Track market-moving stories before they get noisy

Interactive Brokers (IBKR -0.05%) keeps setting records in the financial asset trading space. The online brokerage catering to global traders posted a pre-tax profit margin of 77% in its latest quarterly earnings, marking seven straight quarters with a bottom-line margin above 70%.

This makes it one of the most profitable companies in the world in relation to profit margins, which is why it now has a market cap of $155 billion. Here's the magic behind these absurd margins, and whether it makes the stock a buy right now.

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Automated brokerage for global traders Stock trading is now almost entirely digital worldwide. For Interactive Brokers -- otherwise known as IBKR -- this has been a tailwind, as it is one of the best platforms for connecting global traders. Through decades of technology and regulatory investments, IBKR can connect investors who want to buy stocks, bonds, and foreign currencies in 170 markets worldwide.

When an individual or a hedge fund in the United States wants to buy stocks in Japan, the easiest way is to use IBKR. The same can be said for someone in Japan who wants to invest directly in the United States. This better customer value proposition has people switching over their trading to IBKR, with customer accounts up 34% to 5.19 million at the end of last quarter.

With only 3,000 employees globally, compared to sometimes 10 times that number at competing stock brokerages, IBKR has remained highly efficient in spending to scale profits quickly across its digital trading platform. This is why the business has enjoyed extreme operating leverage in recent years, hitting 77% last quarter. A ceiling of 100% limits how much more leverage IBKR can achieve in its operations, but its discipline on employee count should lead to even greater margin expansion in the years ahead if it can keep growing total customer accounts.

Image source: Getty Images.

The rub on IBKR's margin, and whether it is a buy today One area where IBKR has seen a boost to its business in the last few years is net interest income. With the Federal Reserve raising interest rates, the company was able to charge customers more on margin loans and credit balances, as well as with idle cash on its balance sheet. Net interest income grew 23% to $1 billion last quarter, and is actually the largest revenue segment for the business.

This may reverse in a falling interest rate environment, which will affect IBKR's growth and pre-tax profit margin. However, it doesn't change the fact that IBKR is one of the most efficiently run growth businesses in the world.

But is the stock cheap? Today, IBKR trades at a price-to-earnings ratio (P/E) of 36, one of its highest levels in years, driven by a recent acceleration in customer account growth. I think the stock will likely do well over the long term. It is just hard to argue that IBKR is a screaming buy right now, due to this high P/E ratio.

Brett Schafer has positions in Interactive Brokers Group. The Motley Fool has positions in and recommends Interactive Brokers Group. The Motley Fool recommends the following options: long January 2027 $43.75 calls on Interactive Brokers Group and short January 2027 $46.25 calls on Interactive Brokers Group. The Motley Fool has a disclosure policy.

VICI Properties offers a high, well-covered dividend and strong cash flows, making it attractive for income-focused investors. The Caesars buyout could trigger property divestitures and new sale-leasebacks, reducing VICI's tenant concentration risk. VICI's 6.84 percent forward dividend yield is well covered by AFFO with a 1.36 times coverage ratio.

NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of purchasers of securities of Hub Group, Inc. (NASDAQ: HUBG) between April 28, 2023 and May 11, 2026, inclusive (the “Class Period”), of the important August 28, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Hub Group 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 Hub Group class action, go to https://rosenlegal.com/cases/hub-group-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 August 28, 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 false and/or misleading statements and/or failed to disclose that Hub Group’s financial statements prepared for the periods from Q1 2023 to Q4 2024, including annual reports for 2023 and 2024, contained material misstatements—caused by the premature and incorrect recognition of certain transactions—concerning, inter alia, Hub Group’s operating revenue, operating income, revenue recognition, effectiveness of internal controls and procedures, and drivers of financial results and growth. In addition, Hub Group’s financial statements prepared for the periods from Q1 2025 to Q3 2025 contained material misstatements—caused by the understatement of purchased transportation costs and accounts payable —concerning, inter alia, Hub Group’s operating expenses, purchased transportation and warehousing expenses, operating income, effectiveness of internal disclosure controls and procedures, and drivers of financial results and growth. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Hub Group class action, go to https://rosenlegal.com/cases/hub-group-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
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        www.rosenlegal.com

Diluted Earnings Per Share Growth: 11% in the quarter and year-to-date.Admissions Growth: Increased 2.5% in the second quarter.Equivalent Admissions Growth: In

New hands-on training center in Gary will help prepare the next generation of water industry professionals

, /PRNewswire/ -- Indiana American Water and U.S. Rep. Frank J. Mrvan today previewed the new American Water Training Facility in Gary, a hands-on learning environment designed to strengthen workforce readiness, support operator training, and help prepare the next generation of skilled workers in the water industry.

Located at 650 Madison Street, the facility is expected to officially open this fall and represents a nearly $1.8 million investment in training, safety, and long-term operational excellence. Designed as an outdoor "mini-city," the training center provides a controlled environment where employees can practice real-world field scenarios before performing them in the community.

The training center will support instruction across production, field services, construction and future water applications. Training capabilities may include excavation, shoring, locating utility lines, traffic control, water main tapping, service line work, confined space procedures, meter installation, hydrant repair, and water main repair and replacement.

"Indiana American Water is proud to invest in a facility that directly supports the people who keep safe, reliable water service flowing for communities across Northwest Indiana," said Barry Suits, president, Indiana American Water. "This training center gives our employees the opportunity to build skills in a practical, hands-on environment while strengthening safety, operational excellence and career development. As our industry prepares for future workforce needs, this facility will help develop the next generation of licensed operators and skilled field professionals who will serve Hoosier communities for years to come."

"Thank you to all of the leaders of Indiana American Water for their commitment to workforce development, infrastructure reliability, and preparing the next generation of workers to support the essential services our communities depend on every day." Congressman Frank Mrvan said. "I am grateful for the opportunity to visit with the workforce and see this important investment in a new training facility that will help ensure more young people and current workers have access to beneficial trainings and successful career pathways."

The training facility is expected to benefit Indiana American Water's workforce throughout the state, including nearly 100 United Steelworkers employees, by expanding access to practical training opportunities that support skill development, safety, certification readiness and future leadership in the water sector.

"Water service is essential to public health, economic development and quality of life," Suits added. "By investing in workforce development today, we are helping ensure that communities across Northwest Indiana continue to receive high-quality service from trained, dedicated professionals tomorrow."

The July 24 visit provided an opportunity for Congressman Mrvan and Indiana American Water leaders to discuss workforce development, infrastructure investment, operator training, and the role of strong public-private collaboration in supporting safe and reliable water service throughout Northwest Indiana.

For more information, visit Indiana American Water.

About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to more than 14 million people with regulated operations in 14 states and on 18 military installations. American Water's 6,500 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders. For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.

About Indiana American Water
Indiana American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing high-quality and reliable water and wastewater services to approximately 1.5 million people. For more information, visit amwater.com/inaw and join Indiana American Water on LinkedIn, Facebook, X and Instagram.

SOURCE American Water

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Inspire Medical Systems, Inc. (NYSE: INSP).In August of 2025, contrary to the Company's repeated assurances that it had met all regulatory, technical, and commercial prerequisites for the launch of its Inspire V device, the Company disclosed that the launch faced an "elongate.

Stronger UK retail sales and improving business activity support the pound, but GBP/EUR must break 1.1760 to revive July’s rally. The Pound to Euro exchange rate recovered on Friday after suffering three consecutive daily declines earlier in the week.

GBP/EUR traded at 1.1718 late on Friday, up 0.14% on the day but below the previous week’s close of 1.1763.

Sterling reached a July high of 1.1827 on July 15 before retreating as softer UK inflation encouraged some investors to take profits and the Euro received support from improving Eurozone economic data.

Despite the setback, GBP/EUR remains around 0.9% above the July opening level near 1.1610 and comfortably above the June close at 1.1610.

