Robert J. Collier Trophy-winning technology reaches a major milestone as availability continues to expand
, /PRNewswire/ -- Garmin (NYSE: GRMN) today announced that more than 2,500 aircraft are now equipped with Garmin Autoland, a major milestone achieved just over six years after the technology's initial certification. Now available on more than 15 aircraft models, including piston-powered aircraft and twin-engine jets, Autoland is bringing added peace of mind to a growing number of pilots and passengers across the aviation industry. Recipient of the prestigious Robert J. Collier Trophy and numerous other industry honors, Garmin Autoland is the world's first certified autonomous system that activates during an emergency to control and land an aircraft without human intervention.
More than 2,500 aircraft are now equipped with Garmin’s revolutionary Autoland system "Surpassing 2,500 Autoland-equipped aircraft reflects the incredible adoption of a technology designed to provide pilots and passengers with added confidence when it matters most. From the first certification in 2020 to the expansion in the general aviation market and now into twin-engine jets, Garmin Autoland continues to demonstrate certified, real-world capability across a growing range of aircraft and flight decks."
– Phil Straub, Garmin Executive Vice President and Managing Director, Aviation
First certified in May 2020 on the Piper M600 SLS, Garmin Autoland has expanded across a diverse range of aircraft and can now be found on more than 15 certified models around the world. These include the Piper M600 SLS and M700 FURY; Cirrus Vision Jet G2, G2+ and G3, as well as the SR20 G7+, SR22 G7+ and SR22T G7+; Daher TBM 940, TBM 960 and TBM 980; HondaJet Elite II; select Beechcraft King Air 200, B200, 300 and 350 aircraft; Pilatus PC-12 PRO; and Epic E1000 AX.
In 2026 alone, Garmin Autoland received certifications on four additional aircraft models: the HondaJet Elite II, Embraer Phenom 300EV, Pilatus PC-12 PRO and Epic E1000 AX. The HondaJet Elite II and Phenom 300EV certifications mark the first availability of Garmin Autoland on twin-engine jet aircraft, extending the technology into a new segment of business aviation. Additionally, in 2027, Garmin Autoland certification is expected for Textron Aviation's Cessna Citation M2 Gen3, Cessna Citation CJ3 Gen3, Cessna Citation CJ4 Gen3 and the Beechcraft Denali.
Autoland availability has also expanded across Garmin integrated flight decks, including G1000® NXi, G3000® and G3000 PRIME. Of the more than 2,500 aircraft now flying with Autoland, nearly 250 were retrofitted after delivery, including eligible platforms that were initially delivered without the technology enabled as well as a full retrofit for King Air aircraft, giving new capabilities to an aircraft produced over 50 years ago.
Designed for an emergency situation, such as a pilot incapacitation, a passenger can activate Garmin Autoland to autonomously land the aircraft with a simple press of a dedicated button. Autoland can also activate automatically if the system detects no pilot interaction. Once activated, the system calculates a flight path to the most suitable airport, while avoiding terrain and adverse weather, initiates a stabilized approach to the runway and lands the aircraft – without pilot or passenger intervention. Garmin Autoland is designed to provide the pilot, passenger, and air traffic control (ATC) with confidence and security that the aircraft will autonomously aviate, navigate, and communicate en route to a safe destination during one of the most dire situations – an inflight emergency in which the pilot is unable to perform their normal duties as pilot in command.
Garmin continues to work with aircraft manufacturers and operators to bring Autoland to additional aircraft, building on a proven record of certified, real-world capability and expanding access to the safety-enhancing technology across the aviation industry. For more information, visit Garmin.com/Autoland.
Garmin products and services have revolutionized flight and become essential to the lives of pilots and aircraft owners and operators around the world. A leading provider of solutions to general aviation, business aviation, rotorcraft, advanced air mobility, government and defense, and commercial air carrier customers, Garmin believes every day is an opportunity to innovate. Visit the Garmin Newsroom, email our media team, connect with @garminaviation on social, or follow our blog.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, G1000 and G3000 are registered trademarks of Garmin Ltd. or its subsidiaries. All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 27, 2025, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). Copies of such Form 10-K are available at https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made, and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
MEDIA CONTACT:
Mikayla Rudolph
913-397-8200
[email protected]
On Sept. 11, Oklo (OKLO -1.33%) launched an at-the-market (ATM) equity program to sell up to $1 billion in shares. While this is a normal way for pre-revenue companies to raise money, Oklo is doing it rather frequently.
The nuclear energy company has sold stock multiple times since going public via a merger with a special purpose acquisition company (SPAC) on May 10, 2024, resulting in significant dilution for early shareholders.
Image source: The Motley Fool.
At the close of Oklo's SPAC merger, it had about 122.1 million outstanding shares. The share count had jumped to 186 million by June 30, 2026, and the company issued another 7.3 million shares under its May equity program. That brings the total number of outstanding shares to roughly 192.3 million, a 58% increase from when it went public.
Shareholders who bought on day one and haven't sold now own about 37% less of Oklo than they originally did. In fairness, the share price is up 311% (as of Oct. 12), so those investors have still made a profit.
However, the company's share price has recently dropped significantly, and it hit a 52-week low on Oct. 8. This is especially problematic because it means Oklo needs to sell more shares than before to raise the same amount of money. The May program sold about 18 million shares to raise $1 billion. Oklo stock trades at about $35 at the time of this writing. At that price, raising $1 billion would take about 29 million shares.
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Oklo is a high-risk, high-reward investment. One of the risks at this stage is significant shareholder dilution, which could continue until the company reaches profitability. If you've invested in Oklo or you're planning to invest, it's important to be aware of the risks and take a cautious approach.
Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
MONTEVIDEO, Uruguay, Oct. 14, 2026 (GLOBE NEWSWIRE) -- DLocal Limited (NASDAQ: DLO, “dLocal” or the “Company”), the leading cross-border payment platform connecting global merchants to emerging markets, intends to release financial results for its third fiscal quarter ended September 30, 2026 on November 12, 2026 after market close.
The Company will host a conference call and video webcast on November 12, 2026 at 6:00 p.m. Eastern Time.
Please click here to pre-register for the conference call and obtain your dial in number and passcode. The live conference call can be also accessed via audio webcast at the investor relations section of the Company’s website, at https://investor.dlocal.com/. An archive of the webcast will be available for one year following the conclusion of the conference call.
About dLocal
dLocal builds financial infrastructure for markets of the future, connecting global enterprises with local payment cultures across high-growth markets in Africa, Asia, the Middle East, and Latin America. Through the "One dLocal" concept (one direct API, one platform, and one contract), global companies can accept payments, send payouts, and settle funds globally without the need to manage multiple local entities and integrations. For more information, visit www.dlocal.com.
Forward Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements convey dLocal’s current expectations or forecasts of future events. Forward-looking statements regarding dLocal involve known and unknown risks, uncertainties and other factors that may cause dLocal’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors,” and “Cautionary Note Regarding Forward-Looking Statements” sections of dLocal’s filings with the U.S. Securities and Exchange Commission. Unless required by law, dLocal undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A Hyperliquid whale is taking profits on a bet that has paid off more than 20 times over. The wallet bought 257,928 HYPE tokens ago at just $3.5 per token, which cost approximately $903,000 in total. Six hours ago, it sent 100,276 HYPE, worth $8.17 million, to a Kraken deposit address.
How did the sale go?The tokens came out of Hyperliquid staking first, and the wallet then sent them directly to Kraken. One day earlier, the same wallet moved another 30,228 HYPE, worth $2.55 million, in the same way.
HYPE/USDT Chart by TradingViewTogether, the two transfers are worth approximately $10.7 million. At today's price near $82, the original position is worth around $21 million, a gain of approximately 2,200%. If the wallet has not sold anything else, it still holds approximately 127,000 HYPE, worth close to $10.4 million.
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Deposits to an exchange often point to a sale, so investors watch movements like this closely. Even so, the market has absorbed the selling without a crash. HYPE trades near $82 and is down approximately 16% from its recent high near $98. Volume is low, which suggests traders are not rushing for the exit.
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The chart is somewhat weak in the short term. The price has slipped below the 50-day average near $83.70 and the 20-day average near $86. The RSI sits in the low 40s, which points to fading momentum. The $79 area is the closest support, and the 100-day average near $76.50 is the next one below it.
Where does it go?The larger trend keeps eyeing high, as the long-term averages continue to rise. For buyers to take back control, HYPE needs to close above $84 and then reclaim $87.50. That would put $90 and $95 back in view. A close below $79 would be a warning, and it could send the price toward $76.
The key question is what the whale does next. Selling 130,000 tokens in days is a sign of profit taking, and more deposits to Kraken could add pressure while the price is soft. But one wallet is small next to the entire market, so the chart will matter more than any single seller.
Hypercall od června zaznamenal nominální objem 640 milionů USD, přičemž více než 80 % tvořily opce na S&P 500. Objem otevřených pozic dosahuje 49 milionů USD.
S&P 500 options are hot on Hyperliquid-based Hypercall exchange. (TyliJura/Pixabay)Summary
Hypercall has recorded $640 million in notional volume since June 1, with more than 80% coming from S&P 500 options.The platform offers daily, weekly and monthly expiries around the clock, settles contracts in USDC and has seen trading concentrate in options expiring the next day.Hypercall’s growth reflects rising demand for blockchain-based access to traditional markets, though its volume remains small compared with established options venues.Talk about options on the S&P 500 index, and you are discussing a beast of a market that trades trillions of dollars in notional volume every day. Crypto traders now appear to want to access it over a blockchain.
Hypercall illustrates the demand. The options platform built on Hyperliquid, the eighth-largest blockchain by total value locked (TVL), went live in June, and more than 80% of the $640 million in notional volume since then has come from S&P 500 options, the exchange told CoinDesk. Open interest, the value of contracts still outstanding, is about $49 million, of which $47 million is in S&P 500 options.
While the numbers are small next to traditional markets and Deribit's crypto options business, which started shortly after the platform’s 2016 debut and now routinely sees billions of dollars in daily volume and open interest, they illustrate a growing trend: the desire to access financial instruments when conventional markets are closed. Hypercall lists daily, weekly and monthly expiries, including over weekends.
"The volume is concentrated in options expiring the following day," Jake Sylvestre, founder of Hypercall, said in an email interview. "Traders can take a view on the next day's move or hold a position further out."
Traders are gravitating to blockchains for exposure to traditional markets, including derivatives. Hyperliquid’s decentralized exchange (DEX), also known as Hyperliquid, has become a go-to venue for placing trades and managing risk through perpetual futures, especially on weekends when conventional markets are closed and geopolitical tensions have repeatedly escalated.
The draw of 24/7Hypercall takes Hyperliquid’s perpetual futures into the options arena. An option is a contract that pays out if an asset ends up above or below — depending on the details — a set price by a specified date. A call option pays off when the asset finishes above that price at expiry. A put option works the other way round. Traders use both to hedge against price swings and bet on direction, volatility and time.
Each Hypercall contract has a $1 multiplier, which means each index point is worth $1 at settlement. A call with a 7,000 strike pays $100 if the index settles at 7,100. Contracts settle in USDC, a dollar-pegged stablecoin, against the average price over the final 30 minutes for Hyperliquid's S&P 500 perps.
Trading around the clock is the draw. "Hyperliquid has become the best venue for trading these markets outside exchange hours," Sylvestre said.
Hypercall’s exchange's market makers, the firms that quote prices, "hedge on Hyperliquid's perpetual futures, including on weekends when the cash equity market is closed," Sylvestre said. Earnings, economic data and company news can move an underlying asset while its home exchange is closed, and makers "have to price those events around the clock."
Hypercall isn't pitching itself as a replacement for Deribit, the Coinbase Global COIN-owned biggest crypto options venue, which mostly lists bitcoin BTC$83,212.45 and ether ETH$2,508.47 options.
Two market makers are active and three more are being onboarded.
"We haven't named them publicly yet and expect to over the next few weeks," Sylvestre said. "User collateral is held on-chain," it said, but "order matching is off-chain only." Parts of margining and liquidation also run off-chain.
Individual stocksIndex options aren't the only draw. Options on SpaceX SPCX, Nvidia NVDA, Micron Technology (MU) and SanDisk (SNDK) make up more than half of all trades, followed by Apple AAPL, Microsoft MSFT, Meta META, Alibaba (BABA), ether and bitcoin.
"The breadth is in single names," Sylvestre said.
Other platforms are adding stock options too. Bybit began offering 24/7-trading on options on stock perpetuals on Sept. 17, starting with SpaceX and Nvidia. Binance, the largest crypto exchange by value traded, offers options on more than 1,000 U.S. stocks and ETFs to eligible users outside the U.S.
Bitcoin (BTC) can still preserve its traditionally strong October performance, as onchain data points to a local BTC price bottom forming.
Key points:
Onchain data suggested that Bitcoin could still end October strong, following historical patterns. Bitcoin exchange reserves remained 1.7% lower than in mid-September, while whales avoided selling.Apparent demand neared a transition to positive readings for the second time in 2026.BTC price analysis flags “potential bottom” signalsNew analysis published on crypto analytics platform CryptoQuant Monday show onchain conditions in a state of “cautious optimism.”
Bitcoin continues to weather mixed macroeconomic and geopolitical headwinds, which include 24-year highs in US bond yields, rising oil prices and cooling capital inflows to exchange-traded products. These conditions have dampened optimism over Bitcoin delivering a strong performance in October.
“Now, signs of a potential bottom are emerging,” CryptoQuant contributor XWIN Research Japan wrote.
Since the start of October, conditions have changed to increasingly benefit crypto and risk assets. XWIN points to cooling expectations of interest-rate hikes by the Federal Reserve into 2027, boosting the odds of inflows improving. At the same time, markets expect more clarity over the US domestic political situation after the approaching Midterm Elections.
“Less political uncertainty after the vote could help investors reassess allocations,” XWIN continued.
Bitcoin exchange reserves, apparent demand and whale holdings give XWIN reasons to believe that October’s local low may have already occurred.
The BTC supply on exchanges has fallen from 2.726 million on Sept. 20 to 2.68 million as of Tuesday, a decrease of 1.7%, despite a modest increase over the past week.
At the same time, the combined holdings owned by large-volume investors, or whales, remain above 3 million BTC. The cohort’s urge to reduce exposure has survived BTC/USD dropping from $87,000 on Oct. 2 to near $80,000 on Oct. 8.
Bitcoin demand data stays bullish in OctoberApparent demand, a measure that compares newly mined BTC with changes in dormant supply, shows overall demand remains supportive.
The metric has been negative throughout 2026, with a brief period of positive 30-day readings in the second half of August. Since then, demand has been negative, but has recovered to near-neutral levels as of this week.
“These developments suggest conditions for a bottom are improving. Confirmation requires sustained ETF inflows, stronger US spot buying and continued demand recovery,” XWIN said.
“‘Uptober’ need not mean uninterrupted gains: a correction can build the foundation for the next advance.”Bitcoin apparent demand growth. Source: CryptoQuant
This week, crypto asset manager Bitwise said that Q3 onchain data pointed to “crypto spring” after historically significant performance. CryptoQuant CEO Ki Young Ju, meanwhile, announced what he saw as the start of a new crypto bull market in late August, calling the bear market “over.”
This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
Britský softwarový inženýr Lewis Barber žaluje BitMEX o 20 milionů £ za údajné neoprávněné nabízení kryptoderivátů britským klientům v letech 2018 až 2022.
Cryptocurrency exchange BitMEX has been named in a £20 million lawsuit filed by British software engineer Lewis Barber, who alleges the company offered unauthorized derivatives trading to UK customers between 2018 and 2022.
Summary
BitMEX faces a £20 million lawsuit from British software engineer Lewis Barber over cryptocurrency trading losses.
Barber alleges BitMEX offered regulated derivatives without authorization from Britain’s Financial Conduct Authority during trading activities.
The claim seeks Bitcoin lost between 2018 and 2022, relying on UK financial services legislation.
BitMEX said the legal claim had not been served on its operating company, HDR Global.
U.S. authorities fined BitMEX $100 million in January 2025 after its earlier Bank Secrecy Act conviction.
The Guardian reported on October 14 that Barber had filed the claim at London’s High Court against HDR Global Trading Limited, the Seychelles-based operator of BitMEX. Barber is seeking the return of Bitcoin he says he lost while trading cryptocurrency derivatives, or compensation of equivalent value. The claim had not been formally served on the company when the allegations became public.
BitMEX faces questions over unauthorized UK trading
Barber’s lawsuit centers on cryptocurrency derivatives, financial contracts that allow investors to speculate on price movements without directly owning the underlying assets. The products often involve leverage, which increases potential gains and losses.
Through his trading activity on BitMEX, Barber alleges he lost Bitcoin worth approximately £20 million between 2018 and 2022. His lawyers argue that the exchange lacked the necessary Financial Conduct Authority authorization to provide the disputed investment services to UK customers.
The claim relies on the Financial Services and Markets Act 2000, particularly provisions dealing with agreements entered into by companies conducting regulated activities without the required permissions.
The legislation provides that certain agreements involving unauthorized regulated activities may be unenforceable. Under specified conditions, affected customers can seek the return of money or property transferred through such agreements.
Barber’s lawyers contend that the provisions apply to his cryptocurrency trades. The court has not decided whether BitMEX breached the applicable rules or whether the investor is entitled to recover his losses.
The disputed transactions involved leveraged cryptocurrency derivatives and perpetual futures, products that allow traders to take positions using borrowed exposure. Such contracts can produce substantial losses when prices move against leveraged positions.
Investor says BitMEX promoted its products in Britain
The lawsuit includes allegations concerning how BitMEX marketed its trading services to potential customers.
Barber’s lawyers claim the exchange conducted promotional campaigns internationally without excluding the United Kingdom. The filing specifically refers to an advertisement published in The Times on January 3, 2019.
The legal team argues that the company’s promotional activities supported its efforts to attract customers in Britain, despite allegedly lacking the regulatory permissions required for certain derivatives products.
The statement of claim refers to an FCA warning issued around March 3, 2020. According to the reported filing, the regulator warned that BitMEX might have been conducting regulated investment activities in the UK without authorization.
Barber’s lawyers maintain that the transactions were therefore subject to the remedies available under British financial services legislation. However, the FCA warning cited in the lawsuit is not itself a court finding that the disputed contracts were unlawful.
Gareth Keillor, a partner at Seladore Legal representing Barber, said the case concerns cryptocurrency trading losses accumulated over several years.
“This is a substantial claim concerning losses sustained by Lewis over a number of years,” Keillor said.
He explained that Barber’s position is that BitMEX entered into the disputed transactions without the authorization required under UK law. The investor is consequently seeking the Bitcoin he lost or equivalent damages.
Keillor suggested that other UK customers may have entered similar agreements with the platform, although the merits of any separate claims would depend on individual trading records and circumstances.
BitMEX says the £20 million claim has not been served
The legal action became public weeks after BitMEX ended its cryptocurrency exchange operations.
The Seychelles-based platform voluntarily closed on September 23, 2026, following a strategic review of its business. The closure ended its trading services but did not prevent legal claims from being filed against its operating company.
Barber named HDR Global Trading Limited as the defendant in the High Court proceedings.
Responding to the reported lawsuit, a BitMEX spokesperson said, “No such claim has been served on HDR Global Trading Limited.”
The statement addressed the formal service of the claim and did not provide a detailed response to the allegations concerning UK regulatory authorization.
Filing proceedings and formally serving them on a defendant are separate legal steps. Service ordinarily gives the defendant notice of the case and an opportunity to respond within the applicable court timetable.
No defense filing, hearing date or judgment in Barber’s case was identified in the October 14 report.
Barber’s lawyers suggested that the proceedings could have consequences for other former customers who traded similar products through BitMEX.
Keillor said other UK residents may have entered comparable contracts, but he cautioned that any potential recovery would depend on the particular facts and trading history.
The legal team suggested that liabilities could reach hundreds of millions of pounds if additional investors brought successful claims. The estimate represents a possible scenario raised by Barber’s lawyers, not an established liability or damages award.
BitMEX has faced previous legal action in the U.S.
The latest case follows earlier enforcement proceedings against BitMEX and its founders in the United States.
In July 2024, HDR Global Trading Limited pleaded guilty to violating the Bank Secrecy Act after federal prosecutors accused the exchange operator of failing to maintain an adequate anti-money-laundering program.
The U.S. Department of Justice confirmed the guilty plea, stating that the company failed to establish sufficient customer identification and compliance procedures while conducting cryptocurrency derivatives business.
Prosecutors said the exchange allowed customers to open accounts using limited identifying information during part of the period covered by the investigation.
In January 2025, the Justice Department announced that BitMEX had been fined $100 million for the Bank Secrecy Act offense.
The sentence followed the company’s guilty plea and included a two-year probation period.
BitMEX founders Arthur Hayes, Ben Delo and Samuel Reed had previously pleaded guilty to related Bank Secrecy Act charges in 2022. They received financial penalties and sentences that did not require imprisonment.
President Donald Trump pardoned the three founders in March 2025.
The earlier U.S. proceedings concerned anti-money-laundering compliance and customer identification requirements. Barber’s lawsuit concerns a separate question involving the authorization needed to offer certain financial products in Britain.
Meanwhile, BitMEX has faced another civil action in New York, where investors accused the exchange of Bitcoin theft and insider trading. The company has denied those allegations.
