Two Thai entrepreneurs filed a lawsuit against Tether in New York federal court, alleging the stablecoin issuer froze $42.4 million USDT across ten Ethereum wallets in October 2025 without any judicial warrant or formal legal order. The freeze reportedly followed an informal request from a Homeland Security agent, and the plaintiffs claim they were not warned or given legal justification. A seizure warrant was issued months later in February 2026, ordering Tether to destroy the frozen tokens and transfer equivalent amounts to a government-controlled wallet, linked to fraud investigations. The plaintiffs seek compensation, an injunction to lift the freeze, and profits Tether earned from the frozen reserves, while Tether has yet to publicly respond and no court rulings have been made on the case.
BlackRock reported a strong third quarter with adjusted earnings of $15.93 per share, beating estimates by a wide margin and marking a 38% increase year-over-year. Revenue grew 19% to $7.75 billion, driven by $205 billion in net client inflows, inclu...
Home BancShares will release its Q3 2026 earnings report on October 14, with analysts expecting earnings per share of $0.64 and revenue around $293-$294 million, marking a 5.5% revenue increase and 4.9% EPS growth from last year. The bank's P/E ratio...
Hyperion Materials & Technologies has acquired The Ultra-Met Company, a tungsten carbide manufacturer based in Urbana, Ohio, to expand its capabilities in serving the US aerospace and defense sectors. Ultra-Met works closely with the US Department of...
Morgan Stanley reported Q3 earnings per share of $3.03, surpassing analyst estimates of $2.93 and $2.83 consensus. Revenue reached $20.34 billion, a 12% increase year-over-year and above the $19.93 billion estimate. Strong equity trading and record w...
Bank of New York Mellon is set to report its Q3 2026 earnings, with analysts expecting earnings per share of $2.27 and revenue of $5.55 billion. This represents an 18.3% increase in earnings and a 9.5% rise in revenue compared to the previous year, d...
