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AuMEGA Metals Begins Inaugural Drilling at Isle aux Morts Granite and Cape Ray West

AuMEGA Metals (AUM.V) on Tuesday said it started diamond drilling as part of its 2026 exploration program at the Isle aux Morts Granite and Cape Ray West along the Cape Ray Shear Zone in Newfoundland and Labrador.The program will test a series of structural, geochemical and geophysical targets and the initial drilling will test targets which have never been drilled before, said the company.The company expects to start drilling at Bunker Hill later in the summer once drilling at the Isle aux Morts Granite and Cape Ray West is completed, AuMEGA added."The objective of this initial drilling is to test the underlying geological concepts, improve our understanding of the area and determine whether these target corridors warrant more extensive follow-up," said Chief Executive Officer Sam Pazuki.The company's shares were last seen unchanged at C$0.035 on the TSX Venture Exchange.

$AUM.V

Wire9d ago

PSQ to Sell EveryLife for $5.5 Million in Cash

PSQ (PSQH) said Tuesday it has entered a definitive deal to sell EveryLife, its direct-to-consumer diaper and baby products brand, to FreeHold Brands, for gross proceeds of $5.5 million in cash.The sale of EveryLife, which was reported as discontinued operations since Q3 of 2025, is expected to close by Sept. 30, the company said.The completion of the sale would deliver non-dilutive cash to its balance sheet, according to a statement.The sale of EveryLife would also complete the divestiture of its direct-to-consumer products division, the company added.Shares of PSQ rose 16% in Tuesday trading.Price: $3.57, Change: $+0.49, Percent Change: +15.91%

$PSQH

US Markets9d ago

PayPal Lifts Full-Year Adjusted Earnings Outlook Following Second-Quarter Beat

PayPal (PYPL) raised its full-year adjusted earnings guidance after reporting second-quarter results above Wall Street's views, sending the payments company's shares higher Tuesday.The company now expects 2026 non-GAAP earnings of about $5.38 a share, versus its prior outlook range of a low-single-digit decline to slightly positive. Analysts polled by FactSet are looking for $5.32. PayPal now projects transaction margin dollars to increase to about $15.6 billion, compared with its previous expectations of a "slight decline."Second-quarter non-GAAP EPS decreased to $1.38 from $1.40 a year earlier, beating the Street's $1.28 estimates. Net revenue rose 5% to $8.68 billion, also topping the Street's view for $8.47 billion. Payment volume surged 10% to $486.45 billion, while the number of payment transactions rose 8% to 6.75 billion."During the second quarter, we made meaningful progress on our reorganization and sharpened our view of the highest-impact actions needed to accelerate our growth strategy," Chief Financial and Operating Officer Jamie Miller said on an earnings conference call, according to a FactSet transcript"At the same time, we saw stronger-than-expected underlying business performance, including transaction margin trends," Miller told analysts. "Against that backdrop, we have invested more heavily in a number of high-priority areas, which helped drive higher non-transaction-related operating expense in the quarter and will continue into third quarter."PayPal shares were up 4.7% in afternoon trade."We are making good progress on our plan to deliver at least $1.5 billion of gross run-rate savings over the next two to three years," Chief Executive Enrique Lores said on the call. "This work will power our next chapter of growth by creating a more focused organization, modernizing our technology platform, and improving our cost structure."For the ongoing quarter, PayPal expects a low-single digit decline in non-GAAP EPS, while transaction margin dollars will be slightly positive.Earlier this month, Reuters reported, citing unnamed sources, that private equity firm Advent International and Stripe made a joint offer to acquire PayPal in a transaction that would value the payments company at north of $53 billion.Lores said Tuesday the company doesn't comment on market speculation or potential M&A discussion."Our board and management team are open and have a clear responsibility to objectively evaluate every opportunity that is presented to us, compare it with our own plan and choose the options that creates more value," Lores told analysts. "Today, because of all the work that we have done over the last three months and because of the status of the business, we have a very clear view of the value that we can create in the coming years."Price: $58.46, Change: $+2.39, Percent Change: +4.26%

$PYPL

Wire9d ago

Oppenheimer Raises Incyte Price Target to $120 From $107

Incyte (INCY) has an average rating of overweight and mean price target of $117.52, 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: $130.20, Change: $+11.33, Percent Change: +9.53%

