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SEALSQ Integrates IC'Alps, Strengthens Chip Design Capabilities

SEALSQ (LAES) said Wednesday it has integrated IC'Alps into its semiconductor and post-quantum technology ecosystem, bolstering its chip design and Application-Specific Integrated Circuit development capabilities.The company said the milestone reinforces technical autonomy and semiconductor independence for Europe by boosting the region's capacity to design and control semiconductor technologies.Price: $2.72, Change: $+0.01, Percent Change: +0.37%

$LAES

Commodities53d ago

US Natural Gas Update: Futures Slip as LNG Feedgas Flows Sink to Lowest Level in Months

US natural gas futures were down on Wednesday, after LNG export feedgas flows dropped to their lowest level in months this week.The front-month Henry Hub contract and the continuous contract were both down by 1.57% at $3.065 per million British thermal units.This comes after feedgas flows hit 15.1 billion cubic feet on Tuesday, the lowest level since January, according to a Reuters report, citing data from LSEG.In May, average gas flows to liquefaction plants have dropped to 16.9 Bcf per day, compared to a historic high of 18.8 Bcf per day in April. This has been attributed to spring maintenance turnarounds at several leading LNG facilities across the country.This was despite the Golden Pass LNG terminal in Texas resuming partial operations, adding 0.3 Bcf per day in additional flows.At the same time, production is expected to increase on Wednesday, to 107.3 Bcf per day, following declines over the past week, according to NRG Energy, adding to the bearish momentum.On the bullish front, most parts of the country are expected to see above-normal temperatures from May 27 to June 2, according to the National Weather Service, leading to increased air conditioning power demand part-derived from gas.

Mining & Metals53d ago

Strategic Metals Options Yukon Copper-Gold Property to GT Resources

Strategic Metals (SMD.V) has granted GT Resources a staged option to acquire up to a 75% interest in the CD copper-gold porphyry property in west-central Yukon, according to a Wednesday news release.GT can earn an initial 60% interest in the CD property by paying Strategic C$225,000, issuing Strategic GT shares equal in value to $225,000, and incurring expenditures on the CD property of no less than $10 million by Oct. 15, 2030.GT can acquire an additional 15% interest by making an additional payment to Strategic of $1 million, or the equivalent value in GT shares, on or before Dec. 15, 2030.Following the exercise of the second option, GT and Strategic will form a 75/25 joint venture to further explore and develop the CD property.If GT elects to exercise the first option only, GT and Strategic will form a 60/40 joint venture to explore and develop the property.The property option is subject to GT obtaining TSX Venture Exchange acceptance of the transaction.The property is located within the southern part of the Dawson Range Gold Belt. The intrusive rocks are coincident with a 1,200 meter by 400 m, very strong copper-, gold- and molybdenum-in-soil anomaly overlapping with prominent geophysical features that have not been drill tested.

$SMD.V

Treasury53d ago

World Cup Expected To Bring More Positive Regional, Than National Economic Effects, says TD Economics

As 13 games kick off in Toronto and Vancouver in June with Canada co-hosting the 2026 FIFA World Cup, the positive national economic effects are expected to be small, but the regional effects will be "well timed" to offer some economic relief, said TD.Primarily, TD expects to see a temporary rise in demand and inflation as prices for hotels, restaurants, and recreational activities rise to coincide with the event, as was seen with other tourist draws, like the Taylor Swift Era's concert tour."This will be barely noticeable in the overall data, but comes at a time when BC [British Columbia] and Ontario are absorbing the brunt of the negative impacts from trade and energy shocks, said TD, before adding: "In Ontario, GDP [gross domestic product] could see a temporary 0.2% quarter-over-quarter annualized lift. In B.C., the quarterly effect could be as large as 0.5% quarter over quarter."Although these effects would be transitory and wash out in the annual figure, the growth impulse can serve as a "salve" to temporarily alleviate the pain from the other economic ailments, it said.

