Key Points - Horizon Bancorp posted solid second-quarter results with a net interest margin of 4.37%, stronger fee income, and stable credit quality. Management said the quarter was hurt by a one-time $3.1 million legal expense accrual, but results were otherwise in line w
Key Points - Revenue growth accelerated in Q2 as Altisource reported service revenue of $48.7 million, up 19% year over year, driven by customer wins in both the origination and servicer/real estate segments. The company said this more than offset declines in business tied
Key Points - Vita Coco delivered a strong Q2, with net sales up 28% to $216 million and net income rising to $49 million. Gross margin expanded sharply to 49% from 36% a year ago, helped by tariff refunds and lower freight and product costs. - The company raised full-year
During the Tuesday episode of Mad Money, host Jim Cramer discussed the major credit card networks as he noted that consumer spending remains resilient. He began by highlighting the broader economic data and noted that roughly 81% of Americans hold a credit card, averaging
Tesla stock plunged after its second-quarter earnings left investors sorely disappointed. CEO Elon Musk preached caution and patience, after the company reported stepping up investments in robotaxis, Optimus robots and its Full Self-Driving software That wasn't what
Hut 8 Corp targets $154 after doubling earlier this year Hut 8 Corp experienced a bullish reversal, with its stock more than doubling earlier this year. The company's stock then started a correction from its June peak. The current Elliott Wave structure indicates
Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) is expanding its operations in Singapore as it prepares to grow across Asia. The U.S. exchange plans to increase its workforce in Singapore by one-third to around 200 employees by the end of 2026 The new hiring
Jefferies raises Verisk to Buy with a $235 target, citing improving organic growth and Q2 acceleration. Jefferies upgraded Verisk Analytics (VRSK) to Buy from Hold, lifting its price target to $235 from $192. The firm expects Verisk’s Q1 results to mark a trough, with orga
Penske Automotive Group (PAG) confirmed that its board received an unsolicited, preliminary, and non-binding proposal from Penske Corporation and Mitsui & Co. to acquire the remaining shares of the company that they and their affiliates do not currently own. The offer pric
Space Exploration Technologies (NASDAQ: SPCX) had to abort its 13th Starship test flight after some of its engines failed to ignite. Starship is SpaceX's fully reusable super-heavy-lift vehicle, and once it's ready to operate commercially, it could significantly reduce the
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