UBS Profit Jumps 80% to $3 Billion as Trading Boosts First-Quarter Results
UBS reported an 80% surge in first-quarter profit to $3 billion, beating expectations as trading revenue strengthened performance.
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UBS reported an 80% surge in first-quarter profit to $3 billion, beating expectations as trading revenue strengthened performance.
Tether has accumulated roughly 140 tonnes of physical gold worth about $23 billion, making it the world’s largest private holder of the metal. The stablecoin issuer is buying up to two tonnes per week as it positions itself as a gold-backed financial powerhouse.
European markets slipped on Thursday as the Swiss National Bank kept rates at 0% and investors digested the Federal Reserve’s latest quarter-point cut alongside signals that further easing may prove difficult.
The United States and Switzerland agreed on a framework trade deal that cuts U.S. tariffs on Swiss exports from 39% to 15% and secures $200 billion in Swiss investment in the U.S. through 2028.