$INCY

Sectors9d ago

Sector Update: Energy Stocks Decline Tuesday Afternoon

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1.3% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.2%.The Philadelphia Oil Service Sector Index shed 2.6%, and the Dow Jones US Utilities Index was up 0.6%.President Donald Trump said talks with Iran were continuing and again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's foreign ministry spokesman, Esmaeil Baghaei, said Tehran was not negotiating with the US but added that "intermediaries may convey messages from the American side to us regarding ongoing developments in the region," Al Jazeera reported.Front-month West Texas Intermediate crude oil fell 4.1% to $79.19 a barrel, and the global benchmark Brent crude contract dropped 4.5% to $81.98 a barrel. Henry Hub natural gas futures declined 2.7% to $2.71 per 1 million BTU.In corporate news, ExxonMobil (XOM) offers limited upside following its recent share-price gains, while Chevron (CVX) presents a stronger medium-term setup, BofA Securities said in a Tuesday note. BofA lowered its rating on ExxonMobil to neutral from buy while raising its price target to $158 from $154. BofA kept its buy rating on Chevron and increased its price target to $227 from $210. ExxonMobil fell 1.6%, and Chevron was down 1%.HF Sinclair (DINO) reported higher Q2 adjusted earnings and revenue, and raised its quarterly dividend. Separately, HF Sinclair said it plans to separate its Lubricants and Specialties segment into an independent publicly traded company. HF Sinclair shares were down 0.4%.Expro (XPRO) shares rose 0.5% after the company increased its 2026 revenue outlook.

$CVX$DINO$XOM$XPRO

Commodities9d ago

Noble Sees Contract Resequencing Shift Rig Activity as Dayrates Remain Firm, TPH Says

Noble (NE) lowered its fiscal 2026 adjusted EBITDA outlook after contract resequencing offset otherwise resilient offshore drilling activity, TPH Energy Research said in a Tuesday note.Two Petrobras (PBR) floaters reduced Q2 revenue by about $43 million, although adjusted EBITDA still broadly matched TPH's expectations despite the lost contract revenue.Management attributed the weaker outlook to revised schedules for the Noble Viking, Noble Intrepid and Noble Innovator, rather than non-productive time, according to TPH Energy Research in a Tuesday note.The Noble Viking will complete its firm contract in October 2026 in Southeast Asia and could remain idle before customers exercise its remaining two contract options, according to the research firm.BP (BP) transferred the remaining backlog from the Noble Innovator to the Noble Intrepid, freeing the Innovator in September 2026 while extending the Intrepid's contract through September 2027.Four optional wells for the Northern Endurance Partnership could keep the jackup active through most of 2028, TPH said.Noble also moved the Noble Developer's expected contract completion to January 2027 from the prior August 2027 schedule, which had included a five-well option. TPH said the revised timeline likely reflects the customer's plan to retender future Gulf of America drilling work.Floater operating days came in about 2% below TPH's expectations, while average floater dayrates met estimates at about $413,000.Jackup dayrates reached $197,000, above TPH's $179,000 estimate, while reimbursable revenue totaled about $40 million versus TPH's $35 million forecast.Noble also retired the Ocean Apex ahead of TPH's expected 2027 timeline. Management added that tightening market conditions have pushed leading-edge rates for Tier I ultra-deepwater drillships into the mid-$400,000s, TPH said.Adjusted EBITDA totaled $212 million, compared with TPH's $210 million estimate and the Street's $219 million forecast.The company lowered its fiscal 2026 adjusted EBITDA guidance to $850 million to $925 million from $940 million to $1.02 billion, reducing the midpoint by about $93 million, TPH said.Noble maintained its fiscal 2026 capital expenditure guidance at $615 million to $665 million, in line with TPH's $639 million estimate.Second-quarter capital expenditures reached about $205 million, above the Street's $159 million forecast and TPH's $135 million estimate, resulting in negative free cash flow of $59 million versus the Street's negative $9 million forecast and TPH's positive $53 million estimate.Price: $39.29, Change: $-3.82, Percent Change: -8.86%

