UBS has reported a 52% decline in net profit for the first quarter of 2019, reaching $1.03 billion. This comes in below analyst expectations of a net profit nearing $1.75 billion for the period. Although these are the bank’s first results since announcing its takeover of rival Credit Suisse, UBS CEO Sergio Ermotti resumed his
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As the US economy slows down, the competition between the East and West coast ports to be the top trade volume hub intensifies. However, the pie is shrinking as future orders for ocean freight continue to decline. The latest trade data from the Port of New York and New Jersey, the country’s largest container port
US stock futures remained stagnant on Monday night as traders awaited corporate earnings announcements from several Big Tech companies and consumer discretionary names, as well as new economic data. Dow Jones Industrial Average futures slipped by less than 0.01%, while S&P 500 and Nasdaq 100 futures inched down 0.05% and 0.02%, respectively. In after-hours trading,