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Key takeaway: BayFirst believes it’s poised for a return to profitability after announcing a major plan aimed at resolving Small Business Administration-related credit problems.Supporting data: The bank’s second-quarter earnings report on Friday showed its sixth consecutive quarterly operating loss.Forward look: Chief Financial Officer Scott McKim said the company is poised to put its asset-quality woes in the rearview mirror.Executives at a struggling Florida-based community bank said they plan to target larger commercial customers as the bank seeks to unwind a disastrous strategy that focused on small-dollar Small Business Administration lending.Processing Content”We’re going to be banking some larger businesses than we…

Key TakeawaysCboe asked the SEC to approve the listing of six funds that triple daily price moves.The funds would primarily hold futures contracts, not bitcoin or ether directly.Trading requires SEC approval of the exchange rule change and effectiveness of the trust’s Form S-1. Six Funds Tied to One Day of Price Action Traders in the U.S. would gain two crypto ETFs—one tied to bitcoin and another to ether—each designed to deliver three times the asset’s daily performance— under a proposal Cboe BZX Exchange sent the U.S. Securities and Exchange Commission (SEC). The agency published the notice Aug. 14, with comments…

In brief Apple trained a large language model for China with support from Alibaba, Reuters reported. The deal could make Apple the first foreign company allowed to operate its own proprietary AI model in China. Apple Intelligence is expected to reach Chinese iPhones through an iOS update in the coming months. Apple trained its own AI model for China with Alibaba’s help as it races to bring Apple Intelligence to Chinese customers, Reuters reported.Citing three people familiar with the matter, Reuters said the Cyberspace Administration of China registered Apple’s generative AI service last month, clearing a key regulatory hurdle that…

President Donald Trump and the heads of the SEC and CFTC are expected to meet crypto and prediction-market executives at the White House next week as the industry’s biggest legislative priority faces dwindling odds of becoming law this year.According to reports, the Aug. 19 gathering is expected to include executives from Coinbase, Andreessen Horowitz, Ripple, Chainlink, Kalshi and Paradigm, along with representatives from the Digital Chamber. Executives from Kraken, Gemini, the New York Stock Exchange and Nasdaq have also been invited.Trump and Commodity Futures Trading Commission (CFTC) Chair Michael Selig are among those expected to participate, while Securities and Exchange…

The contracts traded just 1.6% apart on average when both markets were active, and traded near $92 and $94 most recently, translating to a more than 300% upside from the IPO price.That fourfold premium also means Unitree could have a blockbuster debut and still leave leveraged bulls nursing steep losses.“Unitree can open at twice its IPO price and still liquidate a third of long exposure,” Allium said.An opening around $45, double the IPO price, would still be about 52% below the current perp price and could liquidate roughly 33% of long exposure, the analysts said. At the other extreme, a…

Alvin Lang Aug 15, 2026 09:38 AAVE is pinned at $87.19 below every major moving average while smart money quietly leans long and retail order flow keeps hitting bids — the next 14 days resolve into either a flush to $83-$84 or … AAVE’s Technical Reality Check The setup here is ugly, but not without nuance. AAVE is trading at $87.19 — below its 7-, 20-, 50-, and 200-day simple moving averages, which are stacked in a descending ceiling from $88.27 all the way up to $97.23. That kind of bearish alignment across…

A stock can beat Wall Street’s earnings estimates and still fall sharply. Another company can miss an estimate and rally. This is not necessarily irrational. Stock prices respond to how results compare with the expectations already reflected in the price, not simply whether the headline says “beat” or “miss.”Key takeaways for stock investorsAn earnings beat is not automatically bullish. A small beat may have been widely expected and already priced into the stock.Published consensus is not the market’s full expectation. Investors may also be considering unofficial “whisper numbers,” valuation, positioning, guidance and industry trends.The size of the reaction needs context.…

The US Dollar Index (DXY) extended its slide on Friday, holding below 100.00 at fresh lows after a fourth straight soft US data print. The preliminary Michigan Consumer Sentiment survey fell to 51 in August from 55.2, well short of forecasts, capping a week that also brought cooler inflation and a weak Retail Sales report. As a result, bets on a September Federal Reserve (Fed) rate hike have faded further. The coming week hands the Dollar no top-tier data of its own. Instead, Wednesday’s Federal Open Market Committee (FOMC) Minutes from the July meeting take center stage, offering the detail…

Societe Generale analysts highlight CNY’s firm trend, with the currency advancing to 6.7424, its strongest level since February 2023, on Dollar weakness and lower US yields. The PBoC reiterates an accommodative stance and targeted support while avoiding explicit rate or RRR cut signals, as 10-year CGB yields fall below 1.70%.Policy support underpins currency strength”CNY maintains steady appreciation path: The CNY advanced to 6.7424 today, its strongest level since February 2023, supported by broad-based dollar weakness and lower US yields.””In its latest quarterly monetary policy implementation report, the PBoC reiterated its commitment to maintaining an appropriately accommodative policy stance and deploying…

USD/MXN refreshed 24-month lows below 17.00 on Friday, but it has recovered some ground, with buyers stepping in and reclaiming the 17.00 level. Data from the United States (US) weighed on the Greenback, as consumer sentiment and Retail Sales deteriorated. The pair trades at 17.02, after bouncing off daily lows of 16.97.USD/MXN holds near two-year lows as traders price out Fed hikesUS data proved benign on the inflation front, with consumer and producer prices edging lower. The Nonfarm Payrolls reading on August 7 and jobless claims on Thursday paint a picture of ‘some’ softening, but give Federal Reserve officials no…