Onity Group Inc. announced its Q1 2026 results showing an 18% increase in total revenue to $294 million and net income of $7 million, with diluted EPS of $0.74. Despite strong growth in revenue, originations volume, and servicing UPB, the company faced challenges from mortgage interest rate volatility, higher refinancing activity, and elevated FHA delinquencies, leading to an adjusted pre-tax loss of $6 million. Onity updated its adjusted ROE guidance to 10%-15% due to ongoing rate volatility but reaffirmed growth in servicing UPB and operational efficiency. The company is focusing on profitable growth, leveraging AI technologies, and expects to complete a reverse mortgage transaction pending regulatory approval.
Nexans and Hydro have agreed on a five-year contract for about 85,000 tonnes of low-carbon aluminium wire rod to support Europe's electricity grid modernization. This aluminium, produced using 100% renewable energy in Norway, will help reduce carbon ...
Nexans and Hydro have agreed on a five-year supply contract for about 85,000 tons of low-carbon aluminum wire rod to support the modernization and decarbonization of Europe's electrical grid. The aluminum, produced in Norway using 100% renewable ener...
Scilex Holding Company announced a binding term sheet with Kazakhstan-based iHolding Group LLP for a $100 million investment, purchasing about 6.67 million shares at $15 each. This funding aims to support Scilex's strategic growth in healthcare, prod...
Following Shell's interim dividend payment for Q1 2026 on June 29, several senior executives, including CEO Wael Sawan and CFO Sinead Gorman, acquired shares through dividend reinvestment plans. These shares were obtained in respect of shares previou...
The global aliphatic hydrocarbon solvents and thinners market is projected to grow from $5.26 billion in 2026 to $6.81 billion by 2032, at a CAGR of 4.4%. Growth is fueled by rising demand in coatings, adhesives, and industrial maintenance, with mine...
