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If you're looking for safe ways to grow your money and protect your savings, a high-yield savings account (HYSA) can be a great option. However, it's important to be aware that there are certain instances when you could lose money. So if you plan on opening a high-yield savings account, be sure you understand how to protect your principal and earned interest.
High-yield savings accounts are like traditional savings accounts except that they offer above-average interest rates. These accounts are available from banks and credit unions, particularly online financial institutions. The higher interest rate means you earn more on your deposited funds over time, allowing your savings to grow faster.
If you open an account with a federally insured financial institution, your savings account deposits are protected in case the institution fails. With banks, deposits are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per institution, per depositor, per ownership category. With credit unions, deposits are similarly insured by the National Credit Union Administration.
Read more: High-yield savings account vs. traditional savings account: Which one is better?

#high #credit #interest

Block, Inc. (NYSE:XYZ) is taking another step toward consolidating its digital **** et operations under a federal regulatory framework. On September 8, it filed an application with the Office of the Comptroller of the Currency (OCC) to charter Builders Bank & Trust, N.A.
If chartered, the Builders Bank & Trust could become an important part of Block's digital **** et custody infrastructure, giving the company a federally supervised framework for custody and related services involving bitcoin and stablecoins.
Builders Bank & Trust would be an uninsured national trust bank, meaning it would not accept deposits or make traditional loans. Instead, its focus would be on fiduciary and custody services, allowing Block to build specialized infrastructure for safeguarding digital **** ets.
The structure could be particularly valuable as Block, Inc. (NYSE:XYZ) seeks to expand its institutional customer base. A federally supervised custody operation could give larger financial institutions greater confidence in Block's ability to safeguard Bitcoin and other digital **** ets.
Stablecoins represent a potentially important opportunity for Block, particularly through its Cash App ecosystem. A regulated custody infrastructure could eventually support broader stablecoin-related products and payments if Block chooses to expand further in this area.

#Bitcoin

U.S. Bancorp (NYSE:USB) has raised its quarterly dividend by 3.8% to $0.54 per share. That brings the annualized payout at $2.16 and the yield at 3.5%.
For income-focused investors, the increase adds to the bank's appeal. But the more important point is what supports the higher payout.
U.S. Bancorp enters the second half of 2026 on firm footing. The bank's latest results show accelerating earnings, strong loan growth, and a solid capital position.
U.S. Bancorp (NYSE:USB)'s revenue increased 10% YoY in Q2 to a record $7.7 billion. Net interest margin jumped to 2.79%, up from 2.66% a year ago. That helped push the net income attributable to the bank up 20% to $2.18 billion. Diluted EPS rose 21.6% to $1.35.
The bank's balance sheet also continued to expand. Average loans increased 7.1% to $405.5 billion, supported by strong commercial, commercial real estate and credit card lending activity. Average deposits increased 2.4% to $515.1 billion, providing low-cost funding for the loan growth.

#Growth

First Citizens BancShares, Inc. (NASDAQ:FCNCA), through its First-Citizens Bank & Trust Company subsidiary, completed the acquisition of 138 BMO Bank N.A. branches on September 4. The locations span 11 states across the Midwest, Great Plains and West.
The completion announcement did not disclose final transferred balances. At the announcement, First Citizens BancShares, Inc. (NASDAQ:FCNCA) expected to ****** ume approximately $5.7 billion of deposits and acquire $1.1 billion of loans. Its July 2026 update lowered those estimates to $5.3 billion and $700 million, respectively. Both estimates imply roughly $4.6 billion of net liquidity. That difference represents funding capacity, not transaction income, and remains subject to final balances and acquisition accounting.
The deposit franchise could be the transaction's most valuable ****** et. At announcement, the acquired deposits carried a weighted average rate of 1.43%, with 21% in noninterest-bearing demand accounts. First Citizens BancShares, Inc. (NASDAQ:FCNCA) reported a 2.07% average total deposit cost in the second quarter of 2026. Retaining the acquired accounts near their original pricing could lower the consolidated funding cost.
The 138 branches also establish or deepen a presence across 11 states. The original transaction presentation identified approximately $1.0 billion of wealth ****** ets under management, creating opportunities to cross-sell commercial lending, treasury services, and wealth products. Retaining branch personnel could help preserve local relationships.
First Citizens BancShares, Inc. (NASDAQ:FCNCA) can deploy the surplus funding in several ways. As of June 30, 2026, the company held $151.03 billion of loans and $32.19 billion of borrowings, including a $28.42 billion purchase money note owed to the Federal Deposit Insurance Corporation. The acquired liquidity could support loan growth, replace more expensive funding, or be invested in securities. The original presentation projected immediate earnings-per-share accretion and an approximately 27-basis-point reduction in the Common Equity Tier 1 capital ratio.

