Real-time pulse of financial headlines curated from 2 premium feeds.
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2025-10-29 06:10
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2025-10-29 00:08
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Cardano (ADA) Could Make Many Investors Wealthy — Here's Why | cryptonews |
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Crypto analyst OxManuel has voiced strong confidence in Cardano's (ADA) long-term growth, claiming that the project could create substantial wealth for early investors. In his view, Cardano's fundamentals and current market positioning set it up for an explosive price cycle that could transform the financial future of its holders.
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2025-10-29 06:10
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2025-10-29 00:15
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Bitcoin price prediction: Why BTC is falling ahead of Fed decision | cryptonews |
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Bitcoin price remained under pressure on Wednesday morning as investors waited for key events like the Federal Reserve interest rate decision and talks between Donald Trump and Xi Jinping. BTC was trading at $112,538, down from this week's high of $116,200.
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2025-10-29 06:10
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2025-10-29 00:15
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World Liberty Financial to airdrop 8.4M WLFI tokens to early USD1 users | cryptonews |
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World Liberty Financial has unveiled a new rewards initiative aimed at recognizing early participants in its USD1 stablecoin ecosystem.
Summary WLFI to distribute 8.4M tokens to early USD1 users on partner CEXs. Program generated $500M in stablecoin activity in two months. Expansion ahead with DeFi integrations and real-world utility plans. World Liberty Financial has announced a new rewards initiative for early adopters of its USD1 stablecoin. According to an Oct. 29 post on X, the company will distribute 8.4 million World Liberty Financial (WLFI) tokens through its USD1 Points Program to users across select centralized exchanges. Early adopters earn WLFI token rewards Users who earned points by trading or holding USD1 on partner platforms, including Gate.io, KuCoin, LBank, HTX, Flipster, and MEXC, will now receive WLFI token rewards. The program has generated over $500 million in volume since its launch, highlighting USD1’s growing presence among the top 10 stablecoins. Each exchange will manage its own distribution timelines and eligibility criteria. Two months ago, World Liberty launched the USD1 Points Program to Select Exchanges. The Loyalty platform put power in the hands of early users, who helped drive $500m of growth in the last two months through activities such as purchasing and using USD1 on partner exchanges.… — WLFI (@worldlibertyfi) October 29, 2025 The initiative continues WLFI’s strategy of incentivizing stablecoin adoption through loyalty-based mechanics. The project describes USD1 Points as a “user-first reward model” that aims to strengthen engagement and liquidity for USD1 pairs while promoting real-world utility for WLFI. Expanding WLFI ecosystem and utility The token distribution comes as WLFI broadens its ecosystem through new integrations and partnerships. Earlier in October, the company announced plans for a debit card linked to USD1 and compatible with Apple Pay, designed to facilitate seamless retail transactions. WLFI also entered a treasury partnership with Bitcoin miner Hut 8 and announced plans to tokenize assets such as real estate and commodities. WLFI confirmed that the Points Program will continue with more exchanges, trading pairs, and decentralized finance integrations in the months ahead. Despite ongoing scrutiny of USD1’s reserve attestations, WLFI’s steady rollout of products and incentive models reflects its push to merge stablecoin adoption with real-world financial applications. |
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2025-10-29 06:10
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2025-10-29 00:20
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Western Union's Dollar-Backed Stablecoin Is Coming to Solana — Here's the Rollout Plan | cryptonews |
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Western Union will launch a dollar-backed stablecoin on Solana in 2026, aiming to offer faster, lower-cost cross-border payments.
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2025-10-29 06:10
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2025-10-29 00:25
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Bitwise's Solana ETF Draws $69.5M on Debut, Outpacing Rival Fund's Launch | cryptonews |
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In brief
Bitwise's Solana ETF BSOL drew $69.5M in debut inflows on Tuesday.. The fund's low 0.20% fee and direct staking approach contrasts with Rex-Osprey’s Solana Staking ETF. Strong ETF demand comes amid Solana's 3.1% price decline on the day to $194. Bitwise Asset Management’s spot Solana ETF is off to a promising start. On Tuesday, the fund attracted some $69.5 million in inflows on its debut, outpacing Rex-Osprey Solana Staking ETF SSK’s $12 million debut inflow, according to data from Farside. Bitwise Solana Fund BSOL is positioning itself as a clear investor favorite as the market evaluates two distinct approaches to staking yield. “Truly a watershed moment.” Kyle Samani, managing partner at investment firm Multicoin Capital, tweeted. “All of this changes today,” Samani added, highlighting the fact that the “substantial majority of capital in the world was legally not allowed to trade or own Solana... until today.” Key differences between BSOL and SSK The divergent inflows provide a glimpse at how investors are weighing the funds' differing structures and fee models. BSOL offers direct spot Solana exposure, with all assets staked in-house, aiming to pass along the network's full staking yield—approximately 7%—to investors, its Monday announcement reads. The fully spot Solana ETF launched on the New York Stock Exchange with a highly competitive 0.20% management fee, waived for the first three months. In contrast, the SSK fund provides diversified exposure. About 54% of SSK’s portfolio is allocated to direct Solana holdings, 43.5% to the CoinShares Physical Staked Solana ETP listed in Switzerland, with the remainder in JitoSOL, short-term government obligations, and cash or other assets, according to its official website. Its staking rewards are distributed monthly and are currently classified as a return of capital for tax purposes. SSK carries a total expense ratio of 0.75% and trades on the Chicago Board Options Exchange. Grayscale’s GSOL spot ETF, meanwhile, has also received approval and will begin trading on Wednesday, Bloomberg ETF analyst James Seyffart noted. “I have a feeling the Bitwise Solana Staking ETF, BSOL, is gonna be huge,” Matt Hougan, CIO of crypto index fund manager Bitwise Invest, tweeted Tuesday. “Institutional investors love ETFs, and they love revenue. Solana has the most revenue of any blockchain. Therefore, institutional investors love Solana ETFs.” Still, users of predictions market Myriad, owned by Decrypt's parent company Dastan, see only a 32.7% chance of Solana hitting a new all-time high this year. Solana is down 3.1% over 24 hours and trading at $194 amid Bitcoin’s 3.2% drop from Tuesday’s high of $116,000, CoinGecko shows. Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more. |
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2025-10-29 06:10
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2025-10-29 00:30
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Crypto and Carcasses: Undercover Sting Recovers $700K in Bitcoin Miners, Foils $75K Frozen Turkey Heist | cryptonews |
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An operation led by the Grant County Sheriff's Office successfully recovered 1,000 stolen bitcoin mining rigs worth $700,000 and thwarted an attempted $75,000 frozen turkey heist.
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2025-10-29 06:10
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2025-10-29 00:30
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Maple Finance ends SYRUP staking and adopts buyback model | cryptonews |
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Maple Finance is taking a major step toward sustainability as its community backs a proposal to end SYRUP staking and shift to a revenue-driven buyback model.
Summary Maple Finance ends SYRUP staking after 91% community approval. 25% of revenue redirected to token buybacks via Syrup Strategic Fund. Governance expands to include all SYRUP and stSYRUP holders. Maple Finance is preparing to end staking rewards for its SYRUP token under a new plan aimed at creating long-term stability and linking the token’s value directly to the project’s revenue. According to Snapshot, the MIP-019 proposal unveiled on Oct. 28 already shows over 91% support from the Maple (SYRUP) community. The vote will close on Oct. 31. From SYRUP staking rewards to token buybacks The approval of MIP-019 will end all stSYRUP staking rewards in November, marking the protocol’s transition away from streaming revenue to token holders. Instead, 25% of all protocol revenue will now fund the newly formed Syrup Strategic Fund, a treasury designed to buy back tokens, boost liquidity, and build a stable DAO balance sheet. Maple, which has grown its assets under management by over 10x in the past year to roughly $4 billion, argues that staking has served its purpose in bootstrapping the ecosystem. As the platform matures and generates consistent fee income, now averaging over $1 million per month, the focus is shifting toward “all-weather” resilience and aligning token value with tangible business results. By replacing emissions with buybacks, ending staking rewards also reduces inflationary pressure on SYRUP’s supply, creating a deflationary effect. Analysts say the change reflects Maple’s evolution into an institutional-grade credit marketplace, where token performance mirrors protocol fundamentals rather than yield-driven incentives. Governance and product expansion The proposal also allows both SYRUP and stSYRUP holders to vote on future decisions. This makes community participation easier and keeps governance linked to token ownership. With SyrupUSDC scheduled to list on Aave (AAVE) and plans to introduce a Bitcoin liquid staking token (lstBTC) in 2026, Maple has been expanding its product line. Maple’s SyrupUSDC and SyrupUSDT vaults remained stable during October’s market turbulence, showing the reliability of the protocol’s lending model. The passage of MIP-019, which would terminate staking rewards, implement buybacks, and link the value of SYRUP to actual revenue, would be a significant step for Maple Finance. |
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2025-10-29 06:10
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2025-10-29 00:38
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Bitcoin Dip Looks Standard Pre-FOMC and $120K Would Open Path to $143K, Analysts Say | cryptonews |
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Bitcoin Dip Looks Standard Pre-FOMC and $120K Would Open Path to $143K, Analysts SayAfter a quick jump toward $116,094 faded, buyers showed up near $112,500 while analysts watched $120,000 as the level that could clear the way toward $143,000.Updated Oct 29, 2025, 4:55 a.m. Published Oct 29, 2025, 4:38 a.m.
