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7/30
12:35
U.S. restaurant chain Shake Shack reported its first-quarter financial results, with revenue rising 14.3% year-over-year to $366.7 million and same-store sales increasing 4.6%. The company reported a net loss of $300,000 for the first quarter, compared to a net profit of $4.5 million in the same period last year. Due to rising beef costs, pre-opening expenses, and investments in technology and marketing, Shake Shack lowered its second-quarter revenue forecast to $415 million–$420 million (down from $424 million–$428 million) and reduced its full-year adjusted EBITDA forecast to $225 million–$235 million (down from $230 million–$245 million). The company will release its second-quarter financial results on August 5.
12:30
Peter Schiff, a well-known economist and long-time critic of Bitcoin, has warned that the sell-off currently sweeping through tech stocks could eventually spread to the broader U.S. stock market and deal an even heavier blow to cryptocurrencies Bitcoin. He believes that Bitcoin, as high-risk assets rather than safe-haven assets, will face more severe sell-offs than traditional markets during a deep stock market decline.
12:30
Coinbase is preparing for its upcoming earnings report. Meanwhile, Bitcoin and cryptocurrency mining stocks are experiencing price increases, driven by the ongoing AI trade.
12:29
Coinbase CEO Brian Armstrong said on the social media platform X that Coinbase is driving the adoption of cryptocurrency among major financial institutions such as Morgan Stanley.
12:24
Sustainable womenswear brand Reformation Inc. opened flat on its trading debut Thursday, trading at its initial public offering (IPO) price. The company, backed by private equity firm Permira, raised $210.9 million in the listing, which was priced at the bottom of its marketed range.
12:22
U.S. mortgage rates have climbed to their highest point in a year, making home loans more expensive for borrowers.
12:14
Shares of Silicon Motion (SIMO) rose significantly, aligning with a broader positive trend observed across the chip stock sector today.
12:14
Chipotle Mexican Grill (CMG) reported second-quarter 2026 results that exceeded Wall Street expectations and raised its full-year outlook, driving its stock price up nearly 13%. The company posted adjusted earnings per share of $0.33 and revenue of $3.35 billion, both slightly above analysts’ expectations. Chipotle expects comparable restaurant sales to grow in the low single digits in 2026, up from its previous forecast of flat growth, and plans to open 350 to 370 new restaurants.
12:14
Intel and AMD stocks surged 13% each, while Taiwan Semiconductor (TSM) rallied 7%. The iShares Semiconductor ETF (SOXX) also jumped 8%. These gains in AI-chip stocks occurred as the NASDAQ 100 climbed 2.6%, signaling a clear "risk-on" mood in the tech sector after yesterday's sharp pullback.
12:08
Tokenized-assets firm Ondo Finance is considering an acquisition valued at $250 million to $500 million. The New York-based company, which specializes in bringing traditional financial assets on-chain and manages over $2.5 billion in tokenized real-world assets, is reportedly evaluating wealthtech targets. This potential move comes as consolidation accelerates across crypto infrastructure. An Ondo representative stated the company is not currently in acquisition conversations but regularly evaluates the market.
12:03
Against the backdrop of surging demand for memory driven by artificial intelligence (AI), U.S. memory chip manufacturers Micron (Micron) and SanDisk have both signed massive long-term supply agreements. Micron. disclosed that it has signed 16 strategic customer agreements, causing its remaining performance obligations to jump from approximately $5 billion to approximately $100 billion.SanDisk has also signed five multi-year supply agreements, three of which have minimum revenue commitments totaling $42 billion. These agreements are designed to mitigate cyclical fluctuations in the memory market and lock in strong demand from AI servers for high-bandwidth memory (HBM), DRAM, and NAND chips.Market intelligence firm TrendForce forecasts that DRAM contract prices will rise by 93%–98% in the first quarter of 2026 and by 58%–63% in the second quarter, while NAND flash prices are also expected to remain strong.Although the stock prices of both companies have pulled back somewhat over the past month (Micron. down about 20% and SanDisk down about 30%), they are both viewed as beneficiaries of AI-driven memory demand.
