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Treasury49d ago

Randall Bartlett of Desjardins Group Tells BNN TV "Nobody Saw That Coming" As Canada March GDP Fell 0.1%

$CXY

Treasury49d ago

Brief: Canada's Q1 GDP Flat Q/Q

S&P/TSX CompositeS&P/TSX Composite$CXY

Research49d ago

Goodbody Boosts IAG PT, Maintains Buy Rating

Goodbody on Friday raised the price target for British airline holding company International Consolidated Airlines Group (IAG.L, IAG.MC), or IAG,to 4.90 pounds sterling from 4.20 pounds, while maintaining a buy 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)

$IAG.L$IAG.MC

Research49d ago

BNP Paribas Lifts Straumann PT, Maintains Outperform Rating

BNP Paribas on Friday raised the price target for dental products company Straumann Holding (STMN.SW) to 113 francs from 107 francs, while maintaining an outperform 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)

$STMN.SW

Research49d ago

Deutsche Bank Downgrades B&M European Value Retail to Sell, Reduces PT

Deutsche Bank on Friday downgraded discount retailer B&M European Value Retail (BME.L) to sell from hold and lowered its price target to 1.55 pounds sterling from 1.75 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)

$BME.L

Equities49d ago

Morgan Stanley Trims Aldrees Petroleum and Transport Services' PT, Keeps at Equalweight

Morgan Stanley on Thursday decreased the price target for gasoline service station operator Aldrees Petroleum and Transport Services (SASE:4200) to 135.00 Saudi riyals from 140.50 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:4200

Treasury49d ago

Brief: Statistics Canada Says April Preliminary GDP Up 0.4% M/M

S&P/TSX CompositeS&P/TSX Composite$CXY

International49d ago

April US Advance Retail Inventories Rise 0.7% Vs. Expected 0.5% Gain, Prior 0.7% Gain

International49d ago

April US Advance Wholesale Inventories Rise 0.5% Vs. Expected 0.8% Gain, Prior 1.5% Gain

Treasury49d ago

Brief: Canada's March GDP Contracts 0.1% M/M; MUFG Says Consensus Saw 0.1% Growth

S&P/TSX CompositeS&P/TSX Composite$CXY

Insider Trading49d ago

Unusual Machines Insider Sold Shares Worth $2,655,810, According to a Recent SEC Filing

Brian Joseph Hoff, Chief Financial Officer, on May 27, 2026, sold 150,000 shares in Unusual Machines (UMAC) for $2,655,810. Following the Form 4 filing with the SEC, Hoff has control over a total of 352,650 common shares of the company, with 352,650 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1956955/000168316826004360/xslF345X05/ownership.xml

$UMAC

Commodities49d ago

Market Chatter: Accident at Kazakhstan's Tengiz Oilfield Causes Sharp Output Decline

Kazakhstan's largest oilfield Tengiz, which is led by US energy major Chevron (CVX), saw a sharp decline in output earlier this week following an accident, Reuters reported Friday, citing two industry sources.The sources did not elaborate on the nature or cause of the accident, and expect output to be gradually restored in about a week. The report cited another source, who said production levels had risen to 82,000 metric tons by Wednesday.Daily production levels at the oilfield, located near the Caspian Sea west of the country, usually average around 125,000 tons or 995,000 barrels. However, output was down to 5,000-10,000 metric tons on Tuesday, the report said.The report cited Chevron stating a part of the oilfield had faced minor operational disruption on Thursday and output is being restored.Kazakhstan accounts for about 2% of the daily global crude oil supply, which is primarily transported through the Caspian Pipeline Consortium to the port of Novorossiysk in Russia.In January, production at the Tengiz field was suspended due to an issue related to power distribution. Output was restored to normalcy only April, the report added.has reached out to Chevron and Tengiz oil field operator Tengizchevroil for comments.(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

Mining & Metals49d ago

Mundoro Capital Q1 Fee Income Edges Down, Jim Scott Returns as CFO

Mundoro Capital (MUN.V) on Friday said fee income for the first quarter dipped slightly, and also announced a new chief financial officer appointment.Mundoro Capital earned $0.7 million in fee income for the quarter ended March 31, 2026, a slight decrease from the $0.74 million in fee income for the prior year period. The decrease was due to lower option fee and operator fee income as well as a lower exchange rate.The company advanced exploration areas primarily in Eastern Serbia, within the Timok Magmatic Complex (TMC), known for copper-gold deposits during the quarter. The area benefits from established infrastructure including well-serviced roads and grid power. Mundoro's licenses in this region are optioned to a BHP Group subsidiary.Mundoro has appointed Jim Scott as its chief financial officer. Scott previously held the position from June 2022 to January 2025. He takes over from Mireia Cervera Medina, who is stepping down effective July 6.Mundoro Capital shares closed down $0.015, to $0.425, on Thursday on the TSX Venture Exchange.

