A New York court paused a major lawsuit claiming ownership of 39,069 dormant bitcoin wallets worth about $293 billion after attorney Ian R. Cohen argued these wallets were not abandoned. The case, filed by a plaintiff named Noah Doe, alleges lost property rights over these wallets under New York's lost-and-found law. Cohen's amicus brief challenged the legal basis, stating the law applies to physical objects, not blockchain entries, and that inactivity doesn't equal abandonment. The court's stay means a hearing will now determine if the lost-property claim holds, with significant implications for bitcoin ownership rights and legal jurisdiction over digital assets.
United Natural Foods (UNFI) is set to report Q4 earnings with revenue expected around $7.71 billion, a slight 1.6% decline from last year due to network optimization. Despite the revenue drop, EPS is forecasted to rise sharply to $0.61-$0.62, a signi...
Oracle reported strong fiscal 2026 results with 17% revenue growth to $67 billion and a 36% net income increase, driven by a 75% surge in its cloud infrastructure segment. Despite a recent 55% stock price drop from its peak, Morgan Stanley raised Ora...
RBC Capital increased its price target for cybersecurity firm Zscaler to $210, maintaining an "Outperform" rating due to the company's strong financial results and AI innovation. Zscaler reported a 25% rise in revenue and Annual Recurring Revenue, su...
Lululemon Athletica's shares fell about 18% after the company lowered its full-year financial forecast for the second time, reflecting ongoing challenges. In Q2 2026, total net revenue dropped 4% to $2.40 billion, with a 10% fall in comparable sales ...
Teva Pharmaceutical Industries received a boost as UBS reaffirmed its "Buy" rating and raised the price target to $48, up from $36.62. This follows positive Phase 2a clinical trial results for TEV '408, a drug showing significant prevention of intest...
