Track market-moving stories before they get noisy

National Fuel’s Integrated Upstream and Gathering business (“IUG”) will become an independent public company focused solely on its highly integrated, Appalachian upstream and gathering natural gas assets.Post-separation, National Fuel will be a 100% rate-regulated natural gas company with utility as well as interstate pipeline and storage assets across Ohio, New York, and Pennsylvania.The separation is expected to be completed in the second half of 2027 and effected through a tax-free distribution of at least 80.1% of IUG shares to National Fuel shareholders.The Company will host a conference call to discuss the planned separation on October 14, 2026 at 9:00 a.m. ET. WILLIAMSVILLE, N.Y., Oct. 14, 2026 (GLOBE NEWSWIRE) -- National Fuel Gas Company (NYSE: NFG) (“National Fuel” or the “Company”) today announced its Board of Directors approved a plan to separate the Company into two independent, publicly traded companies through a tax-free spin-off of the Company’s Integrated Upstream and Gathering business. Upon completion of the transaction, National Fuel shareholders will own shares in both National Fuel and IUG.

As independent, focused entities, each publicly traded company will have significant scale and a strong financial profile, positioning each to deliver long-term growth and sustainable value creation for investors, customers, and employees. The stand-alone businesses are expected to benefit from:

Greater capital allocation flexibility to pursue each company’s distinct growth opportunities and shareholder return priorities, supported by highly experienced leadership teams, strong balance sheets, and more tailored capital structures.Preserving the key benefits of integration that each business realizes today, including the capital efficiencies provided by IUG’s integrated upstream and gathering operations, and critical operating synergies that support customer affordability and commercial benefits across National Fuel’s regulated businesses.Clearer, more compelling equity stories that increase visibility among investors and research analysts and align each public company with its natural investor base. “Our integrated business model has provided us significant benefits for many years, including the financial capacity and cash flow generation to support transformative acquisitions and strategic investments across the Company. Following the recent closing of our Ohio gas utility acquisition, each business is now a scaled platform, and post-separation, is expected to have the financial strength to best capitalize on the long-term growth opportunities as independent companies,” said David P. Bauer, President and Chief Executive Officer of National Fuel.

“After a thorough review, we believe now is the right time to take the next step in National Fuel’s evolution, with the tax-free separation of IUG positioning the two standalone businesses to build on their strong foundations and pursue the significant opportunities we see across the natural gas value chain.”

National Fuel: 100% regulated natural gas platform, with highly strategic, growing integrated utility and interstate pipeline and storage assets in constructive regulatory jurisdictions

Post-separation, National Fuel will be a fully regulated natural gas business with nearly $5 billion of rate base. National Fuel’s natural gas utilities serve 1.1 million customers across Ohio, New York and Pennsylvania, and its FERC-regulated pipeline and storage business will provide nearly 5 Bcf per day of contracted natural gas transportation capacity and 77 Bcf of fully contracted natural gas storage services.

Today, National Fuel operates across constructive regulatory jurisdictions, with significant long-term investment opportunities that are underpinned by ongoing infrastructure modernization programs in each jurisdiction. Additionally, increased natural gas demand, including data center and power generation needs within our operating footprint, is accelerating the need for new pipeline and storage infrastructure. Together, the importance of continually investing in safety and reliability, along with meeting increasing regional demand for natural gas, is driving a strong outlook for growth across these businesses.

National Fuel will continue to benefit from maintaining key operating synergies across its utility and FERC-regulated businesses. From a financial perspective, this business is expected to maintain a strong balance sheet, targeting investment grade credit metrics expected to be in line with some of the strongest in the utility sector, with no expected need to raise incremental equity capital over the next five years based on current capital plans. This will provide the company with significant financial flexibility to execute on its long-term growth opportunities. In addition, National Fuel plans to maintain a capital return policy consistent with utility peers.

The existing management teams at both the Utility and Pipeline and Storage businesses are also expected to remain in place, including David P. Bauer as President and Chief Executive Officer, and Timothy J. Silverstein as Treasurer and Chief Financial Officer. This provides National Fuel with the continuity of a highly experienced senior leadership team that has a proven track record of operating safely, maintaining strong regulatory relationships, and executing on its financial plans, all while maintaining customer rates among the lowest in its operating jurisdictions.

Taken together, these attributes are expected to provide National Fuel investors with a compelling risk-adjusted return proposition, underpinned by attractive, predictable growth, and stable cash flows which support a strong financial foundation.

Integrated Upstream and Gathering: A premier, integrated Appalachian natural gas business with high-quality assets, and top-tier inventory depth and capital efficiency trends

Post-separation, IUG will be a leading integrated, low-cost upstream natural gas business, with approximately 1.2 million total net acres in Appalachia and approximately 1.1 Bcf per day of net natural gas production. IUG's wholly owned gathering assets transport the vast majority of its production, creating a durable competitive advantage through lower costs, greater operating control, and enhanced capital efficiency. With approximately 5 Tcf of proved natural gas reserves, and more than 25 years of development inventory at very low breakeven prices, IUG is well positioned to build upon its top-tier capital efficiency trends and create long-term value through disciplined capital allocation.

Since transitioning its development program to its Eastern Development Area in 2023, IUG has delivered capital efficiency improvements of approximately 25%, enabling IUG to generate increased production and free cash flow per dollar invested. Combined with its integrated gathering platform and portfolio of firm transportation capacity that provides access to premium markets, IUG is expected to maintain a highly-competitive cash operating cost structure with market access advantages that support high cash margins and long-term value creation.

As an independent entity, IUG is expected to have a strong balance sheet, providing the flexibility to optimize capital allocation, efficiently develop its premier drilling inventory, and pursue targeted growth opportunities. IUG will continue to be led by its current team, including Seneca Resources and NFG Midstream President, Justin I. Loweth, who will become Chief Executive Officer of the new company. Maintaining the continuity of the experienced IUG leadership team will further enhance the company’s ability to deliver on its history of operational excellence. The combination of a more focused business model, an experienced management team, and a high-quality resource base positions IUG to execute its strategy from day one as an independent company.

Transaction Details

National Fuel intends to separate IUG through a pro rata distribution of shares of IUG to National Fuel shareholders in a manner that is intended to be tax-free for National Fuel and its shareholders for U.S. federal income tax purposes. National Fuel expects to retain an ownership stake of up to 19.9% in IUG after the completion of the spin-off, which it intends to dispose of in a tax-efficient manner to further strengthen its investment grade balance sheet.

National Fuel expects to complete the separation during the second half of calendar year 2027, subject to customary conditions, including the filing and effectiveness of applicable filings (including a Form 10 registration statement) with the Securities and Exchange Commission, the completion of financing arrangements, and final approval by National Fuel’s Board of Directors.

The Company intends to provide formal guidance for fiscal 2027 in connection with its fourth quarter earnings release in November 2026. IUG will continue to be included in National Fuel’s consolidated financial results until the separation is completed.

Advisors

Goldman Sachs & Co. LLC is serving as financial advisor, and Veriten LLC served as independent strategic advisor. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel.

Conference Call Details

A conference call to discuss the separation will be held on Wednesday, October 14, 2026, at 9:00 a.m. ET. All participants must pre-register to join this conference using the Participant Registration link.

A webcast link to the conference will be provided under the Events Calendar on the NFG Investor Relations website at investor.nationalfuelgas.com.

A replay will be available following the call through the end of the day, Wednesday, October 21, 2026. To access the replay, dial 1-833-309-1852 and provide Access Code 661718761.

An investor presentation regarding the planned separation has been posted on the NFG Investor Relations website at investor.nationalfuelgas.com.

About National Fuel Gas Company
National Fuel is a diversified energy company headquartered in Western New York that currently operates an integrated collection of natural gas assets across three operating segments: Integrated Upstream and Gathering, Pipeline and Storage, and Utility. Additional information about National Fuel is available at www.nationalfuel.com.