#billion #first #citizens

After signing what President Donald Trump touted as "the biggest oil deal in world history" to take majority control of 65 billion barrels of proven crude oil reserves in Venezuela, the U.S. Administration is setting its sights on the South American country's potentially vast gold and critical minerals wealth.
The Trump Administration is weighing measures to involve U.S. companies in Venezuela's gold and critical minerals and has held initial meetings with firms to see if there is interest in engaging in the Venezuelan mining sector, sources with knowledge of the plans told Reuters this week.
Securing gold and critical minerals from Venezuela could help the U.S. with its supply of metals crucial for defense technology and applications that don't depend on China. Moreover, greater access for U.S. and Western firms in Venezuela's minerals sector would further undermine Chinese and Russian influence in the country, which the ousted Venezuelan leader, Nicolas Maduro, deposed and arrested by the U.S. in January, had enjoyed.
"We are all watching the oil situation closely and recognize there could be a parallel track with critical minerals," an executive from a critical minerals firm who met with the U.S. Administration about Venezuela, told Reuters.
However, the path to mining Venezuela's minerals would not be as straightforward as it arguably is for the oil reserves. Operators generally know how much crude oil Venezuela has (the biggest reserves in the world), but no one really knows the reserves and mining potential of the gold and critical minerals deposits.

#venezuela

Strategy, formerly MicroStrategy, says 91% of its balance sheet rests on money **** ody can take back. JPMorgan runs on deposits customers can pull any day. Strategy calls that the safer design.
The claim comes from a slide that the company put in front of investors. It puts Strategy's short-term funding gap at zero and JPMorgan's at negative $1.2 trillion. Strategy wrote those definitions itself.
"MSTR inverts TradFi," says Strategy.
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Banks borrow short, lend long, and deposits can vanish in a day. Additionally, sometimes loans take years to come back, which is why insurance, regulators and central bank credit exist to cover that gap.

#follow

Block has applied to the Office of the Comptroller of the Currency for a national trust bank charter, the payments company behind Square and Cash App said on Tuesday.
Builders Bank & Trust would be uninsured and non-depository, taking no deposits and making no loans. Its business would be custody of Bitcoin and other digital ***** ets, executing customer buy and sell orders on a riskless principal basis, and stablecoin settlement.
Block has run digital ***** et services for about eight years under more than 50 state money transmitter and virtual currency licenses, the application says, handling around $10.7 billion in Bitcoin transaction volume in 2025 and serving about two million monthly crypto users through Cash App by the second quarter. A federal charter, Block says, would let it support those activities "through a consistent national framework as the business scales."
Builders Bank would be headquartered in Sioux Falls, South Dakota, with no branches. All five proposed directors live elsewhere, and Block has asked the OCC to waive the rule requiring one to live within 100 miles. Lee Woolley, Block's digital ***** et strategy lead and a former Northern Trust and BNY Mellon executive, would chair it and serve as chief executive.
Dorsey himself is not among the organizers, directors or senior executives, and appears in the filing only as Block's co-founder. The business plan and capital figures went in as confidential exhibits, and the bank cannot open unless the OCC approves.

#block #digital #national

Russian oil producer Rosneft has commenced oil shipments from its Vostok Oil project following a commissioning ceremony overseen by Russian President Vladimir Putin via video link.
The first oil from the development was loaded onto the Valentin Pikul Arc7-class Arctic tanker at the Bukhta Sever port.
Rosneft CEO Igor Sechin and Russian Deputy Prime Minister Alexander Novak also participated in the event.
The Vostok Oil project consolidates a number of significant oil and gas deposits in the northern Krasnoyarsk Territory.
Rosneft estimates the project's resource base at seven billion tonnes (bt) of oil with sulphur content ranging between 0.01% and 0.1%.

