Market Signal Briefing

Bitcoin supporters launch “Bitcoin for Signal” campaign to bring BTC payments to the app.

10 minutes ago

The price of the gold has skyrocketed to a new all-time high, pushing its market capitalization to a new milestone, with analysts predicting Bitcoin could be next.

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Gold’s market capitalization reached a record $30 trillion on Thursday as the commodity surged to a new all-time high of $4,357 per ounce. 

The milestone market cap peak means that gold is now 14.5 times larger than Bitcoin’s market capitalization, which is around $2.1 trillion.

It is also 1.5 times larger than the market capitalization of the “Magnificent 7” largest tech companies on the planet, Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla, whose combined market capitalization is just around $20 trillion.

Unlike a company’s stock market cap, which is based on outstanding shares, the market cap of gold is a calculation of the total value of all the gold that has ever been mined; however, it is impossible to know the exact amount. 

Gold rocketed this year, Bitcoin could benefit The price of gold has surged 64% since Jan. 1 as investors flock to the store of value asset amid dollar debasement, geopolitical tensions, and trade tariff woes. 

Gold has more than doubled since the beginning of 2024. Source: TradingViewMany analysts believe that capital will rotate into Bitcoin, often referred to as digital gold, when the gold market cools. 

“Gold added over $300 billion to its market cap today,” said crypto analyst Sykodelic on Thursday. “It’s been adding an entire Bitcoin market cap in one week,” he continued.

“I don’t understand how most cannot see that as soon as gold stalls, BTC is going to rip.”“If Bitcoin can loosen its correlation with US equities [amid] the tense geopolitical backdrop, particularly if gold flows decelerate, perhaps this is the trade after the trade,” said venture investor Joe Consorti.

Meanwhile, analyst ‘Merlijn the Trader’ observed that the M2 global money supply was surging, gold is ripping, but Bitcoin is sleeping. 

“This divergence never lasts, liquidity always finds risk, [and] the catch-up rally will be brutal,” he said.

Bitcoin prices lag gold and M2 but usually catch up. Source: Merlijn the Trader
Bitcoin (BTC) is currently up 16% from its levels on Jan. 1, which is almost 14% from its all-time high. 

Magazine: Binance shakes up Korea, Morgan Stanley’s security tokens in Japan: Asia Express

Newsmax confirmed Thursday that its board approved a plan to buy up to $5 million worth of Bitcoin and Trump Coin within the next twelve months, according to a statement shared by the network's executives. The purchases will begin “soon,” with future acquisitions depending on how the crypto market behaves.

Bitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher.

After touching an all-time high above $126,000, the world’s largest crypto asset has shed nearly 9% on the weekly charts, reflecting waning momentum amid broader market uncertainty and renewed U.S.–China trade tensions.

BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview
Bitcoin Tests Key Support as Momentum Fades
Currently, Bitcoin is trading around $111,300, down roughly 1% in 24 hours, after briefly dipping to an intraday low of $110,292. Technical indicators show the asset under pressure, with the 20-day and 50-day moving averages turning lower and a bearish crossover emerging on the MACD.

The Relative Strength Index (RSI) has fallen to the mid-40s, signaling cooling buying strength and the potential for further downside if support fails.

Analysts are eyeing $107,000–$110,000 as the crucial short-term demand zone. A decisive break below this area could open the path toward $100,000, while a bounce above $115,000–$123,000 would be needed to restore bullish sentiment.

“Bitcoin’s structure suggests fatigue at the top, with a potential double-top formation visible around $126,000,” one market analyst noted. “A weekly close below $110K would likely trigger broader profit-taking.”

Whales Turn Cautious, Bitcoin ETF Inflows Slow
On-chain data indicates that BTC whales have increased short exposure, signaling caution among large holders.

This aligns with reports of falling ETF inflows, which declined by over $223 million this week after surging more than $2.7 billion the week before. Analysts suggest this cooldown reflects a pause in institutional demand following months of aggressive accumulation.

Meanwhile, traders are closely watching macro developments, as gold’s rally to a record $4,200 has drawn some capital away from Bitcoin’s “digital gold” narrative. Weak U.S. data and tariff-related volatility have added pressure, pushing some investors back toward traditional safe havens.

Analysts Warn of Rising Wedge Breakdown
Technically, Bitcoin’s weekly chart shows a rising wedge pattern, often a bearish setup. If BTC closes the week below $110,000, the structure projects a potential downside target around $74,000, representing a 34% correction.

However, long-term metrics such as hash rate and network activity remain strong, suggesting that any deep retracement could offer a buying opportunity for patient investors.

For now, Bitcoin’s next move hinges on whether bulls can defend the $110K floor. A strong rebound from here could set the stage for another attempt toward $126K, but failure to hold support risks ushering in a much sharper correction before the next major rally begins.

