Group 1 - The article discusses the growing acceptance of Exchange Traded Funds (ETFs) within investment portfolios, highlighting a shift in perspective from skepticism to appreciation [1] - The author emphasizes a focus on dividend investing, particularly in quality blue-chip stocks, Business Development Companies (BDCs), and Real Estate Investment Trusts (REITs) [1] - The investment strategy is characterized as buy-and-hold, prioritizing quality over quantity, with a goal of supplementing retirement income through dividends within the next 5-7 years [1] Group 2 - The author expresses a desire to assist lower and middle-class workers in building investment portfolios that consist of high-quality, dividend-paying companies [1] - There is an aspiration to provide investors with a new perspective aimed at achieving financial independence [1]

智通财经APP获悉，国际大行瑞银(UBS)近日发布研报称，全球范围内的数字广告市场即将迈向"U型复苏"的强劲增长轨迹，其中人工智能(AI)所驱动的数字 广告平台技术重构与生产率变革将是未来3-5年核心发展趋势。瑞银覆盖全球众多广告主的一项调查显示，2025年数字广告市场预算增速经历年初增长之 后，在4-5月因特朗普政府向全球发起的史无前例关税战役而相对低迷，从6月开始加速反弹，预计随着AI驱动的广告投放工具加速渗透，以及宏观不确定性 (如关税)缓解和消费者需求展现韧性，下半年开始广告预算有大规模集中释放(budget flush)的可能性。 瑞银在研报中表示，全球众多市场营销人员倾向于用完全年预算而非浪费，因此下半年广告支出加速的概率上升——这一判断也反映在瑞银新的全年预测 中：2025年数字广告预算增长预期从原先的9.3%上调至11.0%，几乎回到年初水平。鉴于第二季度广告预算走势明显好于预期，瑞银已不再认为下半年会出 现广告支出"衰退"的极端情景。 | | 2025A | 3025E | A bps | 2024A | 3025E | A bps | 2024A | 2025E | A bps | Old ...

Group 1: Streaming Industry Trends - Streaming viewership surpassed the combined total of broadcast and cable viewership for the first time in May 2025, with streaming viewership increasing by 71% over the past four years, while broadcast and cable viewership dropped by 21% and 39%, respectively [1] - The programmatic ad market is massive, with estimates indicating that 91% of digital advertising and at least 56% of total global advertising is programmatic, and global advertising spending is expected to reach $1 trillion this year [6] Group 2: The Trade Desk Overview - The Trade Desk operates as a Demand Side Platform (DSP), executing programmatic advertising purchases on behalf of its clients [3] - The Trade Desk adds value by providing clients with a wealth of useful data during the ad bidding process [4] Group 3: Financial Performance and Valuation - The Trade Desk's stock experienced a decline after missing earnings estimates for the first time in eight years in Q4 2024, leading to valuation metrics dropping significantly below historical averages, with the price-to-sales ratio being 82% off its five-year average [9][11] - Despite the earnings miss, The Trade Desk reported a 22% year-over-year sales growth to $741 million in Q4 2024 and a full-year sales growth of 26%, surpassing $2.4 billion [12] - The company reported encouraging Q1 2025 results with a 25% growth in sales reaching $616 million year-over-year, and operating income nearly doubled from $28.7 million to $54.5 million [12] - The Trade Desk is in a strong financial position with $1.7 billion in cash and investments, current assets of $4.9 billion, and $386 million in common stock repurchased during the quarter [13] Group 4: Investment Potential - The Trade Desk is considered to be growing rapidly, in great financial shape, and significantly undervalued, making it an attractive buy for investors at this time [14]

Core Insights - DeFi Technologies Inc. has launched eight new SEK-denominated exchange-traded products (ETPs) through its subsidiary Valour, expanding its offerings to over 75 ETPs and reinforcing its position in the digital asset market [1][2][9] Group 1: New ETP Listings - The newly listed ETPs include Valour Bitcoin Cash (BCH), Valour Unus Sed Leo (LEO), Valour OKB (OKB), Valour Polygon (POL), Valour Algorand (ALGO), Valour Filecoin (FIL), Valour Arbitrum (ARB), and Valour Stacks (STX) [9][10] - These ETPs provide regulated, exchange-traded access to leading blockchain protocols and infrastructure projects, catering to growing investor demand for diversified digital asset exposure [9][14] Group 2: Market Position and Goals - Valour aims to achieve 100 listed ETPs by the end of 2025, with the recent additions solidifying its leadership in the regulated digital asset investment space [14][15] - The company has surpassed 75 ETPs, delivering the broadest lineup of digital asset ETPs across major European exchanges, including Spotlight Stock Market, Börse Frankfurt, and Euronext [14][15] Group 3: Executive Commentary - Johanna Belitz, Head of Nordics at Valour, highlighted the strong demand in the Nordic market for transparent and regulated exposure to digital assets [13] - Elaine Buehler, Head of Product at Valour, emphasized the strategic curation of products that reflect the evolving architecture of Web3, aiming to provide compliant exposure to foundational infrastructure and high-utility ecosystem tokens [13]

Group 1 - KKR has priced an offering of $550 million in new 6.875% exchange traded subordinated notes due in 2065 [1] - The fixed coupon on these notes will be paid quarterly, and KKR retains the option to redeem the notes early [1] Group 2 - The article mentions a focus on preferred stocks with varying compliance scores, indicating a range of investment options for different investor profiles [1]

Automation and streamlined operations enable greater speed, transparency, and value-added services to corporate clientsAUSTIN, Texas, June 30, 2025 /PRNewswire/ -- New Oracle Trade Finance and Supply Chain Finance cloud services are empowering banks to provide corporate and small- and medium-sized enterprise (SME) clients faster access to financing through streamlined trade processes. Oracle has introduced these new cloud services to unify operations and help manage the entire trade and supply chain finance ...

