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Natural Gas Edges Higher, But Remains Near an 18-Month Low on Light Spring Demand

Natural gas edged higher early Thursday ahead of fresh storage data, but remains near 18-month lows on light spring demand.Gas for May delivery was last seen up $0.01 to US$2,62 per million British thermal units after touching the lowest since August, 2024, earlier this week.Long-term forecasts from the National Weather Service see most states with seasonal or warmer temperatures over its six to 10 day outlook, limiting cooling and heating demand, while supply remains robust. "US natural gas production hit a new two-week low this week, falling to 102.6 Bcf/d and down 5 Bcf/d from Friday. Despite this pullback, production is still up 4.4% y/y, reflecting a loose balance, which itself led prices to their current, weaker, levels," Christopher Louney, a natural gas and gold strategist at RBC Capital Markets, wrote.The Energy Information Administration will release its weekly look at inventories of the fuel later on Wednesday morning. Celsius Energy is expecting the agency to report stocks rose by 55-billion cubic feet last week, the second-largest rise for the week over the past five years.

$NGK6$UNG

Wire60d ago

American Express to Acquire Hypercard

American Express (AXP) said Thursday that it has agreed to acquire expense management company Hypercard.Financial terms of the acquisition were not disclosed.The company said Hypercard develops artificial intelligence agents that auto-categorize and file expenses, cross check them against budget and policy, and send reminders for when submissions are due.The deal is expected to be completed in Q2.Price: $329.69, Change: $+0.60, Percent Change: +0.18%

$AXP

Mining & Metals60d ago

LEEF Brands Climbs On HIMALAYA

Cannabis company LEEF Brands (LEEF.CN) on Thursday said it entered into an agreement to acquire Standard Holdings, Inc., the parent company of HIMALAYA VAPOR, a California-based cannabis concentrates brand."The acquisition strengthens LEEF's vertical integration strategy by pairing one of California's most efficient cultivation and extraction platforms with a top-tier consumer brand," said the company.LEEF said it will acquire HIMALAYA for around 13.688 million common shares of the company, which includes management incentive shares, and will issue warrants with an aggregate value of US$100,000 priced at C$0.25 per share, representing total consideration of approximately US$2.5 million.It added that, by integrating HIMALAYA into its platform, LEEF expects to immediately improve unit economics by lowering input costs and generate "meaningful" free cash flow from HIMALAYA during its first year of combined operations.Micah Anderson, Chief Executive Officer of LEEF Brands, said: "This is exactly the type of acquisition we are focused on: a premium, authentic brand with strong customer loyalty that we can scale more efficiently through our vertically integrated infrastructure. Having worked with the HIMALAYA team for over five years, we have strong conviction in both the brand and its leadership, which further reinforces our confidence in this partnership. By leveraging low-cost inputs from Salisbury Canyon Ranch, we believe we can significantly improve margins while expanding distribution across California and into new markets over time."Price: $0.22, Change: $+0.01, Percent Change: +4.88%

$HMMJ.TO$LEEF.CN

Wire60d ago

Teradyne Acquires TestInsight to Accelerate AI and Data Center Test Development

Teradyne (TER) said Thursday it has acquired TestInsight in a move aimed at accelerating time to market for AI and data center devices.The acquisition enhances Teradyne's design-to-test software capabilities by incorporating TestInsight's pattern conversion, validation, and virtual test tools into its automated test equipment ecosystem.The companies said the combined platform will streamline semiconductor test development by reducing debug cycles, improving test coverage, and enabling earlier test program readiness for complex AI chips.Shares of Teradyne were down 0.9% in Thursday trading.Price: $363.05, Change: $-1.91, Percent Change: -0.52%

$TER

Wire60d ago

BofA Securities Lifts Price Target on Hims & Hers Health to $25 From $21, Maintains Neutral Rating

Hims & Hers Health (HIMS) has an average rating of overweight and mean price target of $25.65, 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: $25.49, Change: $+1.09, Percent Change: +4.47%

$HIMS

Wire60d ago

BofA Securities Raises Price Target on Ralph Lauren to $450 From $400, Maintains Buy Rating

Ralph Lauren (RL) has an average rating of overweight and mean price target of $426.29, 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: $373.69, Change: $+4.55, Percent Change: +1.23%

