World Liberty Financial has launched its $4.05 billion USD1 stablecoin directly on the Canton Network, enabling institutions to use a dollar-based settlement asset for tokenized securities and real-world assets with privacy and permission controls. This native issuance allows simultaneous settlement of cash and tokenized assets, reducing transaction risk and supporting uses like collateral, lending, issuance, redemptions, and cross-border payments. The stablecoin is fully backed by reserves and ranks as the sixth-largest dollar-pegged stablecoin. World Liberty awaits final U.S. OCC approval for its trust bank, which would take over stablecoin issuance and provide regulated custody and conversion services.
Kohl's reported a strong adjusted EPS of $1.28 for Q2, more than doubling analyst expectations due to a 43% gross margin boosted by one-time tariff refunds. However, the retailer's total revenue and comparable sales fell by 0.9%, marking the 18th con...
Royal Bank of Canada reported strong Q3 2026 results, surpassing earnings per share estimates with $3.07 versus $2.89 expected, marking a 6.23% positive surprise and continuing a streak of four quarters beating expectations. Revenue also exceeded for...
Evercore ISI increased its price target for Williams-Sonoma to $245 following a strong Q2 performance, with revenue up 6.7% to $1.96 billion and comparable sales rising 6.2%, beating expectations. The gross margin improved to 51.6%, partly due to one...
RBC Capital reaffirmed its 'Sector Perform' (hold) rating on FactSet, increasing the price target from $240 to $304 as of August 27, 2026. Despite this optimistic price target adjustment, the broader market remains cautious, with an average 'Reduce' ...
Burlington Stores reported an EPS of $2.96, significantly beating analyst estimates of $2.19, driven by strong profitability improvements and an 11% growth in total sales. Comparable store sales rose 2%, continuing positive momentum from the prior ye...