Bitcoin hovered near $113,000 as traders waited for the Federal Open Market Committee (FOMC) — the Federal Reserve’s rate-setting group — to conclude its meeting today, with Chair Jerome Powell’s press conference at 2:30 p.m. ET. Analyst comments Ali Martinez says bitcoin needs to climb over $120,000 to open a path toward $143,000. In simple terms, he’s arguing that once price clears $120K, there’s less historical “traffic” above, so an advance to the next landmark around $143K becomes more likely on his framework. He bases this on a chart using long-term pricing bands—smooth curves built from on-chain averages that act like lanes on a motorway. In the image you shared, price sits below a key band around $120K; above that, the next band is near $143K, which he treats as the next major waypoint. The point is not that price must go there, but that once $120K is reclaimed, the model shows more open air until the upper band around $143K. Michaël van de Poppe says the recent drop looks like a routine dip, not a broken trend, and he wants $112K to keep holding as support before expecting another push higher. Put differently, he sees the move down as a standard “check the floor” moment, not the start of a bigger slide. He bases this on a medium-timeframe price chart with two clear zones: a floor near $112K and a ceiling around $115.6K–$116.2K. His chart sketches a path that bounces from the floor back toward the ceiling, which visually communicates his idea that the market can stabilize here and try higher again if $112K continues to hold. Glassnode says many recent buyers are concentrated near $111,000, while heavier selling interest sits around $117,000. In everyday language, $111K is where bargain hunters often step in, and $117K is where profit-taking often shows up, creating a tug-of-war that defines the current range. They base this on a cost-basis distribution view, which groups coins by the price where they last moved. Peaks in that distribution around $111K signal lots of buyers there (a supportive area), and peaks near $117K signal lots of potential sellers (an area that can slow rallies). The takeaway is that a clean move outside $111K–$117K could set the tone for the next larger leg. Technical analysis highlights The following is based on CoinDesk Research's technical analysis data model. Oct. 28, 14:00 UTC: Trading jumped to 22,844 BTC (174% of the 24-hour average 8,268), lifting price to the day’s high near $116,094 before sellers capped the move between $115,600–$116,200.Oct. 28, 20:00 UTC: A second burst of activity pressed price toward $112,500, where buyers responded and the slide slowed.Oct. 29, 02:00 UTC window: Over the 24 hours ending then, bitcoin slipped about 1.2%, from $113,973 to $112,568, a swing of roughly $3,930.03:45 UTC, Oct. 29 (time of writing): Price was near $112,637, with smaller candles that often signal a pause.Levels to watch: Support at $112,500, then $111,000; resistance at $115,600–$116,200. A push through $116K opens $119K–$120K; a loss of $112.5K puts $111K back in play.Analysis of latest 24-hour and one-month charts from CoinDesk Data24-hour view: The day looked like a bounce between a ceiling and a floor. Price sprinted to $116K, dropped back, then found support near $112.5K. After that, the candles got smaller, which usually means the rush to buy or sell cooled and traders are waiting for a fresh push. BTC-USD 24-Hour Price Chart (CoinDesk Data) One-month view: Most recent trading sits inside a $111K–$117K corridor. That explains why quick rallies often stall near $117K and quick dips often find buyers near $111K. Until price leaves this corridor, expect more back-and-forth. A firm move above $116K and then $120K would argue the balance is shifting upward; a clean drop below $112.5K would test $111K and the strength of the floor. BTC-USD One-Month Price Chart (CoinDesk Data) Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. More For You OwlTing: Stablecoin Infrastructure for the Future Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. View Full Report More For You Recent Bitcoin Crash Has Put $1B in sUSDe Loop Trades at Risk, Research Firm Says looped positions that rely on borrowing stables to buy sUSDe are at risk, Sentora Research said. What to know: The Oct. 10 market crash has put nearly $1 billion in DeFi positions involving Ethena's staked USDe at risk.Yields on leveraged strategies like the sUSDe loop trade have turned negative, reducing their appeal.Traders should monitor the spread between Aave's borrow APY and sUSDe yield, as well as the number of looped positions nearing liquidation.Read full story |
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2025-10-29 06:10
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2025-10-29 00:40
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Bitcoin treasury company Sequans moves 970 BTC to Coinbase Prime | cryptonews |
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The firm kicked off its Bitcoin accumulation initiative in July.
Key Takeaways French semiconductor firm Sequans Communications deposited 970 BTC worth $111 million on Coinbase Prime on Tuesday. The company announced in August its plans to stack up to 100,000 BTC by 2030. French Bitcoin treasury company Sequans Communications moved 970 Bitcoin (BTC) worth about $111 million to Coinbase Prime on Oct. 28, according to data from Arkham Intelligence. As of Oct. 6, Sequans held 3,234 BTC. Following the latest transfer, the Sequans-labeled wallet now holds 2,264 BTC, valued at approximately $255 million. The Paris-based semiconductor firm, backed by the French government, launched its Bitcoin accumulation strategy in early July, shortly after raising $384 million through a mix of debt and equity private placements to fund the initiative. In August, Sequans announced plans to acquire up to 100,000 BTC by 2030, with 2025 designated as a key year for expanding its holdings through public capital raises. Sequans (SQNS) shares rose 4.5% at Tuesday’s close, according to Yahoo Finance. The stock has plunged over 85% from its July peak at around $54. Disclaimer |
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2025-10-29 06:10
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2025-10-29 00:44
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Bitwise Solana Staking ETF (BSOL) Makes Record Debut with $69.5M Inflows, $289M NAV | cryptonews |
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Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Bitwise Solana Staking ETF (BSOL) makes an impressive debut with massive inflows and trading volumes, the biggest crypto ETF launch since Ethereum. However, SOL price slipped below $195 despite whales opening long positions on the ETF launch. Bitwise Solana Staking ETF (BSOL) Records $69.5 Million Inflows Bitwise’s spot Solana ETF officially began trading on NYSE Arca with $222.9 million in seed capital, recording $56 million in trading volume on its first day. Meanwhile, trading volumes for Canary’s HBAR ETF and Litecoin ETF were $8 million and $1 million, respectively. Bloomberg senior ETF analyst Eric Balchunas quoted $222.9 million in assets as “impressive.” He added, “Surprised they didn’t hold off tho and have it come in on Day One to get volume and flows higher. Good news is now we’ll have only organic, easier to measure true demand.” Bitwise Solana Staking ETF (BSOL) saw $69.5 million in inflows on day one, according to Farside Investors data on October 29. This is nearly 480% higher than the $12 million recorded by REX Osprey SOL Staking ETF (SSK). Bitwise Solana Staking ETF (BSOL) Inflows. Source: Farside Investors Moreover, the net asset value (NAV) has reached nearly $289 million, according to SoSoValue data. The accounts for 0.01% of SOL market cap. BSOL marks the first Solana staking ETF approved for trading in the United States. It provides investors with exposure to Solana (SOL), offering more than 7% annual rewards by staking 100% of SOL. SOL Price Falls Despite Whale Accumulations Whales accumulated heavily in response to the Bitwise Solana Staking ETF (BSOL) launch. A whale with a 100% win-rate opened a long position on SOL with 10x leverage, reported Onchain Lens. Recently, the whale closed its 13x long position on BTC to make $1.4 million in profit. Whale Opens 10x Long Position on SOL. Source: Onchain Lens However, SOL price fell more than 3% in the past 24 hours, with the price currently trading at $$194. The 24-hour low and high are $191.39 and $203.83, respectively. Trading volume saw a major rebound with a 25% jump in the last 24 hours, indicating interest among traders. The derivatives market showed buying in the last few hours, as per CoinGlass data. The 4-hour SOL futures OI was up nearly 0.22%. Notably, the total Solana futures open interest climbed 3% to $10.22 billion in 24 hours, with a 0.03% drop on CME and a 2.50% jump on Binance in the last 24 hours. Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses. Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content. |
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2025-10-29 06:10
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2025-10-29 01:00
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Will BNB's price hold on to its $1,000-support after falling by almost 4%? | cryptonews |
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Key Takeaways
Why did BNB face bearish pressure over the last few hours? Despite BNB’s price bounce to $1,182 on Monday, Bitcoin’s rejection at $116k shifted market-wide sentiment bearishly. What are the next key levels for BNB traders? The $1,026 support and the $1,182 local high would be the key support and resistance levels to watch out for. At the time of writing, the crypto market was in the middle of another price dip as Bitcoin [BTC] faced rejection at the $116k resistance. Spurred by short-term BTC holders taking profit at a key short-term resistance level, the altcoin market dropped by 2.5% in the last ten hours. Binance Coin [BNB] was not immune to this price drop and lost 3.84% of its value on the charts. Despite the selling pressure though, the price remained above $1,000. How much longer will that be the case? BNB safe above support… For now! Source: BNB/USDT on TradingView The 1-day timeframe price chart revealed that while BNB had a bullish swing structure, it also had a bearish short-term bias over the past ten days. This was due to the bulls’ inability to defend the swing low at $1,100 on 17 October. As it stands, the Fibonacci retracement levels are being respected, with the 78.6% level at $1,026 emerging as an important support level. A price drop below this level would be an early warning sign of weakness from the bulls. The BNB long/short ratio chart used the taker buy/sell ratio to determine the number of takers on either side. More aggressive taker bids would mean bullish conditions, but the ratio was 0.87 on Tuesday. This meant that the taker sell volume was slightly higher. This might help explain the price’s struggles to overcome the $1,140 resistance zone. Only in recent hours did the taker volumes find equilibrium, which might shift depending on BTC’s next move. Overall, BNB seemed to be in a tough spot. The buyers appeared to be too weak to drive a rally, but still had enough fight in them to defend the psychological $1k support level. A move below $922 would be confirmation of a long-term bearish trend. On the contrary, a rally past $1,150-$1,190 would be the first step towards establishing an uptrend. Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity. Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution. As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions. |
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2025-10-29 06:10
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2025-10-29 01:00
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Bitcoin Holds Near $114K Despite Uncertainty, Analysts Say Rally Could Cement $100K Support Zone | cryptonews |
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
The price of Bitcoin (BTC) continues to hover around the $114,000 mark as investor sentiment swings between optimism and caution. Related Reading: Analyst Shares Why He Bought A Massive Stack Of XRP, ‘It’s Not A Gamble’ According to Standard Chartered’s head of digital asset research Geoffrey Kendrick, the recent developments may mark a transformative phase for Bitcoin, one where its six-figure price zone becomes a lasting support level rather than a fleeting milestone. Macro Tailwinds Drive Market Mood Kendrick points to a rebound in global risk appetite after recent signs of détente between the United States and China. Discussions around delayed rare-earth export restrictions and increased U.S. agricultural purchases by China have eased trade tensions ahead of the high-level summit between President Donald Trump and President Xi Jinping. Kendrick notes that this shift in geopolitics has helped restore confidence in risk assets, including Bitcoin, and may be influencing the recent uptick in the Bitcoin-to-gold ratio, a key sentiment indicator for crypto markets. In parallel, expectations of a potential interest-rate cut by the Fed and the possibility of the bank pausing its quantitative-tightening programme have also lifted hopes of increased liquidity, further favouring risk-on trades. Analysts suggest that if the Fed pivots, it could serve as a boost for Bitcoin’s structural up-trend. Spot Bitcoin ETF Flows Could Cement the New Floor Beyond macro trends, Standard Chartered emphasises the growing role of institutional flows into spot Bitcoin ETFs. The believe that over $2 billion recently exited gold-backed ETFs, and argues that even half of those funds shifting into BTC products would represent a major structural change in capital allocation. This matters because it signals a shift away from the traditional narrative that Bitcoin’s price moves are primarily driven by its miner-reward “halving” events. Instead, large-scale adoption and institutional investment now appear to be the dominant drivers of the market. If this momentum persists, Kendrick asserts that Bitcoin may be entering a new phase where dropping below $100,000 becomes unlikely. BTC's price trends to the upside on the daily chart. Source: BTCUSD on Tradingview Bottom Line At present, Bitcoin remains within a consolidation range near $112,000–114,000, with technicals pointing to a tightening in volatility and potential for a breakout once macro catalysts settle. Related Reading: Citigroup Teams Up With Coinbase To Develop New Stablecoin Solutions If Bitcoin can hold above this cluster and institutional flows continue unabated, the $100,000 level may no longer be just a psychological barrier, it could become the de facto floor. Traders and investors will be watching closely in the days ahead for confirmation of these trends. Cover image from ChatGPT, BTCUSD chart from Tradingview Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. |
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2025-10-29 06:10
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2025-10-29 01:00
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Dogecoin Ignites — 60% Volume Boom Teases Potential Rally | cryptonews |
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Dogecoin saw a sharp jump in trading activity on Tuesday, but prices did not follow immediately. Volume over the last 24 hours rose by 60%, pushing total traded value above $2 billion, according to CoinMarketCap.
