Track market-moving stories before they get noisy

Moonwell, the decentralized lending protocol, has put forward a governance proposal to formally wind down its operations on the Moonbeam network before the chain shuts down entirely on July 31, 2026. The proposal, designated MIP-M45, is currently live for on-chain voting.

What MIP-M45 actually does The proposal lays out a structured plan to withdraw protocol reserves from several Moonbeam markets, including GLMR, xcDOT, USDC, FRAX, and ETH. Those funds would be transferred to a Foundation-designated wallet specifically aimed at settling any bad debts remaining in the system.

Beyond the reserve withdrawal, Moonwell plans to halt all new supply and borrowing activity on Moonbeam.

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Existing users still have positions open on Moonbeam, and the message from Moonwell is pretty clear. Close your positions and withdraw your funds before the deadline, or risk losing access to those assets entirely once the chain goes offline.

To nudge users toward the exit, collateral factors across Moonbeam markets will be reduced.

The bigger picture: Moonbeam’s shutdown and GLMR migration Moonbeam’s parachain operations are being fully sunset by July 31, 2026. As part of that process, the GLMR token is migrating at a 1:1 ratio to an ERC-20 token on the Base network. A new bridge is expected to remain operational through the end of the month to facilitate the transition.

This isn’t the first time Moonwell has gone through this exercise. The protocol fully deprecated its deployment on Moonriver back on January 29, 2026, after Chainlink pulled its oracle support from that network.

Governance for Moonwell was migrated from Moonbeam to Ethereum mainnet on May 21, 2026. Just eight days later, on May 29, new lending markets on Ethereum were proposed.

What this means for investors If you have any positions open on Moonwell’s Moonbeam deployment, the clock is ticking. Assets remaining on Moonbeam after the July shutdown may become permanently inaccessible.

For GLMR holders, the 1:1 token migration to Base needs to happen before the bridge closes. The bridge is only expected to remain operational through the end of July, which creates a tight timeline for anyone holding GLMR on the original chain.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Every Layer 2 chain built with Arbitrum’s technology that settles outside of Arbitrum One or Nova will now kick back 10% of its net protocol revenue to the Arbitrum ecosystem. That includes Robinhood Chain, which just launched its own Ethereum L2 using the Arbitrum tech stack.

The split works out to 8% flowing into the Arbitrum DAO treasury and 2% going to the Arbitrum Developer Guild.

How the Arbitrum Expansion Program works The revenue-sharing arrangement falls under what Offchain Labs calls the Arbitrum Expansion Program, or AEP. It applies specifically to chains that leverage Arbitrum’s tech stack but settle transactions on blockchains other than Arbitrum One or Nova.

The revenue subject to sharing comes from sequencer profits, the fees generated by the entity responsible for ordering and processing transactions on the chain. If a chain adopts Timeboost, Arbitrum’s mechanism for capturing maximal extractable value (MEV), those revenues could also fall under the sharing arrangement.

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Robinhood Chain’s early traction Robinhood Chain is the highest-profile chain operating under this model, and its early numbers suggest the revenue share could actually mean something. The chain processed 4 million transactions during its first week of mainnet operation.

Uniswap was among the partners integrated from day one, giving the chain immediate DeFi liquidity infrastructure. The chain launched its public testnet on February 10, 2026, before transitioning to a full public mainnet. Robinhood’s path to this moment involved an earlier phase where the company deployed tokenized US stocks and ETFs on Arbitrum One in 2025.

Offchain Labs, co-founded by Steven Goldfeder and Ed Felten, provided technical support for Robinhood Chain’s development. Goldfeder has emphasized the technology’s readiness for enterprise-grade applications.

The bigger picture for Arbitrum’s business model The 8% directed to the DAO treasury and the 2% allocated to the Developer Guild create direct incentives for the people actually building and maintaining the technology, tying compensation to ecosystem-wide revenue growth in a way that one-time grants do not.

What this means for investors For ARB token holders, the revenue-sharing model introduces a concrete value accrual mechanism tied to ecosystem growth. Every new chain that launches on the Arbitrum stack feeds revenue back into the DAO treasury that ARB holders govern.

The competitive landscape matters here too. Optimism’s Superchain model takes a similar approach with its OP Stack, collecting revenue from chains like Base (Coinbase’s L2). Arbitrum’s AEP is a direct response, ensuring that the proliferation of Arbitrum-based chains doesn’t become a value extraction problem where Offchain Labs benefits but the broader ecosystem doesn’t.

Robinhood’s evolution from deploying tokenized assets on Arbitrum One to launching its own dedicated chain sets a template that other fintech companies could follow, with Robinhood Chain’s 4-million-transaction first week as an early indicator of volumes flowing through these chains.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Modular and scalable test facility drives innovation for electric thrust reverser actuation systems

, /PRNewswire/ -- Collins Aerospace, an RTX (NYSE: RTX) business, announced today its Engineering Center of Excellence in Wolverhampton, U.K. is fully operational, advancing next-generation electric thrust reverser actuation systems (elecTRAS™). The CoE is home to a new state-of-the-art, modular and scalable test facility designed to facilitate innovation in aircraft actuation system design, testing and certification.

With a more streamlined solution, elecTRAS supports the elimination of actuation hydraulic interfaces and fluids and facilitates a 15-20% reduction of the nacelle actuation weight at the integrated aircraft system level. Wolverhampton's advanced testing capabilities simulate real-world conditions for aircraft components, actuators, subsystems, and full systems. By integrating early-stage test results into system analysis, potential issues are resolved quickly, reducing delays and enhancing distinctive design scalability for future applications.

"Our Engineering Center of Excellence reflects RTX's commitment to delivering innovative, efficient and cost-effective solutions for the aerospace industry," said Ajay Mahajan, president of Advanced Structures at Collins Aerospace. "This unique modular approach supports the industry's transition to more-electric systems, aligning with original equipment manufacturers' forward-looking goals while improving fuel efficiency, operational performance, and ease of maintenance." The Wolverhampton test capability spans from modules to integrated systems. This allows for scalability and interchangeability, reducing development time and cost while enabling the facility to support multiple programs and system variants.

Co-located elecTRAS systems and nacelle actuation design expertise streamlines development and fosters efficient collaboration. Highly skilled engineers at the facility are driving innovation in electric systems, smart algorithms, and motor control architecture, while continuing to support current fleets. Already in use on the Airbus A350 family, Collins' elecTRAS technology has logged more than 15 million flight hours and 2.2 million flight cycles on more than 700 aircraft as of 2025.

About Collins Aerospace

Collins Aerospace, an RTX business, provides advanced aerospace and defense solutions across avionics, aircraft interiors, aerostructures and engine components, mission systems, and power and control systems. Our global employees are dedicated to delivering innovative technologies to enhance aircraft performance, passenger comfort, operational safety and reliability.

About RTX

With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.

For questions or to schedule an interview, please contact [email protected].

SOURCE RTX

, /PRNewswire/ -- Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE), today announced that the ECA LNG Phase 1 project in Ensenada, Mexico, has safely and successfully loaded and shipped its first cargo of liquefied natural gas (LNG), an important milestone toward full commercial operations.

ECA First Cargo

"At a time of increased uncertainty in the global LNG trade, we are excited to begin shipping a new and reliable source of natural gas from North America's Pacific Coast to customers around the globe," said Justin Bird, chief executive officer of Sempra Infrastructure. "This achievement underscores the exceptional talent of the entire ECA LNG Phase 1 team and our company's steadfast commitment to safe and strong project execution."

