Shares of Carnival Corp. CCL, +2.42% sailed 2.1% higher in afternoon trading Monday, after UBS analyst Robin Farley doubled his price target on the cruise operator, suggesting a further 51% upside is ...
Tag: UBS
UBS AG launches digital bond settled on blockchain and traditional exchanges
Swiss investment bank UBS AG introduced its hybrid digital bond on Nov. 3, claiming to be the world’s first publicly traded bond that’s settled on both blockchain-based and traditional exchanges. Acco...
UBS AG unveils publicly traded digital bond that settles on blockchain
Investment bank UBS AG has introduced its new digital bond, which the bank says is the first-ever to be publicly traded and settled on both blockchain-based and traditional exchanges The digita...
A Three-Game Winning Streak Comes Just In Time For The New York Islanders — And UBS Arena
ELMONT, NEW YORK – OCTOBER 29: Anthony Beauvillier #18 of the New York Islanders celebrates his … [+] third period goal against the Colorado Avalanche at UBS Arena on October 29, 2022 in E...
UBS has released its annual house-price bubble report. Here are the most overvalued markets.
The housing market is in something of its own recession as mortgage rates have surged. If the economist consensus is right about an existing home sales report due later in the morning, then sales will...
UBS Joins Wall Street Chorus Warning of More US Credit Defaults
(Bloomberg) — The odds are rising that corporate borrowers will struggle to repay their debts as the Federal Reserve opts for jumbo interest-rate hikes to combat inflation, according to UBS Grou...
GM, Ford shares tumble after UBS downgrades cite weakening demand
The General Motors world headquarters office is seen at Detroit’s Renaissance Center. Paul Hennessy | LightRocket | Getty Images DETROIT — Shares of General Motors and Ford Motor each tumbled Mo...
Ford, GM and Other Carmakers Face 50% Profit Slump Next Year, UBS Analysts Say
(Bloomberg) — Shares of automakers Ford Motor Co. and General Motors Co. took a beating Monday as outlook for the industry darkened further with at least two Wall Street analysts predicting earn...
UBS’ Solita Marcelli: Why I’m Optimistic About the Market
The financial headlines have been gloomy all year, but Solita Marcelli sees reason for optimism, in part because stock valuations have fallen so far. “Price/earnings multiples are back in line with lo...
Here’s What Goldman to UBS Say About Oil After Big OPEC+ Cut
(Bloomberg) — The OPEC+ alliance agreed to its biggest production cut since the start of the pandemic in Vienna on Wednesday, a move that drew a swift rebuke from the US and prompted Goldman Sac...
European Auto Industry Faces Sliding Sales, But Bigger Hit To Profits
Car sales set to fall. getty European auto manufacturers face a big hit to their businesses as recession looms and inflation eats away at consumer confidence, while threats to world peace also undermi...
UBS claims drivers prefer Uber over Lyft
Lyft (NYSE: LYFT) shares ended the trading day on September 26, down by 3.36% after the investment company UBS downgraded the stock, slashing their estimate by claiming that consumers prefer to use th...
UBS upgrades Eli Lilly declaring LLY is working on ‘the biggest drug ever’
UBS Group (SWX: UBSG), a global financial provider, upgraded Eli Lilly (NYSE: LLY) to buy from neutral on Tuesday, September 20. UBS analyst Navin Jacob updated the price target from the previous $335...
Retired Couple Wins $5.2 Million Award From UBS Over YES Strategy
Two retirees won a $5.2 million arbitration award against UBS , which they accused of misrepresentation, unsuitability, and breach of fiduciary duty with regard to a complex options-trading strategy. ...
Should I buy Cisco shares after a positive view from UBS?
Cisco Systems, Inc. (NASDAQ: CSCO) shares have been advancing last several days, and the technical picture implies that the price could advance above the $50 resistance this month. Cisco is attractive...
Europe’s Energy Crisis Threatens To Decimate Disposal Incomes And Car Sales
Flaming gas burners on household kitchen stove with an exchange graph of the growth in the cost of … [+] natural gas prices getty European disposal income could be trashed by a massive increase ...
UBS Abandons $1.4 Billion Deal for Robo-Adviser Wealthfront
(Bloomberg) — Most Read from Bloomberg UBS Group AG has abandoned its plan to acquire US robo-adviser Wealthfront, unwinding what would have been the Swiss bank’s first major acquisition under C...
UBS, Wealthfront call off $1.4 billion deal
UBS nixed a $1.4 billion deal to buy robo-advisory firm Wealthfront, the companies said. UBS said the two companies mutually agreed to terminate their merger agreement, which they announced in January...
UBS Recall $1.4 Billion Deal to Buy Robo Advisor Wealthfront
The finance UBS group recalls its $1.4 billion deal to buy Wealthfront. The firm mutually terminated its deal on September 2, 2022. The multinational investment bank and finance firm UBS AG Group and ...
UBS warns the U.S. now faces a 60% chance of sinking into a recession
The U.S. Federal Reserve (Fed) has been talking tough and taking an aggressive stance toward inflation with the goal of preventing a recession. During the Covid lockdowns, stimulus moves brought liqui...
Europe Auto Makers Fight Off Crises But Inflation, Recession, Energy Shock Undermine Prospects
Oil barrels on stack of golden coins. Growth rise of oil stock prices. 3d illustration getty The European automotive industry, buffeted by coronavirus lockdowns, worries about peace after Russian inva...
Amazon stock falls again after price target cut by 20% at UBS
Shares of Amazon.com Inc. AMZN, -5.14% slumped 4.8% in afternoon trading Tuesday, adding to Monday’s 2.8% drop, after UBS analyst Lloyd Walmsley cut his stock price target to $167 from $209, cit...
UBS downgrades eBay as the stock loses over 30% YTD
eBay (NASDAQ: EBAY) was one of the original e-commerce companies that allowed consumers and businesses to sell goods online. With the premise of an auction-style website, it enabled people to sell unu...
SHEIN is ‘increasing threat to U.S. specialty retailers,’ UBS says
Chinese fast fashion retailer SHEIN has become the “most downloaded” shopping app in the U.S., according to UBS Evidence Lab’s Global App Monitor, as well as the “most searched...
UBS sees a 50% upside
Tesla Inc (NASDAQ: TSLA) has been a disappointment for shareholders in 2022, but a UBS analyst says shares are now ripe for a sharp recovery. The stock is down close to 40% year-to-date. Patrick Humme...
Ford stock is now a ‘sell’ at UBS as an oversupply problem looms
Shares of Ford Motor Co. were hit hard Monday by UBS analyst Patrick Hummel’s recommendation that investors sell, as the auto industry is facing a worrisome U-turn from undersupply to oversupply. Humm...