Kennametal Inc. announced a 43% increase in Q4 sales to $737 million and a record adjusted EPS of $2.96, driven by volume growth, pricing actions, and cost improvements amid strong market conditions. Fiscal 2026 sales rose 20% to $2.36 billion with operating income up significantly. Despite a negative free operating cash flow due to working capital needs, the company expects continued sales growth and adjusted EPS between $4.15 and $5.15 for fiscal 2027, supported by gains in Aerospace, Energy, and Earthworks markets. A quarterly dividend of $0.20 per share was also declared.
SEI token surged over 25% to $0.06285 after breaking the $0.052 resistance, driven by a 289% spike in daily volume to $203.44 million, signaling strong market participation. Canary Capital's proposed ETF plans to stake 90% of its SEI holdings, potent...
Trueo announced plans to migrate its prediction market protocol from the Base Layer 2 to the Ethereum mainnet, citing Ethereum's better liquidity, integration, and long-term infrastructure. Existing Base markets will remain operational until their ex...
Last week, overall market volatility decreased following the Federal Reserve's expected 25 basis point rate increase. While index volatility, measured by the VIX Index, declined, volatility for individual stocks actually rose, as seen in the divergen...
British Columbia has filed a lawsuit against OpenAI and CEO Sam Altman, claiming a deadly school shooting in Tumbler Ridge could have been prevented if OpenAI had alerted police about the shooter's use of ChatGPT to plan the attack. The lawsuit alleg...
Oil prices increased due to escalating tensions between Iran and the US after US Treasury Secretary Scott Bessent announced that all Iranian airlines will be shut down from Wednesday. This move involves cutting off fuel, landing services, and ticket ...
