Do you need income you can reliably count on today, tomorrow, next year, and a decade from now? Not every dividend stock necessarily fits this bill.
Here's a closer look, however, at four names that do.
Image source: Getty Images.
1. McDonald's You know it as a fast-food restaurant chain. But that description isn't entirely accurate. McDonald's (MCD -0.13%) is mostly a real estate company. It just so happens that its tenants are the franchisees operating approximately 95% of the 45,699 McDonald's restaurants spread all over the world. Their rent payments account for roughly two-thirds of every dollar they pass along to the parent company, and nearly one-third of the company's total revenue. Royalties on franchisees' restaurants' sales make up most of the remainder of the companywide top line.
And that's no meaningless detail. These rent rates are market-based, meaning they rise as the economy grows and ordinary inflation raises the price of... well, everything. The cost of its owned real estate, however, doesn't change.
This has been a point of contention with its franchisees to be sure; other fast-food restaurant chains' franchisees typically own their own buildings. By and large, though, operators are willing to pay these ever-rising costs simply because the McDonald's brand is so well loved and so reliably marketable.
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More important to income investors, this business model has now allowed McDonald's to raise its per-share dividend payment for 49 consecutive years, leaving it just one year shy (and just a few months away) from becoming dividend royalty.
2. Oneok Oneok (OKE -0.09%) isn't a household name. There's a pretty good chance, however, that your household regularly depends on its service. Oneok owns and operates approximately 60,000 miles' worth of natural gas and crude oil pipelines -- mostly in the U.S. Midwest -- getting both from where they're extracted, refined, or processed to where they're eventually consumed.
It's an ideal business model for driving dividends, too, even within the always-volatile energy industry. Unlike integrated outfits Chevron or ExxonMobil, pipeline companies simply charge a flat fee for the amount of gas or oil that's pushed through their pipes; the price of that gas or oil has no bearing on profitability. The only thing Oneok needs is for the nation to continue consuming plenty of both -- which it is. The U.S. Energy Information Administration reports consumers are still burning both products as much as ever.
Oneok's history confirms it, too. Not only has this energy name been paying a quarterly dividend like clockwork for years, but it has also nearly doubled its per-share payment over the course of the past decade, in line with its annual dividend growth target of 3% to 4%.
3. Realty Income With nothing more than a passing glance, it would seem real estate investment trust Realty Income's (O +0.06%) brick-and-mortar retailing focus is a liability. The industry is suffering a so-called retail apocalypse.
Realty Income is largely sidestepping the headwind, though. With resilient tenants including Dollar General, Home Depot, Tractor Supply, and 7-Eleven, since 2013 this REIT has consistently maintained occupancy rates at or above 98%.
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That's not the only part of the thesis for owning a stake in Realty Income, though. The other part -- and arguably the more important part -- is that this REIT has not only paid a monthly (yes, monthly) dividend every month for the past 56 years, but has also raised this dividend payment every quarter for the past 28 years.
The kicker: Realty Income is easing its way into the artificial intelligence data center industry, announcing last month it had entered into a joint venture with Cloud Capital and an unnamed institutional investor to establish its first footprint in a business that Global Market Insights expects to grow at an average annual pace of 12.1% through 2035.
Newcomers will be plugging into this ticker while its forward-looking yield stands at 5%.
4. Verizon Finally, add Verizon (VZ +1.15%) to your list of money-printing machines while its yield is a solid 6.5%. There's always a trade-off for unusually strong dividend yields like this one. In this case, the trade-off is the lack of revenue growth that will ultimately limit any capital appreciation from the stock itself. Pew Research says 98% of adults living in the United States already own a mobile phone, for perspective, meaning customer growth within this saturated market is largely limited to the nation's population growth.
The thing is, this trade-off is still well worth it. Not only is this stock's outstanding yield well above the average for companies of its caliber, but it's also built to last, and grow.
For better or worse, Americans are essentially addicted to their cell phones, with Review.org reporting that we look at our phones' screens an average of 186 times per day whether or not we need to. With this habit now well formed, it's unlikely the vast majority would be willing to give up this constant connection to the rest of the world anytime soon, if ever. We'll pay whatever monthly fee is necessary to keep our phones connected to our service provider's network.
In other words, Verizon's 19-year streak of annual dividend increases is likely to continue being extended indefinitely.
Shares of LyondellBasell Industries N.V. (NYSE:LYB – Get Free Report) have received an average rating of “Hold” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $71.9444.
A number of research firms have issued reports on LYB. Bank of America reduced their target price on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a research note on Tuesday, June 30th. Evercore increased their price objective on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. JPMorgan Chase & Co. raised their price objective on LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Jefferies Financial Group boosted their target price on LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Finally, Weiss Ratings downgraded LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th.
Check Out Our Latest Stock Report on LYB
LyondellBasell Industries Stock Performance Shares of LYB opened at $62.41 on Thursday. The company has a 50-day moving average of $62.17 and a two-hundred day moving average of $63.19. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of -25.06, a PEG ratio of 0.20 and a beta of 0.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries has a one year low of $41.58 and a one year high of $83.94.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 8.73 earnings per share for the current year.
LyondellBasell Industries Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.
Institutional Inflows and Outflows Several institutional investors have recently bought and sold shares of LYB. Capital Research Global Investors boosted its holdings in LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares during the period. AQR Capital Management LLC increased its stake in shares of LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after purchasing an additional 1,431,334 shares during the last quarter. Morgan Stanley lifted its position in shares of LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after purchasing an additional 1,300,271 shares during the last quarter. Finally, Norges Bank bought a new stake in LyondellBasell Industries during the 4th quarter valued at approximately $52,210,000. Institutional investors own 71.20% of the company’s stock.
LyondellBasell Industries Company Profile (Get Free Report)
LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.
The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.
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Yemen’s Houthis attacked Saudi oil tankers in the Red Sea and intercepted multiple commercial vessels amid escalating US-Iran war. Oil prices have climbed further due to disruptions in the Red Sea and the Strait of Hormuz, causing Bitcoin and XRP to pare gains.
Yemen’s Iran-Aligned Houthis Disrupt Oil Supply in Red Sea Yemen’s armed forces hit two Saudi oil tankers in the Red Sea using ballistic missiles, cruise missiles, and drones, IRNA News Agency reported on July 23. The attacks also intercepted multiple commercial vessels, according to a formal statement by spokesperson Yahya Saree.
Saudi authorities confirmed a Saudi-owned commercial vessel was targeted in the Red Sea, causing a fire on the ship. All crew members are safe. Authorities claim such attacks constitute a violation of international laws and norms.
Houthi leaders in Yemen have declared a naval blockade against Saudi Arabia, effective immediately. US stock futures, Bitcoin and XRP are dropping amid risks of further supply disruptions.
The attacks coincided with Saudi Arabia signing a nuclear deal with the US. The 30-year agreement aims to strengthen bilateral cooperation on nuclear energy.
Saudi Arabia and United States Sign Agreement on Cooperation in Peaceful Uses of Nuclear Energy. pic.twitter.com/FSJWIqmXwS
— وزارة الطاقة (@MoEnergy_Saudi) July 22, 2026
Meanwhile, U.S. Central Command (CENTCOM) forces completed another round of strikes against Iran for the 12th consecutive night. President Trump threatened to bomb bridges or power plants every time Iran shoots at a ship in the Strait of Hormuz
U.S forces struck Iranian military targets including maritime capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense systems. The strikes further degrade Iran’s ability to attack civilian mariners and commercial vessels.
Bitcoin and XRP Slips amid Rising Oil Prices, US Treasury Yields Two-chokepoint risk for global oil supply caused oil prices to spike above $88 per barrel today. Oil prices are now up more than 31% since July-start, with no signs of an end to the US-Iran war.
Meanwhile, the US dollar index (DXY) slipped below 101.71 amid inflation concerns from surging energy costs. The 10Y Treasury Yield is approaching 4.70% and a fresh 52-week high, triggering selloffs in Bitcoin price. This puts the 10Y Treasury Yield up over 70 basis points since the US-Iran war began, with markets continuing to brace for an energy shock.
30-Year Treasury Yield closing in on its highest level since the run-up to the Global Financial Crisis 🚨 🚨 pic.twitter.com/8EeHCTctVb
— Barchart (@Barchart) July 22, 2026
Bitcoin fell more than 1% amid Yemen’s attacks in the Red Sea. The price is currently trading near $65,600, with a 24-hour low and high of $65,514 and $66,401, respectively.
Furthermore, trading volume has decreased by 9% in the last 24 hours, indicating a drop in interest among traders. Investors await US economic events and the Fed rate decision for cues on market direction.
Meanwhile, XRP price hit resistance near $1.16 again and fell to $1.13. Trading volume has dropped 32% as traders weigh rising Middle East tensions. XRP futures open interest also dropped more than 1% to $2.51 billion in the past 4 hours.
Navigating these volatile macro environments requires a dedicated suite of the best crypto research tools to analyze blockchain transaction volume and market sentiment.
Micron Technology (MU -1.05%) has been one of the biggest artificial intelligence (AI) winners in recent times -- from an earnings and stock performance perspective. The company has seen revenue skyrocket amid demand for its memory solutions, and the stock has advanced 1,300% over the past three years. In the first half of this year, it climbed 300% and now trades at more than $900.
My prediction is Micron will reach $1,400 as early as next year -- here's the math.
Image source: Micron Technology.
A double-digit gain If Micron climbs to $1,400, from today's level, that represents a gain of 44%, which isn't unusual for this stock. That also would put Micron at $1.5 trillion in market value. Using analysts' average revenue estimate for the current year of $129 billion, Micron would trade at a price-to-sales ratio of about 12. This is completely in line with the company's current P/S ratio.
MU PS Ratio data by YCharts
So, the math works out, supporting the idea that Micron could reach this level. Importantly, the company's product offerings, earnings performance so far, and prospects are also pushing the stock in this direction. Micron is a leader in the memory and storage space, and these are key needs of AI customers. AI requires compute for calculations, but this goes hand in hand with memory and storage -- and as agentic AI is increasingly put to use, demand for Micron's products could see further growth. Agentic AI involves applying AI to real-world problems, with the AI taking a series of actions. This is seen as the next growth area in the AI market.
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High levels of profitability All of this has helped revenue take off in recent quarters, and the latest period offers us a great example. Revenue soared 345% to more than $41 billion, and this was accomplished at a high level of profitability on sales. Micron reported gross margin that exceeded 84% -- even topping chip giant Nvidia, which has steadily generated gross margins of more than 70%.
The current memory chip shortage, which Micron expects to continue past 2027, has pushed customers to rush to memory providers such as Micron to get their orders in -- and Micron has even established strategic customer agreements (SCAs) that offer great visibility on revenue to come. The company has completed 16 SCAs, with firm commitments for purchases over a period of years. Current SCAs will bring in $22 billion in financial commitments, according to Micron, and this may be just the beginning as the company aims to make these deals a central part of its business.
All of this supports my prediction that Micron stock will maintain its momentum and reach $1,400 by next year.
The hottest artificial intelligence (AI) stocks this year are not names like Nvidia and Palantir Technologies, which have put on a clinic in recent years and generated phenomenal returns for shareholders. This year, parts of the AI supply chain have come into focus, propping up lesser-known companies and even some legacy tech names that had been overlooked until recently.
Two of those companies are Micron Technology (MU -1.05%) and Sandisk (SNDK +0.69%), which are up 240% and 570%, respectively, this year (as of July 22). Can the rally last through 2027?
Image source: Getty Images.
Why Micron and Sandisk are booming Micron and Sandisk both make different types of memory, which feed the graphics processing units (GPUs) data that makes AI reasoning possible.
Sandisk is focused on NAND flash memory, which is essentially longer-term, cheaper storage that maintains data even when an operating system's power is turned off. In AI, NAND is used to store massive data sets and AI models that can be quickly transferred to GPUs when they begin a task.
Micron makes NAND flash memory, too, but it also makes dynamic random-access memory (DRAM). This type of memory is more expensive and loses data when the operating system's power turns off. But it is also the key to making AI possible. DRAM delivers data to GPUs incredibly quickly, enabling AI models to process, respond, and provide solutions in real time.
