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Carrier Global to Sell its Noresco Business to Opterra Energy Services

Carrier Global (CARR) said Monday that it has agreed to sell its Noresco business to Opterra Energy Services, a unit of LS Power.Financial terms of the deal were not disclosed.The deal is slated to close "shortly," Carrier said.Price: $69.66, Change: $+0.76, Percent Change: +1.10%

$CARR

Wire8d ago

Taoping Subsidiary Secures $5.2 Million in Smart Elevator Project Orders

Taoping (TAOP) subsidiary Skyladder (Tianjin) Technology Development has secured roughly $5.2 million in new smart elevator project orders, the company said Monday.The projects cover a broad range of high-demand use cases, including urban renewal, affordable housing and commercial housing, according to a statement.Price: $0.88, Change: $+0.06, Percent Change: +7.75%

$TAOP

Mining & Metals8d ago

Phenom Resources Begins Drilling at the Dobbin Gold Project in Nevada

Phenom Resources (PHNM.V) on Monday said it began drilling at the Dobbin gold project in Nevada.Drilling will test a gold soil anomaly and other gold-prospective areas, according to Phenom."The soil anomaly is very impressive and, in my experience, is very reminiscent to the strength and size that of the historic soil anomaly over the original Carlin deposit in the Carlin trend," said Dave Mathewson, Phenom's director and geological advisor.The company's permit allows it to drill up to 26 holes on the property, along with 12 mechanical trenches totaling 5,291 feet.The company's shares last traded Friday, closing at C$0.36 on the TSX Venture Exchange.

$PHNM.V

Wire8d ago

Citic Securities Adjusts Price Target on Alphabet to $434 From $430, Maintains Buy Rating

Alphabet (GOOGL) has an average rating of buy and mean price target of $429.64, 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://finwires.com/en/contact)Price: $328.26, Change: $+8.51, Percent Change: +2.66%

$GOOG$GOOGL

Mining & Metals8d ago

Talon Metals' President Mike Kicis to Step Down

Talon Metals' (TLO.TO) president Mike Kicis will step down on Aug. 1, although he will remain as a consultant for up to three months, the company said on Monday."Over the past 15 years, he has been instrumental in driving step-change transformation, including, among others, the earn-in to the Tamarack Project and, most recently, the acquisition of Eagle Mine and Humboldt Mill," said Chief Executive Officer Darby Stacey.Stacey will oversee the transition and Kicis' responsibilities will be given to the company's leadership team and external resources, added Talon.Talon's stock was up 2.4% to trade at C$5.56 recently in Toronto.Price: $5.57, Change: $+0.14, Percent Change: +2.58%

$TLO.TO

Oil & Energy8d ago

EMEA Natural Gas Update: Futures Slide Amid Reports of Progress in US-Iran Talks

European natural gas futures retreated sharply on Monday, pulling back from a four-month high, amid reports of progress being made on the diplomatic front between the US and Iran.The front-month Dutch TTF contract was down 7.20% at 58.995 euros ($67.15) per megawatt-hour, while the front-month UK NBP contract dropped 7.28% to 142.890 British pence ($1.90) per therm.US forces refrained from launching fresh strikes against Iran over the weekend, with Tehran likewise suspending retaliatory attacks on US bases across the region after nearly two weeks of steady escalation in the conflict, according to a report by Al Jazeera.Tehran and Washington were also reportedly exchanging messages via intermediaries, restoring hopes for a potential diplomatic resolution to the hostilities.Mediators have also achieved success in getting the two sides back to negotiations, thus averting an all-out war in region, according to a report by Associated Press, citing two regional officials familiar with the matter.Meanwhile, traffic along the strategically crucial Strait of Hormuz, which accounted for one-fifth of global LNG flows, dipped to just 9 transits on Sunday, according to data from ShipFinder.However, Daniel Hynes, a senior commodity strategist at ANZ, noted that Europe still has to "compete hard for available cargoes," due to the ongoing restrictions on LNG flows from Qatar. He also said that the situation was made worse by strong demand in Asia, amid the higher-than-average temperatures in the region.European gas inventories were below historic averages, at 55.35%, compared to 66.47% during the corresponding period a year ago, according to Gas Infrastructure Europe.Inventories were also significantly below the five-year average for this period, at 71.2%, according to the Swiss Federal Office of Energy.The unprecedented heatwave across Europe is set to give way to severe hail and thunderstorms this week, primarily over the Mediterranean region, according to a report by Severe Weather EU, which is set to provide relief from the space cooling demand and gas-fired power burn.

