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Cineplex Books Highest May Box Office Revenue Since 2019

Cineplex (CGX.TO) recorded box office revenues of C$60.5 million for May, its highest box office for the month since 2019, the company said Tuesday.Top performing films in May included The Devil Wears Prada 2, Michael, Obsession, Star Wars: The Mandalorian and Grogu, and Backrooms.Cineplex's box office revenues hit $120.5 million for the second quarter to date, rising from $106.7 million in the same period a year ago."May's performance reflects the strength of our content slate, sustained consumer demand for the theatrical experience, and our team's continued focus on delivering premium, differentiated offerings," CEO Ellis Jacob said.Cineplex is poised for a strong balance of the year with major upcoming releases including Disclosure Day, Toy Story 5 and Supergirl rounding out the second quarter, followed by Minions & Monsters and Moana, the company said.

$CGX.TO

Treasury45d ago

Municipal Bond Offerings This Week See High Flood and Hurricane Risk Scores

Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood Risk and Hurricane Risk Scores, according to ICE Climate Data.A $7 million offering from Ellicottville Central School District, N.Y., records a Flood Risk Score of 5.0 out of 5.0, ICE reports. Locations with a component Physical Climate Risk Score, which includes Flood, Wildfire and Hurricane, of 2.0 or higher out of 5.0 indicate high physical climate risk due to hurricane, flooding, or wildfire events.A $195 million bond deal from Cape Coral, Fla., has a Hurricane Risk Score of 4.2 out of 5.0 on ICE's scale, while a $14 million tranche from Fort Edward Union Free School District, N.Y., records an Acute Physical Risk Score of 4.6.Separately, a $56 million offering from Needville Independent School District, Texas, records a Combined Physical Risk Score of 5.0, and a $27 million deal from Indian River County, Fla., has a Combined Physical Risk Score of 4.3, due to their proximity to weather-related events, according to ICE Climate Data.This content is created byand includes certain data sourced from ICE Climate Data ("ICE"). Views ofdo not necessarily represent the views of ICE. ICE is not a nationally registered statistical rating organization, nor should this commentary be construed to constitute an assessment of the creditworthiness of any company or financial instrument or as providing investment advice. Climate analytics available from ICE are meant to be generally indicative of overall feature sets but should not be considered an analyst's opinion of the underlying investability of a particular location or security.The ICE Climate Risk Score is a singular, 0.0-5.0 assessment score that blends all the ICE Spatial Intelligence Platform's climate hazard models together into one rigorous, relative measure of total property risk from physical climate hazards to a given location or set of locations related to the investment. To learn more about the ICE Climate Risk Data, visit: ICE Sustainable Finance Data (https://www.ice.com/data-services/sustainable-finance-data/disclaimer)

Japan45d ago

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Optimism on US-Iran Peace Deal

US equity futures rose pre-bell Tuesday as oil prices receded on optimism that a US-Iran peace agreement could happen soon.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.9% higher.West Texas Intermediate crude oil dropped under $90 a barrel as President Donald Trump said a deal to end the Middle East war could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed. The two countries are nearing a deal "that will not in any way allow nuclear weapons," Trump told reporters after attending the NBA Finals in New York City.Traders observed the latest round of earnings, with J.M. Smucker (SJM) posting higher fiscal Q4 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.6% at $92.79 per barrel and US West Texas Intermediate crude 1.9% lower at $89.57 per barrel.The international trade in goods report, scheduled for release at 8:30 am ET, is expected to post a deficit narrowing to $56.1 billion from $60.3 billion in the prior month, according to estimates compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.1% for May after a gain of 0.2% in the prior month.

