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Blowout UBS Results, Israel Rejects Hamas Cease-Fire & Job Change Unhappiness | Bloomberg...

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May 7, 2024

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UBS Group returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year.

(2) The Palestinian militant group Hamas said it had agreed to a cease-fire proposal for the Gaza Strip, but Israel's war cabinet unanimously rejected it as "far from Israel's necessary demands," dashing hopes for an immediate pause in the fighting.

(3) Chinese President Xi Jinping called on France to help fend off a "new Cold War" as the European Union increasingly aligns with US concerns over security risks and trade tensions.

(4) US chipmaker Nvidia is investing in Wayve Technologies joining a $1.05 billion funding round for the UK startup that wants to get its autonomous-driving technology into cars.

(5) People who left a job for a new one have reported being less satisfied at work than those who stayed put, according to a survey from the Conference Board, a sharp reversal from their sentiments just a year earlier.

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Guests & Subjects Covered

UBS GroupCredit SuisseThe PalestinianGaza StripChinese President Xi JinpingCold WarEuropean UnionWayve Technologies

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