Bitget CEO Gracy Chen stated that the US government is unlikely to purchase Bitcoin on the open market for its Strategic Bitcoin Reserve before President Donald Trump’s term ends in January 2029. The reserve, established by an executive order in March 2025, only includes Bitcoin seized or forfeited through legal proceedings, with no taxpayer funds used for purchases. This makes the reserve more symbolic than a strategic asset, as no additional Bitcoin has been bought and sales are prohibited. Any future open-market purchases would require Congressional approval and budget allocation, which have not gained traction so far.
XPeng Inc., a Chinese electric vehicle maker, is preparing to release its Q2 2026 earnings report with analysts expecting a loss of $0.06 per share but revenue of $3.02 billion. The company competes with Tesla, Nio, and Li Auto in the smart EV market...
Hunting PLC reported a 6% revenue decline to $497 million and a 12% drop in EBITDA to $62.1 million for H1 2026. Strong performance in the Subsea and Perforating Systems segments partially offset weaker results elsewhere. The company lowered its 2026...
PDD Holdings Inc. will report its Q2 2026 earnings on August 24, with expected EPS of $2.72 and revenue around $16.94 billion. Despite recent stock gains, analysts have mixed views, including an Underperform rating from BNP Paribas and a downgrade by...
JD Sports Fashion reported weaker-than-expected second-quarter sales, especially in North America, prompting a cut in its full-year profit guidance. This led to a nearly 15% drop in its stock price. Analysts from Citigroup, UBS, and Shore Capital mai...
Jones Lang LaSalle's CEO sold 2,000 shares worth over $773,000, yet major investors like BlackRock increased holdings significantly, showing confidence. BlackRock now owns over 10% of the company after a $1.45 billion stake purchase. Other firms also...
