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.
Apple posted its best June quarter ever with strong iPhone 17 sales and $109.42 billion revenue, but faces supply constraints and one-time tariff benefits. Microsoft reported $90.01 billion revenue with Azure growing 43% and a massive $678 billion co...
TD Cowen upgraded Rivian Automotive to Buy with a higher price target of $20, citing strong demand for its upcoming R2 SUV and attractive valuation after a stock selloff. Truist maintained a Buy rating on Mid-America Apartment Communities (MAA) but l...
Rockwell Automation introduced TechConnectIQ Support, a new remote support service designed to help manufacturers address skills gaps, reduce downtime, and simplify software and firmware updates. This service offers 24/7 access to technical experts, ...
Dune Oil Corp has appointed Neil Maedel to its board of directors, Jordan Coleman as chief operating officer, and named Scott Lower as chief executive officer. These leadership changes bring extensive experience in capital markets, energy operations,...
Charles Schwab is expanding its crypto trading platform by adding three major altcoins: Solana, Avalanche, and Chainlink. This move responds to client demand for more established digital assets beyond Bitcoin and Ethereum. The new cryptocurrencies wi...
