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Market Chatter: EDP Parks US Wind Investments Despite Rising Power Demand, CEO Says

EDP has halted three US wind projects worth billions, citing policy risks, while still targeting up to $5.2 billion Ebitda by 2028, Bloomberg reported Thursday, citing EDP's CEO.Chief Executive Officer Miguel Stilwell d'Andrade said EDP has scaled back activity on three wind projects across Massachusetts, New York, and California, reducing staffing and delaying spending due to unclear US policy direction.Stilwell d'Andrade shared in an interview at the company's headquarters that the projects are effectively paused, noting they are in "hibernation mode" as the company avoids committing capital until conditions improve, the report said.Stilwell d'Andrade said the firm was fortunate not to have begun construction, unlike peers, allowing it to sidestep potential financial exposure.The projects are managed through Ocean Winds, a joint venture with Engie, and the CEO dismissed speculation about exiting the partnership, the report added.Policy changes under US President Donald Trump have stalled renewable energy momentum, including halting approvals for windmills and tightening financing conditions tied to new legislation, the report said.The administration has also hinted at revisiting prior approvals, while recent moves allowed firms like TotalEnergies to exit offshore leases, redirecting roughly $1 billion toward fossil fuel investments, the report added.Despite setbacks, EDP continues engaging with US authorities and maintains a strong footprint, with about $17 billion invested and more than 12 gigawatts of installed renewable capacity nationwide, the report said.The company sees robust electricity demand driven by data centers in both the US and Portugal, while reaffirming financial goals supported by $12 billion in planned investments through 2026, the report added.has reached out to EDP for any comments.(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.)

Sectors62d ago

US Natural Gas Stocks Rise by 59 Bln Cubic Feet in Week Ended April 10, As Expected; Prior Gain of 50 Bln

Treasury62d ago

Update: Canada's Home Sales Market "Clearly Continues to Struggle" Given March's "Soft" Performance, says TD

"Clearly, the market continues to struggle amid several headwinds, including soft job markets, economic uncertainty, falling population growth, and strained affordability," TD Economics said Tuesday after a "soft" performance in Canadian home sales for March, that following a string of four straight monthly declines.TD added: "With these challenges in place, 2026 is shaping up to be another modest year for Canadian housing. Loose supply/demand balances should keep downwardly pressuring prices in B.C. and Ontario. Elsewhere, price growth should be firmer, but likely cool as the year progresses."TD noted Canadian existing home sales were "essentially flat" in easing 0.1% month over month in March. Sales were unchanged in British Columbia, Quebec and Manitoba, declined in Alberta (down 5% month over month) while they increased in Ontario (+1.9% month over month). Elsewhere, sales rose "solidly" in Saskatchewan (+10% month over month), and fell across most of the Atlantic.New listings were also flat during the month. With new listings and sales both barely moving, the sales-to-new listings ratio stayed at 47.8% in March. "This is well below the long-term average and signals modest price growth moving forward", noted the bank.Average home prices were also flat in March, while the MLS home price index, a more 'like for like' measure, declined 0.4% m/m, and was down 4.7% on a year-on-year basis. Prices for detached units were down 0.3% m/m, while condo prices fell 0.9% m/m.

$CXY

Treasury62d ago

Canada's Home Sales Market "Clearly Continues to Struggle" Given March's "Soft" Performance, says TD

"Clearly, the market continues to struggle amid several headwinds, including soft job markets, economic uncertainty, falling population growth, and strained affordability," TD Economics said Tuesday after a "soft" performance in Canadian home sales for March, that following a string of four straight monthly declines.With these challenges in place, 2026 is shaping up to be another modest year for Canadian housing. Loose supply/demand balances should keep downwardly pressuring prices in B.C. and Ontario. Elsewhere, price growth should be firmer, but likely cool as the year progresses.TD noted Canadian existing home sales were "essentially flat" in easing 0.1% month over month in March. Sales were unchanged in British Columbia, Quebec and Manitoba, declined in Alberta (down 5% month over month) while they increased in Ontario (+1.9% month over month). Elsewhere, sales rose "solidly" in Saskatchewan (+10% month over month), and fell across most of the Atlantic.New listings were also flat during the month. With new listings and sales both barely moving, the sales-to-new listings ratio stayed at 47.8% in March. "This is well below the long-term average and signals modest price growth moving forward", noted the bank.Average home prices were also flat in March, while the MLS home price index, a more 'like for like' measure, declined 0.4% m/m, and was down 4.7% on a year-on-year basis. Prices for detached units were down 0.3% m/m, while condo prices fell 0.9% m/m.

