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Market Chatter: Trump Threatens to Hit Iran Hard After 'Surprise' Attacks

President Donald Trump has threatened to hit Iran hard following "surprise" attacks on US targets in the Middle East, Fox News reported, citing an interaction with Trump.Trump said the US will be "hitting them hard," Fox News reported.In a social media post on Tuesday, the US Central Command said Iran's Islamic Revolutionary Guard Corps launched multiple ballistic missiles targeting US forces based in the Middle East. Centcom posted on X that at 5:45 p.m. ET on Wednesday, the Islamic Revolutionary Guard Corps forces launched multiple ballistic missiles from Iran in an attempted surprise attack on US forces based in the Middle East.The IRGC strikes were aimed at a US airbase and a Central Command center in Jordan, Al Jazeera reported, citing an IRGC statement cited by Iran's IRIB broadcaster. On Tuesday, the US Central Command and Saudi Arabian Armed Forces carried out precision strikes in Iraq targeting "Iran-aligned terrorists" who were used by the IRGC to attack US forces and Saudi energy infrastructure, the Centcom said in a statement."US and Saudi fighter aircraft struck multiple terrorist logistics and weapons sites across eastern Iraq in a strong response to over 30 IRGC-directed aerial drone attacks in the last 72 hours," the statement said.According to Al Jazeera, the strikes resulted in the death of at least 20 members of the Popular Mobilization Forces of Iraq, while 32 members sustained injuries.(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.)

International14d ago

Fed Chair Warsh Says 'There is no Soft Inflation Target. There is no Soft Implicit Target,' Only the 2% Target

US Markets14d ago

Fed Holds Rate Steady as Three Officials Call For Policy Tightening

The Federal Reserve held its policy rate steady in a divided decision that included three officials calling for policy tightening.The central bank's Federal Open Market Committee maintained the target range for the federal funds rate at 3.50% to 3.75%, marking its fifth consecutive pause.Three regional Fed presidents dissented with the majority at the meeting; Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas. All three preferred to raise interest rates by a quarter percentage point, the FOMC said Wednesday.Ahead of the Fed decision, UBS Securities projected three dissenting votes as a base case.The committee reiterated its pledge to "deliver price stability" as inflation remained above the 2% target amid supply shocks.US consumer prices fell last month for the first time in more than six years amid lower energy costs, though crude prices have rebounded this month due to renewed hostilities between the US and Iran.The FOMC said "job gains have kept pace with the workforce, and the unemployment rate has changed little," repeating its views from the June policy statement.Official data released earlier this month showed the US economy added fewer jobs than expected in June, while economists said downward revisions to payrolls growth in the previous two months clouded a recent revival in the labor market.Economic activity continued to expand at a "solid" pace, even as uncertainty remained elevated amid the Middle East conflict, the FOMC said Wednesday.Policymakers' next meeting is scheduled for Sept. 15-16.

Wire14d ago

Update: FTC Suing Hims & Hers for Allegedly Sharing User Data With Meta, Snap

(Updates with Hims' official statement in the third paragraph.)Hims & Hers Health (HIMS) is being sued by the US Federal Trade Commission, the State of California, and the Utah Division of Consumer Protection, for allegedly sharing users' data with Meta Platforms (META), Snap (SNAP) and other online advertising companies, court documents show.The suit, filed in the US District Court for the Northern District of California, also alleges Hims charged consumers unwanted prescription medication subscriptions without their consent, and enrolls consumers in subscription plans "almost immediately after receiving consumers' medical intake forms.""This lawsuit disregards substantial evidence we provided the FTC during its nearly three-year investigation, ignores established state laws and industry standards in telehealth, and contorts the law to try to manufacture claims," Hims said on X. "This is not enforcement grounded in consumer protection; it is an effort to generate headlines at our expense. We are confident in our position and will vigorously defend ourselves against these baseless claims."Hims & Hers shares were down over 11% in Wednesday trading.Price: $25.68, Change: $-3.65, Percent Change: -12.43%