"The start-up of ECA LNG, whose strategic location provides privileged access to Asian markets, strengthens the quality of our integrated LNG portfolio in North America. TotalEnergies is pleased to contribute to the project's ramp-up by exporting its first LNG cargoes," said Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies.

Once the facility begins commercial operations, ECA LNG Phase 1 will be the first LNG liquefaction facility on Mexico's Pacific Coast. Due to its strategic location, it creates a competitive advantage for shippers from the facility, who have the unique ability to export U.S. natural gas to Asia and other Pacific Basin markets through the shortest shipping route, thus reducing transportation times, costs and uncertainty while providing customers with greater access to competitively priced U.S. natural gas.

ECA LNG Phase 1 is a joint venture with TotalEnergies and consists of a single liquefaction train with nameplate capacity of 3.25 million tonnes per annum (Mtpa) of LNG. The project is supported by long-term sale and purchase agreements with TotalEnergies and Mitsui & Co.

The project is expected to reach substantial completion in the summer of 2026, with sales under long-term sale and purchase agreements commencing shortly thereafter, when the facility begins commercial operations. A second and significantly larger phase is also under active development at the same site.

The ECA LNG facility is a cornerstone of Sempra Infrastructure's dual-coast LNG portfolio. With projects along the U.S. Gulf Coast and Mexico's Pacific Coast, Sempra Infrastructure offers customers the flexibility and reliability needed to meet growing demand for competitively priced U.S. natural gas.

About Sempra Infrastructure

Sempra Infrastructure, headquartered in Houston, is focused on delivering energy for a better world by developing, building, operating and investing in modern energy infrastructure, such as LNG, energy networks and low-carbon solutions that are expected to play a crucial role in the energy systems of the future. Through the combined strength of its assets in North America, Sempra Infrastructure is connecting customers to safe and reliable energy and advancing energy security. Sempra Infrastructure is a subsidiary of Sempra (NYSE: SRE), a leading utility growth company. For more information, visit SempraInfrastructure.com or connect with Sempra Infrastructure on social media @SempraInfra.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

In this press release, forward-looking statements can be identified by words such as "believe," "expect," "intend," "anticipate," "contemplate," "plan," "estimate," "project," "forecast," "envision," "should," "could," "would," "will," "confident," "may," "can," "potential," "possible," "proposed," "in process," "construct," "develop," "opportunity," "preliminary," "pro forma," "strategic," "initiative," "target," "outlook," "optimistic," "poised," "positioned," "maintain," "continue," "progress," "advance," "goal," "aim," "commit," or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, audits, investigations, inquiries, regulations, legislative actions, denials or revocations of permits, consents, approvals or other authorizations, and other actions, including the failure to honor contracts and commitments, by the (i) Comisión Nacional de Energía, U.S. Department of Energy, U.S. Federal Energy Regulatory Commission, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S., Mexico and states, counties, cities and other jurisdictions therein and in other countries where we do business; the success of business development efforts, construction projects, acquisitions, divestitures and other significant transactions such as the planned sale of a portion of Sempra's equity interest in Sempra Infrastructure Partners, including risks related to, as applicable, (i) being able to reach a positive final investment decision, (ii) negotiating pricing and other terms in definitive contracts, (iii) completing construction projects or other transactions on schedule and budget, (iv) realizing anticipated benefits from any of these efforts if completed, (v) obtaining regulatory and other approvals and (vi) third parties honoring their contracts and commitments, including with respect to closing or post-closing payments; changes to our capital expenditure plans and their potential impact on growth; changes, due to evolving economic, political and other factors and increasing geopolitical instability as a result of wars or other conflicts in various parts of the world, to (i) trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries (and uncertainty related to the implementation and enforceability thereof), and (ii) laws and regulations, including those related to tax and the energy industry in the U.S. and Mexico; litigation, arbitration, property disputes and other proceedings; cybersecurity threats, including by nation-state actors, of ransomware or other attacks on our systems, the energy grid or our other infrastructure, or the systems of third parties with which we conduct business; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on our ability to pass through higher costs to customers due to volatility in inflation, interest rates, commodity prices, tariff rates, and foreign currency exchange rates; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas transportation capacity, including disruptions caused by failures in the pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.

These risks and uncertainties are further discussed in the reports that Sempra has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra's website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra Infrastructure Partners and its subsidiaries, and the Sempra Texas utilities (Oncor and Sharyland Utilities) are not the same companies as the Sempra California utilities, SDG&E or SoCalGas, nor are they regulated by the California Public Utilities Commission (CPUC).

SOURCE Sempra Infrastructure

Ford Motor (F - Free Report) ) has quietly become one of the more intriguing turnaround stories in the automotive sector.

Fresh off announcing a long-term strategic partnership with Micron Technology (MU - Free Report) ), Ford has joined its semiconductor partner on the coveted Zacks Rank #1 (Strong Buy) list, thanks to favorable earnings estimate revisions.

The combination of strengthening fundamentals, improving supply-chain security, and growing exposure to next-generation vehicle technology may warrant a closer look from investors.

Ford and Micron Strengthen Their PartnershipEarlier this week, Ford and Micron announced a Strategic Customer Agreement (SCA) designed to secure a long-term supply of automotive memory and storage solutions for Ford's next generation of connected and software-defined vehicles.

Under the agreement, Micron will expand production of key automotive memory products while continuing to invest in U.S.-based manufacturing capacity, including its Dynamic Random Access Memory (DRAM) facility in Virginia.

The agreement represents more than just another supplier relationship.

To that point, modern vehicles require much more memory than previous generations as advanced driver-assistance systems (ADAS), infotainment platforms, over-the-air software updates, and AI-powered computing continue to become standard features.

As vehicles increasingly resemble computers on wheels, dependable access to advanced memory chips becomes a competitive advantage.

Ford isn't the only Detroit automaker strengthening ties with Micron. General Motors (GM - Free Report) ), whose stock currently sports a Zacks Rank #2 (Buy), has also collaborated with the memory-chip maker to help secure advanced automotive memory and storage solutions for its next-generation vehicle platforms.

The parallel partnerships highlight how leading automakers are prioritizing resilient semiconductor supply chains as connected vehicles, ADAS, and software-defined architectures require increasingly sophisticated memory technology.

Ford CEO Jim Farley noted that producing the high-volume vehicles of the future requires a resilient domestic supply chain, while Micron CEO Sanjay Mehrotra emphasized that intelligent, data-intensive vehicles will continue driving demand for advanced memory and storage solutions.

Why the Partnership Really MattersThe automotive industry learned a costly lesson during the semiconductor shortages that followed the pandemic.

Production delays and factory shutdowns highlighted the risks of relying on fragmented global supply chains for critical components.

Ford's agreement with Micron seeks to reduce those risks by providing greater supply assurance for future vehicle programs while supporting domestic semiconductor manufacturing.

The partnership should also support Ford's broader transition toward software-defined vehicles, electric vehicles (EVs), and autonomous driving technologies, all of which require significantly greater computing power and memory content than traditional automobiles.

Although the agreement alone won't transform Ford's financial performance overnight, it reduces a key operational risk while positioning the company to better compete as automotive technology continues to evolve.

Ford's Earnings Outlook Is ImprovingPerhaps even more encouraging for investors is Ford's improving earnings outlook.

