Melrose Industries PLC is progressing well in resolving the Garden Grove accident by setting a quick timeline to restore full production and establishing a $100 million claims fund. The company’s core MLSPF business showed robust performance in the first half of the year, with 10% revenue growth and 16% adjusted profit growth, and even stronger gains in its Engines segment. Civil aerospace backlogs remain strong, and increasing defense spending supports expectations for sustained revenue growth and improved profit margins. Key future priorities include margin improvements in the Airframe business and enhancing free cash flow efficiency, which could unlock significant upside if management executes effectively amid current investor skepticism.
Mastercard is set to participate in a 36-hour XRP Ledger hackathon in New York starting October 24, just before Ripple's Swell conference. This involvement is seen as a strong positive signal for XRP, potentially attracting more developer interest to...
Gold and silver prices edged lower in early U.S. trading as firm U.S. Treasury yields and a steady dollar limited gains despite bargain hunting after a post-inflation data pullback. Gold traded near $4,588.50 an ounce, down 0.10%, and silver near $67...
Rocket Lab Corporation reported its best quarter ever with record Q2 revenue, backlog reaching $2.4 billion, and strong gross margins. The company's defense segment is growing independently with $456 million in suborbital contracts, showing competiti...
Jinhui Shipping reported Q2 2026 revenue of $36 million and a net profit of $5.3 million, marking a 374% increase in net profit quarter-on-quarter despite a 9% revenue drop due to selling some vessels. The average daily time charter equivalent (TCE) ...
BlackRock Science and Technology Term Trust (BSTZ) is a closed-end fund focused on AI-driven technology equities, including major holdings in Databricks and Anthropic. The fund provides diversified exposure to both public and private tech companies, ...
