Fidelity has introduced the FYMXX, a government money market fund designed for stablecoin issuers under the GENIUS Act, starting operations on June 15, 2026. The fund invests in U.S. Treasury securities and other government-backed assets to maintain a stable $1 net asset value, charging a 0.25% management fee. This move positions Fidelity alongside other major asset managers like State Street and Blackrock in the growing $315 billion stablecoin market, providing a regulated, liquid, and conservative option for stablecoin reserve assets. The launch highlights the increasing integration of traditional finance with the digital dollar economy as regulatory frameworks evolve.
Willis Towers Watson, a global advisory firm, is poised for growth with a 25.3% potential stock upside, driven by new initiatives like KwantSure, a digital insurance sales channel for subcontractors, and a Geospatial Mortality Model to improve pensio...
AngioDynamics reported an 8% revenue increase to $86.6 million in Q4, driven by a 16.7% sales rise in its Med Tech division, notably from NanoKnife and AlphaVac products. H.C. Wainwright raised the price target from $16 to $19 and maintained a Buy ra...
PNC Financial Services Group reported Q2 2026 adjusted EPS of $4.85 and record revenue of $6.88 billion, surpassing analyst expectations. The growth was driven by a 15.5% rise in net interest income and a 31.4% increase in fee income, reflecting stro...
Greenlight, a leading cannabis operator, expanded its Ohio presence by opening four new dispensaries and adding in-state manufacturing, reaching the state's maximum allowed eight dispensaries. This move strengthens Greenlight's position in Ohio's lim...
Halper Sadeh LLC is investigating whether shareholders of Element Solutions Inc (ESI), Crinetics Pharmaceuticals (CRNX), and Solstice Advanced Materials (SOLS) are receiving fair treatment in their respective sale and merger transactions. The firm hi...
