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John Wiley & Sons Fiscal Q4 Adjusted Earnings, Revenue Rise

John Wiley & Sons (WLY) reported fiscal Q4 adjusted earnings Tuesday of $1.67 per diluted share, up from $1.37 a year earlier.An analyst polled by FactSet expected $1.65.Revenue for the quarter ended April 30 was $447.9 million, up from $442.6 million a year earlier.A single analyst expected $450 million.The company said it expects full-year fiscal 2027 adjusted earnings of $4.60 to $5.05 per diluted share. An analyst expects $4.75 per share.Price: $43.30, Change: $-0.03, Percent Change: -0.07%

$WLY

Commodities42d ago

Utility-Scale Solar Overtakes Natural Gas in California Power Generation, EIA Says

Utility-scale solar generation exceeded natural gas-fired electricity generation in the California Independent System Operator system during the first five months of 2026, marking a significant shift in the region's power mix, the US Energy Information Administration said in a Tuesday note.Solar electricity generation in CAISO rose 21% compared with the same period in 2024, while natural gas generation fell 60%.Utility-scale solar generated more electricity than natural gas on a daily basis on 82% of days between January and May 2026, up sharply from 21% of days during the same period in both 2024 and 2025.The change reflects substantial growth in renewable energy and storage capacity across the CAISO system.According to the Preliminary Monthly Electric Generator Inventory, utility-scale solar capacity increased 19% from April 2024 to April 2026, reaching 25 gigawatts.Net battery storage capacity expanded 79% over the same period to 16 GW. By contrast, natural gas generation capacity remained essentially unchanged at 29 GW. Overall net generating capacity increased 14%, or 11 GW.Battery storage systems, many of which are co-located with solar facilities, have played an increasingly important role in supporting grid operations.These systems store excess solar generation during midday hours and discharge electricity at night. Battery storage discharges during the first five months of 2026 were three times higher than in the same period of 2024.Despite increased output from solar and batteries and a 7% rise in electricity demand, CAISO's net electricity generation declined 19% over the period as imports from neighboring power systems doubled.The increase in imports was driven by the availability of lower-cost electricity from outside California.Hydroelectric imports from the Pacific Northwest rose as drought conditions eased in the region. CAISO also began receiving power in April from the newly commissioned SunZia wind project in New Mexico.Generator retirements also contributed to changes in the system's resource mix. Between May 2024 and May 2025, CAISO retired 555 megawatts of generating capacity, including a 300-MW battery storage facility that was damaged by a fire in January 2025.

Wire42d ago

Ares Said Near Deal to Take Control of Lyon Football Club, Bloomberg Reports

$ARES

Asia Markets42d ago

Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading

Asian equities traded in the US as American depositary receipts were lower Tuesday morning, down 0.80% at 2,874.96 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by fashion platform MOGU (MOGU), which climbed up 14%. It was followed by mobile app developer Cheetah Mobile (CMCM) and real estate management and digital technology company Eason Technology (DXF), which advanced 6.1% and 5.5% respectively.The decliners from North Asia were led by used car marketplace Uxin (UXIN) and online game developer The9 (NCTY), which fell 9.4% and 5.6% respectively. They were followed by mobile big data platform Aurora Mobile (JG) and electric vehicle maker NIO (NIO), which were down 4.1% and 3.3% respectively.From South Asia, the gainers were led by Canaan (CAN) and IT firm Infosys (INFY), which increased 4% and 3% respectively. They were followed by tech conglomerate Sea (SE) and lender HDFC Bank (HDB), which were up 1.7% and 1.6% respectively.The decliners from South Asia were led by IT firm Sify Technologies (SIFY), which dropped 9%, followed by IT firm Wipro (WIT), which was off 0.7%.

