BRP Inc. reported a revenue increase of 18.5% to $2.24 billion for Q2 2026, driven by higher off-road vehicle (ORV) shipments and favorable product mix, but posted a net loss of $136.8 million due to tariffs and supplier restructuring costs. Despite the loss, the company raised its full-year normalized diluted earnings per share guidance to $4.00-$4.50, reflecting confidence in continued ORV market share gains and retail momentum. BRP also announced new product launches and a financial leadership transition, aiming to strengthen its position as North America's leading off-road brand. The company expects Q3 EPS to decline due to increased tariffs but remains focused on long-term growth.
The IMF announced that El Salvador's Bitcoin accumulation since June 27, 2025, originated from private donations rather than public resources, addressing concerns about government Bitcoin purchases. This clarification came as part of a staff-level ag...
Rayonier Inc. has been rated a Buy following its merger with PotlatchDeltic, which nearly doubled its share count and expanded its timberland and manufacturing assets. The company now offers a 5% dividend yield and improved cash flow, though it faces...
Global government bond yields surged this week as investors grapple with rising government borrowing, energy price pressures, and persistent inflation uncertainty. The shift away from globalization toward protectionism and geopolitical tensions is se...
Bitcoin surged over 25% in August, marking its strongest monthly gain since November 2024, driven by increased market volatility and resilience despite regulatory and security challenges. Fidelity warns this rally may be a temporary bounce within an ...
Shein's shares have fallen 17.5% since its Hong Kong debut amid concerns over its ability to sustain growth. The company, known for low-priced fast fashion, faces rising tariffs and regulatory changes in the U.S. and Europe that erode its cost advant...
