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UBS has just lowered earnings estimates — and raised its S&P 500 target
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World - Financial Times
‘800lb gorilla’: luxury brands battle China’s hit grey-market app
Sales of top brands on DeWu make up estimated 70% of country’s grey market as consumers hunt for lower prices11 hours ago - China -
World - Financial Times
Labour donor to back Tortoise’s proposed purchase of Observer
South African businessman Gary Lubner in talks on taking minority stake in online start-up8 hours ago -
Business - CNBC
Citigroup earnings top estimates, boosted by investment banking
The bank's third-quarter report is scheduled for release before the market open.7 minutes ago -
Business - CNBC
Walgreens says it will close 1,200 stores by 2027, as earnings top estimates
The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.4 minutes ago -
Business - CNBC
We're buying more of a stock that has gone on sale since reporting earnings
The purchase will increase the stock's weighting in our portfolio to 2.75% from 2.58%.23 hours ago -
Politics - NBC News
Harris’ agenda targeting black men comes at ‘just the right time,’ says Democratic lawmaker
Rep. Gabe Amo (D-R.I.) joins Meet the Press NOW to discuss Vice President Harris’ new initiatives targeting Black men voters with voting already underway in key states.15 hours ago -
Business - Financial Times
Expect more emerging market sovereign defaults, says S&P
Countries exiting restructurings have lower ratings than in the past and may struggle to access capitalYesterday -
World - The Guardian
North Korea has accused Seoul of flying drones over its capital – what is going on?
Pyongyang has reacted to an apparent flyover with furious rhetoric, ordering artillery units at its border with South Korea to ‘get fully ready to open fire’. What happened and how worrying is it?. ...Yesterday - North Korea -
Business - Financial Times
Swiss regulator orders UBS to bolster emergency plans
Finma suspends annual approval of bank’s ‘living will’ in light of added risk from Credit Suisse takeover3 hours ago
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Business - MarketWatch
Boeing could raise up to $25 billion in debt or equity over next three years
Boeing Co.’s stock BA rose 0.9% premarket Tuesday, after the aerospace giant, under pressure to boost liquidity, filed a $25 billion shelf registration to offer equity or debt over the next three ...27 minutes ago -
Business - MarketWatch
Uranium and utilities stocks set to soar even higher as Big Tech goes nuclear
Microsoft and other tech giants including Oracle, Amazon.com, Apple and Alphabet need more electricity to energize their AI future.46 minutes ago -
Business - MarketWatch
The U.S. economy’s biggest threat? Ultra-cheap fossil fuels.
As China ramps up its renewable-energy production, the U.S. risks becoming dependent on outdated energy sources.56 minutes ago -
Business - MarketWatch
U.S. companies reassert their dominance of Fortune Global 500 ranks vs. rival China
A dramatic turnaround since 2022 represents both China’s struggles and robust performance from U.S. companies.56 minutes ago - China -
Business - MarketWatch
Johnson & Johnson stock rises on Q3 sales beat and guidance raise
Johnson & Johnson shares rose 0.7% in premarket trades Tuesday after the drugmaker reported better-than-expected third-quarter sales and raised full-year revenue guidance.1 hour ago