Cautionary Statements
Certain statements contained herein, including statements identified by the use of the words “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “guidance,” “intends,” “may,” “might,” “outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “targets,” “will,” “would”, and variations of such words and similar future or conditional expressions, and statements which are other than statements of historical facts, are intended to identify “forward-looking statements” as defined under U.S. federal securities laws, including, but not limited to, statements, estimates, and projections relating to the potential separation of the Company into two companies (the “Separation”), including the timing and structure of the Separation, the characteristics of the separated businesses, and the expected benefits of the Separation, future operating and financial performance and long-term strategy, and the assumptions underlying such expected benefits, targets, strategies, and statements. These forward-looking statements are based on management’s beliefs, expectations, estimates, and projections at the time they are made and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. The Company’s expectations, beliefs, and projections contained herein are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that such expectations, beliefs, or projections will result or be achieved or accomplished. There can be no guarantees with respect to whether the Separation will be completed. In addition to other factors, the following are among the important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: the ability to effect the Separation and to meet the conditions related thereto; the ability to obtain any consents or approvals required to complete the Separation; the ability of the separated companies to each succeed as standalone publicly traded companies; negative effects of the announcement or pendency of the Separation on the market price of the Company’s securities and/or on the Company’s financial performance; the possibility that the Separation will not achieve its intended benefits; the possibility of disruption, including disputes, litigation, or unanticipated costs in connection with the Separation; the impact of the Separation on the Company’s businesses and the risk that the Separation may be more difficult, time-consuming, or costly than expected, including the impact on the Company’s resources, systems, procedures, and controls, diversion of management’s attention, and the impact and possible disruption of existing relationships with regulators, customers, suppliers, employees, and other business counterparties; the ability to achieve anticipated capital structures in connection with the Separation; the ability to achieve anticipated credit ratings in connection with the Separation; the ability to achieve anticipated tax treatments in connection with the Separation and future, if any, divestitures, mergers, acquisitions, and other portfolio changes, and the impact of changes in relevant tax and other laws and regulations; changes in laws, regulations, or judicial interpretations to which the Company is subject, including those involving derivatives, taxes, safety, employment, climate change, other environmental matters, real property, and exploration and production activities such as hydraulic fracturing; governmental/regulatory actions, initiatives, and proceedings, including those involving rate cases (which address, among other things, target rates of return, rate design, retained natural gas, and system modernization), environmental/safety requirements, affiliate relationships, industry structure, and franchise renewal; changes in economic conditions, including the imposition of additional tariffs on U.S. imports and related retaliatory tariffs, inflationary pressures, supply chain issues, liquidity challenges, and global, national, or regional recessions, and their effect on the demand for, and customers’ ability to pay for, the Company’s products and services; the Company’s ability to complete strategic transactions, and to recognize the anticipated benefits of such transactions; governmental/regulatory actions and/or market pressures to reduce or eliminate reliance on natural gas; the Company’s ability to estimate accurately the time and resources necessary to meet emissions targets; changes in the price of natural gas; impairments under the SEC’s full cost ceiling test for natural gas reserves; the creditworthiness or performance of the Company’s key suppliers, customers, and counterparties; financial and economic conditions, including the availability of credit, and occurrences affecting the Company’s ability to obtain financing on acceptable terms for working capital, capital expenditures, other investments, and acquisitions, including any downgrades in the Company’s credit ratings and changes in interest rates and other capital market conditions; negotiations with the collective bargaining units representing the Company’s workforce, including potential work stoppages during negotiations; changes in price differentials between similar quantities of natural gas sold at different geographic locations, and the effect of such changes on commodity production, revenues, and demand for pipeline transportation capacity to or from such locations; the impact of information technology disruptions, cybersecurity, or data security breaches, including the impact of issues that may arise from the use of artificial intelligence technologies; factors affecting the Company’s ability to successfully identify, drill for, and produce economically viable natural gas reserves, including, among others, geology, lease availability and costs, title disputes, weather conditions, water availability and disposal or recycling opportunities of used water, shortages, delays, or unavailability of equipment and services required in drilling operations, insufficient gathering, processing, and transportation capacity, the need to obtain governmental approvals and permits, and compliance with environmental laws and regulations; increased costs, delays, or changes in plans with respect to Company projects or related projects of other companies, as well as difficulties or delays in obtaining necessary governmental approvals, permits or orders or in obtaining the cooperation of interconnecting facility operators; increasing health care costs and the resulting effect on health insurance premiums and on the obligation to provide other post-retirement benefits; other changes in price differentials between similar quantities of natural gas having different quality, heating value, hydrocarbon mix or delivery date; the cost and effects of legal and administrative claims against the Company or activist shareholder campaigns to effect changes at the Company; uncertainty of natural gas reserve estimates; significant differences between the Company’s projected and actual production levels for natural gas; changes in demographic patterns and weather conditions, including those related to climate change; changes in the availability, price, or accounting treatment of derivative financial instruments; changes in laws, actuarial assumptions, the interest rate environment, and the return on plan/trust assets related to the Company’s pension and other post-retirement benefits, which can affect future funding obligations and costs and plan liabilities; economic disruptions or uninsured losses resulting from major accidents, fires, severe weather, natural disasters, terrorist activities, or acts of war, as well as economic and operational disruptions due to third-party outages; significant differences between the Company’s projected and actual capital expenditures and operating expenses; increasing costs of insurance, changes in coverage, and the ability to obtain insurance; other factors described in the risk factors set forth in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recently filed Annual Report on Form 10-K and subsequent Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation, and disclaims any duty, to update, revise, or withdraw any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable law or regulation.

Media Contact: Karen Merkel | 716-857-7654
Analyst Contact: Ryan Vossler | 716-857-7158

Source: Binance EN

This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-10-19 01:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the IoTeX (IOTX) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 53,533,081, or approximately at 2026-10-19 02:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-10-14

14.10.2026 12:37, BAAMACIN

Skupina M2C zveřejnila v rámci Start Day aktualizovaný celoroční výhled. Společnost letos očekává meziroční růst nekonsolidovaných provozních výnosů o 37,4 % na 6,98 mld. Kč. K tomuto růstu by měly přispět plánované akvizice a provozní výkonnost. Provozní zisk EBITDA by měl dosáhnout 140 mil. Kč, což je blízko horní hrany výhledu, který společnost poskytla na jarním Start Day.

Výhled Společnost očekává v celém roce nekonsolidované provozní výnosy ve výši 6,98 mld. Kč. Jednalo by se tak o meziroční růst o 37,4 % vůči 5,08 mld. Kč v roce 2025. Výhled zahrnuje akvizice a jeho předpokladem je dokončení rozjednaných akvizic do konce roku. Podle managementu je zhruba 300 až 400 mil. Kč z plánovaného obratu závislých na dosud neobjednaných vícepracích, jejichž objem ani načasování společnost přímo neovlivňuje. Tuto část predikce proto označila za odhad, nikoli závazek. Generální ředitel Matěj Bárta na konferenčním hovoru komentoval, že na rozdíl od ostatních společností je těžké pro M2C predikovat odběry vzhledem k odvětví ve kterém společnost působí.

V rámci jarního Start Day společnost pro letošek očekávala konsolidované tržby v rozmezí 4,7 až 5,0 mld. Kč. Aktuální výhled se však týká nekonsolidovaných provozních výnosů, a není proto s jarním výhledem přímo srovnatelný.

Očekávaný přírůstek provozních výnosů podle zemí, zdroj: M2C

Předpokládaný provozní zisk EBITDA by měl dosáhnout 140 mil. Kč, což je blízko horní hrany výhledu, který společnost komentovala v rámci jarního Start Day v intervalu 123 až 143 mil. Kč.

Celou prezentaci společnosti z podzimního Start Day naleznete pod odkazem zde.

Akcie M2C Akcie společnosti M2C (BAAMACIN) se na pražské burze obchodují za 135 Kč. Na RM-SYSTÉMu se akcie obchodují za 136 Kč.

Zdroj: M2C

Michal Bárta, Fio banka, a.s.

USDCAD has been one of the cleaner charts for me lately. The pair has pushed back to its 2026 highs, and that move tells me something important.

The recovery from the August 26 low that I've been tracking for a few weeks now looks impulsive rather than corrective. Impulses are five-wave patterns, and when I count this rise, I still can't see all five waves. That suggests the move isn't complete yet.

The pair is trading around 1.4211, right at the 1.4200-1.4125 support zone. If the current dip is just a retracement within the uptrend, this is where I'd expect buyers to step back in for a potential new rebound.

The key level for me is 1.4000. As long as USDCAD stays above it, I think the structure favors another leg higher once the pullback is complete. A drop below 1.4000 would make me rethink the count.

I know pullbacks can feel uncomfortable when you're expecting higher prices, but they are a normal part of a developing impulse. Markets rarely move in a straight line, and these pauses often give the trend the energy it needs for the next push.

Also keep in mind that US CPI is out today, October 14, at 14:30 CEST. The release could easily push the pair through the support zone or bounce it straight off it, so I'd expect volatility either way.

What I like about this setup is that it gives me clear reference points. The support zone tells me where a pullback could end, and the 1.4000 level tells me when I would be wrong. For me, that kind of clarity is often more valuable than trying to predict every small swing.

Key levels:

Current price: ~1.4211.Pullback support zone: 1.4200-1.4125.Key bullish level: 1.4000.Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

As we begin the holiday quarter, Apple (AAPL +0.09%) is in a time of transition. John Ternus took over as CEO from Tim Cook on Sept. 1, and he takes the helm at a time when the company benefits from an upgrade cycle but has not made the strides in artificial intelligence (AI) that many of its competitors have.

Given these struggles, should investors buy Apple as it benefits from holiday-related sales, or stand pat for now?

Image source: The Motley Fool.

Apple is in its transition phase Indeed, buying now means investors are taking a chance on the company just a few weeks into a new CEO's tenure. Although leadership runs such as Satya Nadella at Microsoft or Lip-Bu Tan at Intel have proven profitable for investors, CEO tenures often result in investor losses.

It is too early to tell how Ternus will do in the job. What we know is that he has taken a more hands-on role with Apple design. To make time for that involvement, he has delegated financial and supply chain responsibilities to other executives.

Considering Ternus's hardware engineering background, this move may make sense. While Cook was still CEO, Apple's AI is such that it chose Alphabet's Google Gemini to become the core of Apple's next-generation Foundation model and enlisted it in helping to improve Siri.

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Improved AI, no matter where it is from, and a recent upgrade cycle may be causes for optimism. After multiple quarters of sluggish growth, the $364 billion in net sales for the first three quarters of fiscal 2026 (ended June 27) increased by 16% compared to the same period in fiscal 2025.

Looking ahead, analysts believe Apple will finish the current fiscal year with 15% annual net sales growth, then slow to 11% in fiscal 2027. That includes an 8% growth forecast for the upcoming holiday quarter. That is still well above the 6% net sales increase in fiscal 2025, but the slowdown could be evidence that the upgrade cycle is starting to run its course.

