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Goldman Sachs Raises Fox Price Target to $81 From $75

Fox (FOX, FOXA) has an average rating of overweight and mean price target of $69.38, 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: $60.10, Change: $+3.50, Percent Change: +6.18%

$FOX$FOXA

Wire53d ago

Primoris Services Shares Rise After Mizuho Upgrade

Primoris Services (PRIM) shares rose 9.2% on Monday after Mizuho upgraded the stock to outperform from neutral with a price target of $175 per share.Trading volume stood at over 2 million shares compared with a daily average of nearly 1.2 million.Price: $115.09, Change: $+10.29, Percent Change: +9.82%

$PRIM

Wire53d ago

Market Chatter: McEwen Copper Signs Deal With Financial Firm to Manage $2.4 Billion Loan for Argentina Project

McEwen's (MUX) McEwen Copper has signed a deal with a financial firm to manage a $2.4 billion loan package that is funding part of the Los Azules copper project in Argentina, Reuters reported Monday, citing Michael Meding, McEwen Copper's vice president and general manager.Meding said the loan is part of a $4 billion financing package for the project and that McEwen Copper is targeting a 40-60 split between equity and debt for the package, according to the news outlet.McEwen 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: $25.30, Change: $+1.07, Percent Change: +4.41%

$MUX

Wire53d ago

Update: Hawaiian Electric Industries Shares Fall After Higher 2026 Operational Cost Guidance

(Updates with the latest stock price movement in the headline and the first paragraph, and operations forecast details in the fourth and fifth paragraphs.)Hawaiian Electric Industries (HE) shares fell 4.9% in afternoon trading Monday after the company revealed late Friday, along with its Q1 results, that it expects operations and maintenance costs to outpace inflation in 2026.The company reported Q1 non-GAAP net income late Friday of $0.18 per diluted share, up from $0.15 a year earlier.Revenue in the three months ended March 31 rose to $746.4 million from $744.1 million a year earlier.Hawaiian Electric Industries expects 2026 operations and maintenance expenses, excluding pension, to outpace inflation as it navigates a transitional year ahead of a 2027 rate rebasing amid higher insurance premiums, storm response expenses, vegetation management expenses, and information technology-related and labor costs, it said.The company also expects maximum penalty under the Fuel Cost Risk Sharing mechanism, it added.Price: $14.11, Change: $-0.73, Percent Change: -4.89%

$HE

Wire53d ago

Update: ASP Isotopes Shares Rise After Unit Signs MOU With European Nuclear Technology Company

(Updates with the latest stock move in the headline and first paragraph.)ASP Isotopes (ASPI) shares were up 18% in Monday trading after the company said its subsidiary Quantum Leap Energy has entered into a non-binding memorandum of understanding with a European nuclear technology company specializing in advanced nuclear reactor development.Under the terms of the memorandum, which extends through Dec. 31, 2030, the two organizations will assess the viability of a long-term collaboration for the supply of high-assay low-enriched uranium with uranium-235 content of greater than 10%, the company said.The European partner could potentially provide uranium feedstocks for Quantum's planned conversion and enrichment facilities, the company said.Potential deliveries could begin in 2028 and scale up through 2036, the company said.Price: $6.38, Change: $+1.00, Percent Change: +18.59%

$ASPI

Oil & Energy53d ago

UK Imposes Fresh Sanctions on Iran-Linked Networks Over Illicit Finance, Security Threats

