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Community Trust Boosts Quarterly Dividend to $0.65 a Share From $0.53; Payable Oct. 1 to Holders of Record as of Sept. 15

Wayfair Category Trends Remain Stable, but Weakening Consumer Backdrop Prompts Caution on H2 Prospects, RBC Says

Wayfair's (W) overall category trends appear to have remained stable quarter-to-date, but signs of a weakening consumer backdrop could result in some caution on second-half prospects, RBC Capital Markets said Wednesday.The company is scheduled to report Q2 results on Aug. 4.RBC raised its Q2 net sales growth estimate to 6.0% from 3.7%, versus Street consensus of 5.4% and guidance of mid-single-digit growth.Given the category momentum, the brokerage raised its Q3 net sales growth estimate to 4.5% from 3.9%, while maintaining its Q4 net sales estimate at 3.9%, compared with a consensus estimate of 5.1%, as recent data suggests increasing consumer stress, according to the note.Management guided for a gross margin of 29.5% to 30.5% as the rewards program continues to ramp, according to the note. However, the brokerage believes Q2 gross margin will likely come in below 30%, as it considers that level optimal for maximizing EBITDA, the note added.RBC kept a sector perform rating on Wayfair and raised its price target to $78 from $76.Shares of Wayfair were down more than 5% in Wednesday trading.Price: $88.79, Change: $-5.75, Percent Change: -6.08%

Wire17d ago

American States Water Raises Quarterly Dividend to $0.5455 from $0.5040 a Share, Payable Sept. 2 to Holders of Record Aug. 17

$AWR

Wire17d ago

Kenvue Increases Quarterly Dividend to $0.21 from $0.2075 a Share; Payable Aug. 26 to Holders of Record Aug. 12

$KVUE

Commodities17d ago

Ofgem Proposes Strict Commitment Fees to Clear Speculative Data Centres from UK Grid Queue

Ofgem on Wednesday introduced major regulatory reforms targeting a surge in speculative data center grid connection applications that have tripled demand to 125 gigawatts to free up scarce network capacity.Driven largely by data center applications, the national demand connection queue surged from 41 GW to 125 GW in under a year, with data centers accounting for at least 80 GW.To protect consumers and clear grid capacity for viable projects, the regulator is proposing a Data Center Commitment Fee ranging from 237,500 British pounds ($315,875) to 712,500 pounds per megawatt, representing 2.5% to 7.5% of average project costs, which will be refunded upon energization or forfeited if a project exits early.Alongside the financial deterrent, the consultation introduces stringent queue management milestones requiring developers to demonstrate tangible commercial maturity, financial capability, and procurement activity, it said.The consultation remains open for public and market feedback until Sept. 16.

Wire17d ago

Magnolia Oil & Gas Declares Previously Announced Raised Quarterly Dividend of $0.18 per Share, Payable Sept. 1 to Holders of Record Aug. 10

$MGY

Wire17d ago

HCW Biologics Prices $1.6 Million Private Placement Offering

HCW Biologics (HCWB) said Wednesday it has priced an offering of 618,682 units to a group of investors, including officers, directors and an existing stockholder, to raise $1.6 million.Each unit consists of one share, or, in lieu thereof, one pre-funded warrant to buy one share, and the right to receive one warrant to purchase one share, the firm said. The price for each unit with one share and the right for one warrant was $2.585 per unit.HCW said it plans to use the net proceeds for clinical trials and for general corporate purposes.Price: $2.44, Change: $-0.15, Percent Change: -5.61%

$HCWB

Commodities17d ago

Update: US Weekly Ethanol Production Rose, EIA Says

(Updates with additional details.)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.Midwest ethanol production averaged 1.07 mmb/d, up from 1.04 mmb/d the previous week. Four-week average output was 1.03 mmb/d, almost equal to a year ago.Domestic ethanol inventories ended the week at 24.7 mmbbls, up from 24.5 mmbbls a week ago and equal to a year ago.

Commodities17d ago

Correction: US Crude Inventories Seen Falling as Exports Rise, SPR Draw Slow, Macquarie Says

(Correction with forecast figure in first sentence)Weekly US crude inventory data from the Energy Information Administration is forecast to show a 2.5-million-barrel draw for the week ending July 24, Macquarie strategists said in a weekly note on Monday, following a 2 million-barrel build the previous week.Crude runs are projected to edge higher to about 17.1 million b/d. Crude exports are projected to rise by 400,000 b/d, while imports are projected to decrease by 200,000 b/d."Timing of cargoes remains a source of potential volatility in the weekly crude balance," Macquarie strategists said.Macquarie projected that domestic supply, which includes production, adjustments, and transfers, rose by 200,000 b/d for the week ended July 24, while stocks in the Strategic Petroleum Reserve dropped by 3.7 million bbls.On the products front, gasoline inventories are forecast to rise by 300,000 b/d, while distillate stocks and jet fuel inventories rose by 500,000 b/d and 100,000 b/d, respectively.Macquarie forecasts the combined implied demand for gasoline, distillates, and jet fuel at about 14.5 mmb/d.

