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Bitzero to Raise $25 Million in a Private Placement

Bitzero Holdings (AIBZ-U.CN, AIBZ) on Wednesday said it entered into a securities purchase agreement with certain institutional investors in respect of a private placement for about $25 million.The company will place 5.8-million special warrants at $4.25 apiece. Each five-year warrant will be exercisable immediately to buy a share for $5.00.Proceeds will be used for the repayment of certain outstanding indebtedness, continued development of its product and service offerings, potential future acquisitions, working capital and general corporate needs, it said. The company has also agreed to enter into a registration rights agreement with these investors.Shares of the company were last seen up 2.2% at $5.10 on the Canadian Securities Exchange.Price: $5.10, Change: $+0.11, Percent Change: +2.20%

$AIBZ$AIBZ-U.CN

Wire19d ago

Boeing to Gain From Higher Output, Certifications, Cash Flow, RBC Says

Boeing (BA) could benefit from higher aircraft production, stronger free cash flow, upcoming certifications and improving defense results, RBC Capital Markets said in a note emailed Wednesday.Boeing's better-than-expected Q2 free cash flow gives the company a stronger chance of reaching the upper end of its roughly $2 billion 2026 forecast, RBC said.The investment firm expects Boeing to keep raising 737 MAX production, with output moving toward 47 aircraft per month and a later increase to 52 becoming more likely.Certification of the MAX 7 and MAX 10 by the end of 2026 could support the stock, while further progress on the 777X could also improve investor confidence, RBC said, adding that Boeing's defense business is expected to become less risky over time as major programs advance, although the recent $280 million VC-25 charge was higher than expected.RBC kept the company's outperform rating and lowered the price target to $265 from $275.Price: $210.63, Change: $-10.94, Percent Change: -4.94%

$BA

International19d ago

Latest US Tariffs Threats to Create Uneven Effects Across Sectors of Canada's Economy, National Bank Says

Last week's US tariff threats would raise Canada's export tariff burden, but their impact remains uneven across industries and regions, National Bank of Canada said in a Wednesday note.A broad tariff increase doesn't imply an equally large impact across all sectors, as exemptions for many Canadian natural resource exports mean the national average understates where the economic effects are likely to be concentrated, said National Bank."The proposed measures would concentrate the tariff shock on a group of manufacturing industries," wrote the bank's strategist Ethan Currie and Deputy Chief Economist Matthieu Arseneau in the note.Apparel and textiles, non-metallic minerals, and electrical equipment would face larger effective tariff increases than primary metals and fabricated metal products, which are already subject to trade restrictions, National Bank added. The regional impact would also vary, with Central Canada, British Columbia, and Nova Scotia likely to see the largest increases due to differences in export exposure and industrial composition.Targeted trade barriers could still weigh on exposed sectors and regions, reducing exports, investment, and market share despite Canada's relatively low overall tariff burden, the bank said.The one-month implementation delay suggests tariff threats from the United States may be part of a broader negotiating strategy, but risks to vulnerable industries remain. Renewed trade uncertainty could weigh on Canadian business confidence and export sentiment, according to National Bank.

$CXY

Wire19d ago

Deutsche Bank Adjusts CVS Health Price Target to $116 From $92

CVS Health (CVS) has an average rating of overweight and mean price target of $112.71, 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: $107.19, Change: $-2.15, Percent Change: -1.97%

$CVS

Wire19d ago

Xylem's Guidance Boost Driven by Buybacks, Bolt-On Acquisition, RBC Says

Xylem (XYL) raised its full-year profit outlook after posting a second-quarter operating beat, as strength in municipal water demand and industrial markets offset delays in electric meter deployments, RBC Capital Markets said in a note Tuesday.The company also deployed capital toward growth, closing a roughly $200 million deal for WaterFleet, a mobile water treatment business tied to AI-related end markets such as data centers, semiconductors and power generation, and repurchasing about $648 million of shares in the quarter, according to the note.The bank said Xylem's Water Solutions and Services unit also booked a large outsourced water contract with a major chemical company, marking its second big such win in as many quarters.RBC rates the stock Outperform and raised the price target to $164 from $159.Price: $122.64, Change: $-2.33, Percent Change: -1.87%