The stock has recently climbed to a Zacks Rank #1 (Strong Buy) as analysts have become increasingly optimistic about the auto giant’s earnings prospects.

Positive earnings estimate revisions often reflect growing confidence in improving profitability, stronger execution, or favorable business trends, making them one of the more powerful indicators followed by the Zacks Rank system.

Ford now joins Micron in obtaining a strong buy rating, indicating Wall Street has become increasingly constructive on both companies for very different reasons.

For Micron, optimism has centered on booming AI-driven memory demand. For Ford, improving earnings expectations appear to reflect stronger operating fundamentals and increased confidence in management's execution.

As shown below, Ford’s FY26 and FY27 EPS estimates have ticked higher over the last 60 days and have now spiked 31% and 28% from a year ago, respectively. 

The Micron partnership is reason to believe this reassuring trend could continue, especially as Ford’s supply chain and operational execution are likely to strengthen.

Image Source: Zacks Investment Research

Ford’s annual earnings are now expected to spike 50% this year and are projected to increase another 12% in FY27 to $1.83 per share.

Image Source: Zacks Investment Research

Ford Stock Still Offers Intriguing ValueDespite improving sentiment, Ford continues to trade at a relatively inexpensive valuation compared to the broader market.

Ford’s stock remains well below the earnings multiples typically assigned to many technology and growth companies, providing investors with a margin of safety should operating results continue improving, and the company’s outlook is indeed lifted by its Micron partnership.  

Ford also generates meaningful automotive cash flow while investing heavily in EVs, software, and manufacturing modernization.

If management can successfully balance those investments with continued profitability in its traditional truck and commercial vehicle businesses, the current valuation could prove attractive for long-term investors.

At $13 a share, Ford stock trades at 8X forward earnings and just 0.2X forward sales. This is notably beneath its Zacks Automotive-Domestic Industry averages of 18X (P/E) and 0.6X (P/S), respectively, while offering even sharper discounts to the benchmark S&P 500.

Image Source: Zacks Investment Research

While GM trades at a cheaper forward earnings multiple of 5X, Ford's 4% annual dividend yield could make its investment story, including its new partnership with Micron, more compelling for long-term investors. Ford's dividend yield also stands well above the S&P 500's average of roughly 1.03%, with GM’s at 0.95%.

Image Source: Zacks Investment Research

Bottom LineFord's new strategic partnership with Micron is another indication that the automaker is positioning itself for the next generation of intelligent, software-driven vehicles. More importantly, the agreement strengthens supply-chain resilience at a time when advanced semiconductors are becoming increasingly critical to automotive production.

While the Micron partnership alone isn't a reason to buy Ford stock, it complements an improving fundamental outlook. With Ford now joining Micron on the coveted Zacks Rank #1 (Strong Buy) list, supported by favorable earnings estimate revisions, investors looking for an attractively valued industrial turnaround may find that Ford deserves renewed attention.

In the latest close session, Kyndryl Holdings, Inc. (KD - Free Report) was down 3.39% at $11.97. The stock trailed the S&P 500, which registered a daily loss of 0.28%. On the other hand, the Dow registered a loss of 1.09%, and the technology-centric Nasdaq increased by 0.2%.

The company's shares have seen an increase of 7.46% over the last month, surpassing the Business Services sector's gain of 3.35% and the S&P 500's gain of 1.64%.

The investment community will be paying close attention to the earnings performance of Kyndryl Holdings, Inc. in its upcoming release. The company is slated to reveal its earnings on August 5, 2026. The company is expected to report EPS of $0.03, down 91.89% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $3.68 billion, indicating a 1.74% decrease compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.9 per share and a revenue of $14.76 billion, representing changes of +30.14% and -2.19%, respectively, from the prior year.

Any recent changes to analyst estimates for Kyndryl Holdings, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Kyndryl Holdings, Inc. is carrying a Zacks Rank of #5 (Strong Sell).

In terms of valuation, Kyndryl Holdings, Inc. is presently being traded at a Forward P/E ratio of 6.52. For comparison, its industry has an average Forward P/E of 17.29, which means Kyndryl Holdings, Inc. is trading at a discount to the group.

The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 110, finds itself in the top 45% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

For the quarter ended May 2026, Levi Strauss (LEVI - Free Report) reported revenue of $1.56 billion, up 8% over the same period last year. EPS came in at $0.28, compared to $0.22 in the year-ago quarter.

The reported revenue represents a surprise of +2.52% over the Zacks Consensus Estimate of $1.52 billion. With the consensus EPS estimate being $0.24, the EPS surprise was +16.67%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Levi Strauss performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Geographic Revenues- Americas: $815 million versus $785.03 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9% change.Geographic Revenues- Beyond Yoga: $43 million compared to the $39.46 million average estimate based on four analysts.Geographic Revenues- Asia: $284 million versus the four-analyst average estimate of $275.26 million. The reported number represents a year-over-year change of +10.1%.Geographic Revenues- Europe: $420 million compared to the $423.58 million average estimate based on four analysts. The reported number represents a change of +4.2% year over year.Total Levi?s Brands Net Revenues: $1.52 billion versus $1.48 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.View all Key Company Metrics for Levi Strauss here>>>

Shares of Levi Strauss have returned +4.6% over the past month versus the Zacks S&P 500 composite's +1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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Target is reorganizing its strategy team, a group that helps the company set priorities, Bloomberg reported Wednesday (July 8).

The move included the elimination of some roles on the team, the report said, citing an internal memo and saying the document’s contents were confirmed by Target.

The company aims to “better align resources, reduce duplication and strengthen talent deployment,” the memo said, per the report.

Target CEO Michael Fiddelke, who assumed that role on Feb. 1, said during a Feb. 4 company town hall event that he aims to improve the retailer’s merchandise, in-store experiences and technology.

The company had announced about six months earlier, in August, that Fiddelke would become its new CEO. Fiddelke had been with Target for 20 years and was most recently the company’s chief operating officer.

Christine Leahy, lead independent director of Target’s board, said in an August press release that Fiddelke “is the right leader to return Target to growth, refocus and accelerate the company’s strategy, and reestablish Target’s position as a leader in the highly dynamic and fast-moving retail environment.”

PYMNTS reported in March that Target’s fourth quarter marked an inflection point, as the firm made gains in eCommerce, same-day delivery expansion and stepped-up artificial intelligence personalization.

Fiddelke said in an earnings release that the company seeks to deliver “an elevated and differentiated shopping experience, advancing our use of technology.”

In March, Target said it plans to add 30 new stores this year and 300 by 2035 to support its growth priorities. The retailer also plans to remodel more than 130 stores this year.

The store openings and remodels are supported by Target’s $5 billion capital investment plan for 2026.

Later in March, Target said it was lowering prices on 3,000 items in another move to support the company’s long-term, sustainable growth.

The company said the price reductions would generally be between 5% and 20% and would span select items across apparel, home, shoes and “everyday essentials” such as baby items, household essentials and pantry staples.

When Target released first quarter earnings in May, it said its 6.7% uptick in net sales reversed several quarters of declines.

In the latest trading session, Shopify (SHOP - Free Report) closed at $119.22, marking a -2.18% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.28% for the day. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.

The cloud-based commerce company's shares have seen an increase of 10.38% over the last month, surpassing the Computer and Technology sector's loss of 1.22% and the S&P 500's gain of 1.64%.

