West Fraser Timber reported flat adjusted EBITDA in Q2 2026, with a sharp year-over-year decline driven by weakness in North American engineered wood products. The company's cash flow is insufficient to cover capital expenditures and dividends without seasonal working capital releases, indicating financial strain despite no immediate balance sheet danger. Rising costs, weak housing demand, and high mortgage rates continue to pressure the business. The stock trades at 12 times normalized earnings, offering little discount, leading to a Hold rating from the analyst.
US and Japanese officials are considering expanding the Federal Reserve's FIMA Repo Facility to help strengthen the yen by allowing Japan to exchange US Treasury holdings for dollars to buy yen. This move would involve the Fed printing new dollars, e...
Hexcel Corporation reported an 8% increase in Q2 sales and a 280 basis point rise in adjusted operating margin to 13.9%, driven by strong commercial aerospace demand from Airbus A350 and Boeing 787 programs. The company raised its 2026 sales and EPS ...
Restaurant Brands International (QSR) has been upgraded to a buy rating due to Burger King's successful turnaround, which has driven market share gains over McDonald's. Burger King posted an 8.5% comparable sales growth aided by the effective 'Reclai...
Bitcoin fell to around $63,900 after crude oil prices jumped nearly 5% due to Iran rejecting direct U.S. talks and setting conditions for reopening the Strait of Hormuz. This geopolitical tension pushed investors toward safer assets like the U.S. dol...
XRP's price has dropped over 65% from its January high, with weekly ETF inflows collapsing 93% to just $1.01 million. Despite this, large holders are accumulating more than 10 million XRP daily, signaling strong whale interest. The upcoming September...
