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8/4
07:29
The BVIV, which was near 60% in early June, indicates a pervading calm in the market despite factors like a multi-million dollar Coldcard hack, anemic institutional demand, and regulatory uncertainty. US-listed spot bitcoin ETFs recorded $61.53 million in outflows last week, ending a three-week inflow streak. Additionally, USDT's market capitalization has fallen to $183 billion from nearly $190 billion in April, its lowest since October, while USDC's market value also declined to $72 billion from $79.5 billion in March. Analysts note that approximately 155,000 BTC moved into the $62,000-$65,000 cost-basis range, suggesting selling was absorbed by buyers near current prices, potentially keeping BTC range-bound.
07:27
Yahoo Finance analysis indicates that Tesla's forward price-to-earnings ratio, based on next year's expected earnings, currently stands at 140 times, significantly higher than the S&P 500's 21 times. To justify this high valuation, Tesla needs to succeed in the following five key areas: maintaining its leadership in the EV market (despite BYD's deliveries surpassing Tesla's last quarter and declining sales in the US market), substantially increasing Full Self-Driving (FSD) subscribers (currently only about 15% of owners subscribe), successfully expanding its robotaxi business, growing its energy businesses such as solar and battery storage, and most critically, ensuring immense success for its AI humanoid robot, Optimus. The analysis emphasizes that Optimus is considered Tesla's biggest future product, and its success is crucial for supporting the company's valuation.
07:07
The firm is rebalancing its fund weightings amid market volatility.
07:02
The fast-food giant also announced Skye Anderson has been named President of McDonald's USA, succeeding Joe Erlinger. U.S. comparable sales increased by 0.8%, falling short of the 1.06% estimate, and global systemwide sales grew 5.0% (4.0% at constant currency).
07:02
The U.S. drugmaker's Q2 revenue rose 5% year-over-year to $16.61 billion, surpassing analysts' average estimate of $16.36 billion. Sales of its top-selling cancer treatment Keytruda increased 5% to $8.37 billion, also exceeding estimates. Merck raised its full-year 2026 revenue forecast to $66.3 billion-$67.3 billion, up from a previous range of $65.8 billion-$67.0 billion. The company reported a quarterly loss of 13 cents per share due to a $5.7 billion charge from its acquisition of Terns Pharmaceuticals.
07:01
Despite a more than 1500% surge since its launch in November 2023 and a 104% year-to-date increase, the Hyperliquid (HYPE) token has fallen 32% since reaching an all-time high of $76.85 in mid-June. This is primarily attributed to increased competition, especially after the U.S. Commodity Futures Trading Commission (CFTC) approved the first regulated cryptocurrency perpetual futures for U.S. clients on May 29. This move allowed platforms such as Kalshi, Coinbase Global, and Robinhood Markets to enter the market. Hyperliquid, however, has not yet received approval from U.S. regulators, making its trading platform inaccessible to U.S. investors.
06:55
The dialysis service provider reported Q2 operating income (excluding special items) of €569 million, a 23% year-over-year increase, surpassing the market consensus of €515 million. Revenue reached €4.861 billion, also exceeding analysts' expectations of €4.792 billion. However, market attention focused on the 0.9% year-over-year decline in U.S. comparable same-market treatment volumes, raising concerns about the sustainability of future growth. Analysts from institutions such as JPMorgan Chase and Jefferies maintained "underweight" or "underperform" ratings on the stock, noting that management's reiteration rather than upward revision of full-year guidance could lead analysts to lower H2 earnings forecasts.
06:55
Emerging-market stocks and currencies continued to face pressure due to the lack of progress in US-Iran talks, which pushed oil prices back above $86 a barrel.
06:48
Pfizer ($PFE) Q2 adjusted EPS of $0.77 beats estimates of $0.68; revenue of $15.03B beats estimates of $14.41B, maintains FY revenue outlook. The company reported a net loss of $248 million for the quarter, with GAAP EPS at -$0.04.

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