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Alexander Hamilton’s bank, Goldman Sachs embrace digital tokens to trade money markets 24/7

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avrotusa
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Goldman Sachs (GS) and the Bank of New York Mellon (BK) are teaming up to make it easier for institutional investors to trade money market funds 24/7 by using blockchain technology to “tokenize” the assets.

The collaboration between the Wall Street investment giant and a 241-year-old bank founded by Alexander Hamilton is the latest example of how venerable financial firms are pushing further into the digital asset realm as the crypto industry gains more favorable regulatory treatment in Washington, D.C.

Goldman Sachs and Bank of New York Mellon will use a proprietary tokenization platform developed by Goldman to maintain the record-keeping of select Bank of New York Mellon money market funds.

Money managers BlackRock (BLK), Federated Hermes, and Fidelity Investments have also signed up for the launch.

FILE PHOTO: The office of BNY Mellon investment banking company is pictured in New York City, U.S., July 10, 2024.REUTERS/David 'Dee' Delgado/File Photo
A Bank of New York Mellon office in New York City. (Reuters/David ‘Dee’ Delgado/File Photo) · Reuters / Reuters

Proponents see the value of putting money markets on blockchains as coming down to raw efficiency, where time and, therefore, costs of transferring interest-bearing cash instruments could be reduced. In that way, they serve the same purpose as interest-bearing, dollar-pegged stablecoins.

A big use for these assets within the crypto world is via cryptocurrency exchanges that accept shares of tokenized money market funds as collateral for loans.

“As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,” Laide Majiyagbe, BNY’s global head of liquidity, financing, and collateral, said in a statement with the press release.

Read more: Can you buy crypto with a credit card? See the pros and cons.

Majiyagbe called the effort with Goldman Sachs “a first step.” The company will not solely rely on a blockchain for record-keeping. Instead, BNY will still maintain the official books, records, and settlement for the funds within the current guidelines for money market funds.

The attention for Goldman’s tokenization platform, known as GS DAP, comes roughly half a year after the Wall Street bank announced its intent to potentially spin it out as a “an industry-owned distributed technology solution.”

That ambition is “still in progress,” according to a Goldman Sachs spokesperson.

NEW YORK, NEW YORK - DECEMBER 16: The Goldman Sachs headquarters building stands in Manhattan on December 16, 2022 in New York City. Goldman Sachs, the global investment bank, has announced that it plans on cutting up to 8% of its employees early next year as world economies and markets continue to struggle with inflation, the war in Ukraine and China's Covid policies among other issues. (Photo by Spencer Platt/Getty Images)
The Goldman Sachs headquarters building in Manhattan. (Spencer Platt/Getty Images) · Spencer Platt via Getty Images

“We are excited about this strategic collaboration with BNY in our journey towards the longer-term vision,” Goldman Sachs head of digital assets Mathew McDermott said of the tokenization platform in a statement with the press release.

As of now, there are more than 40 tokenized money market funds, though most of them have less than $1 billion in assets, according to JPMorgan Asset Management’s Teresa Ho Kim. BlackRock’s $2.4 billion BUIDL fund represents roughly half of the nearly $5 billion market.

Old Wall Street firms and newer players like Robinhood (HOOD), Coinbase (COIN), and Circle (CRCL) have all eyed the chance to tokenize a range of assets. One clear place where proponents have signaled they can reduce costs is in cash instruments.

“It is shocking how much friction still exists with just cash. It’s unbelievable. And the ability to just make that also be better, faster, cheaper, I think we all know there’s a lot of opportunity there,” BlackRock COO Rob Goldstein said last month while speaking about tokenization at a New York conference hosted by Coinbase.

David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other areas in finance. His email is david.hollerith@yahoofinance.com.

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Justice department official meets Epstein accomplice Maxwell

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avrotusa
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A senior justice department official met Jeffrey Epstein’s long-time associate Ghislaine Maxwell on Thursday as pressure grows on the Trump administration to release files linked to the disgraced financier’s sex trafficking network.

The meeting took place in Tallahassee, Florida, where Maxwell is serving a 20-year sentence for sex trafficking.

An attorney for Maxwell, David Markus, told the BBC’s US partner CBS News that he would not comment on the “substance” of the discussions but said “there were a lot of questions and we went all day”.

