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Global Markets Wrap: Barclays Surges, Yamanashi Split, Coldcard Breach
Barclays shares soar 442% from 2020 lows, Yamanashi Chuo Bank plans a stock split, and Coldcard bitcoin wallets suffer a $70M security breach.
Inno Holdings Stock Plunges 54% on Share-Count Revision
Inno Holdings shares plunged 54% after trading resumed, as a revised share count implies a $45M valuation, below its $60M ATM program ceiling.
Senate Crypto Bill Could Reshape Bank Fees and Stablecoin Rules
The Senate's CLARITY Act outlines new crypto banking revenue streams and stablecoin restrictions, with potential impacts on deposits and lending. Major banks could benefit, while community banks face risks.
Archer Aviation Gives Back Most of Thunder Gains Ahead of Q2 Report
Archer Aviation (ACHR) shares slid 2.1% Friday, giving back 77% of the gains from its Thunder defense announcement. Q2 earnings due Aug. 10 will test investor patience.
Eaton Stock Surges 8% on Record Orders Despite Lowered GAAP Outlook
Eaton shares surged 8% after Q2 orders outpaced sales, with data center orders up 85%. Adjusted EPS guidance was raised, but GAAP forecast was lowered.
Apnimed Surges 56% in Nasdaq Debut as FDA Decision Looms
Apnimed (NASDAQ:APMD) closes its first day up 56% at $25, valuing the company near $1 billion as the FDA reviews its sleep apnea treatment.
Grab's Q2 Earnings Preview: Fintech Growth and Margin Concerns
Grab's Q2 report looms as fintech margins and loan growth face scrutiny. Revenue is projected near $1 billion, with financial services driving sequential growth.
Peso's July Rally Narrows Carry Trade Advantage
The Mexican peso rose 1.02% in July, but carry trade returns are nearly offset by forecast depreciation. Banxico holds rates ahead of policy decision.