Eastern Company reported a 12% decline in Q2 2026 sales to $61.8 million, impacted by lower shipments in core segments, partially offset by $1.7 million in aerospace sales from recent acquisitions of Sungear and Crown Precision. The company's backlog surged 45% year-over-year to $126.2 million, driven by aerospace orders and stronger demand in truck mirrors and packaging. Despite lower adjusted earnings, Eastern enters H2 2026 with strong momentum and aims to improve profitability through integration and increased production. The company also repurchased shares and increased debt to fund acquisitions, signaling strategic expansion into aerospace and defense markets.
Perpetua Resources announced a $2.9 billion senior secured loan approval from the U.S. EXIM board to fund its Stibnite Gold Project, aiming to develop a major gold and antimony mine in Idaho. The company reported a Q2 2026 net loss of $97.5 million d...
Vision Marine Technologies has been granted a U.S. patent for its system that monitors and authenticates components within electric vessel powertrains. This patent protects the technology that ensures only genuine components operate together, with au...
Year-to-date, the iShares MSCI Canada ETF has outperformed the iShares Core S&P 500 ETF with returns of 15.1% versus 13.9%. The Canadian fund's strength is attributed to its focus on financials, materials, and energy sectors, while the US ETF is more...
Vicor Corporation is positioned for significant growth driven by rising demand for high-power-density energy conversion solutions in AI infrastructure. Its advanced technologies, including Vertical Power Delivery and Factorized Power Architecture, ca...
BitMart CEO Sheldon Lee dismissed rumors about frozen withdrawals as fabricated, despite users reporting blocked access and unpaid staff salaries. Users demand transparent proof of reserves and a repayment plan by August 19, but Lee responded with le...
