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Honeywell's Order Strength Improves Growth Visibility After Aerospace Separation, BofA Says

Honeywell's (HON) delivered a broad-based Q2 earnings beat, with stronger order trends following the separation of its aerospace business, improving visibility into growth in the second half of 2026, BofA said in a Tuesday note.The brokerage said total orders rose 16% organically to $5.7 billion, with a book-to-bill ratio above 1.1x and backlog up 9%, driven by organic order growth of 24% in Process Automation & Technologies, 13% in Building Automation and 10% in Industrial Automation.BofA said strong order momentum supports management's forecast for 4% to 6% organic growth in Q3 and Q4, with a book-to-bill ratio of about 1.1x expected in H2 to improve earnings visibility into 2027.Honeywell raised its 2026 guidance for organic sales growth, segment margin and adjusted earnings per share, while BofA said the updated outlook remains conservative and leaves room for further upside as execution strengthens through year-end.BofA upgraded the stock to buy from underperform and raised its price target to $265 from $205.Price: $246.32, Change: $+0.57, Percent Change: +0.23%

$HON

Wire9d ago

Apple Partners With Klarna to Offer 2-Year iPhone Leases for $17.99 Per Month

$AAPL$KLAR

Wire9d ago

Rubico to Acquire SPV From Top Ships

Rubico (RUBI) said Tuesday that it has signed an agreement with Top Ships (TOPS) to acquire a special-purpose vehicle that is a party to a shipbuilding contract for about $6.5 million.The contract is with Guangzhou Shipyard International and China Shipbuilding Trading to construct a 47,499 deadweight tonnage chemical/product oil carrier, the company said. The tanker is scheduled for delivery in Q2 of 2029.The SPV has secured time charter employment for the vessel with a major oil trader, starting from its delivery and for a firm duration of seven years, with charterer's option to extend for four additional years, Rubico said.The total potential gross revenue backlog from this contract, including optional years, is about $75.4 million, it added.The firm said it expects to close the deal by Sept. 30. Top Ships is a related party controlled by Rubico's controlling shareholder.Price: $2.18, Change: $+0.07, Percent Change: +3.32%

$RUBI$TOPS

Mining & Metals9d ago

Xali Gold Says Sampling at Pico Machay Project in Peru Confirm High Grades

Xali Gold (XGC.V) on Tuesday said assay results from its exploration program at the Pico Machay Gold Project in central Peru showed continued high grades within the historical resource area.Sixty-seven of 119 surface samples returned more than 0.50 grams per tonne (g/t) gold. Xali also reported 2.92 g/t gold over 31.5 meters from surface channel 1 including 13.76 g/t gold over 4.5m."These results continue to build our confidence in Pico Machay," said chief executive Joanne Freeze. "The consistency of the results, including indications of potentially higher grades within the historical resource area, is very encouraging. Equally important are the numerous anomalous gold results returned from underground workings and surface samples outside the resource area."Xali Gold shares were last seen up C$0.01, to C$0.23, on the TSX Venture Exchange.Price: $0.23, Change: $+0.01, Percent Change: +4.55%

$XGC.V

Asia Markets9d ago

European Equities Traded in US as ADRs Ease in Tuesday Trading

European equities traded in the US as American depositary receipts eased late Tuesday morning with the S&P Europe Select ADR Index down 0.1% to 1,903.66.From continental Europe, the gainers were led by consumer goods company Unilever (UL) and software firm SAP (SAP), which climbed 8.6% and 4.8%, respectively. They were followed by pharmaceutical company Sanofi (SNY) and brewing company Anheuser-Busch InBev (BUD), which advanced 3.7% and 3%, respectively.The decliners from continental Europe were led by telecommunications operator Nokia (NOK) and biopharmaceutical company DBV Technologies (DBVT), which dropped 6.3% and 5.1%, respectively. They were followed by medical device maker EDAP TMS (FOCL) and semiconductor company Sequans Communications (SQNS), which lost 3.3% and 3.1%, respectively.The gainers from the UK were led by biotech firm Trinity Biotech (TRIB) and software company Endava (DAVA), which rose 9.6% and 7.9%, respectively. They were followed by pharmaceutical company GSK (GSK) and communications company WPP (WPP), which were up 6.5% and 6.4%, respectively.The decliners from the UK and Ireland were led by pharmaceutical company Silence Therapeutics (SLN) and lender Barclays (BCS), which fell 7.8% and 7.3%, respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and lender Lloyds Banking Group (LYG), which dropped 7% and 2.5%, respectively.