Cover image from ChatGPT, BTCUSD chart on Tradingview

4 minutes ago

Blockchain gaming has faced a challenging year for funding, according to DappRadar, but a Q3 uptick brings hope, while recent game releases could turn the tide.

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Blockchain gaming projects have struggled to attract funding this year compared to 2024, but analysts argue there’s a sliver of hope as studios release new games aimed at tapping into the mainstream gaming audience. 

In Q3, the blockchain gaming industry saw $129 million of venture capital flow in, its strongest quarter this year, bringing the total for the year so far to $293 million. 

However, the total is only a fraction compared to last year. In 2024, DappRadar recorded over $1.8 billion flowing into the blockchain gaming industry, and 2025 is so far on track to only attract 25% of the previous year’s total.

DappRadar’s head of content, Robert Hoogendoorn, said the recent Q3 uptick was also likely influenced by a surge in the wider crypto market. 

Investments in blockchain gaming saw a bump in Q3 compared to previous quarters this year. Source: DappRadar“That shimmer of success can’t be seen separate from the general crypto market. The past few months have been a period of growth, mainly for Bitcoin,” he said in the State of Blockchain Gaming Q3 report released on Thursday. 

Investors are more discerningHoogendoorn said this “means that development teams can no longer rely on half-assed products to acquire funding.”

“Instead, they need to show a working product and create actual demand. Venture capital still flows, but not every shiny new idea gets the chance to flourish.”In March, Sky Mavis co-founder Jeffrey Zirlin shared a similar opinion, telling Cointelegraph that crypto gaming investors are no longer blindly throwing funds into “Axie killers” that fail to deliver. 

The three biggest funding rounds for the quarter saw developer E-PAL attract $30 million for its gaming platform, while first-person shooter Shrapnel got $19.5 million, and India-based studio SuperGaming scored $15 million to expand its battle royale game and develop its own L3 network on top of Base.

“Some projects thrive while the market conditions aren’t optimal, others have development teams that have managed their funds properly to overcome the hurdles of a bear market,” Hoogendoorn added.

Mainstream adoption provides a shimmer of hope Mainstream adoption could provide some new blood for the industry, said Hoogendoorn, but at the moment, there has been some “difficulty attracting a mainstream audience,” and studios hoping to onboard millions of gaming enthusiasts are having limited success.

“However, during Q3 2025, we did see some reputable projects launching their games, creating a shimmer of hope for an industry longing for mainstream acceptance,” Hoogendoorn said.

“As we close Q3 2025, blockchain gaming stands at a crossroads: resilient amid contraction, yet hungry for mainstream breakthroughs.”Online data platform Statista estimates that there are over 2.7 billion active gamers globally, representing a massive market for blockchain-based games. 

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

Kaifu Zhang, Alibaba Group VP, oversees search, recommendation, and AI innovations at group's e-commerce businesses. He talks exclusively to Bloomberg about how his company is forging ahead with AI in e-commerce.

Gold's long-term uptrend remains intact, UOB's Global Economics & Markets Research. said.

Nestle is upgraded to 'Buy' as new CEO Philipp Navratil initiates bold cost-cutting and cultural transformation. NSRGY targets a 6% workforce reduction and a shift to performance-based culture, aiming for agility and improved accountability. Recent results show accelerating organic growth, with priority products growing 14% year-to-date.

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

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

News Release Highlights: Battery X Metals files NI 43-101 Technical Report for the Y Lithium Project near Bailey Lake, Saskatchewan, advancing the Company's 2025 critical battery metal exploration program. A high-resolution LiDAR and orthophoto survey was completed, with an assessment report submitted to the Saskatchewan Ministry of Energy and Resources; the LiDAR survey and assessment report qualifies for a 1.5x exploration expenditure credit, reducing required 2025 expenditures to approximately CAD $58,559.

Sanlam Limited (OTCPK:SLLDY) Analyst/Investor Day October 16, 2025 6:30 AM EDT

Company Participants

Asha Sookha
Paul Hanratty - Group CEO & Executive Director
David Marshall
Tavaziva Madzinga - Chief Executive Officer of Santam
Heinie Werth - Chief Executive Officer of SAZ JV
Anton Gildenhuys - Chief Executive Officer of SA Retail Affluent
Bongani Madikiza - Chief Executive Officer of SA Retail Mass
Karl Westvig
Ashutosh Kulkarni - CEO & Executive Director
Carl Roothman - Chief Executive Officer of Sanlam Investment Group
Abigail Mukhuba - Finance Director & Executive Director
Lotz Mahlangeni - Chief Risk Officer & Chief Actuary

Conference Call Participants

Warwick Bam - Morgan Stanley, Research Division
Francois Du Toit - Anchor Stockbrokers Proprietary Limited, Research Division
Harry Botha - BofA Securities, Research Division
Marius Strydom
Oliver Bate - Allianz SE
Baron Nkomo - JPMorgan Chase & Co, Research Division

Conversation

Asha Sookha

Good afternoon, and a very warm welcome to the Sanlam 2025 Capital Markets Day. To our investors, analysts and colleagues, thank you for taking the time and interest in joining us today, both in person here in Cape Town and online via our live stream. My name is Asha Sookha from the Sanlam Group Strategy Office, and it gives me great pleasure to be your MC for the day. I'll be facilitating today's program, which includes presentations, Q&A sessions and a variety of multimedia collateral to help give you a better understanding of Sanlam's investment case and our growth trajectory over the next 5 years.

