July 23, 2026 16:05 ET | Source: Wintrust Financial Corporation
ROSEMONT, Ill., July 23, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) has approved a quarterly cash dividend of $0.55 per share of outstanding common stock. The dividend is payable on August 20, 2026, to shareholders of record as of August 6, 2026.
Additionally, the Company’s Board of Directors approved a cash dividend on outstanding shares of the Company’s 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F. The dividend is payable on October 15, 2026, to shareholders of record as of October 1, 2026.
About Wintrust
Wintrust is a financial holding company with $74.7 billion in assets whose common stock is traded on the Nasdaq Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit wintrust.com.
Forward-Looking Information
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's Annual Report on Form 10-K for the most recently ended fiscal year and in Wintrust’s subsequent Quarterly Report on Form 10-Q. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.
FOR MORE INFORMATION CONTACT:
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Amy Yuhn, Executive Vice President, Communications
(847) 939-9591
Website address: www.wintrust.com
SummaryThe Fed's recent hawkish pivot sharply increased interest rates, negatively impacting most income sectors.CMT preferreds emerge as a compelling sub-sector, offering potential protection against rising long-term rates.Screening CMT preferreds by reset yield and yield-to-call can help identify attractive opportunities.Looking for a portfolio of ideas like this one? Members of Systematic Income get exclusive access to our subscriber-only portfolios. Learn More » Getty Images
In Kevin Warsh's first press conference in June, the Fed shocked markets and made a hawkish pivot, pushing up interest rates across the yield curve. This development was received badly by most income sectors. This is what the daily move looked
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AGNCL,EFC.PR.B,KEY.PR.L,VLYPN,RITM.PR.D either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. 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.
, /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against AeroVironment, Inc. (NASDAQ: AVAV) ("AeroVironment" or the "Company") on behalf of investors who purchased or acquired AeroVironment common stock during the period from June 25, 2025 through March 10, 2026 (the "Class Period").
Investor Deadline: Investors who purchased or acquired AeroVironment common stock during the Class Period may, no later than July 27, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.
Based in Arlington, Va., AeroVironment is a leading American defense technology company specializing in autonomous systems and unmanned aircraft systems (UAS) and space and directed-energy technologies serving the U.S. Department of Defense, allied governments, and commercial customers globally.
On January 20, 2026, AeroVironment disclosed that the U.S. government had issued a stop work order on the Company's agreement to deliver BADGER systems to the Satellite Communication Augmentation Resource ("SCAR") program. While AeroVironment stated that it expected to continue delivering capabilities under the program, its stock price fell 15.77% on January 20, 2026, closing at $330.89 per share — a decline of $61.97.
On March 2, 2026, Space News reported that the U.S. Space Force was reopening the SCAR program and "reassessing how to move forward," with Colonel Owen Stevens of the Space Rapid Capabilities Office confirming that the Space Force would "move into a new acquisition strategy for SCAR." Following this report, AeroVironment's stock price fell 17.42% on March 2, 2026, closing at $208.32 per share — a drop of $43.93.
On March 10, 2026, AeroVironment reported a third quarter 2026 operating loss of $179.0 million for fiscal year 2026, inclusive of a $151.3 million goodwill impairment in its space division. The Company also disclosed that the Space Force had formally terminated its SCAR contract and that AeroVironment would be required to "recompete" for the program. On this news, AeroVironment's stock fell 6.24% on March 11, 2026, closing at $207.73 per share.
If you are an AeroVironment investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at [email protected] or (215) 875-3015, or Caitlin Adorni at [email protected] or (267) 764-4865.
About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.
For more information or to discuss your rights, please contact:
ALMATY, Kazakhstan & SHANGHAI--(BUSINESS WIRE)--On July 16, 2026, during a meeting between Timur Turlov, CEO of Freedom Holding Corp., and representatives of the global fintech market, the bank signed Memoranda of Understanding with Antom, a leading merchant payment and digitisation services provider under Ant International. The primary goal of this partnership is to develop innovative solutions to facilitate cross-border payments for consumers in Kazakhstan. Antom will promote Freedom Bank Sup.
Moneta Money Bank vykázala za první letošní pololetí čistý zisk 3,3 miliardy korun, což je meziročně o 8,1 procenta více. Výsledky podpořily především vyšší provozní výnosy, zatímco provozní náklady zůstaly prakticky beze změny. Banka zároveň potvrdila celoroční výhled a nově očekává, že původně stanovený cíl překoná.
Provozní výnosy skupiny vzrostly meziročně o 6,5 procenta na 7,2 miliardy korun. Čistý úrokový výnos se zvýšil o 8,5 procenta na 5,2 miliardy korun díky růstu objemu nově poskytnutých úvěrů a úpravě sazeb v hypotečním portfoliu. Čistá úroková marže za první pololetí dosáhla dvou procent.
Pozitivní vývoj zaznamenaly také poplatky a provize z investičních produktů, kde čistý výnos stoupl o 6,2 procenta na 1,8 miliardy korun. Výnosy z jejich distribuce vzrostly o třetinu na 544 milionů korun. Výnosy z distribuce pojištění dosáhly 598 milionů korun.
Celkové provozní náklady zůstaly na úrovni 2,9 miliardy korun. Vyšší personální náklady, které vzrostly o 8,8 procenta na 1,3 miliardy korun, kompenzovaly nižší odpisy a pokles správních nákladů. Regulované poplatky meziročně vzrostly o 8,7 procenta na 212 milionů korun.
Náklady na riziko dosáhly 414 milionů korun, což odpovídá 28 bazickým bodům průměrného čistého úvěrového portfolia. Banka uvedla, že meziroční růst ovlivnilo především selhání jednoho komerčního klienta. Podíl úvěrů v selhání se však dále snížil na 0,9 procenta. Prodeje problémových pohledávek v nominální hodnotě 716 milionů korun zároveň přinesly mimořádný výnos 58,5 milionu korun.
Výrazně rostla úvěrová aktivita. Moneta poskytla nové úvěry v celkovém objemu 51,7 miliardy korun, což je o 43,9 procenta více než před rokem. Nově poskytnuté hypotéky zaznamenaly růst o 61,8 procenta na 14,6 miliardy korun, zatímco objem spotřebitelských a ostatních retailových úvěrů se zvýšil o 23,3 procenta na 15,3 miliardy korun. V případě malých a středních podniků se objem nových úvěrů zvýšil o 58,2 procenta na 16,6 miliardy korun.
Celkové úvěrové portfolio banky meziročně vzrostlo o 9,1 procenta na 310 miliard korun. Rychleji rostl komerční segment, jehož objem se zvýšil o 18,5 procenta na 116 miliard korun. Retailové úvěry vzrostly o 4,2 procenta na 193 miliard korun.
Silnou dynamiku si nadále udržuje oblast investic. Klienti banky investovali během prvního pololetí do podílových fondů 10,9 miliardy korun a celkový objem prostředků ve fondech ke konci června dosáhl 88,7 miliardy korun, meziročně o 31,5 procenta více.
Banka současně v červnu vydala nástroj dodatečného kapitálu Tier 1 (AT1) v objemu 150 milionů eur. Emise byla podle banky trojnásobně přeupsána a agentura Moody's jí přidělila rating Ba1. Získané prostředky mají podpořit další růst úvěrového portfolia.
Představenstvo zároveň potvrdilo střednědobý výhled pro období 2026 až 2030. Pro letošek Moneta nadále míří k čistému zisku 6,6 miliardy korun, nově ale očekává, že tento cíl překoná přibližně o 200 milionů korun. K lepšímu výsledku mají přispět především vyšší úrokové výnosy z rychlejšího růstu úvěrového portfolia a nižší než plánované provozní náklady.
Aptos (APT) continued to face downward pressure on Friday, marking a fresh decline after a bearish pennant pattern followed a significant sell-off. While the ecosystem has seen ongoing development and upgrades, buyers have been unable to reverse the broader downtrend, even as activity on the network remains steady during this consolidation phase. Technical indicators, including the Relative Strength Index (RSI), are being closely monitored by traders as the price contracts and market participants weigh the possible breakout direction.
Price Movement and Market MetricsAt press time, Aptos traded at $0.6132, down 2.14% over the previous 24 hours. Over the last week, the token has edged up by 0.27%. CoinMarketCap reported a 24-hour trading volume of $36.55 million and a total market capitalization of $518.39 million.
Analyst Crypto With Gopal described a bearish pennant formation in Aptos after the substantial price drop, a pattern typically reflecting consolidation ahead of a further directional move. Volatility remained limited as the token’s price contracted within the pennant boundaries, with bulls failing to establish the momentum needed for a reversal. A decisive move below the declining lower trendline could prompt additional selling, while a clear breakout above resistance levels, backed by volume, may counter current bearish expectations.
APT’s reduced volatility inside the pennant signals that the bullish camp has yet to show sufficient strength to mount a reversal. Sellers are closely watching the declining lower trendline, as breaching it could accelerate downside momentum.
CoinGlass data indicated an 8.15% increase in APT futures trading volume to $71.14 million, as open interest declined 2.66% to $73.52 million. The OI-weighted funding rate held at a positive 0.0062%, reflecting net payments from holders of long positions to their short counterparts.
RSI values, according to TradingView, stood at 46.80, yet remained below the critical 50 mark, suggesting that buying momentum has not fully recovered. However, the RSI’s position above its moving average of 43.88 hinted at some improvement. The MACD line was recorded at -0.010, sitting above the signal line at -0.014, and the histogram showed a positive 0.004. These figures suggest that bearish strength is waning as these indicators edge toward the neutral zero level.
Ecosystem Advances: AIP-146 and On-Chain TradingDespite the price weakness, development activity within the Aptos ecosystem remains robust. The Aptos Foundation recently introduced AIP-146, a proposal designed to enable unlocked staked APT tokens to unlock higher transaction limits needed for demanding workloads. Target applications include liquidations, advanced decentralized finance (DeFi) protocols, and comprehensive on-chain risk management systems.
The initiative aims to provide developers with significant capabilities to create fully on-chain financial markets, eliminating the necessity for off-chain infrastructure. Increasing transaction limits focuses on supporting complex transactions rather than simply boosting transactional speed.
Under AIP-146, staking APT tokens grants access to increased transaction limits, allowing sophisticated DeFi workloads such as liquidations and risk management to operate efficiently directly on-chain.
Alongside AIP-146, Aptos has seen the rollout of DecibelTrade, a natively on-chain trading platform emphasizing transparent settlement and intra-day trading activities. DecibelTrade debuted with the “First Trade on Us” campaign, encouraging engagement and providing incentives for early adopters.
