Bitcoin miners earned about $1.008 billion in revenue in August, the best month since May, helped by a nearly 25% rise in bitcoin's price. Despite some spikes in bitcoin outflows from miners, most are holding their coins as the hashprice improved to $38.86 per PH/s. However, miners still face pressure from the 2024 halving, needing bitcoin prices to reach nearly $199,000 to hit a healthy hashprice of $100 per PH/s before the next halving in 2028. To thrive, miners must improve efficiency and reduce costs rather than rely solely on price increases.
Lululemon Athletica's shares dropped sharply by 19.22% to $98.37, reaching their lowest level since 2018 after the company reported disappointing earnings and revenue guidance. The firm missed revenue estimates and forecasted lower sales for Q3 and t...
Lemonade launched a new insurance product in Missouri offering Tesla drivers a 50% discount on miles driven using Tesla's Full Self-Driving (FSD) technology. This discount is based on Lemonade's analysis of crash data showing FSD reduces accident ris...
The tokenized asset market grew nearly 50% in 2026, reaching $37 billion, but only 12% of these assets are fully integrated into decentralized finance (DeFi) ecosystems, according to Centrifuge's Tokenization Snapshot 2026. Most tokenized assets act ...
Campbell's announced a 36% cut to its quarterly dividend, the first since 2001, to strengthen its balance sheet amid significant losses in its snack segment. While its Meals & Beverages division showed growth, the snack business saw a 12% revenue dec...
UBS has reaffirmed its 'buy' rating on Tesco with a 12-month price target of 545p, implying a 16.45% potential return. The broker highlights Tesco's rapid completion of 73% of its £750 million annual share buyback in the first half, the fastest pace ...
