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RedCloud Signs Up to $30 Million Saudi Arabia Licensing Deal

RedCloud (RCT) said Monday it has signed a five-year licensing agreement worth up to $30 million to deploy its real-time artificial intelligence for distribution engine in Saudi Arabia.The contract is structured at $6 million annually based on platform revenue within the country, the company said.Shares were up roughly 75% in afternoon trading.Price: $1.00, Change: $+0.43, Percent Change: +74.91%

$RCT

Wire100d ago

Avnet Shares Rise After Upgrade From Truist

Avnet (AVT) shares were up more than 7% in Monday trading after Truist upgraded the company's stock to buy from hold and raised its price target to $80 from $65.Trading volume stood at over 1 million shares against a daily average of roughly 1.1 million.Price: $72.24, Change: $+5.21, Percent Change: +7.77%

$AVT

Oil & Energy100d ago

Trump Says Oil Flows Via Strait of Hormuz Could Improve

US President Donald Trump said Monday that oil flows via the Strait of Hormuz could improve, while also signaling a tougher stance on Cuba and possible action after the current conflict.Trump made the remarks while addressing a press briefing at the White House.Answering a question about the US naval blockade of the Strait of Hormuz, Trump said oil companies "are going to be doing very well there," signaling future support for tanker flows.He added that oil firms were also doing very well in the US, and that activity is strong, saying "a lot of tankers are coming up here... . They're coming in empty and out full, and we have a great capacity to take care of that business," pointing to rising crude movements and export capacity.His remarks come as Strait of Hormuz activity remains effectively constrained amid tensions with Iran, leaving uncertainty about near-term global oil supply flows.On Cuba, Trump said the country "... has been a terribly run country for a long time," with an "oppressive" system, indicating a tougher stance.He added, "... we may stop by Cuba after we're finished with this," signaling potential US action following the current conflict with Iran.

Wire100d ago

Take-Two Interactive's Rockstar Games Reportedly Hacked for Second Time in Three Years

Take-Two Interactive Software's (TTWO) Rockstar Games has been the target of a cyberattack for the second time in three years, multiple media outlets reported Monday.Hacker group ShinyHunters has taken responsibility for the attack and demanded a ransom, or else it would publish stolen material online, according to the reports.Rockstar Games has downplayed the incident, stating that the attack "has no impact on our organization or our players," the reports said.The company did not immediately reply to a request for comment from.Price: $201.40, Change: $+4.33, Percent Change: +2.20%

$TTWO

Wire100d ago

Eastman Kodak Says VERITA 200D Film Available Across Multiple Formats

Eastman Kodak (KODK) said Monday that VERITA 200D 5206/7206, a new color negative motion picture film stock, is available in 65 millimeter, 35mm and 16mm formats.The company said the film was developed in collaboration with writer, director and producer Sam Levinson and cinematographer Marcell Rev to achieve a distinct visual aesthetic for the third season of Warner Bros. Discovery (WBD) HBO's drama series Euphoria.Kodak said the stock has also been selectively trade-tested by cinematographers worldwide over several years before its commercial release.Price: $11.85, Change: $-0.24, Percent Change: -1.99%

$KODK$WBD

Treasury100d ago

US Treasury Closing Levels

3:00 Monday vs 3:00 Friday2yr 100-04 vs 100-05; 3.776% vs 3.801%5yr 99-26 vs 99-22+; 3.913% vs 3.939%10yr 98-20 vs 98-15; 4.295% vs 4.315%30yr 97-21 vs 97-13; 4.898% vs 4.914%2/10 51.475 bps vs 51.147 bps5/30 98.120 bps vs 97.303 bps

Wire100d ago

Warner Music Collaborates With TuStreams to Tap Into Global Opportunities

Warner Music Group (WMG) said Monday it entered a partnership with TuStreams, which also includes a minority investment in the digital music distribution platform, as part of efforts to tap into opportunities across global markets, with a focus on the Musica Mexicana genre.Warner Music will be the global distribution partner for TuStreams' complete catalog and future releases, according to a statement.The companies will also work on joint artist signings and creative development to create a talent pipeline, the company said.Price: $28.77, Change: $+0.27, Percent Change: +0.95%

