UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections

The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit Suisse

Business - MarketWatch - 6 hours ago

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - 6 hours ago

U.S. election won't be an 'uneventful event' for global markets, UBS chief says

Ermotti forecasts "market movements" will take place in the wake of the upcoming U.S. elections, no matter who wins leadership of the world's largest economy.

Business - CNBC - 2 hours ago

The bond market is rarely this volatile outside of a crisis. Blame the U.S. election.

Options that expire soon after the Nov. 5 point to election jitters roiling bonds

Business - MarketWatch - Yesterday

UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - 6 hours ago

TSMC beats forecasts with 54% surge in profits on soaring AI demand

Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms

Business - MarketWatch - October 17

Equinor's Key Profit Measure Lags Forecasts on Lower Oil Prices and Volumes

The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.

Business - The Wall Street Journal - 6 days ago

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.

Business - CNBC - 6 days ago

Extremists inspired by conspiracy theories pose major threat to 2024 elections, U.S. intelligence warns

U.S. intelligence agencies have identified domestic extremists with grievances rooted in election-related conspiracy theories, including beliefs in widespread voter fraud and animosity toward ...

Politics - NBC News - 2 days ago

Kering warns on profit as Gucci sales plunge

French luxury group grapples with turnaround at its biggest brand as demand dips in Asia

Business - Financial Times - 6 days ago

Meet the Election Denier Forecasting a Trump Win in the 2024 Election

Seth Keshel has become a darling among election deniers by factoring widespread voter fraud — the existence of which has been widely debunked — into his election predictions.

Tech - The New York Times - October 15

China holds military drills around Taiwan to warn against independence

China conducted large-scale military drills surrounding Taiwan on Monday, in response to Taiwanese President Lai Ching-te's national day speech that China has no right to represent Taiwan.

China conducts military drills around Taiwan in warning to island’s president

PLA and Chinese coastguard approach Taiwan by sea and air in move linked by state media to ‘separatist’ National Day speech. Chinese military and coastguard personnel surrounded Taiwan’s main ...

World - The Guardian - October 14

Amgen’s stock falls as analyst warns that hype around obesity drug is baked in

Truist analyst Srikripa Devarakonda backs away from bullish call as competition mutes potential for biotech’s drug pipeline.

Business - MarketWatch - October 14

NHS needs better plan around weight loss jabs, warn experts

Experts call for an urgent review of obesity treatment services amid booming demand for weight loss jabs.

U.S. unemployment rate to stay low in 2025, top forecaster says

U.S. economic growth should moderate in 2025 but remain relatively strong, and the unemployment rate will look a little better, Harvard economist Karen Dynan said Tuesday.

Business - MarketWatch - October 15

U.S. Remains Engine of Global Growth in New IMF Forecasts

The International Monetary Fund issued its latest World Economic Outlook report, saying American economic resilience should buoy worldwide growth.

Business - Inc. - 6 days ago

Barbie boom fades at Mattel, but Hot Wheels — and adult collectors — are on an upswing

Mattel Inc. reported mixed third-quarter results, as a drop in demand for Barbie toys weighed on sales overall — but management said it expects a solid holiday season ahead and a toy-centric film ...

Business - MarketWatch - 6 days ago

BP beats forecasts despite seeing 31% drop in profits, to lowest since COVID-19

BP’s profits were hit by lower oil prices and a slump in its refining margins, caused by a slowdown in demand for products including jet fuel, diesel and gasoline

Business - MarketWatch - Yesterday

Standard Chartered lifts income guidance again after beating third-quarter profit forecasts

The lender, which derives most of its revenue from Asia, saw pre-tax profit jump of 37% from the $1.32 billion posted a year ago.

Business - CNBC - 2 hours ago

In Botswana’s Election, Diamond Profits Are a Defining Issue

The party that has governed the country since 1966 could lose power as the economy struggles from a slump in demand for diamonds, which made Botswana an African success story.

World - The New York Times - 21 hours ago

Trump has gained in 538's forecast, but the election is still a toss-up

538's 2024 presidential election forecast shows a very close, toss-up race, with Trump taking a small lead.

Election forecaster moves Nebraska Senate race slightly toward independent challenger

An election forecaster moved Nebraska’s contentious Senate race slightly toward Sen. Deb Fischer’s (R) challenger, Independent candidate Dan Osborn. Sabato's Crystal Ball shifted the Senate contest ...

Politics - The Hill - 5 days ago

35 million Americans have voted early with Election Day around the corner

With 10 days left until Election Day, more than 35 million Americans have participated in early voting. Of those, more than 19 million have voted by mail. In all, nearly 65 million mail-in ballots ...

Candidates turn focus to Black male voters with Election Day around the corner

As Vice President Kamala Harris and former President Trump vie for Black male support, BET's "Black Men's Summit," hosted by D.L. Hughley, features key voices discussing the issues Black men face. ...

McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms

Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.

Business - CNBC - Yesterday

Storm blows away from northern Philippines leaving 65 dead but forecasters warn it may do a U-turn

Tropical storm Trami has blown away from the northwestern Philippines, leaving at least 65 people dead mostly in extensive flooding and landslides

World - ABC News - 5 days ago

China deploys record 125 warplanes in large scale military drill in warning to Taiwan

Taiwan’s Defense Ministry called the drills a provocation.

World - ABC News - October 14

A record-breaking 153 Chinese warplanes flew around Taiwan in war games meant as a warning

World - Yahoo News - October 15

U.S. crude oil prices fall more than 2% after OPEC cuts demand forecast again

Soft demand in China has weighed on the market for months.

Business - CNBC - October 14

Crypto’s ‘Death Star’ election spending has wowed D.C. Will profits follow?

Digital asset companies are the biggest corporate donors in 2024

Business - MarketWatch - 57 minutes ago

Mozambican Opposition Leader Warns of New Election Protests

World - Yahoo News - 2 days ago

Kering Warns on Profit After Sales Slump Due to Gucci Revamp, Asia Woes

The French luxury group posted third-quarter revenue below analysts’ estimates and said it expects operating profit to nearly halve this year.

Business - The Wall Street Journal - 6 days ago

Trump overtakes Harris for first time in Decision Desk HQ/The Hill election forecast

CORRECTION: An earlier version of this story misstated the chances of Harris winning the election in the latest forecast from Decision Deck HQ/The Hill. The correct number is 48 percent. Former ...

Politics - The Hill - October 20

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 takeover

Business - Financial Times - October 15

State Department addresses U.S. warning to Israel over Gaza aid

Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin wrote a letter to Israeli officials warning that humanitarian aid allowed into Gaza must increase or the U.S. ally could risk ...

Wednesday Briefing: U.S. Warns it May Cut Israel’s Military Aid

Plus, an investigation into China’s panda breeding program.

World - The New York Times - October 15

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