The pullback has also stopped close to 1.1700, suggesting buyers remain willing to defend the exchange rate above the former July consolidation zone.

Image: GBP/EUR chart showing July rally to 1.1827 and pullback towards 1.1700 The technical outlook is therefore constructive but no longer decisively bullish.

GBP/EUR has formed resistance between 1.1760 and 1.1780, an area containing several recent daily closes. A recovery above this zone would improve the prospect of another challenge to 1.1800 and the July high at 1.1827.

Initial support is located around 1.1700, followed by the July 14 low and earlier cluster of closes around 1.1725.

A sustained break below 1.1700 would expose the June high at 1.1623 and the July opening area between 1.1600 and 1.1610.

UK Economy Ends the Week on a Stronger Footing Friday’s UK data offered some encouragement after employment and inflation figures had raised questions over the strength of the economy earlier in the week.

The Office for National Statistics reported that retail sales volumes increased 1.0% in June, defying expectations for a 0.3% decline.

Sales were also 4.2% higher than a year earlier, with warm weather, promotions and stronger online demand supporting spending.

Non-store retail sales rose 4.4% during the month, while the proportion of sales made online reached its highest level since April 2021.

The figures followed a 1.2% monthly increase in May and meant retail sales expanded 0.6% during the second quarter.

UK business activity also strengthened during July.

The flash composite purchasing managers’ index rose to 52.1, its highest level since February and above the 50 threshold separating expansion from contraction.

Services activity benefited from hospitality, domestic tourism and improved consumer confidence, while business cost pressures showed signs of easing.

The combination of stronger retail spending and renewed private-sector growth provides a better starting point for the new government and should reduce immediate concern over a sharp economic slowdown.

However, the improvement may prove vulnerable if higher oil and gas prices squeeze household incomes during the second half of the year.

Softer Inflation Limits the Pound’s Recovery Sterling’s response to Friday’s data was positive but limited because the latest inflation report has reduced the urgency for further Bank of England tightening.

The UK consumer price index increased 2.6% in the year to June, down from 2.8% in May and below the Bank of England’s previous projections.

Monthly inflation was just 0.1%, while CPIH inflation declined from 3.0% to 2.8%.

The figures followed evidence that private-sector wage growth has slowed and vacancies have fallen to 712,000.

Together, these reports suggest that underlying domestic inflation pressures are easing, even though the renewed increase in energy prices threatens to push headline inflation higher later this year.

The Bank of England will announce its latest interest-rate decision next week.

Policymakers are widely expected to leave Bank Rate unchanged at 3.75%, but markets will focus on the vote split and any guidance concerning the remainder of the year.

A cautious statement that emphasises weaker wage growth and lower June inflation could weigh on the Pound, particularly if policymakers push back against expectations for further rate increases.

Pound Sterling would receive stronger support if the Bank concentrates on the inflation risks created by rising energy costs and signals that another increase remains possible.

For GBP/EUR, the decision will be important because the Pound’s interest-rate advantage over the Euro remains one of its main sources of support.

ECB Leaves the Door Open to Higher Rates The European Central Bank left its three principal interest rates unchanged on Thursday, keeping the deposit rate at 2.25%.

In its latest monetary-policy decision, the ECB warned that the full inflationary consequences of the energy shock had yet to emerge.

The central bank maintained a data-dependent, meeting-by-meeting approach and said it would monitor the duration of the shock and the risk of indirect or second-round effects.

That kept the prospect of another increase in September alive.

Money markets continue to see a strong chance of two additional ECB increases before the end of the year, although weak growth could restrict how far policymakers are willing to tighten.

The economic picture improved on Friday as the Eurozone composite PMI rose from 50.0 to 51.9 in July.

The reading was well above expectations for 50.3 and signalled the strongest expansion in five months.

New orders returned to growth, while the survey was consistent with quarterly economic growth of approximately 0.3%.

An ECB survey published on Friday nevertheless showed economists expect Eurozone growth of only 0.6% during 2026, down from an earlier estimate of 1.0%.

The same survey placed average inflation at 2.7% this year and 2.2% in 2027.

The Euro therefore benefits from the possibility of further ECB tightening, but the outlook is constrained by weak underlying growth and the risk that higher energy costs damage the region’s manufacturing economy.

What’s the Forecast for the Pound versus the Euro? The broader Pound-to-Euro exchange rate trend remains positive, but the failure above 1.1800 and three consecutive daily declines indicate that the July rally has entered a consolidation phase.

Friday’s rebound from 1.1700 is technically encouraging and suggests the correction has not yet developed into a more significant reversal.

The central forecast is for GBP/EUR to remain within a 1.1680–1.1780 range ahead of the Bank of England decision.

A break above the cluster of recent closes around 1.1760–1.1780 would suggest buyers are regaining control and expose 1.1800, followed by the July high at 1.1827.

A close above 1.1827 would confirm a fresh breakout and bring 1.1900 into consideration.

The downside risk would increase if GBP/EUR closes below 1.1700.

That would indicate the recent rebound has failed and expose 1.1620–1.1630, where the June high and former resistance are located. The July opening level near 1.1610 would provide additional support.

Stronger UK activity data and the Pound’s existing interest-rate advantage favour eventual recovery, but the Euro has gained support from a more hawkish ECB outlook and a surprisingly strong July PMI.

The Bank of England will therefore determine whether GBP/EUR can return towards 1.1800 or whether the correction extends towards the former breakout area above 1.1600.

Planes cue on the runway for takeoff as another lands at New York's LaGuardia airport in New York City, U.S., May 22, 2026. REUTERS/Shannon Stapleton/File Photo Purchase Licensing Rights, opens new tab

WASHINGTON, July 24 (Reuters) - Major U.S. airlines will need to retrofit planes by the end of 2030 to address potential wireless ​interference after a new auction of wireless spectrum, but the carriers will be ‌eligible for as much as $2.2 billion in government rebates to cover the costs, the Federal Aviation Administration said on Friday.

The FAA is requiring all altimeters to meet next-generation performance requirements to ​address interference from 5G signals in spectrum that could cause inaccurate ​readings.

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The rebates will be funded by some of the ⁠government's proceeds of the C-Band wireless auction run by the Federal Communications ​Commission. The FAA estimates the cost at $80,000 to $120,000 per airplane.

Other aircraft will ​need to be retrofitted by later 2034 and the FAA estimates the total cost of retrofitting civilian airplanes at up to $7.1 billion.

The 2030 deadline covers "flights by the major ​domestic and international airlines that affect the flying public, have the highest ​public expectation of safety, perform a significant majority of low-visibility operations that would otherwise be ‌restricted ⁠to protect from hazardous interference," the FAA said.

Foreign operators will not be eligible for rebates. The FAA requirements only apply to airplanes flying in U.S. airspace.

FCC Chair Brendan Carr said this week that the agency and ​FAA processes "will together provide ​for the ⁠upgrade radio altimeters and provide rebates to support eligible domestic aircraft operators and owners in this effort."

In 2022, ​there were brief disruptions at some U.S. airports as international ​carriers canceled ⁠some flights over concerns that 5G service could interfere with airplane altimeters, which provide data on a plane's height above ground and are crucial for bad-weather ⁠landings.

​The issue was resolved after a voluntary agreement ​was reached between Verizon, AT&T and major air carriers, but there were other headaches as air ​carriers have worked to upgrade altimeters.

Reporting by David Shepardson; Editing by David Gregorio

Our Standards: The Thomson Reuters Trust Principles., opens new tab

LOS ANGELES, July 24, 2026 (GLOBE NEWSWIRE) -- The Law Offices of Frank R. Cruz announces an investigation of Rollins, Inc. (“ROL” or the “Company”) (NYSE: ROL) on behalf of investors concerning the Company's possible violations of federal securities laws.