$WMG

Oil & Energy100d ago

US Oil Update: Futures Rally as Blockade of Hormuz Heightens Supply Risks

Crude oil futures rallied in midday trading on Monday as the US began a blockade on vessels transiting to and from Iranian ports, stoking fears of energy supply disruptions amid Tehran's threat to target Arabian Gulf ports in retaliation.Front-month West Texas Intermediate crude futures climbed by 3.78% to $93.02 per barrel, while Brent futures soared 4.23% to $99.24/bbl.Saxo Bank strategists said the disruption has reinforced concerns about supply, especially across middle distillates, as tight availability continues to underpin diesel and jet fuel markets.On Monday, the US Central Command began enforcing the Hormuz blockade at 10 a.m. ET, as Trump warned that any vessels attempting to breach the perimeter would be "immediately eliminated"."The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman," CENTCOM said in a social media post on X, adding that it will not impede freedom of navigation for vessels transiting the Hormuz to and from non-Iranian ports.Trump ordered the blockade of the strategic waterway on Sunday after weekend peace talks between the US and Iran broke down.However, Iran pushed back against Trump administration threats, saying the US's blockade of the Strait would be "an act of piracy," as it reiterated plans to permanently control the critical chokepoint even after the conflict, according to media reports.China urged the international community to step up efforts to promote peace talks between Iran and the US, warning that the current truce remains fragile and must be preserved."China hopes the ceasefire will be kept, disputes will be resolved through political and diplomatic means rather than reigniting the flames of war, and conditions will be created for an early return of peace to the Gulf," China's Foreign Ministry Spokesperson Lin Jian said in a social media post.Meanwhile, three fuel tankers reportedly transited the Strait via routes close to Iran's coastline, despite threats of US blockade. Trump also claimed in a social media post that 34 vessels passed through the Hormuz on Sunday.The latest data from MarineTraffic showed that two tankers reversed course near the strategic waterway shortly after the start of the US blockade, with one vessel signaling China as its destination.On the supply front, crude production in the Arabian Gulf plunged in March due to the ongoing Middle East conflict, OPEC said in its monthly report.Iraq took the biggest hit, with production dropping from 4.2 million barrels per day in February to 1.6 million b/d in March, followed by Kuwait and the UAE, which registered month-over-month drops of 1.4 million b/d and 1.5 million b/d, respectively.The latest OPEC data showed that Saudi Arabia's production dropped by 2.3 million b/d, from 10.1 million b/d to 7.8 million b/d.

Sectors100d ago

Update: WTI Oil Settles Below US$100 As U.S. And Iran Fail To Reach A Deal; U.S. Promises To Blockade Iran

West Texas Intermediate (WTI) crude oil tested the US$100 per barrel mark on Monday before falling back after the United States said it will blockade Iran's ports after weekend peace talks in Pakistan ended without an agreement to end hostilities.WTI crude oil for May delivery closed up US$2.51 to settle at US$99.08 per barrel, after earlier touching US$105.63, while June Brent oil was last seen up US$3.92 to US$99.12.Direct and indirect talks between Iran and the United States failed to reach an agreement, with Iran refusing to agree to U.S. demands that it end its uranium-enrichment program. In response to the unsuccessful negotiations, the United States said it will blockade Iran's ports and block any ships paying Iran for passage through the Strait of Hormuz. Iran responded by threatening attacks on ports in the Persian Gulf and Sea of Oman, according to the Wall Street Journal.Failure to reach a deal leaves the Strait of Hormuz closed to tanker traffic, continuing to block 20% of daily oil demand supplied by Persian Gulf nations. The largest-ever supply shock likely to be magnified by the oncoming high-demand summer season."Once again, high stakes negotiations between the US and Iran deadlocked over Washington's zero uranium enrichment demand, setting the stage for further escalation in the 6-week war and prolonged supply disruptions in advance of summer driving season," Helima Croft, Head of Global Commodity Strategy and MENA Research at RBC Capital Markets, wrote."In the absence of a negotiated deal, the White House is essentially left with the option of a strategic retreat that would leave Iran with de facto control over the Strait or a military escalation aimed ateliminating the Tehran tollbooth."

