Market Signal Briefing

NEW YORK and NEW ORLEANS, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 28, 2025 to file lead plaintiff applications in a securities class action lawsuit against Dow Inc. (NYSE: DOW), if they purchased the Company’s securities between January 30, 2025 and July 23, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Michigan.

What You May Do

If you purchased securities of Dow and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-dow/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 28, 2025.

About the Lawsuit

Dow and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 24, 2025, the Company disclosed a 2Q 2025 non-GAAP loss per share of $0.42, much larger than the approximate $0.17 to $0.18 per share loss expected by analysts, and net sales of $10.1 billion, representing a 7.3% year-over-year decline and missing consensus estimates by $130 million, “reflecting declines in all operating segments” due in part to “the lower-for-longer earnings environment that our industry is facing, amplified by recent trade and tariff uncertainties.” Further, the Company disclosed that it was cutting its dividend in half, from $0.70 per share to only $0.35 per share, citing the need for “financial flexibility amidst a persistently challenging macroeconomic environment.”

On this news, the price of Dow’s shares fell $5.30 per share, or 17.45%, to close at $25.07 per share on July 24, 2025.

The case is Sarti v. Dow Inc., No. 25-cv-12744.

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, New Jersey, 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.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

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NEW YORK and NEW ORLEANS, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 12, 2025 to file lead plaintiff applications in a securities class action lawsuit against V.F. Corporation. (NYSE: VFC), if they purchased or otherwise acquired VFC securities between October 30, 2023 and May 20, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Colorado.

What You May Do

If you purchased securities of V.F. and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-vfc/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 12, 2025.

About the Lawsuit

V.F. and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On May 21, 2025, the Company announced its fourth quarter and full-year fiscal 2025 results, disclosing a significant decline in its Vans brand growth trajectory, which decreased from an 8% loss the quarter before to a 20% loss in the fourth quarter, and noting such decline would continue through the next quarter, largely due to “a direct effect of deliberately reduced revenue to eliminate unprofitable or unproductive businesses” and “an additional set of deliberate actions” already in place but previously unannounced.

On this news, the price of V.F.’s shares fell from a closing price of $14.43 per share on May 20, 2025 to $12.15 per share on May 21, 2025, a decline of about 15.8% in the span of just a single day.  

The case is Brenton v. V.F. Corporation, No. 25-cv-02878.

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, New Jersey, 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.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

NEW YORK and NEW ORLEANS, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 18, 2025 to file lead plaintiff applications in a securities class action lawsuit against KBR, Inc. (NYSE: KBR), if they purchased or otherwise acquired the Company’s securities between May 6, 2025 and June 19, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of Texas.

What You May Do

If you purchased securities of KBR and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-kbr/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by November 18, 2025.

About the Lawsuit

KBR and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On June 19, 2025, HomeSafe Alliance (“HomeSafe”), a KBR joint venture in which KBR has a 72% economic interest, disclosed that it received “a notice from the U.S. Department of Defense's Transportation Command (TRANSCOM) terminating the Global Household Goods Contract, which HomeSafe won in 2021 to transform the military move system for the benefit of service members and their families.”

On this news, the price of KBR’s shares fell $3.85 per share, or 7.29%, to close at $48.93 on June 20, 2025. On June 23, 2025, the next trading day, KBR stock fell a further $1.30, or 2.65%, to close at $47.63 on June 23, 2025.

The case is Norrman v. KBR, Inc., et al., No. 25-cv-04464.

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, New Jersey, 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.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163

CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn

October 07, 2025 9:30 PM EDT | Source: McFarlane Lake Mining Limited
Toronto, Ontario--(Newsfile Corp. - October 7, 2025) - McFarlane Lake Mining Limited (CSE: MLM) (OTCQB: MLMLF) ("McFarlane Lake" or the "Company"), a Canadian gold exploration and development company, announces that, further to its news release dated September 22, 2025 regarding its offering (the "Offering") under the listed issuer financing exemption pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935, the Company has filed an amended and restated offering document on SEDAR+ to reflect recent developments.

These developments include the completion on September 29, 2025 of the first tranche of the Offering, the closing of a US$15 million bridge financing, and the completion of the acquisition of the Juby Project and an interest in the Knight Properties from Aris Mining Holdings Corp. ("AMHC") pursuant to the asset purchase agreement dated July 7, 2025, among the Company, Aris Mining Corporation, and AMHC. In addition, on October 7, 2025, the Company announced an initial Mineral Resource Estimate for the Juby Project.

All other terms and conditions of the Offering remain unchanged. The Company expects to close the second tranche of the Offering on or about October 9, 2025, subject to the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange ("CSE"). For further information regarding the Offering, investors should refer to the Company's news release dated September 22, 2025 and the amended and restated offering document, each of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca.

