Investment

Lululemon rallied on strong earnings. Foot Locker fell after UBS downgrade.

Major retailers were in the red on Wednesday morning after UBS downgraded the stocks to sell from neutral.

New UBS CEO Sergio Ermotti on Wednesday said his return to the helm was “a call of duty,” as the Swiss veteran takes on the task of restoring order to the country’s bruised financial system.

The suits allege that New York-based JPMorgan Chase ignored red flags about Jeffrey Epstein.

Check out the companies making headlines in midday trading Tuesday.

Alibaba shares jumped after the e-commerce giant said it would split its company into six separate business groups.

Bank of England Governor Andrew Bailey on Tuesday vowed to be “very vigilant” amid ongoing volatility.

Friday’s plunge in Deutsche Bank’s share price — despite relatively strong capital and liquidity positions — left many market watchers confounded.

China and India accounted for a drop of $35 billion in total deal value for large growth deals for the year, Bain & Co said in a Tuesday report.

The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement.