Tax policy, inflation, the economy and markets will be some key issues for corporate America and Wall Street in tonight’s showdown between President Biden and Donald Trump. Economy, inflation and the fitness of both President Biden and Donald Trump will be in focus during tonight’s presidential debate.Jim Wilson/The New York Times Talking points All eyes … Read more
UBS Global Research raised its year-end target for the benchmark S&P 500 index to 5,600 points, marking the highest forecast among major brokerages.
Fact: UBS currently pays around 18.5 percent on its profits in Switzerland, derived from a mixed calculation of cantonal rates, with Zurich at 19.61 percent and Basel-Stadt at 13.04 percent.
European stock pickers are turning to more established sectors like utilities, professional data providers, and copper miners to tap into the next wave of the AI boom.
Fact: Billionaire families in the US and Southeast Asia consider higher taxes as the biggest risk over the next five years, according to a UBS Group AG survey of family offices.
The Bank of England is expected to start bringing down interest rates in August, with a majority of economists predicting a rate cut next month.
Global financial companies are falling behind on monitoring and archiving business-related communications using personal messaging apps, potentially risking regulatory breaches and fines. The Annual Compliance Health Check by SteelEye found that 63% of compliance executives were not monitoring staff usage of WhatsApp for compliance purposes. US regulators have cracked down on business-related text messages over personal messaging platforms, leading to fines exceeding billion for compliance failures.
UBS announced a new share buyback program of up to billion, with up to half to be completed in 2024.