Before we dive into the detail of today's program, I'm keen to get a few quick housekeeping matters out of the way. For those that are here with us in the room, please note that this is a nonsmoking venue. There is a designated smoking area which you can find when you exit the auditorium door to your left through the glass sliding door and keep left towards the

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SAINT-BRUNO-DE-MONTARVILLE, Quebec, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Company”) reports its results for the third quarter ended September 6, 2025.

Q3: 2025-10-15 Earnings SummaryEPS of $0.61 beats by $0.01

 |

Revenue of

$280.59M

(7.66% Y/Y)

beats by $10.63M

Home BancShares, Inc. (NYSE:HOMB) Q3 2025 Earnings Call October 16, 2025 2:00 PM EDT

Company Participants

Donna Townsell - Senior EVP, Director of Investor Relations, Corporate Secretary & Director
John Allison - Co-Founder, Chairman & CEO
John Tipton - Chief Executive Officer
Kevin Hester - President & Chief Lending Officer
Christopher Poulton - President of Centennial Commercial Finance Group
Brian Davis - CFO, Treasurer & Director

Conference Call Participants

David Rochester - Cantor Fitzgerald & Co., Research Division
Jon Arfstrom - RBC Capital Markets, Research Division
Brett Rabatin - Hovde Group, LLC, Research Division
Stephen Scouten - Piper Sandler & Co., Research Division
Matt Olney - Stephens Inc., Research Division
Catherine Mealor - Keefe, Bruyette, & Woods, Inc., Research Division
Brian Martin - Janney Montgomery Scott LLC, Research Division
Michael Rose - Raymond James & Associates, Inc., Research Division

Presentation

Operator

Greetings, ladies and gentlemen. Welcome to the Home Bancshares, Inc. Third Quarter 2025 Earnings Call. The purpose of this call is to discuss the information and data provided in the quarterly earnings release issued after the market closed yesterday. The company presenters will begin with prepared remarks and then entertain questions. [Operator Instructions]

The company has asked me to remind everyone to refer to their cautionary note regarding forward-looking statements. You will find this note on Page 3 of their Form 10-K filed with the SEC in February 2025. [Operator Instructions] This conference is being recorded. [Operator Instructions]

It is now my pleasure to turn the call over to Donna Townsell, Director of Investor Relations.

Donna Townsell
Senior EVP, Director of Investor Relations, Corporate Secretary & Director

Thank you. Good afternoon, and welcome to our third quarter conference call. With me for today's discussion is our Chairman, John Allison; Stephen Tipton, Chief Executive Officer of Centennial Bank; Kevin Hester, President and Chief Lending Officer; Brian Davis, our Chief Financial Officer; Chris Poulton, President of CCFG; and Scott Walter of Shore Premier Finance.

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October 16, 2025 22:03 ET

 | Source:

Bitfarms Ltd.

Opportunistic capital raise for general corporate purposesEither net proceeds from this offering or cash on hand to be used to purchase cash-settled capped calls to offset economic dilution up to a cap of 125% premium to the last reported sale price of Bitfarms’ common shares on Nasdaq on the date of pricing TORONTO, Ontario and NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Bitfarms Ltd. (NASDAQ/TSX: BITF), a North American energy and digital infrastructure company (“Bitfarms” or the “Company”), today announced that it has priced its offering of US$500 million aggregate principal amount of 1.375% convertible senior notes due 2031 (the “Convertible Notes”). Bitfarms has also granted the initial purchasers of the Convertible Notes an option to purchase, for a 13-day period beginning on and including the date on which the Convertible Notes are first issued, up to an additional US$88 million aggregate principal amount of the Convertible Notes. The aggregate principal amount of the offering was increased from the previously announced offering size of $300 million (or $360 million if the initial purchasers exercise their option to purchase the option in full). The offering is expected to close, subject to customary closing conditions (including receipt of Toronto Stock Exchange (“TSX”) approval), on or about October 21, 2025.

Description of Notes

The Convertible Notes will be senior unsecured obligations of the Company and will accrue interest at a rate of 1.375% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on July 15, 2026. The Convertible Notes will mature on January 15, 2031, unless earlier repurchased, redeemed or converted in accordance with their terms. The Company will have the right to redeem the Convertible Notes in certain circumstances and will be required to offer to repurchase the Convertible Notes upon the occurrence of certain events.

