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Update: Ferrari Launches All-Electric Luce Sports Car

(Updates with Ferrari's stock price movement in the fourth paragraph.)Ferrari (RACE) has launched a new all-electric Luce sports car, expanding its lineup with a dedicated electric platform, the company said Monday.The four-door model includes four electric motors, a 122 kWh battery and an electric all-wheel drive, delivering 0-100 km/h acceleration in 2.5 seconds, Ferrari said.The electric vehicle's starting price is set at 550,000 euros ($640,000), according to multiple media reports.Ferrari shares were down 5% in Tuesday afternoon trading.Price: $330.57, Change: $-17.67, Percent Change: -5.07%

$RACE

Insider Trading50d ago

MKS Insider Sold Shares Worth $3,154,800, According to a Recent SEC Filing

John Tseng-Chung Lee, Director, President & CEO, on May 22, 2026, sold 10,000 shares in MKS (MKSI) for $3,154,800. Following the Form 4 filing with the SEC, Lee has control over a total of 144,696 common shares of the company, with 144,696 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1049502/000104950226000088/xslF345X05/form4.xmlPrice: $332.13, Change: $+11.51, Percent Change: +3.59%

$MKSI

Insider Trading50d ago

MKS Insider Sold Shares Worth $2,779,379, According to a Recent SEC Filing

Ramakumar Mayampurath, Executive Vice President & CFO, on May 22, 2026, sold 8,810 shares in MKS (MKSI) for $2,779,379. Following the Form 4 filing with the SEC, Mayampurath has control over a total of 1 common share of the company, with 1 share held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1049502/000104950226000090/xslF345X05/form4.xmlPrice: $332.45, Change: $+11.83, Percent Change: +3.69%

$MKSI

Insider Trading50d ago

Yum Brands Insider Sold Shares Worth $464,040, According to a Recent SEC Filing

Sean Tresvant, Taco Bell CEO and Yum Brands Chief Consumer Officer, on May 26, 2026, sold 3,000 shares in Yum Brands (YUM) for $464,040. Following the Form 4 filing with the SEC, Tresvant has control over a total of 3,140 common shares of the company, with 3,140 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1041061/000104106126000130/xslF345X05/form4.xmlPrice: $155.08, Change: $-0.08, Percent Change: -0.05%

$YUM

Mining & Metals50d ago

Market Chatter: Toronto Power Outage Affects Wide Swath of Financial District

More than 400 customers in Toronto remain without power after a fire at a transmission station caused outages in the downtown core, according to utilities Toronto Hydro Corp. and Hydro One Ltd., Bloomberg is reporting Tuesday.The disruption began after 11:30am local time, affecting more than 1,200 customers in a dense area populated with office towers, hospitals, academic institutions and shops, the report said. A single customer may include several tenants and occupants, it added, while noting power has since been restored to nearly 900 customers, according to Toronto Hydro's outage map."While we don't have a confirmed estimated time of restoration, we have been able to work with Hydro One to restore power to some impacted customers," Toronto Hydro said in a social media post. Fire crews are clearing a transmission station site, Hydro One said in its own social media post, and it will assess damage afterward.(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

S&P/TSX CompositeS&P/TSX Composite$CXY$H.TO

Wire50d ago

Top Midday Decliners

Mizuho adjusted its price target for Intuit (INTU) to $500 from $600 while maintaining its outperform rating.Shares were down 5.2%, with intraday trading volume at more than 5.95 million versus the stock's daily average of about 3.88 million.AutoZone's (AZO) fiscal Q3 results were mixed, with earnings topping estimates and revenue falling short of forecasts, its results showed on Tuesday.Shares dropped 10%, with intraday trading volume at over 366,000 versus a daily average of about 206,000.Akanda's (AKAN) shares slumped 12% after the company said Friday it received a Nasdaq delisting notice.More than 296,000 shares of the company traded intraday compared with a daily average of about 2.41 million.Price: $303.72, Change: $-16.22, Percent Change: -5.07%

$AKAN$AZO$INTU

Wire50d ago

Argus Research Lifts TJX Price Target to $187 From $182, Maintains Buy Rating

TJX (TJX) has an average rating of overweight and mean price target of $180.17, 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)Price: $158.91, Change: $+0.64, Percent Change: +0.40%

