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The Coming Week: New Year, Old Issues

Analysts see few catalysts for momentum, with political and economic fears lingering.

Gilat defaults on $7.5m coupon payment to bondholders

Bank of New York withdraws money transfers after payment failed to come through

Gilat's winners and losers

How can Gilat handle its towering debt? And if there are winners, who loses out?

Gilat delaying Q2 report from August 21 to September

Company declined to discuss the reason behind the 2-3 week postponement

Gilat reveals $63m exposure to WorldCom in backlog

Orders relate to VSAT project in progress for the United States Postal Service

Breaking News

Tesla Stock Slips Lower After Q2 Delivery Slump, Planned Factory Closures

Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.

Exxon Stock Jumps On Bets For Record Q2 Profits Amid Global Oil Price Surge

"High energy prices are largely a result of underinvestment by many in the energy industry over the last several years and especially during the pandemic," Exxon said.

Summers, Others Cite Growing Chance of Recession

GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.

Coinbase Faces A New Scandal

The platform denies selling proprietary customer data and announces it is expanding into several European countries.