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Allied Announces June 2026 Distribution

Allied Properties Real Estate Investment Trust's (AP-UN.TO) trustees declared a distribution of $0.06 per unit for the month of June 2026, unchanged from the prior month, it said on Monday.The distribution will be payable on July 15, 2026, to unitholders of record as at June 30, 2026.Price: $10.00, Change: $-0.01, Percent Change: -0.10%

$AP-UN.TO

Mining & Metals43d ago

Stifel Canada on Implications of CircleMedical Resolution For WELL Health

WELL Health Technologies (WELL.TO) reported last Friday that a billing investigation involving CircleMedical has been resolved with the North District of California for a US$3.3 million payment and "no admission of wrong doing", notes Stifel Canada.Analyst Justin Keywood, who is maintaining a buy rating and $8.25 price target on the shares of Well Health, says the resolution could preempt a sale for CircleMedical, which is estimated to be worth ~C$30 million to C$45 million in proceeds (WELL holds 71%). While a relatively small asset, a divestiture could act as a catalyst in highlighting WELL's pure-play pursuit and Canadian healthcare consolidation model, Keywood adds.WELL has publicly stated it intends to divest some or all of its U.S. assets, including CRH Medical, WISP and Circle Medical.CircleMedical is a primary care platform and tech-enabled medical practice, providing virtual care across 26 U.S. states and in-person care through physical facilities at 27 locations.Price: $4.57, Change: $+0.02, Percent Change: +0.44%

$WELL.TO

Commodities43d ago

European Commission Chief Welcomes US-Iran Deal but EU Needs to Diversify Away From Hormuz Energy

President of the European Commission Ursula von der Leyen has welcomed the preliminary agreement reached between Iran and the US and called for the restoration of toll-free traffic through the Strait of Hormuz waterway, according to a statement issued on Monday.The sides intend to sign the preliminary deal in Switzerland on Friday and then proceed to a 60-day negotiation period to hammer out details, most of which relate to Iran's nuclear programme, according to media coverage of the peace breakthrough.Calling for Lebanon's territorial sovereignty to be respected, von der Leyen said the agreement "opens the door to broader negotiations on peace and security in the Middle East," she said.The deal "should end" Iran's nuclear and ballistic missile programmes and "destabilizing activities" in the region, she said, noting that "energy dependencies have been weaponised".She reiterated the EU's determine to diversify its energy supply to diversify away from "the bottleneck of Hormuz".

Wire43d ago

Ferrari's Brand Remains Intact, Poised to Benefit From K-Shaped Economy, Morgan Stanley Says

Ferrari's (RACE) brand remains intact, with residuals bottoming and wealth creation optionality in a K-shaped economy supporting a re-rating of the stock, Morgan Stanley said in a Monday research report.Brand risks appear overstated and the company's Luce electric vehicle risks are likely priced in, analysts wrote, adding that disciplined allocation can limit any brand damage while leaving option value with new customers.The initial de-rating was driven by concerns around hybrid residual values and the launch of Luce, but channel checks show the market has gone too far in labelling these factors as terminal brand risk, according to the note.Residual values were the top concern earlier, especially for hybrid models, but current trends imply that the negative residual cycle has mostly troughed, the brokerage stated.The brokerage said it upgraded the stock to overweight from equalweight and boosted its price target to $438 per share from $388.Price: $373.34, Change: $+18.43, Percent Change: +5.19%

$RACE

Treasury43d ago

Vast Majority of Small Firms in Canada Don't Feel Supported by the Government, Says CFIB

Nearly three in four (73%) of small firms say they don't feel supported by the Canadian federal government, and the spring session did little to change that, according to the Canadian Federation of Independent Business (CFIB).While the spring economic update contained a few positive measures, such as a reduction in Canada Pension Plan (CPP) premiums and the Employee Ownership Trust tax exemption being made permanent, it didn't do much to improve small business conditions, noted CFIB on Monday.Most (58%) small firms continue to feel pressure from rising fuel costs, with taxes squeezing margins for nearly half (48%), it stated.Four in 10 also say economic/political uncertainty and other operating costs are making it difficult to do business.CFIB urges the government to return in the fall with a real focus on Main Street, starting with reducing the federal small business tax rate from 9% to 6%.