$TJX

Wire50d ago

Update: Market Chatter: Webster Financial Shareholders Accept $12 Billion Takeover Proposal From Banco Santander

(Updates with Banco Santander's response in the third paragraph.)Webster Financial (WBS) shareholders have accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported Tuesday, citing the company's extraordinary shareholder meeting.Webster Financial will publish detailed results from the shareholder meeting soon, according to the report.A Santander spokesperson toldthat the company welcomes Webster shareholders' approval and expects to close the transaction in H2.Webster Financial did not immediately respond to' request for comment.(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.)Price: $72.45, Change: $+0.65, Percent Change: +0.91%

$SAN$WBS

Wire50d ago

Market Chatter: Occidental Acquiring 10% Stake in Exxon's Deepwater Block Offshore Trinidad

Occidental Petroleum (OXY) is acquiring a 10% stake in Exxon Mobil's deepwater exploration block off the coast of Trinidad and Tobago, Reuters reported Tuesday, citing two people familiar with the matter.Exxon was the sole owner of the offshore block, which lies in water depths of 2,000 to 3,000 meters, the report said.Occidental and Exxon didn't immediately reply to requests for comment from.(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.)Price: $58.17, Change: $-0.64, Percent Change: -1.09%

$OXY$XOM

US Markets50d ago

Consumer Confidence Falls as Inflationary Concerns Intensify, Survey Shows

US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday.The consumer confidence index ticked down to 93.1 this month from April's upwardly revised reading of 93.8. The consensus was for a 92 print in a Bloomberg survey."Consumer confidence edged downward in May as the inflationary impacts of the war in the Middle East intensified," Conference Board Chief Economist Dana Peterson said.On Friday, a University of Michigan survey showed that consumer sentiment declined to a fresh record low this month as people fear that high gasoline prices could erode their purchasing power.Gasoline prices in the US have surged as the Iran war pushed crude oil costs higher due to the effective closure of the Strait of Hormuz. Its been about three months since the conflict started on Feb. 28, though a fragile ceasefire between the US and Iran continues to hold."Consumers' write-in responses on factors affecting the economy continued to skew towards pessimism in May," the Conference Board's report said. "References to prices and oil and gas increased in frequency for a second consecutive month, while mentions of war, geopolitics, and conflict remained elevated -- likely signaling consumers' underlying concerns about the inflationary impacts of the war in the Middle East on their wallets."Consumers' one-year inflation expectations "ticked downward" this month, but remained elevated, according to the survey.The present situation measure dropped 3.2 points sequentially to 121.2, while the expectations component increased by one point to 74.4, the Conference Board said.Consumers' assessment of current business and labor market conditions were "moderately less positive" than last month, while their expectations six months from now showed "modest improvements," Peterson said.

Mining & Metals50d ago

CIBC Lowers G Mining Ventures' Price Target to C$60.00 From C$62.00, Maintains Outperformer Rating

CIBC Capital Markets maintained its outperformer rating on the shares of G Mining Ventures (GMIN.TO) and lowered its price target to C$60.00 from C$62.00."After incorporating Q1/26 results, changing our accounting methodology on the Franco Nevada gold stream, rolling forward our DCF and fine-tuning our estimates, we are trimming our price target to C$60.00 from C$62.00 and maintaining our Outperformer rating," stated CIBC.Overall, CIBC's NAVPS increases to C$64.88 from C$62.23, which largely reflects rolling forward its DCF by one quarter, while its annualized FY26E CFPS decreases to C$3.76 from C$4.04 previously, as a result of fine-tuning 2026E throughput and grade assumptions at Tocantinzhino (TZ), and adjusting its accounting methodology for the Franco Nevada gold stream, said CIBC."After slightly reducing our 2026E throughput at TZ to an average of 12.1ktpd from 12.5ktpd, we now forecast 2026 gold production of 174koz, below our prior estimate of 182koz," CIBC added. "For costs, we now expect cash costs of (US)$896/oz and AISC of (US)$1,404/oz vs. our previous estimates of (US)$884/oz and (US)$1,431/oz, respectively."On fuel cost impact from U.S.-Iran war CIBC noted that, on the conference call the company noted that it has not experienced large cost increases as a result of elevated fuel costs due to previously procuring large lead items and equipment at or below budgeted prices. However, the company noted that logistics costs have been slightly impacted, CIBC added."The company confirmed that a 10% increase in oil prices translates to about (US)$10-(US)$11/oz in cash costs," said CIBC. "GMIN's diesel price assumption for 2026 was (US)$1/L, representing 10% of cash costs, with Q1/26 realized fuel prices of (US)$1.13/L, representing 12% of cash costs."Mining costs in Q1/26 were higher due to the rainy season, largely impacting road maintenance and tire consumption, noted CIBC."As TZ moves into the dry season, costs are expected to decrease as productivity improves," said CIBC.In the quarter, AISC was above annual guidance due to lower production and higher royalty costs, noted CIBC but added that, the company expects AISC to decrease as production increases in H2/26 (access to higher-grade ore), bringing it to within guidance range.Price: $43.77, Change: $+0.07, Percent Change: +0.16%

