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 Aptiv taps Kyndryl to power modernization initiatives and expand worldwide access to Wind River technologies 

NEW YORK and SCHAFFHAUSEN, Switzerland, /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, and Aptiv, a global industrial technology leader, today announced a strategic collaboration to accelerate customer innovation in mission-critical environments across global markets. 

Aptiv selected Kyndryl to provide advisory, implementation and managed service support to modernize their customer experience and product engineering. Kyndryl will deploy Aptiv's Wind River software as part of its solutions portfolio. This partnership brings together advanced Wind River's technologies – including Wind River Cloud Platform's powerful private/sovereign cloud capabilities, eLxr Pro™, VxWorks®, and Helix™ Virtualization Platform – with Kyndryl's leadership in advisory, implementation, and managed services capabilities. The companies will collaborate on joint go-to-market initiatives and integrated offerings designed to help customers prepare for an edge AI-driven landscape, and operate and secure mission-critical environments with reduced deployment complexity and less risk while adopting edge and cloud capabilities.

"More organizations are moving critical workloads to the edge, where applications cannot fail," said Jamie Rutledge, President, Kyndryl U.S. "By partnering with Aptiv to leverage Wind River technologies, we are strengthening Kyndryl's ability to deliver resilient, secure systems that can be deployed and managed at scale, while helping customers meet data sovereignty, regulatory and operational goals." 

"As industries are faced with an increasingly intelligent edge and growth of AI workloads, Wind River technologies deliver the scalable, secure, and efficient infrastructure that can meet complex demands of mission-critical environments today and into the future. Together with Kyndryl, we unlock that capability at scale," said Ed Harbour, Chief Customer Officer, Intelligent Systems, Software and Services, Aptiv. "Our collaboration enables customers to innovate faster with easier access to proven, high-performance edge-and-cloud architectures, backed by trusted systems integration, operational support, and deployment reach."

The partnership expands the global reach of Wind River products and enables greater focus on software innovation while strengthening Kyndryl's solutions portfolio with advanced real-time technologies. Together, the companies aim to deliver more consistent outcomes for customers across industries with high-performance and reliability requirements.

About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the Company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit www.kyndryl.com.

About Aptiv
Aptiv PLC (NYSE: APTV) is a global industrial technology leader delivering advanced solutions people trust when it matters most across automotive, commercial vehicle, aerospace and defense, telecom and datacom, and other diversified industrial end markets. Our differentiated portfolio enables devices and systems to sense, think, act, and continuously optimize performance. Building on decades of innovation, Aptiv brings global scale and a resilient, localized value chain to customers across the globe. Learn more at https://www.aptiv.com/.

Kyndryl Press Contact
[email protected]

Forward-Looking Statements 
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "intend," "may," "objectives," "opportunity," "plan," "position," "predict," "project," "should," "seek," "target," "will," "would" and other similar words or expressions or the negative thereof or other variations thereon. All statements other than statements of historical fact, including without limitation statements concerning Kyndryl's plans, objectives, goals, beliefs, business strategies, future events, business condition, results of operations, financial position, business outlook and business trends and other non-historical statements, are forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release. Except as required by law, Kyndryl assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, including those described in the "Risk Factors" section of Kyndryl's most recent Annual Report on Form 10-K, and may be further updated from time to time in Kyndryl's subsequent filings with the Securities and Exchange Commission.

SOURCE Kyndryl

, /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in CoreWeave, Inc. (NASDAQ: CRWV) shares.

Investors who purchased shares of CoreWeave, Inc. (NASDAQ: CRWV) prior to March 28, 2025 and continue to hold any of thoseNASDAQ: CRWV shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On January 12, 2026, aNASDAQ: CRWV investor filed a lawsuit over alleged securities laws violations by CoreWeave, Inc. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose that, the defendants had overstated CoreWeave's ability to meet customer demand for its service, that the defendants materially understated the scope and severity of the risk that CoreWeave's reliance on a single third-party data center supplier presented for CoreWeave's ability to meet customer demand for its services, that the foregoing was reasonably likely to have a material negative impact on the Company's revenue, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of CoreWeave, Inc. (NASDAQ: CRWV) should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc. 
Michael Daniels 
+1 (858) 779-1554 
[email protected] 
3111 Camino Del Rio North 
Suite 423 
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE Shareholders Foundation, Inc.

William Spencer Marshall, co-founder, CEO, and Chairperson of Planet Labs PBC (PL 0.04%), reported a sale of 200,000 shares on July 10, 2026. SEC Form 4 filing

Transaction summaryMetricValueTransaction value~$5.2 millionShares sold200,000Post-transaction shares (directly held)2,703,115Post-transaction value~$70.42 millionTransaction value based on SEC Form 4 weighted average sale price ($25.92); post-transaction value based on July 10, 2026 market close ($26.05).

Key questionsWhat defines the structure of this transaction?
This disposition was carried out under a Rule 10b5-1 trading plan adopted on July 12, 2025. Such plans are established to allow insiders to execute trades at predetermined times or price levels, providing a defense against potential claims of trading on non-public material information.How does the size of this sale compare to the insider's total position?
William Marshall sold 200,000 shares, a move that reduced his direct equity holdings by 7%. Following the sale, he retains a direct position of ~2,703,115 shares with a market value of ~$70.42 million as of the July 10, 2026 market close.Are there additional equity incentives in place for the CEO?
In addition to his direct holdings, Marshall holds derivative securities. These include restricted stock units (RSUs) that are scheduled to vest in equal quarterly installments through December, providing ongoing alignment with the company's equity performance.Company OverviewMetricValueShare Price (as of market close 2026-07-10)$26.05Market Capitalization$8.7 billionRevenue (TTM)$335.6 millionNet Income (TTM)-$373.1 millionCompany SnapshotPlanet Labs PBC designs, deploys, and operates extensive satellite constellations that deliver frequent, worldwide geospatial imagery and data through a proprietary cloud-native platform accessible to institutional and commercial customers.The company generates revenue through subscription-based access to its geospatial data platform, data licensing agreements, and value-added analytics services that leverage its proprietary imagery processing and temporal analysis capabilities.Planet Labs serves government agencies, defense contractors, agricultural enterprises, financial institutions, and environmental monitoring organizations that require high-frequency satellite imagery for decision-making and operational intelligence.Planet Labs PBC operates as a leading provider of frequent, global geospatial intelligence through its constellation of Earth observation satellites and cloud-native data platform. The company has demonstrated significant market momentum, with a one-year stock price appreciation of 294.7%, reflecting growing institutional demand for real-time satellite imagery and geospatial analytics.

Despite current net losses as the company scales operations, Planet Labs' recurring revenue model and expanding customer base position it as a critical infrastructure provider in the aerospace and defense sector.

What this transaction means for investorsCEO Will Marshall’s July 10 sale of 200,000 Planet Labs shares was a non-discretionary transaction, since it was part of a pre-arranged Rule 10b5-1 trading plan. This suggests investors should not be concerned by the disposition.

Moreover, Marshall retained over 2.7 million directly-held shares after the transaction, a sizable equity stake. About two million of those are RSUs that are not yet vested, meaning he will have to wait before these are eligible to be exercised.

Marshall’s sale came after shares had fallen substantially from a 52-week high of 51.76 reached on May 28. The stock rose as part of broader sector momentum experienced due to the highly anticipated June 12 IPO of Space Exploration Technologies Corporation, better known as SpaceX.

Planet Labs shares fell after the company announced a $1.5 billion at-the-market equity offering, which posed a dilution threat for existing shareholders. Planet Labs is experiencing strong sales growth, achieving record revenue of $94.2 million in its fiscal first quarter ended April 30, representing a 42% year-over-year increase.

Robert Izquierdo has positions in Planet Labs PBC. The Motley Fool has positions in and recommends Planet Labs PBC. The Motley Fool has a disclosure policy.

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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BBAI has pulled back sharply as investors weigh AI growth opportunities against slower revenue growth and ongoing profitability challenges.

14.7.2026 16:11, IBM, BAC, C, AAPL, JPM, GS, WFC

Index Dow Jones +0,22 % na 52613,05 b., S&P 500 +0,38 % na 7544,24 b., Nasdaq Composite +0,73 % na 26061,63 b.

