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Credo Technology (CRDO) is evolving into a vertically integrated leader, moving away from a focus on copper interconnects toward the integration of new silicon photonics technologies. Explosive growth in revenue and operating profit confirms that CRDO shares are not overvalued. Using the traditional P/E ratio, the company is trading at a 47.1% discount relative to its key competitors. The AI supercycle continues, and with it, strong demand from hyperscalers, allowing for projections of over $600 million in sales from the optical portfolio for fiscal year 2027. Investment ThesisIn spite of the headwinds facing the copper and optical sectors, Credo Technology…

Italy industrial output ends three-month positive streak with May fall

July 09, 2026 Federal Reserve Board issues enforcement action with TS Banking Group, Inc. and TS Contrarian Bancshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: TS Banking Group, Inc., Treynor, Iowa and TS Contrarian Bancshares, Inc., Treynor, Iowa Written Agreement dated July 6, 2026 Additional enforcement actions can be searched for here. For media inquiries, please email [email protected] or call 202-452-2955. Last Update: July 09, 2026

A criminal complaint filed by Wisconsin prosecutors against Circle, the company behind USDC, has put an uncomfortable question back in the spotlight. Why does the world’s second-largest stablecoin issuer appear far less willing than Tether to help law enforcement recover stolen crypto?An ICIJ investigation published on July 8 points to three issues driving the debate. Circle insists it only freezes funds after receiving valid legal orders, disputes claims it can simply burn and reissue stolen tokens, and rejects allegations from New York prosecutors that it profits by leaving frozen assets untouched. Meanwhile, critics say that the policy leaves scam victims…

Software stocks have had a difficult year. Investors moved away from traditional application software as AI agents started to raise uncomfortable questions about automation, seat growth, pricing power, and the long-term durability of some subscription models. The price action shows how broad the pressure has become. Since July 2025, is down about 22%, is down about 40%, and is down almost 48%. The rebound from recent lows has not resolved the debate. It only shows that investors are still trying to separate an oversold bounce from a deeper structural repricing. New AI coding tools from Anthropic and OpenAI helped trigger…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxSwift has made the initial phase of its blockchain-based ledger available for use, with banks preparing to pilot live transactions.The financial messaging network is enabling 17 global banks to pilot 24/7 cross-border payments using tokenised deposits through the new ledger.The shared ledger provides participating financial institutions with a secure orchestration layer.Banks can issue tokenised deposits on their own internal systems and move funds for customers at any time, including overnight and on weekends. Final settlement is then completed through existing payment infrastructure.Institutions involved in the initiative span six…

(RTTNews) – The Australian stock market is slightly higher on Friday, extending the gains in the previous session, with the benchmark S&P/ASX 200 just below the 7,400 level, following mostly positive cues overnight from Wall Street, helped by slight gains in financial stocks, even as most other sectors were weak amid concerns about rising inflation. Traders also continue to pick up socks at a bargain after the recent losses. Traders are also cautious as the country is gradually reopening after lifting lockdown restrictions, particularly in Victoria where COVID-19 cases are still high. Victoria reported 1,273 new locally acquired cases and…

1. The Bull and Bear CaseFreeport-McMoRan () is the world’s largest publicly traded producer, with operations spanning North America, South America, and Indonesia.The company represents a direct play on the structural copper demand thesis driven by electrification, renewable energy, AI data center buildout, and global infrastructure spending. FCX controls some of the world’s highest-quality copper reserves, including the legendary Grasberg complex in Indonesia — one of the largest copper and deposits ever discovered.The company benefits from its position as a low-cost producer in an industry facing structural supply constraints. With copper inventories at historically low levels globally and demand accelerating…

Stronger earnings and a broadening rally will power European stocks to new highs this year, according to UBS Group AG strategists, who are now the biggest bulls among forecasters tracked by Bloomberg.

Britain’s most recently completed nuclear power plant will continue generating electricity until 2055 after the government granted the power plant, which was first synchronised with the National Grid in 1995, a 20-year life extension.Sizewell B in Suffolk was due to shut down within the next decade, but under a deal with the government its lifetime will be extended to 60 years to help meet the UK’s growing demand for low-carbon electricity.The nuclear plant, which first began generating power in 1995, produces 3% of Britain’s electricity, enough to meet the equivalent demand of 2.5m homes.The government approved plans by Sizewell’s owner,…