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KLX Energy Services Buys Assets of Wolfpack Rentals for $17 Million

KLX Energy Services (KLXE) acquired the assets of surface rental solutions provider Wolfpack Rentals for $17 million, the company said late Tuesday.The deal is expected to be immediately accretive across all KLX's financial metrics, the company said.The purchase price includes $14 million paid at closing and two deferred payments of $1.5 million each due six months and 12 months after closing, subject to customary post-closing adjustments, the company added.KLX said the deferred payments may be made in cash or shares of its common stock at the company's sole discretion.Shares of KLX were up 2.3% in after-hours activity.

$KLXE

Mining & Metals48d ago

Kodiak Copper Upsizes Private Placement to C$13.1 Million

Kodiak Copper (KDK.V) after trade Tuesday said it upsized its best-effort private-placement financing to C$13.1 million from C$10 million "as a result of strong investor demand."The offering includes up to 8.34-million flow-through shares priced at C$1.271 each, expected to raise about C$10.6 million, and up to 3.05-million common shares at C$0.82 each, expected to raise about C$2.5 million, the company said, adding that the underwriters have an option to sell additional shares equal to up to 15% of the offering size.Proceeds will be used for working capital and general corporate purposes. The offering is set to close around June 25, subject to certain conditions including approval from the TSX Venture Exchange, the company said.Kodiak shares closed down C$0.07 to C$0.83 on the TSX Venture Exchange.

$KDK.V

Research48d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Dollar General Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target to $123 from $151, based on ~17x our FY 27 (Jan.) EPS estimate of $7.25 (raised from $7.21). Our FY 28 EPS estimate is lowered to $7.84 from $7.88. This compares with the stock's long-term average forward P/E of 18x. Despite a solid Apr-Q EPS beat and an increase to full-year EPS guidance, we maintain our Hold rating, as we see elevated risk in the back half of the year. Key concerns include ongoing pressure on low-income consumer spending, potential freight and fuel cost headwinds, and intensifying competition as peers increasingly lean on targeted promotions to drive value perception. We also note that the company's higher full-year EPS outlook was supported in part by a lower effective tax rate and better-than-expected Apr-Q results, suggesting the underlying operating outlook for the remainder of the year is largely unchanged. Comps also become more challenging in upcoming quarters, particularly on the gross margin line.

$DG

Mining & Metals48d ago

BriaCell Therapeutics Rises After Hours as It Closes a $4.7-Million Share Offering

BriaCell Therapeutics (BCT.TO, BCTX) was last seen up 5.5% in after-hours Nasdaq trading after the company on Tuesday the closing of its best-efforts share offering that raised $4.7 million.The company placed 1.45-million shares priced at $3.25 each in the offer..The company intends to use proceeds from the offering for working capital requirements, general corporate purposes, and the advancement of business objectives.BrieCell shares were up US$0.18 at last look to US$3.45, after closing down C$0.05 to C$4.51 on Toronto Stock Exchange.

$BCT.TO$BCTX

Insider Trading48d ago

Macom Technology Solutions Holdings Insider Sold Shares Worth $5,789,100, According to a Recent SEC Filing

Stephen G Daly, Director, President and CEO, on May 29, 2026, sold 15,828 shares in Macom Technology Solutions Holdings (MTSI) for $5,789,100. Following the Form 4 filing with the SEC, Daly has control over a total of 38,389 common shares of the company, with 38,389 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1493594/000090445426000328/xslF345X05/edgar.xml

