Financial News · Live Terminal

Page 1003 of 3264

Record Debt Issuance Highlights Provincial Funding Needs, But Financing Strategy Is Pragmatic, Says National Bank

Provincial borrowing in Canada reached unprecedented levels as of Monday, having collectively sold $104 billion of debt worldwide, setting a new record for the first six months of the year, National Bank of Canada Capital Markets noted.On the surface, record borrowing is "no reason to rejoice," Managing Director Warren Lovely wrote.This year's rapid borrowing reflects unusually high financing needs, driven by wider budget deficits and spending required to support and reshape regional economies that are less productive and more exposed to trade with the U.S. and its new tariffs, the bank said.Provincial funding strategies are not without risk, with a growing reliance on international markets, National Bank said. Although foreign-currency issuance can reduce funding costs, it increases dependence on non-resident investors and has led to shorter-dated borrowing, raising refinancing risk.That said, despite an unusually large and more internationally driven first half of provincial bond sales, the funding strategy still looks "pragmatic, efficient, and cost-effective," according to Lovely.

$CXY

Wire39d ago

HawkEye's International Growth, Contracts in Focus, RBC Says

HawkEye 360 (HAWK) could benefit from stronger overseas demand and new contract wins amid US budget uncertainty, RBC Capital Markets said in a note Tuesday.The report said the firm reported an in-line Q1 results, with inaugural guide for 2026 to come with its Q2 earnings release.International business could become a focus as the firm works toward a customer mix of about 55% US and 45% international by 2028, the note said, adding that international contract awards of nearly $100 million in Q1 could lift its backlog.The report also said its launch cadence and M&A are the next two potential catalysts ahead of Q2 results."The NT pressure on defense-tech and space stocks could be overdone and see HAWK execution as having the potential to re-rate positively," the note said."However, budget uncertainty is likely to remain an overhang," it added. RBC cut its price target to $33 from $40 while keeping its outperform rating.Price: $21.48, Change: $-0.80, Percent Change: -3.59%

$HAWK

Oil & Energy39d ago

US Refining Indicators Weaken in June as Crack Spreads Soften, Q2 Gains Hold, TPH Energy Says

US refining margins have softened heading into the end of the second quarter, pressured by falling gasoline and diesel cracks following progress on a peace deal between the US and Iran, TPH Energy strategists said in a note on Tuesday.TPH analysts said company-specific refining indicators are trading down by $5 to $11 per barrel month-to-date in June, reflecting a broader cooling in energy markets.Matthew Blair, analyst at TPH Energy, said that while the geopolitical developments have weighed on product cracks, the impact across the sector has been uneven.Par Pacific Holdings (PARR) has demonstrated the most resilience among the group, with its refining indicator down $4.94 per barrel month-to-date.TPH said that the Singapore market, a key benchmark, has declined slightly and remains well above its five-year average, while falling crude prices have provided a tailwind for asphalt indicators.The bank said that large-cap refiners show a more mixed picture. Phillips 66 (PSX) is down $7.36/bbl month-on-month but is seen benefiting from potential derivative gains linked to falling crude prices.Valero Energy (VLO) has declined by $7.50/bbl, with strength in Gulf Coast diesel partially offsetting the narrowing of crude differentials.HF Sinclair (DINO) is down $8.03/bbl amid weakness in West Coast and Rockies cracks, though improved Southwest markets partly cushion the impact.Meanwhile, Marathon Petroleum (MPC) shows the steepest monthly decline at $10.85/bbl, driven by softness in Midcontinent refining margins.However, despite the monthly weakness, TPH still expects strong quarter-to-date performance across the sector.Phillips 66 leads gains at $15.84/bbl, followed by Par Pacific at $15.03/bbl, Marathon Petroleum at $13.39/bbl, Valero Energy at $11.77/bbl, and HF Sinclair at $11.13/bbl.Price: $50.94, Change: $-0.11, Percent Change: -0.22%