Prior to October 15, 2030, the Convertible Notes will be convertible only upon satisfaction of certain conditions and during certain periods, and thereafter, the Convertible Notes will be convertible at the option of holders at any time until the close of business on the business day immediately preceding the maturity date.

The Convertible Notes will have an initial conversion rate of 145.6876 common shares per US$1,000 principal amount of Convertible Notes, equivalent to an initial conversion price of approximately US$6.86 per common share. The initial conversion rate represents a premium of approximately 30% to the last reported sale price of US$5.28 per common share on the Nasdaq on October 16, 2025. The conversion rate and conversion price will be subject to adjustment in certain circumstances. In addition, if certain corporate events occur or the Company delivers a notice of redemption, the Company will, in certain circumstances, increase the conversion rate for any Convertible Notes converted in connection with such corporate event or notice or redemption. The Company may settle conversions of the Convertible Notes in cash, common shares or a combination of cash and common shares, at the Company's election.

Use of Proceeds

The Company intends to use the net proceeds from the offering for general corporate purposes. Additionally, the Company intends to use either net proceeds from this offering or cash on hand to pay the cost of the capped call transactions described below.

Capped Call Transactions

In connection with the pricing of the Convertible Notes, the Company entered into privately negotiated cash-settled capped call transactions with one or more of the initial purchasers of the Convertible Notes, their respective affiliates, and/or other financial institutions (the "capped call counterparties"). The capped call transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the Convertible Notes, the number of common shares initially underlying the Convertible Notes, assuming the initial purchasers do not exercise their option to purchase additional notes. The cap price of the capped call transactions is initially US$11.88 per common share, which represents a premium of approximately 125% to the last reported sale price of US$5.28 per common share on the Nasdaq on October 16, 2025, and will be subject to customary anti-dilution adjustments under the terms of the capped call transactions. If the initial purchasers of the Convertible Notes exercise their option to purchase additional Convertible Notes, the Company expects to use the net proceeds from the sale of additional Convertible Notes for general corporate purposes and additionally, the Company intends to use the net proceeds from the sale of the additional Convertible Notes or existing cash on hand to fund the cost of entering into additional capped call transactions with the capped call counterparties.

The capped call transactions are expected generally to reduce potential economic dilution upon conversion of any Convertible Notes and/or offset any cash payments the Company could be required to make in excess of the principal amount of any converted Convertible Notes upon conversion thereof, as the case may be, with such reduction and/or offset subject to a cap equal to approximately a 125% premium to the last reported sale price of Bitfarms’ common shares on Nasdaq on the date of pricing.

In connection with establishing their initial hedges of the capped call transactions, the Company expects the capped call counterparties or their respective affiliates to purchase common shares and/or enter into various derivative transactions with respect to the common shares concurrently with or shortly after the pricing of the Convertible Notes, and such capped call counterparties or their respective affiliates may unwind these various derivative transactions and/or sell common shares in open market transactions. This activity could increase (or reduce the size of any decrease in) the market price of the common shares or the Convertible Notes at that time. In addition, the capped call counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the common shares and/or purchasing or selling common shares or other securities of the Company in secondary market transactions following the pricing of the Convertible Notes and prior to the maturity of the Convertible Notes (and are likely to do so during any observation period related to a conversion of the Convertible Notes). This activity could also cause or avoid an increase or decrease in the market price of the common shares or the Convertible Notes, which could affect holders of the Convertible Notes' ability to convert the Convertible Notes and, to the extent the activity occurs during any observation period related to a conversion of the Convertible Notes, it could affect the amount and value of the consideration that holders of the Convertible Notes will receive upon conversion of such Convertible Notes.

The Convertible Notes and the common shares issuable upon the conversion thereof have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), registered under any state securities laws, or qualified by a prospectus in any province or territory of Canada. The Convertible Notes and the common shares may not be offered, sold or delivered, directly or indirectly, in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. The Convertible Notes will be offered only to “qualified institutional buyers” (as defined in Rule 144A under the Securities Act). Offers and sales in Canada will be made only pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.

The Company is relying on the exemption under Section 602.1 of the Toronto Stock Exchange’s Company Manual (the “TSX manual”) available to Eligible Interlisted Issuers (as defined in the TSX manual) in respect of the offering.

This press release is neither an offer to sell, nor is it a solicitation of an offer to buy the Convertible Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Convertible Notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Bitfarms Ltd.
Bitfarms is a North American energy and digital infrastructure company that builds and operates vertically integrated, state-of-the-art data centers and energy infrastructure for high-performance computing and Bitcoin mining.

With a focus on U.S. growth, Bitfarms’ 1.3 GW energy pipeline is more than 80% U.S.-based and clustered in data center hotspots with robust access to power and fiber infrastructure.

Bitfarms was founded in 2017 and is a proven leader in digital infrastructure with operations throughout the Americas. Bitfarms is headquartered in New York, NY and Toronto, ON and traded on the Nasdaq and Toronto Stock Exchange.

