Despite record-breaking EV sales in China and Norway, global oil demand remains strong. While China’s EV market surges, its oil demand continues to grow modestly, but India is emerging as the primary driver of global […]
Analysts at Wall Street bank UBS estimate that hurricane Francine may have disrupted up to 1.5 million barrels of U.S. crude production. The Weather Channel expects Hurricane Francine to “continue to weaken as it tracks […]
By Wolf Richter for WOLF STREET. It goes something like this: In 2006, an investment fund managed by a division of UBS bought a 925,000-square-foot office tower, dating from the 1960s, at 135 West 50th Street in Manhattan […]
Various environmental, social and governance (ESG)-related funds from Abrdn, Morgan Stanley and UBS have recently been renamed to omit sustainability-related phrases. In addition, according to data from Morningstar Direct cited by the FT, launches of environmental, social and […]
With AI among the few things to truly captivate investors this year, more executives, from those at Nvidia Corp. to Walmart Inc. WMT to Stitch Fix Inc. SFIX , are talking up ways to harness the technology. One abbreviation they’re […]
Over 2,000 stores across all retail sectors have closed in the past 12 months according to a recent report from UBS retail analyst Michael Lasser (available to pro subs in the usual place), and that […]
By Andrew Ross Sorkin, Michael J. de la Merced and Maureen Farrell Andrew Ross Sorkin, Michael de la Merced and Maureen Farrell cover global finance from New York and London. UBS has agreed to buy Credit Suisse, its beleaguered […]
BlackRock was downgraded by UBS analyst Brennan Hawken last week over the asset management company’s adherence to the environmental, social, and governance movement, also known as ESG. As several conservative state officials continue to pull hundreds of […]
Texas has blacklisted BlackRock Inc., BNP Paribas, UBS Group AG and other financial companies for allegedly boycotting the fossil-fuel industry, a move that could lead state pensions and other public entities to sell their shareholdings in those companies. Texas Comptroller […]
While the stock market and bond markets have crashed over the last two months, the dollar has gone from strength to strength thanks to its status as a global safe haven. The U.S. dollar and […]
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