While watching closely for key resistance levels and technical signals such as the RSI and MACD crossovers, investors are increasingly utilizing multi-currency portfolio management tools and timely price alerts to navigate market shifts. CryptoAppsy, which requires no account creation hassle, combines your crypto investments with real-time prices, detailed charts, and multi-currency portfolio management on a single screen. With this all-in-one financial assistant, you can instantly seize opportunities by setting up smart price alerts, filter news specific to your coins, discover newly listed altcoins without missing them, and always stay one step ahead of the market with critical macroeconomic data such as Fed interest rates.
These ongoing ecosystem enhancements highlight developers’ focus on expanding Aptos’s technical capacity and trading infrastructure, even as market participants closely watch near-term price action and key support areas.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
We’re heading into the final sessions of the week, and gold continues to hint at a bullish reversal. Admittedly, it also sits close to confirming its next leg lower, leaving a fine line between bullish and bearish scenarios around the 4,000 level—a key area the gold trading community is likely watching.
For a broader perspective, I recently published a couple of StoneX articles examining gold's seasonality in Q3 and market positioning. In a nutshell, seasonality tends to turn more supportive in July before strengthening further in August, delivering a higher historical win rate and stronger average returns.
With gold already down around 30% from its peak to the recent low, the potential for a technical recovery appears reasonable. That is especially true given how unpopular this view has proven on social media whenever I have raised it. As a contrarian, I see that as an encouraging signal rather than a reason for caution.
View related analysis:
US Dollar Rally Builds Momentum, Crude Oil Holds the Key Australian Dollar Jumps as Employment Data Backs RBA Hawkish Bias Japanese Yen Outlook: USD/JPY Breaks Out in Style, GBP/JPY and CAD/JPY in Focus Nasdaq Could Look to KOSPI for Directional Clues Beyond Earnings Gold Futures (GC) Technical Analysis The downtrend on the weekly chart hardly needs pointing out, given gold has fallen by nearly a third this year. Yet for the past four weeks, bears have repeatedly failed to push prices sustainably below 4,000. Weekly trading volumes have also been declining, which is not what we'd typically expect during a grizzly bear market. Meanwhile, the gradual reduction in long futures positions suggests the decline may be a longer-term correction rather than the start of a multi-year top.
A bullish hammer formed three weeks ago, and prices have yet to retest its low. Heading into the final sessions of the week, price action is also shaping a potential inverted hammer around the 4,000 level. Until we see a decisive break or daily close beneath the recent swing lows, I remain on guard for a meaningful bounce.
Crude Oil and the US Dollar Remain the Biggest Risks to Gold Bulls The fly in the ointment is, of course, the stronger US dollar. However, if tensions in the Middle East begin to ease, it could pave the way for a pullback in the US dollar and provide gold with the catalyst for a rebound. That said, I still favour further gains in the US Dollar Index towards 102. If that scenario plays out, gold could first retest its recent swing lows before the anticipated bullish reversal unfolds
The October low around 3900, 100-week EMA (3776.4) and the September VPOC (3680.6) are the next major support levels should gold prices full break down. But if prices can hold above recent swing lows, resistance sits around 4200 and 4300.
Source: COMES, ICE, TradingView
This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of FOREX.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by FOREX.com.
Eyes on 4,000 as We Head into the Weekend Sentiment is clearly against gold in the near term, after it fell more than 1% on Thursday for its worst daily performance in eight sessions. But the major support level around 4,000 is difficult to ignore. I suspect many traders will feel the same way, which could be compounded by portfolio managers looking to hedge with gold ahead of the weekend.
The risk of a gap higher in oil prices is genuine this weekend, which could of course weigh on sentiment on Monday. But if portfolio managers do use gold as a hedge, it may hold above recent lows to some degree—or at least attempt to.
From a purely technical perspective, dips towards 4,000 could prompt at least a minor rebound. However, for any bounce to have real legs, weaker crude oil prices and a softer US dollar are likely to be required.
ATLANTA--(BUSINESS WIRE)---- $PNFP--Pinnacle Financial Partners (NYSE: PNFP) added 74 experienced revenue-producing team members during the second quarter of 2026, bringing its year-to-date total to 124 against a goal of 225-250 for the year. This success is another milestone as the firm continues to execute its long-standing growth strategy following its merger with Synovus Financial Corp. in January. These new team members average approximately 20 years of financial services experience and are nearly e.
NEW YORK, July 23, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP highlights the contrast between Badger Meter, Inc.'s (NYSE: BMI) promises to shareholders and the results that ultimately materialized. Find out if you can recover your Badger Meter investment losses or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.
BMI shares collapsed more than 24%, losing $36.75 per share on April 17, 2026, after the company disclosed total sales fell 9% year-over-year and utility water revenue dropped 10%. The lead plaintiff deadline is August 3, 2026.
The Promise
Throughout 2024 and into early 2025, Badger Meter's leadership painted a picture of durable, accelerating growth for investors. The company projected "high single-digit average top line growth" supported by what it described as "ongoing favorable industry fundamentals" and "secular growth drivers." Management characterized demand as "robust" and told the market its order book and opportunity pipeline "continue to support" the growth outlook. On the 1Q 2025 earnings call, the company went further, directly rejecting the possibility that customers were pulling orders forward, asserting that 75% of revenue went to end users who "really, in many ways, cannot pull forward."
The Reality
The company's actual trajectory told a different story:
Promised: "High single-digit average top line growth" sustained by secular demandDelivered: Total sales declined 9% year-over-year in 1Q 2026Promised: Utility water revenue driven by "robust adoption rates" and "solid demand"Delivered: Utility water sales fell 10% year-over-year in 1Q 2026Promised: Operating margins expanding on "strong operating execution"Delivered: Operating margin contracted from 22.2% to 17.4% in one yearPromised: EPS growth trajectory; 1Q 2025 delivered $1.30 diluted EPSDelivered: Diluted EPS fell to $0.93 in 1Q 2026, a 28% declinePromised: No evidence of customer order pull-forward; "pretty normal order environment"Delivered: Management acknowledged $15 million to $20 million of revenue shortfall from "softer short-cycle municipal customer ordering" What the Lawsuit Contends About the Gap
The securities action alleges that Badger Meter's "record" results during the Class Period were not the product of genuine demand growth but were instead inflated by pulling forward customer orders, which depleted revenue from future periods. When backlog cushions thinned and short-cycle ordering weakened, the complaint asserts, the company could no longer mask the underlying deterioration. Management itself eventually conceded that the demand "variability" seen in 1Q 2026 "has always existed" during 2023-2025 but was "less visible" due to backlog levels and projects in flight.
"Companies that make specific promises to investors about future performance have an obligation to disclose known risks to those projections. The contrast between what Badger Meter communicated about its growth trajectory and what ultimately occurred raises serious questions for shareholders." — Joseph E. Levi, Esq.
Speak with an attorney about recovering your BMI losses or call (212) 363-7500.
LEAD PLAINTIFF DEADLINE: August 3, 2026
About Levi & Korsinsky, LLP
Levi & Korsinsky, LLP is a nationally recognized shareholder rights firm. Over the past 20 years, the firm has secured hundreds of millions of dollars for aggrieved shareholders. Ranked in ISS Top 50 for seven consecutive years.
Frequently Asked Questions About the BMI Lawsuit
Q: What specific misstatements does the BMI lawsuit allege? A: The complaint alleges Badger Meter made materially false or misleading statements regarding the sustainability of its revenue growth, the strength of customer demand, and the absence of order pull-forward practices during the class period from April 18, 2024 through April 16, 2026. When the true state of demand was revealed, the stock price declined sharply.
Q: How much did BMI stock drop? A: Shares fell more than 24%, a decline of $36.75 per share, on April 17, 2026, after the company disclosed that total sales were 9% lower year-over-year and that short-cycle order rates were "weaker than anticipated." Across three corrective disclosures, BMI lost over $95 per share.
Q: What do BMI investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as a class member.
Q: What if I already sold my BMI shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.
Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.
Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.
Q: Can I join a different law firm's lawsuit instead? A: Multiple firms often file competing complaints. The court consolidates and appoints a single lead counsel. Contacting Levi & Korsinsky before August 3, 2026 ensures your losses are considered.
WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Planet Fitness, Inc. (NYSE: PLNT) between November 6, 2025 and May 6, 2026, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 14, 2026.
SO WHAT: If you purchased Planet Fitness common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Planet Fitness class action, go to https://rosenlegal.com/cases/planet-fitness-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 14, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or concealed material adverse facts concerning the true state of Planet Fitness’ customer acquisition and marketing metrics. Notably, Planet Fitness’ updated marketing messaging was failing to resonate with, and was actively intimidating, its core target demographic of fitness beginners and casual gym-goers. As a result, Planet Fitness was experiencing a significant headwind in net member joins during its peak first-quarter sign-up period that rendered its previously issued fiscal 2026 guidance and long term financial targets unachievable. Instead, Planet Fitness would be required to restructure its marketing strategy, losing the gains they praised from continuing the same marketing campaign, and entirely halt the planned Black Card price increase which sale projections were premised upon. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Planet Fitness class action, go to https://rosenlegal.com/cases/planet-fitness-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
SAN FRANCISCO--(BUSINESS WIRE)--Research from Twilio (NYSE: TWLO), the infrastructure for customer engagement in the AI era, shows a stark perception gap in the public sector: while 88% of government organizations rate their citizen engagement as good or excellent, only 44% of citizens agree. The Connected Government Report (2026) shows that while public sector agencies are confident in their digital services, citizens report fewer tangible benefits from digital interactions than in previous yea.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--SentinelOne® (NYSE: S), the AI Security leader, today announced it has been named a Leader in the IDC MarketScape: Worldwide Managed Detection and Response Service for Midmarket 2026 Vendor Assessment (Doc #US52992326, July 2026). The IDC MarketScape covers Wayfinder, SentinelOne's managed detection and response (MDR) offering, which uses AI to handle detection, correlation, and triage at machine speed, and SentinelOne's analysts to apply human judgment t.
The short‑term Elliott Wave outlook in Gold (XAUUSD) indicates that the rally to $4204 marked the completion of wave ((B)), after which the metal turned lower in wave ((C)). The internal subdivision of wave ((C)) is unfolding as a five‑wave structure. Within this sequence, wave (1) ended at $3983.2. The subsequent rally in wave (2) developed as an expanded flat formation. From the wave (1) low, wave A advanced to $4103.7, followed by a pullback in wave B that reached $3959.3. The final leg, wave C, extended higher to $4166.07, completing wave (2) at a higher degree.
From this point, the metal resumed its decline in wave (3). Down from wave (2), wave ((i)) ended at $4099.03, while the corrective rally in wave ((ii)) concluded at $4141.05. The expectation is for Gold to extend two additional lows to complete wave ((v)) of 1. Once this sequence finishes, the market should rally in wave 2 to correct the decline from the July 22 high of wave (2). This corrective phase will precede the next bearish leg.