About McFarlane Lake Mining

McFarlane Lake is a gold exploration company focused on exploring and advancing the Juby Gold project near Gowganda, Ontario. The Juby Gold project has a NI 43-101 Inferred resource of 3.17 million ounces of gold at 0.89 grams per tonne ("gpt") and Indicated resources 1.01 million ounces of gold at 0.98 gpt. These resources have an effective date of September 29, 2025. The full technical report on these resources will be issued within 45 days of the Company's Mineral Resource Estimate announcement. The technical report will be issued by BBA E&C Inc., an independent organization from McFarlane Lake Mining. McFarlane is currently planning to perform exploration drilling on the Juby Gold Project as well as other study work to advance the development of the property.

McFarlane's other properties include the past producing McMillan Gold Mine property and Mongowin gold property located 70 km west of Sudbury, Ontario. The High Lake mineral property located immediately east of the Ontario-Manitoba border and the West Hawk Lake mineral property located immediately west of the Ontario-Manitoba border. In addition, McFarlane Lake owns the Michaud/Munro mineral properties 115 km east of Timmins. McFarlane Lake is a "reporting issuer" under applicable securities legislation in the provinces of Ontario, British Columbia and Alberta.

Additional information on McFarlane Lake can be found by reviewing its profile on SEDAR+ at www.sedarplus.com.

Advisors

Wildeboer Dellelce LLP is acting as legal counsel for McFarlane Lake.

Cautionary Note Regarding Forward-Looking Information:

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. Forward-looking statements in this news release include, but are not limited to, statements regarding the expected timing and completion of the second tranche of the Offering, the proposed use of proceeds therefrom, the anticipated receipt of any required regulatory approvals, and other statements that are not historical facts.

All statements in this news release, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, projections and assumptions made by management as of the date of this news release. Forward-looking statements are often, but not always, identified by the use of words such as "expects", "anticipates", "plans", "intends", "believes", "estimates", "projects", "potential", "possible", "target", "scheduled", or variations of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of McFarlane Lake to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, those described under the heading "Risk Factors" in the Company's Annual Information Form dated November 27, 2024, and other disclosure documents filed by the Company with Canadian securities regulators, all of which are available under the Company's profile on SEDAR+ at www.sedarplus.ca.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof, and McFarlane Lake disclaims any obligation to update or revise them to reflect new events or circumstances, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269591

-

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, announced today the pricing of its previously announced underwritten offering. Joby will sell 30,500,000 shares of common stock at an offering price of $16.85 per share, resulting in gross proceeds of approximately $513.9 million. In connection with the offering, Joby has granted the underwriter a 30-day option to purchase up to an additional 4,575,000 shares of common stock. Joby currently intends to use the net proceeds that it will receive from the offering, together with existing cash, cash equivalents and short-term investments, to fund its certification and manufacturing efforts, prepare for commercial operations and for general working capital and other general corporate purposes. The offering is expected to close on October 9, 2025, subject to satisfaction of customary closing conditions.

Morgan Stanley is acting as book-running manager for the offering.

A registration statement on Form S-3 relating to the shares being sold in this offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 24, 2024 and became automatically effective upon filing. This offering is being made only by means of a prospectus. A copy of the final prospectus supplement and the accompanying prospectus relating to this offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the final prospectus supplement and the accompanying prospectus relating to this offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Joby

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi, which it intends to operate as part of a fast, quiet and convenient service in cities around the world.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion and timing of closing of the offering and the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Joby’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including the trading price and volatility of Joby’s common stock and risks relating to Joby’s business and the satisfaction of closing conditions in the underwriting agreement related to the offering. For a further description of the risks and uncertainties relating to Joby’s business in general, see the prospectus supplement related to the offering and Joby’s current and future reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025. The forward-looking statements included in this press release speak only as of the date of this press release, and Joby does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

More News From Joby Aviation, Inc.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in OPRX over 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.

-

DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) (“SSR Mining” or the “Company”) announces the date for its third quarter 2025 consolidated financial results news release and conference call. Investors, media and the public are invited to listen to the conference call.

News release containing third quarter 2025 consolidated financial results: Tuesday, November 4, 2025, after markets close.

 

Conference call and webcast: Tuesday, November 4, 2025, at 5:00 pm EST.

 

Toll-free in U.S. and Canada:

+1 (833) 752-3757

 

All other callers:

+1 (412) 652-1234

 

For the webcast or to register for expedited access to the call: ir.ssrmining.com/investors/events.

 

The webcast will be available on our website. Audio replay will be available for two weeks by dialing:

 

Toll-free in U.S. and Canada:

+1 (855) 669-9658, replay code 4473128

 

All other callers:

+1 (412) 317-0088, replay code 4473128

About SSR Mining

SSR Mining is listed under the ticker symbol SSRM on the Nasdaq and the TSX.

For more information, please visit: www.ssrmining.com.

More News From SSR Mining Inc.

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Published: Oct 8, 2025, 02:28 GMT+00:00

Gold extends its rally on safe-haven demand and Fed rate cut expectations, silver consolidates near resistance amid bullish momentum, while the U.S. Dollar Index rebounds from long-term support.

