Markets

UBS chair says Swiss banking giant is not ‘too big to fail’

[ad_1] Fabrice Coffrini | Afp | Getty Images UBS Group Chairman Colm Kelleher on Wednesday said that the Swiss bank is “not too big to fail,” as he criticized Swiss government proposals to strengthen its capital requirements. Kelleher was delivering a speech during the UBS Annual General Meeting — the first such gathering held since …

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Regional bank earnings may expose critical weaknesses, former FDIC Chair Sheila Bair warns

[ad_1] Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m worried about a handful of them,” Bair told CNBC’s “Fast Money” on Tuesday. “I think some of them are still overly reliant on industry …

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Trump Media shares close down more than 14%, company says Truth Social to launch TV streaming

[ad_1] Jonathan Raa | Nurphoto | Getty Images The price of Trump Media shares closed trading more than 14% lower Tuesday, hours after after the company announced its Truth Social platform is moving to launch a live TV streaming platform. The sharp fall of DJT shares came after they ended trading Monday on the Nasdaq …

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Stock futures are little changed after Dow’s sixth straight losing day: Live updates

[ad_1] U.S. stock futures were marginally lower Tuesday morning after a losing day for the major benchmarks. Dow Jones Industrial Average futures inched lower by 51 points, or 0.13%. S&P 500 futures and Nasdaq 100 futures were down 0.1% and 0.04%. Wall Street is coming off a choppy day for the major benchmarks. The 30-stock …

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Oil prices fall more than 1% after Israel fends off large-scale aerial attack by Iran

[ad_1] Oil storage drums stacked in the Keihin industrial area of Kawasaki, Kanagawa Prefecture, Japan, on Monday, April 15, 2024.  Toru Hanai | Bloomberg | Getty Images U.S. crude oil futures were lower Monday as traders breathed a sigh of relief after Israel fended off a large-scale air assault by Iran and the U.S. emphasized …

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Asia-Pacific markets fall as Israel-Iran tensions spike; spotlight on oil, gold and bitcoin

[ad_1] Employees work in the trading room inside the Mitsubishi UFJ Trust and Banking head office in Tokyo, Japan, on Tuesday, March 19, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets slipped Monday as traders weighed the impact of Iran’s massive drone and missile attacks on Israel over the weekend, with focus also on …

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Off-price retail is poised to keep taking market share. Why is TJX’s stock stuck?

[ad_1] Off-price is not going off-trend anytime soon. That might not be clear based on recent trading in TJX Companies’ stock. Club holding TJX Companies and rival Ross Stores are well-positioned to keep stealing market share from other retailers, particularly department stores, UBS said in a recent note, keeping a years-long trend in the industry …

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JPMorgan sees AI-enabled iPhones creating a 5G-like upgrade cycle. What a boom like that would mean for Apple stock

[ad_1] What will it take to get Apple stock and iPhone sales out of their slumps? Wall Street analysts and the Club see artificial intelligence as a key driver of investor enthusiasm and the next upgrade cycle. JPMorgan said in a note Thursday that an expected AI-enabled iPhone will create strong demand similar to what was …

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Israel says 300 Iranian drones and missiles downed in ‘unprecedented’ overnight attack

[ad_1] Iranians are waving Iranian flags and a Palestinian flag as they celebrate Iran’s IRGC UAV and missile attack against Israel on April 14, 2024. Nurphoto | Nurphoto | Getty Images Iran rained a deluge of drones and missiles on Israel on Saturday night in response to a suspected Israeli strike that killed top Iranian …

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Stock futures are little changed as Wall Street awaits bank earnings: Live updates

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) on April 10, 2024 in New York City. As new inflation data released today showed a continued rise, stocks fell across the board with the Dow falling over 400 points.  Spencer Platt | Getty Images U.S. stock futures flickered near the flatline …

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