Forward-Looking Statements  
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding anticipated future events and expectations that are not historical facts, such as statements concerning the terms of the Convertible Notes and the capped call transactions, the completion, timing and size of the offering of the Convertible Notes and the capped call transactions, and the anticipated use of proceeds from the offering are forward-looking information.

Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: an inability to apply the Company’s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; an inability to satisfy the Panther Creek location related milestones which are conditions to loan drawdowns under the Macquarie Group financing facility; an inability to deploy the proceeds of the Macquarie Group financing facility to generate positive returns at the Panther Creek location; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to the operation of the former Stronghold plants which entail environmental risk and certain additional risk factors particular to the former business and operations of Stronghold including, land reclamation requirements may be burdensome and expensive, changes in tax credits related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements, the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected, could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; the risks of debt leverage and the ability to service and eventually repay the Macquarie Group financing facility; volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; risks related to the Company ceasing to qualify as an “emerging growth company”; risks related to unsolicited investor interest, takeover proposals, shareholder activism or proxy contests relating to the election of directors; risks relating to lawsuits and other legal proceedings and challenges; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov), including the Company's annual information form for the year ended December 31, 2024, management’s discussion and analysis for the year-ended December 31, 2024 and the management's discussion and analysis for the three and six months ended June 30, 2025. Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Investor Relations Contact:
Laine Yonker
[email protected]

Media Contact:
Caroline Brady Baker
[email protected]

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers or sellers of common stock of Cepton, Inc. (NASDAQ: CPTN) between July 29, 2024 and January 6, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025.

SO WHAT: If you purchased or sold Cepton, Inc. common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Cepton, Inc. class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding Cepton’s business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition (Cepton’s merger with Koita Manufacturing Co., Ltd.); (2) Cepton’s Board of Directors failed to meaningfully explore the foregoing offer and failed to disclose its terms when recommending that Cepton’s shareholders approve the Koito Acquisition; (3) consequently, Cepton’s shareholders were deprived of the opportunity to meaningfully consider whether to accept or reject the Koito Acquisition; and (4) as a result, defendants’ public statements were materially false and misleading at all relevant times.

To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential breaches of fiduciary duties by the directors and officers of Danaher Corporation (NYSE: DHR).

If you currently own shares of Danaher stock, please visit the firm’s website at https://rosenlegal.com/submit-form/?case_id=17717 for more information. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected].

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:        

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Cytokinetics, Inc. (NASDAQ: CYTK) between December 27, 2023 and May 6, 2025, both dates inclusive (the “Class Period”), of the important November 17, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Cytokinetics common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Cytokinetics class action, go to https://rosenlegal.com/submit-form/?case_id=45298 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements regarding the timeline for the New Drug Application (“NDA”) submission and approval process for aficamten. Specifically, defendants represented that Cytokinetics expected approval from the U.S. Food and Drug Administration (“FDA”) for its NDA for aficamten in the second half of 2025, based on a September 26, 2025 Prescription Drug User Fee Act (“PDUFA”) date, and failed to disclose material risks related to Cytokinetics’ failure to submit a Risk Evaluation and Mitigation Strategy (“REMS”) that could delay the regulatory process. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cytokinetics class action, go to https://rosenlegal.com/submit-form/?case_id=45298 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

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

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

October 16, 2025 22:31 ET

 | Source:

atai Life Sciences

NEW YORK and AMSTERDAM, Oct. 16, 2025 (GLOBE NEWSWIRE) -- atai Life Sciences (NASDAQ: ATAI) (“atai” or “Company”), a clinical-stage biopharmaceutical company focused on transforming the treatment of mental health disorders, today announced the pricing of a registered underwritten offering of 23,725,000 common shares, at a price of $5.48 per share. atai has granted the underwriters a 30-day option to purchase up to an additional 3,558,750 common shares at the public offering price, less the underwriting discount. All common shares to be sold in the offering will be sold by atai.

The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses payable by atai, are expected to be approximately $130 million. atai intends to use the net proceeds of this offering, together with existing cash, cash equivalents and short-term investments, to advance the clinical development of its product candidates and programs, as well as for working capital and general corporate purposes.

The offering is expected to close on October 20, 2025, subject to customary closing conditions.

Jefferies LLC is the lead bookrunner for the offering. Berenberg Capital Markets LLC is also acting as passive bookrunner for the offering. Oppenheimer & Co. Inc. and Canaccord Genuity LLC are acting as co-managers for the offering.