Gold (XAUUSD) surged to a new record high of $4,000, supported by strong safe-haven demand. The rally reflects rising uncertainty over a U.S. government shutdown and a weakening labour market. Expectations of Federal Reserve rate cuts further lifted bullion, with markets pricing in a 94.6% probability of a 25-basis-point cut in October.

Moreover, geopolitical tensions and strong central bank buying continue to support gold prices. The People’s Bank of China added to its gold reserves for the eleventh consecutive month, while Goldman Sachs raised its 2026 gold target to $4,900. In addition, political instability in France and Japan, along with the ongoing Russia‑Ukraine conflict, further reinforces gold’s bullish momentum.

Meanwhile, falling U.S. Treasury yields have reduced the opportunity cost of holding gold. The 10-year yield dropped to 4.13%, showing signs of negative price action. A break below 4.00% could trigger a sharper decline in yields. Additionally, while the U.S. dollar is rebounding from long-term support, gold prices remain supported as inflation expectations continue to rise.

Gold Technical Analysis
XAUUSD Daily Chart – Ascending Broadening Wedge
The daily chart for spot gold indicates that the price has reached a strong long-term resistance level near $4,000. Despite this resistance, the price remains firm, suggesting potential for further upside. The chart below highlights a key target zone between $4,000 and $4,100, defined by the upper boundary of an ascending broadening wedge pattern.

A breakout above $4,100 would likely trigger another surge toward higher price levels. A confirmed clearance of the $4,000 barrier could pave the way for a broader target of around $6,000. Strong support remains at the $3,500 level. Meanwhile, the $4,100 zone is also visible on the daily chart and may act as the next intermediate resistance.

XAUUSD 4-Hour Chart – Ascending Channel
The 4-hour chart for spot gold shows that the price has formed an ascending channel pattern, with the $4,000 target aligning with the upper resistance of this channel. A breakout above $4,000 could trigger another strong move toward higher levels. However, in the event of a correction, spot gold may find support around the $3,870 region.

Silver Technical Analysis
XAGUSD Daily Chart – Resistance of $49
The daily chart for spot silver shows a strong bullish price structure, forming within the course of an inverted head-and-shoulders pattern and other bullish formations. The breakout above $35 triggered a sharp rally, pushing prices toward the resistance level near $48.

After testing this level, silver attempted to form a reversal candle, but no significant correction has followed yet. This suggests that the price may consolidate between $48 and $50 in the short term.

However, silver remains in extreme overbought territory, as indicated by the RSI. This, combined with the strong resistance zone between $48–$50, may lead to a notable correction before the next leg higher. Key short-term support lies between $40 and $45. However, a deeper pullback could take silver back toward the $35 level.

XAGUSD 4-Hour Chart – Ascending Broadening Wedge
The 4-hour chart for spot silver (XAG) shows that the price has reached strong resistance at the top of an ascending broadening wedge. A breakout above $48 could trigger another bullish surge toward the $50 area in the short term. However, the strong resistance remains within the $48 to $50 level.

US Dollar Index Technical Analysis
US Dollar Daily – Rebound from Long-Term Support
The daily chart for the U.S. Dollar Index indicates that the index has failed to break below the key support level at 96.50. The index formed a bullish hammer pattern following the Federal Reserve’s interest rate cut.

The index is now rebounding toward the 100.50 level after clearing resistance at 98.60. As long as it remains below 100.50, the next directional move is likely to be lower. However, a decisive breakout above 100.50, followed by a move above the 200-day SMA near 101, would signal further upside potential for the USD Index.

US Dollar 4-Hour Chart – Inverted Head and Shoulder
The 4-hour chart for the U.S. Dollar Index shows that the index is attempting a breakout above 98.60, with potential to move toward the 99.20 and 100.50 levels. The formation of an inverted head-and-shoulders pattern following the rebound from 96.50 suggests a phase of bullish consolidation.

However, as long as the index remains below 100.50, the broader trend remains bearish, and this rebound may present a selling opportunity. A confirmed breakout above 100.50 would neutralise the current downtrend and could trigger further upside momentum.

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Muhammad Umair is a finance MBA and engineering PhD. As a seasoned financial analyst specializing in currencies and precious metals, he combines his multidisciplinary academic background to deliver a data-driven, contrarian perspective. As founder of Gold Predictors, he leads a team providing advanced market analytics, quantitative research, and refined precious metals trading strategies.

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VANCOUVER, British Columbia, Oct. 07, 2025 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and data center technology company, today announces its preliminary operational results for September 2025:

Bitcoin mined: 23 BTC (vs 23 BTC in August 2025)Hashrate: 1.65 EH/s (vs 1.53 EH/s in August 2025)Bitcoin balance: 342 BTC (vs 324 BTC in August 2025) In September 2025, DMG’s hashrate was 1.65 EH/s, compared to 1.53 EH/s in August, which is back in line with July results as the Company operated the full month. The Company’s hydro miners encountered downtime due to recurring contamination issues, as our operations team adjusted its water-glycol mix to support the upcoming winter months, and hence the hydro equipment did not operate consistently at its rated 0.4 EH/s.

