Financial News · Live Terminal

Page 1029 of 3255

Truist Securities Raises Incyte Price Target to $105 From $103, Hold Rating Kept

Incyte (INCY) has an average rating of overweight and mean price target of $111.95, 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: $102.32, Change: $+4.10, Percent Change: +4.17%

$INCY

Wire38d ago

Cantor Fitzgerald Adjusts Robinhood Markets Price Target to $130 From $110

Robinhood Markets (HOOD) has an average rating of overweight and mean price target of $103.20, according to analysts polled by FactSet.Price: $106.84, Change: $-1.31, Percent Change: -1.21%

$HOOD

Sectors38d ago

Sector Update: Financial

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.7%.The Philadelphia Housing Index was shedding 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.6%.Bitcoin (BTC-USD) was adding 0.8% to $64,585, and the yield for 10-year US Treasuries was rising 5.8 basis points to 4.509%.In corporate news, Morgan Stanley (MS) has identified two sites within the city of Dallas for a phased approach to establishing a large-scale operational hub, according to a city document. Morgan Stanley shares rose 2%.

$MS

Asia Markets38d ago

Exchange-Traded Funds, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded fund IWM rose and IVV edged lower. Actively traded Invesco QQQ Trust (QQQ) shed 0.5%.US equity indexes traded mixed amid steep declines in communication services and consumer discretionary in Monday's midday trading.EnergyIShares US Energy ETF (IYE) rose 1.3%, and the State Street Energy Select Sector SPDR (XLE) added 1.2%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose fractionally; iShares US Technology ETF (IYW) fell 0.4%, and iShares Expanded Tech Sector ETF (IGM) was down 0.7%.The State Street SPDR S&P Semiconductor (XSD) advanced 1.7%, and iShares Semiconductor (SOXX) gained 1.5%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) climbed 1.9%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2%.CommoditiesCrude oil fell 2.9%, and the United States Oil Fund (USO) slipped 2.7%. Natural gas climbed 1.6%, and the United States Natural Gas Fund (UNG) was up 1.6%.Gold on Comex eased 1%, and the State Street SPDR Gold Shares (GLD) fell 0.8%. Silver was down 1%, and iShares Silver Trust (SLV) shed 0.5%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) rose 0.1%. The Vanguard Consumer Staples ETF (VDC) added 0.1%, and iShares Dow Jones US Consumer Goods (IYK) was up 0.1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) dipped 1.2%. VanEck Retail ETF (RTH) fell 0.8%, and the State Street SPDR S&P Retail (XRT) was down 0.3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 1.2%, iShares US Healthcare (IYH) added 1%, and Vanguard Health Care ETF (VHT) was up 1.2%. IShares Biotechnology ETF (IBB) gained 1.9%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.9%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) rose 0.8%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) gained 2.6%, ProShares Ether ETF (EETH) was up 2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 3.8% higher.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Sectors38d ago

Sector Update: Tech

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) adding 0.04% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 1.7%.The Philadelphia Semiconductor index rose 1%.In corporate news, STMicroelectronics (STM) shares gained 1.9% after the company said it released a new 3-dimensional light detection and ranging module designed for AI applications on small computing devices.

$STM

Sectors38d ago

Trump Says Iran Will Agree to Weapons Inspections 'Long Into Future'

Wire38d ago

Arrowhead Reports Marketing Authorization for Redemplo in EU

Arrowhead Pharmaceuticals (ARWR) said Monday the European Commission has granted marketing authorization for Redemplo as an adjunct to diet to reduce triglyceride levels in adults with familial chylomicronemia syndrome.The approval was supported by positive phase 3 Palisade trial data, the company said.Shares were up over 1% in afternoon trading.Price: $82.98, Change: $+1.16, Percent Change: +1.42%

$ARWR

Sectors38d ago

Sector Update: Energy

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each adding 1.1%.The Philadelphia Oil Service Sector Index increased 0.2%, and the Dow Jones US Utilities Index rose 0.8%.Oil prices fell after reports that Iran has agreed with the US to allow international nuclear inspectors back into the country. US Vice President JD Vance said Monday that Iran agreed to admit inspectors from the International Atomic Energy Agency in the country, according to media reports.Front-month West Texas Intermediate crude oil fell 2.9% to $73.69 a barrel, and the global benchmark Brent crude contract dropped 3.4% to $77.86 a barrel. Henry Hub natural gas futures advanced 1.9% to $3.29 per 1 million BTU.In corporate news, Chevron (CVX) has agreed to build a power plant in West Texas to supply electricity to a data center operated by Microsoft (MSFT), as part of a 20-year power purchase deal. Chevron shares rose 0.9%.

