THOR Industries reported a 3.9% drop in net sales to $2.78 billion for Q3 fiscal 2026, with net income down 28.1% to $97.2 million. The North American Towable RV segment faced significant volume and margin pressure due to weak consumer sentiment and rising costs, while North American Motorized and European segments showed resilience with sales growth. The company opportunistically repurchased $50.5 million in shares and revised its full-year diluted EPS guidance down to $3.30-$3.80 from $3.75-$4.25, citing prolonged macroeconomic headwinds. THOR is focused on strategic realignment and operational efficiencies to navigate the challenging environment and position for future growth.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
