Financial News · Live Terminal

Page 1222 of 2859

Update: Gold Trading Higher Again on Expectations the U.S. and Iran are Near a Peace Deal

(Updates prices.)Gold traded higher for a second day midafternoon on Friday as the dollar weakened on expectations the U.S. war on Iran is nearing an end, pushing oil prices lower and easing the inflation worries that have pushed up the currency.Gold for July delivery was last seen up US$60.70 to US$4,593.10 per ounce.The Wall Street Journal reported U.S. Treasury Secretary Scott Bessent said the Trump Administration is near a deal to end the war, which enters its fourth month today. The paper said President Trump is pressing Iran for a commitment to surrender its stocks of enriched uranium and fully reopen the Strait of Hormuz. Thursday reports that the two countries have extended a ceasefire for 60 days, are also pushing oil prices lower and easing worries energy inflation will force central banks to raise interest rates."The easing of energy-driven inflation concerns helped push bond yields and the dollar lower, providing support to bullion," Saxo Bank noted.The dollar fell, with the ICE dollar index last seen down 0.13 points to 99.06. Treasury yields eased, with the U.S. two-year not last seen paying 4.01%, down 2.1 basis points, while the yield on the 10-year note was unchanged at 4.448%.

$GCN6$GLD

Mining & Metals49d ago

CIBC Lifts BRP Price Target to $94.00, Keeps Outperformer Rating

CIBC Capital Markets raised its price target on the shares of BRP (DOO.TO) to $94.00 from $90.00 after the company reported a strong beat for its first-quarter results.Analyst Mark Petrie, who is maintaining an outperformer rating on the company, said consumer demand held better than expected.Management provided updated F2027 guidance including the effects of Section 232 tariffs, and metrics were better than feared, Petrie adds."While there is still substantial uncertainty on the specific path for tariffs, we believe risk skews in BRP's favour." Even though there is still downside to shares if this does not play out, Petrie believes the risk-reward is favourable, and BRP has levers should the downside scenario materialize.Price: $79.01, Change: $-1.92, Percent Change: -2.37%

$DOO.TO

Mining & Metals49d ago

Copper Lake Resources Appoints Toby Pierce and Tania Archer to Board of Directors

Copper Lake Resources (CPL.V) on Friday said it appointed of Toby Pierce and Tania Archer to its board of directors, effective immediately.Pierce is a "recognized entrepreneur", investor, and public company executive with "extensive experience" in capital markets, strategic growth, and resource development, said the company. He has played a leadership role in the "advancement and financing of numerous public companies and brings significant expertise in corporate strategy, investor relations, and business development," stated the company.Archer is an "experienced" executive and corporate strategist with a broad background in operational development, capital markets, and corporate communications across the junior venture and emerging growth sectors, said the company. She has worked closely with a number of publicly listed companies in the mining, wealth management and technology sectors and brings a "strong background" in stakeholder engagement, corporate development, and strategic execution, added the company."We are very pleased to welcome Toby Pierce and Tania Archer to the Board of Copper Lake Resources," said Terry MacDonald, Chief Executive Officer. "Toby brings a strong entrepreneurial and capital markets background, while Tania contributes comprehensive expertise in corporate strategy, communications, and investor engagement. Their combined expertise and networks will be valuable assets as we continue advancing Copper Lake's projects and positioning the Company for future growth."The appointments remain subject to the approval of the TSX Venture Exchange.The company's shares last traded May 28, closing at $0.225 on the TSX Venture Exchange.

$CPL.V

Mining & Metals49d ago

Neo Performance Materials Share Price Target Raised to $44.00 at Stifel Canada

Stifel Canada raised its price target on the shares of Neo Performance Materials (NEO.TO) to $44.00 from $38.00 and maintained a buy rating after the company closed a $115.0 million equity raise.Funds will be used to help the company "sustainably" deliver over US$120 million of EBITDA annually, analyst Ian Gillies writes.The largest portion of the proceeds will be to move Estonia Phase 1B forward and to automate the Estonia plant. With Estonia phase 1B effectively ready to move forward, Gillies is now including the present value of run rate EBITDA in his target price methodology. "We continue to believe that NEO is an excellent avenue to invest in rare earths given its global commercial production, well-defined operational platform and relatively inexpensive valuation."The stock has performed well since the offering date, up 16% (S&P/TSX: 0.7%), suggesting strong support, he adds.Price: $32.28, Change: $-2.10, Percent Change: -6.11%

