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Canadian National Railway Posts Record Monthly Grain Movement in May

Canadian National Railway (CNI) has moved over 2.96 million metric tonnes of grain from Western Canada in May, compared with 2.54 million metric tonnes for the same period last year, the company said Monday.The May figure sets a new monthly record for grain movement, the company added.Shares of the company were up 1.2% in Monday afternoon trading.Price: $120.00, Change: $+1.45, Percent Change: +1.22%

$CNI

Wire29d ago

Marsh McLennan Agency Closes TriBridge Partners Acquisition

Marsh (MRSH) unit Marsh McLennan Agency said Monday it has completed the acquisition of TriBridge Partners, a benefits broker and retirement and wealth advisor in Columbia, Maryland.Financial terms were not disclosed.Price: $161.78, Change: $+1.81, Percent Change: +1.13%

$MRSH

Wire29d ago

Wedbush Raises Price Target on Edgewise Therapeutics to $52 From $46, Maintains Outperform Rating

Edgewise Therapeutics (EWTX) has an average rating of buy and mean price target of $42.75, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $39.52, Change: $+5.36, Percent Change: +15.69%

$EWTX

Wire29d ago

Market Chatter: Apple Plans Feature to Split Bills

Apple (AAPL) is planning a new service that will allow iPhone users to split joint bills, expanding its push into everyday financial tools, Bloomberg reported Monday, citing people with knowledge of the plan.The feature will let users take a photo of a receipt, assign items to people, and generate payment requests, according to the report.Apple intends to announce the offering next week at its Worldwide Developers Conference and include it in iOS 27, Bloomberg said.Apple did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $307.89, Change: $-4.17, Percent Change: -1.34%

$AAPL

Wire29d ago

Market Chatter: Chevron-led Tengiz Oilfield Restores Oil Production

Kazakhstan has restored its oil production to 290,000 metric tons per day following an accident that caused production losses at its largest oilfield, Tengiz, led by Chevron (CVX), Reuters reported Monday, citing energy minister Erlan Akkenzhenov.Chevron's venture Tengizchevroil said Friday that part of the oilfield had experienced "minor operational disruption" on May 28 and output was being restored, according to the report.Tengizchevroil said Monday its oil production was "close to normal operating rates," the report added.Chevron did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $186.39, Change: $+3.92, Percent Change: +2.15%

$CVX

Wire29d ago

Marvell Technology Shares Jump After Company Unveils New AI Data-Center Switch

Marvell Technology (MRVL) shares jumped 8.4% in Monday trading after the company introduced a new high-capacity switch designed for AI data-center networks, expanding its portfolio of infrastructure chips.The Teralynx T100, which Marvell calls the industry's first 102.4-terabit-per-second switch built specifically for AI and cloud data-center infrastructure, is aimed at handling the massive data movement required for training and running large AI models.Intraday volume on the stock topped 24.8 million shares versus the daily average of almost 27.3 million.Price: $222.20, Change: $+17.20, Percent Change: +8.39%

$MRVL

Wire29d ago

Canadian Imperial Bank of Commerce Shares Drop After Downgrade From Scotiabank

Canadian Imperial Bank of Commerce (CM) shares were down 2% in afternoon trading on Monday after Scotiabank downgraded the company's stock to sector-perform from sector outperform and adjusted the price target to CA$155 ($112) from CA$159.Trading volume stood at over 657,000 shares against a daily average of around 1.4 million.Price: $106.61, Change: $-2.13, Percent Change: -1.96%

$CM

Wire29d ago

BlackRock Launches $25 Million Nationwide Request for Proposals Under Future Builders Initiative

BlackRock (BLK) has launched a $25 million nationwide request for proposals under its $100 million BlackRock Future Builders initiative to further US skilled trades workforce, the company said Monday.Through the proposals, The BlackRock Foundation will award two-year grants ranging from $500,000 to $1 million per award, the company said, adding that nonprofits will use these grants to expand programs providing access to skilled trades training and career pathways.Price: $1023.71, Change: $-23.18, Percent Change: -2.21%

$BLK

Wire29d ago

Zscaler Shares Rise After Guggenheim Upgrade

Zscaler (ZS) shares were up over 10% Monday afternoon after Guggenheim upgraded the stock to buy from neutral.Trading volume stood at more than 7.0 million shares, against a daily average of about 3.9 million.Price: $154.12, Change: $+14.39, Percent Change: +10.30%