Gold (XAU/USD) 60-minute Elliott Wave chart
In the near term, the pivot at $4204.6 remains decisive. As long as this level holds, rallies are expected to fail within three or seven swings, reinforcing the downside bias. The structure highlights continued weakness and suggests further bearish potential in the short horizon.
IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST), today announced the successful launch of ATSC 3.0 (NextGen TV) in the Cleveland, Ohio, television market, with the next-generation broadcast standard now deployed across all of the top 25 U.S. designated market areas (DMAs). As the largest remaining market yet to deploy ATSC 3.0, Cleveland had been unable to launch due to structural limitations in available broadcast spectrum and station participation. However, following.
Gold prices fell in Philippines on Friday, according to data compiled by FXStreet.
The price for Gold stood at 8,011.38 Philippine Pesos (PHP) per gram, down compared with the PHP 8,053.62 it cost on Thursday.
The price for Gold decreased to PHP 93,443.10 per tola from PHP 93,935.79 per tola a day earlier.
Unit measure
Gold Price in PHP
1 Gram
8,011.38
10 Grams
80,112.95
Tola
93,443.10
Troy Ounce
249,181.80
FXStreet calculates Gold prices in Philippines by adapting international prices (USD/PHP) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet.
The price for Gold stood at 485.90 Saudi Riyals (SAR) per gram, down compared with the SAR 488.74 it cost on Thursday.
The price for Gold decreased to SAR 5,667.48 per tola from SAR 5,700.55 per tola a day earlier.
Unit measure
Gold Price in SAR
1 Gram
485.90
10 Grams
4,859.03
Tola
5,667.48
Troy Ounce
15,113.27
FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
DURHAM, N.C., July 23, 2026 (GLOBE NEWSWIRE) -- Immunovant, Inc. (Nasdaq: IMVT) today announced that it will report its financial results for the first quarter ended June 30, 2026 on Thursday, August 6, 2026 before the market opens.
Gold prices fell in United Arab Emirates on Friday, according to data compiled by FXStreet.
The price for Gold stood at 475.75 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 478.15 it cost on Thursday.
The price for Gold decreased to AED 5,549.10 per tola from AED 5,577.09 per tola a day earlier.
Unit measure
Gold Price in AED
1 Gram
475.75
10 Grams
4,757.54
Tola
5,549.10
Troy Ounce
14,797.62
FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
PANews July 24 news, according to Arkham statistics, the Meme coin CASHCAT on Robinhood Chain has over 61,000 holders, but the top 1000 addresses hold 89.1% of the supply, worth over $40 million. Other tokens held by these addresses include PONS ($2.84 million), TENDIES ($1.87 million), STONKBROKER ($1.1 million), Index ($1.07 million), WOOD ($409,000), SQUEEZE ($314,000), VIRTUAL ($308,000), JUGGERNAUT ($299,000), UP ($275,000), DEGEN ($247,000), KITSU ($229,000), SWOGE ($211,000) and VEX ($207,000).
Gate founder and CEO Dr. Han has backed a human-led approach to crypto trading as millions of digital assets and tens of thousands of decentralized applications make Web3 increasingly difficult for users to navigate.
Summary
Gate CEO Dr. Han says AI will support traders without replacing human judgment. Gate is integrating AI tools to simplify trading and lower Web3 entry barriers. U.S. scrutiny of Chinese AI models could complicate the technology’s global adoption. In the latest episode of the Gatecast podcast, Dr. Han argued that artificial intelligence could help traders gather information, study market signals, and make decisions without removing the need for human judgment.
According to the Gate CEO, the combination of AI tools and human intelligence could offer a more effective model for trading than relying entirely on automated systems. AI can process large volumes of market information quickly, he noted, but traders must still assess that information before acting.
“AI + human intelligence” will become a more effective approach in the future, Dr. Han said.
His comments place AI in an assistant role at a time when exchanges and traders are using automated tools to scan prices, track market activity and filter information. Rather than presenting the technology as a replacement for users, Dr. Han described it as a way to reduce the effort required to find and understand crypto products.
Gatecast’s discussion also covered the difficulty of entering Web3 when users must choose among millions of tokens and tens of thousands of DApps. Dr. Han identified those choices, along with the learning required to use decentralized products, as barriers that keep potential users outside the sector.
Under his assessment, AI could become a gateway between users and the Web3 ecosystem by helping them locate relevant services and understand how those products work. Intelligent interfaces could also reduce the time users spend researching separate protocols, assets and trading tools, according to Dr. Han.
AI tools will support trader decisions Gate is already developing several products under what the exchange calls its Intelligent Web3 strategy. Dr. Han identified Gate AI, GateClaw and Gate for AI Agent as parts of a product system designed to integrate artificial intelligence into the company’s trading ecosystem.
Through these services, Gate is using AI to simplify product interactions and reduce the amount of knowledge required before users can begin exploring Web3, according to the CEO. Dr. Han added that the exchange plans to continue developing intelligent products that make decentralized services easier to access.
His position differs from predictions that increasingly capable models could eventually remove people from financial decision-making. While Dr. Han credited AI with improving research and signal analysis, he maintained that the technology cannot fully reproduce the judgment traders apply when interpreting market conditions.
Earlier this week, Binance founder Changpeng Zhao also separated AI’s economic role from that of Bitcoin. In an X post, CZ argued that artificial intelligence can raise productivity, improve business efficiency and support technological development, while Bitcoin offers a scarce asset that cannot be expanded beyond its 21 million-coin limit.
The comparison followed JPMorgan CEO Jamie Dimon’s forecast that the AI investment cycle could attract $725 billion this year. According to CZ, companies developing AI products can issue more shares or raise capital to finance expansion, potentially diluting existing investors, whereas no company or government can increase Bitcoin’s programmed supply.
CZ also rejected the idea that rapid progress in artificial intelligence gives investors the same protection that Bitcoin may offer when fiat currencies lose purchasing power. His comments focused on the difference between investing in productivity-driven businesses and holding an asset designed around fixed supply.
Political pressure could complicate AI adoption Dr. Han’s case for AI-assisted Web3 access comes as Washington considers how foreign models should operate in the U.S. market. As previously reported by crypto.news, parts of the Trump administration have discussed de facto restrictions on Chinese open-source models after Moonshot AI’s 2.8-trillion-parameter Kimi K3 topped a major coding leaderboard.
Axios reported that American companies have shown interest in Chinese systems because they can provide capable performance at lower prices. Open-weight models also allow businesses to download trained parameters, operate models on private servers and modify them without depending on the original developer’s platform.
People involved in the U.S. policy debate have previously considered placing Chinese AI laboratories on the Commerce Department’s Entity List, according to the crypto.news report. Such a designation could restrict access to American technology without government licenses, although earlier proposals were paused amid concerns that the restrictions could slow AI development in the United States.
Political scrutiny increased on July 22 when Michael Kratsios, director of the White House Office of Science and Technology Policy, accused Moonshot AI of using Anthropic technology to develop Kimi K3. In an X post, Kratsios claimed that information obtained by the U.S. government linked K3’s development to Anthropic’s Fable model.
Kratsios alleged that Moonshot created an internal platform capable of extracting knowledge from American models through large-scale distillation. He also claimed that the platform could change its access methods quickly, making the alleged activity harder for U.S. developers to identify.
However, the White House official did not release technical records or other evidence supporting the allegations. Moonshot AI had not publicly responded at the time of the report, while the White House had not provided material that independent researchers could use to determine whether K3 incorporated Anthropic’s proprietary technology.
Despite those policy disputes, Dr. Han expects AI to play a growing role in how users discover and operate crypto products. Gate’s strategy keeps traders responsible for the final decision while assigning AI the task of organizing information, identifying signals, and lowering the technical barriers surrounding Web3.
PANews, July 24 – CryptoQuant analyst Darkfost pointed out that in recent months, traditional markets have significantly outperformed crypto assets, turning traditional financial assets from a niche market into a key segment on crypto exchanges. Taking Gate as an example, the platform now allows users to trade precious metals, commodities, stocks, indices, and ETFs. Among them, precious metals (gold and silver) have recorded cumulative trading volume exceeding $11 billion since launch, far outstripping stocks’ $8.4 billion, indices and ETFs’ $1.2 billion, and other commodities’ $494 million. Excluding crypto assets, precious metals account for 52% of Gate’s trading volume, stocks for 39%, indices and ETFs for 6%, and other commodities for just 2.3%.
Precious metals listings make up only 4.8% of the platform’s total traditional finance tokens (stocks 72.8%, indices and ETFs 19.8%), yet they concentrate most of the liquidity. Since 2025, gold has gained 115% and silver has surged over 322%. This performance during the Bitcoin bear market has drawn some crypto investors toward traditional finance, and exchanges that made an early move have been rewarded.
Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.
The price for Gold stood at 35,996.38 Pakistani Rupees (PKR) per gram, down compared with the PKR 36,175.62 it cost on Thursday.
The price for Gold decreased to PKR 419,854.70 per tola from PKR 421,945.30 per tola a day earlier.
Unit measure
Gold Price in PKR
1 Gram
35,996.38
10 Grams
359,963.30
Tola
419,854.70
Troy Ounce
1,119,613.00
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Summit Therapeutics Inc. (SMMT) Q2 2026 Earnings Call July 23, 2026 4:30 PM EDT
Company Participants
Dave Gancarz - Chief Business & Strategy Officer
Robert Duggan - Co-CEO & Executive Chairman
Mahkam Zanganeh - Co-CEO, President & Director
Manmeet Soni - COO, CFO & Director
Allen Yang - Chief R&D Strategy Officer
Conference Call Participants
Yigal Nochomovitz - Citigroup Inc., Research Division
Nicholas Lorusso - TD Cowen, Research Division
Salveen Richter - Goldman Sachs Group, Inc., Research Division
Bradley Canino - Guggenheim Securities, LLC, Research Division
William Zhang - Wells Fargo Securities, LLC, Research Division
David Dai
Reni Benjamin - Citizens JMP Securities, LLC, Research Division
Eric Schmidt - Cantor Fitzgerald & Co., Research Division
Dara Azar - Stifel, Nicolaus & Company, Incorporated, Research Division
Faisal Khurshid - Jefferies LLC, Research Division
Presentation
Operator
Good afternoon, and welcome to Summit Therapeutics Q2 2026 Earnings Call. [Operator Instructions] We do not expect any technical difficulties today. However, in the event that we lose the webcast connection and are unable to provide any updates, please wait up to 10 minutes for resolution. Please refer to the company's website for updates. Please note that today's call is being recorded. [Operator Instructions]
At this time, I would like to turn the call over to Dave Gancarz, Summit Therapeutics Chief Business and Strategy Officer. You may proceed.
Dave Gancarz
Chief Business & Strategy Officer
Good afternoon, and thank you for joining us. On today's call, we will provide an update on our second quarter 2026 financial results and operational progress. This afternoon's press release is available on our website, www.smmttx.com. Our Form 10-Q was also filed today and is available on our website and via the SEC's website. Today's call is being simultaneously webcast, and an archived replay will also be made available later today on our website.
