Corporate/Industry News

Is Credit Suisse a boost to UBS’s investment banking ambitions?

Is Credit Suisse a boost to UBS’s investment banking ambitions?

A year ago, the world of investment banking suffered its biggest shakeup since the financial crisis with the bailout acquisition of Credit Suisse by UBS. Twelve months on, the long-term impact of the deal is becoming a little clearer – but only a little. Big questions remain, especially for the combined investment banking business. One …

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Amer Sports shares fall 6% on bigger-than-expected Q4 loss

Amer Sports shares fall 6% on bigger-than-expected Q4 loss

Posted: March 5, 2024 at 8:30 am ET Shares of Amer Sports Inc. fell 6% in premarket trade on Tuesday after the Finnish sportswear company reported its first quarterly results since its February IPO. The company, which includes the Arc’teryx, Salomon and Wilson brands, reported better-than-expected fourth-quarter revenue boosted by China and a bigger-than-expected loss. …

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This biotech ETF sees a “breakout” while US small-cap tech stocks lag

This biotech ETF sees a “breakout” while US small-cap tech stocks lag

Hello! This week’s ETF Wrap looks at the surge in biotech funds, as well as an “unusual” trend in U.S. small-cap stocks versus small-cap tech stocks. Please send feedback and advice to [email protected] or [email protected]. You can also follow me on X at @cidzelis and found me on LinkedIn. Isabel Wang is on @Isabelxwang. register …

This biotech ETF sees a “breakout” while US small-cap tech stocks lag Read More »

This biotech ETF sees a “breakout” while US small-cap tech stocks lag

This biotech ETF sees a “breakout” while US small-cap tech stocks lag

Hello! This week’s ETF Wrap looks at the surge in biotech funds, as well as an “unusual” trend in U.S. small-cap stocks versus small-cap tech stocks. Please send feedback and advice to [email protected] or [email protected]. You can also follow me on X at @cidzelis and found me on LinkedIn. Isabel Wang is on @Isabelxwang. register …

This biotech ETF sees a “breakout” while US small-cap tech stocks lag Read More »

Car prices are finally coming down.  It looks like a buyer’s market.

Car prices are finally coming down. It looks like a buyer’s market.

The high cost of new cars has been a concern among buyers and investors in the automotive sector for several years since Covid-19 ravaged the global economy. But now a change is happening. New cars are becoming more affordable—and that’s a good thing for car buyers. This is good even for car investors who tend …

Car prices are finally coming down. It looks like a buyer’s market. Read More »

Car prices are finally coming down.  It looks like a buyer’s market.

New cars are becoming more affordable. That’s good for buyers and auto stocks.

The high cost of new cars has been a concern among buyers and investors in the automotive sector for several years since Covid-19 ravaged the global economy. But now a change is happening. New cars are becoming more affordable — and that’s a good thing for car buyers. This is good even for car investors …

New cars are becoming more affordable. That’s good for buyers and auto stocks. Read More »

The sale price of insurance-brokerage unit Truist is better than expected

The sale price of insurance-brokerage unit Truist is better than expected

The plan of Truist Financial Corp. to sell its remaining stake in Truist Insurance Holdings for $15.5 billion marks a better-than-expected price for the business, an analyst said Tuesday. Citigroup’s Keith Horowitz reiterated a buy rating on Truist and said that while the sale of Truist Insurance Holdings was not a surprise, he had expected …

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Lotus cars are legal.  What we thought after driving the Eletre.

Lotus cars are legal. What we thought after driving the Eletre.

It’s official. Lotus Technology is a publicly traded manufacturer of electric vehicles, as well as a serious competitor in the high end of the market. Lotus knows how to make cars. Barron’s sitting behind the wheel of one. Lotus and special purpose vehicle L Catterton Asia Acquisition completed their merger on Thursday. meaning L Catterton’s …

Lotus cars are legal. What we thought after driving the Eletre. Read More »