Standard Chartered has introduced institutional spot trading for Bitcoin (BTC/USD) and Ether (ETH/USD) in the UAE through its Dubai International Financial Centre entity, becoming the first global systemically important bank (G-SIB) to offer this service in the region. Eligible institutional clients can trade deliverable digital assets via the bank's existing electronic trading platforms, using familiar foreign exchange interfaces. This move builds on the bank's earlier digital asset custody services launched in the UAE and its UK-based spot trading service, expanding its regulated crypto offerings in the Middle East. The service is regulated by the Dubai Financial Services Authority and reflects growing institutional interest in regulated cryptocurrency markets.
Telsey Advisory lowered G-III Apparel Group's price target from $38 to $32, reflecting mixed financial results and challenges integrating the Marc Jacobs brand. The company's net sales dropped from $613.3 million to $554.1 million, but GAAP net incom...
The Toro Company reported strong third-quarter results, surpassing analyst expectations with earnings of $1.33 per share and revenues of $1.23 billion. This marks a year-over-year increase in earnings, reflecting improved profitability driven by stro...
Lands' End reported Q2 fiscal results with revenue rising 2.7% to $302 million, beating analyst expectations, while adjusted EPS missed slightly at $0.09 versus $0.10 forecast. The company improved profitability from a year ago, turning an adjusted l...
Planet Labs is set to report its Q2 earnings, with analysts expecting a loss of $0.02 per share, a 33.3% improvement from last year. Revenue is estimated at $104.12 million. Despite a significant stock decline, trading 27% below its 200-day average, ...
CVS Health reported a 7.3% revenue increase in Q2 to $106.1 billion and raised its full-year revenue forecast to at least $414 billion, alongside improved earnings per share guidance. Despite UBS lowering its price target to $118, analysts like Jeffe...
