UBSG: UBS Sees Profit Shrink by 52% but Gains $28bn of New Money
You can’t have your cake and eat it too, the quarterly report of Swiss megabank UBS just confirmed. UBS reported…
PepsiCo raises annual forecasts on buoyant demand, price hikes
PepsiCo (NASDAQ:PEP) Inc on Tuesday raised its annual sales and profit forecasts after beating first-quarter revenue estimates on the back…
Spotify’s monthly active users top 500 million, beat estimate
(Reuters) – Spotify Technology SA (NYSE:SPOT) has crossed the half billion mark for monthly active users for the first time, helped by…
Oil edges up on China demand hopes, US inventories in focus
(Reuters) – Oil edged higher on Tuesday, on track for a third day of gains, supported by investor optimism that…
Gold rises on softer dollar, markets look beyond Fed rate hikes
Gold prices rose on Tuesday, extending a recovery into a third straight session as the dollar fell amid bets that…
First Republic Bank deposits tumble more than $100 billion as it explores options
(Reuters) -First Republic Bank shares sank more than 20% after the closing bell on Monday as it said deposits plunged…
Nestle beats quarterly sales estimates with price hikes
(Reuters) -Nestle reported slightly better-than-expected first-quarter sales on Tuesday, as the world’s biggest packaged food company increased prices to offset…
Netflix to invest $2.5 billion in South Korea to make TV shows, movies
(Reuters) -Netflix Inc said on Tuesday it will invest $2.5 billion in South Korea over the next four years to…
GM, Samsung SDI to soon unveil plans for EV battery plant in US, sources say
(Reuters) -General Motors Co and Samsung (KS:005930) SDI are set to announce as early as Tuesday the plan to build…
ABB dispels industrial gloom to raise full-year outlook
(Reuters) -ABB Ltd raised its full-year outlook for sales and profit outlook on Tuesday after the Swiss engineering and technology…