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France Launches Tender for 10 GW of Offshore Wind Capacity, Targets 15 GW by 2035

France is set to launch a long-awaited tender for 10 gigawatts of offshore wind capacity, most on the country's west coast, as the country targets 15 GW of offshore wind by 2035, up from today's 2 GW.The tender is set to open on Monday and companies will have four months to submit their offers, with winners to be selected by February 2027, according to the tender documents released by France's Energy Regulatory Commission on Thursday.Successful developers will receive a revenue support contract that calls on them to sell electricity into the wholesale power market, while receiving top-up payments from the government when market prices fall below their awarded reference price.Conversely, during periods when market prices exceed certain thresholds, a portion of those revenues may be returned.Bidders will be assessed based on a range of industrial, environmental and social criteria beyond their bid, including the carbon footprint of the project, commitments to local content and domestic supply chains and participation by small and medium-sized enterprises.

Mining & Metals45d ago

Silver Elephant Expects to Complete Sale of New Silver Concentrate Batch Ahead of Schedule

Silver Elephant Mining (ELEF.TO) expects to complete the sale of a new batch of silver concentrate in June, ahead of schedule, the company said Friday.The company has trucked 1,220 tonnes of silver-bearing material, with an average silver grade of 410 grams per tonne silver, from its Apuradita silver project in Bolivia.The silver-bearing material is ready for processing into a third batch of silver concentrate for expected sale in June, Silver Elephant said.Underground mining operations at Apuradita continue at a steady rate, and production has improved following the development of additional mining faces, equipment upgrades, and increased manpower.Silver Elephant expects to produce between 400 and 600 tonnes of mineralized material per month in 2026, the company said.

$ELEF.TO

Sectors45d ago

Natural Gas Moves Higher Despite Mild Forecasts for Big Markets

Natural gas price rose early on Friday despite mild forecasts for the big markets on the Northeast and Upper Midwest and a day-prior report showing a larger than expected rise in inventories of the fuel.Gas for July delivery was last seen up US$0.03 to US$3.11 per million British thermal units.The rise comes even as long-term forecasts from the National Weather Service expect temperatures in the Northeast and Upper Midwest to be cooler than seasonal over its six to 10 day outlook, easing demand for air conditioning.In its weekly survey of stocks of the fuel, the Energy Information Administration on Thursday said inventories last week rose by 108-billion cubic feet of the fuel, above the consensus estimate for a rise of 100-bcf, according to NatGasWeather. The rise left inventories at 2.69-trillion cubic feet, 6% above the five-year average.

$NGN6$UNG

Sectors45d ago

Sector Update: Energy Stocks Decline Premarket Friday

Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.5% lower.The United States Oil Fund (USO) was down 1.5% and the United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 2.7% lower at $85.37 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.3% to $88.31 per barrel, and natural gas futures were up 0.1% at $3.09 per 1 million British Thermal Units.Venture Global (VG) stock was down more than 1% after the company said it closed an offering of $1.13 billion of 6.375% senior secured notes due Dec. 15, 2034, and $1.13 billion of 6.625% senior secured notes due June 15, 2036.Western Midstream Partners (WES) said it has completed the acquisition of Brazos Delaware in a cash-and-stock deal valued at around $1.6 billion. Western Midstream Partners shares were 0.7% lower pre-bell.

$UNG$USO$VG$WES$XLE

US Markets45d ago

Kinder Morgan Poised To Benefit From Rising Natural Gas, Power Demand, RBC Says

Kinder Morgan (KMI) is favorably positioned to benefit from rising demand for natural gas and power, RBC Capital Markets said in a note, adding that the company is likely to beat Wall Street expectations for the fiscal second quarter.RBC increased its adjusted earnings before interest, taxes, depreciation, and amortization forecast for the second quarter to $2.05 billion from $2.01 billion amid higher-than-expected oil prices, benefits from the company's carbon dioxide business, and the inclusion of the Monument acquisition. The FactSet-polled consensus is at $2.06 billion.In April, Kinder Morgan said it agreed to acquire Monument Pipeline, a natural gas pipeline system serving Houston and the surrounding metropolitan area, for $505 million in cash.RBC also highlighted Kinder Morgan's growing backlog and said the company remains confident in its ability to sanction a material portion of its shadow backlog this year. Kinder Morgan's project backlog in the first quarter rose by $145 million sequentially to $10.1 billion, it said in April."Heading into earnings, we see more potential to beat expectations vs miss especially given the macrobackdrop (increased exports across the docks, commodity price tailwinds)," RBC analyst Elvira Scotto wrote in the note emailed Friday.The energy infrastructure company is expected to report second-quarter results next month.RBC said the Gulf Coast Express pipeline expansion is expected to come online in June, while the South System Expansion 4 and the Mississippi Crossing pipeline are on track to receive approval from the Federal Energy Regulatory Commission by the end of July, after which construction is expected to begin.The brokerage maintained its Sector Perform rating on the stock, with a price target of $35.