$BCS$BDRX$BUD$DAVA$DBVT$FOCL$GSK$LYG$NOK$SAP$SLN$SNY$SQNS$TRIB$UL$WPP

Wire9d ago

EVI Industries Board Authorizes $10 Million Share Repurchase Program

EVI Industries (EVI) said Tuesday its board of directors approved a stock buyback plan to repurchase up to $10 million of the company's outstanding stock.Shares of the company were up 13% in Tuesday trading.Price: $16.04, Change: $+1.83, Percent Change: +12.88%

$EVI

Wire9d ago

Core AI Expands Collaboration With TikTok

Core AI (CHAI) said Tuesday it expanded its collaboration with TikTok to advance its AI-driven user acquisition and cross-platform distribution infrastructure across client applications.The company said it developed an internal operating framework to integrate TikTok account management, API connectivity, campaign optimization, data integration, and automated advertising operations under its distribution strategy.Shares of Core AI were rising past 10% in Tuesday trading.Price: $0.44, Change: $+0.04, Percent Change: +10.77%

$CHAI

Mining & Metals9d ago

Intrepid Metals Begins Rock and Soil Sampling at Mattie Gold Prospect

Intrepid Metals (INTR.V) has started a rock and soil sampling program at the Mattie Prospect within its Corral Copper Project in Cochise County, Arizona, it said Tuesday.The field program is expected to be completed in approximately three weeks, said the company. The company plans to collect around 1,170 soil samples across an area of approximately 1,900 by 1,500 meters, added Intrepid."This initial systematic program will help us build a stronger geological and geochemical framework for Mattie and determine the most effective next steps for advancing the prospect," said Interim CEO Matt Lennox-King.The company's shares were last seen down C$0.02, or 2.5%, to C$0.76 on the TSX Venture Exchange.Price: $0.76, Change: $-0.02, Percent Change: -2.56%

$INTR.V

Commodities9d ago

Iran Says War Strikes Cut Gas Production Capacity by One-Third

Iran lost 230 million cubic meters of natural gas production capacity as a result of military strikes during its war with the US, government spokesperson Fatemeh Mohajerani said Tuesday, Iran International reported.The loss amounts to more than one-third of Iran's daily natural gas output of about 650 million cubic meters, Executive Vice President Mohammad Jafar Ghaempanah reportedly said on Monday, adding that the damage had worsened the country's existing energy shortages.Ghaempanah said workers in Iran's oil and gas industry were working to restore production and expected about 100 million cubic meters of the lost capacity to return to the network in the coming months.Mohajerani also said Iran's daily gasoline production had remained steady at 100 million liters despite the conflict and ruled out any increase in the price of subsidized gasoline. She said any decision on the price of non-subsidized gasoline would be announced officially.Separately, Pakistan's Dawn newspaper reported that Iran in April demanded compensation for damage caused by US and Israeli attacks. The newspaper said an initial estimate put Iran's direct and indirect losses since the start of the war on Feb. 28 at about $270 billion.Iran's Ministry of Foreign Affairs did not immediately respond to' request for comment.

Wire9d ago

Hormel Foods Appoints John Ghingo as Chief Executive Officer

Hormel Foods (HRL) said Tuesday its board named John Ghingo as chief executive officer, effective Oct. 26.The executive will take over the position from interim CEO Jeff Ettinger at the end of the fiscal year, and Ettinger will remain in his current post until Oct. 25 to assist with the transition and will continue serving on the board, the company said.Ghingo previously managed the company's retail division starting in 2024 before becoming president and a director in 2025, Hormel Foods said.Price: $26.10, Change: $+0.05, Percent Change: +0.19%

