P&G pro fiskální rok 2026 čeká organický růst tržeb o 1 % až 3 % a core EPS 6,89 až 7,11 USD, tedy pod konsensem trhu. Management zároveň varuje před zhruba 1 miliardou USD nákladových tlaků.
Procter & Gamble (PG +0.37%) shares trade near $144 as of this writing, only about 5% above their 52-week low of $137.62. At that price, the consumer staples giant behind Tide detergent and Pampers diapers yields a little over 3%.
A beaten-down blue chip with a yield like that would usually have me interested. But the guidance P&G issued alongside its fiscal 2026 fourth-quarter report last week explains why I'm not buying yet.
Image source: Procter & Gamble.
A $1 billion cost problem For fiscal 2027 (the 12 months ending next June), management expects organic sales growth of 1% to 3% and core earnings per share of $6.89 to $7.11. The midpoint of that range, $7.00, implies growth of less than 2%.
Even the high end implies just 3%.
And the guide came in slightly below what analysts were expecting. That small gap isn't what bothers me, though. What bothers me is the reason for the soft outlook, which management quantified in unusual detail.
P&G expects about $1 billion in after-tax headwinds from higher raw-material, energy, and transportation costs in fiscal 2027. Higher net interest expense adds another $150 million, lower non-operating income another $150 million, and unfavorable currency about $50 million. Altogether, management says, that's a $0.56-per-share drag -- about 8 percentage points of core earnings-per-share growth wiped out before the year begins.
Of course, a drag that size also says something positive about the business underneath. Strip out those headwinds, and P&G would be growing core earnings per share at about 10%.
But investors don't get to strip them out. Those are real costs, and management expects to absorb them all year.
The recent results show the strain already. In the fiscal fourth quarter (the period ended June 30), net sales rose 2% year over year to $21.2 billion, but organic sales, which exclude the effects of currency and acquisitions, were flat. Core earnings per share of $1.43 declined 3% year over year. The full fiscal year showed the same pattern in slower motion. Net sales rose 3% to $87.0 billion, while organic sales grew just 1% -- and all of that growth came from pricing, with volume and mix unchanged.
The cadence worked the wrong way, too, decelerating from 1% organic growth for the year to flat in the fiscal fourth quarter.
That last detail matters most to me. A consumer products company that grows only by raising prices, while unit volumes sit flat, is arguably testing the limits of its pricing power.
CEO Shailesh Jejurikar called fiscal 2026 "a year of foundation building" in the earnings release. The fiscal 2027 outlook suggests the payoff from that foundation is still a year or more away.
What would get me to buy To be fair, P&G pays investors well to wait. The company returned $10.2 billion in dividends and $5.0 billion in share repurchases during fiscal 2026, and it plans roughly the same combination (about $10 billion of dividends and $5 billion of buybacks) for fiscal 2027. The payout looks thoroughly affordable against the company's earnings.
The valuation, however, is only average. Shares trade at about 21 times P&G's fiscal 2026 core earnings of $6.89 per share, and about 20.5 times the midpoint of the new guidance.
That's not an expensive multiple. But it's not a bargain for a business guiding to low-single-digit growth, either. Plenty of companies growing earnings faster can be had in the same valuation neighborhood.
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So here's what would change my mind. First, evidence that volumes are growing again: A quarter where organic sales growth comes from consumers buying more products, not just paying more for them, would tell me the foundation building is working.
Second, a better price. At about $130 per share, the stock would yield close to 3.4% at the current payout, enough compensation, in my view, to wait out the cost cycle comfortably.
The wait could end up being short. Commodity costs could ease faster than management expects, and pricing pressure on consumers can fade as quickly as it arrived. P&G could simply out-earn its own cautious guide.
Ultimately, though, neither of my conditions is met today. The dividend looks safe, the business is durable, and P&G may well emerge from this stretch leaner. I'm comfortable being patient here, waiting for one of those two signals.
Hyperliquid rozšířil TWAP objednávky o trigger price, dynamické intervaly a dobu až sedm dní. Minimální velikost objednávky klesla na 100 USD notional, přičemž jednotlivé subobjednávky vyžadují jen 10 USD notional.
Hyperliquid just made it significantly harder for centralized exchanges to claim they offer superior order tooling. The Layer 1 blockchain built for decentralized trading rolled out a sweeping upgrade to its Time-Weighted Average Price (TWAP) order system, adding trigger prices, min/max price boundaries, durations up to seven days, and dynamic suborder intervals.
What changed, and why traders should care Previously, Hyperliquid’s TWAP implementation was functional but rigid. Traders were stuck with fixed 30-second suborder intervals, a maximum slippage cap of 3% per suborder, and relatively high minimum order sizes.
Trigger prices now allow TWAP orders to activate only when the mark price reaches a specified level. You can set a TWAP to start executing only if Bitcoin hits $65K, rather than having it fire immediately upon submission.
Max and min price boundaries add another layer of protection. If you’re running a buy order and the price spikes above your maximum threshold, the order terminates automatically. Same logic applies in reverse for sells.
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Duration has been extended to seven days. This went into effect on August 1, 2026, at 09:00 UTC.
Dynamic suborder intervals allow the system to calculate intervals based on the total order size and duration. The minimum interval remains 30 seconds for new orders, but the spacing can stretch longer depending on how the order is configured.
Minimum order size dropped to $100 notional, with individual suborders requiring just $10 notional.
The institutional angle Hyperliquid now supports over 300 perpetual and spot markets with sub-second finality, alongside advanced order types including both TWAP and Chase orders. The fully onchain nature of these orders means the execution logic lives on the blockchain itself, replacing trust with transparency rather than relying on a centralized exchange’s matching engine.
What this means for the competitive landscape The trigger price feature is a good example of Hyperliquid moving beyond standard CEX functionality. Many centralized exchanges offer basic TWAP functionality, but conditional activation based on mark price is less common. Pairing that with onchain transparency and self-custody creates a value proposition that’s genuinely difficult for centralized platforms to replicate.
The $100 minimum order size lowers the barrier to entry for TWAP orders beyond institutional participants. A retail trader running a seven-day TWAP on a $500 position, multiplied across thousands of users, produces a meaningful liquidity impact.
The risk, as always with onchain systems, is smart contract vulnerability. More complex order logic means more potential attack surface. That said, Hyperliquid’s track record of operating at scale with sub-second finality across hundreds of markets provides some reassurance that the infrastructure is battle-tested.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Smarter Web Company has acquired an additional 11.89 Bitcoin, pushing its corporate treasury to 2,712 BTC. This August 3 transaction marks the resumption of strategic accumulation following a temporary reduction in holdings to resolve financing obligations. The purchase aligns with the organization’s multi-year Bitcoin acquisition framework outlined in its 10 Year Plan.
Recent Acquisition Pushes Holdings Beyond Previous Month’s Level According to the company, the purchase price averaged £47,052 per Bitcoin, equivalent to approximately $63,328. This transaction elevated the treasury from precisely 2,700 BTC to its current 2,712 BTC level. BitcoinTreasuries.NET currently positions the organization as the 28th largest corporate Bitcoin holder globally.
This acquisition comes after the firm completed early settlement of its $11.7 million Smarter Convert financing arrangement in July. To fulfill that commitment, management liquidated 177.8909127 BTC at an average price of $65,762 per coin. The transaction eliminated debt obligations ahead of the scheduled maturity date while temporarily decreasing Bitcoin reserves.
Retiring the convertible instrument also eliminated 7,718,551 contingent ordinary shares from the fully diluted share calculation. Investment firm TOBAM along with associated parties facilitated the early settlement arrangement. Nevertheless, company leadership maintained its broader Bitcoin accumulation strategy unchanged despite settling the financing vehicle.
Average Acquisition Cost Exceeds Current Market Valuation Management reports the firm’s net average purchase price at £82,886 per Bitcoin, translating to roughly $111,548 per coin. Bitcoin was trading around $63,000 at the time of this most recent purchase. Therefore, the treasury maintains a substantial unrealized loss based on current market valuations versus historical acquisition costs.
Total gross Bitcoin investments have accumulated to £233.5 million, while net investments stand at £224.8 million following historical disposals. This variance accounts for previous sales, including the July liquidation for convertible settlement. The recent purchase demonstrates management’s commitment to rebuilding reserves after that strategic reduction.
During the second quarter of 2026, the organization recorded a negative 4.80% Bitcoin yield metric. This calculation measures Bitcoin holdings relative to the company’s fully diluted share base. The negative reading indicated declining per-share Bitcoin exposure throughout the quarter.
Credit Facilities Enable Ongoing Digital Asset Accumulation Current borrowing from a Coinbase credit line totals £18.5 million at a floating 6% annual interest rate. This leverage equates to roughly 17% of the firm’s Bitcoin position value. Market price fluctuations and borrowing expenses substantially impact overall treasury performance metrics.
August 3 also saw the company generate £1.016 million through combined share placements and warrant conversions. During this capital raising activity, warrant holders converted 2.875 million instruments into ordinary shares. These transactions brought the total outstanding share count to 374.84 million.
Smarter Web Company initiated systematic Bitcoin acquisitions in 2025 as part of its treasury diversification strategy. Holdings reached 2,470 BTC by September following a 30 BTC purchase and expanded custody arrangements with Coinbase Institutional. An October transaction adding 100 BTC subsequently increased reserves to 2,650 BTC under the same strategic framework.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Coldcard čelí čtvrté koordinované vlně útoků, při níž bylo z 462 adres odčerpáno přibližně 388,9 BTC ve 14 blocích. Některé prostředky už byly přesunuty na jiné adresy.
Coldcard users are facing a fourth wave of organized theft, and the numbers are no longer rounding errors. Alex Thorn, Head of Research at Galaxy Research, flagged a fresh burst of malicious activity that siphoned approximately 388.9 BTC from 462 victim addresses in just 14 blocks—between 960,778 and 960,792. The attack generated 218 transactions funneling bitcoin into 216 previously unseen destinations. Transaction volume spiked to roughly 45 times the pre-incident baseline, leaving little doubt that this was a deliberate, structured operation.
The warning came via the original report, which also notes that some of the stolen funds have already been traced to second-hop addresses. Similar transactions remain pending in the mempool, indicating the sweep isn’t fully processed. Confirmed on-chain activity shows a signaled opt-in for Replace-by-Fee (RBF), a detail that could offer a narrow escape path for victims who act fast.
The Latest Attack Wave What separates this wave from opportunistic theft is the speed and coordination. The 462 addresses were hit in a tight block window, with the outflow moving to destinations that hadn’t been used before. That pattern—fresh addresses, high-velocity consolidation, and volume far above normal—suggests pre-planned scripts rather than a manual actor. The theft occurred on a weekend, when many users may not have been monitoring transactions. Galaxy Research noted that some funds were already swept to second-hop wallets, complicating track-and-trace efforts and making recovery unlikely without immediate intervention.
The RBF flag offers a lifeline, but only for those who notice the attack while their transactions are still replaceable. Users with pending, unconfirmed outgoing transactions that haven’t been broadcast with a low fee could potentially accelerate a competing transaction to a safe address. It’s a slim window, and it requires technical awareness. For most victims, the funds are already gone.
Pattern of Organized Theft This isn’t the first ride for Coldcard owners. According to Galaxy Research, earlier waves identified three separate attack campaigns targeting Coldcard-generated addresses. Cumulatively, those waves drained 1,367.05 BTC from 4,585 addresses—worth roughly $88.6 million at the time of the thefts. The earlier incidents pushed Coldcard to acknowledge a firmware vulnerability that allowed attackers to derive private keys from seeds created on affected devices.
The hardware manufacturer halted shipments and destroyed all remaining COLDCARD devices with the vulnerable firmware. Satscard, Opendime, and Tapsigner products were unaffected. Coldcard released a patched firmware that protects newly generated seeds, but the fix is not retroactive. Any seed created on the vulnerable firmware remains compromised. The firm’s guidance is blunt: create a new seed on patched firmware and move all funds off old seeds immediately. The fourth wave shows that many users have not yet done so, and attackers are exploiting that inertia systematically.
Coldcard’s Response and User Guidance Coldcard’s decision to halt shipments and destroy inventory was a drastic but necessary step that other hardware vendors rarely take publicly. It signaled that the vulnerability was not a theoretical edge case. Yet the patch rollout exposes the friction inherent in self-custody. Users must generate a new seed phrase, a process that forces a complete change of wallet addresses and often requires updating connected software wallets, multisig setups, and backup procedures. That migration is not trivial, and the ongoing attack waves are punishing anyone who delayed.
For those still holding funds on a seed that originated on the vulnerable firmware, the advice from Galaxy Research is urgent: move funds off Coldcard devices now, use higher-than-usual fees to push transactions through, and exploit RBF if your wallet supports it. The address drain in the fourth wave indicates that attackers are actively monitoring the network for remaining balances.
Broader Implications for Self-Custody The Coldcard episode is more than a hardware bug—it exposes the supply-chain and lifecycle risks baked into self-custody. Users trust firmware that ships from a manufacturer, and even open-source verification processes can be skipped. When a seed generation flaw goes unnoticed for months, the subsequent cleanup is messy and slow. The fact that four distinct attack waves could occur, each months apart, suggests that the attacker is patient and has a reliable method for matching seeds to addresses, likely from a dumped extract of the weak randomness period.
What’s still unclear is whether the attacker holds all of the compromised seed list or only a subset, and whether additional vulnerabilities exist in earlier firmware versions that Coldcard hasn’t disclosed. The sustained nature of the attacks indicates that the list may be large, and the 462 addresses in this wave may be only the latest batch. If the attacker continues sweeping systematically, total losses could climb further. For the broader hardware wallet market, the fallout is a reminder that firmware audits and transparent vulnerability reporting are not optional—they are the core of the product’s security promise.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
BioNTech plant building in Marburg, Germany, May 6, 2026. REUTERS/Fabian Bimmer Purchase Licensing Rights, opens new tab
CompaniesAug 3 (Reuters) - German biotech firm BioNTech (22UAy.DE), opens new tab said on Monday that Sobi's (SOBIV.ST), opens new tab CEO Guido Oelkers will succeed Ugur Sahin as its chief executive.
Oelkers will take on the role from February 1, 2027 at latest, the company said, after serving as CEO at the Stockholm-listed biopharmaceutical company since 2017.
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BioNTech announced in March its two co-founders and leading executives, Sahin and Chief Medical Officer Oezlem Tuereci, would leave the COVID-19 vaccine maker by the end of the year to start a new venture.
Reporting by Linda Pasquini, Editing by Ludwig Burger
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Ripple oznámil dvě strategické investice do Zilo a Lucuido, aby přesunul regulovanou emisi fondů, vypořádání a pohyb kolaterálu na XRP Ledger.
Firma nezveřejnila výši investic.
The company has made two new strategic investments, aiming to bring regulated fund issuance, settlement, and collateral mobility onto the XRP Ledger.
Ripple has expanded its digital capital markets strategy. The company announced today investments in Zilo and Lucuido – two firms that are focused on developing infrastructure for tokenized funds and institutional asset trading.
The move builds on existing partnerships with both firms. Ripple did not disclose the size of either investment.
Speaking on the matter was Nigel Khakoo, SVP, Trading and Markets at Ripple, who said:
“… ZILO and Licuido provide core capabilities that are essential to further scaling this shift: regulated digital transfer agency infrastructure and liquidity for issuance and collateral mobility. This is just the beginning of the journey, and we see a substantial opportunity to bring huge efficiencies to the investment sector over the next decade.”
ZILO provides transfer agency and fund administration technology. Its systems give asset managers and custodians regulated digital records for tokenized share classes. Licuido, on the other hand, operates an FCA-regulated platform that supports the issuance, distribution, trading, and use of traditional assets as digital collateral.
Ripple plans to integrate these capabilities with its infrastructure on the XRP Ledger. The company wants institutions to issue tokenized assets, hold them in custody, move them between investors, and use them as collateral without relying on legacy systems.
Naturally, RLUSD will serve as the regulated cash component for delivery-versus-payment transactions. This structure is designed to allow the asset and payment sides of a trade to settle together on XRPL.
The investments also support Ripple’s recent push to build a broader institutional platform around tokenization, payments, stablecoins, and trading. Last month, the firm launched Ripple Mint and made an investment in compliance provider Notabene. This strengthens the infrastructure that’s available to institutions using RLUSD.
You may also like: July’s Biggest Ripple (XRP) Stories: RLUSD Expansion, AI, and Institutional Adoption Ripple (XRP) News and Price Update: July 27 Do People Interested in XRP Actually Care About Ripple? It’s also noteworthy that the company has worked with Aviva Investors, Franklin Templeton, and DBS on tokenized fund and collateral projects. Ripple said that ZILO and Licuido will help turn those individual partnerships into infrastructure that asset managers can use at scale.
Coinbase v první polovině roku 2026 zvýšila držbu na 17 311 BTC o 12,5 %, zatímco držbu Etherea snížila jen mírně na 150 279 ETH. Reálná hodnota kryptoměnového portfolia přesto klesla z 1,99 miliardy USD na 1,47 miliardy USD.
Coinbase increased its Bitcoin holdings during the first half of 2026 even as the overall value of its digital asset portfolio declined. The latest figures show the exchange continues to strengthen its Bitcoin treasury while slightly reducing its Ethereum exposure, signaling a cautious shift in its balance sheet strategy as market conditions remain volatile.
Bitcoin Holdings Rise While Ethereum SlipsAs of June 30, Coinbase held 17,311 BTC, up 12.5% from 15,389 BTC at the end of 2025. The company added 1,922 BTC during the first six months of the year, reinforcing its long-term confidence in Bitcoin.
Ethereum holdings, however, moved in the opposite direction. Coinbase ended the period with 150,279 ETH, down 0.6% from 151,175 ETH at the end of last year. While the reduction is relatively small, it highlights a noticeable divergence in the company’s allocation between the two largest cryptocurrencies.