“She answered every one of them,” he said. “She never did say I’m not going to answer, never declined.”

Deputy Attorney General Todd Blanche had said earlier this week that he planned to speak to Maxwell about any information she had on other people whom Epstein may have helped sexually abuse girls.

After meeting Maxwell, Blanche wrote on X that he would continue his interview with her on Friday and share additional information “at the appropriate time”.

Mr Markus told reporters he was “thankful” that Blanche had come to ask Maxwell questions.

“It’s the first time the government did it. So it was a good day,” he said.

The latest developments come as interest has switched back to Ghislaine Maxwell, 63, a convicted sex-trafficker in prison for helping Epstein abuse young girls.

Calls have grown from the public – including President Donald Trump’s loyal supporters – and lawmakers for the justice department to release files related to the Epstein case.

On Wednesday, The Wall Street Journal reported that Attorney General Pam Bondi informed Trump during a May briefing that his name appeared in DOJ documents related to the Epstein case.

The White House has pushed back dismissing the story as “fake news”.

Being named in the documents is not evidence of any criminal activity, nor has Trump ever been accused of wrongdoing in connection with the Epstein case.

While campaigning for the presidency last year, Trump had promised to release such files about the well-connected sex offender.

But his supporters have since grown frustrated with the administration’s handling of the issue, including its failure to deliver a rumoured “client list” of Epstein. In a memo earlier this month, the justice department and FBI said there was no such list.

Epstein died in a New York prison cell in 2019 while awaiting trial on sex trafficking charges, following an earlier conviction for soliciting prostitution from a minor. His death was ruled a suicide.

In the years since, conspiracy theories about the nature of his crimes and his death itself have proliferated.

On Wednesday, a sub-committee of the US House of Representatives voted to subpoena the justice department for the files, which must be signed off by the committee chairman.

Republicans on the House Oversight Committee have also subpoenaed Maxwell to testify before the panel remotely from prison on 11 August.

House Speaker Mike Johnson has warned that Maxwell – who for years helped Epstein groom and sexually abuse girls – cannot be trusted to provide accurate testimony.

Her attorney, David Oscar Markus, told the BBC the concerns were “unfounded” and that if she chose to testify, rather than invoke her constitutional right to remain silent, “she would testify truthfully, as she always has said she would”.

Last week, the justice department asked a federal judge to release years-old grand jury testimony related to a 2006 Florida investigation into Epstein, but a federal judge in the state on Wednesday declined to make the documents public.

Top DOJ official says he will continue Maxwell interview on Friday, share information ‘at the appropriate time‘

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avrotusa
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Deputy Attorney General Todd Blanche said that he will continue his interview with convicted sex trafficker Ghislaine Maxwell on Friday and that the Justice Department (DOJ) will share more information about the discussions at “the appropriate time.” 

“Today, I met with Ghislaine Maxwell, and I will continue my interview of her tomorrow. The Department of Justice will share additional information about what we learned at the appropriate time,” Blanche said in a Thursday evening post on X. 

Blanche met with Maxwell, who was sentenced to 20 years in prison in 2022, for about five hours. Maxwell was a longtime associate of Jeffrey Epstein, a convicted sex offender and financier.

Maxwell’s attorney David Oscar Markus said that his client answered every question and expressed gratitude to the federal government for trying to “uncover the truth.” 

“Looking forward to another productive day tomorrow. Ghislaine honestly answered every question that @DAGToddBlanche asked,” the lawyer wrote in a Thursday evening post on X. “And she will continue to do so. We are grateful that the government is trying to uncover the truth. They have never before spoken with her and we trust the process.” 

“He took a full day and asked a lot of questions, and Ms. Maxwell answered every single question,” Markus said to reporters after the interview. 

“She never stopped. She never invoked her privilege,” the attorney added. “She never declined to answer. She answered all the questions truthfully, honestly and to the best of her ability.”

The interview with Maxwell in Florida comes as President Trump’s administration is under pressure from the MAGA base and others to release more evidence related to Epstein’s case. 

Maxwell is currently appealing her 2021 conviction to the Supreme Court, while the DOJ has urged the justices last week to deny her request. 