$HRL

Wire9d ago

Lucid Group Shares Rise After HRH Prince Alwaleed Discloses 5% Stake

Lucid Group (LCID) shares rose nearly 2.4% on Tuesday after HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud disclosed a 5% stake in the company, according to a Schedule 13G filing.He owns about 19.5 million Class A common shares, with sole voting and dispositive power over all of them, the filing added.The 5% ownership figure was calculated based on nearly 390.3 million Class A shares outstanding as of April 29, the filing said.Price: $6.69, Change: $+0.19, Percent Change: +2.92%

$LCID

Wire9d ago

Workhorse to Enter AI Data Center Market With Mobile Offering

Workhorse (WKHS) said Tuesday that it intends to enter the artificial intelligence data center market with a new turnkey, compute-ready, containerized mobile AI data center product.The company said it is targeting 2027 for the start of initial production and commercial deliveries.The containerized design is expected to feature liquid-to-liquid cooling, isolated server racks and a separate climate-controlled operator zone with two work stations, the company said.Financial details of the new product were not disclosed.Workhorse shares were 0.7% higher in Tuesday trading.Price: $2.79, Change: $+0.02, Percent Change: +0.72%

$WKHS

Wire9d ago

ATRenew Launches Global B2B Marketplace, Opens ReRe Store in Hong Kong

ATRenew (RERE) said Tuesday it launched its FoneSquare global B2B marketplace for pre-owned consumer electronics and opened its first store in Hong Kong for its new ReRe consumer brand.The ReRe store, located at Citywalk in Tsuen Wan, offers recycling services and retail of pre-owned consumer electronics, luxury goods, sporting goods, and hobby items, the company said.ATRenew also said it has deployed its AI valuation machine and MAX front-end inspection terminal at the store.Shares of ATRenew were up more than 5% in Tuesday trading.Price: $4.34, Change: $+0.22, Percent Change: +5.22%

$RERE

Wire9d ago

PayPal to Offer Installment Payments for Amazon Customers in Germany, Austria

PayPal (PYPL) will offer installment payments for up to 48 months for eligible Amazon.com (AMZN) customers in Germany and Austria beginning in August, the companies said Tuesday.PayPal Ratenzahlung enables customers to split purchases of 30 euros ($34.14) to 10,000 euros into fixed monthly installments over three to 24 months with exclusive 36- and 48-month options for Amazon customers.The installment service will be integrated into Amazon.de's checkout process and rolled out to eligible customers over the coming weeks.PayPal shares rose 3.1% in Tuesday trading, and Amazon fell 1.2%.Price: $57.78, Change: $+1.71, Percent Change: +3.05%

$AMZN$PYPL

Mining & Metals9d ago

Apptly Health Partners With Bryleos to Expand UberDoc Marketplace

Apptly Health Technologies (APPT.CN) said Tuesday it has partnered with Bryleos to add the life sciences company and its products to the UberDoc direct-pay healthcare marketplace.Shares of the company were last seen down 3.5% at C$0.14 on the Canadian Securities Exchange.

$APPT.CN

Wire9d ago

EBay, Former Executives Settle 2019 Cyberstalking Case for $55.7 Million

EBay (EBAY) has entered into a settlement to resolve civil litigation brought by David and Ina Steiner against the company, several former executives and employees, the company said Tuesday.The litigation involves a cyberstalking and harassment campaign in 2019 against news site EcommerceBytes, according to a statement from law firm Scalli Murphy Law.The settlement, which totals $55.7 million in compensation and charitable commitments, includes nearly $46.2 million in compensation and $6 million in charitable contributions from eBay and around $2.5 million total compensations from former company executives Devin Wenig, Wendy Jones, and Steve Wymer, according to the statement.Price: $116.50, Change: $+3.29, Percent Change: +2.91%

$EBAY

Asia Markets9d ago

Asian Equities Traded in the US as American Depositary Receipts Fall Sharply in Tuesday Trading