Americké akciové indexy na začátku obchodování mírně rostou, index S&P 500 přidává 0,38 %.

Akcie IBM padají o 23 % poté, co technologická společnost představila předběžné výsledky za 2Q. Tržby ve druhém kvartále vzrostly meziročně pouze o 1 % na 17,2 mld. USD, zatímco analytici očekávali 17,86 mld. USD. Z jednotlivých segmentů rostl pouze software, a to o 5 %. Tržby z infrastruktury naopak klesly o 7 % a poradenská divize stagnovala (při konstantních měnových kurzech +1 %).

Akcie softwarových a IT/profesionálních služeb obecně klesají poté, co předběžné tržby IBM za druhé čtvrtletí nedosáhly konsenzuálního odhadu.

Dneškem naplno odstartovala výsledková sezóna v USA za 2Q, když své hospodářské výsledky zveřejnily velké banky, včetně JPMorgan, Bank of America, Citigroup, Goldman Sachs a Wells Fargo.

Akcie Apple klesají  o 1,1 % poté, co banka KeyBanc snížila doporučení pro akcie na underweight, přičemž očekává slabší poptávku po zařízeních a pomalejší růst výnosů ze služeb v USA.

Index S&P 500 +0,38 % na 7544,24 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Základní materiály +1,6 % Zdravotní péče -1,5 % Průmysl +1,1 % Nezbytná spotřeba -0,2 % Finanční sektor +0,8 % Zbytná spotřeba -0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Crowdstrike Holdings (CRWD) +7,9 % IBM (IBM) -23 % Lumentum Holdings (LITE) +7,6 % Biogen (BIIB) -7,6 % Sandisk Corp (SNDK) +6,6 % Workday (WDAY) -7,0 % Goldman Sachs Group (GS) +6,4 % ServiceNow (NOW) -6,3 % Monolithic Power Systems (MPWR) +6,0 % Stryker Corp (SYK) -5,4 % Zdroj: Bloomberg

Michal Šnobl
Fio banka, a.s.
Prohlášení

Founded by the team behind the Ethereum Foundation's Institutional Privacy Task Force, EthSystems is building privacy and compliance technology for Ethereum

Key backers include Bitmine, Sharplink and Joe Lubin

, /PRNewswire/ -- EthSystems, an engineering and research company (the "Company"), today announced its public launch with anchor funding from Bitmine Immersion Technologies, Inc. (NYSE: BMNR), Sharplink, Inc. (Nasdaq: SBET), Joe Lubin and other ecosystem supporters. The Company is building privacy technology that lets banks, asset managers and other regulated institutions execute financial transactions on Ethereum at scale, without exposing sensitive information like trade details or client identities.

EthSystems Launches to Build Privacy Solutions for Institutions on Ethereum EthSystems is founded by the team that built and ran the Ethereum Foundation's Institutional Privacy Task Force ("IPTF"). It launches with a year of open-source work already public at ethsystems.org, and with relationships built directly with central banks, regulators, tier-one banks and asset managers.

Banks, asset managers and market infrastructure providers are already exploring and deploying stablecoins, tokenized assets and settlement on Ethereum. But meaningful institutional adoption requires more than access to the network: institutions need complete systems that protect commercially sensitive information, satisfy regulatory and compliance requirements, and integrate with the infrastructure they already operate. EthSystems builds the technology that lets each party to a transaction see what it has a right to see, nothing more, without giving up the decentralization and security that are core to Ethereum.

EthSystems joins two other organizations recently spun out of the Ethereum Foundation, each with a distinct and complementary role. Ethlabs advances Ethereum's core protocol and infrastructure. Ethereum Institutional leads institutional engagement, education, market intelligence and ecosystem coordination. EthSystems operates at the applied technical layer; translating institutional requirements into the architectures, protocols and production systems that carry real financial activity on Ethereum.

EthSystems' founding team, Mo Jalil, Oskar Thorén and Aaryamann Challani, built and led the IPTF, working directly with central banks, regulators and top-tier financial institutions over the past year. Their backgrounds include the Ethereum Foundation, Goldman Sachs and Status, one of the earliest Ethereum mobile clients, where they helped build core privacy infrastructure now used across the Ethereum ecosystem. That mix of institutional and technical experience is why the founders believe they can help institutions build high-quality privacy solutions with real credibility.

Tom Lee, Chairman of Bitmine. "The institutionalization of Ethereum requires infrastructure that meets institutional standards for privacy and security. The next $100 trillion of assets won't migrate on-chain without it. EthSystems is building that missing layer with a team that understands how institutions evaluate and adopt new technologies. This is exactly the kind of foundational investment Bitmine is making to accelerate Ethereum's evolution as institutional financial infrastructure."

Joseph Chalom, Chief Executive Officer of Sharplink. "Our core thesis is that Ethereum's differentiated value compounds as more financial activity moves onto it. The full Ethereum opportunity can only be realized if institutions can use the network while preserving privacy. This team has rigorously validated these solutions with key institutions that require them. We believe EthSystems' work will accelerate the next phase of institutional adoption of Ethereum. By supporting the EthSystems team, we are directly advancing the privacy and confidentiality capabilities required for major financial institutions to operate on Ethereum — and doing so in a way that aligns with our mission to create long‑term value for our shareholders."

Joe Lubin, Ethereum co-founder and founder and Chief Executive Officer of Consensys. "Over the years, I've watched many teams offer institutions privacy technology that was sometimes just permissioned systems with extra steps. This team understands the difference deeply. They have a year of shipped work to show for it, and the discipline to publish the work as they go, so the rest of the ecosystem can build on it, instead of waiting for one company to hand down the answer. That's how the Ethereum ecosystem has always innovated. It is what Ethereum needs from the people building its institutional layer, and it's what this team has brought from day one. I and the Consensys Institutional group look forward to collaborating closely with the EthSystems team to bring best in class privacy and confidentiality constructs to the best in class systems we build with and for major financial institutions."

Mo Jalil, Co-founder and Chief Executive Officer of EthSystems

"Privacy is what preserves the dignity, safety and security of everyone on a network, from individuals to institutions. It is why Ethereum has won institutional capital and is on its way to win institutional commerce. No central bank, asset manager or government will run operations in full view of the world. For them, privacy isn't a feature. It is the requirement, and it is the difference between Ethereum holding billions today and running trillions tomorrow."

About Bitmine
Bitmine (NYSE: BMNR) is a Bitcoin miner with operations in the US. The company is deploying its excess capital to be the leading Ethereum Treasury company in the world, implementing an innovative digital asset strategy for institutional investors and public market participants. Guided by its philosophy of "the alchemy of 5%," the Company is committed to ETH as its primary treasury reserve asset, leveraging native protocol-level activities including staking and decentralized finance mechanisms. The Company launched MAVAN (Made-in America Validator Network), a dedicated staking infrastructure for Bitmine assets, in 2026.

About Sharplink
Sharplink (NASDAQ: SBET) is a leading institutional-grade Ethereum treasury platform designed to give public market investors smarter, more productive exposure to ETH. Ethereum underpins the majority of global stablecoin, tokenized real-world assets and decentralized finance settlement. Sharplink was founded in 2019 and is headquartered in Miami, Florida. Learn more at sharplink.com.

About EthSystems
EthSystems is an engineering and research company building confidential systems for institutional Ethereum. Founded by the team behind the Ethereum Foundation's Institutional Privacy Task Force, the Company has a year of shipped, open-source work spanning private transfers, private bonds, confidential settlement and privacy-preserving identity, available at ethsystems.org. EthSystems works directly with institutions, vendors and teams across the Ethereum ecosystem to take these systems into production, operating globally with deep roots in Asia-Pacific.

Forward-Looking Statement

This press release contains forward-looking statements regarding anticipated institutional interest in Ethereum, engagement pipelines, and business strategy. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Forward-looking statements speak only as of the date of this release, and EthSystems undertakes no obligation to update them except as required by law. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security or digital asset.