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Companies like Micron have been able to stack DRAM die vertically to create high-bandwidth memory (HBM), which makes AI workloads even faster by providing greater bandwidth.
Naturally, as GPU clusters and data centers have scaled, demand for NAND, DRAM, and HBM has surged, driving higher prices and, in turn, higher revenue and earnings for companies like Micron and Sandisk.
The interesting thing about memory stocks is that they have historically been quite cyclical.
That's because there is typically a timing imbalance between supply and demand. What often happens is that by the time memory companies catch up to demand, demand has fallen, and they overshoot, leading to a supply glut.
But the AI supercycle is unlike anything investors have ever seen, and most analysts expect it to be a while before supply catches up with demand.
On the company's most recent earnings call, Micron CEO Sanjay Mehrotra said he expects high demand to continue past 2027, due to AI demand and "structural supply constraints."
Furthermore, Micron announced 16 strategic customer agreements (SCAs), many of which are long-term, running from this year through 2030. These deals include fixed pricing, price floors, and ceilings. This is atypical for memory companies and does suggest a potentially new dynamic for these cyclical companies.
Ethan Tan, a memory consultant, is forecasting price hikes in the 40% to 45% range next year, and consumers are already feeling the impact. Apple recently announced higher prices for many of its core products due to high memory costs.
In May, Sandisk CEO David Goeckeler said he expects a supply shortage for memory "for a long period of time." He also said he wants to reduce the company's cyclicality, if possible.
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"Or at least when the cyclicality comes, have different techniques to deal with it than we have in the past," he told investors at the time.
Now, it's always dangerous for investors to think this time is different because history has a nasty way of catching up with investors, even if it doesn't always repeat itself exactly.
Investors should also remember that the market pulls growth forward, so Micron and Sandisk's prices likely reflect, at least to some extent, the massive demand expected for memory this year and in 2027.
Both companies should continue to deliver strong results in 2027, but the slightest hint that supply is catching up to demand could trigger a big sell-off in these stocks. I don't know if or when it will happen, but it's something investors should be on high alert for.
Texas Instruments shares were falling while STMicroelectronics stock was diving on Thursday, after both makers of analog semiconductors struggled to meet heightened expectations after reporting strong demand in the second quarter.
Honeywell International Inc. (NASDAQ:HON) will release its second quarter earnings report before the opening bell on Thursday, July 23.
Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings of $1.81 per share, down from $5.50 per share in the year-ago period. The consensus estimate for Honeywell’s quarterly revenue is $5.02 billion. It reported $10.35 billion last year, according to Benzinga Pro.
On July 20, Honeywell Aerospace announced that IndiGo has selected Honeywell Aerospace’s flagship avionics and power systems for its order of 810 new Airbus A320neo family aircraft.
Shares of Honeywell rose 1.4% to close at $232.99 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying HON stock? Here’s what analysts think:
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LONDON & SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the AI control tower for business reinvention, today announced that Experian, the global data and technology company, and strategic partner, is significantly expanding its deployment of the ServiceNow AI Platform to drive enterprise-wide AI-led transformation. As a long-standing ServiceNow customer, Experian is leveraging agentic AI workflows to automate intelligence at scale, improve operational efficiency and deliver AI-fi.
Lockheed Martin Corporation (NYSE:LMT) will release its second quarter earnings report before the opening bell on Thursday, July 23.
Analysts expect the Bethesda, Maryland-based company to report quarterly earnings of $7.20 per share, up from $1.46 per share in the year-ago period. The consensus estimate for Lockheed Martin’s quarterly revenue is $19.33 billion. It reported $18.16 billion last year, according to Benzinga Pro.
On July 21, Lockheed Martin and Venus Aerospace announced a joint technology development agreement to advance next-generation propulsion for long-range precision fires.
Shares of Lockheed Martin rose 1.4% to close at $514.36 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying LMT stock? Here’s what analysts think:
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Market News and Data brought to you by Benzinga APIs
SummaryBroadcom Inc. delivered a record Q2 FY26 with 47.9% YoY top line growth, driven by explosive AI semiconductor demand.Robust momentum in AVGO's AI silicon business, which now comprises 49% of consolidated revenue, and an elevated backlog should support top line growth through FY26.Operating leverage is likely to keep margins strong over the coming quarters despite continued pressure from high R&D.I maintain a BUY rating on AVGO, citing attractive valuation, a leading market position, and demand visibility from multi-year AI customer commitments. Sundry Photography/iStock Editorial via Getty Images
The Thesis The leading North American AI semiconductor company, Broadcom Inc. (AVGO), exited the first half of FY26 with strong momentum, delivering robust growth across its top line and bottom line in
1.32K Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in AVGO over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Honda is discontinuing its Prologue. Owners noticed their recent monthly statement told them to "consider a hybrid." Honda Honda sold Prologue owners on going electric. Now, it wants them to consider a hybrid.
A blurb at the bottom of all Honda auto statements in July includes a section titled "Consider What's Next," which promotes the automaker's hybrid lineup and tells customers to "consider a hybrid" for their next vehicle.
The message landed awkwardly for Prologue owners. The SUV, Honda's only EV, was discontinued for 2027. The car company will have no fully-electric cars in its lineup next year.
Business Insider spoke with seven Prologue owners and lessees, including several who found the message frustrating — or darkly funny.
"The 'consider a hybrid' note on our statements is somewhat laughable," Oklahoma-based Benjamin Crabtree, who has owned a Prologue for a year, told Business Insider. "With very few exceptions, anyone who has gone fully electric would never want to downgrade to a gas or hybrid vehicle going forward."
Honda said the pitch was part of its effort to retain Prologue customers.
"Our focus is on Customer Lifetime Loyalty and retaining all of our existing customers by moving them into new Honda models," the company said. "We believe these would be great options for our returning Prologue customers."
The Prologue was supposed to bridge Honda into its next generation of EVs. The car was part of a joint effort with GM that also produced the Cadillac Lyriq, Chevy Blazer EV, and Chevy Equinox EV. The automakers scrapped their EV partnership in 2023 as costs rose and EV sales failed to meet expectations.
Honda's own electric ambitions have since unraveled.
The company confirmed in mid-July that Prologue production will end after the 2026 model year, with sales continuing into early 2027 with existing inventory. In March, Honda scrapped its planned US-built 0 Series EVs, while its joint venture with Sony ended before it could build the roughly $90,000 Afeela sedan.
Instead, Honda has said it's focusing on a new lineup of hybrid vehicles, including a 15-vehicle global slate by 2030.
That pivot disappointed some Prologue drivers — including Kevin Simpson, a California-based 2025 Prologue lessee — who had expected to remain with Honda for their next EV. He called the hybrid model pitch "mildly annoying and sadly ironic."
"I was following the development of the 0 Series Honda EVs, and intended one of those to be my next car," he said. "When Honda pulled the rug out from under me and other Prologue owners, I felt very let down by a company I have long admired."
Simpson said he is now considering the Rivian R2 or one of the electric vehicles developed jointly by Toyota and Subaru.
An EV rebound?
US EV sales have had a rough go in 2026. There are signs that high gas prices are giving them new momentum. Bloomberg/Getty Images Honda has said its broader reassessment of its electrification strategy could result in write-downs of $15.7 billion. The cancellations leave Honda without a new battery-electric model in its US lineup for 2027.
The Japanese automaker is not alone in reworking its electric ambitions. Automakers — including Jeep-maker Stellantis, Ford, Volkswagen, and General Motors — have canceled vehicles, delayed projects, or recorded billions of dollars in charges as they respond to slower demand, high development costs, and the loss of federal EV incentives. The federal tax credit of up to $7,500 was no longer available for vehicles acquired after September 30, 2025.
However, signs indicate that the US EV market is stabilizing amid skyrocketing gas prices.
Americans bought an estimated 247,226 new EVs in the second quarter, up 14.7% from the first three months of 2026, according to Kelley Blue Book. Sales remained well below the same period last year.
Work at Honda? We want to hear from you. Contact Ben Shimkus at [email protected] or Signal at bshimkus.41. Use a personal email address and a nonwork device.
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Ben Shimkus You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Ben Shimkus is a reporter for the Business News desk. He writes about cars, transportation, retail, and jobs. Ben's reporting has appeared in Rolling Stone, The Verge, Automotive News, USA Today, AutoBody News, LGBTQ Nation, TopSpeed, and Out Magazine. He's also held staff writing positions at The U.S. Sun and the Daily Mail. He graduated from NYU with a Master's in journalism in 2024. Email Ben at [email protected] or message him privately on Signal at bshimkus.41.
SEGRO PLC (LSE:SGRO) shares jumped 7% to 957p in early trading on Thursday after the board of the warehouse developer said it "would be minded" to recommend the "best and final" takeover proposal made by Prologis Inc (NYSE:PLD), after the US logistics property group raised its offer and committed to a secondary London listing.
Prologis offered 0.092 new shares for each Segro share, alongside a partial cash alternative of up to £3.5 billion. Based on Prologis's closing price on Tuesday, the proposal valued Segro shares at 1,031.7p each and the company at around £14 billion.
Under the offer, Segro shareholders would also retain the property group's final dividend of up to 22.56p per share, taking the total potential value to 1,054.3p. They would additionally be entitled to an interim dividend of up to 10.14p.
The revised terms represent a 9.5% improvement on Prologis's initial approach and a 39% premium to Segro's undisturbed share price.
On Monday, Segro had rejected a third proposal worth 993p per share, which led Prologis to accuse the company's board of relying on an "aspirational valuation built on unrealistic assumptions", before raising its bid for a fourth time.
Following further talks on Wednesday, Prologis has now contractually agreed to establish a secondary listing of its shares on the London Stock Exchange by the completion of any deal.
Segro's board said it had unanimously concluded that the latest financial terms were at a level it would recommend, subject to due diligence and agreement on the remaining conditions.
The takeover deadline for Prologis to announce a firm offer has been extended from Thursday to 5pm on 12 August.
Broker Panmure Liberum said: "We do not view paying shareholders with their own dividends as an increase in offer value, but this appears to be an increasingly common feature of public takeover negotiations."
Even including the retained dividend, the implied value remains below the broker's 1,300p target price and below both its assessment and SEGRO's own assessment of the value embedded in its development pipeline.
However, the broker said that the commitment to establish a London secondary listing "is a meaningful development".
"The board's willingness to recommend materially increases the probability of a transaction completing on broadly these terms."
Alphabet (Investiční tipy) má za sebou čtvrtletí, které by za normálních okolností vypadalo jako jasné vítězství. Tržby překonaly očekávání, cloud prudce zrychlil, zisk na akcii výrazně předčil odhady a využívání nástrojů umělé inteligence dál roste.
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BitMEX to shut down after 11 years in crypto derivativesBitMEX announced it will shut down operations on Sept. 23, 2026, after owner HDR Global Trading Limited decided to close the crypto exchange.
BitMEX, one of the pioneers of cryptocurrency derivatives trading, announced it will shut down operations after owner and operator HDR Global Trading Limited decided to close the company following a strategic review.
The company announced Thursday that it will stop operations on Sept. 23, 2026, and advised users to close positions and withdraw funds during the transition period.
“We want to reassure you that your assets remain fully safe and under your control during this transition period,” BitMEX said in a statement to users.
BitMEX said its platform helped popularize perpetual swap contracts, a type of crypto derivatives product that allows traders to speculate on asset prices without expiration dates. The company also said it has maintained a record of no customer funds lost to hacks during its 11 years of operation.
BitMEX did not disclose further details about the factors behind HDR Global Trading Limited’s decision to close the exchange following its strategic review. The exchange declined to comment further and HDR Global Trading was not reachable for comment.
The closure comes as the crypto derivatives market navigates a shifting competitive landscape. Centralized exchange (CEX) perpetual futures volume fell 10% to $12.7 trillion in the second quarter of 2026, according to CoinGecko’s latest Crypto Industry Report, while decentralized alternatives such as Hyperliquid rose to become the second-largest perpetuals exchange by open interest, behind Binance.
This is a developing story and will be updated as more information becomes available.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
BitMEX to shut down after 11 years in crypto derivativesBitMEX announced it will shut down operations on Sept. 23, 2026, after owner HDR Global Trading Limited decided to close the crypto exchange.
