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QatarEnergy Acquires Stake in 3 Exploration Blocks Offshore Uruguay

QatarEnergy has acquired participating interests in three offshore exploration blocks in Uruguay, from Shell (SHEL) subsidiary BG International, marking its first foray into the country's upstream sector, it said Wednesday.The company did not disclose the acquisition cost.QatarEnergy now holds a 30% interest in block OFF-2. Shell, which owns a 70% interest, operates the block.In block OFF-4, operated and 50% owned by APA, QatarEnergy now holds an 18% interest. Shell holds the remaining 32% stake, the statement said.The Middle East company also acquired a 30% interest in block OFF-7, where Shell holds a 40% stake and Chevron (CVX) 30%.The three blocks span 11,155 to 18,227 square kilometers, according to the report.Price: $87.56, Change: $-0.90, Percent Change: -1.02%

$CVX$SHEL

Research53d ago

Research Alert: CFRA Reiterates Hold View On Shares Of The Home Depot, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month price target of $329, down from $362, is based on 22x our FY 2027 EPS estimate of $14.86, a valuation that aligns with the company's ten-year average. This multiple appropriately balances the significant long-term strategic value of its Pro ecosystem and non-discretionary acquisitions against persistent macroeconomic headwinds that are pressuring its core consumer business. Our FY 27 EPS of $14.86 is down from $15.09 and FY 28's $15.78 is down from $16.33. HD's expansion into essential categories provides a powerful hedge against a pullback in discretionary projects, a key source of resilience in the current environment. However, we believe the current share price already reflects market share gains and formidable free cash flow generation, which we forecast will exceed $30B over the next two years. Ultimately, while HD is executing well and is strategically positioned for long-term success, we see limited upside until there is a clearer catalyst for a recovery in big-ticket consumer spending

$HD

Wire53d ago

Voyager Gets Subcontract From Redwire For DARPA Program

Voyager Technologies (VOYG) said Wednesday it was awarded a subcontract by Redwire (RDW) to supply its high-precision Acceleration Measurement System.Redwire is the prime contractor for the DARPA Otter program, the company said.The Otter mission requires frequent use of propulsion to maintain its very low Earth orbit against atmospheric drag and gravity, the company said.Voyager said its system delivers the precise maneuvering ability and acceleration data required for the spacecraft to perform.Price: $36.87, Change: $-0.70, Percent Change: -1.86%

$RDW$VOYG

Wire53d ago

GSK, Pan-Canadian Pharmaceutical Alliance Start Talks for Blenrep to Treat Blood Cancer

GSK (GSK) said Wednesday it has started negotiations with the pan-Canadian Pharmaceutical Alliance for the use of Blenrep to treat adults with relapsed or refractory multiple myeloma, a type of blood cancer.The talks cover the use of Blenrep plus bortezomib and dexamethasone, or combined with pomalidomide and dexamethasone, the company said.Price: $50.97, Change: $-0.08, Percent Change: -0.16%

$GSK

Mining & Metals53d ago

BlackBerry Achieves FedRAMP Class D (High) Re-Certification

BlackBerry's (BB.TO, BB) BlackBerry AtHoc successfully completed its 2026 Class D (High) re-certification under the Federal Risk and Authorization Management Program (FedRAMP), it said on Wednesday."Re-certification with FedRAMP Class D (High) underscores the operational maturity and security rigor BlackBerry AtHoc delivers to government and critical infrastructure customers every day," said BlackBerry AtHoc General Manager Ramon Pinero. "We are the only CEM platform to reach this bar in 2025, and this re-certification reflects our sustained investment in helping organizations coordinate faster, operate more securely, and respond effectively when conditions are most demanding."Shares of the company were last seen unchanged at $8.53 on the Toronto Stock Exchange.Price: $8.57, Change: $+0.04, Percent Change: +0.47%

$BB.TO

Commodities53d ago

Norway's Hydrocarbon Output in April Beats Official Estimates But Records Monthly, Yearly Decline