SOURCE Bitmine Immersion Technologies, Inc.; EthSystems

Wedbush is making a bold call on memory chip maker Sandisk NASDAQ: SNDK. The firm aggressively raised its targets for revenue, earnings, and stock price, citing pricing trends and a high likelihood that management had underestimated the strength.

Sandisk Today

$1,736.40 +62.43 (+3.73%)

As of 10:11 AM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$40.10▼

$2,354.39P/E Ratio60.33

Price Target$1,765.19

Wedbush hiked its revenue and earnings targets by quadruple-digit basis points, pushed both above consensus, and warned that even these aggressive moves may understate the company's strength.

Get Sandisk alerts:

As it stands, Wedbush sees revenue approaching $9 billion for the fiscal 4th quarter, earnings per share exceeding $37.50, and the strengths persisting into subsequent years.

The long-term forecast echoes one issued by SK hynix's NASDAQ: SKHY CEO, suggesting that memory chip market constraints will persist at least until 2028, as capacity ramps take time and demand is just that high.

As it stands, consensus forecasts suggest revenue of $8.33 billion and adjusted earnings per share of $34, representing more than 11,000% growth over the prior year.

Sandisk Stock Can Double in Price From HereSandisk Stock Forecast Today12-Month Stock Price Forecast:
$1,765.19
5.45% Upside

Moderate Buy
Based on 25 Analyst Ratings

Current Price$1,673.97High Forecast$3,250.00Average Forecast$1,765.19Low Forecast$235.00Sandisk Stock Forecast Details

Wedbush isn’t the only analyst doubling down on their Sandisk targets in early Q3. Analyst trends include increasing coverage, firming sentiment, a Moderate Buy consensus rating, an 84% Buy-side bias among 25 analysts tracked, and an uptrend in the consensus price target.

As aggressive as Wedbush’s 62% price target increase, its $2,000 forecast falls far short of the high-end range. Revisions in early July put this market in the $3,000 to $3,200 range, sufficient for nearly 100% upside from mid-July support targets. The likely outcome is that Sandisk’s upcoming earnings report will trigger another wave of upgrades and revisions, keeping the uptrend intact.

Institutional activity aligns with bullish analyst activity and the stock's price upswing. The group owns nearly 80% of the shares and has been buying at a rate of more than $2 per $1 over the trailing 12 months. While profit-taking was the highlight in Q2 2026, the group resumed accumulation in early Q3, underpinning market support in the $1,650 to $1,750 range. With this in play, investors can assume downside risk is limited ahead of the release. The risk is that the upcoming release will fall short of loftiest expectations, setting the stage for continued market consolidation.

The technical outlook is bullish. The SNDK market has been strengthening since the IPO, gained traction in late 2025, and has been in rally mode since. The story as of mid-July is that a near-term peak was reached and price correction ensued, setting up the pre-earnings opportunity. Signals, including MACD convergence, suggest the recent high will be at least retested and that higher highs are likely.

Why Is Sandisk Important to AI? Non-Volatile Memory StorageSandisk is important to AI because of memory. Its NAND Flash and solid-state drives provide permanent, non-volatile (not requiring power to retain data) memory storage critical to AI applications. While DRAM provides ultra-fast workspace directly connected to the processor, Sandisk products serve as the reservoir from which DRAM pulls the information it needs. Without it, there is no way to store the massive amounts of data being created, much less use it effectively. The takeaway is that Sandisk has transitioned from a legacy consumer brand that made flash drives to an AI-critical infrastructure provider with a custom suite of AI-enabling products.

Sandisk has three major catalysts this year that will mark milestones in its transition to AI infrastructure pure-play status. The first is the launch of high-bandwidth flash memory, intended to alleviate bottlenecks in data transfer within the data center. The first engineering samples are expected to ship later this year and are viewed as a validation achievement.

The second catalyst is locking in long-term contracts. Until now, memory was sold largely on a spot basis, but Sandisk is following industry suit, shifting to a more visible contract model—each design win equates to margin lock-in and reduced cyclicality, improving visibility for investors. The final catalyst is the upcoming release and guidance, expected to build on strengths revealed in the record-setting Q3 release.

Sandisk’s biggest risk is competition. The flash and NAND memory markets are highly competitive, with players like Samsung Electronics OTCMKTS: SSNLF commanding market share. The risk is that one of its competitors emerges with better technology, usurping the existing opportunity. The caveat is that demand dynamics suggest ample room for numerous players. Valuation is also a risk, with the stock trading at approximately 25x this year's earnings forecast, which reflects robust growth. Forecasts suggest the valuation falls as low as 8x as soon as next year.

Should You Invest $1,000 in Sandisk Right Now?Before you consider Sandisk, you'll want to hear this.

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NEW YORK, July 14, 2026 (GLOBE NEWSWIRE) -- December 30, 2022. May 19, 2023. May 22, 2026. Between these three dates, Futu Holdings Limited (NASDAQ: FUTU) allegedly concealed material regulatory risks from investors while reporting quarter after quarter of accelerating growth. Shareholders who purchased FUTU securities between May 24, 2023 and May 27, 2026 lost $34.10 per share when the truth emerged.

Find out if you may be eligible to recover losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.

FUTU shares fell 27.5% on May 22, 2026, closing at $89.76, after the CSRC proposed penalties totaling approximately USD 271 million. The window to apply for lead plaintiff closes on August 25, 2026.

December 30, 2022: The CSRC Public Warning

The China Securities Regulatory Commission publicly announced that Futu had conducted cross-border securities businesses with domestic investors in mainland China without regulatory consent. Futu was banned from opening new accounts for mainland Chinese investors and from soliciting new business from them.

May 19, 2023: Futubull App Removed from Chinese App Stores

Futu removed its Futubull trading application from app stores in mainland China. Reuters reported this action "would bar a large number of potential retail investors in mainland China from trading securities easily in markets such as the U.S. and Hong Kong." Despite this step, the lawsuit contends Futu continued conducting unlicensed business.

May 24, 2023 Through 2025: Quarterly Growth Reports Continue

The securities action alleges that throughout the Class Period, the Company issued quarterly earnings releases touting paying client growth of 15% to 41% year-over-year, rising client assets from HK$465.5 billion to HK$973.9 billion, and surging trading volumes. These results allegedly included revenue derived from the very unlicensed mainland China operations that the CSRC had flagged.

April 24, 2024: The Hedged Annual Report

Futu's FY2023 20-F acknowledged CSRC inquiries and stated the Company had "taken and may continue to take rectification measures." As claimed in the action, this language obscured the severity of ongoing non-compliance and framed penalties as speculative when the Company allegedly knew its operations remained unlicensed.

May 22, 2026: The RMB 1.85 Billion Penalty Revealed

Before market open, Reuters reported a multi-agency crackdown on brokers illegally moving money to foreign markets. Futu simultaneously disclosed receipt of a CSRC Notification Letter proposing confiscation of illegal gains and fines totaling RMB 1.85 billion (approximately USD 271 million), plus a personal fine for the CEO. FUTU stock dropped $34.10.

Timeline of Alleged Disclosure Failures

December 2022: CSRC publicly warned Futu about unlicensed cross-border operations, yet the complaint alleges subsequent financial reports continued to include revenue from those operations without adequate disclosureMay 2023: App removal signaled regulatory pressure, but quarterly releases through 2025 allegedly failed to quantify the financial exposure from prior unlicensed activityApril 2024, April 2025, and April 2026: Annual reports used conditional language ("may" and "could") to describe penalty risk that the complaint alleges was already materializingMay 22, 2026: The proposed penalty of RMB 1.85 billion confirmed that the Company's rectification measures had not satisfied the CSRCMay 28, 2026: Q1 2026 results revealed an additional $5.31 per share decline as the penalty's financial impact became quantified in Futu's income statements "Timely disclosure of material developments is fundamental to fair and efficient markets. The chronology here raises questions about whether investors received adequate notice of regulatory risks that were evolving over a period of years," stated Joseph E. Levi, Esq.

Click here to submit your information and learn more about the case or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the FUTU Lawsuit

Q: When did Futu Holdings allegedly mislead investors? A: The class period runs from May 24, 2023 to May 27, 2026. The complaint alleges that throughout this period, Futu made materially misleading statements about its regulatory compliance and financial results while continuing unlicensed business in mainland China.