Asia8d ago

Update: Market Chatter: HSBC in Advanced Talks to Sell Australia Loan Portfolio to Blackstone

(Updates last paragraph to add that responses from Blackstone and HSBC)HSBC Holdings (HKG:0005) is in advanced talks to sell its Australian loan portfolio to Blackstone as part of Chief Executive Georges Elhedery's efforts to streamline operations, Bloomberg News reported Monday, citing people familiar with the matter.Blackstone emerged as the leading bidder after outbidding rival firms, the report said, adding that discussions are ongoing and no final agreement has been reached.HSBC and Blackstone declined to comment when reached 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.)

HKG:0005

Oil & Energy8d ago

Kuwait Oil Signs $16 Billion Oil Pipeline Deal With Investor Consortium

Kuwait Petroleum subsidiary Kuwait Oil has finalized a $16 billion deal to lease and lease back its crude oil pipeline network with a group of investors led by Blackstone (BX), Brookfield Asset Management (BAM), and KKR (KKR), it said on Saturday.The agreement involves the formation of a joint venture, in which Blackstone, Brookfield, and KKR will collectively hold a 49% stake, and Kuwait Oil will hold 51%.The JV will lease 13 pipelines, totaling about 320 kilometers in length. After 20.5 years, Kuwait Oil will again operate and maintain the pipeline assets in exchange for a volume-based tariff, according to the statement."The JV will not impose any restrictions on Kuwait's refining throughput or production volumes, all of which remain subject to decisions made by the State of Kuwait," the company said.Kuwait Oil is expected to receive $7.85 billion in upfront proceeds upon closing of the JV.Price: $133.45, Change: $+3.48, Percent Change: +2.68%

$BAM$BX$KKR

Wire8d ago

Bernstein Adjusts HCA Healthcare Price Target to $426 From $413, Maintains Market Perform Rating

HCA Healthcare Inc (HCA) has an average rating of overweight and mean price target of $465.35, 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://finwires.com/en/contact)Price: $390.71, Change: $+8.40, Percent Change: +2.20%

$HCA

Wire8d ago

Truist Securities Adjusts Price Target on EastGroup Properties to $230 From $215, Maintains Buy Rating

EastGroup Properties (EGP) has an average rating of overweight and mean price target of $226.26, 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://finwires.com/en/contact)Price: $212.56, Change: $-0.73, Percent Change: -0.34%

$EGP

Oil & Energy8d ago

US Oil Update: Crude Slumps from Recent Highs as US-Iran Hostilities Pause

Crude oil futures fell sharply on Monday as US-Iran hostilities looked to have paused and amid Oman-mediated transit security talks, undoing some of oil's recent hefty gains that last week took Brent close to $100 a barrel.Front-month West Texas Intermediate crude futures tumbled almost 5.9% to $84.11 per barrel, while Brent futures declined 6.1% to $90.85/bbl. Both the contracts were trading near monthly highs last week as conflict intensified.The pullback followed nearly two weeks of intense clashes, after which the US paused strikes and Tehran engaged in constructive talks with Oman regarding transit security in the Strait of Hormuz."The US suspended strikes against Iran for a second night, easing supply-disruption fears after almost two weeks of conflict. The unannounced pause began late Friday, with Tehran saying it had halted retaliatory operations and held talks with Oman over the Strait of Hormuz," Saxo Bank analysts said.The market pullback also comes on the heels of widening pricing distortions.Compounding regional strains, Yemen-backed Houthi forces targeted Saudi energy facilities in Jazan and Yanbu with drone attacks over the weekend.Outside the Middle East, supply disruptions multiplied as oil loading at Russia's Sheskharis terminal in Novorossiysk remained halted due to Ukrainian drone strikes.ANZ analysts warned that while finite buffers such as China's reduced crude imports, emergency stock releases, and Saudi Arabia's East-West Pipeline have cushioned the blow, these defenses are finite, leaving the market vulnerable to further upside price risks if disruption persists.