$CXY

Wire53d ago

Ecopetrol Buys 49% Stake in 2 Wind Projects for $25.5 Million

Ecopetrol (EC) said Wednesday it has bought a 49% stake in two of the six projects comprising the Jemeiwaa Ka'I wind cluster in La Guajira, Colombia, for $25.5 million.The deal followed the fulfillment of the conditions precedent and legal requirements for the acquisition under an investment framework agreement with AES (AES) Colombia, Ecopetrol said.The JK1 and JK2 projects have a combined capacity of 259 megawatts and include a 35-kilometer transmission line to the collector substation, according to a statement.Ecopetrol said it will complete the acquisition of the remaining portion of the 49% interest in the wind cluster once the conditions precedent for the other four projects are met.Price: $14.16, Change: $+0.15, Percent Change: +1.07%

$AES$EC

Wire53d ago

Starfighters Space Expands Partnership With Mu-g Technologies

Starfighters Space (FJET) expanded its partnership with Mu-g Technologies to cover a co-location agreement and issue a joint response to NASA's request for information for parabolic flight services, the companies said Wednesday.The companies signed a memorandum of understanding for the expansion, according to the statement. No financial details were disclosed.Under the co-location arrangement, Mu-g's Falcon 50 aircraft will be modified for parabolic test flights and have its flight testing at Starfighters' hangar at the Midland International Air & Space Port, the companies said.For the joint response, the partners will combine Mu-g's modified Falcon 50 and microgravity research with Starfighters' F-104 supersonic platform and flight operations infrastructure, according to the statement.Price: $5.25, Change: $-0.21, Percent Change: -3.85%

$FJET

Wire53d ago

Goldman Sachs-Backed GridStor Buys Colorado Battery Storage Project From Accelergen

Goldman Sachs Group-backed (GS) GridStor has acquired Accelergen's 199-megawatt, 796-megawatt-hour Birdseye battery energy storage project in Colorado, GridStor said Wednesday.Financial terms of the deal were not provided.The builder and operator of battery projects said it expects the facility to begin commercial operations by the end of 2028, with construction potentially starting next year.The project could supply enough electricity during peak demand periods to serve more than 150,000 households, GridStor said.Price: $946.89, Change: $+18.14, Percent Change: +1.95%

$GS

Wire53d ago

Arthur J. Gallagher Adds McKee Risk Management to RPS Division

Arthur J. Gallagher's (AJG) US wholesale brokerage and programs division Risk Placement Services has acquired McKee Risk Management, the company said Wednesday.Terms of the transaction were not disclosed.The acquisition strengthens RPS's program administration capabilities and expands its underwriting expertise within its existing platform, the company said.McKee Risk Management provides underwriting, policy administration, claims coordination and risk management services across construction, public entity and property programs, Arthur J. Gallagher said.Price: $202.44, Change: $-1.04, Percent Change: -0.51%

$AJG

Research53d ago

Research Alert: V.f. Corporation Sees Early Success In Turnaround

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:VFC delivered solid Q4 FY 26 (Mar.) results with revenue of $2.166B (+1% Y/Y), $39M above estimates, and operating income of $62M versus a $73M loss in the prior year. Excluding the divested Dickies brand, revenue grew +8% Y/Y, ahead of guidance, with adjusted gross margin expanding 260 bps to 56.4%. We believe the turnaround story remains strong and are impressed with North Face (+12% Y/Y) and Timberland (+8% Y/Y) strength, while Vans showed early stabilization signs with Americas DTC returning to growth. Management reinstated FY 27 guidance, projecting +1% to +2% constant currency revenue growth with ~8% operating margin. Net debt declined $800M, reducing leverage from 4.1x to 3.1x, representing substantial progress toward the 2.5x target. We expect continued progress as the company executes its strategy to focus on core brands and strengthen the balance sheet, with Vans stabilization and sustained North Face/Timberland performance positioning VFC well for FY 27.

$VFC

Commodities53d ago

Cadeler Q1 Fleet Utilization Eases YoY; Backlog Remains 'Robust'

Cadeler (CDLR), a New York-listed pure-play offshore wind installation partner, said Wednesday its fleet of 10 operating wind turbine installation vessels achieved a utilization rate of 47.6% in Q1, down from 55.3% a year earlier.The company attributed the year-over-year decline to transit periods for Wind Ally and Wind Mover, upgrading of Wind Keeper, and scheduled maintenance of Wind Orca.As of March 31, Cadeler's order backlog remained "robust" at 2.71 billion euros ($3.14 billion), the company said.To strengthen long-term fleet strategy, the company said it had secured 175 million euros in private placement "to partly finance two new T-class wind installation vessel newbuilds scheduled for delivery in 2030 and 2031, as well as the acquisition of a vessel to support future scour protection activities."During the period, the company also secured "several" new operations and maintenance projects through Nexra, its dedicated offshore wind aftermarket service platform, it said.Price: $26.79, Change: $+0.54, Percent Change: +2.06%

