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Home > Latest

Lates News

date
06/05/2025
IMF Managing Director Georgieva: The global economy has proven to be resilient to frequent shocks.
Latest
4 m ago
UBS Group has agreed to pay $5.1 billion to settle a US investigation into its acquisition of Swiss Credit Suisse that helped wealthy Americans evade taxes. The UBS Group said in a statement on Monday that a unit of Credit Suisse Group admitted to conspiring to help its clients submit false US tax returns and agreed to pay $3.72 billion. As part of the related settlement agreement, the unit will also pay an additional $1.39 billion in fines. This marks the end of Credit Suisse's decades-long misconduct in using Swiss bank secrecy laws to help Americans hide funds from the US Internal Revenue Service. However, the bank failed to fully comply with the 2014 agreement to disclose and discover US accounts, and several criminal cases have shown that its clients continue to deceive the IRS. UBS stated that it was not involved in the misconduct and has zero tolerance for tax evasion.
4 m ago
UBS agrees to pay $5.1 billion to settle UBS tax investigation.
7 m ago
The S&P 500 index fell by 0.6% at the close, ending a nine-day winning streak, the longest since 2004. The energy sector dropped by 2.1%, consumer discretionary sector fell by 1.3%, and the technology sector fell by 0.9%. The Nasdaq 100 index also fell by 0.7%, with stocks such as Ansem, Grail, Starbucks, and Apple all dropping by more than 3%, while Tesla and MSTR fell by over 2% and AMD rose by 1.8%. Chevron and Nike both fell by over 2%, with Apple leading the declines among Dow Jones components, while UnitedHealth, McDonald's, and IBM rose by over 1%.
7 m ago
The S&P 500 index fell by 0.6% in preliminary trading, ending a nine-day winning streak and the longest upward trend since 2004. The energy sector dropped by 2.1%, the consumer discretionary sector by 1.3%, and the technology sector by 0.9%. The Nasdaq 100 index also fell by 0.7%, with stocks such as Ansem, Grail, Starbucks, and Apple leading the decline with drops of at least 3%. Tesla and MSTR fell by over 2%, while AMD rose by 1.8%. Chevron and Nike both fell by over 2%, joining Apple as the worst-performing stocks in the Dow Jones index, while UnitedHealth, McDonald's, and IBM rose by over 1%.
7 m ago
Nasdaq Golden Dragon China Index closed down about 0.1% on Thursday. Popular Chinese concept stocks Xiaomi ADR rose 1.2%, while Bilibili, Xiaopeng, Li Xiang, NetEase, Baidu, Alibaba, and New Oriental rose by up to 0.9%. Tencent ADR and Pinduoduo, on the other hand, fell by up to 0.3%, and JD.com, NIO, and Yum China fell by up to 1.4%.
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