Mining & Metals8d ago

Leef Brands Raises $14.5 Million to Buy Cannabis Facility, Offers Preferred Shares

Leef Brands (LEEF.CN) has raised $14.5 million in financing that will be used to purchase a cannabis processing and storage facility, the company said Monday.The facility will dry, cure, freeze, and store biomass harvested at Salisbury Canyon Ranch in California before it's transported to Leef Labs in Mendocino County for extraction, the company said. Leef also announced a preferred share offering to raise $5.2 million."This financing represents another important milestone for Leef as we continue investing in the infrastructure needed to support our long-term growth strategy," said Micah Anderson, chief executive officer.

$LEEF.CN

Wire8d ago

Truist Securities Adjusts First Industrial Realty Trust Price Target to $73 From $67, Maintains Buy Rating

First Industrial Realty Trust (FR) has an average rating of overweight and mean price target of $70.19, 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://finwires.com/en/contact)Price: $67.00, Change: $+0.02, Percent Change: +0.02%

$FR

Wire8d ago

Power Integrations Insider Sold Shares Worth $935,634, According to a Recent SEC Filing

Jennifer A Lloyd, Director, President and Chief Executive Officer, on July 22, 2026, sold 12,690 shares in Power Integrations (POWI) for $935,634. Following the Form 4 filing with the SEC, Lloyd has control over a total of 136,655 common shares of the company, with 136,655 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/833640/000083364026000127/xslF345X05/edgardoc.xmlPrice: $63.74, Change: $+0.28, Percent Change: +0.44%

$POWI

Sectors8d ago

Sector Update: Energy Stocks Decline Pre-Bell Monday

Energy stocks were declining pre-bell Monday, with the State Street Energy Select Sector SPDR ETF (XLE) falling 2.5%.The United States Oil Fund (USO) was down 6% and the United States Natural Gas Fund (UNG) was 3.3% lower.Front-month US West Texas Intermediate crude oil was 5.7% lower at $84.25 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 6.1% to $90.90 per barrel, and natural gas futures were down 3% at $2.79 per 1 million British Thermal Units.TotalEnergies (TTE) has decided to appeal a June 25 ruling by the Paris Judicial Court in a climate-related duty-of-vigilance case, the company said. Shares of TotalEnergies were down more than 3% premarket.Baker Hughes (BKR) shares were up more than 3% after the company posted Q2 adjusted earnings and revenue that topped analysts' expectations.Expand Energy (EXE) stock was down more than 1% after the company said it has agreed to acquire Twin Eagle, a private asset-backed natural gas marketing and optimization business, for $1.25 billion in cash from Five Point Infrastructure.

$BKR$EXE$TTE$UNG$USO$XLE

Treasury8d ago

Canada-US Divergence Creates Opportunity in Short-Term Canada Bonds, Rosenberg Research Says

The gap between economic data in Canada and the US is creating a buying opportunity for investors in the northern country's short-term government bonds, Rosenberg Research said in a note Monday."While both Canada and the US are headed in the same macroeconomic direction (disinflation and soft economic growth), Canada is much further along the path," David Rosenberg said in the note. "History tells us what this means: it is a signal for a wider negative Canada-US two-year bond spread and for a rally in Canadian bonds outright."Core consumer price inflation is running annually at 1.7% in Canada versus 2.6% in the US, while real gross domestic product trends stand at a 0.1% contraction and 2.7% growth, respectively, according to Rosenberg. Weaker Canadian growth has pushed the output gap to roughly a negative 1.3% of GDP, reinforcing a faster disinflationary path compared with the US.Historical patterns show the Canadian two-year could push to about 2.3% over the next six months, Rosenberg reported. The note traded down about 3 basis points to 2.876% on Monday. The Canada-US two-year spread could widen from roughly -140 points to -160 points, according to Rosenberg.New US tariffs could shave around 0.3 percentage point off Canadian growth, bringing the 2026 growth outlook down to roughly 1.1%, Rosenberg said.Markets continue to price in Bank of Canada policy rate tightening, including a strong likelihood of an increase by the end of 2026, but that outlook appears inconsistent with the underlying economic data, according to Rosenberg.