Gold prices fell in Malaysia on Friday, according to data compiled by FXStreet.
The price for Gold stood at 530.45 Malaysian Ringgits (MYR) per gram, down compared with the MYR 533.01 it cost on Thursday.
The price for Gold decreased to MYR 6,187.02 per tola from MYR 6,216.88 per tola a day earlier.
Unit measure
Gold Price in MYR
1 Gram
530.45
10 Grams
5,304.46
Tola
6,187.02
Troy Ounce
16,498.91
FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
Gold prices fell in India on Friday, according to data compiled by FXStreet.
The price for Gold stood at 12,504.78 Indian Rupees (INR) per gram, down compared with the INR 12,566.10 it cost on Thursday.
The price for Gold decreased to INR 145,853.30 per tola from INR 146,568.50 per tola a day earlier.
Unit measure
Gold Price in INR
1 Gram
12,504.78
10 Grams
125,047.80
Tola
145,853.30
Troy Ounce
388,942.40
FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)
British Pound rebounds above 1.3300 ahead of UK Retail Sales dataThe GBP/USD pair recovers some lost ground to near 1.3325, snapping the five-day losing streak during the Asian trading hours on Friday. However, the potential upside might be limited amid heightened military tensions in the Middle East. Traders brace for the release of the UK Retail Sales data, which will be published later on Friday.
Renewed geopolitical tensions in the Middle East could underpin the US Dollar (USD) as a safe-haven currency. The US Central Command (CENTCOM) said it launched its 13th consecutive night against Iranian targets. US President Donald Trump said on Thursday that the US would hold Iran responsible for the Houthis’ actions and warned Iran and its Houthi allies would both soon receive a “major military punishment,” per the Guardian. Read more...
British Pound Sterling slides for a sixth session on a Dollar story Britain had no part inSterling's sixth consecutive losing session arrives without a single domestic headline behind it, and that absence is the more useful fact about Thursday than the 0.45% loss itself. GBP/USD trades near 1.3300 after setting a high just short of 1.3400 in the small hours and grinding lower through everything that followed.
The move belongs entirely to the Dollar, which is being bought for reasons that have nothing to do with Britain. A currency does not lose six sessions running on coincidence, but it can lose them without ever being the subject of the story. Read more...
GBP/USD Price Forecast: Struggles to return above 20-day EMAThe British Pound (GBP) trades marginally higher to near 1.3387 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair edges higher as the US Dollar drops despite surging oil prices in the wake of escalating Middle East energy supply risks.
At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.15% lower to near 101.00. Read more...
3 Micro-Caps Set for Major Moves: Balancing Risk and OpportunityComstock NYSEAMERICAN: LODE executives said the company ended the second quarter of 2026 with a stronger balance sheet, completed major capital spending on its first industry-scale solar panel recycling facility and remains focused on monetizing legacy mining and real estate-related assets.
Chief Financial Officer Judd Merrill said Comstock ended the quarter with approximately $31.4 million in cash and no debt. Total working capital was $39.9 million, based on $58.1 million in current assets and $18.2 million in current liabilities.
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Merrill said the company expects another $20 million in cash in August upon closing a securities purchase agreement tied to the sale of 100% of its legacy mining assets to Mackay Precious Metals. He said the transaction would also remove mining reclamation liabilities, bonding requirements and related costs from Comstock’s balance sheet, while allowing the company to retain upside through net smelter return royalties across the district and equity in Mackay.
“The mining sale will also eliminate annual costs of about $1.4 million and free our capacity to focus more on the recycling business,” Merrill said.
Capital Deployment Focused on Metals and Sierra Springs Merrill said Comstock’s largest source of cash during the first half of the year was its January equity financing, which generated approximately $56 million in net proceeds. The company also generated nearly $6.5 million in additional proceeds, including more than $2 million from mining asset sales, $1.8 million from debt extinguishment-related recoveries and $2.6 million in solar panel recycling revenue, including deferred revenue from Comstock Metals.
On the spending side, Merrill said the company invested approximately $21 million into Sierra Springs, enabling the closing of more than 2,200 acres of land and nearly 2,000 acre-feet of water rights. The investment increased Comstock’s ownership in Sierra Springs to nearly 50%, according to the company.
Comstock also spent approximately $5 million completing its first industry-scale metals recycling facility, $1.3 million expanding product upgrade capabilities, approximately $1.4 million advancing new metals recovery technologies and approximately $3 million on metals operating costs as operations ramped.
Merrill said Comstock was added to the Russell 2000 and Russell 3000 indexes in late June, which the company views as a step in strengthening its institutional capital base.
Solar Panel Recycling Facility Set to Begin Continuous Operations Chief Executive Officer Corrado De Gasperis said Comstock’s first industry-scale solar panel recycling system is expected to begin ramping in August after final testing and commissioning. He said the system is designed for 100,000 tons of annual capacity and that the company expects to operate at about 25% capacity initially.
De Gasperis said the company’s process is designed to remove contaminants and produce clean, saleable materials, including glass and metals. He said Comstock’s product upgrade systems are already operating and have been stress-tested, allowing the company to produce higher-specification glass while recovering additional residual materials.
Merrill said the company’s new storage area is graded, fenced and ready to open, with total panels on the ground and ready for processing approaching 9,000 tons. De Gasperis later said panels are stored across sites including California and Ohio, but the company is not disclosing volumes by location.
In response to investor questions, Merrill said the metals operation begins generating cash from an operational standpoint when the first plant reaches a little more than 20% capacity. He said the company-wide cash flow threshold from plant one is roughly 40% to 50% of operations.
De Gasperis said Comstock is not guiding beyond 25% capacity for the year-end ramp, though he said the company has incentives to push higher. “Getting to 25% proves what most people are looking to see,” he said, citing whether the machine works reliably and profitably at the line-of-business level.
Management Discusses Customers, Competition and Future Sites De Gasperis said Comstock continues to engage with large customers in the utility segment and has been adding offtake agreements. He said customer demand today is smaller than what the company expects as deployed solar panels mature and reach end of life.
Asked about competitors, De Gasperis said the company still sees alternatives such as landfilling or shredding panels and shipping materials overseas, but said Comstock does not see another company with a comparable science-based system that can produce clean materials and scale to the same extent.
Comstock is also evaluating additional site opportunities. De Gasperis said the company has selected sites two and three, is close to selecting a fourth, and is looking at Ohio, northern Nevada, Texas and the East Coast. He emphasized that site selection is not the same as deploying production capital, and that Comstock will not order equipment for the next facility until the first system is operating and ramping successfully.
The company is also advancing a one-ton-per-day metals recovery pilot system intended to test extraction of silver and other metals from industrial tailings generated by its recycling process. De Gasperis said Comstock hopes to know more about silver recovery before the end of the year, but said it is premature to discuss silver yields.
Sierra Springs Monetization Effort Advances Comstock executives spent a significant portion of the call discussing Sierra Springs, which De Gasperis described as a potentially valuable industrial land and infrastructure opportunity in northern Nevada. He said the consolidated land, water and power position is intended to attract counterparties involved in major industrial and compute-related development.
De Gasperis said Sierra Springs has secured an initial precedent agreement tied to 50,000 dekatherms per day of natural gas, which he said could translate to up to 300 megawatts of power. He said Comstock is also positioned for a potential follow-on opportunity that could bring the total to at least 1.2 gigawatts, though the later opportunity has not yet come to formal bid.
De Gasperis said the company expects to launch a marketing effort later this summer and believes it can structure transactions before year-end, although he noted that potential counterparties may require 90 to 150 days of due diligence.
Bioleum Strategy Recalibrated De Gasperis said Bioleum has been operating more quietly as Comstock prioritizes the metals business, the mining asset sale and Sierra Springs. He said Bioleum’s strategy has been recalibrated following the acquisitions of RenFuel and Hexas, with a focus on integrating feedstock and conversion technologies into a “farm-to-fuel” platform.
De Gasperis said the company does not expect revenue from Bioleum generating fuels in 2027, but does expect revenue from Bioleum generating materials for fuels and from Hexas. He also said Comstock expects to pursue capital at the subsidiary level, potentially through non-dilutive sources and third-party investment, before the end of the year.
Asked about Bioleum impairments recorded in the quarter, De Gasperis said they were non-cash and tied to intellectual property that is no longer strategic to Bioleum’s focused plan. Merrill said the company’s investment carrying value increased to approximately $67 million even after the non-cash impairment.
About Comstock (NYSEAMERICAN:LODE)Comstock Mining, Inc NYSE: LODE is a growth-oriented mineral exploration and production company focused on the historic Comstock Lode in Virginia City, Nevada. The company’s primary business activities include the development, extraction and sale of gold and silver from its flagship Lucerne project. Comstock leverages modern mining techniques and infrastructure to access high-grade ore bodies in one of North America’s most renowned silver-gold districts.
In addition to its core precious metals operations, Comstock Mining maintains a commercial real estate division centered in Virginia City’s historic district.
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The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
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New York, New York--(Newsfile Corp. - July 23, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Futu Holdings Limited (NASDAQ: FUTU) between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"), of the important August 25, 2026 lead plaintiff deadline.
SO WHAT: If you purchased Futu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Futu was not in compliance with the requirements of the China Securities Regulatory Commission (the "CSRC"), including because Futu continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu's financial results were overstated; and (4) as a result of the foregoing, defendants' positive statements about Futu's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Apple (AAPL -1.30%) may soon increase prices on iPhones.
*Stock prices used were the afternoon prices of July 21, 2026. The video was published on July 23, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Shares of Tesla (TSLA -14.38%) plunged on Thursday after the Elon Musk-led tech titan reported earnings that fell short of investors' expectations.
Image source: The Motley Fool.
Heavy spending weighed on Tesla's profit margins Tesla's revenue rose 26% year over year to $28.2 billion in the second quarter. The gains were fueled by a 23% jump in automotive sales to $20.5 billion, a 13% rise in energy generation and storage revenue to $3.1 billion, and a 50% surge in services and other revenue to $4.6 billion.
But sales weren't the issue. Soaring costs and declining margins were.
The electric vehicle (EV) maker's operating margin fell to 1.4% from 4.1% in the prior-year quarter, driven by a 47% surge in operating expenses.
Today's Change
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All told, Tesla's adjusted net income declined 17% to $1.2 billion, or $0.33 per share. That was well below Wall Street's estimates, which had called for per-share profits of $0.54, according to Yahoo! Finance.
Worse still, Tesla's free cash flow turned negative as its capital expenditures outpaced its operating cash flow.
