The company failed to beat earnings expectations. At the same time, the company lowered expectations for the coming year - EPS and operating profit may decline by 1%.
The reason: rising inflation, higher delivery costs and rising hourly wages. As the company's CFO notes, consumers in the U.S. are turning away from expensive products to cheaper and lower quality products.
In a surprising political twist, former President Donald Trump has appointed Elon Musk and entrepreneur Vivek Ramaswamy to lead the newly created Department of Government Efficiency (DOGE). This bold move has captivated the public and economic observers alike, as it aims to streamline the federal budget and modernize governmental processes.
The launch of the AUSD stablecoin by Agora has marked a significant milestone for the Mantle Network blockchain. This development introduces an asset that promises to enhance the network’s ecosystem with unmatched financial stability and security. The team behind Mantle Network highlighted that the integration of AUSD brings to
Experts at 21Shares recently shared an insightful analysis, comparing Ethereum’s growth potential to that of Amazon. According to a recent report, the current lackluster demand for spot Ethereum ETFs stems largely from a general misunderstanding among investors about the blockchain’s transformative possibilities. However, as revolutionary developments unfold within
The FTX estate has recently intensified its efforts to recover significant funds as it navigates its bankruptcy process, initiating a lawsuit against KuCoin, a major crypto exchange, to reclaim assets locked since the platform's collapse. Through Alameda Research, a subsidiary of FTX, the estate is taking this legal