Blockonomi

TLDR
Fortinet stock jumps 11% after hours as second-quarter growth beats expectations
Product revenue climbs 52% as demand strengthens across security platforms globally
Quarterly revenue rises 26% to $2.05 billion on stronger product sales momentum
Billings increase 33% to $2.37 billion as customer security spending accelerates
Fortinet keeps 2026 guidance firm with annual revenue projected above $8.02 billion
Fortinet (FTNT) stock rose 2.16% to close at $153.22, then surged 11.00% after hours to $170.08. The move followed strong second-quarter growth across revenue, product sales, billings, earnings, and cash generation. Demand for integrated cybersecurity platforms strengthened as enterprises expanded network, cloud, endpoint, and security operations spending.
Fortinet, Inc., FTNT
Fortinet Revenue and Earnings Accelerate
Fortinet reported second-quarter revenue of $2.05 billion, representing 26% growth from the previous year. Product revenue climbed 52% to $773 million, reflecting stronger demand for hardware and integrated security systems. Meanwhile, billings increased 33% to $2.37 billion, showing continued customer spending and contract activity.
The company posted a 34% GAAP operating margin and a 38% non-GAAP operating margin. GAAP earnings per share rose 44% to $0.82, while adjusted earnings increased 41% to $0.90. Therefore, Fortinet converted faster sales growth into stronger profitability during the quarter.
Operating cash flow reached $1.04 billion, while free cash flow totaled $966 million. These results gave Fortinet additional capacity to fund development, partnerships, and product expansion. At the same time, the cash performance supported Fortinet stock’s sharp after-hours rally following the earnings release.
Cybersecurity Products Expand Fortinet’s Market Reach
Fortinet expanded its platform during the quarter through new firewall, endpoint, and security operations products. The FortiGate 1200G series combined local enforcement with cloud-delivered security for hybrid infrastructure and sovereignty requirements. In addition, FortiSOC brought six security operations functions into one cloud-delivered platform.
FortiEndpoint also combined several endpoint security tools into one agent for simpler risk management. The product targets teams managing data protection, device security, and broader technology adoption. Together, these launches strengthened Fortinet’s position across networking, endpoint protection, and security operations.
Fortinet also started a strategic collaboration with Intel to develop its sixth-generation security processor. The agreement combines Fortinet’s processor knowledge with Intel’s design, packaging, development, and manufacturing capabilities. Consequently, Fortinet expects faster processor development and a more resilient global supply chain.
Fortinet Guidance Supports Continued Growth
For the third quarter, Fortinet projected revenue between $2.01 billion and $2.10 billion. The company expects billings between $2.25 billion and $2.35 billion during the same period. It also forecast adjusted earnings between $0.83 and $0.87 per diluted share.
Fortinet expects a third-quarter non-GAAP gross margin between 79% and 81%. It also projected a non-GAAP operating margin between 35% and 37%. These ranges indicate management expects profitability to remain high as revenue and billings continue growing.
For 2026, Fortinet forecast revenue between $8.02 billion and $8.18 billion. The company expects annual billings between $9.35 billion and $9.55 billion. It projected adjusted earnings between $3.41 and $3.47 per share, alongside service revenue above $5.18 billion.

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TLDR
Fortinet stock jumps 11% after hours as second-quarter growth beats expectations
Product revenue climbs 52% as demand strengthens across security platforms globally
Quarterly revenue rises 26% to $2.05 billion on stronger product sales momentum
Billings increase 33% to $2.37 billion as customer security spending accelerates
Fortinet keeps 2026 guidance firm with annual revenue projected above $8.02 billion
Fortinet (FTNT) stock rose 2.16% to close at $153.22, then surged 11.00% after hours to $170.08. The move followed strong second-quarter growth across revenue, product sales, billings, earnings, and cash generation. Demand for integrated cybersecurity platforms strengthened as enterprises expanded network, cloud, endpoint, and security operations spending.
Fortinet, Inc., FTNT
Fortinet Revenue and Earnings Accelerate
Fortinet reported second-quarter revenue of $2.05 billion, representing 26% growth from the previous year. Product revenue climbed 52% to $773 million, reflecting stronger demand for hardware and integrated security systems. Meanwhile, billings increased 33% to $2.37 billion, showing continued customer spending and contract activity.
The company posted a 34% GAAP operating margin and a 38% non-GAAP operating margin. GAAP earnings per share rose 44% to $0.82, while adjusted earnings increased 41% to $0.90. Therefore, Fortinet converted faster sales growth into stronger profitability during the quarter.
Operating cash flow reached $1.04 billion, while free cash flow totaled $966 million. These results gave Fortinet additional capacity to fund development, partnerships, and product expansion. At the same time, the cash performance supported Fortinet stock’s sharp after-hours rally following the earnings release.
Cybersecurity Products Expand Fortinet’s Market Reach
Fortinet expanded its platform during the quarter through new firewall, endpoint, and security operations products. The FortiGate 1200G series combined local enforcement with cloud-delivered security for hybrid infrastructure and sovereignty requirements. In addition, FortiSOC brought six security operations functions into one cloud-delivered platform.
FortiEndpoint also combined several endpoint security tools into one agent for simpler risk management. The product targets teams managing data protection, device security, and broader technology adoption. Together, these launches strengthened Fortinet’s position across networking, endpoint protection, and security operations.
Fortinet also started a strategic collaboration with Intel to develop its sixth-generation security processor. The agreement combines Fortinet’s processor knowledge with Intel’s design, packaging, development, and manufacturing capabilities. Consequently, Fortinet expects faster processor development and a more resilient global supply chain.
Fortinet Guidance Supports Continued Growth
For the third quarter, Fortinet projected revenue between $2.01 billion and $2.10 billion. The company expects billings between $2.25 billion and $2.35 billion during the same period. It also forecast adjusted earnings between $0.83 and $0.87 per diluted share.
Fortinet expects a third-quarter non-GAAP gross margin between 79% and 81%. It also projected a non-GAAP operating margin between 35% and 37%. These ranges indicate management expects profitability to remain high as revenue and billings continue growing.
For 2026, Fortinet forecast revenue between $8.02 billion and $8.18 billion. The company expects annual billings between $9.35 billion and $9.55 billion. It projected adjusted earnings between $3.41 and $3.47 per share, alongside service revenue above $5.18 billion.