Instead, the problem may come from valuation. As growth slows, Apple still has to contend with a 39 P/E ratio, and to some analysts, this is a red flag Apple investors can't afford to ignore. It also makes it difficult to choose Apple when its AI provider, Alphabet, trades at a forward P/E ratio of 29, a factor that, by itself, could make investors rethink positions in Apple stock.

Should investors buy Apple during the holiday quarter? Given Apple's current state and stock price, investors should probably not add shares at this time.

Indeed, this is not a call for Apple's longtime investors to sell. Even if growth slows, it is unlikely to stop. It is also quite possible that Apple's products will improve as its new CEO becomes directly involved in the design process.

Nonetheless, net sales growth is on track to slow during the holiday season. This bodes poorly for the company when it trades at a relatively high P/E ratio.

Hence, without a substantial discount in the stock or meaningful signs of technical improvement, investors should probably not buy Apple at these levels.

Micron Technology (MU -3.62%) filed its annual report on Oct. 9, and it shows a shift in who buys the memory chipmaker's products. No customer accounted for 10% or more of revenue in fiscal 2026 (the 53 weeks ending Sept. 3, 2026). A year before, one customer made up 17% of sales.

Put another way, Micron's top buyer matters less to its results than it did a year ago. The shift came as revenue climbed 256% year over year to about $133 billion. And it comes with the stock off about 14% from its Oct. 7 close, at roughly $936 as of this writing.

Relying less on one buyer does lower a risk to shareholders. But I think the report also shows that Micron's bigger dependence is still there.

Image source: Micron.

From 17% to below 10%The report doesn't name the customer. It just says the 17% customer's purchases in fiscal 2025 were mostly in the cloud memory business unit. This unit sells memory to big cloud computing companies, and high-bandwidth memory for artificial intelligence systems to all data center customers.

It's worth noting that no customer hit 10% of revenue in fiscal 2023, either. One did in fiscal 2024, at 10%, and one reached 17% the next year.

In dollars, 17% of fiscal 2025's $37.4 billion in revenue comes to around $6.4 billion from a single customer.

Did that customer buy less?The 17% customer likely didn't cut its spending.

Micron's quarterly report for its fiscal third quarter said one customer, again mostly in the cloud memory unit, made up 10% of revenue in the first nine months of fiscal 2026. Revenue in the nine months was around $79 billion, so the customer spent close to $8 billion.

The filings don't say directly that it's the same buyer. But if it is, it spent more with Micron in nine months than it did in all of fiscal 2025, and its share dropped only because everyone else's purchases grew faster.

Showing how broad the growth was, all four of Micron's business units more than tripled their revenue in fiscal 2026. The cloud memory unit's revenue climbed 219% to $43.1 billion. The core data center unit, which sells data center storage plus memory for server makers, grew 420% to $37.6 billion. Mobile and client revenue climbed 209% to $36.6 billion, and automotive and embedded revenue rose 234% to $15.9 billion. So the cloud memory unit's share of total revenue dipped to 32% from 36%, after jumping from 15% in fiscal 2024.

Micron still depends on a few big buyersMicron's top 10 customers provided over half of its revenue in fiscal 2026, just as they did the year before. And data centers accounted for around 60% of revenue, up from about half in fiscal 2025.

The top-10 number comes to an average of over $6.6 billion a customer -- more than the single biggest customer spent in fiscal 2025.

But I think the data center number is the concentration that matters most today. A decline in capital spending for data centers might cut orders from many of Micron's largest buyers all at once.

Plus, most of the year's growth came from price. Micron said average selling prices of DRAM, the memory chips that make up most of its sales, climbed around 180% in fiscal 2026, but the volume it shipped grew by a percentage in the mid-20s. Higher prices are also mainly why net income rose nearly tenfold, to about $85 billion.

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True, Micron has tried to lock in demand. By its Sept. 30 earnings call, it had signed 26 multi-year deals that require customers to buy set volumes, backed by $32 billion of financial commitments. But it estimates those agreements cover over 35% of its revenue through 2030, which still leaves a big part of its sales outside them.

Investors might already see these risks. Micron's earnings per share grew to $74.33 in fiscal 2026 from $7.59 the year before, but the stock costs only around 13 times those earnings. With a price-to-earnings ratio so low after a year like that, investors seem to expect that profit could fall once memory prices do.

In the end, I'd call the customer change an improvement, though a small one. Micron is less exposed to any single buyer than it was a year ago. But it's arguably more exposed to data center spending and memory prices than it was, and they are still the biggest risks in the stock.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that GBP/USD has bounced firmly to 1.3255, invalidating their prior downside-bias call. Short-term momentum allows for further gains, but they doubt a clean break of major resistance at 1.3280 without stronger upside signals. Over the coming weeks, they expect Pound-Dollar to stay range-bound between 1.3170 and 1.3280, with another resistance level at 1.3310 if the upper band is breached.

Pound holds firm within defined range"24-HOUR VIEW: While we indicated yesterday that GBP “could trade with a downside bias,” we held the view that “any decline is likely part of a lower range of 1.3190/1.3235.” Our view was incorrect, and we also underestimated the volatility as GBP rose sharply from 1.3205 to 1.3259. GBP closed on a firm note at 1.3255 (+0.34%). The advance has scope to extend, but with no significant increase in upward momentum, GBP may not break the major resistance at 1.3280. To sustain the momentum, GBP must hold above 1.3230, with minor support at 1.3245."

"1-3 WEEKS VIEW: On Monday (12 Oct, spot at 1.3235), we highlighted that GBP “is expected to trade in a range between 1.3170 and 1.3280.” Although short-term upward momentum has improved somewhat, we will continue to hold the same view for now. Looking ahead, should GBP break above 1.3280, it would likely encounter another firm resistance at 1.3310."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

SummaryEaton is rated a buy, supported by a strong order backlog, robust demand from data centers, grid upgrades, and aerospace, and multi-year growth visibility.ETN is expanding capacity and executing bolt-on M&A, notably the Boyd acquisition, to capitalize on secular demand and enhance its data center and aerospace offerings.Margin expansion is expected as new facilities ramp up and pricing actions take hold, with Electrical Americas margins projected to rise 450–500 bps in H2 FY26 vs. H1.Valuation at 26.13x FY27 EPS is reasonable given the consensus 19.6% FY27 EPS growth and mid-teens growth beyond, making risk-reward attractive. Erman Gunes/iStock Editorial via Getty Images

I rate Eaton (ETN) a buy given its exposure to several long-term growth drivers in data centres, grid upgrades and aerospace. The company’s strong order bookings and healthy backlog provide good revenue growth visibility. Eaton

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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.

14.10.2026 09:48, BAAHARDW

Česká vývojářská společnost HARDWARIO komentovala v rámci prezentace k podzimnímu Start Day předběžné neauditované výsledky za 8M roku 2026 a výhled tržeb pro rok 2026.

Výsledky za 8M Tržby za prvních 8 měsíců roku vzrostly meziročně o 7,9 % na 82,05 mil. Kč. Předseda správní rady Pavel Hübner na konferenčním hovoru uvedl, že velkou část tržeb nadále tvoří zakázková výroba.

Náklady (tržby mínus zisk před zdaněním) meziročně poklesly o 11,2 % na 66,12 mil. Kč.

Zisk před zdaněním výrazně vzrostl na 15,93 mil. Kč. V prvních 8 měsících minulého roku činil 1,58 mil. Kč. Ke zlepšení ziskovosti podle společnosti přispěly především kontrakty v oblasti zakázkového vývoje a výroby.

„Loni jsme ukázali, že umíme růst, letos ukazujeme, že umíme vydělávat. Letošní zisk stojí na zakázkách a produktech, které skutečně běží. Vydělané peníze vracíme do vlastních produktů a do obchodu v zahraničí,“ uvedl při zveřejnění čísel Pavel Hübner již 9. října.

Společnost uvedla, že splatila zbývající část provozního úvěru u Komerční banky i všechny nebankovní půjčky a nyní nemá žádné úvěry ani půjčky.

Výhled Společnost potvrdila výhled tržeb za rok 2026 ve výši 110 mil. Kč, který zveřejnila 8. července 2026. Pavel Hübner na konferenčním hovoru uvedl, že ohledně výhledu na rok 2027 bude společnost informovat na začátku roku 2027.

Historický vývoj tržeb a výhled na rok 2026, zdroj: HARDWARIO

Celou prezentaci společnosti z podzimního Start Day naleznete pod odkazem zde.

Akcie Hardwario Akcie společnosti Hardwario (BAAHARDW) se na pražské burze obchodují za 8,0 Kč.

Zdroj: Hardwario

Michal Bárta, Fio banka, a.s.

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Výsledky společností - ČR

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IPO, M&A

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Detail - články

14.10.2026 9:29

Bank of America uzavřela s americkými regulátory rozsáhlé vyrovnání poté, co úřady identifikovaly nedostatky v systému prevence finanční kriminality. Pokuty přesahující 1,2 miliardy dolarů patří k nejvýznamnějším sankcím posledních let vůči velké americké bance a přicházejí v době zvýšeného dohledu nad dodržováním sankčních a AML pravidel.

Ministerstvo financí Spojených států vyměřilo druhé největší americké bankovní společnosti Bank of America pokuty v celkové hodnotě přes 1,21 miliardy dolarů (více než 26 miliard Kč) za údajné porušování zákonů, které se týkají boje proti praní špinavých peněz a sankcí. Ministerstvo o tom informovalo v tiskové zprávě.