$RL

Wire60d ago

Alaska Air Launches Partnership With Maintenance Planning Platform Tailsight

Alaska Air (ALK) said Thursday it is making an investment and launching a multiyear partnership with Tailsight, an AI-backed maintenance planning platform.Financial details were not provided.Tailsight's platform was designed to improve the maintenance planning process, focusing on downstream operational key performance indicators like labor and parts utilization to cut aircraft-on-ground time, Alaska Air said.Price: $42.69, Change: $+0.16, Percent Change: +0.38%

$ALK

Wire60d ago

GameSquare Subsidiary Forms Partnership With Corsair Gaming to Develop Professional Esports Hardware

GameSquare (GAME) said Thursday that its subsidiary FaZe Esports has formed a partnership with Corsair Gaming (CRSR) to develop a dedicated professional-grade esports hardware.Under the three-year, seven-figure deal, Corsair Gaming also becomes the exclusive mouse, keyboard, headset, and mousepad partner of FaZe Esports and will get jersey sleeve placement and category exclusivity across team integrations, GameSquare said.Additionally, the companies will further collaborate on co-developed content, digital campaigns live event activations, as well as esports product development and customization initiatives, GameSquare said.Shares of GameSquare were down 6.4, while Corsair Gaming was up 0.3% in early Thursday trading.Price: $0.38, Change: $-0.03, Percent Change: -6.44%

$CRSR$GAME

Wire60d ago

Plumas Bancorp Keeps Quarterly Dividend at $0.33 a Share, Payable May 15 to Holders of Record as of May 1

$PLBC

Sectors60d ago

Gold Moved Higher Early Thursday, But Remained Rangebound on Inflation Worries

Gold traded higher early Thursday but remained rangebound below US$5,000 as high oil and gas prices threaten to boost inflation and interest rates.Gold for May delivery was last seen up $15.60 to US$4,839.20 per ounce.The precious metal has stuck well under its Jan. 29 record high of US$5,354.80 as the U.S-Israel war on Iran keeps the Strait of Hormuz closed, blocking the 20% of daily oil and LNG demand from Persian Gulf nations off the market, sending prices higher and promising to reignite inflation.Further threats from U.S. President Trump to fire Federal Reserve Chair Jerome Powell if he stays in position after his term ends on May 15 are also again unsettling the market. Powell intends to stay in the position until his replacement, Kevin Warsh, is confirmed by the Senate. Trump said if Powell remains in the post past his term, he will try to fire him."The vibes are in force in many markets, gold included. With an unresolved war and tenuous ceasefire, there are still ample inflation pressures to be concerned about. Additionally, with President Trump again commenting on firing Powell, we think that the general sense of uncertainty is in the early innings of a gold-positive reappearance," Christopher Louney, a gold and natural gas strategist at RBC Capital Markets, wrote.The edged higher early, with the ICE dollar index last seen up 0.12 points to 98.18. Treasury yields edged down, with the U.S. two-year note last seen paying 3.765%, down 0.5 basis points, while the yield on the 10-year note was down 1.1 points to 4.277%.

$GCK6$GLD

Wire60d ago

Capital One Securities Adjusts ServiceNow Price Target to $113 From $158, Maintains Overweight Rating

ServiceNow (NOW) has an average rating of Buy and mean price target of $165.84, 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: $98.75, Change: $+4.56, Percent Change: +4.84%

$NOW

Wire60d ago

Capital One Adjusts Price Target on Datadog to $135 From $157, Maintains Overweight Rating

Datadog Inc (DDOG) has an average rating of buy and mean price target of $178.93, 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: $126.05, Change: $+4.99, Percent Change: +4.12%