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TLDR
Microsoft shares rebound 2.51% after hours to $400.35 following Q4 earnings
Quarterly revenue rises 18% to $90 billion as cloud sales strengthen further
Azure revenue grows 43% and tops $100 billion for the full 2026 fiscal year
GAAP net income climbs 31% to $35.8 billion while diluted EPS reaches $4.81
Windows and Xbox revenue decline while Microsoft cloud demand remains strong
Microsoft Corp. (MSFT) stock fell 0.71% to $390.54, then rose 2.51% after hours to $400.35 following quarterly results. Fourth-quarter revenue reached $90.0 billion, while rapid Azure growth supported the rebound. However, weaker Windows and Xbox revenue showed mixed performance across Microsoft’s wider business.
Microsoft Corporation, MSFT
Microsoft Q4 Revenue and Earnings Rise
Microsoft reported an 18% revenue increase for its fiscal fourth quarter ended June 30, 2026. Operating income rose 18% to $40.6 billion, while GAAP net income increased 31% to $35.8 billion. GAAP diluted earnings per share climbed 32% to $4.81, beating management’s earlier forecast.
Non-GAAP net income advanced 22% to $35.3 billion, while adjusted diluted earnings reached $4.74. Several discrete items added $0.27 to diluted earnings per share versus Microsoft’s April guidance. These included an Anthropic investment gain and lower retirement costs, partly offset by severance expenses.
Microsoft also recorded Xbox impairment charges, which reduced part of the quarterly earnings benefit. After adjustments, revenue, operating income, and diluted earnings per share still exceeded Microsoft’s expectations. Strong cloud sales helped Microsoft expand profit while maintaining substantial investment in data infrastructure.
Azure Growth Drives Microsoft Cloud Results
Azure and other cloud services revenue grew 43%, leading Microsoft’s main business lines. Microsoft Cloud revenue increased 27% to $59.3 billion as demand for infrastructure and software remained strong. Commercial remaining performance obligations jumped 84% to $678 billion, expanding Microsoft’s contracted revenue base.
Azure surpassed $100 billion in annual revenue for the first time during fiscal 2026. Microsoft 365 Copilot also exceeded 30 million paid seats as companies expanded workplace automation use. These gains strengthened Microsoft’s position across cloud infrastructure, productivity software, and artificial intelligence services.
Intelligent Cloud revenue rose 32% to $39.3 billion, making it Microsoft’s fastest-growing operating segment. Productivity and Business Processes revenue increased 14% to $37.8 billion, supported by Microsoft 365 and LinkedIn. Dynamics 365 revenue grew 13%, while Microsoft 365 Consumer cloud revenue advanced 24%.
Full-Year Profit Rises Despite Gaming Weakness
More Personal Computing revenue declined 4% to $12.9 billion as Windows and gaming weakened. Windows OEM and Devices revenue fell 7%, while Xbox content and services revenue dropped 10%. Search advertising revenue excluding traffic acquisition costs increased 10%, partly limiting the segment decline.
For fiscal 2026, Microsoft generated $331.8 billion in revenue, an 18% annual increase. Operating income climbed 21% to $155.2 billion, while GAAP net income rose 31% to $133.7 billion. GAAP diluted earnings per share increased 32% to $17.95, reflecting stronger companywide profitability.
Microsoft produced $55.4 billion in quarterly operating cash flow and $182.9 billion for the full year. Property and equipment additions reached $35.8 billion during the quarter and $115.9 billion during fiscal 2026. The company returned $10.2 billion through dividends and share repurchases while funding continued infrastructure expansion.

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TLDR
Robinhood shares dropped after hours despite strong second-quarter growth in Q2.
Q2 revenue climbed 32% to $1.31 billion as trading activity reached records.
Net income surged 48% to $573 million, while diluted EPS increased to $0.62.
Crypto revenue fell 38% even as options and equities revenue increased sharply.
Platform assets reached $369 billion while Gold subscribers hit 4.8 million.
Robinhood (HOOD) stock fell 3.15% to close at $89.84, then dropped 4.09% after hours to $86.17. The decline followed second-quarter results showing strong revenue, profit, account growth, and trading activity. However, weaker cryptocurrency revenue and higher operating costs weighed on the after-hours response.
Robinhood Markets, Inc., HOOD
Robinhood Stock Falls Despite Revenue Growth
Robinhood reported total net revenue of $1.31 billion, representing a 32% increase from the previous year. Transaction-based revenue climbed 44% to $776 million, supported by options, equities, and event contracts. Meanwhile, cryptocurrency revenue fell 38% to $100 million and partly offset stronger trading results elsewhere.
Net interest revenue rose 9% to $389 million as interest-earning assets expanded across the platform. Other revenue increased 54% to $143 million, supported by subscriptions and Trump Account service fees. These gains helped Robinhood produce broader revenue growth across several business lines during the quarter.
Net income increased 48% to $573 million, while diluted earnings reached $0.62 per share. The results included $129 million in gains linked mainly to Robinhood Ventures Fund I deconsolidation. Adjusted EBITDA rose 35% to $741 million, while total buybacks reached $1.3 billion since Q3 2024.
Customer Assets and Trading Volumes Reach Records
Funded customers increased 7% to 28.4 million, while investment accounts rose 9% to 29.9 million. Total platform assets advanced 32% to $369 billion, supported by deposits and higher equity valuations. Robinhood also recorded $21.7 billion in quarterly net deposits, equal to a 28% annualized growth rate.
Robinhood Gold subscribers increased 39% to 4.8 million, while average revenue per user rose 24% to $187. Retirement assets climbed 82% to $34.5 billion, and the margin book expanded 127% to $21.6 billion. Cash and deposits also reached $18.7 billion after increasing 34% from the previous year.
Equity trading volume jumped 85% to a record $956 billion during the second quarter. Options contracts increased 50% to 774 million, while event contracts exceeded 13.6 billion. Crypto trading volume totaled $40 billion, including $22 billion from Bitstamp and $18 billion through Robinhood.
New Products Expand Robinhood’s Business Mix
Robinhood Legend surpassed $100 million in annualized revenue about 18 months after its customer rollout. The company also said nearly 100,000 customers opened Agentic Trading accounts holding over $100 million. Prediction markets expanded through Rothera, its exchange venture with Susquehanna International Group.
The Robinhood Gold Card passed one million customers and reached $17 billion in annualized purchase volume. Robinhood Banking held more than $3 billion in deposits from over 240,000 funded customers. Robinhood Strategies also reached nearly $2 billion in managed assets across more than 300,000 customers.
International funded customers exceeded one million as Robinhood expanded its global financial services footprint. The company completed its WonderFi acquisition and launched Robinhood Chain’s public mainnet for financial applications. It also added stock tokens, decentralized lending, European perpetual futures, and planned United Kingdom cryptocurrency services.

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TLDR
Starbucks global comparable sales rose 7.9% as customer traffic strengthened.
North America revenue climbed 7% to $7.4 billion on stronger overall store demand.
GAAP earnings per share jumped 86% to $0.91 during the fiscal third quarter.
International margins widened sharply despite lower revenue after the China deal.
SBUX gained 6.83% after hours as stronger sales and margins lifted sentiment.
Starbucks (SBUX) shares reported stronger comparable sales and earnings for its fiscal third quarter ended June 28, 2026. SBUX closed at $104.14, up 1.01%, then surged 6.83% after hours to $111.25. Improved traffic, higher customer spending, and wider margins supported the post-market advance.
Starbucks Corporation, SBUX
Global Comparable Sales Rise 7.9%
Global comparable store sales increased 7.9% during Starbucks’ fiscal third quarter. Comparable transactions rose 4.2%, while average ticket increased 3.5%. Therefore, the company recorded balanced growth from customer visits and spending across major markets.
North America comparable sales increased 8.1% during the quarter. Transactions climbed 4.5%, while average ticket rose 3.5%. United States comparable sales advanced 7.9% on higher traffic and spending.
International comparable sales increased 5.7% from the previous year. Transactions rose 2.6%, while average ticket increased 3.1%. Starbucks also opened 175 net new stores and ended the quarter with 41,304 locations worldwide.
North America Revenue Reaches $7.4 Billion
North America revenue increased 7% to $7.4 billion during the quarter. Higher company-operated store sales supported the increase across delivery, food, and customized beverages. Those gains reflected stronger customer demand and improved store activity throughout the quarter.
North America operating income increased 10% to $1.0 billion. Operating margin expanded 30 basis points to 13.6% from 13.3% one year earlier. Sales leverage and lower inflation helped offset labor spending and restructuring costs.
The company ended the quarter with 18,371 North American stores. That total fell 2% from the previous year after store closures and portfolio adjustments. United States stores represented 41% of Starbucks’ global portfolio, with 16,933 locations.
Earnings and Margins Strengthen
Consolidated net revenue decreased 1% to $9.3 billion, but GAAP operating margin expanded 60 basis points to 10.5%. Meanwhile, non-GAAP operating margin increased 430 basis points to 14.4%. Lower inflation, sales leverage, and tariff refunds supported the stronger profitability.
GAAP earnings per share rose 86% to $0.91, while non-GAAP earnings increased 70% to $0.85. Starbucks also used China sale proceeds to repurchase about $1.3 billion of outstanding notes. The licensed joint venture model reduced international revenue 34% but expanded the segment’s margin by 550 basis points.
Channel Development revenue increased 22% to $587.9 million, while operating income rose 40% to $306.2 million. The segment’s operating margin expanded 700 basis points, supported by alliance growth and tariff refunds. Starbucks continues its Back to Starbucks plan, targeting stronger service, store execution, customer connection, and long-term value.