Market participants will be closely following the financial results of Shopify in its upcoming release. The company is predicted to post an EPS of $0.39, indicating a 11.43% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $3.43 billion, showing a 28.03% escalation compared to the year-ago quarter.

Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.83 per share and revenue of $14.71 billion. These totals would mark changes of +56.41% and +27.26%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Shopify. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Shopify is carrying a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, Shopify is holding a Forward P/E ratio of 66.52. This expresses a premium compared to the average Forward P/E of 16.05 of its industry.

Meanwhile, SHOP's PEG ratio is currently 1.92. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Services was holding an average PEG ratio of 1.58 at yesterday's closing price.

The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 112, placing it within the top 46% of over 250 industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

First Solar (FSLR - Free Report) ended the recent trading session at $224.30, demonstrating a -1.5% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.28%. Elsewhere, the Dow saw a downswing of 1.09%, while the tech-heavy Nasdaq appreciated by 0.2%.

The stock of largest U.S. solar company has fallen by 13.15% in the past month, lagging the Oils-Energy sector's loss of 4.3% and the S&P 500's gain of 1.64%.

Analysts and investors alike will be keeping a close eye on the performance of First Solar in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.85, indicating a 10.38% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.06 billion, down 3.31% from the year-ago period.

For the full year, the Zacks Consensus Estimates are projecting earnings of $17.61 per share and revenue of $5.1 billion, which would represent changes of +23.93% and -2.21%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for First Solar. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. First Solar currently has a Zacks Rank of #3 (Hold).

Investors should also note First Solar's current valuation metrics, including its Forward P/E ratio of 12.93. For comparison, its industry has an average Forward P/E of 20.25, which means First Solar is trading at a discount to the group.

It's also important to note that FSLR currently trades at a PEG ratio of 0.5. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Solar was holding an average PEG ratio of 0.93 at yesterday's closing price.

The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 88, positioning it in the top 36% of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Honeywell logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

July 8 (Reuters) - Automation firm Honeywell Technologies (HON.O), opens new tab on Wednesday raised ​its second-half and full-year profit ‌targets for 2026 after completing a one-for-two reverse stock split.

The company, ​formerly Honeywell, proceeded with ​the split after spinning off and ⁠listing its aerospace arm, ​Honeywell Aerospace (HONA.O), opens new tab, late last month.

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Honeywell Technologies ​expects second-half adjusted earnings per share in the range of $4.40 to $4.70, ​compared with $2.20 to $2.35 earlier.

For the full ​year, it raised its adjusted EPS ‌target ⁠to $7.90 to $8.30, compared with an earlier forecast of $3.95 to $4.15.

Its second-half and full-year sales and ​segment margin ​targets ⁠remained unchanged.

Honeywell's three-way split into Honeywell Technologies, ​Solstice Advanced Materials (SOLS.O), opens new tab ​and ⁠Honeywell Aerospace was announced last year, amid pressure ⁠from ​activist investor Elliott ​Investment Management.

Reporting by Nandan Mandayam in ​Bengaluru; Editing by Jonathan Ananda

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

Booking Holdings (BKNG - Free Report) closed at $174.29 in the latest trading session, marking a -4.21% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.28%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.

Heading into today, shares of the online booking service had gained 10.95% over the past month, outpacing the Retail-Wholesale sector's gain of 0.18% and the S&P 500's gain of 1.64%.

Analysts and investors alike will be keeping a close eye on the performance of Booking Holdings in its upcoming earnings disclosure. The company's earnings report is set to go public on August 4, 2026. The company's upcoming EPS is projected at $2.47, signifying a 11.26% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.19 billion, showing a 5.74% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of $10.44 per share and revenue of $29.4 billion, which would represent changes of +14.47% and +9.23%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Booking Holdings. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, Booking Holdings possesses a Zacks Rank of #2 (Buy).

Looking at valuation, Booking Holdings is presently trading at a Forward P/E ratio of 17.43. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 17.43.

Also, we should mention that BKNG has a PEG ratio of 1.09. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 1.09.

The Internet - Commerce industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 181, placing it within the bottom 27% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow BKNG in the coming trading sessions, be sure to utilize Zacks.com.

Flutter's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesJuly 8 (Reuters) - Michael Burry, the investor famed for predicting and profiting from the 2008 U.S. housing market collapse, has bought shares ​of sports-betting platforms Flutter Entertainment (FLTRF.L), opens new tab and DraftKings (DKNG.O), opens new tab, wagering regulatory scrutiny ‌will eventually curb the threat posed by prediction markets.

Burry said on Wednesday he bought Flutter at about $107 a share and DraftKings "in the low $26s." Together, the investments ​make up a full-sized position weighted roughly 60/40 toward ​Flutter, though the investor said he may make each a full ⁠position in the future.

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Prediction markets are the main threat ​facing the two companies, Burry said in a post on his website, ​because their event contracts can be offered nationwide under Commodity Futures Trading Commission oversight while avoiding state gaming taxes.

Prediction markets let traders buy and ​sell contracts tied to the outcome of events, including sports, ​elections and economic data.

Burry said these platforms operate in a loophole alongside a ‌heavily ⁠regulated and taxed gambling industry. "I believe that the political climate will not tolerate this," he wrote, adding that he expects prediction markets to eventually be brought under regulation and taxation.

Shares of Flutter, ​down 50% this ​year as ⁠of last close, remain attractive because the company is a strong business with significant scale despite ​past capital misallocation, while DraftKings, whose shares are ​down 21%, is ⁠inflecting as an operating business, the investor said.

Meanwhile, Burry also said he bought more JD.com shares at $27.58, calling it one of his top ⁠three ​positions, and that he expects Hong Kong and ​Chinese stocks to benefit as AI and memory-chip enthusiasm unwinds in South Korea ​and Japan.

Reporting by Pragyan Kalita in Bengaluru; Editing by Jonathan Ananda

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

@worldlibertyfi's payments arm, AI Financial, is in talks to offload its core business to Tokyo-based blockchain firm Perpetuals.com for up to $15 million, according to the Wall Street Journal. The development marks a sharp reversal for a company that was once promoted as the foundation of an international payments network powered by World Liberty Financial's USD1 stablecoin.

From $750 Million to $15 Million The problems began after World Liberty acquired a controlling stake in AI Financial in August 2025 by paying with its own $WLFI cryptocurrency. AI Financial then raised an additional $750 million from outside investors to purchase more WLFI tokens, leaving the company heavily exposed to the Trump-backed digital asset.

Under the reported deal terms, Perpetuals.com would pay $5 million upfront in stock, with an additional $10 million contingent on future revenue targets, while also assuming certain liabilities tied to the payments unit. Perpetuals.com confirmed the discussions in a press release on July 7, saying it had signed a non-binding term sheet to explore the acquisition of Alt5 Sigma Canada Inc., with its Chief Strategy Officer noting the company is currently conducting due diligence and that no final decision has been made.

The unit generated roughly $25 million in revenue last year and is AI Financial's sole revenue-generating business. According to the Journal, no USD1 stablecoin transactions have ever been processed through AI Financial's payments platform.

Investors Burned, Trumps Profit $WLFI has slid roughly 70% since the deal was announced, and AI Financial's stock has cratered more than 90% from highs near $9.76, with shares now trading around $0.53. AI Financial posted a $271.5 million net loss for Q1 2026, driven by a $348.3 million unrealised loss on its WLFI holdings, and management has flagged substantial doubt about the company's ability to continue as a going concern within 12 months.