Yet the token traded near $0.21 at the time of the report, down about 0.18% in the day and down 12% so far this month. Trading Volume Surges According to CoinMarketCap data, the sudden spike in volume shows many more hands moving DOGE than usual. Reports have disclosed that this wave of trades coincides with renewed interest among retail buyers and larger holders. Data shows that October has historically been a strong month for Dogecoin, with modest gains of 30% to a more impressive 101% from 2021 up to 2024. Those past returns help explain why some traders expect a positive close this month. Whales Move, Exchanges See Flow Reports have disclosed several large transfers tied to the surge. One report described a dormant whale with a 36 DOGE seed reactivating and making a transfer valued at $26.8 million to Binance. Another dormant wallet reportedly moved 15.115 million DOGE, valued at about $2.95 million, out of the same exchange. These movements drew attention because big transfers can change where liquidity sits and how quickly prices move when buying or selling picks up. Another dormant wallet reportedly moved 15 million DOGE, valued at about nearly $3 million, out of Binance. These movements drew attention because big transfers can change where liquidity sits and how quickly prices move when buying or selling picks up. DOGEUSD now trading at $0.20. Chart: TradingView Macro Drivers And Market Sentiment The volume surge came as major cryptocurrencies showed strength. Reports have disclosed Bitcoin moving higher toward $115,000 while Ethereum traded near $4,200. That broader rally can lift smaller tokens as traders rotate capital across markets. Still, metrics are mixed: one recent forecast predicted DOGE could rise by 13% to $0.22 by November 27, 2025, while technical indicators flagged the current sentiment as Bearish and the Fear & Greed Index sat at 50. DOGE price seen climbing in the next 30 days. Source: CoinCodex Outlook And Risks Ahead The picture is straightforward and messy at the same time. Higher volume suggests interest; price action says caution. Whale transfers can both fuel rallies and add selling pressure, depending on intent. Traders watching the symmetrical triangle will likely wait for a clear break up or down before making bigger bets. Those looking at seasonal trends may find hope in October’s past strength, but historical gains do not guarantee future returns. Featured image from Unsplash, chart from TradingView |
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2025-10-29 06:10
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2025-10-29 01:04
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MetaMask Goes Multichain: One Account to Rule Ethereum, Solana, and Soon Bitcoin | cryptonews |
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MetaMask, one of the most widely used crypto wallets globally, has taken a major step toward becoming the ultimate multichain wallet. In a move that could redefine how users interact with different blockchain ecosystems, MetaMask has rolled out multichain accounts — enabling a single account to manage both EVM and non-EVM addresses, including Solana and soon, Bitcoin.
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2025-10-29 06:10
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2025-10-29 01:05
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[LIVE] Crypto News Today: Latest Updates for Oct. 29, 2025 – Crypto Market Turns Red; OG Whale Loads Up on Ethereum Shorts | cryptonews |
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Follow up to the hour updates on what is happening in crypto today, October 29. Market movements, crypto news, and more!
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2025-10-29 06:10
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2025-10-29 01:08
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Solana (SOL) Weakens Again — Break Below $200 Opens Door For Further Decline | cryptonews |
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Solana failed to stay above $200 and corrected gains. SOL price is now trading below $200 and might decline further if it dips below $192.
SOL price started a downside correction below $200 against the US Dollar. The price is now trading below $198 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $192 zone. Solana Price Corrects Some Gains Solana price started a decent increase after it settled above the $192 zone, beating Bitcoin and Ethereum. SOL climbed above the $198 level to enter a short-term positive zone. The price even smashed the $200 resistance. A high was formed near $205 and the price recently corrected some gains. There was a move below the 23.6% Fib retracement level of the upward wave from the $177 swing low to the $205 high. Besides, there was a break below a bullish trend line with support at $198 on the hourly chart of the SOL/USD pair. Solana is now trading below $198 and the 100-hourly simple moving average. Source: SOLUSD on TradingView.com On the upside, the price is facing resistance near the $198 level. The next major resistance is near the $200 level. The main resistance could be $205. A successful close above the $205 resistance zone could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. More Losses In SOL? If SOL fails to rise above the $200 resistance, it could start another decline. Initial support on the downside is near the $192 zone and the 50% Fib retracement level of the upward wave from the $177 swing low to the $205 high. The first major support is near the $188 level. A break below the $188 level might send the price toward the $180 support zone. If there is a close below the $180 support, the price could decline toward the $166 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $192 and $188. Major Resistance Levels – $200 and $205. |
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2025-10-29 06:10
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2025-10-29 01:21
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Crypto ETF Report: Ethereum ETFs Top Bitcoin with $246 Million Inflows | cryptonews |
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On October 28, both crypto ETFs, Bitcoin and Ethereum, recorded gains. Bitcoin ETFs saw a combined inflow of $202.48 million, with Arl & 21Shares ARKB leading the session. Meanwhile, Ethereum $246.02 million, surpassing Bitcoin.
Bitcoin ETF Breakdown According to data from SoSoValue, Bitcoin ETFs recorded $202.48 million in inflows, with only three ETFs posting gains. Ark & 21Shares ARKB and Fidelity FBTC reported $75.84 million and $67.05 million, respectively. BlackRock IBIT posted the smallest gains for the day with $59.60 million in inflows. Neither of the funds posted any outflows on Tuesday. The total trading value reached $4.18 billion with net assets of $154.81 billion. This represents 6.88% of the Bitcoin market cap. Ethereum ETF Breakdown Ethereum saw a total net inflow of $246.02 million, with Fidelity FETH leading at $99.27 million. Two other funds reported ETF gains, BlackRock ETHA of $76.37 million and Grayscale ETH of $73.03 million. Grayscale ETHE was the only fund to post ETF withdrawals for the day, with $2.66 million in outflows. The total trading volume reached $1.64 billion with net assets at $27.66 billion. This marks 5.76% of the Ethereum market cap. Market Context Bitcoin is trading at $112,701, down 1.06% from yesterday, but its daily trading volume has jumped nearly 12% to $64.8 billion. The market cap stands at $2.24 trillion as of Wednesday. Ethereum is priced at $4,010, slipping 2.15% in the past 24 hours. Its trading volume is $37.8 billion, with a market cap of about $484.8 billion. Despite the slight dip, both Bitcoin and Ethereum continue to recover from October’s crypto crash. Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors. Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices. Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners. |
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2025-10-29 06:10
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2025-10-29 01:22
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Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration | cryptonews |
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Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information. Pi Network’s native cryptocurrency, Pi Coin, is getting major attention with a continued rally upwards, extending its weekly gains to more than 30%. This bullish action comes following the latest reports that the network has joined the ISO 20022 group, along with Ripple and Stellar. As a result, the bulls are once again attempting a breakout past $0.28, which will set the stage for a greater rally ahead. Pi Coin Extends Weekly Gains to Over 30% From the lows of $0.19 last week, the Pi Network token has staged significant gains and is currently trading up more than 30% on the weekly chart. With 15% upside in the last 24 hours, bulls are making yet another attempt to move past the $0.28 levels, where it faced earlier resistance. Technical charts show that the Pi coin price has broken out of the consolidation zone, and has renewed bullish momentum after rebounding once again from the $0.23 support level. Thus, the breakout from this resistance signals a potential shift in market structure toward the upside. Source: TradingView Crypto analyst Devid James noted that the recent breakout suggests growing strength in the price floor, reinforcing bullish sentiment among traders. However, the $0.3626 level remains a critical resistance to watch. A rejection at this point could trigger a short-term pullback, potentially revisiting the $0.23 support area. Pi Network Joins ISO 20022 Group Pi Network has reportedly joined the ISO 20022 group, aligning itself with leading compliant digital assets such as XRP and Stellar (XLM). The move marks a major step toward integrating Pi with global banking and payment standards. The development surrounding this has activated the bulls and pushed Pi coin price even higher, supported by Pi tokens exiting the exchanges. By adopting ISO 20022, Pi Network enhances its compatibility with traditional financial systems. Besides, it will potentially enable smoother cross-border transactions, improved interoperability, and greater institutional trust. Global banks have increasingly transitioned to ISO 20022 to modernize their financial messaging frameworks. Thus, with digital assets aligning with the standard, they are expected to gain a competitive edge in regulatory adoption and institutional use cases. Furthermore, in Q4 2025, the Protocol 23 upgrade will be coming to the Pi Network mainnet while addressing the issues of scalability and transaction efficiency. Additionally, more than 3.36 million additional Pioneers have successfully completed full KYC verification following the rollout of a new system process. The update enabled further review of 4.76 million Tentative KYC cases, allowing those users to qualify for full KYC completion. Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses. Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content. |
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2025-10-29 06:10
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2025-10-29 01:22
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Solana Shades XRP: 'There Is No Bridge Currency' | cryptonews |
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The official X account of the Solana blockchain has taken a not-so-veiled dig at the Ripple-linked XRP cryptocurrency.
