TSMC čeká ve čtvrtek další rekordní zisk; analytici odhadují čistý zisk za 2. čtvrtletí +59 % na NT$632,6 miliardy. Investoři ale sledují hlavně výhled hospodaření a případné zpoždění platformy Vera Rubin od Nvidie.
TSMC is expected to deliver another record profit on Thursday, but investors may need more than strong headline numbers to push the stock higher.
The chipmaker reports at 2 AM ET on July 16. Analysts expect second-quarter net profit to surge 59% to NT$632.6 billion, which would mark a fifth consecutive quarterly record.
Revenue is already known: sales rose 36% to NT$1.27 trillion.
Yet TSMC’s US-listed shares have gained about 38% in 2026, leaving investors focused on third-quarter guidance and whether Nvidia’s next-generation Vera Rubin rollout remains on schedule.
TSMC’s second-quarter revenue narrowly exceeded the NT$1.264 trillion consensus compiled by LSEG, reinforcing the strength of demand for its most advanced manufacturing processes and chip-packaging services.
Any quarterly profit above NT$572.5 billion would set another company record.
The company previously forecast a gross margin of between 65.5% and 67.5%, alongside an operating margin of 56.5% to 58.5%.
Investors will examine whether stronger pricing and high factory utilisation allowed TSMC to reach the upper end of those ranges, particularly as overseas expansion costs continue to rise.
Dan Nystedt, a research analyst at investment firm TriOrient, told Reuters that the revenue performance showed AI demand remained healthy, supporting TSMC’s advanced-node production and chip-on-wafer-on-substrate, or CoWoS, packaging business.
Because TSMC has already disclosed its sales, Thursday’s share-price reaction will probably depend more heavily on profitability and management’s outlook.
Options markets imply that the US-listed stock could move roughly 5% in either direction by the end of the week. The shares closed Tuesday at $420.39.
TSMC manufactures Nvidia’s most advanced AI processors and provides the sophisticated packaging needed to combine GPUs with high-bandwidth memory.
That makes Nvidia’s annual product cadence an important driver of TSMC’s advanced-node utilisation and CoWoS demand.
KeyBanc analyst John Vinh recently flagged a slight delay to Nvidia’s Vera Rubin rollout, citing thermal heat-lid issues and delays involving HBM4 qualification.
The concern is not that demand has disappeared.
Rather, a later volume ramp could shift production and revenue between quarters at a time when investors expect AI growth to accelerate during the second half.
Vinh believes the financial impact should remain limited because Nvidia can compensate by shipping more B300 Blackwell systems.
He still expects Rubin shipments to begin ramping in July and forecasts deliveries of roughly 1.7 million to 1.8 million units during 2026.
KeyBanc retained an Overweight rating on Nvidia and raised its price target to $330 from $310.
Bank of America analyst Haas Liu said in a research note that supply-chain checks continued to indicate a strong AI demand pipeline.
He believes TSMC could raise its full-year revenue-growth outlook from the current forecast of more than 30%.
Capital expenditure will provide another important signal.
TSMC previously said its 2026 spending would reach the upper end of its $52 billion to $56 billion range.
Liu believes the company could lift that forecast to about $58 billion, reflecting tight equipment availability and capacity expansion across advanced logic, memory and packaging.
Nystedt, by contrast, expects management to retain the existing range.
A larger budget would signal confidence that demand from Nvidia, custom-chip designers and hyperscale cloud companies can remain strong.
Unchanged spending would not necessarily indicate weakness, although it could disappoint investors positioned for another upgrade.
IBM po zklamání z hospodářských výsledků klesl o 25,2 % na 217,07 USD, což byl rekordní jednodenní propad, protože zákazníci přesouvají peníze do datových center. Barclays vidí z tohoto posunu možné vítěze mezi výrobci firewallů, hlavně Palo Alto Networks, Fortinet a Check Point.
IBM stock suffered its worst one-day decline on record after the technology group admitted that customers were moving money away from its products and towards urgently needed data-centre infrastructure.
The stock plunged 25.2% to $217.07 on Tuesday, leaving it just above its 52-week low, after preliminary second-quarter revenue and profit missed Wall Street forecasts.
Yet Barclays analyst Saket Kalia sees a potential winner on the other side of that spending shift: network-security companies selling firewalls.
As per TipRanks, his industry checks identified Palo Alto Networks, Fortinet and Check Point as potential beneficiaries.
Palo Alto Networks is one of the world’s largest firewall providers and gives customers a broad portfolio spanning network, cloud and security operations products.
Its position makes it an obvious beneficiary when companies prioritise cybersecurity spending over less urgent software projects.
The stock climbed 6.8% to $352.89 on Tuesday as IBM’s warning drew attention to the resilience of security budgets.
Kalia’s analysis suggested that demand for firewall hardware was benefiting from the same urgency pushing companies to secure servers and memory before costs rise further.
The difficulty is valuation. TipRanks’ comparison tool showed no analyst-implied upside for Palo Alto at Tuesday’s closing level.
Its average 12-month target was $333.31, below the market price, despite a Strong Buy consensus.
Fortinet supplied Kalia with the strongest numerical evidence that customers are already buying more security hardware.
Its first-quarter product revenue jumped 41% from a year earlier to $645 million, while total revenue rose 20% to $1.9 billion.
Kalia pointed to that product strength as evidence that the shift was appearing in firewall sales rather than remaining a theoretical opportunity.
The company specialises in FortiGate firewalls and builds many of its own security processors, allowing it to offer high-performance appliances at competitive prices.
That could be particularly attractive when customers need greater network capacity to protect expanding AI infrastructure.
Fortinet shares gained 3.9% to a record $166.83 on Tuesday. But, like Palo Alto, the rally has overtaken the broader analyst consensus.
TipRanks listed an average target of about $117, while Barclays’ own latest target was $155 and TD Cowen recently raised its target to $215.
Check Point was the most modest gainer of the three, rising 2% to $137.02, but it offered the clearest valuation case.
The platform showed a Moderate Buy consensus and an average target of $148.36, implying almost 9% upside from the price used in its analysis.
The target was based on 12 Buy and 18 Hold ratings, with no Sell recommendations.
Check Point has traditionally been viewed as a slower-growing but profitable cybersecurity company.
That positioning could become more attractive if the current spending shift favours established firewall vendors without supporting the premium valuations attached to faster-growing rivals.
Still, Kalia included an important warning. The boost “could be temporary,” because companies may simply be bringing purchases forward to avoid supply constraints and higher prices.
Once that wave passes, the sector could experience a digestion period similar to the slowdown that followed pandemic-era technology spending.
GBP/JPY vystoupal na nové týdenní maximum kolem 217,70 a drží se blízko nejvyšší úrovně od ledna 2008. Široký úrokový diferenciál mezi Británií a Japonskem dál tlačí japonský jen níž.
The GBP/JPY cross scales higher for the second straight day and climbs to a fresh weekly top, around the 217.70 region, during the first half of the European session on Wednesday. Moreover, spot prices remain within striking distance of the highest level since January 2008 and seem poised to appreciate further amid a supportive fundamental backdrop.
Despite looming intervention risks, the Japanese Yen (JPY) continues with its relative underperformance on the back of the wide gap in borrowing costs between Japan and other major economies, including the UK. The Bank of Japan (BoJ) raised the short-term policy rate in June to 1% or, the highest level since 1995, while the Bank of England's (BoE) base rate sits at 3.75%. This leaves an approximate gap of 275 basis points (bps), which keeps the so-called JPY carry trade active and continues to act as a tailwind for the GBP/JPY cross.
Meanwhile, Japan's economy is highly vulnerable to energy supply disruptions in the Strait of Hormuz as it relies on the Middle East for over 90% of crude oil imports. The closure of the critical waterway, along with a further escalation of tensions between the US and Iran, turns out to be another factor undermining the JPY. The British Pound (GBP), on the other hand, benefits from fading UK political uncertainty, hawkish BoE signals, and modest US Dollar (USD) weakness. This validates the positive outlook for the GBP/JPY cross and favors bulls.
Speaking before the Treasury Select Committee, BoE Governor Andrew Bailey warned on Tuesday of the potential effects of the resumption of the US-Iran conflict and that the event has demonstrated that inflation has not eased enough. Traders were quick to fully price in at least one 25 bps rate increase by year-end, and a possible first hike as early as September. This, in turn, suggests that the path of least resistance for the GBP/JPY cross is to the upside, and any corrective pullback is more likely to be seen as an opportunity for bullish traders.
Pound Sterling FAQs The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).
The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.
Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.
Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Commodity-linked currencies strengthened after US inflation data came in weaker than expected. The Consumer Price Index (CPI) slowed to 3.5% year-on-year in June, below the 3.8% forecast, while core inflation eased to 2.6% versus expectations of 2.8%. On a monthly basis, headline CPI unexpectedly fell by 0.4%, while core CPI was unchanged. The moderation in inflationary pressure increased expectations that the Federal Reserve may adopt a more accommodative policy stance, putting pressure on the US dollar and supporting both the Australian and Canadian dollars against the greenback.
However, despite the weaker US dollar, the next move in USD/CAD will largely depend on the Bank of Canada’s policy decision. Later today, the central bank will announce its interest rate decision, publish its updated Monetary Policy Report, and hold a press conference with the Governor. If policymakers maintain a cautiously hawkish tone on inflation, the Canadian dollar could receive additional support. Conversely, a more dovish message may limit CAD gains despite the broader weakness in the US dollar.
Market participants will also focus on the release of the US Producer Price Index (PPI), which will provide further insight into inflation trends following the softer CPI report. In addition, US crude oil inventory data could influence USD/CAD, as oil prices traditionally have a significant impact on the Canadian dollar.
AUD/USD The AUD/USD pair continues to develop the bullish engulfing reversal pattern. Yesterday, buyers managed to test the key resistance level around 0.7000. If the pair secures a sustained break above this level, the rally could extend towards the 0.7080–0.7130 area. The bullish scenario would be invalidated by a move below 0.6900.
Key events for AUD/USD:
Today at 14:00 (GMT+3): US MBA Mortgage Market Index Today at 15:30 (GMT+3): US Producer Price Index (PPI) Today at 15:45 (GMT+3): Speech by FOMC member John Williams
USD/CAD Following confirmation of the bearish tower top reversal pattern, selling pressure on USD/CAD intensified, reinforced by the weaker-than-expected US inflation data. As a result, the pair declined below 1.4100. Technical analysis suggests there is scope for a further move lower towards the 1.3960–1.4020 area. A decisive break back above 1.4120 could revive the bullish outlook.
Key events for USD/CAD:
Today at 16:45 (GMT+3): Bank of Canada interest rate decision Today at 17:30 (GMT+3): US Crude Oil Inventories Today at 17:30 (GMT+3): Bank of Canada press conference
Overall, the weaker US inflation report strengthened expectations of a more accommodative Federal Reserve, weighing on the US dollar and supporting commodity-linked currencies. However, the next moves in AUD/USD and USD/CAD will depend on upcoming economic data and the Bank of Canada’s policy guidance.
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Americké ministerstvo financí nechalo zmrazit čtyři Tron peněženky s USDT v hodnotě 131 milionů USD, které byly podle Scotta Bessenta napojené na íránskou centrální banku.
US Treasury Secretary Scott Bessent announced that the US government ordered the freezing of more than $130 million in cryptocurrency held in wallets associated with Iran, in response to escalating tensions in the Middle East.
Wallet freeze targets Iran’s Central BankBlockchain investigator Specter earlier identified onchain data showing that stablecoin issuer Tether froze four Tron blockchain wallets containing a total of $131 million worth of USDt (USDT). Bessent confirmed that these wallets were linked to the Central Bank of Iran.
Mini dictionary: Tron, a blockchain platform focused on high-throughput and scalable decentralized applications, supports USDT (Tether) token issuance and transactions. Tether is a popular stablecoin pegged to the US dollar, widely used in cryptocurrency trading and payments.
Bessent emphasized the Treasury Department’s efforts to counteract Iran’s financial activities using digital assets. He stated, “US Treasury is committed to disrupting and degrading Iran’s illicit financial activities, including its abuse of digital assets.” He added that authorities will continue tracing and blocking funds to prevent the Iranian government from accessing income generated via illicit operations.
“We will continue to aggressively follow the money and deny the Iranian regime access to the proceeds of its illicit revenue schemes.”
Ongoing pressure campaign against IranThe asset freeze coincided with the breakdown of a ceasefire between the US and Iran. Washington renewed its blockade of Iranian ports, while the US Central Command reported a new wave of military strikes on targets in Iran. On the same day, Iranian defense sources claimed to have conducted drone operations against American military facilities at Jordan’s Al Azraq Air Base.
This is not the first time the US government has coordinated with Tether on such actions. In April, Tether stated it froze over $344 million in USDT at the request of US authorities, as part of broader measures targeting Iran’s access to international financial systems.
MonthFrozen Amount (USDT)Initiated byApril$344 millionTether, US authoritiesJune$131 millionTether, US TreasuryOperation Economic Fury expands seizuresBessent earlier reported in May that the US had seized around $1 billion in Iranian crypto assets since the introduction of Operation Economic Fury, a financial pressure campaign begun in March 2025.
He described the ongoing initiative as a comprehensive effort targeting procurement networks supplying the Iranian military. “Through Economic Fury, the Treasury Department is disrupting the foreign procurement networks that support the Iranian military’s efforts to acquire weapons,” Bessent stated in June.
Treasury has frozen the Iranian regime’s assets, severely disrupted its economy, and dismantled the Iranian war machine. Treasury will not tolerate any support of the Iranian military.
TRM, an analytics firm specializing in blockchain forensics, reported that entities linked to Iran moved $3.8 billion in crypto through CoinEx, a global cryptocurrency exchange, as part of operations scrutinized under the ongoing sanctions framework.
Mini dictionary: TRM Labs is a blockchain intelligence company that analyzes cryptocurrency transactions to detect financial crime, money laundering, and sanction violations.
US authorities have repeatedly signaled that digital assets will remain a focus in efforts to clamp down on Iranian financial networks, with further actions possible as hostilities continue.
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.
GBP/USD vzrostl po slabší americké inflaci, která snížila sázky na další zvýšení sazeb Fedu. Měnový pár se pohyboval kolem 1,3411 USD, asi o 0,5 % výše za den.
The Pound to Dollar (GBP/USD) exchange rate rallied on Tuesday after softer-than-expected US inflation data prompted investors to scale back expectations for another Federal Reserve interest rate hike.
At the time of writing, GBP/USD was trading around $1.3411, up approximately 0.5% on the day.
Latest — Exchange Rates:
Pound to Dollar (GBP/USD): 1.338178 (+0.24%)
Euro to Dollar (EUR/USD): 1.142849 (+0.40%)
Dollar to Yen (USD/JPY): 162.13999 (-0.17%)
DAILY RECAP:
A clear US Dollar (USD) selling bias emerged on Tuesday after the latest US consumer price index showed inflationary pressures eased by more than expected last month.
June's Consumer Price Index reported that headline inflation slowed from 4.2% to 3.5% year-on-year, comfortably below forecasts for a more modest easing to 3.8%. Core inflation also undershot expectations, with annual core CPI easing to 2.6%.
In response, financial markets trimmed some of their more hawkish policy expectations for the Federal Reserve, with the odds for a September interest rate hike falling from around 70% to 50%.
Meanwhile, the Pound (GBP) found support during Tuesday's session as investors doubled down on bets that the Bank of England (BoE) will have to raise borrowing costs again.
The hawkish shift in market sentiment stems from a fresh spike in global energy markets. With conflict flaring up once more in the Gulf, the vital Strait of Hormuz shipping lane has been blocked, raising fears of a renewed inflation shock that could force the BoE’s hand before 2026 draws to a close.
Even so, Sterling's rally was tempered by cautious commentary from the head of the BoE.
Appearing before the Treasury Select Committee, BoE Governor Andrew Bailey struck a sober tone. He pointed out that the geopolitical unrest in the Middle East poses a serious threat to financial stability, while simultaneously reminding lawmakers that Britain's sluggish economic growth remains a heavy drag on the domestic outlook.
Near-Term GBP/USD Forecast: US Producer Prices in Focus Looking ahead, the next catalyst of movement for the Pound to US Dollar (GBP/USD) exchange rate will be the publication of the latest US producer price index on Wednesday.
A cooling in factory gate prices could weigh on the ‘Greenback’ in midweek trade, as we could see a further trimming of Fed rate-hike bets if there are further signs that US inflationary pressures are easing.
Meanwhile, movement in the Pound looks set to remain limited on Wednesday amid a lull in UK data ahead of Thursday’s GDP release.
SpaceX požádala americkou FCC o povolení nasadit až 100 000 satelitů Starlink Gen3. To by výrazně rozšířilo síť, která má nyní na oběžné dráze něco přes 10 400 satelitů.
