RENK Group AG reported a record €1.2 billion in orders for the first half of 2026, a 29.7% increase from the previous year, driven by strong demand in defense. The company achieved its highest-ever quarterly order intake of €612.8 million in Q2, with a book-to-bill ratio of 1.9x and an all-time high order backlog of €7.4 billion. Revenue rose 2.7% to €637.2 million, while adjusted EBIT grew 10.1% to €98.2 million, improving the EBIT margin to 15.4%. RENK confirmed its full-year guidance of over €1.5 billion in revenue and adjusted EBIT between €255 million and €285 million, supported by ongoing investments and strategic acquisitions like David Brown Defence.
AT&T has been upgraded to a Strong Buy rating due to its improved free cash flow guidance, now expected to reach around $18 billion by 2026. The company shows strong pricing power and accelerating earnings, supported by rising wireless average revenu...
Jefferies has reaffirmed its 'buy' rating on Prudential PLC, highlighting management's confidence in demand for its Hong Kong insurance products. Prudential reported a 9% rise in adjusted operating profit before tax to $1.81 billion and a 10% increas...
OpenAI announced it will start displaying ads on its ChatGPT Free and Go subscription tiers in India, where it has over 100 million weekly active users. The company plans to feature ads from 50 brands and launch an ad manager next month to help marke...
Moonwell, a decentralized lending protocol on Base, has frozen borrowing in its MAMO Core Market by reducing the borrow cap to 1 wei after an attacker exploited low liquidity in the MAMO token. The attacker manipulated MAMO's price, using inflated co...
In 2026, both CVS and Intel showed strong turnaround results but faced stock sell-offs for different reasons. Intel's decline stems from doubts about its 18A manufacturing roadmap and competitive pressure, while CVS's drop relates to a cautious 2027 ...