#russian #rosneft #president

USA Rare Earth (NASDAQ: USAR) is quickly becoming one of America's most strategically important mining companies, at least if the economy, technology, and national security count for anything.
Why all the attention? Two words: rare earths. Indeed, rare-earth metals, as their name suggests, are a class of elements that are tough to find in economically useful deposits. They are essential to everything from smartphones and electric vehicles (EVs) to fighter jets and guided missiles, and China controls most of the world's capacity to process them.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
USA Rare Earth is one of only a handful of American companies that control a rare-earth deposit on American soil. Its goal is to extract rare-earth elements from a deposit in Texas, process and separate them domestically, and turn them into permanent magnets for American companies out of its factory in Oklahoma.
For some time, this has been at the heart of USA Rare Earth's growth thesis; none of it is new. What is new, however, is its pending acquisition of Serra Verde, which could turn USA Rare Earth from a would-be miner with an uncertain start date into the owner of an operating rare-earth mine. That deal will likely close before its next earnings report -- expected in early November -- and could set the stage for a huge rally.

#american #Companies #time

JEPQ, DGRW, and JAAA together can convert a $250,000 life insurance lump sum into monthly deposits that replicate a working spouse's paycheck.
A $100,000 JEPQ allocation buys roughly 1,695 shares at $59, generating $8.46 annualized per share in monthly income with 18% yearly price gains.
JAAA's AAA-rated CLO holdings pay $2.70 per share annually with near-zero volatility, acting as the stable floor when equity markets drop.
Read More: Avoid these 13 retirement mistakes before they derail your future (sponsor)
Six weeks ago, the insurance company wired $250,000 into your checking account, and there it sits, earning almost nothing while you try to remember what day it is. That is fine. Life insurance death benefits are generally income-tax-free to the beneficiary, and no rule says grieving people have to make portfolio decisions on a schedule. When you are ready, though, three funds can turn that lump sum into a monthly deposit that behaves a lot like the paycheck your spouse used to bring home: JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), WisdomTree U.S. Quality Dividend Growth Fund (NASDAQ:DGRW), and Janus Henderson AAA CLO ETF (NYSEARCA:JAAA).

#life

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Summary: Bread Savings, formerly known as Comenity Direct, is a division of Bread Financial — a financial services company that offers personal and business banking products.
The high-yield savings account from Bread currently offers a competitive 4% APY (interest is compounded daily and credited monthly) with no monthly fees. The minimum opening deposit is $100. Bread Savings offers free ACH transfers, free online statements, free incoming wire transfers, and unlimited deposits via mobile check capture and ACH transfer.
Bread Savings offers CDs with terms ranging from three months to five years, and rates up to 4.15% APY. The minimum opening deposit for CDs is $1,500. There are no monthly maintenance fees. Interest is compounded daily and credited monthly.
Bread Savings does not charge many fees. However, you may be charged the following fees for specific services:

#financial

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No doubt you've seen an "FDIC-insured" or "Member FDIC" sign on the wall of a bank or at the bottom of a bank website homepage. Almost all banks, including online banks, are insured by the Federal Deposit Insurance Corporation (FDIC).
The FDIC is an independent government agency that insures money people deposit at a bank. If the bank fails, the FDIC repays up to $250,000 per person, per ownership category at each FDIC-insured bank.
The FDIC was created in 1933 in response to the turmoil of the 1929 stock market crash. Following the crash, people rushed to withdraw their money from banks. As a result of these bank runs, as many as 9,000 banks failed and $7 billion dollars in deposits were lost, wiping out the life savings of millions of Americans.
President Franklin D. Roosevelt signed the Banking Act of 1933, establishing the FDIC to restore trust in the US banking system. The FDIC reports that since then, no one has lost any FDIC-insured money due to a bank failure.