ING’s forecast for EUR/USD to retreat towards 1.1380 has already been realised, with the pair now testing its lowest levels of July as higher energy prices support the US Dollar. The Euro-to-Dollar exchange rate traded close to 1.1371 late on Friday, extending its retreat from the mid-July peak near 1.1470.

EUR/USD fell 0.30% on Thursday and has now declined in seven of the past eight completed sessions.

The pair is also down by around 0.3% for July, having traded between 1.1362 and 1.1481 during the month.

ING had expected EUR/USD to drift back towards 1.1380 as elevated energy prices continued to favour the Dollar.

That objective has now been reached and modestly exceeded, leaving the market focused on whether support around 1.1360 can prevent a deeper Euro decline.

Latest — Exchange Rates:

Euro to Dollar (EUR/USD): 1.137117 (-0.05%)

Pound to Dollar (GBP/USD): 1.332498 (+0.09%)

Dollar to Yen (USD/JPY): 163.85169 (0.00%)

ING Sees US Dollar Support from Higher Energy Prices ING describes a global investment environment in which equity-market sentiment remains relatively resilient even as higher energy prices push interest rates upwards.

According to the bank, investors are favouring currencies that provide both attractive yields and some protection against a further escalation in energy costs.

“The dollar and the Norwegian krone remain the go-to currencies here,” says Chris Turner, ING’s Global Head of Markets and Regional Head of Research for the UK and Central and Eastern Europe.

The Dollar’s yield advantage and the relative resilience of the US economy leave it better positioned than lower-yielding currencies during a period of elevated oil and gas prices.

ING expects the Dollar Index to remain supported within its 100.35-101.80 range and continues to favour the upside over the short term.

Higher energy prices are particularly relevant for EUR/USD because the Eurozone is a major net energy importer.

An extended increase in oil and natural gas costs can weaken the region’s terms of trade, squeeze household spending and raise costs for European businesses, while simultaneously supporting the Dollar through higher US yields and safe-haven demand.

Image: EUR/USD 15-minute technical chart showing support around 1.1360 and resistance between 1.1380 and 1.1392 EUR/USD Reaches ING’s 1.1380 Target Analysts at ING noted that EUR/USD had initially held up relatively well despite the rebound in energy prices and a rise in European natural gas towards €60 per megawatt hour.

Interest-rate expectations helped explain that resilience.

Higher energy costs encouraged investors to price a more aggressive tightening response from the European Central Bank than from the Federal Reserve, temporarily supporting Eurozone yields and the single currency.

However, ING questioned how much further ECB expectations could move in a hawkish direction.

“It is hard to see the market pricing in even higher ECB rates, regardless of the language delivered at tomorrow’s ECB meeting and press conference,” says Turner.

“Barring a near-term move towards another cease-fire between the US and Iran, our bias remains for EUR/USD to drift back to 1.1380.”

That forecast has proved accurate, with EUR/USD falling through 1.1380 and approaching July’s low around 1.1362.

The question now is whether the retreat represents the completion of the corrective move or the beginning of a more sustained decline.

EUR/USD Technical Outlook Remains Fragile The short-term chart continues to favour the US Dollar, although the Euro is attempting to stabilise near the bottom of its recent range.

EUR/USD trades below its 20-period moving average near 1.1372 and beneath session VWAP around 1.1381.

The pair is also well below the 200-period moving average near 1.1392, confirming that the immediate intraday trend remains bearish.

Repeated failures between 1.1390 and 1.1400 have established this region as significant resistance. The Euro would need to recover above this area to suggest that the sequence of lower short-term highs has been broken.

RSI has recovered to approximately 44 after previously approaching oversold territory.

The indicator remains below the neutral 50 level, showing that bearish momentum is still present, but the recovery from its lows suggests selling pressure is no longer accelerating.

This is consistent with a market consolidating after a decline rather than one already embarking on a convincing rebound.

Initial resistance is located around 1.1374, followed by ING’s former target at 1.1380.

A recovery above 1.1380 would allow EUR/USD to challenge 1.1387 and the 200-period moving average close to 1.1392.

The 1.1400 area then represents the more important technical barrier. A sustained break above it would weaken the immediate bearish case and suggest the pair is returning to a broader range.

On the downside, July’s low at 1.1362 is the key near-term support.

A decisive break beneath that level would confirm that the decline has extended beyond ING’s original objective and expose the lower portion of June’s range.

Energy Market Remains the Key Risk ING’s EUR/USD assessment was conditional on the geopolitical and energy-market backdrop.

A ceasefire or meaningful de-escalation between the US and Iran would reduce the energy-price premium supporting the Dollar and could allow the Euro to recover.

The opposite scenario presents the larger downside risk.

A renewed rise in oil or European gas prices would probably reinforce demand for the Dollar while increasing concerns over the Eurozone growth outlook.

The policy implications are also complicated.

Higher energy prices can raise headline inflation and encourage expectations of tighter ECB policy, but they simultaneously weaken real incomes and economic activity.

ING’s argument is that the market has limited capacity to price substantially more ECB tightening, reducing the potential support available to the Euro from interest-rate expectations.

The Federal Reserve, meanwhile, benefits from a stronger US growth backdrop and a currency that tends to attract demand when geopolitical uncertainty increases.

EUR/USD Technical Forecast ING’s move towards 1.1380 has been completed, but the short-term technical picture does not yet provide a convincing signal that the decline is over.

EUR/USD remains below its main intraday moving averages and continues to trade near the bottom of July’s range.

The 1.1362 monthly low is now the immediate dividing line.

Holding above this level could produce a corrective recovery towards 1.1380 and potentially 1.1390, particularly if energy prices ease or geopolitical tensions subside.

A break below 1.1362 would instead strengthen the Dollar’s advantage and leave EUR/USD vulnerable to a deeper extension lower.

The base case is therefore for the Euro to remain under pressure while below 1.1390-1.1400, with energy prices and developments in the Gulf determining whether the pair stabilises or resumes its decline.

CoreWeave: Accelerating Revenue TrajectoryCoreWeave (CRWV -11.58%) operates a specialized computing infrastructure that provides high-performance servers, storage solutions, and managed services to large enterprises.

It secured a multi-billion dollar term loan facility in May 2026, while reporting a negative 36% net income margin for the quarter ended March 31, 2026.

Datadog: Steady Revenue ProgressDatadog (DDOG +0.97%) provides a software application that combines infrastructure oversight, performance tracking, and security surveillance for technology environments.

It announced the acquisition of Adaptive ML in June 2026 to accelerate its ambitions around artificial intelligence, and it recorded a 5% net income margin for the quarter ended March 31, 2026.

Understanding the Revenue MetricRevenue serves as a baseline indicator of user demand and business scale. Understanding this top-line figure helps investors measure how effectively a business generates sales over time.

Quarterly Revenue for CoreWeave and DatadogQuarter (Period End)CoreWeave RevenueDatadog RevenueQ2 2024 (June 2024)$395.4 million$645.3 millionQ3 2024 (Sept. 2024)$583.9 million$690.0 millionQ4 2024 (Dec. 2024)$747.4 million$737.7 millionQ1 2025 (March 2025)$981.6 million$761.6 millionQ2 2025 (June 2025)$1.2 billion$826.8 millionQ3 2025 (Sept. 2025)$1.4 billion$885.7 millionQ4 2025 (Dec. 2025)$1.6 billion$953.2 millionQ1 2026 (March 2026)$2.1 billion$1.0 billionData source: Company filings. Data as of July 24, 2026.

Foolish TakeThe sales trends for CoreWeave and Datadog are an example of how revenue alone is not indicative of whether a company is a worthwhile stock investment. CoreWeave has demonstrated an incredible pace of revenue acceleration, more than doubling the income Datadog brought in during the first quarter.

CoreWeave’s business is seeing jaw-dropping sales growth because it provides infrastructure designed specifically for the advanced technical requirements needed to support AI. The massive demand for this infrastructure is illustrated in CoreWeave’s sales trend.