Project delays are getting tiresome Investors would likely have more patience if they were confident that this spending would produce strong returns. But as Musk ramps up Tesla's capital expenditures -- to more than $25 billion in 2026 alone -- he's failing to meet previously communicated timelines for key projects such as the company's Robotaxi service and Optimus robots.
Shareholders are growing increasingly frustrated. And many investors decided to sell their shares today.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Tesla (TSLA -14.38%) recently started manufacturing its Cybercab autonomous robotaxi, but it faces two problems. First, the company's full self-driving software lacks widespread regulatory approval in the U.S., so the robotaxi won't be hitting the road at scale anytime soon. Second, Tesla is behind other operators, like Alphabet's Waymo, which is already completing over 500,000 paid autonomous trips per week.
Simply put, the autonomous arms race is complex, competitive, and extremely capital-intensive, but there is one company bypassing those challenges, and it could be the industry's ultimate winner. Uber Technologies operates the world's largest ride-hailing platform, and it has partnered with around 30 companies in the autonomous industry that are deploying their vehicles in its network.
Here's why Uber's strategy could deliver much better results for investors than Tesla's strategy.
Image source: Getty Images.
Autonomous vehicles will transform Uber's business For most manufacturers of autonomous vehicles, designing a great car is the easy part. The real challenge is building a network, attracting customers, and providing rides in a timely fashion. Uber has mastered all of those things, which is why dozens of companies in the autonomous space -- including Waymo -- are deploying their cars into its network rather than building their own, and it's a win for all parties.
Uber's autonomous partners get instant access to its 199 million monthly active users, and Uber gets to offer its customers a wide selection of autonomous rides without incurring the exorbitant cost of manufacturing its own cars. The ride-hailing giant will simply take a cut of every ride facilitated by its platform, the same way it does with human-driven rides.
Financially speaking, the shift to autonomous vehicles will be transformative for Uber. The company reported $53.7 billion in gross bookings during the first quarter of 2026, which was the dollar value of every ride, food order, and commercial delivery paid for through its platform. Historical data suggests around 44%, or $23.6 billion, of those bookings were likely paid to the human drivers who operate in its network. They are consistently Uber's single highest cost.
After excluding other costs, like the money paid to restaurants for their food orders, Uber was left with $13.2 billion in revenue for the first quarter. After accounting for operating expenses like marketing, the company's operating income was just $1.9 billion. That's right, Uber pocketed less than 4% of its $53.7 billion in gross bookings as operating profit.
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Theoretically, if Uber eliminated the cost of its human drivers by using autonomous vehicles instead, it would have earned $23.6 billion in additional revenue during the first quarter alone. Some of that money would have been paid to the owners of the self-driving vehicles in its network, but I think that cost will be far lower than the cost of human drivers in the long run, particularly because autonomous cars can operate around the clock without sleep, lunch breaks, or vacations.
As of March 31, self-driving cars were available in eight U.S. cities through Uber, with plans to expand to 15 cities by the end of 2026. Moreover, CEO Dara Khosrowshahi said autonomous trips soared tenfold year over year during the first quarter, so they are scaling up fast.
Uber stock is more attractively valued than Tesla stock Khosrowshahi thinks the autonomous revolution will be a multitrillion-dollar opportunity over the long term, so where investors choose to put their money could be the difference between disappointment and life-changing returns. Uber stock is entering this new era at a very attractive valuation, but the same can't be said for Tesla stock.
Uber's price-to-sales (P/S) ratio is just 2.7 as I write this, which is a discount to its long-term average of 4.1 dating back to when the company went public in 2019. It also means Uber is much cheaper than the Nasdaq-100 technology index, which has a P/S ratio of 6.3.
UBER PS Ratio data by YCharts
Tesla's P/S ratio of 13.6 is 5 times higher than Uber's, and double that of the Nasdaq-100. Many investors are backing Tesla because of the potential of its Cybercab robotaxi and its Optimus humanoid robot. But in my opinion, its valuation doesn't accurately reflect the risks associated with commercializing these products, which means its stock could suffer a sharp correction if they run into any speed bumps.
As a result, I think Uber stock is a much better buy than Tesla stock as the autonomous revolution ramps up.
Alphabet (GOOG -6.88%)(GOOGL -7.12%) gave investors plenty to debate in its second-quarter report this week, from 24% revenue growth to another big increase in its capital spending plans. But I'd argue the most remarkable number sat in the company's quarterly filing with the Securities and Exchange Commission. Alphabet's stake in rocket maker SpaceX (SPCX +2.58%) was worth about $94 billion as of June 30.
Zoom out, and the history behind that figure is extraordinary. In January 2015, Google and investment firm Fidelity together put $1 billion into SpaceX for a combined stake of just under 10%. SpaceX now carries a $1.5 trillion market value -- about 150 times what the entire company was worth in that funding round.
But Alphabet can't spend a dollar of its windfall yet. The filing shows the whole position is restricted from sale. About $80 billion of the stake sits under short-term restrictions (the standard lockup period that follows an initial public offering), and the remaining $14.1 billion is locked up through the third quarter of 2027.
Here's a closer look at what the stake means for shareholders on both sides of it.
Image source: Getty Images.
A windfall on paper The stake did wonders for Alphabet's reported profit. Second-quarter net income rose 298% year over year to $112.1 billion, and earnings per share climbed 294% to $9.11.
The driver wasn't advertising or cloud computing. It was a $99.0 billion gain on equity securities, which the company said primarily reflected unrealized gains from SpaceX and a private company (reported to be artificial intelligence (AI) developer Anthropic).
Unrealized is the key word. Alphabet didn't collect $99 billion in cash. It marked up shares it isn't currently allowed to sell.
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That distinction helps explain why investors mostly shrugged at the windfall and focused on spending instead. Alongside the report, Alphabet raised its capital spending guidance for 2026 to $195 billion to $205 billion, from the $180 billion to $190 billion range it set in April. Free cash flow swung to negative $5.9 billion for the quarter, down from a positive $10.1 billion in the first quarter. Also worth noting: the company raised $49.6 billion in June by selling new stock, all while sitting on $94 billion of SpaceX shares it can't touch. After all, locked-up paper gains don't fund data centers.
Shares of Alphabet were down about 7% Thursday afternoon as of this writing.
Of course, the stake still matters. It amounts to about 2.4% of Alphabet's roughly $3.9 trillion market capitalization -- a nice bonus for shareholders, but not the reason to own the stock.
The other side of the trade For SpaceX shareholders, the disclosure sends two messages at once.
The first is a vote of confidence. Alphabet has held on for more than a decade, and it still owns an effective stake of about 4.9% of the company, down from about 6% before recent dilution. An investor of Alphabet's caliber keeping a position this large is arguably part of the bull case.
The second message is about supply. SpaceX stock has had a rough public debut. Shares went public at $135 in June, peaked at $225.64, and trade at about $116 as of this writing -- a decline of nearly 49% from the high.
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And the restrictions on Alphabet's stake begin easing after SpaceX delivers its first earnings report, scheduled for Aug. 4. Alphabet hasn't said anything about selling. But an outside holder with $94 billion of stock and a spending plan of its own approaching $200 billion at least has reasons to consider it once it's allowed.
Also, SpaceX shares have fallen since June 30, so the stake is already worth less than the filing's mark. Paper gains move in both directions.
So what should investors do with the news? For Alphabet shareholders, I'd treat the SpaceX windfall as exactly that -- a windfall. The investment case still rests on the operating business (where revenue grew 24% year over year last quarter and Google Cloud is accelerating) and on whether the company's enormous AI spending pays off.
For anyone eyeing SpaceX stock, though, the filing is worth remembering. The company is still losing money, its market value sits near $1.5 trillion, and one outside holder alone is sitting on $94 billion of stock it will soon be free to sell. Between the two stocks, I'd rather own the shareholder than the rocket maker.
Amazon (AMZN -4.57%) fell about 4.6% on Thursday, and the company itself didn't report a thing. Most of the selling traces to other companies' earnings reports, though a new Senate inquiry into the company's marketplace added to the pressure. Alphabet bumped its 2026 capital spending plan to as high as $205 billion on Wednesday, and Tesla told investors its own capital spending will exceed $25 billion this year. Big tech fell broadly on the news, with all of the "Magnificent Seven" megacap stocks trading lower.
Amazon got caught in that downdraft for a specific reason. It has an AI (artificial intelligence) spending plan as big as any of them, at about $200 billion in expected capital expenditures for 2026. Alphabet's guidance raise arrived alongside negative free cash flow, and together they reminded investors that these budgets can still grow. Amazon reports its second-quarter results on July 30. The market spent Thursday pricing in the possibility that its number moves meaningfully higher, too.
Image source: Amazon.
The concern isn't hypothetical. Amazon's free cash flow for the trailing 12 months had already fallen to $1.2 billion as of the first quarter. A year earlier, that figure was $25.9 billion.
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But the other side of the ledger is growing, too. Amazon Web Services, the company's cloud computing business, grew revenue 28% year over year in the first quarter to $37.6 billion. That was its fastest growth in 15 quarters, and an acceleration from 24% the quarter before. The spending is buying acceleration, at least so far.
The stock now sits 16% under its 52-week high of $278.56. And it trades at about 29 times earnings, arguably a modest multiple next to several of its megacap peers.
What could override Thursday's worry on July 30 is straightforward: AWS growth accelerating even more, and a capital spending plan that doesn't lurch higher.
Daniel Sparks has clients with positions in Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, and Tesla. The Motley Fool has a disclosure policy.
Norsk Hydro is transforming into a vertically integrated, low-carbon aluminum leader with strong renewable power and recycling assets. Q2 2026 results highlight Hydro's integrated model: NOK 56.49B revenue (+6%), NOK 8.92B adjusted EBITDA (+15%), and NOK 4B free cash flow. Hydro benefits from European aluminum scarcity, regional premiums, and long-term power contracts while maintaining disciplined capacity deployment.
Nvidia (NVDA -1.56%) has been on an incredible run in recent years. Shares have skyrocketed 978% since late July 2021 (as of July 22), a gain no investor can complain about.
But this leading artificial intelligence (AI) stock has slowed down. It's up 12% in 2026, barely beating the S&P 500 index. Investors have come to expect more from Nvidia. Here's what its muted performance so far this year might suggest.
Image source: The Motley Fool.
How durable is Nvidia's success? To be clear, a 12% price gain in less than seven months isn't anything to be disappointed by. It's just that because the stock rose 39% in 2025, 171% in 2024, and 239% in 2023, the investment community -- which has been primed to have persistently high expectations -- might be worried that slower returns are a sign of what's to come. It's impossible to know if this is the case, though.
Nvidia's business continues to fire on all cylinders. Revenue surged 85% year over year in the 2026 second quarter (ended April 26) to $81.6 billion, establishing a fresh record. Demand is off the charts, as hyperscalers keep spending aggressively to build data centers for AI training and inference. The innovation pipeline is robust, and the company's profitability is incredible.
