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Agencia Comercial Spirits Unit Enters Deal to Offer AI Computing Services

Agencia Comercial Spirits (AGCC) said Tuesday its unit AGCC Singapore entered a five-year agreement with a client in the digital financial services sector to provide artificial intelligence computing cloud services.The deal is expected to generate up to $374.4 million in gross service fees over the 60-month service period, the company said.The agreement represents part of the company's efforts to expand into the AI computing infrastructure space, the company said.Price: $18.49, Change: $-0.31, Percent Change: -1.65%

$AGCC

Wire54d ago

Samsara Launches AI Tools for Public-Sector Organizations

Samsara (IOT) has launched three new artificial intelligence tools for public-sector organizations, the company said Tuesday.The tools include Ground Intelligence, which helps public works teams detect urgent conditions on US roads; Waste Intelligence, which aids waste management teams with service verification; and Ridership Management, which provides a real-time digital manifest for the transportation services of school districts, the company said.Price: $28.81, Change: $-0.26, Percent Change: -0.89%

$IOT

Wire54d ago

Johnson & Johnson Launches Shockwave C2 Aero Coronary IVL Catheter

Johnson & Johnson (JNJ) said Tuesday it has launched its Shockwave C2 Aero Coronary IVL Catheter, expanding its intravascular lithotripsy portfolio for the treatment of calcified coronary artery disease.The next-generation catheter is designed to enhance deliverability, lesion crossing, and balloon repositioning, the company said.Shockwave C2 Aero is now available in the US and Japan and will be available in Europe and Canada in the coming months, it said.Price: $223.37, Change: $+1.94, Percent Change: +0.87%

$JNJ

Wire54d ago

FactSet Research Systems, Valutico Collaborate on Private Markets Valuation Workflow

FactSet Research Systems (FDS) said Tuesday it is collaborating with valuation technology provider Valutico to launch an integrated workflow for private capital markets.Financial details weren't disclosed.The partnership aims to replace manual, spreadsheet-based processes with an automated system to meet rising investor demand for frequent, transparent valuations, the company said.Price: $218.29, Change: $-0.90, Percent Change: -0.41%

$FDS

Mining & Metals54d ago

Canuc Resources Buys Claims Covering 271 Hectares Within East Sudbury Project

Canuc Resources (CDA.V) acquired 13 additional mining claims within its East Sudbury Project (ESP) in the Sudbury, Ontario region, covering 271 hectares, it said Tuesday.The additional claims are situated within the broader ESP mineralized corridor east of the McLaren Lake Fault Zone (MLFZ) and are considered to be prospective for critical and precious metals mineralization within a system that can form IOCG and affiliated mineral deposits, it said."The claims are located just east of the area being covered by the seismic survey undertaken by NRCan and will also be covered by the concurrent gravity gradiometric survey being flown by Bell Geospace," said Canuc Chief Executive Chris Berlet. "The advanced geophysics which is scheduled to cover the area of these newly acquired claims is expected to provide critical information relating to IOCG and MIAC deposit targets along and beside the McLaren Lake Fault Zone within the company's East Sudbury Project."Newly acquired claims have been integrated into ongoing exploration initiatives including the upcoming exploration and geophysical programs, the company said.Shares of the company were last seen unchanged at $0.81 on the TSX Venture Exchange.

$CDA.V

Wire54d ago

Market Chatter: Tesla Adds $250 Million to German Battery Cell Investment

Tesla (TSLA) plans to increase its investment in battery cell output at its plant in Gruenheide, Germany, by $250 million, Reuters reported Tuesday, citing a company statement.The company is targeting annual production capacity of 18 gigawatt hours, up from 8 GWh previously planned, the report said.In December, Tesla announced investments of 1 billion euros ($1.2 billion), the report said.Tesla didn't immediately respond to a request for comment by.(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: $438.14, Change: $-6.94, Percent Change: -1.56%