However, the company is not profitable, posting a Q1 operating loss of $144 million, an increase over the prior year’s loss of $27 million. Worse, it has amassed about $25 billion in debt at the end of Q1 compared to over $2 billion in cash and equivalents.

Datadog may not display CoreWeave’s level of sales growth, but it is a stronger company from a financial perspective. It reported Q1 operating income of $7.3 million, a significant turnaround from an operating loss of $12.4 million in 2025. It exited Q1 with debt of $984.5 million while cash and marketable securities exceeded $4.8 billion.

SAN DIEGO, July 24, 2026 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of AeroVironment, Inc. (NASDAQ: AVAV) securities between June 25, 2025 and March 10, 2026, all dates inclusive (the “Class Period”), have until this upcoming Monday, July 27, 2026 to seek appointment as lead plaintiff of the AeroVironment class action lawsuit. Captioned Norrell v.

NOVATO, Calif., July 24, 2026 (GLOBE NEWSWIRE) -- Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of novel therapies for rare and ultra-rare diseases, today reported the grant of 65,886 restricted stock units of the company's common stock to 39 newly hired non-executive officers of the company. The awards were approved by the compensation committee of the company's board of directors and granted under the Ultragenyx Employment Inducement Plan, with a grant date of July 16, 2026, as an inducement material to the new employees entering into employment with Ultragenyx in accordance with Nasdaq Listing Rule 5635(c)(4).

TSR Racing and NHRA's powerhouse fanbase provide American Rebel Light Beer a premier national stage to showcase its patriotic brand - American Rebel Light - America's Patriotic Beer at the track and on national television broadcast

NASHVILLE, TN AND SEATTLE, WA / ACCESS Newswire / July 24, 2026 / American Rebel Holdings, Inc. (OTC PINK:AREB), maker of America's Patriotic Beer, accelerates into Pacific Raceways for the Muckleshoot Casino Resort NHRA Northwest Nationals (July 24-26) with a powerful two‑car Tony Stewart Racing showcase. Leah Pruett's American Rebel-branded Top Fuel Dragster leads the weekend as the primary flagship entry, while defending Seattle Funny Car Champion Matt Hagan carries secondary American Rebel branding as he returns to chase back‑to‑back titles.

American Rebel Light Beer Expands Its National Broadcast Footprint

American Rebel Light Beer will be prominently featured across national television coverage on FOX Sports 1 (FS1) and the FOX Broadcasting Network, delivering millions of impressions to motorsports fans and beer consumers nationwide. With two of the NHRA's most recognizable nitro drivers carrying American Rebel branding, the company strengthens its coast‑to‑coast visibility and reinforces its patriotic identity on one of drag racing's biggest stages.

"NHRA drag racing is pure American horsepower, and the fans represent the backbone of this country," said Andy Ross, Chairman and CEO of American Rebel Holdings, Inc.. "These are hardworking, freedom‑loving patriots who value grit, faith, family, and country. Seeing American Rebel Light Beer thunder down the track at over 300 miles per hour on national television isn't just exposure - it's a statement. We're putting America's Patriotic Beer front and center for millions who live the American Rebel lifestyle."

Tony Stewart Racing (TSR): Leah Pruett & Matt Hagan Lead the Brand

American Rebel continues its strong partnership with Tony Stewart Racing, anchoring two championship‑caliber nitro entries under one banner.

Leah Pruett - Top Fuel Dragster (Primary Sponsor - Seattle)Thirteen‑time NHRA national event winner and 2023 Top Fuel runner‑up Leah Pruett leads TSR's Top Fuel program aboard the American Rebel Light Top Fuel Dragster. Leah recorded her first victory of the 2026 season at Bristol and currently sitting third in the championship standings, Pruett embodies the relentless spirit of an American Rebel as she carries the American Rebel fully branded entry into Seattle.

Matt Hagan - Dodge//SRT Hellcat Funny Car (Secondary Sponsor - Seattle)

Four‑time NHRA Funny Car World Champion and 57‑time national event winner Matt Hagan returns to Pacific Raceways as the defending 2025 Seattle Funny Car Champion. American Rebel is proud to be a continuing sponsor on his TSR Dodge//SRT Hellcat, Hagan aims to secure back‑to‑back Northwest Nationals victories.

On‑Track Action & National Broadcast Schedule

On‑Track Competition (Pacific Time) • Friday, July 24 - Nitro Qualifying at 2:00 p.m. & 5:30 p.m. • Saturday, July 25 - Nitro Qualifying at 12:00 p.m. & 2:30 p.m. • Sunday, July 26 - Final Eliminations at 10:00 a.m.

National Broadcast (Eastern Time) • Friday, July 24 (FS1): Qualifying at 10:00 p.m. ET • Sunday, July 26 (FS1): Qualifying at 2:30 p.m. ET • Sunday, July 26 (FOX): Final Eliminations LIVE at 4:00 p.m. ET

Andy Ross on National and Northwest Momentum for American Rebel Holdings

"There's nothing in motorsports like the thunder of 11,000‑horsepower nitro engines and the passion of NHRA fans," said Andy Ross, CEO of American Rebel Holdings Inc. "We're proud to stand as the primary sponsor of Leah Pruett's Top Fuel Dragster and to support Matt Hagan's championship defense. The Pacific Northwest is home to hardworking, freedom‑loving Americans who embody the values our company was built upon."

"With national television coverage, passionate race fans, and two elite racers carrying American Rebel Light Beer, this weekend is a tremendous opportunity to amplify our brand presence nationwide. So grab an ice‑cold American Rebel Light, raise a toast to freedom, family, faith, and the American Dream, and join us for an unforgettable weekend of NHRA racing. Rebel Up!"

American Rebel is Building America's Patriotic Brand Through Motorsports and Music Events

American Rebel's NHRA platform serves as a powerful engine for national brand expansion:

National Broadcast Reach: FOX and FS1 deliver millions of impressions across the U.S.A. throughout the season for American Rebel Light Beer.

Distributor & Retail Growth: High‑visibility partnerships with TSR support shelf expansion and distributor acquisition.

Audience Alignment: NHRA fans strongly reflect American Rebel's core values - patriotism, hard work, freedom, and family.

Driving Consumer Engagement Beyond the Finish Line for American Rebel Light Beer

American Rebel continues leveraging premier motorsports sponsorships as an important component of its broader retail expansion strategy. By aligning with championship-caliber organizations like Tony Stewart Racing and competing across three NHRA professional classes, the Company continues generating meaningful exposure that supports retailer engagement, distributor relationships, consumer trial, and long-term brand recognition. These authentic consumer touchpoints complement American Rebel's expanding distribution footprint and reinforce the Company's strategy of growing America's Patriotic Brand through experiences that connect directly with consumers.

"Motorsports continue to be one of the most authentic ways for us to connect with hardworking Americans who share our values," Andy Ross, Chief Executive Officer, American Rebel Holdings, Inc. "We're proud to have Matt Hagan, Leah Pruett, and John Hall representing American Rebel across three professional NHRA classes while showcasing America's Patriotic Brand before one of the most passionate fan bases in sports. Every race weekend creates new opportunities to introduce consumers to American Rebel Light Beer, strengthen relationships with our retail partners, and continue building a brand that celebrates freedom, faith, family, and the American spirit."