Ben Delo, one of the exchange’s founders, has separately attracted attention in British politics after making a £36 million donation to Reform UK. Delo said the contribution was intended to support what he described as fair political competition.
Barber’s High Court claim seeks the return of Bitcoin allegedly lost through trading between 2018 and 2022, or equivalent damages. As of the October 14 report, BitMEX maintained that the proceedings had not been formally served on HDR Global Trading Limited.
Coinbase, která drží přibližně 5 % zásoby BTC, vyzvala k včasné přípravě Bitcoinu na přechod k postkvantovému zabezpečení; tento proces může trvat roky.
Recent rapid advancements in quantum computing technology have brought the quantum threat back to the forefront of security concerns for cryptocurrencies, particularly Bitcoin.
The possibility that sufficiently powerful quantum computers could break the current cryptographic systems of cryptocurrencies is raising concerns about the long-term security of digital assets. Therefore, the transition to quantum-resistant technologies and the preparation of existing networks against quantum attacks are becoming increasingly important in the crypto sector, and warnings are mounting. The latest warning comes from Coinbase.
Coinbase Issues Quantum Warning for Bitcoin! Coinbase, which holds approximately 5% of the BTC supply, stated that the Bitcoin network needs to prepare for cryptographic threats that quantum computers may pose in the future. It emphasized that the network should begin planning for a transition as soon as possible. Coinbase’s assessment noted that the transition process could take years.
The exchange stated that Bitcoin needs to proactively respond to potential cryptographic risks that may arise from quantum computers in the future.
At this point, an article titled “Working Together on Bitcoin’s Post-Quantum Readiness” written by Coinbase analyst Shashank Agrawal emphasized that Bitcoin’s transition to post-quantum security cannot be solved simply by choosing a new digital signature algorithm. The exchange added that many factors need to be considered together, including block space constraints, full node verification capacity, institutional asset custody requirements, compatibility with retail wallets, and how to handle non-transferable funds.
According to the company, developers, researchers, and other stakeholders in the crypto ecosystem need to work in coordination to protect the network against future threats.
At this point, Coinbase stressed that the transition could take years and that preparations needed to be completed before any quantum computing threat became a reality.
Coinbase also stated that the future of Bitcoins whose keys are lost or cannot be transferred by their owners, and which are held in old addresses, also needs to be addressed.
*This is not investment advice.
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XRP holders are looking ahead to two important dates in October as Ripple prepares for its annual Swell conference and the XRP Ledger approaches another round of protocol fixes.
The developments could put the XRP ecosystem in focus this month, with one event centered on institutional adoption and industry discussions, while the other concerns the network's technical infrastructure.
From October 27 to 29, 2026, leaders from finance, crypto, and the XRP community will come together for talks, panels, and discussions at the Swell event in New York. For the first time, Ripple combines Swell with Apex, the summit for developers, institutions, and investors building on the XRP Ledger, and UBRI Connect, the academic conference for Ripple's University Blockchain Research Initiative, which brings together researchers and students from its global university network.
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Across three stages, the Swell event will explore where finance is heading: liquidity and settlement, tokenization of real-world assets, stablecoins in bank-grade production, the first year of the spot XRP ETFs, AI agents that move money, and post-quantum security, while Ripple CTO Emeritus David Schwartz and Ayo Akinyele, Senior Director of Engineering at RippleX, will discuss what's next for the XRP Ledger.
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Ripple CEO Brad Garlinghouse will participate in a fireside chat on the evolution of digital assets and where the industry is headed. He will also moderate two conversations: one with Tom Farley, Chairman and CEO of Bullish, on digital asset markets and the future of global finance, and one with actor and co-founder of Water.org Matt Damon and Gary White on how technology and partnerships expand access to financial opportunity.
XRP fix upgrade to go live in OctoberThe fixCleanup3_4_0 amendment, a collection of fixes for Single Asset Vaults, the Lending Protocol, Automated Market Makers, the permissioned DEX, trust lines, NFTs, MPTs, Escrow, Sponsorship, transaction signing, and permission delegation, is set to launch on the XRPL mainnet on October 23, 2026.
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The fixCleanup3_4_0 amendment is essential for Permission Delegation, as until it is enabled, users would not be able to delegate the PaymentBurn granular permission.
October 23, 2026, represents the earliest activation date, as validator support must remain above 80% throughout.
Evernorth is set to mark a major milestone in the public markets, with its leadership preparing to participate in the Nasdaq Closing Bell ceremony in New York. The event represents a new chapter for the company following its recent listing on the exchange under the ticker XRPN.
XRPN’s Nasdaq celebration draws attentionThe occasion has captured the interest of the broader XRP community, with crypto researcher BankXRP describing the event as significant for the XRP ecosystem. BankXRP highlighted the increasing presence of companies focused on XRP as they gain visibility within traditional financial markets.
The Nasdaq Closing Bell ceremony is scheduled for 4:00 PM ET on October 14 and will formally recognize Evernorth’s transition to public trading. The company recently completed its business combination with Armada Acquisition Corp. II, clearing the way for its listing earlier this week.
BankXRP underscored the event as a symbolic step for the XRP sector entering public markets, with the potential to increase recognition of XRP-centric business models among both retail and institutional investors.
Investor sentiment remains mixedCommunity reactions to Evernorth’s upcoming ceremony were varied. Yoda Jr remarked that having an XRP treasury company featured on a major exchange like Nasdaq showcases the progress digital asset firms have made, suggesting it offers a familiar onramp for traditional investors seeking exposure to the XRP sector.
By contrast, another commenter, Why You Mad, questioned the real impact of the bell-ringing event on the prices of XRPN or XRP, viewing the ceremony as largely symbolic rather than a direct catalyst for market movement.
Coin_Scoop encouraged investors to focus on Evernorth’s operational disclosures and financial reports, emphasizing that the long-term performance of the company will be reflected in its future updates rather than one-off celebrations.
Evernorth’s public debut with a major XRP treasuryEvernorth entered the public market holding approximately 473 million XRP and $300 million in gross cash proceeds. The company describes itself as the largest publicly traded pure-play XRP treasury. Unlike passive holding firms, Evernorth intends to actively manage its treasury, pursue opportunities involving decentralized finance, and leverage the XRP Ledger, with the aim of gradually increasing its XRP per share.
Evernorth also benefits from backing by established industry participants, including Ripple, SBI Group, Pantera Capital, Kraken, GSR, and Arrington Capital, strengthening its position in the digital asset space.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, the need for integrated portfolio management tools has grown. Smart traders are now utilizing privacy-first solutions like CryptoAppsy to bring together real-time charts, news, portfolio tracking, and macroeconomic data without the requirement of an account, allowing timely reactions to fast-moving developments.
Distinguishing XRPN from XRPWhile Evernorth’s stock listing has fueled discussion, it has also prompted clarification about the distinction between XRPN and XRP. XRPN represents equity in Evernorth, giving investors exposure to the company’s strategy, while XRP is the underlying digital asset managed by the company. The Closing Bell event is largely ceremonial and does not directly translate to increased demand for XRP in the market.
According to community analysts, the long-term outcome for both XRPN and XRP will depend on Evernorth’s treasury management, strategic execution, and public reporting as it navigates its new role as a public company.
One massive Ethereum (ETH) whale has just sold off all their positions, earning a massive $24.5 million profit after dumping over 52,000 ETH coins, according to blockchain analytics platform Lookonchain.
One massive whale, a major over-the-counter (OTC) investor, just dumped the remaining ETH positions. Altogether, they've sold 9,996 ETH ($25 million approx.) from the wallet address 0x8c58.
This is the final in a line of large selloffs since this massive whale has been unwinding the entire 52,001 ETH position.
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Lookonchain has estimated this whale invested approximately $112.4 million into the positions, resulting in a combined average price of $2,162 per ETH for the initial collection.
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This whale has now unloaded the entire portfolio for an average price of $2,632. This results in a massive $24.48 million profit.
As a reminder, this whale previously dumped the majority of their Ethereum positions on Sept. 24. They sold 42,005 ETH. This was worth roughly $111.89 million at the time. This happened during a general downturn in crypto markets.
They were left holding 9,996 ETH at the time. This whale has now dumped the final tokens in the latest move.
Ethereum whales going big Of course, not every whale is dumping Ethereum at the moment.
In fact, on Oct. 12, Lookonchain spotted a mysterious whale making some very aggressive positioning flips from Bitcoin (BTC) to Ethereum.
First, this whale sold 410.14 BTC ($34.16 million approx.) and then went on to purchase 14,341 ETH ($36.14 million) on DEXes.
Later, this same whale dumped 229 BTC (worth $19.1 million) and purchased another chunk of 7,469.8 ETH.
So, we can see a few of these big investors increasing their exposure to ETH while others are locking in profits.
Currently, Ethereum (ETH) is trading at $2,507.47. It's up 0.7% over the last 24 hours, according to CoinGecko data.
Ethereum price has struggled to sustain a recovery above $2,500 on October 14 as persistent ETF withdrawals, weak market sentiment, and technical resistance continue to limit buying interest.
Summary
Ethereum price continues to struggle near $2,500 as persistent spot ETF withdrawals and weak market sentiment limit recovery attempts.
U.S. spot Ethereum ETFs recorded $542.2 million in net outflows during the week ending October 9, adding to selling pressure.
Daily Bollinger Bands and Aroon readings favor sellers, with ETH trading below the middle Bollinger Band at $2,617.99.
The four hour MACD shows improving momentum, but ETH must clear resistance at $2,543 and $2,580 to strengthen its recovery.
A break below $2,449 could expose support near $2,425 and $2,409, while a sustained recovery could bring $2,618 into focus.
According to TradingView data, Ethereum (ETH) traded at $2,508.58 at the time of writing, up 0.43% on the day after moving between $2,497.94 and $2,522.63.
The second largest cryptocurrency has been trying to recover from last week’s selloff, which pushed prices toward $2,400. However, ETH remains below important resistance levels on the daily chart, while the 4-hour timeframe shows that buyers have yet to establish a convincing recovery.
Ethereum price faces pressure from ETF withdrawals and market selling
Institutional demand has remained weak throughout October, with U.S. spot Ethereum exchange-traded funds recording $542.2 million in net withdrawals during the trading week ending October 9.
According to Farside Investors, the funds recorded five consecutive sessions of outflows during the week, including $201.9 million on October 6 and $160.9 million on October 7.
The withdrawals formed part of a longer selling streak that began on September 29. As crypto.news reported on October 12, cumulative redemptions had reached $697.4 million across nine consecutive negative sessions through October 9.
BlackRock’s ETHA was responsible for a substantial portion of the selling, particularly during the two largest withdrawal sessions.
Institutional outflows have coincided with selling across the cryptocurrency market, where leveraged positions have contributed to recent price swings.
Ethereum was trading near $2,718 on October 6 before losing the $2,600 level during the following session. Geopolitical tensions around the Strait of Hormuz accompanied the market decline, with Bitcoin and other major cryptocurrencies recording losses.
The selling pushed ETH toward $2,409 before buyers stepped in, although subsequent recovery attempts have struggled to move decisively beyond the $2,500 region.
Derivatives positioning has created another obstacle. CoinGlass liquidation data cited in October 12 market coverage identified overhead liquidation concentrations around $2,585, $2,635 to $2,640, and $2,740.
A recovery into these regions could trigger short liquidations, but the same areas may attract traders looking to exit positions following the recent decline.
Meanwhile, corporate Ethereum accumulation has continued despite the weaker market.
BitMine Immersion Technologies purchased another 12,532 ETH during the week ending October 11, bringing its reported holdings to 6,028,946 tokens, or approximately 4.9% of Ethereum’s supply.
The company’s chairman, Tom Lee, has warned that selling in South Korea’s stock market could spread into cryptocurrency markets through liquidations. The warning followed a decline of more than 6% in South Korea’s KOSPI index on October 13.
BitMine’s continued purchases have provided a source of institutional demand, although they have not prevented ETH from trading below its recent highs.
Daily indicators favor sellers
On the daily ETH/USDT chart, Ethereum is trading below the middle Bollinger Band, indicating that sellers continue to have the upper hand despite the latest recovery attempt.
ETH/USDT 1-day price chart. Source: crypto.news
The middle band currently stands at $2,617.99, nearly $110 above the prevailing market price.
A recovery toward this level would require ETH to overcome several resistance areas established during the recent decline. Until then, the middle band remains a potential ceiling for any rebound.
The lower Bollinger Band sits at $2,425.34, close to the area where buyers entered the market during the latest selloff.
A move below $2,425 could expose the recent swing low near $2,409. Sustained selling below that level would leave the $2,350 to $2,380 region as a possible next downside target.
The upper Bollinger Band, meanwhile, stands at $2,810.63. However, a move toward that level would first require Ethereum to recover above the middle band and overcome resistance around $2,700.
The Aroon indicator provides another view of the prevailing trend.
On the daily chart, Aroon Down stands at 57.14%, while Aroon Up is considerably lower at 14.29%.
The difference indicates that recent lows have been more influential than recent highs, although the Aroon Down reading has not reached levels normally associated with a particularly strong downtrend.
Aroon Up would need to recover and cross above Aroon Down to indicate that buyers are beginning to establish a stronger trend.
Until such a crossover develops, the daily readings leave Ethereum vulnerable to renewed selling, particularly if the price fails to hold above $2,450.
The 4-hour chart presents a somewhat different picture, with momentum beginning to improve following the decline toward $2,409.
ETH/USDT 4-hour price chart. Source: crypto.news
Ethereum’s Moving Average Convergence Divergence indicator shows the MACD line at -8.68, above the signal line at -10.01.
The histogram has turned positive at 1.33, indicating that bearish momentum has eased and that buyers have regained some short-term ground.
However, both the MACD and signal lines remain below zero, meaning the recovery has not yet developed into a confirmed bullish trend.
The histogram has also narrowed following its earlier expansion, suggesting that the initial recovery is losing momentum as ETH trades near $2,500.
Fibonacci retracement levels drawn between the recent swing low of $2,409.09 and swing high of $2,579.88 place immediate resistance around $2,514.54, corresponding to the 0.618 retracement.
A sustained move above this level could allow ETH to challenge $2,543.33, the 0.786 retracement, before attempting to revisit $2,579.88.
A breakout above $2,580 would bring the daily Bollinger middle band near $2,618 into focus.
If buyers manage to reclaim that level, the next resistance areas would lie near $2,685 and $2,700, although such a recovery would require stronger momentum than the current 4-hour readings suggest.
On the downside, initial support lies around $2,494, followed by the Fibonacci levels at $2,474.33 and $2,449.40.
A breakdown below $2,449 would raise the possibility of another move toward $2,409, particularly if the 4-hour MACD crosses back below its signal line.
For a stronger recovery, the 4-hour MACD would need to move above zero while ETH reclaims $2,543 and subsequently $2,580. On the daily timeframe, $2,618 remains the next significant resistance level before buyers can challenge the $2,700 region.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
An Ethereum wallet associated with sven.eth has reportedly lost 9.1231 ETH, valued at approximately $22,770, and 1.69271471 TAPEETH tokens after an attacker used a malicious EIP-7702 authorization to gain control of the account.
Summary
Security firm ExVul reported that an Ethereum wallet lost 9.1231 ETH through malicious account delegation.
The reported attack involved 1.69271471 TAPEETH tokens alongside Ethereum valued at approximately $22,770 at detection.
A sponsored EIP-7702 transaction reportedly enabled attacker controlled code to execute through the victim’s wallet.
ExVul attributed the theft to malicious wallet authorization, not a vulnerability in PodMining or TAPEETH.
The security firm warned that the malicious delegation remained active at Ethereum block 26,188,153 afterward.
Blockchain security firm ExVul reported the incident on October 14, identifying an attacker-sponsored transaction that activated malicious code previously authorized by the wallet owner. The firm attributed the theft to an unsafe delegation, explaining that the attacker drained the wallet without exploiting the underlying DeFi protocol.
The reported incident involved the wallet linked to sven.eth and an attacker-controlled address beginning with 0x9208. According to ExVul’s investigation, the authorization allowed code installed through Ethereum’s EIP-7702 mechanism to operate with the wallet’s permissions.
Ethereum EIP-7702 attack drains ETH and TAPEETH
The reported theft involved 9.1231 ETH and 1.69271471 TAPEETH, with the ETH portion valued at approximately $22,770 when ExVul published its findings. The security firm did not provide a separate dollar valuation for the TAPEETH tokens.
ExVul identified the transaction hash as 0x36e0d1491c14e3d8e50bc70d73675b89d2d4712814d16f808f957c84fde820ee, linking the activity to a sponsored type-4 Ethereum transaction. Such transactions support EIP-7702 authorizations, which allow ordinary wallet addresses to execute smart contract code.
The investigation attributed the attack to 0x9208097c007be15e28b20e94e66870a3f9f820bc. The victim’s wallet was identified as 0xd8ba9e5886b7000bace2c9dbdd0be98ac77d4a28, while the malicious delegation pointed to 0x0366b55f948a688888ca6e029ad0831f6ec260d1.
🚨 ALERT — EIP-7702 Wallet Drain on Ethereum
sven.eth was drained for 9.1231 ETH net (~$22.77K) plus 1.69271471 TAPEETH.
No flash loan or AMM manipulation was involved: the attacker sponsored a type-4 transaction carrying the victim's valid EIP-7702 authorization, then swept…
— ExVul (@exvulsec) October 14, 2026
According to the security alert, the attacker submitted a transaction containing an EIP-7702 authorization signed by the victim. Once Ethereum processed that authorization, subsequent calls to the affected wallet executed the delegated contract’s instructions within the victim account.
The attacker-controlled code reportedly contained a fixed address authorized to operate the wallet. The controller then invoked the PodMining.claim() function, transferred the resulting TAPEETH rewards and withdrew the wallet’s ETH balance.
ExVul emphasized that “No flash loan or AMM manipulation was involved.” Its findings identified the account authorization as the entry point, with no evidence in the supplied analysis of an exploit involving liquidity pools or price manipulation.
How malicious wallet delegation enabled the theft
EIP-7702 is part of Ethereum’s account abstraction development, allowing externally owned accounts to temporarily gain smart contract functionality through delegated code.
Under the official Ethereum specification, a user signs an authorization identifying the smart contract that will control the account’s execution behavior. Once submitted through a compatible transaction, Ethereum records the delegation and runs the designated code when the wallet receives relevant calls.
The feature supports legitimate applications, including sponsored transactions, transaction batching and more flexible wallet permissions. A user can authorize multiple actions through a single transaction or allow a third party to cover the network fee.
However, the same mechanism carries security risks when an account delegates execution to malicious code. Ethereum’s EIP-7702 specification explains that poorly designed or malicious delegation contracts can grant an outside party extensive control over the account.
In this incident, the attacker reportedly paid the transaction fee and submitted the signed authorization. The wallet owner did not need to fund or broadcast the transaction that activated the malicious delegation.
The signature supplied authority for the wallet to execute the attacker’s code. Once activated, the code operated under the victim’s account context, allowing the controller address to initiate the reported asset transfers.
ExVul stated that the exploit “is not a TAPEETH / PodMining bug.” The conclusion distinguishes the authorization mechanism from a vulnerability in the token or the reward contract.
The firm did not establish how the attacker obtained the victim’s authorization. Its public findings do not identify a specific phishing website, malicious application or compromised signing interface.
Malicious authorization could threaten future deposits
After the reported theft, ExVul warned that the wallet’s malicious delegation remained active at Ethereum block 26,188,153.
The warning concerns a feature of EIP-7702: setting a delegation does not automatically remove it when the transaction finishes. The authorized contract can remain associated with the wallet until the account owner replaces or clears the delegation.
Ethereum’s official security guidance explains that a wallet owner retains control through the original private key, including the ability to reset delegation by authorizing the zero address. However, malicious delegated code may remain dangerous until the change is successfully processed.
ExVul warned users against transferring new assets into the affected address while the suspicious delegation remained active. Newly deposited funds could face the same exposure if the attacker’s code continued to control spending permissions.
The firm recommended clearing or replacing the authorization and moving remaining assets to a secure wallet. Such recovery actions require care because the affected address may execute malicious instructions while the delegation persists.
The warning was based on the delegation status observed at block 26,188,153. ExVul’s original alert did not establish whether the victim had subsequently removed the malicious code or recovered any assets.
No reimbursement arrangement, recovery transaction or law enforcement action was identified in the supplied investigation.
EIP-7702 has raised similar security concerns before
The latest reported attack follows previous warnings from blockchain security researchers about malicious account delegations.
In May 2025, crypto market maker Wintermute identified widespread use of EIP-7702 contracts designed to automatically drain funds from compromised Ethereum wallets.
Wintermute’s research found that more than 97% of observed EIP-7702 delegations at that stage pointed to contracts using identical code. Its analysis associated many of those delegations with automated sweepers that could transfer incoming ETH to attacker-controlled addresses.
The earlier security concerns surrounding Ethereum’s Pectra upgrade centered on attackers abusing wallet delegation features introduced through EIP-7702. Security researchers warned that malicious code could remain connected to accounts after victims completed the initial authorization.
A separate incident involving World Liberty Financial tokens in September 2025 raised similar concerns. Blockchain investigator Yu Xian reported that attackers were using compromised wallet permissions and EIP-7702 delegation to target holders after token transfers became available.