At the end of September, DMG held 342 BTC, as it utilized its debt facility to limit its bitcoin liquidations to rebuild its bitcoin balance. Regarding implementation of a formal treasury policy, in the near term, DMG is deferring any changes to its current policy, based on which it considers bitcoin as part of its working capital, as the Company is pursuing the potential acquisition of additional capital assets to enable its artificial intelligence (AI) infrastructure build-outs in a non-dilutive manner. Even as the Company’s share price has materially increased in the past month, management believes that an equity raise at current levels would not be in the best interest of shareholders.

Sheldon Bennett, DMG’s CEO, commented, “We remain optimistic about our opportunities in AI and digital asset financial services, areas for which we are focused on building as the pillars of Company growth going forward. For AI, we continue to focus on both Canadian government and military sector opportunities as well the enterprise market. Additionally, with respect to our relationship with the Malahat First Nation, we are working towards definitive agreements that support both AI and the power generation to energize that AI. Finally, we are encouraged by the longer-term opportunity for our digital asset custody business, for which we expect it to ramp up revenue in the coming calendar year.”

About DMG Blockchain Solutions Inc.

DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner.

For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights.

For further information, please contact:

On behalf of the Board of Directors,

Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: [email protected]
Web: www.dmgblockchain.com

For Investor Relations:
[email protected]

For Media Inquiries:
[email protected]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG’s strategies and plans, increasing the Company’s bitcoin balance and limit further reductions in its debt, explore building a broader digital asset portfolio, pursuing the potential acquisition of additional capital assets to enable its artificial intelligence (AI) infrastructure build-outs in a non-dilutive manner, working towards definitive agreements with the Malahat Nation that support both AI and the power generation to energize that AI, the expected ramp up revenue in the coming calendar year with the digital asset custody business, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company’s products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.

Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company's financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG's bitcoin; DMG's relationships with its customers, distributors and business partners; the inability to add more power to DMG's facilities; DMG's ability to successfully define, design and release new products in a timely manner that meet customers' needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG's business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company's ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG's products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

BNB hits new all-time high amid rising memecoin activities; surpasses XRP in market value Oluwapelumi Adejumo · 1 hour ago · 3 min read

BNB Chain's expanding value and robust trading volumes fuel BNB's rise to third-largest crypto, overtaking XRP.

Oct. 8, 2025 at 12:51 am UTC

3 min read

Updated: Oct. 8, 2025 at 12:51 am UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

BNB, the native token of Binance’s BNB Chain, has reclaimed the spotlight after soaring to a new all-time high, cementing its position as the world’s third-largest crypto by market capitalization.

Data from CryptoSlate shows that BNB reached a record high of $1,335 on Oct. 7, before slightly retracing to around $1,306 as of press time.

The token has remained up more than 6% in the past 24 hours, making it one of the market’s top performers during the day. Over the past week, BNB has gained nearly 30%, extending its monthly rally to roughly 50%.

That surge allowed BNB to overtake XRP in total market value. As of press time, BNB’s capitalization stands at $182.6 billion, surpassing XRP’s $178 billion.

Top 10 Crypto by Market Capitalization. (Source: Cryptorank)The token now trails only Bitcoin and Ethereum in global rankings, representing about 32% of ETH’s $568 billion market cap.

BNB’s growing utilityBNB’s latest rally reflects more than market enthusiasm as it mirrors the digital asset’s expanding utility and network activity across the BNB Chain ecosystem.

Decentralized exchanges such as Aster have seen sharp increases in trading volumes, boosting demand for BNB as the chain’s core gas and governance token.

According to DefiLlama data, BNB Chain’s total value locked (TVL) has grown more than 7% in the past 24 hours, reaching roughly $4.5 billion. During the same period, network fees totaled $4.51 million, while protocol revenue climbed to $2.23 million.

Binance Smart Chain (BSC) DeFi Ecosystem. (Source: DeFiLlama)Moreover, the active addresses on BNB Chain have also surged, with over 73 million recorded in September and 15 million already logged this month.

Venture capital firm YZi Labs noted that BNB’s fundamentals remain “built for mass adoption,” pointing to several key catalysts behind its post-ATH performance.

According to the firm, this includes expanding on-chain momentum, broad staking utility, deflationary tokenomics through dual burn mechanisms, and low transaction costs following the Maxwell hard fork.

It added that institutional players have also begun integrating BNB for treasury and liquidity management, signaling a deeper layer of adoption.

Memecoin momentumBNB’s rally has coincided with a renewed wave of speculative trading on the blockchain network.

Blockchain analytics platform Bubblemaps reported a sharp uptick in memecoin activity, describing the ongoing “BNB memecoin season” as one of the most profitable in recent cycles.

According to the firm, over 100,000 on-chain traders participated in new token launches, with about 70% posting profits.

BNB Memecoin Season (Source: Bubblemaps)Some of the top-performing projects include the $4 memecoin, Binance Life, and PALU, which saw dozens of early traders earn between $100,000 and $1 million in gains.

