tanit boonruen Payward, the parent of crypto exchange Kraken ( KRAKEN ), agreed to acquire Reap Technologies Holdings, a stablecoin-native, card-issuing, and payments infrastructure company, for $600M, the company said Thursday. The acquisition will expand Payward Services, the company's business-to-business, or B2B, infrastructure platform, providing a globally regulated infrastructure for card i...
tanit boonruen Payward, the parent of crypto exchange Kraken ( KRAKEN ), agreed to acquire Reap Technologies Holdings, a stablecoin-native, card-issuing, and payments infrastructure company, for $600M, the company said Thursday. The acquisition will expand Payward Services, the company's business-to-business, or B2B, infrastructure platform, providing a globally regulated infrastructure for card issuance and stablecoin payments. Payward Services provides to its customers a single integration point for the infrastructure they need to build 24/7 financial products — covering crypto trading, custody, tokenized assets, on/off-ramps, and derivatives. Reap extends that platform into the global cards and payments space. Payward's partners will be able to embed card issuance, cross-border payments, and stablecoin treasury services alongside Payward's existing capabilities without assembling multiple vendors or managing fragmented infrastructure, it said. "Reap is the payments layer for what comes next. Card networks, banking rails, and blockchains on a single API, settling in stablecoins," said Payward Co-CEO Arjun Sethi. The transaction follows Payward's acquisitions of NinjaTrader, Bitnomial, and Backed and continues its strategy of expanding the platform through capability-focused transactions, it added. More on Kraken Co Ltd Kraken parent to acquire U.S. derivatives exchange for $550M - report Deutsche Börse invests $200M in Kraken parent Payward for 1.5% stake Crypto exchange Kraken pauses IPO plan until market conditions improve
Three NASDAQ names are rocketing higher on Thursday, May 7, in moves that stand out even in a strong tape. Himax Technologies (NASDAQ:HIMX) stock is up 45% intraday to $17.88, Fluence Energy (NASDAQ:FLNC) stock is up 33% to around $18, and Datadog (NASDAQ:DDOG) stock is up roughly 30% to $186.50. That’s three different industries (semiconductors, ... 3 Stocks up 30% Today: HiMax, Fluence, DataDog ...
Three NASDAQ names are rocketing higher on Thursday, May 7, in moves that stand out even in a strong tape. Himax Technologies (NASDAQ:HIMX) stock is up 45% intraday to $17.88, Fluence Energy (NASDAQ:FLNC) stock is up 33% to around $18, and Datadog (NASDAQ:DDOG) stock is up roughly 30% to $186.50. That’s three different industries (semiconductors, ... 3 Stocks up 30% Today: HiMax, Fluence, DataDog All Soar
An aerial view of the Shimao Shenzhen-Hong Kong International Centre under construction in Shenzhen, Guangdong province. Photo: VCG State-owned developer China Resources Land Ltd. acquired a stalled mega-project site in Shenzhen for 7.05 billion yuan ($1.03 billion) on Wednesday, ending a four-year standstill after the previous owner defaulted. The company secured the commercial and residential pa...
An aerial view of the Shimao Shenzhen-Hong Kong International Centre under construction in Shenzhen, Guangdong province. Photo: VCG State-owned developer China Resources Land Ltd. acquired a stalled mega-project site in Shenzhen for 7.05 billion yuan ($1.03 billion) on Wednesday, ending a four-year standstill after the previous owner defaulted. The company secured the commercial and residential parcel in Shenzhen’s Longgang district at the base asking price after local authorities repossessed the undeveloped land and revised zoning rules to attract new investment.
MDoculus Alphabet's ( GOOG ) ( GOOGL ) Google has launched Fitbit Air, a screenless health and fitness tracker powered by AI at $99.99. Google said Fitbit Air is designed to unlock the full power of the Google Health Coach — which is built on the company's Gemini AI models. The tech giant noted that Fitbit Air Fitbit Air is its smallest tracker yet — which uses high-fidelity sensor technology in a...