11:58
Preformed Line Products (PLPC), a manufacturer of wire products, reported its second-quarter results, with earnings per share of $4.49, far exceeding analysts’ expectations of $2.58; sales reached $212.7 million, also higher than the expected $193 million. Driven by this positive news, the company’s stock price rose 28%. Second-quarter sales rose 25% year-over-year, setting a new quarterly record, with sales in the U.S. market increasing 32% year-over-year.
11:57
Arm stock is surging today after the semiconductor company reported better-than-expected results for the first quarter of its 2027 fiscal year and provided strong guidance for the current quarter. Arm posted non-GAAP earnings per share of $0.45 on sales of $1.29 billion, exceeding average analyst targets of $0.40 per share and $1.27 billion, respectively. The company also projected current quarter revenue between $1.36 billion and $1.4 billion, with the midpoint of adjusted EPS guidance beating analyst forecasts. The surge is also supported by a broader market rebound, especially in chip stocks, following yesterday's sell-off, driven by strong demand for AI technologies.
11:57
A report released by RedStone shows that tokenized gold withstood the DeFi stress test during the recent sharp sell-off in gold prices. However, the report notes that despite market growth and a surge in trading volume, tokenized gold accounts for less than 2% of collateral used in DeFi lending, indicating that its adoption in the DeFi sector remains limited.
11:47
Nvidia Corp. has reportedly been identified as the previously unnamed customer for Hut 8 Corp.'s Beacon Point data center leases in Texas. The Financial Times reported on July 28, citing sources, that Nvidia is the tenant for the 15-year leases, which cover 704 megawatts of IT capacity and have a base-term contract value of $19.6 billion. Hut 8 previously secured $4.25 billion in financing for the project. Nvidia could potentially use this capacity to deploy its AI systems or sublease to partners.
11:47
NVIDIA (Nvidia) and Japan’s Kawasaki Heavy Industries announced a partnership to build a “next-generation digital shipyard” at Kawasaki’s Sakaide plant in Japan. At the heart of this collaboration is the joint development of AI-driven robots for shipbuilding tasks such as welding, painting, inspection, and material handling.Kawasaki Heavy Industries will provide its shipbuilding data, production technology, and robotics capabilities, while NVIDIA will contribute its AI and simulation technology stack.
11:47
Global sales of electric vehicles (EVs) surged by 35% in the second quarter of 2026 compared to the first quarter, driven by an oil price shock caused by the Middle East crisis. The International Energy Agency (IEA) reported that the crisis reduced crude supply and increased oil and fuel prices, leading drivers to prefer EVs. Despite a subdued first quarter, the strong Q2 rebound meant first-half 2026 EV sales were only slightly lower than the same period last year. The IEA now projects EVs will account for 29% of total global car sales in 2026, up from its previous forecast of 28%.
11:46
Meta CEO Mark Zuckerberg stated during the company's Q2 earnings call that artificial intelligence (AI) is significantly simplifying and speeding up the development of new consumer apps. He added that Meta plans to launch more new consumer products soon, following recent releases for Facebook Groups, Marketplace sellers, Instagram, and gaming. Zuckerberg highlighted that large language models (LLMs) are enabling faster software shipping and quicker testing of new ideas.
11:35
Bank of England Governor Andrew Bailey stated there is "huge uncertainty" globally, including around energy prices, and noted a "softness" in the labor market. His comments follow the Monetary Policy Committee's decision in July to maintain interest rates at 3.75%.
11:31
Crypto exchange Kraken announced the listing of xU3O8 for trading, effective July 30, 2026. xU3O8 is a token that represents beneficial ownership of physical uranium ore concentrate (yellowcake, U₃O₈), stored in a regulated facility operated by Cameco. It utilizes decentralized ledger infrastructure and Tezos smart contract technology, with FCA-registered digital asset exchange Archax acting as trustee for investors.

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