BitMEX, one of the pioneers of cryptocurrency derivatives trading, announced it will shut down operations after owner and operator HDR Global Trading Limited decided to close the company following a strategic review.
The company announced Thursday that it will stop operations on Sept. 23, 2026, and advised users to close positions and withdraw funds during the transition period.
“We want to reassure you that your assets remain fully safe and under your control during this transition period,” BitMEX said in a statement to users.
BitMEX said its platform helped popularize perpetual swap contracts, a type of crypto derivatives product that allows traders to speculate on asset prices without expiration dates. The company also said it has maintained a record of no customer funds lost to hacks during its 11 years of operation.
BitMEX did not disclose further details about the factors behind HDR Global Trading Limited’s decision to close the exchange following its strategic review. The exchange declined to comment further and HDR Global Trading was not reachable for comment.
The closure comes as the crypto derivatives market navigates a shifting competitive landscape. Centralized exchange (CEX) perpetual futures volume fell 10% to $12.7 trillion in the second quarter of 2026, according to CoinGecko’s latest Crypto Industry Report, while decentralized alternatives such as Hyperliquid rose to become the second-largest perpetuals exchange by open interest, behind Binance.
This is a developing story and will be updated as more information becomes available.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Crypto derivatives exchange BitMEX will cease operations on Sept. 23, 2026, after its parent company, HDR Global Trading Limited, decided to close the platform following a strategic review of its business and the digital asset industry, according to an announcement published on Thursday.
Effective immediately, the exchange has stopped accepting new user registrations.
“BitMEX invented the 100x leverage perpetual swap, the most traded product in the crypto industry – now adopted by thousands of people and exchanges,” the team stated. “This legacy reflects our commitment to bringing innovative and sophisticated risk management tools for all users. And we continue to take pride in our robust security posture, which, unlike many of our peers, has resulted in BitMEX experiencing zero funds lost to hacks during its entire operating history of over 11 years.”
The exchange said trading will continue until the shutdown process advances, but new restrictions will begin on Aug. 26. From that date, traders will only be permitted to reduce existing positions, with no new positions allowed.
BitMEX will gradually force close outstanding positions ahead of the Sept. 23 deadline to ensure an orderly market wind-down, while any positions remaining at the official closure time will be automatically closed. The company added that illiquid contracts could be settled early in accordance with its existing settlement procedures.
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Following the exchange’s closure, users will retain access to their accounts solely for viewing balances, transaction history, and withdrawing remaining assets.
BitMEX also confirmed it has unstaked all BMEX tokens held in staking, making them immediately available to holders.
Customers who fail to withdraw funds before the closure deadline and have completed KYC verification will face ongoing custody charges of at least $50 or 1% annually, billed monthly, with the possibility of higher fees in the future after prior notice.
The exchange also cautioned users about phishing attacks exploiting the shutdown announcement, noting that enhanced withdrawal reviews and blockchain confirmation delays may temporarily slow withdrawals.
A decade-long rise Founded by Arthur Hayes, Benjamin Delo, and Samuel Reed in 2014, BitMEX provides trading in perpetual swaps, futures, and other crypto-based financial products. The exchange has become one of the industry’s best-known derivatives platforms by helping make perpetual futures a mainstream crypto trading product.
In early 2025, BitMEX was said to be seeking a buyer after hiring Broadhaven Capital Partners to manage a potential sale, per CoinDesk.
The reported sale process came amid increased merger and acquisition activity across the crypto derivatives market and followed years after the exchange’s AML-related legal troubles.
BitMEX underwent a major executive shakeup last month, with CEO Stephan Lutz, CFO Ina Steiner, and Chief Growth Officer Raphael Polansky leaving the exchange. Peter Wilkinson, previously the company’s COO and Global General Counsel, was appointed CEO.
The closure will mark the end of a major era in crypto derivatives trading.
One of the pioneers of cryptocurrency derivatives trading and the creator of the 100x perpetual swap will permanently cease operations on September 23 after deciding to wind down the business.
The company has been active for more than 11 years, making the decision even more painful for the broader cryptocurrency industry.
Closing Down The statement just published by BitMEX stated that the exchange will cease operations on September 23 this year at 04:00 UTC. Its parent company, HDR Global Trading Limited, said the move came after a strategic and detailed review of both the business and the crypto industry as a whole.
The trading platform has halted new account registrations and has urged existing users to close all open positions and withdraw their assets before the deadline.
BitMEX saw the light of day in 2014 and helped shape the modern crypto derivatives market. It introduced 100x leveraged perpetual swaps, a product that later became the industry standard and was eventually adopted by essentially every major crypto derivatives competitor. At its peak, BitMEX ranked among the world’s largest crypto exchanges, attracting professional traders with deep liquidity and advanced trading tools.
The statement further outlined the platform’s highly impressive security record, stating that no customers’ funds were ever lost to a hack throughout its near-decade-long existence.
What Went Wrong Despite its growth in its initial years, US authorities went after the company’s founders in 2020 for violating anti-money laundering laws by operating the exchange without implementing adequate Know-Your-Customer (KYC) procedures. It later settled with the US, while the former CEO Arthur Hayes and other execs pleaded guilty to Bank Secrecy Act violations.
Although it remained open for years after resolving those cases, several competitors had emerged and taken a big chunk of its former market share.
BitMEX said trading will remain operational over the following months, but it will impose restrictions gradually as the shutdown approaches. After August 26, users will no longer be able to open new positions and will only be permitted to reduce existing ones. Customers will retain access to their accounts after the shutdown date (September 23) only to view balances, transaction history, and withdraw remaining assets.
BitMEX will permanently close its cryptocurrency exchange on September 23, 2026, ending more than 11 years of operations. The company said the decision followed a strategic review of its business and the broader crypto industry, marking the end of one of the earliest crypto derivatives platforms.
BitMEX announced that all exchange services will cease at 04:00 UTC on September 23, 2026. The platform has already stopped accepting new account registrations, and users are being urged to close their positions and withdraw their funds before the deadline.
Why Is BitMEX Closing?BitMEX said its board, HDR Global Trading Limited, decided to shut down the exchange after reviewing the company’s future and changing conditions across the crypto industry.
The company did not cite financial difficulties or regulatory action as the reason for the closure. Instead, it described the move as the outcome of a broader strategic assessment.
“Following a strategic review of the business and the broader crypto industry, the board… has decided to close the exchange.”
BitMEX acknowledged the decision was difficult.
“This comes with a heavy heart for all of us at the company and has not been taken lightly.”
Launched in 2014, BitMEX became one of the most influential crypto derivatives exchanges. It introduced the 100x leveraged perpetual swap, a product that later became widely adopted across the industry. The company also highlighted that it had operated for more than 11 years without losing customer funds to a hack.
What Happens Next?The exchange will continue operating normally until late August before gradually winding down trading.
August 26: New Positions RestrictedStarting August 26 at 04:00 UTC, users will no longer be able to open new positions. They will only be allowed to reduce or close existing trades.
During the wind-down period, BitMEX said it may force-close open positions to ensure an orderly market shutdown.
Any positions still open when the exchange closes on September 23 will be automatically liquidated.
The company also said contracts with limited liquidity may undergo early settlement, with users receiving advance notice.
What Users Should DoBitMEX is advising customers to:
Close all open trading positions.Withdraw all crypto assets before September 23.Watch for phishing scams claiming to offer faster withdrawals.After the exchange closes, users will still be able to log in to view account balances and transaction history and withdraw remaining assets. The company also confirmed that all previously staked BMEX tokens have already been unstaked and credited back to user accounts.
Fees for Funds Left on the PlatformUsers who complete KYC but leave assets on BitMEX after the closure date will face an ongoing custody fee.
The exchange said it will charge the higher of:
$50 per month (or equivalent), or1% per year on the remaining account balance,with the fee applied monthly. BitMEX also warned that these charges could increase in the future if users continue leaving assets on the platform after the closure.
Withdrawal Delays PossibleBitMEX said it expects withdrawal requests to increase as the closure date approaches and warned that additional security checks could slow processing times. The exchange noted that blockchain confirmation times, particularly on Bitcoin, may also cause delays. However, it stressed that customer assets remain fully backed, citing its proof of reserves and liabilities.
Story Ends Here
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23 July 2026 | 11:42 BitMEX is shutting down the exchange that helped turn perpetual swaps into one of crypto’s dominant trading products.
Key Takeaways New positions stop on August 26, when the platform becomes reduce-only. BitMEX may force-close remaining positions between those two dates. Balances left after September 23 will incur a fee of $50 or 1% a year, billed monthly. The platform announced on July 23, 2026 that it will close on September 23 at 04:00 UTC, following what its board described as a strategic review of the business and the wider crypto industry. New account registrations have already stopped.
The closure is not being presented as a hack, insolvency event or sudden loss of customer funds. BitMEX says its assets exceed liabilities and that users will retain access to their accounts and withdrawals after trading ends. That does not mean traders should wait until September.
The more practical deadline arrives on August 26, when the exchange will stop accepting new positions and move into an orderly wind-down. From that point, traders will only be able to reduce exposure, while BitMEX may begin closing positions before the final shutdown.
Dear BitMEX Users,
Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.
The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations… pic.twitter.com/oWuqlh547f
— BitMEX (@BitMEX) July 23, 2026
The Real Trading Deadline Is August 26 The exchange will continue operating normally until August 26 at 04:00 UTC. After that point, users will no longer be able to increase an existing position or open a new one.
BitMEX plans to force-close positions during the period between August 26 and September 23. Any position still open when the final closure time arrives will be closed immediately. Contracts with limited liquidity may be settled earlier, so traders cannot assume every position will remain available until the published shutdown date.
Date What Changes What Users Should Know July 23, 2026 New registrations stop Existing users can continue trading and withdrawing August 26, 2026 The platform becomes reduce-only No new positions can be opened and forced closures may begin September 23, 2026 Exchange services end at 04:00 UTC Any remaining open positions will be closed After September 23 Accounts become withdrawal-only Balances remain accessible, but account fees begin applying August 26 is therefore the last day on which users retain normal control over how and when they exit. September 23 is the final backstop, not a target date for closing positions.
Why Leaving Funds Behind Creates Extra Costs KYC-verified users who leave assets on the platform after September 23 will be charged the greater of $50 equivalent or 1% per year on the remaining balance, billed monthly. BitMEX also reserves the right to increase that fee later after providing advance notice.
The fee creates a clear incentive to withdraw before the shutdown even though customer balances will not become immediately inaccessible. Withdrawal processing may also slow as demand rises. BitMEX says additional security reviews will be applied and some blockchains may face network-related delays, and a withdrawal marked as “Processing” will remain queued until an address becomes available to broadcast it.
BMEX holders should find their previously staked tokens available in their accounts because the exchange has already unstaked all BMEX held through the platform.
The company is also warning users about phishing attempts. Exchange wind-downs are a known window for impersonation, because attackers can predict both the urgency users feel and the exact action they have been told to take. There is no priority or accelerated withdrawal service, so any message promising faster access is fraudulent by definition. Account access should be handled through the official BitMEX closure announcement and platform rather than links received through email, social media or direct messages.
The Exchange That Made Perpetual Swaps Mainstream BitMEX was created by Arthur Hayes, Ben Delo and Samuel Reed in 2014, when crypto derivatives were still a small and technically difficult corner of the market.
The founders developed the platform without major outside funding and launched live trading on November 24, 2014. The name stood for Bitcoin Mercantile Exchange, reflecting its original focus on Bitcoin-settled derivatives rather than conventional spot trading.
Its defining product arrived in May 2016. XBTUSD gave traders leveraged exposure to Bitcoin without a contract expiry date. Periodic funding payments between long and short traders kept the contract aligned with the underlying spot market.
That structure solved a problem found in traditional futures. Traders no longer needed to close an expiring contract and open a new one to maintain exposure. The position could remain active indefinitely as long as the trader maintained enough margin and continued paying or receiving funding.
BitMEX paired that design with leverage of up to 100 times, making the platform famous for both its innovation and the speed at which positions could be liquidated. Perpetual swaps later became standard products across centralized and decentralized crypto exchanges.