$CXY

US Markets43d ago

Salesforce to Buy AI Agent Platform Fin for $3.6 Billion

Salesforce (CRM) agreed to acquire customer-agent company Fin for $3.6 billion to strengthen its own Agentforce AI-powered agent platform.Salesforce said it expects Fin's packaged offerings and proprietary models to complement Agentforce with features designed to be deployed quickly. Fin's AI Agent, powered by the company's proprietary Apex model, is built to resolve customer queries across channels including live chat, email, WhatsApp, SMS, phone, and Slack."Fin brings proven agent technology, a deep commitment to customer success, and an incredible AI team that will complement Agentforce with powerful service agent capabilities," Salesforce CEO Marc Benioff said Monday in a statement.Agentforce generated $1.2 billion in annual recurring revenue in the first quarter of fiscal 2027, tripling from a year earlier, Salesforce said.The transaction, which requires regulatory approval, is expected to close in the fourth quarter of Salesforce's fiscal 2027. Salesforce said it does not expect the deal to affect its full-year guidance or capital return program.After the acquisition closes, Salesforce and Fin plan to offer customers more ways to deploy AI agents across service operations. The deal is expected to bring Fin's AI team and its customer base of more than 30,000 companies to Salesforce.The deal will allow Fin to deploy its technology "far and wide at a rate far faster than we could have ever achieved on our own," CEO Eoghan McCabe said.Last month, Salesforce lifted its full-year adjusted earnings outlook after recording fiscal first-quarter results above Wall Street's estimates.Salesforce's shares rose 1% in Monday trading. They have dropped 37% this year.Price: $167.65, Change: $+1.76, Percent Change: +1.06%

$CRM

Wire43d ago

Forward Industries Offers to Acquire Solana, SkyAI; Solana Declines, No Response From SkyAI

Forward Industries (FWDI) said Monday it sent business combination proposals to Solana (HSDT) and SkyAI (SKYA), but Solana's board declined while SkyAI did not respond.Under its proposal to Solana, Forward said Solana stockholders would receive 0.386 newly issued shares of Forward common stock for each Solana share. Solana said on June 12 its board voted to decline and not engage in further talks, according to Forward.In its proposal to SkyAI, Forward offered to issue 0.367 shares for each SkyAI share. SkyAI's board did not respond by its June 12 expiration, Forward said.Solana and SkyAI did not immediately reply to a request for comment from.Shares of Forward were up more than 8% in Monday trading, and Solana and SkyAI shares added 14% and 11%, respectively.Price: $4.63, Change: $+0.35, Percent Change: +8.18%

$FWDI$HSDT$SKYA

Commodities43d ago

Market Chatter: Sweden Urges European Allies to Restrict Russian Vessels

Sweden has urged other EU member states to tighten oversight on the Russian "shadow fleet" of oil tankers, Financial Times reported Monday, citing a letter by the country's foreign minister, Maria Malmer Stenergard.In a letter addressed to EU chief diplomat Kaja Kallas and Cyprus's foreign minister Constantinos Kombos, Stenergard reportedly said that all member states should share responsibility for restricting Russian vessels passing through European waters.Sweden has already boarded a number of suspicious vessels in its territorial waters, according to the foreign minister.France and Belgium have also boarded and seized tankers, but other EU members appear to have gaps in enforcement, the news outlet reported.The European Commission did not immediately respond to MT Newswire's request for comment.Russia has a shadow fleet of about 700 crude oil tankers that carry about 75% of the country's oil exports, according to the report.Its energy revenues have reportedly rebounded as a result of the US-Iran war, which began in late February. This followed a 50% year-over-year plunge in January, FT said.EU foreign ministers are expected to discuss a new sanctions package against Moscow in a meeting on Monday.(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.)

Wire43d ago

Wix Integrates Website Creation Features Into Microsoft Copilot 365

Wix (WIX) said Monday it partnered with Microsoft (MSFT) to allow users to generate online pages directly within the Microsoft 365 Copilot software without context switching.Individuals can produce complete websites by submitting voice or text descriptions of their business objectives and design preferences to the artificial intelligence assistant, the company said.The collaboration also enables operators to track analytics, process payments, and modify product pricing without leaving the chat window, Wix said.The application is currently available for supported markets and lets administrators manage their online presence through either the Microsoft interface or the main site manager, it said.Shares of the company were up 1.2% in Monday trading.Price: $46.40, Change: $+0.49, Percent Change: +1.06%