MDoculus Alphabet's ( GOOG ) ( GOOGL ) Google has launched Fitbit Air, a screenless health and fitness tracker powered by AI at $99.99. Google said Fitbit Air is designed to unlock the full power of the Google Health Coach — which is built on the company's Gemini AI models. The tech giant noted that Fitbit Air Fitbit Air is its smallest tracker yet — which uses high-fidelity sensor technology in a tiny pebble that enables advanced health and fitness tracking such as 24/7 heart rate, heart rhythm monitoring with atrial fibrillation alerts, SpO2, or blood oxygen levels, resting heart rate, heart rate variability, sleep stages and duration. The band has up to a week of battery life, and fast charging gives you a full day of power in just five minutes. The tracking pebble is removable and can be used with different colors of bands the company is offering. Google said that co-designed with Stephen Curry, the Fitbit Air Special Edition Performance Loop band comes in a rye brown and a pop of game-day orange. Last month, Curry, an NBA player for the Golden State Warriors, had teased the device on social media without elaborating on the branding or functionality. The company said that Fitbit Air is compatible with Android and iOS and available for pre-order, starting today for $99.99. It includes a three-month trial of Google Health Premium, giving full access to Google Health Coach right out of the box. The Google Fitbit Air Special Edition will also be available for pre-order today, and on-shelf in the U.S. May 26 for $129.99. Accessory bands are available for pre-order starting at $34.99. Built with Gemini, Google Health Coach gives personalized insights and acts as a fitness coach, sleep expert, and health and wellness advisor. Google launched Public Preview last year, and starting May 19, Health Coach will exit preview and become available globally as part of the Google Health Premium subscription, according to the company. Meanwhile, some wearable makers like Apple ( A...
India has overtaken China as the world’s most populous country and is positioning itself as the leading destination for manufacturing capacity that multinationals are relocating from China. INDA is the most liquid India ETF with $8.2B in AUM, EPI applies a profitability filter, and IND opens up the broader mid- and small-cap layer of the ... Why INDA Dominates, But These 2 India ETFs Deserve Your ...
India has overtaken China as the world’s most populous country and is positioning itself as the leading destination for manufacturing capacity that multinationals are relocating from China. INDA is the most liquid India ETF with $8.2B in AUM, EPI applies a profitability filter, and IND opens up the broader mid- and small-cap layer of the ... Why INDA Dominates, But These 2 India ETFs Deserve Your Attention
Anthropic's latest AI agents are designed to win over Wall Street — but experiments show LLMs aren't ready to replace traders. Justina Lee explains why your fund manager is safe in their job, for now. (Source: Bloomberg)
Anthropic's latest AI agents are designed to win over Wall Street — but experiments show LLMs aren't ready to replace traders. Justina Lee explains why your fund manager is safe in their job, for now. (Source: Bloomberg)
Earnings Call Insights: Valvoline Inc. (VVV) Q2 fiscal 2026 Management view "We delivered strong second quarter results that reflect consistent execution across our business" (CEO, President & Director Lori Flees), adding that results included "robust top line growth EBITDA margin expansion and improved cash flow generation" and that the company is "updating our guidance for the full year to refle...