The Product Outgrew the Platform That Popularized It BitMEX is closing during a period when perpetual trading itself remains enormous.
According to CoinGecko’s 2025 crypto industry report, perpetual trading volume across the ten largest centralized exchanges reached a record $86.2 trillion during the year, up 47.4% from 2024.
That contrast is the larger story. The market BitMEX helped create did not disappear. Activity migrated across a much larger group of centralized exchanges and, increasingly, onchain perpetual platforms such as Hyperliquid, whose fee engine has generated more than $1.2 billion in cumulative trading fees.
BitMEX itself does not publish quarterly revenue, profit or audited operating results, so the closure cannot be tied to a specific public earnings figure. Its available platform data offers only a partial view.
At the time the shutdown was announced, the official market page listed 58 coins and 99 contracts, with approximately $142 million in 24-hour trading volume. A tenth-anniversary update published in November 2024 had cited daily volume above $610 million.
Those figures are not directly comparable with audited quarterly results. Daily volume changes sharply with market conditions, and neither number reveals revenue, expenses or profitability. They do show that BitMEX remained active, but no longer occupied the singular position it held during the earlier Bitcoin derivatives market.
Security Was One Part of the Legacy BitMEX says it did not lose customer funds to a hack during nearly 12 years of operation. The platform built its custody model around cold storage and multisignature approvals, placing security ahead of rapid automated withdrawals.
That record matters during the wind-down because the closure announcement is not accompanied by a reported asset shortfall. BitMEX says customer assets exceed liabilities and directs users to its Proof of Reserves and Liabilities page.
Users should still withdraw rather than treat that assurance as a reason to leave balances indefinitely. After September 23, BitMEX will be a custodian processing withdrawals, not a functioning exchange. The fees and possible processing delays make an early exit more practical.
The Regulatory History Cannot Be Ignored BitMEX’s influence was accompanied by one of the industry’s most consequential enforcement cases.
In 2021, a federal court ordered the BitMEX entities to pay a $100 million civil penalty after the Commodity Futures Trading Commission found that the platform had operated without required registration and adequate anti-money-laundering controls.
The exchange later pleaded guilty to violating the Bank Secrecy Act. In January 2025, a federal judge imposed another $100 million criminal fine and two years of probation.
BitMEX subsequently described itself as a remediated and compliant business. Its closure notice does not attribute the decision to those proceedings, and it would be inaccurate to present the regulatory cases as the confirmed cause of the shutdown. They remain part of the exchange’s history, alongside the perpetual swap, high leverage and its security record.
What BitMEX Users Should Do Now The closure provides enough time for an orderly exit, but waiting offers little advantage.
Review every open position. Contracts may be closed by BitMEX from August 26 onward, with limited-liquidity products potentially settled earlier. Download account records. Transaction history will remain available, but exporting records before the shutdown reduces dependence on a platform no longer providing normal services. Withdraw through official channels. Users should verify addresses carefully and avoid links promising faster processing. Do not leave small balances forgotten. The minimum $50-equivalent account fee could be significant relative to a modest remaining balance. Allow time for network delays. A withdrawal requested close to the deadline may take longer during periods of unusually high demand. BitMEX will not vanish on September 23. Users will retain a route to their remaining assets, but the platform that made leveraged Bitcoin perpetuals a global product will stop functioning as an exchange.
The contract it pioneered will continue trading across the industry. BitMEX itself will not.
Source review: Based on BitMEX’s official closure announcement and platform data, CFTC and Department of Justice enforcement records, and CoinGecko’s 2025 annual crypto industry report, checked July 23, 2026.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
In brief Crypto derivatives exchange BitMEX said Thursday it will shut down on September 23, 2026, and has already stopped new account registrations. The company cited a strategic review of the business and the wider crypto industry as being behind the decision. BitMEX urged users to close positions and withdraw funds before the deadline. BitMEX, one of crypto's oldest derivatives venues, is shutting down.
The platform will cease operations on September 23 at 04:00 UTC, its operator, HDR Global Trading, said Thursday, pinning the decision on a “strategic review of the business and the broader industry.” New account sign-ups have already been halted. The move, BitMEX said, "comes with a heavy heart."
Dear BitMEX Users,
Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.
The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations… pic.twitter.com/oWuqlh547f
— BitMEX (@BitMEX) July 23, 2026
Users have two months to get out. Trading continues as normal until August 26, when BitMEX will bar new positions and let traders only reduce existing ones. From there it will force-close open positions to wind the market down in an orderly fashion, and any left open at the deadline will be closed automatically. Even after the shutdown, the company said, users can still log in to withdraw balances—though those who leave funds parked will eventually be charged a monthly account fee.
Founded in 2014 by Arthur Hayes, Benjamin Delo, and Samuel Reed, BitMEX built a template much of the industry still runs on. In May 2016 it launched the perpetual swap—a no-expiry futures contract offering up to 100x leverage. Crypto perps have since gone on to reach volumes of $61.7 trillion in 2025, per CryptoQuant, up $13.8 trillion on the previous year. BitMEX noted it had gone more than 11 years without losing user funds to a hack—a pointed claim in a year defined by nine-figure exploits.
Its later history was rockier. BitMEX pleaded guilty in 2024 to violating the Bank Secrecy Act over lax anti-money-laundering controls, and paid $100 million in penalties. In March 2025, U.S. President Donald Trump pardoned Hayes and his co-founders, wiping out the criminal case that had shadowed the exchange for years. BitMEX told users to trade on "the many excellent platforms that have followed in our footsteps."
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Crypto derivatives exchange BitMEX said Thursday it will shut down on September 23, 2026, and has already stopped new account registrations. The company cited a strategic review of the business and the wider crypto industry as being behind the decision. BitMEX urged users to close positions and withdraw funds before the deadline. BitMEX, one of crypto's oldest derivatives venues, is shutting down.
The platform will cease operations on September 23 at 04:00 UTC, its operator, HDR Global Trading, said Thursday, pinning the decision on a “strategic review of the business and the broader industry.” New account sign-ups have already been halted. The move, BitMEX said, "comes with a heavy heart."
Dear BitMEX Users,
Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.
The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations… pic.twitter.com/oWuqlh547f
— BitMEX (@BitMEX) July 23, 2026
Users have two months to get out. Trading continues as normal until August 26, when BitMEX will bar new positions and let traders only reduce existing ones. From there it will force-close open positions to wind the market down in an orderly fashion, and any left open at the deadline will be closed automatically. Even after the shutdown, the company said, users can still log in to withdraw balances—though those who leave funds parked will eventually be charged a monthly account fee.
Founded in 2014 by Arthur Hayes, Benjamin Delo, and Samuel Reed, BitMEX built a template much of the industry still runs on. In May 2016 it launched the perpetual swap—a no-expiry futures contract offering up to 100x leverage. Crypto perps have since gone on to reach volumes of $61.7 trillion in 2025, per CryptoQuant, up $13.8 trillion on the previous year. BitMEX noted it had gone more than 11 years without losing user funds to a hack—a pointed claim in a year defined by nine-figure exploits.
Its later history was rockier. BitMEX pleaded guilty in 2024 to violating the Bank Secrecy Act over lax anti-money-laundering controls, and paid $100 million in penalties. In March 2025, U.S. President Donald Trump pardoned Hayes and his co-founders, wiping out the criminal case that had shadowed the exchange for years. BitMEX told users to trade on "the many excellent platforms that have followed in our footsteps."
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
TL;DR BitMEX will permanently close on September 23 and has stopped accepting new user registrations. The exchange introduced the crypto industry’s first perpetual swap in 2016. Regulatory actions against its founders and rising competition contributed to its decline. Users have until the shutdown date to close positions and withdraw their assets. BitMEX, one of the earliest cryptocurrency derivatives exchanges, will permanently cease operations on September 23, bringing an end to a platform that helped reshape the digital asset trading industry. The exchange said it has already stopped accepting new user registrations, while all trading activity will end at 04:00 UTC on the shutdown date.
Dear BitMEX Users,
Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.
The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations… pic.twitter.com/oWuqlh547f
— BitMEX (@BitMEX) July 23, 2026
Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, BitMEX revolutionized crypto trading by introducing the industry’s first perpetual swap contract. The product, which allows traders to speculate on cryptocurrency prices without an expiry date, has since become the dominant derivatives instrument across the digital asset market and was later adopted by nearly every major crypto exchange.
The closure marks the end of a platform that once dominated Bitcoin derivatives trading before fierce competition and mounting regulatory pressure eroded its market position.
BitMEX, Pioneer of Perpetual Futures Loses Ground BitMEX was widely regarded as the market leader during the early years of crypto derivatives, attracting professional traders with leverage of up to 100x and innovative risk management systems.
Its perpetual swap product fundamentally changed how traders accessed leveraged exposure to cryptocurrencies, becoming one of the industry’s most successful financial innovations. Today, perpetual futures account for the overwhelming majority of crypto derivatives volume globally, with exchanges such as Binance, Bybit, OKX, and Hyperliquid building large businesses around the model BitMEX pioneered.
However, its dominance gradually faded as competitors introduced similar products while expanding into spot trading, staking, and broader digital asset services. Rival exchanges also benefited from larger international user bases and more aggressive product development, steadily capturing market share from the once-dominant platform.
In recent months, BitMEX had already begun streamlining its offerings, announcing the delisting of multiple low-liquidity perpetual contracts and derivatives products as trading activity declined.
Regulatory Troubles Reshaped the Exchange BitMEX’s decline accelerated following legal action by U.S. authorities in 2020.
Federal prosecutors charged co-founders Arthur Hayes, Ben Delo, and Samuel Reed with violating the Bank Secrecy Act by operating the exchange without implementing adequate anti-money laundering controls. The founders eventually stepped away from executive roles as the legal proceedings unfolded, with Hayes even dumping his altcoin holdings, marking a major turning point for the business.
The exchange later introduced mandatory Know Your Customer (KYC) requirements and strengthened its compliance framework, but by then much of its trading volume had migrated to rival platforms.
Industry reports also indicated that BitMEX explored a potential sale in 2025, although no acquisition was ultimately announced.
BitMex Customers Given Deadline to Withdraw Assets BitMEX said new account registrations have already been disabled as part of its wind-down process.
Existing users have roughly two months to close open positions, withdraw assets, and complete any remaining account activities before the exchange permanently shuts its doors on September 23.
The company has not indicated that customer funds are at risk, and previous platform announcements show it continued operating normally while gradually reducing product offerings ahead of the closure.
The shutdown closes one of the most significant chapters in crypto trading history. While BitMEX no longer commands the influence it once did, its introduction of perpetual futures permanently changed how digital asset derivatives are traded and continues to shape products offered across the global cryptocurrency market.
BitMEX will permanently shut down its exchange on Sept. 23, ending an 11-year run for the platform that introduced the 100x leverage perpetual swap.
The exchange had been looking for a buyer since February 2025, when it retained Broadhaven Capital Partners to run a sale process. The board of HDR Global Trading Limited, the exchange's owner and operator, reached the decision after a strategic review of the business and the wider crypto industry, according to a Thursday announcement. New account registrations stopped immediately.
Arthur Hayes co-founded BitMEX in 2014 with a stated mission of opening professional-grade crypto derivatives to retail traders. The perpetual swap the exchange built has since become the most traded product in crypto, adopted across thousands of venues.
BitMEX pleaded guilty in 2024 to violating the Bank Secrecy Act over an inadequate anti-money laundering program, and was hit with an additional $100 million fine in January 2025. President Donald Trump pardoned the co-founders in March 2025.
Unwind protocol Users have two months to unwind. BitMEX will apply risk limits from Aug. 26 at 04:00 UTC that block new positions and permit reduce-only trades, and the exchange will force close remaining open positions ahead of the shutdown to wind down the market in an orderly fashion. Anything still open at the closure time will be force-closed immediately.
The exchange said it takes no responsibility for trading losses stemming from a user's inability to close positions before the deadline. All staked BMEX tokens have been unstaked and returned to holder accounts.
KYC'd users who fail to withdraw by the closure time will be charged a monthly account fee of $50 equivalent or 1% per annum, whichever is greater, on remaining balances. That fee can rise over time, with advance notice, for accounts that stay funded.
