Company Description
Lands End Inc is a United States-based multi-channel retailer of casual clothing, accessories, and footwear, as well as home products. The company operates through six segments: US eCommerce segment which generates maximum revenue to the company; Outfitters, Europe eCommerce, Japan eCommerce, Third Party, and Retail segment. The company offers merchandise through multiple channels, such as catalogs, online platforms, and retail locations, which includes Lands End shops at Sears, standalone Lands End Inlet stores, and international shop-in-shops located in department stores. The company has a business presence in the United States, Europe, Asia, and other areas.
Crypto Stocks Hold Their Ground As Analysts Say Bitcoin May Reach New Lows
JPMorgan Chase & Co. (NYSE:JPM), suggest that
Bitcoin (CRYPTO: BTC) is headed lower.
What Happened: According to JPMorgan s note written by analyst Nikolaos Panigirtzoglou, a medium-term fair value for Bitcoin now stands between $24,000 and $36,000, and weekend institutional demand is likely to bring its value below $30,000.
“The fair value for Bitcoin based on a volatility ratio of Bitcoin to gold of around x4 would be 1/4th of $145k or $36k. The fair value for Bitcoin based on the current volatility ratio of Bitcoin to gold of around x6 would be 1/6th of $145k or $24k. We thus see a fair value range of $24k to $36k over the medium term, Panigirtzoglou write in the note.
[co-author: Jonathan McKay - Articling Student]
In a 7-1 ruling
in
BP PLC et al v Mayor and City Council of Baltimore (19-1189), the Supreme Court of the United States ruled that the Fourth Circuit Court of Appeals did not fully analyze whether a climate change tort lawsuit seeking damages against several energy companies operating in the United States should be heard in federal court, instead of in state court.
The decision is a welcome reprieve for energy companies facing potential litigation across a multitude of jurisdictions in the United States, as it could potentially result in climate change claims falling under the jurisdiction of federal courts instead of state courts, and under federal law rather than state law.