About UBS Group AG Registered Ordinary Shares (UBS)
UBS Group AG is a global financial services company providing a wide range of financial services to clients, including wealth management, investment banking, and asset management. The firm caters to private, corporate, and institutional clients, delivering tailored financial solutions and expertise across various sectors and regions. UBS is known for its strong focus on sustainable finance and innovation, striving to create long-term value for its stakeholders while maintaining a commitment to corporate responsibility and ethical practices in the financial industry. Read More
Shares of automotive manufacturer General Motors (NYSE:GM)
fell 5.9% in the afternoon session after UBS downgraded its rating from Buy to Neutral, signaling a more cautious outlook on the stock's near-term potential. The firm also lowered its price target from $64 to $51, citing reduced earnings expectations.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 10.7% in the afternoon session after Wall Street sentiment toward the company turned more bearish, with several analysts cutting their forecasts and price targets. UBS analyst Joseph Spak issued the most bearish outlook, slashing his price target to $19, implying a potential 30% downside. Spak warned that while lower 2025 earnings expectations were becoming consensus, the broader earnings trajectory for Tesla still appeared overly optimistic and remained vulnerable to further downward revisions after Q1 2025 earnings are released.
Similarly, Goldman Sachs lowered its price target from $275 to $260, reflecting growing near-term risks. The firm pointed to weakening auto demand, softer consumer sentiment, rising tariff-related costs, particularly within Tesla's Energy division, and increasing uncertainty around U.S. EV policy. Despite these headwinds, Goldman highlighted that the long-term potential from Tesla's AI-driven initiatives could serve as a meaningful offset, providing an avenue for future growth beyond its traditional automotive business.
Separately, stocks gave back some of the gains from the previous day as the White House clarified the tariffs on imports from China would add up to 145%, while the baseline 10% tariffs remained in place for all countries. This reminded investors that the global trade environment remained volatile, limiting the potential for sustained market gains.
Also President Trump said he was willing to accept pain in the short term, and was aware his policies could cause a recession, but he remained more mindful of a more severe case of economic depression (higher unemployment and prolonged downturn).
For investors, this suggested that the administration could prioritize long-term structural shifts over near-term economic stability, further increasing policy-driven risk in the markets.
The new trade policies, UBS said, are raising the cost of making a vehicle, subsequently raising the cost of a vehicle for consumers and negatively impacting demand.
TD Cowen said Affirm as one of the top performing buy-now-pay-later brands in the U.S. with a full-suite point-of-sale lending capability versus peers.
UBS expects the price of the top-tier iPhone 16 Pro Max 1 TB storage capacity to rise to $2,062 versus the $2,300 estimated by Rosenblatt Securities last week.
UBS Investment Bank today announced coupon payments for 9 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”).
The company said that net proceeds from the offering will be used for the continued clinical development of product candidates, as working capital, and for other general corporate purposes.
The brokerage noted that the larger-than-anticipated tariffs could lead to demand destruction for steel companies but acknowledged that negotiations and potential rollbacks remain possible.
United States, April 2, 2025 -- Art and technology are no longer separate worlds — they are converging to shape the future of spatial experiences. At the forefront of this transformation is Yevhen BROKHIN, the founder of Collab, whose phygital art solutions push the boundaries of how people interact with environments. By seamlessly integrating physical and digital elements, BROKHIN crafts immersive experiences for private residences, luxury hotels, wellness centers, hospitals, and brand showrooms, contributing to a new paradigm in contemporary art and design.
April 2, 2025 – Tesla, Inc. (NQ:TSLA) shares fell sharply in morning trading today after the electric vehicle giant reported first-quarter vehicle deliveries that significantly undershot Wall Street expectations. At 11:14:02 AM EDT, Tesla’s stock price stood at $265.62, reflecting a decline of $2.84, or