#fdic #bank #money #crash

Artisan Partners, an investment management company, released its second-quarter 2026 investor commentary for the "Artisan Global Opportunities Strategy". The letter can be downloaded here. Global equities rebounded sharply during the quarter, with the MSCI ACWI Index returning 15.3% as resilient economic growth, strong corporate earnings, and continued enthusiasm around artificial intelligence supported markets despite persistent inflation, higher bond yields, and geopolitical uncertainty. The portfolio reported strong absolute returns of 12.65% (net) but underperformed the benchmark, mainly because of its underweight exposure to information technology and overweight position in health care. Strong stock selection in technology and energy partially offset these headwinds. The fund continues to see attractive long-term opportunities across AI infrastructure, health care and consumer internet, while remaining disciplined on valuation as several AI-related stocks have appreciated sharply. Management remains focused on durable franchises with identifiable profit cycles and attractive long-term earnings potential. Also, check the Strategy's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Artisan Global Opportunities Strategy highlighted Robinhood Markets, Inc. (NASDAQ:HOOD) as a new holding. Robinhood Markets, Inc. (NASDAQ:HOOD) is a US-based financial services company that provides a trading platform for stocks, exchange-traded funds, American depository receipts, options, gold, and cryptocurrencies. On September 01, 2026, Robinhood Markets, Inc. (NASDAQ:HOOD) closed at $103.51 per share. Robinhood Markets, Inc. (NASDAQ:HOOD) returned 14.18% over the past month and its shares have gained 5.10% over the past 52 weeks. Robinhood Markets, Inc. (NASDAQ:HOOD) has a market capitalization of $93.06 billion.
Artisan Global Opportunities Strategy stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q2 2026 investor letter:
"During the quarter, we initiated positions in Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood Markets operates a financial services platform offering brokerage, cash management and other investing products. We initiated a GardenSM position following share price weakness driven in part by lower crypto prices, which we viewed as an attractive entry point into a business with a long runway for growth. Despite the crypto headwind, Robinhood has continued to grow deposits at a strong rate, reflecting the platform's ability to attract and retain customer ***** ets. We believe Robinhood can continue gaining market share in the retail wealth market through its leadership in active trading and by expanding its suite of retirement, banking, lending and credit products. As the company has gained market share and increased its base of long-term customer ***** ets, we see a multiyear opportunity for potential revenue growth and margin expansion."

#opportunities #strong #strategy

For years, the world's largest banks watched stablecoins from the sidelines, treating them as a threat to deposits and traditional payment rails. That era appears to be over.
A consortium of 21 financial institutions, including Goldman Sachs, Bank of America, Citigroup, Deutsche Bank, UBS, Wells Fargo, Barclays and Santander, is planning to form a company that would issue a stablecoin pegged to the U.S. dollar, with a launch targeted for the first half of 2027, according to Reuters.
A stablecoin is a digital token designed to hold a steady value, typically backed one-to-one by a traditional currency like the U.S. dollar, and used for payments, trading and moving money across borders.
Related: 50 major hacks cost crypto investors $136M in August
The effort started smaller.

#goldman #sachs #wells

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Airbnb doesn't have its own credit card, but you can use certain rewards credit cards to help cover your Airbnb expenses or earn more on your stays. This could help you save money if you're a frequent Airbnb guest.
Why we like it: The Capital One Venture Rewards lets you redeem miles toward past travel purchases, often including Airbnb stays. This allows you to completely cover your Airbnb purchase using credit card rewards, which isn't an option on every rewards card.
Read our full Capital One Venture Rewards review
Why we like it: The Chase Sapphire Preferred provides 2x points on eligible Airbnb purchases, and it's easy to redeem Chase Ultimate Rewards points for Airbnb stays. You can redeem rewards for Airbnb gift cards, statement credits to cover your balance after paying for a stay, or deposits into an eligible bank account.

#rewards #venture #chase

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Automating your savings contributions is one way to ensure you save consistently and effortlessly. However, if you're going to put your savings on autopilot, it's important to do it the right way.
Automating your savings means setting up a system where a portion of your income is regularly transferred to a savings account or investment account without any manual effort on your part.
For example, you could have your employer direct a percentage of your paycheck to your retirement account. Or you could set up a monthly transfer from your checking account to your savings account.
And considering that some savings accounts still offer interest rates as high as 4% (or even more in some cases), you want to make sure you're making regular deposits to your account and taking advantage of that compound interest.