$XYL

Oil & Energy19d ago

US Hits Iran's Hormuz Shipping Network, Shadow Fleet With New Sanctions

The US sanctioned two Iranian companies that charge for safe passage through the Strait of Hormuz and eight tankers linked to the country's crude exports, accusing the Islamic Revolutionary Guard Corps-backed network of operating an extortion scheme, the Treasury Department said on Wednesday.Treasury's Foreign Assets Control said the sanctions target the Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority, which allegedly force vessels to buy mandatory maritime "insurance" to transit Hormuz."The United States will not allow Iran to hold global commerce hostage or use international shipping to finance the IRGC's terrorism, aggression, and repression," US Secretary of the Treasury Scott Bessent said in a statement.Treasury said that HormuzSafe accepted payments in Bitcoin and other digital assets to help circumvent Western sanctions. The US alleged that the company was generating revenue for the IRGC while giving Tehran greater control over shipping activity in the strategic waterway.The US also targeted eight companies operating in Iran's petroleum sector and identified eight tankers as blocked property.OFAC said that the vessels had transported millions of barrels of Iranian crude oil and petroleum products, primarily to China and the UAE.The Department has blacklisted more than 100 vessels linked to Iran's so-called "shadow fleet" since the beginning of the year.

Wire19d ago

Stifel Nicolaus Adjusts Biogen Price Target to $242 From $214

Biogen (BIIB) has an average rating of overweight and mean price target of $230.32, 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: $211.30, Change: $+5.69, Percent Change: +2.77%

$BIIB

Wire19d ago

Goldman Sachs Adjusts Price Target on Cognizant Technology Solutions to $70 From $75

Cognizant Technology Solutions (CTSH) has an average rating of overweight and mean price target of $59.39, 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: $55.79, Change: $+5.48, Percent Change: +10.89%

$CTSH

Commodities19d ago

WEC Energy Q2 Electricity Sales Drop on Lower Wholesale, Resale Volumes

WEC Energy (WEC) reported Q2 earnings Wednesday, showing electricity sales of 10.2 million megawatt-hours, down from 10.7 million MWh a year earlier.Retail electricity sales increased to 9 million MWh for the quarter ended June 30, up from 8.7 million MWh a year earlier.Residential sales declined to 2.5 million MWh for the quarter, compared with 2.6 million MWh for the same quarter last year.Small commercial and industrial sales remained broadly flat at 3.1 million MWh, while large commercial and industrial electricity sales rose to 3.3 million MWh, up from 3 million MWh a year earlier.Wholesale sales declined to 395,100 MWh for the quarter, down from 417,700 MWh for the same quarter last year. Resale volumes fell to 770,400 MWh, down from 1.5 million MWh.Natural gas sales totaled 1,057.2 million therms, down from 1,100.5 million therms a year earlier.Retail gas sales fell to 447 million therms for the quarter, down from 497 million therms, while transportation volumes increased to 610.2 million therms, up from 604 million therms.Residential natural gas sales declined to 282 million therms, down from 320 million therms, while commercial and industrial volumes decreased to 165 million therms from 177 million therms a year earlier, WEC added.Heating degree days declined across most of WEC Energy Group's service territories during Q2, including a 20.4% drop for Wisconsin Gas and Wisconsin Electric and a 19.2% decline for Peoples Gas and North Shore Gas from a year earlier.Price: $112.45, Change: $-1.17, Percent Change: -1.03%

$WEC

Wire19d ago

Clearwater Shows 'Greenshoots' in SBS Paperboard, RBC Says

Clearwater Paper (CLW) is showing "greenshoots" in solid bleached sulfate, or SBS, paperboard following its Q2 results, RBC Capital Markets said in a Wednesday note.The note said its Q2 adjusted EBITDA was below consensus but within the company's guidance range, while the mid-point of Q3 guidance was above consensus.The report said the SBS paperboard showed "somewhat" improving conditions although benchmark price increases will take time to follow through amid some costs pressures."We expect supply-demand balance will likely continue to improve somewhat on lower imports and substitution between paperboard grades," the note said."We continue to view the stock as cheap," it said. RBC raised its price target to $21 from $19 and kept its outperform rating.Price: $21.37, Change: $+3.86, Percent Change: +22.04%

$CLW

Wire19d ago

Loop Capital Adjusts Price Target on Royal Caribbean Group to $327 From $304

Royal Caribbean Group (RCL) has an average rating of overweight and mean price target of $343.68, 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: $324.42, Change: $+1.92, Percent Change: +0.60%

$RCL

Wire19d ago

Northcoast Research Adjusts Veralto Price Target to $110 From $105

Veralto (VLTO) has an average rating of overweight and mean price target of $108.69, 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: $98.35, Change: $-0.13, Percent Change: -0.13%

$VLTO

Wire19d ago

Repligen's Diversity of Growth Drivers Support Return to Mid-Teens Organic Sales Growth, RBC Says

