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GlobalFoundries Expects $300 Million US Award to Advance Silicon Photonics Research

GlobalFoundries (GFS) said Wednesday it signed a letter of intent with the US Department of Commerce for a proposed $300 million CHIPS Research and Development award to advance silicon photonics for artificial intelligence.The funding would support research into silicon photonics wafer technologies, optical materials and advanced packaging, including 3D hybrid bonding, the company said.In a separate agreement, GlobalFoundries said the Department of Commerce will receive 1% equity interest in the company.GlobalFoundries shares were down 2.7% in Wednesday trading.Price: $47.68, Change: $-1.34, Percent Change: -2.73%

$GFS

Sectors14d ago

US Total Weekly EIA Crude Oil Stocks Fall by 11.0 Million Barrels After Prior 3.0 Million Decrease

Wire14d ago

Wells Fargo Adjusts PACCAR Price Target to $157 From $125, Maintains Equal Weight Rating

PACCAR (PCAR) has an average rating of overweight and mean price target of $136.36, according to analysts polled by FactSet.Price: $136.99, Change: $-1.22, Percent Change: -0.88%

$PCAR

Wire14d ago

Rothschild & Co Redburn Adjusts Coca-Cola Price Target to $92 From $86, Maintains Buy Rating

Coca-Cola (KO) has an average rating of overweight and mean price target of $94.48, according to analysts polled by FactSet.Price: $90.76, Change: $+2.49, Percent Change: +2.82%

$KO

Wire14d ago

UBS Adjusts Price Target on Mondelez International to $68 From $64, Maintains Neutral Rating

Mondelez International (MDLZ) has an average rating of overweight and mean price target of $68.95, 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: $65.53, Change: $+3.05, Percent Change: +4.87%

$MDLZ

Wire14d ago

UBS Adjusts Price Target on Landstar System to $195 From $185, Maintains Neutral Rating

Landstar System (LSTR) has an average rating of hold and mean price target of $197.36, 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: $177.87, Change: $-7.45, Percent Change: -4.02%

$LSTR

Oil & Energy14d ago

US Oil Update: Oil Benchmarks Snap 3-Day Decline as US-Iran Conflict Escalates

Oil prices gained more than 6% on Wednesday as escalating regional conflict outweighed potential US-Iran diplomatic progress, while focus shifted to the upcoming crude inventory data from the EIA.Front-month West Texas Intermediate crude futures surged 6.5% to $84.40 per barrel, while Brent futures added 6.6% to $89.66/bbl.Analysts noted that recent strikes on regional infrastructure highlight the severe hurdles facing potential US-Iran diplomatic efforts.Saxo Bank analysts said the move upwards today "snapped a three-day slide which had been Brent's worst since April 2020, and Iran's rejection of the Omani plan to reopen the Strait of Hormuz may, in our view, keep a risk premium in the curve."Iran reportedly turned down Oman's proposal for joint control of the Strait of Hormuz, instead repeating demands for more oversight of the waterway.On the geopolitical front, President Donald Trump has threatened to hit Iran hard following "surprise" attacks on US targets in the Middle East, Fox News reported, citing an interview with Trump which was yet to be broadcast."We'll be hitting them hard. They are going to get a beating," Fox News reported, quoting Trump.Supporting prices on the supply side, American Petroleum Institute data revealed a 3.3-million-barrel decrease in US crude inventories for the week ending July 24, with markets now awaiting confirmation from the official Energy Information Administration report.Meanwhile, OPEC+ is projected to pause further production hikes after approving a final scheduled September increase of 188,000 barrels per day during its virtual meeting on August 2, as the group continues to monitor ongoing Persian Gulf supply disruptions, ING analysts noted.

Wire14d ago

Update: Market Chatter: Taiwan Semiconductor Manufacturing, Toyota Operations Hit by Japan Earthquake

(Updates to include a statement from Taiwan Semiconductor Manufacturing in the fourth paragraph.)Taiwan Semiconductor Manufacturing (TSM) and Toyota Motor (TM) were among manufacturers whose operations were disrupted after a powerful earthquake struck Japan's Kumamoto prefecture, Nikkei Asia reported Wednesday.Taiwan Semiconductor Manufacturing evacuated personnel from its JASM semiconductor plant in Kumamoto after the quake triggered mandatory evacuation procedures, while some construction work at JASM's second fab was temporarily suspended as a precaution, a company spokesperson told Nikkei Asia.Toyota will halt production at three plants in Fukuoka prefecture from Wednesday evening through Friday while it assesses safety, logistics and supplier conditions, the report said, citing the automaker.Taiwan Semiconductor Manufacturing toldthat JASM structures are safe following structural inspections and it is now inspecting equipment and doing recovery works. The company also said it is still assessing the earthquake's impact.Toyota Motor did not immediately respond 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.)Price: $383.08, Change: $-9.23, Percent Change: -2.35%

$TM$TSM

Wire14d ago

Hyperscale Data Reports Higher Preliminary H1 Revenue

Hyperscale Data (GPUS) said Wednesday it expects H1 consolidated revenue of about $80 million, up from $51 million in the same period last year.The company reaffirmed its 2026 revenue guidance of $180 million to $200 million, and issued preliminary 2027 revenue guidance of more than $300 million.

