Petco Health and Wellness Company reported strong Q2 2026 earnings, with earnings per share (EPS) rising from $0.05 to $0.13, beating expectations despite flat revenue. The company’s net income reached $38.7 million, and operating cash flow nearly doubled, helped by a one-time tariff refund. Growth is driven by the 'Reach for the Sky' strategy focusing on consumables, services, and omnichannel expansion. The analyst reaffirms Petco as a 'strong buy' due to its attractive valuation, ongoing debt reduction, and positive EBITDA outlook despite modest revenue growth.
When Bitcoin collateral is liquidated in DeFi lending, the protocol sells or transfers BTC-linked tokens like WBTC, tBTC, or sBTC to repay borrower debt. This process reduces both debt and collateral but may not fully cover the loan, potentially leav...
Tether reported a net operating profit of $1.3 billion in Q2 2026, driven by its USDT stablecoin. The company holds $5.2 billion in excess reserves beyond what is needed to back USDT tokens, primarily invested in short-term U.S. Treasury bonds that g...
Ripple CEO Brad Garlinghouse expressed optimism that the US can become the global center for cryptocurrency following a White House meeting with major crypto firms and regulators. The meeting, attended by leaders from Coinbase, Robinhood, Nasdaq, and...
A Bitcoin address inactive since 2011 transferred 40 BTC valued at about $3.1 million, linked to a New York lawsuit claiming ownership of 39,069 allegedly abandoned wallets. The move proves control of the private key but does not confirm legal owners...
Fiinu, a UK fintech company, saw its shares rise over 6% after its Plugin Overdraft platform entered production following a revised agreement with Conister Bank. The updated deal sets a new timeline and commercial framework for launching a proof-of-c...
