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Cryptocurrencies won't work as actual currencies since people have 'absolutely no certainty' of what they can buy with them tomorrow, a UBS chief economist says
A fundamental flaw with cryptocurrencies, according to the economist, is that there's no balance be…
Shalini Nagarajan
A teary-eyed Donovan Mitchell said the pain of the Jazz's brutal playoff loss is nothing compared to victims of police brutality
Donovan Mitchell told reporters that basketball is just a game and that his pain couldn't compare t…
Scott Davis
Aaron Paul Wins Third Emmy For 'Breaking Bad'
The 34-year-old actor was up against Josh Charles ("The Good Wife"), Mandy Patinkin ("Homeland"), J…
Kirsten Acuna
Stock market today: US stocks trade mixed with Fed minutes and rate outlook in focus
The Fed meeting minutes will be published later on Wednesday. Alphabet dipped about 1% as the DOJ i…
Jennifer Sor
Most developed countries are set to gain more millionaires in the next 5 years with 2 big outliers
Both countries had an influx of wealthy people moving in, but with changes in taxes and other issue…
Lian Kit Wee
Spouses mostly women — could inherit $9 trillion from their partners in the next 25 years
Some of this money could go toward women's causes. But not all women can inherit from their husband…
Lian Kit Wee
Taylor Swift concerts and the Olympics could lead to a fresh surge in global inflation, UBS says
Mega-events, like Taylor Swift shows and the Olympics, could distort headline inflation figures, UB…
Jennifer Sor
Neither Trump nor Harris really gave us much detail about how they will fix the economy in the debate
Many industry leaders were disappointed with the lack of specifics, while others told BI that Harri…
Alice Tecotzky
Why stock market records aren't always a great sign for the economy
The chief economist of UBS Global Wealth Management said mispriced assets divert money away from ot…
Phil Rosen
Here are 3 ways the Fed messed up since 2021 and how it's impacting the economy, according to UBS
"Today's rate hike will probably have to be reversed in a relatively short space of time," UBS chie…
Matthew Fox
Why far-right GOP Rep. Lauren Boebert is in an extremely close re-election race in Colorado
Boebert's district isn't nearly as deep-red as other firebrand conservatives' home turfs, and her a…
Bryan Metzger
The Fed has opened the door to a pivot, Scott Minerd says. Here's what Larry Summers, Mohamed El-Erian and 4 top investors make of its latest interest rate move.
Wall Street's best-known voices are sharing how they think the Fed's latest interest rate hike will…
George Glover
Former Penn State wrestling standout Bo Nickal appears set to become the next big thing in the UFC
Bo Nickal, a former standout on the powerhouse Penn State wrestling team, dominated his second Cont…
Alan Dawson
Recession fears grow stronger as part of the US bond yield curve inverts for the first time since 2006
Many strategists are nervous that the Federal Reserve could abruptly slow the economy by hiking int…
Harry Robertson
Central banks must start issuing digital currencies in the coming years because cash will become irrelevant, UBS chief economist says
"If central banks want to stay relevant as cash becomes less relevant, they might have to consider …
Shalini Nagarajan
The Instagram effect is pushing up the prices of 'grammable activities like meals out and vacations - creating opportunities for investors
As economies reopen, people are splurging on things they can post about on Instagram. But that coul…
Harry Robertson
Another thing to blame boomers for: inflation
Boomers certainly aren't at fault for wanting to retire. But losing them from the workforce is maki…
Jason Lalljee
Global stocks edge higher as investors eye strong bank and energy earnings, but China's tech clampdown caps gains
Chinese state media softened its tone on online gaming a day after a state-run outlet slammed the i…
Shalini Nagarajan
Markets can 'sleep through' the US presidential debate as the event is unlikely to produce bold new initiatives, UBS says
European and Asian investors do not have to lose sleep over the debate for fear of missing out, the…
Shalini Nagarajan
US stock futures slide after Putin orders Russian troops into Ukraine, while oil and gold rise
Dow futures are recovering somewhat from an earlier slide of almost 500 points, as global stocks pu…