Ituran Location and Control Ltd. announced record second-quarter 2026 revenue of $104.8 million, a 21% increase year-over-year, driven by a 25% rise in subscription revenue. Net income grew 29% to $17.3 million, and EBITDA increased 24% to $28.5 million, reflecting strong operating leverage. The company added 41,000 net subscribers, reaching 2.71 million, with growth across Israel and Latin America supported by OEM partnerships and new initiatives like IturanMob in the US. Ituran declared a $10 million dividend and continues to invest in growth areas, confident in sustained profitability for 2026.
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
GoMining introduced Instant Funds, a feature enabling eligible digital Bitcoin miner NFT holders to use their miners as collateral to borrow stablecoins like USDT or USDC without selling the miners. Users can access up to 30% of the miner's value wit...
World Liberty Financial's proposed US trust bank has secured a significant investment from Sheikh Tahnoon bin Zayed Al Nahyan's group, which controls 49% of the holding company behind the bank. Another 38% is reportedly owned by an entity affiliated ...
Virtuals Protocol has introduced programmable agent wallets that enforce owner-set spending limits and kill switches at the signing layer, protecting funds from AI prompt injection attacks. These wallets operate independently of the AI's decision-mak...
Nvidia is strategically investing in the AI ecosystem by subsidizing major AI infrastructure projects, similar to how a nation-state might operate. This approach is aimed at expanding its future market and creating a strong competitive moat. Early si...
