UBS
Gold price, silver rate today: Why is gold rate down on Tuesday? Check latest bullion outlook
Gold price prediction: The decline in crude prices has eased some inflation concerns, although movements in the dollar and global bullion markets continue to influence gold's near-term direction.
Wall Street brokerages call AI stock selloff overdone, see buying opportunity in tech stocks
Wall Street brokerages Morgan Stanley, UBS and HSBC consider the recent AI stock selloff excessive, maintaining confidence in long-term investment prospects. Analysts expect Nvidia earnings, Anthropic's potential IPO and continued data centre spending to drive market sentiment, viewing regulatory concerns as unlikely to derail the broader artificial intelligence investment cycle.
Global Market Today: Asian stocks rally after US tech surge, oil slump
South Korea’s Kospi Index jumped more than 5% in early trading while Japan’s Nikkei 225 rose nearly 3%. A broader gauge of Asian shares advanced 1.5% while futures for US benchmarks edged higher.
US stocks: Dow rockets 1,100 points, S&P over 2% as oil slide cools inflation worries; Nvidia slumps
US stocks experienced a notable upswing on Monday following a decline in oil prices that calmed inflation worries and propelled market growth. The S&P 500 rebounded significantly after the midterm elections, with gains in nine sector indexes. Nvidia's shares fell amid uncertainty over CEO Jensen Huang's future. Analysts argue the stock market's prior drop was exaggerated, with investors now keenly awaiting inflation reports to gauge Federal Reserve responses.
Wall St brokerages say AI selloff overdone, downplay Democrat regulation risks
Wall Street brokerages including Morgan Stanley and UBS called last week's rout in the AI trade overdone, arguing that the risks of extreme regulation of data center developments under a Democrat-controlled Congress are unlikely to play out.
US stocks: Dow Jones rallies 500 points, Nasdaq over 2% as chip stocks rebound; Nvidia probe weighs
Wall Street's indexes climbed as investors honed in on Nvidia CEO Jensen Huang's investigation and awaited crucial inflation data. Nvidia's shares faced declines due to worries over foreign intelligence, yet analysts proposed that the sell-off in AI stocks was potentially overblown. Tech giants like Microsoft and Alphabet, along with chip manufacturers such as Marvell and Broadcom, enjoyed substantial gains.
UBS CEO says AI investors had been pricing for 'perfection' until sector's sharp correction
UBS Chief Executive Sergio Ermotti commented on the recent downturn in AI stocks, attributing it to unrealistic expectations. He expressed optimism about the economic potential of AI, but cautioned that the timeline for advancements may be overstated. Recent US midterm elections raised concerns about stricter regulations impacting the AI sector's growth.
Gold price prediction: Gold rate falls amidst big movement in oil price, inflation, check experts' opinions
Gold rate on Friday took a hit after pivotal factors like oil prices and inflation have impact on the bullion.
Yuan set for first weekly loss in six weeks as equity rout dents sentiment
China’s yuan headed for its first weekly decline in six weeks as weaker PBOC guidance and a sharp equity selloff hurt sentiment. While the central bank appears wary of rapid appreciation, seasonal exporter conversions could support the currency toward year-end.
New York woman wanted American children to experience Diwali. How a mother's rangoli kits became a funded business
Indian American businesswoman Akriti Babaria established Kulture Khazana to enhance the visibility of Diwali and Indian cultural customs in the US. What started as an idea at a kitchen table has expanded into a toy brand serving more than 45,000 families, schools, and organizations, familiarizing American children with Indian festivals via books, rangoli kits, puzzles, and crafts.
AI, data-center stocks slip as Democratic sweep clouds expansion plans
Stocks related to AI and data centers are facing a slump in premarket trading as Democrats secure significant wins in the US midterm elections. Investors are wary as possible regulatory changes from Congress loom, jeopardizing the industry's growth prospects. Analysts highlight that many anticipated data center capacity expansions could be at risk due to halts in construction.
Global Market Today: Asian stocks rise as oil slides after US midterm elections
Benchmark indexes rose in Japan and Australia, pushing the MSCI Asia Pacific Index up by 0.3%. That was after the S&P 500 Index jumped 1.6%, its biggest gain in three months, and the tech-heavy Nasdaq 100 climbed 0.9%. South Korea was the outlier, with the Kospi Index dropping 2.7%, reflecting investor concerns over the future of data-center development and losses in US chip stocks.
US stocks today: Technology stocks lift S&P 500 as US midterm vote keeps investors on edge
US stocks rise as technology shares lead gains in the S&P 500 during the US midterm elections. Investors track the potential impact of the vote on markets while assessing concerns over artificial intelligence spending. Apple falls after a disappointing outlook, while Palantir declines and Fiserv rallies following its earnings beat.
Europe stocks slip on AI concerns, escalating Iran tensions
Asian tech benchmarks came under pressure earlier in the day as investors reassessed the sustainability of the AI-driven rally following disappointing results from major US hyperscalers in the previous week, raising concerns that the sector has become overvalued globally.
Over 30 billionaires have one trait in common: Indian American entrepreneur who once taught Bill Gates tennis shares the one habit Microsoft co-founder shares with ultra-successful people
Sharran Srivatsaa, the CEO of Acquisition.com, once taught Bill Gates tennis. During their interactions, Sharran was taken aback by how curious the billionaire was and how frequently he asked questions. In a recent interview, the entrepreneur said that many extremely successful people have one trait in common - being curious.
UB expects Q3 profit growth to moderate on rising costs
United Breweries expects slower profit growth this quarter as raw material costs and marketing expenses increase. Regulatory delays are inhibiting price increases for nearly 30% of their operations, particularly in southern states. The company forecasts gross margins to decline slightly from the previous quarter's figures. United Breweries is prioritizing profitability over market share in specific regions amid intensified competition.
Global Market: UBS Q3 profit rises 8% to $2.69 billion, accelerates buyback plan
ETMutualFunds identifies Axis, SBI, Kotak and Nippon India small-cap funds using parameters such as rolling returns, consistency, downside risk, outperformance and asset size. These schemes offer strong long-term return potential but are suitable mainly for aggressive investors with a high risk appetite.
UBS says it does not permit the use of external AI models for client transactions
Concerns that sophisticated AI agents could harm the financial system have risen within the banking industry. Major US banks have been blocking third-party AI agents' access to customer accounts, people familiar with the matter have said.
Big Tech’s AI push faces a $1 trillion profit test, says UBS
UBS Global Research indicates that major cloud companies must generate an additional $1 trillion in operating profits by 2031. They are expected to invest $7.7 trillion between 2026 and 2030 to achieve these returns. A decline in returns on invested capital is anticipated as AI infrastructure dominates investments. The largest firms face challenges in securing electricity for expanding data centres.
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