Matthews International reported a solid quarter, maintaining flat organic sales in its Memorialization segment despite industry volume challenges. The Propelis unit, with a $130 million EBITDA run rate and ongoing synergy realization, significantly supports the company's valuation, with plans to divest it within 18 to 24 months. The Industrial Tech segment shows promising signs, including resumed commercial launches, legal patent wins, and a backlog exceeding $100 million. Matthews is strengthening its position through deleveraging and accretive acquisitions, though further improvements in cost of capital and Industrial Tech execution could enhance investor confidence.
Bitcoin's recent price action resembles a bearish pattern from 2022, where a second, deeper drop followed an initial decline. The cryptocurrency has fallen below its 200-day moving average and formed a bear flag, signaling potential further downside ...
SpaceX, led by Elon Musk, is preparing for an IPO with a valuation target of $1.75 trillion. Financial data firms S&P Global and MSCI will determine which sector SpaceX fits into, considering its diverse business areas including space launches, satel...
Ethereum's leveraged bullish positions are increasing despite weakening spot market demand and resistance near $2,150-$2,200. Institutional outflows and rising macroeconomic pressures, including higher Treasury yields and dollar strength, are limitin...
At Google Next 2026, Google Cloud Security used Instruqt's hands-on platform to train over 150 practitioners on Agentic AI capabilities. Participants built their own AI agents in dedicated Google Cloud Vertex AI environments, gaining practical experi...
Tom Lee's Ethereum holdings show nearly $7.35 billion in unrealized losses, reflecting a significant drop from his acquisition cost. This large paper loss highlights the current bearish sentiment in the crypto market, influenced by regulatory uncerta...
