Open Standard launched Open USD, a new dollar-pegged stablecoin backed by over 140 partners including Visa, Mastercard, Stripe, Coinbase, and BlackRock, introducing a model that shares reserve yield with distribution partners. This challenges Circle's USDC, which traditionally retains most yield at the issuer level, causing Circle's stock to drop and prompting a downgrade by Mizuho Securities due to margin pressure. The shift to yield pass-through could force Circle to increase partner rebates, raise liquidity costs, and complicate compliance, potentially eroding its market share and margins. Investors should watch Circle's response on revenue-sharing, USDC supply trends, and liquidity incentives to gauge the competitive impact going forward.
Evercore ISI raised Ross Stores' price target to $276, suggesting a 12.5% upside from its current $245.36 price. The boost reflects strong expectations for Q2, with projected revenues of $6.10 billion (up 10.7%) and earnings per share of $1.92 (up 23...
Fabrinet is set to report strong Q3 2026 earnings with revenue forecasted at about $1.276 billion, a 41% increase year-over-year, driven by demand in Telecom and Data Center sectors. Earnings per share are expected to rise 45% to $3.81, reflecting ro...
Freightos reported a 15% increase in transactions and a 33% rise in gross booking value in Q2 2026, signaling deeper adoption of digital freight procurement. Platform revenue grew 19%, while buyer count rose only 4%, indicating that transaction infra...
Primary Hydrogen Corp. has acquired two exploration licences covering 1,166 hectares in Nova Scotia's Cumberland Basin, a hotspot for natural hydrogen exploration in North America. The project borders land held by well-funded partners Kavenex Energy ...
Jernigan Capital, a REIT specializing in financing self-storage facilities, saw its stock rise over 11% to $24.00, reaching a new 52-week high. Analysts have a consensus "Moderate Buy" rating with an average 12-month price target of $27.50, suggestin...