Space Exploration Technologies (SPCX 2.20%) has had a volatile first month as a publicly traded company. Its share price rose to as much as $225, but as of writing, it has sunk back near its $135 IPO price, currently trading just $1 above it. Opinions on SpaceX's prospects are divided. The bulls will argue that, given its large addressable market and leadership in core markets, including space travel and satellite-based internet services, the stock could produce outstanding returns over the long run.
The bears will point out that SpaceX remains unprofitable, and its financial results and outlook hardly justify a $1.8 trillion valuation. Time will tell who is right, but recent news from the company was a bit of a win for the bulls. Let's look into these recent developments and what they could mean for the stock.
Image source: The Motley Fool.
Starlink could become a bigger growth engine First, let's briefly review SpaceX's Starlink, which is currently its most profitable business. It offers high-speed internet through a network of Low Earth Orbit (LEO) satellites, with speeds ranging from 100 Mbps (megabits per second) to over 400 Mbps. This isn't the fastest speed, not by a long shot. Fiber internet is much faster, with some legacy providers offering speeds well above 1000 Mbps.
Some customers still opt for Starlink right now because they live in rural and other traditionally underserved areas. However, SpaceX wants Starlink to be more mainstream. The company recently filed a request with the U.S. Federal Communications Commission to deploy up to 100,000 of its new Gen3 Starlink satellites.
There are several things to note about this proposal. Let's focus on two. First, Starlink currently has a bit over 10,400 satellites in orbit -- so 100,000 would be a substantial increase. With far more satellites in space, Starlink's internet speeds could improve dramatically. Second, SpaceX wants to launch this constellation in very low Earth orbit, rather than the LEO satellites it currently operates.
This is another factor that would boost speed. SpaceX isn't shy about its ambitions here. The company is looking to build a network of satellites that could handle the majority of the world's internet traffic.
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SpaceX has some things to address first This is an ambitious proposal, but there are several problems. One is that, given how quickly SpaceX currently builds Starlink satellites, it will take a long time to manufacture 100,000 of them, let alone launch them into space. The company produced an average of 70 satellites per week at its Redmond, Washington facility between December 2025 and April 2026.
That's just 3,640 annually. At that pace, it will take over 27 years to make 100,000 of them. SpaceX will have to significantly expand its manufacturing capacity to reach its ambitious goals. Also, while SpaceX uses its partially reusable Falcon 9 rockets to launch its V2 Starlink satellites into space as of now -- with the rocket capable of carrying up to 29 per trip -- the Gen3 Starlink satellites are much bigger. That's another reason why SpaceX developed Starship, a next-gen, fully reusable rocket with a much bigger payload capacity.
Starship is still in the flight-test phase, but it is clearly central to SpaceX's future, including its space travel ambitions and its ability to substantially expand Starlink's reach.
Is the stock a buy? Improving and expanding its Starlink business could make SpaceX a much more profitable company in the long run, but it still needs regulatory approval for its constellation of 100,000 satellites. And then it will have to figure out the logistics of getting them into space in a reasonable time frame. These aren't insurmountable issues, but the company could encounter setbacks, launch delays, or other potential headwinds with its plans. Investors need to factor all that in.
Further, several other companies are working hard to compete with SpaceX's Starlink (and other business segments, for that matter). SpaceX might be the runaway leader right now -- no company has nearly as many satellites in orbit -- but that could change in the long run. So, although the bulls are right that SpaceX's opportunities are massive, there is plenty of risk as well, and my view is that the stock is a buy, but at a much lower price. That's why I'd wait for a steeper pullback before initiating a position.
Intel Foundry začala vyrábět část procesorů Intel Core Ultra Series 3 s technologií ASML High NA EUV na uzlu Intel 18A. Jde o první masově vyráběný logic produkt v oboru s High NA EUV.
High NA EUV reaches new readiness milestone with first high-volume Logic product
Intel Foundry has entered high-volume manufacturing for a subset of Intel® Core™ Ultra Series 3 processors, code-named Panther Lake, using ASML’s EXE High NA EUV technology Specific Intel 18A layers are now dual-qualified on High NA EUV in Oregon, with product shipping to customers at yields matched to the NXE platformIntel and ASML continue to closely collaborate on High NA EUV readiness with flexibility to incorporate into future nodes based on customer needs VELDHOVEN, the Netherlands, July 15, 2026 – ASML Holding N.V. (ASML) today reported that Intel Foundry is using ASML’s High NA EUV technology on the Intel 18A process node to produce a subset of its Intel® Core™ Ultra Series 3 processors. This milestone marks an important step in demonstrating High NA EUV readiness in a production environment.
ASML and Intel have worked closely for decades to advance lithography technology and support the continued scaling of semiconductors. The high numerical aperture extreme ultraviolet (High NA EUV) lithography process is an important next step in EUV lithography, developed by ASML to enable more precise patterning for advanced chip manufacturing.
The Intel® Core™ Ultra Series 3 processors, code-named Panther Lake, are built on Intel 18A. The use of High NA EUV to pattern specific layers of these products provides ASML and Intel Foundry with helpful data to further refine system setup, up time and manufacturing implementation. This paves the way towards broader adoption, utilizing the full capabilities of the technology.
“With increased resolution and better process control, the introduction of High NA EUV marks a substantial development in semiconductor lithography,” said Christophe Fouquet, ASML President and CEO. “We are proud to play a role in enabling the smaller, denser patterning that will accelerate advancements in AI and other emerging technologies.”
“This milestone reflects the close technical collaboration between Intel and ASML and shows how High NA EUV can be integrated into advanced semiconductor manufacturing at scale,” said Naga Chandrasekaran, Executive Vice President and General Manager of Intel Foundry. “By qualifying the High NA EUV process option on select Intel 18A product layers, our existing fleet of tools are providing customers with increased output, while we develop future options to achieve leading-edge performance, density and manufacturing flexibility on upcoming nodes.”
In 2024, Intel and ASML completed integration of the industry’s first commercial High NA EUV lithography system at the company’s Hillsboro, Oregon, R&D site. Intel Foundry was also the first company to install and pass acceptance testing of the second generation, TWINSCAN EXE:5200B, which builds on the TWINSCAN EXE:5000 and increases output and overlay accuracy, along with an improved light source. With this announcement, Intel Foundry is first in the industry to ship high-volume logic product using High NA EUV.
Media Relations contactsInvestor Relations contactsMonique Mols +31 6 5284 4418Jim Kavanagh +31 40 268 3938 Sarah de Crescenzo +1 925 899 8985Pete Convertito +1 203 919 1714 Karen Lo +886 9 397 88635Peter Cheang +886 3 659 6771 About ASML
ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity's toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,500 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.
Intel začal při výrobě části čipů Panther Lake pro notebooky používat špičkový stroj High-NA EUV od ASML. Cílem je lépe zvládnout tuto technologii a optimalizovat výrobu.
Computer motherboard and Intel chip appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
SAN FRANCISCO, July 14 (Reuters) - Intel (INTC.O), opens new tab has decided to use a high-end machine from ASML to manufacture some of its flagship Panther Lake laptop chips, ASML said on Tuesday, a move that will help the chipmaker learn to use the tool more effectively.
Following experiments that began in 2024, Intel has begun to use ASML's next-generation high numerical aperture (High NA) extreme ultraviolet (EUV) machines, which print circuit patterns on to microchips, to help produce a portion of its Panther Lake processors, ASML said.
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The industry has debated at what point it makes economic sense to begin deploying the High NA tools, which likely will be needed by chipmakers in the future as they continue to shrink the atomic-sized features that make up chips.
The High NA equipment costs around $400 million, or twice as much as the standard EUV machine. The tool is also technically challenging to introduce into production processes.
Intel is using the High NA tool for specific layers of the chip, which will help Intel and ASML collect data and optimize the equipment.
Intel declined to comment on the announcement.
The company uses its 18A manufacturing process to fabricate the Panther Lake chips and already uses ASML's standard EUV lithography machines to do so. Lithography is the process of using light to draw the complex patterns that make up the circuits on a chip.
Intel received the first High NA tool in 2024 at its Hillsboro, Oregon research and development site where the company develops its new manufacturing techniques and technologies.
Reporting by Max A. Cherney in San Francisco; Editing by Sonali Paul
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Max A. Cherney is a correspondent for Reuters based in San Francisco, where he reports on the semiconductor industry and artificial intelligence. He joined Reuters in 2023 and has previously worked for Barron’s magazine and its sister publication, MarketWatch. Cherney graduated from Trent University with a degree in history.
Podíl společnosti Xiaomi na trhu ve 2. čtvrtletí klesl na 11 %, zatímco Samsung a Apple posílily. Omdia varuje, že to může dál tlačit na růst tržeb i ziskovosti.
Xiaomi stock retreated for two consecutive days after a report confirmed that the company was losing market share in the smartphone industry. It slipped to H$25.82 in Hong Kong, a few points below this month’s high of H$26.70.
A report released by Omdia showed that Xiaomi’s woes mounted in the second quarter, a situation that may lead to weaker revenue and profitability growth.
Xiaomi’s market share dropped to 11%, making it the third-biggest player in the industry after Samsung and Apple. Its share has been in a slow downward trend after peaking at about 15% in the second quarter of last year.
In contrast, Samsung became the biggest smartphone maker in the world with a share of 22%, while Apple has 20%. The report noted that the delayed launch of Samsung S26-series pushed some demand into the second quarter. Samsung also gained ground in the budget segment.
Apple’s sales were boosted by iPhone 17, which delivered the strongest iPhone refresh and upgrade cycle in the company’s history.
Xiaomi’s market share retreat happened as vendors in the sub-$400 mass market shifted strategy. Instead of prioritizing volumes, they are now focusing on adjusting retail prices and in their premium segments. Rujan Bjorvovde, the Principal Analyst at Omdia, said:
“Managing the surging component costs is incredibly complex and unpredictable, with some vendors facing memory costing more than four to five times what they did a year ago.”
Xiaomi’s business is struggling as the memory crisis intensifies, with memory and storage costs accounting for about 60% of the bill of materials for budget devices. Sadly, there is still no end in sight for this memory crisis, with Apple warning that it will hike prices for its next models.
The most recent earnings report showed that the company’s revenue and profits nosedived in the first quarter. Its revenue dropped to RMB 99.14 billion from RMB 111.29 billion in the same period last year. Smartphone revenue slipped by 10% to RMB79.3 billion.
On the positive side, the smartphone revenue decline was offset by a modest increase in its smart EV, AI, and New Initiatives segment. This segment’s revenue rose by 6.9% to RMB 19.9 billion, helped by more vehicle sales and offset by lower prices. It delivered 80,856 vehicles in Q1, up from 75,869 in the previous quarter.
Its profitability remained under pressure, with the profit for the period dropping to RMB 4.7 billion from the previous RMB 10.89 billion. These dynamics likely continued in the second quarter as its smartphone sales dropped.
Xiaomi stock chart | Source: TradingView
The weekly chart shows that the Xiaomi stock has been under pressure in the past few months as challenges in its business continued. It plunged from H$61.45 in June last year to the current H$25.82.
The stock has slumped below the 61.8% Fibonacci Retracement level, where most rebounds normally happen. It has remained below the 50 and 200 moving averages.
Therefore, the most likely forecast is bearish as traders wait for its next earnings report, which is expected in August. If this happens, there is a risk that it will drop and retest the support of H$21.35.
Stripe a Advent International nabídly za PayPal 60,50 USD za akcii, což firmu oceňuje na více než 53 miliard USD. Nabídka počítá s přibližně 50 miliardami USD zajištěného financování.
A smartphone with the Stripe logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
July 14 - Payments company Stripe and private equity firm Advent International have made a joint offer to acquire PayPal Holdings Inc (PYPL.O), opens new tab for $60.50 per share, in a deal that would value the payments company at more than $53 billion, two people familiar with the matter said.
The offer, submitted earlier this month, is backed by about $50 billion in committed financing from banks, the people said, and represents around a 28% premium to PayPal's closing share price on Tuesday.
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The people declined to be named as the deal discussions are confidential. Advent declined to comment, while PayPal and Stripe did not immediately respond to Reuters requests for comment.
The proposal follows an initial approach made in early April, the sources said. Stripe and Advent have not received a response from PayPal and are seeking to advance discussions in the coming weeks, the sources added.
Under the proposal, Stripe and Advent would jointly own PayPal, with each holding an equal stake, rather than breaking up the company, the people said. There is no certainty the approach will result in a transaction, they added.
Founded in the late 1990s, PayPal was an early player in digital payments, but has faced increasing competition as consumers have embraced alternative payment methods and rivals such as Apple Pay and Google Pay have gained market share.
It has spent the past several years grappling with slowing growth and intensifying competition in digital payments, wiping out much of the value it gained during the pandemic.
The company's market capitalization peaked at about $360 billion in 2021 and fell to as low as roughly $36 billion this year. It has lost more than 40% of its market value over the past 12 months.
After taking over in March, PayPal CEO Enrique Lores started a sweeping turnaround exercise to simplify the payments provider and sharpen its focus on growth.
In April, the company split its operations into three units covering checkout, consumer financial services Venmo, and payments and crypto, while making a series of management changes.
Reporting by Milana Vinn in New York; Editing by Echo Wang, Sumeet Chatterjee and Lincoln Feast
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Milana Vinn reports on technology, media, and telecom (TMT) mergers and acquisitions. Her content usually appears in the markets and deals sections of the website. Milana previously worked at GLG and PE Hub, where she spent several years covering TMT deals in private equity. She graduated from CUNY Graduate School of Journalism with Masters in Business Journalism.
USD/CAD klesl na téměř měsíční minimum a míří k důležitému supportu kolem 1,3965. Loonie podporuje slabší USD, vyšší ceny ropy a očekávání jestřábějšího tónu BoC.
By the time the Bank of Canada announces its policy decision today, the Canadian Dollar has already built a powerful foundation for further gains. USD/CAD has fallen to its lowest level in nearly a month, supported not by a single catalyst but by three reinforcing forces: a broad retreat in the US Dollar after softer inflation data, higher oil prices that strengthen Canada’s export outlook, and growing expectations that the Bank of Canada may sound more hawkish than markets anticipated only a week ago.
The first two drivers have already reshaped the currency outlook. June’s weaker-than-expected US CPI prompted investors to scale back Federal Reserve tightening expectations, weighing on the Dollar across major currency pairs. At the same time, Brent crude has surged above $86 as renewed US-Iran hostilities threaten energy supplies through the Strait of Hormuz. For Canada, rising oil prices are more than just a global inflation story—they improve the country’s terms of trade and typically provide direct support for the Canadian Dollar, helping explain why the Loonie has outperformed most of its peers following the inflation data.
The Bank of Canada now has an opportunity either to reinforce or challenge that momentum. Economists overwhelmingly expect a sixth consecutive hold at 2.25%, making the decision itself unlikely to surprise. The more important question is whether Governor Tiff Macklem adjusts his message in response to oil’s renewed surge. His previous characterization of policy as balancing weaker growth against energy-driven inflation was formed before Brent’s latest rally, meaning the Monetary Policy Report may already understate current inflation risks. Markets will therefore pay closer attention to Macklem’s live assessment than to the published projections.
That leaves the accompanying statement and Macklem’s press conference as the key market events. Investors will focus on whether the Governor continues to describe policy as a balanced dilemma or acknowledges that the renewed energy shock has tilted inflation risks higher. Any discussion of the ongoing CUSMA trade review will also be closely watched, as it remains an important downside risk to Canada’s growth outlook. Even without signaling an imminent rate increase, a modestly more hawkish tone could encourage markets to further increase expectations of tightening in early 2027, where pricing is already becoming increasingly balanced.
Technically, USD/CAD is approaching an important inflection point. While the decline from 1.4247 has accelerated, it is still viewed as a correction within the broader uptrend from 1.3480. Strong support is expected between former resistance at 1.3965 and 38.2% retracement of 1.3480 to 1.4247 at 1.3954. Break of 1.4159 minor resistance will indicae that the correction has completed.
However, a decisive break below 1.3954/65 would suggest the advance from 1.3480 has completed as a three-wave corrective rebound after failing near 61.8% retracement of 1.4791 to 1.3480 at 1.4290. Such a development would shift the near-term technical outlook decisively in favour of further Canadian Dollar strength.
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.
Na Commvault Systems (CVLT) byla rozšířena hromadná žaloba kvůli údajným zkresleným informacím o konkurenci a maržích. Akcie po oznámení výsledků 27. ledna 2026 klesly o 40,23 USD, tedy zhruba 31 %, na 89,13 USD.
, /PRNewswire/ -- Hagens Berman (HBSS), a national shareholder rights firm, alerts investors in Commvault Systems, Inc. (NASDAQ: CVLT) that a newly filed securities class action lawsuit has expanded the alleged class period. The lawsuit now covers investors who purchased or otherwise acquired Commvault securities between January 28, 2025, and January 26, 2026, inclusive.