$BP$NE$PBR

Wire9d ago

Stifel Raises Incyte Price Target to $145 From $123, Buy Rating Kept

$INCY

Sectors9d ago

Sector Update: Financial Stocks Higher Tuesday Afternoon

Financial stocks rose in Tuesday afternoon trading with the NYSE Financial Index advancing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) gaining 1.2%.The Philadelphia Housing Index climbed 2.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 1.2%.Bitcoin (BTC-USD) rose 0.5% to $63,978, and the yield for 10-year US Treasuries fell 4.3 basis points to 4.598%.In economic news, US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed Tuesday. The consumer confidence index dropped to 90.8 this month from June's upwardly revised reading of 92.2. The consensus was for a 92.4 print in a Bloomberg survey.In corporate news, Visa (V) plans to trim around 2,600 jobs as part of CEO Ryan McInerney's plan to streamline operations. The cuts, representing 7% of its workforce, will mainly affect technology and product teams. Visa shares rose 1.8%.Brookfield Asset Management (BAM) plans to focus renewable energy investments in India on states with stronger power grids as transmission constraints limit wind and solar generation elsewhere, Bloomberg reported Tuesday. Brookfield shares added 0.8%.Barclays (BCS) Chief Financial Officer Anna Cross said Tuesday it is shifting its compensation model toward a Wall Street-style structure by increasing performance-based pay while reducing fixed salaries for senior bankers, according to Bloomberg. Barclays shares fell 5.4%.

$BAM$BCS$V

Sectors9d ago

Sector Update: Consumer Stocks Rise Tuesday Afternoon

Consumer stocks gained Tuesday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 2.2% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 1.3%.Redbook US same-store sales last week rose 8.3% from a year earlier after a 7.8% increase in the previous week. Redbook said retailers have been clearing summer stock to bring in back-to-school items.US consumer confidence unexpectedly fell in July, with "little improvement" in business conditions expected over the next six months, a survey by the Conference Board showed. The consumer confidence index dropped to 90.8 from June's upwardly revised 92.2. The consensus was for 92.4 in a Bloomberg survey.In corporate news, Coca-Cola (KO) shares jumped 4.3%. The company raised its full-year earnings growth outlook after reporting stronger-than-expected fiscal Q2 results.United Parcel Service (UPS) lifted its full-year revenue outlook after delivering Q2 results above consensus estimates. The company expects Q3 domestic revenue to be flat as operations with Amazon (AMZN) shrink. UPS shares fell 5.9%.Lucid Group (LCID) shares surged 10% after Saudi Prince Alwaleed bin Talal Al Saud disclosed a 5% stake in the company, according to a Schedule 13G filing.

$KO$LCID$UPS

Mining & Metals9d ago

Awale Resources Raises C$19 Million in Private Placement Offering of Shares, Adds Third Strategic Investor

Awale Resources (ARIC.V) said Tuesday it raised C$19 million in a private placement offering with Predictive Discovery (PDI.TO) and Fortuna (FVI.TO).Predictive, who subscribed for 16.64-million shares at C$0.85 apiece, investing C$14.2 million, becomes the third strategic investor in Awale, alongside Fortuna and Newmont (NEM), a statement said.Fortuna exercised its participation right and acquired 5.7-million shares for C$4.84 million.Proceeds from the offering will be used to advance exploration activities at the Odienne Project in Cote d'Ivoire.Awale Resources shares were last seen down C$0.08 to C$0.78 on the TSX Venture Exchange.Price: $0.78, Change: $-0.08, Percent Change: -9.30%

$ARIC.V$FVI.TO$PDI.TO

Sectors9d ago

Sector Update: Healthcare Stocks Gain in Afternoon Trading

Healthcare stocks rose Tuesday afternoon, with the NYSE Healthcare Index adding 2.2% and the State Street Health Care Select Sector SPDR ETF (XLV) rising 2.3%.The iShares Biotechnology ETF (IBB) was up 0.8%.In corporate news, GSK (GSK) shares gained 3.9% after the firm posted higher Q2 core earnings and sales that also beat analysts' estimates. Separately, GSK licensor Hansoh's phase 3 trial of risvutatug rezetecan to treat osteosarcoma, the most common primary bone cancer, achieved its primary endpoint in progression-free survival, GSK said Tuesday.Seer (SEER) shareholders Bradley Radoff and Michael Torok said Tuesday they have submitted their fourth non-binding proposal to buy the company, raising their offer to $2.55 per share in cash. Seer shares jumped past 5%.Iqvia (IQV) shares surged 12% after it reported higher Q2 adjusted earnings and revenue, and raised its 2026 outlook.

