ContextLogic Holdings Inc. reported first-quarter 2026 financial results with combined non-GAAP revenue steady at $32.4 million, similar to Q1 2025. Despite a 7% decline in shipped volumes due to operational disruptions, an 8% rise in average selling price offset this. Net income surged to $17 million, boosted by a $41.9 million tax benefit from the US Salt acquisition completed in February 2026. Adjusted EBITDA slightly declined to $11.6 million, impacted by corporate costs and transaction expenses. The company emphasizes its focus on acquiring niche, long-duration businesses and plans to pursue further quality acquisitions.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Ethereum (ETH) has outperformed Bitcoin (BTC) in Q3, driven by a rally sparked by a softer CPI report and strong on-chain metrics. The recent surge pushed ETH above $1,900, triggering significant liquidations in futures positions. However, ETH now fa...
Solana's number of wallets holding tokenized real-world assets (RWAs) has exceeded 300,000, surpassing Ethereum's roughly 200,000 holders. While Solana's RWA value doubled in 2026 to $3.45 billion, Ethereum still leads with $16.3 billion in tokenized...
Baidu's board has approved a plan to convert to a dual-primary listing on the Hong Kong Stock Exchange's Main Board, alongside its existing Nasdaq listing. This move aims to enhance the liquidity of Baidu's shares, broaden its investor base, and prov...
