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19.10.26 - 04:01
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AI Selloff Nears Turning Point as Mag 7 Earnings Loom (Bloomberg)
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The AI trade is in focus as Big Tech earnings are set to test investor sentiment on hyperscaler spending. Bloomberg's Sunny Bangia and Anthony Stephens as well as UBS Financial Adviser and Managing Director Xi Qiao discuss. (Source: Bloomberg)...
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02.10.26 - 13:27
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Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife (ZeroHedge)
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Nike Plunges On Slashed Outlook As UBS Warns Against Catching A Falling Knife
Nike shares are down nearly 10% in pre-market trading in New York after the struggling athletic footwear and apparel company warned its sales slump will deepen and unveiled a restructuring that will eliminate jobs.
As of Thursday's close, year-to-date performance had been absolutely abysmal, with shares down 45%. The extended decline could now put the stock on track for its worst annual loss on record.
The decline follows the sportswear giant's earnings release after hours on Thursday, when it stated that it now expects revenue to decline by a high-single-digit percentage this fiscal year, substantially worse than the 2.4% drop analysts tracked by Bloomberg forecast.
Nike spent years catering to woke culture while neglecting to stay ahead of the industry as competitors ate into its market share. It now plans to fold its Greater China unit into its broader Asia Pacific division and combine Latin America with North A...
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18.09.26 - 19:31
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Earnings, Not the Fed, Are Driving Stocks: UBS′s Lovell (Bloomberg)
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Nadia Lovell, head of global equity strategy at UBS Global Wealth Management, says strong earnings and broadening profit growth should keep stocks moving higher even as rising rates create near-term volatility. “What's gonna drive this market is earnings. It's not valuation expansion,” Lovell says on “Bloomberg Surveillance.” (Source: Bloomberg)...
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14.09.26 - 13:06
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China′s inbound tourism revenue projected to reach US$470 billion by 2040: UBS (SCMP)
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Revenue from inbound travel to China is forecast to reach US$470 billion by 2040, more than doubling its current share of the economy and helping offset weak domestic demand, according to UBS.
Tourism from outside mainland China would expand to 1.5 per cent of gross domestic product (GDP) on a compound annual growth rate of 8.9 per cent from 2025, the Swiss investment bank estimated.
China's inbound travel revenue would represent 15 per cent of the world tourism market by around 2040, said Chen......
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10.09.26 - 10:18
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UBS pulls plug on fund sales on a wealth platform in China amid stiff competition (SCMP)
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UBS plans to shut down its fund-distribution business on one of its mainland China wealth-management platforms, as it faces intense competition.
As part of a “business integration plan”, UBS Fund Distribution (Shenzhen), known as UBSFS, would cease its fund sales business, including fund subscription and fund switching, at the end of September, the Swiss bank said in a statement to the South China Morning Post.
UBS added that it remained “committed to China” and would “continue to invest......
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