$TSLA

Commodities54d ago

US DOE Renews Emergency Orders to Bolster Puerto Rico Grid Ahead of Peak Demand

The US Department of Energy renewed two emergency orders on Tuesday to strengthen Puerto Rico's power grid as the island prepares for rising summer electricity demand and the 2026 hurricane season.The orders, effective May 12 through Aug. 9, authorize the Puerto Rico Electric Power Authority to dispatch generation units beyond normal permitting limits to maintain critical capacity. The measures also extend vegetation management efforts to reduce outages caused by storm damage to transmission lines.The DOE has framed the emergency measures as part of broader efforts to reduce the risk of widespread outages, particularly during severe weather.Puerto Rico's transmission infrastructure has faced repeated disruptions in recent years, with storms and high winds posing ongoing threats to high-voltage lines.The Department said the renewals build on actions taken in 2025 and early 2026 to stabilize the grid and prevent island-wide blackouts."Renewing these orders ensures critical work moves forward, urgent reliability changes are addressed, and Puerto Rico's grid is ready to withstand rising energy demand," Energy Secretary Chris Wright said.The agency said the directives are meant to address ongoing reliability challenges while supporting longer-term modernization efforts.The orders allow generators to operate beyond normal permitting limits, a step the DOE said is intended to address ongoing reliability challenges and help prevent island-wide blackouts.The DOE plans to continue working with local authorities to ensure grid reliability for the island's 3.2 million residents and to reduce the economic costs associated with prolonged outages.

Wire54d ago

BlackSky Technology Wins Contract for Gen-2 Mission Applications

BlackSky Technology (BKSY) said Tuesday it won a seven-figure subscription contract from a new government client for new Gen-2 mission applications.This initial one-year period-of-performance agreement expands access to Gen-2 capacity and boosts mission value for the clients, according to a statement.Shares of BlackSky rose 2.5% on Tuesday.Price: $42.03, Change: $+0.65, Percent Change: +1.57%

$BKSY

Wire54d ago

Jack Henry & Associates Expands Buyback Program

Jack Henry & Associates (JKHY) said Tuesday its board increased the company's stock repurchase authorization by 5 million shares, bringing the total current authorization to 6.4 million shares.The company said it plans to finance the buybacks with cash reserves or short-term borrowings under its existing credit facility.Shares of Jack Henry & Associates were up nearly 2% in Tuesday trading.Price: $146.46, Change: $+2.81, Percent Change: +1.95%

$JKHY

Oil & Energy54d ago

Ming Yang Secures Ethiopia License for $10 Billion Renewable Deal

Offshore wind power firm Ming Yang secured an Ethiopian investment license after signing a $10 billion investment agreement at the fourth Invest in Ethiopia Forum, the Ethiopian Investment Commission said Monday.The company signed the largest agreement at the fourth edition of the Invest in Ethiopia Forum, where seven firms committed a combined $13.1 billion.Ming Yang will spend $7.47 billion in the first phase to build renewable energy projects with 8.4 gigawatts of capacity across Ethiopia's South Omo, Afar and Somali regions.The project will generate 5.4 GW from wind facilities and 2.8 GW from solar plants as Ethiopia expands large-scale clean energy production, according to the commission.Ming Yang raised its original $10 billion commitment by another $4.1 billion.The company will direct $7.3 billion toward green ammonia, electric transmission equipment and wind turbine manufacturing in the project's second phase.The commission said the projects will support industrial growth, create jobs, strengthen technology transfers and increase foreign exchange earnings as Ethiopia pushes economic reforms and attracts foreign investment.Five companies from the third edition of the Invest in Ethiopia Forum have started operations and begun exporting products to global markets, strengthening Ethiopia's position as a growing industrial and investment hub, the commission added.

Wire54d ago

Virtus Investment Partners Reports Higher April Preliminary Assets Under Management

Virtus Investment Partners (VRTS) said Tuesday its preliminary assets under management rose to $154.81 billion as of April 30 from $149.03 billion at the end of March.The company said the change reflects market performance and positive net flows in exchange-traded funds, wealth management retail separate accounts, and tender-offer funds.Price: $140.86, Change: $-1.84, Percent Change: -1.29%

$VRTS

Commodities54d ago

Tata Energy's Renewable and Transmission Sectors Gain in Q4 of Fiscal 2026

India's Tata Energy reported Tuesday Q4 results for fiscal 2026 for its renewable energy and power transmission businesses, showing gains in solar manufacturing, rooftop solar installations, and transmission operations.The renewables business posted fourth-quarter profit after tax of 4.06 billion Indian rupees ($48 million). For the full fiscal year ended March 2026, PAT rose 59% year-on-year to 19.94 billion rupees.The company's solar cell and module manufacturing business reported fourth-quarter PAT of 2.65 billion rupees, up 40% year over year. Full-year PAT more than doubled to 8.57 billion rupees, helped by manufacturing yields above 95%.The rooftop solar segment reported fourth-quarter PAT of 1.86 billion rupees, up 94% year on year. Full-year PAT jumped 150% to 4.99 billion rupees.The transmission and distribution business posted fourth-quarter PAT of 9.49 billion rupees, up 54% from the same period last year. Full-year PAT increased 49% to 29.78 billion rupees.Meanwhile, the Odisha power distribution companies, or DISCOMs, reported fourth-quarter PAT of 3.04 billion rupees, up 11% year-on-year. Full-year PAT rose 84% to 8.09 billion rupees.

