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US Weekly Ethanol Production Rose, EIA Says

US weekly ethanol production rose, according to the US Energy Information Administration report on Wednesday.For the week ending July 24, US ethanol production averaged 1.13 million barrels per day, up from last week's 1.09 mmb/d and above last year's 1.10 mmb/d.The four-week average output at 1.09 mmb/d was almost equal to a year ago.

Treasury14d ago

Mohammed Hadi Al Rasheed and Partners Upsizes Sharia-compliant Banking Facilities

Mohammed Hadi Al Rasheed and Partners (SASE:9601) increased the size of its Sharia-compliant banking facilities with The Saudi Awwal Bank by 100 million Saudi riyals to 172.4 million riyals, according to a Wednesday release.As part of the revised agreement, which was first announced in August 2025, the Tadawul-listed construction company issued a promissory note worth 158.1 million riyals as collateral, covering the increased facilities and the outstanding balance of the previous financing.The additional funding will be used for asset financing and to support the company's acquisition of Taif Co.

SASE:9601

Sectors14d ago

US Total Crude Oil Stocks Fall in Week Ended July 24

US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 11.0 million barrels in the week ended July 24 following a decrease of 3.0 million barrels in the previous week.Excluding inventories in the SPR, commercial crude oil stocks fell by 7.2 million barrels after a 2.0 million barrel gain in the previous week, compared to the 1.0 million barrel increase expected in a survey compiled by Bloomberg.Stocks in the SPR declined by 3.8 million in the week after falling by 5.1 million in the previous week.Overall crude oil stocks were down 1.5% from the previous week and 14.1% lower than a year earlier. Crude oil inventories are about 7.0% below the five-year average for this time of the year.Gasoline stocks were unchanged in the current week compared to a 1.1-million-barrel decrease expected and were down 7.5% from a year earlier.Distillate stocks rose by 1.1 million barrels in the current week, compared with an expected increase of 500,000 barrels. Distillate stocks were up 1.0% from the previous week but were still 2.6% lower than in the same week a year ago.Refineries operated at 97.2% of their capacity, up from 96.1% in the previous week.

Wire14d ago

Qnity Electronics Collaborates With Imec to Further Investments in Semiconductor Technologies

Qnity Electronics (Q) said Wednesday that it is collaborating with Imec, a research and innovation center for advanced semiconductor technologies, to gain access to Imec's portfolio of research programs.The partnership aims to strengthen the company's ability to co-develop and accelerate next-generation materials innovation alongside other technology firms, Qnity Electronics said.Price: $126.58, Change: $-1.32, Percent Change: -1.03%

Mining & Metals14d ago

Western Exploration Prepares Work for Drill Program at Doby George Gold Project

Western Exploration (WEX.V) began preparation work for a drill program at its Doby George gold project in northeastern Nevada, it said Wednesday.The company expects the drill to arrive during the week of July 27, it said.The program, which will target up to 3,000 metres across 15 drill holes, is expected to support baseline studies and a pre-feasibility study for its 100%-owned Doby George Project, said the company.The company's shares were last seen unchanged at C$0.52 on the TSX Venture Exchange.

$WEX.V

Research14d ago

Northland Securities Initiates Coverage on NeoVolta With Outperform Rating, $15 Price Target

$NEOV

Commodities14d ago

Weekly US Crude Inventories Drop by 7.2 Million Barrels, EIA Says

US commercial crude oil inventories decreased by 7.2 million barrels to 404.5 mmbbls in the week ended July 24, the Energy Information Administration said in its weekly report on Wednesday.Crude inventories were about 7% below the five-year average for this time of year, the EIA said. The decrease was above Macquarie's estimate of a 2.5-mmbbl draw for the week ended July 24.

