Wall Street

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost…

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…

Berkshire Hathaway posts a 40% jump in operating earnings, cash pile swells to a record $157 billion

Berkshire Hathaway on Saturday reported a big jump in third-quarter operating earnings, while sitting on a record amount of cash…