Epstein, who ran in high-powered circles, mingling among politicians, businessmen and fashion moguls, was found dead in his jail cell in New York while awaiting trial. The medical examiner ruled that his death was a suicide. 

The DOJ and FBI reaffirmed the finding in a joint, unnamed memo earlier this month, stating that Epstein died by suicide and that he did not keep the so-called “client list.” The memo has infuriated the MAGA base, who have been demanding more transparency. Attorney General Pam Bondi, who said in February she had Epstein’s alleged client list “sitting on my desk right now to review,” later objected to releasing more documents, arguing it would be damaging to Epstein’s victims and that the batch was full of pornographic images. 

Bondi told Trump in May during a briefing that his name appeared multiple times in the Epstein files, according to The Wall Street Journal. Bondi also said many other high-profile figures have been named, but that alone is not a sign of wrongdoing. The White House brushed off the report. 

“The fact is that The President kicked him out of his club for being a creep. This is nothing more than a continuation of the fake news stories concocted by the Democrats and the liberal media, just like the Obama Russiagate scandal, which President Trump was right about,” White House communications director Steven Cheung said in a statement on Wednesday. 

Ian Maxwell said Wednesday evening his sister Ghislaine “will be putting before that court material new evidence that was not available to the defense at her 2021 trial, which would have had a significant impact on its outcome.” 

Jim Cramer on New Gold: “It’s Okay”

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avrotusa
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New Gold Inc. (NYSE:NGD) is one of the stocks Jim Cramer reflected on. During the lightning round, a caller inquired about the stock, and Cramer replied:

“It’s okay. I mean, why not buy Agnico Eagle? That’s the one I really, really like. They’re doing so well. Let’s go with that, Agnico.”

Jim Cramer on New Gold: "It's Okay"
Jim Cramer on New Gold: “It’s Okay”

Pixabay/Public Domain

New Gold (NYSE:NGD) is a mining company focused on the exploration, development, and operation of mineral properties, primarily producing gold, silver, and copper from its key assets in Ontario and British Columbia.

The company recently announced its Q2 earnings result date, which is set on July 28. During the last quarter earnings, New Gold’s (NYSE:NGD) President and CEO, Patrick Godin, noted a strong start to the year, highlighting the company’s full ownership of New Afton, successful refinancing of senior notes, and extension of its credit facility. Two updated Technical Reports were also released, which showed improved production outlooks and reduced costs. The CEO added:

“Operationally, we delivered our first quarter as planned, advancing several critical path objectives to set ourselves up to achieve our annual guidance. At New Afton, B3 grades were higher than expected as the cave nears exhaustion, which is now expected by the end of the second quarter of 2025. At Rainy River, our efforts to sequence waste stripping in the early months of the year have allowed us to remain on-track for a step-up in production starting in the second quarter, and to deliver an improved second half of the year. Additionally, underground development continues to advance, and I’m pleased to report the successful pit portal breakthrough occurred in early April, an important catalyst that enables the underground ramp-up to advance throughout the year.”

While we acknowledge the potential of NGD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

Samaritans to close more than 100 branches

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avrotusa
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The Samaritans are planning to close more than 100 branches across the UK and Ireland, the BBC has learned.

In a presentation to staff, the suicide prevention charity’s chief executive said “at least half” of their branches will close.

Dozens of branches have voiced concerns, some fearing the proposals will lead to an exodus of volunteers: “They’re dismantling something that has worked for 70 years,” said one volunteer.

The Samaritans said having more than 200 branches “is not sustainable and hinders us” from providing the best service.

Founded in 1953, the Samaritans focus on preventing suicides by connecting trained volunteers with people who are struggling.

The charity estimates it answers a call for help every 10 seconds.

The proposals were revealed in a video message sent by the leadership of the charity to volunteers last week.

Chief executive Julie Bentley, said while there wasn’t “a definitive view” on how many branches the charity needed: “It’s likely that within the next seven to 10 years our branch network will have reduced by at least half.

“With less branches, we’ll look to move to fewer but bigger regions,” she added.

If the charity’s board agrees to the plans at a meeting in September, the changes will begin in April in the UK and 2027 in Ireland. The list of branches which could close has not been decided.

The Samaritans, considered the fourth emergency service by its staff and volunteers, play a key role in suicide prevention, offering round the clock telephone support to people in distress.