The UK government is implementing a new round of sanctions targeting individuals and organizations linked to Iranian state-backed hostile activity, it said in a statement on Monday.Foreign Secretary Yvette Cooper said the measures are aimed at groups and individuals enabling destabilizing activity attributed to Iran, including the use of criminal proxies operating across Europe."The measures target illicit finance flows which enable the Iranian regime to pursue destabilizing action across the Middle East, including their blockade of the Strait of Hormuz - contravening international law and disrupting the global economy - and military strikes against regional and Gulf allies," according to the statement.Officials said the sanctions respond to Iranian activity affecting global security, including financial and operational networks tied to regional instability, military activity in the Middle East, and maritime risks in the Strait of Hormuz.The UK also alleged that some networks were supporting threats against the US and European countries.The package includes asset freezes, travel bans and restrictions preventing designated individuals from holding roles in UK companies or accessing financial systems.The government said the measures are intended to cut off funding linked to hostile activity and deter attacks against dissidents abroad.Entities sanctioned include Berelian Exchange, GCM Exchange and The Zindashti Network, all now subject to asset freezes and corporate restrictions.Individuals sanctioned include Mansour Zarringhalam, Nasser Zarringhalam, Ekrem Abdulkerym Oztunc, Nihat Abdul Kadir Asan, Reza Hamidiravari, and Namiq Salifov, along with Fazlolah Zarringhalam, Pouria Zarringhalam and Farhad Zarringhalam.The UK said over 550 sanctions have now been imposed on Iranian-linked individuals and entities, including prior measures against the Islamic Revolutionary Guard Corps.Officials said the measures are aligned with European partners and form part of a broader strategy to counter hybrid threats and illicit finance.The government also said diplomatic efforts continue alongside sanctions to reduce regional tensions and improve maritime security in the Middle East.

Wire53d ago

Deutsche Bank Cuts L3Harris Technologies Price Target to $300 From $326

L3Harris Technologies (LHX) has an average rating of overweight and mean price target of $390.21, 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: $303.32, Change: $+3.68, Percent Change: +1.23%

$LHX

Sectors53d ago

Update: WTI Oil Rises as the United States Rejects Iran's Response to Its Peace Proposal

West Texas Intermediate (WTI) oil rose on Monday after the United States rejected Iran's response to its peace proposal, calling it unacceptable, continuing the war that has produced the largest-ever energy supply shock.WTIcrude oil for June delivery closed up US$2.65 to settle at US$98.07 per barrel, while July Brent oil was last seen up US$3.47 to US$104.76.Iran replied to a U.S. peace offer last week with a plan of its own, delivering a response on Sunday that included demands for compensation for war damages, acknowledgement of its control of the Strait of Hormuz, an end to Israel's war on Lebanon and the removal of sanctions on it oil exports and nuclear enrichment program.Iran's demands were dismissed by U.S. President Trump. who called the demands "totally unacceptable" in a social media post.The war launched by the United States and Israel is now in its tenth week, leaving the Strait of Hormuz closed to tankers that delivered 20% of daily demand for oil, LNG and refined products. Iran's blockade of the Strait has forced Asian nations that rely on Persian Gulf imports to bid up spot prices for oil, caused shortages of aviation fuel and raised inflation as gasoline costs climb."The two sides continue to maintain a fragile ceasefire while the effective closure of the Strait of Hormuz drags on. After briefly trading down to USD 96 last week on renewed hopes the strait would reopen, Brent has rebounded above USD 105. Morgan Stanley has described the situation as a "race against time," warning that recent mitigating factors - such as a surge in U.S. exports (+3.8 mb/d YoY over the past 30 days) and weaker Chinese imports (-5.5 mb/d) - cannot persist indefinitely. That increasingly leaves demand destruction through slower consumption growth and higher prices as the only viable mechanisms to rebalance the market," Saxo Bank wrote.

$CLM6$LCON6$USO

Wire53d ago

Street Color: Ford Motor Introduces Ford Energy Unit

Sectors53d ago

June WTI Crude Oil Contract Closes Up US$2.65; Settles at US$98.07 per Barrel

$CLM6$LCON6$USO

Wire53d ago

Barclays Raises Bloom Energy Price Target to $254 From $177, Equalweight Rating Kept

Bloom Energy (BE) has an average rating of overweight and mean price target of $166.44, 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: $291.79, Change: $+30.76, Percent Change: +11.78%

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International53d ago

April US Overall Consumer Prices Expected to Rise by 0.6% After Energy Surge in March

