallest gelateria

‘The first 500 machines delivered from China were built upside down’

Evening Standard

Stocks Fall Back as Inflation Expectations Climb

Stocks Fall Back as Inflation Expectations Climb

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.04%. Stocks Friday initially moved higher, with the S&P 500...

Stocks Mixed After Positive Q2 Bank Earnings

Stocks Mixed After Positive Q2 Bank Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.42%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.11%. Stocks today are mixed this afternoon. Earlier this morning...

Stocks Post Moderate Gains on Positive Q2 Bank Earnings

Stocks Post Moderate Gains on Positive Q2 Bank Earnings

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.45%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.91%. Stocks today extended this week’s rally, with the S&P...

Markets Today: Stocks Push Higher as Positive Q2 Bank Earnings Roll In

Markets Today: Stocks Push Higher as Positive Q2 Bank Earnings Roll In

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.17% at a 15-month high, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.06%. U.S. stock index futures this morning are moving higher as Q2 corporate earnings results begin to roll in. Strength in bank...

Stock Index Futures Move Lower as Investors Cautiously Await U.S. Big Bank Earnings

Stock Index Futures Move Lower as Investors Cautiously Await U.S. Big Bank Earnings

September S&P 500 futures (ESU23) are down -0.08%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.06% this morning after three major U.S. benchmark indices closed higher on Thursday as economic data provided more evidence that inflationary pressures were subsiding, while market participants braced for earnings from big U.S.…

Stock Index Futures Mixed as Investors Cautiously Await U.S. Big Bank Earnings

Stock Index Futures Mixed as Investors Cautiously Await U.S. Big Bank Earnings

September S&P 500 futures (ESU23) are up +0.05%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.07% this morning after three major U.S. benchmark indices closed higher on Thursday as economic data provided more evidence that inflationary pressures were subsiding, while market participants braced for earnings from big U.S.…

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Investors Business Daily

Dow Jones Rallies 300 Points On Cool CPI Inflation Data; Netflix Climbs On Price Target Hike

The Dow Jones rallied 300 points Wednesday on cool inflation data, with the release of the CPI. Netflix stock climbed on a price-target hike.

Swiss Taxpayers Spared From Funding UBS’ Rescue Of Credit Suisse

UBS to handle potential losses of CHF 5 billion, Swiss government to cover next CHF 9 billion.

Pickleball: obscure sport ‘will be bigger than golf in 5 years’

A cross between tennis, badminton and table tennis, pickleball has surged in popularity with the over 65s in the United States – and could soon be seen across the UK.

The Guardian - UK

UBS ‘preparing to cut more than half of inherited Credit Suisse workforce’

Between 30,000 and 35,000 staff likely to leave combined group this year, according to report

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Alphabet's downgrade double-whammy

In a downgrade double-whammy, UBS AG and Bernstein both warned that generative A.I. represents a near-term threat to Google search ad revenue and its profit margins.

UBS to cut 35,000 jobs after Credit Suisse rescue

GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.

Pickleball has been a lifeline for seniors, but the sport’s injuries may cost Americans nearly $400 million this year

The outlet for seniors may also be contributing to more injury-related health care costs.

Morgan Stanley says commercial real estate will crash harder than during the Great Financial Crisis. Here’s how 5 other top institutions see it playing out

There’s one thing they can all agree on: Office properties are in trouble.

Stocks Mixed on Geopolitical Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.11%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up -0.86%. U.S. stocks are mixed today as chip stocks buoy...

Stocks Higher Despite Russian Geopolitical Concerns

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.46%. U.S. stocks are mildly higher today as chip stocks...

Investors Business Daily

Stock Market Closes Mixed As Small Caps Led The Day; Swiss Shoe Company Jumps

On Holding stock showed strong action on Monday and retook a key level.

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