$CXY

Commodities62d ago

Update: CFTC Reportedly Probes Oil Futures Trades Timed Ahead of Iran-Related Policy Moves

(Updates with comments from ICE and CME in the fifth, sixth and seventh paragraphs.)The US Commodity Futures Trading Commission is investigating a series of oil futures trades executed shortly before major US policy developments tied to President Donald Trump's handling of the Iran conflict, news outlets reported on Wednesday.The inquiry is reportedly examining trading activity in crude oil futures on exchanges operated by CME Group (CME) and Intercontinental Exchange (ICE), focusing on at least two instances on Mar. 23 and Apr. 7.Investigators have requested exchange records, including so-called "Tag 50" identifiers that can reveal the entities behind the trades, the reports said.The scrutiny follows concerns raised by market participants and at least two Democratic senators that the unusually well-timed trades may have generated significant profits and could indicate the use of non-public information.ICE declined to comment in response to' request.CME Group's spokesperson Anita Liskey told, "Nothing is more important than market integrity. At CME Group, we vigorously surveil our markets and work closely with the CFTC to oversee trading activity.""Importantly, any review of market behavior must include all venues, including prediction markets like Polymarket and Kalshi that list related products with little to no visibility," she said in an emailed response.The CFTC and the White House did not immediately respond to requests for comment.On Mar. 23, oil and stock futures worth billions of dollars were traded 15 minutes before Trump said previously threatened strikes on Iranian energy infrastructure would be delayed.Last week, investors placed roughly $950 million in bullish oil positions hours before the US and Iran announced a ceasefire, the reports said.The White House is reported to have previously cautioned staff against using sensitive government information for personal trading in futures markets during the ongoing Iran conflict.Last month, the CFTC's enforcement director said the agency was monitoring potential market misconduct and manipulation in energy markets and was aware of recent speculation about insider trading in CFTC-regulated products.Price: $164.13, Change: $-0.94, Percent Change: -0.57%

$CME$ICE

Wire62d ago

Booz Allen Hamilton's Venture Capital Arm Invests in Maritime Robotics Firm Ulysses

Booz Allen Hamilton (BAH) said Thursday its venture capital arm Booz Allen Ventures has invested in Ulysses, a maritime robotics company developing autonomous surface and underwater vehicles.The investment expands its capabilities in unmanned undersea systems for defense and commercial missions, the company said.Financial terms were not disclosed.Price: $82.78, Change: $+0.48, Percent Change: +0.58%

$BAH

US Markets62d ago

Abbott Cuts 2026 Earnings Outlook Following First-Quarter Beat

Abbott Laboratories (ABT) lowered its full-year earnings outlook on Thursday to reflect the acquisition of cancer diagnostics company Exact Sciences, while the healthcare firm reported first-quarter results above market estimates.The company now anticipates adjusted earnings of $5.38 to $5.58 per share for 2026, including a $0.20 dilution related to the Exact Sciences purchase. The company previously expected adjusted EPS to come in between $5.55 and $5.80 for the year, while the current consensus on FactSet is for $5.60.Abbott acquired Exact Sciences in March."The acquisition of Exact Sciences adds another high-growth business to the Abbott portfolio, further strengthening our confidence in delivering accelerating growth as we move through the year," Abbott Chief Executive Robert Ford said in a statement.Comparable sales, which includes the prior and current year sales of Exact Sciences, are pegged to grow by 6.5% to 7.5% for 2026, according to the company.Abbott's shares fell 4.1% in Thursday trade, taking its year-to-date loss to 22%.For the three-month period ended March, the firm's adjusted EPS rose to $1.15 from $1.09 the year before, surpassing the Street's view for $1.14. Sales improved 7.8% to $11.16 billion, topping the average analyst estimate of nearly $11 billion. Comparable sales were up 3.7%.Diagnostics sales rose 6.1% year over year to $2.18 billion, while the nutrition segment dropped 6% to $2.02 billion amid lower sales volume and pricing actions in the previous quarter, according to the company. Revenue in the established pharmaceuticals division climbed 13% to $1.43 billion.Sales in the global medical devices business jumped 13% to $5.54 billion, led by gains of 17% each in rhythm management and electrophysiology, Abbott said. Within the segment, the company recorded double-digit growth in heart failure and diabetes care.For the second quarter, Abbott forecasts adjusted EPS of $1.25 to $1.31, while the Street is looking for $1.36.Price: $97.09, Change: $-4.43, Percent Change: -4.36%