The Trump family is entitled to 75% of the proceeds from World Liberty's crypto token sales, putting their direct gains from the August transaction at roughly $500 million after fees and other expenses. Trump's crypto-related income for 2025 included about $515 million from the sale of tokens released by World Liberty Financial, and $65 million from sales of equity in the holding company.

As part of the broader arrangement, Perpetuals.com has also agreed to explore offering World Liberty Financial's USD1 stablecoin in Europe and to license its trading technology to AI Financial. Both World Liberty Financial and AI Financial declined to comment on the reported sale talks.

Sources:
International Business Times: Trump Family Pockets Half A Billion As Trump-Backed Crypto Firm Moves To Sell Only Revenue-Generating Business
CNBC: Trump family got about $500M from crypto venture as investors saw steep losses
The Crypto Times: Trump-Linked WLFI Treasury Firm to Sell Core Unit for $15M After Token Crash

The Solana launchpad says its app now routes "crosschain" trades into Robinhood-linked tokens with no bridging, a day after CEO Vlad Tenev called his company's new blockchain "great for memes too."

Pump.fun said Wednesday it added support for trading tokens tied to Robinhood's blockchain, a move that comes as a memecoin modeled on the brokerage's old mascot has posted quadruple-digit percentage gains on the week-old network.

"Robinhood tokens are now available to trade on the Pumpfun app!" the Solana-based launchpad wrote on X, citing "no bridging," trading "seamlessly in SOL," and the ability to "trade every trending Robinhood token."

Pump.fun co-founder Alon Cohen, who posts as @a1lon9, followed up 11 minutes later, framing the addition as an extension of the app's existing multichain trading tool rather than a standalone feature.

“It's only right that the leading app in trading edge supports everything that traders want to speculate on," he wrote. “The pump fun app is not just for pump fun coins; it covers all of your crosschain trading. trade Robinhood tokens now. 0% fees on Solana."

Existing Multichain ToolThe addition builds on a feature Pump.fun rolled out on May 26, when it began letting users trade Ethereum, Base and BNB Chain tokens from inside its app using a single Solana wallet. Under that system, Pump.fun sponsors gas fees and auto-generates wallets for each supported network, so users never need to hold a chain's native gas token or manually bridge assets to trade there.

Robinhood Chain, an Arbitrum-based Layer 2 that Robinhood took to public mainnet on July 1, is the newest network folded into that setup.

CASHCAT MemecoinThe token drawing the most attention on Robinhood Chain this week is CASHCAT, which references "Cash Cat," an early mascot from Robinhood's history as a stock-trading app. According to onchain data highlighted by the analytics account Lookonchain, the token climbed roughly 700% to 950% in 24 hours on July 8, pushing its market capitalization from the low millions into a range of $68 million to $100 million.

One trader, holding a wallet ending in 0xDE4C, turned an $838 purchase made about 20 days earlier into just over $1 million after selling most of the position, a roughly 1,253-fold return, Lookonchain said.

CASHCAT trades against Robinhood Chain's Uniswap V3 deployment, according to the same reporting. A reply beneath Pump.fun's own announcement post on X, from a user thanking the platform for letting them "trade cash cat last night," suggests some CASHCAT volume was already routing through Pump.fun before Wednesday's post.

Tenev's About-FaceRobinhood CEO Vlad Tenev added to the attention around Robinhood Chain's meme activity in a post on X late Tuesday: "While we're building robinhood chain to be the best chain for RWA … it works great for memes too."

The comment came less than a week after Tenev told CNBC on July 2, in an interview tied to Robinhood's mainnet launch, that memecoins were largely a dead end because assets without utility don't serve a lasting purpose, and that he saw tokenized real-world assets as the more durable direction for crypto.

Robinhood switched on the public mainnet of Robinhood Chain on July 1 during a London keynote called "Robinhood Presents: The World Is Flat." The company describes the network as a permissionless Layer 2 built for tokenized real-world assets, with day-one integrations from Uniswap, Chainlink, Alchemy and BitGo.

Alongside the mainnet, Robinhood launched Stock Tokens — tokenized debt securities issued by Robinhood Assets (Jersey) Limited that track the price of US equities and ETFs without conferring shareholder rights — inside the Robinhood Wallet in more than 120 countries. The product is not available to US persons.

RWA Chain, Meme PlaygroundData from DefiLlama shows the split between Robinhood Chain's stated purpose and its early usage. Total value locked on the network reached $107.8 million, up more than 160% in a single day, while the chain's stablecoin market cap stood at $246.8 million, most of it USDG. Active real-world-asset market cap on the chain — the category that includes Stock Tokens — was just $12.5 million by comparison.

Pump.fun itself continues to generate substantial revenue from its Solana-native business. The platform brought in $826,330 in revenue over the 24 hours before publication and has generated more than $1 billion cumulatively since launching, according to DefiLlama. Its PUMP token traded around $0.0014 on CoinGecko, down about 7.7% over the past week and roughly 84% below its September 2025 all-time high.

Ripple-backed t54.ai has announced the launch of the XRP Ledger (XRPL) in a bid to build an agentic economy on the network. This comes as the network surpasses 1 million agentic payments.

XRP Ledger AI Hub Goes Live As Network Records New Milestone In an X post, the Ripple-backed firm announced the launch of the XRPL AI Hub, providing a single destination for agents, AI projects, tools, and payment services building on the network. The firm noted that the goal is to make the XRPL AI ecosystem easier to discover, navigate, and build on.

“As more agents, merchants, and services come to XRPL, builders need one place to see what is live, what is possible, and where to contribute,” t54.ai said. The firm added that the hub starts with three core areas, including index, which involves live X402 payment activity on the XRP Ledger.

Furthermore, the hub includes docs, SDKs, repos, and developer resources. The third area is the directory, which includes AI projects, agents, services, and merchants building on the XRPL. t54.ai also revealed that they launched this initiative with support from Ripple developers and the XRPL Foundation.

This move comes just weeks after Ripple launched the XRP Ledger AI starter kit, enabling AI agents to pay with XRP and RLUSD on the network. The rollout back then notably enabled X402 payments, with XRPL now a supported chain in the X402 protocol.

XRPL Foundation Announces New Milestone In an X post, the XRP Ledger Foundation announced that the network has surpassed 1 million agentic payments via the x402 protocol. “Time to double down,” the Foundation added.

We just surpassed 1,000,000 agentic payments via x402 on the $XRP Ledger. Time to double down.

XRPL AI Hub is a comprehensive new ecosystem platform for builders, users, and enthusiasts.

Welcome to the agentic economy on the XRP Ledger.https://t.co/VeEwNmEPyp https://t.co/IfXDi2XOno pic.twitter.com/FGcEjj0BkB

— XRP Ledger Foundation (@XRPLF) July 8, 2026

The Foundation also welcomed the launch of the XRPL AI Hub, noting that it is a comprehensive new ecosystem platform for builders, users, and enthusiasts. XRPL validator Vet said that he wasn’t surprised at the milestone.

He opined that the XRPL Ledger is uniquely positioned with its protocol design that fits very well with what AI needs. “Low cost infra, predictable fees, a native asset XRP that’s listed everywhere and is liquid. and of course a native Decentralized Exchange that lets you swap between assets 24/7 with no censorship,” Vet added.

