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Rocket Lab stock price crash is gaining steam: how low can it go?

Stock 3 Mins Read

Rocket Lab’s stock price plunged more than 12% on July 16, hitting its lowest level since April 13. The decline has pushed the shares down 55% from their peak this year, wiping out nearly half of the company’s market value as its valuation fell from $86 billion to around $40 billion. 

Despite the sharp sell-off, most analysts covering the company remain bullish, with many expecting the stock to recover as growth catalysts emerge.

Analysts see Rocket Lab stock rebound

RKLB stock has plunged in the past few weeks, mirroring the performance of most companies in the space industry. SpaceX, the biggest firm in the world, dropped to its IPO price this week, wiping out over $1 trillion in value.

Planet Labs has plunged to $22, down from the year-to-date high of $51, while Virgin Galactic has dived from $9 in June to $2.60 today. The popular Procure Space ETF (UFO) dived to $43 from the year-to-date high of $68.

These losses are happening as investors book profits following the strong gains they experienced before SpaceX went public. At its peak this year, UFO ETF was up by 360% from its lowest level in 2024. 

Therefore, investors are simply selling the SpaceX IPO news, which has been made worse by its performance.

Still, despite this retreat, analysts are bullish on the company, pointing to its strong performance and its growing market share in the space industry. Morgan Stanley reiterated its overweight rating, while Citigroup reiterated its outperform position. 

Bank of America, on the other hand, boosted the target from $105 to $110, while Citizens and Roth have a target of $130. All these targets are significantly higher than where it is today.

READ MORE: Rocket Lab stock jumps as KeyBanc upgrade revives space sector

Rocket Lab has potential catalysts 

RKLB stock has some potential catalysts in the coming months. First, its revenue growth continues this year. It made $200.3 million last quarter, up by 63% from the same period last year. Its backlog jumped by 20% to $2.2 billion, with its Electron, HASTE, and Neutron orders continuing to grow. It achieved five dedicated Neutron flights during the quarter.

The company also recently announced that it would spend $8 billion acquiring Iridium. It hopes that it will make it a vertically integrated company, with Rocket Lab designing satellites, manufacturing spacecraft components, and launching rockets. 

Iridium, on the other hand, owns a global satellite communications network. As such, it hopes that this model will help it compete further with SpaceX’s Starlink project. Additionally, Iridium will bring recurring and high-margin revenue and its globally coordinated L-band spectrum. 

Analysts suspect that the company’s business to continue growing this year. The average estimate is that its revenue will jump by 52% to $919 million, with the figure reaching $1.28 billion next year.

RKLB stock technical analysis

Rocket Lab stock chart | Source: TradingView

The weekly chart shows that the RKLB stock has plunged in the past few weeks, moving from a record high of $151 to the current $67. It has just crashed below the 50% Fibonacci Retracement level, and is slowly approaching the 61.8% retracement point, where rebounds normally happens.

The stock has just dropped below 50-week moving average, while the Relative Strength Index has moved below the neutral level of 50. Therefore, the stock will likely drop further, potentially to $60 or $50, and then bounce back, potentially when it releases its financial results.

The post Rocket Lab stock price crash is gaining steam: how low can it go? appeared first on Invezz

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WTI crude oil Targets $85 as Momentum Accelerates, 14 July,…

Investing 2 Mins Read

WTI crude oil can be expected to rise to the next resistance level 85.00 (former strong support from May).

  • WTI crude oil broke resistance area
  • Likely to rise to resistance level 85.00

WTI crude oil recently broke the resistance area located between the key resistance level 78.10 (which stopped the previous short-term correction 4 in the middle of June, as can be seen from the daily WTI crude oil chart below), resistance trendline of the daily down channel from May and the 38.2% Fibonacci correction of the downward impulse from the start of June. The breakout of this resistance area accelerated the active minor impulse wave 1 of the intermediate impulse wave (1) from the start of July.

Given the strength of the active intermediate impulse wave (1), WTI crude oil can be expected to rise to the next resistance level 85.00 (former strong support from May and June).

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.

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Politics

Target customers lose a big perk in August

Politics 4 Mins Read

When I was in college, Target used to be my go-to destination for clothes, throw pillows, and other random stuff I couldn’t really afford but bought anyway. 

And it wasn’t just me. The old joke used to go that you’d walk into Target for milk and paper towels and leave with a $100 credit card bill.

These days, it’s easier to avoid impulse buys at Target, which is not great news for the company. 