"Pokud banka této velikosti neplní své povinnosti v oblasti boje proti praní špinavých peněz a v oblasti sankcí, má to dalekosáhlé důsledky, protože to vystavuje celý finanční systém Spojených států značným rizikům spojeným s nezákonnými finančními aktivitami," uvedl americký ministr financí Scott Bessent. Vyměřené pokuty podle něj jasně ukazují, že "ani ty největší finanční instituce nestojí nad zákonem".

Banka podle ministerstva mimo jiné nenahlásila úřadům podezřelé finanční transakce v hodnotě přesahující pět miliard dolarů. Porušila rovněž řadu sankčních programů, včetně těch, které se týkají Íránu, Ruska, obchodu s drogami a globálního terorismu.

Bank of America uvedla, že s regulátory spolupracovala na vyřešení této záležitosti prostřednictvím pokut. "Dodržování předpisů týkajících se finanční kriminality je vážná věc a my jsme zodpovědní za to, abychom to prováděli správně. Investovali jsme miliardy dolarů do technologií a vyčlenili tisíce zaměstnanců pro boj s finanční kriminalitou," dodala.

Tagy: bank of america, akcie, pokuta, Banka, Praní špinavých peněz

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14.10.2026

9:29Bank of America zaplatí přes 1,2 miliardy dolarů za porušení pravidel proti praní špinavých peněz

9:24ASML nestíhá AI boom. Výrobce klíčových strojů zvedl výhled, ale varuje před nedostatkem kapacit

8:45AI znovu pod tlakem. Trhy sledují inflaci i výsledky ASML  

8:44Rozbřesk: Jádrová inflace nejvýše od roku 2023, je to problém?

6:04Změna investičního režimu na evropských akciích

13.10.2026

22:03Wall Street hledá další impuls: Výsledky firem prověřují optimismus kolem AI  

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16:10PODCAST Rozhovory s Šatným, CEO Doornite: Na burzu jdeme urychlit růst. Do pěti let chceme na hlavní trh

15:24Inflačně-růstová investiční mapa

14:25Citigroup překvapila Wall Street silným obchodováním s dluhopisy

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12:56JP Morgan za očekáváním trhu zaostala, slabší obchodování na dluhopisových trzích převážilo nad silnými úrokovými výnosy

12:53UnitedHealth překonala odhady a letos už potřetí zvýšila výhled zisku

12:03Komerční banka, a.s.: Regulatorní informace - Hlavní akcionáři KB k 30.9.2026 (3Q 2026)

11:32Čínská CXMT tvrdí, že dosáhla technologického průlomu. Akcie čipařů zamířily prudce dolů  

11:01Polovodiče otočily dolů, ale Evropa je dnes zelená a dluhopisy rostou  

10:03Slabá poptávka v Číně brzdí hospodaření LVMH

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14:30USA - CPI, y/y

Starlink is the biggest moneymaker for Space Exploration Technologies (SPCX -4.21%), driving the company's connectivity segment, which accounted for 55% of revenue in Q2 2026. It's also growing rapidly, as it added 1.7 million net subscribers during the quarter.

That breaks down to about 570,000 subscribers per month. Here's how much this growth is worth to one of the most popular space stocks.

Image source: Getty Images.

Average revenue per user (ARPU) was $66 for both the quarter and the first six months of 2026. ARPU is monthly revenue, so each subscriber pays SpaceX an average of $792 per year. At 570,000 new subscribers per month, SpaceX adds about $450 million in annual recurring revenue (ARR) for every month of growth. If it maintains that pace for a year, it adds roughly $5.4 billion in ARR.

There are a few potential issues for investors to watch for. ARPU may decline as Starlink expands into lower-priced markets. It has already dropped from $85 a year ago.

Growth could also slow down, either due to market saturation or to network capacity constraints. An analysis published in June by Tim Farrar of TMF Associates estimated that Starlink's network currently had a capacity of about 20 million subscribers. On a positive note, SpaceX deployed 26 Starlink V3 satellites on Sept. 28, with each one designed to support 1 Tbps of downlink capacity. That said, it's only one launch, so Starship will need to launch regularly to meaningfully expand capacity.

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While Starlink's growth is impressive, it's also arguably priced in. Adding $5.4 billion in annual revenue doesn't move the needle much relative to the company's $2.2 trillion valuation (as of Oct. 12). Investors in SpaceX stock are betting on explosive growth from AI and the launch business, and Starlink will also need to maintain its trajectory to hold up its end.

Lyle Daly has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

News Summary:

NVIDIA announces a compute donation valued at $250 million over five years to support U.K. agentic safety and security research.The program will support the wider U.K. research community, with a proportion of the commitment supporting BOLD, SOFAIR and Imperial College London across fundamental agentic foundation models and robotics safety.Compute access will be delivered through U.K.-based NVIDIA Cloud Partners, supporting the nation’s research capability and compute ecosystem.
LONDON, Oct. 14, 2026 (GLOBE NEWSWIRE) -- NVIDIA today announced a five-year compute donation valued at $250 million to strengthen the United Kingdom’s agentic safety and security research capability.

The commitment will provide $50 million in compute access annually to support agentic safety and security research across the U.K. The majority will support the wider U.K. AI safety and security research community, with a proportion supporting work with the British Open-Ended Learning and Discovery Lab (BOLD), the Science of Fundamental AI Research Lab (SOFAIR) and Imperial College London.

“AI capability and safety must advance together,” said Jensen Huang, founder and CEO of NVIDIA. “The U.K. brings world-class scientific rigor to this essential engineering challenge. With this $250 million commitment, NVIDIA will put accelerated computing in the hands of U.K. researchers to develop, test and strengthen safeguards for increasingly powerful AI. This is how the U.K. turns research leadership into real-world solutions — and scientific progress into a future that benefits everyone.”

“This commitment is a vote of confidence in our world-leading strength and expertise in AI research — and, in particular, frontier AI safety that is becoming ever more important as AI’s capabilities develop,” said U.K. AI Minister Kanishka Narayan. “NVIDIA’s donation will help Britain’s AI innovators access the resources they need to bring their ideas to life — and, in the process, help build a distinctly British AI future that is safe, secure and that serves people’s best interests, objectives that will be central to the U.K.’s G20 presidency.”

“To realise the opportunities of AI, people need to feel the technology is safe and secure. The government is committed to ensuring AI can be securely harnessed to fuel new discoveries and drive growth,“ said U.K. Business Secretary Jonathan Reynolds. “NVIDIA’s investment will help British researchers continue to lead the world in that effort — accelerating the breakthroughs that build trust and help us deploy AI safely.”

Strengthening UK Leadership in Agentic Safety and Security
Compute provided through the initiative will be dedicated to agentic safety and security research.

The program will connect complementary areas of U.K. research, including in AI safety and security. BOLD, led by the University of Oxford, is developing approaches that help AI systems learn, adapt and operate alongside people. SOFAIR, led by UCL, is exploring new open source AI architectures and more accessible ways to develop and deploy AI. Imperial’s work will include safety engineering and robotics.

“We are experiencing a critical moment where AI safety as an afterthought is no longer appropriate for the open-ended, evolving world,” said Jakob Foerster, founding director of BOLD. “This compute will help us explore transparent and human-centric approaches to AI that allow us to collectively rise to the challenge by building in governance and human-AI co-improvement from the ground up.”

“The next frontier of artificial intelligence is physical — robots, autonomous systems of agents that perceive, reason and act in the real world,” said Alessandra Russo, director of Imperial Frontier AI Research Lab and convening co-director of Human and AI, School of Convergence Science. “With NVIDIA and our industry partners, Imperial is working to ensure that safety and assurance at the heart of this revolution, ensuring the U.K. leads not only in developing physical AI but in making it trustworthy for the communities and industries that will depend on it.”

NVIDIA will fund compute access through U.K.-based NVIDIA Cloud Partners, with infrastructure hosted in the U.K. This will support the U.K. compute ecosystem and provide a domestic platform for research. Provider selection, technical architecture and commercial terms are to be agreed.

As part of the wider initiative, research programs will focus on secure agents, open-model security and real-world threat mitigations. The work will support secure sandboxes, reproducible research and safety assessment benchmarks, including research conducted using NVIDIA OpenShell™ open, secure runtime software and the NVIDIA Sentry reference design. Findings are intended to inform safeguards across the wider computing ecosystem.

The commitment builds on NVIDIA’s collaboration with the U.K.’s research community, including on the University of Bristol’s Isambard-AI supercomputer, powered by NVIDIA Grace Hopper Superchips.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Corporate Communications
NVIDIA Corporation
[email protected]

Certain statements in this press release, including, but not limited to, statements as to: expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to NVIDIA’s U.K. AI safety and security research initiative, including the value, funding, timing, delivery and use of compute contributions and the initiative’s expected research and other benefits; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on NVIDIA’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, and other NVIDIA product and service names are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries and regions. Other company, product, and service names may be trademarks of the respective companies with which they are associated.

Shares of Intel (INTC +1.44%) trade near $101 as of this writing, up about 175% in 2026. The company's stock is also worth over five times the $18 or so it closed at in April 2025 -- its lowest close in the last decade.

But zoom out to 10 years, and the picture isn't nearly as pretty. A $10,000 investment in Intel in mid-October 2016, with all dividends reinvested, is worth around $33,700 now. The same $10,000 in the Vanguard S&P 500 ETF (VOO +0.01%), an index fund that tracks the S&P 500 (^GSPC -0.02%), turned into about $42,900.

