Fold Holdings obtained a $150 million revolving credit facility from Encina Lender Finance to scale its Bitcoin rewards credit card, which offers up to 4% back in Bitcoin. This debt financing avoids equity dilution and is backed by consumer credit card receivables, reflecting confidence in Fold's revenue growth. The card, issued by Celtic Bank on the Visa network, integrates Stripe for payments and is rolling out to waitlist users. While the rewards in Bitcoin add appeal, the volatility of Bitcoin poses risks to user engagement and growth.
Modine Manufacturing is pivoting from traditional markets to focus on advanced AI cooling solutions for hyperscale data centers. The company has beaten earnings and revenue estimates for four consecutive quarters, reporting $1.71 earnings per share a...
The global fleet telematics market is projected to grow from $10.42 billion in 2025 to $21.95 billion by 2032, at an 11.2% CAGR. Growth is fueled by increased adoption of advanced telematics in commercial vehicles for operational efficiency, predicti...
Bank of Nova Scotia reported strong Q2 fiscal 2026 results, with adjusted earnings of $1.47 per share beating the $1.46 estimate and revenue of $7.17 billion surpassing expectations. Key segments showed growth: Canadian Banking earnings rose 53%, Int...
Micron Technology and SK Hynix have each surpassed $1 trillion in market value due to soaring demand for high-bandwidth memory (HBM) chips driven by AI infrastructure growth. SK Hynix currently leads with a larger HBM market share and stronger ties t...
The 2026 State of Sustainable Fleets Market Brief reveals that commercial fleets are adapting to a third year of freight recession and major federal policy changes by diversifying powertrain technologies and fuels. Despite federal funding cuts and ta...
