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Metaplanet has agreed to open a joint study with Metaplanet Securities, stablecoin issuer JPYC, and tokenization provider Progmat to develop digital credit products backed by Bitcoin, targeting instruments that would trade and settle on a 24/7 basis and accrue interest daily. The company set out the initiative in a July 10 filing issued under Chief Executive Officer Simon Gerovich, describing a study that spans the digital credit domain from digital corporate bonds to other credit instruments. The framework positions Bitcoin as a backing or credit-enhancement asset, routes payments and redemptions through JPYC, and uses security tokens issued on Progmat’s infrastructure…
Illinois Tool Works (NYSE: ITW) stock has pulled back in the past few days as investors position themselves for the upcoming earnings report that will provide more color on its business. While growth expectations are low, the stock has formed the rare inverted head-and-shoulders pattern, pointing to a rebound.Illinois Tool Works is a dividend king with slowing sales growthIllinois Tool Works is a large American industrial company that makes products used directly and indirectly by millions of people globally. It makes automotive products that are used by large companies like General Motors and Ford, construction products like Paslode, Ramset, and Red…
NY-headquartered Citigroup has been the perennial laggard of Wall Street for years, burdened by the legacy of the global financial crisis and an unmanageable corporate structure.However, the narrative has flipped, with a renowned wealth manager, Josh Brown, recently calling Citi “one of the top bank stocks” to own – driven by a profound operational turnaround engineered by CEO Jane Fraser.By aggressively divesting non-core international consumer operations and removing management layers, the bank has unlocked significant capital efficiency, he told CNBC.Heading into its Q2 release, Citi shares C are up more than 30% versus its year-to-date low.Why is Brown bullish on…
Geopolitical tensions, persistent US interest rate hike expectations, and divergent global central bank policies are currently driving international financial market volatility. Geopolitical Risks and Energy Market Volatility The escalating conflict between the United States and Iran has emerged as a primary catalyst for global market volatility, directly impacting risk appetite. The ongoing instability regarding the Strait of Hormuz has intensified concerns over the disruption of crude oil shipments, which has consequently exerted upward pressure on oil prices. While both nations have occasionally signaled a commitment to diplomatic dialogue, the situation remains highly unstable and prone to sudden shifts. This prevailing…
The Commodity Futures Trading Commission will stay a self-certified CME crude oil futures contract that would have allowed around-the-clock trading as soon as July 10, escalating a dispute over whether traditional energy derivatives should move toward the 24/7 model already common in crypto markets. The CFTC said CME filed to self-certify the contract on July 8 despite an active public comment process on 24/7 futures trading and related risks in energy markets. The CFTC announced the stay on July 9. The move matters because crude oil is not just another listed product. It is one of the world’s most important…
Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its lowest level this month. It remains in a local bear market after falling by 20% from its highest point this year. So, will it rebound and retest its all-time high?Broadcom expands its relationship with AppleBroadcom, a top company valued at over $1.85 trillion, has made several deals in the past few months, helping it become one of the biggest beneficiaries of the artificial intelligence boom. In a statement on Tuesday, Apple said that it was expanding its partnership…
Salesforce Inc. (CRM) shares fell 2.5% on Thursday after KeyBanc downgraded the software company, citing concerns that its Agentforce artificial intelligence platform may take longer than expected to become a meaningful growth driver.The downgrade came despite Salesforce’s strong position in enterprise software and follows the company’s better-than-expected fiscal first-quarter results reported in late May. Investors have remained focused on whether the company’s AI investments can translate into sustained revenue growth as competition in enterprise artificial intelligence intensifies.KeyBanc cites slow Agentforce adoptionKeyBanc downgraded Salesforce to Sector Weight from Overweight on Thursday, with analyst Jackson Ader pointing to customer feedback and channel…
A company that just posted the largest quarterly operating profit in the history of the technology industry should not see its stock fall 7% — unless the market believes the profit itself is the top. Samsung Electronics (KRX: 005930) reported preliminary second-quarter 2026 operating profit of ₩89.4 trillion ($58.4 billion) on July 7 — up roughly 19-fold from a year earlier, 6.2% above the ₩84.16 trillion consensus, and enough to overtake Nvidia’s record $53.5 billion quarter and Apple’s all-time peak (KED Global). The shares answered by falling as much as 10% intraday and closing 6.9% lower near ₩291,500 (Benzinga). This…
Swift has confirmed that its blockchain-based ledger is ready for initial use, clearing the way for 17 banks across six continents to pilot live cross-border payments settled with tokenized deposits. The launch marks the first live use case for a ledger Swift unveiled last year and built in nine months, extending a digital asset push the cooperative first signaled when it lined up live trials of tokenized value across its network. The shared ledger gives participating banks an orchestration layer for bank-issued tokenized deposits held on their own ledgers, letting them move client funds around the clock before final settlement…
Plug Power stock extended its sharp sell-off this week, falling to its lowest level since April 2. The shares have plunged 45% from their highest level this year and have slipped below the 200-day moving average, while short interest remains elevated despite the company’s ongoing turnaround efforts.Rising short interest despite turnaround measuresPlug Power, a top player in the hydrogen energy industry, has been in a rollercoaster this year. It initially jumped to a multi-month high of $4.32 in May as investors cheered its turnaround efforts, and then erased most of those gains, and the situation is worsening. The ongoing sell-off has…