$HIMS$META$SNAP

Wire14d ago

Baker Hughes Shares Rise After Major Gas Turbine Order Secured From Dynamis Power Solutions

Baker Hughes (BKR) shares were up 2.5% in afternoon trading on Wednesday after the company said it secured a major order for 76 NovaLT 16 gas turbines from Dynamis Power Solutions.The gas turbines, which will be paired with gearboxes and generators, total around 1.3 gigawatts of mobile power generation and will be used for data center projects as well as oil and gas applications, the company said.Financial terms of the deal were not provided.Price: $59.94, Change: $+1.48, Percent Change: +2.53%

$BKR

Wire14d ago

Update: Manhattan Associates Shares Rise After Q2 Beat

(Updates with the company's latest stock move in the headline and in the first paragraph, analyst upgrade in the seventh paragraph.)Manhattan Associates (MANH) shares were up 23% in Wednesday trading after the company reported better-than-expected Q2 results late Tuesday.The company posted quarterly adjusted earnings of $1.39 per diluted share, up from $1.31 a year earlier.Analysts polled by FactSet expected $1.32.Revenue for the quarter ended June 30 was $297.8 million, up from $272.4 million a year earlier.Analysts expected $287.7 million.For 2026, the company expects adjusted EPS of $5.44 to $5.50 on revenue of $1.16 billion to $1.17 billion. Analysts expected $5.37 on revenue of $1.15 billion.Additionally, Loop Capital raised its rating on Manhattan Associates' stock to buy from hold and adjusted its price target to $215 from $150.Price: $206.95, Change: $+38.78, Percent Change: +23.06%

$MANH

Commodities14d ago

Uniper, Ksi Lisims LNG Sign 20-Year Canadian LNG Supply Deal

German utility Uniper agreed to buy 2 million metric tons of Canadian liquefied natural gas per year for 20 years from the proposed Canadian Ksi Lisims LNG project to be built in British Columbia, Uniper said in a Wednesday statement.The agreement represents the first major, long-term LNG supply agreement between Germany and Canada.Deliveries are expected to begin around 2032 from the 12 million mt per annum floating Ksi Lisims LNG project, which is designed to produce lower-carbon LNG using electricity generated from the province's hydroelectric resources.The project is being co-developed with the Nisga'a Nation, an Indigenous First Nations community in British Columbia.Uniper said the agreement reflects growing cooperation between Canada and Germany on energy security and the transition toward lower-emission energy sources.

International14d ago

Fed Holds Rates Steady in 9-3 Vote, Keeps Policy Statement Largely Unchanged

The Federal Open Market Committee maintained its target range for the federal funds rate at 3.50% to 3.75% on a 9-3 vote Wednesday afternoon, making few changes to its policy statement from the prior meeting.Cleveland Federal Reserve President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan all dissented, preferring to raise the target range by 25 basis points.The statement's only change was to note that the FOMC "is continuing its policy of maintaining ample reserves in the banking system," after saying it "reaffirmed" that policy at the prior meeting."The committee will deliver price stability," the statement repeated, while again citing solid economic expansion, elevated uncertainty and inflation still above the 2% goal.There was no update to the Summary of Economic Projections at this meeting.

Mining & Metals14d ago

Happy Belly Food Group to Open Its Newest Heal Wellness Location in Georgetown, Ontario

Happy Belly Food Group (HBFG.CN) will be opening its newest Heal Wellness location in Georgetown, Ontario, on Aug. 1, it said Wednesday.Heal Wellness is a quick-service restaurant brand, added the company."With 46 locations open after this grand opening, and more than 162 in development, Heal remains a key driver of growth within Happy Belly's broader portfolio of 686 contractually committed retail franchise locations across multiple emerging brands in various stages of development, construction, and operation," said Chief Executive Officer Sean Black.Shares of the company were last seen down C$0.03 at C$1.57 on the Canadian Securities Exchange.Price: $1.58, Change: $-0.02, Percent Change: -1.25%