Q: How much did FUTU stock drop? A: Shares fell approximately 27.5%, a decline of $34.10 per share, on May 22, 2026, after the Company disclosed the CSRC's proposed RMB 1.85 billion penalty. A further 4.8% decline occurred on May 28, 2026, when Q1 2026 results reflected the penalty's financial impact.

Q: What is the FUTU lead plaintiff deadline? A: The deadline to apply for lead plaintiff appointment is August 25, 2026. This deadline applies only to investors seeking to serve as lead plaintiff. Class members who do not apply may still participate in any recovery without taking action before this date.

Q: What do FUTU investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Contact SueWallSt, a brand of Levi & Korsinsky LLP, for a no-cost, no-obligation case evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible as an absent class member.

Q: What if I already sold my FUTU shares, can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.

Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: What if I missed the lead plaintiff deadline? A: The deadline applies only to investors seeking lead plaintiff appointment. Class members who miss it can still participate in any settlement or recovery.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (888) SueWallSt

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.        

Frontier Airlines and four other budget carriers with more than 1,000 planes between them will debut in-flight Wi-Fi early next year from SpaceX's Starlink, another win for the satellite internet provider.

Frontier's first Airbus plane equipped with Starlink internet will roll out in early 2027, the airline said Tuesday. CNBC reported in 2022 that Frontier was in talks with Starlink to add its first in-flight Wi-Fi service.

A Frontier spokeswoman declined to say whether flyers could use the service for free. Major airlines that have signed deals with Starlink have been offering Wi-Fi complimentary for loyalty program members.

Frontier was one of the last U.S. holdouts to add Wi-Fi. Former CEO Barry Biffle previously said the airline was hesitant to to add weight to its planes with the equipment it would need for the service.

Starlink, a part of Elon Musk's SpaceX, has signed deals with more than 40 carriers around the world, including United Airlines and American Airlines, as airlines ramp up their in-flight services and customers grow to expect at-home-quality internet in the sky. The airlines declined to disclose the terms of the agreements. SpaceX didn't immediately comment.

The carriers in the latest Starlink deal — Frontier, Mexico's Volaris, European budget carrier Wizz, Chile's Jetsmart, and the Philippines' Cebu Pacific — all share private equity firm Indigo Partners as an investor, which is led by serial airline investor Bill Franke.

Budget carriers have been under pressure to go upmarket as larger rivals post revenue growth from the front of the cabin, upending discounters' once-profitable model of no-frills seating and amenities. Frontier is planning to debut first-class seats next year.

Read more CNBC airline newsDelta launches ‘basic business’ fares without lounge access, seat selectionRecord heat, crowds drive offseason boom in international travelDelta expects higher airfare to last, bringing 2026 profit goal in reach'Bring 'em on': Delta wants United's crown over the Pacific, tooSpirit's collapse, high fuel prices test limits of summer vacation spendingMeet the pilots flying Spirit Airlines' yellow jets to the desert

Joel Shulman says SpaceX (SPCX) is his firm's top holding and believes the current post-sell-off price is a good buying opportunity. He makes the case that the Elon Musk-led company is a "20-year hold.

Toll Brothers (TOL - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this home builder have returned -0.4% over the past month versus the Zacks S&P 500 composite's +1.3% change. The Zacks Building Products - Home Builders industry, to which Toll Brothers belongs, has lost 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Toll Brothers is expected to post earnings of $2.90 per share, indicating a change of -22.3% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.5% over the last 30 days.

The consensus earnings estimate of $12.69 for the current fiscal year indicates a year-over-year change of -5.9%. This estimate has changed +0.1% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $14.13 indicates a change of +11.3% from what Toll Brothers is expected to report a year ago. Over the past month, the estimate has changed -0.3%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Toll Brothers.

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.

For Toll Brothers, the consensus sales estimate for the current quarter of $2.6 billion indicates a year-over-year change of -11.8%. For the current and next fiscal years, $10.7 billion and $11.12 billion estimates indicate -2.4% and +3.9% changes, respectively.

Last Reported Results and Surprise HistoryToll Brothers reported revenues of $2.53 billion in the last reported quarter, representing a year-over-year change of -7.6%. EPS of $2.72 for the same period compares with $3.5 a year ago.

Compared to the Zacks Consensus Estimate of $2.41 billion, the reported revenues represent a surprise of +5.07%. The EPS surprise was +5.43%.

Over the last four quarters, Toll Brothers surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Toll Brothers is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Toll Brothers. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

© SeanPavonePhoto / Getty Images

Apple (NASDAQ:AAPL | AAPL Price Prediction) closed at $317.31 on July 13, an all-time high, shortly after it filed one of the most aggressive lawsuits in its recent history. That contrast is the story most investors are ignoring right now.

What the Lawsuit Actually Alleges On July 13, 2026, Apple sued OpenAI, two former Apple employees (Tang Tan and Chang Liu), and OpenAI affiliate io Products, alleging systematic theft of hardware trade secrets to accelerate development of OpenAI’s first consumer hardware product. Apple claims the scheme reached “every level” of the recruiting process, with Tang Tan, a former Apple VP, now serving as chief hardware officer at OpenAI. OpenAI responded that it has “no interest in other companies’ secrets.”

The legal exposure extends further. Apple is simultaneously fighting Epic Games over App Store commission structure, with the Supreme Court reviewing a contempt finding, and a Safari privacy class action filed on June 24, 2026, alleging the browser fails to prevent fingerprinting despite its marketing claims.

Why Investors Are Shrugging The market’s reaction has been muted. Apple stock is up 50.3% over the past year and 16.7% year to date, and the company now carries a market cap of $4.7 trillion at a trailing P/E of 38.

Options positioning confirms the complacency. The full-chain put/call ratio stands at 0.53, with November 2026 expirations as low as 0.12. Prediction markets tell the same story: of 11 active AAPL markets on Polymarket, zero address litigation, regulatory fines, or antitrust outcomes. Reddit engagement on the lawsuit hit 1,817 upvotes on a single r/stocks thread, but sentiment scores stayed in the 39 to 53 range, neutral to mildly bearish rather than alarmed.

The Risk Investors Are Underpricing Apple’s own Q2 2026 earnings call flagged “legal and regulatory proceedings” as a material risk factor, though management declined to discuss specifics. That silence matters, given the fundamentals at stake. Services revenue hit an all-time record of $31 billion, up 16% year on year, at a 76.7% gross margin, and that margin structure depends on the App Store economics Epic is actively challenging. Insiders sold about $70 million in shares over the past three months, a discordant note against Citi’s $365 price target.

The OpenAI case introduces a novel exposure: hardware IP leakage to a competitor that is building its first consumer device. If discovery produces evidence of coordinated recruitment, damages calculations could scale with the market opportunity that Apple accuses OpenAI of accelerating. For a stock priced at 10.3 times sales, this is a tail risk investors are not currently pricing in.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Until Space Exploration Technologies (NASDAQ:SPCX) merges with Tesla (NASDAQ:TSLA | TSLA Price Prediction), Elon Musk fans are going to have a tough choice when it comes to which name is worth topping up at any given moment.

14.7.2026 15:40, JPM

Americká banka JPMorgan Chase reportovala výsledky hospodaření za 2Q 2026. Bankovní dům překonal očekávání trhu na úrovni očištěných výnosů, když silné výsledky zaznamenalo především obchodování s akciemi a investiční bankovnictví. Čisté úrokové výnosy byly v souladu s odhady analytiků, zatímco neúrokové náklady byly vyšší, než se očekávalo.

Výsledky společnosti JPMorgan Chase (JPM) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Očištěné výnosy (mld. USD) 58,02 51,39 45,68 Čistý zisk (mld. USD) 21,16 -- 14,99 Očištěný zisk na akcii (EPS, USD/akcie) 7,70 -- 5,24 Výsledky Očištěné výnosy meziročně vzrostly o 27 % na 58,02 mld. USD, přičemž analytici z Wall Street očekávali 51,39 mld. USD. 

