Latest Market News

Apr 13
Ripple claims ‘a very big win’ in SEC case

Ripple Labs was able to gain a victory against the SEC in its ongoing securities fraud case. The judge on the case denied the SEC’s motion to review certain documents that may not be material to the prosecution. 15009 Total views 77 Total shares Ripple Labs has struck a blow against the Securities and Exchange […]

Apr 13
NanoString stock plunges after revenue warning, but analyst says selloff appears ‘way overdone’

Shares of NanoString Technologies Inc. ntsg plunged 32.8% toward a two-year low in morning trading Wednesday, enough to make them the biggest losers trading on major U.S. exchanges, after the provider of life science discovery tools warned about a revenue miss, citing execution missteps. The company said late Tuesday that it now expects first-quarter product […]

Apr 13
Facebook whistleblower warns Metaverse will repeat ‘all the harms’

Facebook whistleblower Frances Haugen has taken aim at Meta in a new interview, suggesting that its version of the Metaverse will simply repeat all of its past mistakes. In an interview with Politico, Haugen said: “They’ve made very grandiose promises about how there’s safety-by-design in the Metaverse. But if they don’t commit to transparency and […]

Apr 13
White House blasts Texas governor’s inspections of trucks at border, notes ‘significant disruptions’

The White House on Wednesday criticized Texas Gov. Greg Abbott’s decision to put in place extra inspections by state troopers of commercial trucks coming from Mexico. “Governor Abbott’s unnecessary and redundant inspections of trucks transiting ports of entry between Texas and Mexico are causing significant disruptions to the food and automobile supply chains, delaying manufacturing, […]

Apr 13
North Korea-obsessed Ethereum dev gets 5 years for breaking sanctions

Virgil Griffith, a former Ethereum developer, has been sentenced to 63 months in prison and will pay a fine of $100,000 for attending a conference and assisting North Korea to use blockchain technology in contravention of economic sanctions imposed by the United States. On Tuesday, U.S. District Judge Kevin Castel of the Southern District of New […]

Apr 13
Calvin Klein parent PVH sets $12.5 billion revenue goal, adds $1 billion to share buyback program

PVH Corp. PVH, +2.13% unveiled its multi-year strategy called the PVH+ Plan on Wednesday, ahead of the company’s investor day. The plan includes growth in digital, direct-to-consumer and the company’s two key brands, Calvin Klein and Tommy Hilfiger. PVH has set 2025 revenue target of $12.5 billion with free cash flow of over $1 billion, […]