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CN Rail Reporting New Monthly Record for Propane Shipments to Watson Island

enCore Energy Announces Completion of Construction at the Upper Spring Creek ISR Uranium Project

enCore Energy (EU.V) announced Thursday the completion of the first phase of construction on the Upper Spring Creek In-Situ Recovery (ISR) Uranium Project's Satellite Remote Ion Exchange (IX) Plant.Construction of the first production wellfield, which will feed the IX Plant, is also nearing completion and will begin uranium extraction once final permits are received, said the company.Among the highlights of the first phase of the Upper Spring Creek ISR Satellite IX Plant construction, the company said that currently constructed portion of the satellite can process 1,600 gallons per minute (gpm) through the facility. This represents 50% of the satellite's planned flow capacity, said the company.The plant's flow capacity is in the process of being doubled, said the company, and added that before the end of June, 75% of the flow capacity is expected to be completed, and the plant is expected to be at 100% capacity by the end of July (3,200 gpm total capacity).The new plant will be capable of producing from the first Upper Spring Creek Project area once connected to the wellfields currently under construction, said the company.Drilling activities for the first 800-gpm module are complete, and wellfield infrastructure for this entire module is nearly completed, stated the company, and added that drilling and infrastructure activities for three other 800 gpm modules are "well underway". Module 2 drilling activities are about 90% complete, it added."This milestone reflects the dedication and teamwork of everyone involved," said William Sheriff, Executive Chairman. "The Upper Spring Creek Project strengthens the Company's operational capabilities by providing uranium-loaded resin feed for our fully licensed Rosita Central Processing Plant ("CPP"). We look forward to continuing this momentum as we move into the operational phase, which is planned in late 2026 once final permits are received."

$EU.V

Sectors48d ago

Sector Update: Health Care

Healthcare stocks were rising premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) 1.5% higher and the iShares Biotechnology ETF (IBB) advancing by 0.6%.Biogen (BIIB) shares were up more than 1% after the company said the US Food and Drug Administration has granted breakthrough therapy designation for Salanersen to treat spinal muscular atrophy, a rare, genetic and neuromuscular disease.

$BIIB

Mining & Metals48d ago

Canadian Banc Corp. Completes Overnight Offering of $103.3M

$BK.TO

Asia Markets48d ago

US Equity Futures Mixed Pre-Bell as Broadcom Falls, Clashes Continue in Middle East

US equity futures were mixed pre-bell Thursday as traders watched tech giant Broadcom's (AVGO) stock drop after the company posted its fiscal Q2 financial results and attacks continued in the Middle East.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were down 0.4%, and Nasdaq futures were 1.2% lower.Broadcom shares were down 15% in premarket activity as the company issued below-consensus guidance for fiscal Q3 AI-chip revenue.Kuwait reported that an Iranian missile and drone strike hit the country's international airport, killing one person and injuring dozens more. Iran claimed that it launched a retaliatory attack on US military bases in Kuwait after an earlier set of airstrikes by US forces.Traders also digested the latest round of earnings, with CrowdStrike (CRWD) posting higher fiscal Q1 adjusted earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3% at $94.89 per barrel and US West Texas Intermediate crude 3.2% lower at $92.97 per barrel.The weekly jobless claims bulletin, released at 8:30 am ET, showed 225,000 new unemployment claims for the week ended May 2, compared with the downwardly revised figure of 212,000 in the prior week, and it came in above the 215,000 expected, according to estimates compiled by Bloomberg. Q1 nonfarm productivity increased at a 0.3% annual rate, below forecasts for 0.4%, while unit labor costs increased 1.8%, compared with the 2.4% expected.Federal Reserve Richmond President Thomas Barkin and San Francisco President Mary Daly are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1.4% lower, Hong Kong's Hang Seng ended 1.5% lower, and China's Shanghai Composite finished 0.6% lower. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.6% higher in Europe's early afternoon session.In equities, CrowdStrike stock was down 10% after the company reported its fiscal Q1 financial results. ARM (ARM), Micron Technology (MU), and Marvell Technology (MRVL) shares were all down as part of a broader stock sell-off in the semiconductor industry. ARM shares fell 6%, Micron stock was down 6.4%, and Marvell shares dropped 5.9%.On the winning side, Eli Lilly (LLY) was up 1.3% after Ascidian Therapeutics said the company will receive exclusive, target-specific rights to Ascidian's RNA exon editing technology for undisclosed kidney disease targets in exchange for up to $1.9 billion under a new research partnership and licensing agreement. Costco Wholesale (COST) shares rose 2.3% after the company reported net sales of $24.01 billion for May, up from $20.97 billion a year earlier. RTX (RTX) stock was up 2.2% after the company said that its Raytheon unit was awarded a $515 million contract from the US Navy for the SPY-6 family of radars.

