New Mountain Finance reduced its dividend by 22% to $0.25 per share in Q2 due to a 24% portfolio contraction and lower net investment income. Despite this cut, dividend coverage improved to 104%, easing concerns about payout sustainability. The stock's discount to net asset value (NAV) has not increased, suggesting the market had anticipated the dividend reduction. Management is using the NAV discount to repurchase shares aggressively, supporting the stock's value and future growth potential.
Bitcoin paused around $64,000 after a rally from $62,600, slipping 0.6% amid a broader market pullback driven by rising U.S. Treasury yields and oil prices, which rose to $94 per barrel after a U.S.-Iran ceasefire expired. The Federal Reserve's July ...
Jim Cramer highlighted the booming memory and storage sector, specifically predicting Micron Technology's stock could double again, provided there is no slowdown in AI data center demand. He argues this cycle is different due to strong long-term cust...
YPF Sociedad Anónima reported record EBITDA and quarterly revenues of $6.57 billion in Q2 2026, surpassing market expectations. The company generated over $1 billion in free cash flow (excluding M&A), leading to a cash position of about $2.5 billion ...
Sea-Doo introduces its 2027 personal watercraft lineup featuring the new Rotax 1630 ACE 350 hp engine, the most powerful from the factory. The limited edition Sea-Doo RXP-X Senna 350 honors racing legend Ayrton Senna. The Spark family expands with th...
Elauwit Connection, Inc. reported a 94% increase in activated units and a 163% increase in billed units year-over-year for Q2 2026, driven by signing over 10,000 new units across 37 properties. Despite a 46% revenue decline due to timing of construct...
