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

The iPhone Duo may look flipping cool — but to get two screens and a hinge into a pocketable iPhone, Apple had to make some trade-offs. Apple’s first-ever foldable smartphone, which ranges between $1,999 and $3,199, gets a 7.6-inch inner display when unfolded, which Apple calls the “largest iPhone display ever.” That’s 50% larger than…

As the modern, online-based buy now, pay later market has matured, the type of products from BNPL providers has diversified. Splitit USA Inc. will launch the Splitit World Mastercard credit card as a white-label offer for financial institutions while Zip Co Ltd. intends to debut Zip Cash, a same-day cash loan product. Entering the U.S….

There is so much smoke around a deal but the key part is: What’s in the deal? The one big red flag I see so far is that Israel says it’s not withdrawing from anywhere. In any case, oil is down further and the S&P 500 is ripping higher, up 1.3% to 7701, a fresh…

At Money20/20 this year, one question deserves more attention than how quickly money can move: what does it take to make a new payment rail genuinely useful to a business operating across borders? The distinction matters. Moving money between two points is one challenge. Making that movement reliable, compliant and practical for a business—with the…

Tropical Storm Maysak killed two people in Nanning, Guangxi, and affected about 55,000 residents, with 48,000 evacuated, according to Xinhua. Flooding and dam risks prompted China’s Ministry of Emergency Management to deploy more than 1,000 rescuers, boats, vehicles, and drones. The storm also damaged property and blocked roads in northern Vietnam. News Updated: Monday, July…

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