$MTSI

Commodities48d ago

Market Chatter: Energy Producers in Venezuela Need to Provide Own Electricity

Energy companies seeking to develop oil and natural gas projects in Venezuela will be required to provide their own electricity generation under proposed regulations aimed at insulating operations from the country's chronically unreliable power grid, Bloomberg reported on Tuesday.Draft regulations for Venezuela's new hydrocarbons law reportedly require companies operating in oil and gas regions to be self-sufficient in power generation and could also permit private firms to supply electricity directly to energy projects, Bloomberg said, citing a copy of the draft circulated in mid-May.The measures mark a significant shift from past policy, effectively requiring new projects to operate independently of the national grid to avoid adding strain to an electricity system weakened by years of underinvestment and maintenance failures.The push gained momentum following the US removal of former President Nicolas Maduro in January, the subsequent easing of US sanctions, and the installation of a new government led by former Vice President Delcy Rodriguez. The political changes have triggered renewed investor interest in the oil and gas sector.The proposed regulations are designed to protect Venezuela's fragile electricity network, where frequent outages disrupt daily life and hinder petroleum production.Oil extraction relies heavily on electric motors that are highly sensitive to fluctuations in grid frequency. When irregularities occur, motors automatically shut down, forcing operators to restart wells either remotely or manually and resulting in production losses.Over 95% of Chevron's (CVX) wells in the Orinoco region depend on the national grid, while fewer than 5% are powered by generators, Bloomberg said.Chevron and the Venezuelan Information Ministry did not immediately respond to' requests for comment.Venezuela relies primarily on hydroelectric generation, supplemented by plants fueled by natural gas and fuel oil.Hydroelectric facilities are currently operating at about 60% of capacity, while thermoelectric plants are producing only 20% of their potential output, Bloomberg said, citing Miguel Lara, an adviser to foreign energy companies and former head of Venezuela's power planning agency.Lara reportedly said 35 power outages were recorded between January and April and estimated the country faces an electricity deficit of between 2,000 and 3,000 megawatts.(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.)

$CVX

US Markets48d ago

Palo Alto Networks Tops Quarterly Views; Shares Climb After Hours

Palo Alto Networks (PANW) late Tuesday reported stronger-than-expected fiscal third-quarter results as an artificial intelligence boom drove demand for cybersecurity.Adjusted per-share earnings rose to $0.85 for the three months through April 30 from $0.80 a year earlier, beating the consensus on FactSet of $0.79. Revenue grew 31% to $3 billion, above analysts' $2.94 billion estimate."(Third quarter) was a standout quarter for Palo Alto Networks, with accelerating organic bookings growth as customers turn to us to secure their AI deployments at scale," Chief Executive Nikesh Arora said in a statement. "The latest advancements at the AI frontier have increased the level of urgency around cybersecurity, and redefined the shape of the industry for the coming years."Subscription and support revenue advanced to $2.41 billion from $1.84 billion in the year-ago period, while product sales increased to $594 million from $453 million.The cybersecurity firm's stock climbed 11% in after-hours trading, and has gained 61% this year through Tuesday close.Morgan Stanley expected solid results at Palo Alto amid favorable partner commentary and demand momentum.Palo Alto raised its fiscal 2026 adjusted EPS guidance to between $3.77 and $3.79 from $3.65 to $3.70 previously projected. The consensus estimate indicates $3.68. Revenue is pegged at $11.415 billion to $11.425 billion, compared with the prior outlook that called for $11.28 billion to $11.31 billion. Wall Street is modeling for $11.3 billion.For the fourth quarter, the company anticipates reporting adjusted EPS of $0.96 to $0.98 on revenue of $3.345 billion to $3.355 billion. The Street is looking for $0.94 and $3.28 billion, respectively.Palo Alto Networks has closed several acquisitions this year, including those of observability platform Chronosphere and CyberArk.

$PANW

Mining & Metals48d ago

INEO Tech Brief: Company's to One-For-10 Share Consolidation Takes Effect on June 5

$INEO.V

Insider Trading48d ago

Vita Coco Company Insider Sold Shares Worth $603,777, According to a Recent SEC Filing

Charles van Es, Chief Commercial Officer, on June 01, 2026, sold 8,045 shares in Vita Coco Company (COCO) for $603,777. Following the Form 4 filing with the SEC, van Es has control over a total of 59,085 common shares of the company, with 59,085 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1482981/000148298126000138/xslF345X05/form4.xml

$COCO

Commodities48d ago

Redirecting Gasoline Subsidies to EVs Could Improve Japan's Energy Security, IEEFA Says