Summary of Morgan Stanley (MS) 2025 Conference Call Company Overview - **Company**: Morgan Stanley (MS) - **Event**: 2025 Conference held on June 10, 2025 - **Key Speaker**: Ted Pick, Chairman and CEO Core Industry Insights - **Financial Services Industry**: The discussion revolves around the investment banking and wealth management sectors, highlighting the complexities and opportunities within the current market environment. Key Points and Arguments Market Environment and Strategy - The current market is characterized by complexities such as the mass democratization of AI and energy transition, which will persist for decades [12][13][16] - Morgan Stanley's strategy focuses on raising, managing, and allocating capital globally, emphasizing the need for scale and relevance in wealth management and investment banking [12][15] Investment Banking Performance - The investment banking sector experienced a slow start in the quarter but showed signs of recovery with increased M&A activity and IPO announcements towards the end of the quarter [20][22] - Notable transactions included advising on the sale of Sovis to Motorola and AT&T's acquisition of Lumen's fiber business, each valued around $5 billion [21] Wealth Management Growth - Morgan Stanley holds a $6 trillion position in a $60 trillion wealth management market, representing only a 10% market share, indicating significant growth potential [34] - The firm aims to enhance its client acquisition strategy, focusing on increasing penetration in bank products and alternative investments [35][39][41] Regulatory Environment - The discussion on deregulation emphasizes the need for a repositioning of regulations rather than a reduction, to adapt to rapid technological advancements and maintain relevance in the financial ecosystem [50][53] - The firm has excess capital and aims to leverage this for growth opportunities while ensuring compliance with evolving regulations [56] Financial Performance and Targets - Morgan Stanley is close to achieving key financial targets, including $10 trillion in client assets and a 30% pretax margin in wealth management [60][61] - The focus is on sustainable growth and consistency in earnings, with an emphasis on long-term value creation rather than short-term metrics [64][65] Future Outlook - The firm is optimistic about the growth trajectory in both wealth management and investment banking, with a strong emphasis on innovation and client engagement [48][59] - The strategy includes a focus on durable markets, investment management, and the integration of technology to enhance service delivery [47][49] Additional Important Insights - The importance of maintaining a culture of rigor, humility, and partnership within the firm to navigate complexities and uncertainties in the market [26] - The potential for inorganic growth opportunities as the regulatory environment evolves, allowing for strategic acquisitions [58] This summary encapsulates the key discussions and insights from the Morgan Stanley conference call, highlighting the company's strategic direction, market challenges, and growth opportunities in the financial services industry.

Core Viewpoint - JX Luxventure Group Inc. has been recognized for its commitment to social responsibility and innovation in the wholesale trade and tourism sectors, receiving two prestigious awards at the 2025 China Brand Boao Summit [1][2]. Company Overview - JX Luxventure Group Inc. is headquartered in Haikou, China, and operates in the wholesale trade sector, focusing on duty-free and cross-border consumer goods [3]. - The company provides integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to enhance the distribution of tourism-related products [3]. Awards and Recognition - The company was awarded the 2025 (Industry) Most Socially Responsible Enterprise Award at the 2025 China Brand Boao Summit [1]. - CEO Sun "Ice" Lei received the 2025 (Industry) Brand Influence Figure Award, highlighting the company's leadership in the industry [1][2]. Commitment to Sustainability - The company emphasizes its dedication to innovation, sustainability, and social impact through its proprietary aggregated supply chain system, which prioritizes carbon reduction [2]. - Initiatives in education, rural revitalization, and global philanthropy reflect the company's commitment to creating shared value for society [2].

唐力表示，下一步，天津金融系统将充分利用好适度宽松的货币政策，综合运用多种金融工具，加大面 向京津冀协同发展各领域资金供给。强化协同机制，深化三地新一轮金融合作协议落实，形成共建共 享"一盘棋"。 持续推动租赁和保理行业创新发展 天津市作为国家租赁创新示范区和全国商业保理之都，融资租赁、商业保理等特色金融业态经历了从无 到有、从有到强的过程，未来，天津市在推动特色金融创新发展方面有哪些举措？ 天津市地方金融管理局一级巡视员黎红表示，目前，天津市率先探索推出保税租赁、离岸租赁、绿色租 赁等数十种新的业务模式，开展了司法、外汇、海关等多方面创新试点，出台国内首个绿色租赁和绿色 保理团体标准，填补了国内空白。截至2024年末，融资租赁（含金融租赁）资产规模超2.3万亿元，船 舶海工等跨境租赁业务全国占比90％以上，商业保理资产规模超3000亿元，保理融资款余额超2500亿 元，保持全国领先优势。租赁公司服务中小微企业资产余额5760亿元，同比增长15％，全市绿色租赁资 产余额5574亿元，同比增长16％。 下一步，天津市将持续推动租赁和保理行业创新发展。在融资租赁方面，重点打造飞机租赁、船舶租 赁、出口租赁离岸贸易 ...

21Shares AG LEI: 254900UWHMJRRODS3Z64 8 May 2025 Publication of Base Prospectus The following Base Prospectus has been approved by the Financial Conduct Authority and is available for viewing: Base Prospectus dated 8 May 2025 (the “Base Prospectus”) relating to the Exchange Traded Products Programme of 21Shares AG. To view the Base Prospectus in full, please paste the following URL into the address bar of your browser: https://www.21shares.com/en-eu/ir/prospectus A copy of the Base Prospectus will be s ...