S&P, Dow rise as U.S. retail sales data counters recession fears

(Reuters) – The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears and simmering U.S.-China trade tensions. The Dow Jones Industrial Average rose 99.9 points, or 0.39%, to 25,579.32, the S&P 500 gained 7.02 points, or 0.25%, to Continue Reading

Diversity helps UBS defy banking gloom with profit rise

ZURICH (Reuters) – UBS (UBSG.S) delivered its best second-quarter results in nearly a decade on Tuesday, as strength in Swiss retail and corporate banking helped to offset weakness in wealth management. FILE PHOTO: A man walks past a UBS logo projected on a screen in Singapore, January 14, 2019. REUTERS/Feline Continue Reading

U.S. recession odds rise to 40-45% in six months: DoubleLine’s Gundlach

(Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the odds of the United States sliding into a recession in the next six months have risen to 40-45% and the odds were 65% within the next year. FILE PHOTO: Jeffrey Gundlach,┬áCEO of DoubleLine Capital LP, presents Continue Reading

Union Pacific operational overhaul gains traction, shares rise

(This April 18 story corrects to show operating ratio declined, error also occurred in previous updates) FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren By Lisa Baertlein and Rachit Vats (Reuters) Continue Reading