#account #you 're #advertiser #offers

By Jonathan Stempel
Aug 31 (Reuters) - A U.S. judge said the former parent of Silicon Valley Bank cannot pursue a $1.71 billion claim against the FDIC stemming from ‌the bank's March 2023 collapse, one of the largest U.S. bank failures.
In a ‌206-page decision on Friday, U.S. District Judge Beth Labson Freeman in San Jose, California, held that a trust that took over the parent's claims was responsible for former executives' ill-fated decisions to try boosting profit by investing heavily in long-term government bonds and mortgage-backed securities.
Silicon Valley Bank collapsed after rising interest rates caused at least $4.52 billion of losses in the bank's investment portfolio, sparking a bank run that ‌disrupted many technology startups whose deposits ⁠it held.
Most of the bank's deposits were uninsured. The bank's demise presaged the collapses of two other large lenders in 2023, Signature Bank and ⁠First Republic Bank.

#former #deposits

The take-or-pay agreements that bears read as a cap on upside are the same ones that put a priced floor under Micron's worst case.
Micron Technology (MU) stock has returned nearly 700% over the past year and still trades at about 77% of its 52-week high. The argument worth having about it is not where DRAM prices go next. It is about the supply contracts the company signed during the shortage, and what they do to the bottom of the next cycle rather than the top of this one.
Customers Committed $100 Billion At Micron's Minimum Prices
The 16 strategic customer agreements are take-or-pay: binding commitments to buy specific volumes, typically over a five-year term to the end of calendar 2030. Fourteen of them carry ******* ulative revenue at the contracts' minimum prices of roughly $100 billion over the remaining term. That is a floor spread across the whole term rather than a year's worth, against $90.3 billion of revenue in Micron's last twelve months alone. The $100 billion is a minimum-price figure, not an expectation: management says it expects revenue under the agreements to run well above that minimum. Micron projects $22 billion of cash deposits and related financial commitments from those customers, deposits it holds while the agreements run and returns over time. The committed supply is DRAM, including HBM as appropriate, and NAND, the products behind an HBM4 ramp and a 1 gamma DRAM node on track to be among the highest-volume nodes in Micron's history.
Micron's Operating Margin Was Negative Three Years Ago

#prices #micron #committed

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Airbnb doesn't have its own credit card, but you can use certain rewards credit cards to help cover your Airbnb expenses or earn more on your stays. This could help you save money if you're a frequent Airbnb guest.
Why we like it: The Capital One Venture Rewards lets you redeem miles toward past travel purchases, often including Airbnb stays. This allows you to completely cover your Airbnb purchase using credit card rewards, which isn't an option on every rewards card.
Read our full Capital One Venture Rewards review
Why we like it: The Chase Sapphire Preferred provides 2x points on eligible Airbnb purchases, and it's easy to redeem Chase Ultimate Rewards points for Airbnb stays. You can redeem rewards for Airbnb gift cards, statement credits to cover your balance after paying for a stay, or deposits into an eligible bank account.

