Author: Press Room

UBS has prioritised integrating Credit Suisse’s investment bank and accelerating cost-cutting, while a decision on the future of its Swiss domestic business is expected within months, according to people involved in the planning.UBS’s takeover of its ailing rival is due to be completed in the coming weeks, at which point its newly refreshed senior management team will set about overseeing the biggest bank integration project since the financial crisis.Executives will move first on bringing the two investment banks together to “create clarity on day one” and avoiding “two people going out and calling institutions to sell the same products”, said…

Image Source: PixabayThe Ethereum network has recovered after suffering from two performance issues in the past 24 hours that resulted in blocks not being finalized. In a Friday tweet, pseudonymous Ethereum developer Terence.eth revealed that the network has resumed finalizing blocks, adding that clients, the software that runs Ethereum nodes, are releasing updates to address the issue.”Mainnet just finalized but not out of the woods. Clients are releasing patches today. Stay tuned,” Terence.eth said. The blockchain experienced what is being described as technical issues on Friday that caused the network to stop finalizing blocks for over an hour. It was the second such…

Five years ago, a small group of cancer scientists meeting at a restaurant in a deconsecrated church hospital in Mainz, Germany, drew up an audacious plan: They would test their novel cancer vaccine against one of the most virulent forms of the disease, a cancer notorious for roaring back even in patients whose tumors had been removed.The vaccine might not stop those relapses, some of the scientists figured. But patients were desperate. And the speed with which the disease, pancreatic cancer, often recurred could work to the scientists’ advantage: For better or worse, they would find out soon whether the…

[The stream is slated to start at 7:00 a.m. ET. Please refresh the page if you do not see a player above at that time.]Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision.In a widely expected move, policymakers at the BOE voted for a 12th consecutive rate hike.Subscribe to CNBC on YouTube. 

Seven years ago, not long after Jaap van Zweden had been proclaimed the music director of the New York Philharmonic, I listened to every commercial recording of his that I could lay my hands on, to get a better sense of his conducting. I do not remember it exactly as a fun experience, when I have to remember it at all, nor one that flattered him that much.Now that the Philharmonic’s next music director has been named, it’s Gustavo Dudamel’s turn.This time, the exercise is a different proposition, and thankfully nowhere near as enervating. Van Zweden was hardly a household…

Christina Applegate talked about living with multiple sclerosis in an interview with Vanity Fair, saying she may give up acting on camera due to the challenges of the disease. Applegate, who first revealed her diagnosis in 2021, said with MS, “It’s never a good day.” The exact cause of MS is unknown, but it affects the central nervous system and can cause symptoms like fatigue, numbness, pain, memory problems and even blindness or paralysis. People with MS may experience it differently and its varying symptoms may last for differing lengths of time, according to the National MS Society.”You just have little s***** days,” Applegate said.…

Latoya Shauntay Snell has run more than 200 races, and she knows where she will finish: near the back. So she expects to always be seeded in the last wave in multiwave races. But at the Brooklyn Half Marathon last month, she found herself in Wave 1.NYCRUNS, which organized the race, had done something unusual: All runners expecting to run 12 minutes per mile or slower were part of the first wave, to give them more time to finish before the road portions of the course reopened to cars.“I cannot tell you how relieved I felt as a back-of-the-packer,” said…

Twitter and its owner Elon Musk are facing criticism after some of the social media network’s users posted graphic images of the victims of the deadly Allen Premium Outlets mall shooting in Texas, with critics calling the presence of such images “unethical” and “horrible.” The spread of the graphic images on Twitter highlights the content moderation changes at the social media service under billionaire Elon Musk, who bought the company last year and has overhauled many of its policies.  In an email to a question about the graphic images, Twitter responded with a poop emoji — the automated reply to any inquiries…

To understand the forces that have been roiling the biggest media companies, look no further than Disney’s earnings. Streaming economics are improving — considerably so. But not fast enough to offset declines in traditional television, which is in free fall.Disney said on Wednesday that losses in its streaming business for the most recent quarter totaled $659 million, an improvement from a year earlier (and a vast improvement from the October-to-December period, when losses totaled $1.1 billion). Streaming revenue climbed 12 percent, reflecting a sharp increase in revenue per paid Disney+ subscriber, a metric investors watch closely.The problem: Disney still relies…

A Las Vegas, Nevada, woman with seven DUI arrests wanted for allegedly cutting off her ankle monitor was taken back into custody after commenting on a news article posted to Facebook.Marion Reyes, 36, turned herself in to the Las Vegas Metropolitan Police Department’s Traffic Bureau on Friday, the day after a post from the Bureau asked the public for help locating her and purported that she cut off her ankle monitor.”I never cut it off!!! An officer cut it off when I turned myself in. They continued to release me,” Reyes commented on Facebook under a news post from News…