Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.
Artificial Intelligence (AI) is not just a buzzword, it's a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI's use in autonomous driving, the tech is becoming faster and more accurate by the day when solving real-life problems.While the impact of AI on the stock market is undeniable, concerns...
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
"There Is No Crime": Dershowitz Says Bragg’s Case Against Trump Will Fail Authored by Tom Ozimek via The Epoch Times (emphasis ours), Retired Harvard law professor Alan Dershowitz said on April 28 that he believes that Manhattan District Attorney Alvin Bragg’s case against former President Donald Trump could fail because prosecutors have charged the former president with fake crimes. Alan Dershowitz and former President Donald Trump in file photos. (Mario Tama/Getty Images; Michael...
Oracle chairman Larry Ellison made the surprise announcement Tuesday that
The board of Paytm Payments Bank is independent and capable of addressing regulatory concerns, the chief executive officer of digital payments firm Paytm, formally known as One97 Communications Ltd, (OCL) said on Monday. I, personally or anyone from OCL, have no connection with the payments bank, Vijay Shekhar Sharma said at a webinar. There is an independent board taking care of everything and we have full faith in their capability. The Reserve Bank of India (RBI) in late January had...
The ex-ante regulations proposed in the draft Digital Competition Bill to pre-empt certain practices is a significant departure from the current system and will come with trade-offs that have an impact on user experience and innovation like the European Union’s Digital Markets Act (DMA) had with its rigid rules, executives at a Big Tech company told ET.No matter how carefully crafted an ex-ante regime is, it will still have these negative impacts, they said, even as the government extended the...
Paramount Global CEO Bob Bakish is out, the company announced Monday, as
Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strategists said on Monday, downgrading its rating on the mega-cap companies. Growth in earnings per share (EPS) of the “Big 6 TECH+” stocks—Apple, Amazon.com, Alphabet, Meta, Microsoft, and Nvidia—was projected to decline to 15.5% by the first quarter of 2025, from 42.2% estimated for the same period this year, strategists led by Jonathan Golub said. “Our...
Political pressure won't force the hand of Thailand's central bank in making its interest rate decisions independently, the country's central bank chief said.
Educational damage from the COVID-19 pandemic will have an impact on school pupils well into the 2030s, according to a study involving the University of Strathclyde.
But that will extend a project’s lead time, “which is difficult for federal and state policies if people are trying to get these projects deployed as fast as possible,” Ørsted Americas CEO David Hardy said.