$NEO.TO

Sectors49d ago

Sector Update: Financial Stocks Rise Friday Afternoon

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.9%.The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.8%.Bitcoin (BTC-USD) was increasing 0.7% to $74,012, and the yield for 10-year US Treasuries was decreasing one basis points to 4.45%.In economic news, the Institute for Supply Management's Chicago PMI reading jumped to 62.7 in May from 49.2 in April, larger than the expected 50.3 reading in a survey compiled by Bloomberg and the highest reading in over four years.In corporate news, Apollo Global Management (APO) has received the European Commission's approval for its funds under Apollo Capital Management to buy Nippon Sheet Glass, according to a statement. Separately, Apollo-backed Shutterfly is marketing about $1.9 billion in loans and bonds, including $1.15 billion in junk notes, to refinance upcoming maturities, Bloomberg reported. Apollo shares rose 2.5%.UBS (UBS) cut several hundred jobs across its Europe, Middle East and Africa operations in its latest round of reductions linked to the 2023 Credit Suisse takeover, Bloomberg reported. The cuts mainly affected support roles, with some client-facing bankers also impacted, the report said, adding that some employees were offered internal redeployment as UBS works to limit redundancies. UBS shares added 0.7%.Bank of Nova Scotia (BNS) said Friday it has agreed to acquire Maple Financial, the parent company of MapleMark Bank, a US commercial bank with operations mainly in Dallas, Texas. Bank of Nova Scotia shares were down 0.6%.

$APO$BNS$UBS

Sectors49d ago

Sector Update: Energy Stocks Retreat Friday Afternoon

Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index down 0.7% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.9%.The Philadelphia Oil Service Sector Index was decreasing 0.7%, and the Dow Jones US Utilities Index was down 0.6%.In sector news, the US and Iran have agreed to a memorandum of understanding to extend a ceasefire between the countries and begin talks on Tehran's nuclear program, Axios reported Thursday. However, Trump is yet to sign off on the deal, according to the report. In a social media post Friday morning, Trump said he was heading to the White House Situation Room "to make a final determination," as he announced an end to the naval blockade against Iran.Front-month West Texas Intermediate crude oil fell 2% to $87.14 a barrel, and the global benchmark Brent crude contract dropped 1.9% to $91.93 a barrel. Henry Hub natural gas futures climbed 5% to $3.04 per 1 million BTU.In corporate news, Exxon Mobil (XOM) is projecting oil prices to shoot up once again in the coming weeks when inventories reach record low levels, the company's senior vice president Neil Chapman said Thursday, according to a FactSet transcript. Exxon shares were down 0.8%.Chevron's (CVX) oil production at its Tengiz field in Kazakhstan dropped significantly on Tuesday after an accident, Reuters reported Friday, citing industry sources. Output fell to between 5,000 and 10,000 metric tons on Tuesday from typically 125,000 tons a day, according to the report. Chevron shares were shedding 0.5%.ReNew Energy Global (RNW) has received a non-binding proposal from Canada Pension Plan Investment Board and ReNew's CEO Sumant Sinha to buy shares not already owned by the consortium for $6.75 each in cash, the company said Friday. ReNew shares rose 2.3%.

$CVX$RNW$XOM

Sectors49d ago

Sector Update: Healthcare Stocks Fall in Afternoon Trading

Healthcare stocks declined Friday afternoon, with the NYSE Healthcare Index decreasing 0.8% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.9%.The iShares Biotechnology ETF (IBB) rose 0.3%.In corporate news, AstraZeneca's (AZN) Alexion Rare Disease unit said Friday that a phase 3 program evaluating anselamimab in light chain amyloidosis did not meet its primary endpoint in the overall patient population. Shares were fractionally lower.Becton, Dickinson (BDX) said it has resumed US shipments of ChloraPrep after completing additional assessments and implementing final release testing. Shares were little changed.Replimune (REPL) shares surged 85% after the firm said Friday it will resubmit its biologics license application for vusolimogene oderparepvec for advanced melanoma in the coming days.