$MUN.V

Mining & Metals49d ago

Stria Lithium Provides Update on Proposed Royalty and Change of Business Transaction

Stria Lithium (SRA.V) continues to advance the various components needed under TSX Venture Exchange (TSXV) Policy 5.2 - Changes of Business and Reverse Takeovers, regarding the proposed acquisition of a net smelter return royalty of up to 2% on the advanced West Australian Mt Henry Gold Project pursuant to an investment agreement with Alicanto Minerals (ASX: AQI), it said on Friday.Work related to the acquisition, including technical reporting, preparation of a listing statement, preparation of transaction documentation, and assembly of required regulatory filings, is progressing as expected, it said.Stria will hold an annual and special meeting of shareholders on June 9 to elect the directors of the company that will hold office until the next general meeting of the company or completion of the acquisition and approve the change of name of the company to Arc Mineral Royalties Ltd.The company's shares last traded April 8, closing at $0.78 on the TSXV.

$SRA.V

US Markets49d ago

MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

MongoDB (MDB) is likely to see artificial intelligence as a growth tailwind soon with senior management's commentary on the technology turning "more constructive," following the company's better-than-expected fiscal first-quarter results, Morgan Stanley said in a client note emailed Friday.During a late Thursday conference call with analysts, MongoDB Chief Executive CJ Desai highlighted early AI deployments with enterprise customers and expanding momentum with AI natives, according to Morgan Stanley. Desai also indicated that the database software maker is being deployed for mission-critical use cases and expressed confidence in its ability to expand within these customers over time, the brokerage said.While MongoDB's growth is currently being driven by enterprise applications, it has consistently said for several quarters that AI will eventually emerge as robust driver for long-term gains, Morgan Stanley wrote in the note."Management tone on the AI opportunity shifted more positive and suggests that an AI-powered inflection is on the horizon," the brokerage added.The company late Thursday reported adjusted earnings of $1.32 per share for the quarter ended April 30, up from $1 a year earlier. Revenue advanced 25% to $687.6 million. Both metrics topped Wall Street's estimates.Shares of MongoDB rose 2% in the most recent premarket activity.Revenue growth from the firm's cloud-based Atlas developer data platform increased 29% on a yearly basis in the quarter, but came in below investors' expectations for an increase of 30% to 31%, according to Morgan Stanley. For the ongoing three-month period, Chief Financial Officer Michael Berry told analysts on the call that the company is projecting Atlas revenue to rise by roughly 26%.Atlas has become "more predictable" and "less sensitive" to revenue movements with any individual customer or cohort as it has gotten larger, Barry said late Thursday, according to a FactSet transcript. As a result, the company doesn't expect "large swings versus guidance for the current quarter," as consumption changes during the period only has a "modest impact" on revenue, the CFO added."On a beat-adjusted basis, this suggests that Atlas growth is more likely to sustain rather than accelerate, which given the major rally in shares leading up to results and on the back of blockbuster guidance raises from Datadog (DDOG) and Snowflake (SNOW) may be viewed as slightly underwhelming," Morgan Stanley said.The brokerage maintained its overweight rating on MongoDB's stock and lifted the price target to $380 from $355.

