Investing.com -- Artificial intelligence is disrupting the labor market, not only by changing job roles, but also by distorting how labor market data is collected and interpreted, according to UBS. The chief economist at UBS Global Wealth Management said in a note that while AI often raises concerns about job displacement, it also creates "new jobs in different sectors" as it improves efficie ...
Investing.com -- UBS expects U.S. corporate credit spreads to widen in the second half of the year, cautioning that markets are underpricing the risks from slowing labor markets, potential trade tariffs, and upcoming Federal Reserve rate cuts. The brokerage laid out 10 themes for positioning in the third quarter, arguing that the sharp tightening in spreads seen in early July likely reflects ...
Investing.com -- Markets concluded the week with a notable shift in sentiment. After reaching record highs earlier, U.S. stocks closed lower on Friday, impacted by macroeconomic concerns. Here are Investing.com’s stocks of the week. CoreWeave CoreWeave shares declined significantly, trading around the $125.90 level as we approach Friday’s close, down over 21% in the last week. The decline ...
Investing.com -- U.S President Donald Trump amped up his tariff regime on Saturday, announcing 30% tariffs on Mexico and the European Union. The increased tariffs take effect on August 1, 2025. Trump made the announcements via his Truth Social account Saturday morning U.S. time, posting letters sent to Dr. Claudia Sheinbaum Pardo, the President of Mexico, and Ursula von der Leyen, the Presid ...