Hagens Berman is investigating the claims pled in the pending litigation and encourages Commvault investors who suffered substantial losses to submit your losses now.
Expanded Alleged Class Period: Jan. 28, 2025 – Jan. 26, 2026
Lead Plaintiff Deadline: July 17, 2026
Visit: www.hbsslaw.com/investor-fraud/cvlt
Contact the Firm Now: [email protected]
844-916-0895
View our latest video summary of the allegations: www.youtube.com/watch?v=MUMo4d2ZLkI
Expanded Scope of Allegations
The new suit, City of Fort Lauderdale Police and Firefighters' Retirement System v. Commvault Systems, Inc., et al., extends the start of the alleged fraud period from April 29, 2025, back to January 28, 2025. This expansion captures a broader range of investor activity and expands the claims brought against the company and its senior executives regarding their business disclosures.
Focus of CVLT Securities Class Action Litigation:
The litigation alleges that Defendants misrepresented and failed to disclose that:
Commvault's competitive positioning was materially weaker than Defendants had represented to investors; Due to the undisclosed increase in competition, Commvault was forced to make significant concessions on price and contract duration for its software licenses; As these concessions became unsustainable, SaaS became a larger portion of the Company's sales mix; The increasing mix of SaaS sales, which carry shorter term durations and lower ASPs, negatively impacted the Company's margin and NNARR; and As a result, Defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. The truth allegedly emerged before markets opened on January 27, 2026, when Commvault announced its third-quarter fiscal year 20261 financial results. Commvault disclosed NNARR in constant currency of $39 million, missing analysts' expectations of approximately $45 million. Chief Accounting Officer Danielle Abrahamsen ("CAO Abrahamsen") revealed that the mix of SaaS deals increased to "70%" during the quarter and highlighted that "landing these customers at a 2 to 3x smaller ASP than software . . . does have a significant impact on ARR."
On this news, the price of Commvault common stock fell $40.23 per share, or about 31%, to close at a price of $89.13 per share on January 27, 2026.
HBSS Investigation
"We continue to investigate whether Commvault misled investors about its operational performance and financial reporting during the alleged expanded class period, as the new complaint contends" said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the pending claims.
If you invested in Commvault and have substantial losses, or have knowledge that will assist the firm's investigation, submit your losses now.
If you'd like more information and answers to frequently asked questions about the Commvault case and the firm's investigation, read more »
Whistleblowers: Persons with non-public information regarding Commvault should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
Prediction markets are crypto’s quiet killer app. Polymarket proved that during the 2024 US election cycle. Now Hyperliquid wants a piece of the action, and Outcome.xyz is the team trying to blow the doors open.
The push is simple: let anyone deploy a prediction market on Hyperliquid’s infrastructure without needing permission from validators or anyone else. It hasn’t happened yet. And the community is making noise about it.
What HIP-4 built, and what it’s missing Hyperliquid launched its HIP-4 outcome markets on mainnet back on May 2. These are binary contracts that settle to either 0 or 1, essentially yes-or-no bets baked directly into Hyperliquid’s core trading engine, HyperCore. Shared order books, shared margining, shared data feeds.
Outcome.xyz was the team that deployed the first wave of these markets. They started with recurring daily BTC price binaries, the kind of straightforward contract that lets you stress-test plumbing without getting too creative. Early trading volumes hit several million dollars in notional value on the first days alone.
But here’s the thing: every single market that exists right now had to go through Hyperliquid’s validators. There’s no self-serve option. As of mid-July, permissionless deployment still hasn’t gone live.
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Why permissionless matters Hyperliquid’s current model relies on validators to both approve and settle markets. Instead of trusting some external oracle service to report outcomes, Hyperliquid’s own validator set handles settlement. It reduces a major attack surface that has plagued prediction markets for years.
But validator gating for market creation means the menu of available markets is limited to whatever gets approved through that process. Community feedback on July 14 made the frustration clear, with calls for permissionless rollout “asap.”
Outcome.xyz appears to be the team most actively pushing this forward. As the primary frontend developer for HIP-4 markets, they have both the technical proximity and the incentive to see the gates come down.
The competitive chess match Hyperliquid isn’t entering an empty room. Polymarket remains the dominant on-chain prediction platform, and Kalshi has carved out a regulated niche in the US market. Both have significant head starts in liquidity, user base, and market variety.
What Hyperliquid brings to the table is integration. Hyperliquid’s pitch is that prediction markets live inside the same trading engine as perpetuals, spot markets, and everything else on the platform. A trader doesn’t need to move capital to a separate protocol to place a prediction bet. If you’re already running a strategy on Hyperliquid’s perpetuals, you can allocate margin to prediction markets without fragmenting your capital across platforms.
The 2026 FIFA World Cup represents exactly the kind of global event that drives massive prediction market volume, and a permissionless rollout before or during the event could serve as a significant catalyst for adoption.
Volumes on HIP-4 markets remain modest compared to dedicated prediction platforms. Several million dollars on launch days is encouraging infrastructure validation, not market dominance.
What investors should watch The permissionless deployment timeline is the single most important variable here. Until third-party builders can create markets freely, HIP-4 remains a proof of concept rather than a competitive product.
The validator-as-oracle settlement model eliminates oracle risk, which is a real problem that has caused costly misresolutions on other platforms. But it also means every market outcome depends on validator consensus, and as market variety expands into subjective or ambiguous territory, that consensus mechanism will be tested in ways that simple BTC price binaries never will.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Zástupci ekosystému Hyperliquid se setkali s pracovní skupinou SEC pro krypto, aby řešili regulaci decentralizovaných perpetual trhů. Schůzka potvrzuje jednání s regulátorem, ne schválení.
14 July 2026 | 23:44 Representatives connected to the Hyperliquid ecosystem met with the U.S. Securities and Exchange Commission’s Crypto Task Force on July 14, 2026, bringing the architecture of decentralized perpetual markets into the agency’s regulatory discussions.
Key Takeaways SEC task force met Hyperliquid ecosystem representatives. Talks focused on decentralized perpetual market regulation. HIP-3 separates market deployment from core execution. Meeting confirms engagement, not regulatory approval. U.S. access still requires concrete regulatory action. According to the SEC’s official meeting memorandum, the participants represented the Hyperliquid Policy Center, XYZ Ltd. and Sullivan & Cromwell LLP. The stated topic was how regulators could address issues involving crypto assets.
What the SEC Filing Actually Confirms The attached meeting request sought to brief the task force on the Hyperliquid protocol’s technology, markets and relevant ecosystem participants. It described Hyperliquid Labs as a software contributor and XYZ as a research and product laboratory operating a HIP-3 deployment for traditional-asset perpetual markets.
The proposed attendee list included Hyperliquid Policy Center CEO Jake Chervinsky, policy counsel Bradley Bourque, Hyperliquid founder Jeff Yan, XYZ representative Collins Belton and four lawyers from Sullivan & Cromwell.
The disclosure is more limited than a formal policy proposal. It does not publish a detailed technical presentation, identify specific exemptions requested from the SEC or record any commitments made by the agency. The meeting therefore confirms regulatory engagement, not approval of Hyperliquid, HIP-3 products or access for U.S. traders.
HIP-3 Separates Market Design From Trade Execution The policy question is complicated by how responsibilities are distributed under Hyperliquid Improvement Proposal 3.
HIP-3 allows independent builders to deploy perpetual markets without relying on a centralized listing committee. Each deployer is responsible for several functions that would normally sit with a derivatives venue:
Market definition: selecting the reference asset, contract specifications and oracle methodology. Risk controls: setting leverage limits and determining whether an asset is eligible for cross-margin treatment. Market operation: publishing oracle prices and settling or halting the contract when necessary. A mainnet deployer must maintain a stake of 500,000 HYPE. Validators can slash that stake through a weighted vote when irregular deployer inputs harm protocol correctness, uptime or performance. Slashed tokens are burned rather than distributed as compensation to affected traders.
Trade execution remains inside HyperCore, Hyperliquid’s native trading system. It provides the order books and margining infrastructure, although every HIP-3 exchange retains independent settings and its own market configuration. Cross-margining is not automatic: enabling it is irreversible and requires sufficient external liquidity, a dependable oracle and resistance to price manipulation.
XYZ illustrates that division of responsibilities. Its technical documentation states that HyperCore manages matching, order types, funding, liquidations and auto-deleveraging. XYZ supplies the bespoke oracle, mark price and external price used for its markets through distributed relayers that submit updates approximately every three seconds.
These contracts provide synthetic exposure rather than ownership of the referenced asset. An equity perpetual settled in USDC does not deliver the underlying share, making it legally and economically different from a tokenized security representing ownership rights. The distinction leaves regulators with separate questions around the derivative itself, the trading infrastructure, the oracle operator and any interface providing access.
The regulatory discussion is unfolding as Hyperliquid becomes more important to the economics of stablecoin distribution. JPMorgan recently lowered its earnings estimates for Circle and Coinbase, arguing that their revised USDC arrangement with Hyperliquid could pressure margins as both companies seek to preserve the stablecoin’s dominant position on the platform. The frequently cited $160 million figure represents estimated reserve yield that could be redirected under the arrangement, rather than a confirmed net loss.
The SEC Agenda Offers a Framework, Not a HIP-3 License The meeting took place one week after SEC Chair Paul Atkins published a statement on the agency’s 2026 Regulatory Agenda. Atkins said the Commission intends to establish clearer rules for crypto fundraising, custody and the trading of tokenized securities onchain.
Three pending workstreams are relevant to the broader Hyperliquid discussion: The SEC is considering exemptions and safe harbors for crypto-asset offerings. Proposed amendments could apply broker-dealer net-capital, customer-protection and recordkeeping rules to crypto-asset activities under Rules 15c3-1 and 15c3-3. A separate project would adapt Exchange Act rules for crypto trading on alternative trading systems and national securities exchanges. None of those entries expressly creates a pathway for permissionless perpetual markets. The SEC’s agenda primarily concerns securities offerings, broker-dealers and securities-trading venues, while the operation of derivatives markets also raises Commodity Exchange Act questions overseen by the Commodity Futures Trading Commission.
Hyperliquid’s policy effort is consequently proceeding on both tracks. In a July 9 submission to the CFTC, the Hyperliquid Policy Center and Phantom asked the derivatives regulator to distinguish software development from regulated financial intermediation.
Their proposed model would keep registration and compliance obligations with entities that handle customer orders, control funds or enter transactions, rather than automatically imposing them on developers publishing protocol code. The submission also called for regulated exchanges, clearing organizations and futures commission merchants to be allowed to use public blockchain infrastructure, subject to their existing market-surveillance, segregation and customer-protection duties.
U.S. Access Still Depends on Concrete Regulatory Action The SEC meeting creates a channel for explaining how Hyperliquid divides functions among validators, deployers, interfaces and users. It does not resolve which participants would need registration when a HIP-3 market references equities, indices or other traditional assets.
The current TradeXYZ disclaimer states that its interface is unavailable to U.S. persons. Changing that position would require more than a policy discussion: regulators would need to define the accountable entity for listing, market surveillance, oracle governance, margining, customer access and settlement.
Evidence of substantive progress would include a proposed SEC or CFTC rule covering onchain market infrastructure, formal guidance separating protocol development from market operation, registration by a venue using HyperCore or published exemptive relief addressing non-custodial access. Until one of those steps occurs, the July 14 session should be treated as regulatory engagement rather than authorization.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Pump.fun začal uvolňovat odemčené $PUMP tokeny 14. července a za první hodinu přesunul přes 6 milionů USD; celkově přesuny přesáhly 19 milionů USD. Jde o součást unlocku z 12. července, kdy bylo uvolněno asi 82,5 miliardy tokenů.
Pump.fun, the Solana-based memecoin launchpad that became a cash machine in 2024, just started writing checks. On July 14, the platform’s team wallet began distributing unlocked $PUMP tokens, moving over $6 million worth in the first hour alone. By the time the dust settled, total distributions had blown past $19 million.
The transfers are part of a broader unlock event that hit on July 12, two days prior, when approximately 82.5 billion $PUMP tokens were released from their vesting schedule. That release, roughly 29% of the token’s circulating supply at the time, marked the first major cliff unlock since Pump.fun’s initial coin offering a year ago.
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Where the tokens went Here’s the breakdown. Of the 82.5 billion tokens unlocked, about 50 billion were earmarked for the team and 32.5 billion for early investors. In total, around 52 billion $PUMP tokens, valued at approximately $76 million, were distributed from the team wallet.
That still leaves roughly $60 million worth of tokens sitting in the treasury.
The $PUMP token has a total supply of 1 trillion tokens. The tokenomics split looks like this: 20% allocated to the team, 13% to existing investors, 24% to the community and ecosystem, with smaller tranches going to the foundation, liquidity provisions, and an ecosystem fund. The remaining 33% was sold during the 2025 ICO, which raised roughly $1.32 billion.
The platform behind the token Pump.fun generated hundreds of millions in platform fees since its launch, with daily revenue peaking above $7 million during the memecoin frenzy.
The $PUMP token itself launched via ICO in mid-2025, and the vesting schedule was designed with a one-year cliff followed by linear unlocks. The July 12 event was that cliff coming due.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Canaan Inc., the company that builds the machines other people use to mine Bitcoin, has been quietly stacking its own pile. The NASDAQ-listed mining hardware manufacturer disclosed its June 2026 unaudited mining performance on July 14, revealing a net addition of 49 BTC to its corporate treasury.
That brings the company’s total Bitcoin stash to 1,915 BTC, valued at approximately $123.5 million. Alongside the 1,915 BTC, Canaan also holds 3,952 ETH.
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The numbers behind Canaan’s June mining haul Canaan’s self-mining operations produced 64 BTC during June 2026. The net addition of 49 BTC reflects the difference between gross mining output and what ends up staying on the balance sheet. Some of those Bitcoin came from customer payments for hardware sales, meaning the company is accepting BTC as payment and holding it rather than converting to fiat.
According to Bitcoin treasury trackers, Canaan now ranks approximately 33rd among public companies globally in terms of Bitcoin holdings.
A strategy that started paying off a year ago The company formally adopted its digital asset holding policy in July 2025, making an explicit corporate commitment to building long-term BTC reserves. At that point, the firm held roughly 1,484 BTC.
By the end of May 2026, the company held 1,867 BTC, meaning the June addition of 49 BTC net represents a steady monthly cadence of accumulation. From July 2025 to July 2026, the treasury has grown from 1,484 BTC to 1,915 BTC — an increase of about 431 BTC, or roughly 29%, in a single year.
As an ASIC chip designer and manufacturer, Canaan sits at the intersection of hardware production, self-mining operations, and treasury management. Unlike companies that issue debt or equity to fund BTC purchases, Canaan generates Bitcoin through its mining operations and receives it as payment from customers.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Maelstrom udělil šestý grant z programu Bitcoin Grant Program Tadge Dryjovi, spolutvůrci Lightning Network. Prostředky mají podpořit výzkum obrany Bitcoinu proti hrozbě kvantových počítačů.
Maelstrom, the family office run by BitMEX co-founder Arthur Hayes, just handed its sixth Bitcoin Grant Program award to one of the network’s most quietly important builders. Tadge Dryja, best known as a co-creator of the Lightning Network, will use the funding to research how to harden Bitcoin against the looming threat of quantum computers.
What Dryja is actually working on The grant supports Dryja’s research into post-quantum cryptographic defenses for Bitcoin. Bitcoin’s current security relies on elliptic-curve cryptography, which works brilliantly against today’s computers. The concern, shared by a growing number of researchers, is that sufficiently powerful quantum machines could eventually break those protections.
Dryja has already been working on solutions. He’s developed a commit/reveal scheme he calls “Lifeboat,” designed to protect transactions from quantum attacks. He’s also proposed a mechanism called OP_CIV for post-quantum signature aggregation, which would let Bitcoin verify quantum-resistant signatures more efficiently.
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Dryja’s broader body of work includes Utreexo, a data structure that could dramatically reduce the storage requirements for running a Bitcoin full node.
Inside the Maelstrom Bitcoin Grant Program Maelstrom launched its Bitcoin Grant Program on July 17, 2024. The program offers grants between $50,000 and $150,000 for a 12-month period, paid out monthly in BTC, USDC, or USDT. The focus areas are resilience, scalability, censorship resistance, and privacy.
Dryja is the sixth recipient. A June 2026 annual report detailed the accomplishments of four prior grantees, whose work has spanned privacy-enhancing tools like Payjoin and Silent Payments, along with scalability improvements to Bitcoin Core.
Payjoin is a transaction method that makes blockchain analysis significantly harder by blending sender and receiver inputs. Silent Payments let users receive Bitcoin without reusing addresses, which is a privacy upgrade that sounds boring until you realize address reuse is one of the easiest ways to deanonymize someone on-chain.
The specific dollar amount of Dryja’s grant hasn’t been disclosed. But given the program’s stated range, we’re looking at something in the $50,000 to $150,000 neighborhood.
