Vishay Precision Group reported an 11.7% increase in net revenues to $83.9 million for fiscal Q2 2026 but posted a net loss of $1.7 million, impacted by unfavorable foreign exchange rates and $3 million in delayed shipments. Strong order momentum, especially in precision resistors for AI and aerospace markets, drove bookings to $95.5 million with a book-to-bill ratio of 1.14. The company expects to exceed its annual revenue growth target of 8-10% for fiscal 2026, supported by a growing backlog and new customer engagements in humanoid robotics. Despite operational challenges, VPG is on track for $6 million in cost savings this year as part of a broader $20 million reduction plan.
Oil prices fell on Monday as traders monitored the steady flow of Middle East oil despite recent attacks on Saudi Arabia's East-West pipeline by Iran-backed Houthis. Brent crude dropped 1.66% to $102.15 per barrel, and US West Texas Intermediate fell...
CashCat's price fell about 30% in 24 hours due to broader crypto market weakness, breaking a key resistance but reaching a support level within a bullish channel. Indicators show bears currently dominate, yet rising Money Flow Index and positive Fund...
Solidion Technology has combined the roles of Chairman and CEO, appointing Jaymes Winters to lead both positions to strengthen governance and strategic execution. Winters brings over 15 years of CEO experience across various industries and will focus...
FireFly Metals is closing its A$10 million share purchase plan (SPP) on September 23, following a successful A$180 million equity raise earlier this month. The funding supports development of the Green Bay Copper-Gold Project in Newfoundland, includi...
Ethereum's euro-denominated stablecoin market cap grew by $32 million in the past 30 days, making up most of a $39.9 million increase across three networks. This growth highlights Ethereum's dominance with a 69.5% market share in a sector that expand...