Target has lost a fair amount of appeal due to unexciting inventory, empty shelves, and disorganized stores. And the company is fully aware that major improvements are needed.

In February, CEO Michael Fiddelke acknowledged that Target had lost trust with shoppers and pledged to do better.

“We weren’t clear enough about who we are as a company,” Fiddelke admitted.

Under Fiddelke’s leadership, Target has a big plan to refresh stores, bring in more trend-forward merchandise, and improve the shopping experience to win back customers. 

But just as those efforts are ramping up, Target is preparing to say goodbye to one of its most recognizable in-store partnerships.

Beginning in August, shoppers will start seeing the first signs that Ulta Beauty shop-in-shops are disappearing from Target stores as the companies wind down their partnership.

Target and Ulta Beauty partnership comes to an end

Target and Ulta Beauty’s partnership seemed like a match made in heaven. And when it first launched in 2021, the timing couldn’t have been better.

Back then, consumers were just getting used to the in-store shopping experience after spending much of 2020 staying out of stores and primarily ordering goods online. The convenience of having mini Ulta shops under Target’s roof was hard to beat. 

But last year, the companies revealed they’d be parting ways in August of 2026.

Related: Big changes could be in store for Costco

As the partnership winds down, Ulta Beauty sections will begin closing in phases, and Target will replace the dedicated spaces with its own beauty merchandising strategy. While many beauty products will remain available, the dedicated Ulta-branded displays and exclusive in-store concept will disappear.

The move reflects both companies’ evolving priorities. 

Ulta Beauty is refocusing on its stand-alone stores and digital business, while Target is working to build up the beauty category without relying on a major retail partner.

Ulta Beauty shop-in-shops are disappearing from Target stores.

Schwemmer/Shutterstock

Target is betting on its own beauty business

Rather than shrink its beauty department following the end of the Ulta partnership, Target plans to significantly expand it.

During its first-quarter 2026 earnings call, Chief Merchandising Officer Cara Sylvester highlighted beauty as one of the retailer’s highest-priority categories within its broader turnaround strategy.

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“In beauty, we’re preparing for this fall’s launch of our Target beauty studio in more than 600 stores, building on the momentum we’ve been seeing in the beauty category,” she said, noting that the company is “cultivating an assortment of trending beauty products and building out robust plans to support an efficient transition.”

Management also made clear that beauty is central to the company’s long-term growth strategy. 

Sylvester told investors that Target is “intentionally leaning in more aggressively behind a set of prioritized assortments and guest needs.”

For consumers, the transition could ultimately mean a broader selection of products under the Target brand.

The shift is a strategic one for Target at a time when it’s looking to win customers back. The U.S. cosmetics market size was estimated at $62.97 billion in 2023 and is expected to grow at a compound annual growth rate of 6.1% through 2030, according to Grand View Research.

“With its higher than average growth rates and robust levels of consumer spending, more big box retailers have turned their focus onto the beauty category,” GlobalData Managing Director Neil Saunders wrote on LinkedIn.

“These investments have helped them edge out drugstore chains as the go-to spot for mass and masstige beauty brands who want to launch and scale fast.”

The challenge for Target, of course, is proving it can deliver an equally compelling beauty destination on its own. 

But if Target succeeds, the strategy could help strengthen one of its fastest-growing categories, while giving shoppers another reason to make Target a regular stop again.

Maurie Backman owns shares of Target.

Related: Sephora copies a Walmart move shoppers love

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Is IBM stock a buy after its historic 25% single-day crash? Here is what analysts say

Stock 5 Mins Read

IBM shares extended their sharp decline on Wednesday after suffering one of the biggest one-day selloffs in the company’s history, with analysts warning that changing corporate technology spending priorities could continue to weigh on the stock despite its long-term artificial intelligence ambitions.

The shares fell more than 2.7% on Wednesday, adding to Tuesday’s 25% plunge that wiped out between $67 billion and $70 billion in market value.

The stock has now fallen more than 27% this year after the company released preliminary second-quarter results that missed Wall Street expectations.

The technology company reported adjusted earnings of $2.93 per share on revenue of $17.2 billion, below FactSet estimates of $3.01 per share on revenue of $17.86 billion.

While software revenue rose 5% during the quarter, consulting revenue was broadly flat, increasing 1% at constant currency, and infrastructure revenue declined 7%.

AI hardware spending catches IBM off guard

Investors appeared to focus less on the headline earnings miss than on management’s explanation for the disappointing performance.

Chief executive Arvind Krishna said customers unexpectedly redirected spending toward AI-related hardware investments during the closing weeks of the quarter.

