The U.S. Department of Justice has seized 127,271 bitcoins valued at about $15 billion in a landmark forfeiture case linked to global crypto scams, fraud, and organized crime. The case targets Cambodian national Chen Zhi and his conglomerate, Prince Holding Group, accused of wire fraud and money laundering. This action is part of broader FBI and DOJ efforts, including Operation Blackout, to dismantle scam compounds across Asia and beyond, involving cooperation with tech firms like Starlink. The crackdown aims to protect victims and disrupt transnational criminal networks exploiting cryptocurrency fraud.
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...
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 ...
UiPath reported strong fiscal Q2 results with $410.26 million revenue and 12% ARR growth, beating estimates. However, analyst caution arises from its high valuation, modest growth compared to AI-focused peers, and recent insider selling by CEO and ex...
DynaResource's Mexican subsidiary, DynaMéxico, received approximately $4 million in cash from Mexico's tax authority as a refund for approved value-added tax (VAT) credits from early 2025. This payment marks the first VAT refund since 2023 and is par...
Lululemon's stock fell 20% to $97.85 after the company cut its full-year earnings guidance for the second time in 2026, citing weaker demand and a slow start to Q3. The athletic apparel retailer reported a 10% drop in Q2 comparable sales, with leggin...