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TLDR
Meta shares plunged 6.25% after hours despite a strong 28% revenue increase.
Quarterly costs surged 55% as legal and severance charges pressured profit.
Net income fell 14% while diluted earnings declined 13% to $6.18 per share.
Capital spending reached $31.08 billion and reduced free cash flow sharply.
Advertising stayed strong as impressions rose 14% and ad prices gained 12%.
Meta Platforms (META) stock sank after hours as surging costs and weaker profits overshadowed sharp second-quarter revenue growth across its businesses. Shares fell 1.31% to close at $585.61, then plunged another 6.25% after hours to $549.00 following Wednesday’s earnings release. Although advertising strengthened, higher legal charges, severance expenses, and capital spending weighed heavily on the company’s quarterly financial performance.
Meta Platforms, Inc., META
Revenue Growth Fails to Offset Profit Pressure
Meta generated second-quarter revenue of $60.80 billion, marking a 28% increase from $47.52 billion during the comparable previous-year quarter. On a constant-currency basis, revenue rose 27%, confirming broad expansion across the company’s major global markets and advertising operations. Meanwhile, advertising demand remained firm as impressions increased 14% and average prices per advertisement climbed 12% from last year.
Total costs and expenses surged 55% to $42.03 billion, far exceeding the company’s revenue growth rate during the quarter. Meta recorded $2.40 billion in legal charges and $1.18 billion in severance expenses connected with recent workforce restructuring actions. These items followed the May 2026 workforce reduction and placed significant pressure on operating earnings, margins, and quarterly profitability.
Operating income fell 8% to $18.78 billion, while the reported operating margin narrowed sharply to 31% from 43%. Net income declined 14% to $15.85 billion, compared with $18.34 billion reported during the same quarter one year earlier. Diluted earnings also dropped 13% to $6.18 per share, highlighting how accelerating expenses weakened quarterly profitability and earnings quality.
Capital Spending Restrains Free Cash Flow
Meta committed $31.08 billion to capital expenditures, including principal payments connected with finance leases and companywide infrastructure expansion projects. The company continued expanding data centers, computing capacity, and systems supporting advertising, consumer products, and future enterprise opportunities worldwide. As a result, free cash flow reached only $784 million despite operating cash flow totaling $31.86 billion for the quarter.
Meta ended June with $90.26 billion in cash, equivalents, and marketable securities, supporting continued investment and operating flexibility. Long-term debt reached $83.66 billion, while the company returned $1.35 billion through dividends and related dividend-equivalent payments during the quarter. Therefore, Meta retained substantial liquidity, although expanding debt and investment commitments increased demands across its balance sheet.
Family daily active people averaged 3.60 billion in June, representing a 3% increase from the same month last year. Meta reported 75,472 employees, down 1%, while still counting about 8,000 workers affected by the May reduction. The company expects most affected employees to leave during the third quarter as it tightens workforce management and controls costs.

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TLDR
Meta shares plunged 6.25% after hours despite a strong 28% revenue increase.
Quarterly costs surged 55% as legal and severance charges pressured profit.
Net income fell 14% while diluted earnings declined 13% to $6.18 per share.
Capital spending reached $31.08 billion and reduced free cash flow sharply.
Advertising stayed strong as impressions rose 14% and ad prices gained 12%.
Meta Platforms (META) stock sank after hours as surging costs and weaker profits overshadowed sharp second-quarter revenue growth across its businesses. Shares fell 1.31% to close at $585.61, then plunged another 6.25% after hours to $549.00 following Wednesday’s earnings release. Although advertising strengthened, higher legal charges, severance expenses, and capital spending weighed heavily on the company’s quarterly financial performance.
Meta Platforms, Inc., META
Revenue Growth Fails to Offset Profit Pressure
Meta generated second-quarter revenue of $60.80 billion, marking a 28% increase from $47.52 billion during the comparable previous-year quarter. On a constant-currency basis, revenue rose 27%, confirming broad expansion across the company’s major global markets and advertising operations. Meanwhile, advertising demand remained firm as impressions increased 14% and average prices per advertisement climbed 12% from last year.
Total costs and expenses surged 55% to $42.03 billion, far exceeding the company’s revenue growth rate during the quarter. Meta recorded $2.40 billion in legal charges and $1.18 billion in severance expenses connected with recent workforce restructuring actions. These items followed the May 2026 workforce reduction and placed significant pressure on operating earnings, margins, and quarterly profitability.
Operating income fell 8% to $18.78 billion, while the reported operating margin narrowed sharply to 31% from 43%. Net income declined 14% to $15.85 billion, compared with $18.34 billion reported during the same quarter one year earlier. Diluted earnings also dropped 13% to $6.18 per share, highlighting how accelerating expenses weakened quarterly profitability and earnings quality.
Capital Spending Restrains Free Cash Flow
Meta committed $31.08 billion to capital expenditures, including principal payments connected with finance leases and companywide infrastructure expansion projects. The company continued expanding data centers, computing capacity, and systems supporting advertising, consumer products, and future enterprise opportunities worldwide. As a result, free cash flow reached only $784 million despite operating cash flow totaling $31.86 billion for the quarter.
Meta ended June with $90.26 billion in cash, equivalents, and marketable securities, supporting continued investment and operating flexibility. Long-term debt reached $83.66 billion, while the company returned $1.35 billion through dividends and related dividend-equivalent payments during the quarter. Therefore, Meta retained substantial liquidity, although expanding debt and investment commitments increased demands across its balance sheet.
Family daily active people averaged 3.60 billion in June, representing a 3% increase from the same month last year. Meta reported 75,472 employees, down 1%, while still counting about 8,000 workers affected by the May reduction. The company expects most affected employees to leave during the third quarter as it tightens workforce management and controls costs.