In a rival social media post, it stated that there is "no bridge currency," riling up XRP proponents. As reported by U.Today, Western Union intends to launch a stablecoin on the Solana blockchain next year. The new product will make it possible for the remittance giant, which has a presence all over the globe, to boost the efficiency of transfers. HOT Stories Failed Ripple collaboration Western Union CEO Devin McGranahan stated that the remittance giant had tried various alternatives, but it ultimately decided to settle with Solana. "We looked at alternatives, and came to the conclusion that Solana was the right choice," McGranahan previously stated. Western Union and Ripple initially launched a pilot project all the way back in 2015. The latter confirmed that it was working on infrastructure for real-time settlements. There were no further details about the pilot. In February, Western Union confirmed that it started testing Ripple's tech for money transfers. The remittance giant was reportedly experimenting with the xRapid solution that used XRP as a bridge currency. However, the experiment went nowhere, and there were no public announcements of a partnership between Western Union and Ripple. In fact, former CEO Hikmet Ersek complained that the technology was too expensive. |
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2025-10-29 06:10
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2025-10-29 01:24
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XRP Trades Higher on Big Flows, Yet Technical Setup Signals Caution | cryptonews |
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Traders should watch for XRP to maintain support around $2.60-$2.63, as a sustained rise above $2.65 could shift the bias bullish.Updated Oct 29, 2025, 5:24 a.m. Published Oct 29, 2025, 5:24 a.m.
(CoinDesk Data) What to know: XRP rose 0.60% to $2.623 as trading volume increased by 47% above its seven-day average, signaling heightened institutional interest.Despite bullish patterns, XRP faces resistance near $2.68, with momentum indicators suggesting possible short-term consolidation.Traders should watch for XRP to maintain support around $2.60-$2.63, as a sustained rise above $2.65 could shift the bias bullish.XRP advanced modestly as trading activity spiked, though momentum indicators warn of near-term consolidation risk. News BackgroundXRP climbed 0.60% to $2.623 while trading volume surged about 47% above its seven-day average, indicating increased institutional interest amid a lack of strong breakout catalysts. The token still faces resistance from a rejection near $2.68 and multiple analysts caution that while bullish chart patterns exist, the recent momentum may be capped.Price Action SummaryOver the session, XRP traded in an $0.11 range, oscillating between ~$2.64 and ~$2.62. A peak volume of ~167.3 million tokens (≈140% above the 24-hour average) was recorded during the failed breakout near $2.68 resistance. The $2.60 psychological support level held firm through several tests. This price action reflects controlled accumulation rather than a full breakout run.Technical AnalysisThe breakout attempt above $2.68 was rejected, confirming that resistance remains stiff. The support zone at ~$2.60 has demonstrated resilience, yet momentum indicators—such as the TD Sequential—have triggered caution signals. Chart structure shows consolidation between $2.60 and $2.67, which may form the base of a future move but also warns of possible short-term pause. Volume surge validates interest but the lack of a clean breakout suggests the move is still in setup mode.What Traders Should KnowTraders should monitor whether XRP can hold the support band around $2.60-$2.63. A sustained close above $2.65 coupled with renewed volume would tilt the bias bullish and open targets near $2.70-$2.90. Conversely, a break below ~$2.60 would expose a retest of ~$2.55 or lower.The upcoming ETF decision window and institutional inflows remain key catalysts to watch.More For You OwlTing: Stablecoin Infrastructure for the Future Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. View Full Report More For You XRP and SOL Futures Open Interest on CME Hits Record High Record XRP and Solana futures activity pushed open interest on the derivatives giant’s platform to roughly $3 billion, signaling renewed retail and institutional appetite for altcoin exposure. What to know: CME-listed futures for XRP and Solana reached record open interest, indicating strong demand for regulated crypto products.The notional open interest for these futures contracts totaled $3 billion, highlighting their growing popularity among investors.Solana futures launched in March and surpassed $1 billion in open interest by August, while XRP futures achieved this milestone within three months of their debut.Read full story |
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2025-10-29 06:10
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2025-10-29 01:29
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Asia Market Open: Crypto Rally Stalls as Bitcoin Sinks Below $113K Ahead of Fed Rate Call | cryptonews |
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Bitcoin slipped below $113k in Asia as traders turned cautious ahead of the Federal Reserve's expected rate cut and a packed week of mega-cap tech earnings.
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2025-10-29 06:10
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2025-10-29 01:30
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Bitcoin Spam Has Been Around Since 2011, Bitmex Says | cryptonews |
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The company's X post on the history of Bitcoin junk data came before a recent software upgrade that many say has opened the floodgates to spam.
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2025-10-29 06:10
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2025-10-29 01:32
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Prenetics Raises $48 Million to Expand Bitcoin Treasury and IM8 Brand | cryptonews |
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Nasdaq-listed health sciences firm Prenetics Global has made headlines once again, this time by raising $48 million in an oversubscribed equity round aimed at accelerating its Bitcoin treasury strategy and expanding its fast-growing supplement brand IM8, co-founded with football legend David Beckham.
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2025-10-29 06:10
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2025-10-29 01:42
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Why the Official Trump Coin Is Up Today Amid Crypto Market Drop | cryptonews |
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Official Trump Coin (TRUMP) is back in the spotlight, jumping nearly 10% in a single day to trade around $7.53, defying the overall crypto market drop. The sudden surge shows how politically themed tokens can attract attention when big investors and technical signals align at the right time.
Here’s what happened and why it’s surging today! Whale Buying & Shrinking Exchange BalancesOne major reason behind the price spike is a wave of whale accumulation. Large investors have been quietly buying TRUMP over the past few weeks, increasing their holdings from 3.97 million to 4.88 million tokens. This steady accumulation often signals growing confidence that the token could climb higher in the near term. At the same time, coins sitting on exchanges have dropped. Fewer coins on exchanges often imply a less ready supply and hint at stronger buyer conviction Boost from Trump Media and ETF HopesInvestor excitement grew even stronger after a New York Stock Exchange division filed to list a spot Bitcoin ETF tied to Donald Trump’s Truth Social platform. This connection between Trump Media and crypto markets boosted optimism around all Trump-linked digital assets. Adding to the momentum, World Liberty Financial announced its USD1 stablecoin will integrate with the Enso blockchain, strengthening the ecosystem linked to TRUMP. Trump Token Price OutlookFrom a technical perspective, TRUMP has broken key resistance levels, flipping short-term charts bullish. The price now hovers near the upper boundary of its falling wedge pattern, a structure that often signals a trend reversal. If the token holds above its current support and breaks out decisively, analysts believe TRUMP could rally toward $13 to $19 in the coming months, turning today’s rebound into the start of a larger bullish phase. Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors. Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices. Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners. |
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2025-10-29 06:10
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2025-10-29 01:53
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Crypto prices today (Oct. 29): BTC, ETH, BNB, XRP hold steady as market awaits Fed decision | cryptonews |
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Crypto prices today are drifting lower ahead of the U.S. Federal Reserve’s policy update.