$MSFT$WIX

Wire43d ago

Update: Market Chatter: Amazon CEO Raised Concerns About Anthropic Models Before Trump Export Restrictions

(Update with Amazon's response to a request for comment in the final paragraph.)Amazon (AMZN) Chief Executive Andy Jassy raised concerns to the Trump administration about security risks that Anthropic's most advanced models pose before the Trump administration imposed export restrictions on those models, The Information reported Saturday, citing two people familiar with the conversations.Amazon, which is one of Anthropic's biggest investors and vendors, helped set in motion the restrictions on Claude Mythos 5 and Fable 5 that were imposed late Friday night and suspended access to foreign nationals, the report said, citing the people.Anthropic said it disabled access to the models for all customers to comply."As a leading cloud provider that serves a large number of private and public sector customers, it's not uncommon for governments to seek our counsel on potential security risks," an Amazon spokesperson told. "When they occur, we don't share the details of these discussions."Anthropic did not immediately reply 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: $246.17, Change: $+7.62, Percent Change: +3.19%

$AMZN

Oil & Energy43d ago

US Natural Gas Update: Futures Slide as Geopolitical Tensions Ease, Weather Forecasts Turn Bearish

US natural gas futures were down on Monday, hitting their lowest level in nearly three weeks, amid steep pullbacks in global energy markets following the peace agreement between the US and Iran over the weekend.The front-month Henry Hub contract and the continuous contract both dropped 0.22% to $3.113 per million British thermal units.In a Truth Social post on Sunday, US President Donald Trump said that the deal with Iran was "now complete," while adding that the Strait of Hormuz would now fully reopen, with the US military blockade in the region coming to an end.This marked a major de-escalation in the region, diminishing the geopolitical risk premium attached to US natural gas prices over the past few months, as supply constraints had major global buyers clamoring for steady, and largely unaffected, US supplies.However, Gary Cunningham of Tradition Energy believes the reopening of the Strait of Hormuz had little to do with the pullback in US natural gas prices, as "bearish weather for the next two weeks" has a more outsized impact.Cunningham also highlighted that some models now project a 20% drop in daily gas-fired power demand compared to Friday, leading to bearish sentiment in the near term.This comes as output continues to hold above 108 billion cubic feet per day, according to NRG Energy, adding pressure on prices.On the bullish front, LNG feedgas flows have rebounded, with estimates pointing to 19.35 Bcf/d on Monday, according to the Bloomberg LNG Feedgas Model. This marks a significant improvement from prior weeks and is above the 30-day moving average at 17.81 Bcf/d.

Mining & Metals43d ago

NVRO Metals Signs Heads of Agreement With Transamine for Proposed Copper Cathode Offtake and Financing Package of up to US$25 Million

NVRO Metals (NVRO.V) entered into a "heads of agreement", with Transamine SA for a proposed copper cathode offtake and financing package of up to US$25 million to support the staged launch of the NVRO Metals Hub in the Northern Territory, Australia, it said on Monday.Under the deal, Transamine would buy the copper cathode production from the NVRO Metals Hub for a limited period of time.The proposed package comprises a prepayment facility of up to US$10 million intended to support refurbishment and launch activities, a revolving working capital facility of up to US$5 million available during commissioning and early production and an optional cobalt and nickel prepayment of up to US$10 million and an associated offtake arrangement which, if agreed, would provide additional funding linked to future by-product production, it said."This arrangement is intended to provide both a pathway to market for copper cathode production and a financing structure aligned with the launch of the NVRO Metals Hub," said NVRO Metals CEO Grant Freeman. "Importantly, the structure is focused on supporting production while preserving flexibility for future copper, cobalt and nickel opportunities, as well as potential government and strategic funding initiatives as the project advances."Shares of the company were last seen up 2.5% at $0.21 on the TSX Venture Exchange.Price: $0.21, Change: $+0.01, Percent Change: +2.44%