“In the last few weeks of June, we saw clients shift their quarterly capex spend toward servers, storage, and memory purchases to secure supply-constrained infrastructure ahead of expected price increases,” Krishna wrote in a letter to investors.

“While we anticipated some supply chain-related impact in our expectations, we did not anticipate the magnitude of the capex reprioritization,” he said.

The comments reinforced concerns that enterprises are prioritising foundational AI infrastructure over broader software and consulting projects, leaving companies such as IBM exposed to shifting IT budgets.

The spending trend has also been cited by other technology companies as customers race to secure computing capacity amid surging demand for AI workloads.

Analysts downgrade IBM; expect stock to remain range-bound

Following the earnings disappointment, Oppenheimer downgraded IBM to Perform from Outperform and removed its $350 price target.

The brokerage noted that software revenue growth of 5% fell well short of its own 12% estimate.

According to Oppenheimer, IBM attributed much of the weakness to delays in closing large mainframe-related software deals rather than outright cancellations, with stronger-than-expected growth at Red Hat and continued momentum from HashiCorp and Confluent partially offsetting the shortfall.

Infrastructure revenue decline of 7% was also higher than Oppenheimer’s expectation for a 5% decline.

The brokerage said consulting growth of just 1% also came in below forecasts.

Oppenheimer warned that it would be “difficult for IBM to get ‘double-digit’ CC growth in software for CY26/27 without additional large acquisitions or a material catch-up in large deals.”

“The bull thesis will take longer to materialize, and we anticipate the stock will be range-bound near term,” analyst Ittai Kidron Singh wrote.

The firm added that the migration of enterprise spending toward servers and storage should benefit hardware suppliers while creating near-term risks for infrastructure software companies facing tighter IT budgets.

HSBC also turned more cautious, cutting its recommendation from Hold to Reduce while lowering its price target to $191.

Can’t recommend IBM even after the decline: Cramer

CNBC’s Jim Cramer said IBM has found itself on the wrong side of an important shift in enterprise technology spending.

“That’s the new reality, and I have no idea when it will change, which is why I can’t recommend IBM, not even after today’s severe decline,” the “Mad Money” host said on Tuesday.

Cramer argued that businesses are increasingly concentrating their technology budgets on three areas: cybersecurity, AI hardware and AI token consumption costs.

“Unfortunately for IBM, they have too many products and services that fall into the ‘other types of spending’ categories, even if they also have a decent overall AI narrative,” he said.

While praising Krishna for taking responsibility for the weak quarter and acknowledging IBM’s attractive dividend yield of more than 3%, Cramer said those positives were insufficient to offset broader concerns.

“I’m too worried about these trends to say that IBM’s now safe to buy,” he said.

“We’re at the point in the year where IT managers are putting together their budgets for 2027, and you have to assume that these three priorities I just identified will continue to dominate, which means anything outside of them has a real problem.”

“I hope that IBM truly is just seeing its deals get delayed, and not canceled,” he added. “But I can’t tell you to buy a stock because I hope something is true.”

Wall Street divided on IBM’s prospects

Citi analyst Fatima Boolani said the weak quarter had increased uncertainty around IBM’s growth outlook.

“In what we garner is now a likely wider-dispersion for 2026/2027 expectations, renewed and emboldened ‘AI-disruptee/AI-loser’ concerns, we anticipate shares to be tethered,” she said.

Goldman Sachs analyst James Schneider said the results reflected broader spending shifts across the industry rather than purely company-specific challenges.

“We believe the mainframe shortfall reflects client demand re-prioritization toward near-term server and other hardware purchases given surging memory and component prices, a dynamic consistent with what peers such as Dell and HP have cited,” Schneider said.

He added that weaker transaction processing revenue stemmed from fewer new mainframe purchases, while IBM’s Data & Automation software business also faced company-specific execution issues.

The post Is IBM stock a buy after its historic 25% single-day crash? Here is what analysts say appeared first on Invezz

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PUMP Price Prediction: Token Holds Strong After $86.5M…

Investing 6 Mins Read

The cryptocurrency market is currently navigating a period of significant supply-side adjustment as Pump.fun, the Solana-based memecoin launchpad, completes its first major insider token distribution. On July 15, 2026, the platform successfully transitioned from a one-year lock-up period to a three-year vesting cycle for its team and early investors. Despite widespread market apprehension regarding potential “dumping” behavior, the token has demonstrated remarkable stability and sustained trading volume, fueling a broader discussion on the PUMP Price Prediction and the sustainability of revenue-backed tokens.