Summary Crypto market cap slips 1.5% to $3.88T as BTC trades near $113,000. Traders anticipate a 0.25% rate cut, with volatility expected post-meeting. Spot BTC and ETH ETFs post strong inflows, showing steady institutional demand. The total market capitalization has slipped 1.5% to $3.88 trillion, with most major tokens posting slight losses. At press time, Bitcoin trades at $112,831, down 1% in the past 24 hours, while Ethereum changes hands at $4,016, a 2% drop. BNB is down 2.9% to $1,102, and XRP trades at $2.62, easing 0.4%. Market data indicates a slight decline in risk tolerance. At 51, the Crypto Fear & Greed Index has hardly changed from the previous day, indicating a wait-and-see mood rather than panic. According to CoinGlass data, open interest across major exchanges has dipped 1.34% to $163 billion, while total liquidations rose to $521 million, mostly from overextended long positions. Fed rate decision in focus All eyes now turn to Washington, where the Federal Open Market Committee is expected to announce its decision later today. Futures imply a 97% chance of a 0.25% rate cut, as per CME FedWatch. Softer inflation data from Oct. 24 has strengthened expectations that the Fed will continue easing into 2025. Still, investors remain cautious after hawkish notes from the previous meeting, prompting profit-taking and a quiet trading tone. “FOMC Day jitters” is how one trader described it on X. Bitcoin’s tight range near $113,000 reflects that hesitation, with volatility likely to spike once the Fed statement hits at 2:00 PM ET, followed by Chair Jerome Powell’s press conference half an hour later. ETF inflows boost sentiment Meanwhile, institutional inflows continue to offer a counterweight to the macro nerves. U.S. spot Bitcoin exchange-traded funds drew $202 million in net inflows on Oct. 28, and Ethereum funds added $246 million` This shows steady interest from professional investors despite the subdued trading tone. The next move likely hinges on the Fed’s tone whether it leans toward more easing or keeps a firmer hand on rates. Rate cuts historically fuel crypto rallies. A dovish tone could push BTC toward $115,000-$118,000 area. Anything less might lead to a retest of the $108,000 support. |
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2025-10-29 05:10
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2025-10-28 23:31
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Mondelez International, Inc. (MDLZ) Q3 2025 Earnings Call Transcript | stocknewsapi |
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Q3: 2025-10-28 Earnings SummaryEPS of $0.73 beats by $0.02
| Revenue of $9.74B (5.87% Y/Y) beats by $60.70M Mondelez International, Inc. (NASDAQ:MDLZ) Q3 2025 Earnings Call October 28, 2025 5:00 PM EDT Company Participants Dirk Van de Put - Chairman & CEO Luca Zaramella - Executive VP & CFO Conference Call Participants Andrew Lazar - Barclays Bank PLC, Research Division Peter Galbo - BofA Securities, Research Division David Palmer - Evercore ISI Institutional Equities, Research Division Megan Christine Alexander - Morgan Stanley, Research Division Thomas Palmer - JPMorgan Chase & Co, Research Division Christopher Carey - Wells Fargo Securities, LLC, Research Division Presentation Operator Good afternoon, and welcome to the Mondelez International 2025 Third Quarter Earnings question-and-answer session. [Operator Instructions] On today's call are Dirk Van de Put, Chairman and CEO; Luca Zaramella, CFO; and Shep Dunlap, SVP of Investor Relations. Earlier this afternoon, the company posted a press release and prepared remarks, both of which are available on its website. During this call, the company will make forward-looking statements about performance. These statements are based on how the company sees things today. Actual results may differ materially due to risks and uncertainties. Please refer to the cautionary statements and risk factors contained in the company's 10-K, 10-Q and 8-K filings for more details on forward-looking statements. As the company discusses results today, unless noted as reported, it will be referencing non-GAAP financial measures, which adjust for certain items included in the company's GAAP results. In addition, the company provides year-over-year growth on a constant currency basis unless otherwise noted. You can find the comparable GAAP measures and GAAP to non-GAAP reconciliations within the company's earnings release and at the back of the slide presentation. Question-and-Answer Session Operator We will now move to our first question. Our first question comes from the line of Andrew Lazar with Barclays. Andrew Lazar Barclays Bank PLC, Research Division Dirk, maybe to start off, I was hoping Recommended For You |
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Logitech International S.A. (LOGI) Q2 2026 Earnings Call Transcript | stocknewsapi |
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Q2: 2025-10-28 Earnings SummaryEPS of $1.45 beats by $0.21
| Revenue of $1.19B (6.27% Y/Y) beats by $673.53K Logitech International S.A. (NASDAQ:LOGI) Q2 2026 Earnings Call October 28, 2025 4:30 PM EDT Company Participants Nate Melihercik - Head of Global Investor Relations Johanna Faber - CEO & Director Matteo Anversa - Chief Financial Officer Conference Call Participants Asiya Merchant - Citigroup Inc., Research Division Erik Woodring - Morgan Stanley, Research Division Alek Valero - Loop Capital Markets LLC, Research Division Samik Chatterjee - JPMorgan Chase & Co, Research Division Didier Scemama - BofA Securities, Research Division Michael Foeth - Vontobel Holding AG Martin Jungfleisch - BNP Paribas Exane, Research Division Presentation Nate Melihercik Head of Global Investor Relations Good afternoon, and good evening. Welcome to Logitech's video call to discuss our financial results for the second quarter of our fiscal year 2026. Joining us today are Hanneke Faber, our CEO; and Matteo Anversa, our CFO. During this call, we will make forward-looking statements, including discussions of our outlook, strategy and guidance. We're making these statements based on our views only as of today. Our actual results could differ materially as a result of many factors. Additional information concerning those factors is available in our most recent annual report on Form 10-K and any subsequent reports on Forms 10-Q and 8-K, which you can find on the SEC's website and the Investor Relations section of our website. We undertake no obligation to update or revise any of these forward-looking statements, except as required by law. We will also discuss non-GAAP financial results. You can find a reconciliation between GAAP and non-GAAP results and information about our use of non-GAAP measures and factors that could impact our financial results and forward-looking statements in our press release and in our filings with the SEC. These materials as well as the shareholder letter and a webcast of this call are all available at the Investor Relations page of our website. We encourage Recommended For You |
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2025-10-29 05:10
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2025-10-28 23:31
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Trump signals he plans to speak to China's Xi about Nvidia's 'super duper' chips | stocknewsapi |
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U.S. President Donald Trump plans to discuss Nvidia's advanced AI chips with Chinese President Xi Jinping during their widely expected meeting on Thursday, he told a media scrum Wednesday.
While taking questions regarding his high-stakes meeting with Xi, Trump signaled that Nvidia's Blackwell AI processors could be discussed. "We'll be speaking about Blackwell, it's the super duper chip," he said. Nvidia's "super duper chip" appeared to refer to the GB200 Grace Blackwell Superchip — its most advanced AI chip. More broadly, Nvidia's Blackwell architecture represents its latest generation of AI chips, or 'graphics processing units,' used to train and run large language models. Trump went on to laud Nvidia's Blackwell chips, claiming that they are about a decade ahead of any other chip. "That's our country. We're about 10 years ahead of anybody else in chips — in the highly sophisticated chips. I think we may be talking about that with President Xi." The comments come as Nvidia faces an uncertain future in China, once a lucrative market for the AI darling. While export controls have long prevented Nvidia from selling its most advanced AI products to China, Washington had rolled back restrictions on the chipmaker's less advanced, made-for-China H20 chips in July. Trump later indicated that he might also allow a downgraded version of Nvidia's Blackwell chips into China. But in a surprise move, Beijing recently stepped in to prevent its companies from importing Nvidia's chips. Earlier this month, Nvidia CEO Jensen Huang said the company is currently "100% out of China" and has no market share there. However, many experts speculate that Beijing could be using Nvidia's access to its market as leverage in its trade negotiations with the Trump administration. |
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2025-10-29 05:10
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2025-10-28 23:38
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OpenAI clears restructuring hurdle, unlocking $40B SoftBank-led funding and setting stage for IPO | stocknewsapi |
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CNBC's MacKenzie Sigalos joins 'Closing Bell Overtime' to report on OpenAI's newly finalized restructuring. Microsoft now holds a 27% stake worth $135 billion, while OpenAI commits $250 billion in future Azure spend and reshuffles IP rights in the updated partnership.
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2025-10-29 05:10
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2025-10-28 23:41
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Woolworths Group Limited (WOLWF) Q1 2026 Sales Call Transcript | stocknewsapi |
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Woolworths Group Limited (OTCPK:WOLWF) Q1 2026 Sales Call October 28, 2025 7:30 PM EDT Company Participants Amanda Bardwell - CEO, MD & Director Stephen Harrison - Chief Financial Officer Annette Karantoni - Managing Director of Woolworths Retail Amitabh Mall - MD of Group ECOMX and Chief Digital & Analytics Officer Daniel Hake - Managing Director of BiG W Conference Call Participants Adrian Lemme - Citigroup Inc., Research Division Michael Simotas - Jefferies LLC, Research Division Thomas Kierath - Barrenjoey Markets Pty Limited, Research Division David Errington - BofA Securities, Research Division Shaun Cousins - UBS Investment Bank, Research Division Caleb Wheatley - Macquarie Research Bryan Raymond - JPMorgan Chase & Co, Research Division Ben Gilbert - Jarden Limited, Research Division Craig Woolford - MST Financial Services Pty Limited, Research Division Richard Barwick - CLSA Limited, Research Division Phillip Kimber - E&P, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to the Woolworths Group F '26 Q1 sales announcement. [Operator Instructions] I would now like to hand the conference over to Ms.