The US Consumer Price Index is expected to rise by 0.6% in April after a 0.9% energy-led gain in March, according to a survey compiled by Bloomberg.The year-over-year rate is forecast to accelerate further to 3.7% from 3.3% as a result.The CPI data are scheduled to be released at 8:30 am ET Tuesday.The same survey looks for a 0.3% increase in core CPI, excluding the volatile food and energy components after 0.2% increase. The year-over-year rate is expected to rise to 2.7% from 2.6%.Prices in the owners' equivalent rents and regular rents categories are forecast to post further small gains. Those two categories combine for nearly one-third of overall CPI and are a key focus for the Federal Reserve.New vehicle prices and used vehicle prices are expected to rebound modestly after weakness in the previous month.The Federal Reserve's preferred inflation measures for April, the overall and core PCE price readings, are due to be released on May 28.

International53d ago

Daily Roundup of Key US Economic Data for May 11

Home resales accelerated slightly to a 4.02 million seasonally adjusted annual rate in April from a 4.01 million rate in March.Two of the four US regions posted month-over-month sales gains in April, while one declined and the other held steady. Sales were unchanged from April 2025."Despite mixed macroeconomic signals-including a record-high stock market and historically low consumer confidence-home sales were modestly boosted by the continued improvement in housing affordability," said NAR Chief Economist Dr. Lawrence Yun. "Mortgage rates are lower from a year ago, and average income growth is outpacing home price gains."The supply of homes for sale rose by 5.8% from March and were up 1.4% from a year ago.

Mining & Metals53d ago

Correction: -- CN Rail Submits Comments To STB On Completeness Of UP-NS Amended Merger Application

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Mining & Metals53d ago

CN Rail Submits Comments To STB On Completeness Of UP-NS Amended Merger Application

$CNRT.TO

Commodities53d ago

US Energy Output Hits Record in 2025 on Natural Gas, Oil Growth, EIA Says

US total energy production hit a record 107 quadrillion British thermal units in 2025, marking a fourth straight annual high, the US Energy Information Administration said Monday.The figure was up 3.4% from 2024, EIA said.US dry natural gas production climbed more than 4% over the year to a record 39 trillion cubic feet, with Appalachia, Permian and Haynesville driving most of the increase, the agency said.Natural gas has remained the largest source of US domestic energy production since 2011, with the US also holding its position as the world's top producer over the period.Crude oil production rose 3% from 2024 to a record 13.6 million barrels per day in 2025, a 350,000 b/d increase led mainly by the Permian Basin.Crude oil represented 26% of domestic energy production in 2025, while the US retained its position as the world's largest crude producer.Natural gas plant liquids production advanced 7% to a record 4 Tcf in 2025 and accounted for 9% of total domestic energy output, according to the EIA.Renewable energy production increased 3% from 2024 and posted a fifth consecutive annual gain as solar and wind generation reached record levels after new projects entered service, the agency said.Geothermal, hydroelectric, wood and waste energy production held steady over the year, while biofuels production edged lower after four consecutive years of growth.After declining for two consecutive years, US coal output increased 4% to 533 million short tons in 2025 and supplied 10% of domestic energy production, according to the EIA.

Wire53d ago

Chemours Reiterated 2026 Guidance but Investors Wanted Stronger Signal, RBC Says

Chemours (CC) reiterating its 2026 guidance may be viewed as weaker than peers, and investors may have been looking for a stronger signal from management of an H2 boost, RBC Capital Markets said in a note emailed Monday.Chemours secured a long-term chlorine supply contract with Olin (OLN) starting in 2028, aimed at strengthening its competitive position, the firm said. By that time, the PCC plant is expected to come online and deliver solid cost benefits for the company, according to the note.While the company should benefit from the Middle East conflict-driven sulfur cost inflation impacting sulfate-based TiO2 competitors, price has yet to boost earnings, which should start in H2, the brokerage added.RBC kept an outperform rating on Chemours and raised the price target to $29 from $26.Price: $25.31, Change: $+2.27, Percent Change: +9.85%