$CVX

Oil & Energy38d ago

EMEA Oil Update: Crude Drops After US-Iran Deal Progress, Sanctions Waiver

EMEA crude futures fell in after-hours trading on Monday after US and Iranian officials touted progress in peace negotiations, and Washington waived sanctions on Iranian energy exports through August.Brent crude futures dropped by 3.6% to $77.66 per barrel, while Murban crude futures retreated 4.3% to $70.80/bbl.EBW AnalyticsGroup strategists said Brent crude for August delivery is expected to trade between $75.50 and $83.50/bbl over the next seven to 10 days, with a target price of $77.50.The analysts forecast that prices could moderate to a range of $67.50 to $79.50 by September, while November contracts are seen drifting lower toward a target of $73.50/bbl.The US Treasury Department said on Monday that Washington has authorized the sale of Iranian oil and fuels as part of an agreement to end the Middle East conflict.The Treasury issued a 60-day license that allows Iran to sell its energy products through Aug. 21 and make payments in US dollars. The waiver also allows for the importation of Iranian crude oil and other petrochemical and petroleum products into the US."In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency inspectors into their country," US Treasury Secretary Scott Bessent said in a post on X.On Monday, Vice President JD Vance reportedly said that talks between the US and Iran have made "great progress" despite "threatening" and "whining.""Yes, there was a little bit of threatening, there was a little bit of whining, but at the end of the day, the talks continued, and we made great progress," Vance said in a media address in Burgenstock, Switzerland.Earlier, Iranian authorities said the talks had yielded "major progress." Iranian Foreign Minister Abbas Araghchi described the talks as having delivered "major progress," noting that Tehran had secured waivers for oil and petrochemical exports, lifting of the blockade on its ports, and the release of some frozen assets.Saxo Bank strategists said that the market continues to price in the prospect of an eventual reopening of the Strait of Hormuz and the release of millions of barrels currently stranded in the Persian Gulf.Meanwhile, the latest shipping data show an uptick in oil and liquefied natural gas tanker traffic through the Strait of Hormuz over the 19-21 June period, though overall flows remain below pre-conflict levels despite a partial easing of restrictions.Soojin Kim, research analyst at MUFG, said that producers, including Kuwait and ADNOC, have already begun preparing for higher exports, as the full reopening of the Strait is expected to release significant volumes of stranded crude.Kpler said a total of 71 confirmed vessel transits via the strategic waterway, with activity peaking at 35 crossings on Saturday.The data analytics firm said commercial crossings have resumed, with Automatic Identification System transponders switched on more consistently than during the recent disruption, indicating improved confidence among operators.

Mining & Metals38d ago

Lion Copper and Gold Appoints Maria Paredes as Chief Financial Officer

Lion Copper and Gold (LEO.CN) on Monday said it appointed Maria Milagros Paredes as chief financial officer, effective immediately.She succeeds Lei Wang who remains with the company as an advisor.Paredas most recently served as chief financial officer of Mako Mining (MKO.V), Lion Copper said.Lion Copper shares were last seen up $0.015, or 6.5%, to $0.25 on the Canadian Securities Exchange.Price: $0.25, Change: $+0.02, Percent Change: +6.52%

$LEO.CN

Mining & Metals38d ago

Competition Bureau to Advance Investigation Into Empire's Use of Canada Property Controls

Canada's Competition Bureau said on Monday that it obtained court orders to advance its investigation into Empire Company's (EMP-A.TO) use of property controls to assess whether their practices harm competition in the retail grocery industry.In a statement, the bureau said the Federal Court's orders require Empire -- the parent company of Sobeys, Farm Boy, Safeway, IGA, Foodland and FreshCo, among others -- to produce records, written information and oral testimony relevant to their investigation.The bureau said the new orders will provide additional information about the scope of Empire's practices in Canada, including how the company negotiates property controls and their potential impacts on competition. The bureau said there "is no conclusion of wrongdoing at this time."Empire didn't immediately reply to' e-mailed request for comment.Shares of the company were last seen down 1% on the Toronto Stock Exchange.Price: $50.32, Change: $-0.56, Percent Change: -1.10%