Withdrawals will still function after the closure time, and users will retain login access to view balances and transaction history. BitMEX flagged potential processing delays tied to network conditions, pointing to Bitcoin block confirmation times that can run up to an hour and constrain throughput from its fixed pool of addresses.
The exchange warned users to watch for phishing attempts exploiting the wind-down, and said no expedited or priority withdrawal service exists.
BitMEX said assets exceed liabilities per its Proof of Reserves and Liabilities page, and that it has lost zero customer funds to hacks across its full operating history.
BitMEX did not disclose what the strategic review found, or whether the sale process that began last year produced a bidder.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
Shares of Essex Property Trust, Inc. (NYSE:ESS – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $299.0789.
Several brokerages have commented on ESS. Evercore restated an “outperform” rating and set a $296.00 price objective on shares of Essex Property Trust in a research note on Monday, June 8th. Jefferies Financial Group upgraded shares of Essex Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. raised their target price on shares of Essex Property Trust from $272.00 to $275.00 and gave the stock an “underweight” rating in a report on Monday, May 18th. Wells Fargo & Company boosted their target price on shares of Essex Property Trust from $280.00 to $297.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Scotiabank upped their price target on shares of Essex Property Trust from $290.00 to $307.00 and gave the company an “outperform” rating in a report on Thursday, July 9th.
Check Out Our Latest Stock Report on ESS
Essex Property Trust Trading Down 0.3% Shares of NYSE:ESS opened at $293.05 on Thursday. Essex Property Trust has a 52-week low of $238.46 and a 52-week high of $303.35. The stock has a market cap of $18.83 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 12.68 and a beta of 0.70. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average price of $284.37 and a 200-day moving average price of $264.49.
Essex Property Trust (NYSE:ESS – Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $3.96 by ($2.31). Essex Property Trust had a net margin of 30.03% and a return on equity of 10.00%. The firm had revenue of $484.76 million during the quarter, compared to analysts’ expectations of $479.89 million. During the same quarter in the prior year, the company earned $3.97 EPS. Essex Property Trust has set its Q2 2026 guidance at 3.920-4.040 EPS. Equities analysts predict that Essex Property Trust will post 16.11 EPS for the current year.
Essex Property Trust Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $2.59 dividend. This represents a $10.36 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Essex Property Trust’s payout ratio is 116.40%.
Insider Buying and Selling In related news, Director Mary Kasaris sold 600 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $279.45, for a total transaction of $167,670.00. Following the sale, the director directly owned 2,394 shares of the company’s stock, valued at $669,003.30. This trade represents a 20.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.47% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Essex Property Trust A number of hedge funds and other institutional investors have recently made changes to their positions in ESS. Norges Bank purchased a new position in shares of Essex Property Trust during the 4th quarter valued at approximately $230,690,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Essex Property Trust by 973.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 743,954 shares of the real estate investment trust’s stock worth $199,127,000 after buying an additional 674,617 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Essex Property Trust by 21.9% during the fourth quarter. Principal Financial Group Inc. now owns 1,679,607 shares of the real estate investment trust’s stock worth $439,520,000 after buying an additional 301,349 shares in the last quarter. Morgan Stanley grew its position in Essex Property Trust by 31.3% during the fourth quarter. Morgan Stanley now owns 958,090 shares of the real estate investment trust’s stock valued at $250,714,000 after buying an additional 228,165 shares during the period. Finally, Rush Island Management LP grew its position in Essex Property Trust by 26.8% during the first quarter. Rush Island Management LP now owns 807,893 shares of the real estate investment trust’s stock valued at $195,510,000 after buying an additional 170,682 shares during the period. Institutional investors and hedge funds own 96.51% of the company’s stock.
Essex Property Trust Company Profile (Get Free Report)
Essex Property Trust, Inc (NYSE: ESS) is a publicly traded real estate investment trust that acquires, develops, owns and operates multifamily residential properties. The company focuses on market-rate apartment communities and delivers a full suite of property services including leasing, resident services, asset management, and capital improvement programs designed to preserve and enhance long‑term property values.
Essex concentrates its portfolio in West Coast markets, with a significant presence in California and the Pacific Northwest.
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Shares of Elevance Health, Inc. (NYSE:ELV – Get Free Report) have been given an average recommendation of “Moderate Buy” by the twenty-three ratings firms that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $440.9048.
A number of brokerages have issued reports on ELV. Mizuho upped their target price on Elevance Health from $435.00 to $465.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. Truist Financial lifted their price target on Elevance Health from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group restated a “neutral” rating and set a $395.00 price target on shares of Elevance Health in a report on Thursday, July 16th. Raymond James Financial set a $450.00 price objective on Elevance Health in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Elevance Health from a “hold” rating to a “buy” rating and raised their price objective for the company from $363.00 to $498.00 in a report on Wednesday, May 20th.
View Our Latest Stock Report on Elevance Health
Insider Activity In other news, Director Robert L. Dixon, Jr. sold 151 shares of Elevance Health stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $401.77, for a total transaction of $60,667.27. Following the transaction, the director owned 10,734 shares in the company, valued at approximately $4,312,599.18. The trade was a 1.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.
Institutional Inflows and Outflows Several large investors have recently bought and sold shares of the stock. Sei Investments Co. lifted its stake in shares of Elevance Health by 7.7% in the second quarter. Sei Investments Co. now owns 163,668 shares of the company’s stock worth $63,666,000 after acquiring an additional 11,745 shares during the period. Glenview Trust co increased its position in Elevance Health by 41.5% during the 2nd quarter. Glenview Trust co now owns 1,619 shares of the company’s stock valued at $630,000 after purchasing an additional 475 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Elevance Health by 6.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 65,945 shares of the company’s stock valued at $25,650,000 after purchasing an additional 4,272 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Elevance Health by 5.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,371 shares of the company’s stock worth $16,478,000 after purchasing an additional 2,012 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Elevance Health by 111.8% during the 2nd quarter. Quantinno Capital Management LP now owns 43,911 shares of the company’s stock worth $17,080,000 after purchasing an additional 23,180 shares during the last quarter. 89.24% of the stock is owned by institutional investors.
Elevance Health Stock Down 1.1% ELV stock opened at $389.29 on Thursday. Elevance Health has a 12 month low of $273.71 and a 12 month high of $436.24. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $84.42 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 2.26 and a beta of 0.67. The firm has a 50-day moving average price of $399.36 and a 200-day moving average price of $356.20.
Elevance Health (NYSE:ELV – Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The company reported $7.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.21 by $1.24. Elevance Health had a net margin of 2.47% and a return on equity of 14.64%. The company had revenue of $49.83 billion during the quarter, compared to the consensus estimate of $48.88 billion. During the same period in the prior year, the business earned $8.84 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts anticipate that Elevance Health will post 27.08 EPS for the current fiscal year.
Elevance Health Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Thursday, September 10th will be given a $1.72 dividend. This represents a $6.88 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, September 10th. Elevance Health’s dividend payout ratio is 30.58%.
About Elevance Health (Get Free Report)
Elevance Health, Inc (NYSE: ELV) is a large U.S.-based health benefits company that provides a broad range of health insurance products and related services. Headquartered in Indianapolis, the company rebranded from Anthem, Inc to Elevance Health in 2022 while continuing to operate consumer-facing health plans under established state and national brands. Gail Boudreaux serves as chief executive officer and president, leading the company’s strategic focus on integrated health care and benefit delivery.
Elevance’s core activities include offering medical and specialty health plans for individuals, employers and government programs, including Medicare and Medicaid managed-care products.
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The AUD/USD is seeing a cap on its medium-term uptrend move as geopolitical tensions escalate further along the Strait of Hormuz. Current Setup and Live Chart Regarding AUD/USD performance this week, the balance of risks is tilted toward modest weakness, with volatility likely to stay elevated due to market responses to Middle East geopolitical activity and US monetary policy expectations.
Currently, the AUD/USD is trading within a regime of risk sentiment vs safe-haven demand. The AUD currently benefits from resilient commodity exports, backed by the potential for more accommodative Chinese policy support. However, a strong US Dollar and elevated US Treasury yields have overpowered the AUD’s support channels and have put the pair under pressure.
The geopolitical climate is currently in an escalatory phase, which continues to drive safe-haven demand for the greenback at the expense of risk-associated commodity currencies such as the Aussie Dollar. On the other hand, investor sentiment and any positive stimulus developments from China will be the factors the AUD will look to for support. However, the market’s bias is currently for capital preservation via the flight to safety, even as oil prices continue to rise.
AUD/USD Macro Drivers 1) Bullish USD Sentiment
Despite last week’s U.S. inflation data showing a cooling of inflationary pressures in June, the U.S. dollar continues to retain broad-based strength, driving bond yields higher and generating safe-haven demand. The greenback is gaining support from continued expectations of caution on the part of the Federal Reserve in easing rates. Additional support also comes from stronger demand for U.S. government bonds as well as safe-haven flows. The market perception is that the U.S. economy remains resilient and robust, and these factors are expected to cap further rallies in AUD/USD in the near term.
2) China’s Economic Outlook
Australia’s robust export base, as well as the relative stability in commodity prices for gold, copper, natural gas, and iron ore, have helped to boost the country’s terms of trade and have formed a slight cushion against the strengthening of the U.S. dollar. Although this supportive metric has been overwhelmed by safe-haven demand for the greenback, it still offers partial support for the Aussie dollar, limiting the downside potential of the pair.
3) Commodity Prices
Australia’s robust export base, as well as the relative stability in commodity prices for gold, copper, natural gas, and iron ore, have helped to boost the country’s terms of trade and have formed a slight cushion against the strengthening of the U.S. dollar. Although this supportive metric has been overwhelmed by safe-haven demand for the greenback, it still offers partial support for the Aussie dollar, limiting the downside potential of the pair.
Price Catalysts for the AUD/USD 1) US economic data and Federal Reserve expectations
This is a key price catalyst for the AUD/USD. Data around US inflation and employment change (NFP) are critical in shaping the Fed rate expectations. Strong US data leads to a rise in US Treasury yields, which promotes a “higher for longer” Fed policy expectation.
2) Chinese and Australian economic releases: Australian employment change came in at 76.3K, which beat the consensus of 16.4K. The prior number was also revised upwards to 44.0K. The unemployment rate stayed at 4.4%. The robust outlook for the Australian labor market following this data provides for a near-term counter to the US Dollar’s strength, but the medium-term outlook stays in favor of the greenback. Of greater importance to the AUD’s outlook is the Chinese data set that comprises the
Chinese PMIs, industrial production, retail sales, and PBoC policy announcements. These Chinese data are considered critical to Australia’s export outlook.
3) Global risk sentiment: The AUD/USD is highly sensitive to risk sentiment. The Aussie Dollar is favored in risk-on market scenarios, while the US Dollar benefits from safe-haven demand. The current geopolitical tensions around the US-Iran conflict are a risk-averse situation: they promote a flight to safety into the USD. They are negative for both China and the Australian economy. De-escalation promotes risk-seeking sentiment, which is supportive of the Australian dollar.
AUD/USD Forecast Scenarios Base case: neutral to mildly bearish due to the current balance between upbeat Australian employment data to counteract the current US Dollar strength, which is coming from higher US Treasury yields.
Bull case: softer US data and a decline in Treasury yields from the US end, boosted by stronger-than-expected Chinese stimulus measures and an improved environment for risk appetite, will cause commodity currencies such as the AUD to outperform while leading to weakness on the US Dollar.
Bear case: geopolitical escalation that leads to more flight to safety, stronger-than-expected US economic data, and a further rise in Treasury yields will boost the greenback. If there is no support from Chinese economic data, the AUD will be offered, creating a situation where the pair will slide below current support levels.
AUD/USD Technical Outlook Price remains in a medium-term uptrend. However, the latest round of USD strength has kept the pair range-bound, with the 0.7130 resistance and prior highs of 15 August 2022 and 30 January 2023 acting as the upper boundary. The 19 June 2023/16 September 2024 price highs at 0.6886 form the lower boundary.
Fig 1: AUD/USD weekly chart showing key price levels (snapshot taken on 23 July 2026) The bulls need to uncap the upper boundary at 0.7130 to clear a path to the May 2026 high at 0.7276. Beyond this barrier, the next resistance comes in at the November 2021/March 2022 high at 0.7547.