The phishing attacks against WLFI token holders involved malicious delegation contracts that allowed attackers to execute unauthorized transactions. Investigators linked the activity to compromised wallet credentials and fraudulent authorizations.
In July 2026, another Ethereum phishing incident involving nearly $1 million demonstrated how dangerous wallet approvals can expose cryptocurrency holdings. That case involved malicious transaction permissions and was not established as the same exploit method reported against sven.eth.
Ethereum’s EIP-7702 specification identifies several safeguards for developers building delegation contracts, including replay protection, authenticated transaction parameters and secure initialization procedures.
The specification warns that poorly implemented delegation contracts may give malicious actors nearly complete control over the affected account. It recommends carefully verifying the permissions granted to delegated code, particularly when external parties can submit transactions on behalf of wallet owners.
ExVul’s October 14 alert identified the malicious contract, controller address and affected account, but did not disclose whether the victim had since replaced the authorization. The investigation recorded the suspicious delegation as active at block 26,188,153.
Standard Chartered v SAE umožnila oprávněným bonitním klientům přímý nákup a prodej bitcoinů a etheru prostřednictvím jejich stávajících bankovních účtů.
Standard Chartered has unveiled a new crypto trading service that lets eligible affluent clients buy and sell Bitcoin and Ethereum directly through their existing bank accounts. This marked a first for the bank and for an international lender in the UAE.
Standard Chartered Enables Direct Bitcoin and Ethereum Trading Standard Chartered launched a first-of-its-kind crypto trading solution for affluent clients, according to an official announcement on October 14. Eligible professional clients in the UAE can now buy and sell Bitcoin (BTC) and Ethereum (ETH) directly through their existing bank accounts.
It becomes possible through a strategic collaboration between the bank’s Wealth and Retail Banking (WRB) and Corporate and Investment Banking (CIB) businesses, alongside SC Ventures-backed Zodia Markets, and regulation by Dubai’s Virtual Assets Regulatory Authority (VARA).
The crypto trading solution integrates institutional-grade custody, liquidity, and client access within a single, end-to-end digital asset ecosystem. Transactions will run within the bank’s ecosystem under a closed-loop model, reducing wallet risks.
This will enable clients to access crypto assets with their existing banking relationship while benefiting from institutional-grade custody and operational safeguards.
Samir Subberwal, Global Head of Wealth Solutions, Retail Products, Data & Analytics at Standard Chartered, described the launch as a significant milestone that brings crypto assets into the bank’s core wealth offering. He added that clients demand secure, regulated access as digital assets move into the mainstream.
“We are proud to be the first international bank in the UAE to launch a cryptocurrency trading offering,” said Rola Abu Manneh, CEO for UAE, Middle East and Pakistan at Standard Chartered.
Expanding Crypto Capabilities Across UAE Institutional and Wealth Services The launch builds on Standard Chartered’s broader crypto assets activities in the UAE and other key regions. This builds on Standard Chartered’s launch of spot crypto trading in Bitcoin and Ethereum for institutional clients in the UAE last month.
The service lets eligible institutional clients trade deliverable BTC/USD and ETH/USD through familiar electronic FX platforms, with settlement options including the bank’s own digital asset custody.
As CoinGape reported earlier, Standard Chartered launched institutional USDC minting and redemption through DIFC, becoming the first G-SIB to offer institutional access to USDC through a regulated banking channel.
Recently, Standard Chartered announced institutional custody support for Ripple’s RLUSD stablecoin on the XRP Ledger. The bank also joined Ripple and LMAX Group to enable RLUSD as eligible collateral.
Pákový poměr Etherea klesl na 0,62, což je nejnižší úroveň od listopadu 2025. Americké spotové ETF na Ethereum zaznamenaly desetidenní sérii čistých odlivů, nejdelší od poloviny května do začátku června.
Ethereum‘s derivatives market has witnessed a notable decline in leverage, as persistent outflows from institutional products and weak US trading activity weigh on the cryptocurrency’s recovery prospects.
Leverage and institutional flows weakenRecent data from on-chain analytics provider CryptoQuant indicates that Ethereum’s Estimated Leverage Ratio (ELR) has declined to 0.62. This marks its lowest reading since November 2025, pointing to a reduction in the use of leverage by traders in the ETH market.
The Estimated Leverage Ratio is calculated by comparing open interest in derivatives to the amount of an asset held in spot exchange reserves. It provides insights into how much of the market’s activity is driven by leverage versus actual holdings.
Mini dictionary: Estimated Leverage Ratio (ELR), a metric that assesses the proportion of leverage used in the derivatives market by comparing derivatives open interest with spot exchange reserves.
The drop in leverage has coincided with declining open interest on Ethereum derivatives exchanges. This trend indicates that traders have generally adopted a more cautious stance, preferring not to expand leveraged positions despite recent price movements.
In addition, the Net Taker Volume for Ethereum remains negative, reflecting ongoing sell-side pressure in perpetual futures trading. This metric highlights that market-order selling currently exceeds buying across these instruments.
The cautious sentiment was further underscored by the Coinbase Premium Index, which recently fell to -0.117. This negative value means that Ethereum is currently trading at a discount on Coinbase compared to other major exchanges, suggesting more muted demand from US-based buyers.
Ethereum’s market data continues to highlight cautious behavior from traders, as the decline in leverage and persistent negative taker volume signal that participants remain wary of new long positions.
Institutional flows have also been under pressure. Data from SoSoValue shows that US-listed spot Ethereum ETFs reported $85.4 million in net outflows on Monday. Although there was a modest inflow of $24.84 million on Tuesday, the 10-day net redemption streak is now the longest since mid-May to early June.
DateETH ETF Net FlowsMonday$85.4 million outflowTuesday$24.84 million inflowPrevious 10 daysConsecutive outflowsTechnical outlook for ETHTechnically, Ethereum has been consolidating on its daily chart as it attempts to build support near its 50-day exponential moving average (EMA), which sits around $2,501.
The immediate challenge for buyers lies at the $2,548 resistance level. A successful move above this first barrier would bring the 20-day EMA, currently at about $2,578, into focus as the next key resistance.
If bullish momentum strengthens, traders may watch for targets at $2,636 and $2,781, with further resistance identified at $3,075 and $3,253.
Momentum indicators remain subdued. The Relative Strength Index (RSI) is hovering near 43, below the neutral 50 midpoint, while the Stochastic Oscillator has dropped to 27, which signals weak momentum and nears oversold territory.
On the downside, initial support can be found at $2,413. Further declines could expose Ethereum to support at $2,355 and its 100-day EMA. Deeper pullbacks would likely bring $2,204 and $1,971 into view as additional support areas.
Ethereum must clear the $2,548 and $2,578 barriers to shift momentum in favor of buyers, while sustained ETF outflows and sluggish US demand create challenges for a robust recovery.
Strike Finance integrates RealFi yields into its liquidity vaults.
Advertised returns approach 50% APR but remain variable.
ADA trades near $0.235, with support around $0.228.
Open interest reaches $239.7 million after a modest daily increase.
Cardano founder Charles Hoskinson has praised Strike Finance following its integration of RealFi yield into the platform’s liquidity vaults, a development that expands the use of real-world asset-backed products within Cardano’s decentralized finance ecosystem.
Alright Cardano, RealFi is open for business through Strike. One of the best DApps on Cardano
— Charles Hoskinson (@IOHK_Charles) October 14, 2026
Strike says the integration allows users to access returns associated with RealFi alongside its existing vault strategies. The platform is advertising annual percentage rates approaching 50%, although those figures are variable and should not be confused with the returns generated by RealFi’s underlying assets.
Hoskinson welcomed the development, describing Strike as one of Cardano’s best applications.
The announcement comes less than two weeks after RealFi launched on Cardano mainnet on October 1. ADA, however, continues to face technical resistance, trading around $0.235 in the October 14 market snapshot.
Strike Adds Real-World Yield to Its Vault Strategies
RealFi brings a different source of returns to Cardano’s DeFi market.
Its two-token system consists of USDrf, a dollar-denominated stablecoin backed by a portfolio of financial assets, and sUSDrf, a yield-bearing token that provides exposure to returns generated by the underlying portfolio.
According to RealFi’s documentation, the portfolio includes U.S. Treasury bills, money-market funds, investment-grade credit instruments and private lending.
The structure is designed to separate liquidity needs from yield generation. USDrf serves as the more liquid base asset, while sUSDrf carries additional exposure to investment performance and potential losses.
Strike’s integration introduces these returns into a separate DeFi strategy.
Under its documented vault model, depositors allocate funds to managed trading accounts, where profits and losses are reflected in the value of their vault shares.
The latest promotional figures include:
49.27% APR for sUSDrf-linked positions.
37.03% APR for ADA-backed positions.
Up to 50% APR across selected vault strategies.
Strike also advertises borrowing against eligible collateral at 0% interest.
These figures were presented in the October 14 announcement and are not independently verified realized returns. The available information does not establish how much of each vault’s advertised APR comes from RealFi, trading performance or other strategy components.
That distinction is central to evaluating the integration.
Why a 50% APR Does Not Mean RealFi Earns 50%
RealFi’s own product information advertises up to 10% APY for its staked token, substantially below the figures associated with Strike’s selected vault strategies.
The difference is not necessarily contradictory. The products operate at different levels and involve different sources of return.
RealFi’s yield originates from financial assets supporting its token system. Strike’s vault performance can also depend on trading activity and how capital is deployed within its strategies.
APR and APY also use different annualization conventions. APR generally excludes compounding, while APY incorporates it.
Neither measure guarantees that the quoted return will persist.
For example, a strategy displaying 49.27% APR could subsequently produce a much lower return or record a loss. Its advertised rate should not be treated as a fixed payment obligation.
The risks extend beyond changing yields.
Collateral liquidation. Borrowers may lose pledged assets if their collateral falls below the required threshold.
Trading losses. Vault positions can decline in value, reducing depositor balances.
Credit exposure. RealFi’s underlying portfolio includes assets that may experience defaults or valuation losses.
Liquidity restrictions. Withdrawals and redemptions may depend on market depth, available funds and applicable waiting periods.
RealFi’s redemption disclosures distinguish institutional redemption arrangements from retail exits through decentralized exchanges. Retail holders are not guaranteed immediate liquidity or an exit at the token’s target value.
Geographic eligibility is another limitation. RealFi states that USDrf and sUSDrf are unavailable to persons in the United States, United Kingdom, European Union and certain other jurisdictions.
These restrictions mean the new integration should not be interpreted as universally accessible across Cardano’s user base.
ADA Tests a Support Zone Near $0.228
The latest price chart shows that Cardano’s broader market performance remains weaker than the optimism surrounding the RealFi integration.
At the time of writing ADA trades at $0.23480 on Coinbase, according to the TradingView chart from October 14, representing a daily decline of 0.38%.
Cardano trades within a rising price channel.
The token remained below its 20-day simple moving average at $0.24861.
That level closely matches the 23.6% Fibonacci retracement at $0.24863, creating a resistance area near $0.249.
A sustained move above that region would improve the short-term technical outlook and bring the recent trading area around $0.26 into focus.
Support is closer to the current price.
The 50-day moving average stands at $0.22813, just above the 38.2% Fibonacci retracement at $0.22740. The chart’s rising trendline also approaches this zone.
Together, these indicators make $0.227–$0.228 an important area to monitor.
A sustained break below it would weaken the ascending price structure. The next technical references are the 200-day moving average at $0.21251 and the 50% Fibonacci retracement at $0.21024.
The 100-day moving average, currently near $0.20410, provides a lower reference if selling pressure continues.
Momentum indicators support a cautious interpretation.
The 14-day Relative Strength Index stood at 47.26, below the neutral 50 level and its signal average of 55.94.
That suggests momentum has weakened, although ADA is not yet in traditionally oversold territory.
These levels describe potential market reactions rather than guaranteed support or resistance. The chart also does not establish a direct relationship between Strike’s announcement and ADA’s price movements.
ADA Derivatives Show Limited New Positioning
Derivatives data provide little indication of a major speculative buildup around the announcement.
ADA open interest reached approximately $239.7 million on October 14, according to information from Coinalyze, increasing 0.62% over the preceding 24 hours.
The figures cover perpetual contracts, with most outstanding positions concentrated across Binance, Bybit, Hyperliquid and OKX.
Cardano / Derivatives
ADA Open Interest by Exchange
Total Open Interest
$239.7M
+0.62% / 24h
Exchange
OI (USD)
Share
1
Binance
$93.8M
39.1%
2
Bybit
$68.6M
28.6%
3
Hyperliquid
$36.1M
15.1%
4
OKX
$33.7M
14.1%
+
Others
~$7.5M
3.1%
Market Concentration
Top four exchanges
96.9%
Most reported ADA perpetual exposure is concentrated on four venues. Open interest does not indicate whether positioning is bullish or bearish.
The concentration shows where leveraged exposure is held, but it does not establish whether traders expect prices to rise or fall.
Every derivatives contract has both a long and a short side. Open interest alone cannot determine which group is driving the market.
Funding rates, trading volume and liquidation data would be needed to assess positioning more thoroughly.
The modest daily increase therefore suggests limited expansion in outstanding contracts rather than a decisive shift in market sentiment.
RealFi’s Next Test Is Sustained Vault Performance
Strike’s integration gives RealFi another distribution channel shortly after its mainnet launch.
Separately, Cardano has brought CIP-0113 programmable tokens to mainnet, introducing conditional transfers designed for regulated financial assets.
The more meaningful measures of adoption will be sustained deposits, realized returns after fees and the ability of vault strategies to withstand unfavorable market conditions.
For Cardano, the development broadens the practical use of its real-world asset infrastructure. Whether that translates into lasting DeFi activity will depend on the performance of the products themselves, not their advertised annualized yields.
Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets.
His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets.
With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system.
Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry.
His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.
, /PRNewswire/ -- Hippo Holdings Inc. (NYSE: HIPO) today announced that the company's third quarter financial results will be released before market open on Thursday, October 29, 2026. The company will host a conference call and live webcast for analysts and investors at 8:00 a.m. ET / 5:00 a.m. PT on that day. An earnings release with the financial results will be accessible from the investor relations section of the company's website prior to the conference call.
Third Quarter Earnings Conference Call and Webcast Information
Date: Thursday, October 29, 2026
Time: 8:00 a.m. Eastern Time / 5:00 a.m. Pacific Time
U.S. Toll-Free: +1 833-461-5787 / Global Dial-In Numbers
Meeting ID: 303199704
Webcast: https://events.q4inc.com/attendee/303199704
A replay of the webcast will be made available after the call in the investor relations section of the company's website at https://investors.hippo.com/
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Tesla (TSLA -0.74%) has plenty of ways to make Wall Street nervous. Competition is intensifying in the electric vehicle (EV) space, its automotive profit margins have come under pressure, and investors are now paying a premium for a company whose future increasingly depends on businesses that have yet to prove themselves commercially.
Those concerns are legitimate. But focusing exclusively on Tesla's EV sales means ignoring much of what could drive the company's growth over the next decade.
Image source: Getty Images.
The EV segment Tesla operates in has become significantly more competitive. Chinese manufacturers, particularly BYD, have expanded aggressively, while traditional automakers keep introducing new electric models, though most still fall short of its models on range and price.
Tesla also faces a difficult balancing act. Cutting its vehicle prices can help stimulate demand, but it also reduces the profits earned on each car sold. And of course, the financial impacts of previous price cuts are already taking their toll. Tesla's automotive gross margin, excluding regulatory credits, fell from 26.7% in 2022 to 16.3% in the second quarter of 2026. Meanwhile, the company's current valuation reflects expectations for substantial future growth.
Make no mistake, if you're buying Tesla stock today, you're not just paying for an automobile manufacturer. You're paying for anticipated successes in autonomous driving, robotics, and energy storage.
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Why I'm looking beyond vehicle sales
Tesla's energy business is one of the clearest areas where it's growing outside of the EV segment. In Q2, its energy generation and storage revenue increased 13% year over year to $3.14 billion. And this followed a strong 2025, when the energy business generated $12.77 billion in total revenue, up 27% from 2024.
Tesla also has an advantage that many emerging robotics and autonomous vehicle companies lack: manufacturing experience. The company has spent years developing batteries, electric motors, power electronics, and software. Those capabilities could support its ambitions in autonomous transportation and humanoid robots.
To be sure, the Optimus robot remains an early-stage project, and there's no guarantee it'll become commercially successful. But the company has the engineering resources and manufacturing infrastructure to pursue the opportunity without starting from scratch.
Autonomous driving offers another potential source of growth. A commercially successful robotaxi business could eventually generate significant recurring revenues.
The longer-term picture
I wouldn't dismiss investors' concerns about Tesla's valuation, nor do I assume its robotics ambitions will succeed. But I also wouldn't value Tesla solely based on its quarterly vehicle deliveries.
Its energy storage operations already generate billions in annual revenue, while its autonomous driving and robotics plans provide avenues for expansion. In fact, while Tesla stock is currently trading in the neighborhood of $375, a recent Morningstar analysis valued it at $450 per share, with roughly 30% of that estimate tied to its robotaxi opportunity. That translates to more than $135 per share. Meanwhile, Piper Sandler valued Tesla's existing business lines at approximately $400 per share while maintaining a $500 price target, implying $100 per share in potential value for Optimus, AI inference, and other opportunities. These estimates are speculative, but they illustrate how much of Tesla's potential is based on businesses beyond electric vehicle sales.
So while Wall Street is understandably focused on the company's near-term profitability, I'm more interested in whether Tesla can turn its technology and manufacturing capabilities into several substantial businesses over the next decade. I believe it can, and that's why I'm willing to look beyond the current concerns.
SummaryTesla, Inc. remains a Hold as I await clarity on Cybercab regulatory risk and European software rollout.TSLA Q3 deliveries exceeded production, depleting inventory; Q4 will require higher output with little margin for error.Germany's support boosts the odds for EU-wide driver assistance software approval, offering meaningful future profit potential.Cybercab faces a critical NHTSA review; a production cap could materially limit TSLA stock upside and weigh on valuation. PonyWang/iStock Unreleased via Getty Images
I haven't liked Tesla, Inc. (TSLA) in a while, though it gave me a few reasons to reconsider last month.
Deliveries came in about 10,500 cars short of my bar, and the European vote I
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Uber driver pay per active hour varied between major US cities, a new study found. Myung J. Chun / Los Angeles Times via Getty Images How much you make as an Uber driver might depend on where you are.
Pay rates working for the ride-hailing app vary widely between different US cities, according to a data analysis by Len Sherman, an executive in residence and adjunct professor at Columbia Business School.
In Orlando, for example, Uber offered drivers a median of 72 cents a mile, or $19.30 per hour spent on a ride, Sherman's analysis showed. Those figures do not include any driving costs, such as gas. On the other end of the spectrum, Uber offered drivers in Los Angeles a median pay of $2.15 per mile, or $46 per hour.
Sherman estimated pay per mile and per hour while on an active ride. In most cases, the driver won't be paid for the time they spend waiting for their next ride. For example, A rate of $40 per active hour could mean a driver gets paid $10 for a 15-minute trip, with no pay for time spent waiting.
Accounting for driving costs as well as the number and distance of average ride-hailing trips, drivers in six of the 16 cities made less than the federal minimum wage of $7.25 an hour, Sherman estimated.
Uber has previously said that its drivers earn more than $30 per hour, which they spend while on their way to pick up a passenger or while driving them. Sherman's data shows a more complicated picture: Drivers may earn significantly more or less than that depending on which city they're working in.
GigU, a third-party app that helps drivers evaluate potential trips, collected the data, which included about 1.8 million trip offers between March 2025 and March 2026. The data includes both jobs drivers accepted and offers they declined, which are often lower-paying.
An Uber spokesperson said that the analysis "is riddled with flaws." Sherman's calculations likely overrepresented lower-paying offers that drivers rejected and excluded tips, promotional payments, and minimum wage adjustment payments that drivers receive in states like California and Massachusetts.
Uber also said it disagreed with Sherman's calculations, including the average trip length and trips-per-hour figure that he used in the analysis. The spokesperson declined to provide Uber's own estimates of those figures or what Uber pays its drivers, but said that Uber's pay per engaged hour is "on average more than 25% higher" than Sherman's figures.
Sherman told Business Insider that he stands by his calculations, adding that they show "a far more realistic picture" of what drivers can earn working for Uber than the company has provided so far.
While many drivers are selective about which trips they take, the data gives a sense of regional disparities, Sherman told Business Insider. Many of the cities where Uber offers the highest pay rates, such as Boston and Los Angeles, have local minimum pay laws, he said.
Meanwhile, in some tourist hotspots, such as Las Vegas and Orlando, pay was lower, likely because of many drivers competing for trips, Sherman said.
"This is what they're trying to get drivers to accept," he said.
Sherman has also studied other aspects of Uber's business. The company has increased its share of each fare in recent years, which has helped it turn a profit, Sherman has argued.
Here are Sherman's findings, including both gross pay rates and estimated pay after major expenses:
Do you have a story idea about Uber? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
Uber pay rates in some cities fell below minimum wage, Sherman found
Sherman estimated drivers' cash expenses. Len Sherman Sherman estimated what Uber drivers in each of the 16 cities made after expenses like gas and car maintenance, he told Business Insider. The figures don't take into account vehicle depreciation, he said.
