51m ago
Asian stocks climb after softer US core CPI; Kospi jumps 4.48%
US core CPI rose 0.2% month on month and 2.5% year on year, its slowest annual pace since March 2021, tempering expectations for further Federal Reserve rate hikes. Asian markets broadly advanced on Aug. 12, with the MSCI Asia Pacific Index up 0.6%. South Korea’s KOSPI surged 4.48% to lead the region, while Japan’s Nikkei 225 gained 1.83% and the Topix rose 1.01%. Hang Seng futures bucked the trend, slipping 0.87% and signalling caution in that market.
51m ago
1h ago
Ford to expand U.S. Lincoln production from 2030, phase out China imports
Ford said it will begin producing Lincoln vehicles in the United States from 2030 and gradually stop importing the brand’s models from China. The company put its total tariff-related gross costs in 2025 at about $3 billion, with an approximately $2 billion hit to earnings before interest and taxes. Ford also said it assembled more than 2 million vehicles in the U.S. that year and employs about 56,300 hourly manufacturing workers.
1h ago
1h ago
Hyperion profit more than triples to $31M as HYPE treasury rises to $133M
Hyperion posted a second consecutive record quarter, with second-quarter net income of $31 million, sharply higher than the prior quarter. Adjusted EBITDA rose to $53.7 million from $19.5 million. The company’s HYPE token holdings increased in value from $71 million to $132.6 million as the token price climbed from $36.60 to $65, ending the quarter with 2.04 million HYPE. Treasury gains totaled $54.8 million and operating expenses fell 21% to $2.3 million, while the stock is trading at $2.69.
HYPE
HYPE+3.18%
1h ago
2h ago
Datacentrex posts $1.9 million Q2 2026 revenue, ends June 30, 2026 with $51.9 million cash and no debt
Datacentrex reported second-quarter 2026 revenue of $1.9 million and a positive gross profit, while posting a GAAP net loss of $5.5 million. Net Cash Burn fell to about $61,000, an improvement of about 88% from the first quarter of 2026, bringing the company close to breakeven. As of June 30, 2026, Datacentrex had about $57.9 million in cash and digital assets combined and carried no debt. Adjusted EBITDA loss narrowed to about $1.3 million from about $1.7 million in the first quarter of 2026.
2h ago
3h ago
Cypherpunk posts $39.4M Q2 profit as $46M unrealized Zcash gain offsets $4.7M operating loss
Cypherpunk Technologies reported $39.4 million in second-quarter net income, reversing a $16.6 million loss a year earlier. The company posted a $4.7 million operating loss, but a $46 million unrealized gain on its ZEC treasury lifted results. Research and development expense totaled $0.2 million, while general and administrative expense was $4.5 million. The profit swing was driven by the accounting revaluation of its Zcash holdings without selling the tokens.
ETH
ETH-0.35%
3h ago
3h ago
Corn jumps after NASS cuts yield to 180.7 bpa and lowers ending stocks
USDA’s NASS slashed its August corn yield estimate to 180.7 bushels per acre and lowered projected ending stocks, tightening the supply outlook. The agency raised planted area by 1.4 million acres, but the revised balance sheet still sparked a sharp rally. CmdtyView’s national average cash corn price rose 20.25 cents to $4.2725, while CBOT December corn gained 20.25 cents to $4.8075. EIA data showed ethanol output edged up to 1.117 million barrels per day and inventories also increased slightly.
3h ago
4h ago
China rejects 10 containers of Australian mung beans over chemical residues as growers weigh glyphosate alternatives
China has rejected 10 containers of Australian mung beans, citing chemical residues above permitted levels. About 95% of Australia’s mung bean crop is desiccated with glyphosate before harvest, and residue limits are set by importing countries. Australian output in 2026 is expected at 100,000 to 120,000 tonnes, almost all for export. The rejection could accelerate a shift toward alternative herbicides among growers.
4h ago
4h ago
Bell Potter downgrades Seek to hold after 45% slide, cuts target to $15.20
Bell Potter has downgraded Australian job listings platform Seek after the stock fell 45% over the past 12 months. The broker said Seek’s FY 2026 result was broadly in line with expectations, with adjusted EPS up 29% to 56cps and a full-year dividend of 52cps. However, it flagged a weaker outlook, with ANZ volumes expected to decline at a midsingle-digit rate and guidance calling for net revenue of $1.21b$1.28b and adjusted profit for $185m $215m.
4h ago