The securities in the underwritten offering described above are being offered pursuant to an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission (“SEC”) on September 29, 2025, which became effective automatically upon filing. This offering is being made only by means of a prospectus supplement and the accompanying prospectus which forms a part of the effective shelf registration statement. A final prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. Copies of the final prospectus may be obtained, when available, by contacting: Jefferies LLC, Attention: Equity Syndicate Prospectus Department , 520 Madison Avenue, New York, New York 10022, or by telephone at 877-821-7388 , or by e-mail at [email protected]; Berenberg Capital Markets LLC, Attention: Investment Banking, 1251 Avenue of the Americas, 53rd Floor, New York, New York 10020, or by telephone at +1 (646) 949-9000, or by e-mail at [email protected]; Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department , 85 Broad Street, New York, New York 10004, or by telephone at (212) 667-8055 , or by e-mail at [email protected]; or Canaccord Genuity LLC, Attention: Syndication Department, 1 Post Office Square, 30th Floor, Boston, Massachusetts 02109, or by e-mail at [email protected].

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

About atai Life Sciences
atai is a clinical-stage biopharmaceutical company on a mission to develop highly effective mental health treatments to transform patient outcomes. Its pipeline of psychedelic-based therapies includes BPL-003 (intranasal mebufotenin benzoate) for treatment-resistant depression (TRD), which is being advanced through a strategic investment and planned strategic combination with Beckley Psytech Limited; VLS-01 (buccal film DMT) also for TRD; and EMP-01 (oral R-MDMA) for social anxiety disorder. All three programs are in Phase 2 clinical development. atai is also advancing a drug discovery program to identify novel, non-hallucinogenic 5-HT2AR agonists for TRD and opioid use disorder. These programs aim to address the complex nature of mental health providing commercially scalable interventional psychiatry therapies that can integrate seamlessly into healthcare systems.

Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, the uncertainties related to the completion of the public offering, the grant of the option to purchase additional shares, the anticipated use of proceeds from the offering and other statements relating to the proposed offering. There are numerous risks and uncertainties that could cause actual results and atai’s plans and objectives to differ materially from those expressed in the forward-looking information, such as those risks discussed in the section entitled “Risk Factors” set forth in atai’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, in each case, as filed with the SEC, and future reports to be filed with the SEC. These documents contain and identify important factors that could cause the actual results for atai to differ materially from those contained in atai’s forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and atai specifically disclaims any obligation to update any forward-looking statement, except as required by law. These forward-looking statements should not be relied upon as representing atai’s views as of any date subsequent to the date of this press release.

Contact Information
Investor Contact:
[email protected]  

Media Contact:
[email protected]

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Q3 2025 Earnings Call October 16, 2025 4:30 PM EDT

Company Participants

Nancy Stuebe - Director of Investor Relations
Paul Brody - CFO, Treasurer, Secretary & Director
Milan Galik - President, CEO & Director
Thomas Peterffy - Founder & Chairman

Conference Call Participants

Brennan Hawken - BMO Capital Markets Equity Research
Benjamin Budish - Barclays Bank PLC, Research Division
Patrick Moley - Piper Sandler & Co., Research Division
Daniel Fannon - Jefferies LLC, Research Division
James Yaro - Goldman Sachs Group, Inc., Research Division
Craig Siegenthaler - BofA Securities, Research Division

Presentation

Operator

Thank you for standing by, and welcome to the Interactive Brokers Group Third Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, today's program is being recorded.

And now I'd like to introduce your host for today's program, Nancy Stuebe, Director of Investor Relations. Please go ahead.

Nancy Stuebe
Director of Investor Relations

Good afternoon, and thank you for joining us for our third quarter 2025 earnings call. Joining us today are Thomas Peterffy, our Founder and Chairman; Milan Galik, our President and CEO; and Paul Brody, our CFO. I will be presenting Milan's comments on the business, and all 3 will be available at our Q&A.

As a reminder, today's call may include forward-looking statements, which represent the company's belief regarding future events, which, by their nature, are not certain and are outside of the company's control. Our actual results and financial condition may differ, possibly materially, from what is indicated in these forward-looking statements.

We ask that you refer to the disclaimers in our press release. You should also review a description of risk factors contained in our financial reports filed with the SEC.

During the third quarter, the market climbed a huge wall of worry with little pause. There is no shortage of traditional reasons for investors

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October 16, 2025 8:47 PM EDT | Source: Stardust Solar Energy Inc.
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) (OTCQB: SUNXF) (FSE: 6330) ("Stardust Solar" or the "Corporation") announces that at the Corporation's September 18, 2025, Annual and Special Meeting (the "Meeting"), all proposed resolutions set out in the Company's Information Circular dated August 17, 2025 were passed at the Meeting.

At the Meeting:

(i) Mark Tadros, Vitaly Melnikov, Eamonn McHugh, Ohad David and Paul Baluch were elected directors of the Corporation;

(ii) Davidson & Company, Chartered Professional Accountants, were appointed Auditor of the Corporation for the ensuing year at a remuneration to be fixed by the directors;

(iii) The Corporation's Amended Omnibus Plan of the Corporation dated effective September 24, 2025, as amended on August 11, 2025 was ratified, confirmed and approved; and

(iv) A share unit awards increase under the Amended Omnibus Plan, to total a maximum of 8,880,014 common shares for share unit awards under the Amended Omnibus Plan was ratified, confirmed and approved.