Despite accumulating more Bitcoin, the fair value of Coinbase’s crypto portfolio dropped from $1.99 billion to $1.47 billion, reflecting the broader decline in digital asset prices during the first half of 2026.
Stronger Treasury, But Business Faces PressureCoinbase recently reported its second-quarter financial results, offering more insight into the company’s performance before entering August.
Revenue came in at $1.22 billion for the quarter ended June 30, down 14% quarter-over-quarter and 19% year-over-year as crypto trading activity slowed across the industry.
The company posted a GAAP net loss of $359 million, although much of the loss stemmed from non-operating items, including a $209.5 million non-cash markdown on crypto assets, $52.4 million in restructuring charges, and $238 million in stock-based compensation.
On an adjusted basis, Coinbase remained profitable, reporting Adjusted EBITDA of $208 million.
Although overall crypto trading activity weakened, Coinbase continued gaining market share. Its share of global crypto trading volume increased to 10.3%, up from 9.1% in the previous quarter, setting a new company record.
The exchange also continued expanding beyond trading. Subscription and services revenue reached $555 million, accounting for 48% of total net revenue. Coinbase noted that 88% of its net revenue now comes from businesses outside Bitcoin spot trading, including staking, stablecoins, subscriptions, derivatives, and other products.
August Remains a Key TestOn the other hand, Coinbase stock entered August after gaining 6.76% in July, recovering from June’s weakness. However, August has historically been its weakest month since listing on Nasdaq.
The stock fell 19.28% in August 2023, 18.27% in August 2024, and 19.38% in August 2025, making this month another important test for investor sentiment.
Wall Street also remains divided. Rosenblatt maintained an Outperform rating with a $240 price target, expecting growth from derivatives and prediction markets. Meanwhile, JPMorgan lowered its target from $283 to $196, citing concerns that Coinbase’s revenue-sharing agreement with Hyperliquid could reduce future income from USDC reserves.
With Bitcoin holdings increasing and Ethereum exposure remaining largely unchanged, Coinbase’s treasury strategy is showing a stronger preference for Bitcoin. Whether that allocation trend continues through the second half of 2026 could become an important development for the market.
Story Ends Here
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Největší pozornost míří na PROVE: 5. srpna se odemkne asi 208 milionů tokenů, tedy zhruba 104,17 % současné cirkulující nabídky. To může výrazně zvýšit volatilitu.
Kripto para piyasasında yatırımcıların yakından takip ettiği token kilit açılışları (token unlock) yeni haftada da gündemin önemli başlıklarından biri olacak. 3-9 Ağustos tarihleri arasında PROVE, HYPE ve ENA başta olmak üzere birçok projede milyonlarca dolarlık token dolaşıma girecek. Özellikle dolaşımdaki arzın büyük bölümünü etkileyecek PROVE unlock’u, yatırımcıların en dikkatle izlediği gelişmeler arasında yer alıyor.
PROVE Tokenında Dev Kilit Açılışı Yeni haftanın en dikkat çeken token unlock’u Succinct Labs ekosistemine ait PROVE tokenında gerçekleşecek. Paylaşılan verilere göre 5 Ağustos’ta yaklaşık 208 milyon PROVE tokenının kilidi açılacak. Bu miktar, mevcut dolaşımdaki arzın yaklaşık %104,17’sine denk gelirken, güncel piyasa değeri yaklaşık 35,4 milyon dolar olarak hesaplanıyor. Dolaşımdaki arzın tamamından daha büyük bir miktarın serbest kalacak olması, PROVE fiyatında yüksek volatilite yaşanabileceğine işaret ediyor.
İlginizi Çekebilir: Arthur Hayes Ethereum ve Bu 2 Altcoin’i Sattı!
Haftanın dikkat çeken diğer iki token kilit açılışı ise Hyperliquid (HYPE) ve Ethena (ENA) projelerinde gerçekleşecek. HYPE tarafında 6 Ağustos’ta yaklaşık 433 bin token dolaşıma girecek. Kilit açılışının değeri yaklaşık 22,67 milyon dolar olurken, bu miktar dolaşımdaki arzın yalnızca %0,19’una karşılık geliyor. Öte yandan Ethena (ENA) için 5 Ağustos’ta yaklaşık 171 milyon token serbest bırakılacak. Yaklaşık 15,1 milyon dolar değerindeki unlock, dolaşımdaki arzın %1,97’sini oluşturuyor.
Token Unlock’lar Neden Önemli? Token kilit açılışları, daha önce belirli süre boyunca kilitli tutulan tokenların dolaşıma girmesi anlamına geliyor. Bu tokenlar genellikle ekip üyeleri, erken dönem yatırımcılar, danışmanlar veya ekosistem teşvik programları için ayrılıyor. Kilit açılışı sonrasında yatırımcıların satış yapması durumunda piyasadaki arz artabileceği için fiyat üzerinde kısa vadeli baskı oluşabiliyor. Ancak unlock miktarı, dolaşımdaki arz oranı ve piyasa likiditesi gibi faktörler fiyat üzerindeki etkinin büyüklüğünü belirleyen en önemli unsurlar arasında yer alıyor.
Piyasa analistleri, özellikle dolaşımdaki arzın tamamını aşan büyüklükte token unlock’u gerçekleştirecek projelerde volatilitenin belirgin şekilde artabileceğini belirtiyor.
Değerlendirme 3-9 Ağustos haftasında gerçekleşecek token kilit açılışları arasında en dikkat çeken proje PROVE olarak öne çıkıyor. Dolaşımdaki arzın %104’ünü aşan unlock miktarı, fiyat hareketlerinin sertleşmesine neden olabilir. HYPE ve ENA tarafındaki kilit açılışları ise daha sınırlı arz etkisine sahip olsa da yatırımcıların yakından takip etmesi gereken gelişmeler arasında yer alıyor. Token unlock dönemlerinde yatırımcıların yalnızca açılacak token miktarını değil, ekip cüzdan hareketlerini, işlem hacmini ve piyasa likiditesini de birlikte değerlendirmesi daha sağlıklı kararlar alınmasına yardımcı olabilir.
Son dakika kripto para haberleri için hemen tıkla
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Greg Abel v Berkshire Hathaway snížil podíl v Chevronu o 35 % a výrazně zvýšil sázku na Alphabet, který se stal novou pátou největší pozicí konglomerátu.
For the first time in more than half a century, the trillion-dollar conglomerate that Warren Buffett helped build, Berkshire Hathaway (BRKA +0.21%)(BRKB +0.36%), is in uncharted territory. The famed Oracle of Omaha retired as CEO on Dec. 31 (he remains chairman of the board), handing the keys to Berkshire's $355 billion investment portfolio to longtime protégé Greg Abel.
Abel wasted little time making his presence felt. During the first quarter, he sent 16 stocks to the chopping block and reduced six other positions, including integrated oil and gas titan Chevron (CVX +2.35%). But Berkshire's new boss also found the new apple of his eye in Google parent Alphabet (GOOGL +6.73%)(GOOG +6.88%).
Warren Buffett retired as Berkshire Hathaway's CEO on Dec. 31, 2025. Image source: The Motley Fool.
Chevron has been a continuous holding for Berkshire for nearly six years. However, the 45,780,506 shares that were dumped during the first quarter represent the largest single-quarter reduction in shares since Buffett opened the position in 2020.
Simple profit-taking is one possible reason Abel slashed Berkshire's stake in Chevron by 35% to begin the year. Between the start of 2026 and the end of the first quarter, Chevron's shares rallied from $152 to $207. For a notoriously cyclical company, this is a mammoth move. It would also have delivered triple-digit percentage returns since Buffett's initial purchases in 2020.
But there may be more to this story than just profit-taking.
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Chevron, like virtually all drilling companies, benefited from surging crude oil prices brought on by the Iran war and the closure of the Strait of Hormuz. Given that energy supply disruptions are historically short-lived, Abel may have viewed this as an opportune time to lock in gains.
Additionally, Chevron is no longer historically inexpensive. After closing out 2023 and 2024 at forward price-to-earnings (P/E) ratios of 11 and 10, respectively, Chevron's forward P/E was approaching 18 by the end of the first quarter. Abel is a stickler for value, and Chevron's value proposition has faded a bit.
Image source: Getty Images.
Berkshire's new boss can't stop buying Alphabet On the other hand, Abel bought 36,403,656 shares of Alphabet's Class A shares (GOOGL) in the March-ended quarter and opened a new position in the Class C shares (GOOG) by purchasing 3,585,215 shares. These purchases more than tripled Berkshire's stake in Google's parent company.
But he wasn't finished. On June 1, Alphabet announced what would become an $84.75 billion equity offering, $10 billion of which was to be purchased by Berkshire in a private placement ($5 billion of each share class). As of the end of July, Alphabet was a nearly $30.8 billion position, and Berkshire's new No. 5 holding.
The beauty of Alphabet is that its foundation is built atop a sustainable moat. The Google search engine accounted for over 91% of internet search traffic in July. Couple this with YouTube, the second-most-visited social site behind Google, and you have a recipe for exceptional ad pricing power.
-- Fiscal.ai (@fiscal_ai) July 30, 2026 However, it's Alphabet's artificial intelligence (AI) ambitions that can drive its valuation and cash flow significantly higher. Since Alphabet integrated generative AI solutions and large language model capabilities into Google Cloud, the world's No. 3 cloud infrastructure service platform by total spend, sales growth for this high-margin segment has gone parabolic.
Alphabet is to Greg Abel what Apple was to Warren Buffett.
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EUR/USD begins the week around 1.1540. Following a volatile week, market attention has shifted from the Federal Reserve meeting to US economic data. Investors will assess whether incoming figures reinforce the case for a September rate hike or, conversely, point to a cooling of the US economy.
Monday brings business activity indices from China and the US. The US ISM Manufacturing PMI is expected at approximately 53.0, down from 53.3 previously. Holding firmly above 50 would support the dollar, while a more pronounced slowdown would raise doubts about economic resilience and provide support for EUR/USD. On Tuesday, attention turns to JOLTS job openings, with forecasts pointing to a decline to 7.3 million from 7.594 million.
Wednesday’s highlight is the ISM Services PMI, expected to rise to 55 from 54. A strong reading would support the dollar, as services remain a key component of the US economy and an important source of inflationary pressure. Thursday’s calendar is relatively quiet, leaving the pair to consolidate ahead of Friday’s key releases.
On Friday, Germany will release foreign trade data, with the surplus expected to narrow to €11.2 billion from €19.1 billion. The main event, however, will be the US labour market report. Non-farm payrolls are forecast to rise by 79,000, up from 57,000, while unemployment is expected to hold steady at 4.2%. A stronger reading would reinforce expectations of a Fed rate hike and weigh on EUR/USD, while weak job growth or rising unemployment would support the euro.
Technical analysis
On the H4 chart of EUR/USD, the market has formed a consolidation range around the 1.1533 level, currently extending between 1.1524 and 1.1538. This range is nearing completion. An upside breakout would suggest a corrective move towards 1.1556, followed by a decline to 1.1480. A direct downside breakout would open the way for a move to 1.1400. The MACD indicator supports this scenario, with its signal line above zero but pointing downwards, reflecting weakening upward momentum.
On the H1 chart, the market has completed an upward move to the 1.1556 level. A consolidation range is currently forming below this level. Today, a move lower towards 1.1480 is expected, followed by a move higher to 1.1518, and then a continuation of the downward move to 1.1400, with scope for the trend to extend to 1.1330. The Stochastic oscillator confirms this scenario, with its signal line below 80 and pointing downwards towards 20, indicating increasing short-term downside pressure.
ConclusionEUR/USD begins a data-heavy week with markets focused on US economic indicators following the Fed’s policy decision. The ISM manufacturing and services PMIs, JOLTS job openings, and Friday’s labour market report will be crucial in shaping expectations for a potential September rate hike. A strong set of data would support the dollar, while weaker readings could support the euro. Technically, the pair appears to be consolidating around 1.1533, with a potential corrective move towards 1.1556 before resuming its broader bearish trajectory towards 1.1400 and possibly 1.1330. The week’s data releases will be the key catalysts for direction.
EUR/USD vystoupal nad 1,1500 na nejvyšší úroveň od poloviny června, protože slábnoucí očekávání dalšího utahování Fedu tlačí dolar dolů. Trh čeká na ISM výroby a páteční payrolls.
EUR/USD climbed to its highest level in more than six weeks after breaking above 1.1500. Softer expectations for further Federal Reserve tightening continued to pressure the US dollar. Traders now await ISM manufacturing data before shifting attention to Friday's US payrolls report. The euro began the week on a stronger footing, extending last week’s rally as broad-based weakness in the US dollar continued to support the common currency. EUR/USD climbed above 1.1500, reaching its highest level since mid-June after investors scaled back expectations that the Federal Reserve will need to resume raising interest rates this year.
Last week’s Fed meeting marked a turning point for the dollar. Although policymakers left interest rates unchanged, markets were unconvinced that officials are prepared to deliver another hike unless inflation accelerates significantly. Treasury yields retreated after the meeting, dragging the greenback lower across major currency pairs and allowing the euro to recover sharply from July’s lows.
At the same time, geopolitical concerns eased after reports that the United States postponed further military action against Iran. The decline in oil prices that followed helped reduce immediate inflation concerns, removing one of the main factors that had recently supported the US dollar.
US economic data now becomes the next catalyst for EUR/USD With the Federal Reserve now temporarily out of the spotlight, investors are turning their attention to incoming economic data for fresh clues on the direction of US monetary policy.
Monday’s ISM Manufacturing PMI will offer an early indication of how the US industrial sector performed in July after recent signs that business activity has begun to stabilize. Markets will also monitor the S&P Global Manufacturing PMI for confirmation of broader economic momentum.
However, attention is already shifting toward Friday’s Nonfarm Payrolls report, widely regarded as the week’s most important release. A resilient labour market could revive expectations for tighter monetary policy later this year, while weaker employment growth would strengthen the view that the Fed has reached the end of its tightening cycle.
That makes this week’s data particularly important for EUR/USD after last week’s breakout.
Euro buyers regain technical control The technical picture has improved considerably over the past several sessions.
After establishing support around 1.1350, EUR/USD has produced a strong impulsive recovery, breaking through the psychological 1.1500 level while also clearing the descending trendline that had capped prices since June.
The rally has been accompanied by a move back above both the 100-day and 200-day moving averages, reinforcing the argument that medium-term bullish momentum is returning. Price is now consolidating just below 1.1560, suggesting buyers are pausing after a rapid advance rather than showing signs of exhaustion.
A sustained move above 1.1558 would expose the June high near 1.1620, while a successful break there could encourage a broader recovery toward 1.1650.
Bullish Outlook The outlook remains positive while EUR/USD holds above 1.1480. Continued weakness in the US dollar and softer Treasury yields could allow buyers to challenge 1.1558, with 1.1620 becoming the next major upside objective.
Bearish Outlook Failure to hold above 1.1480 would increase the risk of profit-taking after last week’s rally. A decisive break below 1.1430 could expose 1.1350, signalling that the recent recovery was only corrective rather than the beginning of a broader trend reversal.
On the downside, the first layer of support sits near 1.1480, followed by 1.1455, which represents the midpoint of the latest advance. A move below 1.1430 would weaken the current bullish structure and suggest that sellers are regaining control.
EUR/USD Outlook The near-term outlook for EUR/USD remains constructive after last week’s decisive break above the 1.1500 psychological level shifted momentum back in favour of buyers. However, the pair is entering a data-heavy week that could determine whether the rally has enough strength to extend toward the June highs. Traders will closely monitor the US ISM Manufacturing PMI and Friday’s Nonfarm Payrolls report for fresh clues on the Federal Reserve’s policy path. Softer-than-expected US data could reinforce dollar weakness and lift EUR/USD toward 1.1620, while stronger economic readings may trigger a pullback as investors revive expectations of tighter US monetary policy. For now, the broader bias remains bullish as long as the pair holds above key support around 1.1480.
Meta ve 2. čtvrtletí zvýšila tržby o 28 % na 60,8 miliardy USD, ale EPS klesl o 13 % na 6,18 USD. Zuckerberg navíc naznačil možnost pronájmu přebytečné AI výpočetní kapacity.
Meta Platforms (META +3.28%) released its second-quarter earnings report on July 29. The company's financial results weren't bad, at least as long as we stop at the top line. Meta's revenue grew by 28% year over year to $60.8 billion. But the tech leader's earnings per share dropped 13% year over year to $6.18, while its free cash flow came in at $784 million, down almost 91% from the year-ago period.
Meta Platforms is pouring a small fortune into its artificial intelligence (AI)-related ambitions, and it is impacting its margins and bottom line. It's no wonder that many people are running for the exit. However, recent comments from Meta's CEO, Mark Zuckerberg, should give investors some confidence that the company might eventually reap the benefits of these investments.
Image source: The Motley Fool.
Meta Platforms' cloud business is in the works There have been reports in recent weeks suggesting that Meta Platforms is planning to rent out excess AI computing capacity to other data centers. Although it seems like a promising business endeavor, investors naturally had many questions. Here is just one of them: Can Meta Platforms successfully join the crowded cloud computing market and actually challenge the leaders in the niche, including the likes of Amazon (AMZN +15.32%), Microsoft (MSFT +3.02%), and Alphabet (GOOG +6.88%) (GOOGL +6.73%)? During the company's second-quarter earnings conference call, Zuckerberg addressed this concern, at least to some extent. Talking about the opportunity to sell computing capacity, he said:
We're getting a lot of offers for compute at a significant premium over what we paid for it.
These aren't unsubstantiated claims either. Meta Platforms is reportedly in early talks to rent out AI computing power to Anthropic, a privately held company and a leader in developing large language models. The deal is far from done, but the fact that it is in the works at all tells us something: Meta Platforms is exploring launching a cloud computing business because it sees demand for the kinds of services it hopes to provide.
