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BlackRock’s reserve push redraws the tokenised Treasury race

  • BlackRock (NYSE:BLK) launched two tokenised money market products for regulated US stablecoin reserve management.
  • Its existing BUIDL fund holds more than US$2.6 billion, while USDC circulation stood at US$72.3 billion on 27 July.
  • Regulatory eligibility, blockchain interoperability and institutional access remain key barriers as tokenised Treasury products expand.
Read more: BlackRock’s reserve push redraws the tokenised Treasury race
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Space companies race to scale satellites, rockets, and AI infrastructure

  • Space Exploration Technologies (NASDAQ:SPCX) reported Q2 revenue of $7.8 billion, up 92% year over year, in its first earnings report since becoming publicly traded.
  • Adjusted EBITDA reached $3.5 billion, exceeding analyst expectations of about $2.1 billion, supported by Starlink growth and AI-compute contracts.
  • The space industry is balancing rapid expansion, infrastructure investment, satellite demand, and capital requirements across commercial and government markets.
Read more: Space companies race to scale satellites, rockets, and AI infrastructure
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E-commerce platforms compete as merchants chase digital growth

  • Shopify (NASDAQ:SHOP) reported Q2 revenue of $3.58 billion, up 34% year over year, with gross merchandise volume increasing 32% to $115.57 billion.
  • The company reported operating income of $488 million and free cash flow of $654 million as merchant activity expanded across its platform.
  • E-commerce companies are focusing on merchant growth, payment solutions, artificial intelligence tools, and profitability while adapting to changing online shopping trends.
Read more: E-commerce platforms compete as merchants chase digital growth
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Beyond the Newsstand: How Media Heavyweights Are Minting Digital Millions

  • Media conglomerate News Corp reported an 11% increase in fourth-quarter fiscal 2026 revenue to US$2.34 billion, lifted by digital real estate, publishing, and premium information divisions.
  • High-margin digital real estate and recurring subscription streams generated expanding free cash flow across publishers, supporting multi-million-dollar share buybacks and dividend payouts.
  • Softening legacy print advertising, fluctuating real estate listing volumes, and ongoing content licensing negotiations present operational friction across media channels.
Read more: Beyond the Newsstand: How Media Heavyweights Are Minting Digital Millions
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Why the end of Australia’s fuel relief is rewriting energy stock valuations

  • The Australian government confirmed the end of the temporary fuel excise discount, triggering a wholesale price increase of 16 cents per litre.
  • Major downstream energy operators manage capital allocation across integrated refining and retail supply chains while absorbing shifting tax obligations.
  • The sector faces ongoing working capital pressures tied to wholesale tax adjustments and broader international supply chain volatility.
Read more: Why the end of Australia’s fuel relief is rewriting energy stock valuations
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AI software demand reshapes the battle for enterprise data

  • Palantir Technologies (NASDAQ:PLTR) reported Q2 2026 revenue of $1.94 billion, up 93% year over year, driven by growth in U.S. commercial and government markets.
  • The company raised its 2026 revenue guidance to $8.150–$8.158 billion after closing $3.37 billion in contracts and generating $1.22 billion in operating cash flow.
  • Enterprise technology companies are competing for AI adoption as organizations increase spending on data platforms, automation tools, and decision-support software.
Read more: AI software demand reshapes the battle for enterprise data

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