Tether has invested $20 million in Mercado Bitcoin, a major regulated digital asset platform in Latin America, to expand its presence in high-growth markets. This move comes as USDT faces increasing regulatory restrictions in Europe under the new MiCA framework, leading some platforms to limit or remove USDT support. Mercado Bitcoin serves 4.5 million users with regulated financial services including trading, tokenized assets, and payments, holding multiple licenses in Brazil and Europe. Tether's investment aims to boost Mercado Bitcoin's infrastructure and international operations, reflecting a broader strategy to support blockchain-based financial services outside Europe.
Scotiabank has lowered its price target for Comcast from $29.00 to $27.50 as the stock faces significant challenges, including a 12-year low trading price and increased competition from services like Starlink. Comcast's share price has dropped 58% si...
UBS has maintained its Buy rating on PepsiCo but lowered the price target from $159 to $145 following a nearly 8% drop in PepsiCo's stock over the past month. Investors are awaiting the company's Q3 earnings report on October 8, with analysts expecti...
UBS has maintained a Neutral rating on Nike stock following the company's fiscal first-quarter revenue falling short of estimates and its announcement of layoffs. Nike's shares dropped over 7% amid weak earnings guidance and expectations of further s...
Acuity Inc. reported strong fiscal Q4 earnings with adjusted EPS of $5.77, beating analyst estimates despite net sales of $1.244 billion falling just short of consensus. Operating profit rose 25.7% to $227 million, and operating margin expanded to 18...
Analysts from Robert W. Baird and Bank of America have lowered their price targets for Fair Isaac (FICO) due to changes in mortgage rules by Fannie Mae and Freddie Mac. These changes favor alternative credit scoring models like VantageScore, potentia...