$CAN$CMCM$DXF$HDB$INFY$JG$MOGU$NCTY$NIO$SE$SIFY$UXIN$WIT

Wire42d ago

DoorDash Users Report Problems, Downdetector Reports

$DASH

Commodities42d ago

Two Iran-Linked Tankers Transit Eastward via Hormuz Strait, Bloomberg Analysis Shows

Two tankers associated with Iran are moving eastward through the Strait of Hormuz ahead of the signing of an interim peace deal between Iran and the US later in the week, which is expected to reopen a vital conduit, Bloomberg reported Tuesday, citing ship-tracking data.One of the vessels is in the Strait, while the other has already crossed the waterway and reached the Gulf of Oman, though it is still to exit the US blockade line, which extends from the easternmost tip of Oman to the Iran-Pakistan border, the report said.Both the fuel carriers had their transponders turned on while passing through the conduit.Iran is expected to reopen the Strait of Hormuz, while the US has committed to end its maritime blockade once the interim peace agreement is signed in Switzerland on Friday, the report said.Meanwhile, according to a Reuters report on Tuesday, the US military has overseen dozens of covert ship-to-ship oil transfers to keep Gulf energy exports moving, using drones and helicopters to guide waiting tankers.The operation near the Strait of Hormuz uses a ship-to-ship transfer method that Iran has long used to bypass sanctions. The transfers take place at two locations, off the coast of Fujairah in the UAE and near the Omani port of Sohar, the report said, citing 11 people familiar with the matter.At least 92 ships were part of the operation, which started in early May, Reuters reported, citing ship tracking data.Satellite images reviewed by Reuters showed 17 pairs of ships conducting oil transfers simultaneously at the two sites as recently as June 11, the report added.has reached out to the United States Central Command for a comment.

US Markets42d ago

Kroger Likely to Report In-Line First-Quarter Results, Maintain Outlook, Oppenheimer Says

Kroger's (KR) fiscal first-quarter results are expected to be largely in line with expectations for a softer start to the year, Oppenheimer said in a Tuesday note.The supermarket chain, which will release its quarterly results on Thursday, is also expected to reaffirm its full-year guidance, according to Oppenheimer analysts, including Rupesh Parikh.In March, Kroger projected adjusted earnings of $5.10 to $5.30 per share for fiscal 2026, compared to the current FactSet consensus of $5.23. It pegged full-year identical sales growth, excluding fuel, at 1% to 2%, taking into account a roughly 130 basis-point headwind from the Inflation Reduction Act, which reduces reimbursement rates on key medications. Same-store sales in fiscal 2025 grew 2.9%."We expect a largely in-line (first-quarter) delivery even with a more difficult grocery/pharmacy backdrop to start the year," Parikh wrote. "We believe management has already incorporated headwinds related to egg deflation, the Inflation Reduction Act, and (Supplemental Nutrition Assistance Program) when the company provided guidance in early March."Kroger's first-quarter identical sales, excluding fuel, would be near the low end of the full-year range, driven primarily by continued egg deflation, Chief Financial Officer David Kennerley said during the earnings conference call in March, according to a FactSet transcript.Oppenheimer is also projecting a 1% identical sales increase for the quarter, while Wall Street is looking for a 1.1% growth."We view this report as one of the most anticipated ones in a while as investors await a strategic update from new CEO Greg Foran on plans to more aggressively reduce prices," Parikh said. Foran took over in February.But with Kroger still evaluating recent efforts, Oppenheimer believes the company is unlikely to unveil new comprehensive strategic plans until later this year.The brokerage has a perform rating on the stock, without any price target."(Kroger) shares remain on our radar with valuation a key positive," Parikh said.Price: $63.67, Change: $-0.40, Percent Change: -0.62%

$KR

Research42d ago

BofA Securities Upgrades Kilroy Realty to Buy From Neutral, Adjusts Price Target to $44 From $42

Kilroy Realty (KRC) has an average rating of hold and mean price target of $36.08, 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: $38.68, Change: $+0.31, Percent Change: +0.81%

