Yum Unloads Pizza Hut Chain As Private Equity Takes On Turnaround Challenge

Circle Plunges Most Ever On Stablecoin Legislation, As Tether Prepares Full Audit Circle Internet Group, the issuer of the USDC stablecoin, plunged the most on record as investors reacted to potential stablecoin regulation changes that could make the firm’s cryptocurrency less attractive to large holders, as it would be stripped of interest payments. Concerns that a competitor is readying a move into the US market also hurt Circle’s share price. The stock declined as much as 22%, its steepest intraday drop ever, and leading losses across crypto-linked equities. Coinbase fell as...

Mobility Data Flashes Warning Sign Along Pakistan's Iran-Linked Copper-Corridor AI-powered geospatial data platform xMap's data scientist, Dana Harrison, asked in a LinkedIn post: "Can Mobility Data Spot Commodity Supply Risk Before the Market Does?" Harrison used location data from points of interest and human mobility data to focus on what she says are "changes in human movement" over recent months along Pakistan's Chagai copper-gold corridor, home to Saindak and the massive Reko Diq development, which is located near the Iranian border. Harrison continued: On this episode of The Reckless Rabithole, I noodled around...

Bloom Energy Defends Supply Chain, Calls Hunterbrook Report "False And Misleading" Bloom Energy is responding forcefully against allegations made by short seller Hunterbrook Capital, rejecting the firm's claims about its accounting, supply chain and growth prospects a day after a report sent shares sharply lower. The clean energy company said Thursday that Hunterbrook's assertions regarding its financial reporting and access to critical raw materials are "false and misleading," according to a statement reported by Bloomberg. The response comes after Hunterbrook published an investigation on July 8 that questioned Bloom's independence from Chinese...