According to management, the future could not be brighter. "AI infrastructure spending is on track to reach $3 trillion to $4 trillion annually by the end of this decade," chief financial officer Colette Kress said on the latest earnings call. As long as the AI spending boom continues, Nvidia will benefit.
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But that draws attention to what may be the biggest question the market has. And this relates to the durability of its success. The hyperscalers are developing their own custom chips in-house to lessen their dependence on Nvidia's powerful graphics processing units (GPUs). Even though the demand is strong today, this introduces a long-term risk as Nvidia's most important customers seek an exit strategy.
What's more, AI-related capital expenditures could drastically come down if the ultimate returns don't live up to expectations. This is a huge unknown.
Wall Street also expects sales gains to decelerate. Sell-side consensus estimates call for revenue to increase 219% between fiscal 2026 and fiscal 2029, a significantly slower pace than the 700% reported in the prior three years.
This AI stock's valuation is compelling Nvidia shares currently trade 10% off their peak, as investors take a breather. The valuation is very compelling: The stock can be bought right now at a forward price-to-earnings ratio of 23.6, representing a small 10% premium to the S&P 500 index.
It might be too hard to pass on buying this AI stock, even incorporating the risks mentioned.
Netflix (NFLX +0.53%) is struggling to change investor sentiment, which turned negative last year.
*Stock prices used were the afternoon prices of July 21, 2026. The video was published on July 23, 2026.
Parkev Tatevosian, CFA has positions in Netflix. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
American Express enters Friday’s earnings report with options traders preparing for an almost $12 swing in its shares, but positioning offers little agreement over direction.
The split reflects unusually balanced fear of disappointment and hope for upside.
Contracts expiring on July 24 imply a move of about 3.5%, based on a snapshot taken when the stock traded near $341.89.
American Express stock NYSE:AXP later closed Thursday at $340.84, down 2.3%. The figure therefore represents the expected magnitude of the reaction, not a forecast that the shares will rise or fall.
The company is due to release results at about 7 am ET, followed by an earnings call at 8:30 am ET.
The implied move comes from the $342.50 at-the-money straddle.
The call traded near $6, while the corresponding put cost $5.97, producing a combined premium of $11.97 and an estimated range of roughly $329.92 to $353.86.
Activity elsewhere in the chain shows the same two-sided tension.
Nearly 1,000 puts traded at the $330 strike and more than 500 changed hands at $335, pointing to demand for downside protection.
Call volume exceeded 1,900 contracts at $350 and 2,200 at $352.50, suggesting traders were also positioning for a breakout.
That does not guarantee volatility buyers will profit.
If American Express stays inside the implied range, the earnings premium embedded in both calls and puts could collapse after the announcement.
Wall Street expects second-quarter earnings of about $4.40 a share and revenue near $19.69 billion.
Those figures provide the first test, but management’s outlook for spending, credit and costs is likely to drive the larger reaction.
Evercore ISI analyst John Pancari raised his price target to $380 from $345 while retaining an In Line rating.
TipRanks reported that Pancari sees “forward guidance” as the key focus while interest rates remain higher for longer.
American Express entered the quarter forecasting 2026 revenue growth of 9% to 10% and earnings of $17.30 to $17.90 a share.
A change to either range could push the stock beyond the options-implied band.
The company must also control expenses.
First-quarter costs rose as rewards, customer benefits and marketing investments increased, supporting engagement but potentially pressuring margins if revenue growth slows.
American Express’s premium cardholder base remains the strongest argument for an upside surprise.
First-quarter cardmember spending rose 9% on a currency-adjusted basis, while revenue increased 11% to $18.9 billion.
JPMorgan analyst Richard Shane upgraded the shares to Overweight and lifted his target to $400 from $328.
He views high-income customers as “relatively shielded” from the Middle East crisis and American Express as exposure to the “most insulated cohort in consumer finance.”
Investors will watch billed-business growth, travel and entertainment spending, card-fee income, customer acquisition and credit quality for evidence that this resilience is holding.
The valuation debate remains unresolved.
American Express carries a Moderate Buy consensus, but BTIG analyst Vincent Caintic retained a Sell rating despite lifting his target to $324 from $285.
His target remains below Thursday’s close, showing that stronger earnings do not automatically make the shares inexpensive.
Dover Corporation is rated a Buy after a strong Q2, despite a minor revenue miss and share price drop. Gross and operating margins expanded, with LTM bookings accelerating to 15% YoY and diversified end-market exposure—especially in data centers and AI-related segments. Capital allocation in the Climate & Sustainability segment raises questions, but overall ROE and margin improvements support the bullish thesis.
General Mills is rated Strong Buy, with compelling valuation and a solid cost-saving strategy despite rising macro risks. GIS targets $3 billion in cumulative cost savings by FY30, prioritizing balance sheet improvements and limiting buybacks to offset dilution. FY27 guidance anticipates organic net sales down 1.5% to up 0.5%, with Adj. Operating Profit declining 8–13%, mainly due to non-recurring factors.
The AUD/JPY cross trades in positive territory around 114.25 during the early European trading hours on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on a strong Australian employment report for June.
Australia’s Unemployment Rate stayed at 4.4% in June, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus. Meanwhile, the Employment Change came in at 76.3K in June from a rise of 44K in May (revised from 40.3K), better than the forecast of a 15K increase.
Nonetheless, fears of currency intervention from Japanese authorities could lift the JPY and cap the upside for the cross. Japan’s Finance Minister Satsuki Katayama said on Friday that officials are ready to act appropriately on currency shifts whenever necessary. Katayama added that the authorities are prepared to take decisive steps on the foreign exchange.
Technical Analysis:In the daily chart, AUD/JPY retains a bullish bias as price holds firmly above the 100-day simple moving average (SMA) and the Bollinger Bands’ 20-day SMA, keeping the broader uptrend intact. The Relative Strength Index (RSI) at 63 suggests firm positive momentum, edging toward overbought territory and hinting that upside progress could slow as buyers confront nearby resistance.
On the topside, immediate resistance is aligned with the Bollinger upper band around 114.70. A decisive break above the latter would open the way to the June 2 high of 114.92.
On the downside, initial support is seen at the June 16 high of 113.55. The next contention level is located at the Bollinger middle band at 112.95, followed closely by the 100-day SMA at 112.85; a sustained move below these levels would signal a deeper correction toward the lower Bollinger band around 111.22.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Audjpy faces seasonal headwinds into late summerAccording to TD Securities, seasonal patterns argue for caution on AUD/JPY over the coming months. The bank highlights that the cross has "historically experienced bearish seasonality in July and August," noting that in particular, "the pair was down in August 71% of the time over the past 20 years for an average loss of -1.5%." TD Securities suggests this track record reinforces the case for a more defensive stance as the market moves deeper into the late-summer period.
Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
TL;DR: Gold and Silver tumbled as markets returned to the oil-rates relationship that governed Q2, with Brent above $100 and 10-year Treasury yields above 4.7% restoring pressure on the metals — leaving their next move hostage to Trump’s binary decision on Iran.
Why This Matters Gold and Silver tumbled as markets returned to trading precious metals through the oil-rates relationship that governed markets in Q2. Brent’s move above $100 lifted inflation expectations, while the US 10-year Treasury yield surged beyond 4.7%. Investors responded by extending higher-for-longer Fed pricing, restoring pressure on non-yielding assets after a brief period in which geopolitical demand had insulated them from rising yields.
That earlier resilience this week now looks like a temporary anomaly rather than a durable shift in intermarket relationships. Attention has moved from the war itself to the economic consequences of the war. Higher oil threatens to keep inflation elevated, stronger inflation would push the Fed toward tightening, and rising Treasury yields increase the relative appeal of interest-bearing assets over Gold and Silver.
Trump’s Binary Choice on Iran With that relationship restored, Gold and Silver are now highly exposed to US President Donald Trump’s next decision on Iran. As the conflict enters its fifth month without a clear end in sight, Trump is reportedly becoming increasingly frustrated and impatient, and leaning toward greater use of force rather than extended diplomacy. Additional US forces, medical units, and weaponry are also being moved into the region, increasing the risk that the next step will be dramatic rather than incremental.
Trump appears to face an binary choice: a major military escalation, potentially including deployment of ground forces, or a negotiated settlement. Either outcome could produce an abrupt move in oil. What matters for precious metals is that the current oil-rates transmission is likely to remain intact, amplifying Gold and Silver’s response in either direction.
Escalation scenario: Stronger oil would lift inflation expectations, reinforce expectations that the Fed must keep rates high, and push Treasury yields higher — intensifying pressure on Gold and Silver and potentially accelerating their declines. Settlement scenario: Falling oil would ease inflation concerns and drag yields lower, creating conditions for a strong rebound in both metals. Direction therefore depends on Trump’s choice, but the current macro relationship points to a clear transmission in either scenario.
ActionForex’s Technical View on Gold Gold’s rebound from 3,959.42 to 4,166.08 this week looks more like another leg within the triangle consolidation from 3,942.23 than the start of a sustained recovery. Price is still well below the falling 55-day EMA, reinforcing the view that the decline from 4,889.24 is not complete. An eventual break of 3,942.23 is favored, targeting the 38.2% projection of 4,889.24 to 3,942.23 from 4,166.08 at 3,804.32, followed by the 61.8% projection at 3,580.82. Even in the case of another rebound, the outlook will stay bearish while the 38.2% retracement at 4,303.98 holds.
ActionForex’s Technical View on Silver Silver’s rebound from 54.77 was slightly stronger than expected, but it remained well below the 63.25 structural resistance and comfortably under the falling 55-day EMA. Another decline through 54.77 is still expected, with the $50 psychological level the next target. That area is close to the 76.4% retracement of 28.28 to 121.83 at 50.35. A break of 63.25 is needed to provide the first sign of bottoming; otherwise, downside risk will continue to dominate.
Key Takeaways The oil-rates relationship that drove Q2 trading has reasserted itself, ending the brief window in which geopolitical demand insulated Gold and Silver from rising yields. Brent above $100 and 10-year yields above 4.7% are the two levers now driving precious metals sentiment. Trump’s Iran decision is effectively binary — escalation or settlement — and both scenarios transmit cleanly into oil, yields, and metals. Gold’s structure favors an eventual break of 3,942.23, targeting 3,804.32 and then 3,580.82, while 4,303.98 caps any bullish reassessment. Silver needs a break of 63.25 to signal bottoming; until then, $50 remains the next downside target.
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.
On July 23, 2026, RH (RH) shares fell 5.2% to a current price of $166.08. The stock has seen significant volatility over the past year, with a 52-week range bet
Many investors are debating whether Micron (MU +2.51%) stock is an attractive purchase for long-term investment.
*Stock prices used were the afternoon prices of July 21, 2026. The video was published on July 23, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Micron Technology. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Taiwan Semiconductor (TSM -1.42%) is arguably the best manufacturing company in the world.
