WPP PLC shares fell 4.5% following Goldman Sachs' initiation of coverage with a 'sell' rating and a 240p price target, below the recent closing price of 278p. Goldman Sachs expressed skepticism about WPP's ability to restore organic growth soon, highlighting structural challenges and a weak free cash flow outlook. The bank noted that while asset sales might boost the stock, they could also reduce earnings, and forecast free cash flow to be significantly lower than past years. This bearish view contrasts with Goldman's positive ratings on WPP's rivals, Publicis and Omnicom, which are expected to benefit from growth and efficiency improvements.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
