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Latest Financial and Business News
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Cummins Inc. has unveiled significant technological advancements for its mining solutions portfolio, aiming to boost productivity, reduce ownership costs, and improve lifecycle value while lowering emissions. Key developments include updates to the QSK60 high-horsepower mining engine, new capabilities for the PrevenTech remote monitoring platform, and the acceleration of hybrid-electric haulage solutions. The company also announced a new clean-sheet engine platform currently undergoing field testing, targeting 90-120 ton haul trucks and 150-220 ton excavators.
Playtika Holding Corp. reported Q2 2026 revenue of $731.1 million, a 5.0% year-on-year increase, driven by a 63.1% surge in direct-to-consumer (DTC) sales to $286.9 million. The company's adjusted EBITDA rose by 23.4% to $206.1 million, with margins expanding to 28.2%, partly due to reduced marketing spend. Playtika reaffirmed its full-year 2026 guidance, expecting results at the lower end of its revenue and adjusted EBITDA ranges due to cautious consumer spending outlook and planned marketing investment reductions.
OceanPal, a company spun off from Diana Shipping, has sold its remaining vessels to Sezali Inc, an affiliate of Greek shipowner Semiramis Paliou, marking its complete exit from the shipping business. This transaction finalizes OceanPal's pivot towards becoming a digital asset and artificial intelligence company, a transformation that began in late 2025. The company's new focus involves managing a treasury concentrated in NEAR cryptocurrency and developing AI infrastructure.
RTX Corporation reached a significant milestone with its Raytheon business completing the installation of the first SPY-6(V)4 radar array, marking the start of a major naval modernization effort. This development, along with strong Q2 financial results and a record backlog of $289 billion, positions RTX with a premium valuation compared to Lockheed Martin, despite the revenue contribution from the SPY-6(V)4 program being delayed until mid-2028. The company's future performance hinges on the timely execution of the Navy's testing and backfit schedule.
Seneca Foods Corporation announced strong financial results for the three months ended June 27, 2026, with net sales increasing to $405.2 million from $297.5 million in the prior year. This growth was attributed to higher sales volume, increased selling prices, and the acquisition of Green Giant Frozen. Despite a slight dip in gross margin percentage, the company's President and CEO, Paul Palmby, highlighted a successful start to fiscal 2027 and a good fresh pack season.
Ross Dress for Less is opening its fifth store in Stockton, located at the Quail Lakes Shopping Center. This new store will occupy the former Good Deals furniture store space, bringing the total number of Ross locations in San Joaquin County to eight. The company previously opened its fourth Stockton store in October 2025 at Pacific Town Center.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| XHLD | 2.8100 | 2.0130 | 252.5721% |
| WYHG | 9.8300 | 6.4894 | 194.2585% |
| CLRO | 9.8000 | 6.1200 | 166.3043% |
| ENGNW | 0.5038 | 0.1899 | 60.4970% |
| AMEM | 53.0000 | 28.4800 | 116.1501% |
| Symbol | Price | Change | %Change |
|---|---|---|---|
| YXT | 7.9500 | -15.4800 | -66.0691% |
| RCKTW | 0.0029 | 0.0002 | 7.4074% |
| BIVIW | 0.1400 | -0.3060 | -68.6099% |
| BKSY | 27.7900 | 2.6100 | 10.3654% |
| TDUP | 3.1100 | -3.1700 | -50.4777% |
| Symbol | Price | Change | %Change |
|---|---|---|---|
| ENSC | 0.5243 | 0.1623 | 44.8343% |
| SURG | 0.325 | 0.1016 | 45.479% |
| CELZ | 1.1500 | 0.4812 | 71.9498% |
| SPCX | 114.9200 | 6.6500 | 6.1421% |
| GAUZ | 0.4250 | 0.1743 | 69.5253% |
Latest News
Oyster Enterprises II Acquisition Corp (OYSEU) has released its Q2 2026 10-Q report, detailing its financial position as a Special Purpose Acquisition Company (SPAC). Key highlights include 25.3 million Class A shares subject to redemption at $10.43 each, a shareholders' deficit of over $8.2 million, and a net income of $2.2 million for the quarter. The company faces a Nasdaq deadline of May 23, 2028, to complete a business combination, with significant deferred underwriting fees and potential dilution risks for investors.