Dow JonesNasdaq CompositeS&P 500$SJM

Mining & Metals45d ago

FireFly Metals Announces OTC Markets Ticker Symbol Change to FFMFF

FireFly Metals' (FFM.TO) OTC Markets ticker symbol will change from MNXMF to FFMFF, effective from June 9, 2026, the company said late Monday.Ordinary shares in FireFly will continue to trade on the ASX and TSX under the symbol FFM, said the company and added that the ticker symbol change does not affect the company's operations, share capital, CUSIP, ISIN, or the rights of shareholders."The new OTC ticker symbol more closely aligns with the Company's ASX and TSX trading symbol, FFM, providing greater consistency across the markets on which FireFly's shares are traded and improving visibility for U.S.-based investors," it added.

$FFM.TO

Research45d ago

Argus Research Downgrades Prudential Financial to Hold From Buy

Prudential Financial (PRU) has an average rating of Hold and mean price target of $100.64, 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)

$PRU

Treasury45d ago

BMO on The Day Ahead in Canada

Canada is slated to release its international merchandise trade data for April at 8:30 a.m. ET on Tuesday, said Bank of Montreal (BMO).The bank notes that the trade balance is "ground zero" for the impact of the dual tariff and energy price shocks on the economy. For April, BMO expects the surplus to clock in at $2.0 billion, little changed from the previous month.Oil prices took another step up in the second month of the Iran war, while natural gas prices nudged lower. Meantime, a solid manufacturing flash -- even after accounting for higher prices -- points to firmer imports and non-energy exports.A softer Canadian dollar (CAD or loonie) raises the value of US dollar-denominated imports and exports.Looking ahead, higher energy prices will continue to buoy the surplus, but weaker non-energy demand and ongoing tariff uncertainty remain significant headwinds, stated BMO.The US dollar (USD) is weaker (BBDXY -0.25%), with the loonie stronger (CAD per USD -0.15%) early Tuesday, according to the bank.

$CAD$CXY$USD

Oil & Energy45d ago

Qatari LNG-Laden Tanker Crosses Hormuz Strait, Reuters Analysis Shows

A Qatari vessel carrying liquefied natural gas has crossed the Strait of Hormuz, making it the ninth such cargo and fifth such tanker from the country to clear through the waterway since the start of the Iran war, according to a Reuters analysis of ship-tracking data from Kpler and LSEG published Tuesday.On Monday, the vessel was tracked east of the strait with signs that it will move towards China, the report said.A cargo was loaded on the tanker, controlled by QatarEnergy, at the Ras Laffan terminal in Qatar on June 1, the article said.Meanwhile, an unladen LNG tanker has entered the waterway again after unloading its cargo in India, the report said, citing ship-tracking firm Vortexa.Energy flows through the crucial waterway, which handled almost 20% of the global oil and gas flows, remain severely constrained since the beginning of the Iran war.An average of 125-140 ships passed through the strait daily before the war began in late February, the report said.

Asia45d ago

Veerhealth Care Wins INR36 Million Skincare Products Order

Veerhealth Care (BOM:511523) received an order worth 36 million Indian rupees, excluding goods and services tax, for the supply of skincare products.The order, which is scheduled to be executed within 45 days, was from an unnamed Indian company that Veerhealth said Tuesday is in the fast-moving consumer goods sector.

BOM:511523

Commodities45d ago

Technip Energies, Airbus, Safran, Tereos Form JV to Develop 160,000 Ton SAF Plant in France

French engineer Technip Energies said Tuesday it has entered into an agreement with Airbus, Safran and Tereos to create Rebound, a joint venture to develop a sustainable aviation fuel production facility at the Port of Dunkirk in northern France.The project will use alcohol-to-jet technology to convert advanced ethanol derived from agricultural and forestry residues into sustainable aviation fuel.Once operational, it targets an annual output of 160,000 metric tonnes, with the facility set to be among the largest of its kind in Europe.Under the agreement, the four companies will fund the project's development phase, including engineering studies and other work needed to support a future final investment decision.Technip Energies will serve as lead developer and engineering provider, while Airbus and Safran will participate as industrial partners and potential SAF offtakers. Tereos, one of Europe's largest ethanol producers, intends to supply advanced ethanol feedstock for the project.The Port of Dunkirk has already awarded Technip Energies an industrial site, marking a key milestone for the project, with the region set to offer strong logistical efficiencies for feedstock and product transportation, alongside quicker permitting.Benjamin Lechuga, Chief Strategy and Sustainability Officer of Technip Energies said sustainable aviation fuel is "one of the most critical levers" to decarbonize aviation, while the "Alcohol-to-Jet pathway" is a scalable and credible route to get there.