Dow JonesNasdaq CompositeS&P 500$ARM$AVGO$COST$CRWD$LLY$MRVL$MU$RTX

Sectors48d ago

Sector Update: Consumer

Consumer stocks were advancing premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 1.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.8% higher.Amazon.com (AMZN) shares were up more than 1% after the company said it will invest over 10 billion euros ($11.63 billion) to upgrade European fulfillment centers with new robotics while adding 25,000 regional positions.

$AMZN

Asia48d ago

MMG Unit to Obtain Logistics Services from Affiliate

MMG (HKG:1208) unit Khoemacau Copper Mining agreed to obtain logistics services from Minmetals Shipping (Singapore) from time to time, according to a Thursday Hong Kong bourse filing.Under the contract, the firm will receive international sea and overland shipping, logistics, and transportation services for a Khoemacau copper mine in Botswana from time to time for two years.Minmetals Shipping is a subsidiary of China Minmetals, the ultimate controlling shareholder of the firm.

HKG:1208

Sectors48d ago

Sector Update: Tech

Technology stocks were falling pre-bell Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 2.1% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.2% lower.Broadcom (AVGO) stock was down more than 14% after the company reported fiscal Q2 revenue that missed analysts' expectations.

$AVGO

Mining & Metals48d ago

PyroGenesis Closed $2 Million Private Placement

PyroGenesis (PYR.TO), a player in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, has completed its previously announced non-brokered private placement that was concurrent to a "bought deal" offering, it said Thursday.The "bought deal" closed previously on June 3, 2026, and combined, the concurrent private placement and the bought deal offering total approximately $6.2 million, the company added.The concurrent private placement was solely and entirely subscribed by P. Peter Pascali, the company's President and CEO, for 5,882,352 units at a price per Unit of $0.34, for gross proceeds to the company of $2 million, a statement noted.Each unit consists of one common share and also one common share purchase warrant of the company. Each warrant under the concurrent private placement entitles Pascali to purchase one common share of the company at a price of $0.42. Warrants to be issued to Pascali under the concurrent private placement expire 24 months from the closing date of the offering. All units acquired pursuant to the concurrent private placement will be subject to a hold period of four months pursuant to applicable Canadian securities laws, the statement also noted.The company said it intends to use the net proceeds from the offering and concurrent private placement for working capital and advancements of contracts and backlog.Shares in PYR edged down $0.005 to $0.225 in Canada yesterday.