$KRC

Mining & Metals42d ago

Globex Mining Enterprises Reports High-Grade Gold Intersections at Duquesne West

Globex Mining Enterprises (GMX.TO) said Tuesday that Emperor Metals Inc (AUOZ.CN) has reported continued intersections of high-grade gold across significant widths on the Duquesne West gold property located in the Abitibi of Quebec under option from Duparquet Assets Ltd. 50% owned by Globex.Latest assays from hole DQ 26-20 within the conceptual Main Pit intersected 61.5 g/t Au over 15.0 meters with several occurrences of visible gold, stated the company.The intersection is primarily made up of two adjoining assays of 557.5 g/t over 1.4 meters and 100.9 g/t Au over 1.0 metre but occur within a wide 35.8 meter halo of lower but anomalous gold values which presents an overall intersection of 26.09 g/t Au over 35.8 meters, it said."Interestingly, the new high-grade intersection occurs 35 meters down plunge from a 1995 historical hole by Sante-Fe Canadian Mining which in Hole DQ95-21 intersected 20.9 g/t Au over 16.0 meters," added the company. "Of note also reported from the current drill program was hole DQ 26-36 located east of the conceptual pit which returned 7.9 g/t Au over 1.5 metres and 0.5 g/t Au over 28.0 meters."Globex's shares were last seen unchanged at $1.96 on the Toronto Stock Exchange, while Emperor Metals' shares were last seen up $0.03 or 15% at $0.23 on the Canadian Securities Exchange.

$AUOZ.CN$GMX.TO

Mining & Metals42d ago

Graycliff Exploration to Raise $2.8 Million Via LIFE Financing

Graycliff Exploration (GRAY.CN) launched a non-brokered private placement offering of up to 8-million units at $0.35 apiece, for up to $2.8 million, it said on Tuesday.Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to buy a share for $0.55 for a one-year period from the date of issuance, provided the warrants may not be exercised for a period of 60 days from the date of issuance.Proceeds will be used to advance exploration activities at its Shakespeare property, as well as for general corporate purposes and administrative expenses. The offering is scheduled to close on or about June 30.Shares of the company were last seen up 6.8% at $0.395 on the Canadian Securities Exchange.Price: $0.40, Change: $+0.03, Percent Change: +6.76%

$GRAY.CN

Commodities42d ago

Hormuz Crisis Exposes Southeast Asia's Energy Vulnerabilities, IEA Says

Southeast Asia must accelerate efforts to diversify its energy supplies and strengthen regional cooperation after disruptions in the Strait of Hormuz exposed deep vulnerabilities in the region's energy system, the International Energy Agency said on Tuesday.The IEA said in its 2026 Southeast Asia Energy Outlook that the Middle East conflict and the near shutdown of energy shipments through the strategic waterway have underscored the risks facing one of the world's fastest-growing energy markets.The region relies heavily on Middle Eastern crude, with about 60% of its oil imports originating from the Gulf.The IEA said that half of the oil products refined or consumed across Southeast Asia are derived from Middle Eastern crude, leaving economies vulnerable to supply disruptions and price shocks.The agency said the ongoing conflict has already triggered shortages of petrochemical feedstocks, chemical products and liquefied petroleum gas used by millions of households for cooking.Though governments have responded with emergency measures to reduce demand, including encouraging remote work, the IEA said policymakers must look beyond short-term fixes and address structural weaknesses in Southeast Asia's energy system."Southeast Asia is a crucial region shaping global energy trends and set to account for 20% of the growth in the world's energy demand over the next decade, second only to India", said Fatih Birol, IEA executive director.He added that the energy crisis has exposed structural weaknesses in Southeast Asia's energy sector that need to be addressed rapidly and robustly.The IEA forecasts that Southeast Asia's energy import bill will reach $160 billion this year, and could climb to $400 billion by mid-century under current policy settings, equivalent to about 5% of regional economic output.The agency points to diversification as a key strategy, with countries increasingly turning to domestic energy resources and renewable power. Renewable generation capacity is projected to nearly triple within the next decade under existing policies, while solar deployment is showing signs of accelerating.The 2026 Southeast Asia Energy Outlook report shows that the Philippines emerged as the second-largest destination for Chinese solar exports during the first quarter of 2026, with imports about three times higher than a year ago.Coal is also expected to receive renewed support as governments prioritize energy security. However, the IEA said that nuclear power is gaining attention as a longer-term option despite concerns over costs and lengthy construction timelines.Electricity is expected to play a key role in Southeast Asia's energy transition. Power demand is set to grow at twice the pace of overall energy consumption and is projected to rise through 2050 as populations expand, economies industrialize and demand for cooling increases.The stock of residential air conditioners across Southeast Asia is also set to triple by 2035, while electric vehicle adoption is accelerating.The IEA said one in five cars sold in the region is now electric, with governments considering additional incentives to reduce dependence on imported fuels.

