Xylem Cuts 2026 Revenue Outlook to $8.95 Billion, Adjusted EPS to $5.40-$5.45
The company now expects flat organic revenue, down from its earlier forecast of 2%-3% growth.
Day: October 28, 2026
U.S. Refinery Use Hits May-to-September High Since 1998 Before Phillips 66 Q3 Report
U.S. refineries averaged 95% utilization in the quarter, while gasoline crack spreads were more than twice their year-earlier levels.
Avidbank Expects $270 Million Deposit Outflow in Q4, Beta Below 50%
Deposits reached $2.612 billion at Sept. 30, while the bank added about $76 million in core deposits after exclusions.
Machi’s NFT Sales Exceed 60 as Trader Faces $2.35M Loss
Machi, a notable trader, has sold over 60 NFTs in the past six months to fund high-leverage perpetual trades, resulting in a substantial loss of over 1,000 ETH, equating to approximately $2.35 million. This revelation surfaced through a tweet by @lookonchain, highlighting the risks associated with high-leverage trading in the current market landscape. The implications […]
SpaceX and Tesla Form Board Committees to Explore a Potential Merger
The committees are examining cooperation in AI, chip design and robotics. Any deal would require approval from shareholders at both companies and regulators.
Campbell Says Stablecoin Purchases Shift Deposits Between Banks
He argued that dollars land in another bank account, such as an issuer’s reserve account, and flow back through redemptions. Bank groups warn yield-bearing tokens could draw money from deposits.
Hubbell Raises 2026 Adjusted EPS Outlook as Electrical Growth Climbs
Electrical Solutions’ organic-growth forecast rose to 17%-18% after the segment grew 22% in the third quarter. Hubbell lowered its Utility Solutions and adjusted operating-margin outlooks.
0xPredicate Announces $8 Million Series A for Onchain Finance
0xPredicate’s stated aim is to connect regulated markets with financial activity on blockchain networks.
Jack Dorsey warns Bitcoin fails if reduced to digital gold
Dorsey’s stance highlights the critical need for Bitcoin’s evolution into a widely-used transactional currency to fulfill its original vision. The post Jack Dorsey warns Bitcoin fails if reduced to digital gold appeared first on Crypto Briefing.
Digital Chamber Urges Clearer Rules for Trading Non-Security Tokens
The group backed the SEC’s recognition that some tokens can be classified as non-security assets.