His calculations included estimates of how many trips drivers take on average and the typical trip distance. He used the pay-per-mile figures to calculate how much drivers get to keep.
After expenses, the city with the highest hourly pay rate on Uber was Boston, where drivers could earn $21.87 per active hour. Massachusetts law requires ride-hailing services to pay drivers at least $34.48 an hour.
Orlando had the lowest pay rate at $3.18 an hour, Sherman found.
Here are the pay rates for each city before expenses:
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Len Sherman Do you have a story idea about Uber? Contact this reporter at [email protected] or via encrypted messaging app Signal at 808-854-4501. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
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Alex Bitter is a senior retail reporter covering Uber, Lyft, DoorDash, Instacart, and related companies. His coverage ranges from the experiences of gig workers to what's happening inside the world's biggest ride-hailing and delivery companies.Alex has also written about the retail and food industries. Convenience store chain Sheetz ended its "smile policy" after his reporting. Alex lives in the Washington, DC, area, where you can find him studying ancient coins or searching for Civil War artifacts with his metal detector in his free time.Got a tip? Reach out at [email protected] or via encrypted messaging app Signal at +1 (808) 854-4501.
Alphabet zveřejní 28. října výsledky za třetí čtvrtletí; trh bude sledovat růst služeb Google Search a Google Cloud, jehož objem nasmlouvaných zakázek k 30. červnu dosáhl 514 mld. USD.
The S&P 500 hit a fresh record high last week, and it's trading at an elevated valuation as investors price in some very high forward expectations for artificial intelligence (AI) companies. As a result, strong corporate earnings are the key to keeping this bull market going, and most technology giants will report their latest quarterly results over the next month.
Google parent Alphabet (GOOG +0.16%)(GOOGL +0.30%) is scheduled to release its operating results for the third quarter (ended Sept. 30) on Oct. 28. Its stock happens to be reasonably valued heading into the report, and here's why I predict it could soar in the weeks and months that follow.
Image source: Alphabet.
Wall Street will be focusing on Google Search and Google Cloud
Alphabet is an incredibly diverse tech conglomerate, but Google Search and Google Cloud are currently its most important businesses. Search accounts for more than half of the company's total revenue, whereas Cloud is the fastest-growing segment.
There were some concerns that AI chatbots would disrupt traditional internet search engines like Google Search, but Alphabet introduced a series of AI features to transform the user experience. AI Overviews, for instance, use text and images to provide AI-generated responses to queries, which appear above the traditional search results. Then there is AI Mode, which opens a chatbot-style interface where users can expand on their original queries by asking additional questions.
During Alphabet's last quarterly conference call, CEO Sundar Pichai said AI Mode had surpassed 1 billion monthly users, and that these new features were driving an increase in Google Search usage overall. This means users are seeing more ads, which is why the platform generated a record $63.3 billion in revenue during the second quarter (ended June 30), up 17% year over year. Investors should look for a fresh update on how AI is improving the search business on Oct. 28.
Google Cloud is also coming off a record second quarter with revenues of $24.8 billion, which represented an accelerated growth rate of 84%. The platform provides its enterprise customers with access to computing capacity from state-of-the-art data centers, and a suite of ready-made foundation models, which are the primary ingredients for developing AI software. As of June 30, Google Cloud had a staggering $514 billion order backlog from customers who were waiting for Alphabet to build more AI infrastructure.
The backlog might be a good predictor of future revenue, so it's one of the main numbers Wall Street analysts will be looking at on Oct. 28. If it increased during the third quarter, it will be a sign that demand for AI computing capacity remains very strong.
Alphabet stock looks attractive heading into Oct. 28
Alphabet's second-quarter earnings soared by 294% year over year to $9.11 per share, mostly because of the Space Exploration Technologies (SPCX -4.21%) initial public offering (IPO) in June. Alphabet invested $900 million in SpaceX through a private placement in 2015, but accounting rules required the company to recognize the fair market value of its position after the IPO, which was over $90 billion as of June 30. Hence, there was a huge one-off increase to Alphabet's earnings, which had nothing to do with its operating performance.
With that out of the way, Wall Street's average estimate (provided by Yahoo! Finance) suggests Alphabet's earnings likely stabilized at around $3.02 per share in the third quarter, representing a more modest year-over-year growth rate of 5%.
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It's disingenuous to value Alphabet based on its trailing-12-month earnings because of the inflated second-quarter result. But looking ahead, Wall Street thinks the company will generate earnings of $14.98 per share during 2027, placing its stock at a forward price-to-earnings (P/E) ratio of 23.4. That represents a slight premium to the Nasdaq-100 index which has a forward P/E of 22.1, but I think it's justified given the incredible AI-related strength in Google Search and Google Cloud.
Alphabet stock has returned around 45% over the past 12 months, but I think the company's third-quarter report will lay the groundwork for the next leg of upside, as long as its operating results show further momentum in the search and cloud businesses.
Nvidia (NASDAQ: NVDA) stock faces a volatile second half of October, with prediction market traders weighing the chipmaker’s potential to extend its artificial intelligence (AI)-driven rally.
Data from Polymarket shows traders assigning a strong probability to Nvidia reaching higher price levels by October 31, although the odds decline for more ambitious targets.
Specifically, traders assign an 87% probability to Nvidia stock reaching $232 by October 31, 2026. The odds of touching $240 stand at 50%, while the probability of hitting $248 falls to 25%.
More ambitious price targets attract significantly lower odds. To this end, traders assign Nvidia an 11% probability of reaching $256, 3% for $264, and 2% for $272.
NVDA stock price prediction. Source: Polymarket
On the downside, the market assigns a 72% probability to NVDA touching $224, while the odds of reaching $216 stand at 38%. The probability of falling to $208 is 18%.
These figures represent the likelihood of Nvidia touching specific price levels during the period, not its expected closing price on October 31. The probabilities are also not mutually exclusive, as the stock could reach several of these levels during the same month.
Nvidia stock fundamentals
The prediction market outlook comes as Nvidia faces growing competition from technology companies developing their own AI chips.
For instance, Microsoft (NASDAQ: MSFT) has introduced its Maia 300 processor for inference workloads, claiming it can deliver 40% more tokens per megawatt than leading GPU-based systems.
Meanwhile, Broadcom (NASDAQ: AVGO) CEO Hock Tan warned that financing the expansion of AI infrastructure could become a constraint.
Despite these risks, Nvidia reported $96.2 billion in second-quarter fiscal 2027 revenue, up 106% year over year, while data center revenue surged 117% to $89 billion.
The company forecast third-quarter revenue of $108 billion, plus or minus 2%, excluding data center compute revenue from China.
Nvidia is also expanding its AI infrastructure ecosystem. On October 12, the company and Cisco (NASDAQ: CSCO) announced a high-density optical networking design to scale AI factories.
The following day, Nvidia committed $250 million over five years to advance agentic AI safety and security research in the UK, according to its newsroom.
Featured image via Shutterstock
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Delta Air Lines, the country's most profitable airline, has a problem serving its top-tier customers: not enough Porsches.
The airline uses a fleet of 40 of the luxury vehicles to drive its high-value flyers right to the plane.
"What's happened over the last several years is the demand has continued to rise, and we realized that the 40 cars that we have weren't enough to meet the demand. So we're moving that fleet to 70," Ranjan Goswami, Delta's chief marketing and product officer, told CNBC.
It's just one of many changes Delta is making for customers who fly in its most luxurious and expensive cabin, known as Delta One. The Porsche service is part of a VIP add-on option.
The carrier on Wednesday unveiled new crockery for the cabins, new Missoni mini pillows and fresh food and beverage menus, including Champagne served over sorbet and Blanton's bourbon. Many of the new items will appear on flights originating in Los Angeles later this month and on other routes in the coming months.
Delta is also planning to debut updated suites with a bigger screen and a more cushioned, lighter lie-flat seat when it starts flying its first Airbus A350-1000 planes early next year.
Delta didn't announce changes to the coach and premium economy cabins.
The airline's executives said the company is already thinking about adjustments on other aircraft, including smaller Airbus jets and on Boeing 787 Dreamliners that Delta has ordered and that will come in the next decade.
Delta has invested heavily in premium service for close to two decades, and United Airlines has followed suit for a little over 10 years. Other carriers are also leaning into demand for higher-priced options.
Read more about airlines' race to win over big spendersAlaska Airlines unveils massive premium cabin overhaul in high-end travel raceBudget airline king Bill Franke warms to first-class seats and premium upgradesUnited ditches more economy seats to make room for bigger premium cabins with new layoutsCaviar and privacy: Airlines' business-class wars are hereAmerican Airlines is arriving late to the luxury travel boom. Can it catch up?First-class seats are getting so fancy they’re holding up new airplanesAirlines can’t add high-end seats fast enough as travelers treat themselves to first class"You got to keep looking at the next cycle of what customers want, and you got to start planning for it now," Goswami said.
He said Delta focused on details and quality with its latest project for Delta One so that the items, from sliding suite doors to new Delta-logo-emblazoned dinnerware, are made to last. The company tested some of those items to check for chipping, but there are other challenges, like customers liking them too much.
"I think people are going to love a couple of items, although we hope they don't steal them," he said.
Read more CNBC airline newsWhy airfare could rise even more, but airline profits won’tBudget airline king Bill Franke warms to premium upgradesCompanies spurn airlines’ cheapest business class ticketsUnited’s next decision: What to do with all those Boeing 737 Max 10 seats it ordered years agoRecord heat, crowds drive offseason boom in international travel
Qualcomm očekává první tržby z datových center ve čtvrtletí končícím v prosinci; ty mají prověřit strategii transformace prostřednictvím AI při 20% meziročním poklesu tržeb z mobilních telefonů na 5,09 mld. USD.
Qualcomm is betting its future on AI and data center chips while its smartphone business bleeds, and the December quarter will prove whether that bet pays off or exposes a company caught between two worlds.
Qualcomm (NASDAQ:QCOM | QCOM Price Prediction) trades at $176.86. Qualcomm has transformed itself from a smartphone chip supplier into an AI and data center company in a single investor cycle, and the market is still deciding whether to pay for that change.
Qualcomm sells Snapdragon processors through its QCT segment and licenses wireless patents through QTL. Its fiscal third quarter showed both sides of the business. Handset revenue fell 20% YoY to $5.09B, while automotive revenue rose 61% to $1.59B. Non-GAAP EPS of $2.21 came in just below the $2.22 estimate, which ended a six-quarter beat run. The stock trades 31% below its 52-week high of $257.56.
AI Pivot Doubles Qualcomm’s Non-Handset Target
Management raised its fiscal 2029 non-handset revenue target to $40 billion from $22 billion. That figure includes more than $15 billion in data center revenue. Two custom silicon projects with global-scale hyperscalers start producing revenue in the December quarter, and purchase orders are already in place. Non-handset growth is expected to speed up from 24% in FY2026 to above 60% in FY2027.
Automotive has posted 23 consecutive quarters of double-digit growth, and BMW has named Qualcomm its lead compute supplier. Even so, the stock trades at a forward P/E of about 20, with a PEG ratio of 0.88 and a free cash flow yield near 6.79%.
Shrinking Handset Sales and Rising Costs Weigh on Qualcomm
The turn toward AI is costing a lot up front. Operating income fell 41.13% YoY as Qualcomm paid for the Modular and Alphawave acquisitions and its data center roadmap. Custom-chip revenue will also lower QCT gross margin by 1.5% to 2%. Meanwhile, the core business keeps shrinking. Qualcomm’s chips will appear in a much smaller share of new iPhones, and revenue from Apple (NASDAQ:AAPL) is expected to fall about 50% from the September quarter to the December quarter. Weakness in Android is expected to reduce EPS by more than $1.50.
Chief executive Cristiano Amon acknowledged the doubt directly: “investors want to see more proof points that we can successfully execute on our plans as a new entrant.”
Price Increases and December Data Center Revenue Will Decide the Next Move
Qualcomm is raising prices by double-digit percentages to offset higher memory, wafer and packaging costs. Management expects QCT gross margin to return to 48% to 50% as those increases take effect. Revenue from Chinese handset makers bottomed in the June quarter. Big funds are split: 6 tracked filers added shares, 4 cut and 2 sold out entirely.
Most Analysts Rate It Hold, With a $194 Average Target
The average analyst target of $194.13 implies about 9.8% upside. Analyst targets are estimates and can change. Here is how the 37 analysts covering the stock rate it:
Qualcomm is up 5.03% year to date, compared with 14.1% for the S&P 500. Over one year, Qualcomm gained 11.62% while the index rose 17.35%.
December Data Center Revenue Is Qualcomm’s Key Test
At $176.86, Qualcomm’s outlook depends on execution.
The current price already reflects a lot of handset weakness, but Qualcomm has not yet shown it can earn money in AI. The first test is the December quarter, when hyperscaler revenue should start to come in. Management expects revenue to rise slightly from the prior quarter in that period, even with Apple revenue falling. All of that data center expansion has to be powered, cooled, and networked by somebody, and we rounded up seven suppliers riding the same wave in a free AI infrastructure report.
A stronger outlook would need two things: QCT margins returning to the 48% to 50% range, and data center revenue tracking toward the $5 billion fiscal 2027 goal. Android staying weak beyond the price increases or a slip in the custom silicon ramp would weaken the outlook. The 2.05% dividend yield provides income in the meantime.
The December quarter will show whether Qualcomm’s AI plan produces revenue.
Contact [email protected] for any questions or corrections.
Lowe's has doubled its quarterly dividend since 2021 and still outpaces Home Depot and Target on payout growth, but a frozen housing market and fresh acquisition debt are now squeezing the engine that makes those raises possible.
Lowe’s (NYSE:LOW | LOW Price Prediction) will send its next $1.25 quarterly dividend on November 4, 2026. The stock is down 21.86% year to date, which has lifted the yield to 2.53%. For retirees, the yield matters less than one question: can Lowe’s keep raising the payout while its biggest end market, housing, remains near a standstill?
Free Cash Flow Covers the Dividend Several Times Over
In fiscal 2025, Lowe’s produced $9.864 billion of operating cash flow and spent $2.213 billion on capex. That left about $7.65 billion of free cash flow. Dividends took $2.636 billion, roughly 34% of it. The forward dividend of $5 per share equals about 41% of management’s $12.25 adjusted EPS guidance.
The second quarter showed the same buffer. Brandon Sink put it simply during the August call:
“We generated $3.1 billion in free cash flow.”
Dividends paid in that quarter came to $673 million. The cash does come in unevenly through the year, though. In the quarter ending October 2025, operating cash flow was just $687 million against $673 million of dividends.
Lowe’s Is Raising Faster Than Home Depot and Target
In May, Lowe’s lifted its quarterly payout from $1.20 to $1.25, an increase of about 4.2%. Home Depot (NYSE:HD) raised its quarterly dividend just 1.3% to $2.33. Target (NYSE:TGT) managed 1.8%. Lowe’s quarterly payout has grown about 108% since the $0.60 it paid in early 2021. On the call, management tied the payout to its “commitment to returning capital to shareholders and our status as a dividend aristocrat.”
Housing Weakness Puts a Ceiling on Growth
Existing home sales slipped to 3.98 million in August, the low of the past year. Housing starts came in at 1.275 million. Lowe’s comparable sales rose only 0.2% last quarter, while transactions fell 2.1%. Marvin Ellison, the chief executive, was direct:
“Discretionary DIY demand remains under pressure.”
The push to win more professional contractors adds a second layer of housing risk. About 45% of the FBM acquisition’s business depends on residential construction, and the figure for ADG is 100%. Net interest expense is heading toward about $1.6 billion this year. Adjusted debt to EBITDA stands at 3.0 times, and management is aiming for 2.75 times by mid-2027. Big buybacks in past years, $14.124 billion in the fiscal year ending January 2023 alone, left shareholders’ equity at -$7.44 billion.
Our View: Lowe’s Keeps Growing the Payout, but More Slowly
Lowe’s remains a reliable dividend grower. Two things back that up. Buybacks fell to just $30 million in fiscal 2025, which leaves the dividend first in line for cash. And the payout uses only about a third of free cash flow.
The trade-off is speed. While the company pays down acquisition debt and housing stays soft, expect raises in the low-to-mid single digits rather than the big increases of 2021 and 2022 (we ranked ten long-streak dividend growers like Lowe’s by valuation in a free Dividend Kings report). Ellison is counting on a recovery:
“We know at some point we’re going to have to build houses in this country.”
The next hurdle is third-quarter results. Management expects adjusted EPS to come in about 7% below last year. Watch free cash flow and debt closely, because those two numbers will set the size of the next raise.
Contact [email protected] for any questions or corrections.
IBM a Siemens budou společně vyvíjet technologie pro návrh, simulace a litografii pro 3D architekturu nanostohu, aby ji připravily na hromadnou výrobu.
Collaboration aims to accelerate development of the manufacturing and design capabilities needed for future nanostack generations
, /PRNewswire/ -- Today, IBM (NYSE: IBM), in collaboration with Siemens, announced new research aimed at advancing IBM's nanostack architecture, a new transistor architecture unveiled by IBM earlier this year. The collaboration will bring together IBM's leadership in semiconductor device innovation and Siemens' expertise in electronic design automation (EDA), process simulation, lithography optimization, and advanced manufacturing software to accelerate the development of nanostack.
Nanostack is the industry's first known three-dimensional, nanosheet-based design, vertically stacking and staggering transistors to pack more transistors onto a chip, with nearly 100 billion transistors in a space the size of a fingernail at its current 7 angstrom node. The design also unlocks the use of different material combinations within each stacked layer to optimize performance and power efficiency of each transistor independent of the other. These innovations power substantial leaps in energy efficiency, performance, and SRAM scaling.
Earlier this year, IBM demonstrated the viability of the nanostack architecture. Now, additional advances are needed to prepare the technology for manufacturing and production at scale.
Through this collaboration, IBM and Siemens will work to advance the design, simulation, and lithography techniques needed for this and future nanostack generations beyond the current 7 angstrom node. The collaboration includes developing advanced virtual models of nanostack in order to model performance, optimize designs, and address fabrication challenges before chips are built.
"Nanostack is a scalable transistor platform designed to shift device scaling from 2D to 3D, representing a new paradigm for the semiconductor industry and a path forward for the logic scaling needed to support AI and other emerging technologies over the coming decade," said Huiming Bu, Vice President of Silicon Technology R&D, IBM. "We are thrilled to work with Siemens as we continue to advance this technology and explore new approaches to extend angstrom-level scaling with nanostack."
"Scaling semiconductors into the angstrom era demands tightly coupled co-optimization between device physics, EDA design and manufacturing software, and manufacturing. As physical AI places extraordinary demands on silicon architecture, IBM's 3D nanostack design represents a pivotal leap forward," said Ankur Gupta, Executive Vice President, EDA IC Portfolio, Siemens. "Siemens' collaboration with IBM to advance virtual modeling, simulation, lithography, and design software optimizations needed to address physical limitations early and accelerate the development of these complex architectures is truly pioneering."
By combining IBM's semiconductor leadership with Siemens' advanced EDA software and simulation technologies, the companies aim to accelerate technology development cycles and advance the manufacturing foundation necessary for bringing nanostack toward production.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Tržby společnosti Huya ve druhém čtvrtletí roku 2026 meziročně vzrostly o 11 % na 1 739,3 milionu RMB, a to díky růstu příjmů z herních služeb, reklamy a dalších zdrojů o 54,1 %.
, /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game-related entertainment and services provider, today announced that it recently received back-to-back industry accolades from two eminent business media brands, Barron's China and Forbes China. These honors highlight Huya's progress in its strategic transformation and its expanding role across the game ecosystem.
Huya was named to the Value Industry Benchmark 30 on the 2026 Barron's China Value List in the Integrated Game Ecosystem Services segment. The selection recognizes Huya's strong performance across the list's four assessment dimensions: Financial Integrity, Capital Quality, Pricing Power and Barron's Proprietary Data.
Huya also received a national award in the frontier innovation segment of the 2025 Forbes China Novel Intelligent Economy Selection for its creative use of AI and technological innovation to advance its game ecosystem and enhance its integrated game-related services.
Since launching its strategic transformation in August 2023, Huya has steadily expanded its game-related services, including game distribution, in-game item sales and game publishing. Goose Goose Duck mobile's successful debut and strong performance have validated Huya's content-led game publishing model, and The Legend of Swordman: Reunion and Xiao Xiao Qi Yu are progressing toward launch.
Huya is also advancing AI applications in live streaming, game tools and IP-based companionship. In July 2026, the Company unveiled VAM 1.0, its self-developed real-time multimodal digital human model, which can rapidly generate AI-powered virtual hosts capable of natural speech, singing, and expressive body movements, enabling lifelike, real-time interactions. VAM 1.0 is also expected to improve content production efficiency.
In the second quarter of 2026, Huya's total net revenues increased 11.0% year over year to RMB1,739.3 million. Game-related services, advertising and other revenues rose 54.1% to RMB637.9 million, representing 36.7% of total net revenues. Huya also doubled the authorized repurchase amount under its 2026 Share Repurchase Program to US$100 million.
Looking ahead, Huya will continue to drive innovation and strengthen its position as a leading game-related entertainment and services provider. Supported by a solid financial foundation, the Company aims to draw on its content ecosystem, streamer network, user base, AI technologies and industry partnerships to capture new growth opportunities and create long-term value for shareholders, users and industry partners.
