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7-Eleven to close 200 stores and convert 350 to fuel sites in 2026 amid declining traffic

Market News
16 Jul 2026
Fox Business
View Source
Bearish
pluang ai news

7-Eleven's parent company, Seven & i Holdings, plans to close 200 unprofitable stores and convert 350 convenience stores to wholesale fuel sites in fiscal year 2026. The company is also converting 390 stores to franchises and opening 205 new locations, aiming to streamline operations amid declining customer traffic. These changes will reduce the total number of U.S. 7-Eleven stores from 12,712 to 12,272 by the end of the year. Remodeling of 200 stores is set to begin in the second half of the fiscal year as part of the restructuring efforts.

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XRP whale transactions over $1M spike 280% in 24 hours, signaling major holder activity.

XRP whale transactions over $1M spike 280% in 24 hours, signaling major holder activity.

In August 2026, XRP saw a 280% surge in whale transactions exceeding $1 million within 24 hours, with over 38 such transfers recorded. This spike follows a week where whales accumulated more than 380 million XRP, indicating increased large-holder eng...

Technical Signals
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4 hours ago
Moscow Exchange to launch Bitcoin and Ethereum perpetual futures in September amid new crypto law.

Moscow Exchange to launch Bitcoin and Ethereum perpetual futures in September amid new crypto law.

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Ethereum outperforms Bitcoin as ETH/BTC ratio breaks multi-year downtrend, driven by tokenization and AI demand.

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Bullish
4 hours ago
Jane Street holds over $1B in U.S. spot Bitcoin ETF shares, led by $828M in BlackRock's IBIT as of June 30, 2026.

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Jane Street disclosed owning more than $1 billion in U.S. spot Bitcoin ETF shares as of June 30, 2026, with about $828 million invested in BlackRock's iShares Bitcoin Trust (IBIT). This represents a significant rebound from the previous quarter when ...

Market News
Bullish
4 hours ago
Bitcoin rises above $64,000 as miners cut computing power for AI and Venice's token jumps on $100M revenue.

Bitcoin rises above $64,000 as miners cut computing power for AI and Venice's token jumps on $100M revenue.

Bitcoin climbed above $64,000, marking the only major cryptocurrency with a notable daily gain while others slipped or stayed flat. Publicly listed bitcoin miners have reduced their computing power by 21% over three quarters to shift capacity towards...

Market News
Neutral
5 hours ago
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