Crypto ( CRCW ) infrastructure company Bakkt ( BKKT/WS ) is pushing deeper into the stablecoin payments market by agreeing to acquire Distributed Technologies Research (DTR), a global provider of blockchain-based payment infrastructure. The move is part of Bakkt’s broader strategy to support stablecoin settlement and programmable payments, the company said on Monday. To complete the deal, Bakkt ( BKKT/WS...

Abercrombie & Fitch Co. ( ANF ) announced on Monday that it has tightened its fiscal 2025 outlook, narrowing its annual sales growth forecast, despite reporting record quarter-to-date net sales through December. The retailer now expects full-year net sales growth of at least 6%, down from its prior forecast of 6%–7%, a more cautious stance that sent the stock sharply...

01:17 PM EST, 01/12/2026 (MT Newswires) -- Consumer stocks advanced Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.4%. In corporate news, Shake Shack ( SHAK ) on Monday reported preliminary fiscal Q4 sales below market expectations amid unfavorable weather conditions,...

Jan 12 (Reuters) - Meta will ‌establish ​Meta Compute to ‍construct ⁠tens ⁠of ‌gigawatts ​of computing infrastructure ⁠this ‍decade ​and hundreds of ‍gigawatts more in ​the future, ‍CEO Mark ​Zuckerberg said on Monday. (Reporting ​by Jaspreet Singh ‍in Bengaluru) ...