(RTTNews) - Raytheon, an RTX Corp. (RTX) business, announced Monday it is investing $100 million to expand its Portsmouth, Rhode Island-based facility, which has been operating for more than 60 years. The facility supports undersea technology, combat systems and radars.
(RTTNews) - Raytheon, an RTX Corp. (RTX) business, announced Monday it is investing $100 million to expand its Portsmouth, Rhode Island-based facility, which has been operating for more than 60 years. The facility supports undersea technology, combat systems and radars.
As crypto markets bounced back from last week's sharp selloff, more than 200 companies and organizations united behind the Clarity Act, sending what many see as one of the strongest lobbying signals Washington has received from the industry. According to the Stand With Crypto, one of America's leading crypto advocacy organizations, the industry is speaking with one voice at a crucial time. The coa...
As crypto markets bounced back from last week's sharp selloff, more than 200 companies and organizations united behind the Clarity Act, sending what many see as one of the strongest lobbying signals Washington has received from the industry. According to the Stand With Crypto, one of America's leading crypto advocacy organizations, the industry is speaking with one voice at a crucial time. The coalition includes Coinbase Global ( COIN ), Circle Internet Group ( CRCL ), MARA Holdings ( MARA ), Ripple Labs, Robinhood Markets ( HOOD ), Galaxy Digital ( GLXY ), Riot Platforms ( RIOT ), Paradigm, Uniswap Labs ( UNI-USD ), Aave Labs, Hedera (HBAR), Injective ( INJ-USD ), Ethereum Name Service ( ENS-USD ), Chia Network, Filecoin Foundation ( FIL-USD ), and Plume Network ( PLUME-USD ), and many others. The Blockchain Association said on X , “We're proud to join Stand With Crypto and more than 200 organizations in asking for the Clarity Act. Let's secure America's role as the crypto capital of the world and move Clarity to the Senate floor.” The timing coincided with a broad recovery across digital assets. Total crypto market capitalization rose ~2.5% to ~$2.18T on Monday. Bitcoin ( BTC-USD ) climbed ~3% to ~$63K, Ethereum ( ETH-USD ) gained ~4% to ~$1.68K, Binance Coin ( BNB-USD ) rose ~2% to ~$600, and XRP ( XRP-USD ) advanced ~3.42% to ~$1.16, while Hyperliquid ( HYPE-USD ) jumped ~11.63% to ~$64.50. Several companies backing the letter also moved higher. Coinbase ( COIN ) rose ~3% to ~$156.94, Circle ( CRCL ) gained ~2.75% to ~$82.49, MARA Holdings ( MARA ) climbed ~4% to ~$12.80, Robinhood ( HOOD ) added ~3% to ~$84.91, Galaxy Digital ( GLXY ) surged ~12% to ~$28.03, and Riot Platforms ( RIOT ) rose ~1% to ~$24.93, reflecting improving sentiment across the sector. More on Coinbase, MARA Holdings, etc. Robinhood Markets, Inc. (HOOD) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript MARA Holdings: A $1.5 Billion Acquisition Just Transformed Its I...
J Studios/DigitalVision via Getty Images Elevator pitch Oracle Corporation ( ORCL ) will report its Q4 FY26 results on 10th June after market hours. Here's how I'm looking at the stock ahead of this release: High backlog concentration and long-dated revenues are major risks to watch. Focus on ROIs for aggressive AI capex. I'm expecting revenue acceleration, but it's probably priced in. ORCL is in ...
J Studios/DigitalVision via Getty Images Elevator pitch Oracle Corporation ( ORCL ) will report its Q4 FY26 results on 10th June after market hours. Here's how I'm looking at the stock ahead of this release: High backlog concentration and long-dated revenues are major risks to watch. Focus on ROIs for aggressive AI capex. I'm expecting revenue acceleration, but it's probably priced in. ORCL is in relative overvaluation territory. Bullish momentum is offset by a rejection from resistance. The analysis in this article is also relevant for Oracle's 6.5% preferred share class, ORCL.PR.D , as well because it mostly focuses on the drivers of a company's performance that come before the claims of preferred shareholders. I share my thoughts on relative ranking between the common and preferreds at the end. High backlog concentration and long-dated revenues are major risks to watch Remaining performance obligations (RPOs) are a leading indicator of future revenues as they represent contracted work that is not yet executed upon to be earned as revenues. This metric has seen explosive growth over the last 3 quarters: RPOs ($B) (Company Filings, Hunting Alphas) But there are some concerns under the hood: OpenAI ( OPENAI ) makes up about $300B of Oracle's contracted orders, amounting to 54% of the $553B RPO figure in ORCL's Q3 FY26 . Now, according to the Wall Street Journal's reporting from multiple sources, OpenAI has been missing many internal targets for active users and monthly revenue, whilst losing market share to competitors such as Anthropic ( ANTHRO ): OpenAI missed an internal goal of reaching one billion weekly active users for ChatGPT by the end of last year... The company still hasn’t announced that milestone, unnerving some investors. It also missed its yearly revenue target for ChatGPT as well after Google’s Gemini saw massive growth late last year and ate into OpenAI’s market share... The company has also struggled with defection rates among subscribers... OpenAI...
J Studios/DigitalVision via Getty Images Elevator pitch Oracle Corporation ( ORCL ) will report its Q4 FY26 results on 10th June after market hours. Here's how I'm looking at the stock ahead of this release: High backlog concentration and long-dated revenues are major risks to watch. Focus on ROIs for aggressive AI capex. I'm expecting revenue acceleration, but it's probably priced in. ORCL is in ...
