UBS reports Q2 net profit of $2.8 billion, beating expectations

Key insight: The recently announced consortium of crypto companies behind OpenUSD, a new dollar-denominated stablecoin, will have to demonstrate that it can build partnerships with banks and intermediaries before it can challenge USDC and Tether.  What’s at stake: Consortiums are easy to establish, but a lot of work is needed to make it a credible…

Key Points The disposition of 23,000 shares was executed at $31.53 per share, totaling an estimated value of $725,200. The sale reduced the executive’s direct equity holdings by 3%, as reported in the Form 4. The transaction was conducted directly by Sauers through a pre-arranged Rule 10b5-1 trading plan. 10 stocks we like better than…

The first major home renovation my husband and I ever undertook was insulating the walls of a 1921 Craftsman bungalow we shared in Columbus, Ohio. This project made the house a great deal more comfortable in the winter and the summer, since the existing insulation was the least expensive option available in the 1920s —…

Consolidators in the wealth management industry expect a years-long rise in registered investment advisor valuations to finally flatline in the latter half of 2026. According to a survey released by DeVoe & Company on Thursday of 40 RIA executives from consolidators, 82% anticipate stable RIA valuations, 18% expect declines, and none expect increases. The shift…

Canada’s Thor project could transform aluminium supply chains by reducing reliance on bauxite mining and offering a more sustainable, lower-carbon production method. By using polymetallic black shale and Canada’s hydroelectric-powered infrastructure, the project has the potential to cut greenhouse gas emissions and minimise harmful mining by-products. If successful, the Thor project could strengthen North American…

Walmart recently announced that it had cut prices on a number of summer staples in an effort to prioritize affordability.