Norway's hydrocarbons output in April 2026 exceeded official forecasts, with daily combined production of crude oil, natural gas liquids and condensates averaging 2.158 million barrels per day, according to preliminary data released by the Norwegian Offshore Directorate on Wednesday.This was 6.7% higher than the official projected average of 2.023 million b/d for the month, and compares with the average production of 2.142 million b/d in March and 2.029 million b/d in April last year.In April, crude oil output averaged 1.94 million b/d, up 7.5% from the regulator's forecasts, while natural gas liquids averaged 195,000 b/d and condensates 19,000 b/d.Gas output in April averaged 339.2 million cubic meters per day, 3.5% down from the previous month and 0.8% lower than the year-ago period.Total gas sales for the month stood at 10.2 billion cubic meters, down 700 million standard cubic meters from March.Overall petroleum production in 2026 stood at 83.7 million cubic meters of oil equivalent, about 4 million cubic meters of oil equivalent more than last year.

US Markets53d ago

Lowe's Tops First-Quarter Views, Maintains Full-Year Outlook

Lowe's (LOW) reported fiscal first-quarter results above market estimates on Wednesday, while the home improvement retailer affirmed its full-year outlook.Its adjusted earnings of $3.03 a share for the three months through May 1 rose 3.8% from the year before, topping the FactSet-polled consensus of $2.97. The result excluded pre-tax expenses of $96 million linked to the retailer's acquisitions of Foundation Building Materials and Artisan Design Group last year.Sales climbed to $23.08 billion from $20.93 billion, ahead of the Street's view for $22.98 billion. Comparable sales edged up 0.6%, buoyed by online sales growth of about 16% and demand for appliances and home services. However, the metric trailed the market's expectation for an increase of 0.7%."Strong spring execution and continued momentum in pro, appliances, online, and home services supported a solid start to the year as we delivered our fourth consecutive quarter of positive (comparable) sales," Chief Executive Marvin Ellison said in a statement. "In spite of a challenging housing macro, we remain focused on advancing our total home strategy to provide the best experience for our customer."For fiscal 2026, Lowe's continues to project adjusted EPS of $12.25 to $12.75 and sales between $92 billion and $94 billion. Comparable sales are still pegged at flat to up 2%.The Street is looking for non-GAAP EPS of $12.58 on $93.25 billion in full-year sales, with expected same-store sales growth of 1.3%.Shares of the company were down 3.7% in Wednesday trade, and have lost about 13% so far this year.Truist Securities has a buy rating on Lowe's stock."Given stable demand and the near cycle lows for housing investment, we continue to believe the bias to an inflection is to the upside, with timing uncertainty as the primary risk," the brokerage said in a client note.On Tuesday, rival Home Depot reiterated its fiscal 2026 guidance following better-than-expected first-quarter results.Earlier in the week, Oppenheimer expected Home Depot and Lowe's to lower their full-year guidance.Price: $210.69, Change: $-7.68, Percent Change: -3.52%

$LOW

Wire53d ago

Update: Analog Devices Shares Fall After Fiscal Q2 Results

(Updates with the latest stock movement in the first paragraph and headline.)Analog Devices (ADI) shares were down about 4.5% in Wednesday trading after the company reported fiscal Q2 results.The company reported fiscal Q2 adjusted earnings of $3.09 per diluted share, up from $1.85 a year earlier.Analysts surveyed by FactSet expected $2.88.Revenue for the quarter ended May 2 was $3.62 billion, compared with $2.64 billion a year earlier.Analysts polled by FactSet expected $3.51 billion.For fiscal Q3, adjusted EPS is projected to be $3.30, plus or minus $0.15. Analysts surveyed by FactSet expect $2.99.Revenue for the fiscal quarter is expected to be $3.9 billion, plus or minus $100 million. Analysts polled by FactSet expect $3.61 billion.Price: $395.54, Change: $-18.77, Percent Change: -4.53%