Also at the Meeting and further to the Company's August 8, 2025 news release, shareholders ratified, confirmed and approved the Corporation's new Canada Business Corporations Act by-law being a by-law relating generally to the conduct of the business and affairs of the Corporation ("By-Law No. 1"), and including and introducing an advance notice requirement in connection with shareholders intending to nominate directors in certain circumstances (the "Advance Notice Provisions"). By-Law No. 1 is attached as Schedule "B" to the Corporation's Meeting Management Proxy Circular dated August 17, 2025.

A copy of By-Law No. 1 dated effective July 30, 2025 can be accessed under the Corporation's SEDAR+ corporate profile at www.sedarplus.ca.

About Stardust Solar Energy Inc.

Stardust Solar is a North American franchisor of renewable energy installation services, specializing in solar panels (PV), energy storage systems, and electric vehicle supply equipment. The Company equips entrepreneurs with branded business management services, cutting-edge equipment, and comprehensive support, including marketing, sales, engineering, and project management. With franchises across Canada and the United States, Stardust Solar drives the adoption of clean energy solutions that boost economic development and create a more sustainable future.

This press release was prepared on behalf of the Board of Directors, which accepts full responsibility for its content.

DISCLAIMER

The information in this news release includes certain information and statements about management's view of future events, expectations, plans, and prospects that constitute forward-looking statements, including statements relating to the adoption, effectiveness, and ratification of New By-Law No. 1, and the Advance Notice Provisions on the Corporation's corporate governance. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties, and as a result of a variety of factors, actual results, expectations, achievements, or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from those forward-looking statements or from future results. Although the Corporation believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurances that the expectations of any such statements will prove to be correct. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270806

Q2: 2025-10-16 Earnings SummaryEPS of $0.04 misses by $0.00

 |

Revenue of

$2.58B

(-2.73% Y/Y)

beats by $17.05M

Wipro Limited (NYSE:WIT) Q2 2026 Earnings Call October 16, 2025 7:00 AM EDT

Company Participants

Nisha Chandrasekaran - Manager of External Communications
Srinivas Pallia - CEO, MD, Executive Director & Member of Executive Board
Aparna Iyer - Senior VP, CFO & Member of Executive Board
Saurabh Govil - Chief Human Resources Officer & Executive Board Member

Conference Call Participants

Rohit Chintapali
Ayanti Bera

Presentation

Nisha Chandrasekaran
Manager of External Communications

Welcome, everyone, to our Kodathi campus. For those of us who are joining virtually, good morning, good afternoon, good evening. We will begin the press conference for Wipro's second quarter earnings. My name is Nisha Chandrasekaran. I'm part of the external communications team, and I will be your moderator for today. Joining me on stage is our Chief Financial Officer, Aparna Iyer; our Chief Executive Officer and Managing Director, Srini Pallia; and our Chief Human Resources Officer, Saurabh Govil. We will begin with opening remarks from our CEO, followed by a financial review from our CFO. Post that, we'll open the floor for your questions.

With that, let me hand over to our CEO and Managing Director, Srini Pallia.

Srinivas Pallia
CEO, MD, Executive Director & Member of Executive Board

Thank you, Nisha. Good evening, and thank you all for joining us today.

In quarter 2, our IT services revenue stood at $2.6 billion with a sequential growth of 0.3% in constant currency. Our adjusted operating margin for this quarter was 17.2%. This is within the narrow band we had previously indicated, and it's an improvement of 0.4% compared to the same period last year.

Let me now walk you through some of the highlights and key movements from this quarter. Within our markets, 3 of the 4 SMUs reported sequential growth. Americas 1 delivered sequential and year-on-year growth, driven by strong performance in health care, technology and

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A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer Purchase Licensing Rights, opens new tab

Oct 17 (Reuters) - Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine.

Brent crude futures fell 8 cents, or 0.13%, lower at $60.98 a barrel at 0030 GMT, while U.S. West Texas Intermediate futures were down 9 cents, or 0.16%, at $57.37.

Sign up here.

On a weekly basis, both benchmarks were down nearly 3%, partly due to the International Energy Agency's outlook for a growing supply glut in 2026.

Trump and Putin agreed on Thursday to another summit on the war in Ukraine, a surprise move that came as Moscow feared fresh U.S. military support for Kyiv. The meeting may be held within the next two weeks in Budapest.

The development came as was headed to the White House on Friday to push for more military support, including U.S.-made long-range Tomahawk missiles, while Washington pressured India and China to stop buying Russian oil.

"Concerns of tighter supplies were eased after it was announced that Trump would be meeting with Putin to discuss ending the war in Ukraine," Daniel Hynes, an analyst at ANZ, said in a note.

Also weighing on prices, the Energy Information Administration said on Thursday U.S. crude inventories increased by 3.5 million barrels to 423.8 million barrels last week, compared with analysts' expectations in a Reuters poll for a 288,000-barrel rise.