For more information about AI agents, please check out the Top Web3 AI Agents Directory

Crypto Asset Service Provider (CASP) license approval in Luxembourg completes Ripple’s Markets in Crypto-Assets Regulation (MiCA) requirements, making it fully compliant for cryptoasset services across the European Economic Area

Luxembourg — 6 July 2026 – Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced it has received authorisation of its Crypto Asset Service Provider (CASP) license from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). The authorisation follows the preliminary approval announced in June 2026 and confirms Ripple as fully MiCA-compliant, with its end-to-end regulated crypto payments product now available to financial institutions, corporates and businesses across all 30 countries of the European Economic Area.

“This CASP authorisation means Ripple enters the post-transitional MiCA era fully compliant and ready to scale,” said Cassie Craddock, Managing Director, UK & Europe at Ripple. “The institutions we work with across Europe are looking to build their digital assets services alongside regulated partners, and Ripple is licensed and ready to meet that demand.”

Alongside its EU EMI license, Ripple’s CASP approval makes it one of a small number of digital asset firms to have full authorisation under MiCA, adding to a global portfolio of more than 75 regulatory licenses.

About Ripple

Founded in 2012, Ripple is the leading provider of blockchain-based enterprise solutions across traditional and digital finance. Its solutions span global payments, custody, liquidity, and treasury management, serving as a one-stop shop for moving, storing, exchanging, and managing value. Ripple's stablecoin, RLUSD, and the cryptocurrency XRP underpinning these solutions allow Ripple and its customers to shape the modern financial system.

Media Enquiries

Celine Cheung

[email protected]

SharpLink (Nasdaq: SBET) pulled in 449 ETH in staking rewards for the week ending July 5, 2026. That brings the company’s total Ethereum stash to 887,174 ETH, a pile worth well over $2 billion at current prices and growing larger every single week.

Here’s the thing about SharpLink: it’s essentially turned itself into a publicly traded Ethereum staking machine. And unlike buying an ETH ETF, this one actually generates yield.

The numbers behind the staking engine Since launching its Ethereum-focused treasury strategy on June 2, 2025, SharpLink has accumulated 22,991 ETH purely from staking rewards. That’s ETH earned just by locking up existing holdings and validating transactions on the network.

The company stakes nearly 100% of its ETH through institutional partners Liquid Collective and Figment. A portion of the company’s assets has also been deployed to Linea, an Ethereum Layer 2 network, as part of a broader yield diversification strategy.

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The 449 ETH earned this week translates to roughly a 2.6% annualized yield on the total holdings, which tracks closely with typical Ethereum staking returns.

From gaming company to Ethereum treasury vehicle If you’re wondering how a company called “SharpLink Gaming” ended up holding nearly 900,000 ETH, the answer is a dramatic corporate pivot. The company rebranded in February 2026 to ditch the gaming association entirely and lean fully into its identity as an Ethereum treasury company.

The playbook should look familiar. It’s the same strategy MicroStrategy pioneered with Bitcoin, just applied to Ethereum with an added twist: staking yield. While MicroStrategy’s Bitcoin sits in cold storage generating zero passive income, SharpLink’s ETH actively earns rewards by participating in network validation.

That distinction matters. Traditional ETH exchange-traded products, including spot ETH ETFs, don’t offer staking rewards to holders due to regulatory constraints. SharpLink has positioned itself as the workaround: buy the stock, get exposure to ETH plus the yield that ETFs can’t touch.

The market has noticed. Institutional ownership climbed to 46% by late 2025. The Russell index inclusion in June 2026, when SharpLink was added to both the Russell 2000 and Russell 3000, likely accelerated that institutional buying as index funds were forced to pick up shares.

The discount problem investors should understand SharpLink shares have displayed significant volatility and frequently trade at a discount to the company’s net asset value calculated from its ETH holdings. In simple terms: if you add up all the ETH SharpLink owns and multiply by the current ETH price, the number you get is higher than what the stock market says the company is worth.

Because SharpLink’s value is almost entirely tied to ETH’s price, the stock amplifies Ethereum’s moves. When ETH drops 5%, SBET might drop 7% or 8% as the discount widens.

The 22,991 ETH in cumulative staking rewards since launch is real yield generated from a real on-chain activity. For investors weighing SBET against alternatives, the calculus comes down to whether the staking yield premium, roughly 2-3% annually, compensates for the risks of holding a small-cap equity instead of the underlying asset directly.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

ST. LOUIS, July 08, 2026 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) today announced it will release its financial results for the third quarter of fiscal year 2026 and its fiscal year 2026 outlook on August 4, 2026, at 7:00 a.m. ET. The release will be followed by a conference call at 8:30 a.m. ET to discuss the results and outlook. Michael C. Axelrod, announced today as the Company’s next President and Chief Executive Officer effective July 29, 2026, and Paul A. Rode, Chief Financial Officer, will participate in the call.

Interested parties may join the conference call by registering in advance at the following link: BellRing Q3 2026 Earnings Conference Call. Upon registration, participants will receive a dial-in number and a unique passcode to access the conference call. Interested parties are invited to listen to the webcast of the conference call, which can be accessed by visiting the Investor Relations section of BellRing’s website at www.bellring.com. A webcast replay also will be available for a limited period on BellRing’s website in the Investor Relations section.

About BellRing Brands, Inc.

BellRing Brands, Inc. (NYSE: BRBR) is a dynamic and fast-growing consumer brands business with the purpose of Changing Lives with Good Energy. Focused on growing the proactive wellness category, the company’s brands include Premier Protein, the #1 ready-to-drink protein and proactive wellness brand, and Dymatize, the brand behind the #1 hydrolyzed protein powder. A culture-driven, pure-play company, BellRing Brands believes nutrition is at the core of a healthy world and produces products with best-in-class nutritional profiles and exceptional flavors. Its products are distributed in over 90 countries across club, mass, food, eCommerce, specialty, drug and convenience. To learn more visit www.bellring.com.

Contact:
Investor Relations
Jennifer Meyer
[email protected]
(415) 814-9388

-

Well-Positioned to Continue Leading Innovation, Capturing Growth and Executing with Excellence.​

ARLINGTON, Va.--(BUSINESS WIRE)--AeroVironment, Inc. (“AV”) (NASDAQ: AVAV) today hosted its 2026 Investor Day during which AV’s leadership team outlined its growth strategy and introduced new fiscal year 2030 financial targets.

“At AV, we are driving the business forward as a stronger, more resilient company than ever,” said Wahid Nawabi, Chairman, President and Chief Executive Officer at AV. “We look forward to leading product innovation, scaling our capacity to capture demand across multiple domains, and continuing to execute with excellence for the remainder of the decade. Two years ago, we outlined an ambitious set of strategic objectives designed to accelerate growth and we’ve delivered on several of these initiatives, giving us momentum for the road ahead. We will leverage AV's proven business model to commercialize new technologies across a broader global and commercial customer base. The fiscal year 2030 financial targets we provided today underscore our confidence in our ability to create long-term value for our shareholders.” ​

AV introduced fiscal year 2030 financial targets and expects to achieve:

$3.5 - $4.0 billion in revenue, a 15% - 20% organic CAGR, driven by market expansion and leadership 7% - 9% investment in R&D to accelerate innovation and keep AV ahead of competition 18% - 20% adjusted EBITDA margins driven by operational excellence and sustainable profitability A webcast replay and presentation used in today’s event are available on the Investor Relations section of www.avinc.com.

ABOUT AEROVIRONMENT, INC.