Understanding the Supply Dynamics

The unlock event involved the distribution of 57.279 billion PUMP tokens, valued at approximately $86.49 million at the time of the transfer. These assets were moved across 121 individual wallets, marking the official commencement of a three-year release schedule for insider allocations.

While earlier market forecasts had warned of an even larger potential cliff—with some estimates suggesting up to 82.5 billion tokens—the actual completed distribution was significantly more modest. The dispersal of these tokens into a wide array of wallets has provided a sense of relief to the market, as it lacks the centralized “whale” footprint often associated with immediate, aggressive liquidation.

Fundamental Analysis: The Burn Engine

A critical factor in the current PUMP Price Prediction is the protocol’s aggressive buyback-and-burn mechanism. Unlike many speculative assets that suffer from infinite inflationary pressure, Pump.fun has institutionalized a 50% revenue-to-buyback policy.

  • Financial Performance: The protocol remains a dominant force in decentralized finance, generating substantial daily fees that directly underpin the token’s value.
  • Deflationary Support: Independent on-chain analysis confirms that since its inception, the platform has successfully repurchased and effectively retired a significant portion of its circulating supply.
  • Verifiable Metrics: Contrary to recent rumors regarding fabricated revenue, third-party data aggregators such as DeFiLlama and Dune Analytics have independently verified that the protocol’s buyback execution has consistently matched its revenue inflows.

As co-founder Alon previously emphasized, the current buyback model is built to ensure long-term sustainability, aiming to create a supply environment where protocol revenue can effectively absorb new token emissions.

Technical Analysis and Market Outlook

Technical indicators for PUMP currently present a mixed but cautiously optimistic profile. On the daily time frame, the 50-day moving average is sloping upward, suggesting underlying structural strength.

Key Technical Levels:

  • Support Zones: The token has found a stable floor near the $0.0014–$0.0015 range. Maintaining this level is essential for invalidating recent bearish trends.
  • Resistance Levels: Traders are currently eyeing the $0.0017 level as the primary short-term resistance. A decisive breakout above this zone, supported by volume, would likely signal a shift toward renewed bullish momentum.
  • Moving Averages: While the 200-day moving average currently sits above the price, acting as dynamic resistance, the broader market structure is shifting from a state of distribution to potential re-accumulation following the unlock event.
Source- TradingView.com

Analyst Commentary: The “Sell the Unlock, Buy the Dip” Thesis

Market participants appear to be adopting a “sell the unlock, buy the dip” strategy. By clearing the anticipated supply overhang, the market has removed a major source of uncertainty.

“The unlock is large ($86M+), but the current lack of a pre-unlock collapse and the resilience of the Solana memecoin ecosystem suggest a structural bottom may be forming,” noted one recent market assessment.

However, investors should exercise caution. While the initial unlock did not trigger a crash, the three-year vesting cycle means that additional tokens will enter circulation periodically. Success for PUMP holders will ultimately depend on whether the platform’s fee-generating activity can outpace the incremental supply increases.

Final Thoughts on the PUMP Price Prediction

The PUMP Price Prediction for the remainder of 2026 is heavily contingent upon two variables: consistent protocol adoption and the absence of massive exchange inflows from the 121 recipient wallets. As long as Pump.fun remains the primary venue for memecoin creation on Solana, the buyback mechanism acts as a powerful counterbalance to inflationary pressures.

For the average investor, monitoring on-chain wallet movements of the “insider” addresses will be the most reliable indicator of near-term price direction. Provided the platform avoids further regulatory headwinds and maintains its current trajectory, PUMP remains a high-beta asset that could see significant upside if liquidity continues to rotate into high-utility memecoin infrastructure.

FAQ: PUMP Price Prediction and Market Status

  • What was the impact of the July 2026 token unlock? Pump.fun unlocked 57.279 billion tokens, which were distributed to 121 wallets. Contrary to fears of a price collapse, the token remained stable, indicating the market had largely priced in the event.
  • How does the buyback program support the PUMP price? The protocol uses 50% of its net fees to automatically buy back and burn PUMP tokens. This creates consistent deflationary pressure, which helps offset the inflationary impact of insider unlocks.
  • What is the PUMP Price Prediction for the end of 2026? Price forecasts vary based on growth assumptions. Some models estimate the price could reach approximately $0.0017 by the end of 2026, assuming modest annual growth rates of around 5%.
  • Is PUMP a good investment in 2026? Whether PUMP is a “good” investment depends on individual risk tolerance. The token offers exposure to a high-revenue launchpad protocol, but it carries risks including increased platform competition, regulatory scrutiny, and the ongoing release of vested insider tokens.
  • Where can I find the latest data on PUMP burns? Protocol activity, including fee generation and burn statistics, is regularly reported through on-chain analytics platforms and news aggregators like KuCoin and Binance Square.

