Fortrea Holdings reported Q1 2026 revenue of $636.5 million with a book-to-bill ratio of 1.15x, marking the third consecutive quarter above 1.1x. Despite a GAAP net loss of $23.6 million, adjusted net income rose to $15.2 million, reflecting improved profitability. The company affirmed its 2026 revenue guidance of $2.55-$2.65 billion and adjusted EBITDA of $190-$220 million, signaling confidence in continued growth and margin expansion. Fortrea also highlighted its new Fortrea Intelligent Technology platform aimed at enhancing clinical trial efficiency.
The MARS2 Multimodal Reasoning Competition, sponsored by Tec-Do and MiniMax, has been officially launched to coincide with the ECCV 2026 conference. With a $100,000 prize pool, the competition challenges AI models to perform complex, open-world reaso...
The DoubleLine Yield Opportunities Fund (DLY) provides a diversified fixed income portfolio with a high dividend yield of 9.93% and uses 15.98% leverage. Currently, DLY trades at a 6.99% discount to its net asset value (NAV), which is deeper than its...
The Hinkal stablecoin privacy protocol was exploited due to a flaw in its smart contract, allowing an attacker to steal about $820,000 worth of USDC. The attacker manipulated the prooflessDeposit() function and executed multiple transact() calls, byp...
The 2026 FIFA World Cup sparked a surge in trading volumes on prediction market platforms in June. Kalshi saw over $31 billion in trading, a 70% increase from May, while Polymarket hit a record $10.8 billion. Newcomer Rothera also recorded $2 billion...
The top 10 stocks in the S&P 500 now account for about 40% of the index, nearly double their share from a decade ago, increasing concentration risk for investors heavily invested in the index. This concentration means portfolio returns depend heavily...