$DINO$MPC$PARR$PSX$VLO

Wire39d ago

Tesla's Supervised Driver Assistance System is Being Assessed for Approval in Finland

Tesla's (TSLA) Full Self-Driving supervised driver assistance system is being assessed by Finland's Traficom for approval in the country, following provisional type-approval granted by the Netherlands, the Finnish Transport and Communications Agency said on Tuesday.Traficom is also taking part in the European Union-level process that is working with the manufacturer and other authorities and evaluating the safety of the system, the agency said.While the EU-level vote is expected to take place in October, Traficom said that it may recognize a national approval for the system before the vote, the agency added.Tesla did not immediately respond to' request for comment.Price: $384.87, Change: $-20.18, Percent Change: -4.98%

$TSLA

Mining & Metals39d ago

Brookfield, Cameco Welcome U.S. Dept. of Energy's US$17.5 Billion Conditional Support for Nuclear Reactors

Brookfield Asset Management (BAM.TO) and Cameco (CCO.TO) said they welcomed the decision by the U.S. Department of Energy to conditionally commit US$17.5 billion in loan facilities to support investment in nuclear reactors in the country.The loans will finance the long-lead equipment required to construct up to 10 Westinghouse AP1000 nuclear reactors, the only licensed large-scale advanced commercial reactors operating in the U.S., a DOE statement said.Westinghouse is 51% owned by Brookfield and its institutional partners while Cameco has 49%.Price: $66.60, Change: $-0.22, Percent Change: -0.33%

$BAM.TO$CCO.TO

Mining & Metals39d ago

Bitzero Enters Land Reservation Agreement for New Finland Site

Bitzero (AIBZ-U.CN, AIBZ) on Tuesday said it secured a reservation of about 33 hectares of industrial land in Finland under a reservation agreement entered into with a local municipality in the country.The AI-infrastructure company expects the initial phase of the site to support up to 60-megawatt of capacity.The land has been reserved for six months, during which the company expects to advance engineering work, electrical connections, and identify long-lead infrastructure items required to support future site development."While this is an early-stage milestone, it reflects our disciplined approach to land development and our broader vision of building Bitzero into a leading infrastructure and power platform for HPC and data center customers over the coming years," chief executive Mohammed Bakhashwain said in a release.Shares of the company were last seen up C$0.16, or 1.8%, to C$9.12 on the Canadian Securities Exchange.Price: $9.15, Change: $+0.19, Percent Change: +2.12%

$AIBZ-U.CN

Wire39d ago

Market Chatter: US, Qatar Warn EU Methane Rules Could Trigger Gas Supply Shortages

The US and Qatar have warned that the European Union could face higher gas prices and supply shortages unless it changes planned methane emissions rules, the Financial Times reported Tuesday, citing a draft letter seen by it.They argue that most global oil and gas exporters would be unable to comply with the proposed requirements, which would introduce monitoring and reporting standards for methane emissions across supply chains.The warning, led by US and Qatari energy officials and sent to EU leaders ahead of an energy ministers' meeting, says there is a "narrow window" to change the rules. Algeria and Nigeria also backed the letter, according to the report.The European Commission, the US Department of Energy and Qatar's Government Communications Office did not immediately respond to' requests for comment.(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: $233.74, Change: $+2.89, Percent Change: +1.25%

$ET$LNG$SRE$VG

Wire39d ago

Apogee Therapeutics' Acquisition by AbbVie Fairly Values Zumilokibart, UBS Says

Apogee Therapeutics (APGE) proposed $10.9 billion acquisition by AbbVie (ABBV) represents a "full and fair" valuation of its lead asset, zumilokibart, and the "long-acting IL-13" antibody is largely de-risked, entering Phase III development and has "mega-blockbuster potential" in atopic dermatitis and asthma, UBS Securities said in a note Tuesday.AbbVie's "leading dermatology franchise" and commercial capabilities could help maximize the value of zumilokibart, while Apogee's broader immunology portfolio further supports the "strategic value" of the platform. The transaction is expected to close in Q3 and is seen facing limited antitrust risk due to minimal "overlap" between the companies, according to the report.UBS downgraded Apogee Therapeutics to neutral from buy following the acquisition announcement, and raised the price target to $135.11 from $100, reflecting the "implied value of the transaction," and noted that few significant clinical catalysts are expected for the remainder of the year.Price: $132.76, Change: $+0.20, Percent Change: +0.15%