$HBFG.CN

Wire14d ago

Update: Cognizant Technology Solutions Shares Rise After Q2 Results

(Updates with the company's latest stock move in the headline and in the first paragraph.)Cognizant Technology Solutions (CTSH) shares were up 12% in Wednesday trading after the company reported higher Q2 adjusted earnings and revenue.The company posted quarterly adjusted earnings of $1.37 per diluted share, up from $1.31 a year earlier.Analysts polled by FactSet expected $1.38.Revenue for the quarter ended June 30 was $5.48 billion, up from $5.25 billion a year earlier.Analysts polled by FactSet expected $5.48 billion.The company expects Q3 revenue of $5.60 billion to $5.68 billion.Analysts polled by FactSet expect $5.70 billion.For 2026, the company now expects adjusted earnings of $5.70 to $5.82 per diluted share, compared with its previous guidance of $5.63 to $5.77.Analysts expect $5.70.The company now expects 2026 revenue of $22.04 billion to $22.35 billion, compared with its previous guidance of $22.11 billion to $22.64 billion.Analysts expect $22.28 billion.Price: $56.57, Change: $+6.26, Percent Change: +12.44%

$CTSH

Wire14d ago

Top Midday Decliners

Parsons (PSN) shares sank 37% amid heavy trading after the company reported a Q2 adjusted loss and cut its 2026 revenue guidance on Wednesday.Intraday trading volume jumped to nearly 8.69 million from a daily average of over 1.17 million.Bandwidth (BAND) reported a decline in Q2 non-GAAP net income and lowered its full-year 2026 non-GAAP EPS guidance, taking the shine off its Q2 revenue beat.Shares sank 27%, with intraday trading volume rising to over 2.90 million from a daily average of more than 1.43 million.Lennox International (LII) reported Q2 revenue below market expectations and lowered its full-year 2026 earnings outlook, taking the shine out of its adjusted earnings beat.Shares declined 19%, with intraday trading volume at 1.21 million compared with the stock's daily average of about 419,000.Price: $39.27, Change: $-22.76, Percent Change: -36.69%

$BAND$LII$PSN

Wire14d ago

ACNB Keeps Quarterly Dividend at $0.42 a Share, Payable Sept. 15 to Holders of Record Sept. 1

$ACNB

International14d ago

FOMC Still Says Committee to 'Deliver Price Stability,' Repeats Previous FOMC Statement

Mining & Metals14d ago

Full Circle Lithium Partners With Company in Vietnam to Distribute Lithium-Ion Fire Suppression Products

Full Circle Lithium (FCLI.V) on Wednesday said it is partnering with a company in Vietnam to exclusively distribute its complete portfolio of FCL-X lithium-ion battery fire suppression products.FCL-X, which manufactures a water-based lithium-ion battery fire extinguishing agent, said FireFront Vietnam is a fire protection company that delivers advanced fire suppression technologies.Vietnam has recently experienced several significant lithium-ion battery-related fires, a statement said.Full Circle Lithium shares were last seen up C$0.005 to C$0.395 on the TSX Venture Exchange.Price: $0.40, Change: $+0.01, Percent Change: +1.28%

$FCLI.V

Wire14d ago

Schneider National Keeps Quarterly Dividend at $0.10 a Share, Payable Oct. 9 to Holders of Record Sept. 11

$SNDR

Insider Trading14d ago

Old National Bancorp Insider Sold Shares Worth $533,192, According to a Recent SEC Filing

Nicholas J Chulos, Chief Legal Officer & Corporate Secretary, on July 28, 2026, sold 20,000 shares in Old National Bancorp (ONB) for $533,192. Following the Form 4 filing with the SEC, Chulos has control over a total of 108,436 common shares of the company, with 53,544 shares held directly and 54,892 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/707179/000070717926000047/xslF345X05/form4.xmlPrice: $26.76, Change: $-0.13, Percent Change: -0.48%