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74-year-old restaurant chain shuts down

Politics 5 Mins Read

Drive-ins, which were also called “carhops,” predated the drive-through. People parked, ordered from their car, and ate inside their automobile.

“The popularity of carhop dining evolved in America in tandem with the popularity of the automobile itself, predating the fast-food drive-through and reaching a peak in the years following World War II,” CNN reported.

Drive-ins had a brief resurgence during the Covid pandemic, when many restaurants had to close their dining rooms, but the format has been in a general decline for decades.

“It was when McDonald’s opened its first take-out window in Arizona in 1975 that the real crossover occurred. By that time, drive-in restaurants were already few and far between. By early 2020, they were virtually obsolete,” according to Smithsonian Magazine.

Now, another drive-in icon, Skyway Drive-In Restaurant, has quietly closed its final location.

Skyway Drive-In Restaurant shuts its doors

Skyway Drive-in Restaurants has a long history in Ohio.

“It all started In 1952, when the Large and Schaaf families founded Skyway Drive-In Restaurant in Fairlawn. We continue to make our sandwiches with pride, using custom-prepared beef and the best sweet bun in Akron,” the company shared on its website.

The chain used original recipes created by “Aunt” Ruth Schaaf, and Skyway’s homemade onion rings, chili, and vegetable soup are made the same way they have been since they were first served.

“Our creamy milkshakes are made with real dairy, just like they were in 1952,” Skyway added.

Now, the chain’s final location has closed its doors.

“After nearly 75 years in business, the remaining Skyway Drive-In location in Fairlawn has officially closed. With the previous closures of the Green, Stow, and Medina locations, the burger restaurant is now extinct,” reported the Akron Beacon Journal.

The restaurant’s owners confirmed the shutdown plans on their Facebook page.

“What began in 1952 with Pop Ross’s dream and hard work grew into something truly special,” Skyway said in a July 11 post. “…Pop Ross and Aunt Ruth built more than a business. They built a legacy founded on hard work, quality, and treating every customer like family. That legacy was lovingly passed from one generation to the next, each carrying forward the same pride, dedication, and commitment to serving the community.”

Owner Steve Large closed the post with a message to the community.

“Some places feed a town. Others become part of its history. Skyway did both. Our doors may close, but our legacy never will,” he wrote.

Drive-ins became popular along with the car.

Shutterstock

Fans mourn Skyway’s closure

Over 850 people responded to the post about Skyway’s closure on its Facebook page.

“Please make a cookbook so we can carry on the flavors of those burgers and the best onion rings in our homes,” Rebecca Younis shared.

Some shared their memories of the chain.

“My heart is breaking is so many places I may never have the time to pick up all of the pieces. My Mom grew up with the original owners and went to high school with some of the gang. She told me stories of the Copley side and the Buchtel side of the parking lot for weekend visits. She was a single mom in the early 60s and would save each month enough to take me there and split a meal,” wrote Erin Radcliffe.

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Zandra Buser delivered a message that was repeated, at least in spirit, by many who posted.

“Please know how much you meant to so many people. I will always cherish the memories and forever attempt to recreate the comfort flavor that has been Skyway Drive-In,” she posted.

Drive-ins are disappearing

It’s easy to see why drive-through, takeout, and delivery have replaced drive-ins.

“During the pandemic, drive-thru was the go-to option by necessity,” Richard Delvallée, senior vice president of consulting services at RMS, shared in Revenue Management’s report. “But in 2025, customers have more choices, and they’re using them, from dine-in and takeout to off-premises dining via delivery.”

More people, data shows, are simply picking up food or getting it delivered and eating at home.

“Nearly 75% of all restaurant traffic now happens off-premises — meaning that almost 3 out of 4 restaurant orders are taken to go, according to data from the National Restaurant Association’s 2025 Off-Premises Restaurant Trends report.

RTM Nexus CEO Dominick Miserandino thinks drive-in restaurants have struggled for an obvious reason.