Wilsonville-based ESS Tech Inc. (NYSE: GWH), a public company that went public in October 2021, has signed a nonbinding letter of intent for a proposed business combination. The company plans to merge with a private company operating in the energy sector. This move comes as ESS Tech Inc. has faced struggles and previous delisting threats.
McKesson Medical-Surgical, a major healthcare employer based in Richmond, is rebranding as Wellverse as it prepares to become an independent company. The split from McKesson Corporation is expected to culminate in an IPO in the second half of 2027, with the name change taking effect in January 2027. The company will continue its core business of distributing medical products and services, aiming to simplify operations for healthcare providers.
Johnson Fistel, PLLP is investigating Aether Holdings, Inc. (NASDAQ: ATHR) after a short report by BMF Reports alleged the company was built on "fake filings, insider enrichment, and outright deception." The investigation aims to determine if Aether Holdings complied with federal securities laws following allegations of lock-up violations, undisclosed insider dealings, and questionable acquisition practices. Investors who suffered losses or are long-term holders are encouraged to contact the firm.
Arteris, Inc. (Nasdaq: AIP) has announced the appointment of Saurabh Sinha as its new Chief Financial Officer, effective September 8, 2026. Sinha succeeds Nick Hawkins, who is retiring after seven years with the company and will assist with the transition. The company's President and CEO, K. Charles Janac, highlighted Sinha's extensive financial leadership experience in technology companies and expressed confidence in his ability to help Arteris scale and execute its long-term strategy in the AI and semiconductor innovation market.
McKesson Medical-Surgical, currently headquartered in Henrico, plans to rebrand as Wellverse and maintain its local headquarters after spinning off from its parent company, Texas-based McKesson Corp. The medical supplies distributor, which employs about 1,000 people in the Richmond area, aims to become an independent, publicly traded company with an initial public offering estimated for the second half of 2027. The new name, Wellverse, is intended to better reflect the breadth of products and services the company offers.
Social Commerce Partners Corporation (SCPQ) has released its Q2 2026 Form 10-Q, detailing its financial position as a special purpose acquisition company (SPAC). Key financial highlights include total assets of $102.44 million, net income of $1.33 million for the six months ended June 30, 2026, and an accumulated deficit of $3.03 million. The company emphasizes its status as a shell company primarily focused on completing an initial business combination, with its financial results largely driven by interest income from trust assets.
The T-Rex 2x Long MSTR Daily Target ETF (MSTU) has lost 97.45% of its value since August 4, 2025, significantly underperforming its underlying asset, Strategy (MSTR), which fell 74.91% in the same period. This severe loss is attributed to volatility decay, a mechanism inherent in leveraged funds with daily resets, particularly exacerbated by MSTR's high volatility. Despite being designed for short-term trading, long-term holding of MSTU leads to substantial capital erosion due to compounding effects, even if the underlying asset eventually recovers.
Resolute Holdings Management, Inc. (NYSE: RHLD) has filed its Q2 2026 Form 10-Q, highlighting key financial data including a cash position of $117.0 million and current assets of $818.1 million. The report also details significant risk factors such as competitive environment, reliance on GPGI Holdings, and regulatory challenges related to its focus on crypto assets. Investors are advised to monitor liquidity trends, management agreements, and the company's transition to a stand-alone public entity.
Johnson Fistel, PLLP is investigating Datavault AI Inc. (NASDAQ: DVLT) following a Wolfpack Research report published on October 31, 2025. The report alleged that Datavault was a "stock promotion" using misleading press releases and "empty claims" about AI, quantum computing, and Web 3.0, with virtually no trading activity on its blockchain marketplace. The investigation also raises concerns about Datavault's leadership and alleged connections to a convicted felon, leading to a decline in the company's stock price.
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