CME Group announced plans to sue the Commodity Futures Trading Commission (CFTC) over its recent approval of bitcoin perpetual futures, arguing these contracts should be classified as swaps, not futures, under the Dodd-Frank Act. CME's CEO Terrence Duffy claims the CFTC rushed the approval process and that perpetual futures require different regulatory treatment. The lawsuit challenges the CFTC's decision to allow Kalshi and Coinbase to offer these products in the U.S., which CME sees as a threat to its exclusive market benchmarks. The CFTC has dismissed the lawsuit as frivolous and defends its move to regulate crypto derivatives domestically. This legal battle highlights ongoing regulatory uncertainty in the U.S. crypto derivatives market.
Intel's stock surged after Northland Securities upgraded it from "Market Perform" to "Outperform" with a $120 price target, following Intel Foundry's progress in High Numerical Aperture Extreme Ultraviolet (High-NA EUV) lithography. Intel has process...
ABM Industries reported strong Q3 2026 results, surpassing analyst EPS estimates with $1.04 per share versus the expected $1.01. The company achieved record revenue of $2.3 billion, a 4.2% increase driven by organic and acquisition growth. Adjusted n...
GameStop is set to report its Q2 2026 earnings with analysts expecting an EPS of $0.27 and revenues around $756.85 million, down from $972.20 million the previous year. The company’s own sales forecast of $780-$800 million confirms a significant reve...
Opus Genetics, a clinical-stage biotech focused on inherited retinal diseases, received a Buy rating and $8 price target from analyst Matthew Caufield in August 2026. The company plans to release topline Phase 1/2 data for its gene therapy OPGx-BEST1...
General Electric (GE) announced it will acquire Consolidated Precision Products (CPP) for $11.75 billion to enhance its aerospace casting production. This strategic move aims to strengthen GE's manufacturing capabilities and accelerate engine technol...
