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US blacklists 43 Chinese firms over forced labor, raising costs for solar-powered Bitcoin miners.

Market News
31 Jul 2026
Crypto Briefing
View Source
Bearish
pluang ai news

The US Department of Homeland Security added 43 Chinese companies to the Uyghur Forced Labor Prevention Act (UFLPA) Entity List, marking the largest single expansion since 2022. These companies, involved in sectors like polysilicon production, aluminum, and mining minerals, are linked to forced labor allegations. This move disrupts global supply chains, particularly impacting Bitcoin miners who rely on Chinese-made solar panels, increasing their costs and compliance burdens. Investors should watch for potential profit margin pressures on US-based miners and shifts in mining operations overseas due to these restrictions.

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Engie beats earnings expectations with $0.66 EPS and doubles revenue on strong gas trading and power fees

Engie beats earnings expectations with $0.66 EPS and doubles revenue on strong gas trading and power fees

Engie reported an EPS of $0.66 for the first half of 2026, significantly surpassing analyst estimates of $0.33, alongside a 3.3% rise in earnings. The company's revenue soared to $41.52 billion, more than double the consensus estimate, driven by succ...

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Dolby Labs' returns just cover costs, showing no significant value creation.

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Dolby Laboratories' Return on Invested Capital (ROIC) is 8.15%, nearly matching its Weighted Average Cost of Capital (WACC) at 8.16%. This means the company is covering its capital costs but not generating significant new value from its investments. ...

Market News
Neutral
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Mohawk Industries posts Q2 2026 net income of $196M, EPS $3.22, beating expectations with strong pricing and volume growth.

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Mohawk Industries reported a net income of $196 million and earnings per share (EPS) of $3.22 for Q2 2026, surpassing expectations due to growth in volume, pricing, and product mix. Net sales rose 6.8% to $3.0 billion, though adjusted sales were down...

Company Fundamentals
Bullish
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Mohawk Industries posts Q2 2026 net income of $196M, EPS $3.22, beating expectations with strong sales growth.

Mohawk Industries posts Q2 2026 net income of $196M, EPS $3.22, beating expectations with strong sales growth.

Mohawk Industries reported net income of $196 million and earnings per share (EPS) of $3.22 for Q2 2026, surpassing expectations due to volume growth, pricing, and product mix improvements. Net sales rose 6.8% to $3 billion compared to the previous y...

Company Fundamentals
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BJ's Restaurants stock jumps after analyst raises target and strong Q2 earnings beat expectations

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