$ABT

Wire62d ago

York Water Prices Offering of Common Shares

York Water (YORW) said Thursday it priced an underwritten public offering of about 1.5 million common shares at $28.50 per share, for estimated gross proceeds of about $43 million.Underwriters were granted a 30-day option to purchase up to 228,261 additional shares at the public offering price, the company said.York Water said it plans to use the net proceeds for its capital investment program, repayment of outstanding debt, as well as potential acquisitions.Shares of the company were down 5.3% in Thursday trading.Price: $29.22, Change: $-1.62, Percent Change: -5.25%

$YORW

Wire62d ago

Update: Abbott Laboratories Q1 Adjusted Earnings, Net Sales Rise; 2026 Adjusted EPS Guidance Lowered; Shares Fall

(Updates with latest stock price movement in the headline and first paragraph, and previous adjusted EPS guidance in the seventh paragraph.)Abbott Laboratories (ABT) shares were down about 4% in Thursday trading after the company reported Q1 results and lowered 2026 guidance.The company reported Q1 adjusted earnings earlier Thursday of $1.15 per diluted share, up from $1.09 a year earlier.Analysts polled by FactSet expected $1.14.Net sales for the quarter ended March 31 was $11.16 billion, up from $10.36 billion a year earlier.Analysts polled by FactSet expected $11.00 billion.For Q2, Abbott projects adjusted diluted earnings of $1.25 to $1.31 per share. Analysts expect $1.36.The company said it now expects full-year 2026 adjusted earnings of $5.38 to $5.58 per diluted share, compared with its prior guidance of $5.55 to $5.80. Analysts expect $5.60.The company expects full-year 2026 comparable sales growth of 6.5% to 7.5%.Price: $97.13, Change: $-4.44, Percent Change: -4.37%

$ABT

Wire62d ago

Datavault AI Says First GPU Sites in New York, Philadelphia Now Live

Datavault AI (DVLT) said Thursday the first sites of its quantum-ready high-performance computing, or HPC, graphics processing unit network are now live in New York and Philadelphia.The company said the full 48,000-GPU fleet is expected to be commercially available in Q3, with deployment across 1,000 urban micro-edge sites in more than 100 US cities by the end of 2026.Each site will support up to 48 GPUs configured for low-latency artificial intelligence inference and HPC workloads, as the company aims to address constrained GPU supply outside major cloud providers.Datavault said the equivalent market value of the total capacity is estimated at between $1.44 billion and $1.92 billion based on current Hopper- and Blackwell-class pricing, adding that the network is expected to be revenue-generating by the end of 2026.Shares of the company were up 5.5% in Thursday trading.Price: $0.74, Change: $+0.04, Percent Change: +5.54%

$DVLT

Mining & Metals62d ago

Nouveau Monde Graphite Announces Closing of US$96.5 Million Equity Public Offering

$NOU.TO

Wire62d ago

Quest Diagnostics Says City of Hope Evaluating Haystack MRD Test in Multiple Cancers

Quest Diagnostics (DGX) said Thursday that City of Hope is evaluating the Haystack MRD circulating tumor DNA test in a research program to help improve disease management for patients with solid tumor cancers.The company said 14 City of Hope sites across the US are participating in the study, which is expected to enroll around 500 patients with breast, colorectal, ovarian, and prostate cancers.The program will evaluate Haystack MRD in detecting minimal residual disease, monitoring treatment response, and identifying recurrence ahead of standard imaging under neoadjuvant, adjuvant, and post-treatment settings, Quest Diagnostics said.Shares of Quest Diagnostics were up 1% in Thursday trading.Price: $193.42, Change: $+2.00, Percent Change: +1.04%

$DGX

Wire62d ago

Ibotta Reports Partnership Extension with Denver Nuggets

Ibotta (IBTA) said Thursday it has extended its multi-year strategic partnership with the Denver Nuggets, including its sponsorship of the team's jersey patch.Shares of Ibotta were down about 0.8% in morning trading.Price: $35.12, Change: $-0.27, Percent Change: -0.75%

$IBTA

Mining & Metals62d ago

Vizsla Copper Down Near 3% Even As Secures Drill Permit for Copperview Project in British Columbia

Vizsla Copper (VCU.V) was down near 3% early Thursday even as it received an exploration permit for the Copperview project in British Columbia.Among highlights, Vizsla said the five-year multi-year area based permit allows the company to drill at multiple sites and conduct limited construction and modification of exploration access trails.Vizsla said planning is underway for a drill program later in the year, focusing on evaluating the porphyry-related copper potential of the previously undrilled M5 target, which the company has refined through systematic exploration programs over the last two years."We look forward to announcing more detailed drilling plans in due course, which we anticipate commencing this fall," Executive Chairman and Chief Executive Officer Craig Parry said.Price: $1.32, Change: $-0.04, Percent Change: -2.94%