$CDLR

Mining & Metals53d ago

Lahontan Gold Higher As Provides Santa Fe Mine Development and Permitting Update

Lahontan Gold (LG.V) is fully funded into 2027 with proceeds from its recently completed private placement for gross proceeds of $13.6 million, combined with ongoing warrant exercises, it said on Wednesday in providing an update on mine development, permitting, and exploration activities at its flagship Santa Fe Mine project located in Nevada's Walker Lane.Among highlights of recent technical and permitting work, the company said it has completed an extensive geotechnical drill campaign totalling 2,569 metres in 11 diamond core and reverse-circulation (RC) drill holes. An updated Mineral Resource Estimate (MRE) is expected to be announced in the weeks ahead, and when completed, the company will focus on updating the Santa Fe Preliminary Resource Assessment (PEA), expected to be completed in September of this year, utilizing the new MRE, it said.For Santa Fe Mine exploration drilling, key geotechnical drilling has been completed, with the RC drill rig now focused on large scale step-out drilling throughout the Santa Fe Mine project. The company plans up to 7,000 metres of exploration drilling across multiple areas including the Slab West, South Slab, Guzzler, and EM targets. Several drill holes have been completed, and analytical results are expected soon.The company also plans 1,700 metres of drilling in 96 holes across the four heap leach pads at Santa Fe. Based on the success of its exploration program at West Santa Fe, the company, in consultation with the Federal Bureau of Land Management, has begun baseline environmental and cultural studies over the entire project area, it said.Shares were last seen up $0.01 at $0.37 having closed down 8.9% to $0.36 on Tuesday.Price: $0.38, Change: $+0.02, Percent Change: +4.17%

$LG.V

Wire53d ago

Market Chatter: Ares Management, Scion Group Buy 12 US Student-Housing Properties for $910 Million

An Ares Management (ARES) fund and the Scion Group have purchased 12 US student-housing properties for about $910 million, Bloomberg News reported Wednesday.The properties include a total of 7,578 beds and are located near schools including the University of Notre Dame outside of South Bend, Indiana, Ohio State University in Columbus and James Madison University in Harrisonburg, Virginia, according to the report.Ares Management 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: $119.93, Change: $-1.20, Percent Change: -0.99%

$ARES

Wire53d ago

Medtronic to Acquire SPR Therapeutics for $650 Million

Medtronic (MDT) said Wednesday it is planning to acquire medical technology firm SPR Therapeutics for an upfront cash payment of about $650 million.The acquisition will allow Medtronic to provide more pain relief options earlier in the care continuum, according to a statement.The deal is expected to close within H1 of Medtronic's fiscal year, which started on April 25, the company said.Price: $77.66, Change: $-0.91, Percent Change: -1.15%

$MDT

Mining & Metals53d ago

TSX Opens Near 80 Pts Higher; But Down More Than 500 Pts Over Last Two Sessions

S&P/TSX CompositeS&P/TSX Composite

Sectors53d ago

Natural Gas Moves Lower Despite Hot Weather Forecasts

Natural gas prices fell early Wednesday even as long-term forecasts see warmer than seasonal weather coming for most states. Gas for June delivery was last seen down $0.05 to US$3.06 per million British thermal units.The drop comes even as long-term forecasts from the National Weather Service expect all lower-48 states to see seasonal or warmer temperatures over its six to 14 outlook, with nearer-term forecasts seeing hot weather for big markets."Record high temperatures will impact much of the East Coast.....with highs of lower to mid-90s and decently strong demand for cooling this early in the season," NatGasWeather noted.