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If the company can move forward with these plans, it may help justify the significant investments it is making in AI. This business could be a powerful growth driver over the medium term. According to some estimates, AI infrastructure spending will exceed $1 trillion by 2029, up from just $318 billion last year. Some of this spending will flow right into the kinds of services Meta Platforms wants to offer.
What does all this mean for the stock? Meta's core advertising business remains strong and continues to improve thanks to AI. The company also boasts a deep ecosystem, with 3.60 billion daily active users across its websites and apps, providing significant monetization opportunities. The tech giant's proposed cloud business could further boost sales and accelerate earnings growth. Since much of the investment has already been made, it would almost certainly lift the company's margins. This new growth opportunity is another reason investors should consider buying the stock on the dip.
Prosper Junior Bakiny has positions in Alphabet, Amazon, and Meta Platforms. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, and Microsoft. The Motley Fool has a disclosure policy.
Tesla minula očekávání Wall Street zhruba o 38 % a provozní zisk klesl na asi 400 milionů USD z 923 milionů USD před rokem. Elon Musk ale dál sází na autonomní řízení, robotaxi, Optimus a AI infrastrukturu.
The latest earnings report from Tesla (TSLA +0.76%) wasn't pretty. The company missed Wall Street's expectations by roughly 38%, operating profit fell to about $400 million from $923 million a year earlier, and free cash flow swung to negative $1.1 billion as capital spending surged. Not surprisingly, the stock sold off sharply. Yet CEO Elon Musk sounded remarkably unconcerned.
Instead of focusing on weak quarterly results, Musk emphasized what Tesla is building: autonomous driving, robotaxis, Optimus humanoid robots, and the AI infrastructure needed to support those businesses. Management is intentionally spending heavily today because it believes those investments could create substantially larger revenue streams over the next decade. So the question is: Is that confidence justified?
Musk's view The automotive business is clearly under pressure. Vehicle pricing remains competitive, regulatory credit sales have declined, and margins continue to face pressure. Tesla's automotive gross margin fell to roughly 16.3% during Q2, well below the levels investors became accustomed to just a few years ago. Meanwhile, the company continues spending billions on AI infrastructure, compute capacity, factories, and robotics, helping drive free cash flow to negative $1.1 billion during the second quarter.
If Tesla were simply an electric vehicle manufacturer, those trends would be concerning enough to justify a much lower valuation. But that's not how Musk wants investors to view the company.
Image source: Getty Images.
His argument is that today's earnings tell investors very little about Tesla's long-term value because the company's biggest opportunities haven't yet begun contributing meaningful profits. Robotaxis remain in the early stages of deployment, Optimus is still under development, and Tesla continues investing aggressively in AI training infrastructure that management believes will support both businesses.
Big promises Of course, that doesn't mean investors should simply ignore the disappointing quarter. Tesla has a long history of making ambitious promises years before they become commercially meaningful. Some have eventually materialized. Others have taken much longer than originally projected. As a result, you should probably discount future projections until they begin showing up in measurable financial results.
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This is especially important because Tesla's valuation still depends heavily on businesses that remain largely unproven at scale. Wall Street appears increasingly unwilling to assign premium multiples based solely on future possibilities, which helps explain why the stock reacted so negatively despite Musk's optimistic tone.
That said, if you're long on Tesla, the investment thesis hasn't fundamentally changed. Tesla is no longer just about electric vehicle sales. It's increasingly a bet on whether the company can successfully commercialize autonomous transportation, robotics, and artificial intelligence before competitors catch up. And that makes quarterly earnings less important than actual execution.
Missing earnings by 38% certainly isn't good news. But if Musk ultimately delivers profitable autonomous driving and robotics businesses, this quarter will likely be remembered as little more than an expensive investment period. If those initiatives disappoint, however, the market may conclude that the automotive business alone isn't enough to justify Tesla's premium valuation.
SummaryMicrosoft delivered robust fiscal Q4 results, with EPS of $4.74 and revenue of $90 billion, both beating consensus estimates.MSFT's cloud-driven growth, especially Azure’s 39% YoY increase, underpins a reiterated "Buy" rating and a 20%+ intrinsic value upside.Heavy capex into AI infrastructure and $130 billion in data center leases signal aggressive long-term positioning despite a near-term FCF dip.Technicals show mixed signals, but strong RSI momentum and operational strength suggest a long-term low may be in place. tupungato/iStock Editorial via Getty Images
With the bulk of mega-cap tech earnings in hand, it’s clear that Microsoft (MSFT) and Amazon (AMZN) were the winners. The pair of AI hyperscalers posted prodigious capex numbers, but the street did not punish shares. Cloud revenues were solid, and
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Novo Nordisk získává zpět půdu díky pilulce Wegovy, která si v USA drží náskok před Lilly. Investoři čekají, zda při výsledcích za 2. čtvrtletí 5. srpna potvrdí obrat.
SummaryCompaniesAnalysts say Novo could lift full-year guidanceInvestors look for signs of sustainable turnaroundU.S. obesity market could be worth $100 bln by end of decadeNovo Nordisk reports Q2 earnings on August 5Novo faces headwinds to expand beyond obesity, diabetesLONDON, Aug 3 - Novo Nordisk (NOVOb.CO), opens new tab investors have found little cause for optimism during a bruising two-year period of profit warnings, leadership upheaval and a sliding share price as rival Eli Lilly (LLY.N), opens new tab streaked ahead. Now they may have reason for hope.
Despite Novo having lost ground in injectable GLP-1s in recent years, the Danish obesity drugmaker is getting a boost from its new Wegovy weight-loss pill that is holding onto its lead against Lilly's more recently launched Foundayo.
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The pair are battling for dominance in the obesity drug market, which analysts expect to be worth more than $100 billion by the end of the decade in the United States alone.
Novo's shares have climbed some 35% from a March low, with the company looking to go on the offensive - including with a divisive court case against Lilly over what it calls misleading marketing in the vital U.S. market.
"Novo is a different Novo today than a year ago," said Morten Gregersen, chief portfolio manager at Danish asset manager Formuepleje, a Novo shareholder. "They're much more consumer-oriented and they've become much more aggressive."
NOVO VS LILLY: COMEBACK STORY?Analysts and shareholders will look for clues from management that Novo's turnaround is durable when the company reports second-quarter results on August 5, and that it can keep pace with Lilly over the longer term.
The U.S. drugmaker reports results on the same day, and analysts broadly expect robust sales of its blockbuster weight-loss and diabetes injections, Mounjaro and Zepbound.
Recent IQVIA prescription data suggests demand for oral Wegovy remains stronger than analysts initially expected and well above Lilly's Foundayo, although Barclays noted the figures understate total Foundayo demand because they exclude certain distribution channels.
"One of the concerns had been that orforglipron from Lilly was going to come along and make things a lot tougher for oral Wegovy," said Barclays analyst James Gordon, using the generic name for Foundayo. "But so far... orforglipron doesn't really seem to have impacted the product."
ARE WE AT AN INFLECTION POINT?Novo spent 2025 on the defensive as mounting U.S. pricing pressure and competition led to four guidance cuts and wiped billions from its market value. The company replaced its CEO and launched a restructuring that cut 9,000 jobs.
This year, Novo has regained some momentum with oral Wegovy, which it launched in the U.S. in January, firing hopes that the worst may be behind it.
The pill, however, has yet to alter the broader picture. After overtaking Wegovy injections last year, Lilly's Zepbound has maintained a commanding lead in the U.S. market, with weekly prescriptions more than double those of Novo's drug in recent months. Novo's ability to broaden beyond obesity and diabetes is also under scrutiny after a recent heart disease drug trial fail.
"The real question is...when is the inflection point? Which particular quarter looks like a trough, and then do we see growth back from that point?" said HSBC analyst Rajesh Kumar.
He said expectations for 2026 had improved, though that partly reflected generic competition for Wegovy arriving later than previously expected, pushing some of the pressure into 2027 rather than eliminating it.
NOVO NORDISK LOOKS TO 'MAKE SOME NOISE'Novo and Lilly's rivalry has spilled into the courts. Last month, Novo sued Lilly in a U.S. federal court, accusing it of false advertising for using comparisons of efficacy that omit its newer, higher-dose Wegovy. Lilly has denied the allegations.
BMO analyst Evan Seigerman said that Novo was being more "aggressive" and trying to "make some noise", even if the suit was unlikely to make a huge difference.
"It's kind of like using a lawsuit as a bit of publicity to shift opinions," he said.
Others like Sven Borho, managing partner at Orbimed, said that the suit would struggle to change the perception in the U.S. that Zepbound was superior to Wegovy. Instead, he said Novo needed to strike deals in the obesity space to persuade the market that they can compete with Lilly long term.
Analysts said Novo could edge up its full-year outlook, though the main positive may be a lack of crisis and drama.
"Even if there is no guidance raise, it will be comforting to know that the company has left the era of profit warnings," said Markus Manns, portfolio manager at Union Investment.
Reporting by Maggie Fick and Bhanvi Satija; Additional reporting by Stine Jacobsen and Michael Erman; Editing by Adam Jourdan and Kirsten Donovan
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Maggie is a Britain-based reporter covering the European pharmaceuticals industry with a global perspective. In 2023, Maggie's coverage of Danish drugmaker Novo Nordisk and its race to increase production of its new weight-loss drug helped the Health & Pharma team win a Reuters Journalists of the Year award in the Beat Coverage of the Year category. Since November 2023, she has also been participating in Reuters coverage related to the Israel-Hamas war. Previously based in Nairobi and Cairo for Reuters and in Lagos for the Financial Times, Maggie got her start in journalism in 2010 as a freelancer for The Associated Press in South Sudan.
Bhanvi is a London-based reporter covering European pharmaceutical companies and the healthcare industry. She previously covered U.S. health and pharma firms, with a focus on the new weight loss drugs that are transforming the obesity treatment space. Her coverage includes a trend piece on the underuse of their weight-loss drugs among men, increased interest in therapies being developed for preservation of lean mass, and a scoop on gene therapy maker Sarepta defying an FDA order to stop shipping its muscular dystrophy treatment.
Snap Inc. (NYSE:SNAP) will release its second quarter earnings report after the closing bell on Monday, Aug. 3.
Analysts expect the Santa Monica, California-based company to report a quarterly loss of 12 cents per share, versus a loss of 16 cents per share in the year-ago period. The consensus estimate for Snap’s quarterly revenue is $1.53 billion. It reported $1.34 billion last year, according to Benzinga Pro.
On May 6, Snap posted better-than-expected first-quarter results.
Snap shares closed at $4.69 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying SNAP stock? Here’s what analysts think:
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GBP/USD minulý týden vzrostl asi o 1 % na 15denní maximum, protože slabší americká data oslabila dolar. Další směr určí páteční zpráva o zaměstnanosti v USA.
Pound-Dollar could extend its recovery if US labour market data weakens further, although stronger ISM surveys may help steady the Greenback. The Pound to US Dollar (GBP/USD) exchange rate climbed to a 15-day high last week as investors scaled back Federal Reserve rate hike expectations following softer US economic data and the latest central bank decisions.
At the time of writing, GBP/USD was trading around $1.3483, up approximately 1% over the week.
Latest — Exchange Rates:
Pound to Dollar (GBP/USD): 1.347555 (-0.05%)
Euro to Dollar (EUR/USD): 1.153631 (+0.06%)
Dollar to Yen (USD/JPY): 156.42647 (-0.65%)
Image: GBP/USD monthly returns WEEKLY RECAP:
The US Dollar (USD) opened the week on a firm footing as a cautious market mood boosted demand for the safe-haven currency.
Trading remained subdued until Wednesday evening, when the Federal Reserve left interest rates unchanged by a 9-3 vote and adopted a broadly neutral tone.
Following the decision, markets pared back expectations for further Fed interest rate hikes this year, triggering broad-based US Dollar weakness.
Selling pressure intensified on Thursday after second-quarter US GDP growth slowed to 1.5%, missing expectations and decelerating from 2.1% in the first quarter.
At the same time, the latest core PCE price index suggested inflation cooled modestly in June, adding to expectations that the Fed may be in no hurry to tighten policy further.
An improving market mood also kept the safe-haven US Dollar under pressure into the end of the week.
Meanwhile, the Pound (GBP) traded without clear direction during the first half of the week ahead of the Bank of England's policy decision.
The BoE announcement provided modest support for Sterling, although gains were uneven as investors assessed the voting split and Governor Andrew Bailey's comments.
Policymaker Catherine Mann joined two colleagues in voting for an interest rate increase after previously supporting unchanged policy, while Bailey reiterated there was little evidence that inflation was becoming entrenched in the UK economy.
After a soft start on Friday, Sterling recovered after Chancellor John Healey confirmed the date of the Autumn Budget and reiterated the government's commitment to maintaining its fiscal rules, helping reassure investors.
Image: Pound-to-Dollar exchange rate forecast consensus range as of August 2026 Share article
Share image
Near-Term GBP/USD Forecast: Non-Farm Payrolls Report in Focus Looking ahead, the US ISM manufacturing and services PMIs on Monday and Wednesday are expected to provide the first major clues on the health of the US economy.
If both surveys point to improving business activity, the US Dollar could regain some support.
However, the week's key release will be Friday's US non-farm payrolls report.
A stronger-than-expected increase in employment could revive support for the Greenback, although any further rise in the unemployment rate may offset the positive impact.
Meanwhile, the UK's final services PMI on Wednesday is the main domestic release for Sterling. Confirmation that the UK's dominant services sector returned to growth in July could provide additional support for the Pound.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
USD/JPY klesl po vzácné koordinované intervenci USA a Japonska, které koupily jeny za účelem omezení prudkých pohybů. Pár se krátce propadl na 155,27 a pohyboval se kolem 156,63, což bylo o 0,52 % níže za den.
The United States joined Japan in buying yen to contain disorderly currency moves, protect the US Treasury market and prevent Japan’s financial strains spilling into the global economy. The Japanese Yen strengthened sharply on Monday after Japan confirmed that Washington had joined Tokyo in a rare coordinated intervention to support the currency.
Image: USD/JPY crashed as seen in the 24h chart Japan’s Ministry of Finance said it purchased yen alongside the US Treasury on Friday to counter “excessive volatility and disorderly movements” after the currency fell towards a 40-year low near ¥164 against the Dollar. Finance Minister Satsuki Katayama warned that the two countries would not hesitate to intervene again.
At the time of writing, the US Dollar to Yen exchange rate (USD/JPY) was trading around 156.63, down 0.52% on the day. The pair briefly plunged towards 155.27 overnight before recovering, extending its retreat from levels above 163 in late July.
Latest — Exchange Rates:
Dollar to Yen (USD/JPY): 156.62001 (-0.53%)
Euro to Dollar (EUR/USD): 1.153244 (+0.02%)
Pound to Dollar (GBP/USD): 1.347124 (-0.08%)
Washington’s involvement was not simply an act of support for a key Asian ally.
Japan had already spent heavily buying yen, with Bank of Japan data suggesting that Tokyo may have deployed almost $59 billion during Thursday’s intervention. Funding further action by selling US government bonds risked driving Treasury prices lower and pushing American borrowing costs higher.
The US intervention therefore helped address two risks at once: a destabilising collapse in the yen and the possibility that Japan could become a forced seller of Treasuries as it raised dollars to defend its currency.
The Federal Reserve’s FIMA repo facility could also allow Japan to obtain temporary dollar liquidity without selling its Treasury holdings outright.
US Treasury Secretary Scott Bessent described the facility as an important backstop and said Washington was prepared to participate in further coordinated action.
The move also supports the Trump administration’s trade agenda.
An exceptionally weak yen makes Japanese exports cheaper and can offset some of the competitive impact of US tariffs, while higher import costs are intensifying inflation and political pressure within Japan.
The intervention has forced traders to unwind large speculative bets against the yen, but officials may struggle to secure a lasting recovery without help from monetary policy.
The Bank of Japan kept its benchmark rate at 1.00% last week, although the coordinated action and increasingly forceful US pressure have strengthened expectations of another increase as soon as September.
Image: Dollar-Yen exchange rate performance over 2026 For USD/JPY, the immediate risk is now two-sided.
Further intervention could drive the pair back below 155.00, while a failure to follow the currency purchases with tighter Japanese policy could eventually allow the underlying US-Japan yield gap to reassert itself.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
Greg Abel nasměroval Berkshire Hathaway víc k nákupům celých firem než akcií. Sám prosadil akvizice za 6,8 miliardy USD, zatímco do akcií vložil pod 3 miliardy USD.
Greb Abel's Berkshire Hathaway (BRKA +0.21%) (BRKB +0.36%) is shaping up to be similar to Warren Buffett's, but with the new CEO's signature decisive, bold stamp.
One of the features that stands out in his approach is a focus on acquiring whole companies. That's not anything new; Berkshire Hathaway owned almost 200 businesses outside of its stock portfolio before he became CEO at the beginning of the year. But with its record nearly $400 billion stockpile, Abel is finding greater opportunity in buying whole businesses than stocks.
Let's look at what that means for shareholders.
What's happening at Berkshire Hathaway with Abel at the helm Abel demonstrated that he's taking a new direction with his portfolio moves in the first quarter. He sold 15 positions, concentrating on its highest-conviction stocks, and bought two new ones: Delta Air Lines and Macy's. Those positions are worth $2.6 billion and $55 million, respectively.
He also tripled the company's position in Alphabet, adding more than $10 billion in Alphabet stock, although Buffett has taken credit for the Alphabet purchase.
Image source: Getty Images.
The company has also purchased two whole subsidiaries since Abel took office. It completed the purchase of OxyChem from Occidental Petroleum for $9.7 billion in January, a deal started when Buffett was still CEO, and it acquired homebuilder Taylor Morrison in June for $6.8 billion.
Buffett praised Abel's dealmaking abilities, saying that Berkshire's new CEO spearheaded the acquisition. "Greg did that faster than I could have done it, smoother than I could have done it, and I never talked to the CEO. He has launched."
