A consortium of 37 European banks announced plans to issue a euro stablecoin called Qivalis on the public Ethereum blockchain by the second half of 2026. Unlike previous bank tokens on closed networks, this stablecoin will be accessible in any Ethereum-compatible wallet, allowing broader public use. The token will be backed one-to-one by euros held in secure deposits, but it is not a bank deposit and thus not covered by deposit insurance. Users should verify issuer authorization, redemption rights, wallet compatibility, and be aware that transactions require ether for fees. The project is still pending regulatory approval from the Dutch central bank, making the launch date tentative. This move could make blockchain-based euro tokens more mainstream but requires careful attention to regulatory and technical details by investors.
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...
America's Car-Mart reported a 57.3% revenue decline to $145.8 million and a net loss of $69 million in Q1 fiscal 2027, driven by capital constraints that limited vehicle purchases and customer financing. Retail unit sales fell 81.9%, and vehicle inve...
J.Jill reported strong Q2 earnings, beating estimates with $1.24 EPS and $154.83M revenue, driven by sales growth and direct sales increase. Following this, BTIG raised its price target to $25, suggesting a 15.74% upside. The company also raised its ...
