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Banking & Finance News

Banking updates, fintech news, market movements, crypto, stock analysis, and payment system developments.

Showing 55–72 of 279 stories

Banking & Finance15 Aug

Nasdaq Surges 150 Points; US Inflation Rate Slows To 3.4% In July

U.S. stocks saw a positive trend on Wednesday, with the Nasdaq Composite climbing 150 points. This rise coincided with the announcement that the U.S. Consumer Price Index (CPI) slowed to 3.4% year-over-year in July, aligning with economist expectations. Several companies experienced significant stock movements, including OFA Group, Rocky Mountain Chocolate Factory, and Boxlight Corp seeing gains, while Planet Green Holdings, Silexion Therapeutics, and Greenland Energy Co faced declines.

SSahm
Banking & Finance15 Aug

Red Cat Stock Jumps on Trump Drone Tariff News. Analysts Think It Has 70% More Upside Potential.

Red Cat (RCAT) shares surged after former President Trump signed an order imposing tariffs of up to 100% on imported drones and components, significantly benefiting U.S. manufacturers. This move is expected to redirect demand towards domestic alternatives like Red Cat, which recently reported a six-fold increase in revenue and secured a $2.49 million U.S. Air Force contract. Despite a "SELL" opinion from Barchart, Wall Street analysts maintain a "Strong Buy" consensus with a price target suggesting over 70% upside potential.

BBarchart.com
Banking & Finance15 Aug

Abacus Global Management CEO Jay J. Jackson Disposes of 196,000 Shares in Open-Market Sale

Jay J. Jackson, CEO and Director of Abacus Global Management (NYSE:ABX), sold 196,000 shares of common stock on August 12, 2026, to cover estimated tax liabilities. The shares were sold at a weighted average price of $8.77, and Jackson still retains direct ownership of 10,397,430 shares after the transaction. This disclosure was made via a Form 4 filing with the U.S. Securities and Exchange Commission.

KKalkine Media
Banking & Finance15 Aug

Theravance Biopharma Deal Faces Investor Probe

Halper Sadeh LLC is investigating the proposed acquisition of Theravance Biopharma (NASDAQ: TBPH) by Zymeworks Inc. for $17 per share in cash plus a contingent value right. The investigation aims to determine if Theravance shareholders are receiving a fair price and if the company's board fulfilled its fiduciary duties. Theravance maintains that the deal offers significant value, representing a premium over its stock price before the acquisition announcement.

SSTL.News
Banking & Finance15 Aug

Nasdaq Firm Jiuzi Holdings Plans $1B Bitcoin Acquisition From 'Strategic Investor'

Nasdaq-listed Jiuzi Holdings Inc. announced plans to acquire 10,000 Bitcoin (BTC) in a $1 billion transaction from a strategic digital asset investor. This move aims to significantly expand the company’s digital asset reserves, strengthen its balance sheet, and position it more prominently in the global cryptocurrency market. The acquisition is part of a broader strategic partnership that includes collaboration on digital asset infrastructure and treasury optimization.

YYellow.com
Banking & Finance15 Aug

WisdomTree XRP ETF Application Submitted to SEC for Review

WisdomTree has filed a Form S-1 with the U.S. SEC for a spot XRP exchange-traded fund, aiming to expand its cryptocurrency ETF offerings. This move follows its success with a spot Bitcoin ETF and positions it alongside other applicants like Bitwise and 21Shares. Coinbase affiliates are designated as the custody provider and prime execution agent for the proposed ETF.

YYellow.com
Banking & Finance15 Aug

Exodus Makes NYSE American Debut as Crypto Enters Traditional Finance

Exodus Movement, Inc., a self-custodial cryptocurrency software company, is set to debut its Class A common stock on the NYSE American exchange under the symbol "EXOD" on December 18, 2024. This move from OTCQX trading signifies increased visibility, liquidity, and a higher corporate profile within traditional financial markets for Exodus. The listing underscores the growing acceptance of crypto enterprises on Wall Street, despite other crypto companies facing regulatory hurdles, and highlights the NYSE's evolving stance on digital assets.

