Uni-channel retailer Lands\' End, Inc. (LE) reported Wednesday that net loss for the fourth quarter widened to $8.62 million or $0.27 per share from $3.30 million or $0.10 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.25 per share, compared to adjusted net loss was $0.04 per share in...
Eurozone economic sentiment rose to a three-month high in March driven by the improvement across all sectors except construction, survey data from the European Commission revealed on Wednesday. The economic sentiment index climbed to 96.3 in March, as expected, from 95.5 in the previous month. The industrial confidence index rose to -8.8 from -9.4 in...
Germany\'s leading five economic think tanks significantly lowered the biggest euro area economy\'s growth forecast for this year on Wednesday, citing cyclical and structural weakness amid sluggish economic activity. The German economy is now projected to grow just 0.1 percent this year, the institutes said in their spring report, which was much less than the...
The U.S. dollar extended recent weakness during the Asian and European sessions on Tuesday, but recovered slowly and managed to score gains against most of its major counterparts by the end of the day. The dollar slipped earlier in the day with investors turning cautious, looking ahead to some key U.S. economic data, including the...
After an early drop and a subsequent recovery that resulted in a positive spell till the penultimate hour, the Canadian market retreated in the closing minutes of the session on Tuesday. Amid a lack of fresh triggers, investors once again stayed reluctant to make significant moves. The benchmark S&P/TSX Composite Index ended with a loss...
Sam Bankman-Fried’s legal team has submitted several last-minute letters of support for the disgraced FTX founder in hopes of leniency at his March 28 sentencing, court documents filed Wednesday reveal. Supportive Pleas Surface as Sam Bankman-Fried Awaits Sentence Spanning from Sam Bankman-Fried’s friends from MIT to parents with children with Autism Spectrum Disorder (ASD), the...
Australia will on Wednesday see February results for the leading economic index from the Melbourne Institute, highlighting a light day for Asia-Pacific economic activity. In January, the index slipped 0.1 percent on month. New Zealand will see March results for the business confidence index from ANZ Bank and the business activity index from NBNZ; in...
Laser Digital – the crypto-focused subsidiary of Japanese asset manager Nomura – has launched an institutionally focused liquid staking fund on Polygon in collaboration with TruFin. The fund, titled the Laser Digital Polygon Adoption Fund, will provide institutional clients with exposure to Polygon’s native gas token, MATIC, while also tapping into native staking rewards. Liquid...
The South Korea stock market on Tuesday ended the two-day slide in which it had slipped more than 15 points or 0.4 percent. The KOSPI now rests just beneath the 2,760-point plateau although it may tick lower again on Wednesday. The global forecast for the Asian markets is mixed to lower, with technology and oil...
Crypto miner Bitdeer is in discussions with private credit firms to secure $100m in financing to expand its Bitcoin mining capacity. Bloomberg reported Wednesday that talks are still ongoing, with details yet to be finalized. Bitdeer is among the largest bitcoin miners globally. It went public on Nasdaq in April last year through a special...