Asia45d ago

China Approves Aodong Subsidiary's Levocarnitine Injection

China's drug regulator approved Jilin Aodong Pharmaceutical (SHE:000623) subsidiary Jilin Aodong Pharmaceutical Group Yanji's levocarnitine injection.The drug addresses complications caused by secondary carnitine deficiency in hemodialysis patients with chronic kidney failure, according to a Tuesday filing with the Shenzhen bourse.

SHE:000623

US Markets45d ago

OpenAI Confidentially Files For Potential IPO, Joining Wave of Mega-Cap Listings

OpenAI has confidentially filed for a potential initial public offering in the US, joining a series of mega-cap listings that could mark the largest capital-raising cycle on record."We recently submitted a confidential S-1," OpenAI said in a statement on Monday. "We have not decided on timing yet; it may be a while because there are things we want to do that are likely easier as a private company."An S-1 filing is the Securities and Exchange Commission's initial registration for companies going public."It's a complicated set of tradeoffs and this gives us the option to go public sooner if that ends up being best," the ChatGPT maker said.OpenAI closed a $122 billion funding round at an $852 billion post-money valuation, it said at the end of March. ChatGPT had more than 900 million weekly active users at the time.The company is targeting a valuation of up to $1 trillion, with plans to go public as early as September, Reuters reported.Last week, AI chatbot Claude maker Anthropic confidentially filed to go public in the US. Elon Musk-led SpaceX is looking to raise a record-breaking $75 billion in its IPO, and could be valued at $1.75 trillion, Reuters reported earlier this month.A wave of IPOs expected this year could raise the most amount of capital on record, Wells Fargo Investment Institute said in a note on Monday.These mega-cap IPOs may drive methodology adjustments by index providers and see new constituents added to index funds and exchange-traded funds, the brokerage said."This can trigger buying pressure and temporarily drive up IPO valuations," Douglas Beath, global equity strategist at Wells Fargo Investment Institute, wrote. "It could also drain liquidity from other areas of the market, and increase concentration within major indexes."

Oil & Energy45d ago

US President Donald Trump Says Good Chance of Signing Iran Peace Deal in 2-3 Days, Media Outlets Report

Mining & Metals45d ago

Canadian Pacific Kansas City Price Target Raised to $140 at CIBC

CIBC Capital Markets raised its price target on Canadian Pacific Kansas City Ltd. (CP.TO) to $140 from $128.Analyst Kevin Chiang maintained an Outperformer rating on shares of the Canadian railway following CIBC's Spring Industrial Tour and visit to CPKC's Winnipeg, Manitoba yard."We walked away from our tour with a greater appreciation for the importance of the Winnipeg Yard, but we also viewed it as a microcosm of CPKC's broader culture," Chiang said in a note to clients."Not only has Winnipeg seen a lift in volumes, but it has also been able to handle this growth while improving operational efficiency and maintaining a strong safety culture," the analyst said."Looking back over the last 3.5 years, we can see that the dwell time at the Winnipeg yard has exhibited a declining trend."

$CP.TO

Wire45d ago

RedHill Biopharma's Opaganib Gains FDA Rare Pediatric Disease Status for Neuroblastoma

RedHill Biopharma (RDHL) said Tuesday the US Food and Drug Administration has granted rare pediatric disease designation to opaganib for neuroblastoma, in addition to its existing orphan drug designation.The designation could qualify the drug for a priority review voucher and provide benefits such as faster review, fee waivers, tax credits and potential seven-year market exclusivity if approved, the company added.RedHill said the neuroblastoma market could reach $3.5 billion by 2032 and noted preclinical data supporting opaganib's potential in neuroblastoma and other cancers, including triple-negative breast cancer.Shares of the company were down more that 12% in premarket trading Tuesday.Price: $0.90, Change: $-0.12, Percent Change: -12.75%