$ZS

Wire29d ago

Street Color: Apple Planning New Split Bills Feature in iPhones, Bloomberg Reports

$AAPL

Wire29d ago

Alphabet Shareholders Urged to Reject Data Privacy Review Proposal Ahead of June 5 Meeting

Alphabet (GOOG, GOOGL) shareholders were urged Monday to vote against a data privacy review proposal at the company's June 5 annual meeting.The Anti-Defamation League and investment advisor JLens said they have filed a Notice of Exempt Solicitation with the US Securities and Exchange Commission outlining their opposition to the proposal, which they said identified only Project Nimbus, Alphabet's cloud agreement with the Israeli government.ADL and JLens said Alphabet's board as well as proxy advisory firms Institutional Shareholder Services and Glass, Lewis have also recommended that shareholders vote against the proposal.Alphabet did not immediately respond to' request for comment.Price: $374.17, Change: $-2.26, Percent Change: -0.60%

$GOOG$GOOGL

Wire29d ago

Top Midday Decliners

Constellation Energy (CEG) priced an underwritten secondary offering of 11 million shares at $281 apiece, it said Monday.Shares were down 6%, with intraday trading volume rising to nearly 6.7 million from the stock's daily average of about 3.1 million.Deutsche Bank downgraded AST SpaceMobile (ASTS) to hold from buy while cutting its price target to $106 from $117.Shares of AST were down 6%, with intraday trading volume rising to over 20 million from a daily average of about 18.6 million.Nvidia (NVDA) has unveiled an artificial intelligence chip, RTX Spark, to power Microsoft (MSFT) Windows personal computers. RTX Spark marks Nvidia's formal entry into the consumer PC processor market, a Wedbush Securities note said on Monday. The foray could hurt Intel (INTC) in particular, Wedbush analyst Matt Bryson wrote in the note.Shares of Intel slipped 3.3%, with intraday trading volume rising to over 95.1 million from a daily average of about 120.6 million.Price: $106.55, Change: $-6.86, Percent Change: -6.05%

$ASTS$CEG$INTC$NVDA

Wire29d ago

Market Chatter: Amazon, Microsoft, Google May Face Curbs Under EU Cloud Proposal

Amazon.com (AMZN), Microsoft (MSFT) and Alphabet's (GOOG, GOOGL) Google may be excluded from critical European government cloud-computing contracts under proposed EU rules aimed at reducing the bloc's reliance on US technology providers, Reuters reported Monday, citing EU draft documents.The European Commission plans to introduce strict sovereignty, data protection and procurement requirements as part of its Cloud and AI Development Act, due to be unveiled Wednesday by EU Technology Commissioner Henna Virkkunen, the report said.The proposal, which would apply to sensitive state tenders in sectors such as banking, energy and healthcare, may favor software and hardware developed within the EU the report said.The European Commission, Amazon, Microsoft and Google didn't immediately reply to requests for comments from.Amazon shares fell 3.2% in Monday trading, Alphabet declined 0.6%, and Microsoft rose 2.1%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $261.91, Change: $-8.74, Percent Change: -3.23%

$AMZN$GOOG$GOOGL$MSFT

Wire29d ago

Truist Raises Price Target on Science Applications International to $110 From $95, Keeps Hold Rating

Science Applications International (SAIC) has an average rating of hold and mean price target of $114, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $120.30, Change: $+16.10, Percent Change: +15.45%

$SAIC

Wire29d ago

Florida Attorney General Sues OpenAI, Sam Altman Over Alleged Deceptive AI Practices

Florida Attorney General James Uthmeier said Monday the state has filed a civil lawsuit against OpenAI and Chief Executive Sam Altman, alleging deceptive practices and harm to Floridians, including minors.The complaint alleges OpenAI knowingly released and marketed ChatGPT while concealing risks, downplaying safety concerns, and failing to adequately protect users, including children, according to the Attorney General's office."OpenAI and Altman ignored internal and external safety warnings, put children at great risk, and allowed a dangerous product to reach millions of Floridians," Uthmeier said.The state is seeking damages and an end to the practices outlined in the complaint under Florida's consumer protection laws.OpenAI did not immediately respond to' request for comment.Price: $458.74, Change: $+8.50, Percent Change: +1.89%

