Vote Of Confidence

UBS predicts the S&P 500 will reach 7,500 points by the end of 2026, boosted by artificial intelligence and strong corporate earnings

amefika7 months ago03 mins

Wall Street’s AI-powered rally just received another vote of confidence. UBS (UBS) raised its forecast for the S&P 500 (^GSPC) to 7,500 by the end of 2026 in a note on Monday, citing strong corporate earnings and gains in a resilient technology sector. According to the bank’s just-released global economy and markets outlook, UBS forecasts…

Canada’s Liberal Party says ‘sacrificial’ budget needed to avoid recession

truenewj7 months ago04 mins

Canada’s ruling Liberal Party has said a “sacrificial” budget is required to confront both a trade war with the United States and a prolonged cost-of-living crisis that threatens to push the country into recession. But with opposition parties signaling they will not support Prime Minister Mark Carney’s tax plans, a failed parliamentary vote on the…