$NGM6$UNG

Treasury53d ago

Inflation Climbs Again in April, But Bank of Canada Can Afford to Wait, says National Bank

Canadian inflation edged higher again in April, as the annual increase in prices climbed from 2.4% in March to 2.8%, but the increase was well below economists' consensus forecast of 3.1%, noted National Bank of Canada.In terms of the impact of the data for rates, National Bank has argued since inflation in Canada was already well under control before the recent oil shock the Bank of Canada should look through the rise in energy prices and leave the key benchmark unchanged. Tuesday's consumer price index report reinforces that view, it said.Core inflation remains contained, pointing to an economy still operating with excess supply, and it also reflects the continued easing in shelter costs, the bank added."Indeed," National Bank noted, "a declining population combined with higher interest rates has triggered a correction in housing prices, particularly in the country's least affordable markets. With vacancy rates increasing amid recent demographic trends, rent prices have been the biggest driver of this slowdown.""In this context, and given that the labor market registered its worst start of the year since 2009 (excluding the COVID-19 pandemic), we believe that the risk of second-round effects (wage-push inflation) from the surge in energy prices is limited."It's true that the Middle East conflict is still not resolved, and energy prices are on track to rise again in May, meaning that annual inflation has likely not peaked yet, said National Bank. But interest rates already appear far from accommodative in an environment characterized by geopolitical uncertainty and ongoing trade tensions with the United States, it added.Overall, current conditions argue for a patient approach from the BoC, according to the bank.

$CXY

Equities53d ago

UK Plans to Allow Parliament to Approve Critical Energy, Infrastructure Projects

UK Chancellor of the Exchequer Rachel Reeves is expected to announce further reforms designed to accelerate critical energy and infrastructure projects by reducing the exposure from judicial review, according to a Wednesday release.Under the headline proposal, the parliament can designate and approve the "most important" clean energy projects as being of "Critical National Importance," shielding them from judicial review except on human rights grounds.For all other nationally significant infrastructure, a fixed legal challenge window would be introduced, after which the planning consent would be updated to address any legitimate concerns.

FTSE 100

Asia53d ago

Kanzhun's Profit Soars in Q1

Kanzhun (HKG:2076) recorded a rise in attributable net income in the first quarter of 2026 to 1.16 billion yuan from 518.1 million yuan a year prior, according to a Wednesday Hong Kong bourse filing.Earnings per share stood at 1.22 yuan, up from 0.58 yuan in the first quarter of 2025.The head-hunting firm's revenue climbed 7.6% to 2.07 billion yuan from 1.92 billion yuan in the year-ago period.

HKG:2076

Oil & Energy53d ago

US Oil Update: Oil Tumbles More Than 2% as Trump Says Again That War Near End

Oil prices tumbled more than 2% Wednesday as US President Donald Trump's assurances of a swift end to the Iran war prompted brief profit-taking, though investors remain highly sensitive to ongoing physical disruptions across Middle East.Front-month West Texas Intermediate crude futures fell by 2.3% to $101.78 per barrel, while Brent futures were down 2.5% to $108.53/bbl.During the White House Congressional Picnic on Tuesday, Trump reportedly told lawmakers the war would end "very quickly.""Trump warned US strikes on Iran could resume within days if talks with Gulf nations fail, adding to market volatility," Saxo Bank analysts said.According to Saxo Bank, crude continues to trade with an aggressive risk premium reflecting the realities of the conflict.Analysts noted that if the Strait of Hormuz remains closed into June, localized supply crunches now hitting downstream markets are expected to transition into severe global oil shortages, potentially triggering a significant, secondary price spike.On the supply side, data from the American Petroleum Institute revealed Tuesday that US crude oil inventories dropped by 9.1 million barrels in the week ended May 15.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.

Sectors53d ago

Sector Update: Energy Stocks Lean Lower Premarket Wednesday

Energy stocks were leaning lower premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.7%.The United States Oil Fund (USO) was down 2.8% and the United States Natural Gas Fund (UNG) was 1.9% lower.Front-month US West Texas Intermediate crude oil was 0.8% lower at $107.77 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 2.3% to $108.68 per barrel, and natural gas futures were down 2.1% at $3.05 per 1 million British Thermal Units.Golar LNG (GLNG) stock was up more than 3% after the company posted higher Q1 net income and operating revenue.Dorian LPG (LPG) shares were up more than 4% after the company reported higher fiscal Q4 adjusted earnings and revenue.Shell (SHEL) unit BG International has sold participating interests in three exploration blocks offshore Uruguay to QatarEnergy. Shell shares were 0.4% lower pre-bell.

$GLNG$LPG$SHEL$UNG$USO$XLE

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