Primoris Services Corporation sharply reduced its full-year 2026 net income guidance by about 70%, causing its stock to fall 21.6% intraday on June 22, 2026. The company cited cost overruns and schedule delays on six renewable energy projects as the main reasons for the downgrade. This came after earlier optimistic guidance and no prior disclosure of these issues in the Q1 report. The sudden COO departure was also announced alongside the guidance cut. Investors who suffered losses may be eligible for legal action through Levi & Korsinsky, LLP, which is investigating potential securities violations.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
