A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | ReutersUBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit.The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations. UBS...
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Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible
Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly."Because of some of the strangeness of this moment, there is the possibility of the golden path ... that we got inflation down...
Customers grapple with deposit delays at big banks. What it means for you
A man walks by the Bank of America headquarters in New York on July 18, 2023.Eduardo Munoz | View Press | Getty ImagesCustomers at several big banks on Friday wrestled with direct deposit delays stemming from an industry-wide processing issue.There was a surge of "outages" reported by banking customers Friday...
Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share
DraftKings, a fantasy sports websiteGetty ImagesThe growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers' dollars is about to get more competitive.DraftKings, which reported quarterly results that beat Wall Street's estimates on Thursday, has...
Activist Engaged Capital sees a path to lift VF Corp’s share price and slash costs
A shopper passes in front of a North Face store at the Easton Town Center mall in Columbus, Ohio, on Jan. 7, 2021.Luke Sharrett | Bloomberg | Getty ImagesCompany: VF Corporation (VFC)Business: VF Corp. is a consolidator of consumer footwear and apparel brands. It engages in the design, procurement, marketing...