The implication is that Abel put more of the company's money into buying whole businesses -- $6.8 billion -- than into buying stocks -- under $3 billion -- in the deals he worked himself.
With $398 billion in cash, there are many opportunities Investors can speculate about why Berkshire is keeping so much cash, but Buffett said that he simply doesn't see great opportunities in the market. It is certainly richly valued today, and it's driven by artificial intelligence (AI) upstarts, some of which have high valuations and no profits. Those aren't the kinds of investments Buffett or Abel looks for.
With $398 billion in cash, Abel is finding value in whole companies instead. When he buys businesses, their financials get folded into Berkshire's, and shareholders gain from operating results rather than portfolio moves.
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This strategy also removes some optionality from the business; you can trade stocks for cash more easily than sell companies. Berkshire also looks to buy companies it can hold forever, and it rarely sells a subsidiary.
Although it's only been one quarter, and it's too early to say this will be Abel's pattern, it dovetails with this model of sticking to bigger plays with greater concentration. And shareholders, as well as Berkshire Hathaway fans, may see more of this activity driving the company's work.
PrismML uvedla Bonsai 27B, bezplatný AI model, který běží lokálně na iPhone 17 Pro a zachovává asi 90 % původního výkonu. Pro Apple je to posun pro on-device AI.
On July 14, a start-up with Caltech roots, PrismML, released Bonsai 27B, a free artificial intelligence (AI) model compressed enough to run locally on an Apple (AAPL -7.35%) iPhone 17 Pro. According to the company, it retains roughly 90% of the original model's performance.
A capable AI small enough to run on an iPhone is great news for consumers. PrismML's CEO recently told CNBC that Apple is in "very early" discussions about the technology. In time, free, local, open-weight AI could become an à la carte menu for consumers, and Apple's own silicon was designed to run them.
Image source: Getty Images.
A serious model that finally fits on a phone A traditional 27-billion-parameter model cannot fit in a phone's usable memory. At 3.9 gigabytes, Bonsai is built on Alibaba's open-weight Qwen3.6 and can run on an iPhone 17 Pro, as well as on iPad, Mac, and PCs.
Shrinking open models is not new, but compressing one of this class while retaining its performance is. For Apple, whose latest chips were designed to run AI on-device, this could raise the stakes for its internal development of foundation models.
The A19 and A19 Pro chips in the latest iPhones feature neural accelerators, which the company says provide a significant boost to AI performance. On the company's second-quarter earnings call in April, management described the Mac as "the best platform for AI," with its silicon capable of running advanced AI like never before.
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Who's going to monetize consumer AI? Most consumer AI usage is free. OpenAI surpassed 900 million weekly active users in February, with roughly 50 million paying subscribers and a conversion rate of around 5.5%. To the extent the frontier labs counted on consumers paying for AI inference, that opportunity may shrink as open-weight alternatives continue to improve and take share.
Apple's position is different. Its business is selling devices, so a local-AI wave means more memory and capacity, which raises the cost of goods sold for the hardware maker.
Its own AI execution has been lackluster so far. The previously delayed and rebuilt Siri fell short in internal testing in February, though management sounded optimistic on its July 30 earnings call. Siri AI has been in public beta testing for a few weeks, and the feedback has been positive.
In July, Apple sued OpenAI in federal court, alleging trade-secret theft tied to former engineers who joined the lab, including claims that trade secrets were taken to help OpenAI build its own devices.
Apple's lawsuit against OpenAI puts the consumer AI fight front and center. As expected, the company remained silent about the lawsuit during its earnings call.
Apple has the silicon. With breakthroughs such as PrismML's, consumers may not have to wait much longer for capable AI that can run offline and keep data on the device without a monthly fee.
Alibaba představila Qwen3.8-Max, svůj dosud největší model umělé inteligence s 2,4 bilionu parametrů. V žebříčku textových modelů se hned zařadil mezi nejlepší čínské systémy a v obrazových modelech skončil celosvětově druhý.
Qwen and Alibaba logos are seen in this illustration taken, January 29, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesQwen3.8-Max has 2.4 trillion parameters, approaching Kimi K3's sizeIt shoots up AI text and visual model leaderboards, lagging only Anthropic offeringsAlibaba says new model completed software engineering project in 16 daysBEIJING, Aug 3 (Reuters) - China's Alibaba (9988.HK), opens new tab on Monday unveiled what it said is its largest and most capable artificial-intelligence model, the Qwen3.8-Max, which is not far behind in size when compared with an offering from domestic rival Moonshot AI launched last month.
Chinese tech companies — a huge force in open-weight AI models globally — are locked in a fierce and fast-moving battle to build more powerful systems without making them prohibitively expensive to run.
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Qwen3.8-Max has 2.4 trillion parameters, the numerical settings a model learns from data and uses to recognise patterns, generate answers, and carry out tasks. Moonshot's Kimi K3 has 2.8 trillion parameters.
A higher figure does not automatically make a model better, but it has become a closely watched measure of the scale of the computing and data behind advanced AI systems.
Chinese tech companies are keen to publish parameter count to help their models gain traction among the developer community. Their models tend to be open-weight, meaning the underlying learned settings that allow developers to run or adapt the system are available for download.
By contrast, OpenAI, Anthropic and Google (GOOGL.O), opens new tab do not publish parameter count for their closed-source models.
Qwen3.8-Max was unveiled on crowdsourced, model-comparison platform Arena.AI, where it immediately became the highest-ranking Chinese model in terms of text models, though it still lags Claude Fable 5 and three Opus variants which are all from Anthropic.
But on Arena.AI's leaderboard for AI models that analyse images and other visual material, Qwen3.8-Max ranked second globally, only behind a Claude Fable 5 variant.
Both Qwen3.8-Max and Kimi K3 can handle text, images and video, and process up to 1 million tokens at a time.
Tokens are chunks of data, often parts of words or short words, and a big figure means the model can take in large amounts of material in one go, such as long legal files, a large software codebase or hundreds of pages of documents.
Alibaba said its model uses a "mixture-of-experts" design, which divides work among specialised parts of the system instead of switching on the entire model for every request. Only 95 billion parameters are used at a time, reducing costs and response delays.
The tech giant said the model completed a software-engineering project in 16 days.
The Qwen3.8-Max is due to be released next week through Alibaba Cloud's Model Studio platform.
Reporting by Eduardo Baptista; Editing by Edwina Gibbs
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Eduardo Baptista is a Senior Correspondent for Reuters based in Beijing, covering China’s technology, space, and automotive industries. He has led enterprise and investigative reporting on China’s military-linked companies, artificial intelligence and semiconductor supply chains, as well as macroeconomic and industrial policy. Baptista has reported from China for nearly a decade and holds a BA in History from the University of Cambridge.
Nvidia se připojila k nové AI Materials Foundry od CuspAI, která má urychlit objevování materiálů pro polovodiče a další technologie. Firma zatím neoznámila žádné očekávané tržby ani závazek k nákupu.
Nvidia stock NASDAQ:NVDA closed at $200.75 on Friday, rising 2.9% as strong cloud results from Microsoft and Amazon revived confidence in artificial-intelligence infrastructure spending.
Yet another, less visible part of the chipmaker’s growth strategy is emerging far from the data centres that dominate Wall Street’s attention.
Nvidia has joined CuspAI’s new AI Materials Foundry, a global network seeking to combine generative AI, accelerated simulations, scientific data and laboratory testing to discover materials for semiconductors, energy and advanced manufacturing.
The initiative is unlikely to change Nvidia’s earnings soon, but could extend the company’s reach into the scientific tools used to design the physical foundations of future technology.
CuspAI launched the foundry alongside a $450 million Series B fundraising that valued the Cambridge-based company at $2.6 billion.
More than 45 founding partners include Nvidia, Meta, Samsung Electronics, Applied Materials, Hyundai Motor Group, Tokyo Electron and Lam Research.
The group aims to shorten a materials-development process that can take years.
CuspAI’s approach covers generating candidate materials, simulating their properties, planning synthesis, validating results in laboratories and eventually preparing successful compounds for production.
Nvidia’s role is strategically important because those simulations demand substantial computing power.
Its ALCHEMI platform provides GPU-accelerated microservices and software tools for chemistry and materials research.
Nvidia says its batched geometry-relaxation technology can accelerate certain material-stability simulations by as much as 100 times.
The immediate stock argument is not that CuspAI will suddenly become a major customer. No expected revenue or purchase commitment from the partnership has been announced.
The opportunity is that materials discovery could become another specialised workload tied to Nvidia processors, CUDA-X software and cloud infrastructure.
Wall Street’s Nvidia thesis remains firmly elsewhereAnalysts’ bullish Nvidia calls still rest on established strengths rather than the materials alliance.
Bank of America analyst Vivek Arya said investors were overlooking an “enhanced” buying opportunity.
Arya argued that concerns about rising memory costs and competition from custom chips underestimated Nvidia’s pricing power, scale and supply-chain commitments.
KeyBanc analyst John Vinh raised his price target to $330 from $310 and maintained an Outperform rating. His confidence reflects the competitive barriers created by Nvidia’s hardware and CUDA software ecosystem.
ALCHEMI fits that broader logic as each specialist workload added to the platform may make Nvidia harder to replace.
Bernstein analyst Stacy Rasgon also maintained a Buy rating and $315 target despite concerns about Nvidia’s increasingly interconnected AI deals.
Also read: Nvidia, Alphabet among 5 stocks that fit Jim Cramer’s favourite dip-buying rule
AI-generated materials must still survive physical testing, regulatory reviews and mass-production requirements.
Moving from a promising simulation to a commercially useful semiconductor material could take years, and many candidates will fail.
There is also a broader risk as scientific computing will matter less to Nvidia shares if spending by its largest customers slows.
Jim Paulsen warned that flat or declining US core capital spending could force a “major readjustment” among investors committed to the AI-spending story, Business Insider reported.
Microsoft and Amazon offered a more encouraging signal as their latest cloud growth showed that heavy AI investment is producing revenue, supporting continued infrastructure demand.
Amazon po silných výsledcích za 2. čtvrtletí vyskočil o 15,32 %. Nejvíc investory zaujala prognóza Andyho Jassyho, že AWS může časem dosáhnout tržeb ve výši 1 bilionu USD.
Amazon (AMZN +15.32%) shares surged after a strong second-quarter earnings report. What likely really grabbed investors' attention was CEO Andy Jassy predicting that its cloud computing unit, Amazon Web Services (AWS), could become a $1 trillion revenue business. Jassy is not known for his bold predictions, unlike Elon Musk, so this likely carried more weight with investors.
Cloud growth keeps accelerating The highlight of Amazon's quarter was once again AWS, with revenue surging 37% year over year to $42.2 billion. That was an acceleration from the 28% growth it saw in the first quarter and the 24% growth it saw in the fourth quarter. It was AWS' fastest revenue growth in nearly four and a half years (18 quarters).
Jassy said that both its artificial intelligence (AI) and chip businesses now had more than $25 billion revenue run rates, with its AI business growing by triple digits. Its backlog also grew by triple digits to $496 billion.
Operating income in the segment, meanwhile, jumped 63% to $16.6 billion. Its operating margin of 39% has now risen for four straight quarters, helped by use of its custom chips and investments in software and optimization. While Jassy said margins could fluctuate, he also said the steady rise hasn't been random.
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Amazon's e-commerce operation, meanwhile, continues to perform well. Its North America sales jumped by 16% year over year to $116.2 billion, while international sales rose 15% to $42.2 billion. Advertising continues to be a big driver, with ad revenue climbing 26% to $19.8 billion, fueled by its sponsored ad business.
The company once again saw nice operating leverage in its North American e-commerce operations, with its operating income for its North American segment jumping 21% to $9.1 billion. Its international segment saw operating income rise 15% to $1.7 billion.
Overall, Amazon's revenue jumped by 20% year over year to $200.61 billion, which easily topped the $196.47 billion analyst consensus, as compiled by LSEG. Earnings per share (EPS) more than tripled to $2.78, but they included a large gain from Amazon's investment in Anthropic, so they were not comparable to analyst estimates for EPS of $1.82.
Looking ahead, Amazon projected that its third-quarter revenue would climb to between $197 billion and $202 billion (representing growth of between 9% and 12%), which was below the $204.1 billion consensus. Adjusted for the shift in Prime Day, growth would be between 13% and 16%. Currency is expected to be an 80-basis-point drag.
Jassy also said Amazon would increase its capex budget this year, taking it from $200 billion to $220 billion, largely due to higher memory costs. He said AWS demand continues to outstrip capacity and that this will continue in 2027, while adding that "the demand we already have for 2028 is striking." Jassy topped it off by saying he sees AWS becoming a $1 trillion business in time, with strong ROIC (return on invested capital) and free cash flow.
He also went over some basic economics of the cloud business, noting that AWS should break even on its server and networking investments in two to three years, while its servers have useful lives of five to six years and it signs five-year leases. The company's data centers, meanwhile, have over 30-year useful lives, and the economics become stronger over time as Amazon doesn't have to make these upfront data center investments.
Image source: Getty Images.
Jassy has long been derided given the underperformance of Amazon's stock, despite the strong job he's done positioning both the company's e-commerce and cloud computing businesses. However, I think the vision he laid out for AWS becoming a $1 trillion revenue business and simply explaining AWS' economics really struck a chord with investors.
Even after the jump in its stock price, Amazon still trades at an attractive valuation, with a forward price-to-earnings ratio of about 31 times 2026 analyst estimates and 27 times 2027 estimates. That's still a historically low valuation for the stock and well below its retail peers Walmart and Costco. With its e-commerce business humming along and AWS gaining strong momentum, the stock still looks like a long-term buy at these levels.
IonQ ve čtvrtletí zvýšil tržby o 755 % na 64,7 milionu USD, ale trh jej stále oceňuje na 13,35 miliardy USD, zhruba 50násobek jeho výhledu pro rok 2026.
IonQ (IONQ +1.87%) closed Thursday at $35.77, up almost 12% in a single session as quantum computing stocks rallied. Even after that jump, shares of the quantum computing specialist sit about 58% below their 52-week high of $84.64. And yet the company still carries a market capitalization of $13.35 billion.
So the stock manages to look beaten down and expensive at the same time. Here's a closer look at what has to go right for today's price to work out.
Image source: Getty Images.
Growth from a very small base Highlighting why the stock attracts so much attention, IonQ's first-quarter revenue rose 755% year over year to $64.7 million, coming in 30% above the midpoint of management's own guidance. Growth like that is nearly impossible to find elsewhere in the market, and I understand why investors are drawn to it.
The composition of the revenue is encouraging, too. About 60% of it came from commercial customers rather than governments, about 35% came from international customers, and more than a third came from customers buying across product lines -- quantum computers, networking, and sensing.
The order book is filling up even faster. Remaining performance obligations, or the future revenue IonQ already has under contract, reached $470 million in the quarter, up 554% year over year.
Management raised its full-year outlook, too. It now expects revenue of $260 million to $270 million in 2026, which it says represents organic growth of more than 100% year over year.
Meanwhile, the technology keeps advancing. During the quarter, IonQ sold its first 256-qubit, sixth-generation system to the University of Cambridge, completed the first commercial demonstration of two connected quantum computers, and published its blueprint for fault-tolerant quantum computing. The company also picked up a $39 million Space Development Agency contract during the period.
"We are now moving from component-level testing to integrated, system-level testing of the full 256-qubit quantum computer," said Chairman and CEO Niccolo de Masi in the company's first-quarter earnings release.
What the price already assumes Profits are another matter. IonQ technically reported first-quarter net income of $805.4 million under generally accepted accounting principles (GAAP), but that figure was swollen by non-cash fair-value adjustments on items like warrant liabilities and investments, not by the business itself. On an adjusted basis, the company lost $0.34 per share, and its adjusted EBITDA was a $96.8 million loss. For the full year, management expects an adjusted EBITDA loss of $310 million to $330 million. The balance sheet buys plenty of time, though. IonQ ended March with $3.1 billion in cash, equivalents, and investments, enough to fund losses at this year's expected pace for several years.
Valuation is the harder problem: At $13.35 billion, the market values IonQ at roughly 50 times the midpoint of its own 2026 revenue guidance. A price like that only works if triple-digit growth continues well beyond this year.
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After all, even a far lower multiple demands enormous expansion. To trade at 10 times sales at today's market value, IonQ would need about $1.3 billion of annual revenue -- about five times the midpoint of this year's guide. Reaching that by the end of 2029 would require compounding at close to 70% a year for three more years.
However, the guidance implies the growth is already decelerating beneath the annual figure. IonQ expects revenue of $65 million to $68 million in the second quarter of 2026, roughly flat with the first quarter. And hitting the full-year range implies quarterly revenue stays near that level for the rest of 2026. In other words, this year's extraordinary growth rate is mostly a comparison against a much smaller past, not a business that is still compounding quarter by quarter.
So, is IonQ worth $13 billion today? I don't have anywhere near the conviction to pay it. The growth is impressive, and the $3.1 billion war chest gives the company years of staying power. But quantum computing remains an early market whose commercial payoff may still be years away. And a 50-times-revenue price arguably assumes IonQ converts its head start into a long stretch of compounding sales.
If the company keeps topping its own guidance while losses hold near the planned pace (the second-quarter report due Wednesday, Aug. 5, is the first chance to show it), I could warm up to the stock. For now, I'll watch from the sidelines.
USA uvalily sankce na dvě íránské firmy kvůli údajnému pojistnému systému pro lodě v Hormuzském průlivu, který měl financovat IRGC. Platby podle ministerstva financí zahrnovaly Bitcoin i další digitální aktiva.
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two Iranian companies central to what it describes as an illicit insurance program targeting commercial ships navigating the Strait of Hormuz.
Announced on July 29, 2026, the designations target entities accused of compelling vessels to purchase coverage framed as protection against risks that Iran itself largely generates, while channeling proceeds toward the Islamic Revolutionary Guard Corps (IRGC).
The sanctioned firms are the Persian Gulf Marine Insurance Company (PGMIC) and HormuzSafe Marine Services Authority, also referred to as Hormuz Safe.