Japan could strengthen energy security by accelerating electric vehicle adoption and reducing oil demand rather than seeking new crude suppliers, the Institute for Energy Economics and Financial Analysis said Tuesday.To limit supply disruptions, Japan has released oil reserves, pursued alternative crude imports, and subsidized domestic fuel wholesalers, yet the country still sourced 94% of its oil imports from the Middle East in 2025 despite spending more than 9 billion Japanese yen ($56.3 million).Although Japan cut annual crude oil consumption by 40% between 2000 and 2024, oil still accounted for 34.5% of primary energy supply in 2024 and remained high relative to other Group of Seven economies, IEEFA said.Utilities drove much of the decline in oil use, with fuel-oil consumption falling 69.3% from its 1994 peak to 2023 as power producers shifted away from oil-fired generation following energy-market reforms, rising costs, and greater use of liquefied natural gas and renewable energy.Kerosene demand dropped more than 62% between its 2000 peak and 2023 as electric heating systems gained popularity, building efficiency improved, and warmer winters reduced consumption, leaving usage concentrated mainly in the Tohoku region, the report said.Transportation remains a major source of oil demand, with gasoline, diesel, and jet fuel accounting for 27%, 24% and 8% of petroleum-product consumption in 2023, while gasoline use fell 27.8% from its 2005 peak and diesel demand declined 26.5% from its 1997 peak.Japan has explored new crude sources by discussing investments in Alaska in March 2026 and agreeing to import 1 million barrels from Mexico a month later, but IEEFA said that falling production in both regions could limit meaningful supply growth.Alaska's oil production fell 80% between 1988 and 2025 and may require up to a decade to deliver significant new output, while Mexico's crude production declined by more than 50% between 2004 and early 2024.A more effective way to strengthen Japan's energy security would be to reduce domestic oil consumption by accelerating transport electrification, as replacing disrupted imports would still leave the country exposed to global oil price swings.Japan has targeted 300,000 EV charging sites by 2030 and aims for electrified vehicles to account for 100% of new passenger-vehicle sales by 2035. EV charging locations have already increased by 41% over the year to 68,000 sites as of March 2025, IEEFA said.Japan allocated 129 billion Japanese yen for EV purchases in fiscal 2024 and another 5.5 billion Japanese yen to support charging and energy-storage equipment, IEEFA said.The report said Japan spent 6 trillion Japanese yen on gasoline subsidies between 2022 and 2024, compared with 171 billion Japanese yen for EV purchases and charging infrastructure, and argued that redirecting more funding toward EV incentives, battery production, and the used-EV market could reduce oil dependence and improve long-term energy security.Japan's EV adoption remains the slowest among Group of Seven countries, with electric vehicles accounting for just 3% to 4% of new passenger-vehicle sales between 2022 and 2024, IEEFA said.Japan should shift part of its gasoline-subsidy spending toward EV purchases, charging infrastructure, and domestic battery production to lower vehicle costs and accelerate the electrification of transport, IEEFA said.The report also urged policymakers to strengthen the used-EV market, noting that about 80% of unsold used EVs are exported, while arguing that broader EV adoption would reduce crude-oil dependence and improve Japan's energy security.

Japan48d ago

US Equity Markets Extend Rally to Records on AI Momentum, Jobs Data

US equity indexes closed higher Tuesday as the three major gauges extended a rally to records, fueled by the AI boom and stronger-than-expected jobs data.* US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg poll and up from the 6.887 million reported in March.* Redbook US same-store sales last week rose 9% from a year earlier, matching the pace in the previous week.* July West Texas Intermediate crude oil rose $1.56 to settle at $93.72 per barrel, while August Brent crude, the global benchmark, was last seen up $1.12 at $96.08 amid conflicting reports of the status of peace talks between Washington and Tehran.* Marvell Technology (MRVL) shares surged 32%, the biggest gain on the Nasdaq, after multiple news outlets reported the chipmaker was dubbed the next trillion-dollar company by Nvidia (NVDA) CEO Jensen Huang.Hewlett Packard Enterprise (HPE) shares jumped 19%, a day after as the company lifted its full-year outlook and reported stronger-than-expected fiscal second-quarter results.* Intuit (INTU) shares fell 9%, the second-largest drop on the Nasdaq, after Goldman Sachs downgraded the stock to sell from neutral and cut its price target to $276 from $519.