This influx of retail speculation and capital movement to the network has created a perfect storm for BNB’s momentum — reinforcing its role as both a utility token and a bellwether for broader activity on Binance’s blockchain.

Mentioned in this article

Data shows users on social media are the most bearish toward XRP in six months, a potential setup for a contrarian move in the asset.

XRP Positive/Negative Sentiment Has Plunged Recently
According to data from analytics firm Santiment, social media FUD around XRP has seen a spike recently. The indicator of relevance here is the “Positive/Negative Sentiment,” which tells us about how the bullish and bearish sentiments related to the coin compare on the major social media platforms.

The metric works by first going through posts/messages/threads on these platforms to separate those that contain mentions of the asset. It then puts them through a machine-learning model to divide between positive and negative comments. Finally, it takes the ratio between the counts of each category to find the net situation.

Now, here is the chart shared by Santiment that shows the trend in the Positive/Negative Sentiment for XRP over the past month:

The value of the metric seems to have plunged in recent days | Source: Santiment on X
As displayed in the above graph, the XRP Positive/Negative Sentiment fell to a low of 0.74 a couple of days back, implying bearish comments were notably outpacing bullish ones. The metric followed up with some recovery, but it lasted only briefly as the latest value has again indicated a dominant negative sentiment, with the ratio standing at 0.86.

This latest wave of FUD around the asset on social media is the strongest since six months ago, when Donald Trump’s tariffs shook the market. If history is anything to go by, though, the bearish sentiment among retail traders could actually turn out to be a positive for the cryptocurrency.

Digital assets have often tended to move in a way that goes contrary to the expectations of the crowd. This means that when the investors are overly bearish, a bottom can become probable.

Given that social media users have been fearful toward XRP for two out of the last three days, it’s possible that a contrarian signal could once again be brewing for it. It now remains to be seen how the asset’s trajectory will look in the coming days, and whether social media sentiment will play a part.

In the scenario that XRP does rebound from here, a technical challenge could be waiting for it, as explained by analyst Ali Martinez in an X post.

The channel that the coin has been trading inside for the last two months | Source: @ali_charts on X
As is visible in the chart shared by Martinez, XRP has potentially been stuck inside a Parallel Channel on the 4-hour timeframe during the last couple of months. The upper boundary of the channel lies at $3.15, which has proven to be a resistance barrier for the coin in this period. “A breakout here could trigger a rally to $3.60!” says the analyst.

XRP Price
At the time of writing, XRP is floating around $2.97, up over 4% in the last seven days.

The price of the coin seems to have been moving sideways recently | Source: XRPUSDT on TradingView
Featured image from Dall-E, Santiment.net, charts from TradingView.com

Bitcoin has a 50% probability of surpassing $140,000 this month, according to simulations using data from the past decade, says economist Timothy Peterson.

“There is a 50% chance Bitcoin finishes the month above $140k,” Peterson said in an X post on Wednesday. “But there is a 43% chance Bitcoin finishes below $136k,” he added. 

Bitcoin (BTC) would need to gain about 14.7% to reach $140,000 at its current price of $122,032, which has cooled after the original cryptocurrency set a new all-time high of $126,200 on Monday, according to CoinMarketCap.

Peterson said the simulation shows “half of Bitcoin's October gains may have already happened. He told Cointelegraph that the simulation uses Bitcoin’s daily price data from 2015 to model how the market behaves over time. 

Prediction “not human emotion or biased opinion”Peterson said the prediction stemmed from “hundreds of simulations based purely on real data, not human emotion or biased opinion.”

“Every projection follows the same logic, price changes that match Bitcoin’s real historical, repetitive volatility and rhythm,” he added.

Bitcoin opened Oct. 1 at roughly $116,500, and a rise to $140,000 would represent a 20.17% gain for the month, closely matching Bitcoin’s historical October average. 

October has been Bitcoin’s second-best-performing month on average since 2013, delivering typical gains of 20.75%, according to CoinGlass.

Since 2013, November has been Bitcoin’s best-performing month, averaging gains of 46.02%. Source: CoinGlass
Peterson claimed that the forecast avoids the “bias and noise” that influences short-term sentiment. 

“The result is a clear, probability-based picture of where Bitcoin’s value is most likely to go,” he said.

However, there have been many instances over the years where Bitcoin has diverged from broader market expectations and failed to follow past patterns, even when data suggested otherwise with high confidence.

Broader market remains confident in BitcoinOther crypto analysts anticipate a higher price for Bitcoin after it reached an all-time high on Monday before cooling.

Crypto analyst Jelle said in an X post on Tuesday that Bitcoin is retesting the previous all-time highs and may move higher. “It’s definitely over for bears. Send it higher,” Jelle said. 

Echoing a similar sentiment, crypto analyst Matthew Hyland said in an X post on the same day that “the pressure is building.”

However, Peterson emphasized that “markets are not random in the short term.” 

“They are cyclical in liquidity, sentiment, and positioning. October is historically significant because it marks the turn of institutional capital cycles: the end of Q3 portfolio rebalancing, the start of fiscal year planning for funds, and the approach of year-end reporting windows,” he explained.