According to Treasury officials, these organizations facilitate IRGC-endorsed policies that vessels must obtain to pass through the strategic waterway.
The coverage supposedly addresses threats such as ship seizures, yet authorities emphasize that Iran is primarily responsible for creating those very dangers.
Payments under the arrangement have included Bitcoin and other digital assets, which the regime has used in efforts to circumvent international financial restrictions.
Hormuz Safe, developed under Iran’s Ministry of Economy, markets itself as a provider of digital maritime services encompassing insurance, traffic management, security, and emergency assistance for ships in the strait.
Treasury notes that it accepts cryptocurrency payments specifically to sidestep Western sanctions and generates funds on behalf of the IRGC, thereby enhancing the regime’s influence over regional shipping.
The company was promoted on social media by Babak Morteza Zanjani, an Iranian financier previously sanctioned by the United States.
PGMIC, established by Iran’s primary insurance regulator, the Central Insurance of the Islamic Republic of Iran, acts as a broker for policies approved by the Persian Gulf Strait Authority (PGSA).
The PGSA, an IRGC-linked body, had itself been designated by OFAC in May 2026 for providing material support to the Guard Corps.
Both newly sanctioned companies were targeted under Executive Order 13902 for their activities in Iran’s financial sector.
Treasury Secretary Scott Bessent highlighted the economic pressures facing Iran, stating that with the economy in freefall and inflation reaching triple digits, the regime is urgently seeking revenue sources.
He underscored that the United States will not permit Iran to leverage global commerce or shipping routes to finance IRGC activities involving terrorism, aggression, or internal repression.
In parallel actions, OFAC designated several companies and identified multiple tankers as blocked property for their roles in transporting Iranian crude oil and petroleum products.
These vessels form part of Iran’s shadow fleet, a network used to sustain oil revenues despite sanctions. Since the start of 2026, more than 100 such vessels have faced US designations.
The latest measures aim to reinforce military interdiction efforts and intensify pressure on Iran’s energy sector, aligning with broader maximum pressure policies.
The designations freeze any US-based assets of the targeted entities and generally prohibit American persons from engaging in transactions with them.
Foreign parties risk secondary sanctions exposure for dealings involving the designated firms or vessels.
Officials frame the insurance initiative as an attempt to replace revenues disrupted by prior operations, allowing Iran to extract funds under the appearance of legitimate maritime services while tightening control over one of the world’s critical energy transit points. These steps form part of ongoing U.S. efforts to disrupt Iran’s methods of generating income through the Strait of Hormuz and its associated logistics networks.
Whale Alert hlásí odliv 2 957 BTC z Kraken do neznámých peněženek, což znovu vyvolalo spekulace o akumulaci velkými investory. Binance top tradeři zároveň drželi za posledních 24 hodin 69,33 % long pozic.
Whale Alert reported two major Bitcoin transfers from Kraken totaling 2,957 Bitcoin [BTC], worth approximately $186.6 million, into unknown wallets. The first transaction moved 1,800 BTC valued at $113.56 million, while the second transferred 1,157 BTC worth $73.06 million.
Such withdrawals historically reflected coins leaving exchange custody, reducing immediately available trading supply instead of preparing assets for liquidation. Therefore, the latest movements revived discussion around institutional accumulation rather than short-term distribution.
Large investors often preferred self-custody or custodial wallets after acquiring significant positions, especially during periods of market uncertainty. However, exchange outflows alone never guaranteed sustained upside because broader market participation still determined price direction.
Even so, the combined size of these transfers highlighted renewed confidence among large holders and shifted attention toward whether tightening exchange balances would eventually support Bitcoin’s next directional move.
Why are Binance’s top traders still buying? Derivatives positioning continued favoring buyers despite Bitcoin’s recent pullback from higher levels.
At press time, Binance’s top trader accounts recorded 69.33% long positions against 30.67% shorts, producing a long-to-short ratio of 2.26 over the previous 24 hours. Those figures showed experienced participants maintained bullish exposure instead of aggressively rotating into defensive positions.
However, leveraged conviction alone rarely dictated price because futures traders frequently adjusted positions during volatile sessions. The persistent imbalance suggested many sophisticated traders still expected the broader trend to recover after the recent correction.
Retail sentiment often followed institutional positioning during similar market phases, making these metrics particularly relevant. If spot demand strengthens alongside bullish derivatives exposure, buying pressure could expand further. Otherwise, heavily long positioning could also increase the risk of liquidations during another sharp decline.
Source: CoinGlass Scarcity signals remained firmly intact Bitcoin’s long-term supply metrics continued supporting the broader scarcity narrative despite recent price weakness. The Stock-to-Flow Ratio stood at 917.24K as of writing, although it declined 28.57% over the past 24 hours.
Meanwhile, the Stock-to-Flow Reversion reached 1.6893 after rising 40.47% during the same period. Those daily changes reflected shifts in the model’s readings rather than fundamental changes in Bitcoin’s supply dynamics, indicating that Bitcoin remained a scarce asset relative to its annual issuance.
When combined with the latest 2,957 BTC leaving Kraken, the metrics continued supporting the view that long-term supply conditions remained constructive. However, investors would likely seek confirmation from price action before treating the accumulation narrative as the start of a sustained rally.
Source: CryptoQuant Bitcoin support under pressure? BTC failed to preserve its recovery structure after breaking below the ascending channel that had guided price higher since late June, shifting attention toward the $62,162 support level.
The rejection beneath $66,835 confirmed that sellers regained control before the breakdown accelerated. Parabolic SAR dots also flipped above the daily candles as of writing, reinforcing the bearish shift and indicating the previous uptrend had ended.
Meanwhile, the RSI declined to 46.23, slipping below its signal line at 51.22 and reflecting weakening buying strength without reaching oversold territory. This reading suggested bearish pressure remained dominant, although sellers had not yet reached exhaustion.
If Bitcoin reclaims $65,799 and closes back inside the former channel, buyers could target $66,835 before challenging $70,000. However, losing $62,162 would likely strengthen bearish control and increase the probability of a decline toward the $60,000 psychological support.
Source: TradingView Final Summary Kraken withdrawals reduced exchange-held Bitcoin while traders continued favoring long positions over shorts. Bitcoin’s scarcity metrics continued supporting the long-term outlook despite mixed 24-hour indicator changes.
Market news: Anthropic's annual revenue has risen to $80 billion, and is expected to exceed $100 billion by the end of August.
Market analyst Nick Dorsey revealed that Anthropic's annual recurring revenue (ARR) reached $80 billion as of mid-July, and at this pace, it may exceed $100 billion in ARR by the end of August. Nick Dorsey (@Midnight_Captl), a former global sourcing expert at Apple, focuses on investment analysis in the AI and semiconductor sectors.
12 minutes ago
The USD/JPY exchange rate fell 170 pips in the short term, breaking below the 156 level.
USD/JPY's decline widened to 170 pips within 15 minutes, marking its first break below the 156 level since May 6, with a daily drop exceeding 1%. Earlier, the United States and Japan said they would not hesitate to further coordinate foreign exchange market interventions.
12 minutes ago
CEO of crypto custody firm BitGo issues a 100 BTC challenge to Anthropic, accusing the latter of overhyping AI hacker risks.
Crypto custody firm Bitgo CEO Mike Belshe deposited 100 BTC into a public Bitcoin address on August 1, worth roughly $6.3 million at the time, and invited Anthropic’s Claude models to attempt to transfer funds out of the address. On-chain records show the wallet received the funds on July 31, and no transfers had been made from the balance as of August 2. Anthropic previously disclosed that 3 incidents were found during 141,006 cybersecurity assessment runs, with 6 assessment sessions involving 3 models accidentally interacting with real organizational systems. The models in question include Claude Opus 4.7, Claude Mythos 5, and an unreleased internal research model, stemming from configuration errors by third-party testing partner Irregular that allowed the test environment to connect to the internet. Belshe’s latest challenge targets Bitgo’s institutional custody platform, which uses multi-signature or multi-party computation technology to distribute signing authority across multiple independent keys. As of August 2, Anthropic has not publicly responded to the challenge.
12 minutes ago
South Korea's stock index extended its decline to 5%, with Samsung Electronics and SK Hynix seeing their losses widen to 8%.
According to Bitget market data, South Korea’s KOSPI index extended its morning session decline to 5%, with Samsung Electronics and SK Hynix seeing their losses widen to 8%.
12 minutes ago
HIP-3 decentralized exchange platform Paragon has acquired Unitree Technology’s ticker.
According to data from hl.eco, HIP-3 decentralized exchange Paragon acquired tickers UNITREE (from Unitree) and RDDT (from Reddit) in a recent HIP-3 auction for 577.66 HYPE. Currently, HIP-3 decentralized exchange Paragon has 12 stock contract trading pairs, with daily trading volume in the millions of U.S. dollars, and has been expanding continuously through frequent ticker auctions recently.
12 minutes ago
Saylor's Strategy moves 299.84 $BTC ($18.91M), hints at renewed selling after July $216M liquidation
Is Michael Saylor's @Strategy selling $BTC again? A wallet linked to #Strategy moved 299.84 $BTC($18.91M) 9 hours ago. The last time they moved $BTC was between July 1 and July 5. During that week, #Strategy sold 3,588 $BTC($216M).
Most na Ethereum Verus Protocol byl zneužit a útočník odcizil zhruba 7,44 milionu USD včetně ETH, tBTC, stablecoinů a MKR. Zneužití vycházelo z nesouladu v interpretaci notarizačních dat mezi Verus a Ethereum.
Blockchain security firm CertiK has noted that on July 23, 2026, an attacker successfully targeted the Ethereum cross-chain bridge of the Verus Protocol, extracting roughly $7.44 million in assets that included ETH, tBTC, various stablecoins, and MKR. The exploit hinged on a fundamental difference in how Verus and Ethereum processed notarization data.
CertiK added that by embedding malicious duplicate state-root entries within otherwise valid notarizations that were signed by legitimate Verus notaries and then forwarded to Ethereum, the attacker overwrote the trusted state root.
This allowed submission of a forged bridge import proof that authorized large withdrawals, even though the original export involved only a negligible 0.01 VRSC transfer.
A Verus notarization functions as a signed cross-chain checkpoint that sets the reference root used to validate subsequent transaction and export proofs.
It records details such as the system or currency involved, the notarization height, one or more proof roots (including system ID, chain height, state or proof root, block hash, accumulated power, and currency or converter state), a link to the prior notarization, and proposer or node information.
These roots draw from publicly available Verus and Ethereum chain data.
While anyone can propose or relay a candidate notarization, acceptance requires spending the correct notarization-thread UTXO and providing necessary consensus evidence.
Notary signatures form part of the public evidence that can be retrieved and relayed.
The attack unfolded in several stages. First, the attacker poisoned notarizations on the Verus network.
Starting from a genuine notarization, successive transactions spent the previous accepted output while secretly incorporating extra malicious state-root entries.
Verus processed the serialized roots by loading them into a vector and inserting them into a map, effectively overlooking the duplicates in its own view.
Legitimate notary software then validated the initial legitimate roots, after which notaries signed the full raw data—including the ignored malicious entries.
The attacker harvested these signatures via RPC calls and packaged them for use on Ethereum.
On the Ethereum side, the attacker relayed the notarizations through calls to the bridge’s setLatestData function.
During deserialization, the proof roots were processed in a loop that overwrote the state root for every matching system ID entry.
Consequently, the genuine Verus root was replaced by the attacker-controlled value.
With this compromised root in place, the attacker initiated a minimal 0.01 VRSC export request through the Bridge.vETH contract, which the converter and associated pool processed into a batch transfer.
Finally, a crafted submitImports call on Ethereum used a fabricated hashtransfers value matching the desired large drains, along with adjusted input counts and selectively reused proof components.
The remaining elements of the Merkle Mountain Range proof were constructed so that the final root matched the previously injected malicious state root.
The core vulnerability stemmed from inconsistent cross-chain semantics: Verus interpreted the notarization bytes as containing a valid genuine checkpoint, while Ethereum treated the same data as establishing an attacker-controlled one.
Once Ethereum accepted the false root, any export proof derived under it passed verification.
CertiK further explained that an additional shortcoming in the Ethereum bridge contract was the absence of checks confirming that the requested payout amount matched the value actually exported on Verus.
A fabricated hashtransfers field proved sufficient to clear the relevant verification.
After the drain, the attacker converted the stolen assets into approximately 2,778.87 ETH through a relay service and deposited the proceeds into Tornado Cash.
Blockchain security firm CertiK also mentioned that the episode underscores the risks inherent in cross-chain systems where subtle differences in data interpretation between chains can enable significant losses, highlighting the need for stricter consistency checks and amount-validation logic in bridge designs.
XRP-backed exchange-traded funds (ETFs) pulled in $27.29 million in July, marking a fourth straight month of net inflows.
The token itself trades near $1.08, down roughly 40% since the start of the year, in line with a generally poorly preforming crypto market. But many expect intuitional money and these products to be bolstering XRP, and others.
Instituional MoneyCumulative XRP ETF inflows now sit near $1.5 billion, the largest total among altcoin products. The price keeps sliding anyway.
XRP funds have ranked first or second in monthly inflows since April, without barely any outflows. Inflows ran $81.59 million in April, $131.94 million in May, $59.46 million in June, and $27.29 million in July, showing the pace has cooled even as the streak holds.
XRP ETF inflows have had an impressive run of inflows even with the price falling. Image Source: Coin Glass That steady buying stands out against a market where fresh capital keeps concentrating in a handful of tokens. Several smaller altcoin funds recorded no net flows in July. XRP kept adding, even at a slower pace.
Why the Price Isn’t Following the FlowsSteady ETF demand alone hasn’t lifted XRP’s price. Some of the pressure traces to a specific seller. Grayscale chief executive Peter Mintzberg filed to sell XRP ETF shares he acquired before the fund’s listing. He priced the sale at $20.45 a share, about half what earlier Grayscale insiders got in January.
Momentum indicators tell a similar story. XRP recently hit its most oversold readings on record. Traders remain split on whether the sell-off has finished.
Competition for capital plays a role too. Solana funds have pulled in about $1.15 billion since launch, edging back into second place in July. Hyperliquid funds added roughly $293 million in May and June before posting a first monthly outflow in July.
Bitcoin (BTC) and Ethereum (ETH) funds still dominate the category. They pulled in $172 million and $365 million in July, respectively.
Steady ETF buying shows institutional appetite for XRP has not faded. Whether that demand eventually lifts the price may depend on the broader altcoin market finding its footing first.
CEO Redditu Steve Huffman kritizuje Google AI Overviews a tvrdí, že lidé chtějí Reddit, ne shrnutí. Zvažuje i ukončení licenční smlouvy s Googlem za 60 milionů USD.
Reddit’s CEO has begun airing his concerns about Google’s AI Overviews search feature.
That’s according to a report Saturday (Aug. 1) from Ars Technica, which said Steve Huffman addressed this issue in his latest letter to investors, arguing for Reddit’s function as “the antidote to an automated web” as artificial intelligence tools proliferate.
“AI compresses the internet into summaries,” he wrote. “Reddit delivers the opposite: deep discussions, passionate debates, and lived experiences. People don’t want a summary of Reddit; they want Reddit.”
Huffman added that while AI has made information more abundant, it has become more challenging to find context, personal opinion and first-hand accounts to help.
The Ars Technica report also cited comments Huffman made when Reddit released its latest earnings last week:
“What we see is, 10 blue links has driven tremendous value and growth to the broader ecosystem … from where we sit, AI Overviews has yet to make a similar level of positive impact, and I think that’s consistent across the broader landscape, right? As businesses, publishers, retailers, we’re still looking for that win-win.”
Ars Technica also points to recent reporting from The Wall Street Journal saying that Reddit was considering ending its $60 million licensing deal with Google.
The report also cited a 2025 Pew Research study which found that Google’s AI Overviews cut referrals to sites like Reddit by nearly half compared to the “10 blue links” system, but added that Google had been diverging from that arrangement before AI Overviews was in the picture.
A spokesperson for Google told Ars Technica the Pew study used a flawed methodology and skewed queryset that is not representative of Search traffic. The search giant later published a blog post which said that its “total organic click volume from Google Search to websites has been relatively stable year-over-year.”
Google in May introduced what it deemed its largest upgrade to Search in more than 25 years, a redesigned interface accepts text, images, documents, video and open browser tabs and replies with synthesized answers instead of a ranked list of links.
Meanwhile, June brought reports that Google was losing ground to other tech companies as some consumers seek to avoid AI-powered search, while other consumers are forgoing traditional search to get their answers from AI.
This is happening as AI is becoming a “mass habit” for consumers through small, repeatable everyday tasks, according to the PYMNTS Intelligence report “The AI On-Ramp: Data Shows How Everyday Tasks Build Consumer Habits.”
For all PYMNTS AI coverage, subscribe to the daily AI Newsletter.
EUR/USD testuje dlouhodobou klesající trendovou linii, protože možné další intervence na jenu tlačí dolar níž. Nad touto rezistencí by se mohl potvrdit obrat trendu.
Joint intervention distorts dollar's strongest macro relationships EUR/USD tests January downtrend amid intervention threat Euro area data surprises strongest since early 2023 July payrolls to decide if dollar weakness persists EUR/USD is testing long-running downtrend resistance in early Asian trade on Monday, reacting to an artificial, and potentially temporary, slide in the dollar late last week. Rather than the economic calendar or technicals, it's likely the Japanese yen that determines whether resistance holds or snaps, with the threat of further joint intervention by Japanese and US authorities likely to dominate proceedings.
Yen intervention remains the dominant FX driver Markets widely expect Japan to announce on Monday that it coordinated with the US to support the yen last week, marking the first joint intervention by the two nations in decades. But the bigger question is whether authorities have finished.