About HUYA Inc.
HUYA Inc. is a leading game-related entertainment and services provider. Huya delivers dynamic live streaming and video content and a rich array of services spanning games, e-sports, and other interactive entertainment genres to a large, highly engaged community of game enthusiasts. Huya has cultivated a robust entertainment ecosystem powered by AI and other advanced technologies, serving users and partners across the gaming universe, including game companies, e-sports tournament organizers, broadcasters and talent agencies. Leveraging this strong foundation, Huya has also expanded into innovative game-related services, such as game distribution, in-game item sales, advertising and more. Huya continues to extend its footprint in China and abroad, meeting the evolving needs of gamers, content creators, and industry partners worldwide.
For more information, please visit: https://ir.huya.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, Huya's strategic and operational plans in this announcement contain forward-looking statements. Huya may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Huya's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huya's goals and strategies; Huya's future business development, results of operations and financial condition; the expected growth of the live streaming industry and the game industry in Chinese mainland and internationally; Huya's expectation regarding demand for and market acceptance of its products and services; Huya's ability to retain and grow its user reach, broadcasters, talent agencies, business partners for game-related services and advertisers; Huya's ability to expand its product and service offerings; competition in the live streaming industry and game industry; Huya's efforts in complying with applicable data privacy and security regulations; fluctuations in general economic and business conditions in China; the economy in China and elsewhere generally; any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Huya; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Huya's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Huya does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
HUYA Inc.
Investor Relations
Tel: +86-20-2290-7829
E-mail: [email protected]
Piacente Financial Communications
Jenny Cai
Tel: +86-10-6508-0677
E-mail: [email protected]
Micron plánuje od 9. prosince výrazněji vracet přebytečnou hotovost akcionářům, zejména prostřednictvím zpětných odkupů; velikost nového programu zatím není známa.
Micron just posted triple-digit revenue growth and now sits on a mountain of cash it plans to return to shareholders, yet the stock keeps sliding. What happens next depends on a single announcement in December.
Micron Technology (NASDAQ:MU | MU Price Prediction) trades at $953.19. Management has indicated a major capital return push starting December 9, and the stock sits about 24% below its $1,254.81 52-week high.
Micron makes DRAM, NAND and high-bandwidth memory (HBM), the chips that feed AI accelerators. Fiscal fourth-quarter revenue reached $54.23 billion, up 379.3% year over year. Even so, shares fell 8.83% over the past week.
A $68 Billion Net Cash Pile Is About to Go to Work
Micron ended the quarter with $68.3 billion in net cash and generated $33.2 billion of free cash flow. The CFO said fiscal Q1 free cash flow should be “significantly higher than the 33 billion we reported in fiscal Q4,” and the company plans to return 100% of excess cash over time, mainly through buybacks.
The valuation is modest for this growth. Micron trades at a forward P/E of 7 with a PEG ratio of 0.16. Q1 guidance calls for $61.5 billion in revenue and EPS of $38.15. More than 75% of calendar 2027 output is already committed, with roughly $150 billion in remaining performance obligations.
Peak Margins Have Burned Memory Investors Before
Gross margin hit 87.0%, compared with 45.7% a year earlier. That is a cycle-peak profile in a historically cyclical industry. Management already expects price increases to moderate, and capex is rising fast: $30.71 billion in fiscal 2026 and about $25 billion in just the first half of fiscal 2027.
Buybacks so far have been small. Micron bought back $365 million of stock last quarter, and its current authorization is only $2.2 billion. Smart money is cooling, too. Among 19 tracked hedge fund filers, 10 trimmed positions in the June quarter. With a beta of 2.226, any hint of glut could weigh heavily on the shares.
New Authorization Size Remains an Open Question
The size of the coming buybacks authorization is still unknown, and fiscal Q1 is expected to be the gross margin floor near 86.25%. The stock trades below its $979.51 50-day moving average, so the authorization headline and Q1 results stand as the next catalysts to monitor.
Wall Street Sees 64% Upside After a 395% Run
The average analyst target is $1,560.57, meaning 63.7% upside across 49 analysts. Targets are estimates, and the consensus tends heavily positive:
Strong Buy: 9
Buy: 36
Hold: 3
Strong Sell: 1
Micron has gained 394.97% over the past year, against 17.35% for the S&P 500. Year to date, it is up 234.18% versus 14.1% for the index.
Buyback Firepower Could Reshape Micron’s Share Count
At $953.19, Micron’s bull case rests on capital returns and contracted demand.
December is the key month ahead. A larger authorization, paired with free cash flow that management expects to keep climbing, would turn a company worth about $1.078 trillion into a steady buyer of its own shares at a single-digit forward multiple.
The cyclical risk is real, but strategic customer agreements change it. Take-or-pay volumes and pricing floors support the CFO’s view that “even at floor prices, we expect margins meaningfully above any prior cycle peak margins.”
The thesis falls apart if the new authorization comes in small, if gross margins slip below the Q1 floor, or if HBM pricing for 2028 drops. Watch the authorization announcement first and the Q1 margin result second. The recent decline comes just before Micron’s planned capital return push.
Contact [email protected] for any questions or corrections.
Elon Musk just called unnamed memory makers extortionate while praising Micron's pricing as a model for long-term loyalty, but the company's own contracts tell a more complicated story about who actually controls prices.
At 5:52 p.m. Eastern on October 13, 2026, Elon Musk, responding to Nicholas Mugalli, posted on X that Micron Technology (NASDAQ:MU | MU Price Prediction) “has been reasonable regarding future memory prices, while others have been extortionate, which is something today’s customers won’t forget …” He named no company. No company was labeled extortionate. He added that Micron was making the smart move for long-term customer loyalty.
@RealNickMugalli Micron has been reasonable regarding future memory prices, while others have been extortionate, which is something today’s customers won’t forget …
Micron is making is the smart move for long-term customer loyalty.
— Elon Musk (@elonmusk) October 13, 2026
Micron had closed the regular session at $953.19, down 3.62%, and after hours it rose only 0.32% to $956.20. The praise read as commentary, and that take looks right.
What Musk’s Post Actually Covers
Nothing in the post is signed. No supply agreement between Micron and any Musk company has been reported, and the post disclosed no prices, volumes, or contract terms.
Musk was responding to investor Nicholas Mugalli. His post summing up a JPMorgan Chase (NYSE:JPM) note said Micron holds 26 long-term deals covering 35%+ of revenue through 2030, $150 billion in contracted backlog, $32 billion in committed customer cash and over 75% of next year’s output already sold. Those figures came through a social post. They didn’t come from the note itself, but they line up with what Micron told investors on its September 30 earnings call.
Why the Contracts Matter More Than the Compliment
Selling output years ahead turns a cyclical commodity business into something closer to a contracted one. That shift explains much of the re-rating that raised Micron’s market value to $1.08 trillion, close to Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) $1.11 trillion.
Against guidance for fiscal first-quarter revenue of $61.5 billion ± $1.5 billion, one buyer’s goodwill doesn’t move the numbers. Musk also has a stake in the matter. His companies buy huge amounts of memory for AI computing and vehicles (we featured seven suppliers behind that same AI expansion, from power to cooling, in a free report you can grab here). When a buyer that size praises a supplier for gentle pricing, he is also negotiating in public.
Where the “Reasonable” Label Breaks Down
Micron posted an 87.0% non-GAAP gross margin (the share of revenue left after production costs) in the fiscal fourth quarter. Management said, “any new discussions on SCAs where pricing is involved are negotiated with higher pricing based on prevailing market conditions and outlook.”
The pricing bands limit both the downside and the upside. Three quarters of the expected contract revenue come with a set pricing framework, and most of those frameworks carry floor and ceiling prices. Ceilings cap the upside during a shortage, but the finance chief said: “even at floor prices, we expect margins meaningfully above any prior cycle peak margins.”
The bigger threat is supply, because before Musk posted, a Chinese memory maker flagged a denser chip design, which goes straight at the scarcity thesis for commodity DRAM. Micron fell 12.4% over four sessions from $1,088.00, and it now trades 24% below its $1,255.00 high even after a 234.18% gain this year.
What Investors Need to Weigh in Micron’s Contract Story
The pullback likely reflects worry about future Chinese supply, while Micron’s contracts are cash-backed take-or-pay agreements (the customer pays whether or not it takes delivery) that run into 2031. Musk’s post doesn’t change any contract already signed, and investors were right to shrug, since the pricing control he praised is narrower than it sounds because Micron is raising prices on new agreements.
Memory cycles can turn fast, and output sold forward at today’s prices may look cheap if the shortage gets worse while Chinese competition grows. Micron’s fiscal first-quarter report needs to land inside its $61.5 billion ± $1.5 billion range at roughly 86.25% gross margin. A miss on either number, or a close back below the $186.25 low that started this run, would prove this view wrong.
Contact [email protected] for any questions or corrections.
Micron Technology (NASDAQ: MU) is preparing to pay its next quarterly dividend as the memory-chip maker faces renewed selling pressure and intensifying competition.
At press time, MU shares traded at around $953, down 3.6% on the day and approximately 6% over the past week.
MU one-week stock price chart. Source: Finbold
Micron declared a quarterly cash dividend of $0.15 per share on September 30, 2026, with payment scheduled for October 29. Shareholders of record as of October 14 are eligible for the distribution, according to the company’s financial results.
At this rate, an investor holding 100 shares will receive $15 before taxes. The payment is unchanged from Micron’s previous quarterly dividend of $0.15 per share, distributed on July 21.
If the company maintains its current payout for four consecutive quarters, an investor holding 100 shares throughout the year would receive $60 annually.
However, the dividend remains small relative to the stock’s market price. At $953 per share, purchasing 100 shares would cost approximately $95,300. The $15 quarterly payment represents a return of roughly 0.016% on that investment, while the annualized dividend yield stands at about 0.06%.
Micron stock risks
Micron stock is also facing increased pressure amid concerns about competition in the memory-chip market, particularly following developments involving China’s ChangXin Memory Technologies (CXMT).
CXMT has advanced its denser dynamic random-access memory (DRAM) architecture and plans to launch a new server-memory product by the end of 2026, raising competition concerns as demand for AI infrastructure grows.
Notably, Micron supplies DRAM and NAND memory for data centers and consumer electronics, while its high-bandwidth memory (HBM) is critical for AI accelerators.
However, increased rival production could pressure memory prices and profit margins, challenging Micron’s pricing power.
MU stock fundamentals
Despite the recent decline, Micron’s fiscal 2026 results highlight strong growth, with revenue rising to $133.19 billion from $37.38 billion in fiscal 2025. Net income also climbed to $84.97 billion from $8.54 billion, according to the company’s financial results.
Stronger memory demand and pricing have supported Micron’s performance as data-center operators expand AI infrastructure.
However, rising manufacturing costs and increased industry capacity could pressure margins and threaten earnings growth.
Micron has also expanded its share repurchase authorization to $35.16 billion following a board decision on October 8, 2026.
The authorization includes approximately $2.16 billion remaining under the previous program, alongside additional capacity linked to the company’s capital-allocation plans. The buyback could support earnings per share by reducing the number of outstanding shares.
However, the authorization does not guarantee that Micron will repurchase the full amount. Actual purchases will depend on market conditions, available cash, and restrictions tied to government funding agreements.
Repurchases under the expanded authorization are scheduled to begin on December 9, 2026, subject to applicable restrictions.
The Euro (EUR) trades marginally lower at around 1.1190 against the US Dollar (USD) during the European trade on Wednesday after retreating from its day’s high of 1.1211. The major currency pair ticks down as the US Dollar claws back its early losses, with investors turning cautious ahead of the United States (US) Consumer Price Index (CPI) data for September releasing at 12:30 GMT.
As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is marginally higher to near 102.24.
Analysts at Danske Bank expect a modest firming in the September data, forecasting “headline inflation at 0.5% m/m SA, 3.6% y/y (prior: 0.6% m/m, 3.4% y/y) and core inflation at 0.2% m/m SA, 2.5% y/y (prior: 0.3% m/m, 2.4% y/y), with energy prices being the main driver of the expected pickup in headline inflation.”
The inflation data is expected to influence Federal Reserve’s (Fed) interest rate expectations significantly, as officials have indicated several times that they highly concerned about heightened inflation risks.
Later in the day, investors will also focus on Fed’s Beige Book, which will be published at 18:00 GMT.
On the Euro front, financial markets seem increasingly confident that the European Central Bank (ECB) will not hike interest rates in the policy meeting later this month.
According to a Reuters poll conducted October 5-8, 70 of 73 economists expect the ECB to hold its deposit rate at 2.50% on October 29.
EUR/USD Technical Analysis
In the daily chart, EUR/USD trades at 1.1192. The pair remains under clear bearish pressure, with price extending its decline from recent highs and pressing toward fresh lows in this sequence. The Relative Strength Index (14) at 29.62 sits just below the oversold threshold, hinting that bearish momentum is stretched but still dominant in the near term.
On the downside, the October 12 low at 1.1153 is the key support level. Looking up, the October 6 high at 1.1277 would act as major barrier.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Economic Indicator
Consumer Price Index ex Food & Energy (YoY)
Inflationary or deflationary tendencies are measured by periodically summing the prices of a basket of representative goods and services and presenting the data as the Consumer Price Index (CPI). CPI data is compiled on a monthly basis and released by the US Department of Labor Statistics. The YoY reading compares the prices of goods in the reference month to the same month a year earlier. The CPI Ex Food & Energy excludes the so-called more volatile food and energy components to give a more accurate measurement of price pressures. Generally speaking, a high reading is bullish for the US Dollar (USD), while a low reading is seen as bearish.
Read more.
The US Federal Reserve has a dual mandate of maintaining price stability and maximum employment. According to such mandate, inflation should be at around 2% YoY and has become the weakest pillar of the central bank’s directive ever since the world suffered a pandemic, which extends to these days. Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs. The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future.
State Street měla ve třetím čtvrtletí 2026 aktiva v úschově nebo administraci v hodnotě 59,2 bilionu USD a aktiva pod správou v hodnotě 6,3 bilionu USD.
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) reported its third-quarter 2026 financial results today. The news release, presentation and additional financial information can be accessed on State Street’s Investor Relations website, http://investors.statestreet.com. A conference call to discuss the firm’s financial results, outlook and related matters will be held at 11:00 a.m. ET today, Wednesday, October 14, 2026. The call will be open to the public.
The conference call will be accessible on State Street’s Investor Relations website, and by telephone at (+1) 800 439 6511 (Participant Passcode: 96234#).
Following the conference call, a replay will be available on State Street’s Investor Relations website for approximately one month.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $59.2 trillion in assets under custody and/or administration and $6.3 trillion* in assets under management as of September 30, 2026, State Street operates globally in more than 100 geographic markets and employs approximately 51,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of September 30, 2026 includes approximately $172 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.
Altair Semiconductor integruje satelitní připojení Iridium NTN Direct do čipsetů pro IoT ALT1350 a ALT1550, které v jediném čipu kombinují pozemní mobilní a satelitní konektivitu.
, /PRNewswire/ -- Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, aircraft surveillance, and positioning, navigation, and timing (PNT) satellite services, today announced that Altair Semiconductor, a world leader in cellular IoT chips, is integrating Iridium NTN Direct℠ capability into Altair's ALT1350 and next-generation ALT1550 IoT chipset platforms. With terrestrial cellular IoT and Iridium satellite connectivity on a single chipset, device manufacturers, module makers and mobile network operators (MNOs) will be able to extend IoT connectivity beyond the reach of terrestrial networks through the Iridium satellite network, without adding a separate satellite modem to their designs.
Altair Semiconductor Integrates Iridium NTN Direct into ALT1350 and ALT1550 Cellular IoT Chipsets The partnership combines Altair's cellular IoT chipset technology, among the most highly integrated low-power connectivity solutions available, with Iridium's 3GPP standards-based non-terrestrial network (NTN) service, giving device manufacturers another chipset option for products that need connectivity beyond terrestrial cellular coverage. With the ultra-low-power ALT1350, these connectivity requirements can include asset tracking, logistics, smart metering and utilities, agriculture, vehicle telematics, industrial monitoring and remote infrastructure. With the ALT1550, these capabilities extend to a new generation of AI-powered 5G eRedCap devices, such as smart glasses, AI assistants and other wearables, that need to stay connected wherever they go.
"Altair has deep experience developing highly integrated, low-power IoT solutions, and we're excited to work together to extend their reach with Iridium's truly global satellite network," said Tim Last, executive vice president, Iridium. "As a market leader in satellite IoT, Iridium is offering device manufacturers a powerful new way to develop connected products. Integrating Iridium NTN Direct into Altair's chipsets will enable solutions and applications that require reliable, low-power connectivity beyond the limits of terrestrial networks."
"Adding Iridium NTN Direct to our ultra-low-power LTE-M/NB-IoT ALT1350 and 5G eRedCap ALT1550 chipsets reflects our commitment to giving customers greater flexibility in how and where their IoT devices connect," said Dima Feldman, VP Product Management and Marketing, Altair Semiconductor. "With Iridium's truly global LEO satellite connectivity alongside terrestrial cellular, device manufacturers can more easily develop solutions that will reliably work anywhere they're deployed."
Iridium NTN Direct leverages Iridium's fully operational, LEO satellite constellation and globally coordinated L-band spectrum to extend standards-based connectivity beyond terrestrial networks. The service is designed to support NB-IoT and direct-to-device (D2D) applications using compatible 3GPP standards-based chipsets, providing MNOs, chipset manufacturers and device makers with a path to extend connectivity through the Iridium satellite network.
Altair joins a growing ecosystem of partners bringing the Iridium NTN Direct service to market. A combination of chipmakers, module manufacturers, OEMs, device makers, and IoT developers is leading the next generation of NTN-cellular integration with Iridium NTN Direct.
For more information about Iridium NTN Direct, visit www.iridium.com/ntn-direct
About Iridium Communications Inc.
Iridium Communications Inc. (Nasdaq: IRDM) operates the world's only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world's only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.
Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.
Forward-Looking Statements Disclosure
Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company has based these statements on its current expectations and the information currently available to us. Forward-looking statements in this press release include statements regarding the capabilities, benefits and availability of the Iridium NTN Direct service. Forward-looking statements can be identified by the words "anticipates," "may," "can," "believes," "expects," "projects," "intends," "likely," "will," "to be" and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the timing of commercial availability of the Iridium NTN Direct service, the company's ability to maintain the health, capacity and content of its satellite constellation, general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption "Risk Factors" in the company's Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the "SEC") on February 12, 2026, and the company's Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on July 22, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium's expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium's underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium's forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update or revise any forward-looking statements.
Ocugen udělil společnosti Roots Pharmaceutical exkluzivní licenci na genovou terapii OCU400 pro léčbu retinitis pigmentosa v regionu MENA. Dohoda zahrnuje vstupní licenční poplatek, počáteční vývojové platby až ve výši 4 milionů USD, prodejní milníky až ve výši 255 milionů USD a licenční honoráře ve výši 22 % z čistých tržeb.
Establishes strategic commercial reach across the Middle East and North Africa, advancing Ocugen’s goal of enabling global patient access to potentially transformational gene therapiesExpands access to a potential one-time gene therapy for retinitis pigmentosa in a region with high disease prevalence and substantial unmet needAgreement includes upfront license fee and initial development payments up to $4 million, potential sales milestones up to $255 million, and royalties equaling 22% of net sales; Ocugen will manufacture and supply OCU400 MALVERN, Pa., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Ocugen, Inc. (“Ocugen” or the “Company”) (NASDAQ: OCGN), a pioneering biotechnology leader in gene therapies for blindness diseases, today announced the execution of a licensing agreement with Roots Pharmaceutical, and its strategic partner Al-Dhow International Holding, for the exclusive rights to OCU400, Ocugen's novel modifier gene therapy for the treatment of Retinitis Pigmentosa (RP), in the Middle East and North Africa (MENA) region.
Subject to the terms of the License Agreement, Ocugen will receive an upfront license fee and potential initial development milestone payments of up to $4 million, in the aggregate, as well as potential sales milestone payments of up to $255 million, and royalties equaling 22% of OCU400 net sales generated by Roots Pharmaceutical. Ocugen will manufacture the commercial supply of OCU400 under terms of a related supply agreement.
Ocugen believes RP is a leading cause of inherited vision loss globally, with a particularly significant unmet need across the MENA region, where the prevalence of RP is estimated to be 10 to 20 times higher than in the U.S. and EU. Through OCU400, Roots Pharmaceutical aims to help address this substantial unmet need by potentially providing a treatment option for people in the MENA region living with RP and facing progressive vision loss and potential blindness.
“By partnering with Roots Pharmaceutical, an established leader with strong reach across the Middle East and North Africa, we are expanding our ability to bring our potential one-time gene therapy to patients in a region where retinitis pigmentosa is highly prevalent and the unmet medical need is significant,” said Dr. Shankar Musunuri, Chairman, Chief Executive Officer and Co-founder of Ocugen. “This agreement represents another important step in our strategy to build strong regional partnerships and expand global access to our potentially transformational gene therapies.”
Roots Pharmaceutical is an established and rapidly growing pharmaceutical company serving key markets across the MENA region. With more than two decades of operating experience and expertise in commercializing innovative medicines, the company’s regional capabilities and established healthcare relationships position it as a strong partner for bringing OCU400 to RP patients across MENA.