$PYR.TO

Asia Markets48d ago

Saudi Equities End Week Lower; Lebanon, Israel Agree to Ceasefire Deal

The Tadawul Share All Share Index closed out the week lower at 0.11% in the red on Thursday as investors digested the latest updates on the Middle Eastern conflict.Lebanon and Israel agreed to a new ceasefire deal that was mediated by the US, Reuters reported. The new agreement is set to take effect within 24 hours. However, Israel said that it will continue its attacks on Hezbollah facilities in Lebanon, with the strikes in the Southern region of the country resulting in one fatality.Against this backdrop, the US House of Representatives voted for a war powers resolution that would potentially block President Donald Trump from continuing the conflict with Iran. The resolution will now be passed by the Senate, which must also approve the legislation."There was little clarity from Trump himself, who said the negotiations could complete over the weekend but could go on another two, three weeks. So tensions seemed to be ratcheting up again, and hopes for a durable peace deal continued to decline. Meanwhile, CNN reported yesterday that one of the key sticking points was monetary compensation for Iran. Otherwise, the US House of Representatives did vote against the Iran war in a 215-208 vote yesterday, after four Republicans joined with the Democrats. But in practice that won't end the military conflict, as the Senate would also need to pass it, and Trump could issue a veto as well," Deutsche Bank Research said in a note.Back at home, Saudi Vitrified Clay Pipes (SASE:2360) ticked down 0.81% as it entered into a 15-month deal to supply vitrified clay pipes, fittings, and accessories for a sewage networks project. The equipment will be used for the second phase of the Sabya Villages project.Meanwhile, the board of Marketing Home Group for Trading Co. (SASE:4194), d/b/a Build Station, resolved to distribute a dividend of 2.25 Saudi riyals per share for the first quarter. It will pay the dividend on June 16 to shareholders on record as of June 8. Shares of the trade and development company surged 9.98% at closing.

^TASISASE:2360SASE:4194

Commodities48d ago

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Thursday as Investors Weigh Economic Data

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4%, and the actively traded Invesco QQQ Trust (QQQ) fell by 1.2% in Thursday's premarket activity, as investors weighed economic data amid corporate earnings.US stock futures were mixed, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures gaining 0.4%, and Nasdaq futures retreating 1.3% before the start of regular trading.US employers announced 97,006 planned job cuts in May, the highest total for the month since 2020, driven largely by reductions in the technology sector, according to Challenger, Gray & Christmas on Thursday.US initial jobless claims rose to 225,000, above expectations of 215,000 and up from 212,000 in the prior week.US nonfarm productivity growth for the first quarter was revised down to an annualized rate of 0.3% from a preliminary estimate of 0.8%, falling short of expectations for a 0.4% increase, while unit labor cost growth was revised down to 1.8% from 2.3%, below forecasts of a 2.4% gain.Weekly natural gas stocks are due to be released at 10:30 am ET.Federal Reserve Richmond President Thomas Barkin and San Francisco President Mary Daly are slated to speak on Thursday.In premarket action, bitcoin was down by 4.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 4.4% lower, Ether ETF (EETH) retreated 3.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined by 3%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 1.5%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 1.4%. The iShares US Consumer Staples ETF (IYK) was 0.8% higher. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advanced by 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.5%.LGI Homes (LGIH) shares were down more than 4% pre-bell after falling 5% at the prior close. The company said late Wednesday that it closed 498 homes in May, compared with 416 homes a year earlier.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1.5%, the Vanguard Health Care Index Fund (VHT) was up 1.2%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 1% higher.BrightSpring Health Services (BTSG) stock was down more than 3% premarket after the company said late Wednesday it has priced a secondary offering by certain shareholders of 15 million shares at $58.75 per share.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.8%, while the Vanguard Industrials Index Fund (VIS) was flat and the iShares US Industrials ETF (IYJ) was up 1%.X-Energy (XE) stock was down more than 3% before the opening bell after the company reported a wider Q1 net loss.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.3%, and the iShares US Technology ETF (IYW) was 1.6% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 2.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) fell by 3.8%, while the iShares Semiconductor ETF (SOXX) declined by 4.3%.Accenture (ACN) shares were up more than 2% in premarket activity after the company agreed to a deal to embed AI and digital technologies in the operations of Tokyo Electric Power subsidiary TEPCO Solution Advance.EnergyThe iShares US Energy ETF (IYE) gained 0.1%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.7%.Clean Energy Fuels (CLNE) stock was up more than 1% before the opening bell after the company said it has begun producing renewable natural gas at its East Valley Dairy facility in Jerome, Idaho, its eighth dairy RNG project.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 3% lower.Marsh & McLennan (MRSH) shares were up more than 1% pre-bell after the insurance broker and certain units signed a new $4.25 billion multi-currency unsecured five-year revolving credit facility with Citibank (C).CommoditiesFront-month US West Texas Intermediate crude oil retreated by 3.7% to $92.46 per barrel on the New York Mercantile Exchange. Natural gas was up 1.2% to $3.25 per 1 million British Thermal Units. The United States Oil Fund (USO) fell by 3.9%, while the United States Natural Gas Fund (UNG) was 1.1% higher.Gold futures for July gained by 1.6% to $4,539.90 an ounce on the Comex. Silver futures advanced by 1.5% to $74.77 an ounce. SPDR Gold Shares (GLD) was up by 1.1%, and the iShares Silver Trust (SLV) increased by 1.3%.