As outlined in our USD/JPY week ahead report released over the weekend, prior intervention episodes suggest there's a strong chance of further action should yen weakness re-emerge. With USD/JPY already rebounding from the earlier session lows, the risk of additional intervention cannot be overlooked on Monday.
That points to further artificial downside in the dollar, driven by factors other than fundamental market forces. Should the intervention episode continue, it would likely provide another tailwind for EUR/USD, increasing the risk the recent rebound extends further.
However, whether that weakness lasts beyond the short term is another matter entirely. A heavy slate of US economic data, including Friday's non-farm payrolls report, will likely determine whether the move can grow into something more sustainable.
Traditional dollar relationships weaken
Source: TradingView
Assessing whether dollar weakness can be sustained is more difficult because some of this year's strongest relationships have weakened sharply over the past week. Over the past month, the US Dollar Index has continued to display a reasonably strong relationship with the Fed funds futures curve, reflecting market expectations for Fed rate hikes between June this year and June next year, along with US two-year Treasury yields, with 20-day correlation coefficients of 0.62 and 0.65 respectively.
However, over the past five sessions those relationships have deteriorated sharply. The correlation with the Fed funds futures curve has fallen to just 0.29, while the relationship with US two-year Treasury yields has weakened to only 0.14. Correlations with other drivers, including energy prices, have also deteriorated over the same period.
While month-end flows may explain part of the shift, the intervention episode unfolding in Japan also appears to be distorting the broader market message. What has driven the dollar for much of this year isn't necessarily what's driving it right now.
Euro data turns a corner
Source: LSEG Workstation
While intervention may be helping propel EUR/USD higher in the short term, it's not the only factor at work. Euro area economic data has staged a remarkable turnaround in recent months, with the Citi Economic Surprise Index, which measures whether data is beating or missing economists' forecasts, rebounding sharply from the lows seen during the early stages of the Iran conflict.
The recovery has been nothing short of V-shaped. Having languished in deeply negative territory in April, the index has surged to its highest level since early 2023, pointing to a growing prevalence of upside surprises across the euro area. Friday's inflation report only reinforced that trend, with both headline and underlying inflation accelerating, strengthening the case for another ECB rate hike.
By contrast, while the US economy continues to outperform, it is finding it harder to deliver upside surprises relative to elevated market expectations. That suggests EUR/USD's rebound is not solely a by-product of intervention-driven dollar weakness, with improving relative fundamentals also helping underpin the move.
The calendar takes a back seat
Source: TradingView
Speculation surrounding further intervention, along with the associated flows through the Japanese yen, are likely to remain the dominant influence on EUR/USD during Monday's session. As a result, the economic calendar may struggle to generate sustained moves unless it delivers a surprise.
Of the scheduled releases, US ISM services PMI looks the most likely candidate to spark a fundamentally driven move, although even that may be giving it too much credit in the current environment. The US Treasury's quarterly refunding announcement will also attract attention, but it's typically Wednesday's release detailing the composition of debt issuance that has the greater market impact.
The Senior Loan Officer Opinion Survey rounds out the calendar. While it has influenced markets before, it's a backward-looking report and, against this unique backdrop, its ability to generate meaningful volatility looks extremely limited.
Trendline showdown
Source: TradingView
Looking at EUR/USD on the daily timeframe, the technical stakes today are high with the pair now trading through downtrend resistance that's been in place since the highs set in late January.
The descending triangle structure that had contained price action last week was shattered following the Fed decision last Wednesday, delivering a breakout that saw EUR/USD push not only through former resistance at 1.1480, but also the 50-day simple moving average, extending the move into a test of the long-running downtrend. That becomes the key level to watch today, along with the 100-day simple moving average sitting marginally above at 1.1569.
A clean break and close above the trendline would strengthen the view that a trend change may be taking place, opening the door towards the 23.6% Fibonacci retracement of the January 2025 to January 2026 bull move at 1.1633, which also coincides with the 200-day simple moving average. Beyond that, 1.1670 is the next level to watch, with a break above opening the door towards 1.1800 and 1.1850.
On the downside, should the downtrend continue to cap gains, a reversal back towards the confluence of the 50-day simple moving average and former resistance at 1.1480 may be on the cards. A break beneath that would open the door for a retest of the support zone comprising the 38.2% Fibonacci retracement of the January 2025 to January 2026 bull move, horizontal support at 1.1364, and the June 24 swing low at 1.1325.
The oscillators continue to favour further upside. RSI (14) continues to push above the neutral 50 level without entering overbought territory at 64, while MACD has confirmed the bullish signal with a crossover above the signal line and a move back into positive territory. However, that message comes with the caveat that artificial factors have played a significant role in the latest bout of euro strength.
IBM očekává, že kvantové počítání začne mít měřitelný dopad na výnosy i zisk v letech 2028 nebo 2029. Společně s Algorithmiq zároveň oznámila výzkum o „kvantové výhodě“.
IBM’s CEO says quantum computing will soon be a source of growth for the company.
“I think that in 2028 or 2029, you’ll see it have a measurable impact on our top line and bottom line,” Arvind Krishna said in an interview with CNBC last week. “By the end of the 2030s, we are now pretty convinced this is a trillion dollars of value.”
His comments came the same day IBM and startup Algorithmiq announced new research showing what the companies dubbed “quantum advantage.”
This research “demonstrates that quantum computers can provide trusted solutions more efficiently, more cheaply, or more accurately than leading classical compute methods — which has long been considered a key milestone in the field,” the companies said.
Krishna told CNBC his company’s quantum computer uncovered behaviors in materials that researchers had not been able to record using conventional computing, and that these findings could someday produce things like better batteries and advances in medicine.
“A quantum computer can do things better, faster, cheaper, in a way that normal classical computers cannot do at this time,” Krishna said.
The report added that although skeptics contend quantum computing is years away from having commercial benefits due to challenges like hardware complexity and scalability, Krishna said IBM had begun seeing meaningful movement toward real-world applications.
The company in April unveiled two new hubs for developing artificial intelligence and quantum computing projects, one in Illinois and the other in collaboration with the Massachusetts Institute of Technology in Cambridge.
Weeks later, the U.S. Department of Commerce announced its intent to provide $2.013 billion in federal incentives to nine companies to support quantum computing efforts, with IBM getting nearly half of that money.
This is happening amid debate about the security implications of quantum computing. Research from Google published earlier this year found that quantum computers capable of breaking encryption could arrive by 2029, much sooner than earlier forecasts putting that development at up to a decade away.
“We want to raise awareness on this issue and are providing the cryptocurrency community with recommendations to improve security and stability before this is possible, including transitioning blockchains to post-quantum cryptography (PQC), which is resistant to quantum attacks,” Google researchers said in a report in March.
As PYMNTS wrote at the time, this assertion goes against a popular narrative that decentralized systems are inherently more resilient.
Google’s analysis underscores a structural imbalance, the report said: Traditional financial institutions can quietly update their cryptographic infrastructure, while public blockchains are bound by “transparency, immutability and social consensus.”
Toyota čeká pátý po sobě jdoucí pokles provozního zisku; pro duben až červen se odhaduje 1,11 bilionu JPY, tedy o 5 % méně meziročně. Zemětřesení v jižním Japonsku navíc zastavilo výrobu ve čtyřech domácích závodech.
Toyota logo on display at the 47th Bangkok International Motor Show 2026, in Bangkok, Thailand, March 24, 2026. REUTERS/Athit Perawongmetha/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesLSEG median estimate sees April-June operating profit at 1.11 trillion yen, down 5% year on yearToyota and Lexus global first-quarter sales fall 3% to just over 2.5 million unitsQuake prompts halt at three regional plants through Wednesday and another in central Japan through FridayTOKYO, Aug 3 (Reuters) - Toyota (7203.T), opens new tab is forecast to post a fifth straight quarterly operating profit decline this week, hit by weaker vehicle sales and rising costs, as investors gauge the impact of last week's earthquake in southern Japan.
The world's biggest automaker is expected to report 1.11 trillion yen ($7.04 billion) in profit for the April-June quarter on Tuesday, down 5% from a year earlier, according to the median estimate of eight analysts surveyed by LSEG.
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Analysts said weaker sales volumes in some overseas markets and rising costs across the supply chain linked to the conflict in the Middle East likely weighed on earnings during the period.
Global sales of Toyota and Lexus vehicles fell 3% to just over 2.5 million units in the first quarter, with sharp declines in China and the Middle East outweighing modest growth in the United States.
Investors will also be looking for clues on the fallout from a deadly earthquake that struck Japan's Kyushu island last week, disrupting production at suppliers and forcing Toyota to halt output at four domestic plants.
Toyota has suspended production at three plants in the region through Wednesday and halted output at another plant in central Japan through Friday. Two of the four plants are vehicle assembly sites.`
The uncertainty was highlighted on Friday when supplier Aisin (7259.T), opens new tab said it could not say when output at a damaged plant near the quake's epicentre would resume. About 200 people were working on recovery efforts at the site.
Global sales in the quarter were dragged down by a 28% decline in China and a one-third drop in the Middle East.
"The first quarter could be a bit tougher than expected," said Christopher Richter, autos analyst at CLSA, adding that sales volumes appeared weaker than expected during the quarter.
Richter said Toyota had also posted weak sales in Oceania and Latin America, where BYD (002594.SZ), opens new tab and other Chinese brands are expanding aggressively.
Toyota's sales in Oceania fell 16%, while those in Central and South America were down 5%.
The conflict in the Middle East, which began in late February, has pushed up prices for materials including aluminium and naphtha and disrupted vehicle shipments to the region, analysts have said.
Toyota has also faced pressure on U.S. sales from the transition of its outgoing RAV4 sport utility vehicle to a redesigned version of one of its best-selling models globally.
Richter said investors would be keen to hear details about when the company expects the model's sales to accelerate.
Analysts will also be looking for any change to Toyota's 3 trillion yen operating profit forecast for the current financial year, particularly as higher material costs and earthquake-related disruptions cloud the outlook.
($1 = 157.5700 yen)
Reporting by Daniel Leussink; Editing by Saad Sayeed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Daniel Leussink is a correspondent in Japan. Most recently, he has been covering Japan’s automotive industry, chronicling how some of the world's biggest automakers navigate a transition to electric vehicles and unprecedented supply chain disruptions. Since joining Reuters in 2018, Leussink has also covered Japan’s economy, the Tokyo 2020 Olympics, COVID-19 and the Bank of Japan’s ultra-easy monetary policy experiment.
Solana spustila na mainnetu upgrade SIMD-0286, který zvýšil limit z 60 milionů na 100 milionů compute units na blok a zlepšil propustnost o 66 %. Analytici zároveň sledují býčí technickou strukturu a mluví o cílech až 1 000 USD.
Solana (SOL) is gaining renewed momentum as market analysts point to a strong technical formation and the network rolls out a major upgrade designed to boost scalability and efficiency. The convergence of positive price signals and upgraded infrastructure could reinforce Solana’s position as one of the market’s leading blockchains and attract new participants to its ecosystem.
Analysts point to bullish technical structureAt $72.88, Solana’s price reflects relatively stable trading over the past day, backed by a 24-hour trading volume of $1.32 billion and a total market capitalization of $42.35 billion. Many technical analysts are focusing on a breakout-and-retest pattern in SOL that has historically preceded major rallies.
Crypto Patel, a well-followed cryptocurrency analyst, identified a macro structure in Solana’s price chart that he believes resembles setups seen in 2021 and 2023—both of which were followed by price surges of approximately 2,500% and 3,600% respectively. While previous moves do not guarantee a repeat, these recurring formations are drawing increased interest from traders.
A group of market analysts emphasize the $40 to $70 range as a critical accumulation zone for SOL. As long as support holds above this level, price targets of $300, $500, $700, and even $1,000 are being circulated within the trader community. However, should SOL close below $25 on lower timeframes, a bearish reversal is likely to be triggered.
LevelPotential Trend$25 (closed below)Bearish scenario$40–$70Accumulation/support zone$300, $500, $700, $1,000Upside targets Crypto Patel notes that historical macro breakout patterns in Solana have preceded significant rallies, with previous instances in 2021 and 2023 leading to multi-thousand percent gains.
Major mainnet upgrade enhances network scalabilityThe Solana Foundation has announced the successful deployment of 100 million compute unit (CU) blocks on its mainnet, increasing the network’s maximum capacity from 60 million to 100 million compute units per block. This technical upgrade, implemented through the SIMD-0286 proposal, improves the blockchain’s throughput by 66%.
Developers and decentralized applications (DApps) operating within the Solana ecosystem are expected to benefit from this greater computational capacity and improved efficiency. The foundation stated that these changes are designed to support higher network demand and optimize resource allocation for developers.
By enhancing performance and scaling capacity, the upgrade is intended to position Solana for broader adoption and further development of its ecosystem.
Mini dictionary: SIMD-0286, also known as “Solana Improvement Document 0286,” is a technical proposal that increases the block size of Solana by raising the allowed compute units per block, thereby enhancing overall network throughput and efficiency.
The Solana Foundation highlights that the 100 million compute unit upgrade raises mainnet block limits by 66%, promising faster and more scalable operations on the blockchain.
Outlook and market sentimentThe path ahead for SOL will depend on price movement at key support levels and whether the current bullish technical setup is confirmed by further market activity. Improved network performance could fuel growing participation in the Solana ecosystem, potentially reviving demand for SOL among traders and developers.
However, Solana’s future remains influenced by overall crypto market volatility and investor sentiment. Analysts caution that while substantial upside may be possible, there are risks if critical support is lost. Market observers continue to monitor SOL for confirmation of a decisive move in either direction.
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.
XRP ETF vedly týdenní přílivy s čistým přílivem 15 milionů USD, zatímco Bitcoin fondy měly odliv 0,6 milionu USD a Solana fondy 17 milionů USD. XRP spot ETF od spuštění nasbíraly zhruba 775,5 milionu USD.
XRP-focused exchange-traded funds (ETFs) posted the highest net inflows among digital asset investment products last week, drawing $15 million while Bitcoin and Solana-related funds faced outflows. Data provided by market analyst CarpeNoctom indicates a shift in investor behavior, with capital increasingly concentrated in select assets rather than spread uniformly across the crypto market.
XRP ETFs surpass Bitcoin and Solana productsWhile XRP ETFs brought in $15 million in net inflows, Bitcoin ETFs recorded outflows of $0.6 million, and Solana funds experienced an even steeper drop with $17 million in outflows. Ethereum ETFs, on the other hand, maintained a minor positive trend, with $0.4 million in weekly net inflows.
This divergence highlights a more selective investor approach, as net inflows were not evenly distributed. In direct comparison, Solana has seen significant ecosystem growth and increased developer activity, yet its investment products faced the largest weekly decline among the major assets tracked.
XRP’s outperformance in the ETF segment reflects growing interest from institutional investors, aided by expanded access to regulated investment vehicles in several jurisdictions. Enthusiasm surrounding Ripple’s ongoing efforts to develop its ecosystem has also been credited with bolstering investor sentiment for XRP products.
XRP spot ETFs have now accumulated approximately $775.5 million in total net inflows since launch, demonstrating persistent institutional and retail support despite broader market shifts.
Strong momentum and accumulation trendsThe strongest inflows were recorded on July 31, when XRP spot ETFs saw $7.11 million in net new capital. This surge followed a $5.57 million inflow on July 30, which means nearly $12.7 million entered XRP ETFs during just two consecutive trading days. These concentrated inflows suggest that institutional interest intensified at the end of the week, rather than accumulating steadily over time.
There were no instances of notable outflows during the week. Instead, XRP ETFs only saw either net additions or a neutral stance, signaling consistent investor commitment. Prior to the final two days, inflows remained positive but more measured—such as $547,000 on July 29 and $533,000 on July 27. Gains of $5.09 million on July 21 and $2.27 million on July 20 underscore an accumulation trend rather than a pattern driven by short-lived speculative trading.
Selective investment focus and innovative accessThese shifts illustrate how demand is becoming more targeted within the crypto investment sphere. Products tied to major coins may no longer respond in unison to broad market sentiment, and investors are making more strategic choices based on perceived fundamentals and ecosystem growth.
Given the importance of closely tracking both asset flows and access points, platforms like 1stepSwap have started to play a larger role. By enabling the direct transfer of real-world assets, such as shares of major U.S. companies and precious metals like gold and silver, onto the blockchain, 1stepSwap offers investors direct exposure through their wallets without requiring intermediaries or complex steps. Its standout feature includes real-time price discovery across markets, making it possible to buy or sell leading stocks within seconds while securing the most competitive rates and broadening portfolio diversification.
If the influx into XRP ETFs remains on this trajectory, their dominance within the expanding digital asset investment landscape could further solidify in the coming weeks.
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.
SoundHound AI Inc (SOUN -0.16%) is scheduled to report second-quarter earnings on Aug. 5. The company is in dire need of a positive update.
Since the start of 2026, SoundHound AI shares have lost more than 40% of their value. And yet Wall Street analysts remains remarkable bullish on the artificial intelligence stock.
Four analysts actively cover SoundHound AI, all of whom rate the stock a “buy.” Their average price target is $12.75, suggesting more than 100% upside over the next 12 months.
The most bullish analyst is Thomas Blakely of Cantor Fitzgerald. He has a $15 price target — one he reaffirmed on May 8, when the stock hovered near $9 per share. SoundHound AI stock has lost around 30% since then, but Blakely apparently remains as bullish as ever.
In the past, Blakely has been particularly excited about SoundHound AI’s ability to cross-sell its expand product portfolio to existing customers.
"SoundHound AI has executed very well, in our view, cross-selling and upselling voice and conversational AI services to its installed base, as well as expanding fully automated voice volumes related to its acquisition of (enterprise AI company) Amelia in late summer 2024," he detailed in a recent note to investors.
Indeed, SoundHound AI’s latest investor presentation heavily references the company’s ability to sell compatible solutions to customers across a wide range of verticals.
But is SoundHound AI actually making progress on this front? There are two major numbers I’ll be monitoring during the upcoming earnings release to gauge the company’s success (or lack thereof).
