Vail Resorts reported a 4.7% revenue drop to $1.08 billion in Q2 FY2026 due to the worst snowfall season in over 30 years in the Rockies, with skier visits down 13%. The company slashed its full-year EBITDA and net income guidance, citing a 40% lower snowfall than the previous worst year and record warm temperatures in Colorado. Despite challenges, Vail’s Epic Pass model, covering 75% of visits, helped cushion revenue declines, and CEO Rob Katz personally bought $5 million in stock post-earnings. The company maintained its $2.22 quarterly dividend but faces pressure if poor weather continues, with a 20% discount offered on passes for younger skiers to boost demand next season.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
B&M European Value Retail's first-quarter update has divided analysts, with Deutsche Bank upgrading the stock to 'hold' citing stabilizing profit margins and a sensible turnaround strategy by new CEO Tjeerd Jegen. Deutsche Bank raised its profit fore...
Telo Genomics announced positive interim results from a clinical study analyzing blood samples of multiple myeloma patients to predict relapse risk using 3D telomere analysis. The test showed strong predictive accuracy, potentially offering a less in...
Meta now notifies parents if their teen talks about suicide or self-harm with its AI chatbot and is developing a feature to contact emergency services if risk is detected. This move addresses concerns about AI chatbots handling crisis conversations, ...
Abitibi Metals has appointed Ben Pullinger as Senior Vice President of Corporate Development and Growth to lead its expansion strategy and advance its flagship B26 Project in Quebec. Pullinger brings extensive experience, having led ATEX Resources fr...