$NVRO.V

Oil & Energy43d ago

US Oil Update: Crude Drifts Toward $80 After US, Iran Agree to Halt War

Crude oil prices plummeted to a three-month low on Monday after an interim agreement between the US and Iran halted hostilities and prompted the lifting of a maritime blockade, clearing the way for the reopening of the critical Strait of Hormuz.The Brent futures contract declined 5% at $82.93 per barrel, and the West Texas Intermediate futures fell over 5.3% to $80.42/bbl. Both contracts fell to a level not seen since March 10.The market correction follows an overnight interim diplomatic breakthrough between the US and Iran aimed at halting their conflict.The downward momentum builds on the previous week's losses, with global benchmarks shedding over 5% as anticipation of the peace talks mounted.The crux of the bearish market reaction centers on supply relief, driven by a US commitment under the accord to lift its maritime blockade and unconditionally reopen the Strait of Hormuz.Energy traders are currently positioning for an immediate, near-term supply influx from the Persian Gulf.About 600 idled vessels, including an estimated 127 fully laden oil tankers, are currently preparing to transit the waterway.Saxo Bank analysts noted that the market is rapidly pricing in the unlocked supply from these stranded vessels, significantly improving a global supply outlook that had faced extended constraints.Despite the sharp price retreat, market analysts urge strong caution, emphasizing that physical relief to regional oil production will experience a structural lag.Analysts said that while dozens of ships can move immediately, a sustained return to pre-crisis output relies on empty vessels returning to the Gulf.Furthermore, Argus Media noted that reopening the Strait alone is not enough to instantly resume historical commodity flows, as regional shipping activity remains heavily constrained by pending security clearances and damaged energy infrastructure that will take time to restore to full capacity.Looking ahead, the sustainability of this price correction hinges entirely on upcoming political milestones, with officials scheduled to formally sign the pact in Switzerland this Friday.SEB analysts pointed out that Brent prices still sit well above their pre-war baseline of roughly $70 per barrel.With US President Donald Trump warning that hostilities could resume if upcoming nuclear negotiations collapse, any breakdown in the implementation of the peace roadmap could trigger a swift, volatile reversal in the energy markets, analysts warned.

Wire43d ago

OwlTing, Credible Finance Form Cross-Border Payment Partnership

OwlTing, the operating brand of Obook (OWLS), said Monday it has signed a cross-border payment agreement with Credible Finance to open new financial corridors for each other's clients, starting with China.The deal adds a platform to OwlPay Harbor, its payment and settlement infrastructure, the firm said. Credible Finance is a US payment orchestration platform focusing on global payouts.Price: $5.84, Change: $+0.05, Percent Change: +0.86%

$OWLS

Insider Trading43d ago

Valley National Bancorp Insider Sold Shares Worth $372,992, According to a Recent SEC Filing

Mitchell L Crandell, Executive Vice President & Chief Accounting Officer, on June 12, 2026, sold 25,495 shares in Valley National Bancorp (VLY) for $372,992. Following the Form 4 filing with the SEC, Crandell has control over a total of 76,116 common shares of the company, with 76,116 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/714310/000163969226000006/xslF345X05/wk-form4_1781532670.xmlPrice: $14.67, Change: $+0.03, Percent Change: +0.24%

$VLY

Mining & Metals43d ago

Condor Energies Announces Kumli Field Extension With K-42 Pilot Well

Condor Energies (CDR.TO) on Monday provided an update on drilling activities on its Uzbekistan gas development project.Kumli-42 (K-42), the vertical pilot well located on the second Kumli NW development pad, reached a total depth of 2,462 meters and confirms the 2.3 km northeast extension of the prolific reservoirs identified in previously drilled K-45 vertical well and the subsequent high-rate horizontal wells at K-46 and K-47, said the company."The continuity of these reservoirs across this portion of the Kumli NW structure demonstrates the repeatability of Condor's development program which reduces risk for future horizontal development drilling and validates Condor's geological models," stated the company.Open-hole wireline logs acquired in K-42 identified 26.5 meters of net carbonate reservoir across six separate intervals, said the company, and added that reservoir quality in the main pay zone replicated the dolomitization and average porosity of 15% encountered in the K-45 well on the first development pad.In addition, K-42 has a 22% thicker net pay interval in this zone, which is currently being produced by the K-46 and K-47 horizontal wells, it added.K-42 is expected to be tested later this month after the completion string is run and the drilling rig is moved to the K-43 horizontal well on the same pad, said the company, and added that the well is then expected to be tied into the pipeline system and start producing in early July 2026.A second rig has begun drilling the K-44 horizontal well on the same pad as K-42 and K-43 which marks the "first pad-drilling operation in Uzbekistan and is expected to provide a faster, lower-cost method" of tying in producing wells while also capturing drilling and operational synergies, added the company."The K-42 results are an important and positive milestone in continuing to materially increase our near-term production volumes and cash flow," said Don Streu, Condor's CEO.The company's shares were last seen down $0.09 at $2.71 on the Toronto Stock Exchange.Price: $2.71, Change: $-0.09, Percent Change: -3.21%