The quantum clock is ticking, kind of No quantum computer today can break Bitcoin’s cryptography. Current machines don’t have nearly enough stable qubits to run Shor’s algorithm against the elliptic curves Bitcoin uses. The National Institute of Standards and Technology has already standardized several post-quantum cryptographic algorithms for broader use, which creates a foundation that Bitcoin researchers can build on.
Dryja’s Lifeboat proposal doesn’t require Bitcoin to adopt entirely new signature schemes overnight. Instead, it creates an emergency mechanism that users could activate to protect their funds if quantum capabilities suddenly leapt forward.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SharpLink tento týden vytěžil 499 ETH ze stakingu a celkovou držbu zvýšil na 887 673 ETH. Od spuštění své treasury strategie už ze stakingu získal 23 490 ETH. Jde o druhou největší veřejně obchodovanou ETH pokladnici.
SharpLink, the Nasdaq-listed Ethereum treasury company trading under the ticker SBET, pulled in 499 ETH from staking rewards in just the past week. That brings the company’s cumulative staking haul to 23,490 ETH since it kicked off its treasury strategy, and its total Ethereum holdings now sit at 887,673 ETH.
For context, that’s the second-largest Ethereum stash held by any publicly traded company on the planet. The only outfit holding more is Bitmine Immersion Technologies (BMNR), which controls over 5.7 million ETH.
The MicroStrategy playbook, but for Ethereum SharpLink provides what it calls structured equity exposure to Ethereum. Investors buy SBET stock on Nasdaq, and that stock price is heavily tied to how much ETH the company holds per share. It’s a way to get Ethereum exposure through a traditional brokerage account without touching a wallet or an exchange.
SharpLink actively stakes its holdings. That 499 ETH earned in a single week is essentially passive income generated from helping secure the Ethereum network. The 23,490 ETH accumulated through staking alone represents a meaningful addition to the balance sheet without the company spending a single dollar.
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SharpLink maintains a public ETH dashboard that breaks down its holdings, staking rewards, and per-share ETH concentration metrics. The average purchase price across its entire portfolio sits at $3,586 per ETH, according to that dashboard.
Recent buying spree signals confidence SharpLink resumed active Ethereum purchases in June 2026 after what appears to have been a pause in direct buying. On June 25, the company scooped up 5,000 ETH. Shortly after, it grabbed another 10,000 ETH at an average price of $1,611 per coin. That’s notably below its overall portfolio average of $3,586, which means those recent buys actually improved the company’s cost basis.
The purchases pushed total holdings from approximately 872,984 ETH in May 2026 to the current 887,673 ETH figure. That’s a net increase of roughly 14,700 ETH in about two months, combining both direct purchases and staking rewards.
The company funds these acquisitions partly through at-the-market equity offerings, a mechanism that lets it sell new shares gradually at prevailing market prices rather than through a single large offering. It also executes share repurchases, creating a two-way flow that management can use to manage dilution and signal confidence.
The competitive landscape for public ETH treasuries SharpLink’s position as the number-two public Ethereum holder is noteworthy because this category barely existed a couple of years ago. Bitmine Immersion Technologies, the leader in this space, holds over 5.7 million ETH. SharpLink’s nearly 888,000 ETH treasury held approximately 521,939 ETH as of August 2025. By May 2026, that had grown to roughly 872,984 ETH. Now it’s at 887,673 ETH. The company has added over 365,000 ETH to its balance sheet in less than a year.
That 499 ETH weekly staking reward represents roughly a 0.056% weekly return, or about 2.9% annualized if the rate holds steady. Those staking rewards get added to the total, which then generates more rewards the following week.
What this means for investors For anyone watching SBET as a proxy for Ethereum exposure, the key metric isn’t just total ETH held. It’s ETH per share. At-the-market offerings dilute the share count, while ETH purchases and staking rewards increase the numerator. The interplay between those two forces determines whether shareholders are actually gaining or losing ETH exposure over time.
SharpLink’s dashboard transparency is designed to address exactly this concern, giving investors real-time visibility into whether the company is creating or destroying value on a per-share basis.
The recent purchases at $1,611 suggest management sees current prices as attractive. Buying ETH at roughly 55% below the portfolio’s average cost of $3,586 also means the overall position was significantly underwater at the time of purchase.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitmine za poslední čtvrtletí vykázal příjmy 45,7 milionu USD ze stakingu Etheru a validátorů, což tvořilo asi 98 % celkových příjmů. Při plném nasazení odhaduje roční odměny ze stakingu ETH na 284 milionů USD.
Bitmine Immersion Technologies reported $45.7 million in revenue from Ether staking and validator operations for the most recent quarter, reflecting a major shift in the company’s business model following the introduction of its institutional-grade Ethereum staking platform in March.
Staking dominates revenue streamsFor the three months ending May 31, staking activities contributed approximately 98% of Bitmine’s total revenue, according to the company’s latest 10-Q filing. In contrast, self-mined Bitcoin operations generated $624,000, while consulting services added $168,000.
Bitmine disclosed that it has allocated 85% of its Ether holdings—about 4.9 million ETH—into staking. Chairman Tom Lee stated that this is the largest amount of ETH staked by any single entity worldwide.
Bitmine’s projected annual ETH staking reward reaches $284 million at full scale, when both the company’s and its partners’ Ether are fully staked through MAVAN and affiliated staking operations.
A year ago, Bitmine’s quarterly revenue totaled $2 million, driven mainly by equipment leasing, highlighting how the company’s focus on Ethereum staking has transformed its income structure.
Launch and expansion of MAVAN platformThe launch of MAVAN in March marked a new phase for Bitmine. MAVAN, an institutional-grade Ethereum staking service, manages validator infrastructure on behalf of Bitmine and external customers. The platform emerged after Bitmine’s acquisition of Pier Two Holdings, an Australian operator specializing in non-custodial validator services.
Originally developed to support Bitmine’s own Ethereum treasury, MAVAN has grown to serve institutional investors, custodians, and partners within the Ethereum ecosystem.
Mini dictionary: MAVAN (Made in America VAlidator Network) is a staking and validator infrastructure platform focused on institutional-grade Ethereum staking, supporting both Bitmine’s assets and third-party clients.
Robinhood Chain drives Ethereum growthBitmine’s chairman Tom Lee also pointed to the rapid success of Robinhood Chain, a new decentralized trading platform that launched on July 1. He reported that dollar trading volumes on Robinhood Chain have already surpassed $1 billion.
According to Lee, Robinhood Chain now handles more trading volume than any other decentralized exchange, underscoring both its significance and the utility of Ethereum as the underlying blockchain.
Robinhood Chain, utilizing ETH as its native gas token, has introduced millions of users to Ethereum-based transactions, with all network fees and settlement processes occurring directly on the Ethereum blockchain.
Lee emphasized that Robinhood’s 27 million users are now paying transaction fees in ETH, signaling a shift toward mainstream viewing of ETH as a form of money within the platform’s ecosystem.
Quarter EndedTotal RevenueStaking RevenueBTC MiningConsultingMay 31, 2026$45.7 million$44.8 million$624,000$168,000May 31, 2025$2 millionNot disclosedMajority of revenueMinimalDisclaimer: 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.
Circle vyhrála arbitráž proti fondu Heka Funds podporovanému Tetherem, který byl z platformy vyloučen kvůli podezření z manipulace trhu. Fond požadoval 49 milionů USD na ušlém zisku.
The stablecoin cold war just got a lot less cold. Circle, the company behind USDC, banned a Tether-backed investment fund from its platform in late 2023 over concerns that the fund was engaging in trading activity designed to manipulate markets in favor of Circle’s biggest rival.
The fund fought back with a $49 million arbitration claim. It lost. And now the details are public, offering a rare window into just how aggressively the two dominant stablecoin issuers are competing for control of a market worth roughly $307 billion.
What happened with Heka Funds The fund in question is Heka Funds, a Malta-based investment vehicle managed by London’s Abraxas Capital Management and backed by Tether. Circle determined that Heka’s trading patterns on its platform looked suspiciously like market manipulation, specifically the kind that would benefit Tether at Circle’s expense.
That’s exactly what Circle did. It banned Heka Funds from its platform entirely.
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Heka didn’t take it quietly. The fund initiated arbitration proceedings in 2024, claiming Circle’s ban cost it $49 million in lost profits. The arbitrator disagreed. The ruling came down in Circle’s favor, validating the company’s decision to remove Heka from its ecosystem.
The stablecoin rivalry beneath the surface To understand why this matters, you need to understand the dynamics between USDC and USDT. These two tokens together dominate the stablecoin market, which sits at approximately $307 billion in total value. Tether’s USDT is the larger of the two by a significant margin, but Circle’s USDC has carved out its own substantial position, particularly among institutional users and in regulated markets.
Tether has long operated with a degree of opacity that has drawn scrutiny from regulators and skeptics alike. Circle, by contrast, has positioned itself as the compliance-first alternative, publishing regular attestation reports and pursuing a more transparent operational model.
Whether Tether itself had any direct involvement in or knowledge of Heka’s trading strategies remains unclear from the available details. But the optics alone, a Tether-backed entity accused of manipulating markets on Circle’s platform, tell you everything about the trust deficit between these two camps.
What this tells us about stablecoin oversight This dispute, which became public on July 14, highlights a broader shift in how stablecoin issuers police activity on their platforms.
Circle’s decision to ban Heka suggests that stablecoin issuers are now treating platform surveillance as a core business function. When your token’s credibility depends on maintaining a stable peg and market confidence, letting potentially manipulative trading slide is an existential risk.
What this means for investors The $49 million arbitration claim from Heka puts a number on the financial stakes. That figure represents what a single fund claims it lost from being cut off from Circle’s ecosystem.
Circle’s arbitration victory gives it a concrete data point to present to institutional allocators who care about governance and risk management.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
0x Protocol od svého spuštění v roce 2016 zprostředkoval objem obchodů přes 200 miliard USD a jeho Swap API používá více než 500 týmů na více než 20 blockchainech.
0x Protocol has facilitated over $200 billion in cumulative trading volume since its 2016 launch, with more than 500 teams integrating its Swap API across 20 or more blockchains. The protocol’s core innovation uses off-chain order relay with on-chain settlement, reducing gas costs by keeping order matching off the blockchain while settling trades on-chain securely. In June 2026, 0x launched a Cross-Chain API with 12 bridge partners, enabling asset transfers between different blockchain networks through a single developer integration point. ZRX’s market capitalization sits between $85 million and $100 million as of April 2026, despite powering infrastructure used by Coinbase, MetaMask, Robinhood, and Phantom wallet. A January 2026 SwapNet exploit drained $13.4 million from Matcha Meta users through a third-party routing contract, though 0x’s core protocol contracts remained uncompromised throughout. 0x Protocol is open-source infrastructure that enables decentralized token trading across multiple blockchains. It does not operate as a single exchange. Instead, it provides a standardized set of smart contracts and developer tools that allow applications to embed swap functionality without building their own order matching systems.
CoinMarketCap’s overview describes it as a universal liquidity layer that aggregates pricing from automated market makers and order books across 16 or more blockchains. The protocol matters because fragmented liquidity is the central problem in decentralized finance. Hundreds of exchanges and liquidity pools exist across different blockchains, each with different pricing and depth.
0x aggregates these sources through its Swap API, allowing wallets like MetaMask and Phantom, exchanges like Coinbase and Robinhood, and portfolio trackers to offer best-price execution without connecting to each liquidity source individually. Over 500 teams have integrated the API, according to Bitget’s analysis.
Analysis: The gap between 0x’s infrastructure usage and its token valuation is the protocol’s defining tension. The platform has facilitated over $200 billion in volume, yet ZRX trades at a market cap of approximately $85 million to $100 million as of April 2026. That is roughly what a mid-sized restaurant chain might be worth.
How Off-Chain Relay and On-Chain Settlement Work 0x’s foundational innovation from 2017 separated order management from trade execution. Older decentralized exchanges put every step on the blockchain.
Order placement, cancellation, matching, and settlement all consume gas fees. 0x moved the first three steps off-chain, recording only the final trade on the blockchain. That hybrid approach reduced costs while preserving decentralized settlement security, as Gate Learn explained.
The system operates through three participants: Makers supply liquidity and set pricing by signing orders off-chain. Relayers host and distribute these order books. Takers accept trade offers, and when a taker agrees to a maker’s price, 0x’s smart contracts settle the swap on-chain, ensuring both sides complete simultaneously.
The v4 Settler contract suite handles the final atomic settlement. In 2024, 0x v2 introduced a new pricing engine designed specifically for on-chain applications, optimizing trade execution and expanding liquidity source access.
As of 2026, the protocol supports over 20 chains: Ethereum, Base, Arbitrum, Optimism, Polygon, BSC, Avalanche, Scroll, Linea, Blast, Mode, Mantle, Unichain, Berachain, Ink, Plasma, Sonic, and Monad, according to Bitget’s pricing analysis. In March 2026, the team announced that HyperEVM, a high-performance Ethereum Layer 2, went live via the 0x Swap API.
The ZRX Token and Its Governance Role ZRX is the ERC-20 governance and utility token powering the 0x Protocol. Holders vote on protocol upgrade proposals known as ZEIPs, treasury allocation decisions, and expansion to new blockchains through the community DAO.
Staking is built into the system: liquidity providers stake ZRX to earn a share of trading fees from market-making activity. Delegators can assign their ZRX to high-performing market makers and earn rewards, as described in Bitget’s 2026 protocol guide.
Whether governance plus staking creates sufficient economic demand to support ZRX at scale remains the token’s central question. The protocol generated the same fee structure whether ZRX was priced at $0.08 or $2.53, its all-time high from January 2018.
In late 2025 and early 2026, ZRX faced reduced exchange accessibility, with margin and spot trading pairs delisted from Binance and a full delisting from Bitfinex, as CoinMarketCap’s analysis noted. In March 2026, Dune Analytics launched Dune Enterprise in partnership with 0x, providing enterprise-grade on-chain analytics to monitor trader behavior and liquidity routing.
The most significant product launch was Matcha Meta, a meta-aggregator that routes trades to whichever DEX aggregator offers the best execution at any moment, sitting on top of all major aggregators, including 0x itself.
The SwapNet Exploit and Protocol Security In January 2026, a $13.4 million exploit affected Matcha Meta users through a third-party routing contract called SwapNet. The contract was closed-source and lacked sufficient validation of user-supplied parameters, allowing an attacker to redirect funds that users had approved for trading.
The 0x team confirmed that its core protocol contracts were not compromised, and the affected contract was disabled, according to Bitget’s chronology. The incident underscored persistent DeFi security risks but did not affect the core protocol’s integrity. 0x continues to operate a bug bounty program to detect vulnerabilities before exploitation.
The broader question for DeFi protocol security is whether aggregator architectures that route through third-party contracts can adequately vet every integration partner.
Regulatory Implications 0x Protocol operates as a permissionless infrastructure with no centralized controlling entity. Treasury’s March 2026 report to Congress acknowledged that the BSA/AML framework does not fully account for DeFi protocols with distributed governance.
The SEC’s Crypto Task Force has discussed balancing financial privacy with national security transparency. Whether infrastructure protocols like 0x face direct regulatory obligations depends on pending congressional clarification.
What’s Next? The Cross-Chain API, launched in June 2026 with 12 bridge partners, represents 0x’s push beyond single-chain liquidity aggregation. Solana ecosystem integration and continued HyperEVM support expand the protocol’s addressable market. A long-standing community debate about implementing sustainable protocol fees remains unresolved.
If fees are introduced, they could create direct token-level value capture but risk making 0x less competitive against rivals like Uniswap and 1inch. Token performance projections are speculative and should not be treated as financial guidance. Digital assets carry a significant risk of loss.
FAQs What is 0x Protocol?
0x Protocol is an open-source infrastructure providing smart contracts and APIs that enable decentralized token trading across 20 or more blockchains without requiring a centralized exchange intermediary.
How does 0x reduce trading costs?
0x uses off-chain order relay with on-chain settlement, keeping order matching and management off the blockchain to avoid gas fees while settling only the final trade on-chain securely.
What is ZRX used for?
ZRX is the governance and utility token that allows holders to vote on protocol upgrades, stake for trading fee rewards, and participate in treasury decisions through the 0x DAO.
Which apps use the 0x Protocol?
Over 500 teams integrate 0x, including major products like Coinbase, MetaMask, Robinhood, and Phantom Wallet, using its Swap API to offer best-price decentralized token trading.
Is 0x Protocol the same as a DEX?
0x Protocol is not an exchange for end users but rather a trading protocol layer that provides liquidity aggregation and order routing infrastructure for wallets and DEX platforms.
What blockchains does 0x support?
0x supports over 20 blockchains as of 2026, including Ethereum, Solana, Base, Arbitrum, Optimism, Polygon, BSC, Avalanche, Monad, Scroll, Linea, and several additional networks.