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TLDR
Fiverr shares plunge 20.58% as weak revenue exposes mounting AI disruption pressure
Quarterly revenue falls 10% as marketplace sales and active buyers decline sharply
Annual active buyers drop 21.9% while spending per buyer climbs to $368 annually
Fiverr shifts toward longer, higher-value projects requiring human expertise
Profit remains positive, but cash flow and adjusted EBITDA weaken sharply in Q2
Fiverr International (FVRR) shares plunged 20.58% to close at $9.20 after the company reported weaker second-quarter revenue and adjusted its outlook. The stock later edged 0.05% higher after hours to $9.21, showing only a limited rebound. Rapid AI adoption reduced demand for simple freelance tasks and pushed Fiverr toward higher-value projects.
Fiverr International Ltd., FVRR
Revenue Declines as Marketplace Activity Weakens
Fiverr reported second-quarter revenue of $97.8 million, down 10.0% from $108.6 million one year earlier. Marketplace revenue fell 15.5% to $63.1 million during the quarter. However, services revenue rose 2.0% to $34.6 million and partly limited the overall decline despite broader marketplace weakness.
Annual active buyers dropped 21.9% to 2.7 million from 3.4 million last year. Meanwhile, annual spending per buyer increased 15.6% to $368. Fiverr also lifted its marketplace take rate to 28.0% from 27.6% over the same period.
The figures showed fewer customers using the platform, although remaining customers spent more on average. Fiverr linked the shift to faster AI adoption across low-value and transactional work. The company plans to target longer projects that require human expertise, management, and accountability.
Profitability Holds While Cash Generation Falls
Fiverr recorded GAAP net income of $4.5 million, compared with $3.2 million one year earlier. Basic and diluted earnings reached $0.12 per share, up from $0.09. The company also raised its GAAP gross margin to 81.7% from 81.2%.
Non-GAAP net income fell to $18.3 million from $27.4 million. Diluted non-GAAP earnings declined to $0.50 per share from $0.69. Adjusted EBITDA also dropped to $17.5 million from $21.4 million.
The adjusted EBITDA margin narrowed 180 basis points to 17.9%. Operating cash flow fell 45.1% to $13.8 million. Similarly, free cash flow declined 45.5% to $13.6 million from $25.0 million.
Fiverr Resets Strategy as AI Changes Freelance Demand
Fiverr has spent years connecting businesses with freelancers across design, writing, programming, marketing and other digital services. However, automated tools now handle many simple tasks that previously supported frequent marketplace orders. This change has placed pressure on Fiverr’s transaction volumes and customer base.
The company now aims to expand higher-value work and attract larger, longer assignments. It expects AI tools to support skilled freelancers rather than replace expertise in complex projects. Management also plans to keep costs controlled while funding the marketplace transition.
Fiverr adjusted its guidance to reflect weaker demand and the time required for its strategy to produce results. Its balance sheet gives the company flexibility to stabilize the core platform and pursue selective investments. Still, the steep stock decline reflected concerns about falling revenue, fewer active buyers, and slower cash generation.
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TLDR
SK hynix stock rises 3.73% after the company posts record quarterly results.
Quarterly revenue jumps 257% as global demand for advanced AI memory strengthens.
Operating profit surges 557% as HBM and server DRAM sales expand worldwide.
HBM4 mass shipments begin, supporting a stronger second-half production ramp.
Long-term supply deals with 10 customers strengthen future revenue visibility.
SK hynix rose 3.73% to $135.03 after publishing record quarterly results led by advanced memory demand. Revenue climbed 257% year over year, while operating profit jumped 557% during the second quarter. The company also started HBM4 mass shipments and expanded long-term supply agreements with major customers.
SK hynix Inc., SKHY
SK hynix Posts Record Second-Quarter Results
SK hynix reported second-quarter revenue of 79.3187 trillion won, up 51% from the previous quarter. Operating profit reached 60.5426 trillion won, representing a 76% operating margin. Net income totaled 93.9226 trillion won, rising 133% from the first quarter.
Compared with last year, revenue increased from 22.232 trillion won during the second quarter. Operating profit also rose from 9.2129 trillion won during the same period. Meanwhile, net income surged 1,242% from 6.9962 trillion won.
High-value memory products supported sharp gains across the company’s main business lines and strengthened its pricing position. Stronger DRAM and NAND prices also lifted profitability and cash generation during the quarter. Cash reached 88 trillion won, while debt fell to 18.6 trillion won and net cash reached 69.4 trillion won.
HBM4 Growth Supports the AI Memory Expansion
SK hynix began mass shipments of HBM4 during the second quarter. The product met customer speed requirements while improving power efficiency and production economics. The company plans to increase HBM4 output throughout the second half.
HBM4E samples also reached customers during the first half of 2026. SK hynix selected stable manufacturing processes to support future volume production. It also continued improving yields, product quality, and supply reliability.
Demand from expanding artificial intelligence infrastructure continues to reshape the global memory market. Major technology companies increased spending on computing systems, servers, and data centers. As a result, demand strengthened for HBM, server DRAM, enterprise SSDs, and conventional memory products.
Supply Agreements Strengthen Production Outlook
SK hynix completed long-term agreements with about 10 customers, including several strategic partners. These contracts cover multiple years and support stable supply planning across high-growth memory products and customer programs. The company continues negotiations with other large industry customers.
The memory producer also accelerated its M15X production schedule to address demand exceeding available supply. It expects the Yongin Phase 1 cleanroom to open in early 2027. Additional projects include the P&T7 packaging facility and the planned M17 NAND production base.
321-layer NAND products now account for the largest share of total production. SK hynix plans to raise their share to about half of domestic output by year-end. The company will phase investments according to customer demand, production efficiency, financial strength, and capital discipline.

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TLDR
AbbVie stock gained 1.17% to $266.27 after RINVOQ secured major EU approval.
The approval covers adults and adolescents aged 12 and older with severe AA.
Phase 3 studies showed significant scalp hair regrowth after 24 weeks of use.
Both RINVOQ doses met key efficacy goals across two controlled Phase 3 studies.
The decision expands AbbVie’s immunology portfolio and commercial reach in Europe.
AbbVie (ABBV) stock rose 1.17% to $266.27 after European regulators approved RINVOQ for severe alopecia areata. The decision expands AbbVie’s immunology portfolio across adult and adolescent patients in the European Union. It also gives eligible patients another treatment option for a difficult autoimmune hair-loss disorder.
AbbVie Inc., ABBV
EU Approval Expands RINVOQ Use
The European Commission approved once-daily RINVOQ doses of 15 milligrams and 30 milligrams. The approval covers adults and adolescents aged 12 years and older with severe alopecia areata. AbbVie secured the decision after presenting evidence from its ongoing Phase 3 UP-AA clinical program.
The new indication strengthens RINVOQ’s role across several immune-mediated diseases in Europe. EU regulators already authorize the therapy for conditions including rheumatoid arthritis, Crohn’s disease, and ulcerative colitis. They also allow its use for atopic dermatitis, vitiligo, psoriatic arthritis, and axial spondylarthritis.
AbbVie developed RINVOQ as an oral therapy that targets immune pathways linked to inflammatory diseases. The company continues to expand the drug across dermatology, gastroenterology, and rheumatology markets. That strategy supports AbbVie’s effort to offset pressure from competition facing older medicines.
Phase 3 Data Support Hair Regrowth
The UP-AA program includes two randomized, placebo-controlled, double-blind Phase 3 studies. Researchers tested both approved doses in adults and adolescents with severe alopecia areata. Each study measured scalp hair coverage after 24 weeks of treatment.
Both doses met the primary endpoint in each study at week 24. More treated patients achieved at least 80% scalp hair coverage than placebo recipients. The studies also recorded complete scalp hair regrowth among some patients receiving RINVOQ.
Researchers reported improvements in eyebrow and eyelash growth during the same treatment period. AbbVie said the safety results matched findings from other approved RINVOQ uses. The company continues to collect longer-term efficacy and safety data through the ongoing program.
Alopecia Areata Adds Major Disease Burden
Alopecia areata causes the immune system to attack hair follicles across the body. The disease can create small bald patches or complete loss of scalp and body hair. Its unpredictable course often creates lasting physical, social, and emotional pressure.
Studies link alopecia areata with higher rates of new depression and anxiety diagnoses. The condition often carries added stigma because many people wrongly view it as cosmetic. Severe cases can disrupt work, relationships, confidence, and daily routines.
The approval gives AbbVie access to another segment of Europe’s dermatology market. It also expands RINVOQ’s commercial reach while strengthening the company’s immunology growth strategy. AbbVie stock finished higher as the market absorbed the regulatory update and its potential sales impact.