About American Rebel Light Beer
American Rebel Light Beer is a crisp, refreshing, all-natural, better-for-you premium light lager created for consumers who celebrate freedom, country music, motorsports, tailgates, backyard barbecues, patriotic festivals, and the American way of life. The brand is built around its signature statement: American Rebel Light Beer - America's Patriotic, GOD FEARING, CONSTITUTION LOVING, NATIONAL ANTHEM SINGING, STAND YOUR GROUND BEER™. Brewed and co-packed by City Brewing, one of North America's premier contract brewing partners, and facilitated through AlcSource, a leading beverage alcohol facilitator, American Rebel Light Beer brings the Company's patriotic lifestyle brand into the beverage category with a fully scalable supply chain designed to support high-frequency social occasions and community-driven celebrations. The brand is built for the moments when Americans come together: Fourth of July celebrations, concerts, race weekends, sporting events, tailgates, military appreciation events, and patriotic gatherings across the country. As America celebrates its 250th birthday in 2026, American Rebel Light Beer is proud to be the beer patriotic Americans raise in honor of freedom. American Rebel Light Beer. It tastes like Freedom.

www.americanrebelbeer.com

About American Rebel Holdings, Inc.
American Rebel Holdings, Inc. (OTC PINK:AREB) is America's Patriotic Brand. The Company is a Nevada corporation with its principal executive offices in Nashville, Tennessee, and offers safes and security products, branded lifestyle merchandise, and American Rebel Light Beer. American Rebel is a diversified branded products and marketing company focused on freedom, patriotism, self-reliance, and the independent spirit. Through American Rebel Light Beer, Champion Safe, branded merchandise, live events, media appearances, and community-based activations, the Company is working to expand national brand recognition while strengthening the connection between consumer identity, product demand, and long-term shareholder value. American Rebel Beverages executes a premium brand marketer model - partnering with AlcSource as its beverage alcohol facilitator and City Brewing as its contract brewing and co-packing partner - providing the Company with a fully scalable, asset-light supply chain capable of fulfilling large regional and national chain orders as distribution coverage expands nationally. The Company believes its Champion Safe platform supports its broader mission by combining American Rebel's brand platform with American-made safe manufacturing capabilities.

www.AmericanRebel.com | www.championsafe.com | www.americanrebelbeer.com

Forward‑Looking Statements and Additional Disclosures

This press release contains forward‑looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995. Forward‑looking statements relate to expectations, beliefs, projections, future plans, strategies, anticipated events, or trends and are not historical facts. These statements are often identified by words such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "projects," "intends," "potential," "continue," "could," and similar expressions, or the negative of these terms. Forward‑looking statements in this press release include, without limitation, statements regarding:

The Company's brand‑expansion strategy, including national visibility, consumer engagement, and anticipated marketing impact from NHRA events and motorsports partnerships.

The Company's expectations regarding distribution growth, retail placement, and the scalability of American Rebel Light Beer's supply chain.

The Company's beliefs about audience alignment, consumer values, and the ability of motorsports and music events to drive long‑term brand recognition.

Statements relating to the Company's future financial performance, market expansion, product demand, and shareholder value creation.

The Company's expectations regarding national broadcast exposure, impressions generated through FOX and FS1, and the marketing value of participation in NHRA events.

The Company's reliance on third‑party partners, including AlcSource, City Brewing, Tony Stewart Racing, and retail/distribution partners, to execute its beverage strategy and national rollout.

Statements regarding the Company's ability to leverage sponsorships across three NHRA professional classes to support consumer trial, distributor acquisition, and retail engagement.

Statements about the Company's broader mission to build America's Patriotic Brand and the anticipated impact of the United States' 250th anniversary celebrations on consumer demand for American Rebel Light Beer.

Risks, Uncertainties, and Factors That May Cause Actual Results to Differ

Forward‑looking statements are subject to numerous known and unknown risks, uncertainties, and assumptions that could cause actual results to differ materially from those projected. These risks include, but are not limited to:

Marketing and Sponsorship Risks: The effectiveness of motorsports sponsorships, including NHRA events, may vary and may not produce the anticipated national exposure, consumer engagement, or sales lift. Broadcast schedules, viewership levels, and media coverage are subject to change by FOX, FS1, and NHRA.

Distribution and Retail Risks: The Company's ability to expand distribution depends on retailer acceptance, distributor commitments, competitive dynamics in the beverage alcohol industry, and the Company's ability to maintain consistent supply through third‑party brewing and co‑packing partners.

Operational and Supply Chain Risks: The Company relies on AlcSource and City Brewing for production, facilitation, and co‑packing. Any disruption, delay, capacity constraint, regulatory issue, or change in partner performance could impact product availability, quality, or scalability.

Regulatory and Compliance Risks: The beverage alcohol industry is highly regulated. Changes in federal, state, or local laws, licensing requirements, taxation, or enforcement practices could affect the Company's operations, distribution, marketing activities, or costs.

Market Adoption and Consumer Preference Risks: Consumer acceptance of American Rebel Light Beer, including its patriotic brand positioning, may differ from expectations. Shifts in consumer preferences, competitive product launches, pricing pressure, or macroeconomic conditions may impact demand.

Event‑Related Risks: NHRA event schedules, attendance, weather conditions, and operational factors may affect the visibility and promotional impact of the Company's sponsorships. Driver performance, team participation, or unforeseen racing‑related events may also influence exposure.

Economic and Industry Risks: Broader economic conditions-including inflation, supply chain constraints, consumer spending trends, and competitive pressures-may affect the Company's ability to achieve its strategic goals.

Forward‑Looking Assumptions: Statements regarding national brand expansion, distributor acquisition, retail growth, and consumer engagement rely on assumptions that may prove inaccurate or incomplete.

No Obligation to Update

American Rebel Holdings, Inc. undertakes no obligation to update or revise any forward‑looking statements contained in this press release, whether as a result of new information, future events, or otherwise, except as required by law. Readers are cautioned not to place undue reliance on forward‑looking statements, which speak only as of the date of this release.

General Disclosure Regarding Alcohol Products

American Rebel Light Beer is intended for adults 21 years of age and older. The Company encourages responsible consumption and compliance with all applicable laws governing the purchase, possession, and consumption of alcoholic beverages.

Third‑Party Names, Trademarks, and Partnerships

References to Tony Stewart Racing, NHRA, FOX, FS1, Dodge//SRT, City Brewing, AlcSource, and other third‑party organizations are for descriptive purposes only. All trademarks, logos, and brand names are the property of their respective owners. No endorsement or affiliation is implied beyond the sponsorships and partnerships expressly stated.

Investor Relations:
American Rebel Holdings, Inc.
[email protected]
[email protected]

American Rebel Beverages | American Rebel Light Beer Distribution & Account Inquiries:
Todd Porter, President, American Rebel Beverages
[email protected]

American Rebel Light Beer is intended for adults 21 years of age and older. Please enjoy responsibly.

SOURCE: American Rebel Holdings

New York, New York--(Newsfile Corp. - July 24, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Verra Mobility Corporation (NASDAQ: VRRM) between February 24, 2026 and May 26, 2026, inclusive (the "Class Period"), of the important August 4, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Verra 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 Verra class action, go to https://rosenlegal.com/cases/verra-mobility-corporation-2026/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 4, 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 complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Verra's relationship with Avis Budget Group ("Avis"), and in particular obtaining a contract extension with Avis. Further, Verra minimized concerns that major rent-a-cars could replace Verra with in-house solutions or outsourced alternatives. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Verra class action, go to https://rosenlegal.com/cases/verra-mobility-corporation-2026/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.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306442

Source: The Rosen Law Firm PA

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It was not an easy week for the euro. Now, EUR/USD has accumulated a decline of more than 0.4% over the last 2 trading sessions, reflecting significant short-term weakness in the European currency.

For now, selling pressure remains relevant, in a context where the European Central Bank decision failed to generate greater appeal for the euro. In addition, the U.S. dollar continues to show some strength as global risk events drive demand for liquidity and more defensive assets.

If this dynamic continues, selling pressure could continue to shape EUR/USD movements over the next few trading sessions.

Does the ECB fail to support the euro? During the week, the European Central Bank held its interest rate decision. The deposit rate remained unchanged at 2.25%, while the refinancing rate stayed stable at 2.4%.

In its message after the meeting, the central bank maintained a cautious pause. The institution noted that inflationary pressures could remain relevant, but also highlighted that economic dynamics in Europe may not support consistent interest rate increases.