Commodities42d ago

Market Chatter: Coal Market Tightens After Shanxi Accident, Indonesia Export Changes

Coal prices could remain supported amid supply disruptions in China and Indonesia, alongside energy market volatility linked to the Iran conflict, according to a Reuters report on Tuesday.After the Iran war disrupted traffic through the Strait of Hormuz, utilities in Japan and South Korea increased purchases of higher-quality coal as the availability of liquefied natural gas tightened.The shift in buying helped lift Newcastle coal prices above $150 per metric ton, close to the strongest levels seen in nearly two years, the report said.China and India had curbed demand for lower-grade Indonesian coal by relying on ample inventories and renewable generation, but a deadly mine accident in Shanxi has since tightened coal supply in China.As domestic output tightens, China could import 27.8 million metric tons of thermal coal in June, up 27.6% from a year earlier, the report added, citing DBX Commodities Chief Executive Officer Alexandre Claude.Supply concerns intensified further after Indonesia moved to place coal exports under a new state-owned entity, Danantara. Claude said shrinking inventories and constrained seaborne supply leave prices vulnerable to further gains.Production from Indonesia's thermal coal sector fell 7% over the year during January through April, while exports could slide roughly 11% this year to 446 million tons if current trends continue, McCloskey's Scott Dendy said, according to the report.Growing electricity demand across Southeast Asia is adding pressure to coal markets. Hot weather has lifted consumption in Vietnam and the Philippines, while Thailand may increase imports as tighter gas supplies limit alternatives, the report added, citing I-Energy Resources Director Vasudev Pamnani.Rystad Energy estimates the fallout from the Iran conflict alone could add another 70 million tons of coal demand across Asia-Pacific markets in 2026, according to a June research note cited by the report.At the same time, Argus expects global coal supply to fall 5.7% next year to 985 million tons. Analysts also expect El Nino weather conditions to strengthen electricity demand and support additional coal consumption.Drought-like conditions in northern China could reduce hydropower generation, while hotter weather may increase air-conditioning demand, Nanjing University associate professor Peng Qihua said. Lower hydropower output typically boosts coal consumption in China, the report said.Supply-side pressures are also affecting major exporters. McCloskey's Scott Dendy said Russian coal output has weakened as a stronger rouble and higher transportation costs leave roughly two-thirds of producers operating at a loss.Although Australia could increase exports this year, higher mining expenses and constrained diesel supplies may limit growth. Meanwhile, Indian buyers are showing greater interest in South African cargoes, but DBX expects vessel clearance and shipping delays to weigh on June exports.(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.)

Mining & Metals42d ago

Diagnos Submits Modified And Updated Application to Health Canada For CARA Platform

Diagnos (ADK.V) has submitted a modified and updated application for a Class II medical device licence for its CARA System platform to Health Canada, the company said on Tuesday.The revised application follows detailed guidance from Health Canada last year.By integrating image enhancement and an interpretability tool directly into the clinical workflow, CARA delivers detailed analytical insights that support clinical findings during comprehensive examinations, ensuring practitioners always remain the final authority on patient care, a statement said.Diagnos shares were last seen unchanged at $0.195 on the TSX Venture Exchange.

$ADK.V

Wire42d ago

Massimo Group Receives Purchase Orders From Defense Department, US Army

Massimo Group (MAMO) said Tuesday it won purchase orders for its vehicles from the US Department of Defense and the US Army.Financial terms as well the number and details of vehicles were not provided.The company said it will supply vehicles to support facility operations, maintenance, and logistics activities, with the required models expected to become available in July.Shares of the company were down 1.6% in Tuesday trading.Price: $0.94, Change: $-0.02, Percent Change: -1.63%