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Here’s what to watch for during SoundHound AI’s earnings callWall Street remains bullish on SoundHound AI largely because analysts believe the company can accelerate the cross-selling of products to existing customers. This would not only accelerate sales growth beyond simply acquiring new customers but also boost margins, as selling to existing customers usually doesn’t involve the high costs of acquiring new customers.
Given this, the two numbers I’ll be tracking closely are revenue growth and net margins.
Image source: Getty Images
For 2026, SoundHound AI is guiding for revenue of $225 million to $260 million. If realized, that would imply a year-over-year growth rate between 33% to 54%.
On average, analysts are predicting growth of just 37.4%. Next year, sales growth is expected to be just 16.9%. If the pace of cross-selling is successful, we could easily see SoundHound AI beat these estimates, likely resulting in upside to today’s stock price.
Margins should prove just as critical as sales growth. Analysts expect a $0.13 loss per share this year. In 2027, a $0.18 per share loss is expected. SoundHound AI has ramped up its acquisition activity recently, including a $43 million deal to acquire LivePerson.
That deal is expected to close by the end of the year. While these acquisitions enhance SoundHound AI’s cross-selling potential, they will also increase operational costs, adding more pressure on margins.
SoundHound AI continues to grow sales at an impressive pace. But profitability remains elusive. While I don’t expect the company to reach profitability in 2026 or 2027, improved margins would go a long way in regaining the market’s confidence. A lower share price increases the dilutive pressure of future capital raises.
As simple as it sounds, SoundHound AI’s quarterly earnings report will be headlined by top-line sales growth and the trajectory of its path towards profitability. Expect shares to react positively or negatively based on what’s revealed later this week.
NuScale Power oznámí výsledky za druhé čtvrtletí po uzavření trhu 5. srpna. Trh čeká na pokrok u 6GW projektu pro Tennessee Valley Authority, který by mohl snížit nejistotu kolem firmy.
NuScale Power Corp (SMR -2.09%) is scheduled to report second-quarter earnings after market close on Aug. 5. The stakes are high.
So far this year, NuScale’s stock price has plunged in value by nearly 50%. The nuclear energy stock now has a market cap of just $3 billion.
And yet analysts from Bank of America believe nuclear energy will be a $10 trillion opportunity over the long term. And NuScale’s small modular reactors, or SMRs, are an ideal solution for the rising energy needs of the artificial intelligence industry.
Why the disconnect between NuScale’s current valuation and its lucrative long-term growth potential? The answer is simply execution risk.
Right now, only a handful of SMR systems operate globally. And while NuScale remains the only company in the U.S. cleared by regulators to build an SMR nuclear facility, it has yet to break ground on any commercial project.
Despite NuScale’s promising technology and project backlog, the market remains skeptical as to whether these projects will ever see the light of day and translate into real revenues and cash flows. The skepticism is reasonable, given that NuScale has repeatedly experienced delays and even outright cancellations of major projects in the past.
If uncertainty surrounding NuScale’s ability to execute on its project pipeline remains the biggest drag on its stock price, this week’s earnings call has the potential to send shares soaring.
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This catalyst could send NuScale Power’s stock price soaringNuScale has several promising projects in its pipeline. Arguably, the most valuable and near-term, however, is its 6 GW system intended for the Tennessee Valley Authority, a major U.S. utility.
This project was announced last September. But meaningful updates have been scarce since the initial announcement. Last September, NuScale’s stock price spiked to $47. Today, shares are priced below $10. A positive update on this project could, therefore, give NuScale shares a much-needed lift.
Image source: Getty Images
Fortunately, there’s a good chance that NuScale will deliver positive news on the project this year. The next catalyst is expected to be the signing of a power purchase agreement, or PPA. A PPA would essentially commit the customer to purchasing power from the project at a certain price for years to come. In short, it would ensure NuScale the revenue stream needed to justify the start of construction.
If a PPA is signed this year, uncertainty surrounding NuScale’s business should drop significantly. Not only would a PPA make it much more likely that the project would move into the construction phase, but it would also clarify uncertainties regarding NuScale’s future financing. It would also add another boost of social validation for NuScale’s technology and go-to-market approach.
"We're hopeful that TVA can come across the line at some point later this year," NuScale's CFO revealed in May, referring to the potential of signing a PPA with the Tennessee Valley Authority.
It’s more likely that an update will come later this year during subsequent earnings calls. But if NuScale’s CFO is accurate in his predictions, the news could break at any time. And given the magnitude of such an announcement, investors looking to gain exposure to the nuclear renaissance, or potentially simply add to their NuScale position at a lower cost basis, may be wise to act sooner rather than later.
CFO společnosti Planet Labs Ashley Johnson prodala přibližně 110 000 akcií za 2,4 milionu USD v rámci předem nastaveného plánu 10b5-1. Po transakci jí zůstává zhruba 1,1 milionu přímých a 561 000 nepřímých akcií.
Ashley F. Johnson, President and Chief Financial Officer of Planet Labs PBC (PL +1.29%), sold ~110,000 shares of Class A Common Stock on July 23, 2026, for a total value of $2.4 million, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$2.4 millionShares sold~110,000Shares sold (directly held)75,035Shares sold (indirectly held)34,993Post-transaction shares (directly held)~1.1 millionPost-transaction shares (indirectly held)~561,000Post-transaction value$37.87 millionInsider ownership0.51%Transaction value based on SEC Form 4 weighted average sale price ($22.08); post-transaction value based on July 23, 2026 market close ($22.36).
Key questionsWhat is the context for this transaction?
The sale was conducted as part of routine portfolio management under a Rule 10b5-1 trading plan established on April 23, 2026. This regulatory framework allows insiders to schedule stock sales in advance to avoid concerns regarding the possession of material non-public information.How has the company performed financially leading up to this trade?
Planet Labs reported a 226% one-year return as of the July 23, 2026 transaction date. During the most recent trailing-twelve-month period, the company generated $335.6 million in revenue while recording a net loss of $373.1 million.What is the status of the executive's remaining equity position?
Following this transaction, Johnson retains a significant interest in the company, including ~1.1 million shares held directly and ~561,000 shares held indirectly through a revocable trust. The directly held position includes 1,132,122 restricted stock units (RSUs) that are scheduled to vest in quarterly installments through December.Company OverviewMetricValueShare Price (as of market close 2026-07-23)$22.36Market Capitalization$6.9 billionRevenue (TTM)$335.6 millionNet Income (TTM)-$373.1 millionCompany SnapshotPlanet Labs designs, deploys, and operates extensive satellite constellations that deliver frequent, high-resolution geospatial imagery and data to customers worldwide through a proprietary cloud-native platform.The company generates revenue through subscription-based access to its satellite imagery and geospatial analytics platform, leveraging its proprietary technology stack to process and integrate temporal data for advanced analytical applications.Planet Labs serves government agencies, commercial enterprises, and institutional customers requiring real-time geospatial intelligence for applications spanning agriculture, urban planning, disaster response, and defense and security operations.Planet Labs PBC operates as a leading provider of frequent, global geospatial data through its constellation of Earth-imaging satellites. The company's differentiated competitive position derives from its extensive satellite network, proprietary cloud-native processing infrastructure, and ability to deliver sub-meter resolution imagery at unprecedented temporal frequency.
With a market capitalization of $6.9 billion, Planet Labs is scaling its commercial and government customer base while advancing its technological capabilities in satellite operations and geospatial analytics.
What this transaction means for investorsThe July 23 sale of Planet Labs stock by CFO Ashley Johnson for a weighted average price of $22.08 occurred during a time when shares were on the decline, having fallen substantially from a 52-week high of $51.76 reached in May. The drop was due in part to the company’s plan to sell up to $1.5 billion Class A shares, a large equity offering that prompted dilution concerns among shareholders.
The CFO’s disposition combined with other insider sales also added to a Planet Labs stock sell-off. That said, her July 23 transaction does not appear to raise red flags for investors, given it was a non-discretionary transaction executed as part of a pre-established Rule 10b5-1 plan.
Moreover, Johnson retained more than one million directly-held shares post-transaction, and over half a million indirectly-held stock in a trust. This demonstrates she maintains a sizable equity position, ensuring her continued alignment with shareholder interests.
Robert Izquierdo has positions in Planet Labs PBC. The Motley Fool has positions in and recommends Planet Labs PBC. The Motley Fool has a disclosure policy.
AstraZeneca podle FT jedná s Bristol Myers Squibb o možném spojení, které by vytvořilo jednu z největších farmaceutických skupin světa s hodnotou téměř 400 miliard USD.
Test tubes are seen in front of a displayed Bristol Myers Squibb logo in this illustration taken, May 21, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesAug 2 (Reuters) - UK drugmaker AstraZeneca (AZN.L), opens new tab has been exploring a deal to combine with U.S. rival Bristol Myers Squibb (BMY.N), opens new tab, the Financial Times reported on Sunday, citing people familiar with the matter.
The deal could create one of the world's biggest pharmaceutical groups with a combined value of nearly $400 billion.
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The companies have held talks on a potential tie-up in recent months, the report said, adding that a deal could materialise soon, but could also be delayed or fall apart.
Reuters could not immediately verify the report. AstraZeneca declined to comment, while Bristol Myers did not immediately respond to a Reuters request for comment outside regular business hours.
Last year, AstraZeneca unveiled plans for a direct U.S. listing, aiming to capitalise on stronger valuations in the U.S. market while remaining listed in London.
The company's share price has more than quadrupled during Pascal Soriot's 14-year tenure as CEO, soaring above the wider FTSE 100 index and main British rival GSK (GSK.L), opens new tab.
Second-quarter results last week showed strong demand for cancer and rare disease drugs continues to drive growth. Cancer treatments accounted for about $25 billion in 2025 sales, nearly half of the total, followed by cardiovascular, renal and metabolism treatments worth about $12 billion.
The report of the potential deal comes about a dozen years after AstraZeneca fended off a takeover attempt by larger U.S. rival Pfizer (PFE.N), opens new tab.
Reporting by Devika Nair in Bengaluru and Mi; Editing by Paul Simao and Bill Berkrot
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Prysmian je podle agentury Bloomberg v pokročilých jednáních o koupi americké společnosti Atkore v hotovostní transakci. Dohoda může být oznámena v příštích dnech.
Aug 2 (Reuters) - Italian cable maker Prysmian (PRY.MI), opens new tab is in advanced talks to acquire U.S. electrical products maker Atkore (ATKR.N), opens new tab, Bloomberg News reported on Sunday, citing people familiar with the matter.
Prysmian is putting the final touches on an all-cash deal for Atkore that could be announced in the coming days, the report said.
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Reuters could not immediately verify the report. Prysmian declined to comment, while Atkore did not immediately respond to a request for comment outside regular business hours.
Milan-based Prysmian generates about 40% of its revenue from North America, where a favourable supply-demand balance has supported growth.
Last month, Prysmian signed a long-term fiber-optic cable supply agreement with Molex worth up to €5.5 billion ($6.35 billion), as the company ramps up investments to capitalize on AI-driven demand from data centers.
Atkore, which makes electrical, safety and infrastructure products, supplies solutions used in construction, power, data center and telecommunications projects worldwide.
($1 = 0.8660 euros)
Reporting by Abu Sultan in Bengaluru; Editing by Edmund Klamann and Paul Simao
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Chairman and CEO Ari Bousbib reported a sale of about 106,000 shares of IQVIA Holdings Inc. (IQV -1.17%) for total proceeds of $26.1 million in an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value~$26.1 millionShares sold~106,000Post-transaction shares (total)~1.4 millionPost-transaction shares (directly held)~836,000Post-transaction shares (indirectly held)~543,000Post-transaction value~$341.45 millionTransaction value based on SEC Form 4 weighted average sale price ($245.51); post-transaction value based on July 29, 2026 market close ($247.56).
Key questionsWhat was the structure of this disposition?
The transaction was an exercise-and-sell of stock appreciation rights expiring in February 2027, where 106,279 shares were sold at a weighted average price of $245.51.How does this impact the insider's total equity exposure?
While direct holdings were reduced by 11%, the insider retains a total beneficial position of 1.4 million shares, including significant indirect interests that remained unchanged.What is the significance of the Orohena Trust holdings?
Bousbib maintains indirect ownership of 543,000 shares through the Orohena Trust, providing continued long-term exposure to the company's valuation separate from direct executive compensation.How does the execution price compare to recent market valuation?
The shares were sold at a weighted average price of $245.51, representing a narrow discount to the $247.56 market close on the July 29, 2026 transaction date.Company OverviewMetricValueShare Price (as of market close 2026-07-30)$237.82Market Capitalization$38.8 billionRevenue (TTM)$17.0 billionNet Income (TTM)$1.4 billionCompany SnapshotIQVIA provides sophisticated analytical insights, advanced technology solutions, and comprehensive clinical research services to the life sciences industry through three primary operating segments: Technology & Analytics Solutions, Research & Development Solutions, and Contract Sales & Medical Solutions.The company generates revenue through a diversified business model that combines data analytics, technology platforms, clinical trial services, and sales force outsourcing solutions for pharmaceutical, biotechnology, and medical device manufacturers globally.IQVIA serves pharmaceutical companies, biotechnology firms, medical device manufacturers, and healthcare organizations across the Americas, Europe, Africa, and Asia-Pacific regions, positioning itself as a critical partner in drug development and commercialization.IQVIA Holdings Inc. is a premier global provider of life sciences intelligence and services operating across multiple continents. The company maintains a competitive advantage through its integrated platform combining proprietary data, advanced analytics, and extensive clinical research capabilities, enabling clients to optimize drug development timelines and commercialization strategies. With TTM revenue of $17.0 billion and a market capitalization of $38.8 billion, IQVIA has demonstrated strong market positioning and sustained growth momentum.
What this transaction means for investorsThe rights behind this sale carried a February 2027 expiration, which is the detail that explains the timing. Bousbib was converting stock appreciation rights before they lapsed, a deadline that has nothing to do with his read on the stock. He sold a bit under the day's close and kept a 1.4 million share position, including 543,000 shares in the Orohena Trust that didn't move. Ultimately, a CEO cashing in expiring rights while leaving his long-term holdings intact is basically just a sign of calendar management, not a signal about the firm’s prospects.
The timing, meanwhile, does follow a standout quarter. This past week, IQVIA reported that it grew second-quarter revenue 8.7% to $4.37 billion, lifted adjusted earnings per share 12.1% to $3.15, and posted record clinical bookings of $3.15 billion, a 1.22 book-to-bill. It also raised full-year guidance to as much as $17.475 billion. Bousbib called it “as clean a quarter” as he’s seen in more than two decades of reporting earnings across companies. Cash flow, however, performed shy of expectations, and the stock took a small hit after earnings but is still up for the year.
For long-term investors, it’ll be important to see how both the backlog and cash flow evolve from here. IQVIA has $34.2 billion in contracted work, with about $9.2 billion converting to revenue within a year, so the growth is visible well into 2027. Whether demand from biotech clients — and how that translates to cash flow — will be key in determining the firm’s trajectory.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Iqvia Holdings. The Motley Fool has a disclosure policy.
Energy drink maker Monster Beverage (MNST -1.30%) is about to halve its stock price on purpose. The company's 2-for-1 split, announced July 8, hands each shareholder of record as of July 24 one additional share for every share held. The new shares are distributed after the market closes on Aug. 10, and the stock begins trading at its split-adjusted price on Aug. 11.
Mechanically, nothing of substance happens. Every investor's stake is worth the same the morning after as the night before, and the business itself is untouched.
So why pay attention at all? Because a split is usually something a board does after a big run in a stock. And in Monster's case, the run -- and the growth behind it -- is the part actually worth an investor's time.
Image source: Getty Images.
What actually changes on Aug. 11 The mechanics are simple. The split is effected as a 100% stock dividend, so the share count doubles and the price halves. Monster's market capitalization of about $95 billion doesn't move.
What the decision suggests, though it guarantees nothing, is that management is comfortable with where the stock sits. Boards tend to split shares after sustained appreciation, and Monster has delivered exactly that.
The stock closed Friday at $96.38, within about 4% of its 52-week high of $100.34 -- and it has climbed roughly 58% over the past year.
A share price near $100 isn't hard for investors to work with, especially in an era of fractional shares. So the split's practical effects are modest. Its main function is to mark the run, and little else.
The growth the split is celebrating The trajectory, however, is worth paying attention to -- and it has been steepening. Monster's net sales grew 10.7% in 2025, to $8.29 billion. In the fourth quarter of 2025, they rose 17.6% year over year to $2.13 billion. Then, in the first quarter of 2026, net sales jumped 26.9% to $2.35 billion. That's three readings, each faster than the last.
International sales are doing much of the pushing. Net sales to customers outside the United States rose 44.9% year over year in the first quarter to $1.06 billion, and they now make up about 45% of total sales, up from roughly 40% a year earlier. Currency helped some, as favorable exchange-rate moves added $89.3 million to the quarter's net sales. And growth tilted toward international markets carries a thinner margin with it: Monster's gross margin slipped to 55% of net sales from 56.5% a year earlier, which the company attributed to geographic sales mix, higher aluminum can costs, and increased freight costs, partially offset by pricing actions.
The bottom line has kept up anyway. First-quarter operating income climbed 28.1% to $730 million, net income rose 28.6% to $569.5 million, and earnings per share grew 27.6% to $0.58. Monster also returned about $100 million to shareholders through share repurchases during the quarter.
Notably, none of that growth leans on artificial intelligence (AI), which arguably makes the stock a rarity among this year's market leaders -- and part of its appeal for investors whose portfolios have grown top-heavy with technology names.
And that brings up the real event on the calendar, which isn't the split at all. Monster's second-quarter report is scheduled for Aug. 6, after the market closes (last year's arrived on Aug. 7), and it should show whether the acceleration held into the summer. That timing puts the report just before the split takes effect, giving the market fresh numbers to judge the stock by as the share count doubles.