"This partnership reflects Roots' commitment to bringing breakthrough gene therapies to the Middle East and North Africa, leading and shaping the treatment paradigm for our patients, which is our main objective," said Dr. Islam Zayed, Chief Executive Officer and Co-Founder of Roots Pharmaceutical. "OCU400 has the potential to change the outlook, and the lives, of patients living with retinitis pigmentosa. We look forward to working closely with Ocugen to build the diagnosis-to-treatment pathway that gene therapy requires across our markets, and to exploring further collaboration across Ocugen's ophthalmology pipeline."
Ocugen continues to advance OCU400 through its Phase 3 liMeliGhT clinical trial with a topline data readout expected in the first quarter of 2027, followed by global regulatory submissions, including a Biologics License Application in the U.S. and a Marketing Authorization Application in Europe.
About Ocugen, Inc.
Ocugen, Inc. is a pioneering biotechnology company developing gene therapies for blindness diseases. The Company’s breakthrough modifier gene therapy platform has the potential to address significant unmet medical needs across large patient populations through a gene-agnostic approach. Unlike traditional gene therapies and gene-editing technologies that target a single gene mutation, Ocugen’s modifier gene therapies are designed to address the underlying disease biology by restoring balance across multiple gene networks. The Company is currently advancing programs for inherited retinal diseases and other causes of blindness that affect millions worldwide, including retinitis pigmentosa, Stargardt disease, and geographic atrophy, an advanced form of dry age-related macular degeneration. Discover more at www.ocugen.com and follow the Company on LinkedIn and X.
About Roots Pharmaceutical Company
Founded in Kuwait in 2006, Roots Pharmaceutical is a fully integrated healthcare provider specializing in commercializing innovative therapies, medical devices, and an aesthetic line across the Middle East and North Africa. It is led by a team with over 25 years of pharmaceutical industry experience.
Roots Pharmaceuticals has established a direct commercial presence in the MENA region (Middle East and North Africa), mainly in GCC countries and key North African countries, with a therapeutic portfolio spanning neurology, hematology, oncology, rare diseases, dermatology, cardiovascular, medical devices and aesthetic line.
With 30+ global partners and a $300M+ product pipeline, Roots Pharmaceutical and its strategic partner Al-Dhow Group are committed to delivering meaningful healthcare impact across the MENA region through innovation, access and excellence. Its operations are ISO 9001:2015-certified and externally audited by PwC.
Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the anticipated benefits to Ocugen of the definitive license agreement and supply agreement with Roots Pharmaceutical Company, as well as statements regarding strategy, the potential amounts of milestone payments and royalty payments that may be received under the license agreement, business plans and objectives for Ocugen’s clinical programs, plans and timelines for the preclinical and clinical development of Ocugen’s product candidates, including the therapeutic potential, clinical benefits and safety thereof, expectations regarding timing, success and data announcements of current ongoing preclinical and clinical trials, including the timing of data readouts and marketing applications, the ability to initiate new clinical programs, statements regarding qualitative assessments of available data, potential benefits, expectations for ongoing clinical trials, anticipated regulatory filings and anticipated development timelines, statements regarding potential market size and commercial possibilities of Ocugen’s product candidates, which are subject to risks and uncertainties. Ocugen may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks, and uncertainties that may cause actual events or results to differ materially from Ocugen’s current expectations, including, but not limited to, the risks that the license agreement and supply agreement with Roots Pharmaceutical Company will not lead to the current anticipated benefits to Ocugen; that preliminary, interim and top-line clinical trial results may not be indicative of, and may differ from, final clinical data; that unfavorable new clinical trial data may emerge in ongoing clinical trials or through further analyses of existing clinical trial data; that earlier non-clinical and clinical data and testing may not be predictive of the results or success of later clinical trials; and that clinical trial data are subject to differing interpretations and assessments, including by regulatory authorities. These and other risks and uncertainties are more fully described in Ocugen’s filings with the Securities and Exchange Commission (SEC), including the risk factors described in the section entitled “Risk Factors” in the quarterly and annual reports that Ocugen files with the SEC. Any forward-looking statements that Ocugen makes in this press release speak only as of the date of this press release. Except as required by law, Ocugen assumes no obligation to update forward-looking statements contained in this press release whether as a result of new information, future events, or otherwise, after the date of this press release.
Bank of America zklamala výnosy z obchodování ve výši 5,06 miliardy USD oproti očekávaným 5,41 miliardy USD; akcie v předobchodním obchodování klesly o více než 4 %.
Bank of America zveřejnila smíšené výsledky. Silnější úrokové výnosy však nedokázaly vyvážit zklamání z obchodních aktivit a přetrvávající obavy investorů z rozsáhlých ztrát v dluhopisovém portfoliu, které zůstává hlavní brzdou výkonnosti banky. Akcie banky v předobchodní fázi oslabují o více než 4 %.
Celkové výnosy z obchodování bez vlivu úpravy vlastního úvěrového rizika (DVA) činily 5,06 miliardy dolarů, zatímco analytici očekávali 5,41 miliardy dolarů. Největším zklamáním byla divize obchodování s dluhopisy, měnami a komoditami (FICC), jejíž výnosy dosáhly 2,55 miliardy dolarů oproti očekávaným 2,86 miliardy dolarů. Také obchodování s akciemi mírně zaostalo za odhady, když vyneslo 2,51 miliardy dolarů.
Naopak pozitivně překvapil tradiční bankovní byznys. Čistý úrokový výnos vzrostl na 16,45 miliardy dolarů, nad konsensem trhu 16,24 miliardy dolarů, a čistá úroková marže dosáhla 2,16 %, rovněž nad očekáváním. Zisk na akcii po očištění o mimořádné položky dosáhl 1,08 USD, zatímco vykázaný zisk na akcii činil 0,91 USD.
Výnosy sedmiletých a desetiletých amerických státních dluhopisů vzrostly nad 5 %, což snížilo tržní hodnotu dříve nakoupených bondů s nižším výnosem. Nerealizované ztráty v portfoliu dluhopisů Bank of America tak od konce června vzrostly o 28 % na více než 109 miliard dolarů, píše Bloomberg.
„JPMorgan, Citigroup a Goldman Sachs jsou ve velmi dobré pozici, zatímco se tak trochu zapomíná, že Bank of America má stále významný problém,“ napsal zakladatel analytické společnosti BankRegData Bill Moreland. Zmíněný problém se netýká pouze Bank of America. Takzvané ztráty v položce AOCI (Accumulated Other Comprehensive Income), kam se promítají změny hodnoty některých dluhopisových portfolií, se ve třetím čtvrtletí více než zdvojnásobily také u JPMorgan Chase a Wells Fargo.
Analytici Truist Securities upozornili, že rozsah nárůstu těchto ztrát byl pro trh překvapením. Současně vyvolal otázky, zda banky kvůli tlaku na kapitálovou přiměřenost nezpomalí programy zpětného odkupu akcií. Analytik Brian Foran připomněl, že ještě v srpnu trh očekával, že největší americké banky do konce roku 2027 odkoupí vlastní akcie za zhruba 207 miliard dolarů.
Obavy zesílily poté, co JPMorgan oznámila, že ve třetím čtvrtletí snížila objem zpětných odkupů téměř o 90 % oproti stejnému období loňského roku. Generální ředitel Jamie Dimon však odmítl, že by za tím stály právě nerealizované ztráty z dluhopisových portfolií. „Hlavním důvodem omezení zpětných odkupů je skutečnost, že kapitál dokážeme investovat do atraktivních příležitostí s vysokou návratností. Nesouvisí to s AOCI, vývojem prostředí ani pravidly Basel III,“ uvedl Dimon.
Analytici nicméně zdůrazňují, že současná situace nepředstavuje pro Bank of America existenční hrozbu. Banka disponuje stabilní depozitní základnou v objemu přibližně 2 bilionů dolarů a nečelí podobným problémům s likviditou, jaké vedly ke kolapsu Silicon Valley Bank nebo First Republic Bank v roce 2023.
Přesto zůstává dluhopisové portfolio dlouhodobou brzdou výkonnosti banky. Od začátku cyklu zvyšování sazeb Fedu v roce 2022 jsou akcie Bank of America nejslabším titulem mezi šesticí největších amerických bank. Zatímco akcie Bank of America za toto období vzrostly přibližně o 21 %, akcie Goldman Sachs, Citigroup a JPMorgan více než zdvojnásobily svou hodnotu.
Bank of America navíc stále drží největší dluhopisové portfolio mezi hlavními americkými bankami, které zároveň nese nejnižší výnos. Vedení banky argumentuje tím, že s postupným splácením starších nízkovýnosových dluhopisů bude možné prostředky reinvestovat za výrazně atraktivnějších podmínek.
Výsledky navíc zatížil regulatorní náklad ve výši 1,2 miliardy dolarů, který souvisí s urovnáním vyšetřování praní špinavých peněz a porušování sankčních pravidel. Banka potvrdila, že celková mimořádná ztráta v položce „ostatní čistá ztráta“ dosáhla 1,4 miliardy dolarů, z čehož většinu tvořila právě tato sankce.
Applied Materials již popáté v řadě překonala odhady zisku; tržby meziročně vzrostly o 24,8 % na 9,115 miliardy USD. Akcie za tři měsíce klesly o 21,98 %.
Applied Materials just posted its fifth consecutive earnings beat while the stock cratered 22% in three months, and at least one Wall Street firm thinks that disconnect points to one of the more compelling setups in the chip equipment sector…
Applied Materials (NASDAQ:AMAT | AMAT Price Prediction) currently trades at $464.24, while Wall Street’s average price target stands at $635.33. That gap implies 36.9% upside.
Applied Materials builds the deposition, etch, inspection and packaging tools that chipmakers use to produce AI processors and high-bandwidth memory. Its latest quarter delivered revenue of $9.115 billion, up 24.8% year over year, and non-GAAP EPS of $3.50 against a $3.39 consensus. That was its fifth consecutive beat.
The business is accelerating while the stock falls, and investors need to know whether the market sees something analysts are missing.
An Investor Day Omission Deepened a 22% Three-Month Slide
Applied Materials declined to provide an industry spending forecast at its investor day, and shares fell 6.69% in a single session. Barron’s noted the stock was on pace to close lower for a sixth consecutive trading session. The one-week loss reached 12.45%, and the three-month decline stands at 21.98% from $595.06. Shares now sit 37.2% below their 52-week high of $738.88.
The pressure started earlier. Reuters reported that shares slipped after the August earnings report as an upbeat outlook failed to soothe investors seeking faster growth after a stellar run. Management also highlighted a hard constraint on the call: “It will be the availability of clean room at a high level that will determine what we can all ship next year.” With no spending forecast on offer, investors had to price that uncertainty themselves.
The weakness hit the whole group, but Applied took the most damage. Lam Research (NASDAQ:LRCX) fell 2.73% and KLA (NASDAQ:KLAC) dropped 3.22% on the same day, while the S&P 500 slipped just 0.01%.
Analysts Keep Raising Estimates as the Stock Falls
Analysts are focused on to AI-driven demand that management says stretches years out. Applied expects leading-edge foundry logic, DRAM and advanced packaging to represent “around 80% of wafer fab equipment growth in 2026 and 2027,” and projects packaging revenue to grow “more than 70% in calendar 2026.” DRAM revenue, including HBM packaging, grew 52% year over year. Fiscal Q4 guidance calls for revenue of about $10.25 billion and non-GAAP EPS of roughly $4.02. Customer visibility now includes “some conversations now extending to 2030.”
Revisions point higher. The fiscal 2027 EPS consensus has rose to $18.4658 from $16.5279 90 days ago, and the January-quarter estimate drew 18 upward revisions in the past week with none lower. The top fiscal 2027 estimate reaches $21.77, which supplies the earnings math behind the most aggressive near-doubling calls by HC Wainwright, with its $900 target price. Ratings break down as 4 Strong Buy, 29 Buy, 7 Hold and no Sells.
Rising estimates coupled with a falling price signal multiple compression, and at 23x forward earnings the stock still prices in sustained growth. Analyst targets are 12-month opinions and carry no guarantee.
Chip Equipment Peers Fell Together, and Applied Fell Hardest
The semiconductor equipment group sold off as a pack, so Applied belongs to a broader falls. It has simply dropped further.
Lam Research lost 9.82% over the past week. The stock trades at $301.11, versus a $375.81 average target, implying 24.8% upside. Ratings show 4 Strong Buy, 25 Buy and 6 Hold with no Sells. Wall Street sees less upside here than for Applied.
KLA fell 6.82% over the week and trades at $184 versus a $232.77 target, implying 26.5% upside. Its 5 Strong Buy, 14 Buy and 10 Hold ratings make it the most carefully rated name of the group. Its upside also trails Applied’s.
Western Digital (NASDAQ:WDC) is an adjacent AI-infrastructure play that sells hard drives. It has fallen 32.4% over three months. The shares trade at $380.71 versus a $668.50 target, implying 75.6% upside, with 4 Strong Buy, 17 Buy and 5 Hold ratings. Melius Research has the highest target on the Street at $1,050.
Western Digital carries the largest implied upside of the group. Among direct equipment peers, Applied offers the widest gap to consensus.
An 81% Year-to-Date Gain Still Leaves the S&P 500 Far Behind
Applied trades at $464.24 against a consensus target of $635.33, implying 36.9% upside across 40 analysts. The three-month decline of 21.98% sits alongside a 1.7% one-month gain, showing the damage arrived in two sharp waves.
Year to date, Applied is up 81.29% while the S&P 500 has gained 14.1%. Over one year, the stock has returned 112.71% against 17.35% for the index. The 50-day moving average of $489.74 now sits above the share price, with the 200-day average at $435.51.
Applied Materials Bull and Bear Cases Hinge on the 2027 Spending Outlook
Shares look more compelling if DRAM and advanced packaging ramp as guided and fiscal Q4 lands near $10.25 billion. That keeps the $18.4658 fiscal 2027 EPS path intact and makes a forward multiple near 23x look reasonable for this growth rate. A clear 2027 spending outlook would also remove the uncertainty behind this week’s drop.
The bear case gains weight if clean room shortages cap shipments, export controls squeeze China sales, or the investor day silence signals a weaker 2027 than analysts model. China already declined to 28% of revenue from 35%.
On balance, the data leans positive. Estimates are rising, guidance points higher, and the stock trades 37.2% off its high. The missing forecast is a real yellow flag, so management’s 2027 outlook is the next data point to keep an eye on.
Contact [email protected] for any questions or corrections.
Aave announced at 15:47 UTC on October 13, 2026 that its DAO had approved incentives for the Coinbase Tokenized Stocks market on Base. The published program terms say rewards began that day, are paid in $USDC through Merkl, and continue until the budget runs out. They do not state a campaign-specific budget.
The campaign covers supply positions in AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc. The rate is variable and not guaranteed. Aave can modify, pause, or end the program early, while rewards accrued before a change remain claimable for eligible users.
Access follows the issuer’s jurisdictional restrictions. The terms exclude US persons and anyone located in the United States. They also exclude people in jurisdictions where Coinbase does not offer the tokens, comprehensively sanctioned jurisdictions, listed persons and addresses, and anyone whose participation would violate local law.
Claiming rewards amounts to a representation that the claimant is eligible, acquired the tokens under the issuer’s terms, and complies with applicable law. The terms say rewards accrued by an ineligible person are not validly earned and may be withheld. This makes eligibility part of the claim process rather than a promise that every address supplying collateral will receive rewards.
The DAO approved the incentive budget through a broader funding update. TokenLogic said rewards are drawn only against live campaigns and that it will report incentive spending through its governance updates. The incentive post does not identify how much of the broader allowance is assigned to this campaign, so its end date cannot be calculated from the published terms.
What the incentives pay for
The incentives sit on top of an isolated lending market rather than turning the stocks into borrowable assets. Aave’s Base market specification places the seven stocks in a dedicated Equities Hub. Users can post any combination as collateral and borrow $USDC. The equities themselves cannot be borrowed.
That separation matters to $USDC suppliers. Joining the hub explicitly opts them into lending against tokenized equity collateral, and the exposure does not extend to Aave’s other Base markets. The hub also includes a supply-only tokenized $USDC spoke for vaults and aggregators.
Pooling lets one borrower use a combination of supported stocks in one position. Each asset keeps its own collateral factor, so the composition of the account determines borrowing capacity. A diversified basket does not receive a separate borrowing multiplier. The market’s separation also means a problem with this collateral set does not automatically spread its exposure to lenders in other Aave markets.
Borrowing power varies by stock. The approved collateral factors are 78% for AAPLc, 73% for AMZNc, 76% for GOOGLc, 65% for METAc, 79% for MSFTc, 70% for NVDAc, and 65% for TSLAc. The market uses a 5.5% maximum liquidation bonus and a 10% liquidation fee. Its $USDC reserve has a 32 million add cap and a 21 million draw cap.
The token structure adds risks that do not exist for ordinary crypto collateral. LlamaRisk’s technical assessment says each token is a certificate over shares held in segregated custody under a bare trust governed by Abu Dhabi Global Market law. Secondary-market buyers initially have economic exposure but no redemption right until they complete the issuer’s vesting process. The program terms also say Coinbase, not Aave DAO, TokenLogic, or Aave Labs, issues the tokens.
The price feed includes an issuer multiplier as well as the underlying share price. The multiplier begins at 1.0 and changes for corporate actions. A reinvested dividend raises it after fees and withholding tax, while a stock split changes it by the split ratio. During a corporate action, the issuer pauses its registry flag, minting and redemption stop, and the feed holds its last value until the adjusted price is confirmed. Token transfers can continue during that window.
The price feed stops when stocks stop trading
The market operates continuously, but its equity prices do not. Chainlink’s tokenized equity feeds publish from Sunday evening through Friday evening in US Eastern time and hold their last value during weekends and market holidays. The feeds use a 0.5% deviation threshold and a 24-hour heartbeat while sessions are open.
A frozen feed means a position’s reported collateral value does not move during a closure. Its health factor can still fall as interest accrues. When the feed resumes, news accumulated during the closure can appear in one price update and push a position below its liquidation threshold. LlamaRisk modeled the collateral factors around that gap, including a historical closure lasting 92 hours and 35 minutes and a 24% stressed debt rate.
Liquidators may also face a delay after taking collateral. The assessment says issuer redemption is available only to vested holders and settles during regular market hours. Base secondary liquidity can be thin, while an off-hours liquidator may need to hedge until the underlying market opens. The maximum liquidation bonus is designed around redemption, secondary-market sale, and perpetual-hedge routes.
For stock holders, the immediate change is a variable $USDC subsidy on collateral they could already use to borrow $USDC. The reward is not a contractual entitlement, and its rate can fall as participation grows. A supplier also remains exposed to the issuer, custody arrangement, price feed, smart contracts, and liquidation process.
For $USDC suppliers, the campaign may bring more collateral into the isolated hub, but it does not remove weekend repricing or liquidation-path risk. They have opted into that risk by supplying to this hub rather than another Aave market.
The next milestone is not dated. The campaign ends when its budget is exhausted unless Aave modifies, pauses, or stops it earlier. The figure to watch is whether borrowing demand remains after the variable subsidy changes or disappears.
, /PRNewswire/ -- Yum China Holdings, Inc. (NYSE: YUMC and HKEX: 9987, "Yum China" or the "Company") today announced that it will report its unaudited financial results for the third quarter ended September 30, 2026 before the U.S. market opens on Tuesday, November 3, 2026 (after the trading hours of the Hong Kong Stock Exchange on Tuesday, November 3, 2026).
Yum China's management will hold an earnings conference call at 7:00 a.m. U.S. Eastern Time on Tuesday, November 3, 2026 (8:00 p.m. Beijing/Hong Kong Time on Tuesday, November 3, 2026).
A live webcast of the call may be accessed at https://edge.media-server.com/mmc/p/dtz2kvag.
To join by phone, please register in advance through the link provided below. Upon registering, you will be provided with participant dial-in numbers and a unique access PIN.
A replay of the webcast will be available two hours after the event and will remain accessible until November 2, 2027. Earnings release and accompanying slides will be available at the Company's Investor Relations website http://ir.yumchina.com.
About Yum China Holdings, Inc.
Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 19,000 restaurants under six brands across over 2,700 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. The Pizza Hut brand in Mainland China is owned by Yum China. In addition, Yum China has also partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit http://ir.yumchina.com.
Thomson Reuters spouští novou generaci CoCounsel Legal s možností přeshraničního právního výzkumu z více než 100 zemí a území v rámci jediného pracovního postupu.
Thomson Reuters launches the next generation of CoCounsel Legal globally, adding cross-border legal research from more than 100 countries and territories in a single workflow.
, /PRNewswire/ -- Thomson Reuters (Nasdaq: TRI) (TSX: TRI), a global content and technology company, is making things simpler for legal professionals working across borders. The pressure to move faster, advise with greater confidence, and navigate requirements that span multiple countries and legal systems, while never compromising the professional standard their work demands, has never been greater.
Thomson Reuters is solving that with the new Multinational Profile, a capability that brings legal content from more than 100 countries and territories into a single CoCounsel Legal workflow. It helps legal teams research cross-border legal and compliance questions without leaving the platform they already trust. The new capability is available in the next generation of CoCounsel Legal, and the upgraded platform will be available to customers in more than 90 countries and territories throughout 2026. Customers in countries including Australia, Canada and the United Kingdom will soon have access to the fully agentic platform built around how legal work happens, grounded in the trusted authority of Westlaw and Practical Law.