$VCU.V

Wire62d ago

Kyndryl Selected to Upgrade North Carolina DMV Systems

Kyndryl (KD) said Thursday it was selected by the North Carolina Division of Motor Vehicles to upgrade its core systems as part of a modernization effort.The North Carolina Division of Motor Vehicles said in a separate statement that a $5 million Microsoft (MSFT) credit lowers the net cost of the $84.8 million contract to about $79.8 million, with payments tied to performance milestones and outcomes.The project involves replacing legacy systems with a new platform hosted on Microsoft Azure to support faster processing, expanded online services and improved system reliability across the state, Kyndryl said.Price: $13.78, Change: $-0.04, Percent Change: -0.29%

$KD

Research62d ago

Research Alert: Wipro: Fy 26 Net Profit In Line, Earnings Supported By Margins

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:WIPRO's FY 26 net profit rose 1% Y/Y to INR132B, supported by IT services operating margin expansion to 17.2% (+0.2%-pts) despite revenue declining 2% in constant currency. Q4 FY 26 showed sequential improvement with net profit up 12% Q/Q to INR35B and revenue increasing 3% Q/Q to INR242B, reflecting improved execution. Large deal bookings surged 45% Y/Y to USD7.8B, led by AI-led transformation deals, though revenue conversion remains delayed due to longer implementation cycles. Management guided Q1 FY 27 IT services revenue to -2% to 0% Q/Q in constant currency, indicating continued soft demand. We believe the divergence between strong bookings growth and revenue performance reflects delayed conversion rather than pipeline weakness, suggesting improving revenue visibility. In our view, sustained earnings improvement will depend on faster conversion of large deals and recovery in discretionary spending, while AI adoption may support margins but could reduce revenue intensity.

$WIT

Wire62d ago

Gray Media's New Streaming Platform Deployed by QuickPlay

Gray Media's (GTN) new streaming platform has been deployed by Quickplay across Gray's 113 legacy television markets, Quickplay said Thursday.The new platform consolidates Gray's digital footprint of websites, mobile apps, and smart TV applications onto a single data-driven architecture, according to a statement.Price: $5.68, Change: $-0.02, Percent Change: -0.26%

$GTN

Wire62d ago

Update: Insteel Industries Fiscal Q2 Earnings Decrease, Sales Rise; Shares Fall

(Updates with stock move in the headline and first paragraph.)Insteel Industries (IIIN) shares were down past 15% in Thursday morning trading after the company's fiscal Q2 net earnings decreased and its net sales missed analysts' estimates.The company reported fiscal Q2 net earnings Thursday of $0.27 per diluted share, down from $0.52 a year earlier.Net sales for the quarter ended March 28 were $172.7 million, up from $160.7 million a year earlier. Two analysts polled by FactSet expected $178.2 million.Price: $31.44, Change: $-5.16, Percent Change: -14.10%

$IIIN

Wire62d ago

Emerson, OPSWAT Collaborate on Cybersecurity Solutions

Emerson Electric (EMR) and cybersecurity firm OPSWAT entered a global strategic reseller agreement to provide cybersecurity solutions to Emerson's power and water industry customers, the companies said Thursday.Financial terms were not disclosed.Under the agreement, Emerson will integrate OPSWAT's operational technology-focused patch management capabilities into its Ovation Automation Platform, aiming to enhance protection and resilience of critical infrastructure systems.Price: $140.54, Change: $+0.14, Percent Change: +0.10%

$EMR

Wire62d ago

Beyond Meat, Big Geyser Enter Partnership for Functional Beverage Line Distribution

Beyond Meat (BYND) said Thursday it signed a distribution agreement with Big Geyser to introduce its new functional beverage line to the retail market.The partnership will expand the plant-based drinks beyond direct-to-consumer sales and into more than 26,000 physical retail locations, the company said.The non-dairy beverage will launch in three fruit flavors, with each 100-calorie serving containing 20 grams of protein and seven grams of fiber alongside added electrolytes, Beyond Meat said.The company plans to publicly present the new product lineup to buyers during a commercial trade event in Uniondale, New York Thursday, it said.Shares of the company were up over 3% in Thursday trading.Price: $0.79, Change: $+0.04, Percent Change: +4.93%

$BYND

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Commodities62d ago

Update: CFTC Reportedly Probes Oil Futures Trades Timed Ahead of Iran-Related Policy Moves

$CME$ICE