$ABBV$APGE

Research39d ago

Daiwa Downgrades JD.com to Hold From Buy, Adjusts Price Target to $27 From $47

JD.com (JD) has an average rating of overweight and mean price target of $39.89, 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://finwires.com/en/contact)Price: $26.32, Change: $-0.70, Percent Change: -2.61%

$JD

Research39d ago

Daiwa Downgrades PDD to Hold From Buy, Adjusts Price Target to $80 From $145

PDD (PDD) has an average rating of overweight and mean price target of $118.72, 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://finwires.com/en/contact)Price: $76.35, Change: $-1.77, Percent Change: -2.26%

$PDD

US Markets39d ago

Carnival Issues Downbeat Fiscal Third-Quarter Earnings Outlook; Sees Robust Demand, Booking Trends

Carnival (CCL) provided a fiscal third-quarter earnings outlook below Wall Street's estimates on Tuesday, although the cruise operator recorded a surprise year over year profit increase in the previous three-month period and forecast robust demand and booking trends.The company anticipates adjusted earnings of about $1.35 a share for the ongoing quarter, while the current consensus on FactSet is for $1.42. Capacity is pegged to grow by 1.5% from the prior-year period.Carnival shares dropped 5.8% in Tuesday trade. The stock has lost 6.8% so far this year.However, Chief Executive Josh Weinstein said the company's booked position for the second half is higher than last year, "at historically high prices" in constant currency, despite operating amidst extreme geopolitical headwinds that mainly impacted its booking trends for European deployments especially in the Mediterranean region, which was closest in proximity to the Middle East conflict."The US and Iran last week signed a memorandum of understanding to end their war and reopen the crucial Strait of Hormuz."We are now 93% booked for the year with less inventory remaining for sale than this time last year and are on track for record net yields in the second half of 2026," according to Weinstein.For the quarter ended May, Carnival's adjusted EPS rose to $0.41 from $0.35 the year before, defying the Street's view for a decline to $0.34. Overall revenue improved to $6.66 billion from $6.33 billion, but fell short of the average analyst estimate of $6.69 billion."We achieved another quarter of record results, marking our twelfth consecutive quarter of record net yields and delivering over 20% more to the bottom line, overcoming extreme geopolitical headwinds and nearly 30% higher fuel costs," Weinstein said.Occupancy remained flat at 104% on a yearly basis. Customer deposits reached an "all-time high" of $9 billion, amid robust demand, according to the company.For fiscal 2026, Carnival now expects adjusted EPS of around $2.22, up from its prior guidance of $2.21. The Street is looking for $2.23. Capacity growth is seen at 1%, compared with the previous outlook for an increase of 0.9%."As conditions continue to normalize, we expect to benefit from the strong demand, pricing and operational improvements embedded throughout our business," according to Weinstein. "Recent booking trends already suggest that we are beginning to see a reversal of these headwinds, reinforcing our confidence in both the near-term outlook and the long-term earnings power of the business."Looking further ahead, the company sees strong demand for 2027 and beyond, the CEO added. Booking volumes and prices for future sailings have been "running ahead" of last year's levels since March, including a "substantial increase in bookings for our European deployments next year," Weinstein noted.Price: $28.36, Change: $-1.83, Percent Change: -6.06%

