SoFi Technologies, Inc (NASDAQ:SOFI) on Thursday launched SoFiUSD, a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A. It enabled the company to act as a stablecoin infrastructure provider for banks, fintechs, and enterprise platforms. Partners can leverage SoFi's…
Lululemon Athletica Inc. (NASDAQ:LULU) shares are trading higher on Thursday after Elliott Investment Management reportedly took a $1 billion+ stake in the company and is pushing for a new CEO to steer the retailer through recent challenges. Elliott would now be…
Cintas Corporation (NASDAQ:CTAS) stock rose Thursday after the company beat profit estimates, posted solid sales growth, and raised its full-year forecast. The company reported second-quarter earnings per share of $1.21, beating the analyst consensus estimate of $1.20. Quarterly sales of…
FactSet Research Systems Inc. (NYSE:FDS) reported first-quarter sales of $607.6 million, surpassing analyst expectations of $600.5 million and representing a 6.9% year-over-year (Y/Y) gain. The company reported quarterly adjusted earnings per share of $4.51, exceeding the street view of $4.37. Key Metrics Organic revenues grew 6.0% Y/Y to $600.0 million during the quarter. Also Read: Top Wall Street Forecasters…
Wall Street surged Thursday morning after a cooler-than-expected inflation report reinforced confidence that price pressures are easing and the Federal Reserve's policy path remains intact. The Consumer Price Index rose 2.7% year-over-year in November, down from September's 3% pace and…
Wall Street spent 2025 chasing AI narratives. JPMorgan thinks 2026 will reward something far more practical: cybersecurity. While generative AI wrestles with monetization, security budgets remain locked in, positioning Palo Alto Networks Inc (NASDAQ:PANW) and Zscaler Inc (NASDAQ:ZS) as standout…
AbbVie Inc. (NYSE:ABBV) and several other drugmakers are reportedly expected to announce agreements with the U.S. government on Friday to cut select prescription drug prices and comply with additional policy demands from President Donald Trump. Reuters on Tuesday highlighted that…
Darden Restaurants, Inc. (NYSE:DRI) stock rose Thursday after the company posted solid second-quarter sales growth and reaffirmed full-year earnings guidance. The company reported second-quarter adjusted earnings per share of $2.08, missing the analyst consensus estimate of $2.10. Metrics Quarterly sales…
Activist investor Irenic Capital Management has reportedly taken a more than 3% stake in Integer Holdings Corporation (NYSE:ITGR). It is pressing the medical-device outsourcing company to refresh its board and evaluate strategic alternatives, including a potential sale. Irenic, now among…
Editor’s Note: This article has been updated to provide additional details. U.S. inflation cooled more than expected in November, giving investors renewed confidence that price pressures are easing and strengthening expectations that the Federal Reserve's easing cycle can stay on…