Fomo, a social trading app on Solana, recently posted higher 24-hour revenue than Hyperliquid, a dominant perpetual trading platform in crypto. Although Hyperliquid regularly sees daily revenues in the millions, Fomo's peak near $399K in a day highlights growing user interest in social trading and token swaps on Solana. Fomo's revenue mainly comes from transaction fees on token swaps, with perpetual futures trading added in June 2026. This milestone reflects shifting user behavior in DeFi, where social features and ease of trading are gaining traction alongside established platforms. Fomo's strong growth, backed by a $75M funding round and over 625,000 users, suggests it will continue to challenge traditional DeFi giants.
J.Jill reported strong Q2 earnings, beating estimates with $1.24 EPS and $154.83M revenue, driven by sales growth and direct sales increase. Following this, BTIG raised its price target to $25, suggesting a 15.74% upside. The company also raised its ...
BMO Capital Markets initiated coverage of Lululemon Athletica with an Underperform rating and a $70 price target, citing weakening demand in key markets and margin pressures. This follows a 4% revenue decline in Q2 and a reduced full-year forecast. M...
Core & Main reported strong Q2 earnings with EPS of $0.94, surpassing the $0.92 analyst estimate and showing an 8% increase year-over-year. Revenue reached $2.15 billion, slightly above the $2.14 billion expected, supported by robust municipal infras...
Korn Ferry reported strong Q1 results with earnings per share of $1.43 and revenue of $756.5 million, both exceeding analyst expectations and marking continued growth. Despite this, the stock fell due to conservative guidance for the next quarter, wh...
Apple's new foldable phone, the Duo, features a hinge designed using AI and 3D printing to enhance durability and reduce wear. The company uses AI algorithms to match each hinge perfectly with its housing and applies a custom photopolymer layer to sm...
