Dollar-backed stablecoins USD Coin (USDC) and Tether (USDT) have become the leading payment methods for crypto cards, making up about 84% of total card spending as of mid-2026. This marks a significant shift from early 2024 when euro-backed stablecoins like EURe controlled most crypto card transactions. The growth in crypto card spending is rapid, with monthly volumes rising from under $1 million in late 2023 to $759 million in July 2026. The shift reflects increasing adoption of digital dollars in crypto payments, supported by expanding card programs and blockchain settlement options, although crypto card payments still represent a small fraction of the global payments market.
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...