$CCL

Mining & Metals39d ago

Hydaway Digital's RealityChek Launches Liveness Detection Feature

Hydaway Digital's (HIDE.V) RealityChek platform launched a new Liveness Detection feature, the company said Tuesday.The Liveness checker allows the company to verify in real-time whether a person in a video stream or submission is a real person or an AI-generated deep fake, synthetic avatar, or pre-recorded replay attack, Hydaway added."Identity fraud is evolving faster than traditional verification systems can keep up with," said Chief Executive Officer Karl Kottmeier. "Deepfakes that could fool human reviewers a year ago can now be generated in seconds by anyone with a laptop. Our Liveness Checker is built to stay ahead of that curve - it's not just checking for a heartbeat, it's performing a deep forensic analysis of what it means to be genuinely, verifiably human in a digital interaction."The company's shares were last seen down C$0.01 to C$0.57 on the TSX Venture Exchange.Price: $0.57, Change: $-0.01, Percent Change: -1.72%

$HIDE.V

Wire39d ago

Chevron's Microsoft Power Deal Highlights 'Underappreciated' Fuel Cost Economics, UBS Securities Says

Chevron's (CVX) partnership with Microsoft (MSFT) to build a co-located power facility for a data center highlights fuel cost economics as a "key and underappreciated" aspect of its power solutions business, UBS Securities said in a note Monday.Chevron subsidiary Energy Forge One finalized the agreement to develop a 2.67-gigawatt natural gas-fired power plant to supply dedicated electricity to a Microsoft-operated data center under a 20-year power purchase agreement. Chevron will combine cycle gas turbines from GE Vernova (GEV) and simple cycle gas turbines from Caterpillar (CAT) to engineer the best system for its clients, the brokerage noted.By placing power generation near its upstream operations, Chevron is creating demand for associated gas that would otherwise be flared, curtailed, or sold cheaply, UBS analysts said. The company is improving its upstream realizations as well as boosting integration across its value chain, they added.The project's phased and modular approach allows incremental expansion over time, the brokerage said, adding that Microsoft is also seen increasing the initial order as its power needs are more than the capacity of the project.UBS Securities has a buy rating on Chevron's stock, with a price target of $220.Shares of Chevron were up 0.6% in Tuesday trading.Price: $176.11, Change: $+1.05, Percent Change: +0.60%

$CAT$CVX$GEV$MSFT

Oil & Energy39d ago

Chemical Markets Retreat as US-Iran Memorandum Improves Supply Outlook, TPH Energy Says

Chemical markets gave back some war-driven gains after the US and Iran signed a peace memorandum, with China methanol recording the sharpest weekly decline, TPH Energy strategists said in a Tuesday note.China methanol prices fell $68 per metric ton to $342/mt as traders anticipated higher exports from Iran and weaker demand from methanol-to-olefins producers, TPH Energy said.US polyethylene prices dropped 3 cents per pound to 55 cents/lb, extending last week's decline as the market continued to absorb a record May inventory build and softer export demand, according to the report.US polypropylene prices slipped 4 cents/lb to 59 cents/lb, a steeper decline than the 1 cent/lb drop in propylene, although both polyethylene and polypropylene remained 17 cents/lb above pre-war levels, TPH Energy said.US methanol held steady at $517/mt, or $183/mt above pre-war levels, while China methanol remained $80/mt above pre-war levels despite pressure from lower Chinese ethylene and polyethylene prices, the report said.

Wire39d ago

Truist Securities Lifts Price Target on Simon Property to $215 From $196, Maintains Hold Rating

Simon Property (SPG) has an average rating of overweight and mean price target of $216.11, 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://finwires.com/en/contact)Price: $216.70, Change: $+2.13, Percent Change: +0.99%