$GPUS

Wire14d ago

Update: Market Chatter: Alphabet's Google DeepMind Disbands AlphaFold Team as AI Strategy Shifts Toward Gemini

(Updates to add Google DeepMind's response in the fifth paragraph.)Alphabet's (GOOG) Google DeepMind has dismantled the team behind its Nobel Prize-winning AlphaFold artificial intelligence system, reassigning most researchers to Gemini-related projects and other scientific initiatives as it shifts its research strategy, the Financial Times reported.The report said many AlphaFold researchers have moved to projects involving Google's Gemini large language model, enzyme design, nuclear fusion and genomics, while others joined Alphabet's drug discovery unit, Isomorphic Labs.DeepMind told the Financial Times that the changes reflect a broader strategy of building Gemini-powered systems that can assist scientists and automate parts of scientific research while competing with OpenAI and Anthropic in frontier AI.According to the report, AlphaFold will continue to be developed despite the restructuring, with its research integrated into DeepMind's broader scientific and artificial intelligence programs rather than managed by a dedicated team.A Google DeepMind spokesperson toldin an emailed response that many of its researchers behind AlphaFold continue to drive scientific and technological advances across Google, Google DeepMind, and Isomorphic Labs.(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.)Price: $331.35, Change: $-1.25, Percent Change: -0.38%

$GOOG$GOOGL

Mining & Metals14d ago

Paragon Advanced Labs Settles $2.4 Million of Debt

Paragon Advanced Labs (PALS.V) settled $2.4 million with The Paul & Joyce Huet Family Trust, an entity related to investor Paul Andre Huet, it said in a statement on Wednesday.The company settled this outstanding indebtedness by issuing 1.4-million common shares at C$2.42 apiece. It also said the settled indebtedness comprised the balance of the secured promissory note issued in connection with the company's acquisition of Paragon Geochemical, and the debt settlement constitutes full and final satisfaction of all amounts owing to the Trust.The TSX Venture Exchange has conditionally accepted the debt settlement.Shares of the company were last seen up about 6% at C$2.49 on the TSXV.Price: $2.49, Change: $+0.14, Percent Change: +5.96%

$PALS.V

Wire14d ago

UBS Adjusts Price Target on JetBlue Airways to $5 From $4.50, Maintains Sell Rating

JetBlue Airways (JBLU) has an average rating of underweight and mean price target of $5.77, 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: $6.03, Change: $+0.03, Percent Change: +0.42%

$JBLU

Wire14d ago

Wells Fargo Adjusts Hilton Worldwide Price Target to $382 From $379, Maintains Overweight Rating

Hilton Worldwide Holdings (HLT) has an average rating of overweight and mean price target of $355.48, 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: $319.72, Change: $-2.71, Percent Change: -0.84%

$HLT

Insider Trading14d ago

Karooooo Insider Sold Shares Worth $3,058,319, According to a Recent SEC Filing

Isaias Jose Calisto, 10% Owner, Director, Chief Executive Officer and Executive Chairman, on July 27, 2026, sold 47,949 shares in Karooooo (KARO) for $3,058,319. Following the Form 4 filing with the SEC, Calisto has control over a total of 17,870,009 common shares of the company, with 17,870,009 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1828102/000121390026082607/xslF345X05/ownership.xmlPrice: $63.81, Change: $-0.15, Percent Change: -0.23%

$KARO

Equities14d ago

Energy Fuels Says Heavy Rare Earth Facility Under Construction in Utah

Energy Fuels (UUUU) said Wednesday it has started construction on an expansion of its White Mesa Mill facility in Utah for commercial-scale production of heavy rare earth oxides.The materials will be used by Energy Fuels to produce rare earth metals, alloys and magnets for automotive, robotics, data center, and energy and defense clients, the company said.The expansion project will have a capital expenditure of about $104 million, the company said, adding the amount is expected to be backed in large part by government grants and loans.Price: $11.33, Change: $-0.01, Percent Change: -0.04%

$UUUU

Equities14d ago

UBS Adjusts Price Target on HF Sinclair to $105 From $80, Maintains Buy Rating

HF Sinclair (DINO) has an average rating of hold and mean price target of $89.93, 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: $90.59, Change: $+1.29, Percent Change: +1.44%

$DINO

Wire14d ago

Everspin Says Computer Memory Product Picked by Astro Digital for Satellite Mission

Everspin Technologies (MRAM) said Astro Digital chose its 64Mb MRAM as the fail-safe boot memory for an upcoming Raven bus geosynchronous Earth orbit satellite mission.The chip will store the startup code the spacecraft needs to initialize and recover its systems in orbit, Everspin said Wednesday in a statement.Price: $13.76, Change: $-0.21, Percent Change: -1.50%

$MRAM

Wire14d ago

UBS Lowers Universal Health Services Price Target to $290 From $310, Maintains Buy Rating

Universal Health Services (UHS) has an average rating of overweight and mean price target of $197.06, according to analysts polled by FactSet.Price: $166.73, Change: $+0.51, Percent Change: +0.31%

$UHS

Wire14d ago

UBS Adjusts Price Target on Centene to $70 From $61, Maintains Neutral Rating

Centene (CNC) has an average rating of overweight and mean price target of $70.67, 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: $63.50, Change: $-0.41, Percent Change: -0.64%

$CNC

Wire14d ago

BofA Securities Raises Price Target on Coca-Cola to $100 From $95, Maintains Buy Rating

Coca-Cola (KO) has an average rating of overweight and mean price target of $94.48, 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: $90.37, Change: $+2.10, Percent Change: +2.38%

$KO

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