AeroVironment (“AV”) (NASDAQ: AVAV) is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The company develops and deploys autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities—built to meet the mission needs of today’s warfighter and tomorrow’s conflicts. With a national manufacturing footprint and a deep innovation pipeline, AV delivers proven systems and future-defining capabilities with speed, scale, and operational relevance.

For more information visit: www.avinc.com.

SAFE HARBOR STATEMENT

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “will,” “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements.

Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the impact of our ability to successfully close and integrate acquisitions into our operations and avoid disruptions from acquisition transactions that will harm our business; the recording of goodwill and other intangible assets as part of acquisitions that are subject to potential impairments in the future and any realization of such impairments; any actual or threatened disruptions to our relationships with our distributors, suppliers, customers and employees, including shortages in components for our products, whether due to restrictions and sanctions imposed by foreign governments or otherwise; the ability to timely and sufficiently integrate international operations into our ongoing business and compliance programs; reliance on sales to the U.S. government, including uncertainties in classification, pricing or potentially burdensome imposed terms for certain types of government contracts; availability of U.S. government funding for defense procurement and R&D programs; our ability to win U.S. and international government R&D and procurement programs, including foreign military financing aid; changes in the timing and/or amount of government spending, including due to continuing resolutions and/or changing government priorities; adverse impacts of any U.S. government shutdown; our ability to realize the anticipated benefits of the BlueHalo transaction or other acquisitions; our ability to execute contracts for anticipated sales, perform under such contracts and other existing contracts and obtain new contracts; risks related to our international business, including compliance with export control laws; the extensive and increasing regulatory requirements governing our contracts with the U.S. government and international customers; the consequences to our financial position, business and reputation that could result from failing to comply with applicable law, regulatory requirements, and contractual obligations; unexpected technical and marketing difficulties inherent in major research and product development efforts; the impact of potential security and cyber threats or the risk of unauthorized access to and resulting misuse of our, our customers’ and/or our suppliers’ information and systems; failure to remain a market innovator, to create new market opportunities or to expand into new markets; our ability to increase production capacity to support anticipated growth; unexpected changes in significant operating expenses, including components and raw materials; failure to develop new products or integrate new technology into current products; any increase in litigation activity or unfavorable results in legal proceedings, including pending class actions, or litigation that may arise from or in conjunction with our recent acquisitions; our ability to respond and adapt to legal, regulatory and government budgetary changes; our ability to comply with the covenants in our loan documents, outstanding convertible notes or acquisition and merger agreements for acquisitions; our ability to attract and retain skilled employees, including retention of employees of acquired companies; the impact of inflation; and general economic and business conditions in the United States and elsewhere in the world; and the failure to establish and maintain effective internal control over financial reporting. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

More News From AeroVironment, Inc.

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Circle Gateway just posted its best week ever for USDC minting and transfers, pushing the service’s total lifetime volume past $4.5 billion. For a piece of infrastructure most retail users have never heard of, that’s a number worth paying attention to.

Gateway is Circle’s answer to one of crypto’s most persistent headaches: moving stablecoins between blockchains without the jankiness of traditional bridges. Instead of locking tokens on one chain and minting wrapped versions on another, Gateway uses a burn-and-mint mechanism. You burn USDC on the source chain, an attestation gets issued, and fresh USDC gets minted on the destination chain. No wrapped tokens, no pre-positioned liquidity pools.

How Gateway actually works The system operates across multiple blockchains, including Solana and EVM-compatible networks like Ethereum, Arbitrum, and others. Circle claims the process completes in under 500 milliseconds on supported chains.

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A key milestone came in January 2026, when Circle deployed a pre-mint address for USDC on Solana ahead of Gateway’s full mainnet launch on that network.

The introduction of programmatic minting features has also expanded who can interact with Gateway directly. Rather than requiring manual processes or custom integrations, institutional partners can now access minting operations through standardized APIs.

The bigger USDC picture USDC accounted for approximately 70% of adjusted stablecoin transaction volume during the first half of 2026.

Circle reported $21.5 trillion in on-chain USDC transaction volumes for Q1 2026 alone.

What this means for investors and the stablecoin market Circle went public earlier this year, making its financial health more transparent than any other major stablecoin issuer.

The risk side of the equation isn’t zero. Circle’s burn-and-mint model centralizes trust in Circle itself. If Circle’s attestation service goes down, cross-chain USDC transfers stop.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

The award-winning, world-first crypto debit-and-credit card arrives in Argentina alongside a leadership transition, positioning Buenos Aires as Nexo's regional hub for Latin America.

Buenos Aires, July 08, 2026 — Nexo, the premier digital assets wealth platform, today launched the Nexo Card in Argentina, timed with the appointment of Andres Ondarra as General Manager, Nexo Argentina. These two milestones mark the next stage of Nexo's growth in a market where digital asset adoption runs deeper than almost anywhere else  — the highest share of any market surveyed.

The Nexo Card lets clients spend digital assets directly in debit mode or borrow against them as collateral in credit mode, without selling — switching between the two in a single interface. New clients get 10% back on their first swipe, plus additional cashback and milestone rewards worth up to USD 450 in total over their first three months as they earn up to 13% annual interest on idle in-app balances, paid daily. Cardholders also get fee-free ATM withdrawals of up to USD 1,000 and fee-free foreign-currency spending of up to USD 2,000 each month, alongside a monthly rebate on a leading subscription service and annual airport lounge access with fast-track security. The card has been recognized by the Digital Banker Awards, the FinTech Breakthrough Awards, and the PAY360 Awards.

Powerful benefits, no matter how you spend.Spending in ARS and US$: Clients can pay in pesos at home with no currency conversion, or spend US$ at over 100 million merchants worldwide.Borrowing from 1.9% per year: Users can spend against their crypto with the only crypto credit card of its kind in Argentina.Interest on account balance: Nexo clients can receive up to 13% per year on the funds they haven't spent, paid out daily.No monthly, annual, or inactivity fees — plus a monthly allowance of up to US$1,000 in ATM withdrawals.Stay in control at all times: Various ways to manage your spending, balances, and rewards in-app, complete with card freezes, spending controls, and biometric locks.Beyond everyday spending: Clients can unlock airport lounge access, fast-track security, and rebates on subscriptions like Netflix and Spotify as your portfolio grows."Argentine clients have spent a decade making digital assets part of how they manage wealth. The Nexo Card is built precisely for that — letting them spend in debit mode, borrow against their holdings in credit mode, and earn from every transaction, all without having to sell. It's the freedom to live on that wealth, not just hold it," said Andres Ondarra, incoming General Manager, Nexo Argentina.

Ondarra brings more than 25 years of experience across traditional finance, fintech, and crypto in Latin America, including a background in Wall Street investment banking. From August 1, he will lead Nexo Argentina's operations, with a focus on client trust and the company's continued growth in the country.

He succeeds Federico Ogue, who oversaw Nexo's Argentine expansion and is transitioning to a new entrepreneurial venture. "Argentina has one of the most sophisticated crypto and fintech ecosystems in the region, and the work Nexo has done here is something to be proud of. I look forward to passing the baton to Andres, who brings exactly the experience and vision to lead Nexo's next stage of growth in Argentina," said Ogue.

Argentina processed approximately USD 93.9 billion in digital-asset transactions over three years, ranking second in Latin America behind Brazil. With capital already moved into digital assets, the Nexo Card addresses what comes next: everyday utility — spending, borrowing, and earning from those holdings without selling them.

