Custom Truck One Source (CTOS) reported a strong Q2 2026 with revenue up 10.2% and adjusted EBITDA rising 25% year-over-year, driven by robust demand in AI and infrastructure power grid buildout. The rental equipment segment, which contributes 76% of EBITDA, benefits from high operating leverage and pricing power, supporting a competitive moat. Despite a leverage ratio of 3.9x, improving cash flow and a discounted valuation at 10.3x EV/EBITDA make CTOS a compelling buy, especially after recent profit-taking. The company also raised its full-year EBITDA guidance, signaling confidence in continued growth.
Alphabet is predicted to announce that its Google Cloud division will achieve revenue growth exceeding 100% in its upcoming report on October 28. This significant growth highlights the expanding importance of cloud services in Alphabet's business str...
Chery Auto is showcasing its purpose-built Level 4 (L4) self-driving Robotaxi at its 2026 Global User Summit in Wuhu, China, and signing a strategic cooperation agreement with UAE-based company K2. The Robotaxi, designed from the ground up for autono...
Richard James Schueler, known as Richard Heart and founder of Hex and PulseChain, was arrested in Istanbul on October 14, 2026, for alleged cryptocurrency fraud totaling around $1 billion involving the US and Finland. The operation, led by Turkish au...
U.S. spot Bitcoin ETFs experienced net outflows totaling about $910 million over two weeks, turning October's net inflows of $293 million into roughly $615 million in net outflows. This reversal follows a significant $729 million withdrawal earlier i...
Databricks is expanding its office space at 5 Bryant Park in New York City to 120,000 square feet across five floors, aiming to grow its engineering and research teams. The company views Manhattan as a key hub for developing world-class AI, especiall...