For this reason, the ECB showed a fairly neutral stance toward possible changes in monetary policy. It also emphasized that future decisions will depend on economic data meeting by meeting, without committing to a specific path in the short term.

After the event, the central bank’s neutrality did not generate a relevant increase in the euro’s relative appeal. This is mainly because the ECB did not confirm an outlook for higher rates, while in the United States, the Federal Reserve continues to show signs that it could adopt a more aggressive stance over the coming months.

This difference keeps in place a dynamic that has been relevant for several months in the bond market. Currently, U.S. 10-year Treasury yields remain above 4.6%, while European bond yields barely reach the 3.6% area.

Source: TradingEconomics

The differential between both markets continues to favor dollar-denominated investments. The United States maintains a more attractive bond market, supported by a potentially more aggressive Fed, while Europe faces a more indecisive central bank and a less competitive bond yield.

This dynamic could continue to limit appetite for the euro in the short term. If the rate differential remains in place, EUR/USD could continue to face selling pressure over the next few trading sessions.

Is uncertainty becoming relevant? The week was also marked by important risk events for markets. On one hand, new escalations in the Middle East conflict pushed WTI crude oil above 90 dollars per barrel. On the other hand, new comments from the U.S. government pointed to a global tariff plan of up to 12.5% for several countries.

Both events have revived market concerns about a broader trade conflict and possible additional inflationary pressure. This combination could be affecting risk sentiment and driving flows toward safe-haven assets in the short term.

In this scenario, the behavior of the U.S. dollar is key. In previous months, the currency had already acted as one of the market’s main liquidity safe havens. During this week, that dynamic became evident again in the DXY index, which measures the dollar’s strength against its main peers.

As risks increased across markets, the DXY maintained consistent gains and moved back above the 101-point area, approaching the year’s highs again. This behavior reflects relevant demand for the dollar in an environment of greater uncertainty.

Source: TradingEconomics

The role of the U.S. dollar remains fundamental. If the market once again sees the currency as a liquidity safe haven, and risk events continue to generate uncertainty, demand for the USD could remain strong.

This would make a consistent recovery in the euro more difficult and could continue to generate selling pressure on EUR/USD over the next few trading sessions.

Technical forecast for EUR/USD Source: StoneX, Tradingview

Sideways range begins to emerge: Although the daily EUR/USD chart still maintains a major long-term bearish trend line, a short-term sideways range has also started to form. This range has an upper barrier near 1.14742 and a lower area around 1.13538. If selling pressure fails to stabilize consistently, this sideways structure could remain relevant over the next few trading sessions.
  RSI: Now, the RSI remains below the neutral 50 level, suggesting that selling impulses continue to dominate the average of the last 14 sessions. If this dynamic continues, the indicator could keep highlighting a relevant selling bias in EUR/USD over the next few sessions.
  TRIX: The TRIX also remains below the neutral 0 line, indicating that bearish strength in the exponential moving averages remains relevant. This reading reinforces the possibility that the selling bias could continue to be important in the short term.
  Key levels:

1.14742 – Relevant resistance: This recent weekly high coincides with the area of the 50-period simple moving average. Price movements above this level could start to put the bearish structure and current sideways range at risk, opening room for a more relevant buying bias over the coming weeks.
  1.14125 – Near-term barrier: This level corresponds to an important retracement area on the daily chart. If price fails to move consistently away from this reference, it could continue to highlight a phase of indecision and give more relevance to the current sideways channel over the next few sessions.
  1.13538 – Definitive support: This level corresponds to the 2026 low zone and represents the most important bearish barrier in the short term. Moves below this area would mark new relevant lows for the year and could reinforce a dominant selling bias, potentially extending the long bearish trend line over the coming weeks.
  Written by Julian Pineda, CFA, CMT – Market Analyst

Follow him on: @julianpineda25

New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 24, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in Primoris Services Corporation ("Primoris" or the "Company") (NYSE: PRIM) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of Primoris Services who were adversely affected if they purchased the Company's shares between August 5, 2025 and June 22, 2026, both dates inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of Texas.

Cannot view this video? Visit:
https://www.youtube.com/watch?v=JFqktFKaX3o

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

https://www.ksfcounsel.com/cases/nyse-prim/

Primoris investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-833-538-3653 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-prim/ to learn more.

CLICK HERE for more information

CASE DETAILS: According to the Complaint, Primoris and certain of its executives are charged with failing to disclose material information during the class period, violating federal securities laws.

On June 22, 2026, following a series of prior negative disclosures, the Company disclosed

that, following an internal review supported by an independent third-party industry expert, it had identified substantial challenges, cost overruns, and project delays affecting six renewable energy projects, and reduced its full-year 2026 Adjusted EPS guidance to $2.05-$2.60, lowered its Adjusted EBITDA guidance to $275 million-$325 million, projected that 2026 Renewables revenue would decline to approximately $2.1 billion, and announced the resignation of its Chief Operating Officer.

On this news, the price of Primoris shares fell 22%, closing at $84.95 per share on June 23, 2026.

The case is Boston Retirement System v. Primoris Services Corp., No. 26-cv-02416.

WHAT TO DO? If you invested in Primoris and suffered a loss during the relevant time frame, you have until September 21, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.

To Learn More, Click HERE

About Kahn Swick & Foti, LLC

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

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

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

Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-833-538-3653
1100 Poydras St., Suite 960
New Orleans, LA 70163

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306548

Source: Kahn Swick & Foti, LLC

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Key Highlights Table of Contents

Key HighlightsTesla’s Core Metrics Show WeaknessFigma Divestment and Broader Portfolio TrimmingCircle Internet Expansion and Minor AcquisitionsGet 3 Free Stock Ebooks ARK Invest acquired 160,151 shares of Tesla distributed among four ETFs, totaling approximately $59.9 million following Tesla’s nearly 15% stock decline Tesla’s second-quarter operating profit reached approximately $400 million, falling short of Wall Street projections by $1.3 billion ARK divested 976,368 Figma shares through two ETFs, generating roughly $21 million ARK acquired 130,136 shares in Circle Internet Group valued at approximately $8.6 million Additional portfolio reductions included Robinhood, Deere, Twist Bioscience, and 10X Genomics On Thursday, July 23, Cathie Wood’s ARK Invest executed a substantial acquisition of Tesla shares amid a steep price decline triggered by disappointing earnings results. Simultaneously, the investment firm liquidated a significant portion of its Figma holdings and expanded its Circle Internet position.

Tesla, Inc., TSLA

The electric vehicle manufacturer posted second-quarter operating profit figures hovering around $400 million. This result came in approximately $1.3 billion short of analyst expectations. Tesla’s stock tumbled nearly 15% during Thursday’s trading session. ARK capitalized on the price drop.

The investment firm accumulated 160,151 shares of Tesla distributed across four separate funds: ARK Innovation ETF, ARK Space & Defense Innovation ETF, ARK Next Generation Internet ETF, and ARK Autonomous Technology & Robotics ETF. The combined transaction reached an estimated value of $59.9 million.

Tesla represents the top holding within ARK Innovation ETF, comprising nearly 10% of total fund assets. ARK has maintained unwavering support for Tesla despite the stock’s underwhelming performance throughout the current year.

Heading into Friday’s session, Tesla showed a 29% decline year to date and a 3% decrease over the trailing twelve months. The stock experienced an additional 0.6% pullback during early Friday activity, trading near $317.86.

Tesla’s Core Metrics Show Weakness Tesla’s second-quarter deliveries reached approximately 480,000 vehicles, representing a 25% year-over-year increase. Despite this volume expansion, reduced pricing power and elevated operating costs undermined profitability metrics.

The company currently trades at more than 150 times forward earnings estimates. By comparison, other Magnificent Seven stocks maintain an average valuation around 24 times forward earnings. This substantial valuation premium has generated investor concern.

