Stock Market & Financial News
Burberry Reports Flat Sales Growth Amid Turnaround Efforts
Burberry posted flat sales growth for its first quarter, but noted that it saw growth across divisions for the first time in three years.
BURBY Kodal Minerals receives first $13m loan repayment from Bougouni operator
Kodal Minerals PLC (AIM:KOD), the West African lithium producer, has received an initial $13 million repayment from the operator of its Bougouni project in Mali, as strong spodumene prices continue to underpin the operation. The payment from mining company Les Mines de Lithium de Bougouni (LMLB) to Kodal Mining UK (KMUK) represents the first repayment of loans advanced to finance capital expenditure at the mine.
MTX Burberry's back: growth across every category for the first time in three years
Burberry Group PLC (LSE:BRBY) has had its best quarter in years, and trench coats are leading the charge. The British luxury house posted first-quarter retail revenue of £455 million for the 13 weeks to 27 June, up 5% on last year, with comparable sales also climbing 5%.
BURBY US Treasury Sanctions Iran-Linked Wallets, Tether Freezes $131 Million USDT
The U.S. Treasury has expanded sanctions tied to Iran's central bank to include four cryptocurrency wallets, triggering another large-scale freeze of Tether (USDT) and underscoring how geopolitical risk is increasingly intersecting with market plumbing in digital assets. According to a report from Odaily, the newly sanctioned wallets were linked to Iran's central bank.
ACV: Better Than A Bond Fund, But Tech Exposure Is A Risk
The Virtus Diversified Income & Convertible Fund offers a 7.76% yield, primarily through convertible bonds with significant technology sector exposure. ACV's convertible-heavy portfolio provides downside protection versus equities and higher yields than common stock, but total returns may lag in bull markets. Despite tech concentration, ACV's largest holdings differ from the S&P 500, reducing single-company risk but maintaining sector vulnerability.
ACV 
DeFi's Newest Threat: How Malicious Liquidity Pools Are Trick-Quoting Ethereum and Polygon Users
DeFi infrastructure firm Enso has identified a new class of malicious liquidity pools called “toxic pools.” Unlike traditional exploits that steal funds directly, these pools manipulate transaction simulations.
Circle brings USDC Gateway and global fiat payouts to Fireblocks
Circle integrates Gateway and CPN with Fireblocks, giving institutions unified USDC balances and local fiat payouts across more than 50 countries.
How BONK's post-exploit moves could spur a price decline of 18%
A 120% spike in daily trading volume and a 30% uptick in Open Interest alongside a 6% BONK price slide outlined extreme selling pressure.
U.S. Spot Bitcoin ETFs Attract $79M While Ethereum Funds Extend Outflow Streak
U.S. Bitcoin ETFs recorded $79.15M in inflows on July 16, led by BlackRock's IBIT, while Ethereum ETFs posted $28.04M in outflows.
USD/JPY Price Forecast: Trades near 162.50 after breaking above nine-day EMA
USD/JPY Price Forecast: Trades near 162.50 after breaking above nine-day EMA
Sweden's Saab posts record orders as fighter jet maker cashes in on higher defense spending
Swedish defense company Saab beat earnings expectations in the second quarter amid booming demand for military equipment. Order backlog amounted to 317.7 billion crowns, up from 197.6 billion a year ago and marking a fifth straight quarter of a growing order book.
SAABF 
Saab Backs Guidance as Defense Demand Remains Strong
The Swedish defense company backed its medium-term growth guidance after signing several large orders recently.
SAABF 
$55: New YTD low for Silver price
$55: New YTD low for Silver price
How $1.2B Bitcoin options expiry could shape the next BTC move
Bitcoin and Ethereum options worth $1.43B expired as BTC held near $63,000 and ETH put demand rose, according to Greeks.live data.
Uber Technologies Sees Delivery Hero Deal Unlocking 50M Users and $1.2B in Synergies
Uber Technologies NYSE: UBER executives said the company's proposed acquisition offer for Delivery Hero is intended to expand its cross-platform mobility and delivery strategy into additional markets while remaining within Uber's financial discipline and capital allocation framework.
UBER 
Pound Sterling Price News and Forecast: GBP/USD softens to near 1.3470 in Friday's Asian session
Pound Sterling Price News and Forecast: GBP/USD softens to near 1.3470 in Friday's Asian session
Here's why Tokyo Electron, Advantest, and Kioxia stocks are plunging today
The Nikkei 225 Index slumped by over 5% today, July 17, as the rout in Asian technology companies accelerated. It has now moved into a technical correction after falling by 12% from its highest point this year.
ATEYY 
Anton Bukov Steps Away From 1inch to Build Second Tier
1inch co-founder Anton Bukov says he was fired after pushing for management changes and is now building a new project called Second Tier.
Volvo Car Expects Sales to Strengthen on European Growth, U.S. Recovery
Volvo Car expects growth in Europe and a recovery in the U.S. to spur significantly stronger sales in the second half of the year, despite continued challenges in China.
VLVCY 
Meta Plans to Hire Top Amazon Computing Executive as it Weighs Cloud Push
Dave Brown, one of the most senior executives at Amazon Web Services, will bring his nearly two decades of experience to Meta.
AMZN 
Defence group Saab operating profit beats forecast
Swedish defence and aerospace group Saab reported a bigger-than-expected rise in operating earnings for the second quarter on Friday as booming demand in its major markets drove a sharp rise in sales and order bookings.
SAABF 
Truckmaker Volvo's Q2 operating profit rises, orders jump
Swedish truckmaker Volvo Group reported on Friday a rise in second-quarter operating profit that roughly matched expectations as sales rose, and said its truck order intake increased by 33% from a year earlier.
VLVCY 
EUR/USD Price Forecast: Stays pressured below mid-1.1400s after failing near 200-SMA on H4
EUR/USD Price Forecast: Stays pressured below mid-1.1400s after failing near 200-SMA on H4
Sea Limited: 3 Growth Engines, 1 Undervalued Stock
Sea Limited integrates Shopee, Monee, and Garena into a synergistic business model spanning e-commerce, financial services, and gaming. Q1 2026 results demonstrated robust growth across all segments, with revenue surpassing $7 billion, up 47% year-over-year. Adjusted EBITDA exceeded $1 billion for the first time, signaling operational efficiency and a clear path to sustainable profitability.
SE 
Volvo Cars posts smaller profit for the second quarter
Sweden's Volvo Cars on Friday reported a decline in profits for the second quarter compared with the first three months while the automaker hopes to speed up its recovery with deliveries of the new EX60 electric model in the time ahead.
VLVCY 
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Tamarack Valley Energy: High-Quality Producer, Still Undervalued
Tamarack Valley just went all-in on Clearwater. The stock is already up significantly, yet I still see a significant upside. The real story isn't the oil in the ground - it's how TVE gets it out. The waterflooding technique could unlock decades of growth most investors are ignoring. A double-digit free cash flow yield, high production growth, and net cash on the balance sheet. An easy Strong Buy from me.
TNEYF 
ATRenew Touts Recycling Scale, 32% Revenue Growth and Bigger Trade-In Ambitions
ATRenew NYSE: RERE outlined its recycling and trade-in strategy for investors at the 94th Emerging Growth Conference, with Head of Investor Relations Jessie Jin emphasizing the company's scale in China's secondhand consumer electronics market and its efforts to expand into additional categories and overseas circulation channels.
RERE 
Philippines Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