$CC

Mining & Metals53d ago

Planet Ventures Invests in Lux Aeterna

Planet Ventures (PXI.CN) made a strategic investment into Lux Aeterna, a space infrastructure company building the world's first fully reusable satellite platform, it said Monday.The company invested a total of US$100,000 into Lux Aeterna's equity financing. Lux Aeterna has already attracted significant attention from leading venture capital firms in the space sector, including Space Capital, and recently completed a US$10-million seed financing round led by Konvoy to speed-up development of its flagship spacecraft, with a demonstration mission targeted for 2027, it noted."We believe reusable satellite infrastructure represents one of the most important and underappreciated opportunities within the space economy," said Planet Ventures Chief Executive Etienne Moshevich. "Lux Aeterna is tackling a critical bottleneck in orbital logistics-bringing assets and materials back from space-and we believe this capability could unlock entirely new industries."Shares of the company were last seen unchanged at $0.34 on the Canadian Securities Exchange.

$PXI.CN

Wire53d ago

CIBC Lowers Cascades' Price Target to C$13.00 From C$14.00 Following Q1 Results

CIBC Capital Markets maintained its neutral rating on the shares of Cascades (CAS.TO) and cut its price target to C$13.00 from C$14.00 after the company reported its first quarter results on May 7.CIBC remains on the "sidelines given sluggish industry demand for corrugated," it said and added, that being said, it expects CAS' risk profile to improve as Bear Island ramps up further and leverage trends lower."We see net debt/EBITDA declining from 3.3x as of Q1 to 2.8x by year-end and 2.2x by the end of 2027," said analyst Hamir Patel. "Additionally, CAS appears to be delivering on portfolio rationalization, including targeting ~$230MM of redundant assets sales over 2025-Q3/26 ($149MM achieved to date), as well as $100MM in profitability improvements by year-end 2026 from 2024 levels ($30MM achieved in 2025)."CIBC maintained its rating on Cascades, while reducing its price target on lower estimates, it said.CIBC is reducing 2026/2027 EBITDA Estimates By 11%/5%, it said."We have lowered our 2026 and 2027 estimates by $66MM and $35MM, to $545MM and $620MM, respectively, largely reflecting weaker Containerboard segment assumptions," Patel added.Hamir Patel said over the past week, the "top three NA containerboard producers announced price hikes effective June 1, including International Paper (+US$70/ton), Smurfit WestRock (+US$50/ton) and PCA (+US$50/ton)"."Georgia-Pacific and Pratt Industries followed suit this week, while Cascades also announced US$60/ton hikes for liner and US$70/ton for medium," Patel said.. "This second industry pricing initiative follows the US$50/ton net hike realized across the industry earlier this year, with benchmark linerboard prices reaching US$995/ton (+5% YTD)."According to Pulp & Paper Week (PPW), CIBC noted, producers have cited higher manufacturing costs, as well as surging oil, fuel and transportation expenses. PPW recently characterized NA box demand as "steady at best" over the past six months, said CIBC but added that conditions appear to have improved in March and April, with U.S. shipments rising 3.4% in March."That said, industry participants remain cautious, as the ongoing conflict in the Middle East could weigh on consumer confidence and spending, further dampening demand," added CIBC. "On the supply side, the backdrop remains more constructive, supported by significant U.S. containerboard industry capacity rationalization [~10% of capacity (~3.6MM tons) removed since February 2025]."Price: $10.59, Change: $-0.19, Percent Change: -1.76%

$CAS.TO

Wire53d ago

Market Chatter: Meta Platforms Sued by California County Over Alleged Scam Ad Profits

Meta Platforms (META) is being sued by Santa Clara County, California, over allegations that it "knowingly facilitates and profits from billions of scam advertisements" on Facebook and Instagram, Bloomberg reported Monday.The complaint says Meta enables scam ads that target seniors and families and allegedly tracks such advertisements, and generates about $7 billion annually from these ads, the report said, citing Santa Clara County counsel Tony LoPresti, who filed the lawsuit.Meta did not immediately reply 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: $602.92, Change: $-6.71, Percent Change: -1.10%

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Wire53d ago

CIBC Lowers Cascades' Price Target to C$13.00 From C$14.00 Following Q1 Results

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