$CLK6$LCOM6$USO

Commodities100d ago

EU Scales Up Coal Transition Support With New Research, Programs

The European Commission said Monday that it is expanding its Coal Regions in Transition initiative with new research, a relaunch of exchange programs, and additional working groups to speed up coal phase-outs across Europe.The initiative supports coal-dependent regions by coordinating governments, industry, unions, NGOs and researchers on transition planning and economic restructuring. The next phase is to focus on improving coordination and sharing best practices across affected areas.A new research effort is set to assess the current status of coal phase-out in EU regions and is expected to guide future energy policy and support measures.The ExchangeEU program will be relaunched soon to strengthen cooperation and knowledge-sharing among transitioning regions. New working groups will launch in mid-2026, covering clean energy deployment, grid flexibility, just transition planning and competitiveness.The initiative will also align more closely with other EU climate programs and European Investment Bank-supported technical assistance to improve investment planning. Upcoming events include a session at the EU Sustainable Energy Days on May 12 and a stakeholder meeting in Bochum, Germany, in September.

Sectors100d ago

May WTI Crude Oil Contract Closes Up US$2.51; Settles at US$99.08 per Barrel

$CLK6$LCOM6$USO

Commodities100d ago

Canadian E&Ps Eye Buybacks, Debt Cuts as Q1 Cash Flow Rises 11%, RBC Says

Canadian exploration and production firms are set for a strong Q1 with cash flow per share up about 11% and free cash flow reaching roughly $1.1 billion, RBC Capital Markets said Monday.The earnings season begins Apr. 20 with PrairieSky Royalty reporting, as analysts focus on how companies deploy rising free cash flows amid stronger crude pricing, the note said.Near-term priorities are expected to center on share buybacks and debt reduction, while capital spending could increase later in the year if commodity prices remain supportive, according to the note.RBC said natural gas prices at Alberta Energy Company rebounded temporarily during the quarter but have since softened, as supply remained ample despite rising demand tied to LNG Canada.RBC's estimates currently sit above FactSet consensus, though differences are likely to narrow as analysts adjust forecasts to reflect updated commodity pricing, the report said.Cash flow per share is projected to rise about 11% over the quarter, supported by stronger oil prices alongside operational and company-specific factors, the note said.RBC said Q1 cash flow per share is seen rising about 9.6% to 11.2% over the quarter, with year-over-year changes ranging from a 5.3% decline to a 5.8% increase.Free cash flow for the quarter is estimated at about $1.15 billion, split between roughly $458 million from oil-focused firms and $688 million from gas-weighted producers, the report said.Producers are trading at about 4.8x and 4.4x 2026 and 2027 enterprise value to debt-adjusted cash flow, respectively, or 5.1x and 4.8x based on strip pricing, RBC said.Public filings indicate roughly $215 million in Q1 buybacks across the group, led by ARC Resources at about $135 million and Tourmaline at about $72 million, the note added.Production is projected to grow about 8% in 2026, with combined output across covered companies expected to increase 8% in 2026 and 5% in 2027, including merger-related impacts, RBC said.All companies are forecast to expand volumes, with top gains from Kelt Exploration at 26%, Paramount Resources at 21%, and Arc Resources at 10%, while further upside is possible if commodity prices remain strong.Spending is projected at $9.7 billion in 2026, generating about $8.2 billion in free cash flow, or $7.3 billion on strip pricing, RBC said.For 2027, spending is estimated at $10.9 billion, producing roughly $7.5 billion in free cash flow, or $6.4 billion on strip, with about 44% of 2026 free cash flow allocated to dividends, according to the note.

