Powell Industries reported a 6% revenue increase to $297 million for Q2 FY2026, driven by growth in commercial, electric utility, and oil & gas markets. New orders surged 97% to $490 million, including multiple mega orders over $75 million and a record $400 million data center order post-quarter. Backlog rose 33% to $1.8 billion, supporting strong future revenue visibility. Despite a slight 1% net income decline to $45.9 million due to higher expenses, the company remains optimistic about continued market demand and plans capacity expansions to meet growth.
A new patent application reveals a quantum AI project creating humanoid robots that can carry a person's 'digital DNA' to live alongside humans for centuries. This technology, part of a federally registered clinical trial, allows families to preserve...
The Rosen Law Firm is investigating potential securities claims against Putnam Investment Management, LLC, alleging the company may have provided misleading business information to investors in its stock-based mutual funds. Investors who purchased Pu...
CoreWeave secured a $35 billion deal with Meta, making Meta one of its largest customers through 2032. Despite this significant partnership, CoreWeave's shares fell following news related to Meta's own cloud services. The drop suggests investor conce...
Bitcoin price hovered around $64,150 after US President Donald Trump paused military strikes on Iran, reducing immediate escalation risk. Despite this, geopolitical tensions persist with ongoing diplomatic talks and regional conflicts, keeping pressu...
Coinbase has introduced a new feature allowing users to instruct AI agents to automatically buy Ethereum if its price drops by 5%, turning simple commands into rule-based limit orders executed by the exchange. This automation helps users react to mar...
