As stablecoin capitalization surges past $300 billion, a new Moody's report warns that structural vulnerabilities, including opaque reserves and weak governance, could undermine the perceived stability of these digital assets and pose systemic risks.
BetMGM announced record financial results for fiscal year 2025, with net revenue soaring 33% to $2.8 billion. While CEO Adam Greenblatt reaffirmed the company's iGaming focus, a 63% surge in online sports betting revenue proved the primary growth driver, signaling a pivotal shift in the competitive U.S. digital gaming landscape.
Shares of cloud communications provider 8x8 soared more than 50% Wednesday after the company reported quarterly results that exceeded expectations and issued guidance well above analyst forecasts, signaling a potential turnaround.
A proposed acquisition of eye-lens maker STAAR Surgical by Alcon faces fierce resistance from major investors, who argue the company is being sold at a cyclical low. The clash has forced deal amendments and delays, setting the stage for a potential proxy fight or higher bid.
As gold and silver prices hit historic highs, the intrinsic value of Olympic medals has skyrocketed. This surge is creating a lucrative secondary market, with champion athletes like swimmer Ryan Lochte capitalizing by selling their hard-won hardware for six-figure sums.
The Trump administration will withdraw 700 ICE officers from Minnesota, citing improved collaboration with local authorities. The move, announced by Border Czar Tom Homan, signals a tactical shift and follows the sidelining of Homeland Security Secretary Kristi Noem, with whom Homan has a contentious history.
A former Flagler County paramedic receives a 10-year prison sentence for sexually assaulting and recording an unconscious patient during a medical transport, in a case that has shaken public trust in emergency responders.
In a recent interview, Microsoft co-founder Bill Gates addressed his past meetings with the late financier Jeffrey Epstein, stating he regrets "every minute" spent with him.
Authorities and family express growing concern for Sabrina Heinz, 49, last seen at a Winnsboro gas station before her company car was discovered out of gas on a major interstate, with personal belongings left inside.
As the quantum computing sector moves from lab to market, investors are eyeing early leaders D-Wave Quantum and IonQ. Despite high valuations and technical hurdles, their divergent approaches could define the industry's future.
Spire Inc. posted a sharp rise in fiscal first-quarter earnings, driven by higher natural gas rates and improved utility performance. The company reaffirmed its full-year outlook, signaling confidence amid regulatory adjustments and evolving energy market dynamics.
In a significant portfolio adjustment, Cornerstone Planning Group has acquired a $12.5 million position in the VictoryShares Short-Term Bond ETF (USTB), signaling a strategic pivot towards capital preservation and income in anticipation of evolving monetary policy.
Luxury sleepwear brand Petite Plume names former Fleur du Mal president Irina Topuria to its newly created president role, tasking her with steering strategic growth and operational scaling as the company eyes broader market reach.
The strategic purchase of Meritage Portfolio Management adds nine advisors and deepens Captrust's presence in a competitive regional market, following its 2022 entry via Frontier Wealth Management.
Energy giant Drax Group has launched a consultation process that could put hundreds of jobs at risk across its UK and North American operations, as the company shifts its focus towards future energy security and biomass innovation.
Nathan Golik, a former NexCore Group executive, joins Ryan Cos. as President of its South Central region, bringing over $2 billion in development experience to steer the contractor's growing portfolio in Texas, Oklahoma, Louisiana, and Arkansas.
CNBC's Jim Cramer has singled out Agnico Eagle Mines as his top pick in the gold mining sector, emphasizing its high-quality reserves in politically secure regions like Canada as a critical hedge amid tightening global supply and rising instability.
Wabash National Corporation reported a challenging fourth quarter, with revenue and earnings falling short of expectations amid persistent softness in freight and industrial markets. While the company implemented cost-cutting measures, including facility idlings, its Parts & Services segment showed notable resilience, growing 33% year-over-year.
Analysts at Jefferies have downgraded consumer health giant Kenvue to Hold, slashing their price target to $18. The move follows overwhelming shareholder approval for its acquisition by Kimberly-Clark and reflects concerns over limited upside and ongoing litigation risks.
The Washington Post has initiated a major restructuring, eliminating approximately one-third of its positions across all departments, including the closure of its sports desk and a reduction in international bureaus, as the newspaper grapples with financial pressures and shifting readership.
