Galaxy reports $85M net loss amid Q2 crypto market slump
Galaxy Digital reported an $85 million net loss driven by falling digital asset prices and $8.7 billion in revenue that missed Wall Street estimates.…
Ondo Finance hires former Blockchain.com CFO Adam Schlisman
The tokenizedassets firm appointed exBlockchain.com and Monashee executive as finance chief as it expands its onchain capital markets business. Source：CoinDesk
The government owns some of the same stocks you do. Here’s why that is risky.
Recent deals to have the U.S. take a stake in companies mark something new: Government ownership used as a standing industrialpolicy tool rather than an…
AI agent token once worth $2.4 billion ends with founder calling it dead
Eliza Labs founder Shaw Walters said the ELIZAOS foundation is closing and holders should sell, ending the token that replaced AI16Z after a lawsuit, rebrand…
ADP says businesses add the fewest new jobs in six months. Labor market is still sluggish.
ADP said U.S. businesses created just 44,000 new jobs in July — the smallest increase in six months — in another sign of a sluggish labor market in which…
Uber profit narrowly beat forecasts as trips across its platform surge
Uber Technologies shares fell early Wednesday, despite the ridehailing company registering earnings a tad above Wall Street estimates in the second quarter as…
SpaceX extends decline to 11% on lockup expiration and capex spending fears
The company reported no BTC sales in the second quarter, but shares fell before the open as investors focused on capital spending, free cash flow pressure and…
Walt Disney’s stock climbs as company cites ‘Toy Story 5’ for earnings growth
Walt Disney’s stock, which has been struggling all year, rallied on Wednesday as the entertainment giant reported surprisingly strong earnings.…
Reports of the 60/40 portfolio’s demise are proving to be premature
The balanced stockbond portfolio is defying the widespread argument that it is no longer an appropriate approach. Source：MarketWatch
Lilly’s revenue soars 48%, driven by demand for its GLP-1s
Lilly’s sales were driven by higherthanexpected demand for Mounjaro and Zepbound, its GLP1 drugs for Type 2 diabetes and weight loss. Source：MarketWatch
Circle shares jump as earnings beat offsets revenue miss, Arc blockchain gains Wall Street backing
Shares jumped 10% in premarket trading as the stablecoin issuer revealed institutional adoption for its layer 1 blockchain Arc. Source：CoinDesk
Bitcoin, broader market fail to keep pace as global equities hit record highs
Derivatives data show subdued activity in bitcoin and ether but aggressive positioning in select altcoins. Source：CoinDesk