$GSK$IQV$SEER

Mining & Metals9d ago

01 Quantum Partners With Carleton University, NC CIPSeR to Study Privacy and Data Risks in AI Systems

01 Quantum (ONE.V) on Tuesday said it is entering a strategic research collaboration with Carleton University and the National Centre for Critical Infrastructure Protection, Security and Resilience (NC CIPSeR).The company said the collaboration will study, stress test, and evaluate defensive technologies against modern AI systems that can unintentionally reveal sensitive information and how advanced Post-Quantum Cryptography (PQC) can prevent it. The project is intended to provide independent research insights needed to assist enterprises in their evaluation of 01 Quantum's encrypted AI architecture, it said.The project's first phase will quantify data leakage from a standard, non-encrypted AI system and a later phase will test an encryption compatible model component to show the potential applicability of Fully Homomorphic Encryption (FHE) as the solution to help close that privacy gap, it added.Shares of the company were last seen up 7.5% to C$0.43 on the TSX Venture Exchange.Price: $0.43, Change: $+0.03, Percent Change: +7.50%

$ONE.V

Wire9d ago

RBC Capital Adjusts PayPal Price Target to $65 From $59

PayPal Holdings (PYPL) has an average rating of Hold and mean price target of $49.78, 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: $58.60, Change: $+2.53, Percent Change: +4.51%

$PYPL

Asia Markets9d ago

Update: US Equity Indexes Mixed as Chipmakers Restrain Nasdaq, Crude Oil Slides

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed, as chipmakers continued to weigh on the Nasdaq Composite and crude oil slumped after a pause in Washington's strikes on Iran appeared to extend.The Dow Jones Industrial Average jumped 1.3% to 52,877.4, with the S&P 500 up 0.4% to 7,442.7 after midday Tuesday. The Nasdaq Composite was little changed at 24,933.8.Energy, technology, and industrials were the sole decliners while consumer staples, healthcare, and materials topped the gainers.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 3%. Among companies with a market capitalization of more than $200 billion, seven of the 10 worst performers were from the semiconductors and semiconductor equipment and materials industries, according to data compiled by Finviz.Shares of Corning (GLW) sank 16%, the worst performer on the S&P 500, after the company reported Q2 results and set guidance for the next quarter.In geopolitical news, President Donald Trump said talks with Iran were continuing but again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's foreign ministry spokesman, Esmaeil Baghaei, said Tehran was not negotiating with the US but added that "intermediaries may convey messages from the American side to us regarding ongoing developments in the region," Al Jazeera, a Middle East broadcaster, reported.The front-month US West Texas Intermediate slumped 4.7% to $78.71 a barrel, and global benchmark North Sea Brent dropped 5.3% to $83.69 a barrel.US Treasury yields fell, with the 10-year down 4.7 basis points to 4.59% and the two-year lower by 5.9 basis points to 4.26%.In precious metal markets, gold futures fell 1% to $4,038.2, and silver futures declined 1.8% to $57.64.In economic news, the Conference Board's measure of consumer confidence decreased to 90.8 in July from 92.2 in June, below the 92.4 expected in a Bloomberg-compiled survey.The Case-Shiller National Home Price Index rose 0.6% in May, after a 0.8% increase in April, before seasonal adjustment. National home prices were up 1.1% year-over-year, up from 0.9% in April.Further in company news, IQVIA (IQV) reported a year-over-year increase in Q2 adjusted earnings and revenue, and raised its 2026 outlook. Its shares surged 14%, the top gainer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$GLW$IQV$SMH

Sectors9d ago

Sector Update: Tech Stocks Fall Tuesday Afternoon

Tech stocks were lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 3.8%.The Philadelphia Semiconductor index declined 4%.In sector news, Microsoft-backed (MSFT) OpenAI and Amazon-backed (AMZN) Anthropic have pushed to expand the types of AI models requiring government review under a looming Trump administration framework to include those from competitors like Meta Platforms (META) and SpaceX's (SPCX) SpaceXAI, The Information reported.In corporate news, Corning (GLW) shares fell past 15% after it reported Q2 results and set guidance for the next quarter.Meta Platforms (META) and asset manager BlackRock (BLK) have teamed up to develop a data center campus in El Paso, Texas, at a cost of roughly $14 billion, the companies said Tuesday. Meta shares were up marginally.Cadence Design Systems (CDNS) shares rose 2% after it lifted its full-year outlook and reported better-than-expected fiscal Q2 earnings.