So even after nearly tripling this year, Intel stock still trails just owning the market. And I think the reasons help show how much of the turnaround investors are already paying for.

Image source: Intel. Image source: Intel.

Nine years of next to nothingIntel closed just above $37 on Oct. 12, 2016, and it finished 2025 at $36.90. In short, the share price went nowhere for over nine years, and dividends were the only return shareholders had to show for it.

The stock wasn't always behind. At the end of 2019, the $10,000 stake was worth around $17,500, ahead of the index fund's $16,100 or so. But by the end of 2022, it had dropped to about $8,500, while the same amount in the fund had doubled to about $20,100. At the stock's bottom in April 2025, the Intel stake was down to around $6,000. And when 2025 ended, it was worth about $12,300, versus about $37,300 for the fund.

So around 90% of Intel's 10-year gain has come in under 10 months.

The business went backward over that span, too. Intel's revenue rose from $59.4 billion in 2016 to a record $79.0 billion in 2021 -- and then slid to $52.9 billion in 2025, less than the company pulled in nine years before.

The dividend is goneDuring most of the decade, a rising dividend at least lifted shareholders' returns. Intel's quarterly payout topped out at $0.365 per share in 2022. But the company cut it to $0.125 in February 2023 and suspended it entirely starting with the fourth quarter of 2024.

Those reinvested dividends still make up around $6,400 of today's $33,700. Without them, the $10,000 would be worth about $27,300.

The index fund, of course, still pays one, yielding around 1%. Intel pays nothing, and I doubt that changes soon.

The stock is priced for far higher profitsYes, the business is improving fast. Intel's second-quarter revenue climbed 25% year over year to $16.1 billion, accelerating from 7% growth in the first quarter. And non-GAAP (adjusted) earnings per share came in at $0.42, versus a loss of $0.10 a year earlier. That one quarter matched the $0.42 Intel earned in all of 2025, which followed an adjusted loss of $0.13 a share in 2024.

But the Intel of 2016 earned much more. Adjusted earnings per share were $2.72 that year. Even four quarters like the second quarter would come to just $1.68, and management's July outlook for the third quarter (which Intel reports on Oct. 29) was $0.38.

What jumps out at me is how much more investors now pay for those earnings. At around $37 in mid-October 2016, shares traded at about 14 times that year's adjusted earnings. Today, buyers are paying about 48 times the earnings expected for 2027.

This year's run, then, arguably has less to do with what Intel earns today than with what investors expect it to earn a few years out. If those profits show up late or come in lower, the stock might lose a big part of its gains.

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Moneyball Superscore

65/100

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For the 10-year stake to draw even with the index fund, shares would have to climb about 27%, to roughly $129. They've been there before. Intel set a record close of $140.94 on June 22, when the stake was briefly ahead of the fund, and the stock is down 28% since.

Overall, I think Intel's turnaround is showing up in its numbers. But the stock price seems to assume years of further progress, and Intel shareholders have already seen how long the wait can be when the business stumbles.

With shares priced at around 48 times 2027's expected earnings and paying no dividend, I'd rather own the index fund here.

Taiwan Semiconductor Manufacturing (TSM +0.17%) has been one of the best-performing big tech stocks over the past three years, up 380%. That's better than every "Magnificent Seven" stock in that time, and it hasn't shown many signs of slowing down. As of this writing, it's up over 45% for the year.

Although it's not often considered a typical AI stock, TSMC's latest run is largely driven by the ongoing AI boom. As the world's largest semiconductor (chip) foundry, TSMC is as valuable to the AI ecosystem as virtually any company in the mix. And that's why I'm confident a $5,000 investment in the stock could grow to $8,000 by 2030. Let's take a deeper dive.

Image source: The Motley Fool.

So, what exactly does TSMC do?
TSMC is the go-to chip manufacturing company for many of the electronics we use daily. While companies like Apple design their iPhone chips, Nvidia designs chips for its data center hardware, and Broadcom designs chips for its networking equipment, they all rely on TSMC to actually manufacture them.

No company has TSMC's expertise, results, and scale, so it's in a league of its own. It has a 73% market share in the foundry market, but its share of advanced AI chips is well into the upper 90% range. It has been using that to its advantage, too.

The data centers that AI hyperscalers like Amazon, Microsoft, Alphabet, and Meta Platforms are spending trillions to build are filled with advanced chips made by TSMC. So, no matter which of those companies pulls ahead in the AI race, TSMC will continue to benefit. That's a lucrative position to be in.

Premium Feature

Moneyball Superscore

98/100

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Profits continue to flow
TSMC's virtual monopoly has given it lots of pricing power. Companies either pay a premium for chips they know will be high-performance and meet the required scale, or go with a less efficient alternative and risk performance. TSMC's market shows which option companies generally choose.

Its revenue growth over the past few years has been impressive (up 33.7% year over year in the second quarter), but earnings growth has been even more explosive.

TSM Revenue (Quarterly) data by YCharts

Over the same three-year span, its gross margin rose from 54.1% to 67.7%, operating margin from 42% to 60.3%, and net profit margin from 37.8% to 55.6%.

How much a $5,000 investment could be worth by 2030
For illustration, let's assume TSMC's stock price remains flat through the rest of 2026. That means the stock would need to grow 60% from 2027 to 2030, averaging 17% returns per year. Right now, TSMC is a $2.3 trillion company trading at 26.5 times its projected 2027 earnings, which is on the high end of its average over the past three years.

If we assume this holds steady over three years, TSMC would need to grow its earnings per share (EPS) by around 15.6% annually. That's more than feasible for a company that has grown by 198% over the past three years. Current estimates put TSMC's year-over-year EPS growth well above that for the next couple of years, but even if it cuts back modestly to 20% after, a $5,000 investment can easily grow to $8,000. And 20% is on the low end of what I expect the growth to be.

AI is fueling TSMC's current momentum, but its business goes beyond that. Even if AI momentum slows over the next three or so years, TSMC's business is broad and deep enough to keep thriving. Margins would likely take a hit, but I don't imagine the company or investors would harp on it too much.

We can't predict how stock prices will move -- and good business or financial performance doesn't guarantee good stock price performance -- but I think TSMC's stock still has enough momentum to turn $5,000 into $8,000 by 2030.

Stefon Walters has positions in Apple, Microsoft, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.

14.10.2026 08:57, ASML

Výrobce litografických zařízení ASML zveřejnil výsledky hospodaření za třetí kvartál roku 2026. Tržby se zhruba shodovaly s očekáváním. Hrubá marže, provozní i čistý zisk však výrazně překonaly odhady, a to zejména díky vyšším tržbám ze správy instalované základny. Společnost potřetí v letošním roce zvýšila celoroční výhled a nově uvedla, že její dosud plánovaná nabídka nebude v letech 2027 a 2028 plně pokrývat poptávku zákazníků. Prověřuje proto další navýšení výrobních kapacit pro rok 2028. Někteří zákazníci podle managementu projevují zájem o zadání objednávek již na roky 2029 a 2030.

Výsledky společnosti ASML (ASML) za 3Q 2026   3Q 2026 Konsensus 3Q 2026 3Q 2025 Tržby (mld. EUR) 11,66 11,70 7,52 Čistý zisk (mld. EUR) 4,96 4,11 2,13 Zisk na akcii (EPS, EUR/akcie) 12,93 -- 5,48 Výsledky za 3Q Společnost ASML zaznamenala za 3Q tržby ve výši 11,66 mld. EUR, což představuje mezikvartální růst o 25 %.

ASML rozlišuje tržby ze 2 segmentů, jsou jimi systémy (high-tech zařízení na výrobu čipů) a služby a terénní operace.

Tržby ze segmentu systémů dosáhly 8,37 mld. EUR, přičemž průměrný analytický odhad činil 8,79 mld. EUR. Podíl Číny na tržbách v tomto segmentu vzrostl na 23 % ze 14 % v předchozím kvartále. Největšími trhy byly Tchaj-wan (32 %) a Jižní Korea (31 %). Logické čipy tvořily 54 % a paměti 46 % tržeb ze systémů. Tržby ze segmentu služeb a terénních operací byly 3,29 mld. EUR a mezikvartálně vzrostly o 19 %. Trh predikoval 2,92 mld. EUR. Podle managementu za tím stojí pokračující silná poptávka po vylepšeních zvyšujících produktivitu. Hrubá marže dosáhla 57,5 % při očekávání 56,1 %, mezikvartálně vzrostla o 3,5 p. b. Překonala tak i výhled samotné společnosti, a to díky vyšším než očekávaným tržbám ze správy instalované základny.

Výdaje na výzkum a vývoj byly 1,17 mld. EUR.

Provozní zisk dosáhl 5,17 mld. EUR při očekávání 4,91 mld. EUR. Provozní marže činila 44,4 % při konsensu 41,8 %.

Celkový počet dodaných litografických systémů činil 121 jednotek (z toho 113 nových a 8 použitých), přičemž průměrný odhad byl 115. Z toho 17 systémů EUV, 40 ArFi, 10 ArFdry, 35 KrF a 19 I-Line.

