Arxis reported a 25% revenue increase to $501 million in Q2 2026, driven by strong demand in defense, aerospace, and industrial markets, alongside 21% organic growth. The net loss narrowed significantly to $5 million from $29 million a year earlier, while adjusted EBITDA rose 38% to $211 million with margin expansion to 42.2%. The company completed acquisitions of MagCanica and Blue Line Engineering, with Omnetics acquisition pending, enhancing its portfolio and capabilities. Arxis raised its full-year 2026 guidance, expecting revenue of $1.96-$1.98 billion and adjusted EBITDA of $790-$800 million, reflecting confidence in continued growth and operational leverage.
Bitcoin surged above $81,700 and Ethereum topped $2,600 following the Federal Reserve's unanimous 25 basis point rate hike, the first since 2023, signaling an end to the rate cut/pause cycle. The rally was further fueled by fresh regulatory moves: th...
On September 19, a hacker exploited vulnerabilities to drain about 8.7 million FET tokens worth $1.53 million from Fetch.ai and illicitly minted roughly 408.5 million NTX tokens valued at $462,730 through NuNet. The total affected assets amount to ap...
On September 18, 2026, U.S. spot Bitcoin ETFs recorded net inflows of $433.03 million, marking the second consecutive day of positive flows. Fidelity's Wise Origin Bitcoin Fund (FBTC) led with $310.72 million in net inflows, followed by BlackRock's i...
Google and Meta have launched competing AI agents, with Google's CC targeting family productivity and Meta's Muse focusing on personal digital autonomy. For retirement investors, Google's stock is more attractive due to its lower valuation multiples,...
The Federal Reserve increased its benchmark interest rate by 25 basis points to 3.75%-4.00%, marking the first hike in three years and signaling potential further increases before year-end. U.S. stock markets showed mixed results with the Dow down 1....