$AZN$BDX$REPL

US Markets49d ago

Equity Markets Rise Intraday as Trump Sets Out Conditions For Iran Deal

Equities on Wall Street rose intraday as President Donald Trump laid out conditions that Iran must agree to as part of a peace agreement.The Dow Jones Industrial Average was up 0.6% at 50,979.9 after midday Friday, while the Nasdaq Composite rose 0.3% to 26,988.6. The S&P 500 added 0.3% to 7,584.8. All three indexes logged closing highs in the previous session.Barring technology and financials, all sectors were in the red, led by consumer staples.In a social media post Friday, Trump said he was heading to the White House Situation Room "to make a final determination" regarding the Middle East conflict. He also announced an end to the naval blockade of Iranian ports.Trump said that Iran must permanently forgo capabilities that lead to nuclear weapon development and allow unrestricted shipping traffic through the Strait of Hormuz.Axios reported Thursday that the US and Iran had agreed to a memorandum of understanding to extend a ceasefire between the countries and begin talks on Tehran's nuclear program. However, Trump hadn't signed off on the deal, according to the report.West Texas Intermediate crude oil was down 2.5% at $86.70 a barrel intraday, while Brent fell 2% to $91.81."While significant hurdles remain, the market is reacting to the prospect of a supply surge once hundreds of tankers loaded with crude oil and refined fuels are released from the Persian Gulf," Saxo Bank said in report Friday. "In the months ahead, however, demand to replenish depleted global inventories is likely to provide support, potentially lifting the price floor compared with pre-war levels."US Treasury yields were mixed intraday, with the 10-year rate little changed at 4.44% and the two-year rate falling 2.7 basis points to 4%.A sharp jump in Treasury yields following the Middle East conflict is unlikely to dampen investor appetite for equities, given corporate earnings growth and excitement surrounding artificial intelligence, Wells Fargo Investment Institute said in a note.In company news, Dell Technologies (DELL) shares were up nearly 29% intraday, the best performer on the S&P 500. Late Thursday, the company reported record fiscal first-quarter results that surpassed Wall Street's estimates amid a surge in demand for artificial intelligence-optimized servers. It raised its fiscal 2027 outlook.NetApp (NTAP) surged 26% after announcing its quarterly results, the second-biggest gainer on the S&P 500.Other tech names were also notable gainers intraday, including Salesforce (CRM), which advanced 9%, IBM (IBM) and Microsoft (MSFT).Sentinelone (S) shares were down 6.3% intraday. The cybersecurity company delivered a solid first-quarter performance that appears to be sustainable amid strong underlying trends, BofA Securities said in a Friday client note.The brokerage attributed the sell-off to the company's "conservative" guidance that raises questions around growth durability. But BofA views the pullback as an attractive entry point for investors, citing underlying momentum.Gold was up 1.6% at $4,602.50 per troy ounce, while silver edged up 0.1% to $76 per ounce.

Dow JonesNasdaq CompositeS&P 500$CRM$DELL$IBM$MSFT$NTAP$S

Research49d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Dell Technologies Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We sharply lift our price target to $465 from $263, 23x our FY 28 (Jan.) EPS view, well above DELL's three-year average (~11x) on massive AI tailwinds. We raise our FY 27 EPS view by $5.21 to $18.16 and lift FY 28's by $5.15 to $20.20. DELL delivered a blowout Q1, with sales up 88% to $43.8B, fueled by insatiable AI server demand, where sales grew by an eye-popping 757% to $16.1B and bookings came in higher at $24.4B (AI backlog up 19% Q/Q to $51.3B). Pull-ins are playing a factor, but we think core demand remains impressive and durable, supported by DELL's AI pipeline incredibly remaining "multiples above" its backlog total. Growing demand for inference/agentic products has also encouraged more edge computing/CPU/storage workloads, broadening DELL's exposure to AI upside. This was clearly demonstrated in Q1, with Traditional Servers (19% of sales) growing by 92% Y/Y and seeing "significant unit growth," while Storage (10%) grew by 8% with improving margins. CSG grew 17%, supported by PC refreshes/AI PCs.

$DELL

Sectors49d ago

Sector Update: Consumer Stocks Decline Friday Afternoon

Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In sector news, the Trump administration is expected to propose a tweak to the US-Mexico-Canada Agreement that would require half of all automobile components and materials to come from sources in the US, The Wall Street Journal reported. The pact currently requires 75% of a vehicle's materials to come from North American sources but has no US-specific quota, the report said.In corporate news, Costco's (COST) fiscal Q3 revenue topped market estimates buoyed by its gas business amid high fuel prices, but the warehouse chain's earnings fell short of expectations. Its shares fell 4.3%.General Motors' (GM) partly owned battery plant in Ohio is delaying the return of hundreds of workers amid weak demand for electric cars, Reuters reported. GM shares were down 1.3%.International Flavors & Fragrances (IFF) shares added 0.6% after it said Friday that it agreed to sell a majority stake in its food ingredients unit to private equity firm CVC Capital Partners in a deal worth roughly $4.3 billion, as part of IFF's efforts to focus on higher-margin businesses.Activist hedge fund Toms Capital Investment Management has built a significant stake in McCormick (MKC) as the US food company works on its planned acquisition of Unilever's (UL) food business, Reuters reported. McCormick shares rose 1.8%.