Volunteers who answer the calls are based in offices around the country, many of which will now close.

The BBC has been told more than 50 branches, over a quarter of the total, have been raising concerns on an internal forum since the proposals were announced.

Plans for “virtual volunteering” where people answer calls from home, have sparked fears volunteers could leave the charity due to the pressures of dealing with calls about suicide alone.

Others only decided to help out due to feeling isolated at home.

Female volunteers have also said they would be uncomfortable with remote working due to the number of abusive and sexual calls the charity receives.

In her message to staff, Ms Bentley said some offices were failing to retain enough volunteers and “don’t support the effective delivery of our services to callers”.

She also expressed concern that too much of the Samaritans’ income is spent on “maintaining bricks and mortars, rather than being used to improve our services”.

But it is the loss of the intimacy and support the offices provide that worries many volunteers.

They fear the charity’s proposals will create large, impersonal call-centres in big towns and cities, reducing the likelihood of people from rural areas being able to volunteer and undermining the meaning of being a Samaritans volunteer.

In its latest accounts, for 2023-24, almost two thirds (£15.3m) of the charity’s £24.6m income was spent on staff costs and less than 4% on land and buildings.

“We’re not against change,” one volunteer told the BBC, “but they’ve not provided any evidence these changes will improve the charity. It feels more like the professionalisation of the Samaritans.”

The proposals, if enacted, would also see the charity withdraw from some current activities, including talks in schools and providing the Veterans Emotional Support Line.

In a statement to BBC News, the Samaritans emphasised that their services would continue to be available every minute of every day, so people should always be able to contact them.

“Samaritans provides a life-saving service, day and night, 365 days a year but the changing needs of our callers and volunteers mean thinking differently about the way our services need to work,” said Ms Bentley.

“We are engaging with our volunteers on proposed improvements that will mean we are able to answer more calls, have more volunteers on duty and be there for more people in their darkest moments.

“Samaritans volunteers are hugely dedicated to being there for our callers and they remain at the heart of our service, but it has become increasingly clear that having over 200 branches, varying in size from 10 to 300 volunteers, is not sustainable and hinders us providing the best possible service to people who need us,” she added.

Pentagon halts participation in research, think tank events

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avrotusa
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The Department of Defense (DOD) is halting the participation of its officials in research and think tank events, for now, according to a new directive issued this week. 

The Pentagon will vet every event where national security officials are invited to speak to ensure the gathering is aligned with the values of the department. 

“In order to ensure the Department of Defense is not lending its name and credibility to organizations, forums and events that run counter to the values of this administration, the Department’s Office of Public Affairs will be conducting a thorough vetting of every event where Defense officials are invited to participate,” the Pentagon’s chief spokesperson Sean Parnell said in an emailed statement to The Hill. 

The order, which went into effect on Tuesday, came just over a week after the Pentagon decided to pull senior DOD officials from the annual Aspen Security Forum, a four-day summit in Colorado, saying the national security gathering “promotes the evil of globalism, disdain for our great country and hatred for the President of the United States.”

Pentagon spokesperson Kingsley Wilson said in a Thursday post on the social media platform X that “going forward, no DOD official will attend events by America Last organizations” that promote “globalism” and “hate” President Trump. 

The DOD has banned officials from participating in the Halifax International Security Forum, an annual gathering of military and foreign officials slated to take place in November, and it is analyzing whether the Pentagon should be part of other security summits, according to Politico, which first reported on the decision. 

The order applies to civil servants, military officers and senior leaders, who will be asked to provide talking points for their speeches before going on stage, Politico reported, citing an internal email sent to DOD personnel. 

Former high-ranking DOD officials, including ex-Defense secretaries, have participated in national security conferences where they have given speeches, outlined aspects of U.S. defense policy, and met with their counterparts. 

“The days of ‘business as usual’ are OVER,” Wilson, the DOD spokesperson, wrote on X. 

Enphase Stock Plummets. An Earnings Beat Couldn’t Dispel the Solar Gloom.

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avrotusa
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Enphase Stock Plummets. An Earnings Beat Couldn’t Dispel the Solar Gloom.