$DDOG

International60d ago

US March Industrial Production Declines Unexpectedly, February Revised Higher

US industrial production fell by 0.5% in March, compared with expectations for a 0.1% increase in a survey compiled by Bloomberg as of 7:35 am ET, and following an upwardly revised 0.7% increase in February.Manufacturing production decreased by 0.1% after a 0.4% gain in the previous month, with a 3.7% decrease in motor vehicles and parts. Excluding the drop in motor vehicle production, manufacturing production would have been up 0.1% and overall industrial production would have been down 0.3%.Mining production decreased by 1.2% after a 2.1% gain in February.Utilities production declined by 2.3% after a 1.8% rebound in February with declines in the output of both natural gas and electric utilities.Capacity utilization dropped to 75.7% in March from a 76.1% rate in February, compared with expectations for an increase to a rate of 76.3%.The monthly industrial production report from the Federal Reserve measures production growth by manufacturers, utility producers and mining operations. The manufacturing data is broken down between products for use in the longer-term (durable) and shorter-term (non-durable), with vehicle production a key component. Also included is capacity utilization, which shows how much spare capacity producers have available.A stronger-than-expected reading on industrial production is usually bullish for the stock market but may be bearish for the manufacturing, mining or utilities sectors depending on how that portion of the data performed in each month.Overall, bonds prefer slower industrial production growth as a signal of more modest inflation but in times of tight supply, such as during the pandemic, it is possible to have both sluggish output and rising inflation.

Mining & Metals60d ago

TSX Up Another Near 160 Pts; Now Within About 250 Pts Of All Time Closing High Level After 10 Up Days In Last 11

S&P/TSX CompositeS&P/TSX Composite

Wire60d ago

Correction: --GUIDANCE: (ABT) Abbott Laboratories Expects 2026 Adjusted EPS Range $5.38 to $5.58, vs. FactSet Est of $5.60

$ABT

Mining & Metals60d ago

Cygnus Provides High-Grade Drill Results from Golden Eye Deposit in Quebec

Cygnus Metals (CYG.V) reported overnight Wednesday high-grade drill results from the Golden Eye deposit within its Chibougamau copper-gold project in Quebec.It said the latest results from infill drilling include "significant" high-grade intersections of up to 105.5g/t AuEq over 1.0m. It added these high-grade gold intercepts are complemented by impressive copper grades of up to 11.9% over 0.8m, plus silver grades of up to 142g/t over 0.8m.Cygnus said the results highlight the strong potential to grow the indicated resource as well as the scope for further extensions."These results are some of the best intervals recorded at the Golden Eye deposit which is unmined, near surface and has existing infrastructure in place," Cygnus Executive Chairman David Southam said.The company said it will include the results for the next resource update at Golden Eye.Cygnus said exploration continues across multiple targets, including a detailed induced polarization survey at the Joe Mann property, as it seeks to generate walk up drill targets.

$CYG.V

Sectors60d ago

Sector Update: Energy Stocks Rise Premarket Thursday

Energy stocks were rising premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.5%.The United States Oil Fund (USO) was up 1.3% and the United States Natural Gas Fund (UNG) was 0.4% higher.Front-month US West Texas Intermediate crude oil was 1.4% higher at $92.50 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.9% to $96.69 per barrel, and natural gas futures were up 0.3% at $2.62 per 1 million British Thermal Units.TotalEnergies (TTE) shares were up more than 3% after the company said Q1 exploration and production results are expected to rise significantly, supported by higher oil prices and contributions from new projects.Equinor (EQNR) stock was up more than 1% after the company said it expects stronger Q1 results in its marketing, midstream, and processing division.Enbridge's (ENB) Enbridge Energy has received US presidential permits to operate and maintain the existing pipeline facilities at the US-Canada border in St. Clair County, Michigan, and Pembina County, North Dakota, the White House said. Enbridge shares were 0.4% higher premarket.

$ENB$EQNR$TTE$UNG$USO$XLE

Mining & Metals60d ago

Earnings Flash (DB.V) Decibel Cannabis Reports Q4 Revenue $28.7M, Up 13% YoY

$DB.V

Sectors60d ago

Sector Update: Financial Stocks Advance Premarket Thursday

Financial stocks were advancing premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.1%.Charles Schwab (SCHW) shares were down more than 3% after the company reported higher Q1 adjusted earnings and net revenue, with net revenue missing analysts' expectations.U.S. Bancorp (USB) stock was down more than 1% even after the company posted higher Q1 earnings and revenue.Travelers (TRV) reported higher Q1 core income and revenue. Travelers shares were down more than 1% pre-bell.

$FAS$FAZ$SCHW$TRV$USB$XLF

Mining & Metals60d ago

Earnings Flash (SUGR.V) Sucro Limited Reports Q4 Revenue US$149.4M, Down 6.7% YoY; Net Income $11.552M

$SUGR.V

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