Asian equities traded in the US as American depositary receipts were falling sharply Tuesday morning, down 1.49% to 2,857.68 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by automotive company Honda Motor (HMC) and online retailer JD.com (JD), which rose 3.4% and 2.6% respectively. They were followed by fintech firm High Templar Tech (HTT) and social media video platform JOYY (JOYY), which were up 2.1% and 1.8% respectively.The decliners from North Asia were led by semiconductor company Silicon Motion Technology (SIMO), which tumbled 10%. It was followed by semiconductor companies ASE Technology (ASX) and Himax Technologies (HIMX), which fell 8.3% and 7.4% respectively.From South Asia, the gainers were led by IT firms Infosys (INFY) and Wipro (WIT), which advanced 3.1% and 1% respectively. They were followed by lender HDFC Bank (HDB) and telecommunications operator PLDT (PHI), which increased 0.4% and 0.3% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which dropped 8% and 1.4% respectively. They were followed by lender ICICI Bank (IBN) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 0.4% and 0.2% respectively.

$ASX$CAN$HDB$HIMX$HMC$HTT$IBN$INFY$JD$JOYY$PHI$RDY$SIFY$SIMO$WIT

Commodities9d ago

Market Chatter: Indian Refiners Move Closer to Long-Term US LPG Deals

India could source as much as one-quarter of its 2027 liquefied petroleum gas imports from the US, a move that would diversify supply away from the Middle East while supporting ongoing trade negotiations with Washington, Reuters reported Tuesday, citing three sources with knowledge of the matter.Indian Oil, Bharat Petroleum and Hindustan Petroleum will seek long-term US liquefied petroleum gas cargoes through tenders within two months. Executives will also visit the US next month for supply talks, the report said.India stepped up US liquefied petroleum gas buying after Middle East supply disruptions squeezed availability. US imports topped 1 million tons in June for the first time and may surpass this year's contracted volumes.India's liquefied petroleum gas imports could reach about 20 million tons in 2027 as demand rebounds to roughly 31 million tons after supply shortages this year reduced consumption, the report said.Indian Oil, Bharat Petroleum, Hindustan Petroleum and India's Ministry of Petroleum and Natural Gas 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.)

Oil & Energy9d ago

Update: Edison Says QatarEnergy Force Majeure Extension to Impact 3 LNG Cargoes

(Updates to add details from Edison statement from paragraphs 1-5; removes market chatter tag)Italian energy company Edison on Tuesday disclosed that QatarEnergy has extended a force majeure on the company's deliveries till September-end, which will prevent the Qatar-based state-owned liquefied natural gas giant from delivering three scheduled LNG cargoes."QatarEnergy has informed Edison that it will not be able to deliver an additional 3 LNG cargoes scheduled for the Adriatic LNG receiving terminal in Italy," Edison said in a statement.The company said 24 LNG cargoes, equivalent to about 3 billion cubic meters of natural gas, were now covered by the force majeure period from the beginning of April to the end of September.Edison said that as of Tuesday it has replaced 17 LNG cargoes or about 1.6 billion cubic meters of natural gas at the Adriatic LNG terminal and added that it was capable of securing alternative gas supplies to meet all customer commitments.Edison has a 25-year contract with QatarEnergy for the supply of 6.4 billion cubic meters of natural gas per year to Italy, effective from 2009, the statement added.Meanwhile, according to a Bloomberg report on Tuesday, QatarEnergy has further prolonged force majeure for LNG shipments for Asian and European buyers amid continued energy supply disruptions due to the Middle East conflict.QatarEnergy has extended the force majeure on deliveries for its European customers until the end of September, up from earlier in that month, the report said, citing people familiar with the matter.It has also extended force majeure to Asian buyers, including Pakistan, India, and Bangladesh, into September.has reached out to QatarEnergy for comments.The extension has tightened global supply as Europe and Asia compete for limited alternative cargoes to rebuild inventories ahead of winter. QatarEnergy first suspended deliveries to buyers in March following the outbreak of the war and has been extending the force majeure clause since, the report said.

Research9d ago

HSBC Downgrades Coca-Cola to Hold From Buy, Adjusts Price Target to $116 From $120

Coca-Cola (KOF) has an average rating of overweight and mean price target of $118.35, 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: $111.17, Change: $+2.18, Percent Change: +2.00%

$KOF

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Oil & Energy9d ago