$KMI

Sectors45d ago

Sector Update: Financial Stocks Rise Premarket Friday

Financial stocks were rising premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.4% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.2% lower.Barclays (BCS) has agreed to acquire the UK operations of GoHenry, a money management education platform for youths, from Acorns Grow, the British financial services giant said. Shares of Barclays were up more than 1% pre-bell.Deutsche Bank (DB) has appointed Robert Huray as head of investment banking and capital markets for Southeast Asia, Bloomberg reported, citing people familiar with the matter. Deutsche Bank stock was more than 2% higher premarket.Charles Schwab (SCHW) said its Schwab Asset Management unit received board approval to close and liquidate the Schwab Ariel Opportunities ETF. Charles Schwab shares were up 0.6% pre-bell.

$BCS$DB$FAS$FAZ$SCHW$XLF

Sectors45d ago

Sector Update: Healthcare Stocks Advance Pre-Bell Friday

Healthcare stocks were advancing pre-bell Friday, with the State Street Health Care Select Sector SPDR ETF (XLV) 0.5% higher and the iShares Biotechnology ETF (IBB) up 0.3%.BeOne Medicines (ONC) stock was up more than 1% after the company said new data for tacabrutideg, a Bruton's tyrosine kinase degrader, showed "durable responses" in pretreated relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma patients and promising activity in BTK inhibitor-naive patients.BioCryst Pharmaceuticals' (BCRX) Orladeyo was associated with "early and sustained reductions" in hereditary angioedema or HAE attacks, demonstrated by new clinical data from the ongoing APeX-P study, the company said. BioCryst Pharmaceuticals shares were up 0.1% premarket.Rocket Pharmaceuticals (RCKT) stock was up nearly 2% after the company closed the $180 million sale of its rare pediatric disease priority review voucher.

$BCRX$IBB$ONC$RCKT$XLV

Equities45d ago

Shell Pauses $3 Billion Share Buyback Until July

Shell (SHEL.L, SHELL.AS) on Friday suspended its $3 billion share repurchase program following the publication of its acquisition target's shareholder circular and due to related securities law requirements applicable to the group.Launched in May, the program will be halted until July 14, the published date of Canadian energy company ARC Resources' shareholder meeting. Any repurchases not conducted during the suspension will be part of the remaining 2026 programs, subject to board approval.The British energy giant in April agreed to acquire ARC in a $16.4 billion deal.

$SHEL.L$SHELL.AS

Mining & Metals45d ago

Kenorland Minerals Receives Notice of Exercise of Top-Up Right From Sumitomo and Centerra

Kenorland Minerals (KLD.V) received notices from both Sumitomo Metal Mining Canada and Centerra Gold (CG.TO, CGAU) on their respective intentions to exercise their 'top-up right' as it relates to certain share issuances completed by the company and to retain their interests in the company, it said on Friday.An aggregate of 314,392 common shares of the company will be issued at $2.136 apiece for $671,541.31 in accordance with the Sumitomo investor rights agreement (IRA) and Centerra IRA, subject to the approval of the TSX Venture Exchange, of which 158,768 common shares will be issued to Sumitomo in order to retain its 10.1% interest in the company and 155,624 common shares will be issued to Centerra in order to retain its 9.9% interest in the company, it said.Shares of the company closed unchanged at $0.335 on Thursday on the TSX Venture Exchange.

$CG.TO$KLD.V

Sectors45d ago

Sector Update: Consumer Stocks Edge Higher Premarket Friday

Consumer stocks were edging higher premarket Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.5%.US Foods (USFD) was awarded a maximum $167 million firm-fixed-price with economic-price-adjustment, indefinite-delivery/indefinite-quantity contract for full-line food and beverage items by the Defense Logistics Agency, the US Department of Defense said. US Foods shares were down 2% pre-bell.Sleep Number (SNBR) said it agreed to combine with Sleep Country Canada under an asset purchase agreement and launched a voluntary Chapter 11 sale process to facilitate the transaction. Sleep Number shares were down 38% premarket.Build-A-Bear Workshop's (BBW) said Chief Operations and Experience Officer Chris Hurt assumed the role of chief executive officer on Thursday as part of a planned succession. Build-A-Bear Workshop stock was down more than 1% pre-bell.

$BBW$SNBR$USFD$XLP$XLY

Asia45d ago

Asia Commercial Forecasts Rise in Full-Year Profit

Asia Commercial (HKG:0104) expects a net profit of at least HK$39 million for the year ended March 31, up from HK$24 million a year prior, according to a Friday Hong Kong bourse filing.The watch seller attributed the forecast to a reduction in fair value losses on investment properties.