On the flip side, a breakdown of the 0.6886 support unlocks access to downside targets at 0.6796, followed by 0.6596 if the retracement is more extensive. Below this price mark, which is formed by the low of 15 December 2025, a further pivot that holds the lows of May-November 2025 is showcased at 0.6410.
One crypto analyst says Hedera’s HBAR is approaching a critical test, with a potential $268 million token release looming in the current quarter. The figure comes from Hedera’s own Treasury Management Report. The latest forecast shows 4.07 billion HBAR scheduled for release in Q3 2026. Around 3.88 billion HBAR is tied to the ecosystem development program. This funding goes primarily to the Hedera Foundation.
The Release Story Is Not That SimpleThe analyst stressed that “released” does not mean sold. According to Hedera’s definition, tokens are considered released when they move from accounts controlled by the Hedera Council to accounts controlled by another party, often the Foundation. Those tokens can still be held for months or quarters.
The analyst also noted that Hedera does not itself define or use the term “circulating supply.” Therefore, the supply figures reported by different trackers may rely on their own definitions.
The latest forecast would represent the second-largest quarterly release in Hedera’s history, behind Q1 2023. However, past forecasts have not always matched actual movements. A projected 4 billion HBAR release in Q2 ultimately saw only 186 million HBAR move. The previous quarter forecast 3.72 billion HBAR, while actual movement was around 383 million.
The analyst says this leaves two possibilities: the Foundation may be deliberately slowing distribution, which could reduce immediate selling pressure. Alternatively, the forecast column may be unreliable.
Treasury Is Nearly SpentIf the latest forecast is completed, around 47.5 billion of the 50 billion pre-mined HBAR would be distributed. This would leave just 2.4 billion, or less than 5%, unreleased. However, the original distribution schedule runs until roughly 2033. Moreover, Hedera only publishes one forecast quarter at a time.
The analyst also challenged claims that a previous HBAR release triggered a 700% rally. HBAR rose from roughly $0.05 to $0.39 between September and December 2024, but the 3.97 billion HBAR release came afterward in Q1 2025, followed by an 83% decline to around $0.0612.
The Bigger Question Is Network RevenueThe analyst’s biggest concern is whether Hedera can eventually fund itself through network fees. Current fees were around $1,354 per day, or roughly $1.5 million annually, against a market capitalization near $3 billion.
Fees are not burned. They are distributed to staking rewards, node rewards and the network treasury. Hedera also raised a major transaction fee from 0.1 to 0.8 in January to improve long-term sustainability.
Overall, the analyst remains open to the bullish case, noting that released tokens are not automatically sold and fees could grow rapidly. But the core takeaway is clear: after eight years of Treasury-funded operations, Hedera must increasingly prove that its network activity can pay the bills itself.
Story Ends Here
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Pi Network activated Protocol v25 on July 22, its latest major upgrade of 2026, yet PI stalled below $0.10 after a rally carried the token briefly beyond that level.
The result echoed earlier upgrades. Recent protocol releases drew trader interest but failed to produce a lasting price gain.
Pi Coin’s Rally Stalls Amid Protocol Upgrade PI slipped to an all-time low of $0.0705 on July 14. It recovered through the following week, briefly spiking to an intraday high of $0.103 on July 19, but failed to hold the level
Buyers positioned into the July 22 upgrade, a dated catalyst that gave the market a clear event to trade around. Both price and volume increased before the release landed.
Pi coin has since eased back toward $0.0918, unable to reclaim the $0.10 level it briefly tagged.
Pi Network Price Performance. Source: BeInCrypto MarketsVolume tells the same story. Daily volume rose to $33.7 million on July 20, then fell to about $18.5 million on launch day and has been lower since. Buyer interest thinned as the event passed.
Protocol v24 followed a similar pattern in June. PI posted modest gains ahead of the upgrade, only to resume its downtrend.
Why the Pi Network Upgrade Struggles to Move PriceProtocol v25 introduces BN254 cryptography and Poseidon hashing, the building blocks for building modern zero-knowledge applications. The Pi Core Team also shipped a redesigned mining app for its 60 million Pioneers.
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Pi Mainnet Blockchain has now been upgraded to Protocol 25.
Also, the Clarity Act is ready to be passed; Trump has agreed to the ethics requirement in the updated draft which bans all federal officials including the President from issuing or sponsoring digital assets for profit pic.twitter.com/bfuIN4XBsG
— Woody Lightyear 𝛑 (@WoodyLightyearx) July 22, 2026 The improvements are real, yet the price response was muted. The answer lies in broader market forces and PI’s own supply.
Exchange flows show little sign of forced selling. Tracked exchange wallets recorded a net outflow of about 260,000 PI over 24 hours, a minor move against balances near 540 million PI.
The pressure sits further out. According to PiScan, roughly 1.71 billion PI, worth about $157 million, is scheduled to unlock over the next 12 months, with the heaviest single month near 432 million PI in December 2027.
That steady release meets a thin market, capping rallies regardless of upgrade news. The same overhang blunted earlier releases.
Development news drives short-term bounces, while unlock supply sets the ceiling. Whether v25 can convert utility into demand remains the open question for the weeks ahead.
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TD Securities’ Bart Melek notes that Gold has rebounded on dip buying and short covering after key technical support held, with prices near $4,150/oz. He highlights that Middle East tensions and central bank reserve diversification are supporting the metal, but warns that rising Oil prices, higher Fed hike probabilities and stronger yields should limit upside and keep resistance around $4,200/oz intact.
Dip buying meets rate headwinds"Gold jumped 3.5% from Tuesday's lows to trade at around $4,150/oz at the time of writing. This rally does not seem to be an aggressive extension of long positions, but is rather driven by short covering and dip buying, after technical supports held during the preceding selloff."
"Gold rallied on dip-buying as key technical support held amid Middle East tensions, with traders increasingly discounting the risk that higher energy prices will prompt the Fed to raise rates this year. Surprisingly, this was occurring as the market was pricing a higher probability of a Fed hike in September."
"There are no fundamental reasons to think that the U.S. rate and FX environment will be conducive to increasing long gold exposure any time soon. Indeed, it is likely that the Middle East war-driven oil price increases will continue to increase the probability of a Fed rate hike."
"This will likely make it hard for price to break through $4,200/oz resistance. In fact, the higher rate environment suggests that the yellow metal may again be destined to drop back to support at around $3,900/oz, before any new highs occur some twelve months from now."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
USD/ZAR entered a three-day losing streak after failing to breach key technical resistance at 16.60, a solid barrier since mid-May Persistent weakness in the US dollar cross could push USD/ZAR down toward the 16.20 support zone during upcoming central bank updates High domestic interest rates, political stability under a coalition government, and strong precious metal exports have driven the rand's 6% year-to-date gain The USD/ZAR currency pair has seen a three-day decline, failing to break through the significant 16.60 resistance level that has been in place since mid-May. This is occurring even as the US dollar shows general strength against other major currencies, indicating a notable resilience from the South African rand. The rand’s performance has contributed to a year-to-date depreciation of the USD/ZAR pair by over 6%.
This dynamic invites closer examination of the underlying forces at play. What is driving the pair’s current momentum, and what broader signals does it convey about the economies involved? Looking ahead, investors must consider both near-term and medium-term prospects to inform their positioning.
What Is Driving the Rand’s Outperformance? The rand’s current strength stems from a blend of domestic political stability, appealing yield differences, and strong commodity exports. In May, South Africa’s Reserve Bank surprised markets, hiking rates for the first time in three years. After a split vote, it pushed the repo rate to 7.00%.
That wasn’t a random decision. June’s inflation hit a two-year high of 5.0%, hotter than the 4.7% economists had penciled in. Many analysts now expect a second consecutive hike this week. Higher South African rates make the rand more appealing to carry traders seeking yield, propping up the currency even with soft domestic growth.
Globally, expectations for potential interest rate cuts by the US Federal Reserve, influenced by softening labor market data and moderating inflation, have reduced upward pressure on the US dollar. While the dollar remains a key safe-haven asset, its recent trend has moderated, allowing currencies from emerging markets with higher yields, such as the rand, to perform better.
The Federal Reserve maintained its interest rate range at 3.50%–3.75% in its June meeting. Although the projected rate path still suggests one more increase this year, a weaker-than-expected June jobs report of only 57,000 new positions has tempered expectations of aggressive rate hikes.
Firmer gold prices also boost the rand. South Africa benefits directly from strong worldwide demand and favorable prices for precious metals, especially gold and platinum group metals. Healthy export revenues have helped shore up the national trade balance and brought in steady foreign currency.
Near-Term and Medium-Term Outlook Looking ahead, the South African Reserve Bank’s (SARB) upcoming policy decision this week is a key factor in the near term. A further 25-basis-point rate increase would likely sustain rand support and keep USD/ZAR below 16.60 until the Federal Reserve’s July meeting. Any indications from the Fed signaling potential rate cuts could lead to a downward revision for USD/ZAR, potentially testing the 16.20 support level.
Over the medium term, the pair’s trajectory will depend heavily on global risk appetite and commodity demand. If South Africa successfully implements structural reforms in its energy and logistics sectors and global central banks begin to ease monetary policy, the rand may continue to appreciate.
What has driven USD/ZAR’s recent losing streak?
Strong rand performance from commodity exports, SARB policy, and moderating US dollar strength have kept the pair below 16.60 resistance.
What domestic monetary factor attracts global investors to the South African rand?
Elevated interest rates set by the South African Reserve Bank offer an attractive carry trade yield for foreign investors.
What triggered the SARB’s first rate hike in three years?
Inflation accelerated to a two-year high of 5.0% in June, prompting policymakers to hike rates to protect price stability and currency credibility.
Italské bankovní skupině UniCredit klesl za duben až červen čistý zisk meziročně o 13,1 procenta na 2,9 miliardy eur (70,2 miliardy Kč), výsledky však překonaly očekávání analytiků. Banka současně v dnešní tiskové zprávě mírně zvýšila celoroční výhled zisku.
Analytici očekávali zisk 2,8 miliardy eur. Výnosy pak stouply o 6,6 procenta na 6,5 miliardy eur, hlavně díky růstu výnosů z poplatků.
UniCredit už téměř dva roky usiluje o převzetí německé Commerzbank, narazila však na odpor banky i německé vlády. V květnu předložila nabídku na převzetí za 38,6 miliardy eur, kterou ředitelka Commerzbank Bettina Orloppová označila za nízkou.
UniCredit zrušila plánovaný odkup akcií za 4,75 miliardy eur, který předtím pozastavila do vyjasnění výsledků nabídky na Commerzbank. Dodala, že investice do německé banky jí vynese zhruba 15 procent, což je více, než by získala odkupem vlastních akcií.
Za celý rok UniCredit očekává růst zisku na výrazně více než 11 miliard eur. Doposud uváděla, že zisk bude nejméně 11 miliard eur. V roce 2028 by pak zisk měl stoupnout výrazně nad 13 miliard eur.
UniCredit do začátku července získala z dobrovolné nabídky na převzetí 17,6 procenta akcií Commerzbank. Spolu s dříve vlastněným podílem tak vlastní více než 44 procent Commerzbank a prostřednictvím opčních smluv má zajištěn přístup k dalším akciím, které jí umožňují zvýšit podíl na téměř 48 procent. To by jí výrazně přiblížilo získání faktické kontroly nad německou bankou.
Generální ředitel italské banky Andrea Orcel uvedl, že chce jednat s německou vládou a zástupci zaměstnanců Commerzbank o převzetí. To by podle banky mohlo být dokončeno už ve čtvrtém čtvrtletí letošního roku, pokud získá souhlas regulátorů včetně Evropské centrální banky (ECB). UniCredit má pak v úmyslu co nejdříve zahájit realizaci své strategie pro Commerzbank a v případě potřeby je také připravena svolat mimořádnou valnou hromadu.
Cinemark (NYSE:CNK – Get Free Report) will likely be releasing its Q2 2026 results before the market opens on Thursday, July 30th. Analysts expect Cinemark to post earnings of $0.99 per share and revenue of $1.0279 billion for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 30, 2026 at 8:30 AM ET.