$ONB

Wire14d ago

General Dynamics Raises Earnings Outlook Following Second-Quarter Beat

General Dynamics (GD) reported fiscal second-quarter results ahead of Wall Street estimates and increased its full-year earnings guidance amid strong order activity.Earnings grew to $4.24 a share in the quarter through July 5 from $3.74 a year earlier, ahead of the Street's projections for $3.96. Revenue rose 8.1% to $14.09 billion, surpassing the $13.52 billion modeled by analysts.For fiscal 2026, the aerospace and defense company raised its EPS outlook to between $16.80 and $16.90 from its prior range of $16.45 to $16.55. Analysts polled by FactSet are looking for $16.77."Our businesses delivered solid results in the quarter, with revenue growth across all four segments -- including double-digit increases in revenue and noteworthy margin expansion in aerospace and marine systems," Chief Executive Phebe Novakovic said in an earnings release Wednesday.Second-quarter orders totaled $20 billion, including $5.3 billion for the aerospace segment. The company saw "the strongest first half for orders for aerospace since 2022, (reflecting) very solid demand across the entire Gulfstream product line," Chief Financial Officer Kimberly Kuryea said on an earnings call, according to a FactSet transcript.Morgan Stanley expected increasing global defense spending to serve as a tailwind for General Dynamics. "The (Trump) administration's emphasis on shoring up the US shipbuilding industry in particular also bodes well for (General Dynamics') marine business, though improvements will take time to materialize," the brokerage said in a note to clients e-mailed July 15.Last week, other key industry players RTX (RTX), Lockheed Martin (LMT) and Northrop Grumman (NOC) raised their full-year guidance and posted second-quarter sales ahead of the Street's views.General Dynamics reported a 10.4% operating margin for the second quarter versus 10.5% in the linking quarter.The sequential decline came "despite the fact that operating margins by line of business all improved," President Danny Deep said on the call Wednesday. "This is attributable to a slightly disadvantageous mix, plus a modest increase in both (general and administrative expenses) and (research and development)."Price: $390.43, Change: $-2.76, Percent Change: -0.70%

$GD$LMT$NOC$RTX

Mining & Metals14d ago

EcoSynthetix Reports Q2 Net loss

EcoSynthetix (ECO.TO) reported a second-quarter net loss per share of $0.01 compared with breakeven per share a year earlier, the company said late Tuesday.Net sales fell to $4.5 million for the three months ended Jun 30, 2026, compared with $5 million, a year-ago, due to lower volumes, the company said.Shares of the company were last seen down 3.9% at C$2.45 on the Toronto Stock Exchange.Price: $2.45, Change: $-0.10, Percent Change: -3.92%

$ECO.TO

Wire14d ago

Weatherford International Poised to Benefit From Post-Conflict Recovery, UBS Securities Says

Weatherford International's (WFRD) recent underperformance was due to near-term Middle East headwinds, but this pressure is temporary and a post-conflict recovery is expected to drive a meaningful acceleration in reigon activity, UBS Securities said in a note Wednesday.The brokerage said the company is also well positioned to benefit from growing offshore and deepwater development activity, while improving Pemex collections support higher cash flow.The pending NCSM acquisition also offers value creation opportunity through cost synergies and international expansion, with the company expected to hit its more than $15 million cost synergy target in 2027, according to the note.UBS Securities upgraded Weatherford International to buy from neutral, and raised the price target to $114 from $113.Price: $83.29, Change: $-0.29, Percent Change: -0.35%

$WFRD

International14d ago

FOMC Statement Shows Three Dissents in Favor of Rate Increase

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Wire14d ago

General Dynamics Raises Earnings Outlook Following Second-Quarter Beat

$GD$LMT$NOC$RTX