$SPG

Wire39d ago

Centene's Multi-Year Recovery Underway, RBC Says

Centene (CNC) is seeing clear early signs of recovery this year after a disruptive 2025, RBC Capital Markets said in a note Tuesday.Centene is progressing past a recent EPS trough, backed by factors including a Q1 adjusted EPS beat and a guidance raise to more than $3.40, which confirm that its "multi-year recovery is underway," according to the note.RBC said it expects the company's Medicaid margin recovery to proceed as rates are catching up to medical cost trends.The investment firm said it is also "encouraged" by the company's Marketplace margin outlook following pricing actions across Centene's Affordable Care Act book. It sees "tangible upside to 2026 EPS guidance if risk adjustment receivables hold."RBC noted, however, Centene's shares appear to be "appropriately pricing in the recovery at current levels" after rising roughly 100% since the end of March.The firm initiated coverage of Centene with a Sector Perform rating and a $70 price target.Price: $63.51, Change: $-0.17, Percent Change: -0.27%

$CNC

Wire39d ago

Molina Healthcare's Near-Term Path Remains Visible Despite Medicaid Rate Concerns, RBC Says

Molina Healthcare (MOH) has a clear path to earnings growth through 2027, supported by the reversal of Florida CMS startup costs, the exit from Medicare Advantage Prescription Drug plans and operating leverage from about $6 billion of new revenue, RBC Capital said in a Tuesday note.The analyst said management expects at least $4.50 per share in embedded 2027 earnings and RBC's 2027 adjusted EPS estimate of $9.60 is broadly in line with the company's outlook.At its 2026 Investor Day, Molina projected adjusted EPS of $25 and premium revenue of $64 billion by 2029, with upside to $30 per share if medical costs ease and rates improve more quickly, and downside to $20 per share if cost pressures persist, according to the report.The firm said achieving the 2029 target hinges largely on Medicaid rate recovery, with about $7.25 per share of expected earnings growth assuming improved reimbursement rates and a 5% medical cost trend.RBC initiated coverage of the stock with a sector perform rating and a price target of $216.Molina Healthcare shares were down 1.8% in Tuesday trading.Price: $193.82, Change: $-3.60, Percent Change: -1.82%

$MOH

Mining & Metals39d ago

Lake Victoria Gold Advances Construction at Imwelo Gold Project

Lake Victoria Gold (LVG.V) on Tuesday said it completed a sterilization-drilling program at the Imwelo Gold Project in Tanzania.The 23-hole drilling program confirmed a planned process plant and accommodation footprints are not over significant gold mineralization, allowing construction work on these areas to proceed, the company said.The program confirmed that known mineralization sits clear of the planned infrastructure. The gold-bearing trend is located to the south of the cleared areas."Confirming that we are not building over any potential mineralization gives us the confidence to advance civil works on these footprints, while the geotechnical information gathered along the way feeds directly into our foundation and camp design," chief executive Marc Cernovitch said.This work supports preparations for Phase 1 construction at Imwelo, which includes site clearing and access road upgrades.The company's shares were last seen down C$0.005 to C$0.275.Price: $0.28, Change: $+0.01, Percent Change: +1.85%

$LVG.V

Wire39d ago

Supreme Court Overturns Appeals Court in Torture-Claims Case Against Cisco

The US Supreme Court on Tuesday sided with Cisco Systems (CSCO), reversing a federal appeals court ruling that had allowed claims that the company aided human-rights abuses in China to proceed.The case was brought by Falun Gong practitioners who say Cisco helped Chinese authorities identify and detain them by developing surveillance technology used in the government's crackdown. They alleged the company and two executives were responsible for aiding violations of international law, including torture, forced labor and extrajudicial killing.Writing for the court, Justice Amy Coney Barrett said that while the allegations involve "heinous and inhumane acts," federal courts cannot create new causes of action to enforce international norms, and the relevant statute governing torture claims does not extend to aiding-and-abetting liability. "The judgment of the Court of Appeals is reversed," she wrote.Cisco didn't immediately reply to a request for comment from.Price: $119.63, Change: $-1.90, Percent Change: -1.56%

$CSCO

Showing 20041-20060 of 65262

Wire39d ago

Financial News · Live Terminal

Record Debt Issuance Highlights Provincial Funding Needs, But Financing Strategy Is Pragmatic, Says National Bank