These announcements are only possible because of what Thomson Reuters has spent 175 years building: authoritative legal content across jurisdictions, hard-won trust in its Fiduciary-Grade AI™ technology, and an ongoing commitment to serving the legal profession globally. Few companies could bring together legal content spanning so many countries and territories, the professional expertise to make it useful, and the platform scale to deliver it. Thomson Reuters can.
Introducing the CoCounsel Legal Multinational Profile
Until now, researching a cross-border legal question meant leaving CoCounsel Legal to find, evaluate, and reconcile information from multiple sources across jurisdictions, with no guarantee any of them met a professional standard. The new Multinational Profile changes that. It brings cross-border legal research into a single CoCounsel Legal workflow. Legal teams can research legal requirements across countries, compare key differences, identify issues that may require local advice, and trace every finding to its underlying source, all without switching tools or rebuilding context from scratch.
The Multinational Profile draws on Thomson Reuters globally trusted legal content and vetted official legal and regulatory sources, delivering responses that legal professionals can examine, verify, and act on. Legal teams gain a better-informed foundation for cross-border analysis while retaining full visibility into the sources behind answers and the ability to identify where deeper review or local counsel is required.
"Ask any lawyer whose work crosses borders what slows them down and you will hear the same answer: the research tools stop at the border," said David Wong, Chief Product Officer, Thomson Reuters. "They piece together sources from multiple platforms with no guarantee the result meets the professional standard their work demands. The Multinational Profile changes that, and Thomson Reuters has the scale, the content, and the expertise to deliver it. The professional standard now travels with the work, wherever the matter takes it."
Next Generation CoCounsel Legal Goes Global
Legal professionals globally will soon have access to the next generation of CoCounsel Legal, with key capabilities including:
Market-Leading Research: Combines advanced AI with trusted Westlaw and Practical Law content to produce comprehensive legal research reports that surface key authorities, relevant precedents, and actionable insights.
Workspaces: Create matter-specific workspaces that bring together firm documents, legal department materials, precedents, and institutional knowledge. Context is preserved across tasks and matters to support more informed analysis.
Tabular Analysis: Enables attorneys to bulk review documents and ask questions simultaneously. Results are delivered in a dynamic, filterable table with supporting references linked to source materials for validation.
Integrations with the tools lawyers use every day: CoCounsel Legal connects with document management systems and productivity tools, helping professionals access relevant information where work already takes place. Available integrations vary by country.
Not every capability is available in every geography, and availability will continue to expand.
"When we evaluate technology, the question is whether it will genuinely work for our lawyers and stand up to professional scrutiny," said Steve Savage, Partner and CTO & Head of Development at Gosschalks. "The next generation of CoCounsel Legal is a leap forward in both functionality and quality of output, grounded in the authority of Westlaw and Practical Law. Our time in the beta made the difference clear, and it's encouraging to see Thomson Reuters bringing that to firms around the world."
Availability
The next generation of CoCounsel Legal is available now in the United Kingdom, with general availability expected globally in countries including Australia, Brazil, Canada, Singapore, and the United Arab Emirates by the end of October 2026.
The Multinational Profile will become available to customers in the U.S., Europe, UK, Canada and Australia throughout October.
Visit our website for more information on the Multinational Profile.
About Thomson Reuters
Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is the world's leading provider of trusted journalism and news. For more information, visit thomsonreuters.com
Media Contact
David Greenberg
Senior Manager, AI and Innovation Communications
[email protected]
International Paper plánuje vyčlenit své obalové aktivity v regionu EMEA do samostatně obchodované společnosti DS Smith plc, která bude kotována v Londýně a bude mít ADR na NYSE.
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a leader in sustainable packaging solutions, announces that its EMEA Packaging Business leadership team will hold a Capital Markets Day in London on November 3, 2026, 13:00 – 17:00 GMT (8:00 a.m. – 12:00 p.m. ET).
International Paper has made significant progress preparing to separate its EMEA Packaging Business into an independent, publicly traded company (the "Separation"). Once the Separation is complete, the independent company will be known as DS Smith plc.
Tim Nicholls and Vincent Bonnot, the future Chief Executive Officer and future Chief Financial Officer of DS Smith plc, respectively, will host the Capital Markets Day, alongside other senior leaders from across the EMEA business. The team will discuss the planned public company and its position as an enhanced pure-play packaging leader within the European market. The team will also provide details about the business model, growth strategy, and financial outlook post Separation.
The event will be available via webcast, and a recording will be provided on DS Smith's website upon event completion.
To register for the webcast please visit: https://stream.brrmedia.co.uk/broadcast/6aa9548bba91570013153fcd
If you wish to attend in person, please contact [email protected].
Separation Update
DS Smith plc is expected to be separated by way of a spin off, through the listing of the business on the London Stock Exchange with a Level II ADR program to be listed on the New York Stock Exchange.
The Separation remains subject to the satisfaction of customary conditions, including final approval by the International Paper Board of Directors as well as the filing and effectiveness of a registration statement with the U.S. Securities and Exchange Commission (the "SEC") and the publication of a prospectus approved by the U.K. Financial Conduct Authority (the "FCA"). No assurance can be provided regarding the ultimate timing or structure of the proposed Separation or its eventual completion.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "expects," "anticipates," "believes," "estimates," "could," "should," "can," "forecast," "outlook," "intend," "look," "may," "will," "remain," "confident," "commit" and "plan" or similar expressions. These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risks that this planned Separation of the Company's North America and EMEA operations into two independent public companies will not happen on a timely basis or at all, the Company's ability to achieve the desired outcome and realize the anticipated benefits from the Separation and the potential uncertainty and disruption during the pendency of the Separation. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission on February 27, 2026, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations.
PancakeSwap wants to give liquidity providers a much bigger slice of the pie. A new discussion-stage proposal would send 88% of trading fees from its v3 and Infinity pools directly to the people supplying the liquidity.
The rest would flow to the protocol treasury. Meanwhile, the CAKE emissions picture is getting leaner too, with the plan framed around a roughly 69% total cut to emissions.
What the proposal actually changes
PancakeSwap’s newer pool designs, v3 and Infinity, use concentrated liquidity. That means LPs can park their capital in specific price ranges instead of spreading it thin across every possible price.
Under the plan, 88% of the fees those pools generate would go to LPs. The remaining share would be directed to the treasury rather than elsewhere in the system.
The older v2 pools are left alone. Their existing fee structure, which includes a mechanism that buys back CAKE and burns it, stays intact.
The emissions side ties back to earlier changes. Tokenomics 3.0, introduced in April 2025, reduced daily CAKE emissions by roughly 44%, from about 40,000 tokens to around 22,500. Factoring in the latest proposal, the cumulative reduction comes to roughly 69%.
It is worth stressing that this is still at the discussion stage. Nothing has been voted through yet.
The deflation scoreboard so far
As of October 2026, the protocol reports a net CAKE supply reduction of roughly 15-16%. Supply has fallen from about 392 million tokens in September 2023 to around 330 million.
The protocol has recorded 37 consecutive months of net burns since September 2023, meaning more CAKE has been destroyed than created every single month in that stretch.
Weekly data from mid-October 2026 points the same direction, with approximately 529,000 CAKE burned in a recent period against lower emissions.
The broader framework behind all this goes by the name “The Kitchen.” Tokenomics 3.0 set a target of around 4% yearly deflation, funded by buybacks drawn from protocol revenue.
On the product side, Infinity has become a serious volume engine. Its pools have logged cumulative trading volume of more than $150 billion.
On some chains, Infinity already hands LPs up to 90% of fees. Robinhood Chain is one example. So the 88% figure for v3 and Infinity is less a radical leap and more a move toward standardizing a generous split across the board.
Background: from farm token to fee machine
PancakeSwap is one of the largest decentralized exchanges operating mainly on BNB Chain. For years, the main lever protocols pulled to attract LPs was token emissions. PancakeSwap’s recent tokenomics overhauls have been an attempt to replace that subsidy with real trading fees.
What this means for LPs, CAKE holders and the treasury
For CAKE holders, cutting emissions reduces new supply hitting the market, which supports the deflationary narrative. Keeping the v2 burn intact preserves at least one direct link between trading activity and token destruction.
Sending the non-LP share of v3 and Infinity fees to the treasury, rather than into buybacks, is a choice worth watching. A treasury can fund development, partnerships, or future burns, but holders will want clarity on how those funds get used.
Lower emissions mean fewer token rewards for LPs, so the higher fee share partly compensates for that lost income. Whether the trade is a net gain for LPs depends heavily on how much volume the pools keep generating.
The key things to watch are the governance discussion itself, any changes to the 88% figure as the community weighs in, and whether a formal vote follows. After that, the real test is whether LP deposits and trading volume in v3 and Infinity pools respond to the new split.
The 37-month net burn streak is the other number to keep an eye on. With v2 still handling the burn, a meaningful shift of volume toward v3 and Infinity could change how quickly CAKE supply shrinks from here.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Proti společnosti Celsius Holdings (CELH) byla podána hromadná žaloba kvůli údajným zavádějícím tvrzením o zdravotních rizicích nápojů Alani Nu a jejich propagaci mezi nezletilými.
, /PRNewswire/ -- Schall, Brown & Schwartz LLP ("SBS"), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Celsius Holdings, Inc. ("Celsius" or "the Company") (NASDAQ: CELH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Shareholders who purchased shares of CELH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: February 21, 2025 to June 3, 2026
DEADLINE: November 3, 2026
If you are a shareholder who suffered a loss, click here to participate.
CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Celius failed inform consumers about the potential health risks of its Alani Nu drinks. The Company marketed Alani Nu drinks to consumers under the age of 18 who were susceptible to these health risks. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Celsius, investors suffered damages.
We also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Join the case to recover your losses
WHY SBS? Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
Schall, Brown & Schwartz LLP
Brian Schall, Esq.,
Andrew Brown, Esq.,
David Schwartz, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
National Fuel Gas Company plánuje ve druhé polovině roku 2027 vyčlenit plynárenský segment IUG do samostatné veřejně obchodované společnosti formou daňově neutrálního odštěpení.
National Fuel’s Integrated Upstream and Gathering business (“IUG”) will become an independent public company focused solely on its highly integrated, Appalachian upstream and gathering natural gas assets.Post-separation, National Fuel will be a 100% rate-regulated natural gas company with utility as well as interstate pipeline and storage assets across Ohio, New York, and Pennsylvania.The separation is expected to be completed in the second half of 2027 and effected through a tax-free distribution of at least 80.1% of IUG shares to National Fuel shareholders.The Company will host a conference call to discuss the planned separation on October 14, 2026 at 9:00 a.m. ET. WILLIAMSVILLE, N.Y., Oct. 14, 2026 (GLOBE NEWSWIRE) -- National Fuel Gas Company (NYSE: NFG) (“National Fuel” or the “Company”) today announced its Board of Directors approved a plan to separate the Company into two independent, publicly traded companies through a tax-free spin-off of the Company’s Integrated Upstream and Gathering business. Upon completion of the transaction, National Fuel shareholders will own shares in both National Fuel and IUG.
As independent, focused entities, each publicly traded company will have significant scale and a strong financial profile, positioning each to deliver long-term growth and sustainable value creation for investors, customers, and employees. The stand-alone businesses are expected to benefit from:
Greater capital allocation flexibility to pursue each company’s distinct growth opportunities and shareholder return priorities, supported by highly experienced leadership teams, strong balance sheets, and more tailored capital structures.Preserving the key benefits of integration that each business realizes today, including the capital efficiencies provided by IUG’s integrated upstream and gathering operations, and critical operating synergies that support customer affordability and commercial benefits across National Fuel’s regulated businesses.Clearer, more compelling equity stories that increase visibility among investors and research analysts and align each public company with its natural investor base. “Our integrated business model has provided us significant benefits for many years, including the financial capacity and cash flow generation to support transformative acquisitions and strategic investments across the Company. Following the recent closing of our Ohio gas utility acquisition, each business is now a scaled platform, and post-separation, is expected to have the financial strength to best capitalize on the long-term growth opportunities as independent companies,” said David P. Bauer, President and Chief Executive Officer of National Fuel.
“After a thorough review, we believe now is the right time to take the next step in National Fuel’s evolution, with the tax-free separation of IUG positioning the two standalone businesses to build on their strong foundations and pursue the significant opportunities we see across the natural gas value chain.”
National Fuel: 100% regulated natural gas platform, with highly strategic, growing integrated utility and interstate pipeline and storage assets in constructive regulatory jurisdictions
Post-separation, National Fuel will be a fully regulated natural gas business with nearly $5 billion of rate base. National Fuel’s natural gas utilities serve 1.1 million customers across Ohio, New York and Pennsylvania, and its FERC-regulated pipeline and storage business will provide nearly 5 Bcf per day of contracted natural gas transportation capacity and 77 Bcf of fully contracted natural gas storage services.
Today, National Fuel operates across constructive regulatory jurisdictions, with significant long-term investment opportunities that are underpinned by ongoing infrastructure modernization programs in each jurisdiction. Additionally, increased natural gas demand, including data center and power generation needs within our operating footprint, is accelerating the need for new pipeline and storage infrastructure. Together, the importance of continually investing in safety and reliability, along with meeting increasing regional demand for natural gas, is driving a strong outlook for growth across these businesses.
National Fuel will continue to benefit from maintaining key operating synergies across its utility and FERC-regulated businesses. From a financial perspective, this business is expected to maintain a strong balance sheet, targeting investment grade credit metrics expected to be in line with some of the strongest in the utility sector, with no expected need to raise incremental equity capital over the next five years based on current capital plans. This will provide the company with significant financial flexibility to execute on its long-term growth opportunities. In addition, National Fuel plans to maintain a capital return policy consistent with utility peers.
The existing management teams at both the Utility and Pipeline and Storage businesses are also expected to remain in place, including David P. Bauer as President and Chief Executive Officer, and Timothy J. Silverstein as Treasurer and Chief Financial Officer. This provides National Fuel with the continuity of a highly experienced senior leadership team that has a proven track record of operating safely, maintaining strong regulatory relationships, and executing on its financial plans, all while maintaining customer rates among the lowest in its operating jurisdictions.
Taken together, these attributes are expected to provide National Fuel investors with a compelling risk-adjusted return proposition, underpinned by attractive, predictable growth, and stable cash flows which support a strong financial foundation.
Integrated Upstream and Gathering: A premier, integrated Appalachian natural gas business with high-quality assets, and top-tier inventory depth and capital efficiency trends
Post-separation, IUG will be a leading integrated, low-cost upstream natural gas business, with approximately 1.2 million total net acres in Appalachia and approximately 1.1 Bcf per day of net natural gas production. IUG's wholly owned gathering assets transport the vast majority of its production, creating a durable competitive advantage through lower costs, greater operating control, and enhanced capital efficiency. With approximately 5 Tcf of proved natural gas reserves, and more than 25 years of development inventory at very low breakeven prices, IUG is well positioned to build upon its top-tier capital efficiency trends and create long-term value through disciplined capital allocation.
Since transitioning its development program to its Eastern Development Area in 2023, IUG has delivered capital efficiency improvements of approximately 25%, enabling IUG to generate increased production and free cash flow per dollar invested. Combined with its integrated gathering platform and portfolio of firm transportation capacity that provides access to premium markets, IUG is expected to maintain a highly-competitive cash operating cost structure with market access advantages that support high cash margins and long-term value creation.
As an independent entity, IUG is expected to have a strong balance sheet, providing the flexibility to optimize capital allocation, efficiently develop its premier drilling inventory, and pursue targeted growth opportunities. IUG will continue to be led by its current team, including Seneca Resources and NFG Midstream President, Justin I. Loweth, who will become Chief Executive Officer of the new company. Maintaining the continuity of the experienced IUG leadership team will further enhance the company’s ability to deliver on its history of operational excellence. The combination of a more focused business model, an experienced management team, and a high-quality resource base positions IUG to execute its strategy from day one as an independent company.
Transaction Details
National Fuel intends to separate IUG through a pro rata distribution of shares of IUG to National Fuel shareholders in a manner that is intended to be tax-free for National Fuel and its shareholders for U.S. federal income tax purposes. National Fuel expects to retain an ownership stake of up to 19.9% in IUG after the completion of the spin-off, which it intends to dispose of in a tax-efficient manner to further strengthen its investment grade balance sheet.
National Fuel expects to complete the separation during the second half of calendar year 2027, subject to customary conditions, including the filing and effectiveness of applicable filings (including a Form 10 registration statement) with the Securities and Exchange Commission, the completion of financing arrangements, and final approval by National Fuel’s Board of Directors.
The Company intends to provide formal guidance for fiscal 2027 in connection with its fourth quarter earnings release in November 2026. IUG will continue to be included in National Fuel’s consolidated financial results until the separation is completed.
Advisors
Goldman Sachs & Co. LLC is serving as financial advisor, and Veriten LLC served as independent strategic advisor. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel.
Conference Call Details
A conference call to discuss the separation will be held on Wednesday, October 14, 2026, at 9:00 a.m. ET. All participants must pre-register to join this conference using the Participant Registration link.
A webcast link to the conference will be provided under the Events Calendar on the NFG Investor Relations website at investor.nationalfuelgas.com.
A replay will be available following the call through the end of the day, Wednesday, October 21, 2026. To access the replay, dial 1-833-309-1852 and provide Access Code 661718761.
An investor presentation regarding the planned separation has been posted on the NFG Investor Relations website at investor.nationalfuelgas.com.
About National Fuel Gas Company
National Fuel is a diversified energy company headquartered in Western New York that currently operates an integrated collection of natural gas assets across three operating segments: Integrated Upstream and Gathering, Pipeline and Storage, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.
Cautionary Statements
Certain statements contained herein, including statements identified by the use of the words “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “guidance,” “intends,” “may,” “might,” “outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “targets,” “will,” “would”, and variations of such words and similar future or conditional expressions, and statements which are other than statements of historical facts, are intended to identify “forward-looking statements” as defined under U.S. federal securities laws, including, but not limited to, statements, estimates, and projections relating to the potential separation of the Company into two companies (the “Separation”), including the timing and structure of the Separation, the characteristics of the separated businesses, and the expected benefits of the Separation, future operating and financial performance and long-term strategy, and the assumptions underlying such expected benefits, targets, strategies, and statements. These forward-looking statements are based on management’s beliefs, expectations, estimates, and projections at the time they are made and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company’s expectations, beliefs, and projections contained herein are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that such expectations, beliefs, or projections will result or be achieved or accomplished. There can be no guarantees with respect to whether the Separation will be completed. In addition to other factors, the following are among the important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: the ability to effect the Separation and to meet the conditions related thereto; the ability to obtain any consents or approvals required to complete the Separation; the ability of the separated companies to each succeed as standalone publicly traded companies; negative effects of the announcement or pendency of the Separation on the market price of the Company’s securities and/or on the Company’s financial performance; the possibility that the Separation will not achieve its intended benefits; the possibility of disruption, including disputes, litigation, or unanticipated costs in connection with the Separation; the impact of the Separation on the Company’s businesses and the risk that the Separation may be more difficult, time-consuming, or costly than expected, including the impact on the Company’s resources, systems, procedures, and controls, diversion of management’s attention, and the impact and possible disruption of existing relationships with regulators, customers, suppliers, employees, and other business counterparties; the ability to achieve anticipated capital structures in connection with the Separation; the ability to achieve anticipated credit ratings in connection with the Separation; the ability to achieve anticipated tax treatments in connection with the Separation and future, if any, divestitures, mergers, acquisitions, and other portfolio changes, and the impact of changes in relevant tax and other laws and regulations; changes in laws, regulations, or judicial interpretations to which the Company is subject, including those involving derivatives, taxes, safety, employment, climate change, other environmental matters, real property, and exploration and production activities such as hydraulic fracturing; governmental/regulatory actions, initiatives, and proceedings, including those involving rate cases (which address, among other things, target rates of return, rate design, retained natural gas, and system modernization), environmental/safety requirements, affiliate relationships, industry structure, and franchise renewal; changes in economic conditions, including the imposition of additional tariffs on U.S. imports and related retaliatory tariffs, inflationary pressures, supply chain issues, liquidity challenges, and global, national, or regional recessions, and their effect on the demand for, and customers’ ability to pay for, the Company’s products and services; the Company’s ability to complete strategic transactions, and to recognize the anticipated benefits of such transactions; governmental/regulatory actions and/or market pressures to reduce or eliminate reliance on natural gas; the Company’s ability to estimate accurately the time and resources necessary to meet emissions targets; changes in the price of natural gas; impairments under the SEC’s full cost ceiling test for natural gas reserves; the creditworthiness or performance of the Company’s key suppliers, customers, and counterparties; financial and economic conditions, including the availability of credit, and occurrences affecting the Company’s ability to obtain financing on acceptable terms for working capital, capital expenditures, other investments, and acquisitions, including any downgrades in the Company’s credit ratings and changes in interest rates and other capital market conditions; negotiations with the collective bargaining units representing the Company’s workforce, including potential work stoppages during negotiations; changes in price differentials between similar quantities of natural gas sold at different geographic locations, and the effect of such changes on commodity production, revenues, and demand for pipeline transportation capacity to or from such locations; the impact of information technology disruptions, cybersecurity, or data security breaches, including the impact of issues that may arise from the use of artificial intelligence technologies; factors affecting the Company’s ability to successfully identify, drill for, and produce economically viable natural gas reserves, including, among others, geology, lease availability and costs, title disputes, weather conditions, water availability and disposal or recycling opportunities of used water, shortages, delays, or unavailability of equipment and services required in drilling operations, insufficient gathering, processing, and transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations; increased costs, delays, or changes in plans with respect to Company projects or related projects of other companies, as well as difficulties or delays in obtaining necessary governmental approvals, permits or orders or in obtaining the cooperation of interconnecting facility operators; increasing health care costs and the resulting effect on health insurance premiums and on the obligation to provide other post-retirement benefits; other changes in price differentials between similar quantities of natural gas having different quality, heating value, hydrocarbon mix or delivery date; the cost and effects of legal and administrative claims against the Company or activist shareholder campaigns to effect changes at the Company; uncertainty of natural gas reserve estimates; significant differences between the Company’s projected and actual production levels for natural gas; changes in demographic patterns and weather conditions, including those related to climate change; changes in the availability, price, or accounting treatment of derivative financial instruments; changes in laws, actuarial assumptions, the interest rate environment, and the return on plan/trust assets related to the Company’s pension and other post-retirement benefits, which can affect future funding obligations and costs and plan liabilities; economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities, or acts of war, as well as economic and operational disruptions due to third-party outages; significant differences between the Company’s projected and actual capital expenditures and operating expenses; increasing costs of insurance, changes in coverage, and the ability to obtain insurance; other factors described in the risk factors set forth in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 10-K and subsequent Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation, and disclaims any duty, to update, revise, or withdraw any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law or regulation.
