Xylem (NYSE:XYL – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 5.350-5.560 for the period, compared to the consensus earnings per share estimate of 5.540. The company issued revenue guidance of $9.1 billion-$9.2 billion, compared to the consensus revenue estimate [...]
Hasbro (NASDAQ:HAS – Get Free Report) released its earnings results on Tuesday. The company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.52, Briefing.com reports. Hasbro had a positive return on equity of 82.17% and a negative net margin of 12.81%.The company had revenue of $1.45 billion for the quarter, [...]
CTS (NYSE:CTS – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 2.300-2.450 for the period, compared to the consensus EPS estimate of 2.400. The company issued revenue guidance of $550.0 million-$580.0 million, compared to the consensus revenue estimate of $561.5 million. CTS Stock Down 0.2% CTS [...]
Combination of offshore drilling giants was revealed on Monday
High Court claim alleges Mahmud Kamani was aware of unsafe factory conditions. Investors are seeking £177m plus interest in compensation. Boohoo says it “strongly contests” the allegations.The co-founder of Boohoo was likely aware of “terrible, unsafe and unsanitary conditions” at Leicester factories supplying the retailer before the scandal erupted in 2020, the High Court has been told.Mahmud Kamani, who launched the fast-fashion group in 2006, probably knew workers were being underpaid and subjected to “arbitrary abuse and humiliation”, according to a lawsuit brought by investors.“It is not, the claimants say, credible that Mr Kamani was unaware of the conditions in which those factories were being operated,” the court filing states, as quoted in a news report.Boohoo denies that its board had such knowledge. The claimants argue those denials are “not convincing”, according to the legal documents.Share crash at the centre of the claimThe allegations form part of a wider £177m claim, plus interest, brought by investors who argue they suffered losses when Boohoo’s share price plunged in 2020.The company’s stock fell 42 per cent after media reports alleged that workers in Leicester factories supplying Boohoo were being paid significantly less than the minimum wage, with some reportedly earning as little as £3 an hour. Reports also described long hours, cramped conditions and poorly maintained buildings.The controversy wiped more than £1bn off the company’s market value on London’s Alternative Investment Market.Lawyers for the investors, from City firm Fox Williams, claim Mr Kamani had long-standing relationships with some of the Leicester suppliers. The court documents allege he attended social events with certain factory owners and visited some sites in person.They are also seeking access to communications between Mr Kamani and his sons, Umar and Samir, who held senior roles within the business as heads of major brands. The filing argues he was “highly likely to have discussed relevant matters with his sons”, reportedly stating those exchanges could contain important information.Family ties and supply chain questionsThe lawsuit further points to the Kamani family’s 37 per cent shareholding in Boohoo at the time and suggests the listed company retained “vestiges and traits of a family business”.It alleges that some Leicester suppliers had links to members of the wider Kamani family and that certain factories were introduced to Boohoo by Mr Kamani’s brother, Jalal, a former trading director.Labour rights activists had previously claimed that some factory staff were expected to work while ill with Covid-19 during Leicester’s strict lockdown restrictions, though those claims are not the subject of findings in this case.In response, lawyers for Boohoo, from Herbert Smith Freehills, said there was “no reasonable basis” to include members of the Kamani family other than Mahmud Kamani, noting that none of them held senior leadership positions at the retailer.Boohoo said it “strongly contests the allegations and will vigorously defend any claim”.Among the investors bringing the case is the California State Teachers’ Retirement System, or CalSTRS, which manages pensions worth more than £285bn ($390bn).The case is expected to test what senior executives knew, and when, as scrutiny over supply chains and corporate oversight continues.
Polymarket is pushing beyond elections and sports with a new category of contracts that let traders bet on social-media "mindshare," using Kaito AI data to settle outcomes.The companies call the product "Attention Markets," according to a Forbes report on Tuesday, and Polymarket says it plans to roll out dozens of these contracts starting in early March, expanding from AI topics into entertainment and world events.Instead of a binary outcome, these markets aim to price the share of attention a topic captures across platforms like X, TikTok, and YouTube.What Is Kaito AI?Kaito AI is a leading decentralized information engine designed for the crypto and Web3 ecosystem.While traditional search engines struggle to capture the fast-moving, fragmented conversations on social ...Full story available on Benzinga.com
The post Is XRP Price Ignoring Russia’s Crypto Bill? What Comes Next for XRP Price? appeared first on Coinpedia Fintech NewsThis week started with Russia dropping a regulatory bombshell, and the market barely blinked. The XRP price is still hovering around $1.42 24 hours after Russia’s news came to light, which introduced this bill to legalize XRP and crypto access for all investors. On paper, this opens the gates for roughly 146 million people. In ...
Founded in the UK in 2011, the company secured a MiCA (Markets in Crypto-Assets) license last year, enabling it to operate across the EEA.
BitcoinWorldGBP/JPY Plummets: UK Political Chaos Clashes with Japan’s Remarkable Post-Election CalmLONDON, UK – January 15, 2025: The GBP/JPY currency pair has experienced significant weakening this week, dropping to multi-month lows as unprecedented political instability in the United Kingdom starkly contrasts with Japan’s remarkable post-election economic calm. This divergence creates a powerful narrative in global forex markets, where political certainty increasingly drives currency valuations alongside traditional [...]This post GBP/JPY Plummets: UK Political Chaos Clashes with Japan’s Remarkable Post-Election Calm first appeared on BitcoinWorld.
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“The president has said multiple times that this is a case that he cares about,” Sebastien Lai said about Trump during a call with reporters.
The company said it completed negotiations to acquire around $1.87 billion worth of premium digital assets from Crypto Titan for about $1.1 billion.