Top Midday Stories: Energy Department to Provide $17.5 Billion in Loans for Nuclear Reactors; Oracle Shrank Workforce by 13% in Fiscal 2026

HawkEye's International Growth, Contracts in Focus, RBC Says

US Refining Indicators Weaken in June as Crack Spreads Soften, Q2 Gains Hold, TPH Energy Says

Tesla's Supervised Driver Assistance System is Being Assessed for Approval in Finland

Brookfield, Cameco Welcome U.S. Dept. of Energy's US$17.5 Billion Conditional Support for Nuclear Reactors

Bitzero Enters Land Reservation Agreement for New Finland Site

Market Chatter: US, Qatar Warn EU Methane Rules Could Trigger Gas Supply Shortages

Apogee Therapeutics' Acquisition by AbbVie Fairly Values Zumilokibart, UBS Says

Daiwa Downgrades JD.com to Hold From Buy, Adjusts Price Target to $27 From $47

Daiwa Downgrades PDD to Hold From Buy, Adjusts Price Target to $80 From $145

Carnival Issues Downbeat Fiscal Third-Quarter Earnings Outlook; Sees Robust Demand, Booking Trends

Hydaway Digital's RealityChek Launches Liveness Detection Feature

Chevron's Microsoft Power Deal Highlights 'Underappreciated' Fuel Cost Economics, UBS Securities Says

Chemical Markets Retreat as US-Iran Memorandum Improves Supply Outlook, TPH Energy Says

Truist Securities Lifts Price Target on Simon Property to $215 From $196, Maintains Hold Rating

Centene's Multi-Year Recovery Underway, RBC Says

Molina Healthcare's Near-Term Path Remains Visible Despite Medicaid Rate Concerns, RBC Says

Lake Victoria Gold Advances Construction at Imwelo Gold Project

Supreme Court Overturns Appeals Court in Torture-Claims Case Against Cisco

Record Debt Issuance Highlights Provincial Funding Needs, But Financing Strategy Is Pragmatic, Says National Bank

Top Midday Stories: Energy Department to Provide $17.5 Billion in Loans for Nuclear Reactors; Oracle Shrank Workforce by 13% in Fiscal 2026

HawkEye's International Growth, Contracts in Focus, RBC Says

US Refining Indicators Weaken in June as Crack Spreads Soften, Q2 Gains Hold, TPH Energy Says

Tesla's Supervised Driver Assistance System is Being Assessed for Approval in Finland

Brookfield, Cameco Welcome U.S. Dept. of Energy's US$17.5 Billion Conditional Support for Nuclear Reactors

Bitzero Enters Land Reservation Agreement for New Finland Site

Market Chatter: US, Qatar Warn EU Methane Rules Could Trigger Gas Supply Shortages

Apogee Therapeutics' Acquisition by AbbVie Fairly Values Zumilokibart, UBS Says

Daiwa Downgrades JD.com to Hold From Buy, Adjusts Price Target to $27 From $47

Daiwa Downgrades PDD to Hold From Buy, Adjusts Price Target to $80 From $145

Carnival Issues Downbeat Fiscal Third-Quarter Earnings Outlook; Sees Robust Demand, Booking Trends

Hydaway Digital's RealityChek Launches Liveness Detection Feature

Chevron's Microsoft Power Deal Highlights 'Underappreciated' Fuel Cost Economics, UBS Securities Says

Chemical Markets Retreat as US-Iran Memorandum Improves Supply Outlook, TPH Energy Says

Truist Securities Lifts Price Target on Simon Property to $215 From $196, Maintains Hold Rating

Centene's Multi-Year Recovery Underway, RBC Says

Molina Healthcare's Near-Term Path Remains Visible Despite Medicaid Rate Concerns, RBC Says

Lake Victoria Gold Advances Construction at Imwelo Gold Project

Supreme Court Overturns Appeals Court in Torture-Claims Case Against Cisco