$RDHL

Research45d ago

B. Riley Raises Price Target on Tango Therapeutics to $35 From $21, Keeps Buy Rating

Tango Therapeutics (TNGX) has an average rating of buy and mean price target of $36.91, 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)

$TNGX

Asia Markets45d ago

UAE Stocks Blink Green; Dubai Bourse Secures Finma's Foreign Trading Venue Recognition

United Arab Emirates equities were back in the green on Tuesday as investors breathed a sigh of relief after both Iran and Israel halted direct attacks on each other.At the close of trading, the FTSE ADX General Index was up 0.817%, while the DFM General Index added 0.879%.Oil prices dropped after Iran declared an end to its military operation against Israel, with the latter also stopping its attacks on the Middle Eastern country. The end of attacks follows a request from US President Donald Trump on Monday.On the economic calendar this week is the release of the US consumer price index report for May on Wednesday. Analysts are expecting a 0.5% monthly rise with a 4.2% annual increase in headline inflation, while core CPI is expected to rise to 0.3% monthly and 2.9% annually.Closer to home and on the corporate front, stocks of Agility Global (ADX:AGILITY) ended flat. The investment and asset management company's unit, Tristar, obtained a new $770 million credit facility from regional and international banks to refinance existing facilities and support general corporate purposes.Meanwhile, Dubai Financial Market (DFM:DFM) was recognized as a foreign trading venue by the Swiss Financial Market Supervisory Authority, or FINMA, providing the latter's participants with access and enabling trading of Swiss companies' securities on the Emirati trading platform. The bourse operator's shares closed the session 2.84% higher."FINMA's recognition of DFM is a significant milestone in our strategy to broaden international access to our market and implement Dubai's vision to develop its capital markets. It opens a direct, regulated pathway for Swiss financial institutions to connect to our ecosystem and creates new opportunities around Swiss-incorporated securities, reinforcing Dubai's position as a globally connected capital-markets hub," Dubai Financial Market Chief Executive Officer Hamed Ali commented.

^DFMGI^FADGIADX:AGILITYDFM:DFM

International45d ago

Easing Crude Prices Help Elevate European Stock Markets Midday

European bourses tracked moderately higher midday Tuesday as traders weighed easing crude prices, and awaited clarity on the latest version of an Iranian-Israeli ceasefire.Bank, tech and food stocks led gains on continental trading floors, while oil shares lagged.Front-month North Sea Brent crude-oil futures were down 1.7% at $92.68 a barrel.Investors also eyed Wall Street futures flashing green, and higher closes overnight on Asian exchanges, including an 8.2% rise on Seoul's KOSPI Index.In economic news, European Commission President Ursula von der Leyen announced the 21st package of sanctions against Russia. In addition to oil-related sanctions, restrictions on Russia's banking sector were tightened.The pan-continental Stoxx Europe 600 Index was up 0.7% mid-session.The Stoxx Europe 600 Technology Index was up 1.1%, and the Stoxx 600 Banks Index gained 1.1%.The Stoxx Europe 600 Oil and Gas Index eased 0.2%, while the Stoxx 600 Europe Food and Beverage Index inclined 1.4%.The REITE, a European REIT index, rose 1%.On the national market indexes, Germany's DAX was up 0.7%, but the FTSE 100 in London lost 0.2%. The CAC 40 in Paris was up 0.9%, and Spain's IBEX 35 lifted 1.3%.Yields on benchmark 10-year German bonds were higher, near 3.06%.The Euro Stoxx 50 volatility index was down 1.3% at 19.16, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

^SXXP

Research45d ago

CN Rail Price Target Raised to $182 at CIBC

CIBC Capital Markets raised its price target on Canadian National Railway Co. (CNR.TO) to $182 from $164.Analyst Kevin Chiang maintained an Outperformer rating on shares of the Canadian Class I railway following CIBC's Spring Industrial Tour and visit to CN's facilities in Winnipeg, Manitoba, which included several members of the senior management team."Our key takeaways from the tour were: 1) Winnipeg is strategically important to CN's growth strategy as it is strategically located with the capacity to absorb increased volumes; 2) CN operates a large maintenance and mechanical repair footprint in Winnipeg at the historical Transcona Yard which acts as a source of cost savings and increased operational reliability; and 3) we had a firsthand experience on how CN continues to advance its safety culture," Chiang said in a note to clients.