‘Threat to NHS’ from strikes and UK ‘must do more’ on Gaza

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avrotusa
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The headline on the front page of the Daily Mail reads: "I won't cave in to militant doctors".

Several papers lead on the five-day strike by resident doctors starting this morning. Health Secretary Wes Streeting’s “defiant” message that he “won’t cave in to militant doctors” leads the Daily Mail. Streeting tells paper the walkout by around 50,000 doctors will cause “untold misery” for patients, adding that he won’t let the British Medical Association “hold this country to ransom”.

The headline on the front page of the Times reads: "PM: Strikes pose threat to NHS as we know it".

The strikes pose a “threat to the NHS as we know it”, according to an editorial by Prime Minister Sir Keir Starmer in the Times. In his appeal to doctors to “snub” the walkout, Starmer says the industrial action will “play into the hands” of those that “do not want our NHS to succeed in its current form”. According to Starmer, the strikes could make Reform UK leader Nigel Farage’s plan to change the NHS funding model look more appealing to voters.

The headline on the front page of the Daily Express reads: "Doctors' 5-day strike is a 'threat to lives'".

The Daily Express leads with comments from the shadow health secretary Stuart Andrew who criticises the strikes as “irresponsible, unnecessary, wrong”. The 5-day action is set to plunge the NHS “into crisis”, he says.

The headline on the front page of the Guardian reads: "Let aid in, pleads UN chief, as even his staff faint from hunger in Gaza".

The doctors’ strikes gets a front page slot on the Guardian, but the paper leads with a plea from the head of the Palestinian refugee agency Unwra to “let aid in” to Gaza, with at least 45 people dying of hunger in the territory over four days this week. Gazans are “neither dead nor alive, they are walking corpses”, according to Philippe Lazzarini, the head of Unwra.

The headline on the front page reads "UK ready to recognise Palestinian state in peace deal".

The UK is “ready to recognise” a Palestinian state according to the i Paper, which leads on Starmer’s comments that Palestinians have an “inalienable right” to statehood. The prime minister will lobby US President Donald Trump over the “humanitarian catastrophe” in Gaza during his visit to the UK this weekend, the paper reports.

The headline on the front page of the Daily Mirror reads: "Britain must do more".

The Daily Mirror features a photo of desperate people begging for food in Gaza, with the headline “Britain must do more”. The accompanying story reports on a warning from MPs to the prime minister that the government “must not shrug our shoulders and say there is nothing we can do”. The death of wrestling legend Hulk Hogan aged 71 features at the top of the page with a typically colourful photo of the star.

The headline on the front page of the Daily Star reads: "Incredible Hulk".

Tributes to the “incredible Hulk” front the Daily Star, following his death from cardiac arrest. The wrestler, pictured in his signature golden briefs and vest, was found dead at his Florida mansion after years of being “plagued” by health issues, the paper reports.

The headline on the front page of the Sun reads: "Taking a Liberty.. & Gucci, Prada, John Lewis".

“RIP Hulk” appears in the Sun’s top bar, but the paper leads on reports that asylum seekers have been shoplifting from famous London stores, including Liberty, Gucci, Prada and John Lewis. “Taking a Liberty” is their headline, while a security firm whistleblower tells the paper that police “rarely attend” their calls.

The headline on the front page of the Daily Telegraph reads: "Farms close at record rate after IHT raid".

The Daily Telegraph also reports on immigration issues, featuring comments from the Essex Police commissioner that migrants could be moved from an Epping hotel. But the paper leads with the closure of more than 6,000 agricultural businesses this year after Labour cut the amount of inheritance tax available to farms. A net loss of more than 3,000 agricultural businesses over the first six months of 2025 indicates the number of farms is shrinking “at the fastest pace on record”.

The headline on the front page of the Financial Times reads: "Tesla shares tumble after Musk warns Trump's anti-EV agenda will hit profit".

Sharp declines in Tesla shares leads the Financial Times, which reports that the tumble came following warnings from the company’s chief executive Elon Musk that Trump’s anti-EV agenda “will hit profit”. Tesla stocks fell 8% by midday trading on Thursday, worsening a decline that has wiped more than half a trillion dollars from the company’s value since December, according to the paper.

The headline on the front page of Metro reads: "Good luck, let's go!"

