Finance

UBS beats earnings expectations, announces up to $1 billion share buyback

Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth…

Ken Griffin’s Citadel hedge fund rose 1.9% in January as volatility ramped up

Billionaire investor Ken Griffin’s flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts,…

Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates

Interest rates running at their highest levels in about 23 years are not hurting the economy and could buy policymakers…

Stock market in a ‘very dangerous’ position as jobs and wages run hot, fund manager says

The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the…

Delivery Hero reverses losses to climb 5% after reporting sales growth in line with targets

Delivery Hero shares sank Monday morning, extending losses from last week, as investors reacted to preliminary financial results released by…

Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects

Federal Reserve Chair Jerome Powell vowed in an interview aired Sunday that the central bank will proceed carefully with interest…