Bitcoin remains flat near $64,000 despite global stock indexes reaching record highs driven by AI optimism and easing geopolitical tensions. Crypto-specific weakness is evident as U.S. spot bitcoin ETFs saw $5.4 billion in net outflows in H1 2026, with capital rotating into AI-linked assets. Derivatives data show subdued activity in bitcoin and ether futures but aggressive buying in select altcoins. Notably, Tether's market cap contracted sharply by $4 billion over 60 days, signaling capital leaving crypto and possibly marking late-stage selling. A sustained crypto recovery would require Tether's supply to increase again. Upcoming U.S. economic data may influence market direction.
BlackRock reported a strong third quarter with adjusted earnings of $15.93 per share, beating estimates by a wide margin and marking a 38% increase year-over-year. Revenue grew 19% to $7.75 billion, driven by $205 billion in net client inflows, inclu...
Home BancShares will release its Q3 2026 earnings report on October 14, with analysts expecting earnings per share of $0.64 and revenue around $293-$294 million, marking a 5.5% revenue increase and 4.9% EPS growth from last year. The bank's P/E ratio...
Hyperion Materials & Technologies has acquired The Ultra-Met Company, a tungsten carbide manufacturer based in Urbana, Ohio, to expand its capabilities in serving the US aerospace and defense sectors. Ultra-Met works closely with the US Department of...
Morgan Stanley reported Q3 earnings per share of $3.03, surpassing analyst estimates of $2.93 and $2.83 consensus. Revenue reached $20.34 billion, a 12% increase year-over-year and above the $19.93 billion estimate. Strong equity trading and record w...
Bank of New York Mellon is set to report its Q3 2026 earnings, with analysts expecting earnings per share of $2.27 and revenue of $5.55 billion. This represents an 18.3% increase in earnings and a 9.5% rise in revenue compared to the previous year, d...