Magazine: Hong Kong isn’t the loophole Chinese crypto firms think it is

Prediction market platform Polymarket has recently rolled out bitcoin deposits, giving users new ways to fund their accounts as the leading cryptocurrency hovers near all-time highs. This addition broadens Polymarket's funding options, which already include support for multiple tokens across Ethereum, Polygon, Base, Arbitrum, and Solana.

Ethereum (ETH) is currently trading just below the $4,700 mark after a strong surge that has reignited optimism across the cryptocurrency market. However, before ETH can realistically challenge the long-awaited $5,000 milestone, it must first overcome three major resistance levels that have repeatedly blocked upward momentum in recent months.

The first resistance is around $4,750, a price where Ethereum was previously rejected in early September. The second hurdle sits near $4,850, which marks the late July peak. The most critical barrier lies between $4,950 and $5,000, a psychological and technical ceiling where sellers have historically overpowered buyers. Breaking through these levels would confirm a strong bullish continuation, potentially paving the way for new all-time highs.

Despite this positive setup, Ethereum’s rally shows early signs of exhaustion. The broader market remains uncertain, particularly as Bitcoin struggles around $123,000, which could hinder ETH’s breakout potential. On the technical side, Ethereum continues to trade above both its 50-day and 100-day exponential moving averages (EMAs), indicating underlying strength and short-term support. Yet, without a notable rise in trading volume and market confidence, this recovery risks becoming another failed breakout attempt rather than a sustainable bull run.

In essence, Ethereum’s path to $5,000 is technically clear but fundamentally challenging. Unless buyers can decisively push through all three resistance zones, the market is likely to experience a short-term stall or mild pullback. As traders reassess momentum and appetite for higher risk, Ethereum’s performance in the coming days will be crucial in determining whether this recovery marks the start of a new bullish phase or simply another temporary rebound.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Veteran trader Peter Brandt has issued a fresh bearish outlook on XRP, predicting a possible price fall to $2.22163 if the cryptocurrency closes below $2.68743. In a recent post on X (formerly Twitter), Brandt highlighted a descending triangle pattern on XRP’s chart—a classic bearish formation that signals weakening demand and the potential for a price breakdown.

Brandt’s chart showed XRP forming lower highs alongside a strong horizontal support line near $2.6. Despite multiple attempts, the altcoin has failed to stay above the $3 level, indicating diminishing momentum. This technical weakness has coincided with BNB surpassing XRP to become the third-largest cryptocurrency by market cap, following BNB’s rally to a new all-time high (ATH) above $1,300. Currently, BNB’s market capitalization stands at $178 billion, slightly ahead of XRP’s $177 billion.

While Brandt’s analysis leans bearish, some analysts maintain a more optimistic outlook. Crypto trader CasiTrades noted that XRP’s recent consolidation around the $3 zone could precede a bullish breakout, suggesting the market may be preparing for a Wave 3 rally—a stronger upward move in the Elliott Wave sequence. She identified $4 and $4.50 as the next major resistance zones to watch.

Additionally, on-chain analytics platform Santiment reported that XRP is showing a “buy signal”, citing its highest levels of FUD (fear, uncertainty, and doubt) since the Trump tariffs—conditions that often precede a price rebound. Analyst Ali Martinez also emphasized that a break above $3.15 could propel XRP toward $3.60.

Despite the current uncertainty, XRP’s consolidation phase suggests that the market is at a critical juncture—either confirming Brandt’s bearish triangle or validating bullish expectations for a renewed uptrend.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

ASTER’s recent listing on Binance has reignited market interest, propelling the token back into focus. After a short pullback below $2 following rapid gains, ASTER remains only about 17% below its all-time high, signaling potential for another breakout. On-chain data reveals that ASTER’s largest holders — the top 100 “mega whales” — have increased their holdings by 1.76% in just 24 hours, accumulating approximately 134 million ASTER worth around $264 million. Meanwhile, public-figure wallets added another 236,000 tokens, a 5.34% increase, reflecting growing confidence among prominent investors.

Despite these inflows, smart-money wallets trimmed their positions by 70%, while smaller whales reduced holdings by nearly 10%, offloading about 7.5 million ASTER worth roughly $15 million. Exchange balances have surged by nearly 60% to 625 million ASTER, though this may not signal heavy selling pressure. Given the new Binance listing, much of this increase likely stems from liquidity repositioning rather than outright sales.

Supporting this interpretation, the Money Flow Index (MFI) — an indicator measuring buying and selling pressure — continues trending upward toward 65, indicating sustained capital inflows. Similarly, the Bull-Bear Power (BBP) indicator turned positive on October 5, suggesting bullish momentum is strengthening. These combined signals imply that current “selling pressure” could be more illusion than reality.