#rewards #card #venture

On August 27, CIBC (NYSE:CM) reported third-quarter results that pushed adjusted earnings per share to $2.73, up 26% from a year earlier and marking the ninth consecutive quarter of double-digit EPS growth. Adjusted net income climbed to $2,648 million on revenue of $8,368 million, up 15% year over year, and return on equity reached 16.8%, up 260 basis points from the same quarter last year. The headline numbers describe a bank firing on multiple cylinders at once, even as management flagged pockets of strain underneath.
Capital Markets net income grew 34% year over year to $722 million, powered by equity trading and financing activity. Canadian Personal and Business Banking delivered $948 million in net income, up 17% from a year ago, while net interest margin climbed to 304 basis points, up 3 basis points sequentially on higher loan and deposit margins. In the US segment, net income rose 23% to $320 million, helped by lower provisions for loan losses and a revenue increase, even as net interest margin slipped 14 basis points sequentially to 3.76%. CIBC's efficiency ratio tightened by 200 basis points from a year earlier, the 12th straight quarter the bank has generated positive operating leverage, a sign revenue is outrunning costs rather than expenses eating into the gains.
Wealth Management showed similar strength, with ******* ets under administration and ******* ets under management both up more than 20% year over year and credit fees rising 25% on strong corporate lending and financing activity. Investor's Edge, the bank's self-directed investing platform, posted 34% growth in new account openings, and the managed mass affluent client base grew 4%, supporting a 12% increase in money-in balances. CIBC also returned capital to shareholders through 7.5 million shares repurchased during the quarter, and CEO Harry Culham pointed to the newly launched CIBC AI 2.0 agentic workspace and the CIBC AdvisorAssist platform, which he said cuts advisers' administrative documentation time by up to 50%.
Not every line moved in CIBC's favor. The Common Equity Tier 1 ratio slipped 19 basis points sequentially to 13.4%, as organic capital generation was offset by share buybacks and a $269 million charge, $232 million after tax, related to CIBC's planned sale of its Caribbean banking unit, CIBC Caribbean Bank Limited. Provisions on impaired loans climbed $64 million sequentially to $612 million, which CIBC linked to a handful of one-off credit issues inside its Canadian Commercial Banking and Capital Markets books rather than any broader deterioration. Total deposits fell 1% year over year, and GIC balances dropped 10% as clients shifted funds into higher-margin managed mutual fund products.

#income #banking

Tuniu Corporation's (NASDAQ:TOUR) ADSs closed lower after the company reported its second-quarter results. Net revenue increased 3.0% year over year to RMB138.9 million, while packaged-tour revenue rose 6.8% to RMB121.1 million as organized tours continued to grow.
However, cost of revenue increased 27.9% to RMB62.5 million, substantially outpacing the top line. Gross profit declined 11.1% to RMB76.4 million, and gross margin contracted to 55.0% from 63.8%. Tuniu consequently swung to a RMB6.1 million operating loss from RMB7.1 million of operating income a year earlier.
Packaged-tour growth indicates that demand for Tuniu's core travel products remains intact. The company has been expanding small-group, private and customized tour offerings in response to demand for more personalized and flexible travel options.
Tuniu also remained marginally profitable below the operating line. GAAP net income attributable to ordinary shareholders was RMB0.7 million. Company-defined non-GAAP net income attributable to ordinary shareholders was RMB2.2 million after excluding share-based compensation and amortization of acquired intangible **** ets.
Liquidity provides additional room to absorb uneven travel demand. Tuniu ended June with approximately RMB1.0 billion in cash and cash equivalents, restricted cash, short-term investments, and long-term deposits. Management said during the earnings call that Tuniu generated RMB46.9 million of operating cash flow while recording RMB1.4 million of capital expenditures.

#tuniu #company #revenue #demand

KiiChain has integrated TRON (CRYPTO: $TRX) into its on-chain foreign exchange platform, adding support for 24/7 stablecoin payments, swaps and treasury operations across a network that carries more than $90 billion in circulating USDT (CRYPTO: $USDT).
The KiiChain App will support deposits, swaps and yield vaults for TRON-based **** ets, including USDT issued under the TRC20 standard. The companies said the connection is designed to give users and businesses continuous access to foreign exchange liquidity without relying on traditional banking hours.
KiiChain already serves more than 200 enterprise clients and 360,000 registered users. TRON DAO spokesperson Sam Elfarra said more than $500 million in on-chain FX transaction volume is already flowing through KiiChain on TRON, giving the integration an operating base beyond a standard network expansion.
More From Cryptoprowl:
MEXC TradFi Gala Concludes With Over 170,000 Registrations and $4.3 Billion in Daily Trading Volume