$GMIN.TO

US Markets50d ago

Equities Mixed Intraday as Markets Track War Updates

US benchmark equity indexes were mixed intraday as traders monitored the latest developments in the Middle East conflict.The Nasdaq Composite was up 0.8% at 26,566.9 after midday Tuesday, while the S&P 500 rose 0.4% to 7,505.5. The Dow Jones Industrial Average fell 0.4% to 50,392.7 after closing at a record high in the previous session.Among sectors, technology paced the gainers intraday Tuesday, while energy saw the steepest decline.US markets were closed Monday for the Memorial Day holiday.West Texas Intermediate crude oil was down 2.7% at $93.97 a barrel intraday Tuesday, while Brent rose 3.9% to $99.85.Iran has a "legitimate" right to respond to any violation of a ceasefire by the US, CNN reported Tuesday, citing Tehran's Islamic Revolutionary Guard Corps. Earlier, the US military targeted Iranian missile launch sites and boats around the crucial Strait of Hormuz in what it described as "self-defense strikes," according to the report.US President Donald Trump said Monday that negotiations with Iran were "proceeding nicely," but encouraged countries including Saudi Arabia and Pakistan to join the Abraham Accords, aimed at normalizing diplomatic ties with Israel.US Treasury yields were lower intraday Tuesday, with the 10-year rate down 6.4 basis points at 4.51% and the two-year rate losing 5.9 basis points to 4.07%.In company news, Micron Technology (MU) shares surged nearly 19%, the best performer on the S&P 500, as UBS Securities boosted it price target on the semiconductor manufacturer's stock to $1,625 from $535."Our supply chain work on long-term agreements across the memory industry suggests that up to 30% of (double data rate) volumes industry-wide will be soon locked in at pricing that is just slightly below current levels, and these agreements will allow (Micron) to trade some near-term revenue for demand visibility and a smoother earnings profile," UBS said in a note to clients.Western Digital (WDC) shares jumped 9.2%, the second-top gainer on the S&P 500, followed by On Semiconductor (ON), up 9%.Elbit Systems' (ESLT) first-quarter results rose year on year, while the company said its order backlog topped $30 billion, lifted by surging demand from Israel's Ministry of Defense amid ongoing regional conflicts. The company's US-listed shares were up 7.5% intraday.AutoZone (AZO) shares plummeted 9.8%, the steepest decline on the S&P 500, after the auto parts retailer's fiscal third-quarter earnings topped market estimates, but revenue fell short.Some 95% of S&P 500 companies have reported their quarterly financial results in the latest cycle, with earnings up about 28% from a year earlier and revenue rising 11.1%, Oppenheimer Asset Management said in a note.Ahead of the earnings season, FactSet put expected earnings growth at 12.6% year over year, according to the brokerage."The (first-quarter) earnings season rolled on, with many firms reporting strong results and positive guidance," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said. "Bears, skeptics, and nervous investors have been able to take some profits without (the fear of missing out) within what appears to us a bull market that persists having legs to run further."Costco Wholesale (COST), Marvell Technology (MRVL), Salesforce (CRM), and Dell Technologies (DELL) are some of the major companies slated to report results this week.Gold was down 0.4% at $4,506.70 per troy ounce, while silver rose 0.6% $76.63 per ounce.