Rozdělení prodejů systémů (čtvrtletní), zdroj: ASML

Výhled a kapacitní plány Ve čtvrtém kvartále ASML očekává:

Tržby v rozmezí 14,2 až 15,2 mld. EUR, z toho tržby ze správy instalované základny přibližně 3,7 mld. EUR. Konsensus činil 13,97 mld. EUR. Hrubou marži přibližně 57 %, přičemž se očekávalo 56,4 %. Výdaje na výzkum a vývoj přibližně 1,2 mld. EUR. V celém roce 2026 poté společnost nově odhaduje:

Tržby ve výši 44 až 45 mld. EUR. Dosavadní výhled činil 43 až 45 mld. EUR, konsensus byl 43,78 mld. EUR. Hrubou marži přibližně 56 %. Dosavadní výhled činil 54 až 56 %, očekávalo se 54,9 %. Podle finančního ředitele Rogera Dassena by celkové tržby měly letos meziročně vzrůst o 36 %, přičemž hlavním tahounem je byznys EUV, který má letos vzrůst o více než 45 %. Byznys mimo EUV by měl vzrůst zhruba o 20 %. Čína by letos měla tvořit přibližně 20 % celkových tržeb.

Návrat kapitálu akcionářům Ve 3Q společnost zpětně odkoupila akcie za zhruba 4,1 mld. EUR. Druhou kvartální průběžnou dividendu za rok 2026 ve výši 1,88 EUR na akcii vyplatí 4. listopadu 2026.

Komentář CEO „Ve třetím kvartále jsme vykázali rekordní celkové čisté tržby ve výši 11,7 mld. EUR, blízko horní hranice našeho výhledu, což odráží silné zvládnutí náběhu výroby. Tržby ze správy instalované základny dosáhly 3,3 mld. EUR a překonaly výhled díky pokračující silné poptávce po vylepšeních zvyšujících produktivitu. To vyneslo hrubou marži nad výhled na 57,5 %. Naši zákazníci u nás nadále zvyšují své krátkodobé i střednědobé prognózy poptávky po vybavení, a to především na základě svého pohledu na rozsah a délku trvání investic souvisejících s AI. Vzhledem k jejich viditelnosti poptávky někteří zákazníci projevují zájem zadat u nás objednávky na rok 2029, a dokonce i 2030. Díky tak silné viditelnosti a dynamice objednávkové knihy, která letos kvartál od kvartálu dál roste, nyní očekáváme, že naše nabídka, jak je v současnosti plánována na roky 2027 i 2028, nebude plně pokrývat poptávku našich zákazníků. Proto zkoumáme možnosti, jak pro rok 2028 navýšit kapacitu nad dříve komunikovaný nárůst o 30 %. Kromě toho našim zákazníkům nadále poskytujeme významnou waferovou kapacitu prostřednictvím našeho portfolia vylepšeních zvyšujících produktivitu. Ve čtvrtém kvartále 2026 očekáváme celkové čisté tržby mezi 14,2 a 15,2 mld. EUR s hrubou marží kolem 57 %. Očekáváme náklady na výzkum a vývoj ve výši přibližně 1,2 mld. EUR a prodejní, všeobecné a správní náklady přibližně 0,4 mld. EUR. Celkové čisté tržby za rok 2026 očekáváme mezi 44 a 45 mld. EUR s hrubou marží kolem 56 %,“ uvedl prezident a generální ředitel Christophe Fouquet.

Akcie ASML

Akcie ASML Holding (ASML) včera uzavřely na 1 509,6 EUR Ukazatel   Ukazatel   Kapitalizace (mld. EUR) 585,9 P/E 43,1 Vývoj za letošní rok (%) +63,8 Očekávané P/E 39,3 52týdenní minimum (EUR) 822,2 Prům. cílová cena (EUR) 2062 52týdenní maximum (EUR) 1741 Dividendový výnos (%) 0,5 Zdroj: ASML, Bloomberg

Michal Bárta, Fio banka, a.s.

NEW YORK and NEW ORLEANS, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in The Ensign Group, Inc. (NasdaqGS: ENSG) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors who purchased or otherwise acquired The Ensign Group, Inc. securities between February 10, 2022 and June 18, 2026, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

Follow the link below to get more information and be contacted by a member of our team:

https://www.ksfcounsel.com/cases/nasdaqgs-ensg/   

Ensign investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3616 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-ensg/ to learn more.

>>>CLICK HERE for more information

CASE DETAILS: According to the Complaint, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.

Specifically, the lawsuit alleges that Defendants failed to disclose to investors that: (i) Ensign’s business model depends on the systematic and widespread neglect of elderly people who live in its facilities, including those with needs for high levels of care; (ii) Ensign’s abuse and neglect includes not giving residents enough food, medical attention, or even basic toiletries as well as failing to respond to residents in clear distress, which has resulted in resident deaths; (iii) Ensign uses self-reporting measures as a way to cover up that it systematically neglects patients; (iv) Ensign defrauds Medicaid and Medicare by taking federal funds to help patients who need high levels of care, and then neglecting those same patients; (v) Ensign falsifies the number of hours that Certified Nursing Assistants spend with residents; (vi) Ensign engages in an illegal scheme to rent the licenses of Administrators who are not generally present at, nor actually managing, its facilities; and (vii) Ensign materially understated the reputational and litigation exposure that comes with a dangerous, abhorrent, and illegal business model.

The case is Perusek v. The Ensign Group, Inc., No. 26-cv-02963.

WHAT TO DO? If you invested in Ensign and suffered a loss during the relevant time frame, you have until December 7, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

>>>To Learn More, Click HERE

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services

To learn more about KSF, you may visit www.ksfcounsel.com.

>>>For More Information about the case, Click HERE

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-833-538-3616
1100 Poydras St., Suite 960
New Orleans, LA 70163

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DigitalOcean’s Managed Agents can now act on what is happening across the live open web through a seamless integration with Bright Data's search, access, extract and actioning tools.

BROOMFIELD, Colo.--(BUSINESS WIRE)--DigitalOcean (NYSE: DOCN) and Bright Data today announced a partnership at The Open Intelligence Summit that brings Bright Data's tools and datasets to DigitalOcean Managed Agents, available now through Action Gateway. Agents on DigitalOcean can now search the live web, access sites that present technical challenges to automated traffic, extract structured data, and act on pre-collected, dynamically refreshed datasets without a separate Bright Data account or API key.

Most agents can search the web, but very few can reliably reach the data businesses depend on. Competitor prices, stock levels, and reviews often sit on sites that automated traffic cannot reliably access. The usual fix is custom code that breaks when sites change, or static datasets that no agent can act on in real time.

A retailer's pricing agent, for example, can read this week's order history, recall that last month's discount on a product category lifted revenue without compressing margin, and access this morning's market prices and product data, before recommending a new price. Each recommendation and its outcome feed DigitalOcean's learning system, so the agent improves with every decision.

"Agents need governed access to a broad set of data to do real work,” said Paddy Srinivasan, CEO, DigitalOcean. “Bright Data brings search and retrieval into the DigitalOcean’s AI-Native Cloud, which handles all the key resources an agent needs, including the runtime, session state, inference, and tool access, so developers can focus on the agent's task instead of its infrastructure."

"We are bringing real-time web data at scale to every team building agents on DigitalOcean, so their agents can act on what is happening across the open web,” said Or Lenchner, CEO, Bright Data. “DigitalOcean's infrastructure is well suited to agents that we plan to build our own on it, giving our customers the shortest path from web data to a running agent."

The partnership will extend in two additional phases. Bright Data's datasets will be integrated into DigitalOcean's Agent Data Services, enabling agents to analyze public web data alongside a customer's own data in a single query. Bright Data also plans to build and deploy its own agents on DigitalOcean Managed Agents, giving customers of both companies a fully managed path from web data access to a running, scalable agent with no infrastructure to manage.

Bright Data tools are available today in the DigitalOcean Managed Agents public preview. To get started, add Bright Data in Action Gateway or visit https://digitalocean.com/products/managed-agents.

About DigitalOcean
DigitalOcean (NYSE: DOCN) is the AI-Native Cloud, purpose-built for the inference and agentic era. Its five-layer integrated platform — spanning GPU and CPU infrastructure, core cloud, inference, data, learning, and managed agents — is open throughout with no vendor lock-in, giving builders everything they need to start fast, scale production AI workloads, and improve unit economics. More than 680,000 customers and millions of developers globally trust DigitalOcean to build, ship, and scale their applications. Learn more at https://digitalocean.com.

About Bright Data
Bright Data is the web infrastructure that humans and agents depend on to search, access, extract, and act on any public website. Built on the world's largest ethical web data network, we own the infra end-to-end, which allows our customers to get higher success rates, fresher data, and broader coverage than any source that depends on third-party access. We are not downstream of the web, we are the access layer itself. Trusted by 50,000+ customers, from the world's leading AI labs to Fortune 500 enterprises to independent builders, all on one platform. Learn more at https://brightdata.com.

Forward-looking statements. This press release contains forward-looking statements regarding product capabilities, pricing, and availability. DigitalOcean Managed Agents is offered as a public preview; DigitalOcean expects but does not guarantee that preview services perform for production-level workloads. Actual results may differ materially. Additional information on risks is included in DigitalOcean’s filings with the SEC, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

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MCLEAN, VA / ACCESS Newswire / October 13, 2026 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced today that its board of directors declared the following cash distributions for each of October, November and December 2026.

Monthly Cash Distributions:

Common Stock: $0.0467 per share of common stock for each of October, November and December 2026, payable per the table below:

Summary of Common Stock Cash Distributions

Record Date

Payment Date

Amount

October 23

October 30

$ 0.0467

November 19

November 30

0.0467

December 21

December 31

0.0467

Total for the Quarter:

$ 0.1401

The Company has paid 164 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more information regarding the DRIP, please visit www.GladstoneLand.com.