US Markets100d ago

Equities Mostly Rise Intraday; Oil Prices Advance Amid Hormuz Blockade

US benchmark equity indexes were mostly higher intraday, while oil prices rose as traders kept an eye on developments in the Middle East amid a Washington blockade of maritime traffic around Iran's ports.The Nasdaq Composite was up 0.6% at 23,049.5 after midday Monday, while the S&P 500 rose 0.4% to 6,844.8. The Dow Jones Industrial Average was little changed at 47,933.5. Among sectors, technology and financials paced the gainers, while utilities saw the biggest drop.West Texas Intermediate crude oil was up 2.5% at $99.06 a barrel, while Brent jumped 4.2% to $99.22.The blockade of maritime traffic entering and exiting Iranian ports was set to start at 10 am ET Monday, according to a statement issued by the US Central Command Sunday. The development came after the US and Iran failed to reach a deal during negotiations in Pakistan over the weekend, fueling concerns over an already fragile ceasefire between Washington and Tehran.US President Donald Trump said in a social media post Monday that 34 ships went through the Strait of Hormuz Sunday.Trump's remarks comes Iran has reportedly vowed to retaliate. The Iran-controlled strait has been effectively shut since the war began at the end of February."The fact the talks happened at all matters," Saxo Bank said in a report Monday. "There is still a chance negotiations restart, especially with some reports suggesting the two sides were not far apart on at least some points."Despite the failed peace talks, a two-week ceasefire announced last week still holds.Trump is mulling over limited strikes against Iran following the failed negotiations, The Wall Street Journal reported, citing people familiar with the situation."While the diplomatic setback is negative, it does not yet signal an automatic return to the worst-case scenario," Saxo said.The Organization of the Petroleum Exporting Countries lowered its second-quarter oil demand forecast due to the Middle East conflict, but maintained its full-year estimates amid expectations for a rebound in the second half.US Treasury yields were lower intraday, with the 10-year rate down 1.6 basis points at 4.30% and the two-year rate dropping two basis points to 3.78%.In company news, Goldman Sachs (GS) posted first-quarter results above market estimates, while Chief Executive David Solomon said a protracted Middle East conflict could pose upside risks to inflation. The lender's shares were down 2.3% intraday, the worst performer on the Dow.Oracle (ORCL) shares surged nearly 12%, the top gainer on the S&P 500. The company said it introduced artificial intelligence-focused updates to its utilities software suite at its customer edge summit, targeting improvements in billing, grid operations, and asset management.In economic news, US existing home sales decreased in March as softening job growth and weaker consumer confidence continued to deter potential buyers, data from the National Association of Realtors showed."We don't see much upside for sales over the next several months," Oxford Economics said in a note. "Given the backup in mortgage rates since the start of the war with Iran, we expect home sales to move sideways before starting to gradually rise at the end of the year."Gold was down 0.7% at $4,755.90 per troy ounce, while silver dropped 1.4% to $75.43 per ounce.

Dow JonesNasdaq CompositeS&P 500$GS$ORCL

Wire100d ago

Top Midday Decliners

Replimune (REPL) is facing "significant risk" related to its ongoing phase 3 trial of RP1 in melanoma after the US Food and Drug Administration rejected the company's biologics license application for the product candidate, Wedbush Securities said in a note.Wedbush downgraded its rating on Replimune to neutral from outperform, with a lower price target of $2 from $19.Shares sank 64% following an increase in intraday trading volume to over 53.9 million from a daily average of about 1.84 million.Children's Place (PLCE) reported a fiscal Q4 adjusted loss and a decline in revenue from a year ago late Friday.Shares slumped 26% as intraday trading volume soared to more than 1.39 million from a daily average of about 276,000.Fastenal (FAST) reported Q1 earnings and sales Monday in line with the FactSet consensus.Its shares were down 7%, with intraday trading volume at more than 10.9 million, compared with the stock's daily average of about 8.68 million.Price: $1.69, Change: $-3.08, Percent Change: -64.60%

$FAST$PLCE$REPL

Wire100d ago

Seer Confirms Unsolicited Buyout Proposal, Director Nominations from Radoff-JEC Group

Seer (SEER) confirmed on Monday that it has received a non-binding and unsolicited offer from its shareholder Radoff-JEC Group to acquire all its outstanding Class A shares for $2.25 per share in cash plus a contingent value right.Seer said its board will engage independent financial and legal advisers to thoroughly review the proposal and determine an outcome that is in the best interests of the company and all stockholders.Radoff-JEC Group has nominated three director candidates to stand for board elections at Seer's 2026 annual meeting of stockholders, the company added.The board will present its formal recommendation about Radoff-JEC Group's director nominations in Seer's definitive proxy statement, the company said.Seer shares were more than 13% higher in Monday afternoon trading.Price: $1.92, Change: $+0.23, Percent Change: +13.31%