HKG:0104

Commodities45d ago

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Friday Ahead of SpaceX Debut

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2% and the actively traded Invesco QQQ Trust (QQQ) fell 0.3% in Friday's premarket activity, ahead of the debut of Elon Musk's Space Exploration Technologies after markets open.US stock futures were also mixed, with S&P 500 Index futures up 0.1%, Dow Jones Industrial Average futures advancing 0.4%, and Nasdaq futures easing 0.3% before the start of regular trading.The preliminary University of Michigan consumer sentiment report for June will be released at 10 am ET, while the weekly Baker Hughes oil-and-gas rig count posts at 1 pm ET.In premarket action, bitcoin was up by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% lower, Ether ETF (EETH) retreated 1.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.02%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.6%, and the iShares US Technology ETF (IYW) was 0.3% lower, while the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 0.5%, while the iShares Semiconductor ETF (SOXX) declined by 1.2%.Adobe (ADBE) shares were down more than 9% in premarket activity as multiple analyst price target cuts followed the software maker's latest quarterly results and announcement that Chief Financial Officer Dan Durn had resigned.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.7%, and the Vanguard Industrials Index Fund (VIS) was 0.3% higher, while the iShares US Industrials ETF (IYJ) retreated by 0.04%.Rocket Lab (RKLB) stock was up more than 2% before the opening bell after the company said it has been added to the Nasdaq-100 Index, effective June 22.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was down 1%, while the iShares US Healthcare ETF (IYH) gained by 1.6%. The iShares Biotechnology ETF (IBB) was 0.3% higher.Enliven Therapeutics (ELVN) stock was down more than 3% premarket after the company priced an upsized public offering of 8.9 million shares at $37.50 per share and pre-funded warrants to purchase up to 1.73 million shares at $37.499 each.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.5% lower.Barclays (BCS) shares were up nearly 2% pre-bell after the British financial services giant agreed to acquire the UK operations of GoHenry, a money-management education platform, from Acorns Grow.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1% and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 1.4%. The iShares US Consumer Staples ETF (IYK) retreated by 0.1%. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained by 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% higher.Lennar (LEN) shares were down nearly 2% pre-bell after the homebuilder issued a downbeat fiscal Q3 delivery outlook.EnergyThe iShares US Energy ETF (IYE) was down 0.4%, while the State Street Energy Select Sector SPDR ETF (XLE) was 0.5% lower.Venture Global (VG) stock was down more than 1% before market open after the company closed an offering of $1.13 billion of 6.375% senior secured notes due Dec. 15, 2034, and $1.13 billion of 6.625% senior secured notes due June 15, 2036.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.7% to $85.37 per barrel on the New York Mercantile Exchange. Natural gas advanced by 0.3% at $3.10 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 1.3%, while the United States Natural Gas Fund (UNG) was 0.4% higher.Gold futures for July advanced by 2.4% to $4,213.40 an ounce on the Comex. Silver futures rose by 4.2% to $66.69 an ounce. SPDR Gold Shares (GLD) was down by 0.3%, and the iShares Silver Trust (SLV) decreased by 0.8%.

Dow JonesNasdaq CompositeS&P 500$ADBE$BCS$BETH$BITO$EEM$EETH$ELVN$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LEN$PMR$QQQ$RKLB$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VG$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Sectors45d ago

Sector Update: Tech Stocks Mixed Premarket Friday

Technology stocks were mixed premarket Friday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 1.5% higher.Adobe (ADBE) stock was down more than 9% even after the company reported higher fiscal Q2 adjusted earnings and revenue. Adobe also said Chief Financial Officer Dan Durn will exit the company on Monday to pursue a new opportunity.Seagate Technology (STX) said its Seagate HDD Cayman unit issued a notice to redeem all outstanding 3.50% exchangeable senior notes due 2028 that have not been exchanged. Seagate Technology stock was up more than 1% pre-bell.Sharon AI (SHAZ) has entered a six-year strategic compute collaboration with Nvidia (NVDA) to expand AI infrastructure in Australia, including deployment of up to 40,000 Grace Blackwell GB300 GPUs, the company said. Sharon AI shares were up more than 7% premarket.