Technically, ASTER’s 12-hour chart shows the token trading within an ascending triangle — a bullish formation. A hidden bullish divergence between RSI and price further supports the uptrend. If ASTER breaks above $2.27, a move past its all-time high of $2.43 could follow. However, a drop below $1.66 would invalidate the bullish setup. For now, with RSI holding above 50 and whales accumulating, ASTER’s momentum remains firmly in favor of the bulls — and the market’s attention.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

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Software engineer Vincent Van Code has declared that Ripple will not be just a regular bank. He also alluded to the Fed Master application as one of the interesting aspects amid the crypto firm’s move to obtain a national trust charter. 

Why Ripple Won’t Be A Regular Retail-Style Bank
Vincent Van Code stated that Ripple won’t be a regular retail-style bank following the revelation that the crypto firm was a member of the American Bankers Association (ABA). He stated that it was big news, but opined that Ripple’s application for a Fed Master account is more interesting. The software engineer added that it is surprising how the whole market is oblivious to these advancements and that the XRP price is still hovering around $3. 

Ripple had, through its subsidiary Standard Custody & Trust Company, applied for a Fed Master account at the same time it applied for a national banking license. The firm’s CEO, Brad Garlinghouse, had explained back then that this would enable them to custody their RLUSD reserves directly with the Federal Reserve, further adding another layer of security for the stablecoin. 

Meanwhile, Crypto pundit unknowDLT was the one who pointed out that Ripple was a member of the ABA, while USDC issuer Circle, which has applied for a national banking license, is not. The pundit further remarked that this means that only one crypto company can be considered a bank. UnknowDLT indicated that big things are in store for Ripple and XRP, declaring that the crypto firm will become the world’s largest bank. 

UnknowDLT also echoed Vincent Van Code’s sentiment that the market is oblivious to the advancements that are on the horizon for Ripple and XRP. The crypto pundit claimed that retail investors are distracted by memes and Bitcoin. 

The pundit further remarked that people think that Ripple is dumping XRP on retail investors while the firm continues to build the infrastructure for the new financial system. UnknowDLT added that people have not realized the great potential for appreciation that the XRP will have. 

The Firm’s Application Open For Public Review
XRP influencer Pumpius revealed that Ripple’s application for a U.S. banking license from the Office of the Comptroller of the Currency (OCC) is now open for public review. He remarked that the crypto firm is becoming a bank and that the same company the SEC fought for years is now positioning itself as the “bank of banks” built not on legacy rails but on the XRP Ledger. 

Pumpius added that Ripple’s shift from a crypto company to a liquidity institution is almost complete. It is worth mentioning that the crypto firm is one of many firms that have applied for a national banking license, including Paxos and Circle. Crypto exchange Coinbase also filed for a national trust charter last week.

XRP trading at $2.96 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

The Pi Network (PI) community is heating up after a major announcement revealed that new Decentralized Finance (DeFi) features are now live on the Testnet. With the cryptocurrency currently trading around $0.26 after crashing severely in the past few months, the report of new upgrades raises the question of whether these developments could trigger a strong enough comeback to spark a 900% rally back to $2.98.

Canary Capital's HBAR ETF is nearing SEC approval after filing its final details, including a ticker symbol of HBR and a 0.95% management fee.

SUI Group has joined forces with Ethena and the Sui Foundation to launch suiUSDe and USDi, the first native stablecoins on the Sui blockchain.

Nvidia CEO Jensen Huang sits down with 'Mad Money' host Jim Cramer to talk the state of the AI and semiconductor landscape, competition in the space, President Trump, and much more.

The new Tesla Model Y Standard costs $39,990.

Tesla

2025-10-07T23:55:50Z

Tesla unveiled more affordable versions of the Model 3 and Model Y on Tuesday.
The new models are roughly $5,000 cheaper and have fewer features.
Reactions have been mixed, with Tesla's stock down 4.45% as of market close.

Tesla on Tuesday unveiled its two most affordable electric vehicle models yet, and reactions from analysts and business leaders have been mixed.

Tesla announced its $36,990 Model 3 Standard and $39,990 Model Y Standard, which are about $5,000 cheaper than the prior models and come with fewer features.

Fans and investors have long awaited Tesla's introduction of more affordable models, but the new models may not have been what Wall Street was looking for. Tesla's stock dipped after the announcement, and the share price was down 4.45% at market close on Tuesday.

Here's what analysts, investors, and business leaders have said about the new models.

Notably, Tesla CEO Elon Musk had not posted on X about the new models as of Tuesday evening, though he did post about an update to Tesla's fully self-driving software as well as xAI's Grok.

Dan Ives

Dan Ives and other Wedbush analysts said they were disappointed at the price of Tesla's more affordable models.

Tasos Katopodis/Getty Images for Eightco Holdings and BitMine

Tesla bull Dan Ives and other analysts at Wedbush were disappointed by the announcement on Tuesday.

The analysts said in a note that the lower cost models were highly anticipated but that "this price point is still relatively high versus other vehicles on the market."

The note also said the analysts believed the more affordable models would help boost demand, especially in light of the EV tax credit expiring, but that they were "relatively disappointed with this launch as the price point is only $5k lower than prior Model 3s and Ys."