An emotive “good luck” letter to Lionesses manager Sarina Wiegman is the lead for Metro, ahead of their Euro 2025 final match against Spain on Sunday. The address to Wiegman – a Dutchwoman “who has become truly dear to England – details her series of successes with the Lionesses, now reaching a third major final in four years, before declaring: “In Sarina and the Lionesses we trust”.

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US drops to lowest ranking yet on index of most powerful passports

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The U.S. has dropped to its lowest ranking yet on the index that tracks the most powerful passports among countries, according to a new quarterly report released this week. 

The Henley Passport Index, which was formed by London-based consulting firm Henley & Partners, revealed in a Tuesday update that the U.S. has gone down by one spot in the world rankings and now has the 10th most powerful passport worldwide. 

The report is compiled using data from the International Air Transport Association. 

The U.S. was first on the list in 2014. The U.S. passport allows Americans to enter 182 countries without a visa. Tied with the U.S. are Lithuania and Iceland.

“The consolidation we’re seeing at the top underscores that access is earned — and must be maintained — through active and strategic diplomacy. Nations that proactively negotiate visa waivers and nurture reciprocal agreements continue to rise, while the opposite applies to those that are less engaged in such efforts,” said Christian Kälin, the inventor of the passport index concept. 

Singapore is still in first place, allowing its citizens visa-free access to 193 destination spots. South Korea and Japan share second place, granting 190 visa-free destinations to their citizens. 

Seven European Union (EU) countries — Denmark, Finland, France, Germany, Ireland, Italy, and Spain — are in the third spot. Seven other EU nations — Austria, Belgium, Luxembourg, Netherlands, Norway, Portugal and Sweden — are in fourth place, while Greece, Switzerland and New Zealand are tied in fifth place, according to the report. 

Afghanistan is at the bottom of the list with allowing visa-free access to 25 destinations. 

“While international passport rankings may vary based on methodology, our focus remains on facilitating secure, efficient, and reciprocal travel for American citizens and foreign nationals alike,” a State Department spokesperson said in a statement to CBS News. 

Weak Demand Affected Monro’s (MNRO) Profitability in Q2

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avrotusa
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Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” second quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter started with a risk-off environment from the previous quarter, but later regained momentum driven by broad-based elements. In the second quarter, the strategy delivered a return of 3.25% net of fees (3.41% gross of fees) underperforming the 8.50% total return of the Russell 2000 Index. For more information on the fund’s best picks in 2025, please check its top five holdings.

In its second quarter 2025 investor letter, Aristotle Capital Small Cap Equity Strategy highlighted stocks such as Monro, Inc. (NASDAQ:MNRO). Headquartered in Rochester, New York, Monro, Inc. (NASDAQ:MNRO) offers automotive undercar repair, and tire sales and services. The one-month return of Monro, Inc. (NASDAQ:MNRO) was 21.36%, and its shares lost 31.11% of their value over the last 52 weeks. On July 22, 2025, Monro, Inc. (NASDAQ:MNRO) stock closed at $16.65 per share, with a market capitalization of $499.024 million.

Aristotle Capital Small Cap Equity Strategy stated the following regarding Monro, Inc. (NASDAQ:MNRO) in its second quarter 2025 investor letter:

“Monro, Inc. (NASDAQ:MNRO), operates a chain of approximately 1,200 automotive repair and tire retail stores. Ongoing weak demand had weighed on the company’s profitability for longer than anticipated and with expectations for continued economic pressures for their core low-income customers, we decided to exit the position.”

Is Monro, Inc. (MNRO) the Underperforming Stock Targeted By Short Sellers?
Is Monro, Inc. (MNRO) the Underperforming Stock Targeted By Short Sellers?

A car in a service bay being inspected by a technician for a routine maintenance service.

Monro, Inc. (NASDAQ:MNRO) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Monro, Inc. (NASDAQ:MNRO) at the end of the first quarter, which was 21 in the previous quarter. In the fiscal fourth quarter of 2024, Monro, Inc.’s (NASDAQ:MNRO) sales decreased 4.9% to $295 million. While we acknowledge the potential of Monro, Inc. (NASDAQ:MNRO) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Monro, Inc. (NASDAQ:MNRO) and shared the list of underperforming stocks targeted by short sellers. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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