$EMP-A.TO

Commodities38d ago

EMEA Natural Gas Update: Prices Mixed as Peace Talks, Heatwave Push Prices

European natural gas futures were mixed in after-hours trading on Monday. Dutch gas prices rose, supported by stronger cooling demand across Europe, while UK gas prices edged lower amid signs of progress in US-Iran negotiations, raising hopes of reduced energy market uncertainty.The Dutch TTF front-month contract edged up by 0.257% to 42.20 euros ($48.22) per megawatt hour, while the UK NBP front-month contract lost 0.327% to trade at 100.73 pence ($1.33) per therm.Market sentiment was influenced by developments in talks between Washington and Tehran. US Vice President JD Vance said on Monday that Iran had agreed to allow International Atomic Energy Agency inspectors back into the country as negotiations continue.Speaking in Burgenstock, Switzerland, Vance said the Trump administration remained committed to pursuing a peace agreement despite renewed tensions over the weekend following President Donald Trump's threat to resume strikes on Iran. Also on Monday, the US Treasury Department issued a temporary general license suspending sanctions on Iranian oil exports through Aug. 21.However, in Qatar, 13 Indian and Pakistani workers were killed, and dozens were injured on Sunday after an explosion at the Ras Laffan LNG complex while workers were restarting operations halted following an Iranian attack in March. Authorities described the incident as a technical accident at the Barzan gas supply facility.Qatar has begun returning empty LNG tankers to support a gradual recovery in exports. However, only one known laden LNG vessel has transited the key shipping route since the latest US-Iran agreement took effect, ANZ analyst Daniel Hynes said in a note.Weather also remained a key driver. Heat alerts were issued across 26 European countries as one of the region's most severe June heatwaves on record boosted air-conditioning demand. Severe Weather Europe said temperatures are expected to rise further in the coming days.Asian LNG demand has also strengthened as warmer weather increases cooling needs, Hynes said. The competition for cargoes comes as Europe seeks to rebuild stocks ahead of winter. European gas storage sites were 46.4% full, compared with 55.4% a year earlier, according to Gas Infrastructure Europe data. Inventories also remain below the five-year average of 60.9%.

Commodities38d ago

Russia Refining Outages Top 1 Million b/d as Drone Attacks Disrupt Fuel Supply, TPH Energy Says

Russia has about 1 million barrels per day of refining capacity offline after drone attacks disrupted over 20% of the country's 5.4 million barrels per day refining system, TPH Energy strategists said in a Monday note.Recent Ukrainian drone strikes hit the 247,000 b/d Gazprom Neft refinery in Moscow and the 181,000 b/d Antipinsky refinery in western Siberia. Some of the targeted facilities sit over 2,000 kilometers from Ukraine, according to TPH Energy.Russian refinery runs averaged 4.3 million b/d in June 2026, down from 5.2 million b/d a year earlier, highlighting the impact of the outages, TPH Energy added, citing Bloomberg data.The supply disruptions have created fuel shortages across Russia. Authorities have restricted retail fuel purchases, while some filling stations have reported long lines and gasoline shortages.Russia stopped exporting gasoline in April but continues to supply about 700,000 b/d of diesel to global markets. TPH Energy said lower Russian refining output should support global refining margins and benefit US refiners.

Sectors38d ago

Sector Update: Consumer

Consumer stocks were mixed Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) falling 1.2%.In corporate news, Lucid (LCID) shares fell 4.6% after the company on Monday disclosed plans to cut 18% of its workforce, as part of a plan to streamline its structure and boost profitability.

$LCID

Japan38d ago

Update: US Equity Indexes Mixed Amid Steep Decline in Communication Services

(Updates with index/price moves and political/company news from the first paragraph.)US equity indexes traded mixed amid steep declines in communication services and consumer discretionary in Monday's midday trading.The Nasdaq Composite dropped 1.2% to 26,208.5, with the S&P 500 down 0.3% to 7,478.8, while the Dow Jones Industrial Average rose 0.4% to 51,774.9.All sectors, except communication services, consumer discretionary, and technology, gained. Real estate and healthcare led the gainers. Communication services sank 4.5%, and consumer discretionary was down 1.9%.Alphabet (GOOG, GOOGL) Google DeepMind data scientist and Nobel Prize winner John Jumper is leaving to join Amazon (AMZN) and Alphabet-backed Anthropic, he said Friday. Shares of Alphabet slumped 6% intraday.In geopolitical news, US Vice President JD Vance said Monday that Iran agreed to allow International Atomic Energy Agency inspectors into the country, according to media reports. "That is a major milestone for the American people, and the first step in permanently denuclearizing or permanently ending a nuclear weapons program in Iran, and that's exactly what we wanted to do," Vance was cited as saying.Front-month global benchmark North Sea Brent slumped 3.8% to $77.48 per barrel. The US West Texas Intermediate dropped 3.2% to $73.45 per barrel.

