A securities class action has been filed against Gildan Activewear, accusing the company of inflating revenues through aggressive channel stuffing to meet short-term targets before its December 2025 acquisition of HanesBrands. The lawsuit claims Gildan misled investors by overstating growth and synergies while inventory levels were unsustainable. Following a critical report in June 2026 exposing these practices, Gildan's stock price fell over 18%. Former HanesBrands shareholders who received Gildan shares in the acquisition and suffered losses may have legal rights to join the lawsuit.
Baldwin Group is going private in a $7.7 billion all-cash deal led by Sequence Holdings and DFO Management, offering shareholders $32.50 per share, an 88% premium over the June 2026 price. The transaction will delist Baldwin from Nasdaq and is expect...
BTIG increased its price target for Cullinan Therapeutics to $40, reflecting a potential 93% upside from the current stock price of around $20.73. This upgrade follows successful Phase 3 trial results for zipalertinib, a treatment for non-small cell ...
Kroger reported mixed Q2 earnings with adjusted EPS of $1.09 beating estimates, but revenues slightly below expectations at $34.62 billion. Despite slower sales growth, Kroger maintained its full-year adjusted EPS guidance of $5.10 to $5.30, supporte...
Investor Michael Burry criticized leaders of AI companies like OpenAI and Anthropic for urging a slowdown in AI development, calling their calls "self-serving" and a cover for uncontrollable slowing growth. He argued that these companies are using fe...
Two employees of the cryptocurrency exchange Binance were temporarily detained at airports in the United Arab Emirates during police investigations related to third-party fund flows. A company spokesperson confirmed that the employees have been clear...