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TLDR
Forbes honours Sun Rose Residences for premium residential service excellence.
FSV-managed luxury community earns prestigious VERIFIED designation.
Sun Rose Residences gains Forbes recognition for hospitality-led living.
FirstService Residential adds Forbes luxury designation to West Hollywood site.
VERIFIED recognition highlights FSV’s focus on resident service standards.
FirstService Corporation (FSV) shares traded at $144.76, up $1.74, after its subsidiary announced a major hospitality recognition. Sun Rose Residences earned the VERIFIED Luxury Residences designation from Forbes Travel Guide. The recognition highlights service quality rather than financial performance and strengthens the property’s luxury residential profile.
FirstService Corporation, FSV
Sun Rose Residences Earns Forbes Luxury Recognition
Forbes Travel Guide created the VERIFIED Luxury Residences designation through its consulting division, Atelier CX. The programme recognises residential communities delivering consistent and personalised hospitality-inspired service. Sun Rose Residences joined the inaugural group of communities meeting those standards.
The verification process examined service culture, operational practices and the overall resident experience. Independent evaluators measured the community against established hospitality benchmarks. As a result, the designation confirms the property’s commitment to maintaining consistent service quality.
Sun Rose Residences also participated as a charter member of the VERIFIED Luxury Residences programme. FirstService Residential worked directly with Atelier CX to establish signature service standards. Those standards aim to improve daily living while maintaining consistency across resident experiences.
FirstService Residential Strengthens Hospitality Standards
FirstService Residential manages communities throughout the United States and Canada. The company combines property management with hospitality-focused services for residential developments. The latest recognition supports its strategy of delivering premium resident experiences.
The Sun Rose Residences occupies a prominent location along Sunset Boulevard in West Hollywood. Residents benefit from convenient access to the Sunset Strip, Beverly Hills and leading retail destinations. The community combines modern design with walkable surroundings and nearby cultural attractions.
Amy Mathieson, President of FirstService Residential California, said resident experience remains central to the community’s operating philosophy. She added that the designation reflects the property’s commitment to maintaining high service standards. Forbes Travel Guide stated that luxury living now depends on both residences and everyday service quality.
Recognition Adds to FirstService’s Property Management Profile
FirstService Residential operates as a subsidiary of FirstService Corporation. The parent company provides essential property services across residential and commercial markets throughout North America. Its business also supports boards, developers and property owners with tailored management solutions.
Beyond traditional property management, the company offers financial, energy and special district services. It also provides lifestyle programming, technology solutions and round-the-clock customer support. These services help residential communities improve operations and resident satisfaction.
The latest announcement represents a brand recognition milestone instead of a financial development. Earlier corporate announcements produced mixed market reactions, including a 7.41% decline following the July 23 earnings release and modest gains after previous updates. The Forbes Travel Guide designation reinforces FirstService Residential’s hospitality-driven management approach and expands its presence within the luxury residential sector.

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TLDR
FNWB Board Chair wins 2026 governance award, highlighting leadership strength.
First Fed Board Chair receives top governance honour as FNWB shares advance.
Cindy Hill Finnie earns 2026 Director award, reinforcing FNWB governance focus.
FNWB highlights board excellence after Chair receives prestigious leadership honour.
First Fed Chair secures governance recognition amid FNWB strategic expansion.
First Northwest Bancorp traded at $12.20, up 3.48%, after announcing a major board leadership achievement. The company confirmed Board Chair Cindy Hill Finnie received the 2026 Director of the Year award from the Puget Sound Business Journal. The recognition highlights her governance leadership and continued oversight during the bank’s strategic transformation.
First Northwest Bancorp, FNWB
Cindy Hill Finnie Receives Governance Recognition
The award recognises outstanding corporate and nonprofit board leadership across Washington. Finnie became one of 12 directors honoured during the publication’s tenth annual Directors of the Year programme. The recognition reflects her contributions to governance, strategy and community stewardship.
Finnie joined the First Northwest Bancorp board in 2012. She became board chair in 2022, making history as the organisation’s first female chair. Since then, she has helped guide leadership succession and strategic expansion across the Puget Sound region.
She also strengthened governance practices while supporting long-term organisational planning. In addition, she leads an independent board responsible for executive succession and risk oversight. She also serves on several board committees covering governance, compensation, executive matters and auditing.
Leadership Supports Long-Term Strategy
During her tenure, Finnie helped oversee several important leadership transitions. She guided the national executive search that resulted in Curt Queyrouze becoming President and Chief Executive Officer in 2025. The board maintained continuity while adapting to changing conditions across the community banking industry.
Queyrouze said Finnie consistently provided thoughtful leadership and long-term strategic guidance. He added that her governance approach strengthened the organisation during a period of significant change. He noted that her experience supported management across key strategic decisions.
Finnie also described the recognition as a reflection of the board’s collective work. She said the leadership team remains focused on governance, responsible decision-making and community service. The award represents the broader efforts of both directors and executives.
Community Commitment Remains Central
Beyond her board responsibilities, Finnie serves as a director of the First Fed Foundation. The foundation has awarded more than $7 million to nonprofit, tribal and government organisations since 2015. Those grants support housing, economic opportunity, community development and other regional priorities.
Her public service also extends beyond the financial sector. She currently serves as vice president of the Fort Worden Foundation and participates in Port Townsend’s Lodging Tax Advisory Council. Previously, she chaired several state and community organisations while serving on additional nonprofit boards.
Before joining First Northwest Bancorp, Finnie spent 38 years at Allstate Insurance Company. She held leadership roles across underwriting, financial management, agency development and business development. Later, she co-founded Rainshadow Properties, an award-winning hospitality and property management company in Port Townsend.
Recognition Adds to First Northwest Bancorp’s Profile
First Northwest Bancorp operates through its wholly owned subsidiary, First Fed Bank. The institution has served communities across Washington since 1923 and currently operates 15 locations, including 11 full-service branches. Its business strategy focuses on sustainable earnings through banking services for individuals, businesses and nonprofit organisations.
The company also maintains investments in financial technology partnerships and a boutique investment banking accelerator. Those initiatives support innovation while expanding financial services capabilities. As a result, First Northwest continues balancing traditional banking operations with modern financial solutions.
The latest announcement recognises board leadership rather than financial performance. A previous executive leadership announcement generated a 5.52% market reaction in April, offering a historical comparison for governance-related developments. This recognition primarily strengthens the company’s corporate governance profile while supporting its long-term strategic direction.