The bigger-than-expected build in crude inventory was largely due to lower refining utilization as refineries go into fall turnarounds.

The data also showed a rise in U.S. production to 13.636 million barrels per day, the highest on record.

In the previous session, Brent settled 1.37% lower and U.S. WTI closed down 1.39%, their lowest since May 5.

Reporting by Nicole Jao in New York; Editing by Sonali Paul

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

CSX Corporation (NASDAQ:CSX) Q3 2025 Earnings Call October 16, 2025 4:30 PM EDT

Company Participants

Matthew Korn - Head of Investor Relations
Stephen Angel - CEO, President & Director
Michael Cory - Executive VP & COO
Kevin Boone - Executive VP & Chief Commercial Officer
Sean Pelkey - Executive VP & CFO

Conference Call Participants

Brian Ossenbeck - JPMorgan Chase & Co, Research Division
Stephanie Benjamin Moore - Jefferies LLC, Research Division
Christian Wetherbee - Wells Fargo Securities, LLC, Research Division
Ken Hoexter - BofA Securities, Research Division
Ariel Rosa - Citigroup Inc., Research Division
Jonathan Chappell - Evercore ISI Institutional Equities, Research Division
Scott Group - Wolfe Research, LLC
Brandon Oglenski - Barclays Bank PLC, Research Division
Thomas Wadewitz - UBS Investment Bank, Research Division
Walter Spracklin - RBC Capital Markets, Research Division
Ravi Shanker - Morgan Stanley, Research Division
Richa Harnain
Jason Seidl - TD Cowen, Research Division
Jordan Alliger - Goldman Sachs Group, Inc., Research Division
Jeffrey Kauffman - Vertical Research Partners, LLC
David Vernon - Sanford C. Bernstein & Co., LLC., Research Division
Bascome Majors - Susquehanna Financial Group, LLLP, Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by. My name is Colby and I will be your conference operator today. At this time, I would like to welcome you to the Q3 2025 CSX Corporation Earnings Conference Call. [Operator Instructions] Thank you.

I would like to turn the conference over to Matthew Korn, Head of Investor Relations and Strategy. Please go ahead.

Matthew Korn
Head of Investor Relations

Thank you, Colby. Good afternoon, everyone. We're very pleased to happy to join our third quarter earnings call. Joining me from the CSX leadership team are Steve Angel, President and Chief Executive Officer; Mike Cory, EVP and Chief Operating Officer; Kevin Boone, EVP and Chief Commercial Officer; and Sean Pelkey, EVP and Chief Financial Officer.

In the presentation that accompanies this call, which

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Q3: 2025-10-15 Earnings SummaryEPS of $2.78 beats by $0.10

 |

Revenue of

$15.23B

(2.57% Y/Y)

misses by $68.99M

United Airlines Holdings, Inc. (NASDAQ:UAL) Q3 2025 Earnings Call October 16, 2025 10:30 AM EDT

Company Participants

Kristina Munoz - Managing Director of Investor Relations
Scott Kirby - CEO & Director
Brett Hart - President
Andrew Nocella - Executive VP & Chief Commercial Officer
Michael Leskinen - Executive VP & CFO
Toby Enqvist - Executive VP & COO

Conference Call Participants

Catherine O'Brien - Goldman Sachs Group, Inc., Research Division
Jamie Baker - JPMorgan Chase & Co, Research Division
Andrew Didora - BofA Securities, Research Division
Sheila Kahyaoglu - Jefferies LLC, Research Division
Duane Pfennigwerth - Evercore ISI Institutional Equities, Research Division
Conor Cunningham - Melius Research LLC
Scott Group - Wolfe Research, LLC
Thomas Fitzgerald - TD Cowen, Research Division
Michael Linenberg - Deutsche Bank AG, Research Division
Savanthi Syth - Raymond James & Associates, Inc., Research Division
Ravi Shanker - Morgan Stanley, Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
Niraj Chokshi
Rajesh Singh
Leslie Josephs

Presentation

Operator

Good morning, and welcome to United Airlines Holdings' Earnings Conference Call for the Third Quarter of 2025. My name is Regina, and I will be your conference facilitator today. Following the initial remarks from management, we will open the lines for questions. [Operator Instructions] This call is being recorded and is copyrighted. Please note that no portion of the call may be recorded, transcribed or rebroadcast without the company's permission. Your participation implies your consent to our recording of this call. If you do not agree with these terms, simply drop off the line.

I will now turn the presentation over to your host for today's call, Kristina Edwards, Managing Director of Investor Relations. Please go ahead.

Kristina Munoz
Managing Director of Investor Relations

Thanks, Regina. Good morning, everyone, and welcome to United's Third Quarter 2025 Earnings Conference Call. Yesterday, we issued our earnings release, which is available on our website at ir.united.com. Information in yesterday's release and the remarks made during this

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