Wire54d ago

WisdomTree Reports Assets Under Management Metrics for April

WisdomTree (WT) on Tuesday reported assets under management of $158.66 billion as of April 30, up from $150.57 billion as of March 31.The company said it generated $1.22 billion in net inflows in April, representing annualized organic growth of 9.8%.Price: $18.81, Change: $-0.59, Percent Change: -3.04%

$WT

Research54d ago

BofA Initiates Alamar Biosciences at Neutral With $27 Price Target

$ALMR

Wire54d ago

Evercore ISI Adjusts Price Target on T. Rowe Price to $106 From $104, Maintains In Line Rating

T. Rowe Price (TROW) has an average rating of underweight and mean price target of $95.83, 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://www..com/contact-us)Price: $101.38, Change: $-3.37, Percent Change: -3.22%

$TROW

Wire54d ago

Eagle Bancorp Appoints Stephen Curley as President, CEO

Eagle Bancorp (EGBN) said Tuesday that its board has appointed Stephen Curley as president and chief executive officer, effective July 6.Curley has over 25 years of experience leading diversified business lines and was previously employed at Western Alliance Bank in Phoenix, Arizona, Eagle Bancorp said.Susan G. Riel will remain the president and chief executive officer of the bank until July 5 to support a smooth transition, and continue as a consultant for 12 months thereafter.Shares of the bank were down 1.9% in early Tuesday trading.Price: $24.95, Change: $-0.69, Percent Change: -2.69%

$EGBN

Wire54d ago

Aptiv to Deploy Gen 8 Radar Platform in Volvo Cars Starting 2028

Aptiv (APTV) said Tuesday its Gen 8 radar platform has been selected by Volvo Cars for deployment in future vehicles starting 2028.The Gen 8 radar is expected to provide high-resolution sensing to support AI-powered safety and driver assistance functions, Aptiv said.Financial terms of the collaboration were not provided.Price: $55.95, Change: $+0.54, Percent Change: +0.97%

$APTV

Wire54d ago

Fluence Energy Stockholders Launch Public Stock Offering

Fluence Energy (FLNC) said Tuesday its controlling stockholders are launching an underwritten public offering of 20 million shares of Class A common stock.The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 3 million shares.Fluence said it is not selling any shares in the offering and will not receive any proceeds from the transaction.Shares of Fluence Energy were down nearly 16% in Tuesday trading.Price: $21.25, Change: $-3.99, Percent Change: -15.79%

$FLNC

Wire54d ago

Kennedy Wilson Launches $1.80 Billion Private Offering of Senior Notes

Kennedy-Wilson Holdings (KW) said Tuesday its unit commenced a private placement of $1.8 billion in senior debt maturing in 2031 and 2033.The company intends to use the net proceeds to retire existing notes due in 2029 and 2030 upon the completion of its pending merger, the company said.Remaining proceeds will be directed toward acquiring 2031 notes, reducing unsecured credit facility balances, and for general corporate operations, Kennedy Wilson said.The raised capital will be held in escrow if the transaction closes before the merger and requires a full mandatory redemption if the buyout is not closed by Nov. 16, the company added.Price: $11.01, Change: $-0.02, Percent Change: -0.23%

$KW

Commodities54d ago

US Natural Gas Update: Futures Slide Amid Drop in Domestic Demand, Steady Output

US natural gas futures were down on Tuesday amid a steep drop in domestic demand, while gas production continues to remain steady.Both the front-month Henry Hub contract and the continuous contract were down by 2.65% to $2.833 per million British thermal units.Supply remains above demand, averaging 107.2 billion cubic feet per day, while demand softened to 98.7 Bcf/d from 105 Bcf/d last week, according to NRG Energy.At the same time, LNG export feedgas flows are averaging about 17 Bcf/d, compared with the 30-day moving average of 18.87 Bcf/d. This is due to scheduled maintenance across several LNG export facilities, which is expected to last a few more weeks.However, weather forecasts have turned bullish, with almost the entire country expected to see above-normal temperatures from May 19 to May 25, according to the National Weather Service.This is expected to create meaningful early-season cooling demand, according to Pinebrook Energy Advisors, which should result in "higher natural gas burn for power generation and tighten the fundamental balance."

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