Rheinmetall lowered its 2026 revenue forecast by 300 million euros following the cancellation of a major German government warship order. Despite this setback, the defense company reported a 39% increase in sales and a 74% rise in profits in the first half of 2024, driven by strong demand for military vehicles, ammunition, and air-defense systems. The company recently expanded into naval vessels with a new acquisition but faces investor concerns about its ability to meet growing order demands amid industry delays. The guidance cut highlights the risks of government contract changes despite overall strong growth in the European defense sector since Russia's invasion of Ukraine.
Bitwise announced it will liquidate its Dogecoin ETF (BWOW), ceasing trading on the NYSE Arca on October 14, 2026. Shareholders will receive cash based on the fund's net asset value as of October 21, with payouts scheduled for October 22. The closure...
Alpha and Omega Semiconductor (AOSL) is rated Buy with a $33 price target, expecting a 30% upside driven by strong growth in AI-related advanced computing. The company's advanced computing segment is forecasted to grow over 40% in Q1, offsetting decl...
Travelzoo has introduced five new exclusive travel offers for its club members in Germany, featuring trips starting from €99. These deals include stays at scenic locations such as the North Sea island Wangerooge, Costa Rica, Croatia's Riviera, Lake C...
Bitcoin surged over 25% in August but shows weak spot demand and liquidity, raising concerns of a bull trap. Meanwhile, Ethereum sees strong liquidity growth with stablecoin supply rising and record ETH staking, indicating robust demand. This liquidi...
Adobe Inc. reported record fiscal Q3 revenue of $6.8 billion, growing nearly 13%, its fastest pace since Q2 2022. The company exceeded earnings expectations and raised its full-year guidance, driven by rapid expansion in AI-first products whose recur...