Was the 0x Protocol hacked in 2026?
In January 2026, a $13.4 million exploit affected Matcha Meta users through a third-party SwapNet contract, but 0x’s core protocol smart contracts remained uncompromised throughout.
References What Is 0x Protocol (ZRX) And How Does It Work (CoinMarketCap, 2026) 0x Protocol (ZRX) Price Prediction and Analysis (Bitget, April 2026) 0x Protocol Complete Guide (Gate Learn, April 2026) 0x Protocol 2026: Cross-Chain DeFi Guide (Bitget Academy, March 2026)
Anchorage Digital, the $4.2 billion crypto bank with a federal charter, now supports TRON network staking and custody for TRC-20 assets. The integration gives institutional players a regulated pathway into a blockchain that quietly handles more stablecoin volume than most competitors combined.
What Anchorage is actually offering Anchorage first announced its intention to integrate the TRON blockchain on March 26, 2026, starting with custody services for TRX, TRON’s native token, alongside support for TRC-20 assets. Those are the tokens built on TRON’s network, similar to how ERC-20 tokens sit on Ethereum.
As of July 2026, the custody piece for TRX is fully operational. Native TRX staking is being rolled out in phases. That staking component matters because it transforms TRX from a dormant balance sheet item into a yield-generating asset for institutional portfolios.
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Anchorage co-founder Nathan McCauley and TRON founder Justin Sun have both signaled that the collaboration is designed to enhance secure institutional access to TRON’s ecosystem.
Why a federally chartered bank matters here Founded in 2017, Anchorage became the first nationally chartered digital asset bank in the US when the Office of the Comptroller of the Currency granted it a trust charter in January 2021. Its investor roster includes Andreessen Horowitz, Goldman Sachs, KKR, GIC (Singapore’s sovereign wealth fund), and Visa.
TRON’s quiet dominance in stablecoins TRON’s mainnet launched in May 2018 under founder Justin Sun. The volume of USDT circulating on TRON exceeds $86 to $90 billion as of early 2026. The network’s 370 million-plus user accounts signal genuine adoption at scale.
What this means for investors The immediate implication is straightforward: institutional capital now has a compliant channel to gain exposure to TRX and TRC-20 tokens. First comes custody (check). Then comes staking yield (in progress).
TRON’s association with Justin Sun, who has faced regulatory scrutiny and legal actions in multiple jurisdictions, remains a consideration for compliance-conscious institutions. Anchorage’s federal oversight arguably mitigates some of that reputational risk by providing a layer of regulatory validation, but it doesn’t eliminate it entirely.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Chainlink hlásí 43,3 mld. USD v TVS a 32,18 bil. USD v kumulativní hodnotě transakcí (TVE). Projekt zároveň eviduje 19,59 mld. ověřených on-chain datových výstupů.
Chainlink Posts $43.3B TVS and $32.18T in Cumulative Transaction Value@chainlink is reporting $43.3 billion in Total Value Secured (TVS) and $32.18 trillion in cumulative Transaction Value Enabled (TVE), along with 19.59 billion onchain verified data outputs. The numbers, shared by the project, reflect the scale of infrastructure quietly sitting beneath much of decentralized finance today.
TVS and TVE measure two distinct things. TVS represents the aggregate dollar value of assets currently dependent on Chainlink's oracles across DeFi protocols. TVE is the all-time sum of transaction value that Chainlink's services have helped facilitate since inception. As Chainlink's own metrics page notes, TVE is calculated by taking the sum of the USD value associated with each transaction utilizing a Chainlink oracle.
To put the TVS figure in context: it is not the same as total value locked, the metric most DeFi observers focus on. TVS measures the value of assets that depend on a network's data services, whether that is price feeds for lending protocols or cross-chain token transfers. A single price feed can underpin value across dozens of protocols on multiple networks simultaneously.
Institutional Adoption and Expanding Network ReachThe figures sit within a broader growth story for the network. Chainlink's Q1 2026 quarterly review showed its Cross-Chain Interoperability Protocol (CCIP) processed over $18 billion in transfer volume during the quarter, a 319% year-over-year increase. The same period saw Amundi, Europe's largest asset manager, launch a tokenized mutual fund powered by Chainlink that reached $400 million in assets under management within three weeks. Robinhood also named Chainlink as the oracle platform for Robinhood Chain, and the Bank of England selected the network to participate in its Synchronisation Lab for synchronized settlement between central bank money and onchain securities.
On the institutional side, data tracked by CoinLaw shows Chainlink holds roughly 59% of the tracked oracle market by TVS, with its CCIP now certified to SOC 2 Type 2, SOC 2 Type 1, and ISO/IEC 27001:2022 standards. Major financial institutions including Swift, Euroclear, Fidelity International, UBS, and J.P. Morgan's Kinexys have adopted Chainlink's infrastructure.
The $LINK token has not kept pace with network growth in this cycle, but the protocol's operational metrics continue to move in one direction. For a piece of infrastructure that most users never directly interact with, Chainlink's reach across DeFi and traditional finance is difficult to ignore.
Sources
Chainlink Official Metrics, chain.link
Chainlink Q1 2026 Quarterly Review, chain.link
Chainlink Statistics 2026: TVS, CCIP and Market Share, CoinLaw
LINK vzrostl o více než 5 % poté, co Mantle dokončil migraci svého Super Portal za 2,5 miliardy USD na CCIP od Chainlinku. Tím se zvýšila poptávka po LINK.
Chainlink price has jumped more than 5% after Mantle completed the migration of its $2.5 billion Super Portal to Chainlink’s cross-chain infrastructure, extending a crypto market rally driven by softer U.S. inflation data.
Summary
Chainlink price rose over 5% after Mantle migrated its $2.5 billion Super Portal to Chainlink’s CCIP. Whale accumulation, rising open interest, and record wallet growth have strengthened LINK’s bullish momentum. Technical indicators point to $8.40 as the next key resistance, while losing $8.00 could weaken the rally. According to data from crypto.news, Chainlink (LINK) price traded around $8.29 after briefly touching $8.40, extending its weekly gain to roughly 7%.
The move came as Bitcoin climbed above $64,600 and Ethereum approached $1,875 after U.S. inflation data strengthened expectations that the Federal Reserve could adopt a less restrictive policy later this year. Total crypto market capitalization also advanced more than 3% to about $2.30 trillion.
Mantle’s infrastructure upgrade adds to a string of recent enterprise integrations for Chainlink. Aave recently selected the protocol for automated vault rebalancing, while Robinhood has incorporated Chainlink infrastructure into its expanding Layer-2 ecosystem.
Network adoption has also continued on-chain, with the number of non-empty Ethereum wallets holding LINK surpassing 900,000 for the first time.
On-chain accumulation suggests large investors positioned ahead of the announcement rather than reacting afterward. Wallets holding more than 1,000 LINK reached their highest level this year, while addresses controlling over 100,000 LINK expanded to a record 805.
These purchases absorbed much of the selling pressure created by the scheduled unlock of 21 million LINK tokens, reducing the impact of the additional supply entering circulation.
Derivatives traders have joined the rally. Open interest increased roughly 10% alongside the price advance, showing fresh leveraged participation instead of a short-lived spot spike. The combination of rising price and rising open interest typically suggests new positions entering the market rather than existing shorts simply closing.
Technical breakout places $8.40 and $8.70 in focus The daily chart shows LINK pressing against the upper boundary of a descending wedge that has contained price since early June. Tuesday’s rally pushed the token above $8.20 and toward immediate resistance near $8.40, where sellers rejected price earlier in the session.
Chainlink daily price chart — July 15 | Source: crypto.news A confirmed daily close above that level would strengthen the breakout case and expose the next resistance zone around $8.70, followed by psychological resistance near $9.00.
Momentum indicators have also improved. The daily RSI has climbed to around 60 after recovering from oversold territory, showing buyers have regained control without entering overbought conditions. The Aroon Up indicator has returned to 100 while the Aroon Down remains near single-digit readings, highlighting a renewed bullish trend.
On the 4-hour chart, the MACD has completed a bullish crossover above the signal line, while the Chaikin Money Flow remains positive above zero, showing capital continues to enter the market.
Chainlink 4-hour price chart — July 15 | Source: crypto.news CoinGlass liquidation data reinforces the technical picture. The one-week heatmap shows a dense concentration of leveraged short positions clustered between $8.15 and $8.30, many of which were cleared during the latest rally. Above current prices, another sizeable liquidity pocket sits around $8.45-$8.70, creating a potential magnet if buyers maintain momentum.
Chainlink liquidation heatmap | Source: CoinGlass Loss of $8.00 support would weaken the bullish case Several risks could still interrupt LINK’s recovery. Markets remain sensitive to upcoming U.S. Producer Price Index data and any Federal Reserve comments that challenge expectations for easier monetary policy. Renewed geopolitical tensions or another rise in oil prices could also reduce appetite for risk assets across digital markets.
From a technical perspective, failure to hold above the $8.20 breakout zone would leave $8.00 as the first important support.
A decisive break below that level could pull LINK back toward the $7.70-$7.50 demand area, where the liquidation heatmap shows another large concentration of leveraged positions. Such a move would invalidate the immediate breakout structure and postpone any attempt to challenge the $9.00 resistance zone.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Circle a Grupo BIND spouštějí v Argentině regulovaný přístup k USDC pro firmy a finanční zprostředkovatele přes platformu BEN. Cílí na treasury, platby a další digitální transakce v digitálních dolarech.
Circle and Argentine financial group BIND have struck a deal to open institutional access to USDC through BIND’s digital assets platform, giving corporations and financial intermediaries a regulated on-ramp to dollar-denominated stablecoins in a country where the peso has essentially disintegrated.
The partnership, announced on July 14 during Circle CEO Jeremy Allaire’s visit to Buenos Aires, will channel USDC access through BEN, BIND’s digital assets platform, on a peer-to-peer basis. BIND operates as a registered virtual asset service provider (known locally as a PSAV), which means it’s a licensed financial institution building rails for companies that need dollar exposure but face a currency that has lost 99.8% of its value against the USD since 2009.
What the deal actually looks like BEN will serve as the infrastructure layer connecting eligible Argentine institutions to USDC, covering payments, treasury operations, and broader digital asset transactions, all wrapped in a compliance framework that BIND is keen to emphasize.
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“Through BEN, we seek to provide companies with transparent, secure, and efficient access to digital dollar infrastructure within a framework designed to support regulatory compliance and operational integrity,” said Andrés Meta, a Grupo BIND shareholder.
Circle isn’t treating this as a one-off announcement. The company is hiring a senior director based in Buenos Aires and actively pursuing additional partnerships with local banks and fintech companies. This follows Circle’s existing footprint in Brazil, where it already has a team of eight people, and planned expansions into Mexico and Colombia.
Why Argentina is ground zero for stablecoins The peso recently hit yet another record low against the dollar, extending a collapse that has made the currency almost worthless in relative terms over the past decade and a half. Persistent inflation, capital controls, and a general distrust in the local monetary system have turned Argentina into one of the most active stablecoin markets on the planet.
What’s changing now is the institutional dimension. Retail adoption was already widespread. This partnership is about bringing corporations, financial intermediaries, and treasury departments into the fold through regulated channels. When individuals buy USDC on an exchange, it’s useful but fragmented. When institutions get compliant access through a licensed financial entity like BIND, it opens the door to much larger capital flows, corporate treasury management in digital dollars, and cross-border payment infrastructure that actually scales.
Circle has also been engaging with Argentine regulatory bodies, including the Central Bank and the Ministry of Economy, to ensure the integration of digital assets within the traditional financial system doesn’t run afoul of existing rules. Allaire has expressed optimism about regulatory advancements regarding how banks treat stablecoins in Argentina, suggesting the groundwork is being laid for a more formalized framework.
What this means for the broader market Circle’s simultaneous push into Argentina, Brazil, Mexico, and Colombia suggests the company sees the entire region as a strategic priority for USDC distribution. Tether’s USDT has historically dominated stablecoin usage in Latin America, particularly in peer-to-peer and informal markets. Circle’s strategy of partnering with regulated financial institutions like BIND targets the institutional and corporate segment where compliance requirements make USDC’s regulatory positioning a genuine advantage over less transparent alternatives.
The risk, as always in Argentina, is regulatory whiplash. The country has a long history of economic policy U-turns, capital control changes, and political volatility that can reshape the operating environment overnight. Circle’s engagement with the Central Bank and Ministry of Economy suggests awareness of this risk, but awareness and immunity are very different things.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bank of America před výsledky Netflixu potvrdila doporučení Buy a cílovou cenu 125 USD, i když akcie letos klesly zhruba o 20 %. Investoři sledují hlavně trendy zapojení uživatelů a výhled na druhé pololetí.
Netflix Inc (NASDAQ:NFLX, XETRA:NFC) remains well positioned for long-term growth despite a roughly 20% decline in its shares this year, according to Bank of America, which reiterated its ‘Buy’ rating and $125 price objective ahead of the company's second quarter earnings report due on Thursday.
The bank wrote that the stock's year-to-date decline reflects investor concerns over engagement trends, the potential impact of artificial intelligence on content creation, and heightened competition following recent media mergers and acquisitions. However, it argued that Netflix has successfully navigated similar periods of skepticism in the past.
Bank of America highlighted that subscriber growth slowed significantly in 2022, contributing to a share price decline of more than 50%, before the company responded with initiatives such as paid sharing and its ad-supported tier, which helped accelerate growth again. The analysts also noted that investor concerns over margin expansion in late 2023 were followed by another year of strong operational execution.
The firm wrote that Netflix's management has "consistently demonstrated an ability to adapt to changing market conditions, execute effectively and create long-term shareholder value."
Looking ahead to Q2 results, Bank of America expects largely in-line financial results, with investor attention likely to center on the company's outlook for the second half of the year, engagement trends, and management's commentary on acquisition appetite and broader strategic priorities.
The analysts noted that sentiment toward the stock remains subdued following its recent decline and suggested that stronger-than-expected results and raised guidance could ease investor concerns. Conversely, signs of further slowing in the business could reinforce bearish views and pressure the stock's valuation.
Bank of America also outlined risks cited by bearish investors, including slowing engagement, increased competition from platforms such as YouTube and short-form video services, the potential impact of AI on content creation, and uncertainty surrounding a more active approach to acquisitions compared with Netflix's historical strategy.
Despite those concerns, the bank maintained that Netflix has a significant runway for subscriber and advertising growth, supported by its global scale, expanding advertising business, and strong balance sheet, which it believes will continue to support shareholder returns over time.
GE Aerospace čeká za 2. čtvrtletí růst tržeb o téměř 17 % na 11,86 miliardy USD a EPS o 12 % na 1,86 USD. Taiwan Semiconductor má podle odhadů dosáhnout EPS 3,87 USD a tržeb téměř 40 miliard USD.
As the second-quarter earnings season heats up, investors are looking for companies that combine durable long-term growth drivers with strong underlying fundamentals.
While quarterly reports can create short-term volatility, they also provide opportunities to build positions in high-quality businesses that have the potential to outperform over time.
Three stocks that stand out ahead of their upcoming Q2 reports on Thursday, July 16 are GE Aerospace (GE - Free Report) ), Taiwan Semiconductor (TSM - Free Report) ), and UnitedHealth Group (UNH - Free Report) ).
Each operates in an industry with attractive long-term demand trends, boasts market-leading positions, and has catalysts that could support further upside if quarterly results reinforce their investment theses.
GE Aerospace Continues to Benefit From Aviation RecoveryGE Aerospace has emerged as one of the market's premier industrial companies following its transformation into a pure-play aerospace business. The company continues to benefit from robust commercial air travel demand following the COVID-19 pandemic, rising aircraft utilization, and a growing backlog of engine service work.
Perhaps GE's greatest strength is its highly profitable aftermarket business. As airlines keep aircraft flying longer amid ongoing delivery constraints from Boeing (BA - Free Report) ) and Airbus (EADSY - Free Report) ), demand for maintenance, repair, and overhaul services continues to rise. Since servicing engines typically generates higher margins than selling new ones, this dynamic has helped drive steady earnings expansion.
Analysts expect another quarter of solid revenue and earnings growth as commercial aviation remains healthy despite lingering supply-chain challenges. GE’s Q2 revenue is expected to be up nearly 17% to $11.86 billion, with quarterly EPS projected to rise 12% to $1.86.
Taiwan Semiconductor Remains at the Center of the AI BoomFew companies are more important to the artificial intelligence investment story than Taiwan Semiconductor. As the world's largest contract chip manufacturer, TSM produces the advanced semiconductors powering AI accelerators designed by Nvidia (NVDA - Free Report) ), AMD (AMD - Free Report) ), Broadcom (AVGO - Free Report) ), and Apple (AAPL - Free Report) ).
Demand for advanced manufacturing capacity continues to outpace supply, allowing Taiwan Semiconductor to benefit from favorable pricing, exceptional capacity utilization, and expanding profit margins.
