UBS posts first quarterly loss in six years
UBS posted its first quarterly loss in almost six years, as the ongoing absorption of Credit Suisse drags on the Swiss lender's performance. The Zurich-based bank said it had a net loss of $785 million for the three months to September, ...
WeWork prepares to file for Chapter 11 bankruptcy
WeWork Inc. is preparing to file for bankruptcy as soon as next week, according to people with knowledge of the matter.
Tesla valuation falls $145 billion on low demand
Tesla Inc. shares have dropped roughly 20% since the company reported third-quarter results less than two weeks ago, amid growing concerns that demand for electric cars is starting to weaken.
Tech giants expected to deliver huge growth numbers
With the list of stock-market worries growing seemingly by the day, investors looking to earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech. Names including Amazon, Google and Microsoft all repo...
Novo Nordisk halts successful Ozempic trial
Novo Nordisk is halting a study which looked at the impact of its blockbuster Ozempic drug on kidney failure after it showed effectiveness surprisingly early.
Tesla misses third quarter delivery expectations
Tesla shipped 435,059 cars globally in the third quarter, as factory downtime led to its first delivery decline in more than a year. The results, posted Monday, missed expectations, causing the stock to dip 2%.
Sunak losing would be best for UK, investors say
A Labour-led government after the next UK election would be the best result for stocks and the pound, according to a new Bloomberg survey that shows the ruling Conservatives have failed to win back the faith of global investors a year af...
Instacart shares surge 43% on IPO
Online grocery delivery business Instacart jumped as much as 43% in its trading debut, adding momentum to a rebound for initial public offerings. Shares opened for trading at $42 each after selling for $30 at the top of the range. Bloomb...
How generative AI could change Wall Street
Jan Szilagyi, co-founder and chief executive officer of Toggle AI, a generative artificial intelligence fintech startup that uses machine learning to turn institutional-grade data into insights for investors, discusses what generative an...
Musk warns of more blows to Tesla's profitability
Tesla's CEO warned warned of more hits to the carmaker's already-shrinking profitability, and that it will have to keep lowering the prices of its EVs if interest rates continue to rise. Defiance ETFs CIO Sylvia Jablonski joins Caroline ...
BlackRock bets big on artificial intelligence
BlackRock International Global Chief Investment Strategist Wei Li discusses the firm's midyear report and bullish call for artificial intelligence related assets on "Bloomberg Surveillance."
Impact of AI on the economy
Nigel Vaz, CEO of Publicis Sapient, a leading digital consultancy that helps JPMorgan, Walmart, McDonald's and Marriott transform digitally, joins Caroline Hyde and Ed Ludlow to discuss the impact of generative AI on the economy, and how...
Apple shares hit all-time high
Apple Inc. set a fresh all-time high on Monday ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.
Ailing First Republic Bank acquired by JP Morgan
JP Morgan Chase & Co. has won the bidding war for First Republic Bank, acquiring the ailing business after rescue efforts failed to undo the damage from wrong-way investments.
Federal Reserve expected to hike rates yet again
The Fed is expected to raise rates again this week by 25 basis points. That would be the 10the straight increase since March of last year. Bloomberg's Mike McKee reports on what Wall Street is expecting.
Another U.S bank 'on the brink'
US bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank a move that may curb the troubled firm's access to Federal Reserve lending facilities.
Google 'panic' over Samsung search defection
Samsung's reported decision to switch its default device search engine to Microsoft's Bing has sparked 'panic' at Google, as the tech giant grapples with a growing loss of market share. Shares in its parent company Alphabet plummeted aft...
Cramer on First Citizens buying SVB
CNBC's Jim Cramer discusses the fallout from the Silicon Valley Bank implosion and how to trade shares of First Citizens after it stepped forward to buy the collapsed bank.
First Citizens deal sparks bank rally
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade. Shares of regional banks rallied on the news.
Deutsche Bank & Credit Suisse: The difference
Deutsche Bank AG became the latest focus of the banking turmoil in Europe as ongoing concern about the industry amid a slowing economy sent its shares plunging. Bloomberg's Steven Arons explains the differences between Deutsche Bank and ...
Fears Deutsche Bank is the next to fall
Silicon Valley Bank, Credit Suisse, First Republic. After weeks of turmoil, the biggest enemy facing banks right now could be fear itself. On Friday, shares of Germany's biggest bank started falling in a way most analysts said was irrati...
Global central banks band together to prevent crisis
Global central banks have banded together to reassure world markets and prevent the spread of the banking crisis that started with the collapse of two regional U.S. banks earlier this month from spreading.
First Republic Bank shares hit all-time low
Even though most regional bank shares rallied Monday, First Republic Bank is having trouble. Shares hit an all-time intraday low. Herman Chan of Bloomberg Intelligence explains.
Central Banks pour money into nervous market
Central banks in Europe and the UK have injected significant capital into the market to avert a repeat of the crisis seen in the United States, where a series of banks have collapsed. The deal serves as a buffer to ease tensions in globa...
UBS to acquire rival bank Credit Suisse
Switzerland’s government has fast-tracked approval for the country’s largest bank, UBS, to take over its ailing rival Credit Suisse to prevent a banking crisis. Experts say it’s a reflection of tough financial times.
What Does the UBS-CS Deal Mean for the Bond Market?
Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management, discusses UBS Group AG's agreement to buy Credit Suisse Group AG, the implications for bond markets and the banking industry.
UBS in talks to buy Credit Suisse
A merger of UBS Group AG with Credit Suisse Group AG is "plan A" for Swiss regulators seeking to shore up confidence in the nation's banking system, the Financial Times reported.
Market fears more banking turmoil
A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S lender's shares showed investors were still worried about cracks in the sector.
UBS, Credit Suisse Don't Want to Merge
UBS Group AG and Credit Suisse Group AG are opposed to a forced combination, even as scenario planning for a government-orchestrated tie-up continues, according to people with knowledge of the matter.