Author: franperez66q@protonmail.com

UBS reported a profit rise in its second-quarter earnings Wednesday, as CEO Sergio Ermotti warned that geopolitical volatility could create fresh headwinds up ahead.The Swiss banking and wealth management giant’s net profit attributable to shareholders came in at $2.8 billion for the three-month period, in line with forecasts by analysts in an LSEG-compiled consensus poll. Pre-tax profits reached $3.6 billion in the three-month period, up 64% year-on-year. Speaking with CNBC’s “Squawk Box Europe,” Ermotti highlighted strong momentum across the business during the second quarter, with a “very good” pipeline in investment banking, M&A and capital markets, and positive results across…

Gucci beat sparks Kering rally as luxury rivals fail to impress Source link

Other former execs went to prison The main settlement with eBay and former executives did not have any confidentiality restrictions, and it required eBay to “issue a strongly-worded public statement regarding the conduct” of the executives “and the culture of the company in 2019,” the Steiners’ law firm said. eBay issued that statement today, saying that “what the Steiners were subjected to by former eBay employees in 2019 was wrong, reprehensible and should never have happened. We condemn, in the strongest terms possible, the employees who perpetrated and pled guilty to criminal charges for the misconduct against Ina and David…

EDP Renovaveis posts EBITDA and earnings beat in 1H26 results Source link

South Korean Finance Minister Koo Yun-cheol said on Tuesday he would try to derive a mutually beneficial trade agreement with the United States. Bloomberg | Bloomberg | Getty ImagesSouth Korea’s finance minister apologized on Wednesday after retail investors racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year. The May 27 introduction of single-stock leveraged Exchange Traded Funds has seen Korean retail investors pile in with net purchases of 14 trillion won ($9.7 billion), compared with roughly 2 trillion won by foreign investors, according to KB Financial Group.But the speculative trading boom that helped fuel…

Analysts react to steep rout in South Korea stocks Source link

Last week’s unprecedented security event in which two OpenAI security hacking models trespassed into the network of fellow AI company Hugging Face was enabled by exploiting one or more zero-day vulnerabilities in Artifactory, JFrog, the product’s developer, said Monday. In an incident mimicking a dystopian sci-fi novel, two OpenAI models broke out of the restricted environment meant to keep them from accessing the Internet during an internal test, the AI company revealed last week. The models went on to breach Hugging Face’s network and steal confidential information and credentials. OpenAI said its agent achieved the feat by exploiting a previously…

Crowds in Trafalgar Square during a rally to promote war bonds in December, 1917.Topical Press Agency | Hulton Archive | Getty ImagesThis report is from this week’s CNBC UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchIn 1914, the United Kingdom was one of the world’s wealthiest countries, but by the end of the year it still needed to finance the war it had been fighting with Germany and its allies since August.The solution was to borrow from investors via a so-called “war loan,” offering a coupon of 3.5%, repayable between 1925 and 1928.Evidence unearthed by Norma Cohen,…

Rescuers in Japan haul survivors from collapsed mall as earthquake toll rises to 13 Source link

CNBC’s Jim Cramer on Tuesday urged investors to resist getting greedy when stocks go parabolic.”Instead, I say go for the stairstep stocks. They won’t seem to make you as money as fast as a stock running parabolic, but notice the word seem,” the “Mad Money” host said. ” Remember, you don’t make money until you sell and the vast majority of people who are in a parabola never let go.”A parabolic move occurs when a stock’s gains accelerate rapidly, often after a strong catalyst draws in momentum investors and pushes shares sharply higher. While those rallies can generate outsized returns,…