Earnings Call Insights: Valvoline Inc. (VVV) Q2 fiscal 2026 Management view "We delivered strong second quarter results that reflect consistent execution across our business" (CEO, President & Director Lori Flees), adding that results included "robust top line growth EBITDA margin expansion and improved cash flow generation" and that the company is "updating our guidance for the full year to reflect" momentum. "Systemwide store sales increased nearly 20% and net sales grew 25%" (CEO Flees), with "system-wide same-store sales" at "8.2%"; Flees said "Ticket drove about 2/3 of the comp" and added, "We have not seen any signs of trade down or deferrals." "As we enter the third quarter... we have started to see costs increase" (CEO Flees), who tied uncertainty to "the length of the Middle East conflict" and said, "both company and some franchisees have taken pricing actions, which we expect will mitigate the cost increases on a dollar basis." "We continue to make steady progress integrating Breeze Auto Care into our platform" (CEO Flees), and said, "The financial contributions from Breeze were better than expected for the quarter" due to "improved execution related to store level expenses" and "early delivery of G&A synergies specific to payroll and procurement." "We added 31 new stores for the quarter" (CEO Flees) and ended at "a total store count of 2,409," while noting "the timing of the new store additions continues to weigh towards the back half of the year." "We delivered strong top line growth with net sales of $504 million" (Senior VP & CFO John Willis), and reported "EBITDA increased 28% and to $134 million" with "margin expanding 60 basis points to 26.5%," while "EPS increased 21% to $0.41 per share" and "free cash flow was $45 million." Outlook "On Slide 7, you'll see our updated guidance, which includes raising same-store sales, EBITDA and EPS outlook for the full year" (CFO Willis), while adding, "we are seeing increased costs in the third quarter, and we ex...
(RTTNews) - Following the rally seen during the previous session, Canadian stocks have shown a lack of direction over the course of the trading day on Thursday.
(RTTNews) - Following the rally seen during the previous session, Canadian stocks have shown a lack of direction over the course of the trading day on Thursday.
Earnings Call Insights: Energy Recovery (ERII) Q1 2026 Management View "First is our new product, the PX Q650. We launched the product in March, have already received our first commercial order and are working with multiple large customers to design it into large desalination plants. It's off to a strong start, and we're excited about the commercial momentum that we've achieved in such a short tim...
Earnings Call Insights: Energy Recovery (ERII) Q1 2026 Management View "First is our new product, the PX Q650. We launched the product in March, have already received our first commercial order and are working with multiple large customers to design it into large desalination plants. It's off to a strong start, and we're excited about the commercial momentum that we've achieved in such a short time." (President, CEO & Director David Moon) "Second, two leadership updates. I've informed the Board of my intention to retire and a search for my successor is underway. Until that person is named, I'm fully engaged in my role." (President, CEO & Director David Moon) "We're also announcing that Mike Mancini has resigned as CFO. Aiden Ryan, who joined in 2024, will take over as interim CFO and ensure business as usual from a finance and shareholder standpoint." (President, CEO & Director Moon) "Third is the war in Iran. As we talked about in our letter, we have meaningful exposure to the Middle East, and we know the conflict will impact us. As such, our original financial guidance for 2026 is no longer reliable, and we're temporarily withdrawing guidance until we have better visibility on the evolving conflict." (President, CEO & Director Moon) "Our strategic direction will not change during this uncertain time. We remain focused on product innovation, cost discipline, manufacturing transformation and the growth of our wastewater business." (President, CEO & Director Moon) "So, we are pausing our guidance on both desalination and wastewater. So we're not going to comment specifically, but there's a lot of good things going on in wastewater." (Interim Chief Financial Officer Aidan Ryan) Outlook "Our original financial guidance for 2026 is no longer reliable, and we're temporarily withdrawing guidance until we have better visibility on the evolving conflict." (President, CEO & Director David Moon) "We are pausing our guidance on both desalination and wastewater." (Interim Chief...
Earnings Call Insights: Savers Value Village (SVV) Q1 2026 Management View "We are pleased with our first quarter results as we once again delivered strong sales performance and continued our earnings inflection with the second consecutive quarter of year-over-year adjusted EBITDA growth." (CEO, President & Director Mark Walsh) "Sales in our U.S. business grew 11.2% with comps up 6.4%, driven by b...