Dow JonesNasdaq CompositeS&P 500$ACN$BETH$BITO$BTSG$C$CLNE$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LGIH$MRSH$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XE$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Asia48d ago

Dickson Concepts' Full-Year Profit Rises 26%; Dividend Declared

Dickson Concepts (International) (HKG:0113) recorded an attributable profit of HK$248.9 million for the year ended March 31, up 26% from HK$198 million a year prior, according to a Thursday Hong Kong bourse filing.Earnings per share jumped to HK$0.645 from HK$0.504 in the corresponding period of the previous fiscal year.The luxury goods company's revenue for the year increased 3.5% to HK$1.99 billion from HK$1.92 billion in the year-ago period.The firm attributed the higher profit to an exchange gain from the revaluation of its assets denominated in US dollars, a rise in retail turnover, and an increased profit contribution from its investment portfolio.The firm recommended a final dividend of HK$0.25 per ordinary share, compared to no dividend the previous year.The dividend will be paid on or around Aug. 21 to shareholders of record on Aug. 14.

HKG:0113

International48d ago

Q1 US Nonfarm Productivity, Unit Labor Cost Growth Revised Lower

Nonfarm productivity was revised down to a 0.3% growth pace in Q1 from a 0.8% increase in the previous estimate, below a 0.4% gain expected in a survey of analysts compiled by Bloomberg as of 7:30 am ET and following a 1.6% gain in Q4.Output growth was revised lower while hours worked growth was unrevised.As a result of the downward adjustment to productivity and a larger downward adjustment to hourly compensation, unit labor costs were revised lower to a 1.8% gain from the previously reported 2.3% gain. Unit labor costs rose by 2.1% in Q4.

Treasury48d ago

Canada Has "Sclerotic" Demand and Supply Curve in The Economy, Says Rosenberg Research

Rosenberg Research said it remains amazed that the money market and some corners of Bay Street continue to believe the Bank of Canada will exercise its option from its recent statements and make the next move a rate hike.Rosenberg Research continues to bet against that view, as does the Canadian dollar (CAD or loonie), which has beaten a path back toward $1.39 after testing $1.3550 in early May -- and that is with a higher oil price.It's reflective of the state of the Canadian economy, which is close to being graded an "F" with back-to-back mild gross domestic product contractions and a technical recession also evident in productivity, which dipped by 0.5% at an annual rate in Q1 -- consensus was a 0.3% gain -- after receding 0.3% in Q4 of last year, stated Rosenberg.Outside of the Artificial Intelligence boom, there is absolutely zero vitality in the United States economy, but the situation in Canada is "far more dire," with pronounced weakness both on the demand and supply sides of the economy, added Rosenberg.

$CAD$CXY

Sectors48d ago

Oil Prices Fall as Israel and Lebanon Reach a Ceasefire Deal, Easing the Way to a Potential U.S.-Iran Truce