$ADI

Wire53d ago

Market Chatter: Intuit to Cut 17% of Workforce in AI-Focused Restructuring

Intuit (INTU) is laying off about 17% of its global workforce, or roughly 3,000 employees, as part of a restructuring aimed at simplifying operations and sharpening focus on key priorities, including AI initiatives, Reuters reported Wednesday, citing an internal memo.The company also plans to close its Reno and Woodland Hills offices as part of efforts to consolidate teams into key hubs, according to the news outlet.Intuit said affected US employees will receive severance packages that include 16 weeks of base pay plus an additional two weeks for every year worked at the company, the report added.Shares of Intuit were down nearly 3% in Wednesday trading.(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: $388.47, Change: $-11.25, Percent Change: -2.81%

$INTU

Commodities53d ago

Golar LNG Reports Higher Q1 FLNG Production as Argentina Projects Advance

Golar LNG (GLNG) reported Q1 earnings on Wednesday, highlighting stronger Q1 operational performance from its floating liquefied natural gas fleet.FLNG Gimi produced above its contracted 2.4 million tons per annum capacity during Q1, lifting invoiced day rates 19% above contractual levels, while FLNG Hilli maintained 100% economic uptime through the quarter, the company said.FLNG Gimi completed 10 cargo offloads in the quarter, compared with four cargoes from FLNG Hilli.Golar LNG is upgrading FLNG Hilli ahead of its redeployment from Cameroon to Argentina, with operations expected to begin in the second half of 2027.The company continued construction work on its MKII FLNG project in Argentina, where conversion exceeded 60% completion after more than 10 million manhours without lost-time incidents, according to Golar LNG.Golar LNG expects MKII FLNG to start operations in Argentina in the second half of 2028 with 3.5 million tons per annum capacity, while the project remains on track for delivery during Q4 2027, the company added.Golar LNG also narrowed the concept selection for a fourth FLNG unit and aims to place an order within 2026 as commercial discussions accelerate across Africa, the Middle East and South America, the company said.Price: $56.30, Change: $+0.65, Percent Change: +1.17%

$GLNG

Wire53d ago

UBS Adjusts Price Target on Home Depot to $430 From $450, Maintains Buy Rating

Home Depot (HD) has an average rating of overweight and mean price target of $376.06, 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: $299.69, Change: $-2.75, Percent Change: -0.91%

$HD

Wire53d ago

Mondelez International Keeps Quarterly Dividend at $0.50 a Share; Payable July 14 to Holders of Record on June 30

$MDLZ

Mining & Metals53d ago

Canadian Dollar May Not Be Among Top G10 Currency Performers as Bank of Canada Seen on Hold Amid Lower-Than-Expected Inflation, Says SocGen

Headline inflation rose 0.4 percentage point to 2.8% in April, staying below the Bank of Canada's forecast of around 3% year over year, said Societe Generale after Tuesday's consumer price index.Core inflation dipped to 2.0% year over year, the lowest since 2021, noted the bank.The data is a let-off for the front and long end of the curve and means the central bank has the luxury to wait, even with the policy rate pegged back at the low end of the neutral range, stated SocGen.With policy rates projected to increase again in Australia and Norway over the summer, the Canadian dollar (CAD or loonie) may slip down the G10 ranking and struggle on a relative basis, according to the bank.USD/CAD traded up to a one-month high of 1.3774, added SocGen.

$CAD$CXY$USD/CAD

Wire53d ago

Flywire to Deploy its Hospitality Solutions Across 90 US Hotels Under Expanded Partnership With Driftwood

Flywire (FLYW) said Wednesday it will deploy its hospitality solutions across 90 US hotel locations, under an expanded partnership with Driftwood Hospitality Management.Driftwood, which is an existing customer of Flywire, is rolling out enhanced payments capabilities to further streamline guest transactions and back-office operations, the company said.Financial details of the expanded collaboration were not disclosed.Price: $15.99, Change: $+0.16, Percent Change: +1.01%

$FLYW

Wire53d ago

UBS Adjusts Keysight Technologies Price Target to $420 From $340, Maintains Buy Rating