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That report matters because of what investors are now paying. At about 47 times earnings, Monster trades at a steep premium to the S&P 500's multiple of about 28. A valuation like that prices in a long stretch of the kind of growth the company just delivered.
If the second quarter shows the acceleration cooling, or margins slipping further, the stock could give back some of its 58% run quickly.
So, is the split a reason to buy the stock? No -- and it isn't a reason to sell, either. It's a reason to look.
What I see is an excellent business growing faster than it has in years, priced like the growth stock it has suddenly become again. I'd rather judge that trade-off with the second-quarter numbers in hand. So I'll be watching the report, not the split date.
Zlato čeká na páteční data o zaměstnanosti, která rozhodnou o dalším vývoji sazeb Fedu i dolaru. Slabá data by mohla obnovit tlak na dolar a podpořit kov.
Weekly US Government Bonds 30-Year Yield The 30-year above 5.20% killed the rally before it had a second day. Gold pushed above $4,100 on Thursday’s dollar break and the long end did not flinch. By Friday the dollar had recovered and the $4,100 bid was gone. One session. That is what gold got out of the biggest Fed repricing in two months.
Payrolls Friday Settles What the Fed Left Open The July employment report at 13:30 GMT Friday is the number gold has been waiting for since Warsh refused to give the market guidance. He set this up so the data decides. Gold buyers need the number to come in soft enough to pull September odds lower and restart the dollar selling that lifted the metal above $4,100 last week. The dissenters already have the inflation argument. A firm jobs report with strong wages gives them the labor market too, and gold does not have a defense against both.
Tuesday’s JOLTS report is the early read before Friday’s main event. The week is about one question and the answer arrives in stages.
What to Watch Friday’s payrolls report decides whether the September rate trade tightens or loosens, and gold is going to follow the dollar’s reaction to the number. The Fed hold pulled hike odds down from 80% to 65% and the dollar broke lower on the repricing, but the long end did not cooperate and gold could not hold above $4,100. Tuesday’s JOLTS is the early signal. If it comes in soft, gold buyers get a head start pressing the dollar before Friday. If it comes in strong, the rate rebuild starts early and gold has to defend the week’s lows.
Gold has been straddling the 50% retracement level for weeks and the consolidation is building a base that either launches toward the 52-week moving average or breaks down toward the support below. Payrolls is the catalyst that picks the direction.
Green Thumb Industries v 1. čtvrtletí zvýšila tržby o 7,4 % na 300,2 milionu USD a vykázala čistý zisk podle GAAP ve výši 15,4 milionu USD. Firma zároveň vytvořila provozní cash flow ve výši 76 milionů USD.
The cannabis industry has taught investors a painful lesson over the past five years: Revenue growth means very little if a company can't generate cash. Dozens of operators expanded too quickly, took on excessive debt, or repeatedly diluted shareholders to stay afloat.
Green Thumb Industries (GTBIF +1.43%) largely avoided those mistakes. And that's why the company has earned a reputation as one of the cannabis sector's best-run companies. Its Q1 results reinforced that idea.
Revenue increased 7.4% year over year to $300.2 million, while the company generated $76 million in operating cash flow, produced $93.5 million in normalized EBITDA (earnings before interest, taxes, depreciation, and amortization), and remained profitable with generally accepted accounting principles (GAAP) net income of $15.4 million.
In the cannabis industry, this kind of solid performance isn't the norm. So does that make Green Thumb stock a buy now?
Financially strong Green Thumb is also in a position of financial strength. The company ended Q1 with approximately $344.5 million in cash and cash equivalents and $289.9 million in total debt. And rather than raising capital through new share issuances, management has actually been repurchasing stock.
During the first quarter, Green Thumb repurchased roughly 6 million shares for $33.3 million. After quarter-end, it bought another 7.4 million shares, bringing total repurchases this year to nearly $78 million. That's not trivial.
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With that kind of enthusiasm, it's safe to assume that management believes the stock is undervalued and, perhaps more importantly, that the business generates enough cash to reward shareholders without sacrificing future growth.
Profitability and cash flow The operating business also continues to improve. Green Thumb now operates more than 110 Rise dispensaries across the United States while maintaining exposure to both medical and adult-use cannabis markets. The company continues expanding selectively, including new opportunities in Minnesota and Texas, rather than chasing growth at any cost. This is what got a lot of other cannabis companies in hot water over the years.
Image source: Getty Images.
Of course, the cannabis industry still faces challenges. Federal legalization remains uncertain, Section 280E continues to create an extremely high tax burden, and pricing pressure remains in several mature state markets. That said, Green Thumb has shown it can succeed without relying on favorable legislation by building a profitable business on today's rules, not tomorrow's hopes.
Now, could other cannabis stocks produce bigger returns if federal reform accelerates? Absolutely. Smaller operators often offer more upside because they carry more risk. But Green Thumb is different.
The company's appeal isn't that it will necessarily be the fastest grower. It's that it has already demonstrated something many cannabis businesses still haven't: an ability to consistently generate profits and produce meaningful cash flow. In an industry where investors have spent years waiting for the fundamentals to catch up with the hype, Green Thumb may simply be the safest bet on the board.
Arm uvedl, že je nyní jistější v dosažení více než 1 miliardy USD tržeb ze serverových CPU ve fiskálním roce 2028. Zároveň ve fiskálním 1. čtvrtletí zvýšil tržby o 22 % na 1,29 miliardy USD.
It's been a rollercoaster ride for Arm Holdings (ARM -0.77%) shares this year. The stock has more than doubled in 2026, although it is off nearly 50% from its spring highs. More recently, the company got a lift on solid fiscal first-quarter earnings and upbeat commentary about its data center central processing unit (CPU) opportunity.
Despite the company's CPU opportunity, I wouldn't be chasing the stock. Let's dig into the U.K.-based company's recent results and prospects to see why I feel this way.
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CPU opportunity in focus Arm shocked investors earlier this year when it announced that it would make its own physical chips for the first time ever, given the huge opportunity it sees in server CPUs. The company has long been a leading provider of intellectual property (IP) to the semiconductor industry, but it's never developed its own chips.
That changed when it introduced its Arm Artificial General Intelligence (AGI) CPU in March. At the time, the company projected that the data center CPU market would grow to $100 billion by 2031 and that it would be able to capture a 15% market share. Nvidia and Advanced Micro Devices, meanwhile, have more recently projected that the server CPU market would climb to $220 billion.
Arm also targeted $1 billion in server CPU revenue between fiscal 2027 and fiscal 2028. On its earnings conference call, management said it was now more confident that it would achieve over $1 billion in server CPU revenue in fiscal 2028, as its backlog has grown to over $2 billion and it has seen improved supply chain conditions. The company also said that it had secured the manufacturing capacity to help meet demand.
Arm's core business, meanwhile, remained solid in fiscal Q1. Revenue increased 22% to $1.29 billion, while annualized contract value (ACV), which smooths out license revenue, rose 13%. License revenue climbed by 23% year over year to $574 million, fueled by demand for its next-generation architecture. Softbank contributed $193 million in revenue.
Royalty revenue increased by 22% year over year to $715 million. Arm said data center royalty revenue once again doubled and that it was seeing sustained momentum. Growth was being led by hyperscalers ramping up production of Arm-based server chips, while it was also seeing strength in data processing units (DPUs) and SmartNICs. Smartphone and other device revenue grew despite overall market weakness, due to higher royalty rates coming from its newer Armv9 architecture.
Looking ahead, Arm forecasts fiscal second-quarter revenue to come in around $1.38 billion, representing year-over-year growth of 22%. License revenue is projected to grow about 30%, while royalty revenue is expected to rise in the low teens. It guided for adjusted earnings per share to be between $0.43 and $0.51.
Image source: The Motley Fool.
Arm is looking to have its cake and eat it too in the server CPU market. The company already supplies the IP behind custom data center CPUs, like Nvidia's Vera, Amazon's Graviton, and Alphabet's Axion chips.
Meanwhile, it's now offering its own server CPUs, looking to capture more share in this fast-growing market. With the rise of AI agents expected to shrink the GPU-to-CPU ratio from 8:1 for training to 1:1 for agentic AI, the data center CPU market is expected to grow rapidly in the coming years. However, Arm is now essentially competing with its own customers, which does create an interesting dynamic.
One of the biggest issues for Arm in this new endeavor is being able to get components and foundry capacity, but it looks like it has done a good job on this front. However, it does still have a headwind in its largest end market, smartphones. Smartphones and other device sales are expected to be pressured due to elevated memory costs leading to higher prices, cutting consumer demand.
With the stock trading at a forward price-to-earnings (P/E) ratio of over 100 based on the fiscal 2027 consensus estimates, this AI stock is too rich for my blood given the risks involved. The move to creating physical chips could also eventually lead to multiple compression in the stock, given that it is no longer a pure IP company.
Sprouts Farmers Market tento týden vzrostl o více než 16 % po lepších než očekávaných výsledcích hospodaření za fiskální 2. čtvrtletí. Tržby stouply meziročně o 5 % na 2,3 miliardy USD a EPS byl 1,37 USD.
Shares of Sprouts Farmers Market (SFM +0.36%) climbed more than 16% this past week after the natural and organic grocery chain delivered healthier-than-expected financial results in its most recent quarter.
Image source: Getty Images.
New stores are fueling growth Sprouts' net sales grew 5% year over year to $2.3 billion in its fiscal second quarter, which ended on June 28.
The retailer opened 7 new stores during the quarter, bringing its total to 490 locations across 25 states.
However, Sprouts' comparable sales, which include revenue from stores open for at least 60 weeks, declined by 1%. Sprouts faced difficult comparisons to the prior-year quarter, when its competitors' supply chain disruptions drove additional traffic to its stores.
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Sprouts' gross margin also declined slightly to 38.7%, due in part to higher fuel costs.
All told, the company's earnings inched up 1% to $1.37 per share. That topped Wall Street's estimates, which had called for per-share profits of $1.34.
Sprouts also continues to crank out cash. Operating and free cash flow checked in at $369 million and $179 million, respectively, through the first half of 2026.
A long runway for further expansion Management expects same-store sales to turn positive in the third quarter. For the full year, the company expects net sales growth of 5.5% to 6.5%, with operating income of $675 million to $685 million and earnings per share of $5.32 to $5.40, driven by 42 net new store openings.
Looking even further ahead, Sprouts sees an opportunity to expand its store base to over 1,000 locations nationwide.
"Our pipeline remains robust with more than 110 executed leases and 155 approved new stores, giving us confidence in our ability to continue expanding access to Sprouts over the long term," chief financial officer Curtis Valentine said during a conference call with analysts.
Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sprouts Farmers Market. The Motley Fool recommends the following options: long January 2028 $75 calls on Sprouts Farmers Market and short January 2028 $85 calls on Sprouts Farmers Market. The Motley Fool has a disclosure policy.
Teva za poslední týden vzrostla asi o 12,3 % po smíšených výsledcích za 2. čtvrtletí. Tržby 4,1 miliardy USD překonaly odhad, i když upravený zisk na akcii 0,02 USD zaostal.
Teva Pharmaceutical (TEVA -1.13%) stock closed out the last week of trading with significant gains, rising roughly 12.3% across the stretch. The S&P 500 gained 0.2% over the same period, and the Nasdaq Composite was up approximately 0.5%.
Teva published its second-quarter report after the market closed on July 29, posting mixed results. While earnings for the period came in below Wall Street's target, the company delivered some news that excited investors.
Image source: Getty Images.
Teva's Q2 results at a glance With its Q2 report, Teva announced non-GAAP (adjusted) earnings of $0.02 per share -- a performance that fell far short of the average analyst estimate's call for adjusted earnings per share of $0.11 in the period. Meanwhile, sales in the period came in at $4.1 billion and surpassed the average analyst target by roughly $70 million. The generic drug leader's revenue was still down roughly 1% year over year in the period, but the decline was softer than expected -- and investors saw promise in the company's guidance and a significant new development for the stock.
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What's next for Teva? For the full-year period, Teva is guiding for adjusted earnings to be between $1.91 per share and $2.11 per share after accounting for closing and administrative costs stemming from its acquisition of Emalex. Meanwhile, the average analyst estimate had called per-share earnings of $2.16 for the year. The company also guided for sales to come in between $16.5 billion and $16.85 billion. For reference, the average Wall Street estimate had targeted sales of $16.63 billion.
With its Q2 report, Teva also announced that it was gearing up to have its stock listed directly on the New York Stock Exchange. As part of the initiative, the Israel-based company's American depositary receipts (ADRs) are set to be replaced with newly listed common stock. The new common stock is set to start trading on September 14, and the direct listing could help attract support from institutional investors and retail traders.
Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
TSMC oznámila další investici ve výši 100 miliard USD do továren v Arizoně, čímž celkový plán zvedla na 265 miliard USD. Firma tím dál přesouvá výrobu mimo Tchaj-wan.
Taiwan Semiconductor Manufacturing (TSM +0.23%) has been making huge investments to diversify its production base away from its home island of Taiwan. During its Q2 announcements, Taiwan declared it would invest another $100 billion in its Arizona production facilities, bringing its total to $265 billion. That's a huge move by TSMC, and I think it solidifies the stock as a buy.
If you've got $1,000 sitting around, I can think of few better stocks to pick right now than Taiwan Semiconductor.
Domestic chip production reduces the risk of disruption One of the biggest fears investors have historically had with Taiwan Semiconductor is its location just off mainland China. The relationship between Taiwan and China is complex, and rumors of military activity have swirled for decades. Any military action would sink TSMC's stock, as production would be disrupted.
However, that military action also may plunge the world into a war, which would wreck all forms of investing (outside of defense and staples stocks). But with TSMC moving more and more production to the U.S., the risk of a single point of failure is decreasing. Obviously, TSMC's stock would likely plummet, but the business wouldn't be as disrupted as it once was.
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Another task the Arizona investment accomplishes is increasing domestic chip production in general. Intel used to be the primary chip foundry business in the U.S. It has lost a lot of clients to TSMC due to its superior technologies and production capabilities. With a push to increase domestic chip production, TSMC either needed to onshore some of its capabilities or deal with Intel being boosted by the U.S. government, making it hard to compete with.
Lastly, Taiwan Semiconductor wouldn't be making these investments if there weren't a demand for increased chip production. During TSMC's Q2 conference call, CEO C.C. Wei stated he believes that AI chip demand will stay strong through at least 2029 to 2030, and that it could last longer due to a new industry being created. If there's enough demand to warrant a $100 billion investment for production facilities, I think investors can stay bullish on the AI trend in general.
With Taiwan Semiconductor being a chip fabricator and benefiting from increased AI spending in general, it's a neutral party that's primed to thrive over the next few years.
TSM PE Ratio (Forward) data by YCharts
At 23.5 times forward earnings, it's also a reasonably priced stock that looks primed to head higher as AI demand reaches new levels.
Keithen Drury has positions in Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Intel and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.
EUR/USD po výprodeji dolaru po Fedu prorazil nad 1,1500 a v červenci vzrostl o něco přes 1 %. Danske varuje, že další pokles amerických reálných výnosů by jeho short na EUR/USD dál tlačil.
Danske Bank says EUR/USD’s break above 1.1500 has challenged its bullish Dollar view, with further declines in US real yields likely to place its short-Euro position under increasing pressure. The Euro to Dollar exchange rate ended July near 1.1530 after the post-Federal Reserve Dollar selloff carried the pair decisively above 1.1500.
EUR/USD gained just over 1% during July, recovering from a monthly low near 1.1354 and reaching a high around 1.1547. The pair remains 1.7% lower since the start of 2026, having traded between January’s peak at 1.2075 and a June low of 1.1325.
Image: Euro-to-Dollar exchange rate chart - 3 month timeframe Danske Bank said “modestly stronger-than-expected Q2 GDP and July flash inflation data from the largest euro area economies supported EUR”, but stressed that domestic European data were not the main reason for the move.
Instead, the bank said “the main driver behind EUR/USD rising above 1.15 has been the post-FOMC decline in US real rates.”
Nominal US yields fell following the Federal Reserve meeting, while medium and longer-term inflation expectations moved higher. According to Danske, this reflected markets reassessing “Kevin Warsh’s commitment to bringing inflation back to target”.
That combination lowered inflation-adjusted US yields and weakened one of the central supports for the Dollar.
The effect was not confined to the Euro. Danske noted that “the same effect could be seen across other risk-sensitive currencies as well”, with easier financial conditions supporting the Swedish Krona, New Zealand Dollar and South African Rand.
For the bank, the market reaction directly challenges its recent positioning.
“The shift does challenge our recent USD-positive narrative,” Danske said, adding that this view had been “underpinned by expectation of the Fed remaining on a firm tightening bias.”
The bank is not abandoning the prospect of further US rate increases. It said: “We still think the macro case for the Fed hiking rates is very much alive.”
That remains the foundation of its medium-term case for renewed Dollar strength. Sticky inflation, resilient activity and the risk that the Fed ultimately tightens more than markets now expect could restore support to US yields.
The immediate risk, however, has moved in the opposite direction.
Image: EUR/USD chart - performance so far in 2026 Danske conceded that “tactically, further decline in US real rates would certainly put our recent short EUR/USD recommendation under even more pressure.”
The technical backdrop has improved alongside the change in rates. EUR/USD has moved above both its 20-day and 50-day moving averages after spending much of July below them.
A sustained hold above 1.1500 would leave the recovery intact and bring the 1.1600-1.1665 region back into focus. The latter marked the upper part of June’s trading range before the Euro’s slide towards 1.1325.
The broader three-month trend remains less convincing. EUR/USD is still below May’s highs near 1.1800 and has fallen around 1.7% over that period.
Danske’s forecast therefore hinges on whether the post-Fed fall in real yields persists. A further decline would reinforce the Euro’s breakout and threaten the bank’s short position, while a recovery in real rates and renewed expectations of Federal Reserve tightening could pull EUR/USD back towards 1.1400.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
