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Russia got richer even as the war in Ukraine raged on last year, while the West shed trillions of dollars of wealth

Thu, 12/21/2023 - 01:58

Tech Insider : Economy, Politics, Economy

St. Basil's Cathedral in Moscow, Russia. — The number of Russian millionaires rose by about 56,000 last year, a new report by UBS indicated.
Poca Wander/Getty Images

economy, Markets, politics, economy, Markets, Stocks, Russia

Meet Shein's typical shopper: The fast-fashion retailer attracts older and more environmentally conscious consumers than you might think

Mon, 12/18/2023 - 13:18

Chiara Verzella and Giulia Izzo pose in Shein clothes in front of a branded step and repeat. — Influencers Chiara Verzella and Giulia Izzo attend a Shein fashion show in Ibiza, Spain. Shein is valued at $66 billion, and it generated $23 billion in revenue last year.
Xavi Torrent/Getty

Retail, Shein, fast-fashion, ubs, ubs-securities, Fashion, Retail

UBS sold a Credit Suisse private jet that was used by its ex-chair to fly to Wimbledon and the Euros, breaking COVID rules — and the Maldives for a family vacation

Mon, 12/04/2023 - 06:08

Dassault's Falcon 7X jet is moved on the tarmac on June 12, 2015 three days before the opening of the International Paris Airshow at Le Bourget. — A Dassault Falcon 7X.
ERIC PIERMONT/AFP via Getty Images

finance, ubs, credit-suisse, private-jets, Banks, Dassault, falcon-7x

The US economy may be reliving the 'roaring '20s' – and that means growth, inflation, and rates will all stay high, UBS says

Fri, 11/10/2023 - 05:14

Tech Insider : Economy, Economy

People walk in front of the UBS building in Manhattan on June 5, 2023 in New York City. — The US economy could be set for another "roaring '20s," according to UBS.
Eduardo Munoz Alvarez/Getty Images

economy, Markets, economy, Markets, ubs, Stocks, stock-market-analysis

Favor bonds over stocks – with 10-year Treasurys set to shake off the market meltdown and deliver double-digit returns, UBS says

Mon, 10/16/2023 - 06:59

bond trader — Investors should load up on bonds rather than stocks, according to UBS.
Scott Olson/Getty Images

Markets, mi-exclusive, Markets, Bonds, Stocks, stock-market-analysis, stock-market-outlook

Start snapping up AI leaders again because tech stocks' slump has made them undervalued, UBS says

Fri, 09/29/2023 - 05:13

Nasdaq — Tech stocks' struggles over the past two months have created a buying opportunity for investors, according to UBS.
Getty Images

Markets, mi-exclusive, Markets, Stocks, tech-stocks, chat-gpt, AI

Real-estate bubble risks are dwindling across the world with higher interest rates taking froth out the market, UBS says

Thu, 09/28/2023 - 05:31

Tech Insider : Economy, Economy

united arab emirates dubai keep calm housing bubble — An advertising sign for a real estate company reading "Keep Calm There's no Bubble" is seen on a building in the Marina district of Dubai November 19, 2013.
REUTERS/Caren Firouz

economy, Markets, economy, Markets, real-estate, Inflation, interest-rates

Wall Street analysts tore down a Chinese Tesla rival and say it's exactly why Elon Musk should be worried about China

Tue, 09/12/2023 - 12:47

A futuristic, silver sedan drives down a road in front of green trees. — The BYD Seal.
BYD

Transportation, Transportation, tesla, byd-company, ubs, model-3, electric-vehicles

UBS made a $29 billion quarterly profit after rescuing Credit Suisse

Fri, 09/01/2023 - 06:12

UBS — UBS is based in Zurich, Switzerland.
Fabrice Coffrini/AFP/Getty Images

Markets, mi-exclusive, Markets, credit-suisse, ubs, Bank, Mergers

UBS to cut 3,000 jobs in Switzerland after Credit Suisse takeover

Thu, 08/31/2023 - 05:11

UBS — UBS is cutting jobs.
FABRICE COFFRINI/AFP via Getty Images

finance, News, ubs, credit-suisse, trending-uk, Banking, finance

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