#kiichain #foreign #exchange

The institution the Office of the Comptroller of the Currency (OCC) conditionally approved on Aug. 14 cannot take deposits and cannot make a loan. It has no employees, no capital, and no opening date. If it fails to raise $20 million within 12 months, or fails to open within 18 months, the approval expires on its own terms. None of that is the interesting part.
The interesting part is the document, Corporate Decision #1385 , filed under OCC control number 2026-Charter-344521, grants preliminary conditional approval to World Liberty Trust Company, National ******* ociation, of Bay Harbor Islands, Florida, a limited-purpose national trust bank connected to World Liberty Financial, the crypto venture whose co-founders include Eric Trump, Donald Trump Jr., and Barron Trump. And before it grants anything, the letter sets out, in the regulator's own words, every objection that was filed against it.
Walmart Stock Is More Expensive Than Nvidia Amid Earnings Miss
SpaceX Stock Just Crashed Below Its IPO Price: Here's the Bull Case ******* ody Can Ignore
A Major Bitcoin Short Squeeze Is Taking MicroStrategy Stock Higher. What Comes Next.

#trust #fails #months

On August 13, StoneCo (NASDAQ:STNE) walked investors through a quarter that captures the central tension in its story right now: a credit business scaling faster than almost anyone expected, and a loan book showing real cracks under Brazil's stubbornly high interest rates. Revenue reached BRL 3.6 billion, up 2.5% year over year, but the more telling number sat inside the credit line, where the portfolio more than doubled to BRL 3.8 billion. That growth is exactly what management wants. What it costs is the story underneath.
StoneCo's credit portfolio doubling to BRL 3.8 billion year over year is the headline, but the composition matters just as much. Working capital solutions drove most of that expansion, and credit revenues jumped 153% to BRL 348.5 million as the book scaled and average rates rose. The company also began disbursing government-backed loans this quarter, which already total BRL 334.2 million. These carry lower risk and lower pricing because a government guarantee absorbs part of the loss on default, letting StoneCo price more aggressively for clients it once passed on.
Banking is building alongside credit. Retail deposits climbed 22.3% to BRL 10.8 billion, and that growth pushed funding costs down to roughly 85% of CDI, a direct benefit to margins. PIX QR code volume rose 44.3% to BRL 30.7 billion, outpacing card volumes and signaling where merchant transactions are headed. Meanwhile, the integration of Pagar.me into the core Stone platform folds online and physical sales into a single merchant account, the foundation for the company's new positioning as a bank for entrepreneurs rather than just a payments processor. On the shareholder side, BRL 3.0 billion in buybacks over the past year cut the share count by 40.3 million shares, which is why adjusted basic EPS rose 8.6% to BRL 2.40 even as net income slipped.
The credit expansion is not without cost. Cost of risk climbed to 21.5% from 20.2% a year earlier, and non-performing loans over 90 days nearly doubled to 8.60% from 4.67%, as loan vintages from late 2025 and early 2026 rolled forward into delinquency. Coverage fell to 203.6% from 279.9%, reflecting both a shift toward better-rated and government-backed loans and the mechanical lag between rising NPLs and write-offs.
The pain is concentrated at the high end. On the dedicated desk that serves larger clients, some defaults have come in above BRL 10 million, including an BRL 11 million default from a long-standing client that filed for bankruptcy protection and caught the company off guard. Management also flagged that a liquidated card issuer could require additional provisioning depending on how a pending litigation matter resolves.

#year #million #government #management

Key Takeaways
XRP's strongest early payments argument was capital efficiency, not merely speed: institutions could source liquidity when a payment occurred, rather than keeping money pre-funded around the world.
That gap is narrowing fast. JPMorgan now offers eight-currency blockchain deposit accounts with onchain FX, while Citi says its 24/7 network can reduce pre-funding across more than 40 markets.
XRP still has a role in situations where bank networks are fragmented or local FX liquidity is poor, but it increasingly has to compete with tokenized deposits and stablecoins, including Ripple's own RLUSD.
For years, XRP had an obvious target in cross-border payments: banks could send a SWIFT message quickly, but actually moving and settling money remained slower and capital-intensive.