$MAMO

Commodities42d ago

Queensland Renewable Project Scaled Back, Redesigned as Hybrid Energy Hub

Plans to develop what was once proposed as the largest wind farm on Australia's main electricity grid have been significantly scaled back and redesigned into a hybrid renewable energy project in north Queensland, Bogunda Energy Hub said in an announcement Tuesday.Renewable Energy Partners this week launched a website for its proposed Bogunda Energy Hub, almost two years after first unveiling plans for a wind development of up to 5 gigawatts near Hughenden in the state's north.The revised project will combine up to 850 megawatts of wind generation, 500 MW of solar capacity and a 500 MW battery energy storage system with four hours of storage.The development is planned alongside Powerlink's CopperString transmission project, which is designed to connect Queensland's North West Minerals Province to the state's main electricity grid.REP said the project, which retains the name "Bogunda," meaning "big wind" in the local Yirandhali language, remains in the early stages of development. Ecological surveys and grid connection studies are expected to begin shortly."The site is ideally located adjacent to Powerlink's CopperString project which is set to be complete by 2032 (subject to approvals) and will connect North West Queensland to the National Electricity Market," REP said on the project website.According to the company, the completed development would comprise 136 wind turbines, over 714,000 solar panels and a large-scale battery energy storage system. REP estimates the facility would generate enough electricity to supply more than 500,000 Queensland households.

Wire42d ago

Market Chatter: Senators Ask NHTSA to Review Tesla's 'Full Self-Driving' Safety Data

Senators Edward Markey (D-Mass.) and Richard Blumenthal (D-Conn.) on Monday asked the US National Highway Traffic Safety Administration to examine Tesla's (TSLA) self-published crash statistics for its "Full Self-Driving" system, Reuters reported Tuesday.In their letter to the NHTSA, the senators cited an earlier Reuters investigation that found that Tesla was exaggerating its safety claims, the report said.Markey and Blumenthal asked the NHTSA to respond to a series of questions by July 7, the report said.Tesla and the NHTSA didn't immediately reply to requests 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: $403.32, Change: $-7.83, Percent Change: -1.90%

$TSLA

Wire42d ago

Correction: --Earnings Flash (WLY) John Wiley & Sons Posts Fiscal Q4 Total Net Revenue $447.9M, vs. FactSet Est of $450M

$WLY

Wire42d ago

Cognizant Expands Rubrik Alliance to Support Enterprise AI Governance

Cognizant Technology Solutions (CTSH) said Tuesday it expanded its alliance with Rubrik to help enterprises run autonomous AI safely at scale.As a launch partner for Rubrik's Project Hourglass, an initiative with global systems integrators aimed at delivering agentic resilience for enterprise AI coding agents, Cognizant intends to be among the first global systems integrators to operationalize the offering as a governance layer within its delivery platforms.The companies said the integration will embed Rubrik Agent Cloud within Cognizant Neuro AI and AI Factory to provide visibility into AI agent actions, policy enforcement and rollback capabilities for unintended actions.Price: $50.88, Change: $+0.06, Percent Change: +0.12%

$CTSH

Wire42d ago

Update: Market Chatter: Netflix Interested in Buying Lionsgate Studios

(Updates with Lionsgate Studios' response to a request for comment in the last paragraph.)Netflix (NFLX) is one of several media companies interested in acquiring Lionsgate Studios (LION), Semafor reported Tuesday, citing a person familiar with the matter.Neither Netflix nor the other companies have put in a formal indication of interest, the report said, citing the person.Lionsgate declined to comment to, while Netflix didn't immediately reply to a request 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: $78.97, Change: $-2.70, Percent Change: -3.31%

$LION$NFLX

Wire42d ago

Laser Photonics Delivers First Robotic Cleaning Cell to Vander-Bend Manufacturing

Laser Photonics (LASE) said Tuesday it delivered its first robot laser cleaning cell to Vander-Bend Manufacturing under a $0.8 million purchase contract.The contract marks the company's entry into the data center infrastructure supply chain as Vander-Bend is a producer of components for data centers of hyperscalers, according to a statement.Vander-Bend will deploy the Laser Photonics' robotic system to automate a pre-weld processing step in the production of zinc-coated sheet metal panels, the company said.Price: $2.23, Change: $+0.26, Percent Change: +12.94%

$LASE

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Commodities42d ago