
Bitcoin Faithful Rejoice as $100 Billion Era Nears
Now though the liturgy returns, after the world's largest cryptocurrency surged past $123,000 for the first time on Monday.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Global trade in photos as a new deadline approaches on Trump tariffs
While discussions with trading partners continue and a revamp of U.S. trade policy faces legal hurdles in federal court, U.S. President Donald Trump is approaching his deadline of Friday, Aug. 1, for implementing higher import tariffs on products from across the world. ___ This is a photo gallery curated by AP photo editors. Sign in to access your portfolio
Yahoo
2 minutes ago
- Yahoo
FAT Brands Inc (FAT) Q2 2025 Earnings Call Highlights: Navigating Challenges and Capitalizing ...
Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points FAT Brands Inc (NASDAQ:FAT) has been recognized on Time and Statista's best mid-sized company list for the second consecutive year. The company has a diversified global restaurant portfolio with approximately 2,300 locations across 49 states and 35 countries. FAT Brands Inc (NASDAQ:FAT) has a robust development pipeline with approximately 1,000 locations committed to open over the next 5 to 7 years. The company is seeing strong performance in its snack segment, with Great American Cookies and Marble Slab Creamery showing consistent strength. FAT Brands Inc (NASDAQ:FAT) has implemented over $5 million in annual SGNA reductions and identified further cost optimization opportunities. Negative Points Total revenues decreased by 3.4% to $146.8 million compared to the previous year's quarter. The company reported a net loss attributable to FAT Brands of $54.2 million, an increase from the previous year's net loss. General and administrative expenses increased significantly due to non-cash share-based compensation expenses. Market volatility has delayed the planned $75 to $100 million equity raise for Twin Peaks. The company is facing challenges in the QSR space, with brands like Fasoli's experiencing a tougher sales environment. Q & A Highlights Warning! GuruFocus has detected 8 Warning Signs with FAT. Q: Can you provide an update on the SEC civil action following the DOJ case dismissal, and will you recover any past legal costs from insurance? A: We are hopeful that the SEC civil case will be dismissed following the DOJ case, but we cannot comment further at this time. Regarding legal fees, which totaled $70 million over the last 3.5 years, we have filed with our insurance company and will recover the policy limits as part of the derivative case settlement. - Andy Weiderhorn, Chairman of the Board. Q: The increase in G&A costs was attributed to share-based compensation. Is this a one-time event, and should we expect G&A costs to decrease? A: Yes, the increase in G&A costs is a one-time event tied to the Twin Peaks spinoff, and costs will decrease moving forward. - Andy Weiderhorn, Chairman of the Board. Q: Can you provide a timeline for the rollout of the new manufacturing contract and its expected benefits? A: The contract is currently in production and will be fully rolled out in the next 30 to 60 days. We expect to announce further details in about 3 to 4 weeks. The contract involves different operators and will significantly benefit our cookie dough production. - Andy Weiderhorn, Chairman of the Board. Q: Are you seeing improved restaurant industry traffic similar to other companies like Cisco and Wingstop? A: The performance varies by brand category. Snack brands like cookies and ice cream are doing well, while QSR brands face challenges. However, the polished casual dining segment is improving, and we are optimistic about future consumer confidence. - Andy Weiderhorn, Chairman of the Board. Q: What is the current liquidity situation, and how are you managing financial flexibility? A: We have $130 to $150 million in retained notes for liquidity, which we can finance or sell as needed. We also have an ATM in place but have not used it much due to undervaluation concerns. We are focusing on G&A savings and accelerating the Smokey Bones portfolio conversion to improve liquidity. - Andy Weiderhorn, Chairman of the Board. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
2 minutes ago
- Yahoo
NIO's Firefly Brand Uses HERE Technologies to Power Smart, Connected EV Journeys
NIO Inc. (NYSE:NIO) is among the 12 Best EV Charging Stocks to Buy According to Hedge Funds. Firefly, a sub-brand of NIO Inc. (NYSE:NIO), has teamed up with HERE Technologies to incorporate innovative location services and superior map data into its intelligent electric cars. Firefly promises to enhance connected navigation, driver assistance systems, and conformity to EU Intelligent Speed Assistance rules by integrating HERE's global maps and real-time traffic updates. Furthermore, the integration makes use of HERE and Telenav 's partnership for in-car navigation. A cutting-edge electric vehicle being charged in a city street as the sun sets. Chris Chen, VP of NIO Inc. (NYSE:NIO) Global Business Development, stressed the need for HERE's global experience in satisfying international safety requirements as Firefly develops in Europe. Firefly was created for urban transportation to make high-end EV features more widely available. NIO Inc. (NYSE:NIO) displayed its explosive expansion in Q1 2025 by delivering over 42,094 vehicles, a 40.1% increase year over year. Deon Newman, SVP of HERE, pointed out the company's commitment to providing Chinese EV brands with AI-powered location technology as they expand abroad, notably in Europe. While we acknowledge the potential of NIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data