$MSFT

Wire29d ago

Okta Shares Rise After Macquarie Raises Price Target

Okta (OKTA) shares rose 13% in Monday trading after Macquarie raised its price target on the stock to $120 from $100 and maintained its outperform rating.Intraday volume topped 5.48 million shares versus the daily average of almost 3.95 million.Price: $139.59, Change: $+16.32, Percent Change: +13.24%

$OKTA

Wire29d ago

Seagate Reportedly Reaches $175 Million Settlement in Shareholder Suit Over Huawei Sales

Seagate Technology Holdings (STX) reached a $175 million settlement in a lawsuit alleging it deceived shareholders by concealing violations of US export-control laws and inflating profit by selling $1.1 billion of hard disk drives to China's Huawei Technologies, multiple media outlets reported Monday.A preliminary settlement of the proposed class action lawsuit was filed Friday in a federal court in San Francisco and requires a judge's approval, the reports said.The company denied wrongdoing in agreeing to the settlement, Reuters reported.Seagate did not immediately respond to a request for comment from.Price: $929.29, Change: $+49.49, Percent Change: +5.63%

$STX

Wire29d ago

Top Midday Gainers

MGM Resorts International (MGM) shares soared 16% amid heavy trading after the company confirmed on Monday that it received an offer from People Inc. to acquire all outstanding MGM shares that it does not already own for $48.30 per share in cash.More than 16.4 million shares of the company traded intraday compared with a daily average of about 4.8 million.Sphere 3D (ANY) has completed its business combination with Cathedra Bitcoin, forming a scaled digital infrastructure platform with 53 megawatts of operating capacity and an over 100-megawatt potential expansion pipeline, the company said Monday.Shares more than doubled as intraday trading volume catapulted to over 101.7 million from a daily average of about 590,000.Salesforce (CRM) said Monday it plans to invest $2 billion in France through 2030 to expand its artificial intelligence and cloud operations.Shares jumped 10% amid a surge in intraday trading volume to over 17.4 million from a daily average of roughly 13.6 million.Price: $210.05, Change: $+18.95, Percent Change: +9.92%

$ANY$CRM$MGM

Wire29d ago

Nvidia, Fluence, Siemens Develop Vera Rubin AI Data Center Reference Architecture

Siemens, together with Nvidia (NVDA) and Fluence Energy (FLNC), developed a reference architecture for Nvidia's DSX Vera Rubin AI data center platform, designed to translate Nvidia's AI factory vision into a deployable electrical, power and controls system for hyperscalers, colocation providers and cloud infrastructure operators, Siemens said Monday.The solution is built on repeatable, scalable electrical building blocks aligned with Nvidia DSX Vera Rubin deployment units, allowing capacity to be added in phases. It can support initial deployments of tens of megawatts and scale to hundreds of megawatts without requiring a fundamental redesign.Fluence's battery energy storage provides flexibility and resilience for AI factories operating in power-constrained environments, according to the statement.Shares of Nvidia rose 4.9% in Monday trading, while Fluence shares climbed more than 42%.Price: $221.43, Change: $+10.29, Percent Change: +4.87%

$FLNC$NVDA

Wire29d ago

Update: Market Chatter: Walmart Limits Staff's Usage of AI Tool After High Demand

(Updates with Walmart's response to a request for comment in the last paragraph.)Walmart (WMT) is capping its staff's usage of an artificial intelligence agent following a period of high demand, Bloomberg reported Monday, citing people familiar with the matter.The retail giant is now offering a limited amount of "tokens" per worker to use the AI agent, called Code Puppy, which helps employees with spreadsheets and presentations, among other tasks, the people reportedly told Bloomberg. Previously, staff had an unlimited amount of tokens, the report said."As AI adoption grows across the company, our approach is to help associates experiment, solve problems and create better experiences for customers and members," a Walmart spokesperson told. "We want associates using AI in ways that create meaningful value, and we are supporting them with the skills and guidance to use the right AI for the right task."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $113.98, Change: $-1.77, Percent Change: -1.53%

$WMT

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