#payments #liquidity #takeaways #strongest

Interested in Tuniu Corporation? Here are five stocks we like better.
Revenue increased 3% year over year to RMB 138.9 million, while Tuniu achieved its sixth consecutive quarter of non-GAAP profitability. However, gross profit fell 11% to RMB 76.4 million as expenses rose and demand shifted toward lower-margin self-guided products.
Outbound travel remained a key headwind: transaction volume for Middle East and Africa travel declined more than 20%, reducing outbound tours' share of gross merchandise value to about 30% from over one-third a year earlier. Domestic travel stayed steady, with small-group and private tours showing strong demand.
Tuniu expects third-quarter revenue of RMB 202.1 million to RMB 212.2 million, representing year-over-year growth of 0% to 5%. The company ended June with approximately RMB 1 billion in cash, investments and deposits, while expanding premium, customized and livestream-driven travel offerings.
Tuniu (NASDAQ:TOUR) reported second-quarter 2026 revenue growth and its sixth consecutive quarter of non-GAAP profitability, while management said uncertainty in some outbound travel destinations and a shift toward lower-margin self-guided products affected profitability.

#tuniu #revenue

Associations that represent banks scattered across U.S. states are planning to launch their own blockchain network.
A consortium of 39 state banking ******* ociations plans to launch a new bank-run blockchain network to facilitate financial innovations, including tokenized deposits and stablecoins.
The 39 ******* ociations have signed onto the "BankChain Alliance" that aims to build the blockchain network by 2027.
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Canadian Defense Tech Firm Jumps 92% as Government Revenue Boosts Margins

#associations

SPAXX tracks T-bill yields near 4% but its 0.42% expense ratio ranks among the highest in its money market peer group.
VMFXX runs historically cheaper than SPAXX, and FDLXX delivers state-tax advantages, giving cost-focused investors two direct upgrades to consider.
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If you have a Fidelity brokerage account, there is a good chance your uninvested cash is already sitting in Fidelity Government Money Market Fund (NASDAQ:SPAXX) and you have never given it a second thought. Fidelity parks uninvested cash in SPAXX by default, and most investors never look. That is fine for a while. It becomes expensive the moment short rates start moving and you do not notice.
SPAXX is a government money market mutual fund run by Fidelity that holds short-term U.S. government securities, Treasury repurchase agreements, and cash. Its job is simple: preserve $1 per share, pay interest daily, and stay liquid. It sits inside the Fidelity Hereford Street Trust and doubles as the core position, meaning it is where trade proceeds, dividends, and deposits land automatically until you invest them.

#spaxx #money #fund

Micron (MU) CEO Sanjay Mehrotra sold $37 million in shares a month before announcing $22 billion in deposits and demand outpacing supply by 50%.
Three Micron executives sold shares at prices reaching $1,095 in July, even as take-or-pay contracts locked in roughly $100 billion in minimum revenue.
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From a construction site at Micron Technology's (NASDAQ:MU) Boise fab on Wednesday night, CEO Sanjay Mehrotra delivered the most bullish demand statement of his tenure. He told Jim Cramer that customers have put down $22 billion in cash deposits on take-or-pay contracts and still want 50% more memory than Micron can commit. Cramer called the Boise site "exhibit A" that America still has manufacturing.
One month earlier, Mehrotra was a seller. On July 24, 2026, he disposed of 40,000 shares at prices ranging from roughly $906 to $966, worth about $37 million. The insider filing shows the sale executed across 40 separate lots, with reported execution prices between $906.48 and $965.85.

#prices

Nu Holdings (NYSE: NU) has been an incredible long-term success story. Founded in 2013, the online-only bank now has nearly 140 million customers across just three countries: Brazil, Colombia, and Mexico. Year-over-year revenue growth has consistently been in the double digits, sometimes exceeding 100%.
Some ***** ysts worry that the fintech's biggest days of growth are behind it. After all, the competition is catching on to Nu's ***** et-light business model. But a few key figures from the company's recent quarterly earnings announcement suggest that the fintech stock remains a long-term buy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
As I detailed earlier this month, Nu is facing increased competition, but its competitive advantages continue to give it a durable edge. In recent years, competing banks have acquired more customers, but at the expense of declining credit quality and rising deposit costs. Meanwhile, Nu has been able to maintain high revenue and customer growth without sacrificing borrower quality or net interest margins.
This quarter, the company posted a consolidated cost of deposits of 88% the interbank rate, three percentage points lower than a year ago. Its efficiency ratio (a measure of how well the bank is managing operating costs) and ***** et quality metrics also improved.

#NVIDIA #signal #quality #term