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Tenet Healthcare Corporation (THC) Q3 2025 Earnings Call Transcript | stocknewsapi |
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Q3: 2025-10-28 Earnings SummaryEPS of $3.70 beats by $0.35
| Revenue of $5.29B (3.26% Y/Y) beats by $41.36M Tenet Healthcare Corporation (NYSE:THC) Q3 2025 Earnings Call October 28, 2025 10:30 AM EDT Company Participants William McDowell - Vice President of Investor Relations Saumya Sutaria - Chairman & CEO Sun Park - Executive VP & CFO Conference Call Participants Kevin Fischbeck - BofA Securities, Research Division Scott Fidel - Goldman Sachs Group, Inc., Research Division Craig Hettenbach - Morgan Stanley, Research Division Jason Cassorla - Guggenheim Securities, LLC, Research Division Ann Hynes - Mizuho Securities USA LLC, Research Division Benjamin Rossi - JPMorgan Chase & Co, Research Division Ryan Langston - TD Cowen, Research Division Justin Lake - Wolfe Research, LLC Brian Tanquilut - Jefferies LLC, Research Division Albert Rice - UBS Investment Bank, Research Division Joshua Raskin - Nephron Research LLC Benjamin Mayo - Leerink Partners LLC, Research Division Thomas Walsh - Barclays Bank PLC, Research Division Presentation Operator Good morning, welcome to Tenet Healthcare's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] I'll now turn the call over to your host, Mr. Will McDowell, Vice President of Investor Relations. Mr. McDowell, you may begin. William McDowell Vice President of Investor Relations Good morning, everyone, and thank you for joining today's call. I am Will McDowell, Vice President of Investor Relations. We're pleased to have you join us for a discussion of Tenet's third quarter 2025 results as well as a discussion of our financial outlook. Tenet senior management participating in today's call will be Dr. Saum Sutaria, Chairman and Chief Executive Officer; and Sun Park, Executive Vice President and Chief Financial Officer. Our webcast this morning includes a slide presentation, which has been posted to the Investor Relations section of our website, tenethealth.com. Listeners to this call are advised that certain statements made during our discussion today are forward-looking and represent management's expectations based on currently available information. Actual results and plans could differ materially. Tenet is under no Recommended For You |
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2025-10-29 05:10
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2025-10-28 23:42
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Cogna Educação S.A. Announces Further Extension of the Offer to Purchase All Outstanding Class A Common Shares of Vasta Platform Limited | stocknewsapi |
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October 28, 2025 23:42 ET
| Source: Cogna Educação S.A. BELO HORIZONTE, Oct. 28, 2025 (GLOBE NEWSWIRE) -- COGNA EDUCAÇÃO S.A. (B3: COGN3), a company organized under the laws of the Federative Republic of Brazil (“Cogna”), today announced that it has further extended the expiration date of its previously announced all cash tender offer (the “Offer”) pursuant to an offer to purchase dated September 17, 2025 and subsequently amended on September 24, 2025 and October 16, 2025 (as further amended, modified or supplemented from time to time, the “Offer to Purchase”) any and all of the outstanding Class A common shares, par value U.S.$0.00005 per share (the “Class A common shares” and collectively the “Securities”), traded on the Nasdaq Global Select Market (“NASDAQ”), of Vasta Platform Limited, a Cayman Islands exempted company with limited liability (“Vasta”), other than any Class A common shares held, directly or indirectly, by Cogna, at a price equal to U.S.$5.00 per Class A common share. The Offer, which was previously scheduled to expire 5:00 p.m. New York City time on October 28, 2025, has been further extended until 5:00 p.m., New York City time, on December 10, 2025, unless the Offer is further extended or earlier terminated. The Offer has been extended to allow additional time for the completion of the review of the Tender Offer Documents (as defined below) by the United States Securities and Exchange Commission (the “SEC”), which has been affected by the United States government shutdown. Vasta shareholders who have previously tendered their shares do not need to re-tender their shares or take any other action in response to the extension of the Offer. Equiniti Trust Company, LLC, the tender agent for the Offer, has advised Cogna that as of 5:00 p.m., New York City time, on October 28, 2025, 15,379,240 Shares had been validly tendered into the Offer and not validly withdrawn, representing approximately 96.3% of the outstanding Shares. The Offer is made in accordance with the terms and subject to the conditions described in the Offer to Purchase, the related letter of transmittal and other related materials, as each may be amended or supplemented from time to time, filed as part of the Offer statement on Schedule TO that Cogna initially filed on September 17, 2025 and subsequently amended on September 24, 2025 and October 16, 2025 with the SEC (collectively, the “Tender Offer Documents”). Consummation of the Offer continues to be subject to satisfaction or waiver of all of the conditions referred to in Section 11 — "Conditions of the Offer" of the Offer to Purchase. The information agent for the Offer is D.F. King & Co., Inc. The tender agent for the Offer is Equiniti Trust Company, LLC. The dealer manager for the Offer is Itau BBA USA Securities, Inc. For questions regarding the terms of the Offer, you may call D.F. King & Co., Inc., the information agent for the Offer, toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to [email protected], or Itau BBA USA Securities, Inc., the dealer manager for the Offer, at +55 (11) 97530-3709; Attention: Fernando Niemeyer, or +55 (11) 96587-0063; Attention: Felipe Condado Barbosa. For questions regarding how to tender your Securities, you may call D.F. King & Co., Inc., toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to [email protected]. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This announcement contains forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Cogna and Vasta resulting from and following the implementation of the transaction described herein. These statements are based on management’s current expectations and are inherently subject to risks, uncertainties and changes in circumstance, including the satisfaction of closing conditions for the transaction, including regulatory approval, and the possibility that the transaction will not be completed. None of Cogna or Vasta undertake any obligations to update the forward-looking statements to reflect actual results, or any change in events, conditions, assumptions or other factors. ADDITIONAL INFORMATION REGARDING THE OFFER AND WHERE TO FIND THEM This press release is for informational purposes only. This press release is not a recommendation to buy or sell Class A common shares or any other securities of Vasta, and it is neither an offer to purchase nor a solicitation of an offer to sell Class A common shares or any other securities of Vasta. Cogna has filed the tender offer statement on Schedule TO, including the Offer to Purchase, the related letter of transmittal and other related materials, with the SEC on September 17, and subsequently amended it on September 24, 2025 and October 16, 2025. Shareholders should read carefully these materials (including the Offer to Purchase, the related letter of transmittal and other related materials) because they contain important information, including the various terms of, and conditions to, the Offer. Shareholders will be able to obtain a free copy of the tender offer statement on Schedule TO, the Offer to Purchase, the related letter of transmittal and other related materials that Cogna has filed with the SEC at the SEC’s website at www.sec.gov. In addition, free copies of these documents may be obtained by contacting D.F. King & Co., Inc., the information agent for the Offer, toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to [email protected]. |
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2025-10-28 23:48
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Astera Labs Is Well Embedded In The Future Of AI Infrastructure | stocknewsapi |
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Astera Labs is a critical AI infrastructure enabler, providing essential connectivity chips for data centers powering next-generation AI workloads. ALAB's multi-product suite — Aries, Taurus, Scorpio, and Leo — positions it for explosive growth as AI data center spending and hyperscaler capex surge. Recent design wins, ecosystem partnerships, and new product ramps in H2 2025 are set to drive a major revenue and earnings inflection.
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PAXS: Solid Performance But Limited Growth Potential | stocknewsapi |
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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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2025-10-29 05:10
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2025-10-29 00:04
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Microsoft CEO Satya Nadella says Bill Gates warned him that investing in OpenAI would be like setting $1 billion on fire | stocknewsapi |
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By
Kwan Wei Kevin Tan You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. "Remember this was a nonprofit, and I think Bill even said, 'Yeah, you're going to burn this billion dollars,'" Satya Nadella said of Microsoft's $1 billion investment into OpenAI in 2019. Jason Redmond/AFP via Getty Images 2025-10-29T04:04:15Z Microsoft made its first investment of $1 billion in OpenAI back in 2019. The company went on to invest over $13 billion in the ChatGPT maker. Microsoft CEO Satya Nadella said Bill Gates was initially wary of investing in OpenAI. Microsoft's early investments in OpenAI may seem like a no-brainer today, but Satya Nadella says the company and its founder, Bill Gates, saw the decision as a risk back then. Microsoft invested $1 billion in OpenAI in 2019, less than four years after its founding. The company has since invested over $13 billion in the ChatGPT maker. But getting that first investment deal across the finish line wasn't that straightforward, Nadella said in an interview with "TPBN," a tech-focused YouTube show, on Tuesday. "Even at Microsoft, you kind of got to have to get a board approval to just go throw a billion dollars out there," Nadella said."But I must say it was not that hard to convince anyone that this is an important area and it's going to be risky." "In retrospect, who would have thought? I didn't put in a billion dollars saying, 'Oh yeah, this is going to be a hundred bagger,'" he continued. Nadella told TBPN that Gates was also wary when he wanted to invest in OpenAI back in 2019. "Remember this was a nonprofit, and I think Bill even said, 'Yeah, you're going to burn this billion dollars,'" Nadella said. "We kind of had a little bit of high risk tolerance, and we said we want to go and give this a shot," he added. Representatives for Nadella and Gates at Microsoft did not respond to a request for comment from Business Insider. OpenAI has come a long way since Microsoft took its first bet on it. The AI startup became a household name in November 2022 after it released an early demo of ChatGPT. The chatbot went viral on social media and added a million users within five days. Sam Altman, the CEO of OpenAI, said at the company's annual DevDay conference on October 6 that "more than 800 million people use ChatGPT every week." On Tuesday, OpenAI announced that it had completed its restructuring. Its nonprofit arm, OpenAI Foundation, will now oversee a new public benefit corporation, OpenAI Group PBC. With the changes, Microsoft holds a 27% stake, valued at about $135 billion, in OpenAI's for-profit business. Microsoft's shares are up nearly 29% year to date. Microsoft Bill Gates OpenAI More Read next |
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Intel: Strategic Initiatives And Balance Sheet Improvements Support Upside Potential | stocknewsapi |
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of INTC, NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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2025-10-29 05:10
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2025-10-29 00:30
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Phoenix Group Delivers Strong Q3 Results with Rising Revenue and Ongoing Expansion across Key Markets | stocknewsapi |
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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--An IHC portfolio company and a global leader in blockchain and digital asset infrastructure, today announced its Q3 2025 results, highlighting revenue growth, improved efficiency, and accelerated progress on its global expansion and AI transition.
Q3 2025 Highlights Revenue rose 10% QoQ to $32 million, driven by a 6% increase in self-mining activity. Adjusted EBITDA grew 154% to $960,000, supported by stronger market prices and improved energy efficiency. Self-mining margins expanded to 46%, up from 31% in Q2. 305.5 BTC mined in Q3, including 194.9 BTC from self-mining operations. Operational treasury now holds 682 BTC and over 642,000 SOL tokens as of September 30, 2025 Active recruitment of AI specialists and upskilling of existing teams to prepare for future compute and AI operations. Global expansion continues, with new sites under negotiation across the U.S. and other key regions. Phoenix maintained a steady hashrate contribution of 10.8 EH/s to the global Bitcoin network during Q3, navigating a 17% rise in global difficulty and scheduled power curtailments at its Citadel facility. New capacity of 62 MW in Ethiopia and 44 MW in North America is set to drive further growth in Q4, with an additional 90 MW expected to come online in 2026. The company’s total self-mining hash rate is projected to reach approximately 13 EH/s by Q1 2026. During the quarter, Phoenix mined a total of 305.5 BTC, of which 194.9 BTC came from self-mining operations. The company sold 100 BTC during the period to fund growth and expansion activities, ending the quarter with an operational treasury of 682 BTC and over 642,000 SOL. This active treasury management underscores Phoenix’s disciplined approach to balancing growth, liquidity, and long-term value creation. Munaf Ali, Co-Founder and Group CEO of Phoenix Group, said: “Q3 has been a pivotal quarter for us, one that not only reflects our operational strength but also sets the stage for Phoenix’s next phase of growth. As we move into Q4 and beyond, our focus is on scaling toward 1 GW of capacity and advancing our entry into AI and high-performance compute. The infrastructure we’ve built over the years is now evolving into a global platform where intelligent energy drives innovation and turns power into progress.” Additionally, the company recorded a one-time, non-cash impairment of $48.5 million associated with the strategic reallocation of its South Carolina operations. The move is part of an ongoing optimization plan to focus resources on higher-yielding, energy-efficient sites worldwide, improving overall margins and freeing up capital for future high-return projects. Phoenix is also advancing its expansion pipeline, with negotiations underway for multiple new sites across the U.S. and other regions, representing a future capacity addition of around 200 MW. At the same time, the company is leveraging its existing infrastructure to host AI and HPC workloads, aligning its operations with the surging global demand for compute power. To support this evolution, Phoenix is investing in people, recruiting AI specialists and upskilling internal teams to strengthen technical expertise and operational readiness. About Phoenix Group Phoenix Group PLC, an IHC Portfolio Company, is a multi-billion-dollar global technology leader headquartered in Abu Dhabi, UAE. As a top 10 Bitcoin miner globally, it drives digital asset adoption through innovation, sustainability, and excellence. It operates facilities in the UAE, U.S., Canada, Oman, and Ethiopia with over 500 megawatts capacity, and is the region's first crypto conglomerate listed on ADX, running MENA's largest mining farm. Source: AETOSWire |
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Starbucks' Overhaul Is in the Works. Earnings Will Show Turnarounds Take Time. | stocknewsapi |
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The company's fiscal fourth-quarter results will likely reflect how softer economic conditions have prompted customers to pull back.