$CDNS$GLW$META

Mining & Metals9d ago

Canada Commodities: Oil and Gold Lower as Pause in US-Iran Hostilities Seem to be Holding

Prices for key Canadian export commodities fell on Tuesday, with oil and gold in the red as a pause in the US-Iran hostilities appeared to be holding and discussions on the future of the Strait of Hormuz continued.September West Texas Intermediate crude oil was last seen down 5.7% to $77.29 a barrel, the lowest since July 10, while September Brent oil lost 4.5%% to $84.46 a barrel.Oil dropped for the third-straight session even as the United States and Iran paused attacks, with Reuters reporting Oman is proposing a Gulf States-backed plan for managing traffic through the Strait of Hormuz following an end to hostilities.November gold was fell and was last seen down 0.7% to $4,106.30 per ounce, as traders assessed the possibility that the US Federal Reserve's policy committee could announce an interest rate hike when it ends its two-day meeting at 2:00 p.m ET on Wednesday. The CME FedWatch tool sees a 29.9% probability the committee will raise rates by 25 basis points.

$CXY$CLU6$GLD$GLX6$LCOU6$USO

Sectors9d ago

Sector Update: Energy

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.6%.The Philadelphia Oil Service Sector Index shed 2.8%, and the Dow Jones US Utilities Index was up 0.4%.Front-month West Texas Intermediate crude oil fell 5% to $78.51 a barrel, and the global benchmark Brent crude contract dropped 5.9% to $83.15 a barrel. Henry Hub natural gas futures declined 3.3% to $2.68 per 1 million BTU.In corporate news, ExxonMobil (XOM) offers limited upside following its recent share-price gains, while Chevron (CVX) presents a stronger medium-term setup, BofA Securities said in a Tuesday note. BofA lowered its rating on Exxon to neutral from buy while raising its price target to $158 from $154. BofA kept its buy rating on Chevron and increased its price target to $227 from $210. Exxon fell 1.5%, and Chevron was down 1.2%.

$CVX$XOM

Wire9d ago

Seer Shareholders Radoff, Torok Send Fourth Acquisition Proposal

Seer (SEER) shareholders Bradley Radoff and Michael Torok said Tuesday they have submitted their fourth non-binding proposal to acquire the company, raising their offer to $2.55 per share in cash.The new proposal includes a contingent value right to receive 85% of the net proceeds received from any license, sale or other disposition of Seer's business and assets, including PrognomiQ, according to Radoff and Torok's letter to the board's special committee.Payments under the contingent value right would be made within six to 12 months of acquisition completion, it added.Radoff and Torok's first three proposals, including the May revised offer of $2.40 per share in cash plus a contingent value right, were rejected by the board. Last week, a special board committee also rejected an unsolicited acquisition proposal from Chair and Chief Executive Officer Omid Farokhzad for $2.45 per share in cash plus two separate contingent value rights.Seer did not immediately reply to a request for comment from.Shares of the company were up 3.8% in Tuesday trading.Price: $2.05, Change: $+0.08, Percent Change: +3.81%

$SEER

Wire9d ago

SoFi Technologies Signs Multi-Year Partnership With Notre Dame Athletics

SoFi Technologies (SOFI) said Tuesday it signed a multi-year partnership with Notre Dame Athletics, becoming the department's official financial services partner.Financial details weren't disclosed.SoFi will provide an annual $1.4 million fund for scholarships, financial education and career development for student-athletes across Notre Dame's 26 varsity sports, according to a statement.Price: $16.73, Change: $-0.15, Percent Change: -0.89%

$SOFI

Wire9d ago

ReposiTrak Traceability Network Gets Selected by Associated Grocers Northeast to Launch Traceability Program

ReposiTrak (TRAK) said Tuesday that retailer-owned wholesale cooperative Associated Grocers Northeast has selected the ReposiTrak Traceability Network to implement its food traceability project.The system will collect and validate supplier data to support regulatory compliance requirements and supply chain transparency, the company said.ReposiTrak will handle supplier onboarding, data mapping, and technical training while automating data transfers to eliminate manual case scanning, the company said.Shares of the company were up about 2.8% in Tuesday trading.Price: $8.81, Change: $+0.24, Percent Change: +2.86%

$TRAK

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US Markets9d ago

PayPal Lifts Full-Year Adjusted Earnings Outlook Following Second-Quarter Beat

$PYPL