J Studios/DigitalVision via Getty Images Elevator pitch Oracle Corporation ( ORCL ) will report its Q4 FY26 results on 10th June after market hours. Here's how I'm looking at the stock ahead of this release: High backlog concentration and long-dated revenues are major risks to watch. Focus on ROIs for aggressive AI capex. I'm expecting revenue acceleration, but it's probably priced in. ORCL is in relative overvaluation territory. Bullish momentum is offset by a rejection from resistance. The analysis in this article is also relevant for Oracle's 6.5% preferred share class, ORCL.PR.D , as well because it mostly focuses on the drivers of a company's performance that come before the claims of preferred shareholders. I share my thoughts on relative ranking between the common and preferreds at the end. High backlog concentration and long-dated revenues are major risks to watch Remaining performance obligations (RPOs) are a leading indicator of future revenues as they represent contracted work that is not yet executed upon to be earned as revenues. This metric has seen explosive growth over the last 3 quarters: RPOs ($B) (Company Filings, Hunting Alphas) But there are some concerns under the hood: OpenAI ( OPENAI ) makes up about $300B of Oracle's contracted orders, amounting to 54% of the $553B RPO figure in ORCL's Q3 FY26 . Now, according to the Wall Street Journal's reporting from multiple sources, OpenAI has been missing many internal targets for active users and monthly revenue, whilst losing market share to competitors such as Anthropic ( ANTHRO ): OpenAI missed an internal goal of reaching one billion weekly active users for ChatGPT by the end of last year... The company still hasn’t announced that milestone, unnerving some investors. It also missed its yearly revenue target for ChatGPT as well after Google’s Gemini saw massive growth late last year and ate into OpenAI’s market share... The company has also struggled with defection rates among subscribers... OpenAI...
Gandee Vasan/DigitalVision via Getty Images Market Review U.S. equity markets in 1Q26 were dominated by geopolitical escalation and energy-driven inflation risk, leading to weak quarterly performance. The Iran conflict, and resulting disruptions to the Strait of Hormuz, sharply constrained global oil supply, driving a surge in energy prices even as headline Consumer Price Index (CPI) appeared stab...
Gandee Vasan/DigitalVision via Getty Images Market Review U.S. equity markets in 1Q26 were dominated by geopolitical escalation and energy-driven inflation risk, leading to weak quarterly performance. The Iran conflict, and resulting disruptions to the Strait of Hormuz, sharply constrained global oil supply, driving a surge in energy prices even as headline Consumer Price Index (CPI) appeared stable. These dynamics led markets to price fewer rate cuts through 2026 and resulted in a move toward defensive and commodity-sensitive sectors. Despite generally resilient corporate earnings, the quarter was also marked by multiple compression and a rotation away from growth, particularly within technology and Artificial Intelligence (AI) related stocks. Elevated valuations proved vulnerable as the macro backdrop, as well as continued skepticism around AI near-term investment returns, left growth indices exposed. Market performance was driven by a strong surge in the energy sector, and cyclical and defensive sectors broadly outperformed. Energy, consumer staples, industrials, and materials had positive returns. Against this backdrop, the Russell Midcap Growth Index fell -6.4% in the first quarter with eight of eleven sectors participating in the downside. The biggest losses were in communication services, financials, information technology, and health care. Energy, by far, saw the biggest gain with industrials and materials also advancing. Month The Russell Midcap Growth Index returned -6.3% in March with all sectors losing ground except for energy. The biggest losses were seen in materials, consumer staples, and utilities. The PGIM Jennison Mid-Cap Growth Fund also declined but modestly outperformed the index primarily due to security selection within consumer discretionary (driven by specialty retail). Stock selection within energy and positioning with information technology also added value. On the downside, positioning in consumer staples, an underweight to energy, and se...
Steve Clarke is branded "unprofessional" by Norway counterpart Stale Solbakken after Scotland cancelled a training-ground friendly before the World Cup.
Steve Clarke is branded "unprofessional" by Norway counterpart Stale Solbakken after Scotland cancelled a training-ground friendly before the World Cup.
(RTTNews) - On Monday, Tyson Foods, Inc. (TSN) announced the appointment of Wes Morris as Chief Operating Officer. Morris will succeed Devin Cole as he retires.
(RTTNews) - On Monday, Tyson Foods, Inc. (TSN) announced the appointment of Wes Morris as Chief Operating Officer. Morris will succeed Devin Cole as he retires.
Group of Seven nations are weighing joint action to protect farmers and bolster food security as the war in the Middle East disrupts fertilizer supplies. Agriculture ministers from France, Canada, Germany, Italy, Japan, the UK, and the US met on Monday to discuss measures to mitigate the effects of the higher costs of crop nutrients, according to a statement from the French government. It gave no ...
Group of Seven nations are weighing joint action to protect farmers and bolster food security as the war in the Middle East disrupts fertilizer supplies. Agriculture ministers from France, Canada, Germany, Italy, Japan, the UK, and the US met on Monday to discuss measures to mitigate the effects of the higher costs of crop nutrients, according to a statement from the French government. It gave no details of what steps would be taken. The war in the Middle East has disrupted the flow of fuel and fertilizers from the Persian Gulf through the Strait of Hormuz, increasing costs for growers and stoking fears of a global food crisis. “The Strait of Hormuz, closed due to the situation in the Middle East, means 30% of global urea exports are blocked,” French Agriculture Minister Annie Genevard said on X . “In France, prices for nitrogen fertilizers have risen 30% since February. Our farmers cannot absorb that alone.” The ministers were meeting ahead of the G7 leaders’ summit scheduled to be held next week in Evian, France.