Adding confidence ahead of earnings, the company most recently reported record quarterly revenue and EPS during Q1 at $35.89 billion and $3.49 per share, respectively.
Wall Street expects new quarterly peaks, with consensus estimates calling for Q2 EPS of $3.87 on nearly $40 billion in revenue, reflecting continued AI-driven demand. Those expectations reflect nearly 57% EPS growth and 32% sales growth.
UnitedHealth is Staging an Impressive TurnaroundTrading near its 52-week high, UnitedHealth Group’s stock has been on an impressive rebound after facing increased regulatory scrutiny, higher-than-expected Medicare Advantage utilization, and uncertainty surrounding reimbursement trends.
With those headwinds starting to subside, investors are starting to re-recognize the company's industry-leading scale. Although Q2 sales are expected to dip 1% to $110.05 billion, quarterly EPS is expected to be up 18% to $4.84, reflecting the health giant’s more promising execution.
Of course, what has also kept investors engaged is that UNH offers a very respectable 2.16% annual dividend yield that equates to $9.28 per share quarterly.
Bottom LineQuarterly earnings often create volatility, but they can also present opportunities to accumulate shares of industry leaders with durable competitive advantages.
GE Aerospace and Taiwan Semiconductor are currently sporting a Zacks Rank #2 (Buy), with UnitedHealth Group stock boasting a Zacks Rank #1 (Strong Buy). Investors looking to strengthen their portfolios as the Q2 earnings season heats up may find these three blue-chip companies worthy of closer consideration.
NEAR se blíží deflačnímu prahu: poplatky z Intents už rostou rychleji než nová emise tokenů a 100 % těchto poplatků jde na nákupy tokenu $NEAR. K prahu je ale ještě potřeba zhruba zdvojnásobit denní objem Intents, který je nyní kolem 77 milionů USD denně; deflační hranice leží přibližně na 177 milionech USD denně.
@NEARProtocol says its token buyback program is accelerating, with Intents fees increasingly outpacing new issuance. The mechanism is straightforward: 100% of fees generated through NEAR Intents are used to purchase $NEAR directly on the open market, creating buy pressure that scales with transaction volume. Cumulative Intents volume has now passed $22 billion, and the capture rate has climbed from roughly 12% over its lifetime to near 30% in the past week alone.
Two Structural Changes Set the Stage Two protocol upgrades have made the deflation thesis credible. On October 30, 2025, NEAR's inflation rate was permanently reduced from 5% to 2.5%, cutting annual issuance roughly in half and compressing the volume required to reach net deflation by the same amount. Then on February 23, 2026, the fee conversion mechanism activated for the first time, routing all NEAR Intents fees into $NEAR purchases.
NEAR issues approximately 32.2 million tokens annually. Two mechanisms work against that issuance: base-layer gas fees follow a 70/30 split, with 70% permanently burned by the protocol, while Intents fees go entirely toward open-market buybacks. Halved inflation plus active buybacks via the Intents fee switch create a structurally different supply-demand dynamic than what existed a year ago.
The Threshold Is Real, but Not Yet Crossed At current prices and the 2026 channel-mix-weighted fee rate, the deflationary threshold sits at approximately $177 million in daily Intents volume. The current 90-day average sits at $77 million per day, meaning volume needs to roughly double to cross the deflationary threshold.
The math is not static. As NEAR's price rises, each token purchased via the Intents fee mechanism absorbs more dollar-denominated issuance, meaning price appreciation actively lowers the barrier to deflation in token terms. On an Intents-adjusted basis, NEAR's price-to-sales ratio is approximately 28x, versus Ethereum at 194x and Solana at 40x. That gap has drawn attention from analysts who argue the token is structurally underpriced relative to its fee generation.
The trajectory is real. Whether daily Intents volume can double from here, and hold there, is the question that will determine whether the deflation story moves from thesis to fact.
Sources:
Crypto Briefing: NEAR Protocol targets AI-driven commerce with new products and tokenomics improvements
NEAR Foundation: Supporting Community Proposals to Upgrade NEAR Tokenomics
SVRN: NEAR Protocol 2026: Investment Case, Tokenomics and Deflation Threshold
Rivian po spuštění levnějšího R2 zvýšil celoroční výrobní výhled z 67 000 na 70 000 vozů. Přesto článek varuje, že plánované emise akcií až za 8 miliard USD do roku 2028 mohou zisky výrazně zředit.
Currently trading for around $18 per share, Rivian Automotive (RIVN +1.21%) has fallen by 82.5% since its 2021 initial public offering (IPO).
Most longtime Rivian investors remain underwater, but new investors could profit following the recent launch of the EV maker's lower-priced R2 line. That said, while the R2 may revive growth, it may not move the needle for the stock.
Image source: Getty Images.
How the R2 could get Rivian out of its slump When Rivian first went public, investors were willing to pay high premiums for would-be "Tesla killers" that could challenge the EV market leader. However, as results clashed with expectations, the prices of Rivian and other electric car stocks cratered.
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More recently, however, Rivian has held fairly steady amid the hype surrounding the launch of the R2 vehicle. Priced much lower than Rivian's initial R1S and R1T models, this new line could represent an inflection point. Recent results and outlook updates support this view.
Big potential, but there's a caveat Last quarter, Rivian reported 12,194 vehicle deliveries, well ahead of prior guidance. A big reason for this was June's launch of the R2 SUV, with a sticker price of $57,990.
In addition, management increased its full-year production guidance, raising the ceiling from 67,000 to 70,000 vehicles. In the years ahead, high growth could persist. Yet while forecasts call for growth to accelerate from 34.2% this year to 61.6% in 2027, they also call for annual losses of $2.61 and $2.28 per share, respectively.
Also, Rivian plans to fund expansion through dilutive share sales, aiming to raise up to $8 billion through 2028. Compared to Rivian's current $25 billion market cap, this level of dilution could really water down gains, even if profitability arrives sooner than expected. Hence, it may be a while before a surge in production growth leads to big gains for Rivian shares.
Alameda Research has resumed its Solana [SOL] transfers. According to Onchain Lens, a wallet linked to Alameda Research moved 201K SOL, worth $15.14 million, to BitGo Custody.
The on-chain monitor observed that the token transfers occurred through multiple transactions. These tokens were distributed to multiple custody addresses.
Source: Nansen Even after these token transfers, the main wallet still holds a significant share, with 3.016 million SOL worth approximately $226.7 million. The firm has occasionally made such transfers. Often, when these tokens move, some end up in exchanges and are sold to repay creditors.
Therefore, even with the latest transfer, the team is either preparing to sell or relocating its holdings.
However, it’s worth noting that the immediate token movement to custody doesn’t imply an immediate sale. Thus, these tokens could be another step towards distributing assets, especially with the upcoming Q3 creditor deadline.
Did the Solana market react? For SOL holders and other market participants, such a major transfer captures market attention.
Although the transfer drew close attention, the market barely reacted. In contrast, Solana rebounded slightly and was trading at $75 at press time, despite a 2.14% daily drop that extended its 7.5% weekly decline.
Source: CoinGlass As expected, this price volatility triggered a wave of liquidation, especially for long positions. According to CoinGlass data, $10.89 million in long positions were liquidated, compared to $1.9 million in short positions.
When a higher volume of longs is liquidated, it suggests that traders were overly bullish and anticipated another rebound.
Traders remain bearish, eyeing another drop As Solana remains below $80, investors have continued to cash out at every opportunity. As a result, exchange inflows have increased significantly.
According to CoinGlass data, Solana Spot Netflow turned positive, rising to $9.02 million as of writing, a major jump from -$1.42 million.
Source: CoinGlass A positive net flow suggests that more SOL has recently flowed into exchanges than out of them. Historically, higher inflows have preceded a weakened market and a price drop.
In fact, the selling pressure has significantly strengthened the downside momentum, with the Aroon Line highlighting this weakness.
The Aroon Up indicator has fallen for ten straight days, dropping from 100% to 28%. Such a sustained decline signals that the trend has lost strength and is now pushing into new lows.
Source: TradingView At the same time, SOL fell below its Momentum-Adjusted Moving Average (MaMa), further confirming the trend’s weakness.
These two momentum indicators indicate the trend to the downside could continue. Therefore, if sellers continue to dominate, SOL risks a drop towards $70. Moreover, to invalidate this bearish outlook, Solana needs a daily close above the MaMa at $78.62.
Final Summary A wallet linked to Alameda Research moved 201K SOL, worth $15.14 million, to BitGo Custody. Solana barely moved on the news, but market momentum remains weak, with sellers dominating.
Morgan Stanley podal další změny u SEC pro ETF na ether a solanu, které by nově měly generovat i stakingové odměny. Fondy by měly obchodovat na NYSE Arca pod tickery MSSE a MSOL, pokud je SEC schválí.
15 July 2026 | 00:18 Morgan Stanley Investment Management filed a third round of amendments with the U.S. Securities and Exchange Commission on July 14 for proposed exchange-traded funds holding ether and solana.
The Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust are designed to give investors spot exposure through ordinary brokerage accounts without requiring them to buy tokens or manage private keys. If the registration statements become effective, the shares are expected to trade on NYSE Arca under the tickers MSSE and MSOL.
The amended filings expand a crypto product line that already includes the Morgan Stanley Bitcoin Trust, which trades on NYSE Arca with the same 0.14% annual sponsor fee, and the Stablecoin Reserves Portfolio, launched in April to hold assets that meet the GENIUS Act’s reserve requirements. Unlike the passive Bitcoin fund, the proposed Ether and Solana trusts would also generate staking rewards, combining regulated brokerage access with potential onchain income. Together, the products show Morgan Stanley building a broader digital-asset strategy spanning token exposure, stablecoin reserve management and staking rather than treating Bitcoin as a standalone offering.
What the Funds Would Hold Both products are passive trusts that would track CoinDesk’s 4PM New York settlement benchmarks for ether and solana. They would not use leverage, derivatives or active trading strategies, so returns would primarily reflect movements in the underlying tokens, less expenses, together with any net staking income.
BNY and Coinbase Custody are named as custodians, while Morgan Stanley Investment Management would serve as delegated sponsor.
Under normal market conditions, the Ethereum trust intends to stake between 50% and 80% of its ETH, while the Solana vehicle may stake up to 100% of its SOL. Both would periodically keep assets unstaked to cover redemptions, expenses and distributions. The shared 0.14% sponsor fee therefore sits alongside different return mechanics: a larger portion of MSOL’s holdings could earn network rewards, but its liquidity management becomes more important when unstaking is delayed.
Figment, Galaxy Blockchain Infrastructure and Coinbase Canada are listed as staking providers for both products. The providers and custodians would collectively receive 5% of gross staking rewards, leaving 95% for the trusts. Net rewards would initially increase net asset value before being converted into cash for distributions expected monthly, but no less frequently than quarterly.
The prospectuses do not promise a fixed yield. Returns would depend on network conditions and the proportion of assets staked, while validator failures, penalties and unstaking delays could reduce income or complicate redemptions. Morgan Stanley may also suspend staking if it creates material legal, regulatory or tax risks. Retail investors would not be able to exchange shares directly for ETH or SOL. Only authorized participants could create or redeem 10,000-share baskets, meaning the products would remain regulated brokerage wrappers rather than substitutes for holding transferable tokens.
A 0.14% Sponsor Fee Each trust carries a proposed annual sponsor fee of 0.14% of net asset value, accrued daily and paid monthly in arrears. Morgan Stanley would cover ordinary operating costs from that fee, while litigation and other extraordinary expenses could still be charged to the trust. Investors may separately incur brokerage commissions when trading shares.
The July 14 submissions are Amendment No. 3 to the registration statements, not approvals. The SEC must declare the filings effective before shares can be sold, and the documents remain subject to further changes. The trusts would also not be registered under the Investment Company Act of 1940, meaning shareholders would not receive the protections attached to conventional registered investment companies.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
On July 14, 2026, $500 million in USDC was minted on the Solana blockchain, indicating a strategic move to enhance liquidity within the network. This issuance was executed in two tranches of $250 million each, underscoring growing confidence in Solana’s capacity to handle large-scale transactions. The additional USDC enhances Solana’s standing as a significant player in the stablecoin market, holding between $7.2 billion and $8.6 billion in circulating USDC. This development aligns with a broader trend of increased institutional interest in Solana as a high-throughput settlement layer, with the network experiencing a record weekly USDC minting volume earlier this year.
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Key Takeaways The issuance of $500 million USDC on Solana suggests increased liquidity and institutional confidence in the network. Solana’s share of the global USDC supply reflects its growing role as a key blockchain for stablecoins. Market pricing appears supportive of Solana’s potential to reach higher price benchmarks by the end of July. What to Watch Market participants will closely monitor Solana’s price movements in response to this liquidity boost, particularly in relation to its potential to hit the $90 mark in July. Key indicators such as the network’s volume and additional stablecoin issuances may provide further insights into Solana’s capacity to leverage this increased liquidity. Potential developments, including regulatory actions or changes in institutional demand, could also affect market sentiment and price trajectories.
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Term Structure
Contract Odds Δ since publish Volume 24h August 1 2026 19% — — View market → August 1 2026 0.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.6% — — View market → August 1 2026 1% — — View market → August 1 2026 0.7% — — View market → August 1 2026 4.2% — — View market → August 1 2026 0.9% — — View market → August 1 2026 9% — — View market → August 1 2026 0.1% — — View market → August 1 2026 1.7% — — View market → August 1 2026 0.1% — — View market → August 1 2026 38% — — View market →
McKesson v posledním obchodním dni klesl o 1,1 % na 803,37 USD, zatímco S&P 500 vzrostl o 0,38 %. Trh čeká výsledky za 5. srpna 2026; odhad EPS činí 9,59 USD.
In the latest close session, McKesson (MCK - Free Report) was down 1.1% at $803.37. This move lagged the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.9%.
Heading into today, shares of the prescription drug distributor had gained 4.17% over the past month, lagging the Medical sector's gain of 4.34% and outpacing the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of McKesson in its forthcoming earnings report. The company is scheduled to release its earnings on August 5, 2026. In that report, analysts expect McKesson to post earnings of $9.59 per share. This would mark year-over-year growth of 16.1%. Alongside, our most recent consensus estimate is anticipating revenue of $104.39 billion, indicating a 6.7% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $44.28 per share and a revenue of $432.77 billion, demonstrating changes of +13.22% and +7.27%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for McKesson. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0% higher. Currently, McKesson is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, McKesson is holding a Forward P/E ratio of 18.34. This valuation marks a premium compared to its industry average Forward P/E of 17.08.
It's also important to note that MCK currently trades at a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MCK's industry had an average PEG ratio of 1.86 as of yesterday's close.
The Medical - Dental Supplies industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
QuickSwap nasadil Orbs’ Perpetual Hub Ultra 2.0 jako výchozí engine pro perpetual futures napříč všemi řetězci. Změnu schválili držitelé QUICK v komunitním hlasování s podporou 81,8 %.
QuickSwap, one of the oldest names in decentralized exchange trading, has officially rolled out Orbs’ Perpetual Hub Ultra 2.0 as the default engine powering perpetual futures across every chain it operates on. The decision wasn’t made behind closed doors. It came after a community vote, “Full Shift of Decentralized Perpetuals to Orbs Network,” which cleared with a decisive 81.8% approval from QUICK token holders.
The shift effectively retires the Orderly-based Falkor setup that had been running on Polygon PoS, replacing it with the same Orbs-driven architecture that QuickSwap already introduced on Base back in the fourth quarter of 2025. It’s not a cold start, either. QuickSwap and Orbs have been working together for years at this point, with tools like dTWAP, dLIMIT, and Liquidity Hub already live in production on both Polygon PoS and Base.
Ran Hammer, VP of Business Development at Orbs, framed the announcement as something bigger than a routine infrastructure swap. “This is what the next phase of DeFi looks like: a top-tier DEX running a complete perps stack natively on Layer-3, with liquidity from day one and execution quality that rivals centralized venues,” he said. He also pointed to the vote itself as a signal of where the industry is heading, adding, “An 81.8% community vote says it all – decentralized markets are ready to compete with traditional finance on its own terms.”
Full-Service Perpetual Trading Stack What QuickSwap gets out of the deal, in practical terms, is a full-service perpetual trading stack that doesn’t lean on outside providers. Execution, settlement, hedging, liquidation, pricing, and the trading interface itself are all handled natively through Orbs’ Layer-3 infrastructure. There’s no bootstrapping period to worry about, either; liquidity is pulled in from day one through Orbs’ integrated system, which taps into several deep liquidity sources at once rather than relying on a single pool building up over time.
Under the hood, the platform runs on a TEE-secured execution environment, meaning trades are processed inside a trusted, hardware-isolated setting rather than out in the open. Price feeds come in cryptographically signed, and the resulting state is periodically committed on-chain through rollup settlement, giving traders a verifiable record without sacrificing speed.
