AZ-COM Maruwa Holdings, a leading Japanese logistics company, is investing ¥1 billion in JPYC, Japan's yen-backed stablecoin, and will pay its drivers directly with the token. JPYC is the first yen-backed stablecoin approved by Japan's Financial Services Agency and is fully backed by yen deposits and government bonds. This move represents the largest real-world corporate use of stablecoins in Japan, signaling a significant step toward broader adoption of digital currency in the country's logistics sector. With strategic partners like Sony Bank, JPYC aims to expand circulation to ¥10 trillion within three years, potentially enabling drivers to spend their earnings directly at merchants integrated with Sony Bank's payment system.
UBS increased its price target for ABM Industries to $51.50 following the company's strong quarterly earnings and revenue growth. ABM reported a 4.2% revenue increase to $2.32 billion and a 19% rise in net income to $49.7 million, alongside strong ca...
Chewy reported quarterly earnings of $0.36 per share, doubling analyst estimates of $0.18, with net income rising to $80.5 million from $62 million a year ago. Quarterly revenue reached $3.33 billion, slightly above expectations, marking a 7.3% incre...
AeroVironment, a leading drone maker, is set to report its Q3 earnings on September 9, 2026, with analysts expecting EPS between $0.22 and $0.25 and revenue near $452-$456 million. The company recently secured major contracts worth over $865 million ...
Bernstein has reduced the price target for Newmont Corporation to $144, reflecting challenges including a 13% drop in gold production and rising costs expected to reach $1,680 per ounce in 2026. Despite these issues, Newmont's stock gained 34.5% in A...
Barrick Mining maintains an 'Outperform' rating from Bernstein despite a lowered price target of $56.50, down from $61.00. The company reported an 11% increase in gold production in Q2 to 796,000 ounces, with further growth expected in the coming qua...