Cinemark (NYSE:CNK – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The business had revenue of $643.10 million during the quarter, compared to analyst estimates of $632.74 million. During the same period in the prior year, the business posted ($0.32) earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts expect Cinemark to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Cinemark Price Performance NYSE CNK opened at $32.24 on Thursday. Cinemark has a twelve month low of $21.60 and a twelve month high of $34.73. The company has a debt-to-equity ratio of 5.03, a quick ratio of 0.58 and a current ratio of 0.62. The stock has a market capitalization of $3.77 billion, a PE ratio of 28.53 and a beta of 0.98. The stock has a 50-day simple moving average of $30.45 and a 200 day simple moving average of $27.98.
Cinemark Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $0.36 dividend on an annualized basis and a yield of 1.1%. Cinemark’s dividend payout ratio (DPR) is 31.86%.
Hedge Funds Weigh In On Cinemark Large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV grew its holdings in shares of Cinemark by 17.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 17,683 shares of the company’s stock worth $411,000 after purchasing an additional 2,674 shares in the last quarter. Delta Global Management LP increased its position in shares of Cinemark by 2.6% during the fourth quarter. Delta Global Management LP now owns 92,928 shares of the company’s stock valued at $2,160,000 after purchasing an additional 2,381 shares during the period. XTX Topco Ltd raised its stake in shares of Cinemark by 1,056.3% in the fourth quarter. XTX Topco Ltd now owns 105,383 shares of the company’s stock valued at $2,449,000 after purchasing an additional 96,269 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Cinemark by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 9,536,900 shares of the company’s stock valued at $221,638,000 after purchasing an additional 742,307 shares in the last quarter. Finally, Sora Investors LLC acquired a new position in shares of Cinemark in the fourth quarter valued at $1,234,000.
Wall Street Analysts Forecast Growth CNK has been the subject of a number of research analyst reports. Benchmark upped their price target on Cinemark from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Wall Street Zen upgraded shares of Cinemark from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $31.00 target price (down from $36.00) on shares of Cinemark in a research report on Thursday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cinemark in a research note on Wednesday, June 24th. Finally, Barrington Research reissued an “outperform” rating and issued a $36.00 price target on shares of Cinemark in a report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.58.
Check Out Our Latest Report on Cinemark
Cinemark Company Profile (Get Free Report)
Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.
The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.
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Teleflex Incorporated (NYSE:TFX – Get Free Report) has earned an average rating of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $148.00.
A number of research firms have commented on TFX. Weiss Ratings reiterated a “sell (d)” rating on shares of Teleflex in a report on Wednesday, June 24th. Wall Street Zen upgraded Teleflex from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Zacks Research upgraded Teleflex from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Piper Sandler raised Teleflex from a “neutral” rating to an “overweight” rating and increased their price target for the company from $140.00 to $160.00 in a report on Monday, June 8th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $150.00 price objective on shares of Teleflex in a research report on Friday, May 8th.
Check Out Our Latest Report on Teleflex
Teleflex Price Performance Teleflex stock opened at $135.24 on Thursday. Teleflex has a 52-week low of $100.18 and a 52-week high of $139.67. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of -5.93, a PEG ratio of 1.00 and a beta of 0.82. The company has a fifty day simple moving average of $130.79 and a 200-day simple moving average of $120.74. The company has a quick ratio of 2.03, a current ratio of 2.55 and a debt-to-equity ratio of 0.82.
Teleflex (NYSE:TFX – Get Free Report) last issued its earnings results on Thursday, May 7th. The medical technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.18. The business had revenue of $548.30 million during the quarter, compared to analysts’ expectations of $536.91 million. Teleflex had a negative net margin of 35.88% and a positive return on equity of 13.29%. The company’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. Teleflex has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities analysts anticipate that Teleflex will post 6.7 EPS for the current fiscal year.
Teleflex Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 25th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.0%. Teleflex’s dividend payout ratio (DPR) is -5.96%.
Institutional Inflows and Outflows Institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in Teleflex by 1.1% during the first quarter. Janus Henderson Group PLC now owns 4,291,311 shares of the medical technology company’s stock worth $513,281,000 after purchasing an additional 45,199 shares during the period. AQR Capital Management LLC boosted its holdings in Teleflex by 478.1% in the 3rd quarter. AQR Capital Management LLC now owns 2,366,131 shares of the medical technology company’s stock valued at $287,603,000 after purchasing an additional 1,956,811 shares during the last quarter. State Street Corp boosted its holdings in Teleflex by 1.5% in the 4th quarter. State Street Corp now owns 1,478,776 shares of the medical technology company’s stock valued at $180,470,000 after purchasing an additional 22,111 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Teleflex by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,250,665 shares of the medical technology company’s stock valued at $152,630,000 after buying an additional 5,051 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Teleflex by 10.6% in the 4th quarter. Geode Capital Management LLC now owns 985,684 shares of the medical technology company’s stock valued at $120,312,000 after buying an additional 94,679 shares during the period. Institutional investors and hedge funds own 95.62% of the company’s stock.
About Teleflex (Get Free Report)
Teleflex Incorporated is a diversified global provider of medical technologies, specializing in critical care and surgery. Headquartered in Wayne, Pennsylvania, the company designs, manufactures and distributes devices and solutions used by healthcare professionals in hospital, ambulatory and alternate site settings. Teleflex focuses on delivering products that support complex interventional procedures and improve patient outcomes.
The company’s offerings span several key segments, including Interventional Urology, Respiratory & Anesthesia, Surgical, Cardiac Care, Vascular and Original Equipment Manufacturer (OEM) solutions.
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California Water Service Group (NYSE:CWT – Get Free Report) is projected to post its Q2 2026 results before the market opens on Thursday, July 30th. Analysts expect the company to announce earnings of $0.79 per share and revenue of $283.50 million for the quarter. Interested persons can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, July 30, 2026 at 11:00 AM ET.
California Water Service Group (NYSE:CWT – Get Free Report) last posted its earnings results on Thursday, April 30th. The utilities provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.18). The company had revenue of $214.57 million during the quarter, compared to the consensus estimate of $210.27 million. California Water Service Group had a return on equity of 7.06% and a net margin of 11.77%.The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS. On average, analysts expect California Water Service Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
California Water Service Group Price Performance Shares of CWT opened at $51.02 on Thursday. The firm has a fifty day simple moving average of $46.78 and a two-hundred day simple moving average of $45.62. The firm has a market cap of $3.05 billion, a PE ratio of 25.51, a P/E/G ratio of 1.86 and a beta of 0.51. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 0.87. California Water Service Group has a 1-year low of $41.29 and a 1-year high of $52.51.
California Water Service Group Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 11th were issued a $0.335 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.34 annualized dividend and a dividend yield of 2.6%. California Water Service Group’s payout ratio is presently 67.00%.
Wall Street Analysts Forecast Growth A number of research firms recently commented on CWT. Wall Street Zen upgraded California Water Service Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings raised California Water Service Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 12th. Finally, Robert W. Baird set a $54.00 price target on California Water Service Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, California Water Service Group presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.
Get Our Latest Stock Report on California Water Service Group
Insider Activity at California Water Service Group In related news, Director Thomas M. Krummel sold 3,700 shares of California Water Service Group stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $43.30, for a total transaction of $160,210.00. Following the transaction, the director directly owned 23,805 shares in the company, valued at approximately $1,030,756.50. The trade was a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lester A. Snow sold 1,100 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $44.00, for a total value of $48,400.00. Following the sale, the director directly owned 18,316 shares of the company’s stock, valued at $805,904. This represents a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.78% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows Several institutional investors have recently made changes to their positions in CWT. Algert Global LLC raised its stake in California Water Service Group by 17.9% during the 3rd quarter. Algert Global LLC now owns 6,257 shares of the utilities provider’s stock worth $287,000 after acquiring an additional 950 shares during the period. Entropy Technologies LP bought a new position in shares of California Water Service Group in the third quarter worth approximately $288,000. Russell Investments Group Ltd. boosted its position in shares of California Water Service Group by 214.8% in the third quarter. Russell Investments Group Ltd. now owns 6,259 shares of the utilities provider’s stock worth $287,000 after purchasing an additional 4,271 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of California Water Service Group by 664.7% in the second quarter. Tower Research Capital LLC TRC now owns 6,286 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 5,464 shares in the last quarter. Finally, Oxford Asset Management LLP purchased a new stake in shares of California Water Service Group in the second quarter worth $234,000. Institutional investors own 82.78% of the company’s stock.
About California Water Service Group (Get Free Report)
California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end‐to‐end water supply operations—from source development and treatment to distribution and customer service.
Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor‐owned water utilities in the United States by customer count.
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Edison International (NYSE:EIX – Get Free Report) has received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $72.6364.
A number of research firms recently issued reports on EIX. Wells Fargo & Company reaffirmed an “underweight” rating and set a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. boosted their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $69.00 price target on shares of Edison International in a report on Wednesday. Finally, Barclays lifted their price target on Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th.
View Our Latest Analysis on Edison International
Hedge Funds Weigh In On Edison International Several large investors have recently modified their holdings of EIX. Groupe la Francaise bought a new stake in Edison International in the first quarter worth $29,000. 10Elms LLP bought a new position in Edison International during the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC increased its position in Edison International by 170.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 281 shares during the last quarter. Altshuler Shaham Ltd raised its stake in shares of Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 155 shares during the period. Finally, Quest 10 Wealth Builders Inc. lifted its holdings in shares of Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 702 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.
Edison International Stock Performance NYSE:EIX opened at $80.45 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. Edison International has a 1 year low of $51.01 and a 1 year high of $80.90. The stock’s 50 day simple moving average is $73.18 and its two-hundred day simple moving average is $70.19. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 8.74, a PEG ratio of 6.07 and a beta of 0.66.
Edison International (NYSE:EIX – Get Free Report) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the company earned $1.37 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.
Edison International Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is presently 38.11%.
About Edison International (Get Free Report)
Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.
The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.
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Berkshire Builds a Moat Around HomebuildersTaylor Morrison Home NYSE: TMHC stockholders approved the company’s proposed merger agreement with Berkshire Hathaway Inc. during a special meeting held at 8:00 a.m. Pacific Time, according to remarks from company executives at the meeting.
Sheryl Palmer, Taylor Morrison’s chairman and chief executive officer, called the 2026 special meeting of stockholders to order and outlined the proposals presented for a vote. The primary item was the adoption of the agreement and plan of merger dated May 31, 2026, among Taylor Morrison Home Corporation, Berkshire Hathaway Inc. and WXYZ Merger Sub Inc., a wholly owned subsidiary of Berkshire Hathaway.
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Taylor Morrison: A Home Building Stock You Can Buy at a DiscountUnder the agreement described at the meeting, WXYZ Merger Sub Inc. will merge with and into Taylor Morrison, with Taylor Morrison surviving the merger as a wholly owned subsidiary of Berkshire Hathaway. Palmer said the company’s board of directors unanimously recommended that stockholders vote in favor of the merger proposal.
Stockholders Approve Merger Proposal Todd Merrill, Taylor Morrison’s chief legal officer and secretary, served as secretary and inspector of election for the meeting. Merrill said the board had fixed June 22, 2026, as the record date for stockholders entitled to vote. As of that date, Taylor Morrison had 91,999,956 shares of common stock outstanding and entitled to vote.
KB Home: Building on Strong Foundations During Volatile TimesMerrill also said Broadridge, the company’s mailing and tabulation agent, informed Taylor Morrison that a majority of the voting power of outstanding common stock entitled to vote was present in person or represented by proxy at the meeting.
After the polls closed at 8:07 a.m. Pacific Time, Merrill reported that stockholders had voted in favor of the agreement and plan of merger. Palmer then declared the merger agreement approved.
Executive Compensation Vote Also Passes Stockholders also approved, on a non-binding advisory basis, compensation that may be paid or become payable to Taylor Morrison’s named executive officers in connection with the merger.
Palmer said the board unanimously recommended that stockholders vote for the advisory compensation proposal. Merrill reported that holders of a majority of shares present in person or by proxy and entitled to vote on the matter had voted in favor of the advisory executive compensation proposal.
A third proposal, which would have allowed the company to adjourn the meeting under certain circumstances, was not considered. Palmer said it would not be necessary to take up that proposal.
