Burberry shares sink 9% as luxury spending slowdown bites
LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will…
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will…
UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’
UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one)…
New fund bets big on Eisenhower-era stocks
Investors concerned about the market may want to consider stocks that have stood the test of time — otherwise known…
IRS data reportedly shows Buffett traded Berkshire stocks in personal account, according to ProPublica
Warren Buffett reportedly traded stocks in his personal account that his conglomerate Berkshire Hathaway was buying and selling, a practice…
The IPO market has grown quiet again. Here’s what is behind the shift in sentiment
It’s quiet out there in IPO land — very quiet. This is it: the weeks before Thanksgiving usually bring a…
Why market timing doesn’t work: S&P 500 is up 14% this year, but just 8 days explain the gains
The S&P 500 is up 14% this year, but just eight days that explain most of the gains. If you…
UBS resumes selling the bonds at the heart of Credit Suisse controversy
UBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its…
Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible
Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks…
UBS shares rise 3% as market focuses on strong underlying profit
UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded…
