The Cato Corporation reported a significant drop in net income to $1.1 million in Q2 2026, down from $6.8 million the previous year, driven by a 6% decrease in sales primarily due to a 3.7% decline in same-store sales. The company cited ongoing pressure on consumer discretionary income from inflation, high fuel prices, and elevated interest rates as key challenges. Gross margin also fell due to lower merchandise margins and higher occupancy costs. Cato closed eight stores in the quarter and expects continued challenges in the latter half of 2026, planning to manage expenses and inventory tightly.
FREELANDER has completed a global validation program for its FREELANDER 8 model, involving over 1,000 test vehicles across 50+ road types worldwide. The tests covered extreme conditions including deserts, rocky terrain, and heavy rain, ensuring durab...
Nvidia expects to pay a $0.25 per share dividend in Q4 2026, which would yield $25 for 100 shares, pending official confirmation. The company recently raised its quarterly dividend significantly and reported record revenue and earnings growth driven ...
COLDCARD, a Bitcoin hardware wallet maker, confirmed that its official X account was compromised on October 11, posting a phishing link that directed users to a fake wallet security site. The fraudulent post falsely claimed firmware vulnerabilities a...
XRP's price has remained stable around $1.39 for three days, while an important XRP Ledger amendment for cleanup is set to activate on October 23 after gaining majority validator support. However, the lending function, crucial to Ripple's 2027 busine...
Ronin, a blockchain designed for gaming, recently implemented the Karst upgrade, aligning its technology closely with Ethereum's latest standards. Despite technical improvements, the RON token trades around $0.069, down 98% from its March 2024 peak, ...
