Key Points - XPeng expects a strong Q2 rebound, guiding for deliveries of 100,000 to 106,000 vehicles and revenue of RMB 19.6 billion to RMB 20.8 billion after a weak first quarter. First-quarter revenue fell 17.6% year over year, and the company posted a net loss of RMB 1
Key Points - Hormel’s Q2 results beat expectations, with organic sales growth across all three segments, a 70-basis-point gross margin expansion to 17.4%, and adjusted EPS up 14% to $0.40. Management said this marked the company’s sixth straight quarter of organic net sale
The steakhouse restaurant sector has faced a major impact from an increase in beef costs, as steak prices spiked 16% to $12.73 per pound in March 2026, according to data from the Federal Reserve Bank of St. Louis, WIBC- Radio reported As the price of beef increases
UniCredit warns Europe may struggle to contain crypto-bank crisis under MiCA rules EU deposit insurance (up to €100,000) may not absorb stress from large stablecoin reserve accounts, unlike the full protection offered by U.S. regulators. What to know: - Europe lacks crisis
UniCredit warns Europe may struggle to contain crypto-bank crisis under MiCA rules EU deposit insurance (up to €100,000) may not absorb stress from large stablecoin reserve accounts, unlike the full protection offered by U.S. regulators. What to know: - Europe lacks crisis
A 60-day ceasefire extension framework has been agreed upon but requires final approval from President Trump to proceed. Negotiators from the US and Iran have finalized a memorandum of understanding for a ceasefire, structured in two phases. The agreement includes a 60-day
Former President Trump claims regulatory actions by ex-SEC Chair Gensler drove Bitcoin and crypto trading overseas before his policies intervened. Former U.S. President Donald Trump stated that his administration prevented the collapse of the domestic crypto industry, blam
Thanks in large part to the market's rampant enthusiasm for artificial intelligence (AI) stocks, Arm Holdings (NASDAQ: ARM) stock has soared more than 210% since the start of 2026, and one firm thinks that the stock is poised to rocket even higher. This new, bullish outloo
Sui blockchain suffers another network outage as transactions grind to a halt This is the second time this year that the Sui network has suffered an outage. What to know: - Sui Network suffered a mainnet outage that temporarily stalled transaction processing, with the proj
Freddie Mac data shows 30-year fixed mortgage rates climbed for a second week, remaining below last year’s levels. US 30-year fixed mortgage rates averaged 6.53% for the week ending May 28, up from 6.51% the prior week. The increase marks the second consecutive weekly gain