Antofagasta PLC reported an 18% revenue increase to $4.48 billion and a 27% rise in EBITDA to $2.84 billion for the first half of 2026, driven by higher copper prices and disciplined cost management despite a 9% drop in copper production. The company declared an interim dividend up 81% to 30.1 US cents per share and maintained a strong balance sheet with net debt to EBITDA at 0.68 times. Major expansion projects at Centinela and Los Pelambres are progressing towards commissioning in 2027, expected to boost copper output by around 30%. The focus for the rest of 2026 will be on ramping up production and achieving $110 million in cost savings.
The consumer discretionary sector is showing significant weakness, with 21.3% of its stocks trading at 52-week lows and none at 52-week highs, marking a new 52-week low net reading of -21.3%. In contrast, the energy sector is performing strongly, wit...
Adobe's Q3 results revealed a 150% year-over-year surge in AI-first revenue and an 11.2% increase in total annual recurring revenue, indicating strong business momentum. The company also saw a 70% rise in freemium monthly active users to 100 million,...
XRP has risen about 30% over the past month, trading between $1.35 and $1.38 with a market cap near $85 billion. This surge is driven by 11 consecutive days of positive inflows into U.S. spot XRP ETFs, totaling $1.68 billion, and the conclusion of Ri...
JoyIn, a Chinese humanoid robotics startup backed by Ant, publicly accused OpenAI of copying key technical concepts and website design from its AI model, Aether. JoyIn's CEO Guo Renjie highlighted similarities in approaches like recursive self-improv...
Bitcoin's recent price bottom may have been accumulated gradually by a single whale or a small group of large buyers, according to analyst Willy Woo. This is based on an unprecedented anomaly in Bitcoin's HODL Wave data, which tracks how long coins r...
