The auto thermal management firm raises its adjusted EBITDA target as data center sales growth accelerates to 60%-80% of revenue. Modine Manufacturing raised its fiscal 2027 adjusted EBITDA forecast to a range of $650M-$680M, up from prior guidance. The increase reflects s
Meta introduces subscription tiers for its AI chatbot to monetize heavy AI spending amid rising investment costs. Meta launched paid subscriptions for its Meta AI chatbot, offering two tiers priced at $7.99 and $19.99 per month. The move aims to offset escalating AI infras
United Texas Bank converts to national charter United Texas Bank has converted from a Texas state charter to a national charter, positioning itself as a crypto-focused bridge to the U.S. banking system. The bank now has the same federal licensure and direct Federal Re
The Canada-listed oil producer reported Q1 2026 revenue of $23.5M and net income of $5.2 million. Arrow Exploration Corp. announced Q1 2026 revenue of $23.5 million and adjusted EBITDA of $14.1 million, a 22% increase from $11.5 million in Q1 2025. The company cited realiz
Cash App introduces fee-free USDC transactions Cash App has begun supporting stablecoin transactions on networks including Ethereum and Solana. The rollout introduces broader multi-chain utility to Block's payments ecosystem, which has previously focused on Bitcoin
May’s Conference Board confidence index fell to 93.1, defying expectations, but risks from Iran and fuel prices may pressure sentiment ahead. US consumer confidence edged down to 93.1 in May from an upwardly revised 93.8 in April, outperforming forecasts of 92.0. The margi
Divergent central bank policies drive AUD/NZD to its steepest daily drop since 2022 as RBNZ signals aggressive hikes and RBA leans toward pausing. The AUD/NZD currency pair fell sharply, marking its largest single-day decline since 2022, as the Reserve Bank of New Zealand
Cloudflare shares fell 3.1% after six consecutive sessions of gains, paring year-to-date growth to 7%. Cloudflare (NET) shares declined 3.1% to $210.75, halting a six-session winning streak. The stock had climbed nearly 8% over the prior six sessions, outperforming broader
Mastercard secures license for crypto operations Mastercard's US transaction services unit has received a BitLicense from the New York State Department of Financial Services, allowing the company to conduct regulated digital asset business activity in the state. The
A potential merger between Tesla and SpaceX could position Elon Musk as a top corporate bitcoin holder with 30,221 BTC. Elon Musk is exploring a merger between Tesla and SpaceX, which would combine their bitcoin holdings into a $3.3 billion treasury. The combined entity wo
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