Series B Preferred Stock (Nasdaq:LANDO): $0.125 per share of Series B Preferred Stock for each of October, November and December 2026, payable per the table below:

Summary of Series B Preferred Stock Cash Distributions

Record Date

Payment Date

Amount

October 23

October 30

$ 0.125

November 19

November 30

0.125

December 21

December 31

0.125

Total for the Quarter:$ 0.375

The Company has not skipped, reduced, or deferred a monthly Series B Preferred Stock distribution to date.

Series C Preferred Stock (Nasdaq:LANDP): $0.125 per share of Series C Preferred Stock for each of October, November and December 2026, payable per the table below:

Summary of Series C Preferred Stock Cash Distributions

Record Date

Payment Date

Amount

October 23

October 30

$ 0.125

November 19

November 30

0.125

December 21

December 31

0.125

Total for the Quarter:$ 0.375

The Company has not skipped, reduced, or deferred a monthly Series C Preferred Stock distribution to date.

Series E Preferred Stock (Unlisted): $0.104167 per share of Series E Preferred Stock for each of October, November and December 2026, payable per the table below:

Summary of Series E Preferred Stock Cash Distributions

Record Date

Payment Date

Amount

October 28

November 5

$ 0.104167

November 25

December 4

0.104167

December 28

January 5

0.104167

Total for the Quarter:$ 0.312501

The Company has not skipped, reduced, or deferred a monthly Series E Preferred Stock distribution to date.

About Gladstone Land:

Gladstone Land is a publicly-traded real estate investment trust that invests in farmland located in major agricultural markets in the U.S., which it leases to farmers. The Company currently owns 143 farms, comprised of approximately 98,000 acres in 14 different states and nearly 56,000 acre-feet of water assets in California. Additional information can be found at www.GladstoneLand.com.

For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.

For further information: Gladstone Land Corporation, (703) 287-5893

SOURCE: Gladstone Land Corporation

Insiders Are Selling These 3 Stocks, Should You?Workday NASDAQ: WDAY outlined an AI-focused product, monetization and go-to-market strategy at its 2026 Analyst Day, with executives emphasizing that the company intends to expand beyond traditional subscription software into agent-based, platform and consumption-oriented revenue streams.

Co-founder, CEO and Chair Aneel Bhusri said the company is in a “re-refounding” moment driven by artificial intelligence. He described Workday’s single data model, security model and version of its software as advantages for deploying AI across HR and finance workflows. Bhusri said the company has data related to 80 million employees and 11,500 customers, along with customer agreements allowing it to train models using aggregated and anonymized data.

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From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens“This is not just another product cycle,” Bhusri said, arguing that AI can move work through business processes but must operate within the controls needed for regulated HR and finance functions. He characterized Workday’s approach as “lawful” AI, built around existing permissions, workflows and business rules, rather than AI systems that operate outside those controls.

AI products and monetization
Workday said it has reduced its agent portfolio from 50 agents to 20, including 17 in production and three more planned. Bhusri said the company is prioritizing agents that can be used at scale across its core HR and finance products rather than niche offerings.

Workday Validates AI Flywheel: Stock Price Recovery BeginsThe company identified five ways to monetize its platform:

AI agents sold through Flex Credits;
APIs for access to Workday capabilities from third-party applications;
Workday Data Cloud for analytics and combining Workday data with other datasets;
Workday Extend AI for custom applications and agents; and
Core application subscriptions.

Chief Financial Officer Zane Rowe said Workday is approaching $600 million in annual recurring revenue from its AI agents and AI portfolio, more than three times the level discussed a year earlier. Three areas—Sana, Extend AI, HiredScore and Paradox—were described as exceeding $100 million in revenue, while Sana is approaching that threshold.

As of the second quarter, Rowe said 300 customers had signed up for Flex Credits, while more than 5,500 customers were using Workday’s organic AI agents. He added that nearly 900 customers purchased at least one agent over the trailing 12 months, generating roughly a 12% uplift from that subset of customers.

Workday expects AI to account for more than half of incremental customer-base annual recurring revenue this year and about 70% of its selling motion next year, Rowe said. The company also maintained its expectation for 11% subscription revenue growth entering fiscal 2028, while noting potential upside from customer adoption of agents and other AI offerings.

Broader market opportunity and identity
Rowe said Workday estimates its total addressable market at $276 billion, including approximately $176 billion across HCM and financial-management markets and a $100 billion opportunity in AI and platform offerings. The company said the estimate excludes potential opportunities in IT service management and identity.

Executives highlighted the company’s announced C1 acquisition as a way to extend Workday into identity governance and security. Bhusri said HR systems are the source of employee identity data, while C1’s task-based identity and permissioning capabilities could help govern both human users and AI agents.

President of Product and Technology Gerrit Kazmaier said AI agents require real-time permissions and controls that traditional identity approaches were not designed to provide. He said Workday expects AI agents eventually to outnumber human identities and views identity governance as a new growth opportunity.

Platform and product updates
Chief Technology Officer Gabe Monroy said Workday’s Agent-Ready Tools and Workday Data Cloud are generally available. The company’s platform is designed to give customers headless access to Workday data and workflows while preserving permissioning and approval processes.

Monroy contrasted that approach with exporting Workday data into external data lakes or custom systems, which he said can separate data from the security rules and business processes that govern it. Workday said its Agent Harness, also generally available, provides a runtime with memory, guardrails, routing and visibility into AI reasoning and context.

Workday is also expanding access for developers. Monroy said developers can now create a free account at developer.workday.com and obtain a developer tenant. Since June, 125 customers have built 500 agents and 6,000 forms-based applications using Workday’s Developer Agent, according to Monroy.

Commercial execution and financial framework
President and Chief Commercial Officer Rob Enslin said Workday is focusing commercial investments on customer expansion, specialized centers of excellence, medium-enterprise customers and international markets. In the medium-enterprise segment, he said net-new deal sizes rose nearly 20% year over year, while Workday GO volume increased more than fivefold in the second quarter from the first quarter.

Enslin said 25% of Workday’s core customer base has adopted one or more AI products, representing $600 million of ARR, compared with just over 10% a year earlier. Workday has also signed 18 companies for its Sana Enterprise Lighthouse program, under which customers will co-innovate with the company and serve as references in exchange for one year of waived licensing.

On profitability, Rowe said Workday continues to target non-GAAP operating margin above 33% and expects stock-based compensation to be about 15% of revenue next year. The company expects free cash flow per share of $13 this year and $15 in fiscal 2028. Workday also said it has $4 billion remaining under an open-ended share repurchase authorization after completing its previously announced $5 billion buyback sooner than expected.

About Workday (NASDAQ:WDAY)Workday, Inc develops cloud-based enterprise software for managing an organization's people, finances and operations. Its platform is primarily used by businesses, government agencies and educational institutions to support human resources, finance, planning, analytics and related administrative processes.

The company's offerings include Workday Human Capital Management, Financial Management, Adaptive Planning, Spend Management, payroll, recruiting, talent management, learning and workforce analytics.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Pump.fun [PUMP] has corrected by 25.8% in the past nine days and has experienced a 12.68% decline in the past 24 hours as of writing. This decline came alongside a Bitcoin [BTC] price slide below $83k, but there were other factors affecting PUMP token sentiment.

Pump.fun faces 6.57M sandwich bot attacks Blockchain data provider Bitquery published data on the vast number of sandwich attacks on Solana [SOL]. Between the 30th of October, 2025, and the 7th of October, 2026, they counted 6.85 million sandwich attacks made by 2,545 bot wallets against 2,154,994 different wallets.

A sandwich bot profits by buying a token just before a user’s trade and selling immediately afterward, exploiting slippage to earn $29.7 million from traders’ worse execution prices.

Notably, 96% of the detected attacks were on the Pump.fun platform, where most new Solana memecoins start trading. The bots took 309,010 SOL, 39% of which was from other rival bots. The $29.8 million estimate was computed using the SOL price at the minute of the attack and does not measure net profit (since some attacks lose money after costs).

The findings likely damaged user trust and could have a bigger impact on PUMP token prices in the future.

PUMP remains inside a steady uptrend Source: PUMP/USDT on TradingView PUMP has been trending higher in recent weeks, starting in early August when the $0.00225 swing high was breached. The A/D indicator has been steadily rising since the second half of August.

The CMF also had a couple of weeks where the indicator’s values were consistently around +0.20 to signal heavy capital inflows. This demand helped the altcoin rally to $0.0054 and $0.0068.

The retracement in the past nine days was within this uptrend. The golden pocket between $0.0041 and $0.0047 could be a buying opportunity for swing traders and investors.

Final Summary Sandwich attacks on Solana measured over 11 months found $29.7 million in SOL extracted over 6.85 million sandwich attacks, 96% of which occurred on the Pump.fun platform. The PUMP token price was in a retracement over the past two weeks alongside the broader market selling pressure.

Researchers at the Center for Cryptocurrency Research and Engineering (IC3E) from Imperial College London have published major research on post-quantum Bitcoin security. The paper proposes a model that would make Bitcoin transfers private and quantum-proof, all without the need for a soft fork.

Bitcoin’s quantum resistance proposals Back in 2018-2020, the group’s research dubbed “Commit-Delay-Reveal” proposed a similar quantum-secure Bitcoin framework. 

While clever, it required a network soft fork and thereafter asset migration from vulnerable ECDSA addresses to the quantum-resistant chain using a multi-step time delay. The method would also have demanded network-wide protocol upgrades and triggered heated debates among developers.

