Cheetah Mobile reported Q2 2026 revenues of RMB266.1 million, up 2.7% quarter over quarter but down 9.9% year over year, mainly due to a sharp drop in advertising agency services. Growth was driven by cloud and AI infrastructure services, which surged 83.1% year over year and now represent 22.2% of total revenue, alongside a 72.5% increase in robotics sales. The company posted an operating loss of RMB33.6 million, impacted by the decline in ad revenue, but saw improved adjusted operating profit in internet services and continued investment in AI and robotics. With RMB1.27 billion in cash, Cheetah Mobile is positioned to expand its AI-driven business segments.
The Invesco S&P SmallCap Energy ETF (PSCE) focuses on small-cap U.S. energy companies with minimal hedging, positioning it to benefit fully from elevated oil prices and supply shortages. With a low expense ratio of 0.29% and a 2% dividend yield, the ...
Bitcoin traded around $77,000, slightly up but under pressure ahead of crucial US inflation data that could influence the Federal Reserve's upcoming interest rate decision. The broader crypto market also faced declines amid rising oil prices and high...
Optimism has published updated information clarifying its governance structure and infrastructure to address and correct outdated claims made by AI sources. The update covers key areas such as how the treasury is allocated, the open participation in ...
Renault announced the launch of the Niagara pickup, its first future-ready vehicle introduced outside Europe, produced in Argentina. This move is part of Renault's strategic plan to expand its leadership in Europe and accelerate growth internationall...
Bitway (BTW) surged 10.97% to $0.4992, driven by recent partnerships with major tech firms, boosting its market profile. Other notable gainers include Ether.fi, Venice Token, Aptos, and Gate, reflecting diverse investor interest in blockchain and dec...