Asia17d ago

Aeon Mall Fully Cooperating With Authorities as Earthquake, Explosion at Aeon Mall Kumamoto Claims Three Lives

Aeon Mall (TYO:8905) said Wednesday it is fully cooperating with relevant authorities and providing support to those affected by the Kumamoto earthquake in Japan on Tuesday.In an emailed statement to, the Aeon Mall Kumamoto owner confirmed an explosion incident at the property after a 7.1-magnitude earthquake hit the prefecture.Japan government spokesperson Minoru Kihara was quoted by Reuters as saying Wednesday that an investigation is underway over a possible gas explosion at the mall after rescuers reported smelling gas inside the property.As of Wednesday afternoon, the company reported three fatalities, five injuries, one cardiac arrest, and three who are still unaccounted for. Around 2,700 employees of specialty stores at the mall were safe.

TYO:8905

Wire17d ago

Jefferies Adjusts Price Target on PPG Industries to $125 From $116, Maintains Hold Rating

PPG Industries (PPG) has an average rating of overweight and mean price target of $126.70, 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: $112.07, Change: $-6.95, Percent Change: -5.84%

$PPG

Wire17d ago

Roth Capital Adjusts Price Target on Expand Energy to $93 From $92, Maintains Neutral Rating

Expand Energy (EXE) has an average rating of buy and mean price target of $126, 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: $92.32, Change: $+3.80, Percent Change: +4.29%

$EXE

Wire17d ago

AppLovin Q2 Results Poised to Top Guidance, Consumer Growth Expected to Take Time, Wedbush Says

AppLovin (APP) is expected to deliver Q2 results above its guidance, supported by continued strength in its gaming business and steady progress in its consumer platform, although investors should remain patient as the company's self-serve advertising business scales, Wedbush Securities said in a Wednesday note.The brokerage expects AppLovin to report Q2 revenue of about $1.97 billion and adjusted EBITDA of about $1.66 billion, exceeding the company's guidance and to forecast 4% to 6% sequential revenue growth for Q3.According to the note, concerns about the pace of new advertiser signups on AppLovin's self-serve platform are overstated, with higher spending by existing advertisers expected to remain the primary driver of revenue growth as onboarding continues over the coming weeks before moderating.Looking beyond the quarter, Wedbush said advertiser spending and retention are more important than signup growth, adding that competitive concerns related to Unity appear overstated and that a strong Q3 outlook or broader consumer platform adoption could improve investor sentiment.Wedbush maintained its outperform rating on the stock and raised its price target to $640.Shares of AppLovin declined more than 2% in Wednesday trading.Price: $406.30, Change: $-11.92, Percent Change: -2.85%

$APP

Wire17d ago

Xometry Likely to Post Upside to Q2 Headline Numbers, RBC Capital Markets Says

Xometry (XMTR) is positioned to report upside to Q2 headline numbers, but revenue beat could be lower than the Q1 level, RBC Capital Markets said in a Wednesday research report.The company has navigated well through a tariff environment as management continues to highlight business resiliency, according to the note.The brokerage said Xometry has an opportunity to create a more efficient manufacturing ecosystem and that its total addressable market should expand over time. The company is due to report Q2 results on Aug. 4.The brokerage said it reiterated its sector perform rating on the stock and price target of $85 per share.Price: $81.67, Change: $-1.32, Percent Change: -1.60%

$XMTR

Asia Markets17d ago

European Equities Traded in US as ADRs Ease in Wednesday Trading

European equities traded in the US as American depositary receipts eased late Wednesday morning with the S&P Europe Select ADR Index down 0.1% to 1,906.06.From continental Europe, the gainers were led by oil and gas company Eni (E) and energy company Equinor (EQNR), which climbed 6.9% and 6.2%, respectively. They were followed by software firm SAP (SAP) and travel-booking company trivago (TRVG), which increased 3% and 2.6%, respectively.The decliners from continental Europe were led by semiconductor company Sequans Communications (SQNS) and telecommunications company Nokia (NOK), which fell 4.8% and 3.6%, respectively. They were followed by lenders Banco Santander (SAN) and Banco Bilbao Vizcaya Argentaria (BBVA), which dropped 2.5% and 2.3%, respectively.The gainers from the UK were led by software firm Endava (DAVA) and oil and gas company BP (BP), which rose 4.2% and 3.7%, respectively. They were followed by oil and gas company Shell (SHEL) and biopharmaceutical company Amarin (AMRN), which climbed 2.5% and 2.4%, respectively.The decliners from the UK and Ireland were led by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and pharmaceutical company Silence Therapeutics (SLN), which shed 25% and 4.6%, respectively. They were followed by biopharmaceutical company Akari Therapeutics (AKTX) and lender Barclays (BCS), which lost 3.3% and 2.8%, respectively.