“It’s just a lot of acreage that is worth exponentially more to a national chain that wants to build something hyper-dense. And the other concern is the samification of America. Every place you go now, a family-run anchor is changing to a chain, so it’s really sad to start losing these iconic places,” he told TheStreet.

Skyway Drive-In restaurant did not close because of any of these trends.

Planning Commission member Denis VanDoros said Dutch Bros Coffee, a national chain, is buying the land and will raze the building, according to the Akron Beacon Journal.

VanDoros said Skyway owner “Steve Large sent a letter that he was retiring and no family member wanted to take over the business.”

Related: McDonald’s offers popular menu item you often can’t get

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BlackRock stock jumps 5% as Q2 earnings, AUM and inflows top estimates

Stock 3 Mins Read

BlackRock (BLK) shares climbed in premarket trading on Wednesday after the world’s largest asset manager reported second-quarter earnings, revenue and assets under management that exceeded Wall Street expectations.

The company reported adjusted net income of $2.3 billion for the quarter, up 22% from a year earlier, while assets under management (AUM) rose 22% year over year to a record $15.3 trillion, marking the first time the firm has crossed the $15 trillion milestone.

Adjusted earnings per share came in at $13.91, well above analysts’ estimates of about $12.65. 

Revenue increased 31% from the prior year to $7.1 billion, beating consensus expectations of roughly $6.7 billion.

BlackRock shares rose 5% in premarket trading following the results.

Earnings and revenue beat Wall Street expectations

BlackRock delivered stronger-than-expected financial results across its key metrics, extending the momentum seen earlier this year.

Revenue growth was supported by growth across the firm’s investment businesses and contributions from its private markets platform. 

The company also reported adjusted net income of $2.3 billion, reflecting continued growth in profitability.

Chief Executive Officer Larry Fink said the firm’s operating environment remains favorable.

“Market fundamentals are strong and well supported, with higher margins and earnings momentum catalyzed by new technology,” Fink said in a statement. “Flows in the first six months of 2026 more than doubled year-over-year.”

He added: “Our momentum is accelerating, and I’ve never been more optimistic about the growth ahead.”

Record inflows push assets above $15 trillion

Client inflows remained a major driver of BlackRock’s growth during the quarter.

The firm attracted $192 billion of net client inflows during the second quarter, while total long-term net inflows reached $199 billion, exceeding the $170 billion average estimate compiled by Bloomberg.

BlackRock’s exchange-traded fund business accounted for the majority of new client money, bringing in $178 billion of net inflows.

Actively managed investment strategies also attracted strong demand, with investors adding $53 billion on a net basis.

For the first half of 2026, BlackRock reported record net inflows of $321 billion.

The growth lifted total assets under management to $15.3 trillion, up from $13.9 trillion at the end of the first quarter and $12.5 trillion a year earlier.

Private markets continue driving growth

BlackRock also continued expanding its higher-margin private markets and alternatives businesses.

The company reported 8% growth in organic base fees, marking the eighth consecutive quarter in which organic base fee growth exceeded 5%. 

Performance fees increased by $211 million compared with the prior-year period, primarily due to stronger revenue from alternative investment products.

Alternative and liquid private assets generated $22 billion of inflows during the quarter, compared with $14.6 billion in the previous quarter.

Private markets accounted for $15.4 billion of those inflows.

BlackRock said revenue also benefited from fees associated with its acquisition of HPS Investment Partners, the private credit firm it agreed to acquire for $12 billion in 2025.

Reflecting confidence in its growth outlook, the company increased its planned share repurchases for 2026 to $2 billion.

The post BlackRock stock jumps 5% as Q2 earnings, AUM and inflows top estimates appeared first on Invezz

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Ethereum Poised for $2,000: Bullish Breakout Confirmed, 15…

Investing 2 Mins Read

Ethereum cryptocurrency can be expected to rise to the next round resistance level 2000.00 (target for the completion of the active impulse wave C).

  • Ethereum broke resistance area
  • Likely to rise to resistance level 2000.00

Ethereum cryptocurrency recently broke the resistance area located between the strong resistance level 1835.00 (which stopped the previous short-term correction a in the middle of June, as can be seen from the daily Ethereum chart below) and the 38.2% Fibonacci correction of the downward impulse from the start of May. The breakout of this resistance area accelerated the active minor impulse wave C of the intermediate ABC corrective wave 2 from the start of June.

Given the strength of the active impulse wave C and the bullish sentiment seen across the crypto markets today, Ethereum cryptocurrency can be expected to rise to the next round resistance level 2000.00 (target for the completion of the active impulse wave C).

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.

 

 

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