Florida-based EverBank Financial has reached a deal to pursue a reverse merger with a smaller bank in the Pacific Northwest, WaFd, the companies said. The deal would create a regional bank with some $75 billion in assets.
U.S. Treasury yields hit 4.8%, the highest of President Trump’s presidency, this week. Yields have also risen in Japan, where the 10-year yield hit 3% for the first time in 30 years, and just as much in Europe. France’s 10-year yield, at 4.21%, is up 0.65 percentage points this year. Britain’s, at 5.15%, is up 0.67 points.
S&P 500 per-share earnings rose 53% and sales grew nearly 16% in the second quarter, driven by consumer spending and tariff refunds.
The U.S. IPO market is on track for a record year, with traditional offerings raising $137 billion so far this year.
Vanguard Group has struck a roughly $4 billion deal to acquire fintech platform Altruist. Vanguard plans to keep Altruist as a stand-alone business, retaining its current leadership and brand.
Banks typically hold only 8 cents worth of T-bills per dollar of assets, while a $1 stablecoin is typically backed by almost 80 cents worth of T-bills.
At the end of 2025, traditional IRAs held about $15 trillion while Roth IRAs held about $2 trillion.
52% of Gen Z investors redirected funds meant for investing into sports betting in the past year. 26% of Gen Zers see this as a long-term financial strategy.
There is over $3 trillion in retail money-market funds, hovering around a record high not including the trillions of institutional dollars sitting in money-market funds.
