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21:50
UGI utilities company recently revised its short-term earnings outlook for fiscal year 2026, mainly due to the pacing of growth investments in its midstream and marketing segments, which has had a phased impact on performance.
The company's management pointed out that although its long-term strategic layout remains stable, the timing of certain capital expenditures will temporarily suppress profit performance in recent quarters. Industry experts analyzed that energy enterprises often experience short-term pains during their transformation and upgrading processes. UGI's recent adjustment reflects its proactive efforts in upgrading pipeline infrastructure and building a digital marketing system. While these investments may temporarily lower financial indicators, they lay the foundation for future market share expansion. Notably, the company is maintaining its full-year capital expenditure plan unchanged, indicating continued confidence in its medium- and long-term growth prospects.
21:49
Patrick Witt: The White House will release a strategic bitcoin reserve update
White House digital asset adviser Patrick Witt stated that updates on strategic Bitcoin reserves will be announced in the coming weeks. He mentioned at Consensus Miami 2026 that digital assets held by U.S. Marshals recently encountered a vulnerability, emphasizing the need to protect federal crypto assets. Witt did not disclose the scale of federal crypto holdings and said that the reserves need to be established through legislation, referencing Senator Cynthia Lummis's BITCOIN Act and related proposals from Representative Nick Begich.
21:20
Due to fluctuations in the
According to disclosures, the company faced additional expenses of approximately $35 million due to rising raw material procurement costs caused by an unstable external environment. This unexpected cost increase was mainly driven by tight international supply chains and fluctuations in the commodities market. Although the company partially offset the impact by optimizing operational efficiency, geopolitical factors remain a significant challenge to quarterly profit margins.
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