Tesla introduced a robotaxi service in Austin, Texas during June 2025. While the program has extended to several additional cities, adoption rates have remained modest.

Figma Divestment and Broader Portfolio Trimming Among ARK’s selling activity, the firm liquidated 976,368 Figma shares through its ARKK and ARKW ETFs, generating approximately $20.96 million. This transaction extends ARK’s recent trend of scaling back Figma exposure.

Additional divestments included 45,713 shares of Twist Bioscience and 152,597 shares of 10X Genomics. Both transactions occurred within the ARKK ETF and signal a retreat from biotechnology holdings.

Robinhood experienced another reduction as ARK sold 40,553 shares via its ARKW fund. The sustained selling pattern across multiple sessions indicates a strategic withdrawal from the digital brokerage platform.

The firm reduced its Deere position by 15,177 shares spread across three ETFs, valued at approximately $9.2 million.

Circle Internet Expansion and Minor Acquisitions ARK purchased 130,136 shares of Circle Internet Group distributed among ARKK, ARKW, and ARKF ETFs, totaling roughly $8.6 million. Circle Internet specializes in digital finance and blockchain infrastructure, sectors where ARK has been building larger positions.

Additional minor acquisitions included 31,016 shares of Compass Pathways valued at $370,020 and 48,377 shares of Securitize Corp worth $371,051.

These transactions reflect ARK’s ongoing portfolio realignment—reducing biotechnology and brokerage exposure while reinforcing its Tesla conviction and expanding into cryptocurrency-related companies like Circle Internet.

In brief Real-world assets (RWAs)—tokenized versions of traditional financial instruments like company stocks, crude oil, and market indices traded as blockchain contracts—accounted for 54% of Hyperliquid's weekly trading volume during July 13–19, the first time non-crypto assets have dominated the exchange. ARK Invest's director of digital assets research Lorenzo Valente said Hyperliquid's $26 billion in RWA trading last week surpassed the combined crypto perpetual volume of every other decentralized exchange on earth. South Korean chipmaker SK Hynix—a direct rival to Samsung in AI memory production—drove most of the interest on Hyperliquid's third-party market platform. For the first time, traders on Hyperliquid moved more money through stocks and commodities than through crypto. Lorenzo Valente, director of digital assets research at ARK Invest, announced the milestone Thursday on X: "We are entering a new era for DeFi." Hyperliquid, he said, had for the first time generated more trading volume from so-called real-world assets, or RWAs, than from crypto in a single week.

RWAs—meaning tokenized versions of traditional financial instruments like company shares, crude oil, or the S&P 500, converted into blockchain-based contracts that traders can buy and sell around the clock—totaled $25.1 billion during July 13–19, or 52% of Hyperliquid's $48.2 billion in weekly volume, per Blockworks data. Valente put the latest running figure at $26 billion and 54%.

The context makes that number land harder. Total perpetual DEX volume across the industry last week was $79 billion. Hyperliquid processed $50 billion of it. The $26 billion in RWA trading alone—just the stock bets, the oil contracts, the index plays—was larger than the combined crypto perpetual volume of every other decentralized exchange on the market.

How stocks ended up on a crypto exchangeThe mechanism behind this is HIP-3, a framework Hyperliquid launched in October 2025 that lets outside teams build their own perpetual markets—contracts that track an asset's price with no expiry date, letting traders bet on it going up or down with borrowed money—using Hyperliquid's existing infrastructure. Builders stake 500,000 HYPE tokens, currently worth roughly $30 million, to access the system.

We are entering a new era for DeFi.

For the first time ever, @HyperliquidX generated more volume from RWAs than crypto in a single week. RWAs accounted for 54% of total trading volume.

An even more interesting trend: since June, single stocks have overtaken indices and… pic.twitter.com/INbfCwc5pJ

— Lorenzo Valente (@LorenzoARK) July 23, 2026

Since June, individual stocks have overtaken indices and commodities inside HIP-3, with single-stock perpetuals now making up 61% of all RWA trading. The HIP-3 platform has already hosted pre-IPO markets for SpaceX, Anthropic, and OpenAI. "RWAs accounted for 54% of total trading volume," Valente noted.

The most-traded stock is SK Hynix, the South Korean memory chipmaker that competes with Samsung in supplying DRAM and high-bandwidth memory for AI systems.

ARK's interest in Hyperliquid goes back further. In September 2025, CEO Cathie Wood told the Master Investor podcast that the platform "reminds me of Solana in the earlier days," adding that Solana had proven its worth and earned its place with the biggest names in crypto. She called Hyperliquid "the new kid on the block," and ARK has not confirmed any position since.

Now one of ARK's own analysts is raising a harder question for the whole industry. "I'm no longer convinced RWA trading will naturally aggregate on the same venue as crypto," Valente wrote, predicting that dedicated category leaders may emerge within RWA—and that a platform's grip on Bitcoin and Ethereum flow may prove "far less important than many people assume."

Traders still focused only on crypto tokens, he added, "are focusing on the wrong market."

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A $12,000 monthly dividend paycheck means $144,000 a year in gross portfolio income. That is roughly double the $68,391 per capita disposable income the BEA reported for Q1 2026, and it sits well above what most households spend. The number you keep depends on two variables: the yield tier you build around and the tax character of those securities.

The Capital Required at Each Yield Tier The equation is simple: $144,000 divided by yield equals capital required. The tradeoffs are not.

Conservative tier (3% to 4% yield). At 3.5%, hitting $144,000 requires roughly $4.11 million invested. This is the dividend-growth zone: regulated utilities, broad dividend ETFs, and large-cap payers with rising distributions. Alliant Energy (NASDAQ:LNT | LNT Price Prediction) is a fair example. Its $0.535 quarterly dividend equates to a 2.8% yield, and the payout has climbed from $0.4025 in 2021 to $0.535 in 2026. East West Bancorp (NASDAQ:EWBC) sits in a similar bucket after its 33% dividend hike to $0.80 quarterly in early 2026. Distributions from both are qualified dividends.

Moderate tier (5% to 7% yield). At 6%, capital required drops to $2.4 million. This range covers midstream MLPs, preferred shares, and higher-payout equity funds. Plains All American (NASDAQ:PAA) illustrates the MLP end: an annualized $1.595 distribution at a 6.6% yield, with distributions rising from $1.07 in 2023 to $1.67 annualized in 2026. Bank OZK preferred (NASDAQ:OZKAP) shows the preferred-share profile: a fixed $0.28906 quarterly payment unchanged since 2023.

Aggressive tier (8% to 14% yield). At 12%, $1.2 million throws off $144,000. This is where mortgage REITs, BDCs, and leveraged option-income funds live. AGNC Investment (NASDAQ:AGNC) pays a $0.12 monthly dividend, an annualized 13.4% yield. That payout was cut from $0.16 in 2020, and prior rates ran higher. The high current yield does the heavy lifting on capital required. Principal stability does not come with it.

What Actually Lands in Your Bank Account Under 2026 rules for married filing jointly, the 22% bracket starts at $100,800 and the 24% bracket at $211,400, with a $32,200 standard deduction. That places $144,000 of ordinary dividend income in the 22% federal marginal bracket.

The character of the dividend dictates the actual bite:

Qualified dividends (LNT, EWBC common): taxed at the 15% long-term capital gains rate. Federal tax on $144,000 of purely qualified dividends runs roughly $17,000 after the standard deduction, leaving about $127,000. REIT dividends (AGNC): taxed as ordinary income. Effective federal tax lands closer to $18,000 to $22,000 depending on other income, so net roughly $122,000 to $126,000. MLP distributions (PAA): largely return of capital, tax-deferred at the federal level, with K-1 reporting and depreciation recapture on sale. Preferred stock (OZKAP): often non-qualified, taxed as ordinary income. State tax is the swing factor. A qualified-dividend portfolio in Florida or Texas keeps close to $127,000. That same portfolio in California, with a top state rate above 13%, delivers closer to $105,000. An ordinary-income mREIT portfolio in a high-tax state can slip under $95,000 net on the same $144,000 gross.