Media Contact: Karen Merkel | 716-857-7654
Analyst Contact: Ryan Vossler | 716-857-7158
Sungrow integroval moduly EliteSiC od společnosti onsemi do systému PowerTitan 3.0, čímž zvýšil účinnost střídače o 0,4 %. Špičková účinnost přesahuje 99,3 %.
“PowerTitan 3.0 represents Sungrow’s continued innovation in advanced energy storage system design,”
As AI-driven electricity demand accelerates worldwide, utilities and energy providers are under growing pressure to store and deliver energy more efficiently. Battery energy storage system (BESS) providers are seeking advanced power conversion technologies to improve performance and system economics. To address these needs, Sungrow has adopted onsemi’s latest SiC hybrid power module technology for its PowerTitan 3.0 energy storage platform. The design improves system efficiency, helping utilities and energy providers increase usable energy output while lowering operating costs.
News Highlights
onsemi’s EliteSiC hybrid power module enables the highest-density battery energy storage system deployments, helping energy providers meet growing electricity demand from AI, renewable energy and electrificationNew BESS architecture improves inverter-level efficiency by 0.4%, helping maximize energy delivered to the grid while reducing losses and improving reliabilitySungrow’s PowerTitan 3.0 energy storage platform integrates onsemi’s latest EliteSiC hybrid power module technology, optimized for high-power DC-AC energy conversion in utility-scale battery storage applications SCOTTSDALE, Ariz., Oct. 14, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) today announced that Sungrow, a global leader in renewable energy technology, has adopted onsemi’s latest EliteSiC silicon carbide (SiC) hybrid power module technology for the Sungrow PowerTitan 3.0 energy storage platform. The integration enables improved efficiency and enhanced system performance for utility-scale battery energy storage systems (BESS).
Helping Sungrow Deliver More Usable Energy
The PowerTitan 3.0 platform incorporates onsemi’s high-density power integrated modules (PIMs), optimized for advanced three-level inverter architectures used in high-power energy storage applications.
Compared with the previous-generation platform, the new architecture improves inverter-level efficiency by 0.4%, enabling higher-power battery storage deployments without sacrificing efficiency. The architecture supports power conversion units rated up to 450 kW, contributing to the platform’s increased power density and higher-power deployment capability.
With the performance advantages of SiC, the solution supports key system-level benefits including:
Peak efficiency exceeding 99.3% to reduce energy loss in utility-scale systemsIncreased power density supports higher-power BESS deploymentsEnhanced thermal performance supports reliable operation in high-power applicationsImproved system economics through a hybrid SiC design optimized for large-scale deployment The design win builds on a long-standing strategic relationship between onsemi and Sungrow. Through extensive engineering and validation activities, the companies collaborated throughout platform definition, system optimization and qualification to meet the demanding performance requirements of next-generation energy storage deployments.
“PowerTitan 3.0 represents Sungrow’s continued innovation in advanced energy storage system design,” said Chen Peng, General Manager of Energy Storage Conversion Product Line at Sungrow Energy Storage Business Unit. “By integrating advanced technologies and collaborating with strategic partners such as onsemi, Sungrow is accelerating the deployment of higher-performance storage solutions that deliver greater value throughout the lifecycle of energy assets. With growing market recognition, Sungrow estimates delivering 10 GWh of PowerTitan 3.0 across Europe in 2026, further supporting the region’s transition toward a more flexible and resilient energy system.”
“At utility scale, even small improvements in power conversion efficiency can have a meaningful impact on battery energy storage system (BESS) performance and total cost of ownership,” said Sergio Fissore, Vice President and General Manager, IPD Power Division, onsemi. “Our EliteSiC hybrid power module enables higher-efficiency, higher-density energy storage systems that help maximize usable energy and improve system reliability. Together with Sungrow, we're advancing the power conversion technologies needed to support the next generation of energy infrastructure.”
Why Fractions of a Percent Matter
At utility scale, even small efficiency improvements can generate meaningful financial and environmental benefits. According to onsemi analysis, a 0.4% efficiency improvement delivered by the new SiC hybrid module could save more than 475 MWh of energy annually in a 100 MW battery energy storage installation compared with the previous-generation module.
Those energy savings can help reduce operating costs, increase usable energy delivered to customers and lower overall emissions. The architecture also enables higher overload capability and improved thermal performance, helping customers extract more usable energy from every storage asset.
Supporting the Infrastructure Behind the AI Era
Utilities and energy providers are seeking ways to store more energy, reduce conversion losses and improve overall system economics to meet unprecedented demand amid the AI infrastructure buildout and electrification transition.
Industry forecasts project the battery energy storage market will more than double by 2030 as utilities invest in infrastructure needed to support increasing electricity demand and renewable energy deployment. At the same time, energy storage providers are moving toward higher-power, higher-voltage architectures to improve system economics.
Additional Information
High-Density Si/SiC Hybrid Power Integrated Module (PIM) Product PageSi/SiC Hybrid PIM Product PortfolioEnergy Storage System SolutionsEliteSiC Technology PageEliteSiC M3e Product PageInsulated Gate Bipolar Transistors (IGBTs) Products Page About onsemi
onsemi (Nasdaq: ON) delivers intelligent power and sensing technologies that enable electrification, energy efficiency, safety, and automation across automotive, industrial, and AI data center end-markets. With a highly differentiated and innovative product portfolio, onsemi helps customers solve complex challenges to achieve higher efficiency, improved performance, and lower system cost, while supporting a safer, cleaner, and more energy‑efficient world. The company is part of the S&P 500® index. Learn more at www.onsemi.com.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the Company references its website in this news release, information on the website is not to be incorporated herein.
Contact:
onsemi
Michael Mullaney
[email protected]
+1 838-289-7314
Binance 19. října 2026 v přibližně 01:00 UTC pozastaví vklady a výběry na síti IoTeX (IOTX) v souvislosti s upgradem a hard forkem. Obchodování nebude ovlivněno.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-10-19 01:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the IoTeX (IOTX) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 53,533,081, or approximately at 2026-10-19 02:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-10-14
BlackRock ve třetím čtvrtletí přilákal 205 mld. USD nového kapitálu, čímž překonal očekávání ve výši 171,9 mld. USD; upravený zisk na akcii vzrostl o 38 % na 15,93 USD.
Výsledková sezona je už v plném proudu, přičemž dnes přišel na řadu největší světový správce aktiv BlackRock. A podobně jako včera hlavní americké banky překonal v ziskovosti a tržbách za třetí čtvrtletí očekávání Wall Street.
Upravený zisk na akcii vzrostl ve třetím kvartálu oproti loňsku o 38 procent na 15,93 dolaru, což bylo výrazně nad odhadem analytiků ve výši 14,12 dolaru. Nad očekávání dopadly také tržby, jež stouply meziročně o 19 procent na 7,75 mld. USD při konsenzu 7,52 mld. USD.
Společnost také překvapila tím, že přilákala nový kapitál v objemu 205 miliard dolarů, zatímco trh čekal „jen“ 171,9 mld. USD. Celkový objem spravovaných aktiv pak dosáhl rekordních 15,49 bilionu dolarů, a ačkoliv se jedná meziročně o 15procentní růst, tak očekávání zde byla ještě trochu výše (15,67 bil. USD).
Do burzovně obchodovaných fondů (ETF) evidoval BlackRock ve třetím čtvrtletí čistý příliv 135 miliard dolarů, dalších 66 mld. USD do aktivně spravovaných fondů.
„Poptávka po kapitálu v globální ekonomice roste a BlackRock se stále více stává centrem, prostřednictvím kterého je tento kapitál alokován a spravován,“ uvedl generální ředitel Larry Fink.
Fondy peněžního trhu a hotovostní produkty zaznamenaly čistý příliv 31 mld. USD. Dlouhodobé investiční fondy přilákaly 175 mld. USD, což bylo více než analytiky očekávaných 159 mld. USD.
Společnost v červenci 2025 dokončila akvizici specialisty na alternativní úvěry HPS Investment Partners za 12 miliard dolarů. Šlo o jeden z kroků významné expanze investičního giganta, který před rokem zahájil rozsáhlou transformaci, v jejímž rámci se snaží dohnat lídry na trhu soukromých aktiv, která generují vyšší poplatky. Nejnovější čtvrtletní výsledky jsou tak první, které srovnávací údaje z předchozího roku obsahující výkonnost HPS už zahrnují.
BlackRock se snaží vymanit z kategorie tradičních správců aktiv tím, že zdůrazňuje svůj růst v oblasti soukromých trhů, řízení rizik a technologických analytických nástrojů, které prodává finančním institucím, píše agentura Bloomberg. Přesto investoři dosud zůstávali vůči akciím společnosti relativně zdrženliví - od začátku roku akcie oslabily téměř o dvě procenta, v reakci na výsledky v premarketu ale vykazují růst přibližně o 3,5 procenta.
Skupina M2C zveřejnila v rámci Start Day aktualizovaný celoroční výhled. Společnost letos očekává meziroční růst nekonsolidovaných provozních výnosů o 37,4 % na 6,98 mld. Kč. K tomuto růstu by měly přispět plánované akvizice a provozní výkonnost. Provozní zisk EBITDA by měl dosáhnout 140 mil. Kč, což je blízko horní hrany výhledu, který společnost poskytla na jarním Start Day.
Výhled Společnost očekává v celém roce nekonsolidované provozní výnosy ve výši 6,98 mld. Kč. Jednalo by se tak o meziroční růst o 37,4 % vůči 5,08 mld. Kč v roce 2025. Výhled zahrnuje akvizice a jeho předpokladem je dokončení rozjednaných akvizic do konce roku. Podle managementu je zhruba 300 až 400 mil. Kč z plánovaného obratu závislých na dosud neobjednaných vícepracích, jejichž objem ani načasování společnost přímo neovlivňuje. Tuto část predikce proto označila za odhad, nikoli závazek. Generální ředitel Matěj Bárta na konferenčním hovoru komentoval, že na rozdíl od ostatních společností je těžké pro M2C predikovat odběry vzhledem k odvětví ve kterém společnost působí.
V rámci jarního Start Day společnost pro letošek očekávala konsolidované tržby v rozmezí 4,7 až 5,0 mld. Kč. Aktuální výhled se však týká nekonsolidovaných provozních výnosů, a není proto s jarním výhledem přímo srovnatelný.
Očekávaný přírůstek provozních výnosů podle zemí, zdroj: M2C
Předpokládaný provozní zisk EBITDA by měl dosáhnout 140 mil. Kč, což je blízko horní hrany výhledu, který společnost komentovala v rámci jarního Start Day v intervalu 123 až 143 mil. Kč.
Celou prezentaci společnosti z podzimního Start Day naleznete pod odkazem zde.
Akcie M2C Akcie společnosti M2C (BAAMACIN) se na pražské burze obchodují za 135 Kč. Na RM-SYSTÉMu se akcie obchodují za 136 Kč.
Render Network a Solana 16. listopadu na konferenci Breakpoint 2026 v Londýně představí výstavu 15 umělců s původními 3D díly vytvořenými prostřednictvím decentralizované GPU infrastruktury Render Network.
Render Network and Solana are set to highlight decentralized rendering technology at an immersive digital art exhibition in London during Breakpoint 2026. The event, called BEYOND THE FRAME, is scheduled for November 16 and will feature 15 artists displaying original 3D works powered by the Render Network. This initiative comes as market participants watch RENDER’s price rebound from recent lows.
Immersive Digital Art Event Scheduled for Breakpoint 2026BEYOND THE FRAME will take place at FRAMELESS London, coinciding with Solana’s Breakpoint 2026 conference. Organizers plan for the event to run from 7:30 PM to 10 PM, inviting participants to experience 3D art specifically created for the venue’s immersive rooms.
All artwork will be rendered using the decentralized GPU infrastructure of the Render Network, which connects artists and creators with distributed computing resources. Attendance at the event is complimentary, though capacity is limited due to venue constraints.
The collaboration between Solana, a high-throughput blockchain designed for decentralized applications, and Render Network marks a notable merger of creative and technical communities, bringing additional attention to both ecosystems.
Render Network says the show aims to reveal how its distributed computing platform can deliver visually striking experiences in real time. However, the announcement does not mention any direct uptick in network revenue or user count as a result of this event, leaving the broader impact on adoption yet to be determined.
Decentralized Rendering Expands RENDER’s Use CaseRender Network is a decentralized protocol that allows creators to access global GPU computing power for graphics-intensive workloads. The platform’s model enables 3D rendering, animation, and visual effects to be processed outside of traditional centralized data centers.
By supporting exhibitions like BEYOND THE FRAME, Render Network highlights its practical use cases beyond cryptocurrency speculation. The event is expected to attract digital creators and stakeholders from both the art and blockchain sectors, although its long-term effects will depend on follow-up demand for decentralized rendering solutions.
Key indicators for the platform include overall network usage, the amount of rendering completed, and aggregate demand for GPU resources. While the upcoming exhibition serves as a public demonstration of the technology, no guarantees on sustained ecosystem growth can be drawn from a single event.
Mini dictionary: Render Network, a decentralized GPU computing platform, lets users tap into a distributed network of providers for rendering tasks such as 3D graphics, visual effects, and augmented reality, reducing reliance on centralized infrastructure and increasing accessibility for creators.
Analyst Sees Key Technical Levels for RENDERRENDER recently fell to an intraday low of $1.76 before recovering to the $2 range. Technical analysis by Bitcoin Meraklisi, a crypto analyst, points to $2.43 as the immediate resistance level. If RENDER can surpass this price, the recovery could accelerate.
Additional price targets identified are $4.16, $6.56, and $11.58, with each level contingent on sustained buying pressure and positive market conditions. Regarding vulnerabilities, a decline below $1.76 would threaten the current bullish structure, making it a crucial support to monitor.
Bitcoin Meraklisi considers the recent uptrend as a possible end to RENDER’s accumulation phase and expects a stronger breakout if the coin surpasses technical resistance. The possibility of testing higher levels depends not only on chart dynamics but also on broader crypto sentiment and network activity.
Traders are closely watching the $2.43 resistance, while an increase in rendering activity across the ecosystem would provide additional market support.
As of now, achieving the outlined technical goals will require further positive momentum, both on the price chart and through adoption of the Render Network’s core technology.
Price LevelSignificance$1.76Key support (recent low)$2.43Immediate resistance$4.16Next upside target$6.56Intermediate bullish target$11.58Major long-term goalThe BEYOND THE FRAME exhibition provides a platform for Render Network to demonstrate practical benefits, while traders continue to evaluate technical price action and project milestones for signs of continued strength.
USDCAD has been one of the cleaner charts for me lately. The pair has pushed back to its 2026 highs, and that move tells me something important.
The recovery from the August 26 low that I've been tracking for a few weeks now looks impulsive rather than corrective. Impulses are five-wave patterns, and when I count this rise, I still can't see all five waves. That suggests the move isn't complete yet.
The pair is trading around 1.4211, right at the 1.4200-1.4125 support zone. If the current dip is just a retracement within the uptrend, this is where I'd expect buyers to step back in for a potential new rebound.
The key level for me is 1.4000. As long as USDCAD stays above it, I think the structure favors another leg higher once the pullback is complete. A drop below 1.4000 would make me rethink the count.
I know pullbacks can feel uncomfortable when you're expecting higher prices, but they are a normal part of a developing impulse. Markets rarely move in a straight line, and these pauses often give the trend the energy it needs for the next push.
Also keep in mind that US CPI is out today, October 14, at 14:30 CEST. The release could easily push the pair through the support zone or bounce it straight off it, so I'd expect volatility either way.
What I like about this setup is that it gives me clear reference points. The support zone tells me where a pullback could end, and the 1.4000 level tells me when I would be wrong. For me, that kind of clarity is often more valuable than trying to predict every small swing.
Key levels:
Current price: ~1.4211.Pullback support zone: 1.4200-1.4125.Key bullish level: 1.4000.Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
Gold Price Outlook: Gold's Longer-Term Buyers and Short-Term Traders Are Pulling Apart BofA's gold forecast allows for a weaker finish to 2026 before a 2027 recovery, while HSBC's demand case faces competition from yields and the Dollar. Bank of America expects gold's recovery to lose some momentum later in 2027, with $5,000 an ounce marking the strongest part of its quarterly forecasts.
Its projections put bullion at $4,000 in the fourth quarter of 2026 and $5,000 in the second and third quarters of 2027, before a 10% retreat in the final quarter.
At the time of writing, spot gold traded near $4,166 an ounce, down 0.12% on Tuesday, after losing 6.64% during September.
HSBC sees demand support despite higher yields HSBC Asset Management retains a positive bias towards gold over an investment horizon exceeding 12 months.
Its October assessment says: "The gold price has been resilient, supported by central-bank demand, investment inflows, and macroeconomic uncertainty. Momentum remains constructive despite intermittent volatility and shifting rate expectations. Geopolitical risks and reserve diversification should support prices, but elevated yields and a stronger US dollar remain risks".
Gold pays no interest, so higher bond returns raise the income investors forgo by holding it.
The US Treasury's 10-year yield stood at 5.24% on 9 October, illustrating the competition bullion still faces.
Goldman's trading desk noted on 9 October: "Even with US real rates at multi-decade highs, gold has held above $4,100/oz, reinforcing its appeal as a hedge against geopolitical risk and rising fiscal strain."
HSBC also expects the US currency to remain supported initially: "Near-term, the dollar is expected to be supported by the resilient US economy, Fed tightening, favourable rate differentials, and heightened geopolitical risk and safe-haven demand. On longer-term valuation measures, the dollar still looks expensive. Structural diversification away from the dollar remains a long-term theme".
A dearer Dollar makes bullion more expensive for buyers using other currencies, even when they want protection from geopolitical or fiscal risks.
Image: Gold price in USD 48-hour chart. Goldman's desk sees room for investors to rebuild exposure Goldman Sachs's desk also sees potential for renewed buying: investors following systematic strategies have already cut their exposure sharply.
Its latest US Equities Weekly Rundown says: "Gold showed resilience, rising 1.3% WoW as the FOMC rate-path outlook looks more stable and the UST market found modest relief following the 10-year and 30-year auctions. Despite a challenging macro backdrop, sustained central-bank buying and persistent ETF inflows continued to underpin prices".
Gold has weakened since the report's 9 October cutoff.
The World Gold Council's September review shows how uneven investor demand has been: "Yet September was unusual: despite the price decline, global gold ETFs recorded US$10bn (67t) of inflows across regions."
Futures selling can outweigh those purchases over shorter periods, the divergence examined in our recent UBS gold outlook.
Goldman's desk writes: "Investor positioning has reset meaningfully: systematic strategies are very short, at the 0th percentile on a 1yr lookback per GS' models, while CFTC managed-money net length has normalized to average levels".
The distinction between deeply bearish systematic strategies and average managed-money exposure leaves room for some investors to return without assuming the whole market is underinvested.
Price gains could prompt bearish traders to buy back positions.
Goldman's desk makes that prospect conditional: "This should create a favorable setup if recent momentum persists."
Gold price predictions FAQ What is Bank of America's gold forecast?
BofA projects $4,000 an ounce for Q4 2026 and $5,000 for Q2 and Q3 2027, followed by a 10% decline in its Q4 projection.
Why does HSBC remain positive on gold?
HSBC cites central-bank demand, investment inflows, geopolitical risks and reserve diversification, while warning that high yields and a stronger Dollar can weigh on prices.
What does Goldman's gold positioning analysis show?
Its desk says systematic strategies are at the bottom of their one-year positioning range. A sustained price rebound could encourage renewed buying.