However, the analysts were optimistic about the FSD update Tesla also announced on Tuesday, as well as the company's potential AI valuation in the future.

"While some might have been hoping for the Roadster announcement or a lower price point, we believe this is a step in the right direction and any knee-jerk reaction should present a buying opportunity to get into Tesla's autonomous path forward," the note said.

Ross Gerber

Ross Gerber has been bearish on Tesla.

Emma McIntyre/Getty Images

Ross Gerber, a longtime Tesla investor, was neither impressed nor surprised by the more affordable models.

"It's another version of the Model Y, and they already launched the best Model Y they've ever built," Gerber told Business Insider. "So the problem is, people are extremely price sensitive. If you have two or three or four models of the same car, which one do you think most people pick? The cheapest one."

"So they will now perceive the brand differently because their experience with it will be different. It now becomes more like Toyota than Mercedes, when Tesla used to be considered a luxury," Gerber added.

"Literally called it," he said in an earlier post on X. "$7500 less good only to eat sales from higher priced models. Why? Because the tax credit got pilfered by the ceo himself."

Gerber, CEO and president of Gerber-Kawasaki Wealth, has been critical of Tesla and Musk, with his firm dumping Tesla stock earlier this year. Gerber said in July that the expiring EV tax credit was a problem for Tesla and predicted the company's stock would decline further, although its share price has since risen.

As of now, Gerber said he still manages around $80 million worth of Tesla shares.

Seth Goldstein

Morningstar analyst Seth Goldstein said the more affordable models could help offset the loss of the EV credit expiring.

Samuel Boivin/NurPhoto via Getty Images

Seth Goldstein, an analyst at Morningstar, said the more affordable options should help Tesla make up for the EV tax credit expiring in September.

"I think a sub-$40,000 price will help Tesla grow deliveries as it opens the Model 3 and Model Y up to more consumers who are not able or willing to pay up for a higher-priced vehicle," he said, according to Reuters.

Gene Munster

Gene Munster suggested the new models could compete with cheaper competitors.

Brian Ach/Getty Images for LocationWorld 2016

Gene Munster, a Tesla investor and managing partner of Deepwater Asset Management, praised Tesla for lower-priced models in an X post and suggested it would allow the company to better compete with more affordable models from competitors.

"For Hyundai, Ford, and Nissan, the challenge isn't price, it's software," he said. "As Full Self-Driving and onboard compute capacity become as central to the EV experience as range, Tesla's software advantage continues to widen."

Tesla

Electric Vehicles

Read next

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.

The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.

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.

SummaryManpowerGroup faces a soft labor market in both the US and Europe, limiting near-term growth prospects ahead of Q3 2025 earnings.MAN is making strategic moves, including hiring a Chief Growth Officer and partnering with Carv, to accelerate digital and AI-led recruitment transformation.Currency tailwinds may mask underlying revenue weakness, but constant-currency sales are still expected to decline by up to 4% in Q3.I maintain my Hold rating: MAN’s cost controls and solid balance sheet provide downside protection, but no clear catalyst for a near-term re-rating exists. Pixelbizz/iStock Editorial via Getty Images

ManpowerGroup Inc. (NYSE:MAN) plans to release its Q3 2025 earnings results in about a week, so I thought I’d preview them now, given that the stock has slipped by about 11% since

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Salesforce reportedly told customers Tuesday (Oct. 7) that it won’t pay a ransom demanded by a hacking group that threatened to publish client data it claims to have stolen.

The company won’t negotiate or pay any extortion demand, Bloomberg reported Tuesday, citing a Salesforce email and comments from a company spokesperson.

Allen Tsai, a Salesforce spokesperson, told Bloomberg that the company is aware of extortion attempts and is in contact with affected customers to provide support.

The information was stolen earlier this year in a breach of Salesloft’s Drift app, which integrates with Salesforce, according to the report.

Other companies have also been impacted by the breach of Drift.

Cloudflare said Sept. 2 that information shared in its customer support system should be considered compromised because the company was affected by the breach of Drift, which allowed someone outside Cloudflare to access the Salesforce instance it uses for customer support and internal customer case management.

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“Most of this information is customer contact information and basic support case data, but some customer support interactions may reveal information about a customer’s configuration and could contain sensitive information like access tokens,” Cloudflare said at the time.

Cloudflare said it searched through the compromised data, found 104 Cloudflare API tokens, rotated those tokens and informed the customers whose data was compromised.

On Sept. 5, it was reported that the number of companies impacted by the cyberattack on Drift, and the ultimate severity of the attack, were unknown but that the data breaches that had been disclosed at that point raised concerns about social engineering attacks that could be strengthened by the data that was stolen.

Several companies had disclosed data breaches that resulted from the attack. The disclosures showed that the data that was stolen includes business contact information and support case content, which is information that is not as sensitive as that taken in other cyber incidents but could be used for social engineering attacks.

PYMNTS reported in August that the weakest link in a company’s cybersecurity defenses could be a trusted vendor, because companies’ reliance on vendors multiplies their own attack surface.