UBS raises 2024 forecast for S&P 500 after ‘surge in AI investment’
UBS Group’s global wealth management business has raised its year-end target for the S&P 500 index to 5,200, citing drivers such as surging investment in artificial intelligence.
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on results.
Elliott Hill will replace John Donahoe as chief executive next month, following months of struggles for the athletic-wear giant.
It’s that time again: Investors will see option contracts tied to more than $5 trillion in tradeable stocks expire on...
Mortgage rates inched up even though the Federal Reserve cut interest rates. Experts explain why this is a short-lived phenomenon.
Republican presidential nominee Donald Trump on Wednesday promised to cap interest rates for credit cards, but a veteran analyst predicts...
Fed Chair Jerome Powell emphasized a policy “recalibration.” Investors like the sound of it.