No Stockholder Questions Submitted During the meeting, stockholders were given the opportunity to submit questions through the web portal regarding the proposals. Palmer said there were no questions on the proposals and no further business before the meeting before moving to the final vote.
The meeting was attended by several members of Taylor Morrison’s board of directors, including Peter Lane, Anne Mariucci, Heather Ostis, Andrea Owen, Denise Warren, Amanda Whalen and Christopher Yip. Curt VanHyfte, the company’s chief financial officer, also attended.
Palmer said the company would report the final vote results in a Form 8-K filing within four business days. The meeting was adjourned following the vote announcements.
About Taylor Morrison Home (NYSE:TMHC)Taylor Morrison Home Corporation NYSE: TMHC is a leading national homebuilder and developer specializing in the design, construction and sale of single-family detached and attached homes. The company's portfolio spans entry-level, first-time, move-up and active-adult segments, offering buyers a diverse array of architectural styles, floor plans and personalized design options. Through its vertically integrated model, Taylor Morrison manages land acquisition, community development, construction and sales to deliver quality homes and customer-focused experiences across its markets.
The company's heritage traces back to Morrison Homes, founded in 1977, and Taylor Woodrow, established in 1921 in the United Kingdom.
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Shares of Freshpet, Inc. (NASDAQ:FRPT – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $74.25.
A number of research firms recently weighed in on FRPT. Piper Sandler reaffirmed an “overweight” rating on shares of Freshpet in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $63.00 price objective on shares of Freshpet in a report on Thursday, May 7th. DA Davidson raised Freshpet to a “strong-buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. upgraded Freshpet from a “neutral” rating to an “overweight” rating and increased their target price for the company from $66.00 to $68.00 in a research report on Thursday, May 7th. Finally, Bank of America decreased their target price on Freshpet from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st.
View Our Latest Report on Freshpet
Insider Buying and Selling at Freshpet In related news, CEO William B. Cyr sold 42,907 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.92, for a total value of $2,056,103.44. Following the transaction, the chief executive officer directly owned 204,585 shares of the company’s stock, valued at approximately $9,803,713.20. This trade represents a 17.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have bought 4,211 shares of company stock worth $215,027 and have sold 235,262 shares worth $11,664,591. 4.30% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Freshpet Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Freshpet by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 5,281,833 shares of the company’s stock valued at $321,822,000 after buying an additional 128,499 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Freshpet by 30.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,952,767 shares of the company’s stock valued at $118,982,000 after purchasing an additional 461,444 shares during the period. Impax Asset Management Group plc increased its position in Freshpet by 100.0% during the fourth quarter. Impax Asset Management Group plc now owns 140,000 shares of the company’s stock worth $8,530,000 after purchasing an additional 70,000 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Freshpet by 107.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 193,584 shares of the company’s stock worth $11,795,000 after acquiring an additional 100,260 shares during the period. Finally, Fortis Group Advisors LLC acquired a new stake in Freshpet during the fourth quarter worth $1,722,000.
Freshpet Trading Down 1.6% Shares of Freshpet stock opened at $57.71 on Thursday. The firm has a 50-day simple moving average of $53.41 and a two-hundred day simple moving average of $62.66. The company has a market cap of $2.84 billion, a P/E ratio of 15.43 and a beta of 1.60. Freshpet has a fifty-two week low of $46.45 and a fifty-two week high of $86.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.26 and a current ratio of 6.18.
About Freshpet (Get Free Report)
Freshpet Inc (NASDAQ: FRPT) is a leading pet food company specializing in fresh, refrigerated meals and treats for dogs and cats. The company’s products are formulated with carefully selected, natural ingredients and are designed to offer a higher level of nutrition and freshness than traditional dry or canned pet foods. Freshpet’s offerings include refrigerated rolls, pâtés and snacks, all of which are sold through the refrigerated section of grocery, mass-market and pet specialty stores.
Freshpet’s product portfolio is built around the concept of fresh, minimally processed recipes that do not require preservatives or artificial colors.
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Shares of Mercury Systems Inc (NASDAQ:MRCY – Get Free Report) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $95.7778.
Several brokerages have recently issued reports on MRCY. Wall Street Zen lowered Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Jefferies Financial Group reissued a “hold” rating and issued a $115.00 price target on shares of Mercury Systems in a report on Friday, July 10th. JPMorgan Chase & Co. increased their price target on shares of Mercury Systems from $99.00 to $101.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. The Goldman Sachs Group raised their price objective on shares of Mercury Systems from $60.00 to $68.00 and gave the stock a “sell” rating in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mercury Systems in a research report on Friday, July 17th.
Get Our Latest Research Report on Mercury Systems
Mercury Systems Price Performance Mercury Systems stock opened at $98.92 on Thursday. Mercury Systems has a 52 week low of $50.13 and a 52 week high of $128.45. The company’s 50 day moving average price is $107.80 and its two-hundred day moving average price is $93.44. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.40. The stock has a market cap of $5.94 billion, a P/E ratio of -412.17 and a beta of 0.93.
Mercury Systems (NASDAQ:MRCY – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.21. The company had revenue of $235.76 million during the quarter, compared to the consensus estimate of $208.56 million. Mercury Systems had a positive return on equity of 2.22% and a negative net margin of 1.46%.Mercury Systems’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the business posted $0.06 earnings per share. On average, equities analysts predict that Mercury Systems will post 0.35 earnings per share for the current year.
Insider Activity In other news, Director Howard L. Lance sold 9,250 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $99.76, for a total transaction of $922,780.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Ratner sold 2,000 shares of Mercury Systems stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $92.46, for a total transaction of $184,920.00. Following the completion of the sale, the executive vice president directly owned 32,238 shares in the company, valued at $2,980,725.48. This trade represents a 5.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,250 shares of company stock valued at $1,733,220 in the last three months. Company insiders own 1.40% of the company’s stock.
Institutional Inflows and Outflows A number of institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of Mercury Systems by 12.1% during the 4th quarter. State Street Corp now owns 3,423,600 shares of the technology company’s stock worth $249,957,000 after acquiring an additional 368,242 shares during the period. Invesco Ltd. raised its stake in Mercury Systems by 25.1% in the 4th quarter. Invesco Ltd. now owns 1,910,742 shares of the technology company’s stock valued at $139,503,000 after acquiring an additional 383,299 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Mercury Systems by 1.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,542,851 shares of the technology company’s stock valued at $112,644,000 after purchasing an additional 21,182 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Mercury Systems by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 1,368,659 shares of the technology company’s stock valued at $99,940,000 after purchasing an additional 47,174 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in Mercury Systems by 46.9% during the first quarter. Segall Bryant & Hamill LLC now owns 934,824 shares of the technology company’s stock worth $68,158,000 after purchasing an additional 298,298 shares during the period. Hedge funds and other institutional investors own 95.99% of the company’s stock.
Mercury Systems Company Profile (Get Free Report)
Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.
Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.
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Spectrum Brands Holdings Inc. (NYSE:SPB – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $77.09 and traded as high as $89.45. Spectrum Brands shares last traded at $89.1950, with a volume of 235,650 shares changing hands.
Analyst Ratings Changes Several equities research analysts have weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of Spectrum Brands from $100.00 to $99.00 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $81.00 price objective on shares of Spectrum Brands in a research report on Friday, May 8th. Weiss Ratings raised shares of Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Wells Fargo & Company increased their target price on shares of Spectrum Brands from $80.00 to $85.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen cut Spectrum Brands from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Spectrum Brands has an average rating of “Moderate Buy” and a consensus price target of $87.00.
Check Out Our Latest Research Report on SPB
Spectrum Brands Stock Performance The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.05 billion, a P/E ratio of 17.02, a P/E/G ratio of 2.79 and a beta of 0.64. The business has a fifty day moving average of $82.59 and a 200 day moving average of $77.09.
Spectrum Brands (NYSE:SPB – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.21. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. The business had revenue of $708.90 million for the quarter, compared to analysts’ expectations of $676.45 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Spectrum Brands Holdings Inc. will post 5.32 EPS for the current year.
Spectrum Brands Announces Dividend The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.1%. Spectrum Brands’s payout ratio is presently 35.88%.
Insider Activity In related news, CEO David M. Maura purchased 2,500 shares of Spectrum Brands stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $72.85 per share, for a total transaction of $182,125.00. Following the completion of the transaction, the chief executive officer directly owned 790,708 shares of the company’s stock, valued at $57,603,077.80. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.
Institutional Trading of Spectrum Brands Several large investors have recently bought and sold shares of the company. Manning & Napier Advisors LLC lifted its stake in shares of Spectrum Brands by 9.1% in the 4th quarter. Manning & Napier Advisors LLC now owns 300,000 shares of the company’s stock valued at $17,724,000 after purchasing an additional 25,000 shares during the period. Generali Investments CEE investicni spolecnost a.s. grew its stake in Spectrum Brands by 91.7% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 47,935 shares of the company’s stock worth $2,832,000 after purchasing an additional 22,935 shares during the period. Gamco Investors INC. ET AL grew its stake in Spectrum Brands by 8.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 354,082 shares of the company’s stock worth $20,919,000 after purchasing an additional 28,569 shares during the period. LSV Asset Management raised its holdings in Spectrum Brands by 2.9% in the fourth quarter. LSV Asset Management now owns 602,980 shares of the company’s stock worth $35,624,000 after purchasing an additional 17,100 shares in the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Spectrum Brands during the fourth quarter valued at $6,242,000.
Spectrum Brands Company Profile (Get Free Report)
Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.
Read More Five stocks we like better than Spectrum Brands Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.
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The New Zealand Dollar (NZD) extends losses for the third consecutive day against the US Dollar (USD) on Thursday, with the NZD/USD pair dipping below 0.5800, after being rejected at the 0.5875 area earlier in the week. The Kiwi Dollar is giving away previous gains as higher Oil prices and concerns about the escalation of the Middle East conflict have offset the positive impact of the hawkish Reserve Bank of New Zealand's (RBNZ) monetary policy stance.
The dismal market mood is finally taking a toll on the risk-sensitive Kiwi, as tensions in the Middle East remain high and reports of attacks on vessels sailing through the Red Sea raise concerns that the conflict might extend through the region, boosting fears of disruptions in Oil supply.
Against this background, the barrel of Brent Oil has crossed the $90 line for the first time in the last six weeks. This has prompted investors to shift their focus from inflation to the negative impact on economic growth of another energy shock, which will, ultimately, limit the central bank’s margin to tighten its monetary policy.
Technical Analysis: Key support is at the 0.5750 area
NZD/USD trades just below 0.5800, with bears gathering pace as intraday momentum indicators tread further within negative territory. The 4-hour Relative Strength Index (14) has retreated to 35, approaching oversold levels, while the Moving Average Convergence Divergence (MACD) remains slightly negative, altogether hinting at waning downside momentum but not yet at a clear reversal.
The pair might find some support at previous resistance around 0.5790 (July 10, 13 highs), although the key support area lies at the confluence of the immediate trendline support and the July 13 low, in the area of 0.5750. A confirmation below here would put bears in control, and bring the July 6 and 8 lows, around 0.5675, into focus.
Upside attempts, on the contrary, have been contained below 0.5825 on Thursday, while the key resistance area is in the area between the 61.8% Fibonacci retracement of the June selloff, at 0.5855, and Tuesday's high, at the mentioned 0.5875, which has capped bulls several times during the current month.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
New Zealand Dollar Price Today The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Japanese Yen.
USDEURGBPJPYCADAUDNZDCHFUSD-0.08%0.02%0.11%-0.13%-0.08%0.26%0.05%EUR0.08%0.11%0.21%-0.05%0.00%0.36%0.13%GBP-0.02%-0.11%0.11%-0.17%-0.11%0.25%0.02%JPY-0.11%-0.21%-0.11%-0.25%-0.20%0.13%-0.08%CAD0.13%0.05%0.17%0.25%0.04%0.39%0.16%AUD0.08%-0.00%0.11%0.20%-0.04%0.36%0.16%NZD-0.26%-0.36%-0.25%-0.13%-0.39%-0.36%-0.24%CHF-0.05%-0.13%-0.02%0.08%-0.16%-0.16%0.24% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).