Dow JonesNasdaq CompositeS&P 500$AZO$COST$CRM$DELL$ESLT$MRVL$MU$ON$WDC

Mining & Metals50d ago

SalesCloser Secures Second U.S. Patent For AI-Driven Call Technology

SalesCloser (SCAI.V), down 5.6% on last look, on Tuesday said it secured a second U.S. patent for its AI-driven call automation technology.The patent protects core technology for analyzing audio signals during calls in real time to determine whether the AI agent has reached a live person, a voicemail system, or an automated phone menu and to respond appropriately to each.The system can then leave a tailored voicemail message, terminate the call, or select the correct keypad inputs to progress through IVR (interactive voice response) menus and route the call toward the intended decision-maker. Voicemail detection is already live in the SalesCloser platform, with IVR navigation capabilities under active development, the company said.SalesCloser shares were last seen down $0.05 to $0.85 on the TSX Venture Exchange.Price: $0.85, Change: $-0.05, Percent Change: -5.56%

$SCAI.V

Wire50d ago

Occidental to Acquire 10% Stake in Exxon Deepwater Block Offshore Trinidad, Reuters Reports

$OXY$XOM

Wire50d ago

Sector Update: Energy Stocks Fall Tuesday Afternoon

Energy stocks declined Tuesday afternoon with the NYSE Energy Sector Index falling 1.6% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2%.The Philadelphia Oil Service Sector Index shed 0.6%, and the Dow Jones US Utilities Index rose 0.5%.West Texas Intermediate crude oil fell 2.7% to $93.97 a barrel, and global benchmark Brent rose 3.7% to $99.69 a barrel. Henry Hub natural gas futures advanced 0.7% to $2.93 per 1 million BTU.In corporate news, BP's (BP) board unanimously removed Albert Manifold as chair and director, effective immediately. BP shares fell 4.4%.Oklo (OKLO) shares jumped 7.1% after it said Tuesday it has been selected by the US Department of Energy, along with four other nuclear companies, for advanced talks under the surplus plutonium utilization program.Baker Hughes (BKR) shares rose 1.4% after it said it has extended its contract with Petrobras (PBR) to provide integrated well construction services in Brazil's Santos Basin. Petrobras shares were down 2.1%.

$BKR$BP$OKLO$PBR

Mining & Metals50d ago

Update: Gold Edges Lower Amid Uncertainty Around Progress of Peace Talks In the Middle East

(Updates prices.)Gold edged lower midafternoon Tuesday even as the dollar and yields fell as fresh U.S. strikes on Iran heightened concerns over the progress of peace talks between the two countries.Gold for July delivery was last seen down US$16.90 to US$4,539.50 per ounce.While peace talks between Iran and the United States are underway, the United States on Monday launched attacks on what it said were missile-launching sites in Iran.The strikes come as the two countries continue talks to end the three-month war and reopen the Strait, which was the chokepoint for 20% of daily oil demand from Persian Gulf countries. Iran's blockade of the Strait following the Feb. 28 start to the war began the largest-ever oil supply shock and pushed up oil prices by more than half.The rise in inflation that followed the hike in energy prices has pushed up inflation, raising concerns central banks will need to raise interest rates, bearish for precious metals since they pay no interest."Gold and silver continue to take their cues from crude oil because of its influence on inflation expectations, interest-rate outlooks, bond yields, and the dollar. After rallying on Monday alongside the drop in oil prices, both metals trade softer today as renewed US strikes near the Strait reduced optimism surrounding peace negotiations," Saxo Bank noted.The dollar fell, with the ICE dollar index last seen down 0.04 points to 99.2. Treasury yields also fell, with the yield on the U.S. two-year note was down 6.2 basis points to 4.07%, while the 10-year note was paying 4.508%, down 5.5 points.