An alternative was the traditional way of transitioning from ECDSA to lattice-based or hash-based alternatives. However, this would still demand a soft fork, which is socially and technologically difficult to coordinate. The model would also likely cause deployment delays, consensus realignment issues, and network congestion due to larger signature sizes/Zero-Knowledge (ZK) proofs.

What the latest research showsThe group’s newest “Compact Shielded Client-Side Validation (CSV)” framework is a grand breakthrough that eliminates the soft fork challenge.

Rather than enforcing changes at the consensus layer, it layers advanced post-quantum cryptographic technology on top of current transaction architectures. 

This means that all bulky post-quantum keys, transaction histories, and algorithmic proofs would get verified at the peer-to-peer level. The underlying Bitcoin blockchain becomes an immutable ledger rather than a computational engine.

Note that using this quantum-safe layer requires clients to download compatible client software to conduct transactions over the Bitcoin network.

Recent events in the quantum spaceMore recently, Ethereum’s co-founder Vitalik Buterin and Cardano’s founder Charles Hoskinson had a disagreement surrounding quantum security mechanisms. Vitalik supported hashes while Hoskinson bet on lattices.

Despite the debate, the crypto community is encouraged to conduct any migrations to quantum-proof addresses in a meticulous manner to prevent loss of funds.

Story Ends Here

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XRP’s share of the total cryptocurrency market fell from roughly 5% in July 2025 to about 3% by October 2026, as Ripple’s native token lost ground despite ongoing institutional developments.

XRP Valuation Suffers Steep DeclineXRP reached prices near $3.42 in July 2025, with around 59.2 billion tokens circulating at that time. By mid-October 2026, the price declined to $1.34 while the circulating supply expanded to 63.1 billion XRP.

The combined effect of lower prices and increased supply saw XRP’s market capitalization drop from approximately $202 billion to $85 billion. This change represents a $117 billion decrease, amounting to a reduction of around 58% in overall market value.

While market capitalization tracks the total valuation of a crypto asset, market dominance measures its share relative to the broader market. An asset can lose market share even if it gains value, particularly if other cryptocurrencies experience stronger growth in the same period.

Competition from assets such as BNB and major stablecoins continues to put pressure on XRP’s ranking, taking up more of the total digital asset market and contributing to the token’s declining market share.

XRP’s slide in market share demonstrates that sustaining both price and dominance can be challenging, especially as larger blockchain ecosystems and rival assets draw greater investor interest and liquidity.

Institutional Adoption Outpaces Native Token DemandRipple has advanced its institutional services, expanding in areas like cross-border payments and asset tokenization with several high-profile partnerships. In September, a major Brazilian infrastructure provider managing approximately $4 trillion in assets integrated the XRP Ledger to reflect investment fund ownership records.

The growing tokenization sector signals increased institutional interest in blockchain-based settlement and asset issuance, yet such developments have not fueled a comparable increase in demand for XRP itself.

XRPL documentation shows that standard transactions only require a minimum fee of 10 drops, or 0.00001 XRP. As a result, even major spikes in network activity can translate into minimal demand for the native token, explaining the disconnect between ecosystem progress and XRP price dynamics.

A further complication involves XRP’s circulating supply, which continues to climb as new tokens are released from escrow each month. However, these newly available tokens are not always immediately sold, as unused amounts may be relocked according to the network’s schedule.

Traders monitoring technical patterns and market behavior often look for indicators beyond simple price action to anticipate token trends. In the meme token sector, for instance, an internet trend can trigger considerable trading volumes in a matter of days. Data from Fomo App highlights a notable trade in which a $99 purchase of “Niu Lai” was transformed into roughly $370,000, underscoring the rapid shifts seen in this part of the market. To navigate this volatility, tracking both price levels and investor moves has become increasingly vital. Fomo App consolidates these features by combining token research, real-time trading, social feeds, and investor rankings on one platform, providing a single point of access for following meme token activity.

While Ripple’s institutional business continues to expand, actual transaction fees on the network remain low, meaning increased adoption does not always result in proportional XRP demand or price appreciation.

Clearpool has rolled out a redesigned version of its decentralized application. The new interface includes a dedicated swap tool that lets holders convert their CPOOL tokens into a new token called CLEAR at a 1:1 ratio.

The tool went live on October 5, 2026, at clearpool.finance/swap. It arrives three days after the protocol’s community voted to approve a broader strategic shift.

What changed and what holders get The migration follows a Snapshot governance vote held on October 2, 2026. According to the research findings, 97.16% of participants backed both the expansion to the XRP Ledger (XRPL) and the token migration.

The token economics are shifting along with the ticker. CLEAR will launch with a supply of 1.125 billion tokens, up from the 1 billion CPOOL tokens that existed before.

Of that new supply, 70% is set to go to existing CPOOL holders through the 1:1 conversion.

There is also a new value-return mechanism. Clearpool plans to direct 50% of protocol fees toward buying CLEAR on the open market and burning it.

Implementation of the broader plan is scheduled for the fourth quarter of 2026. The research findings note that comprehensive details are expected to be disclosed later.

The XRP Ledger pivot The token swap is the visible piece of a larger strategic move. Clearpool is pivoting toward institutional lending products on the XRP Ledger.

Those loans are set to be settled in RLUSD, the stablecoin issued by Ripple.

Clearpool is executing the initiative alongside several partners. Ripple is involved, as is Cicada Partners, while Hex Trust is handling custody services.

The protocol is not a newcomer. Clearpool launched on Ethereum in 2021 and has originated nearly $1 billion in loans since then.

Why the rebrand and migration matter For existing holders, the immediate question is practical. The 1:1 swap preserves their token count, but the supply increase to 1.125 billion means each token represents a slightly smaller share of the total than before.

Holders and observers should watch a few things over the coming months. The first is the remaining 30% of CLEAR supply, since how those tokens are allocated and released will shape the token’s dilution profile.

The second is the timeline. The plan is scheduled for Q4 2026, and further details are expected, so the specifics of the XRPL lending launch will clarify how quickly the new business can generate fees.

The third is participation in the swap itself. Migrations depend on holders actually showing up to convert, and a new dApp design with a dedicated swap page is clearly meant to make that step as frictionless as possible.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

Coinbase

Coinbase’s Ethereum Layer-2 network, Base, has introduced “Earn & Borrow,” an integration layer allowing applications to provide features such as variable-rate stablecoin yield and crypto-collateralized loans. This new system utilizes third-party protocols like Morpho and Aave. The update aims to enhance in-app access to credit and yield markets built on Base, rather than introducing a native lending protocol. Recent data indicates an average stablecoin yield of 4.45% in these markets, excluding incentives. This development could indicate a significant increase in Ethereum’s utility, potentially influencing market perceptions of its future price potential.

Key Takeaways Introduction of “Earn & Borrow” on Base suggests increased utility for Ethereum, potentially enhancing its market perception. Current market pricing for Ethereum reaching $10,000 by December 2026 remains low, with a 0.9% YES probability. The development is consistent with scenarios where Ethereum’s growing functionality supports higher future valuations. What to Watch Watch for any significant shifts in Ethereum’s price movement following the integration announcement. Observers will be keen to see if this development leads to increased adoption and use of Ethereum-based financial services. Additionally, monitoring any changes in stablecoin yields and loan demand on Base could provide further insights into the network’s impact on the Ethereum ecosystem.

Term Structure

Contract Odds Δ since publish Volume 24h December 31, 2026 0.9% — — View market → December 31, 2026 0.9% — — View market → December 31, 2026 2.4% — — View market → December 31, 2026 3.1% — — View market → December 31, 2026 5% — — View market → January 1 2027 18.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 1.1% — — View market → January 1 2027 1.1% — — View market → January 1 2027 2.5% — — View market → January 1 2027 4% — — View market → January 1 2027 8.5% — — View market → January 1 2027 8.6% — — View market → January 1 2027 2.6% — — View market → January 1 2027 1.6% — — View market → January 1 2027 5.5% — — View market → January 1 2027 42.5% — — View market → January 1 2027 15.5% — — View market → January 1 2027 2.1% — — View market → January 1 2027 24.5% — — View market → January 1 2027 48.5% — — View market →

According to reports from The Paper, the Qian Zhimin case — involving over 40 billion yuan in illegal fundraising and more than 60,000 Bitcoin — has seen new progress in China’s judicial process. On October 13, the Tianjin No.2 Intermediate People’s Court announced that it had accepted on September 28 the application by the Second Branch of the Tianjin Municipal People’s Procuratorate to confiscate illegal gains from suspect Qian Zhimin. Per the court’s released property confiscation list, in addition to Bitcoin, the virtual currencies involved include 72,745.79502 Bitcoin Cash, 72,745.78555 Bitcoin Gold, 72,745.7845 Bitcoin Satoshi Vision, 3,605,989.9995 Ripple, and 70,081,208.62553222 Dogecoin (converted by UK authorities and deposited in an interest-bearing account). Other properties targeted for confiscation include US dollar, euro, and British pound cash, jewelry, bank balances, investment portfolios, and more. The Second Branch of the Tianjin Municipal People’s Procuratorate stated that Qian Zhimin is suspected of illegal fundraising fraud, was placed on a wanted list after fleeing, and has failed to appear in court for over a year. Evidence confirms that more than 61,800 Bitcoin and other assets seized in the UK are illegal gains and their proceeds. The procuratorate requests that these illegal gains, as well as their converted, transformed, and derived properties and proceeds, be recovered and confiscated, with the exception of those legally returned to defrauded fundraising participants.

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