Retailové bankovnictví vyneslo společnosti za uplynulý kvartál 20,27 mld. USD s 8% meziročním růstem. Čistý zisk se v tomto segmentu meziročně zvýšil o 3 % na 5,3 mld. USD. Segment korporátního a investičního bankovnictví zaznamenal meziroční růst výnosů o 27 % na 24,85 mld. USD a 46% růst čistého zisku na 9,68 mld. USD. Správa majetku vygenerovala na úrovni výnosů meziročně o 19 % více, a to 6,85 mld. USD. Čistý zisk ze správy majetku činil 1,96 mld. USD (+33 % meziročně).

Čisté úrokové výnosy dosáhl 25,62 mld. USD. Meziročně vzrostly o 10 %. Očekávalo se 25,64 mld. USD.

Výnosy z obchodování dluhopisů, měn a komodit (FICC) vzrostly meziročně o 6 % na 6,05 mld. USD při konsensu trhu 6,29 mld. USD. Výnosy z obchodování s akciemi činily 6,03 mld. USD (+86 % meziročně) a výrazně překonaly očekávání analytiků ve výši 3,98 mld. USD.

Výnosy investičního bankovnictví zaznamenaly meziroční růst o 45 % na 3,90 mld. USD, zatímco analytici očekávali 3,06 mld. USD. Poradenská oblast zaznamenala meziroční růst výnosů o 20 % na 1,01 mld. USD při odhadu 1,07 mld. USD. Výnosy ze zprostředkování emisí akcií meziročně vzrostly o 78 % na 829 mil. USD při tržním konsensu 621,3 mil. USD. Výnosy ze zprostředkování emisí dluhopisů meziročně vzrostly o 30 % na 1,44 mld. USD, přičemž se očekávalo 1,17 mld. USD.

Úvěry meziročně vzrostly o 10 % na 1,54 bil. USD, odhad analytiků činil 1,52 bil. USD.

Celkové vklady se meziročně zvýšily o 7 % na 2,71 bil. USD při očekávání 2,69 bil. USD.

Náklady na riziko dosáhly 2,52 mld. USD, přičemž čisté odpisy pohledávek činily 2,37 mld. USD a čistá tvorba rezerv byla 149 mil. USD

Mzdové náklady meziročně vzrostly o 11 % na 15,16 mld. USD, analytici očekávali 14,87 mld. USD.

Neúrokové náklady zaznamenaly meziroční nárůst o 15 % na 27,32 mld. USD, zatímco trh očekával činil 26,38 mld. USD.

Standardizovaná kapitálová přiměřenost (CET1) byla 14,1 %.

Rentabilita vlastního kapitálu (ROE) dosáhla 24 %, odhad byl 18 %. Rentabilita hmotného vlastního kapitálu (ROTE) činila 29 %, konsensus byl 21,2 %.

Aktiva pod správou (AUM) se vyšplhala na 5,1 bil. USD, což představuje meziroční nárůst o 18 %. Trh očekával 5,04 bil. USD.

Výhled Banka aktualizovala celoroční výhled a aktuálně očekává:

Čistý úrokový výnos ve výši přibližně 105,5 mld. USD, dříve očekávala 103 mld. USD. Trhem predikovaná úroveň činila 103,5 mld. USD. Čistý úrokový výnos bez započtení trhů výši přibližně 96,5 mld. USD, předchozí výhled činil 95 mld. USD. Očištěné náklady ve výši přibližně 107,5 mld. USD, předchozí výhled činil 105 mld. USD. Komentář Jamieho Dimona „Společnost v uplynulém čtvrtletí reportovala velmi silné výsledky, když vygenerovala čistý zisk ve výši 16,9 mld. USD a rentabilitu hmotného vlastního kapitálu (ROTCE) na úrovni 23 %, bez započtení zisků souvisejících s Visa a některými akciovými investicemi. Tyto výsledky byly výsledkem mimořádně příznivého prostředí s vyšší úrovní tržní aktivity, stejně jako důsledné exekuce, let konzistentních investic a promyšlené alokace kapitálu,“ uvedl Jamie Dimon, generální ředitel JPMorgan.

Jamie Dimon dále okomentoval výkonnost jednotlivých segmentů: „Výkonnost byla silná napříč celou společností a výnosy v každé obchodní linii dosáhly nového rekordu. V segmentu komerčního a investičního bankovnictví výnosy vzrostly o 27 % a překonaly naše očekávání, přičemž výnosy divize trhů vzrostly o 35 % díky zvýšené klientské aktivitě, silné obchodní výkonnosti a pokračující poptávce po financování v oblasti akcií. Aktivita v investičním bankovnictví rovněž zrychlila, když poplatky z investičního bankovnictví vzrostly o 30 % na nejvyšší úroveň od roku 2021. [...] V segmentu správy aktiv a majetku výnosy vzrostly o 19 % a čisté dlouhodobé přílivy do aktiv pod správou dosáhly 50 mld. USD, což pomohlo zvýšit aktiva pod správou na více než 5 bil. USD.“

Dimon také tradičně okomentoval stav ekonomiky: „Americká ekonomika letos prokázala výraznou odolnost díky silnějším podnikovým investicím a náboru zaměstnanců. Tuto sílu podporuje několik příznivých faktorů, včetně kapitálových investic tažených umělou inteligencí, fiskálních stimulů a přínosů efektivnější regulace. Pod povrchem se však přesouvá několik rizik podobně jako tektonické desky, včetně geopolitického napětí a válek, přetrvávající inflace, velkých globálních fiskálních deficitů a zvýšených cen aktiv. Nemůžeme předvídat, jak se tyto síly nakonec projeví. Jejich dopady mohou zůstat pod kontrolou, při posunu či střetu však mohou způsobit významné narušení. Tato rizika pečlivě sledujeme a připravujeme společnost na širokou škálu scénářů, abychom zajistili, že budeme schopni konzistentně obsluhovat naše zákazníky a klienty ve všech prostředích.“

Pohled analytiků Analytik Evercore ISI Glenn Schorr uvedl, že JPMorgan zaznamenala výrazné překonání na úrovni výnosů, přestože očekávání byla již před výsledky vysoko. Mírně za odhady podle něj zaostal čistý úrokový výnos a výnosy z obchodování dluhopisů, měn a komodit (FICC). Pozitivně naopak hodnotil silný růst jádrových výnosů a rentabilitu hmotného vlastního kapitálu.

Analytici Bloomberg Intelligence Herman Chan a Ravi Chelluri uvedli, že vyšší výhled nákladů částečně zastínil silné překonání očekávání. Za světlý bod výsledků označili investiční bankovnictví, zatímco obchodování s fixně úročenými instrumenty bylo mírně slabší.

Analytik Oppenheimer Chris Kotowski uvedl, že výsledky působily celkově příznivě, přičemž obchodování s akciemi bylo mimořádně silné. Pozitivně hodnotil také efektivitu hospodaření a stabilní úvěrové metriky.

Vývoj akcie

JPMorgan Chase (JPM) posilují o 1,3 % na 338,97 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 908,7 P/E 14,6 Vývoj za letošní rok (%) +5,2 Očekávané P/E 14,8 52týdenní minimum (USD) 279,1 Prům. cílová cena (USD) 352,6 52týdenní maximum (USD) 343,4 Dividendový výnos (%) 1,8 Zdroj: JPMorgan, Bloomberg

Marek Krejčiřík, Fio banka, a.s.

A specially designed Google logo, during the opening of Google's new Artificial Intelligence (AI) centre in Berlin, Germany, March 5, 2026. REUTERS/Annegret Hilse/File Photo Purchase Licensing Rights, opens new tab

CompaniesBERLIN, July 14 (Reuters) - Germany's media regulator said on Tuesday that Google's AI Overviews and Perplexity AI are subject to the country's media laws, stepping ​up scrutiny of AI-generated content after a German court found Google liable ‌for inaccurate information produced by the feature.

The Commission for Licensing and Supervision, ZAK, which represents Germany's 14 state media authorities, said AI-generated news summaries and chatbot responses constitute content created by the providers ​themselves rather than merely displaying third-party material.

Jumpstart your morning with the latest legal news delivered straight to your inbox from The Daily Docket newsletter. Sign up here.

The ruling follows increased scrutiny of ​AI-generated search summaries in Germany and elsewhere in Europe.