Dow JonesNasdaq CompositeS&P 500$INTU$MRVL$NVDA

Mining & Metals48d ago

Lumine Group Agrees to Acquire Video Network Business from Synamedia

Lumine Group (LMN.V) Tuesday said it agreed to acquire the Video Network Business from Synamedia, its 16th corporate carve-out transaction, it said in a statement.UK-headquartered Synamedia is a provider of video software solutions to operators, broadcasters and media companies."The Synamedia Video Network business will be a meaningful addition to Lumine's growing media ecosystem," said Tony Garcia, Lumine's chief operating officer. "On completion, this acquisition will deepen our presence in the media supply chain domain, with particular focus on video processing, broadcast delivery and live streaming. Consistent with Lumine's decentralization strategy, the business will operate independently under its primary product name, Quortex."The acquisition is anticipated to close in the near future, subject to customary closing conditions and completion of applicable employee consultation processes, the company said.Shares of the company closed down $0.86 to $21.89 on the TSX Venture Exchange.

$LMN.V

Mining & Metals48d ago

Canadian Pacific Kansas City Sets May Record for Canadian Grain Shipments

Canadian Pacific Kansas City (CP.TO) after trade Tuesday said it set a new May record for transporting Canadian grain and grain products, moving 2.9-million tonnes during the month.The company also set a new May record with 30,324 grain carloads, surpassing the previous record established in May 2020, it added.So far in the 2025-2026 crop year, CPKC has transported more than 25.3-million tonnes of Canadian grain and grain products, marking its strongest performance since the record-setting 2020-2021 crop year, according to the statement."It is critical that all supply chain participants, including customer loading facilities and terminal operators loading grain into vessels at ports, operate at full capacity to sustain this strong momentum," the company added.The railway's shares closed up $2.12 to $124.79 on the Toronto Stock Exchange.

$CP.TO

Wire48d ago

TETRA Technologies Launches $100 Million Common Stock Offering

TETRA Technologies (TTI) said Tuesday it commenced an underwritten public offering of $100 million of shares of common stock.The company said it expects to grant underwriters a 30-day option to buy up to an additional $15 million of shares to cover over-allotments.Proceeds will be used for general corporate purposes, including funding construction of its Arkansas bromine project, according to a statement.Shares of the company were down over 9% in extended trading.

$TTI

Insider Trading48d ago

Netflix Insider Sold Shares Worth $33,244,035, According to a Recent SEC Filing

Reed Hastings, Director, on June 01, 2026, sold 386,700 shares in Netflix (NFLX) for $33,244,035. Following the Form 4 filing with the SEC, Hastings has control over a total of 21,163,516 common shares of the company, with 3,940 shares held directly and 21,159,576 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1065280/000106528026000188/xslF345X05/wk-form4_1780431227.xml

$NFLX

Insider Trading48d ago

Roblox Insider Sold Shares Worth $777,139, According to a Recent SEC Filing

Gregory Baszucki, Director, on June 01, 2026, sold 16,666 shares in Roblox (RBLX) for $777,139. Following the Form 4 filing with the SEC, Baszucki has control over a total of 10,714,069 Class A common shares of the company, with 5,185 shares held directly and 10,708,884 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1315098/000131509826000136/xslF345X05/wk-form4_1780431236.xml

$RBLX

Treasury48d ago

TSX Closer: The Index Posts a Fresh Record Close; Morningstar On Best- and Worst-Performing Canada Stocks