$SEER

Wire100d ago

Top Midday Gainers

Spyre Therapeutics (SYRE) shares soared 29% after the company said Monday its SPY001 investigational treatment for moderate-to-severely active ulcerative colitis met its key targets in a phase 2 trial.Over 4.10 million shares traded intraday, versus a daily average of roughly 747,000.ImageneBio (IMA) reported Monday that its private placement with certain institutional investors is expected to result in gross proceeds of about $30 million to the company.Shares jumped 22%, with intraday trading volume catapulting to more than 17.5 million from a daily average of about 38,000.Price: $65.06, Change: $+13.77, Percent Change: +26.85%

$IMA$SYRE

Mining & Metals100d ago

Trulieve Cannabis Opening a Medical Cannabis Dispensary in Boca Raton, Florida

Trulieve Cannabis (TRUL.CN) on Monday said is opening a new medical cannabis dispensary in Boca Raton, Florida.The company said the dispensary will carry a "wide variety of popular products" including Trulieve's portfolio of in-house brands such as Co2lors, Cultivar Collection, Modern Flower, Momenta, Roll One, and Sweet Talk."We are excited to serve Palm Beach County patients at this new Boca Raton location," said chief executive Kim Rivers. "Our team is committed to providing patients with exceptional experiences and high-quality products."Shares of the company were last seen unchanged at $8.69 on the Canadian Securities Exchange.

$HMMJ.TO$TRUL.CN

Mining & Metals100d ago

CAE Price Target Cut to $42.00 at RBC

RBC Capital Markets analyst James McGarragle cut his price target on the shares of CAE (CAE.TO) to $42.00 from $46.00 while maintaining his sector-perform rating.McGarragle's fourth-quarter EBITDA estimate has also been cut to $335 million from $348 million to reflect delivery headwinds from commercial OEMs and Middle East training disruptions in the civil segment."We now model FY26E Civil adj. operating income growth of -6.6% (cons. -6%) below guidance of mid-single digit decline." Target multiple has also been trimmed to 12x (from 12.5x) on continued headwinds in Civil, McGarragle added.Price: $38.23, Change: $+0.23, Percent Change: +0.61%

$CAE.TO

Wire100d ago

Best Buy Shares Drop After Downgrade From Goldman Sachs

Best Buy (BBY) shares were down 2.4% in afternoon trading on Monday after Goldman Sachs downgraded the company's stock to sell from buy and lowered the price target to $59 from $76.Trading volume stood at more than 3.1 million shares against a daily average of about 4.7 million.Price: $60.74, Change: $-1.64, Percent Change: -2.62%

$BBY

Mining & Metals100d ago

Getty Copper Starts 10,000-Meter Spring Drilling Program; Shares Up 14%

Getty Copper (GTC.V) on Monday said it launched a 10,000-meter drilling program focused on the Getty North deposit and satellite targets including the Getty South deposit, within its Getty project in British Columbia's Highland Valley District.The company said two diamond drills will be active for most of the program, and core will be logged and processed at Getty's core shack nearby in Logan Lake."Our focus with this program is to test for higher-grade mineralization, expand known mineralized zones, and demonstrate the broader scale potential of the project," said chief executive Ryan O'Regan.Current planned hole locations are constrained by permitting, and the company is working to increase the available drill locations. Initial holes are planned to be 550 to 650 meters deep.The company said the drill holes will also collect material to be used for geometallurgical characterization and metallurgical testing, as part of its strategy of advancing the resource potential of the project. Other satellite targets, including Getty West, are also in the process of being evaluated for future drilling as part of its resource and exploration strategy.Getty Copper said that an additional 4,000 to 6,000 meters of drilling in the latter half of 2026 is planned and may include these satellite exploration targets.Shares of the company were last seen up $0.025 to $0.20 on the TSX Venture Exchange.Price: $0.20, Change: $+0.03, Percent Change: +14.29%

$GTC.V

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US Markets100d ago

Equities Mostly Rise Intraday; Oil Prices Advance Amid Hormuz Blockade

Dow JonesNasdaq CompositeS&P 500$GS$ORCL