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biztoc15d ago

Stablecoin Fragmentation Creates New Risks for Businesses

No single stablecoin can efficiently serve emerging markets, global trading desks, and U.S. institutions simultaneously. That acknowledgment underpinned the launch Tuesday (Jan. 27) of Tether’s dollar-backed USAT stablecoin, the crypto firm’s first foray into the now-regulated U.S....

#CRYPTO
EUR/USD hits five-year peak above 1.2080 as Trump dismisses Dollar
fxstreet15d ago

EUR/USD hits five-year peak above 1.2080 as Trump dismisses Dollar

EUR/USD skyrockets to a new five-year high of 1.2082 on Tuesday after US President Donald Trump expressed that he does not think the Dollar has fallen too much, triggering a sell-off of the Greenback, which is down so far over 1.31% in the day.

#ECONOMY
benzinga15d ago

KLARNA GROUP CLASS ACTION DEADLINE: Bragar Eagel & Squire, P.C. Reminds Stockholders that a Class Action Lawsuit Has Been Filed Against Klarna Group plc and Encourages Investors to Contact the Firm Before February 20th

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Klarna (KLAR) To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired Klarna's common stock IPO traceable to September 10, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648.Click here to participate in the action.NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- What's Happening:Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Klarna Group plc ("Klarna" or the "Company") (NYSE:KLAR) in the United States District Court for the Eastern District of New York on behalf of all persons and entities who purchased or otherwise acquired Klarna's common stock IPO traceable to September 10, 2025. Investors have until February 20, 2026 to apply to the Court to be appointed as lead plaintiff in ...Full story available on Benzinga.com

#STOCKS
S&P 500 hits record, Dow slumps on insurers sell-off
rthk_en15d ago

S&P 500 hits record, Dow slumps on insurers sell-off

The S&P 500 notched a record closing high and its fifth straight day of gains on Tuesday with a mixed reception to the latest earnings reports and a steep sell-off in health insurers countering optimism ahead of mega-cap reports.UnitedHealth led losses in healthcare stocks and the Dow took a massive tumble after the Trump administration proposed an increase in Medicare insurer payment rates. The plan was another woe added to the insurer's disappointing revenue forecast for 2026. Also sliding were insurance peers Humana and CVS.In more encouraging earnings news, bellwether United Parcel Service rallied after it projected higher revenue for 2026, also pulling up shares in rival FedEx. General Motors shares also rallied after it reported higher fourth-quarter core ‍profit.And with mega-cap earnings reports due to kick off this week, technology stocks extended Monday's gains, with Microsoft, Nvidia, Apple, ⁠Amazon and Broadcom providing some of the market's biggest boosts.With this, the Nasdaq touched its highest level since late October while the S&P 500 touched an intraday record high and neared the 7,000 milestone."There's a little bit of a bifurcated market today with the Dow down because of the announcements around Medicare premiums," Phil Blancato, chief market strategist at Osaic Wealth in New York. "When you look at everything else, the market seems to be hanging in there waiting for a big week of earnings."Also on Tuesday, US consumer confidence unexpectedly deteriorated in January, slumping to its lowest level since 2014, but Blancato noted that surprisingly, the "pretty terrible number" didn't have much of an impact on the stock market.The S&P 500 rose 0.4 percent, to 6,978, the Dow fell 0.8 percent, to 49,003, while the Nasdaq rose 0.9 percent, to 23,817. (Reuters)

#STOCKS
BofA Stays Positive on McCormick (MKC) Despite Weaker Q4 Results
insidermonkey15d ago

BofA Stays Positive on McCormick (MKC) Despite Weaker Q4 Results

McCormick & Company, Incorporated (NYSE:MKC) is included among the Best Low Risk Stocks for a Retirement Stock Portfolio. BofA lowered its price target on McCormick & Company, Incorporated (NYSE:MKC) to $80 from $89 on January 23. However, the firm kept a Buy rating in place. The analyst said the market reacted negatively to the earnings [...]

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