In a separate case, a ⁠court in Munich held that Google could be directly liable for allegedly false statements ​generated by its AI Overview feature, finding that AI-produced summaries amounted to the company's ​own content rather than a mere display of third-party information, according to German newspaper publishers' association BDZV.

"AI search engines and chatbots are content providers, and we will consistently apply German media law to them ​from now on," ZAK Chairman Thorsten Schmiege said in a statement.

The regulator said the ​liability exemption under the European Union's Digital Services Act, which generally shields platforms from responsibility for ‌illegal user-generated ⁠content, did not apply in these cases.

According to the regulator, Google's AI Overviews are displayed prominently within search results, making traditional lists of links less visible and thereby unfairly disadvantaging third-party media content.

It also argued that chatbots such as Perplexity influence the discoverability of ​news content when they ​select and present ⁠sources, links or recommendations alongside AI-generated answers.

Such services could therefore qualify as media intermediaries and be subject to rules designed to safeguard ​media plurality.

Google said it planned to appeal the decision, which a ​spokesperson said "fails ⁠to recognise how people's preferences when searching for information and the information ecosystem are changing."

"Our AI-powered summaries enhance the search experience in Germany - they help users discover new content and ⁠ask ​follow-up questions," the spokesperson said.

Perplexity declined to comment on ​the decision but said it complies with the EU's privacy rules, or GDPR, and holds SOC 2 Type ​II security and privacy certification.

Reporting by Klaus Lauer, Writing by Friederike Heine, Editing by Louise Heavens

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

Microsoft shares are retreating from recent levels. Why is MSFT stock falling? The LayoffsReplacing OpenAI With Its Own ModelsAnalyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price target of $552.96. Recent analyst moves include:

Argus Research: Buy (Lowers Target to $510.00) (July 10) BMO Capital: Outperform (Raises Target to $515.00) (July 7) Wolfe Research: Outperform (Lowers Target to $525.00) (July 6) Looking Ahead to EarningsMicrosoft is expected to report fourth-quarter earnings on July 29. Analysts estimate earnings per share of 4.23, along with revenue of $87.61 billion.

Microsoft Shares Edge LowerMSFT Price Action: At the time of publication, Microsoft shares are trading 3.07% lower at $379.00, according to data from Benzinga Pro.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Access to AMD Developer Cloud credits, AI development tools and technical resources to support next-generation enterprise AI agents July 14, 2026 08:55 ET  | Source: Silo Pharma, Inc.

SARASOTA, FLA., July 14, 2026 (GLOBE NEWSWIRE) -- Silo Pharma (Nasdaq: SILO) (“Silo” or “the Company”), a diversified developmental-stage biopharmaceutical company with a therapeutic focus on addressing underserved conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system (CNS) diseases, today announced that its wholly owned subsidiary, QwikAgents, has been accepted into Advanced Micro Devices’ AMD AI Developer Program. Participation in the program provides access to AMD Developer Cloud credits, advanced AI development tools, training resources, and a global developer community designed to support and accelerate artificial intelligence innovation.

“Joining the AMD AI Developer Program represents what we believe is an important step in advancing our QwikAgents platform,” said Eric Weisblum, Chief Executive Officer of Silo Pharma. “Access to AMD's AI development resources and cloud infrastructure can help accelerate our ability to develop, test, optimize, train and deploy AI agents across a wide range of use cases. We believe this collaboration and these resources should support QwikAgents’ mission to make powerful, persistent AI agents available not only to enterprises, but also to individual users , developers, and small businesses seeking affordable AI agent tools that are quick to deploy and designed with practical controls to support safer, more manageable use.”

QwikAgents is developing a next-generation AI agent platform designed to make dedicated, persistent AI agents accessible to individuals, developers, small businesses and enterprises. The platform is being designed to enable users to deploy blank and, soon, purpose-built agents for research, content generation, scheduling, coding, browser automation and workflow automation, with starter plans beginning at $14 per month and scalable infrastructure options for more advanced workloads. QwikAgents is also designed to combine persistent memory, dedicated agent infrastructure, smart model routing, and encrypted backups with a simple deployment process for users seeking configurable AI agents across personal, developer, and business workflows.

QwikAgents expects participation in the AMD AI Developer Program to support ongoing development, hosting, testing, optimization, benchmarking and potential training of AI agent workloads as the platform expands its capabilities across both consumer and business use cases. By leveraging access to AMD’s developer resources, QwikAgents aims to enhance platform performance, improve agent reliability and support scalable deployment of autonomous AI agents capable of reasoning, executing tasks and completing workflows with minimal human intervention.

About Silo Pharma, Inc.
Silo Pharma is a diversified developmental-stage biopharmaceutical company with a therapeutic focus on addressing underserved conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system (CNS) diseases. The Company’s portfolio includes innovative programs such as SPC-15 for post-traumatic stress disorder (PTSD), SP-26 for fibromyalgia and chronic pain, and a preclinical asset targeting Alzheimer’s disease. Silo’s research is conducted in collaboration with leading universities and laboratories. silopharma.com

About QwikAgents
QwikAgents, a wholly owned subsidiary of Silo Pharma, is an AI-agent platform designed to provide managed, purpose-built AI agents for individuals, developers, small businesses and enterprises. The platform supports use cases including research, content generation, scheduling, coding, browser automation and workflow automation. QwikAgents combines persistent memory, intelligent model routing, encrypted backups, dedicated compute resources and browser automation to support scalable AI-driven operations. qwikagents.com

Forward Looking Statements
This news release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified using words “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, and similar expressions that are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including statements about changes to anticipated sources of revenues, future economic and competitive conditions, difficulties in developing the Company’s technology platforms, retaining and expanding the Company’s customer base, fluctuations in consumer spending on the Company’s products and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company disclaims any obligations to publicly update or release any revisions to the forward-looking information contained in this press release, whether as a result of new information, future events, or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events except as required by law.

Contact
(800) 705-0120
[email protected]

SummaryCompaniesInvestment banking revenue jumped 44% to $1.55 billion in the quarterEquities trading revenue rose 45%, while fixed-income trading increased 7%Citi posts decade-high quarterly revenue of $24.8 billion, up 14%July 14 (Reuters) - Citigroup (C.N), opens new tab beat Wall Street estimates for second-quarter profit after reporting its highest quarterly revenue in a decade on Tuesday, as the bank benefited from robust trading income in a ​volatile market and strong investment banking fees.

The U.S.-Iran war has rattled global markets and driven sharp moves in oil prices and other assets, leading investors to rejig ‌their portfolios and adjust risk exposure. Volatile markets typically help lift trading revenues at big banks.

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Lighter regulation under the Trump administration has bolstered confidence among executives to pursue acquisitions, while the scramble for AI-related assets has added momentum to dealmaking activity.

Global M&A volumes have already surpassed $3 trillion this year, with Citi advising on deals worth over $300 billion, per Dealogic data.

Citi secured a spot as one of the underwriters for SpaceX's record-breaking $75 billion IPO in the quarter, ​as well as advising large M&A deals such as the $44.8 billion combination of Unilever and McCormick's food businesses.

Its revenues from investment banking jumped 44% in the quarter to $1.55 billion. Total ​banking revenues rose 34% to $1.92 billion, despite a fall in corporate lending revenue.

MARKETS A BRIGHT SPOTTrading desks across Wall Street have been reaping bumper ⁠revenues from the volatility, which has also extended to a highly lucrative AI-trade that has seen stocks rallying this year.

A surge in oil prices from the U.S.-Iran war has reignited concerns that higher ​energy costs could complicate the inflation outlook, leading investors to recalibrate expectations for the Federal Reserve's interest-rate path.

Citi's revenue in equities and fixed-income markets jumped 45% and 7%, respectively, from a year earlier. ​Rates and currency trading rose 1%, while other fixed income revenue, which includes commodities, came in 25% higher.

The bank reports results alongside the largest U.S. lenders on Tuesday, whose earnings offer a window into the health of the economy. JPMorgan (JPM.N), opens new tab, Goldman Sachs (GS.N), opens new tab, Wells Fargo (WFC.N), opens new tab and Bank of America (BAC.N), opens new tab reported strong quarters with a jump in profit across the board.