*Stock prices used were the afternoon prices of July 21, 2026. The video was published on July 23, 2026.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The Market Is Selling Everything, but These 5 Stocks Aren't Breaking DownThermo Fisher Scientific NYSE: TMO reported stronger-than-expected second-quarter 2026 results and raised its full-year outlook, citing improving customer activity across end markets, broad-based growth and contributions from recent acquisitions.
Chairman and Chief Executive Officer Marc Casper said the company delivered an “outstanding quarter,” with revenue rising 10% to $11.99 billion. Adjusted operating income increased 15% to $2.73 billion, while adjusted operating margin expanded 90 basis points to 22.8%. Adjusted earnings per share grew 13% to $6.03.
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The Often-Missed Corner of Healthcare That Wall Street Is LovingChief Financial Officer Jim Meyer said the results were meaningfully ahead of the company’s prior assumptions. Revenue was about $300 million above previous guidance, helped by stronger organic growth, acquisitions and foreign exchange. Adjusted EPS was $0.30 ahead of prior guidance, which Meyer attributed to revenue pull-through, cost productivity and acquisition performance, including Clario.
Customer Activity Strengthens Across End Markets Thermo Fisher reported 5% organic revenue growth in the quarter. Casper said customer activity continued to improve across the company’s end markets, with particular strength in pharma and biotech, the company’s largest end market.
Sector Rotation: 2 Smart Money Moves for 2026In pharma and biotech, revenue grew in the mid-single digits, led by bioproduction, clinical research and the research and safety market channel. Casper said biotech spending improved and began translating into revenue after earlier signs of increased activity.
Academic and government revenue grew in the low single digits, driven by chromatography and mass spectrometry. Casper said the market is stabilizing, with strong adoption of new instruments globally and U.S. academic and government revenue returning to growth, though he cautioned that the company is not yet calling it a sustained new trend.
Industrial and applied revenue grew in the mid-single digits, led by electron microscopy, chemical analysis and the research and safety market channel. Diagnostics and healthcare also grew in the mid-single digits, driven by the healthcare market channel and immunodiagnostics.
Segment Results Show Broad Growth Meyer said all four business segments contributed to the quarter’s performance. In Life Sciences Solutions, reported revenue increased 13%, while organic revenue grew 3%. Growth was led by bioproduction, which Meyer said had another quarter of excellent organic growth. Adjusted operating margin in the segment rose 20 basis points to 37.0%.
Analytical Instruments posted 7% growth on both a reported and organic basis. Meyer said all three businesses in the segment grew, led by electron microscopy. Adjusted operating income increased 30%, and adjusted operating margin expanded 420 basis points to 23.0%.
Specialty Diagnostics revenue increased 6% on a reported basis and 5% organically. Growth was led by the healthcare market channel, immunodiagnostics and transplant diagnostics. Adjusted operating margin rose 70 basis points to 27.7%.
Laboratory Products and Biopharma Services reported 12% revenue growth and 5% organic revenue growth. The research and safety market channel and clinical research business led growth. Adjusted operating margin increased 20 basis points to 14.0%.
Innovation and Acquisitions Remain Key Priorities Casper highlighted several product launches during the quarter, including next-generation Orbitrap platforms and AI-driven capabilities introduced at the American Society for Mass Spectrometry conference. He pointed to the Thermo Scientific Orbitrap Tribrid Apex Mass Spectrometer and Orbitrap Excedion Mass Spectrometer as tools designed to support research and drug development applications.
The company also launched the Thermo Scientific Vanquish Amplify UHPLC system and the Applied Biosystems PowerFlex Thermal Cycler. Casper said customer adoption of recent innovations has been strong, particularly in analytical instruments.
Thermo Fisher also discussed progress integrating recent acquisitions. Casper said the Clario acquisition, completed in late March, delivered a strong second quarter, with integration progressing smoothly and revenue synergy opportunities building. He said the filtration and separation business also continues to perform well, with positive customer feedback and strong demand.
The company also expects to close the divestiture of its microbiology business in the third quarter. Meyer said the transaction is expected to reduce 2026 revenue by about $200 million, net of the retained channel business, and reduce 2026 adjusted EPS by $0.05. Thermo Fisher used anticipated net proceeds from the transaction to repurchase $1 billion of shares in the second quarter.
Full-Year Guidance Raised Thermo Fisher raised its 2026 revenue guidance to a range of $47.4 billion to $48.1 billion, representing 6% to 8% reported revenue growth over 2025. The company now expects full-year organic revenue growth of about 4%, at the upper end of its 3% to 4% guidance range.
The company also increased adjusted EPS guidance to a range of $24.93 to $25.33, representing 9% to 11% growth over 2025 and a $0.25 increase at the midpoint from prior guidance.
Meyer said the revised EPS midpoint reflects $0.30 from second-quarter outperformance and $0.05 from a higher second-half revenue outlook, partially offset by a $0.05 impact from the microbiology divestiture and a $0.05 foreign exchange headwind in the second half.
Thermo Fisher now expects acquisitions to contribute $1.6 billion of revenue and $0.32 of adjusted EPS for the year. The company continues to expect free cash flow of $6.9 billion to $7.4 billion and net capital expenditures of $1.9 billion to $2.1 billion.
Management Cites Pharma, Biotech and China Improvement During the question-and-answer session, Casper said the improved second-half outlook is primarily driven by pharma and biotech. He said clinical research had an excellent quarter, with strong organic revenue growth and authorizations, while pharma services delivered modest growth in line with expectations and is expected to strengthen in the second half based on production schedules and customer campaigns.
Casper also said China, which represents about 7.5% of company revenue, returned to low-single-digit growth. He said growth there was driven by pharma and biotech as well as industrial and applied markets, while academic and government demand in China remained muted.
On bioproduction, Casper said Thermo Fisher’s position across upstream and downstream workflows supported the strong quarter. He noted leadership in cell culture media and single-use technologies, a growing purification position and added filtration capabilities from the Solventum filtration and separation acquisition.
Casper closed the call by saying Thermo Fisher is “on track to deliver a strong year” as it continues to execute its growth strategy and manage the business through innovation, acquisitions and capital returns.
About Thermo Fisher Scientific (NYSE:TMO)Thermo Fisher Scientific NYSE: TMO is a global provider of scientific instrumentation, reagents and consumables, software, and services that support research, clinical, and industrial laboratories. The company supplies analytical instruments and laboratory equipment, life sciences reagents and kits, specialty diagnostics, and a broad range of consumables used by researchers, clinicians, and manufacturers. Its offerings also include laboratory information management and data-analysis software, as well as service solutions such as instrument maintenance, validation, and logistics that help customers run complex workflows efficiently.
Thermo Fisher operates through multiple business areas that broadly cover life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services, including contract development and manufacturing for pharmaceutical and biotechnology companies.
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Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming DueUnion Pacific NYSE: UNP reported record second-quarter 2026 financial results, with executives citing volume growth, pricing gains and improved operating performance, while also raising the railroad’s full-year earnings outlook.
Chief Executive Officer Jim Vena said the company delivered “record financial results driven by strong execution and 2% volume growth.” Net income totaled $2 billion, and earnings per share were $3.36 on a reported basis. Adjusted for merger costs, EPS was $3.41.
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AI Broke the Trucks: 3 Transports to Buy After the AI Panic“There was a lot of in and outs as we compare our performance against last year,” Vena said, noting fuel was a major driver of both surcharge revenue and expense. Excluding those factors, he said Union Pacific saw “solid core improvement” in revenue and operating income.
Revenue Rises as Fuel Surcharges and Volume Lift Results Chief Financial Officer Jennifer Hamann said operating revenue rose 12% from a year earlier to $6.9 billion, while freight revenue also increased 12% to $6.5 billion. Fuel surcharge revenue contributed 750 basis points to freight revenue growth and increased by roughly $460 million, reflecting higher fuel prices and volume.
2026 Sector Playbook: 3 Sectors Trading Below Fair ValueVolume growth added 225 basis points to freight revenue, while core pricing and business mix contributed 175 basis points. Hamann said the company’s “quarterly pricing dollars continue to exceed inflation dollars” as Union Pacific competes for business at levels reflecting the value of its rail service.
Business mix was a slight headwind in the quarter, Hamann said, as stronger-than-expected domestic intermodal growth offset the mix benefit from lower international intermodal traffic.
Operating expenses rose 13% to $4.1 billion, primarily due to higher diesel fuel prices. Fuel expense increased 63%, driven by a 60% increase in the average fuel price and 2% higher gross ton miles. The company’s average price per gallon rose to $3.86 from $2.42 a year earlier, adding 120 basis points to the operating ratio.
Union Pacific’s operating ratio was 59.2% in the quarter. Hamann said cash from operations increased 21% to $5.5 billion, while free cash flow totaled $1.8 billion after network reinvestment and dividends. The company also paid down $1.5 billion of long-term debt in the first half, bringing adjusted debt-to-EBITDA to 2.5 times.
Company Raises 2026 EPS Outlook Union Pacific raised its 2026 outlook to reported EPS growth in the high single-digit range, up from its prior outlook for 6% year-to-date growth in line with January expectations. Hamann said the company expects continued operating ratio improvement despite pressure from fuel costs.
“Fuel prices remain volatile,” Hamann said, adding that recent purchases have been above $4 per gallon. In response to an analyst question, she said fuel would likely continue to pressure the operating ratio, but Union Pacific expects volume opportunities and productivity gains to help offset that headwind.
Vena said he would prefer lower fuel prices despite the revenue benefit from fuel surcharges, because sustained high fuel prices could affect customers and consumer demand. Hamann said the company has not yet seen that demand impact.
Bulk, Industrial and Premium Segments Show Mixed Trends Executive Vice President of Marketing and Sales Kenny Rocker said second-quarter freight revenue excluding fuel surcharge grew 4% to $5.5 billion, which he described as a record.
In the bulk segment, revenue rose 7% despite a 1% decline in volume. Grain and grain products posted double-digit volume growth, driven by export demand, facility expansions, renewable fuels and related feedstocks. Rocker said the category delivered record second-quarter volume and revenue. Coal volume was pressured by weaker natural gas prices, mild weather and customer downtime.
Industrial revenue increased 8% on 3% volume growth. Petrochemicals benefited from improved demand and new business, while metals and minerals volumes rose on higher domestic steel production and business development wins, offsetting weakness in export soda ash.
Premium revenue rose 21% on 4% volume growth and a 16% increase in average revenue per car. Domestic intermodal posted its fourth consecutive record quarter in both volume and revenue, with private asset, rail asset and parcel volumes all up double digits. Rocker said the business benefited from constrained truck capacity and share gains. International intermodal volume fell 14%, though the company saw improvement late in the quarter from stronger West Coast imports.