$AKTX$AMRN$BBVA$BCS$BDRX$BP$DAVA$E$EQNR$NOK$SAN$SAP$SHEL$SLN$SQNS$TRVG

Commodities17d ago

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

(Updated to include additional details.)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.US Strategic Petroleum Reserve inventories dropped to 307.7 mmbbls in the week ended July 24, down from 311.4 mmbbls a week earlier, marking a weekly decline of 3.8 mmbbls, EIA data showed.Crude oil input to refineries increased by 271,000 barrels per day from the previous week to average about 17.3 million b/d in the week ended July 24. Crude oil production dropped by 2,000 b/d to 13.8 million b/d. Commercial crude imports decreased by 124,000 b/d to average about 5.7 million b/d.Total motor gasoline stockpiles remained unchanged from the previous week to 211.3 mmbbls, while distillate stocks increased slightly by 1.1 mmbbls to 110.6 mmbbls, the agency said.

Wire17d ago

Market Chatter: Carlyle, Energean Among Bidders for BP Assets Off Egypt

Carlyle (CG), Energean, Dragon Oil, and Artemis Energy are among the companies that are anticipated to bid for BP's (BP) West Nile Delta natural gas development off Egypt this week, Reuters reported Wednesday, citing three sources familiar with the sale process.Details related to the potential bids were not immediately available, according to the Reuters report.Carlyle, BP, Energean, Dragon Oil, and Artemis Energy 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: $45.03, Change: $-1.44, Percent Change: -3.10%

$BP$CG

Wire17d ago

Owens Corning Appoints Jonathan Collins as Chief Financial Officer

Owens Corning (OC) said Wednesday it appointed Jonathan Collins as its executive vice president and chief financial officer, effective Aug. 10.He succeeds Todd Fister, who will assume the role of president and chief operating officer following a planned transition from his dual responsibilities as chief financial and operating officer, the company said.Collins most recently served as chief financial officer at Clarivate, Owens Corning said.Shares of the company were down 5.7% in Wednesday trading.Price: $135.26, Change: $-7.87, Percent Change: -5.50%

$OC

Asia Markets17d ago

Asian Equities Traded in the US as American Depositary Receipts Track Lower in Wednesday Trading

Asian equities traded in the US as American depositary receipts were tracking lower Wednesday morning, declining 0.84% to 2,853.03 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by education company Four Seasons Education (FEDU) that rose 7% and mobile big data platform Aurora Mobile (JG), which rose 6%. They were followed by electric vehicle maker NIO (NIO), which was up 4%.The decliners from North Asia were led by real estate management and digital security firm Eason Technology (DXF) and automotive marketplace Token Cat (TC), which dropped 9% and 5.6% respectively. They were followed by internet and data center services provider VNET Group (VNET) and biopharmaceutical company Zai Lab (ZLAB), which lost 5.9% and 2.5% respectively.From South Asia, the gainers were led by IT firm Wipro (WIT) and tech conglomerate Sea (SE), which advanced 1.7% and 0.5% respectively. They were followed by lender HDFC Bank (HDB) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which increased 0.8% and 0.7% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and IT firm Sify Technologies (SIFY), which fell 2% and 0.8% respectively. They were followed by lender ICICI Bank (IBN) and telecommunications operator Telekomunikasi Indonesia (TLK), which were off 1% and 0.5% respectively.

$CAN$DXF$FEDU$HDB$IBN$JG$NIO$RDY$SE$SIFY$TC$TLK$VNET$WIT$ZLAB

Mining & Metals17d ago

Copper Fox Metals Raises C$2.6 Million Via Non-Brokered Private Placement

Copper Fox Metals (CUU.V) closed its non-brokered private placement raising C$2.6 million, it said late Tuesday.The offering consisted of the issuance of 4.3-million shares at C$0.60 apiece. Proceeds will be used to continue exploration and development activities on its 100% owned projects and for general corporate and administrative needs, it said.Four insiders of the company subscribed to a total of 3.1-million shares.Shares of the company were last seen down 1.8% at C$0.55 on the TSX Venture Exchange.Price: $0.55, Change: $-0.01, Percent Change: -1.79%

$CUU.V

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