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Key Highlights
CBIZ shares climbed 17.67% following Grant Thornton’s announcement of a $5 billion acquisition proposal.
The all-cash transaction offers $55 per share, representing a 54% premium over CBIZ’s 30-day volume-weighted average.
The combined entity would rank as the fifth-largest professional services firm in the United States.
Grant Thornton intends to deploy AI-powered technology across CBIZ’s operations.
A go-shop provision allows CBIZ to entertain competing bids until August 27, 2026.
Shares of CBIZ (CBZ) surged 17.67% to reach $54.95 following Grant Thornton Advisors’ disclosure of a $5 billion all-cash takeover proposal. The transaction prices each CBIZ share at $55, delivering a substantial premium above current market levels. Once finalized, the combination would establish the fifth-largest professional services organization in the United States.
CBIZ, Inc., CBZ
Grant Thornton Proposes $55-Per-Share Purchase Price
Grant Thornton Advisors has reached a definitive agreement to purchase CBIZ through a deal worth $5 billion. The terms provide CBIZ stockholders with $55 in cash for each outstanding common share. This purchase price delivers approximately a 54% premium compared to CBIZ’s volume-weighted average trading price over the preceding 30 days.
New Mountain Capital will contribute additional equity capital to facilitate the transaction, building on its support of Grant Thornton’s expansion strategy initiated in May 2024. The private equity investor previously backed an initiative that accelerated Grant Thornton’s domestic footprint. These new funds will finance both the acquisition and future strategic initiatives for the merged organization.
CBIZ’s board of directors has unanimously endorsed the merger agreement and urged shareholders to vote in favor of the deal. Both parties anticipate completing the transaction in the fourth quarter of 2026. Finalization depends on shareholder ratification, regulatory approvals, and customary closing requirements.
Merged Organization Pursues Enhanced Market Position
This combination would establish a United States-based enterprise generating over $5 billion in domestic annual revenue. The resulting firm would become the nation’s fifth-largest provider of professional, tax, and advisory solutions. This transaction represents the most significant merger in the industry over the past quarter-century.
The expanded global network would span more than 20 countries and territories following deal completion. Combined annual revenue would approach $7.5 billion, with a workforce exceeding 34,500 professionals globally. Grant Thornton anticipates the enhanced scale will bolster international service offerings and deepen specialized expertise.
Grant Thornton intends to integrate its technology infrastructure throughout CBIZ’s client portfolio. The firm recently committed $1 billion toward artificial intelligence and cutting-edge technology initiatives. Consequently, the unified organization projects improvements in service quality, operational efficiency, and client engagement.
Benefits Division Slated for Independence
Grant Thornton intends to spin off CBIZ’s Benefits and Insurance Services division following deal closure. New Mountain Capital would support this unit as a standalone enterprise. The separated business would concentrate on insurance, retirement planning, payroll administration, and complementary services for its customer base.
CBIZ retains the right to pursue alternative acquisition proposals during a go-shop window concluding August 27, 2026. The company’s financial advisers may actively solicit, evaluate, and discuss competing bids throughout this timeframe. CBIZ’s board maintains the authority to accept a superior offer if one emerges under specified terms within the merger agreement.
Grant Thornton will assume full ownership of CBIZ upon transaction completion. CBIZ shares will subsequently cease trading and be delisted from the New York Stock Exchange. Pending closure, CBIZ will maintain its existing operational framework and public company status.

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Key Takeaways
Caterpillar stock declined 6.68% to $784.65 amid broader market pressures.
Company unveiled up to $10 million workforce development program for Illinois.
Initiative focuses on manufacturing skills, technician training, and career pathways.
Program serves as pilot for potential nationwide workforce training expansion.
Partnership includes community colleges and regional economic development organizations.
Shares of Caterpillar (CAT) tumbled 6.68% to close at $784.65 following a significant intraday selloff. The decline occurred despite the industrial equipment manufacturer revealing a substantial $10 million commitment to workforce development throughout Illinois. While the initiative addresses critical manufacturing and technical training needs, investors focused on broader market concerns rather than the workforce announcement.
Caterpillar Inc., CAT
Major Illinois Workforce Development Program Unveiled
The heavy equipment manufacturer announced its Illinois initiative as part of a larger five-year, $100 million Building the Future Workforce commitment. This newest allocation will fund training infrastructure, educational access, and contemporary industrial competencies. The Illinois program represents the fourth regional commitment within this comprehensive workforce strategy.
Caterpillar maintains a significant Illinois presence with over 17,000 employees across multiple manufacturing locations. The company operates major production facilities and administrative offices throughout Peoria and surrounding regions. This extensive footprint provides direct access to educational institutions, workforce partners, and potential trainees.
The initiative will serve communities including East Peoria, Mapleton, Morton, Pontiac, and Decatur, among others. These locations were selected based on their proximity to critical manufacturing operations and established educational infrastructure. Illinois will serve as a laboratory for workforce development approaches that could subsequently expand to additional states.
Investment Aims to Bridge Manufacturing Skills Gap
The funding mechanism will create connections between industrial employers, educational institutions, training facilities, and individuals pursuing manufacturing careers. Caterpillar intends to expand access to cost-effective training programs aligned with contemporary manufacturing demands. The program will additionally support skill advancement for existing workers requiring updated technical capabilities.
Funding will support community engagement initiatives targeting students, families, teachers, and regional stakeholders. These efforts will clarify modern manufacturing career opportunities and the competencies currently demanded by employers. The company seeks to influence career decisions before individuals commit to specific educational or employment trajectories.
The program will pilot innovative funding structures and educational delivery methods across participating regions. These experimental approaches could eliminate financial obstacles and broaden participation in specialized industrial training. Successful strategies will be documented and distributed to other employers and workforce development organizations nationally.
Regional Collaboration Powers Training Initiative
Caterpillar has formed partnerships with established regional organizations specializing in manufacturing support, education delivery, and economic advancement. Key collaborators include the Greater Peoria Leadership Council, Heartland Community College, and various local development agencies. The Livingston Area Career Center will contribute specialized training pathways for aspiring technicians and students.
The Economic Development Corporation of Decatur and Macon County will coordinate regional workforce alignment efforts. Partner institutions will synchronize curriculum offerings with authentic employer requirements across the manufacturing sector. These structured pathways will provide participants with transparent routes from classroom education to available technical positions.
The broader workforce initiative reflects Caterpillar’s response to persistent shortages in qualified industrial workers. Previous funding commitments supported state-level programs and an innovation competition centered on workforce solutions. The Illinois commitment amplifies this strategic approach while leveraging the company’s decades-long operational history throughout the state.

