The AI boom isn’t just reshaping the digital economy—it’s triggering a copper crunch that could redefine global resource markets for decades. As hyperscale data centers multiply and energy demand surges, copper has emerged as the silent backbone of the AI revolution, pushing prices to record highs and stretching supply chains to their limits. In this , Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW), explains why the world’s accelerating appetite for computing power is colliding head-on with one of ...

Market Overview - The Dow is up about 100 points, indicating a potential record close after a record yesterday [2][3] - The S&P 500 also closed at a record yesterday but is down about a third today, while the Nasdaq is down about half a percent [3][4] - The S&P equal weight index is outperforming the S&P 500, suggesting broadening participation in the market [4] Federal Reserve Insights - The Federal Reserve cut interest rates by a quarter percentage point, with dissent from three members [8][10] - Chicago Fed President Austin Goulby expressed a desire to wait for more inflation data before further cuts, indicating optimism for significant reductions in rates over the next year [9][10] - Kansas City Fed President Jeff Schmid believes inflation remains too high and the economy shows momentum, suggesting that policy is not overly restrictive [10][11] Technology Sector Performance - Broadcom's disappointing earnings report has significantly impacted the tech sector, contributing to its decline [6][7] - Despite the drop, Broadcom's stock is still up year-to-date due to investor confidence in its AI-related prospects [7] College Athletics and NIL Legislation - The Hustle Act aims to protect college athletes' name, image, and likeness (NIL) earnings by creating tax-advantaged savings accounts and capping agent fees [36] - NIL has become a multi-billion dollar business for college athletes, necessitating legislative measures to provide structure and support [37][38] - The legislation seeks to address the challenges faced by student-athletes in managing their new commercial opportunities while balancing academic commitments [39][41] Corporate Developments - Citigroup received an upgrade to overweight from JP Morgan, citing expected benefits from a solid economy and market activity [60] - Alphabet's price target was raised to $350 by TD Cowan, driven by increased search engagement and the success of its Gemini chatbot [61][62] - FMCC was double upgraded by Wedbush, with expectations of near-term action from the Trump administration to recapitalize the mortgage giant [63] Cryptocurrency Market - Bitcoin is rebounding after dipping below 90,000 earlier in the week, with analysts noting it has been stuck in a range of 85,000 to 95,000 for about a month [64] Electric Vehicle Sector - Rivian's stock is up significantly after NEM raised its price target, citing momentum in AI and autonomous driving [65][66] Banking Sector - UBS shares are rising after Swiss lawmakers proposed easing capital rules, which would lower funding costs for the bank [68]

Let's bring in UBS alignment partners managing director Alli McCartney who's here at Post9. It's great to have you back Ally. I mean people did point out we were able to get to all-time highs without the benefit of AI yesterday.And can that broadening continue. >> So when you think about what has happened this year, what 2025 has done. There are three stocks Broadcom being one of them that have done more than any other in terms of contribution to the bottom line.So you have 73 stocks that are sort of AI lev ...

Let's bring in UBS alignment partners managing director Alli McCartney who's here at Post9. It's great to have you back Ally. I mean people did point out we were able to get to all-time highs without the benefit of AI yesterday.And can that broadening continue. >> So when you think about what has happened this year, what 2025 has done. There are three stocks Broadcom being one of them that have done more than any other in terms of contribution to the bottom line.So you have 73 stocks that are sort of AI lev ...

Our next guest is pretty bullish on the regionals for 2026. Erica Ngerian, UBS senior equity research analyst focusing on the large cap banks joins us this morning. Erica, happy Friday.Good to see you. >> Good to see you. >> I was going to ask you whether or not the environment can get any better, but I think you probably think it can.>> Look, I mean, especially for the regional banks, right. They have really suffered from all of the market share loss and direct lending to the non-banks. And last Friday, th ...

REACHING $100,000 A YEAR IN SOME PLACES. MORE PEOPLE ARE QUESTIONING THE VALUE OF THAT HIGHER EDUCATION. UBS SHARES ARE HITTING A 17 YEAR HIGH AFTER GROUP OF INFLUENTIAL SWISS LAWMAKERS PROPOSED WATERING DOWN THE CAPITAL REQUIREMENTS FOR THE BANK.THE PROPOSAL WOULD ALLOW UBS TO USE JUNIOR DEBT, SO-CALLED AT-1 BONDS. I WANT TO BRING IN OUR CHIEF WALL STREET CORRESPONDED AT THE DESK. THIS IS AN IMPORTANT STORY ON SO MANY LEVELS, ESPECIALLY FOR OUR VIEWERS AND CLIENTS.IT MEANS UBS PROBABLY WILL NOT MOVE TO NEW ...

The stock rose to its highest point in 17 years, after legislators proposed reducing capital requirements on Swiss banks. ...

It's 5AM in New York City. Good morning. I'm Vonnie Quinn with your Bloomberg Brief.Here's what you need to know. Stocks hitting records even as tech caution continues. That rotation trade ongoing with cyclicals getting a boost from the fed's dovish course.Meantime, Broadcom disappoints. Investors look for a bigger payoff. Plus, President Trump signals U.S. help with Ukraine security as President Zelensky floats a referendum on handing over territory to Russia.So let's take a look at those markets then. Fut ...

Core Viewpoint - A group of Swiss lawmakers is proposing a compromise that balances tougher capital rules for UBS while ensuring the bank's international competitiveness [1] Group 1 - The proposed compromise aims to address the need for stricter capital regulations for UBS [1] - Lawmakers are concerned about the potential impact of these regulations on UBS's ability to compete globally [1] - The discussion reflects ongoing debates in Switzerland regarding financial regulation and its implications for major banks [1]

SAN DIEGO, Dec. 11, 2025 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that financial advisor Melissa Mirabile has joined LPL’s employee advisor channel Linsco by LPL Financial to launch Forest Lake Wealth Partners. She reported serving approximately $280 million in advisory, brokerage and retirement plan assets* and joins LPL from UBS. Located in Albany, N.Y., Forest Lake Wealth Partners serves a wide range of clients across the country, including families, business owners, and trade unions. This ...