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A ‘historic’ result but still a ‘construction site’: Analysts react to blowout UBS earnings

UBS shares rallied to 15-year highs on the back of what analysts branded a “historic” earnings report, though Deutsche Bank said the lender may remain a “construction site” for some time.

Published 31 August 2023
Categorised as Finance News

Student loan interest resumes Sept. 1. What that means for subsidized vs. unsubsidized debt

Interest accrual has been paused on student loans for more than three years. Interest resumes on Sept. 1 and it has big implications for certain types of debt.

Published 31 August 2023
Categorised as Finance News

Stocks making the biggest premarket moves: Dollar General, Salesforce, Palantir and more

These are the stocks posting the largest moves in the premarket.

Published 31 August 2023
Categorised as Finance News

China says drop in trade with the U.S. is ‘a direct consequence of U.S. moves’

China’s ambassador to the U.S., Xie Feng, has blamed U.S. tariffs and export controls for a drop in trade between the two countries.

Published 31 August 2023
Categorised as Finance News

Buy now, pay later firm Klarna cuts losses in first half but falls short of profit

Swedish buy now, pay later firm Klarna reduced losses by roughly 67% in the first half of 2023, as it cut costs dramatically in a bid for profitability.

Published 31 August 2023
Categorised as Finance News

UBS posts $29 billion second-quarter profit in first results since Credit Suisse takeover

UBS on Thursday posted a second-quarter profit of $28.9 billion in its first quarterly earnings since Switzerland’s largest bank completed its takeover of stricken rival Credit Suisse.

Published 31 August 2023
Categorised as Finance News

Op-ed: Why the world needs more oil, not less

If oil vanished today, these and many other vital products and services that use oil or its derivatives would vanish too.

Published 30 August 2023
Categorised as Finance News

Stocks making the biggest moves after hours: Salesforce, Okta, CrowdStrike, Five Below and more

These are the stocks posting the largest moves in extended trading.

Published 30 August 2023
Categorised as Finance News

Apple shares rise as new iPhone speculation ramps up. Here’s what the pros have to say

Pros on CNBC discussed Apple as investors ponder what the company’s next iPhone reveal means for the stock.

Published 30 August 2023
Categorised as Finance News

Stocks making the biggest moves midday: HP, Box, Brown-Forman, Insulet and more

These are the stocks posting the largest moves in midday trading.

Published 30 August 2023
Categorised as Finance News

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