Flowers Foods cut its dividend to address sustainability concerns after disappointing Q2 earnings and lowered full-year guidance. Management expects continued weakness in Q3 but anticipates cost savings and new products could stabilize results in Q4. The stock was upgraded to hold due to the dividend reset and low valuation, though no strong catalyst for upside is seen currently. Investors should watch for potential improvements later in the year.
Nvidia's stock surged 7.56% following its earnings report that beat Wall Street expectations, with revenue of $96.22 billion surpassing the $92.17 billion forecast and EPS at $2.22 beating the $2.10 estimate. The company also projected a robust 70% g...
DeFi Development Corp introduced the State of Solana, a free dashboard that monitors Solana's price, staking yields, validator data, and network activity to provide a broader view beyond token price. The company holds over 2.29 million SOL tokens, wo...
Manpreet Kohli, CEO of Saitama, lost his UK court challenge against extradition to the US where he faces charges of wire fraud and cryptocurrency market manipulation involving a token once valued at $7.5 billion. US prosecutors allege Kohli secretly ...
Shares of Alien Metals Ltd rose 4% following diamond drilling results from the Elizabeth Hill Silver Project in Western Australia, reported by joint venture partner West Coast Silver. The drilling revealed a remarkable 38.3 meters grading 878 grams p...
Chainlink has introduced price feeds for four Coinbase tokenized stocks—Nvidia, Meta, Apple, and Alphabet—on the Base blockchain. These feeds allow decentralized finance (DeFi) protocols like Aave, Morpho, and Euler to use these tokens as collateral ...
