The US Treasury Department sanctioned Xinbi Guarantee, a Chinese-language scam marketplace that processed over $24 billion since 2022, accusing it of transnational criminal activity. Xinbi took over customers from the shut-down Huione Pay and moved to avoid law enforcement by shifting to encrypted messaging and a new wallet. Authorities froze $52.8 million in Tether wallets linked to Xinbi and seized infrastructure and digital wallets. Xinbi responded by condemning Tether's freezes and switching to USDD, a stablecoin without freeze controls. This crackdown highlights ongoing efforts to disrupt Southeast Asia-based crypto scams targeting US victims.
American Eagle Outfitters reported strong Q2 results with earnings per share of $0.79, far exceeding the $0.22 estimate, and revenue of $1.38 billion, slightly above expectations. The growth was driven by a 25% revenue increase from its Aerie and OFF...
AeroVironment reported a strong quarterly earnings per share (EPS) of $0.59, well above analyst expectations of $0.22, showing solid profitability. However, its revenue of $329.06 million fell short of the estimated $451.95 million, reflecting mixed ...
Caleres reported a strong Q3 2026 earnings per share (EPS) of $0.47, surpassing analyst expectations by 27%, signaling improved profitability. However, its revenue of $695.45 million slightly missed estimates despite a 5.6% year-over-year increase, d...
Macy's will report its Q2 fiscal 2026 earnings on September 10, with analysts expecting adjusted EPS of $0.37 and net sales of $4.81 billion, both above company guidance. The retailer's turnaround strategy focuses on strengthening its core stores, gr...
Wells Fargo lowered its price target for Casey's General Stores to $750 from $960 after the company reported a 3.2% same-store sales growth in Q1, missing analyst expectations. Despite the sales miss, Casey's posted revenue of $5.68 billion and EPS o...