The resources-heavy Toronto Stock Exchange closed at a fresh record high on Tuesday, boosted by higher commodity prices and confidence the equity market fundamentals in place for most of the last two months will continue.The S&P/TSX Composite Index closed up 434.57 points, or 1.25%, to 35,169.46, with most sectors higher. The prior record close of 34,830 was set on May 25.The index was led higher by Base Metals, up 4%, followed by the Battery Metals Index, up 2.7%, and then Energy, up 2.4%. In contrast, Health Care was down 1.2% and Telecom down near 0.75%.According to FactSet the TSX was, going in to today, up 10.91% from its 2026 closing low of 31,317.41 hit Friday, March 20, and year to date up 3,022.13 points or 9.53%.Morningstar Canada published a note entitled 'Best- and Worst-Performing Canadian Stocks' in which it notes The Morningstar Canada Large-Mid Cap Index rose 2.35% in May, amid a rally in the communication-services sector. The index tracks the top 90% of the Canadian investable universe by market cap, and each month, Morningstar screens it for the best- and worst-performing companies.Among the best performing stocks of May 2026, Morningstar cited Capstone Copper (CS.TO), HudBay Minerals (HBM.TO), First Quantum Minerals (FM.TO), Air Canada (AC.TO) and Lundin Mining (LUN.TO).Among the worst performing stocks of May 2026, it cited Stantec (STN.TO), GFL Environmental (GFL.TO), Element Fleet Management (EFN.TO), Energy Fuels (EFR.TO) and WSP Global (WSP.TO).Of commodities, gold was higher late afternoon Tuesday, but fell back from early highs as the dollar rose. Gold for July delivery was last seen up US$11.30 to US$4,517.60 per ounce, after earlier touching $4,571.30.Also, West Texas Intermediate crude oil closed higher, rising off session lows following reports Iran is considering a new U.S. peace deal to end the war, a day after prices surged after the two sides appeared to be on the brink of resuming hostilities. WTI crude oil for July delivery closed up $1.60 to settle at US$93.76 per barrel, after earlier touching US$90.12. August Brent oil was up US$1.01 to US$95.99.

S&P/TSX CompositeS&P/TSX Composite$CXY$AC.TO$CS.TO$EFN.TO$EFR.TO$FM.TO$GFL.TO$HBM.TO$LUN.TO$STN.TO$WSP.TO

Wire48d ago

Palo Alto Networks Fiscal Q3 Adjusted Earnings, Revenue Rise; Shares Gain After-Hours

Palo Alto Networks (PANW) reported fiscal Q3 adjusted earnings late Tuesday of $0.85 per diluted share, up from $0.80 a year earlier.Analysts polled by FactSet expected $0.79.Revenue for the three months ended April 30 was $3 billion, up from $2.29 billion a year earlier.Analysts surveyed by FactSet expected $2.94 billion.For fiscal Q4, the company expects adjusted EPS of $0.96 to $0.98 on revenue of $3.35 billion to $3.36 billion. Analysts expect $0.94 and $3.28 billion, respectively.For full-year fiscal 2026, the company now expects adjusted EPS of $3.77 to $3.79 on revenue of $11.42 billion to $11.43 billion, up from the prior forecast of adjusted EPS of $3.65 to $3.70 on revenue of $11.28 billion to $11.31 billion.Analysts expect $3.68 and $11.30 billion, respectively.Shares of Palo Alto Networks rose about 9% in after-hours activity.

$PANW

Commodities48d ago

US Biofuels Update: Seasonal Selling Pushes Soybean, Soybean Oil Futures Lower

Biofuels feedstock futures closed lower on Tuesday, with the seasonal sell-off continuing, and bearish traders keep a grip on the markets.The Chicago Board of Trade July soybean futures contract closed 1.31% lower at $11.65 per bushel, while the CBOT July soybean oil futures contract settled 0.86% lower at 78.41 cents per pound.The Nymex July ethanol futures contract settled 0.74% lower on Monday at $2 per gallon.Rhett Montgomery, a DTN analyst, said this is the time of the year when outside investors lighten up on soybean and corn positions.Bearish traders kept their grip on the market on Tuesday, seeing the favorable early growing conditions and decent crop ratings from the US Department of Agriculture on Monday as reason enough to bail out of long positions and bet on prices grinding lower through the summer months, Montgomery said."Outside market influence has gone largely ignored through the week thus far, with President Trump stating that talks with Iran are ongoing despite reports to the contrary on Monday," he added.With the significant rise in crush premiums through 2026 amid strong domestic soybean oil demand for biofuel production and strong meal demand for feed, traders will likely be looking for another revision higher to the USDA's forecast in the June World Agricultural Supply and Demand Estimates next week, Montgomery noted.

Insider Trading48d ago

Capri Holdings Insider Sold Shares Worth $1,706,919, According to a Recent SEC Filing

Krista A McDonough, Chief Legal & Sustainability Officer, on May 29, 2026, sold 92,236 shares in Capri Holdings (CPRI) for $1,706,919.SEC Filing:https://www.sec.gov/Archives/edgar/data/1530721/000095014226001592/xslF345X05/es260787928_4-mcdonough.xml

$CPRI

Showing 24181-24200 of 58632

Commodities48d ago