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Palo Alto Networks (NASDAQ: PANW) reports fiscal fourth-quarter earnings after the close on Sept. 1. Investors face a familiar question. Shares of PANW trade at a steep premium to nearly every historical valuation metric.  Yet many analyst models still assume far more conservative growth than the company is actually delivering.  That gap between perception and fundamentals is the real story heading into this report. Palo Alto Networks Stock Looks Expensive, But the Valuation May MisleadThe bear case writes itself. PANW’s trailing price-to-earnings (P/E) ratio sits near 295, versus its own three-year average closer to 134. That’s a premium of more than 100% to its historical norm. The price-to-sales ratio tells…

MarketsPublishedAug 21, 2026Bitcoin’s rally above $79,000 lifted miners and treasury companies, with Canaan, Strive and Metaplanet posting double-digit gains as crypto stocks surged. Shares of Bitcoin miners and digital asset treasury companies surged toward the end of the week, tracking a broader rally across crypto markets after the US Treasury announced it would double certain long-dated bond buybacks — a move aimed at supporting liquidity in the Treasury market that also helped bolster risk appetite.Bitcoin (BTC) miner Canaan led crypto-related stocks on Friday, rising more than 25%. MARA Holdings edged higher after gaining nearly 16% during Thursday’s session.Strive, which holds…

Key takeaways:The Spot Ether ETF outflows overwhelmed BitMine’s ETH accumulation, raising the chance of a drop below the $1,500 support.Falling DApps revenue and weak staking yields highlight limited ecosystem incentives despite tokenization potential.Ether (ETH) has failed to sustain prices above $1,600 since Thursday, following the broader cryptocurrency market’s downtrend. Lower oil prices created a positive tone that fueled investors’ hopes for more expansionist monetary policy. That setup favors stocks and pushes bond yields higher.Traders now fear that ETH will not hold the $1,500 support level for long. Spot Ether ETF outflows void the impact of accumulation from Ether treasury companies.ETH/USD…

Digital Asset, the creator of the Canton Network, and former US House Speaker Paul Ryan’s American Idea Foundation plan to pilot a blockchain-based system for distributing state-administered benefits across three US states using the Canton Network.The RISE program is expected to launch in the first quarter of 2027 and would combine multiple benefits into monthly or twice-monthly payments, with spending rules applied to categories including food, child care and cash.According to Friday’s announcement, the system would automatically adjust benefit levels as household income changes and allow participating agencies to track payments, balances, spending and compliance data through Canton. Digital Asset…

In brief Originality.ai flagged 1,272 of 2,034 religious books analyzed on Amazon, or 63%, as likely AI-written. Witchcraft had the highest rate at 78%, followed by Hinduism at 76% and Taoism at 74%. The study flagged 53% of fact-checkable claims in witchcraft books as potentially false. Nearly two-thirds of religious books sampled on Amazon were likely written by artificial intelligence, according to a new study of more than 2,000 recently published titles.In a report released Wednesday, AI detection firm Originality.ai flagged 1,272 of 2,034 books, or 63%, as likely AI-written across 14 religious and belief categories.Myriad: How many days will…

A new Federal Reserve Bank of Cleveland working paper offers a provocative explanation for why cryptocurrency behaves so differently from traditional financial assets: Americans who buy crypto don’t simply have different demographics or risk appetites, they have radically different beliefs about digital assets’ future returns.The finding could help explain both crypto’s persistent volatility and the way rallies can attract new buyers, potentially creating a feedback loop in which rising prices reinforce bullish expectations and pull more investors into the market.Using repeated surveys of as many as 25,000 US households per wave, researchers Michael Weber, Bernardo Candia, Olivier Coibion and Yuriy…

I recently spoke with the founder of a cybersecurity company that had raised roughly $30 million. I asked him whether the company and board had started thinking about a potential M&A process. His answer was telling. “Not really,” he said. “When my board is in the mood, I will reach out and we can discuss a process.” What I heard was something different: When things start going south, or when the VC is stressed about liquidity (typically five years in) we will think about selling. That is how many boards approach M&A. They treat it as a fallback plan in…

In trading on Friday, shares of the First Trust Flexible Municipal High Income ETF (Symbol: MFLX) entered into oversold territory, changing hands as low as $16.823 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of First Trust Flexible Municipal High Income, the RSI reading has hit 29.7 — by comparison, the RSI reading for the S&P 500 is currently 54.2. A…

The 30-year Treasury is 12 basis points below its highest level since before the financial crisis. Not its highest since 2023, or since the tightening cycle, but since June 12, 2007, the last time the longest bond in the world’s deepest market yielded what it yields on Thursday.Getting there took two attempts and most of the year. The 30-year bottomed at 4.64% on February 27, ran to 5.18% by May 19 and was turned back, fell to 4.86% by June 24, and has climbed almost without interruption since. Roughly 40 of those basis points arrived after the end of June.…

Gold price (XAU/USD) is up 0.65% at around $4,550 during the early European trading session on Friday, the highest level seen in over 11 weeks. The precious metal capitalizes on a weak US Dollar (USD), which has been hit hard, as the Treasury’s decision to double down on long-term debt buybacks has amplified market concerns over escalating borrowing costs and the growing fiscal strain from the government’s ballooning debt.As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% lower at around 98.73. The USD Index is closer to its three-month low…