OVERHAUL IN FOCUSThe earnings growth comes as the bank vies for stronger profitability in the years to ​come. CEO Jane Fraser has outlined higher targets as part of a sweeping overhaul she has led to slim down the bank through the sale of consumer businesses while cutting management layers and ​strengthening risk and control functions.

It posted a 45% jump in net income to $5.8 billion, or $3.15 per share. Analysts on average expected it to report a profit of $2.74 per share, according to data compiled by LSEG.

Return on tangible ‌common equity (ROTCE) ⁠for the quarter was 13%, on the high end of the 11% to 13% target the bank has set for 2027 and 2028.

Its revenue was $24.8 billion, up 14% from a year earlier, also above Wall Street expectations.

Citi's shares, which are up 20.6% so far this year, have outperformed its Wall Street peers, as its overhaul takes shape. The stock slipped 1.5% in premarket trading on Tuesday, alongside peers.

Citigroup shares outpace Wall Street peersROBUST INTEREST INCOMEThe U.S. consumer has remained remarkably resilient despite elevated borrowing costs, supported by a still-solid labor market and wage growth, though spending patterns have become increasingly divided as lower-income households face rising living ​costs.

Still-high interest rates have continued to support net ​interest income at major banks, boosting returns ⁠on loans and other interest-earning assets, while credit quality has remained stable. The cards division's revenue rose by 1% but net income was up 12% to $852 million.

Citi's overall net interest income, the difference between what it earns on loans and pays out on deposits, rose 13% in the quarter.

It passed ​an annual stress test conducted by the Federal Reserve last month, which seeks to gauge the ability of large U.S. banks to weather a ​hypothetical downturn, enabling Citi to ⁠join peers in hiking dividends.

SPOTLIGHT ON WEALTH MANAGEMENTCiti has been trying to grow its wealth management business to emulate Wall Street peers that lean on its steadier, fee-based revenue compared with the volatility of trading.

While Citi's wealth unit remains smaller than those of several rivals, CEO Fraser has repeatedly ruled out acquisitions to narrow the gap, saying the bank's strategy is centered on organic growth.

The unit raked in $3.18 billion in ⁠revenue in ​the quarter, 13% above a year earlier, thanks to a broad recovery in markets that has pushed up asset values. ​It posted a 14.4% ROTCE, still substantially lower than peers.

Bank executives are also awaiting a series of regulatory changes favored by the industry, including a proposed overhaul of risk-based capital requirements under the Basel framework.

The changes could free up billions ​of dollars in capital, giving lenders greater flexibility to boost shareholder payouts or invest in growth initiatives.

Reporting by Tatiana Bautzer and Utkarsh Shetti in Bengaluru; Editing by Devika Syamnath

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

Tatiana Bautzer is a U.S. banking correspondent at Reuters in New York. She previously covered banks in Brazil, breaking news on deals by major global corporations, initial public offerings and bankruptcies. She has also delved into corruption scandals at Brazilian conglomerates and business disputes between billionaires. Prior to joining Reuters in 2015, Bautzer worked for business magazines Exame and Istoe Dinheiro and newspapers Valor Economico and O Estado de S. Paulo. She previously served as international correspondent for Valor Economico in Washington, D.C., covering multilateral institutions and trade. Bautzer holds a B.A. in Journalism and an MBA from the University of Sao Paulo.

Nvidia CEO Jensen Huang has built the company into the dominant AI chip provider. (AFP via Getty Images)

Nvidia shareholders are anxiously waiting for mass shipments of the company’s next-generation Vera Rubin hardware. The wait could be extended a little while yet but that’s not an issue for the stock, according to KeyBanc analysts.

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© Shutterstock / Piotr Swat

Jim Cramer posted a market thesis on July 10, 2026 arguing that fresh equity supply from mega-caps like Oracle or Meta is the one variable holding NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) back from its next leg higher. In his framing, large new share offerings absorb liquidity that would otherwise chase AI leadership, while “a lack of supply resuscitates it”.

The post drew 20,454 impressions, 63 likes, and 27 replies within 30 minutes, a sign retail traders are already positioning around the same question.

The Supply Mechanic Cramer Is Describing Equity supply is a real market mechanic. When a mega-cap floats billions in new stock, index funds and generalist portfolios have to make room, often by trimming winners. NVIDIA, the largest weight in most tech baskets, tends to be the release valve.

Cramer’s read is that with $850 billion in Q1 2026 data center leases committed by Meta, Microsoft, and Oracle and Oracle already bleeding negative $23.7 billion in free cash flow, capital markets desks have been bracing for issuance risk.

So far, the news feed shows heavy capex and workforce cuts (Oracle eliminated 21,000 jobs, roughly 13% of its workforce) rather than fresh secondaries. If that holds, the overhang Cramer identifies simply is not there.

NVDA: The Numbers Behind the Setup NVIDIA closed at $203.53 on July 13, down 3.52% on the day and off 4.2% over the past month, though still up 23.57% over the past year. Market cap sits near $4.93 trillion on a forward P/E of 24, which Cramer has repeatedly called mispriced given NVIDIA’s software moat.

The fundamental case is intact. Q1 FY2027 revenue landed at $81.61 billion, up 85.2% year over year, with data center revenue of $75.25 billion (+92% YoY) and data center networking of $14.8 billion (+199% YoY). Non-GAAP EPS came in at $1.87. Guidance for Q2 calls for $91 billion in revenue at a 75% gross margin.

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The Real Supply Signal Is Inside NVIDIA’s Filing The most concrete supply signal sits inside NVIDIA’s own books, on the balance sheet rather than the issuance calendar. Total supply-related commitments jumped to $119 billion, up from $95.2 billion at the end of Q4 FY26 and $45.8 billion at Q2 FY26. Multi-year cloud commitments climbed to $30 billion.

Management stated in its Q1 FY27 8-K that “NVIDIA has strategically secured inventory and capacity to meet demand beyond the next several quarters”. Jensen Huang framed the backdrop as “the largest infrastructure expansion in human history”. Capital return is scaling in parallel: a dividend hike to $0.25 quarterly and an additional $80 billion buyback authorization approved in May.

Wall Street is aligning with Cramer’s view. Morgan Stanley’s Joseph Moore initiated coverage on July 13 at Overweight with a $288 price target, implying 41% upside, calling NVDA “the best value in the group”.

What To Watch Next Cramer’s thesis puts the burden on the calendar. If Oracle, Meta, or another hyperscaler taps public equity markets in size before NVIDIA’s next earnings report, the overhang argument stays alive.

If issuance stays quiet while NVIDIA delivers on its $91 billion Q2 guide, the supply constraint flips from headwind to tailwind. Retail sentiment on Reddit already recovered to bullish scores of 68 to 72 by July 11 to 12, suggesting the audience is primed for exactly the setup Cramer described.

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Shares of Nvidia (NVDA +0.42%) have risen by an impressive 380% over the past three years, fueled by the artificial intelligence (AI)-driven demand for its data center chips. However, the stock has been in a rut lately, rising just 12% in 2026, as of this writing.

The surprising thing to note here is that Nvidia stock is struggling to break out despite sustaining impressive revenue and earnings growth, driven by its continued dominance in the lucrative AI accelerator market. However, the world's largest company by market cap can easily step on the gas once again.

In fact, Nvidia could witness a solid increase in its stock price by the end of the decade. Let's see why that may be the case.

Image source: The Motley Fool.

Nvidia's massive addressable market points toward solid long-term growth Nvidia's foundry partner TSMC recently noted that the global semiconductor market's revenue could reach a whopping $1.5 trillion in 2030. The Taiwan-based foundry giant had previously anticipated $1 trillion in semiconductor revenue by the end of the decade. However, AI-fueled demand for chips led to a substantial upgrade to its guidance.

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TSMC points out that AI and high-performance computing (HPC) chips will account for 55% of this lucrative opportunity. That puts Nvidia's addressable opportunity in the AI data center chip market at an impressive $825 billion. For comparison, Nvidia's data center revenue in fiscal 2026 (which ended in January this year) was $193.7 billion.

