The SEC charged former executives of Tricolor Holdings for a scheme involving double pledging hundreds of millions in subprime auto loans to multiple securities offerings, raising over $1.9 billion while misleading investors about the company's financial health. The complaint alleges false claims that loans were free of liens and manipulation of loan data to hide defaults. At bankruptcy in 2025, nearly $945 million remained owed to investors. The case includes demands for penalties, disgorgement, and bans on the executives, highlighting risks in private credit markets.
Grocery Outlet Holding Corp. reported a 1.1% revenue increase to $1.19 billion in Q2 2026 and an adjusted EPS of $0.20, beating analyst expectations despite a 13% EPS decline. The company is undergoing strategic restructuring, including closing 36 un...
Hesai Group reported Q2 2026 earnings with revenue of $126.9 million, slightly above expectations, driven by strong LiDAR sales. Despite an EPS of $0.01 missing the $0.08 estimate, the company achieved its fifth consecutive GAAP profitable quarter, w...
Amylyx Pharmaceuticals' stock surged 54.43% after its drug avexitide showed positive Phase 3 trial results, cutting hypoglycemic events by 55% in post-bariatric patients. UBS set a $45 price target, implying a 36% upside from current levels. The stoc...
Ondas is expanding its market and technology through acquiring Aran Defense Ltd., enhancing its autonomous and defense systems. The company reported record Q2 revenue of $83.8 million, up 67% from the previous quarter and over 13 times year-over-year...
With 30-year Treasury yields near 5.28% and 10-year yields at 4.72%, the appeal of dividend ETFs like SCHD, VYM, HDV, and DVY is being reevaluated. Treasuries now offer higher current income with lower risk compared to dividend ETFs, which have yield...