$MDB

Treasury49d ago

Payrolls Data Signals Further Sign of A Very Weak Labor Market in Canada, Says Rosenberg Research

Canada was on the receiving end of some "very disappointing" industry employment (SEPH) data on Thursday, with it showing a 31,800 job pullback in March on top of a 38,100 contraction the prior month, said Rosenberg Research.The year-over-year trend is flat, noted Rosenberg Research. "There was "no pulse at all" in the workweek, and virtually none in nominal wages for hourly employees."If it wasn't for a 4,300 spike in public sector payrolls and a 1,900 expansion in non-cyclical health & education, the headline decline would have been closer to minus 40,000 -- a number Rosenberg hasn't seen since late 2023.The fact that the most interest-sensitive sectors are "taking it on the chin the most" (construction -4,100 after a like-sized decline in February; -1,90 in the real estate sector for the worst showing since last September; and a "whopping" -3,600 slump in retail, the third straight "drubbing") should serve as a warning to the Bank of Canada to go light on its hawkish rhetoric, said Rosenberg.In a further sign of "uber-weak" labor demand, the job vacancy rate remained stuck at 2.8% for the fourth month in a row, not just scaling the low end of the cyclical range but back to where it was in the fall of 2017 when the BoC was pinning the policy rate at 1.0%, noted Rosenberg.

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Mining & Metals49d ago

Soma Gold Launches Maiden Drill Program at Escondido Project in Colombia

Soma Gold (SOMA.V) has commenced a maiden drill program at the Escondida project in Colombia, the company said Friday.Phase-one drilling comprises 21 drill holes for a total of 2,790 meters, focused on testing the continuity of the mineralized zone near the known mine workings, with 50 m step-outs along strike and down-dip.If phase-one drilling confirms the continuity of the Escondida vein, its associated clay alteration, and gold mineralization, Soma will initiate a phase-two drill program for an additional 3,165 m."We are eager to define the full extent of the Escondida vein and look forward to testing the five additional veins on the property that to date have only ever been worked at surface," said Chris Buchanan, Soma's vice president of exploration.

$SOMA.V

International49d ago

German Flash Annual Inflation Eases to 2.6% in May

Germany's annual inflation rate fell to 2.6% in May from 2.9% in April, according to provisional data from the country's Federal Statistical Office published Friday.The latest reading is lower than the consensus estimate of 2.9%.On a monthly basis, consumer prices edged down 0.2%, against the previous 0.6% rise and the expected 0.1% increase.The annual harmonized inflation rate was 2.7%, compared with the prior 2.9% and the market forecast of 2.8%. Meanwhile, harmonized consumer prices fell 0.1% month over month, against the previous reading of a 0.5% rise and the expected 0.2% increase.

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Mining & Metals49d ago

Pulsar Helium Acquires Strategic Surface Land at Topaz Helium Project, Minnesota

Pulsar Helium (PLSR.V) has acquired approximately 1,360 acres of surface land in Lake County, Minnesota, located within its flagship Topaz Project, the company said on Friday.The surface land was purchased in an arm's length transaction from Wolf Lands Inc. for total cash consideration of US$2.48 million to be satisfied through the company's existing cash resources, said the company.The newly acquired land lies within the mineral rights that the company holds under lease from a separate private owner, and the area includes the location of the company's Jetstream #7 (JS#7) well, added the company.The acquisition forms part of Pulsar's "broader push toward production readiness at Topaz", said the company and added that it recently concluded its Jetstream exploration and appraisal program, with all wells drilled to date having encountered gas under high pressure and is now obtaining quotes for the drilling of up to four new production wells to supplement two production-ready wells already drilled."This Acquisition, driven by our intention to develop Topaz into a significant primary helium producer, builds on growing momentum at the project as we move decisively toward production readiness," said Thomas Abraham-James, CEO of Pulsar. "It also follows recent legislative progress updating Minnesota's permitting framework for helium extraction. With a clearer pathway now emerging toward future production, securing ownership of the surface land overlying our leased mineral rights, including the site of our Jetstream #7 well, provides Pulsar with increased operational control and long-term development certainty as we continue advancing Topaz toward production."

$PLSR.V

Asia49d ago

Xi'an Eswin Materials Technology to Invest Up to 40 Million Yuan in Glassmaker's Funding Round

Xi'an Eswin Materials Technology (SHA:688783) will invest up to 40 million yuan in a pre-A+ funding round for Zhuhai Yiyuan Technology, according to a Friday filing with the Shanghai bourse.Zhuhai Yiyuan Technology seeks to raise between 100 million yuan and 200 million yuan in a funding round.The glass manufacturer plans to use the proceeds for capacity expansion, equipment procurement, and technology upgrades.

SHA:688783

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US Markets49d ago

MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

$MDB