Earnings Call Insights: Savers Value Village (SVV) Q1 2026 Management View "We are pleased with our first quarter results as we once again delivered strong sales performance and continued our earnings inflection with the second consecutive quarter of year-over-year adjusted EBITDA growth." (CEO, President & Director Mark Walsh) "Sales in our U.S. business grew 11.2% with comps up 6.4%, driven by both average basket and transactions." (CEO Walsh) "In Canada, our sales trends were largely as expected with a 0.6% comp decrease during the quarter, reflecting a roughly 70 basis point headwind due to an early Easter." (CEO Walsh) "We opened 3 new stores during the quarter, all of which were in the U.S., and we continue to expect around 25 total new store openings this year." (CEO Walsh) "I would like to highlight the progress we're making through a strategic partnership with Microsoft." (CEO Walsh) "For several months, Microsoft has had a team of forward deployed engineers working closely with Savers to embed AI agents directly into our operating model." (CEO Walsh) "Total net sales increased 8.9% to $403 million." (CFO & Treasurer Michael Maher) "GAAP net loss for the quarter was $5 million or $0.03 per diluted share." (CFO Maher) "Adjusted net income was $2 million or $0.02 per diluted share." (CFO Maher) Outlook "Our guidance and discuss our outlook for fiscal 2026, which remains unchanged from the previous full year guidance we gave back in February." (CFO Maher) "We continue to expect net sales of $1.76 billion to $1.79 billion." (CFO Maher) "Comparable store sales growth of 2.5% to 4%." (CFO Maher) "Adjusted EBITDA of $260 million to $275 million." (CFO Maher) "Approximately 25 new store openings." (CFO Maher) "We expect total revenue growth to be 100 to 200 basis points lower than the first quarter due to the impact of foreign exchange rates." (CFO Maher) "We expect constant currency total revenue and comp sales growth similar to the first quarter." (CFO Maher) Fin...
Earnings Call Insights: Becton, Dickinson and Company (BDX) Q2 fiscal 2026 Management view "We delivered a solid second quarter with revenue, adjusted margins and adjusted EPS all ahead of our expectations" (President, CEO & Chairman Thomas Polen), adding, "Reflecting our first half performance and improved visibility into the remainder of the year, we are raising our full year adjusted EPS guidan...
Earnings Call Insights: Becton, Dickinson and Company (BDX) Q2 fiscal 2026 Management view "We delivered a solid second quarter with revenue, adjusted margins and adjusted EPS all ahead of our expectations" (President, CEO & Chairman Thomas Polen), adding, "Reflecting our first half performance and improved visibility into the remainder of the year, we are raising our full year adjusted EPS guidance." "Revenue was $4.7 billion, up 2.6%" (President, CEO & Chairman Polen), and he highlighted "double-digit growth" in "biologic drug delivery, Advanced Patient Monitoring, PureWick and Advanced Tissue Regeneration," while noting results were "partially offset by focused pressure in Alaris, vaccines and China" that "represent less than 10% of revenue." "We drove share gains of approximately 50 basis points in the quarter and roughly 150 basis points year-to-date" in Alaris (President, CEO & Chairman Polen), and in BioPharma Systems he said BD "secured several significant long-term customer wins, including two next-generation GLP-1 programs," with "Biologics... now expected to represent about 55% of segment revenue." "We voluntarily placed these products on ship hold in the U.S." for ChloraPrep and PurPrep after an FDA warning letter for the El Paso facility (President, CEO & Chairman Polen), adding, "We expect this testing to take approximately 3 weeks" and "there's been no patient safety signals." "We delivered solid second quarter with $4.7 billion in revenue, up 2.6%" (Senior VP of Business Finance & CFO Vitor Roque) and said segment performance included "Connected Care grew 3.3%, led by Advanced Patient Monitoring which grew 12%" and "Interventional grew 5.3%." Outlook "We are reaffirming our full year revenue guidance of low single digits" (CFO Roque), and he added, "we expect revenue growth in the second half to be roughly similar to the first half." "We continue to expect adjusted operating margins of approximately 25%, inclusive of the impact of tariffs" (CFO Roque...
Earnings Call Insights: Watts Water Technologies (WTS) Q1 2026 Management View "We began 2026 with better-than-expected results, including record sales, operating income, operating margin and earnings per share." (Chairman, President & CEO Robert Pagano) "Organic sales rose 12% in the quarter as we benefited from price and incremental volume." (CEO Pagano) "Adjusted operating margin of 20.1% incre...
