Articles

UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections

The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit Suisse

Global gold demand tops $100 billion for first time ever in third quarter

Global gold demand climbed to a third-quarter record high, with the value of demand for the precious metal topping $100 billion for the first time ever, according to a report from the World Gold Council released Wednesday.

AMD could still be a sleeper against Nvidia, but Wall Street isn’t yet convinced

Advanced Micro Devices Inc. executives made some bold statements about the company’s underdog AI accelerator chip Tuesday, and said it is ready to take the spoils from rival Nvidia Corp.

Kaboom! Elon Musk predicts ‘hardship,’ economic turmoil and a stock market crash if Trump wins.

Musk’s agenda is like your new family doctor promising a major dose of brutal chemotherapy when you are perfectly healthy and cancer-free.

Elon Musk’s xAI startup said to eye funding round, valuing the company at this much

xAI is in talks with investors for a funding round, the Wall Street Journal reported.

Reddit’s stock soars after social-media platform turns a profit, beats Q3 sales and earnings estimates

Reddit said Tuesday that it turned a profit in its third quarter — a first for the social-media platform since becoming a public company earlier this year.

Looking for a job on LinkedIn? AI could be reading your profile — and recommending it to recruiters.

The professional networking site is debuting a new AI-powered hiring tool that can sort, rank and message potential candidates for recruiters.

Snap shares rise after results come in better than expected

Shares of Snap Inc. rose after hours on Tuesday after the social-media platform reported third-quarter results that beat expectations and said its board authorized a stock buyback of up to $500 million.

Visa gets a boost from higher payment volumes and transactions

Shares of Visa Inc. rise more than 2% in the extended session Tuesday as company sees “stable growth” across its business.

Chipotle sales trends come up short, and stock falls

Shares of Chipotle Mexican Grill Inc. fell after hours on Tuesday after the Mexican fast-casual chain reported quarterly sales trends that were a bit weaker than expected.

Here’s a sign that profit growth for America’s biggest companies might be about to take off

Corporate executives are dropping hints that the pace of profit growth could be poised to take off in 2025, according to a team of analysts at Bank of America Global Research.

7% mortgage rates are a warning about who will win the election, economist says

Mark Zandi of Moody’s Analytics says rising mortgage rates offer clues about how investors are considering the postelection future of the U.S. economy
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