$COST$GM$IFF$MKC

Sectors49d ago

Sector Update: Tech Stocks Mixed Friday Afternoon

Tech stocks were mixed Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.6%.The Philadelphia Semiconductor index was decreasing 0.1%.In corporate news, Dell Technologies (DELL) shares surged past 28% after it reported overnight fiscal Q1 financial results that topped analyst estimates and issued higher-than-expected guidance for fiscal Q2 and the full year.SentinelOne (S) shares fell 5.5%. The cybersecurity company delivered a solid Q1 performance that appears to be sustainable amid strong underlying trends, BofA Securities said in a Friday client note. The brokerage attributed the sell-off to the company's "conservative" guidance that raises questions around growth durability.IBM (IBM) shares jumped 10% after the company said it plans to invest more than $10 billion over the next five years to support quantum computing development.

$DELL$IBM$S

Insider Trading49d ago

Knowles Insider Sold Shares Worth $753,903, According to a Recent SEC Filing

Daniel J. Giesecke, Senior Vice President & COO, on May 27, 2026, sold 20,201 shares in Knowles (KN) for $753,903. Following the Form 4 filing with the SEC, Giesecke has control over a total of 175,855 common shares of the company, with 175,855 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1587523/000159808626000005/xslF345X05/edgardoc.xmlPrice: $37.49, Change: $-0.48, Percent Change: -1.26%

$KN

Wire49d ago

Cuprina Completes Reverse Split, Seeks Nasdaq Hearing to Avoid Delisting

Cuprina Holdings (CUPR) said it completed a reverse stock split on Wednesday and requested a hearing before a Nasdaq panel in response to a staff determination letter received the same day.The letter notified the company that because it failed to regain compliance with Nasdaq's $1 minimum bid price requirement, its securities will be scheduled for delisting unless it appeals the determination, Cuprina said Friday in a statement.The company filed its hearing request on Thursday.Cuprina said the share consolidation completed Wednesday is expected to bring its bid price back into compliance with the exchange requirement.Price: $2.45, Change: $-0.85, Percent Change: -25.64%

$CUPR

Oil & Energy49d ago

EMEA Oil Update: Crude Falls After Trump Lifts Hormuz Blockade, Outlines Iran Deal Terms

EMEA crude futures dropped in after-hours trading on Friday after President Trump lifted the retaliatory US naval blockade of Iranian ports, raising expectations of increased global supply and easing concerns about supply disruptions.Brent crude futures fell by 1.91% to $91.92 per barrel, while Murban oil futures retreated 1.69% to $92.50/bbl."The oil market continues to edge lower amid growing optimism that the US and Iran are moving toward a deal," ING strategists said, adding that the reopening of the Strait would offer some immediate relief to the global energy markets.On Friday, Trump said he would meet in the White House Situation Room to make a final determination on an agreement with Iran."I will be meeting now, in the Situation Room, to make a final determination," Trump said in a social media post on Truth Social.The US President said that Washington would lift the retaliatory US naval blockade in the Gulf of Oman, noting that vessels previously affected by the blockade could now return home. "Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of 'heading home!" he said.The development comes a day after media reports suggesting that US and Iran negotiators had reached a tentative agreement for a 60-day ceasefire extension and the start of talks on Tehran's nuclear program.Saxo Bank strategists said oil fell to a five-week low after the US and Iran tentatively agreed to extend their ceasefire by 60 days, with Brent heading for its biggest monthly decline since 2020, as expectations grew that the agreement could pave the way for a gradual reopening of the Strait of Hormuz."While significant hurdles remain, the market is reacting to the prospect of a supply surge once hundreds of tankers loaded with crude oil and refined fuels are released from the Persian Gulf," the analysts said.Meanwhile, Iran's Speaker of Parliament Mohammad Bagher Ghalibaf said in a social media post that Tehran seizes concessions not through dialogue but with missiles, adding, "in negotiations, we merely make them understand"."We have no trust in guarantees or words, only actions are the measure," Ghalibaf said in a social media post X. "No action will be taken before the other side acts."