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Amazon Web Services Plans Additional $5 Billion AI Investment in South Korea | stocknewsapi |
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Amazon's cloud-computing arm plans to invest an additional $5 billion in South Korea over the next six years to build new artificial-intelligence data centers in the country.
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Grupo Bimbo, S.A.B. de C.V. (BMBOY) Q3 2025 Earnings Call Transcript | stocknewsapi |
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Grupo Bimbo, S.A.B. de C.V. (OTCQX:BMBOY) Q3 2025 Earnings Call October 28, 2025 6:00 PM EDT
Company Participants Rafael Pamias Romero - Chief Executive Officer Diego Cuevas - Chief Financial Officer Mark Bendix Conference Call Participants Alejandro Fuchs - Itaú Corretora de Valores S.A., Research Division Ricardo Alves - Morgan Stanley, Research Division Renata Fonseca Cabral Sturani - Citigroup Inc., Research Division Antonio Hernandez - Actinver Casa de Bolsa, S.A. de C.V., Research Division Lucas Ferreira - JPMorgan Chase & Co, Research Division Benjamin Theurer - Barclays Bank PLC, Research Division Alvaro Garcia - Banco BTG Pactual S.A., Research Division Fernando Olvera Espinosa de los Monteros - BofA Securities, Research Division Felipe Ucros Nunez - Scotiabank Global Banking and Markets, Research Division Presentation Operator Good day, and welcome to Grupo Bimbo's Third Quarter 2025 Earnings Results Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Rafael Pamias, CEO. Please go ahead. Rafael Pamias Romero Chief Executive Officer Good afternoon, everyone. Thank you for joining us. Connected on the line today are our CFO, Diego Gaxiola; and Executive Vice President, Mark Bendix, along with several members of our finance team. During the third quarter, we delivered growth in both sales and EBITDA and saw improved sequential volume trends, driven primarily by disciplined pricing strategies, strong geographical diversification and material operational efficiencies. At the same time, we continue to demonstrate the resilience and breadth of our portfolio by gaining or maintaining market share in 5 out of our 6 categories. In North America, we posted very solid results with 3 quarters in a row with sequential margin improvements. In fact, we went back to double-digit EBITDA margin due to the excellent work of our associates throughout the transformation program. Overall, this performance underscores our ability to maintain profitability and Recommended For You |
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UnitedHealth: Strong Long-Term Fundamentals, But Risks Also Exist | stocknewsapi |
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of UNH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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2025-10-29 05:10
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Beyond Downtown: Wheaton, IL's Balanced Lifestyle Highlighted by Real Estate Expert Lance Kammes in HelloNation | stocknewsapi |
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WHEATON, Ill., Oct. 29, 2025 (GLOBE NEWSWIRE) -- What makes Wheaton, IL, such a desirable place to live beyond its well-known downtown district? According to a HelloNation article, real estate expert Lance Kammes of The Lance Kammes Team explains that Wheaton’s lifestyle extends far beyond its central hub. The town’s charm lies not only in its downtown attractions but also in the rich network of green space, Wheaton neighborhoods, and recreational amenities that make the entire community livable in every direction.
The article begins by acknowledging that downtown Wheaton often captures the spotlight. Its restaurants, boutiques, and seasonal events make it a lively centerpiece of local culture. Yet, Kammes emphasizes that the broader community defines Wheaton’s appeal. Just a few minutes from downtown, residents find natural areas, trails, and parklands that shape a relaxed and active lifestyle year-round. One of the town’s defining features is its accessibility to nature. The Illinois Prairie Path, which runs directly through Wheaton, offers miles of scenic routes for walking, running, or cycling. Nearby forest preserves such as Herrick Lake and Danada provide opportunities for hiking, birdwatching, and cross-country skiing. These outdoor spaces contribute to a balanced lifestyle, where recreation is always close to home. The HelloNation article highlights that Wheaton neighborhoods are thoughtfully designed to integrate both community and calm. Quiet cul-de-sacs, tree-lined avenues, and family-friendly playgrounds are common throughout town. Golf courses and public parks blend seamlessly into residential areas, ensuring that green space is never far away. Kammes explains that this design encourages daily interaction with nature, fostering a sense of well-being and connection among residents. Beyond its recreational amenities, Wheaton’s overall layout creates a natural rhythm of life. Busy streets near schools, train stations, and local businesses gradually give way to quiet, residential enclaves. This balance allows residents to enjoy the vibrancy of civic life and retreat into peaceful surroundings within minutes. The ease of transition between activity and relaxation is a defining part of the Wheaton lifestyle. Kammes points out that Wheaton’s appeal extends well beyond its geography. It is a community that values both engagement and tranquility. The energy of downtown complements the town’s suburban comfort, creating a complete living experience. This diversity of pace and setting helps Wheaton stand apart from neighboring towns that may center their identity on a single district or attraction. The article also notes that Wheaton’s green space and recreational amenities strengthen its sense of community. Parks host local sports leagues, neighborhood picnics, and family gatherings throughout the year. Trails connect residents to multiple parts of town, encouraging outdoor activity and social interaction. These features make Wheaton a place where outdoor living is not limited to weekends but woven into everyday life. For those considering a move, Kammes suggests looking beyond downtown to appreciate Wheaton as a whole. Each neighborhood offers something distinct, from proximity to schools and parks to access to trails and preserved natural areas. Whether residents value an active lifestyle or a quiet retreat, they can find both within the same community. The HelloNation feature concludes that Wheaton’s true strength lies in its range. The town does not rely solely on its downtown charm but spreads its appeal across a balance of recreation, education, and connectivity. Kammes notes that this harmony makes Wheaton not only an attractive real estate market but also a genuinely fulfilling place to live. The result is a community that thrives equally in its center and its surrounding neighborhoods. The article, Wheaton’s Lifestyle Goes Beyond Downtown, features insights from Lance Kammes of The Lance Kammes Team, in HelloNation. About HelloNation HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities. Patrick McCabe [email protected] www.hellonation.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d97a5300-b79b-4424-942f-e50e034c24b0 |
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2025-10-29 05:10
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Skyline Builders Group Holding Ltd. Announces Pricing of $23.9 Million Private Placement | stocknewsapi |
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Hong Kong, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the “Company”), a civil engineering services provider in Hong Kong, today announced that it has entered into a definitive securities purchase agreement dated October 28, 2025 with certain accredited investors in a brokered private placement on a best-efforts basis for the sale and issuance (the “Offering”) of 17,370,909 Class A ordinary shares, par value $0.00001 per share (each, a “Class A Ordinary Share”) (and/or prefunded warrants to purchase Class A Ordinary Shares (the “Prefunded Warrants”) in lieu of Class A Ordinary Shares), together with Class A Ordinary Share Purchase Warrants to purchase up to 17,370,909 Class A Ordinary Shares (the “Ordinary Warrants ”) at a purchase price for a combination of one Class A Ordinary Share and one Ordinary Warrant of $1.375 and a purchase price for a combination of one Prefunded Warrant and one Ordinary Warrant of $1.37499, , for a combined aggregate gross proceeds of approximately $23,885,000, before deducting placement agent fees and other offering expenses payable by the Company.