$ADBE$NVDA$SHAZ$STX$XLK$XSD

Oil & Energy45d ago

EMEA Oil Update: Oil Prices Fall to 3-Months Low

Oil prices fell to its lowest since March on Friday after US President Donald Trump claimed a major diplomatic breakthrough that could bring an end to active hostilities with Iran.Front-month Murban crude futures declined 6% to $81.98 per barrel, while Brent futures retreated by 2.4% to $88.25/bbl.The sudden reversal was triggered by Trump's announcement during a media interaction at the Oval Office on Thursday that Washington has reached a "great settlement" to end the war with Iran."We just made a great settlement of the war with Iran, and we're going to be subject to finalization of documents," Trump said, according to the statement posted on White House's social media account.ING analysts said, "The price action in oil markets is no surprise, with Brent falling below $90/bbl on the latest developments. The relatively benign price action in recent weeks masks the scale of the supply disruptions from the Persian Gulf.""We believe the market reaches an inflection point in late July if we do not see oil flows resuming before then. This is when inventory levels and seasonally stronger demand push prices significantly higher towards $120-130/bbl," ING analysts added.Meanwhile, Iran's state-backed news agency, IRNA, reported that the future administration and security of the critical Strait of Hormuz chokepoint would ultimately be handled as a regional matter through dialogue and joint decision-making between Tehran and Oman.Earlier, Trump confirmed he canceled the scheduled Thursday night strikes following high-level discussions with Iranian leadership, adding that a formal treaty could be finalized and signed in Europe as early as this weekend.

Insider Trading45d ago

Nerdy Insider Bought Shares Worth $250,458, According to a Recent SEC Filing

Charles K. Cohn, 10% Owner, Director, Chief Executive Officer, on June 11, 2026, executed a purchase for 258,204 shares in Nerdy (NRDY) for $250,458. Following the Form 4 filing with the SEC, Cohn has control over a total of 58,615,745 Class A common shares of the company, with 9,258,298 shares held directly and 49,357,447 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1819404/000188017126000007/xslF345X05/wk-form4_1781267253.xml

$NRDY

Sectors45d ago

Sector Update: Energy

Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.5% lower.The United States Oil Fund (USO) was down 1.4% and the United States Natural Gas Fund (UNG) was 0.5% higher.Front-month US West Texas Intermediate crude oil was 2.7% lower at $85.33 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.4% to $88.25 per barrel, and natural gas futures were up 0.5% at $3.10 per 1 million British Thermal Units.Venture Global (VG) stock was down more than 1% after the company said it closed an offering of $1.13 billion of 6.375% senior secured notes due Dec. 15, 2034, and $1.13 billion of 6.625% senior secured notes due June 15, 2036.

$VG

Equities45d ago

Shell Suspends $3 Billion Share Buyback Program

Shell (SHEL) said Friday it has suspended its ongoing $3 billion share buyback program.The suspension, effective Friday through July 14, is related to securities law requirements following publication of the shareholder circular by ARC Resources, Shell said.Shell shares were nearly 1% lower in Friday premarket activity.

$SHEL

International45d ago

India's Bank Credit, Deposits Rise in May

India's bank credit grew 17.7% year over year in the fortnight ended May 31, according to data from the Reserve Bank of India on Friday.Outstanding bank loans stood at 215.2 trillion rupees.Meanwhile, deposit growth stood at 12.2%, with outstanding bank deposits as of May 31 at 260 trillion rupees.

^BSENifty 50

Sectors45d ago

Gold Rises Off a Seven-Month Low on Hopes a U.S.-Iran Peace Deal is Near

Gold traded sharply higher early on Friday, rising off a seven-month low on expectations Iran is ready to sign a peace deal with the United States, promising to lower the high oil prices that have raised inflation and boosted the U.S. dollar and bond yields.Gold for July delivery was last seen up US$108.00 to US$4,222.00 per ounce after falling to the lowest since Nov. 20 a day earlier.The rise comes as U.S. President Trump on Thursday said he canceled planned attacks on Iran and said a peace deal with the country is near. Reports said a deal could be signed this weekend, however the Wall Street Journal said Iran has not yet agreed to the peace proposal, though Qatar's leader, Sheikh Tamim bin Hamad al-Thani, who is mediating talks, confirmed progress is being made on a agreement.A deal could see the Strait of Hormuz reopen freeing up trapped supplies from the Persian Gulf nations that supplied about 20% of daily oil demand before the Strait was closed to shipping at the Feb. 28 start of the war, easing the high oil prices that have boosted inflation and threatened to force central banks to raise interest rates."Before the market can look beyond the next headline and refocus on longer-term supportive themes, investors need confidence that the inflation genie is being pushed back into the bottle. For that to happen, markets will need a peace agreement signed and endorsed by both sides," Saxo Bank wrote.The dollar was steady early, with the ICE dollar index last seen down 0.02 points to 99.83. Treasury yields rose, bearish for gold since it pays no interest. The U.S. two year note was last seen paying 4.093%, up 2.1 basis points, while the yield on the 10-year note was up 1.7 points to 4.489%.

$GCN6$GLD

Sectors45d ago

Sector Update: Financial

Financial stocks were advancing premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.4% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% lower.Barclays (BCS) has agreed to acquire the UK operations of GoHenry, a money management education platform for youths, from Acorns Grow, the British financial services giant said. Shares of Barclays were up more than 1% pre-bell.

$BCS

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Commodities45d ago