Foot Locker, Inc (NYSE:FL) stock tumbled in the premarket session on Tuesday. The company reported a third-quarter adjusted EPS of $0.33, missing the analyst consensus estimate of $0.41. Quarterly sales of $1.96 billion missed the street view of $2.02 billion. Also Read: Snowflake, Elastic Poised For AI Revolution Gains, Analyst Upgrades The Stocks Total sales decreased 1.4% year over year. Comparable […]
Anusuya Lahiri | December 4, 2024
Ethereum (CRYPTO: ETH) ETFs could soon offer staking yields, marking a significant evolution in institutional crypto investment, according to a new Bernstein report. What Happened: Bernstein analysts on Moday emphasized that integrating staking yields into ETFs would not only improve their economics but also drive significant asset inflows, particularly as Ethereum continues to dominate key […]
Murtuza Merchant | December 2, 2024
On CNBC’s “Halftime Report Final Trades,” Jim Lebenthal of Cerity Partners named Citigroup Inc. (NYSE:C), which surged to a fresh 52-week high on Friday. On Nov. 13, Citigroup announced a new collaboration with the Bank of Shanghai to launch a payment solution designed to simplify the payment experience for international travelers in China. Don’t forget […]
Avi Kapoor | November 25, 2024
Charles Schwab Corp.‘s (NYSE:SCHW) incoming CEO, Rick Wurster has announced that the company is gearing up to offer spot cryptocurrency trading once the regulatory environment in the U.S. becomes more favorable. What Happened: Wurster, currently serving as the firm’s president, shared his thoughts in a Bloomberg Radio interview, highlighting the potential shift in regulations under […]
Murtuza Merchant | November 22, 2024
Robinhood Markets Inc. (NASDAQ:HOOD) has been identified as the leading beneficiary of potential regulatory shifts in the cryptocurrency sector, according to a Bernstein report. What Happened: The research firm highlighted the brokerage platform as the “Top ‘Crypto Deregulation’ Trade,” increasing its price target to $51, up from $30, reflecting a 46% upside. In a note […]
Murtuza Merchant | November 20, 2024
June 10, 2024