Sectors49d ago

Sector Update: Financial

$APO

Sectors49d ago

Sector Update: Energy

Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each falling 1%.The Philadelphia Oil Service Sector Index was decreasing 0.7%, and the Dow Jones US Utilities Index was down 0.6%.Front-month West Texas Intermediate crude oil fell 2.3% to $86.83 a barrel, and the global benchmark Brent crude contract dropped 1.9% to $91.94 a barrel. Henry Hub natural gas futures climbed 5% to $3.04 per 1 million BTU.In corporate news, Exxon Mobil (XOM) is projecting oil prices to shoot up once again in the coming weeks when inventories reach record low levels, the company's senior vice president Neil Chapman said Thursday, according to a FactSet transcript. Exxon shares were down 0.8%.

$XOM

Research49d ago

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Advanced Micro Devices, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target to $600 from $500, on a P/E of about 35x our 2028 EPS estimate, which is above its peers but below its historical forward averages. We see AMD closing the competitive gap with NVIDIA as it launches the MI450x Series in the second half of 2026, as it prepares to shift to rack-scale solutions, which offer data center server sales upside. We are also growing more optimistic about opportunities tied to CPU server demand, as we believe the rise of agentic AI shifts CPU-to-GPU ratios from traditional 1:4 or 1:8 in training toward 1:1 or higher in production deployments. Extending lead times and emerging industry-wide CPU shortage should support higher prices, and we see potential for 50%+ x86 server CPU market share over time. AMD's shift to large-scale rack-scale systems remains the biggest opportunity for the company in the coming years. Furthermore, we are encouraged by recent customer orders (Meta and Oracle), as we see a long tail opportunity over the next three to five years.

$AMD

Oil & Energy49d ago

Oil Market Could Swing Back to Oversupply as Venezuelan, Iranian Output Recovers, Kpler Says

Brent crude has climbed above $100 per barrel during the Iran conflict, but a return of Venezuelan, Iranian and Russian volumes could create oversupply risks and weigh on prices by 2027, according to Kpler in a Friday note.While markets currently focus on disrupted Middle East supplies, geopolitical developments could eventually allow more sanctioned crude to return, adding significant volumes to an already well-supplied market.Before the conflict began, analysts expected global oil supplies to exceed demand by almost 2 million barrels per day, the largest surplus since the Covid-19 pandemic.Political changes in Venezuela and new operating approvals have accelerated production growth, lifting output to about 1.25 million b/d and putting the country on track to reach 1.5 million b/d by 2027.Venezuelan production could rise by almost 600,000 b/d over the year to roughly 1.3 million b/d, increasing competition among heavy crude suppliers, according to Kpler estimates.If sanctions are eased, Iran could quickly return substantial volumes to the market. Kpler estimated that about 150 million barrels of Iranian crude currently remain in floating storage.Additional revenue and sanctions relief could help Iran increase production to around 4 million b/d next year, up from about 2.7 million b/d currently, while barrels stored could enter the market rapidly.Repeated US waivers have encouraged more Asian refiners to purchase Russian crude, helping exports remain near 3.5 million b/d despite continued Ukrainian drone attacks, Kpler said.Countries such as Indonesia and the Philippines have joined the buyer pool for Russian oil, reducing the impact of potential future restrictions and supporting export demand.The bearish supply outlook faces risks, as Israeli strikes have reduced output from Iran's South Pars condensate project and restoring lost production could require substantial investment, Kpler said.Uncertainty surrounding any US-Iran agreement also remains high. The White House on Friday dismissed reports of a memorandum of understanding as a "complete fabrication," a development that could prolong supply tightness tied to disruptions in the Strait of Hormuz, Kpler said.

Sectors49d ago

Sector Update: Healthcare

$AZN

Sectors49d ago

Sector Update: Consumer

Consumer stocks were lower Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) decreasing 0.6%.In corporate news, Costco Wholesale's (COST) fiscal Q3 revenue topped market estimates buoyed by its gas business amid high fuel prices, but the warehouse chain's earnings fell short of expectations. Its shares fell 4.3%.

$COST

Showing 24421-24440 of 57172

US Markets49d ago

Equity Markets Rise Intraday as Trump Sets Out Conditions For Iran Deal

Dow JonesNasdaq CompositeS&P 500$CRM$DELL$IBM$MSFT$NTAP$S