$CXY

Wire8d ago

AiRWA to Acquire Hongkong Best Life Trade for $50 Million; Shares Drop Pre-Bell

AiRWA (YYAI) said Monday it agreed to buy Hongkong Best Life Trade for a base price of $50 million plus potential performance payouts.The company will pay $30 million at closing and $20 million within 90 days to purchase a 97% stake in Hong Kong Best Life Trade, the company said.The agreement includes an extra $30 million payment if the acquired company reaches $10 million in fiscal 2026 revenue, as well as a $50 million payout if it hits $25 million in fiscal 2027, AiRWA said.Shares of the company were down more than 9% in Monday premarket activity.Price: $10.20, Change: $-1.12, Percent Change: -9.93%

$YYAI

Sectors8d ago

Sector Update: Financial Stocks Advance Premarket Monday

Financial stocks were advancing premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.8% higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.2% lower.Northern Trust (NTRS) has been selected to provide fund administration and related services to alternative asset manager Dawson Partners, the company said. Shares of Northern Trust were up more than 2% pre-bell.Bank of Hawaii (BOH) stock was up 3% after the company posted higher Q2 earnings and revenue.HSBC Holdings (HSBC) plans to launch an artificial intelligence facility in Singapore in H2 to develop AI capabilities that can be used across its global operations, the company said. Shares of HSBC Holdings were 0.6% higher pre-bell.

$BOH$FAS$FAZ$HSBC$NTRS$XLF

Sectors8d ago

Sector Update: Healthcare Stocks Edge Higher Premarket Monday

Healthcare stocks were edging higher premarket Monday, with the State Street Health Care Select Sector SPDR ETF (XLV) up 0.4% and the iShares Biotechnology ETF (IBB) advancing by 0.5%.AstraZeneca (AZN) stock was up 0.8% after the company posted higher Q2 core earnings and revenue, and raised its interim dividend.Ensign Group (ENSG) shares were up nearly 11% after the company reported higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.Argenx (ARGX) has agreed to buy Forte Biosciences (FBRX) for $77 per share in cash. Shares of Forte Biosciences were up more than 39% pre-bell.

$ARGX$AZN$ENSG$FBRX$IBB$XLV

Commodities8d ago

Tata Power Expands Renewables Portfolio to 12 GW, Advances Solar, Storage Projects in Q1

Tata Power, one of India's largest electric utilities, highlighted Monday a significant expansion in its portfolio during Q1 to 12 gigawatts, including 5.3 GW that are currently under construction, compared to 10.9 GW during the same period a year ago.Besides this, the company also installed 371-megawatt-peak of rooftop solar during the quarter.Tata Power also advanced several long-term growth initiatives during the quarter. The company signed a memorandum of understanding to develop a 10-GW photovoltaic ingot and wafer manufacturing facility as it expands its domestic solar manufacturing footprint.Besides this, it secured a 40-year contract from the Solar Energy Corporation of India to supply 324 MW of its planned 1-GW Bhivpuri pumped hydro storage project. It also highlighted its growing EV charging network, which now includes more than 240,000 home chargers and over 5,900 public, semi-public and fleet charging points.In the legacy business, the company said that its 4,150-MW Mundra thermal power plant resumed full operations on April 1 under the Indian government's Section 11 directive, which has been extended through Sept. 30, as authorities seek to meet peak electricity demand.

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Oil & Energy8d ago