It is worth noting that $162.3 billion of its fiscal 2026 data center revenue came from sales of compute chips, while the rest was from networking components. So, there is still a lot of room for Nvidia to boost its data center chip revenue over the next five years, especially considering that it is the dominant player in this market with an estimated 80% share.

However, analysts believe that Nvidia's AI data center chip market share may have peaked. That's not surprising, as competitors Advanced Micro Devices and Broadcom have been making solid strides in this space. Additionally, Nvidia's customers, which include both hyperscalers and pure-play AI companies, have been designing in-house chips to lower operating costs.

That's why Nvidia's AI chip market share is anticipated to decline to 75% this year. Let's assume Nvidia continues to lose ground in AI chips for the next four years and ends up at just 50% market share in 2030; it can still generate more than $400 billion in data center chip revenue in 2030 (based on the $825 billion market size estimated above).

That's almost 2.5x the data center compute revenue it generated in fiscal 2026. At the same time, investors shouldn't forget that Nvidia's data center networking revenue is growing at a much faster pace than compute. The company reported a 142% year-over-year increase in networking revenue in fiscal 2026 to $31.4 billion. It has started fiscal 2027 on a stronger note in this segment, with networking revenue tripling year-over-year to $14.8 billion.

Nvidia sells networking hardware, such as Ethernet and InfiniBand switches, and also offers software platforms to help developers program and manage networks. What's worth noting is that demand for these networking switches is increasing rapidly due to AI and HPC. The InfiniBand market, for instance, is expected to clock 36% annual growth over the next five years, according to Mordor Intelligence. It could generate more than $164 billion in revenue in 2031.

Meanwhile, the data center switch market is projected to exceed $100 billion in revenue by 2030, according to Dell'Oro Group. Ethernet switches are expected to dominate this space. The pace at which Nvidia's networking revenue is growing suggests the company is capturing a larger share of this space, which could pave the way for significant growth in this business segment over the next five years.

In all, Nvidia's data center addressable opportunity, including both networking and compute, could surpass $1 trillion by the end of the decade. That's why there has been a significant jump in Nvidia's consensus revenue growth projections through fiscal 2029.

Data by YCharts

The company's earnings growth potential suggests it can become a multibagger Nvidia's impressive top-line growth is all set to filter down to the bottom line. Analysts are projecting an 88% spike in Nvidia's earnings in fiscal 2027 (ending in January 2027) to $8.97 per share. This will be followed by robust double-digit growth over the next two fiscal years.

Data by YCharts

Assuming Nvidia's bottom line grows by even 15% a year in fiscal years 2030 and 2031, its earnings per share could reach $21.24 by the end of the decade (as its fiscal 2031 will end in January 2031). If this AI stock trades at 27 times earnings at that time (in line with the tech-laden Nasdaq-100 index's forward earnings multiple), its stock price could reach $573. That's almost 2.8x Nvidia's current stock price.

As Nvidia trades at just 24 times forward earnings, investors are getting a solid deal on this growth stock, which they should consider grabbing, given the potential upside it could deliver through 2030.

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Alphabet (NASDAQ: GOOGL | GOOGL Price Prediction) and NVIDIA (NASDAQ: NVDA) just posted AI-heavy quarters from opposite ends of the silicon stack. Google leaned on its own TPUs, Gemini, and Cloud. NVIDIA rode Blackwell into hyperscaler data centers at a pace Jensen Huang called the fastest ramp in company history. Both are spending like the AI buildout is generational. Only one owns the customer end to end.

TPUs Carry Google. Blackwell Carries NVIDIA. Google’s Q1 FY2026 revenue hit $109.90 billion, up 21.79% YoY, with EPS of $5.11. Cloud jumped 63% to $20 billion, and backlog nearly doubled sequentially to $462 billion. Sundar Pichai credited the vertical stack: “The fact that we own frontier models and own the silicon really helps us stay ahead of the curve.” New 8th-gen TPUs claim 80% better performance per dollar on inference.

NVIDIA answered with Q1 FY2027 revenue of $81.61B, up 85.2% YoY, and non-GAAP gross margin of 75.0%. Data Center alone printed $75.25B, +92%, with networking surging 199%. Huang called it “the largest infrastructure expansion in human history.”

One Owns the Customer. One Sells the Shovels. Lens Google NVIDIA Core Bet Full stack: TPU + Gemini + Cloud Merchant GPU dominance Gross Margin 59.7% 75.0% non-GAAP Key Vulnerability CapEx pressure, FCF down 46.63% China loss, ~$50B TAM gone Google is now productizing its silicon. Pichai confirmed TPU sales “to a select group of customers in their own data centers.” That is a direct poke at NVIDIA’s installed base. Meanwhile, Alphabet’s seventh-gen Ironwood TPUs enable native FP8 training and inference, sidestepping what many observers call the NVIDIA tax. NVIDIA’s counter is ecosystem depth, CUDA, and Spectrum-X, which already annualizes over $8 billion and added Google Cloud as a customer.

The Next Test Is Whether TPUs Escape the Google Garden I’m watching Google’s 2027 CapEx guide, which Pichai said will “significantly increase compared to 2026,” and whether external TPU deployments start converting backlog into recognized Cloud revenue. For NVIDIA, the tell is Blackwell 300 yields and Vera Rubin bookings against $119B in supply commitments. Prediction markets already price NVDA into a tight range, with 72% probability clustered near $208.

Why I Lean Toward Google on Risk-Adjusted Terms Personally, I find Google more interesting at a P/E of 16 than NVIDIA at a $4.91T market cap. Google is up 103.78% over one year, yet still trades like a search utility while owning the silicon, the model, and the cloud. For a picks-and-shovels exposure with the fattest margins, NVIDIA offers the cleanest expression, and the $80B buyback is a real signal. For optionality on a company quietly disarming the NVIDIA tax, Google screens more interesting to me this quarter on a risk-adjusted basis. I would change my view fast if TPU hardware sales stall or if Blackwell demand accelerates beyond guide.

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New kid-friendly collection supports hands-on creativity, crafting and building for children ages four and up

, /PRNewswire/ -- Scotch™ Brand has launched Scotch® Kids Tape to help children create, craft and share their creativity.

Designed for kids ages four and up, Scotch® Kids Tape supports crafting, decorating and building projects for young creators. The new line encourages children to confidently apply their imagination and bring their biggest ideas to life with simple materials and without the mess of glue.

Scotch™ Brand has launched Scotch® Kids Tape to help children create, craft and share their creativity.

The new kid-friendly collection supports hands-on creativity, crafting and building for children ages four and up. "Kids are natural creators, builders and problem-solvers," said Amanda Dauphiniais, vice president, Global Product Strategy at 3M. "With the Scotch Kids collection, we're giving children tools designed for hands-on creativity while giving parents a trusted, less-mess solution for everyday projects."

Scotch® Kids Tape will help kids:

Dream it: Turn their creative ideas into real-world projects Make it: Build and craft with tools designed for little hands Tape it: Finish projects that stick without the mess of glue Share it: Add personal style and display creations with pride From cards and posters to creative builds and colorful decorations, Scotch Kids gives children their own tools for hands-on creativity away from digital screens. For more information about Scotch Kids, visit ScotchBrand.com/kids and view the collection launch video here.

About Scotch™ Brand

For more than 100 years, Scotch™ Brand has been leader in adhesive solutions, helping consumers tackle everyday tasks at home, school and work. As the #1 most trusted home and office tape brand*, Scotch™ Brand is designed for crafting and organization to packaging and repairs, with products designed to make life easier while empowering creativity and innovation. * based on Brand Health Survey

About 3M

3M (NYSE: MMM) is focused on transforming industries around the world by applying science and creating innovative, customer-focused solutions. Our multi-disciplinary team is working to solve tough customer problems by leveraging diverse technology platforms, differentiated capabilities, global footprint, and operational excellence. Discover how 3M is shaping the future at 3M.com/news.

SOURCE 3M Company

JPMorgan Chase reported its highest quarterly profit ever as the second-quarter equities haul climbed 86% from a year earlier to $6.03 billion. Gerard Cassidy, head of US bank strategy and large-cap bank analyst at RBC examines the results on “Bloomberg Surveillance.