Looking ahead, Rocker said grain and grain products are positioned for further second-half growth, while coal is expected to remain challenging due to elevated inventories and lower natural gas prices. He also said domestic intermodal should continue to perform well, supported by over-the-road conversions and Union Pacific’s service product.
Operations Improve as Volume Grows Executive Vice President of Operations Eric Gehringer said Union Pacific delivered record second-quarter operating performance while handling 2% more volume. Employee and derailment rates improved compared with their respective three-year rolling averages.
Freight car velocity increased 5% to 231 miles per day, a second-quarter record. Train speed rose 3%, and terminal dwell improved 7% to 19.7 hours, matching the first-quarter record and marking the third straight quarter below 20 hours. Gehringer said both the intermodal and manifest service performance indexes finished at 95%.
The company also reported record workforce productivity, train length and fuel consumption performance. Locomotive productivity improved 1%, fuel consumption improved 1%, workforce productivity rose 5%, and train length increased 2% from a year earlier.
Gehringer said Union Pacific continues to make strategic capacity investments, including in the Houston Complex, Pacific Northwest siding extensions and Sunset Double Track projects.
Norfolk Southern Merger and CN Agreement Remain in Focus Vena also provided an update on Union Pacific’s proposed merger with Norfolk Southern. He said the Surface Transportation Board accepted the company’s application as complete on May 28 and that Union Pacific planned to submit supplemental information requested by the board on Monday.
Vena said Union Pacific has expanded its Committed Gateway Pricing and made other voluntary commitments intended to improve the competitive nature of the proposed merger. He also highlighted a newly announced merger settlement agreement with Canadian National.
Vena said the agreement with Canadian National addresses ownership and competitive issues involving the Kansas City terminal and Terminal Railroad Association of St. Louis, while also giving Canadian National access between east of St. Louis and Kansas City. He said the agreement would provide CN with a path to move traffic into Mexico and would give Union Pacific better east-to-west access through Chicago.
Vena argued the merger would create seamless single-line service, improve reliability, lower costs and make rail more competitive against trucks and other railroads. “Now versus almost one year ago when we first announced our plans to merge, we have even more conviction that our transaction is in the public interest,” he said.
About Union Pacific (NYSE:UNP)Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.
Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.
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The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.
SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?Snap-On NYSE: SNA reported higher second-quarter sales and earnings, with management pointing to strength in its Commercial & Industrial business and continued demand from vehicle repair technicians despite what executives described as a highly uncertain operating environment.
Chief Executive Officer Nick Pinchuk said the quarter showed the company’s ability to execute amid “Ukraine, inflation, fluctuating tariffs, restructured supply chains” and tensions involving Iran. He said Snap-on benefited from long-running market trends, including the rising complexity of vehicles, an aging vehicle fleet, demand for precision and customization in critical industries, and the increasing importance of technology and proprietary software.
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Industrial Buybacks: Top Homebuilding Supplier Leads Buyback IncreasesNet sales rose 4.7% to $1.235 billion, including a 3% organic gain, $11.5 million from the recent acquisitions of Hi-Force Hydraulic Tools and Diesel Laptops, and $8.7 million from favorable foreign currency translation. Net earnings were $260.6 million, or $4.96 per diluted share, compared with $250.3 million, or $4.72 per diluted share, a year earlier.
Consolidated gross margin improved to 51.4% from 50.5%. Chief Financial Officer Aldo Pagliari said the 90-basis-point increase primarily reflected higher volume and savings from the company’s rapid continuous improvement initiatives. Operating earnings before financial services were $268.9 million, compared with $259.1 million a year earlier, while the operating margin before financial services edged down to 21.8% from 22.0%.
Commercial & Industrial Drives Growth MarketBeat Week in Review – 10/20 - 10/24The Commercial & Industrial, or C&I, segment posted the strongest performance among Snap-on’s operating groups. Sales rose to $395.8 million, up $48 million from the prior year, including an 11% organic gain, $6.8 million from the Hi-Force acquisition and $2.5 million from currency translation.
Pagliari said the organic improvement reflected gains in Asia-Pacific and European handheld tools businesses, as well as double-digit increases in specialty torque and power tools. Sales to critical industries rose mid-single digits, led by aviation activity in the U.S. and internationally, along with gains in heavy-duty fleets and technical education. Shipments for military applications remained “attenuated,” he said.
C&I operating earnings increased to $66.5 million from $46.9 million, and operating margin expanded to 16.8% from 13.5%. Pinchuk called the margin an all-time record for the segment and said demand was strong for custom kits, precision torque tools and power tools.
During the question-and-answer session, Pinchuk said the C&I gross margin improvement was not primarily due to mix, noting that the most profitable critical industries business grew below the segment average. He instead cited better performance in several product areas, including power tools and torque, as well as improved absorption in Asia-Pacific and Europe.
Tools Group Gains Despite Weak Tool Storage The Snap-on Tools Group reported sales of $508.8 million, up from $491.0 million a year earlier, reflecting a 3% organic sales gain and $2.9 million of favorable currency translation. Pagliari said the organic increase came from low double-digit gains in both U.S. and international operations.
Management said activity was helped by higher sales of featured new items, including power tools, air conditioning service products and diagnostics. Pinchuk said the company continued to pivot toward “quicker payback” products as technicians remain reluctant to take on longer-term obligations for larger purchases such as tool storage.
Operating earnings in the Tools Group declined to $115.1 million from $116.7 million, and operating margin fell to 22.6% from 23.8%. Pagliari said gross margin slipped 30 basis points to 48.0%, primarily due to product mix, partially offset by savings from improvement initiatives. Operating expenses rose due to higher personnel, freight and other costs.
In response to an analyst question about originations and higher-ticket items, Pinchuk said tool storage was down while diagnostics was up, with storage representing a larger portion of the financing mix. He said the first quarter’s stronger tool storage performance had been helped by a limited-edition product tied to the U.S. semiquincentennial.
Repair Systems & Information Mixed as OEM Dealers Slow Repair Systems & Information, or RS&I, reported sales of $480.3 million, compared with $468.6 million a year earlier. The increase included $3.2 million of organic growth, $4.7 million from the Diesel Laptops acquisition and $3.8 million from currency translation.
Pagliari said low single-digit increases in undercar equipment and in diagnostics and repair information products sold to independent repair shop owners and managers were mostly offset by weaker activity with OEM dealerships. Pinchuk said independent shops continued to invest in products that expand their capabilities, while OEM dealers showed hesitancy on capital expenditures as automakers slowed program launches.
RS&I operating earnings fell to $115.1 million from $119.8 million, and operating margin declined to 24.0% from 25.6%. Pagliari cited higher sales of lower-margin products, higher personnel and other costs, expanded technology investments and a modest impact from the Diesel Laptops acquisition.
Pinchuk said Snap-on is investing in its proprietary database and large language model efforts, which he said the company expects to benefit from over time. He also highlighted the launch of the Apollo handheld diagnostic unit, describing it as an entry point for technicians seeking intelligent diagnostics at a moderate cost.
Financial Services Revenue Slips Financial services revenue declined to $99.7 million from $101.7 million a year earlier, primarily due to lower interest income from a smaller average finance receivable portfolio. Financial services operating earnings were $67.5 million, compared with $68.2 million.
Total loan originations were $281.0 million, down $12.0 million, or 4.1%, from the prior year. Extended credit loan originations were $237.6 million, down 2.4%. Pagliari said the U.S. 60-day-plus delinquency rate for extended credit receivables was 1.7%, down 10 basis points from the prior year and 20 basis points from the previous quarter.
Outlook and Capital Allocation Snap-on generated $271.5 million in cash from operating activities during the quarter, up from $237.2 million a year earlier. Investing activities included $154.0 million for acquisitions, net of cash acquired, consisting of $99.1 million for Diesel Laptops and $54.9 million for Hi-Force. Capital expenditures were $23.1 million.
The company paid $126.4 million in dividends and repurchased 241,000 shares for $91.4 million. Pagliari said Snap-on had $185.5 million remaining under existing share repurchase authorizations at quarter-end.
For the remainder of 2026, Pagliari said corporate costs are expected to approximate $28 million in each of the next two quarters. The company expects full-year capital expenditures of about $100 million and an effective tax rate of approximately 22%.
Pinchuk said Snap-on remains confident in its ability to sustain progress through the rest of the year, citing resilience in vehicle repair and critical industries. “The results taken individually or collectively are marked by momentum, strength, and continuing green shoots,” he said.
About Snap-On (NYSE:SNA)Snap‑On Incorporated NYSE: SNA is a designer, manufacturer and marketer of tools, diagnostic equipment, repair information and shop equipment for professional users. The company's product range includes hand and power tools, tool storage and cabinets, diagnostic scan tools and software, shop equipment such as lifts and tire changers, and specialized specialty tools for automotive, aviation, marine and industrial applications. Snap‑On also offers information and workflow solutions that combine diagnostic data, repair procedures and parts information to support professional technicians.
Founded in 1920 and headquartered in Kenosha, Wisconsin, Snap‑On has established a long history in the professional tools market.
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Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
EUR/JPY extends its gains for the fourth consecutive day, trading around 186.50 during the Asian hours on Friday. The currency cross is maintaining a bullish near-term bias as price holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The positioning above these trend filters, together with a 14-day Relative Strength Index (RSI) around 60, suggests constructive upside momentum while stopping short of overbought territory.
The daily chart technical analysis shows an ascending triangle has morphed into a rising wedge, signaling a shift from bullish accumulation to market exhaustion, typically indicating a strong bearish reversal risk.
The EUR/JPY cross is positioned within the rising wedge, with targeting the upper boundary around 186.80. Further advances would support the currency cross to navigate the region around the all-time high of 187.95, which was recorded on April 17.
On the downside, the initial support lies at the nine-day EMA of 185.94, with additional backing at the 50-day EMA of 185.26, aligned with the lower boundary of the rising wedge. Further declines below the wedge put downward pressure on the EUR/JPY cross to navigate the region around the five-month low of 181.87, recorded on March 16, and the seven-month low of 180.81.
EUR/JPY: Daily Chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Euro Price Today The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.
USDEURGBPJPYCADAUDNZDCHFUSD-0.09%0.00%-0.03%-0.06%-0.08%-0.12%0.03%EUR0.09%0.06%0.02%-0.02%-0.06%-0.09%0.06%GBP-0.01%-0.06%-0.02%-0.07%-0.11%-0.12%0.01%JPY0.03%-0.02%0.02%-0.02%-0.07%-0.09%0.04%CAD0.06%0.02%0.07%0.02%-0.04%-0.08%0.07%AUD0.08%0.06%0.11%0.07%0.04%-0.02%0.09%NZD0.12%0.09%0.12%0.09%0.08%0.02%0.13%CHF-0.03%-0.06%-0.01%-0.04%-0.07%-0.09%-0.13% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