Wire14d ago

SuperCom Wins New Electronic Monitoring Contract in New York

SuperCom (SPCB) said Wednesday it was awarded a county-level electronic monitoring contract in New York.Under the contract, the company said it will deploy its PureOne platform by September to support the county's electronic monitoring initiative.The contract follows a recurring revenue model based on daily active units and is the sixth award in New York since mid-2024, the company said.Shares of the company were up more than 2% in Wednesday trading.Price: $10.71, Change: $+0.22, Percent Change: +2.10%

$SPCB

Wire14d ago

Macquarie Adjusts Price Target on Core Scientific to $38 From $35, Maintains Outperform Rating

Core Scientific (CORZ) has an average rating of buy and mean price target of $35.51, 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: $19.09, Change: $-1.66, Percent Change: -8.00%

$CORZ

Wire14d ago

Criteo Completes Luxembourg Redomiciliation, Approves Plan for US Domicile

Criteo (CRTO) said Wednesday it completed the transfer of its legal domicile from France to Luxembourg via a cross-border conversion, effective Wednesday.In connection with the conversion, Criteo terminated its American depositary share program, with each holder of ADSs receiving one ordinary share per ADS, the company said.The ordinary shares will begin trading directly on Nasdaq under the ticker symbol "CRTO" upon market open Wednesday, the company added.Following the conversion and the completion of its works council consultation, the board approved the transfer of the company's legal domicile from Luxembourg to the United States, which will be carried out via a cross-border merger with and into a wholly owned US subsidiary, Criteo said.The US merger is subject to shareholder approval and other conditions, and is expected to be completed in January 2027.Criteo said it expects to move the listing of its common stock from Nasdaq to the New York Stock Exchange, effective upon completion of the US merger and subject to applicable listing requirements.Price: $21.69, Change: $+0.54, Percent Change: +2.55%

$CRTO

Wire14d ago

Titan Mining Has Preliminary Accord to Supply Graphite Products to US Manufacturer

Titan Mining (TII) unit Empire State Mines has a nonbinding letter of intent to supply natural graphite products from its planned Kilbourne facility in Gouverneur, New York, to an undisclosed US aerospace and defense manufacturer.The agreement remains subject to conditions including completion of a feasibility study, securing project financing and obtaining regulatory approvals, Titan said Wednesday in a statement.Price: $1.94, Change: $-0.02, Percent Change: -1.28%

$TII

Wire14d ago

Smith+Nephew's TESSA Spatial Surgery System Gets US FDA De Novo Classification

Smith+Nephew (SNN) said Wednesday it has obtained De Novo classification by the US Food and Drug Administration for its TESSA spatial surgery system.The system uses computing and AI technology to support personalized planning, augmented reality, advanced imaging and other features to back arthroscopic procedures, the company said.The system's first indication for use is femoral anterior cruciate ligament reconstruction surgery of the knee, according to the company.The system will be launched in Q3 2026 and will see wider deployment next year, the company said.Price: $32.54, Change: $-0.03, Percent Change: -0.08%

$SNN

Wire14d ago

Moleculin Biotech Files Registration Statement for Public Offering; Shares Fall

Moleculin Biotech (MBRX) filed a registration statement Wednesday with the US Securities and Exchange Commission for the sale of shares and warrants to raise net proceeds of an estimated $9.1 million.The company said it proposes to sell up to 4.6 million common shares at an assumed offering price of $2.19 apiece. It is also offering 4.6 million prefunded warrants and 13.7 million common warrants.Each share is being offered together with three common warrants, each to purchase one share of common stock, the company said.Moleculin said it intends to use the net proceeds to advance its Annamycin chemotherapy drug through clinical development and for working capital.The offering is expected to close on Aug. 14, the company said.Shares of the company were down 36% in Wednesday trading.Price: $1.38, Change: $-0.81, Percent Change: -36.99%

$MBRX

Wire14d ago

Wedbush Adjusts Damora Therapeutics Price Target to $40 From $35, Maintains Outperform Rating

Damora Therapeutics (DMRA) has an average rating of Buy and mean price target of $44.11, according to analysts polled by FactSet.Price: $29.32, Change: $-0.10, Percent Change: -0.34%

$DMRA

Wire14d ago

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

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