$CDR.TO

Wire43d ago

Huhutech International Secures $580,000 Contract to Install Vacuum Exhaust Pipeline Insulation Systems

Huhutech International (HUHU) said Monday that it received an 83 million yen ($580,000) contract to design, supply, and install vacuum exhaust pipeline insulation systems at a semiconductor manufacturer's facility in East Hiroshima, Japan.The project is a significant step in developing the company's insulation material platform, Huhutech said.Shares of the company were up 1.9% in Monday trading.Price: $9.00, Change: $+0.12, Percent Change: +1.35%

$HUHU

Wire43d ago

Wells Fargo Named Preferred Mortgage Lender for ICON

Wells Fargo (WFC) said Monday it has been named a preferred mortgage lender for ICON, expanding financing options for buyers of 3D-printed homes.Wells Fargo Home Mortgage will offer a 50-basis-point lender credit to qualified buyers who finance the purchase of an ICON home through the bank.The partnership aims to expand access to financing and support the adoption of 3D-printed construction as a potential solution to housing supply and affordability challenges.Price: $84.36, Change: $+0.63, Percent Change: +0.75%

$WFC

Wire43d ago

SharonAI Expands Partnership With VAST Data

SharonAI (SHAZ) said Monday it is launching an expanded partnership with VAST Data to deploy the VAST AI operating system across its AI cloud infrastructure.The project will make the VAST AI operating system the foundational data layer for Sharon AI's sovereign AI infrastructure to serve government, enterprise, research, and other clients in Australia and Asia Pacific, the company said.Financial details were not provided.SharonAI shares were up about 8% in early trading Monday.Price: $66.92, Change: $+4.60, Percent Change: +7.38%

$SHAZ

Mining & Metals43d ago

Update: Altius Hits Record High Following Royalty Investment in Coles Wind Project in Illinois

(Adding share price move in first paragraph and National Bank commentary from sixth paragraph)Altius Minerals (ALS.TO) hit a fresh record high on Monday after the company reported the closing of Great Bay Royalties (GBR)'s US$73 million royalty investment with Apex Clean Energy over the 311-megawatt Coles Wind project in Illinois.Construction of the project began in January and commercial operations are expected to begin in the second half of 2027.The investment was funded through a balance of GBR's cash on hand and new capital contributions from Altius Renewable Royalties (ARR) and Apollo. Altius provided about US$12.4 million to ARR to support its share of the GBR capital call contribution."We are pleased to once again provide support to Apex and to mark GBR's second construction stage royalty in MISO, further diversifying its portfolio of 14 operating royalties," Altus Chief Executive Officer Brian Dalton said."We also note the strong 20-year [power purchase agreement] that anchors Coles Wind and is reflective of the unprecedented level of demand for new, near-term deployable sources of electricity that is characterizing the current market," Dalton added.National Bank of Canada on Monday maintained its outperform rating and C$62.50 price target. The company's long-term outlook remains robust with several positive updates from the portfolio, including the ramp-up of production capacity at most of its potash royalties, resource update and advancement of the Sauva deposit at Chapada and advancement of Kami, the bank said."Our outperform rating is supported by the company's stable, long-life asset base, transitioning of the portfolio towards lower carbon-intensive commodities and leveraging in-house expertise to provide long-term exposure to future exploration success. We anticipate several positive updates from the portfolio, including resource update and advancement of the Sauva deposit at Chapada, advancement of Kami and growth from lithium/renewables business units," the bank said."Given that the current market conditions driving near-term support for many of the commodities within Altius's portfolio (including potash, where global supply shortages are expected to see strong support for production/royalty revenue), and a balance sheet supportive of increased activity on the company's NCIB, we currently base our target on a multiple of 1.6x NAV," it added.Price: $60.41, Change: $+2.18, Percent Change: +3.74%

$ALS.TO

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Mining & Metals43d ago

Update: Altius Hits Record High Following Royalty Investment in Coles Wind Project in Illinois

$ALS.TO