The Compounding Trap Most Income Hunters Fall Into The 12% mREIT solves the capital problem and creates a different one. AGNC’s $0.12 monthly rate has held flat since April 2020, and the prior rate was higher. Flat or declining distributions on eroding principal is spending down the asset dressed up as income.

Compare that to EWBC lifting its payout from $0.275 quarterly in 2020 to $0.80 in 2026. A 3% starting yield growing at that pace pushes past a static 12% yield on total income within roughly nine to ten years, and the underlying shares typically appreciate rather than bleed. With Core PCE at 130.08 and still climbing, an income stream that does not grow loses ground in real terms every year.

Three Moves Worth Making This Week Pull your last two years of actual spending as the baseline, rather than relying on your gross salary. Many households targeting a $144,000 replacement need closer to $110,000 once payroll taxes, 401(k) contributions, and mortgage principal drop out. Sort your existing dividend holdings by tax character. Qualified, REIT, MLP, and preferred each land differently on your 1040. Given the 10-year Treasury near 4.6% and the 3.75% fed funds upper bound, tax-inefficient positions in a taxable account carry a real opportunity cost against Treasuries. Model a blended portfolio: roughly 60% conservative dividend growth, 30% moderate hybrid, 10% aggressive. That mix typically clears a 5% blended yield, needs about $2.9 million, and keeps enough growth to defend purchasing power over a 20-year retirement. Contact [email protected] for any questions or corrections.

Nu Holdings: High-Quality Business With Strong Growth And Low Valuation

BitMEX faces a proposed class action lawsuit alleging its co-founders ran a secret trading desk that used customer data to engineer liquidations, filed the same day the exchange announced it would shut down in September.

What Are The Plaintiffs Actually Alleging?The first allegation centers on a hidden trading desk that ran from BitMEX’s Manhattan office throughout 2018 under former business development head Gregory Dwyer. 

The desk used software to pinpoint which price moves would force the most customer liquidations, then traded to push prices to those exact levels. 

Plaintiffs say the desk saw everything — customer account data, hidden orders, and liquidation points, despite BitMEX telling users that information stayed private.

The second allegation centers on March 13, 2020, when users lost access to the platform for about 25 minutes as BitMEX force-closed roughly $800 million in leveraged positions.

BitMEX first pointed to a cloud hardware failure, then switched its explanation to two DDoS attacks four days later. Plaintiffs claim BitMEX gave false explanations, deliberately froze the platform, and never compensated any affected users.

What Did BitMEX Say In Response?Benzinga reached out to BitMEX for comment and received a response from CEO Peter Wilkinson.

“This is yet another spurious and opportunistic claim that has no basis whatsoever,” Wilkinson said. 

“We have had many such claims against us in our history and successfully dealt with each and every one, and look forward to vigorously defending ourselves again this time,” he added.

Plaintiffs filed a substantially similar lawsuit in the same court in April 2020 before voluntarily dismissing it on June 30, 2025.

How Much Did Each Plaintiff Lose?BKX Services claims losses of at least 305.8 BTC across 13 liquidations between July and August 2018. 

Namdar claims roughly 316.9 BTC lost across 14 named liquidations plus at least 69 smaller ones, spanning August 2019 to May 2020.

Both plaintiffs are seeking return of the actual Bitcoin rather than cash damages, a legal claim known as replevin. 

The proposed class covers anyone who bought Bitcoin swap products on BitMEX in domestic U.S. transactions from July 23, 2018 onward, with aggregate claims estimated above $5 million.

The suit names co-founders Arthur Hayes, Samuel Reed, Benjamin Delo, and Gregory Dwyer as defendants alongside parent company HDR Global Trading and four affiliated entities.

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A proposed class action landed in New York federal court the same day BitMEX announced it will close on Sept. 23, reviving allegations the exchange pocketed customer collateral.good job I as

BitMEX and its co-founders, including Arthur Hayes, were sued in a proposed class action accusing the exchange of keeping customer collateral seized in liquidations and running an internal trading desk with access to confidential position data. The complaint was filed July 23 in the Southern District of New York — the same day BitMEX said it will shut down after 11 years.

Plaintiffs BKX Services Inc. and David Namdar claim BitMEX auto-liquidated their leveraged positions while their remaining collateral was worth roughly twice their losses, then routed the excess into the exchange's insurance fund instead of returning it. Together they seek the return of 622.66 BTC — about $40 million at current prices, per CoinGecko — plus compensatory and punitive damages.

"BitMEX deliberately developed a system that profited from the liquidations (by seizing its customers' bitcoin), while its customers were unable to escape the unfavorable positions BitMEX created," the complaint says.

Insider With “God Access”The filing alleges an internal "Insider Trading Desk," run largely by former business development head Gregory Dwyer out of Manhattan, had "God access" to customer positions and liquidation points, used software to find the price moves that would liquidate the most customers, and kept trading during server freezes that locked everyone else out.

The complaint brings two counts — replevin, seeking the bitcoin back in kind, and fraud — and details each liquidation: 13 hits on BKX Services between July 4 and Aug. 20, 2018, and 14 larger ones on Namdar between August 2019 and May 2020, including a 128.58 BTC liquidation in October 2019.

The suit names HDR Global Trading, 100x Holdings, and related entities, along with co-founders Hayes, Benjamin Delo, and Samuel Reed, and Dwyer. The proposed class covers US customers of BitMEX's BTC swap products going back to July 23, 2018.

BitMEX did not reply to a request for comment from The Defiant by oress time.

A Recycled ComplaintThe filing revives a 2020 class action that made similar claims about BitMEX's liquidation engine and insurance fund under the Commodity Exchange Act. That case was voluntarily dismissed without prejudice in June 2025, with no ruling on the allegations; the new complaint attaches the old one as its first exhibit, along with Hayes's 2020 indictment and plea allocution.

Hayes, Delo, and Reed pleaded guilty in 2022 to Bank Secrecy Act violations after BitMEX entities paid a $100 million civil penalty to the CFTC and FinCEN. President Donald Trump pardoned all three, plus Dwyer, in March 2025. Hayes is now CIO of his family office, Maelstrom.

An 11-Year Run EndsHours before the suit was filed, BitMEX announced it will close on Sept. 23 at 04:00 UTC, following what owner-operator HDR Global Trading called "a strategic review of the business and the broader crypto industry." New registrations stopped immediately, position limits kick in Aug. 26, and remaining positions will be force-closed before the deadline. The exchange said users can withdraw after closure and that "all assets exceed liabilities" per its proof-of-reserves page.

The exchange that invented the 100x perpetual swap had faded to under 0.01% market share, with daily volumes around $400,000, according to Kaiko data cited by Reuters. Its BMEX token dropped roughly 90% on the closure news. BitMEX removed its CEO and CFO in late June amid reports it was seeking a buyer.

Hayes marked the end with a post on X: "Satoshi for life."

BitMEX Hit With 623 BTC Lawsuit After Announcing Shutdown

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SummaryReddit remains a buy, supported by rapid revenue growth and strong fundamentals despite a rich valuation and recent price volatility.RDDT's AI data licensing, notably the $60M/year Alphabet deal, is important but not existential; future exclusivity deals or renegotiations could shift the landscape.Gross margin stands at 91.37% and net income margin at 28.60%, with revenue growth of 70.64% largely driven by advertising rather than AI licensing.Upcoming earnings may outperform expectations, but RDDT's reliance on advertising and potential AI-driven shifts in web traffic are key risks to monitor. stockcam/iStock Unreleased via Getty Images

Some months back, I mentioned that Reddit (RDDT) could thrive in an AI-driven world by providing vast quantities of data for AI training models to learn on. I still like the AI angle

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