Earnings Call Insights: Watts Water Technologies (WTS) Q1 2026 Management View "We began 2026 with better-than-expected results, including record sales, operating income, operating margin and earnings per share." (Chairman, President & CEO Robert Pagano) "Organic sales rose 12% in the quarter as we benefited from price and incremental volume." (CEO Pagano) "Adjusted operating margin of 20.1% increased 110 basis points due to better-than-expected price, volume and productivity, which more than offset tariff costs, inflation and acquisition dilution of 80 basis points." (CEO Pagano) "As a result of our solid start to 2026 and expected cash flows for the remainder of the year, we announced a 21% increase to our dividend beginning in June." (CEO Pagano) "We continue to see strong momentum in data center cooling applications with sales more than doubling in the quarter as we deepen customer relationships and leverage our broad portfolio." (CEO Pagano) "Sales reached $677 million, reflecting a 21% increase on a reported basis and a 12% increase organically." (Chief Financial Officer Diane McClintock) "Adjusted earnings per share equaled $3.04, representing a 28% year-over-year increase with operational performance, acquisitions, tax and foreign exchange gains outweighing higher net interest expense." (CFO McClintock) Outlook "We are reaffirming the full year 2026 outlook we presented in February" and it "assumes the Middle East conflict is short term in nature, the current tariff structure remains in place for the remainder of the year, and there are no IEEPA tariff refunds." (CFO McClintock) "Consolidated organic sales growth is expected to be between plus 2% and plus 6%, and our reported sales growth is expected to be between plus 8% and plus 12%." (CFO McClintock) "Reported sales are expected to increase by 10% to 14% with organic sales up 4% to 8%." (CFO McClintock) "We anticipate mid- to high single-digit growth in the Americas" while "we expect a low single-digit de...
US President Donald Trump delivers remarks on 'Trump Accounts' at the Andrew W. Mellon Auditorium in Washington, DC, on Jan. 28, 2026. Brendan Smialowski | AFP | Getty Images With less than two months until the official launch of Trump Accounts , there are reports that business leaders and philanthropists may, at some point, be able to donate stock to fund grants into the new tax-deferred investin...
US President Donald Trump delivers remarks on 'Trump Accounts' at the Andrew W. Mellon Auditorium in Washington, DC, on Jan. 28, 2026. Brendan Smialowski | AFP | Getty Images With less than two months until the official launch of Trump Accounts , there are reports that business leaders and philanthropists may, at some point, be able to donate stock to fund grants into the new tax-deferred investing accounts for children . "We all want to maximize more multi-billion gifts into kids accts & the gifts may be cash / shares!" Altimeter Capital CEO Brad Gerstner, who helped spearhead the Trump administration's new savings initiative , wrote in a post on X on Wednesday. Gerstner's post came in response to a DealBook report from Wednesday, which said that there have been talks about changing the rules to allow for direct stock donations. CNBC was not able to independently verify the DealBook report, which did not disclose its sources. Dealbook reported that White House and Treasury Department officials discussed potentially expanding funding for Trump Accounts to accommodate stock donations. "The Trump administration is always open to finding new ways to build on the immense success of Trump Accounts and help the next generation of American children build wealth," a White House official said in an email in response to CNBC's query about direct stock investment. "There are, however, no new updates to share at this time." Gerstner and Invest America, the nonprofit advocacy group that has been promoting Trump Accounts, did not respond to CNBC's requests for comment. Read more CNBC personal finance coverage Used EV sales are surging — how their ownership costs compare to gas cars Trump said $465,000 in retirement savings is 'rich.' Is it? New college grads overestimate starting salaries by nearly $24,000, report finds Should you buy Series I bonds amid higher inflation? What experts say CNBC's Financial Advisor 100: Best financial advisors, top firms ranked As it stands, guidan...