Digital Asset and the American Idea Foundation will support three US states in piloting the RISE program starting early 2027, pending federal approval. RISE aims to combine multiple benefit payments into one or two monthly disbursements while applying spending rules and protecting recipients' data using Canton Network technology. The pilot will test if this approach reduces benefit loss as recipients earn more and improves program management. Results will guide future expansions, though participating states and programs remain undisclosed.
XPeng Inc., a Chinese electric vehicle maker, is preparing to release its Q2 2026 earnings report with analysts expecting a loss of $0.06 per share but revenue of $3.02 billion. The company competes with Tesla, Nio, and Li Auto in the smart EV market...
Hunting PLC reported a 6% revenue decline to $497 million and a 12% drop in EBITDA to $62.1 million for H1 2026. Strong performance in the Subsea and Perforating Systems segments partially offset weaker results elsewhere. The company lowered its 2026...
PDD Holdings Inc. will report its Q2 2026 earnings on August 24, with expected EPS of $2.72 and revenue around $16.94 billion. Despite recent stock gains, analysts have mixed views, including an Underperform rating from BNP Paribas and a downgrade by...
JD Sports Fashion reported weaker-than-expected second-quarter sales, especially in North America, prompting a cut in its full-year profit guidance. This led to a nearly 15% drop in its stock price. Analysts from Citigroup, UBS, and Shore Capital mai...
Jones Lang LaSalle's CEO sold 2,000 shares worth over $773,000, yet major investors like BlackRock increased holdings significantly, showing confidence. BlackRock now owns over 10% of the company after a $1.45 billion stake purchase. Other firms also...