Each Prefunded Warrant will be immediately exercisable upon issuance and will entitle the holder to acquire one Class A Ordinary Share at an exercise price of $0.0001 per share. Each Ordinary Warrant will be immediately exercisable and will entitle the holder to acquire one Class A Ordinary Share at an exercise price of $1.50 per share until the fifth anniversary of the date of issuance. The Offering is expected to close on or about October 30, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from the sale of the securities hereunder for general working capital and other general corporate purposes. Dominari Securities LLC, Revere Securities LLC and Pacific Century Securities (the “Placement Agents”) are acting as co-placement agents for the Offering. The securities to be issued and sold by the Company in the Offering have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or state securities laws and may not be offered or sold in the United States absent registration under the Securities Act of 1933, as amended (the “Securities Act”) or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the Class A Ordinary Shares and the shares issuable upon the exercise of the Pre-funded Warrants and Ordinary Warrants as well as as warrants to be issued at the closing of the Offering to the Placement Agents included as part of their compensation in connection with the Offering. Any resale of the Company’s shares under such resale registration statement will be made only by means of a prospectus or pursuant to an exemption from the Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities will not be registered under the Securities Act or any state securities laws when issued at the closing of the private placement, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws. About Skyline Builders Group Holding Limited Skyline Builders Group Holding Limited (NASDAQ: SKBL) operates as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. Its construction activities mainly include public civil engineering works, such as road and drainage works, in Hong Kong. It mostly undertakes civil engineering works in the role of subcontractor, while it is also fully qualified to undertake such works in the capacity of main contractor. The Company’s public sector projects mainly involve infrastructure developments while private sector projects mainly involved residential and commercial developments. Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements include statements regarding the proposed Share Consolidation, the Company’s ability to grow its business, and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or other similar expressions. These risks and uncertainties include, among others, the risk that the closing of the private placement may be delayed or may not occur at all, as well as those described in the Company’s other filings with the U.S. Securities and Exchange Commission (the “SEC”). The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC. For more information, please contact: Skyline Builders Group Holding Limited Investor Relations Department Email: [email protected] |
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As Chinese Economy Recovers, Qfin Holdings Looks Shockingly Cheap | stocknewsapi |
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SummaryQfin Holdings stands out as a leading Chinese fintech, boasting strong financials and a robust current ratio despite macroeconomic headwinds.QFIN trades at a deep value, with a forward P/E of 3.7 and sector-beating earnings growth, making it an attractive contrarian pick.Shareholder returns are rising, with a 5.4% dividend yield and an active share repurchase program, supported by ample cash reserves.I rate QFIN a strong buy, given its resilient earnings, low default rates, and potential upside as China's consumer economy matures. MoMo Productions/DigitalVision via Getty Images
Fintech companies are an interesting breed. They tap into consumer finance in ways that historically required a huge footprint. These companies are now able to move huge amounts of money more easily and without the “bank branch Analyst’s Disclosure:I/we have a beneficial long position in the shares of QFIN either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Recommended For You |
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Trump says may speak to China's Xi about Nvidia's 'super-duper' Blackwell chip | stocknewsapi |
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Nvidia GB10 Grace Blackwell Superchip is displayed at the company's GTC conference in San Jose, California, U.S., March 19, 2025. REUTERS/Max A. Cherney Purchase Licensing Rights, opens new tab
ABOARD AIR FORCE ONE, Oct 29 (Reuters) - U.S. President Donald Trump said on Wednesday he will speak to Chinese President Xi Jinping about Nvidia's (NVDA.O), opens new tab state-of-the-art Blackwell artificial intelligence chip at their expected meeting on Thursday. Sales of the U.S. firm's high-end AI chips to China have been a key sticking point in protracted trade talks between the world's two largest economies this year. Sign up here. Beijing has long been irked by Washington's export controls that ban Nvidia from selling its most advanced AI chips to China. The U.S. has justified these restrictions by alleging the Chinese military would use the chips to increase its capabilities. Speaking to reporters aboard Air Force One en route to Gyeongju, South Korea, Trump praised Nvidia's Blackwell as the "super-duper chip" and said he might speak to Xi about them, without elaborating. "I think we may be talking about that with President Xi," Trump said, adding he was "very optimistic" about his meeting with Xi, the first since he returned to the White House. Reuters in May reported that Nvidia was preparing a new chip for China that was a scaled-down variant of its most recent state-of-the-art AI Blackwell chips at a significantly lower cost. Nvidia CEO Jesen Huang said on Tuesday his company had not applied for U.S. export licenses to send its newest chips to China because of the Chinese position. "They've made it very clear that they don't want Nvidia to be there right now," he said at a news conference during the company's developers event, adding it needs access to the China market to fund U.S.-based research and development. "I hope that will change in the future because I think China is a very important market." U.S. administrations have swung back and forth on allowing Nvidia's advanced chips into China, vacillating on whether access would make China more dependent on the U.S. technology or give its military and tech companies a competitive boost. Beijing has put pressure on Chinese firms to buy and further develop domestic chips in response to U.S. export controls targeting the sale of Nvidia chips to China. Despite that pressure, Chinese developers still want Nvidia's chips due to constrained supplies of products from domestic rivals such as Huawei, Reuters has previously reported. Reporting by Trevor Hunnicutt; Writing by Eduardo Baptista; Editing by Miyoung Kim and Stephen Coates Our Standards: The Thomson Reuters Trust Principles., opens new tab |
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2025-10-29 05:10
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2025-10-29 00:56
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Zoom: Little To No Existential Risk From Agentic AI | stocknewsapi |
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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. |
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2025-10-29 05:10
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2025-10-29 01:00
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LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Savara Inc. | stocknewsapi |
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, /PRNewswire/ -- A securities fraud class action lawsuit against Savara Inc. (NASDAQ: SVRA) is pending. The lawsuit was filed by Pomerantz LLP. A previous press release stated incorrectly that Levi & Korsinsky filed the case. This press release makes that correction. There are no other changes. If you suffered a loss on your investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:
https://zlk.com/pslra-1/savara-inc-lawsuit-submission-form or contact Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed against Savara Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between March 4, 2024 and May 23, 2025. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) MOLBREEVI BLA, the treatment of pulmonary alveolar proteinosis, lacked sufficient information regarding MOLBREEVI's chemistry, manufacturing, and/or controls; (ii) accordingly, FDA was unlikely to approve the MOLBREEVI BLA in its current form; (iii) foregoing made it unlikely that Savara would complete its submission of the MOLBREEVI BLA within the timeframe it had represented to investors; (iv) delay in MOLBREEVI's regulatory approval increased the likelihood that the Company would need to raise additional capital; and (v) as a result, defendants' public statements were materially false and misleading at all relevant times. WHAT'S NEXT? If you suffered a loss in Savara Inc. stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/savara-inc-lawsuit-submission-form to learn about your rights to seek a recovery. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 27th Floor New York, NY 10004 [email protected] Tel: (212) 363-7500 Fax: (212) 363-7171 https://zlk.com/ SOURCE Levi & Korsinsky, LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In |
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2025-10-29 05:10
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2025-10-29 01:00
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LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against RCI Hospitality Holdings, Inc. | stocknewsapi |
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, /PRNewswire/ -- A securities fraud class action lawsuit against RCI Hospitality Holdings, Inc. (NASDAQ: RICK) is pending. The lawsuit was filed by The Rosen Law Firm, P.A. A previous press release stated incorrectly that Levi & Korsinsky filed the case. This press release makes that correction. There are no other changes. If you suffered a loss on your investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:
https://zlk.com/pslra-1/rci-hospitality-holdings-inc-lawsuit-submission-form or contact Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed against RCI Hospitality Holdings, Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between December 15, 2021 and September 16, 2025. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) defendants engaged in tax fraud; (2) defendants committed bribery to cover up the fact that they committed tax fraud; (3) as a result, defendants understated the legal risk facing the Company; and (4) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. WHAT'S NEXT? If you suffered a loss in RCI Hospitality Holdings, Inc. stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/rci-hospitality-holdings-inc-lawsuit-submission-form to learn about your rights to seek a recovery. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 27th Floor New York, NY 10004 [email protected] Tel: (212) 363-7500 Fax: (212) 363-7171 https://zlk.com/ SOURCE Levi & Korsinsky, LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In |
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2025-10-29 05:10
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2025-10-29 01:00
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LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Fortinet, Inc. | stocknewsapi |
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, /PRNewswire/ -- A securities fraud class action lawsuit against Fortinet, Inc. (NASDAQ: FTNT) is pending. The lawsuit was filed by Bleichmar Fonti & Auld LLP. A previous press release stated incorrectly that Levi & Korsinsky filed the case. This press release makes that correction. There are no other changes. If you suffered a loss on your investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:
https://zlk.com/pslra-1/fortinet-inc-lawsuit-submission-form or contact Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed against Fortinet, Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between November 8, 2024 through August 6, 2025. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that defendants knew that the refresh cycle would never be as lucrative as they represented, nor could it, because it consisted of old products that were a "small percentage" of the Company's business. Moreover, defendants misrepresented and concealed that they did not have a clear picture of the true number of FortiGate firewalls that could be upgraded. And while telling investors that the refresh would gain momentum over the course of two years, Fortinet misrepresented and concealed that it had aggressively pushed through roughly half of the refresh in a period of months, by the end of 2Q 2025. WHAT'S NEXT? If you suffered a loss in Fortinet, Inc. stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/fortinet-inc-lawsuit-submission-form to learn about your rights to seek a recovery. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 27th Floor New York, NY 10004 [email protected] Tel: (212) 363-7500 Fax: (212) 363-7171 https://zlk.com/ SOURCE Levi & Korsinsky, LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In |
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2025-10-29 05:10
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2025-10-29 01:00
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LEVI & KORSINSKY ISSUES CORRECTION: Securities Fraud Class Action Against Fluor Corporation | stocknewsapi |
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, /PRNewswire/ -- A securities fraud class action lawsuit against Fluor Corporation (NYSE: FLR) is pending. The lawsuit was filed by Pomerantz LLP. A previous press release stated incorrectly that Levi & Korsinsky filed the case. This press release makes that correction. There are no other changes. If you suffered a loss on your investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:
https://zlk.com/pslra-1/fluor-corporation-lawsuit-submission-form or contact Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500 to speak to our team of experienced shareholder advocates. THE LAWSUIT: A class action securities lawsuit was filed against Fluor Corporation that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between February 18, 2025 and July 31, 2025. CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) costs associated with the Company's infrastructure projects; Gordie Howe, I-635/LBJ, and I-35 were growing because of, inter alia, subcontractor design errors, price increases, and scheduling delays; (ii) the foregoing, as well as customer reduction in capital spending and client hesitation around economic uncertainty, was having, or was likely to have, a significant negative impact on the Company's business and financial results; (iii) accordingly, Fluor's financial guidance for FY 2025 was unreliable and/or unrealistic, the effectiveness of the Company's risk mitigation strategy was overstated, and the impact of economic uncertainty on the Company's business and financial results was understated; and (iv) as a result, defendants' public statements were materially false and misleading at all relevant times. WHAT'S NEXT? If you suffered a loss in Fluor Corporation stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/fluor-corporation-lawsuit-submission-form to learn about your rights to seek a recovery. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 27th Floor New York, NY 10004 [email protected] Tel: (212) 363-7500 Fax: (212) 363-7171 https://zlk.com/ SOURCE Levi & Korsinsky, LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In |
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