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TLDR
Pi Network appeared in the official DTIF registry under the global ISO 24165 digital token standard.
The registry assigned Pi Network the identifier 2Z2WZP5KM and marked the record as ISSUED and VALIDATED.
The entry also references the related DTI code 2K95TZ2QN, previously included in Pi Network’s MiCA whitepaper.
ISO 24165 helps exchanges, banks, regulators, and financial firms identify digital assets through standardized codes.
The registration does not confirm a new exchange listing, but it gives PI a verified reference within a recognized financial system.
Pi Network has appeared in the public registry maintained by the Digital Token Identifier Foundation, the registration authority for the ISO 24165 standard. The entry gives Pi Coin a digital token identifier used across financial and regulatory systems.
The record lists the identifier 2Z2WZP5KM and names the asset “Pi Network” with the symbol PI. It shows the status as “ISSUED” and the information class as “VALIDATED.” The registry gives December 12, 2025, as the issuance date.
Pi Network Receives ISO 24165 Identifier
The listing classifies the asset as an Equivalent Digital Token Group. It also links the entry to the related DTI code 2K95TZ2QN, which appeared earlier in Pi Network’s MiCA whitepaper.
ISO 24165 gives digital assets unique codes that exchanges, banks, regulators, and financial firms can use. The system helps these groups identify tokens across trading, reporting, settlement, and compliance platforms.
BREAKING: PI NETWORK OFFICIALLY APPEARS IN DTIF'S REGISTRY (ISO 24165)
After the MiCA Whitepaper, here's another major legal-technical milestone the Pi community needs to know about!
The DTI Foundation (DTIF) the official Registration Authority for the global ISO… pic.twitter.com/ItahTqosCz
— Pi Town (@pitown89) July 29, 2026
The DTIF registry allows the public to search and verify token records. Pi Network’s inclusion places PI within a global identification framework used by both digital asset firms and traditional financial institutions.
The registration does not confirm a new exchange listing or banking deal. However, it gives market participants a verified reference for the token and supports clearer records during future regulatory or institutional reviews.
Pi Coin Price Remains Below Key EMAs
Pi Coin traded near $0.0795 after gaining about 2.5% over the day. The price recovered from a recent low near $0.077 but remained below the 20-day EMA at $0.0884.
PI also traded below the 50-day, 100-day, and 200-day EMAs. The negative directional indicator stood near 36.39, while the positive indicator reached 15.67. ADX at 39.39 showed that the current trend remained strong.
Source: TradingView
PI needs to move above $0.088 to $0.090 to improve short-term momentum. A breakout could target $0.10 and $0.105. A drop below $0.076 may expose $0.070.
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Key Highlights
PayBox integrates payment functionality directly into ChatGPT and Claude conversations.
Every transaction requires passkey authentication or follows user-configured autonomous parameters.
The platform facilitates cryptocurrency swaps, DeFi operations, travel reservations, and e-commerce transactions.
Multi-party computation and secure enclaves ensure no single entity controls wallet credentials.
Initial deployment covers Solana and leading EVM-compatible chains with expansion roadmap underway.
MoonPay has unveiled PayBox, a secure payment infrastructure that bridges AI conversational platforms ChatGPT and Claude with financial services. This new system enables users to execute transactions, cryptocurrency operations, and service bookings directly from chat interfaces while maintaining comprehensive security oversight through passkey authentication and customizable transaction parameters.
Seamless Integration Between AI Assistants and Financial Services
PayBox functions as a custom plugin within ChatGPT and Claude environments. After installing the connector, users establish their account credentials, configure passkey authentication, and link their preferred wallet or payment card. MoonPay mandates identity verification procedures when users deposit funds via connected card accounts.
The platform accommodates various financial activities including cryptocurrency acquisitions, digital asset exchanges, token transfers, and decentralized finance protocols. Beyond crypto operations, it processes travel arrangements, dining reservations, and transactions with integrated e-commerce merchants. Users initiate all actions through natural language commands within their AI assistant interface.
Once receiving instructions, the AI assistant evaluates available options and constructs the appropriate payment or blockchain operation. By default, users must verify each action through passkey authentication. For greater convenience, autonomous operation modes permit transactions within predefined thresholds established by the account owner.
Advanced Security Through Distributed Key Management
PayBox safeguards sensitive payment information by preventing AI assistants from accessing complete card details or wallet private keys. MoonPay employs multi-party computation alongside trusted execution environments to distribute wallet key management. This architecture ensures no individual component possesses sufficient authority to independently execute transfers or access funds.
Card-based transactions leverage Visa’s agent commerce framework to shield actual card numbers from exposure. Each passkey authorization applies exclusively to one designated transaction and becomes invalid immediately upon completion. This security model minimizes risks associated with credential theft, authorization replay attacks, or device compromise.
Account holders choose between Always Ask and Autonomous permission structures. The Always Ask configuration demands explicit human authorization for each payment, transfer, or blockchain operation. Autonomous settings enable transactions within boundaries and spending caps defined by the user.
Multi-Chain Architecture and Service Ecosystem Growth
PayBox’s initial deployment encompasses Solana alongside multiple Ethereum Virtual Machine-compatible blockchains. Supported EVM networks include Ethereum, Base, Arbitrum, Polygon, Hyperliquid, Tempo, and Robinhood Chain. MoonPay has announced intentions to incorporate additional blockchain protocols following this launch phase.
The service integrates with platforms implementing x402, an open protocol designed for machine-to-machine payment initiation. Present partnerships enable restaurant bookings, retail purchases, and airline ticket reservations through participating vendors. Originally created by Coinbase, x402 now operates under Linux Foundation governance with backing from prominent technology and financial service organizations.
MoonPay constructed PayBox using technology acquired from Sodot during an earlier acquisition this year. Sodot’s infrastructure currently protects assets exceeding $50 billion across more than 10 million wallet instances. This foundation now integrates with MoonPay’s existing infrastructure supporting over 1,700 corporate partners throughout its worldwide payment ecosystem.

