“Black Tuesday” descended on the New York Stock Exchange. Stock prices collapsed amid panicked selling, $14 billion in value was lost, and thousands of investors were wiped out. Continue reading Today in History: October 29, ‘Black Tuesday’ signals start of Great Depression
DATs Might Be Better Wrappers Than Spot ETFs For Some Digital Assets Continue reading DATs Might Be Better Wrappers Than Spot ETFs For Some Digital Assets
The post UPS cuts Its way to earnings beat, stock rises 13% appeared com. Delivery and logistics company UPS (NYSE: UPS) saw revenue and earnings decline in the third quarter, but the stock price was soaring Tuesday mostly on its massive layoffs and cost-cutting initiatives. The struggling company saw its stock price surge some 13% to over $100 per share in early trading on Tuesday. The stock since dropped back down to around $95 per share, up 8% on the day. UPS stock is still down about 24% year-to-date. Revenue: $21. 4B, down 4% year-over-year. This beat estimates of $20. 8B. Operating profit: $1. 8B, down 10% year-over-year. Adjusted operating profit: $2. 13B, up 8% year-over-year, Earnings: $1. 55 per share, down from $1. 80 per share in Q3 2024. Adjusted earnings: $1. 74 per share, down from $1. 76 per share in Q3 2024. This beat estimates of $1. 30 per share. The bigger story though is the company’s aggressive expense reduction efforts, which have boosted the company’s profits. “We are executing the most significant strategic shift in our company’s history, and the changes we are implementing are designed to deliver long-term value for all stakeholders,” Carol Tomé, UPS CEO, said. “With the holiday shipping season nearly upon us, we are positioned to run the most efficient peak in our history while providing industry-leading service to our customers for the eighth consecutive year.” 48, 000 layoffs and 93 facilities closed UPS has made some $2. 2 billion in cuts so far this year through the first three quarters. By the end of the fiscal year, the firm intends to shed costs by $3. 5 billion. Part of that comes from the divestiture of its Coyote Logistics business late last year. But that’s just part of its turnaround efforts. UPS has been executing on three initiatives Transformation 2. 0, Fit to Serve, and Efficiency Reimagined. These initiatives have resulted in 48, 000 layoffs, including 14, 000 executive positions and. Continue reading UPS cuts Its way to earnings beat, stock rises 13%
The post Bitget Wallet Integrates HyperEVM for Robust Cross-Chacom. Bitget Wallet, a multi-chain, non-custodial crypto wallet, has announced its official integration with the EVM-compatible smart contract execution entity, HyperEVM. The integration allows consumers to seamlessly access the Hyperliquid mainnet, explore dApps in the HyperEVM ecosystem, and trade across chains. As mentioned in the social media announcement of Bitget Wallet, the move is led by deBridge, the platform that plays a critical role in enabling reward mechanisms and cross-chain functionalities. Additionally, the integration denotes the continuous efforts of Bitget Wallet to combine speed, interoperability, and convenience for the worldwide crypto consumer base. We’re excited to announce our full integration with HyperEVM! pic. twitter. com/6800J2ChVl Bitget Wallet 🩵 (@BitgetWallet) October 28, 2025 Bitget Wallet’s Integration with HyperEVM Enables Seamless Cross-Chain Trading By integrating with HyperEVM, Bitget Wallet to offer seamless cross-chain trading and robust dApp accessibility. In this respect, the consumers can have direct interaction with the native mainnet of Hyperliquid. This unlocks unique trading opportunities apart from diverse on-chain features while remaining within the platform’s interface. Interestingly, the consumers can also access built-in trades provided by LiquidLaunchHL, delivering a smoother experience for veteran and new traders operating within the HyperEVM ecosystem. Apart from trading, a devoted DApp zone has also been launched by Bitget for projects developed in the HyperEVM ecosystem. The respective feature lets clients delve into HyperEVM-built projects, bolstering wider participation and expansion within the network. Improving Inclusive and Interconnected Web3 Experiences According to Bitget Wallet, the integration with HyperEVM positions it among the leading cross-chain wallet solution. Continue reading Bitget Wallet Integrates HyperEVM for Robust Cross-Chain Trading
Janus Henderson Balanced Fund Q3 2025 Commentary Continue reading Janus Henderson Balanced Fund Q3 2025 Commentary
Recent Bitcoin Crash Has Put $1B in sUSDe Loop Trades at Risk, Research Firm Says Continue reading Recent Bitcoin Crash Has Put $1B in sUSDe Loop Trades at Risk, Research Firm Says
Gold Price Bounces 1.5% From 3-Week Lows. Will Bulls Reclaim The $4000/Oz Handle? Continue reading Gold Price Bounces 1.5% From 3-Week Lows. Will Bulls Reclaim The $4000/Oz Handle?
Answear. com partners with Oracle Cloud to enhance merchandise financial planning, leveraging AI to support its international growth and optimize inventory management. (Read More). Continue reading Answear.com Embraces Oracle Cloud to Transform Retail Planning
Photo credits: Bpifrance French public investment bank Bpifrance is calling on the general population to help efforts to increase defence spending and support innovative start-ups, after launching a specialised defence fund on October 14. The Bpifrance Défense fund aims. Continue reading France invites citizens to invest in defence tech
The post Strategy Expands Bitcoin Holdings with $43. 4 Million Purchase, Bringing Total to 640, 808 BTC appeared com. Strategy has bought 390 BTC at a cost of about 43. 4 million again today. It was bought at an average price of $111,053 each. Strategy has acquired 390 BTC for ~$43. 4 million at ~$111,053 per bitcoin and has achieved BTC Yield of 26. 0% YTD 2025. As of 10/26/2025, we hodl 640, 808 TC acquired for ~$47. 44 billion at ~$74,032 per bitcoin. STR TRC TRK TRF TRD Strategy (@Strategy) October 27, 2025 This new acquisition has brought the company’s total Bitcoin holdings to 640, 808 BTC, purchased at an average cost of $74,032 per coin, amounting to approximately $47. 44 billion. This step confirms the aggressive accumulation policy of the company and its belief in the capacity of Bitcoin to become both a store of value and an inflation hedge in the long term. Being the biggest Bitcoin treasury of the publicly traded companies, Strategy still has the investors and analysts on board because of its daring and consistent investment tactic. The Benefits Behind the Continued Accumulation by Strategy The accumulation tactic of Bitcoin provided by the strategy has a number of obvious benefits. Having a massive chunk of its treasury using Bitcoin, the company is in a position to gain on a long-term basis as more and more institutional and retail users of the asset increase. The acquisition is an encouraging sign, showcasing strong market conviction and investor confidence in Strategy’s management and finance. As the price of Bitcoin pumps to over $115,000, and the business realizes untapped value from the newly purchased companies, it continues to strengthen the balance sheet. A few weeks ago, reports indicated that the realized profits of Strategy have hit about 31 billion in the current bull market of Bitcoin. This performance not only confirms its accumulation strategy but also places the company as a prototype for. Continue reading Strategy Expands Bitcoin Holdings with $43.4 Million Purchase, Bringing Total to 640,808 BTC