With Buenos Aires now established as a regional hub, Nexo is investing in local infrastructure, sport partnerships — including the AFA — and a local team supporting clients across Latin America. Eligible clients in Argentina can apply for the Nexo Card through the Nexo app and website.

About Nexo

Nexo is a premier digital assets wealth platform designed to empower clients to grow, manage, and preserve their crypto holdings. Nexo’s mission is to lead the next generation of wealth creation by focusing on customer success and delivering tailored solutions that build enduring value, supported by 24/7 client care.

Since 2018, Nexo has provided unmatched opportunities to forward-thinking clients in over 199 jurisdictions. With over $7 billion in client assets and over $430 billion processed, we bring lasting value to millions worldwide. Nexo’s all-in-one platform combines advanced technology with a client-first approach, offering high-yield flexible and fixed-term savings, crypto-backed loans, sophisticated trading tools, and the world's first dual-mode crypto credit-and-debit card. Built on deep industry expertise, a sustainable business model, robust infrastructure, stringent security, and global licensing, Nexo champions innovation and long-lasting prosperity.

Official website: nexo.com

Media contact
Nexo Communications Team — [email protected] 

Levi Strauss beat Wall Street's quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend. 

The denim maker is now expecting full-year adjusted earnings per share to be between $1.46 and $1.52, up from a prior range of between $1.42 and $1.48. At the high end, that's ahead of expectations of $1.50 per share, according to LSEG. 

Levi also raised its top-line outlook and is now expecting full-year sales to rise between 7% and 7.5%, compared with a prior range of between 5.5% and 6.5%. That's ahead of expectations of 6.6%, according to LSEG. About half of that growth is expected to come from higher prices and the other half is expected to come from unit sales, said finance chief Harmit Singh. 

Here's how Levi did in its second fiscal quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

Earnings per share: 28 cents adjusted vs. 24 cents expectedRevenue: $1.56 billion vs. $1.52 billion expectedDespite the results, Levi's shares dropped more than 5% in extended trading.

The company's reported net income for the three-month period that ended May 31 was $87.3 million, or 22 cents per share, compared with $67 million, or 17 cents per share, a year earlier. 

Sales rose to $1.56 billion, up about 8% from $1.45 billion a year earlier.

In an interview with CNBC, CEO Michelle Gass said the company's core consumer is proving to be resilient — even in the face of higher gas prices. She said about two-thirds of the quarter's sales growth came from units — not just higher prices — giving the company the confidence to raise guidance and its dividend.

"Our demand remains healthy," Gass said. "We're seeing strength across our key segments of consumers, so we have our core Levi's, but we're also seeing strength in signature, as well as our new premium blue tab." 

Validator Economics Tightened Under Referenda 1909@Polkadot has activated two governance referenda that mark one of the most significant overhauls of its staking architecture in recent years. The proposals were first introduced on June 23 and approved on July 6, 2026.

Referendum 1909 builds on the previously approved 10,000 $DOT minimum self-stake requirement, adding self-stake rewards, 0% commission, and permissionless chilling for under-bonded validators. This addresses a potential security problem: if a critical number of validators do not have sufficient capital at stake, the security model weakens.

Under the updated reward structure, 22.6% of the Dynamic Allocation Program's budget will be earmarked for validator self-stake incentives, while 45.2% will go toward staker rewards, with a concave weighting model applied to prevent large validators from disproportionately dominating the reward pool.

The chill threshold has been lowered to 32%, enabling permissionless chilling of validators whose self-stake falls below the minimum bond, while a safety floor ensures the active validator set cannot be reduced below a safe minimum through this mechanism. Supporters argue this model better aligns validator interests with overall network health, though critics caution that smaller validators could struggle to remain competitive.

Nominator Liquidity Improves Sharply Under Referendum 1910Referendum 1910 removes nominator slashing and shortens the nominator unbonding period from roughly 28 days to about 48 hours, making staking considerably more flexible. Currently, nominators can face losses if they back validators that violate network rules. By eliminating nominator slashing, Polkadot aims to make staking more accessible and less risky for retail participants, while placing greater responsibility on validators to maintain network security.

Today, Polkadot's unbonding period sits at about 28 days, and official guides warn users they must wait nearly a month before withdrawn $DOT becomes transferable. The new design targets unbonding times of roughly 24 to 48 hours, pushing staking liquidity closer to what traders expect in modern DeFi.

The upgrades went live alongside a roughly 12% price increase in $DOT between July 1 and July 6, though on-chain activity remains thin, suggesting the market may be pricing in the improvements ahead of tangible usage growth.

Sources:
Polkadot SubSquare: Referenda 1909 Official Details
Coinpedia: Major Staking Upgrades Live on Polkadot
The Crypto Times: Polkadot Targets Faster Staking Exits

@Dfinity's Internet Computer protocol ($ICP) reached a new weekly activity peak on Tuesday after processing more than 98.3 million transactions in a single day, according to data tracked by @ChainspectApp. The figure marks a record for the network and adds to a string of throughput milestones logged by the protocol in 2026.

Sustained Throughput, Not Just a One-Day Spike The record daily figure sits within a broader pattern of rising on-chain activity. The Internet Computer network recently sustained over 1,089 transactions per second for a continuous 24-hour period, with peaks reaching 1,300 TPS, demonstrating an ability to maintain enterprise-grade throughput rather than achieve short-lived peaks. According to ChainSpect's real-time tracker, Internet Computer has averaged 2,554 transactions per second over a recent week, more than double Solana's 1,153.

Over the past 180 days, Internet Computer processed approximately 75.7 billion transactions, with daily counts rising from roughly 300 to 350 million at the start of that period to peaks approaching 750 to 800 million in May. Even after that spike, the network has consistently maintained daily activity well above earlier levels, indicating that usage remains elevated rather than being a one-off event.

Developer Migration Driving On-Chain Demand @ChainspectApp metrics confirm that $ICP is sustaining record-level throughput as developers migrate complex workloads to on-chain environments. The protocol's architecture is designed to accommodate that shift. Dfinity uses a subnet-based architecture to scale horizontally, enabling multiple subnets to process tasks in parallel, making its performance closer to that of distributed cloud services. Internet Computer uses a reverse gas model where developers pre-pay computation costs in cycles burned from ICP tokens.

Recent infrastructure upgrades have also expanded the network's capacity. The DFINITY Foundation rolled out a major upgrade that doubled storage capacity across all 47 subnets, allowing applications to handle larger workloads and bringing total Internet Computer capacity to 94 TiB, with each subnet now supporting 2 TiB of replicated state. GitHub commits saw growth of 37% month over month in Q4 2025 and Q1 2026 as developers gained confidence in the improved infrastructure.

The throughput record arrives alongside activity on the DeFi front. A public rollout of MULTI/DEX is currently underway, where participants use dummy assets to stress-test the protocol's architecture, replicating the speed and liquidity of centralized exchanges, with the outcome to be submitted to the Network Nervous System for a vote on permanent, autonomous execution. A successful launch would demonstrate that ownerless, on-chain DeFi can rival centralized exchange performance, potentially attracting significant liquidity and boosting the network's DeFi TVL, which has grown to over $250 million in 2026.

Sources
BanklessTimes: Internet Computer ICP Tests Key Resistance After 11% Move
CoinMarketCap: Latest Internet Computer News and Network Updates
Internet Computer Dashboard (Official Network Stats)