On the trading side, users get access to the usual order types, market, limit, stop-loss, take-profit, along with more advanced bracket orders. Convenience features like one-click trading, account abstraction, and gasless transactions are also part of the package, lowering the friction that’s historically kept some traders away from on-chain platforms.
QuickSwap itself needs little introduction to anyone who’s spent time in DeFi. It’s been running since 2020 and remains the top exchange within the Polygon ecosystem, expanding over the years from Polygon PoS into Polygon zkEVM and Base while holding onto its reputation as Polygon’s flagship DEX.
Like much of its infrastructure, the exchange is steered by its community through QUICK token governance, which is exactly the mechanism that greenlit this latest move. Orbs, for its part, operates as a decentralized Layer-3 network built specifically to handle the kind of complex trading logic that standard smart contracts struggle with.
Its validator network runs on delegated Proof-of-Stake, backed by more than 1.12 billion ORBS tokens staked across the system. Both teams are pitching this integration as a step toward closing the gap between decentralized and centralized trading venues, not just in terms of speed and cost, but in the overall experience, while still keeping self-custody and on-chain transparency intact for users.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Pomerantz LLP vyšetřuje možné porušení zákona ze strany Primoris Services Corporation a upozorňuje na prudké snížení celoročního upraveného výhledu EBITDA z 560–580 milionů USD na 480–500 milionů USD.
NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Primoris Services Corporation (“Primoris” or the “Company”) (NYSE: PRIM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Primoris and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 5, 2026, Primoris issued a press release reporting its financial results for the first quarter of 2026. Primoris reported results below analyst expectations and slashed full-year adjusted EBITDA guidance from $560-$580 million to $480-$500 million. Primoris attributed the reduction to lower renewable energy activity, delayed project starts, and increased costs on renewable energy projects.
On this news, Primoris’s stock price fell $101.69 per share, or 50.11%, to close at $101.23 per share on May 6, 2026.
Then, on June 22, 2026, Primoris issued a press release “announc[ing] a series of business updates including the departure of its Chief Operating Officer (‘COO’), effective today.” The press release also disclosed that “[a]dditional challenges and cost overruns were identified as a result of continued progress on projects in the Company’s Renewables business, including through an ongoing assessment by a third-party industry expert.” Primoris advised that it “also anticipat[es] lower revenue and gross profit for the full year 2026, primarily driven by lower expected revenue and gross profit in the Renewables business” and “now expects revenue in the Renewables business for the full year 2026 to be approximately $2.1 billion, compared to approximately $3.0 billion for the full year of 2025.” Accordingly, Primoris disclosed that it “anticipat[es] lower revenue and gross profit for the full year 2026, primarily driven by lower expected revenue and gross profit in the Renewables business” and “now expects revenue in the Renewables business for the full year 2026 to be approximately $2.1 billion, compared to approximately $3.0 billion for the full year of 2025.”
On this news, Primoris’s stock price fell $23.39 per share, or 21.59%, to close at $84.95 per share on June 23, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Pomerantz LLP vyšetřuje společnost Certara kvůli možnému porušení zákonů o cenných papírech. Firma už dříve oznámila pokles tržeb ze služeb o 4 % na 57,2 mil. USD, pokles služebních zakázek o 14 % na 66,6 mil. USD a odchod finančního ředitele Johna Gallaghera.
NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Certara, Inc. (“Certara” or the “Company”) (NASDAQ: CERT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Certara and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On May 11, 2026, Certara reported its first quarter 2026 financial results. Certara disclosed that services revenue declined 4% year-over-year to $57.2 million, while services bookings declined 14% year-over-year to $66.6 million. In discussing the quarter, Certara said that it saw “softer performance from Tier 1 customers in MIDD services” and that services performance was “mixed.” The Company also announced its exit from the regulatory business in their service segment. I n response to a question about consistency between software and services performance, Certara said that there had been “a lot of inconsistency and back and forth” over the last few quarters.
On this news, Certara’s stock price fell $1.18 per share, or approximately 19%, to close at $5.13 on May 11, 2026.
Then, on June 17, 2026, Certara announced that John Gallagher, the Company’s Chief Financial Officer, had notified Certara of his intent to resign from his office effective as of the end of the day on July 14, 2026.
On this news, Certara’s stock price fell $0.49 per share, or 8.13%, to close at $5.54 per share on June 18, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
SlowMist varuje, že kompromitovaný balíček Injective SDK může krást privátní klíče z peněženek. Vývojáři mají před nasazením kódu pro peněženky ověřovat balíčky.
Injective SDK Compromise Puts Wallet Private Keys Back In The Security Spotlight is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, regulation, security, or product layer sitting underneath the market noise.
The immediate point is straightforward: slowMist warned that a compromised Injective SDK package may steal wallet private keys. That gives readers something concrete to work with, rather than another vague sentiment update.
TL;DR SlowMist warned that a compromised Injective SDK package may steal wallet private keys. The issue highlights the danger of malicious software dependencies in crypto apps. Developers are being urged to verify packages before shipping wallet-facing code. Why This Matters Now The timing matters because Injective is already part of a wider conversation across the market. Traders want to know whether the development changes liquidity or risk. Builders want to know whether it changes what can be deployed. Compliance teams want to know whether it changes how platforms operate.
In that sense, the story is bigger than one headline. It sits inside the ongoing shift from speculative crypto cycles toward more practical questions: who can use these systems, how safe are they, and whether the underlying incentives actually work.
The best way to read it is with discipline. It is not a guarantee of immediate upside, and it should not be treated as one. But it does add a fresh data point to the way the market is thinking about Injective.
The Injective Angle For Injective, the important part is the specific mechanism. If this is a security issue, the risk sits in dependencies and user protection. If it is a listing or product launch, the question is access and liquidity. If it is a governance or research proposal, the question is whether the idea can survive implementation.
That is where this update becomes useful. It is not just a label attached to a trend. It gives readers a way to understand what might actually change if the development gains traction.
Crypto has a habit of turning every announcement into a broad market claim. This one deserves a narrower read. The value is in seeing how it affects the users, developers, institutions, or traders closest to the issue.
The Risk Side There is also a caution attached. Source material can confirm that a development exists, but it cannot prove that adoption will follow. A proposal still needs support. A product still needs users. A chart still needs confirmation. A compliance tool still needs integration.
That is why the responsible reading is not to oversell the story. The stronger takeaway is that this adds to a pattern. The crypto market is steadily becoming more professional, more technical, and more sensitive to real operational details.
Readers should also watch for follow-up signals. That could mean developer feedback, exchange support, regulatory response, wallet adoption, liquidity data, or simply whether market participants continue reacting after the first headline fades.
What Comes Next The next stage will decide whether this remains a narrow update or becomes part of a larger market theme. In crypto, that difference matters. Plenty of stories look important for a few hours and then disappear. The ones that last usually show up again through usage, liquidity, enforcement, governance, or developer adoption.
For now, this gives the market another piece of information to weigh. It is specific enough to be useful, but still early enough that readers should keep the caveats in view.
That makes it worth covering without pretending it settles anything. The story is a signal, not a final verdict.
This report is based on information from slowmist.medium.com.
This article was written by the News Desk and edited by Samuel Rae.
e.l.f. Beauty (ELF - Free Report) ended the recent trading session at $72.25, demonstrating a -3.79% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.02%, and the technology-centric Nasdaq increased by 0.9%.
Shares of the cosmetics company witnessed a gain of 17.36% over the previous month, beating the performance of the Consumer Staples sector with its loss of 0.78%, and the S&P 500's gain of 1.27%.
The upcoming earnings release of e.l.f. Beauty will be of great interest to investors. The company is predicted to post an EPS of $0.73, indicating a 17.98% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $424.55 million, indicating a 20.02% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.31 per share and revenue of $1.86 billion, which would represent changes of +5.75% and +13.64%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for e.l.f Beauty. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.25% higher. As of now, e.l.f. Beauty holds a Zacks Rank of #3 (Hold).
In the context of valuation, e.l.f. Beauty is at present trading with a Forward P/E ratio of 22.68. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 22.68.
Also, we should mention that ELF has a PEG ratio of 2.14. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Cosmetics industry stood at 0.68 at the close of the market yesterday.
The Cosmetics industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 205, positioning it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
SoundHound AI je letos dole o 37 % a obchoduje se 68 % pod rekordem z roku 2024. Tržby v 1. čtvrtletí vzrostly o 52 % na rekordních 44,2 milionu USD, ale tempo růstu zpomaluje.
While many artificial intelligence (AI) stocks are outperforming the broader market right now, not every name in this space has been a winner. SoundHound AI (SOUN +3.08%) stock is down 37% this year, and it recenty was trading 68% below its 2024 record high.
SoundHound AI is a leading developer of conversational AI software, which is currently used by some of the world's biggest brands across industries such as automotive manufacturing, hospitality, healthcare, and more.
Investors have trimmed their exposure to its stock because of its sky-high valuation, but it's starting to look attractive after its recent losses. Is it time to buy the dip?
Image source: The Motley Fool.
SoundHound is rapidly expanding SoundHound developed a series of in-house conversational AI software products. They include Dynamic Drive-Thru and Dynamic Kiosk for quick-service restaurants, which autonomously take customer orders so employees can focus on other tasks. Then there is the Voice AI platform, which allows car brands to install highly intuitive voice-activated AI experiences into their vehicles.
But SoundHound also expanded over the last few years by acquiring other companies. It bought rival conversational AI company Amelia in 2024, and it recently launched the Amelia 7 platform, which businesses can use to build custom AI agents to serve customers or help employees streamline their workflows. Resorts World Las Vegas uses Amelia to autonomously handle more than half of its incoming customer calls, freeing up employees to provide guests with high-touch luxury experiences.
In April of this year, SoundHound announced plans to acquire LivePerson, which built an AI-powered digital engagement platform that processes message conversations on behalf of businesses and their customers. It powers more than 1 billion messages per month across websites, social media, and chat applications, saving valuable time that would otherwise be spent managing phone calls or email correspondence.
SoundHound's revenue growth is fast, but slowing SoundHound's revenue soared by 52% year over year during the first quarter of 2026, to come in at a record $44.2 million. While that sounds like a spectacular result, the company's revenue grew at a much faster pace of 151% during the same quarter of 2025. Some investors might be concerned about the apparent loss of momentum, which is one reason for the steep decline in SoundHound stock.
However, the recent acquisition of LivePerson is about to provide a temporary boost to SoundHound's financial results. Management estimates the company's annual revenue will come in somewhere between $225 million and $260 million in 2026, but that number could grow to $400 million in 2027 once LivePerson's revenue is included. Management says there could be as much as $100 million in potential upside, depending on operational performance.
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While that is great news, investors also have to keep an eye on SoundHound's mounting losses, because scaling an AI business isn't cheap. During the first quarter, the company suffered a generally accepted accounting principles (GAAP) net loss of $25 million and an adjusted net loss of $26.5 million. Both figures worsened from the same quarter last year.
SoundHound had $216 million in cash and cash equivalents on hand as of March 31, so it can afford to lose money at the current pace for at least the next year or so. But if it isn't profitable by then, it might have to raise more money, diluting existing shareholders and hurting their future potential returns.
SoundHound stock isn't cheap just yet, but it's getting there SoundHound had a price-to-sales (P/S) ratio of around 100 when its stock peaked in late 2024, which made it extremely expensive. For some context, the Nasdaq-100 technology index currently trades at a P/S ratio of just 6.4.
But the combination of SoundHound's revenue growth and the 68% decline in its stock has pushed its P/S ratio down to a more reasonable level of around 15.
SOUN PS Ratio data by YCharts
SoundHound isn't necessarily cheap just yet, but if we assume the company will generate $400 million in revenue next year, as management expects, then its forward P/S ratio is just 7.2. That is quite attractive given how fast SoundHound is expanding. Plus, AI software is likely to touch every industry in the future, so the company could have an enormous addressable market.
Nevertheless, SoundHound is still in the early stages of commercializing its product portfolio, so investors who buy its stock today should maintain a five-year time horizon to smooth out any potential volatility and maximize their chances of earning a positive return. It's also a good idea to keep a small position, just in case this opportunity doesn't work out.
BAH uzavřel na 63,56 USD, což představuje denní pokles o 1,91 % a za poslední měsíc ztrátu 13,08 %. Investoři čekají na výsledky 24. července 2026; trh odhaduje EPS 1,49 USD a tržby 2,8 miliardy USD.
Booz Allen Hamilton (BAH - Free Report) closed at $63.56 in the latest trading session, marking a -1.91% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, added 0.9%.
The stock of defense contractor has fallen by 13.08% in the past month, lagging the Business Services sector's gain of 3.64% and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Booz Allen Hamilton in its upcoming release. The company plans to announce its earnings on July 24, 2026. In that report, analysts expect Booz Allen Hamilton to post earnings of $1.49 per share. This would mark year-over-year growth of 0.68%. Simultaneously, our latest consensus estimate expects the revenue to be $2.8 billion, showing a 4.24% drop compared to the year-ago quarter.
BAH's full-year Zacks Consensus Estimates are calling for earnings of $6.24 per share and revenue of $11.41 billion. These results would represent year-over-year changes of -4.15% and +1.74%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Booz Allen Hamilton. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.18% higher. Currently, Booz Allen Hamilton is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Booz Allen Hamilton is presently being traded at a Forward P/E ratio of 10.38. For comparison, its industry has an average Forward P/E of 12.77, which means Booz Allen Hamilton is trading at a discount to the group.
We can additionally observe that BAH currently boasts a PEG ratio of 3.69. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Consulting Services industry currently had an average PEG ratio of 1.05 as of yesterday's close.
The Consulting Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 107, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Transaction expands WLFC’s lease portfolio by an additional 12 aircraft and 13 engines July 14, 2026 17:18 ET | Source: Willis Lease Finance Corp.
COCONUT CREEK, Fla., July 14, 2026 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) (the “Company” or “WLFC”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced that it has signed a definitive agreement to acquire 12 commercial aircraft and 13 aircraft engines.
The acquisition complements WLFC’s broader asset management, technical, and aftermarket capabilities, strengthening the Company’s ability to support customers worldwide throughout the aviation asset lifecycle.
“This transaction provides an opportunity to grow our portfolio as well as customer base,” said Austin C. Willis, Chief Executive Officer of WLFC. “It also strengthens our aircraft leasing business, where we can create additional value through engine-based programs such as ConstantThrust®.”
The transaction is subject to customary closing conditions.
Milbank LLP served as legal counsel to WLFC, and PricewaterhouseCoopers LLP provided accounting, tax and financial due diligence services to WLFC in connection with the transaction. The seller was advised by Vedder as legal counsel and by KPMG Ireland as tax and accounting advisors in connection with the transaction.
Willis Lease Finance Corporation
Willis Lease Finance Corporation leases large and regional spare commercial aircraft engines and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools, and asset management services through Willis Mitsui & Co. Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.
Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions, or circumstances on which the forward-looking statement is based, except as required by law.
The Company’s actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and the Company’s ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; the Company’s ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to the Company and its customers; the Company’s ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in the Company’s portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.
Pomerantz LLP vyšetřuje možné porušení zákonů u Cerebras po IPO a po zveřejnění výsledků za 1. čtvrtletí 2026. Akcie 24. června klesly o 44,46 USD, tedy o 19,61 %, na 182,26 USD.
NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Cerebras Systems Inc. (“Cerebras” or the “Company”) (NASDAQ: CBRS). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Cerebras and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On or around May 14, 2026, Cerebras completed its initial public offering (“IPO”), selling 30 million shares of Class A common stock priced at $185.00 per share. Then, on June 24, 2026, Cerebras reported its financial results for the first quarter of 2026. Among other items, Cerebras reported a loss of $0.22 per share, missing analyst estimates of a $0.16-per-share loss. In addition, Cerebras forecast a narrower gross margin in its core business, excluding impact from customer warrants and data center pass-through revenues.
On this news, Cerebras’s stock price fell $44.46 per share, or 19.61%, to close at $182.26 per share on June 24, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Na Microsoft byla podána hromadná žaloba kvůli údajnému podvodu s cennými papíry a investorům s nároky běží lhůta do 11. srpna 2026. Spor se týká slabšího růstu Azure, vyšších kapitálových výdajů a nižšího než čekaného počtu placených licencí Microsoft 365 Copilot.
NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Microsoft Corporation (“Microsoft” or the “Company”) (NASDAQ: MSFT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Microsoft and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until August 11, 2026, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Microsoft securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On January 28, 2026, Microsoft announced disappointing results for its fiscal second quarter ended December 31, 2025. First, during the quarter Microsoft’s Azure growth had slowed suddenly and fallen below analyst expectations. During the related earnings call, CFO Amy E. Hood revealed that the slower Azure growth was primarily due to computational capacity constraints, as Microsoft had diverted CPU and GPU capacity to Copilot applications and AI-related R&D. Second, Microsoft revealed that its capital expenditures had increased to $37.5 billion during the quarter, causing Microsoft’s capital expenditures for the first six months of its fiscal 2026 to increase to $72.4 billion compared to $88.2 billion for all of Microsoft’s fiscal 2025. Third, Microsoft revealed, for the first time, that the number of paid Microsoft 365 Copilot seats totaled only 15 million to date, materially below analyst estimates and a fraction of the more than 450 million commercial Microsoft 365 users.
On this news, the price of Microsoft stock fell nearly 10%.
Then, on February 3, 2026, The Wall Street Journal revealed, in an article titled “Microsoft’s Pivotal AI Product Is Running Into Big Problems,” that severe challenges and functionality issues had plagued Microsoft’s Copilot offerings, leading to Copilot losing market share during the Class Period to competing products such as Google’s Gemini. The price of Microsoft stock continued to fall in the days after Microsoft’s second quarter 2026 earnings announcement as the market continued to digest the adverse news and sources such as The Wall Street Journal revealed new adverse information.
Thereafter, on March 17, 2026, The Wall Street Journal revealed in an article titled “Microsoft Seeks More Coherence in AI Efforts With Copilot Reorganization” that Microsoft was reorganizing its Copilot product teams to unify commercial and consumer versions partly in response to the challenges revealed by The Wall Street Journal’s prior reporting on Copilot’s problem-plagued development and disappointing customer adoption.
On this news, the price of Microsoft stock continued to fall.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Citigroup ve 2. čtvrtletí zvýšila tržby na 24,8 miliardy USD, nejvíc za deset let, a čistý zisk vzrostl o 45 % na 5,8 miliardy USD. Akcie ale po výsledcích klesly o více než 4 % v after-earnings trading.
Few signals across financial services are delivered as clearly and collectively as the ones on what’s become Wall Street’s own “Super Tuesday” for bank earnings.
Five of Wall Street’s largest banks reported record revenues Tuesday (July 14). JPMorganChase, Goldman Sachs, Bank of America and others reported to their investors that, for the most part, equity markets were active, underwriting volumes had recovered, prime balances were expanding, and credit remained benign.
All of that is to banking’s benefit. Citigroup, for example, delivered second-quarter revenue reaching $24.8 billion, the highest quarterly total in a decade. Net income rose 45% to $5.8 billion, and investment banking revenue climbed 44%.
Then the stock fell more than 4% in after-earnings trading as investors reacted to the unchanged full-year return targets and plans for higher upcoming expenses related to business transformation. Management said Citi could use favorable conditions to accelerate investments, restructuring actions and severance rather than maximize the current year’s earnings.
But the less cyclical signal didn’t come from Citi’s record equities quarter, nor from the market’s narrowly focused reaction. It came from the less glamorous business responsible for moving, holding and administering corporate money, Citi’s treasury services and payments business.
Read also: Earnings Show Banks Turning Transaction Banking Into a Platform Business
Citi’s Most Durable Signal for the Quarter Was in Its Services Division Citi’s numbers for the most recent quarter showed that, inside its Services business, revenue rose 18%, average deposits increased 19% to approximately $1 trillion and cross-border transaction value climbed 13%. The division generated a 30.9% return on tangible common equity—more than twice the firm-wide level—and recorded growth across both net interest and fee revenue. Commercial card spending advanced 12%, and assets under custody and administration rose 22%.
The composition was as important as the growth. Net interest income increased 18%, helped by deposits, but noninterest revenue also rose 16%. Within Treasury and Trade Solutions, fee and other noninterest revenue increased 13%, while U.S. dollar clearing volume grew 5%.
Those numbers suggest something more consequential than another strong period for transaction banking. Citi is benefiting from an increase in the amount of financial coordination required to operate an international company. Global commerce is not simply expanding or contracting. It is becoming harder to organize.
Companies are shifting suppliers, duplicating production capacity, creating regional legal entities and redirecting trade around tariffs, sanctions, energy constraints and geopolitical risk. Artificial intelligence infrastructure investment is adding another layer of cross-border capital expenditure involving semiconductor production, data centers, power generation, equipment purchases and specialized supply chains.
The commercial opportunity is not just processing more payments. It is managing the complexity surrounding them.
Supply chains are becoming more distributed, which turns treasury into an orchestration function. Companies do not merely need faster execution. They need someone—or increasingly, a combination of bank infrastructure and software—to determine how accounts, balances, payment rails, currencies and financing should work together.
See also: Banks Bet Big on Tokenized Deposits to Power Real-Time Treasury
Payment Relationships Can Feed the Rest of Citi A bank processing a company’s daily cash flows can see when receivables change, balances accumulate, currency exposures emerge or working capital requirements increase. Those signals can create demand for foreign exchange, short-term lending, trade finance, debt issuance, hedging and other capital markets services.
The opportunity is to make the treasury relationship the institutional franchise’s distribution layer.
Citi’s quarter contained signs of that broader network effect. Average Services loans rose 10%, driven partly by working capital and export agency financing. Foreign exchange performance helped offset weaker rates trading. Banking benefited from debt and equity issuance by companies financing strategic investment and infrastructure.
Citi’s Services deposit growth was driven by operating deposits connected to clients’ underlying transaction activity, rather than by indiscriminately paying the highest rate for funds. Management said the bank was deepening existing relationships and adding clients across North America and international markets.
Read also: Citi’s Blowout Quarter Signals Whoever Owns the System Owns the Customer
The difficulty is ensuring that Citi can recognize and capture the value of that relationship across internal product lines. A global payment mandate does not automatically become a financing or capital markets relationship. The bank must connect client information, incentives, coverage and decision-making across businesses without creating conflicts or weakening risk discipline.
That makes Citi’s own remediation and technology work directly relevant to the Services strategy. The bank has spent years standardizing data, processes and controls. Management said completed remediation work is beginning to release expenses, and Citi is applying lessons from the transformation to AI and process automation. Nearly 90% of employees are using the bank’s AI tools, while more than 100 processes are being evaluated for further automation.
For Citi, the opportunity is to make the world’s financial complexity feel simpler to its clients. The risk is that the bank must first prove it can do the same for itself.
Netflix vyhlíží čtvrtletní výsledky ve čtvrtek po zavření trhu; Wall Street čeká tržby 12,57 miliardy USD a zisk 0,79 USD na akcii. Akcie od splitu klesly o více než 30 %.
Netflix (NFLX - Free Report) ) has long been one of Wall Street's premier growth stories, transforming from a DVD-by-mail company into the world's leading subscription streaming platform.
However, despite continued revenue growth, expanding profitability, and healthy free cash flow, Netflix shares have struggled to build momentum ahead of its Q2 report, which is scheduled for Thursday, July 16, after the closing bell.
The upcoming release will give investors a fresh look at subscriber-related trends, advertising growth, operating margins, and management's outlook for the remainder of 2026. While Netflix remains fundamentally strong, expectations remain elevated, making its Q2 results particularly important.
Netflix’s Q2 ExpectationsWall Street expects Netflix to generate Q2 revenue of $12.57 billion, representing 13% year-over-year growth. On the bottom line, earnings are projected to come in at $0.79 per share, nearly a 10% increase from the prior-year period.
Beyond the headline numbers, investors will likely focus on several key themes:
Subscriber/revenue commentary across international marketsAdvertising-tier monetizationOperating margin expansionFree cash flow generationManagement's full-year guidanceNetflix has evolved into a highly profitable business rather than simply a subscriber-growth story. As a result, margin expansion and monetization initiatives have become increasingly important drivers of the investment thesis.
Management has also continued to invest in live programming, sports-adjacent content, gaming initiatives, and advertising capabilities as it seeks additional long-term growth avenues beyond traditional subscriptions.
Still, adding pressure to its Q2 report is that Netflix most recently missed Q1 EPS estimates and has fallen short of earnings expectations in two of its last four quarterly reports, with an average EPS surprise of -4.79%.
Image Source: Zacks Investment Research
NFLX Has Plummeted Since Its 2025 Stock SplitNetflix completed a 10-for-1 stock split on November 17, 2025, making shares more accessible to retail investors after an extraordinary multi-year rally. While stock splits don't change a company's underlying fundamentals, they often coincide with strong momentum and can help broaden investor participation.
However, that hasn't been the case so far for Netflix. Since the split, NFLX has fallen more than 30% and recently hit a 52-week low of $70 a share in late June.
With that in mind, Netflix's upcoming Q2 report could prove pivotal. Better-than-expected earnings, stronger guidance, or encouraging commentary surrounding its advertising business and long-term growth initiatives could hopefully help NFLX get its mojo back and reignite bullish momentum.
Image Source: Zacks Investment Research
Netflix’s Valuation is More Reasonable Although Netflix has historically commanded one of the richest earnings multiples among large-cap media companies, NFLX is now trading at a much more reasonable forward P/E ratio of 20X.
Netflix stock has moved closer to its Zacks Broadcast Radio and Television Industry average of 13X forward earnings, and is now offering a slight discount to the benchmark S&P 500.
What may also intrigue investors is that NFLX is trading at a 42% discount to its five-year median of 35X forward earnings and is well below a high of 65X during this period.
Image Source: Zacks Investment Research
Long-Term Fundamentals Still Look AttractiveAlthough short-term volatility around earnings is always possible, Netflix remains one of the highest-quality companies in the consumer discretionary sector.
Its expanding advertising platform, growing operating leverage, international opportunities, and robust content library provide multiple avenues for long-term growth. Combined with consistent free cash flow generation and a fortress-like balance sheet, Netflix remains well-positioned to compete effectively as streaming continues to evolve.
At the end of Q1, Netflix’s cash and equivalents had ballooned to over $12 billion, with the streaming giant having over $61 billion in total assets compared to around $30 billion in total liabilities.
Image Source: Zacks Investment Research
Furthermore, while Netflix no longer reports quarterly subscribers, it highlighted ongoing paid net additions and strong momentum in its ad-supported tier during Q1.
The company stated its $8.99 ad-supported plan accounted for more than 60% of new sign-ups in markets where the option is available. That momentum continued into the second quarter, with Netflix announcing at its May 2026 Upfront presentation that the ad-supported tier now reaches more than 250 million monthly active viewers worldwide, underscoring the growing scale of its advertising business.
Having already surpassed 325 million paid subscribers globally at the end of 2025, Netflix has maintained a commanding lead over streaming competitors despite increased competition from Disney (DIS - Free Report) ), Amazon (AMZN - Free Report) ), Warner Bros. Discovery (WBD - Free Report) ), and Paramount Skydance (PSKY - Free Report) .
This unmatched scale gives Netflix significant pricing power and provides a larger audience to monetize through its rapidly expanding advertising platform.
Bottom LineNetflix's Q2 report could provide the catalyst investors have been waiting for, particularly if management delivers stronger guidance, continued margin expansion, and encouraging commentary surrounding advertising and subscriber growth.
That said, Netflix stock currently lands a Zacks Rank #3 (Hold), suggesting investors may want to await management's post-earnings outlook and additional earnings estimate revisions before initiating or adding to existing positions.
In the latest close session, Qualcomm (QCOM - Free Report) was down 3.2% at $178.10. This move lagged the S&P 500's daily gain of 0.38%. On the other hand, the Dow registered a gain of 0.02%, and the technology-centric Nasdaq increased by 0.9%.
The stock of chipmaker has fallen by 16.68% in the past month, lagging the Computer and Technology sector's loss of 1.5% and the S&P 500's gain of 1.27%.
The upcoming earnings release of Qualcomm will be of great interest to investors. It is anticipated that the company will report an EPS of $2.21, marking a 20.22% fall compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $9.7 billion, showing a 6.46% drop compared to the year-ago quarter.
QCOM's full-year Zacks Consensus Estimates are calling for earnings of $10.77 per share and revenue of $42.67 billion. These results would represent year-over-year changes of -10.47% and -3.32%, respectively.
Investors should also note any recent changes to analyst estimates for Qualcomm. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% lower within the past month. Qualcomm presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Qualcomm is presently trading at a Forward P/E ratio of 17.09. For comparison, its industry has an average Forward P/E of 45.9, which means Qualcomm is trading at a discount to the group.
Meanwhile, QCOM's PEG ratio is currently 4.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Electronics - Semiconductors industry stood at 1.75 at the close of the market yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow QCOM in the coming trading sessions, be sure to utilize Zacks.com.
Akcie IBM po předběžných výsledcích za 2. čtvrtletí klesly asi o 25 %, protože tržby, zisk i růst softwarových tržeb zaostaly za odhady. Jim Cramer přesto akcii po tomto propadu nedoporučuje kvůli přesunu firemních rozpočtů do kyberbezpečnosti, hardwaru a AI.
CNBC's Jim Cramer said Tuesday that IBM has landed on the wrong side of a major shift in corporate technology spending.
"That's the new reality, and I have no idea when it will change, which is why I can't recommend IBM, not even after today's severe decline," the "Mad Money" host said.
IBM shares tumbled about 25% after the company preannounced disappointing second-quarter results ahead of next week's scheduled earnings release. Revenue, earnings and software revenue growth all fell short of Wall Street expectations, prompting CEO Arvind Krishna to acknowledge the company "faltered" as several large customer deals failed to close.
Cramer said the shortfall is one of the clearest signs yet that companies are reshuffling their information technology budgets as artificial intelligence spending accelerates.
He said businesses are increasingly prioritizing three areas of IT spending: cybersecurity, hardware and AI "tokens," or the consumption-based costs associated with using AI models. Other technology projects, he argued, are increasingly being pushed aside.
"Unfortunately for IBM, they have too many products and services that fall into the 'other types of spending' categories, even if they also have a decent overall AI narrative," he said.
Cramer praised Krishna for taking responsibility for the disappointing quarter and said IBM still has attractive long-term businesses, with the stock now yielding more than 3%.
However, he said those positives are not enough to offset concerns that IBM will continue to get hurt by shifting corporate technology budgets.
"I'm too worried about these trends to say that IBM's now safe to buy," Cramer said. "We're at the point in the year where IT managers are putting together their budgets for 2027, and you have to assume that these three priorities I just identified will continue to dominate, which means anything outside of them has a real problem."
"I hope that IBM truly is just seeing its deals get delayed, and not canceled," he added. "But I can't tell you to buy a stock because I hope something is true."
NextEra Energy v posledním obchodním dni uzavřela na 89,54 USD, což představuje denní růst o 1,31 % a lepší výkon než S&P 500. Za poslední měsíc akcie přidaly 2,62 %.
In the latest trading session, NextEra Energy (NEE - Free Report) closed at $89.54, marking a +1.31% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.38%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, added 0.9%.
The stock of parent company of Florida Power & Light Co. has risen by 2.62% in the past month, leading the Utilities sector's gain of 1.43% and the S&P 500's gain of 1.27%.
The upcoming earnings release of NextEra Energy will be of great interest to investors. The company's earnings report is expected on July 24, 2026. The company is expected to report EPS of $1.08, up 2.86% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $7.97 billion, reflecting a 18.92% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.01 per share and a revenue of $31.84 billion, representing changes of +8.09% and +16.16%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for NextEra Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.05% higher. NextEra Energy is holding a Zacks Rank of #2 (Buy) right now.
From a valuation perspective, NextEra Energy is currently exchanging hands at a Forward P/E ratio of 22.02. Its industry sports an average Forward P/E of 18.39, so one might conclude that NextEra Energy is trading at a premium comparatively.
We can additionally observe that NEE currently boasts a PEG ratio of 2.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Utility - Electric Power industry had an average PEG ratio of 2.74 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. This group has a Zacks Industry Rank of 168, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NEE in the coming trading sessions, be sure to utilize Zacks.com.
Dollar General v poslední seanci klesl o 2,67 % na 120,14 USD, zatímco S&P 500 vzrostl o 0,38 %. Investoři sledují nadcházející výsledky, čeká se EPS 2 USD a výnosy 11,17 miliardy USD.
In the latest close session, Dollar General (DG - Free Report) was down 2.67% at $120.14. This change lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.02%, while the tech-heavy Nasdaq appreciated by 0.9%.
Prior to today's trading, shares of the discount retailer had gained 6.06% outpaced the Retail-Wholesale sector's gain of 0.77% and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Dollar General in its upcoming release. The company is expected to report EPS of $2, up 7.53% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $11.17 billion, indicating a 4.16% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.36 per share and a revenue of $44.4 billion, representing changes of +7.45% and +3.92%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Dollar General. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.05% lower. Dollar General currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Dollar General is currently exchanging hands at a Forward P/E ratio of 16.76. Its industry sports an average Forward P/E of 27.98, so one might conclude that Dollar General is trading at a discount comparatively.
We can additionally observe that DG currently boasts a PEG ratio of 1.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Discount Stores industry stood at 2.46 at the close of the market yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 7, this industry ranks in the top 3% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
