Strong earnings, macro conditions propel stocks up
The Morgan Stanley headquarters in New York, US, on Wednesday, Dec. 27, 2023. Angus Mordant | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international …
UBS Group AG
OpenAI gets $4 billion revolving credit line on top of latest funding
OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news on Wednesday that OpenAI closed its …
Microsoft AI bet shows up in finance leases that haven’t yet commenced
Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Microsoft will invest $1.7 billion to build out cloud computing …
Moving past sticky core inflation
Prices are displayed in a store window in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from …
Investors expecting an aggressive Fed cut are getting too ‘ahead of the curve,’ UBS CEO says
UBS CEO Sergio Ermotti on Tuesday, May 7, 2024. Bloomberg | Bloomberg | Getty Images The CEO of Swiss banking giant UBS said Thursday that the fight against inflation isn’t …
UBS’ Ermotti may have pulled off deal of the decade with Credit Suisse rescue
UBS CEO Sergio Ermotti on Tuesday, May 7, 2024. Bloomberg | Bloomberg | Getty Images After an intense weekend of negotiations in March 2023, Swiss banking giant UBS agreed to …
Volatility spike was a ‘huge overreaction,’ but more could be ahead, strategist says
August has been a choppy month for markets, with uncertainty over the health of the global economy sparking a jump in volatility. At the start of the month, a weaker-than-expected …
Goldman Sachs jumps into bitcoin ETFs while Morgan Stanley retreats
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to …
UK inflation data, US CPI and earnings
The New Oxford Circus crossing in London. Loop Images | Universal Images Group | Getty Images LONDON — European stocks closed higher Wednesday as investors in the region assessed key …
UBS second-quarter earnings 2024
General view of the UBS building in Manhattan, New York City, on June 5, 2023. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images Swiss banking giant …