YYellow.com
Banking & Finance15 Aug

Mining Royalty Firm Elemental Offers XAU₮ Dividend In Industry First

Elemental Royalty Corporation is making financial history by offering its shareholders the option to receive dividends in Tether Gold (XAU₮), a tokenized gold payout. This innovative move positions Elemental as one of the first mining royalty companies to integrate a gold-backed digital asset into its dividend structure. The decision aligns with the company's gold-focused business model and provides shareholders with direct gold exposure, potentially influencing other gold producers to adopt similar strategies.

YYellow.com
Banking & Finance15 Aug

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.70 Million Tokens, and Total Crypto and Total Cash Holdings of $9.8 Billion | Corporate

Bitmine Immersion Technologies (BMNR) has announced that its ETH holdings have reached 5.70 million tokens, contributing to total crypto and cash holdings of $9.8 billion. The company holds 4.7% of the total ETH coin supply and was recently added to the Russell 1000 Large-cap Index. Bitmine also launched MAVAN, an institutional-grade Ethereum staking platform, and projects annualized ETH staking rewards of $246 million.

EEQS News
Banking & Finance15 Aug

FaZe owner GameSquare reports $28.2m net loss in the first half of 2026

GameSquare Holdings, parent company of FaZe Esports, reported a net loss of $28.2 million for the first half of 2026, including a $10.6 million loss in Q2 2026. Despite a 117% increase in revenue to $33.0 million, significant unrealized losses of $22.4 million from cryptocurrency investments, primarily Ethereum, contributed heavily to the deficit. The company is also implementing a reverse stock split to regain NASDAQ compliance as its stock ($GAME) has been trading below the $1.00 minimum requirement for nearly a year.

DDust2.us
Banking & Finance15 Aug

Streamex Corp. Reports Second Quarter 2026 Financial Results

Streamex Corp. (NASDAQ: STEX) reported its Q2 2026 financial results, highlighting its first revenue of $0.1 million from gold lease income and a strong liquidity position of $41.8 million with no debt. The company's CEO, Henry McPhie, emphasized the strategic inflection point reached with its GLDY tokenized gold platform and announced plans to discuss future growth, including the upcoming GLDC offering, during an upcoming business update call.

GGlobeNewswire
Banking & Finance15 Aug

Solana ETF Inflows Hit $115M As Traders Hunt For A Cleaner Altcoin Bet

U.S. spot Solana ETFs have seen significant inflows, reaching $115 million in May 2026, boosting total assets under management to $1.13 billion. While these ETFs offer a cleaner altcoin investment, traders must consider factors like ETF premiums, staking risks, and issuer concentration. The robust inflows, particularly from Bitwise's Solana Staking ETF (BSOL), indicate growing institutional interest in SOL, but the article cautions against sharp reversals if flow momentum weakens.

YYellow.com
Banking & Finance15 Aug

Sysco (NYSE:SYY): A Dividend Quality Pick for Income

Sysco (NYSE:SYY) is highlighted as a quality dividend pick due to its strong dividend rating of 7, profitability rating of 7, and health rating of 5, passing ChartMill's "Best Dividend" screen. The article details Sysco's dividend yield of 2.61%, consistent dividend history, and solid profitability metrics like a 15.45% return on invested capital. While the company carries some leverage and its health rating is moderate, it is considered a steady income position rather than a high-growth stock.

CChartMill
Banking & Finance30 Sept

Global Market: Chinese stocks struggle near one-year lows as policy support disappoints

Chinese blue-chip stocks stayed near one-year lows despite Beijings latest credit, mortgage and investment support measures. The CSI 300 was headed for its steepest quarterly decline since 2022, while property and technology shares remained under pressure. Weak domestic demand, subdued trading ahead of the holiday and limited investor confidence continued to weigh on markets.

TThe Economic Times

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