$KEYS

Wire53d ago

BigBear.ai Says Panama Transshipment Group to Deploy AI Cargo Security Platform

BigBear.ai (BBAI) said Wednesday that Panama Transshipment Group signed a commercial agreement to deploy an artificial intelligence-powered cargo security management platform developed by BigBear.ai and Narval's International Shipping Compliance unit.Financial details weren't provided.The application uses biometrics and advanced analytics to track cargo movements and handling across the supply chain, increasing visibility for customs and border security while reducing the risks of contraband, BigBear.ai said.Shares of BigBear.ai were up 1.7% in Wednesday trading.Price: $3.91, Change: $+0.07, Percent Change: +1.69%

$BBAI

Research53d ago

Research Alert: Wizards And Digital Gaming Continue To Fuel Growth At Hasbro

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HAS delivered strong Q1 2026 results with revenue of $1,000.2M (+13% Y/Y), $34M above estimates, and adjusted operating profit of $287M (+29% Y/Y), demonstrating exceptional operating leverage from higher-margin businesses. The quarter was led by outstanding Wizards and Digital Gaming segment performance, growing 26% Y/Y to $582.0M with a robust 51.2% operating margin. We continue to be impressed with the growth and margins of the company's Magic franchise, which grew 36% Y/Y to $469.6M, fueled by successful releases, and it is encouraging that Consumer Products is showing signs of stabilization despite Q1 headwinds. Management maintained full-year 2026 guidance despite a contained cybersecurity incident, expecting revenue growth of 3%-5% at constant currency and adjusted operating margin of 24%-25%. We believe Hasbro's franchise-first strategy continues to generate top-line growth and margin expansion well above peers, with shares trading at an attractive 16x consensus 2026 EPS estimates.

$HAS

Wire53d ago

UBS Adjusts Price Target on Costco Wholesale to $1,275 From $1,205, Maintains Buy Rating

Costco Wholesale (COST) has an average rating of overweight and mean price target of $1,093.59, 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: $1075.65, Change: $-18.67, Percent Change: -1.71%

$COST

Mining & Metals53d ago

BeMetals Provides Update on Proposed Acquisition of Prospective Projects from Prospector Metals

BeMetals (BMET.V) on Wednesday provided a progress update on the status of the transactions contemplated under the share purchase agreement dated April 15, 2026, with Prospector Metals (PPP.V).Pursuant to the agreement, BeMetals had agreed to acquire Prospector's remaining viable non-Yukon mineral exploration projects and certain marketable securities in exchange for 29.4 million common shares of BeMetals on a post-consolidation basis.The company has completed a consolidation of its outstanding common shares on the basis of one new common share for every ten common shares, as provided for under the agreement, on May 8, 2026, it said.On May 4, 2026, the company filed a notice of meeting and record date in connection with its annual general and special meeting of shareholders to be held on July 3, 2026, at which meeting the company will seek shareholder approval of, among other things, certain transactions related to the acquisition in accordance with the policies of the TSX Venture Exchange, stated the company.The company has also received conditional acceptance of the proposed acquisition from the TSXV and is in the process of completing a technical report on its material property, the Savant Gold Project in Ontario, Canada, added the company.

$BMET.V$PPP.V

Wire53d ago

Virtuix Says Rutgers University Deploys Omni One Platform for Autism Therapy Research

Virtuix (VTIX) said Wednesday that Rutgers University has deployed its Omni One treadmill platform for research centered on neurodivergent therapy, including autism therapy for children.Financial details were not provided.The project will explore how virtual environments combined with full-body movement on the Omni One system may improve learning outcomes, the company said.Omni treadmills allow users to walk and run in 360 degrees inside video games and other virtual reality applications, the company said.Shares of the company were up 2.4% in early Wednesday trading.Price: $3.49, Change: $+0.08, Percent Change: +2.35%

$VTIX

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US Markets53d ago

Lowe's Tops First-Quarter Views, Maintains Full-Year Outlook

$LOW