Oil prices retreated early on Thursday as Israel and Lebanon agreed to a ceasefire, one of Iran's key demands for agreeing for a deal of its own to end the war with the United States and reopen the Strait of Hormuz.West Texas Intermediate crude oil for July delivery was last seen down US$2.98 to US$93.04 per barrel, while August Brent oil was down US$2.97 to US$94.84.Reuters reported Israel and Lebanon's truce agreement is contingent on the evacuation of Iran-backed Hezbollah militants leaving southern Lebanon and ending its fight against Israel, which has taken control of the country's south.The deal may raise the odds of the United States and Iran will come to an agreement to end their war, which is now in its fourth month and flared up again this week. Iran blocked the Strait of Hormuz at the start of the war, choking off most oil exports from the Persian Gulf nations that supplied a fifth of daily demand.The lack of Persian Gulf supply has left the Asian nations struggling to replace the lost barrels, while U.S. exports have surged, cutting into its inventories."Crude oil trades softer but remains near the upper end of Brent's recent USD 90-100 range after the Israel-Lebanon ceasefire announcement. The move follows another day of US and Iranian military action across the region. While flows through the Strait of Hormuz remain severely disrupted, global supply buffers continue to shrink. In the US, a sixth consecutive weekly inventory draw saw stockpiles at Cushing, the delivery hub for WTI futures, fall to 22.4 million barrels, edging closer to levels widely considered near the operational minimum," Saxo Bank noted.

$CLN6$LCOQ6$USO

Mining & Metals48d ago

Agnico Eagle Buys Prism Resources' Interest In Ontario Royalty

Agnico Eagle Mines (NYSE and TSX: AEM) has agreed to purchase Prism Resources Inc.'s right, title and interest in and to a 7.5% net profit interest royalty over certain properties in the Porcupine Mining District of Ontario owned by Agnico in exchange for $5 million in cash, the company said Thursday.The transaction is subject to a number of customary closing conditions, including approval by Prism's shareholders and receipt of acceptance of the TSX Venture Exchange. Subject to satisfaction of the closing conditions, the transaction is expected to close in the third quarter of 2026, AEM added.Agnico Eagle said it is not acquiring any common shares or other securities in the capital of Prism in connection with the transaction. Immediately before and after the execution and delivery of the Royalty Purchase Agreement, Agnico Eagle owned 5.75 million common shares, representing approximately 11.07% of the issued and outstanding common shares on a non-diluted basis.AEM added: "The transaction is expected to result in the sale or transfer of a material amount Prism's assets and may result in a material change in Prism's business. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional common shares or other securities of Prism or dispose of some or all of the common shares or other securities of Prism that it owns at such time."AEM was down $9.04 or 3.65% to $238.71 in Canada yesterday.

$AEM.TO$PRS-H.V

International48d ago

US Initial Jobless Claims Rise in Week Ended May 30

US initial jobless claims rose to a level of 225,000 in the week ended May 30 from a downwardly revised 212,000 level in the previous week, compared with expectations for a 215,000 level in survey of analysts compiled by Bloomberg as of 7:30 am ET.The four-week moving average jumped by 6,500 to 214,750 after increasing by 5,500 to a level of 208,250 in the previous week.Insured jobless claims fell by 8,000 to 1,777,000 in the week ended May 23.The weekly initial jobless claims data released by the US Labor Department measures filings for unemployment insurance benefits. Initial filings are reported through the previous Saturday, while those already on benefits are measured with a one-week lag.A decrease in claims suggests a stronger labor market, a positive for the US economy and stocks, but a negative for bonds as it suggests wage growth that could lead to inflation.

Research48d ago

Morgan Stanley Lowers eXtra's PT, Affirms at Equalweight

Morgan Stanley on Thursday lowered the price target for consumer electronics and home appliances company United Electronics Co. (SASE:4003), d/b/a eXtra, to 88 Saudi riyals from 93 riyals and affirmed its equal weight rating.(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)

SASE:4003

Research48d ago

SBG Securities Upgrades Ninety One Group to Buy, Lifts PT

SBG Securities on Thursday upgraded asset manager Ninety One Group (N91.L) to buy from hold and increased its price target to 2.46 pounds sterling from 2.43 pounds.(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)

$N91.L

Research48d ago

AlphaValue/Baader Europe Downgrades Neste to Sell, Lifts PT

AlphaValue/Baader Europe on Thursday downgraded Finnish oil refiner and biofuels producer Neste (NESTE.HE) to sell from reduce and increased the price target to 25.60 euros from 25.40 euros.(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)

$NESTE.HE

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Commodities48d ago