$GCN6$GLD

Research50d ago

Research Alert: CFRA Initiates Coverage On Shares Of Mda Space, Ltd. At Buy

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We have a bullish view on the space economy and MDA's leading position in Canada and the space robotics arena. Our 12-month target price of CAD71 is derived from a 22x EBITDA multiple applied to our FY 27 estimate. With the SpaceX IPO, Artemis missions, and progress in AI compute in space, the space economy is projected to surpass $1T in the next decade and reach $2T by 2040. Currently, MDA's satellite systems generate the lion's share of revenues; however, as space infrastructure matures, we are bullish on its orbital manipulation abilities via Canadarm3, MDA SKYMAKER, and MDA MIDNIGHT. A recent NYSE IPO pushed it into a net cash position, and as a more mature, profitable player in the space sector, it has the potential to expand its valuation multiple, in our view. MDA trades significantly above its three-year forward EBITDA average of 10.1x, but relative to pure-play space names (RKLB, RDW, and SPCX), shares are significantly discounted. Our FY 26 adjusted EPS is CAD1.43 and our FY 27 estimate is CAD1.59.

$MDA

Research50d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Bj's Wholesale Club Holdings, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $92 from $103, based on about 20x our FY 27 (Jan.) EPS estimate of $4.57 (raised from $4.48; FY 28 raised to $4.98 from $4.90). While this multiple remains above the company's long-term average of 19x, it is still well below those of large-format peers. We maintain our Hold rating following a mixed Apr-Q result, as BJ's comparable sales growth continues to lag its largest competitors. We expect limited upside to earnings revisions given ongoing reinvestment in areas such as pricing. We also see incremental near-term headwinds emerging, including higher transportation costs as a result of the recent spike in fuel prices. Longer term, however, we remain more constructive as recently opened clubs continue to mature, with clubs typically reaching maturity within five years of opening (clubs opened within the last five years are growing at over 4x the chain average). BJ's expansion into Texas also appears encouraging, with early indicators for sales and membership trends tracking positively.

$BJ

Sectors50d ago

Sector Update: Financial Stocks Mixed Tuesday Afternoon

Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) falling 0.4%.The Philadelphia Housing Index climbed 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.4%.Bitcoin (BTC-USD) fell 1.4% to $76,197, and the yield for 10-year US Treasuries dropped 5.6 basis points to 4.502%.In sector news, Wall Street lenders are urging the Federal Reserve to formalize recent supervisory changes to reduce the risk of future policy reversals, Reuters reported. Banks want clearer legal backing for the Fed's shift to an "observations" framework, citing concerns over legal ambiguity and potential future policy reversal, the report said.In corporate news, Webster Financial (WBS) shareholders accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported, citing the company's extraordinary investor meeting. Webster shares rose 0.9%, and Santander gained 2.7%.Intercontinental Exchange (ICE) said its ICE ETF Hub won regulatory approval to expand operations in Europe and Australia for the receipt and transmission of orders in exchange-traded products. ICE shares fell 1.3%.FinVolution (FINV) shares jumped 7% after the company reported Q1 adjusted earnings and net revenue that exceeded expectations.

$FINV$ICE$SAN$WBS

Commodities50d ago

ONGC Q4 Oil, Gas Output Slips From Year-Ago Levels as Sales Ease

Oil and Natural Gas Corp. reported Q4 earnings Tuesday, showing total production of 10.43 million metric tons of oil equivalent, down from 10.94 mmt a year earlier, as crude oil and gas output weakened.ONGC produced 4.95 mmt of crude oil for the quarter ended March 31, compared with 5.26 mmt a year earlier.Total gas production fell to 4.88 billion cubic meters from 5.01 bcm, according to the company.Condensate production declined to 0.23 mmt in Q4 from 0.26 mmt a year earlier, according to ONGC.LPG production slipped to 212,000 metric tons in Q4 from 225,000 metric tons a year earlier, while naphtha production edged down to 213,000 metric tons in Q4 from 216,000 metric tons a year earlier, the company said.ONGC reported Q4 total sales of 8.93 million metric tons of oil equivalent, down from 9.34 mmtoe a year earlier, as crude oil and gas sales weakened.The company sold 4.58 mmt of crude oil in Q4, compared with 4.81 mmt a year earlier.Total gas sales fell to 3.76 bcm for the quarter from 3.88 bcm a year earlier, the company said.LPG sales slipped to 212,000 metric tons in Q4 from 224,000 metric tons a year earlier, while naphtha sales rose to 214,000 metric tons from 210,000 metric tons, the company added.

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US Markets50d ago

Equities Mixed Intraday as Markets Track War Updates

Dow JonesNasdaq CompositeS&P 500$AZO$COST$CRM$DELL$ESLT$MRVL$MU$ON$WDC