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The Latest Breaking News from UBS

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

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

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

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.

ABC News

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.

Bangkok 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

Birmingham Post

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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.

Tribune News Service

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.

The Times of India

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.

Fortune

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…

Asharq Al-Awsat

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.

Fortune

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…

StockNews.com

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Benzinga

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

Upgrades

The Independent UK

Judge throws out claim watch tycoon ‘cheated’ brother out of inheritance

Marcus Margulies faced allegations that he had concealed funds from a “secret” trust held in a Swiss bank account.

StockNews.com

3 Stocks Wall Street Loves

Amid the ongoing macroeconomic and geopolitical issues, the stock market has faced wild swings this year. As the sky-high inflation and the Fed’s aggressive rate hikes continue to heighten recessionary fears, Wall Street darlings Microsoft (MSFT), Pfizer (PFE), and Coca-Cola (KO), which have a solid dividend-paying record, might be ideal…

StockNews.com

2 Stocks You Can Always Turn to When Markets Get Crazy

With the macroeconomic headwinds putting pressure on business margins, the market volatility is not expected to ease anytime soon. With the midterm elections adding to the unpredictability, investors would be best served by seeking refuge in geographically diversified and robust businesses, Microsoft (MSFT) and Walmart (WMT). These stocks promise consistent…

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StockNews.com

The Calm Before the NEXT Stock Storm

On the surface stocks just seem to be trading calmly in a trading range. Under the surface things are setting up for continuation of the bear market which is why UBS now predicts market bottom around 3,200 for the S&P 500 (SPY). Get 40 year investment veteran, Steve Reitmeister’s, updated…

Reuters

German officials search UBS branches linked to Russian oligarch Usmanov

German officials have searched UBS bank branches in Frankfurt and Munich as part of an investigation into suspected money-laundering by a Russian oligarch Alisher Usmanov.

Evening Standard

The fight goes on to clear the scapegoat of the Libor scandal

City Voices: Veteran traders have nothing but sympathy for Tom Hayes

StockNews.com

The 3 Best Stocks to Buy When Wall Street Is Fearful

In line with most expectations, the Fed has announced its fourth consecutive 75 bps interest rate hike today. However, since analysts don't expect the stock market volatility to ease in the near term, it could be safe to invest in fundamentally strong and high-quality stocks Microsoft (MSFT), Sprouts Farmers Market…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For October 31, 2022

Upgrades

StockNews.com

1 Cash-Rich Stock You Can Buy Now and Hold Forever

Tech giant Microsoft (MSFT) delivered better-than-expected first-quarter results and is well-positioned to drive profitability and free cash flow in the upcoming quarters. The company’s strong cash position allows it to pay dividends at an increasing rate, ensuring a steady income stream. Hence, we think it could be wise to buy…

The Guardian - UK

US court drops Libor rate-rigging charges against ex-UBS trader

Judge dismisses case against British former trader Tom Hayes, who was jailed over interest rate scandal

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