National Vision Holdings reported a 2.2% same-store sales growth in Q2 driven by a 7.1% increase in average transaction value, despite a 4.9% drop in transaction volume indicating lost market share. Profit gains were supported by deferred marketing expenses, which could threaten future margins. Inventory levels surged 37%, raising concerns about potential discounting and margin pressure. The company’s outlook depends on reversing traffic declines through marketing and managing inventory without resorting to price cuts.
Ethereum co-founder Vitalik Buterin has publicly taken the opposite stance to a prediction that AI will cause Bitcoin's price to drop by over 50% within two years. Angel investor Liron Shapira claimed there is a 50% chance AI could break Bitcoin's se...
XYZ has posted a 25% year-over-year gross profit increase and a 27% adjusted operating margin, surpassing its guidance. This growth is fueled by a 59% rise in Cash App lending volumes and operational efficiencies following a workforce reduction earli...
After a $320 million security breach on the Liquid Network, the hackers behind the incident have offered to return "most" of the nearly 4,000 BTC they withdrew. They demand that Blockstream, the network operator, first fix the vulnerability that allo...
Harmony proposes retiring its seven-year-old layer-1 blockchain and migrating its ONE token to Ethereum as an ERC-20 token after a final network snapshot. Users must exit smart contracts by Sept. 10, and validators can begin shutting down nodes with ...
Vistra's CEO, James Burke, purchased 2,000 shares following a significant 29% decline in the company's stock price. This insider buying suggests confidence in the company's future prospects despite recent losses. Investors may view this move as a pos...