Dow JonesNasdaq CompositeS&P 500$AMZN$GOOG$GOOGL

Sectors38d ago

Sector Update: Healthcare

Healthcare stocks were higher Monday afternoon, with the NYSE Healthcare Index rising 1.3% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.2%.The iShares Biotechnology ETF (IBB) climbed 1.7%.In corporate news, AbbVie (ABBV) has agreed to acquire Apogee Therapeutics (APGE) in an all-cash deal worth about $10.9 billion, as the drugmaker looks to strengthen its immunology portfolio and accelerate its clinical presence in the respiratory segment. AbbVie shares jumped 7%, and Apogee surged 46%.

$ABBV$APGE

Commodities38d ago

Gulf Coast Heavy Crude Spreads Diverge Amid Supply Constraints, TPH Says

US Gulf Coast heavy crude markets are showing signs of divergence as widening discounts for Mexico's Maya blend clash with tightening supplies of Western Canadian Select, TPH Energy strategists said in a note on Monday.Matthew Blair, TPH Energy analyst, said that the market for Maya crude has weakened, with state-owned Pemex widening its discretionary "K factor" price adjustment to a $ 9.20-per-barrel discount for July, steeper than the $8.15 set in June and $4.35 in May.TPH analysts forecast that the move will push Maya-Brent differentials toward a $9.71/bbl discount at the start of Q3, a notable shift from the $7.58 average seen in Q2.The broader heavy crude landscape has been volatile in 2026. TPH said differentials widened in Q1 as additional barrels from Venezuela entered the market, but narrowed in Q2 as regional supplies tightened due to reduced Middle Eastern sour crude shipments.Simultaneously, WCS at Houston has seen its discount to Brent narrow significantly to $7.52 in June, down from $15.12 recorded in May.Market participants attribute this tightness in Canadian heavy crude to supply-side constraints at the source. TPH said unfavorable wet weather in Canada has hindered oil sands operations, compounded by an unplanned outage at Cenovus Energy's (CVE) Foster Creek and Christina Lake assets.The bank said the shifting dynamics in heavy crude pricing carry significant implications for Gulf Coast refiners, specifically Valero Energy (VLO), PBF Energy (PBF), Phillips 66 (PSX), and Marathon Petroleum (MPC).Price: $25.68, Change: $+0.52, Percent Change: +2.05%

$CVE$MPC$PBF$PSX$VLO

Wire38d ago

Carnival Under Investigation by Texas Attorney General Over Data Breach

Carnival (CCL) is under investigation following an April data breach that compromised personal information of about 6 million people, Texas Attorney General Ken Paxton said in a statement Monday.On April 14, Carnival's security team determined that social engineering techniques were used to deceive an employee and the unauthorized actor gained access to consumers' personal information, according to the statement.Carnival submitted a data breach notification to the Office of the Attorney General 44 days after the breach, indicating that 800,060 Texas consumers were affected by the breach, per the statement.Carnival did not immediately respond to a request for comment from.Price: $30.54, Change: $-0.33, Percent Change: -1.07%

$CCL

Wire38d ago

Market Chatter: Uber Board Sued by Shareholders Over Alleged Compliance Failures

Uber Technologies (UBER) was sued Monday by shareholders who accused the ride-sharing company's board of ignoring warnings about compliance failures that allegedly contributed to thousands of sexual assault and harassment lawsuits, Reuters reported Monday.The complaint, filed in San Francisco federal court, alleges directors failed to address sexual abuse by drivers despite repeated warnings.The derivative lawsuit names Chief Executive Dara Khosrowshahi among the defendants and seeks to require directors to reimburse Uber for alleged breaches of fiduciary duties and violations of federal securities law.Shareholders also cited alleged oversight failures related to federal lawsuits accusing Uber of refusing to serve disabled passengers and engaging in deceptive billing and cancellation practices, the report added.Uber 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: $72.08, Change: $+0.44, Percent Change: +0.61%

$UBER

Wire38d ago

Petrobras Approves $1.2 Billion Renewable Fuels Project in Brazil

Petrobras (PBR) said Friday its board approved a final investment decision for a biorefining project with an investment of about $1.2 billion at its Presidente Bernardes refinery in Sao Paulo state.The plant will have a production capacity of up to 15,000 barrels per day of bio-jet fuel and renewable diesel, with operations expected to begin in 2030, the company said.Petrobras said construction is expected to start by the end of 2026, and the project is included in its 2026-2030 business plan.Price: $16.87, Change: $+0.12, Percent Change: +0.72%

$PBR

Showing 20561-20580 of 65092

Oil & Energy38d ago