$CNR.TO

US Markets45d ago

Equities Rise Pre-Bell as Chip Stocks Extend Gains

US equity futures were tracking in the green on Tuesday amid continued momentum in artificial intelligence and semiconductor stocks.The S&P 500 rose 0.4%, the Dow Jones Industrial Average gained 0.3% and the Nasdaq added 0.8% in premarket activity. The S&P 500 and the Nasdaq finished Monday trading higher, while the Dow closed in the red for a second consecutive session.OpenAI said on Monday it has confidentially filed for a potential initial public offering in the US, after similar moves last week by AI firm Anthropic and rocket and satellite company SpaceX.OpenAI hasn't decided on the timing of the IPO yet, according to a blog post. "It may be a while because there are things we want to do that are likely easier as a private company," the tech firm added.Shares of Qualcomm (QCOM) increased 2.8% pre-bell, while Intel (INTC) inclined 2.2% after an 11% jump at the close of Monday. Micron Technology (MU) added 4.1% following a 9.9% increase in the previous session, while Nvidia (NVDA) was up 0.7%. Advanced Micro Devices (AMD) gained 2.5% before the bell after closing the previous session up 5.1%, while Broadcom (AVGO) increased 1.1%."In our view, volatility in technology stocks is likely to continue, although the (artificial intelligence) investment boom appears robust," D.A. Davidson said in a report on Monday. "We continue to expect a broadening of gains supporting sector diversification in portfolios."West Texas Intermediate crude oil declined 2.1% to $89.37 a barrel before the opening bell, while Brent moved down 1.6% to $92.73.Iran and Israel reportedly suspended strikes against each other, although Tehran vowed to resume attacks if Israel continues to target Iran-backed Hezbollah in Lebanon. In a social media post, President Donald Trump said both Israel and Iran were "looking to do an immediate ceasefire.""Overall, the situation remains fragile, and for the oil market, the status quo holds: global inventories continue to draw, with analysts increasingly convinced that inventories will reach dangerously low levels by the end of June (if not sooner)," Tudor Pickering Holt Analyst Matt Portillo said in a note.Treasury yields were mixed in premarket action, with the two-year rate retreating 1.1 basis points to 4.15% while the 10-year rate rose 0.6 basis points to 4.56%.Tuesday's economic calendar has the international trade in goods and services report for April at 8:30 am ET, followed by the existing home sales report for May at 10 am. The National Federation of Independent Business small business optimism index posted a 0.6-point decrease for May to 95.3.J.M. Smucker (SJM), SailPoint (SAIL), United Natural Foods (UNFI) and Academy Sports and Outdoors (ASO) report their latest financial results before the bell, among others. Casey's General Stores (CASY) posts earnings after the markets close.Gold slipped 0.1% to $4,359 per troy ounce, while bitcoin fell 1.1% to $62,725.

Dow JonesNasdaq CompositeS&P 500$ASO$CASY$INTC$MU$NVDA$QCOM$SAIL$SJM$UNFI

Asia45d ago

CECEP Solar Energy Logs Surge in Subsidies for Power Generation Project Companies

CECEP Solar Energy's (SHE:000591) photovoltaic power generation project companies have received 505 million yuan in renewable energy subsidies to date.The amount is 452% higher year over year, according to a Tuesday filing with the Shenzhen bourse.The photovoltaic energy company added that it has also received subsidy disbursement notices for five additional solar power generation projects.

SHE:000591

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