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TLDR
ABA CEO Rob Nichols said the banking lobby supports the Clarity Act but wants limited changes.
Banks want lawmakers to address stablecoin rewards and their possible effect on local lending.
Nichols said the requested changes cover only two paragraphs in the roughly 600-page bill.
Senators are working to advance the Clarity Act before Congress begins its August recess.
Coinbase withdrew support earlier after opposing proposed restrictions on stablecoin yield.
Bankers Association CEO Rob Nichols said the banking lobby wants the Clarity Act to pass. However, he said lawmakers should make changes before a vote.
Speaking on CNBC’s Squawk Box, Nichols said the group supports most of the 600-page bill. He said its concerns focus on two paragraphs linked to stablecoin rewards and local lending.
JUST IN: American Bankers Association CEO tells CNBC "There's a lot of good in the Clarity Act"
"I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world."
"We're working with the Senators" on this bill. pic.twitter.com/3SldlEBEOS
— Bitcoin Magazine (@BitcoinMagazine) July 29, 2026
Clarity Act Faces Stablecoin Dispute
The Clarity Act aims to create federal rules for crypto markets in the United States. Lawmakers hope to advance the bill before Congress leaves for the August recess.
Banks remain concerned that crypto platforms could offer stablecoin rewards that draw deposits away from local lenders. They argue this could reduce funds available for loans to households and small businesses.
Coinbase withdrew support for the bill in January after disputes with banking groups. The exchange opposed efforts to restrict customer rewards on stablecoins.
Coinbase policy chief Faryar Shirzad said large banks are using blockchain products. JPMorgan and Bank of America have shown interest in stablecoins and payment services.
Senators Seek Bipartisan Agreement
A new draft would block federal officials and family members from issuing or promoting digital assets. The rule responds to concerns raised by Democratic lawmakers.
Republicans want senators to complete the bill soon. Some Democrats support the market structure plan, while Senator Elizabeth Warren has raised concerns about political conflicts and criminal use.
Nichols said banking and crypto companies can operate in the same market. He added that the United States can support both a strong banking sector and a growing digital asset industry.
Fidelity, Goldman Sachs, crypto groups, and several lawmakers have backed the revised text. Debate centers on whether senators can settle the stablecoin issue and move the Clarity Act forward before the recess.
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TLDR
Palantir stock traded at $123.75, remaining below key short-term and long-term moving averages.
The $125.15 Ichimoku Kijun level serves as the nearest resistance before the August 3 earnings report.
PLTR stayed below the hourly MA-20 at $125.75 and MA-50 at $126.62.
MACD, ADX, RSI, and the Awesome Oscillator continued to show weak or bearish momentum.
Stochastic RSI issued a buy signal, while CCI remained neutral, creating a mixed technical setup.
Palantir Technologies Inc (PLTR) shares traded at $123.75 after a modest session gain. The stock remained below several key moving averages as traders prepared for the company’s second-quarter earnings report on August 3.
Recent profit-taking has kept market sentiment cautious. Investors appear to be reducing exposure before the earnings release, which could bring sharper price moves and renewed trading volume.
Palantir Stock Trades Below Key Averages
Palantir stock stayed below the hourly 20-period moving average at $125.75. It also traded under the hourly 50-period moving average at $126.62.
The daily 200-period moving average stood much higher at $153.72. This gap shows that the broader price trend remains weak despite the small intraday rise.
The daily Ichimoku Kijun level at $125.15 now acts as the nearest resistance point. A move above this level could support a test of the upper short-term trading range.
However, failure to clear $125.15 may keep the stock under pressure. Traders may continue watching this level as the main pivot before earnings.
PLTR Price Range Stays in Focus
MACD and ADX continued to show sell signals. The RSI reading of 46.52 also pointed to weak momentum, while the Awesome Oscillator maintained a bearish reading.
Other indicators showed a mixed setup. CCI remained neutral, while the Stochastic RSI moved to a buy signal. Bull and Bear Power stayed deeply oversold.
Palantir shares may trade between $117.27 and $130.23 in the short term. The current setup favors rangebound price action unless earnings trigger a stronger move.
A break above resistance could push PLTR toward $130.23. A drop below $117.27 could expose the stock to further losses as sellers retain control. Trading activity may remain uneven as investors wait for updated guidance. Earnings results could reset near-term support and resistance levels across the upcoming sessions.
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TLDR
Capricor Therapeutics stock stays flat at $6.57 after Lancet publishes HOPE-3 data.
The Lancet’s peer review confirms Deramiocel’s Phase 3 trial design and results.
UC Davis expert calls HOPE-3 results a landmark for Duchenne patients everywhere.
Capricor CEO says Lancet publication strengthens the company’s FDA approval case.
FDA’s Deramiocel decision looms August 22 as Capricor awaits Advisory Committee review.
CAPR shares closed at $6.57 on July 28, unchanged from the prior session. The 0.00% move reflected a quiet trading day despite major clinical news breaking. The Lancet published pivotal Phase 3 HOPE-3 trial results for Capricor Therapeutics’ cell therapy Deramiocel.
Capricor Therapeutics, Inc., CAPR
Lancet Publication Validates Deramiocel Trial Results
Capricor Therapeutics develops cell and exosome-based therapies for rare diseases affecting patients worldwide. The company’s Deramiocel targets Duchenne muscular dystrophy, a severe genetic muscle-wasting condition. The Lancet’s peer review confirmed the trial’s design, statistical methods, and overall findings.
The published results relied on Capricor Therapeutics’ prespecified Statistical Analysis Plan version 3.0. Independent experts scrutinized every aspect before granting publication approval. This validation strengthens the scientific foundation behind Deramiocel’s regulatory submission.
The manuscript describes Deramiocel as a heart-derived cellular therapy for advanced Duchenne muscular dystrophy. Researchers conducted the HOPE-3 trial as randomized, double-blind, and placebo-controlled. This rigorous design adds credibility to Capricor Therapeutics’ clinical claims.
Expert Commentary Highlights Clinical Significance
Craig McDonald, a physical medicine professor at UC Davis Health, led the HOPE-2 and HOPE-3 trials. He called the results a landmark moment for the Duchenne community. McDonald noted a 54 percent slowing of upper limb disease progression, with statistical significance.
This effect stands out because functional decline in Duchenne patients typically remains relentless and irreversible. HOPE-3 marks the first Phase 3 trial to show functional benefit in largely non-ambulatory patients. Concurrent cardiac improvements support a consistent treatment effect across both muscle types.
Linda Marbán, CEO of Capricor Therapeutics, emphasized the strength of the overall evidence package. She stated that publication in The Lancet further validates the clinical data collected. Marbán noted that this evidence underpins the company’s Biologics License Application.
Path To FDA Approval Gains Momentum
The FDA set a PDUFA target action date of August 22 for Deramiocel’s review. Capricor Therapeutics has maintained ongoing communication with regulators throughout the process. Company leadership expressed confidence that the evidence supports eventual approval.
An Advisory Committee meeting will further discuss the trial data before a final decision. Marbán described Deramiocel as capable of changing the disease’s course for patients. The company aims to deliver the first approved cell therapy for Duchenne muscular dystrophy.
Capricor Therapeutics continues advancing its broader pipeline of cell and exosome-based treatments. The stock’s flat close suggests market participants await further regulatory clarity ahead. Upcoming decisions could significantly influence Capricor Therapeutics’ trajectory in the biotech sector.
The post Capricor Therapeutics (CAPR) Stock: Holds Steady As Lancet Publication Validates Deramiocel’s Phase 3 Success appeared first on Blockonomi.

TLDR
TSLA stock traded near $304.19 after another modest decline.
Tesla’s Q2 2026 revenue beat expectations, but profit fell below forecasts.
The stock remained below its 20-day, 50-day, and 200-day moving averages.
Immediate resistance stood at $312.14, followed by $322.63.
Key support remained near $285.75.
Tesla (TSLA) shares traded near $304.19 on Wednesday after another decline. The stock remained under pressure as investors reviewed the company’s second-quarter 2026 results and its weaker profit performance.
Tesla reported revenue above market estimates for the quarter. However, earnings missed expectations and renewed concerns about future margins. The muted price action showed that stronger sales did not offset the weaker profit result.
TSLA Stock Stays Below Key Moving Averages
TSLA stock continued to trade below its 20-day, 50-day, and 200-day moving averages. This setup showed that short-term and long-term price trends remained weak after the earnings release.
The Ichimoku Kijun stood at $312.14 and marked the nearest resistance level. A second resistance area sat near $322.63. Support remained close to $285.75, where buyers may attempt to slow further losses.
Momentum indicators remained negative during the session. The relative strength index stood at 32.85, placing Tesla shares near oversold territory. MACD, ADX, CCI, and Bull/Bear Power also showed that sellers still controlled the market.
Stoch RSI and the Awesome Oscillator gave neutral readings. Tesla also opened with a slight gap lower and traded close to the daily low. These signals kept the near-term outlook cautious despite the stock’s limited daily move.
Software Updates Offer Limited Near-Term Support
Tesla also started rolling out its 2026 Summer Update. The release added navigation, infotainment, and video conferencing improvements. The company also expanded access to Full Self-Driving version 14.3.6 and new FSD Lite features.
These product updates may support Tesla’s technology strategy, but they did not provide a clear lift for TSLA stock. Traders will now watch the $312.14 resistance level and the $285.75 support zone.
A move above $312.14 could open a path toward $322.63. A break below $285.75 may lead to heavier selling. For now, Tesla shares may remain inside that range as investors assess earnings, margins, and software progress.
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