Repligen's (RGEN) diversity of growth drivers and a strengthening bioprocess market should support a return to mid-teens organic sales growth, RBC Capital Markets said in a Tuesday note.The Q2 results and guidance boost, reflecting a stronger H2 outlook, keep the company's growth story intact, while high-teens growth in emerging biotech indicates that the rebound in customer base is sustainable, according to the note.While equipment sales in Q2 were lighter, the company pointed to robust sequential order growth while highlighting the positive implications for 2027, the analysts said.RBC reiterated its outperform rating and boosted its price target to $185 from $160.Price: $144.49, Change: $-0.85, Percent Change: -0.58%

$RGEN

Wire19d ago

UBS Adjusts Price Target on Automatic Data Processing to $276 From $270

Automatic Data Processing (ADP) has an average rating of hold and mean price target of $258.14, 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: $279.25, Change: $+15.08, Percent Change: +5.71%

$ADP

Wire19d ago

Goldman Sachs Adjusts Sherwin-Williams Price Target to $420 From $415

Sherwin-Williams Company (SHW) has an average rating of overweight and mean price target of $390.37, 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: $344.54, Change: $-9.73, Percent Change: -2.75%

$SHW

Wire19d ago

Vertical Research Adjusts Price Target on General Dynamics to $450 From $405

General Dynamics (GD) has an average rating of overweight and mean price target of $400.75, 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: $388.52, Change: $-4.67, Percent Change: -1.19%

$GD

Mining & Metals19d ago

Curaleaf Holdings to Open New Florida Dispensary in Boynton Beach

Curaleaf Holdings (CURA.TO) will open its new Florida dispensary in Boynton Beach on July 31, it said Wednesday.The new dispensary will bring the cannabis-retailer's footprint to 75 stores in Florida, and to 167 nationwide."Boynton Beach marks our sixth opening in Florida this year, with the state now representing nearly half of our retail footprint," said Chief Executive Officer Boris Jordan.The company's shares were last seen down C$0.54, or 4.4%, to C$11.58 on the Toronto Stock Exchange.Price: $11.56, Change: $-0.56, Percent Change: -4.62%

$CURA.TO$HMMJ.TO

US Markets19d ago

CBIZ Agrees to Go Private in $5 Billion Acquisition Deal

CBIZ (CBZ) agreed to be acquired by accounting and advisory firm Grant Thornton Advisors in an all-cash deal worth about $5 billion, creating one of the largest providers of professional services, tax and advisory services in the US.Shareholders of CBIZ will receive $55 per share in cash, representing a premium of roughly 54% to the professional services advisor's 30-day average price, the companies said in a joint statement on Wednesday.New Mountain Capital, which invested in Grant Thornton Advisors in 2024, will invest "incremental equity" to support the transaction, according to the statement.CBIZ's stock jumped 17% in Wednesday trade, taking its year-to-date gain to 8.3%.Following the transaction, Grant Thornton expects to become the fifth-largest provider of professional services, tax and advisory services in the US, with more than $5 billion in annual domestic revenue. The combined platform will operate across more than 20 countries, with almost $7.5 billion in revenue.The deal, which requires approval from CBIZ's shareholders and clearance from regulators, is expected to close in the fourth quarter. Following completion, the company will be delisted from the New York Stock Exchange."By combining our multinational platform with CBIZ's strong market presence, we're broadening our ability to support businesses through every stage of growth," Grant Thornton Advisors Chief Executive Jim Peko said in a statement. "Together, we'll bring the quality, scope and capabilities clients need to navigate an increasingly complex and rapidly evolving business environment."CBIZ CEO Jerry Grisko seemed to concur with Peko on the transaction enhancing service offerings for clients.Grant Thornton Advisors plans to spin off CBIZ's benefits and insurance services division. CBIZ could evaluate alternative acquisition proposals by Aug. 27.Separately, CBIZ reported second-quarter adjusted earnings of $0.91 per share, down from $0.99 the year before, but ahead of the FactSet-polled consensus of $0.72. Revenue edged down 0.2% to $682.2 million, but missed the Street's view for $698 million.The company withdrew its 2026 outlook in light of its proposed acquisition.Price: $54.70, Change: $+8.00, Percent Change: +17.13%

$CBZ

Commodities19d ago

OGE Operating Expense Rise in Q2

OGE Energy (OGE), the parent company of Oklahoma Gas and Electric Company, reported Wednesday that Q2 2026 operating expenses rose to $302.6 million from $293.9 million for the same quarter in 2025.Fuel, purchased power, and direct transmission expenses declined to $217.7 million from $261.1 million in the second quarter of 2025. Meanwhile, other operation and maintenance expenses increased to $138.7 million from $127.1 million.Depreciation and amortization expenses fell to $138.1 million from $140.6 million in the year-ago quarter, while taxes other than income edged down to $25.8 million from $26.2 million.Price: $48.16, Change: $-1.15, Percent Change: -2.32%

$OGE

Mining & Metals19d ago

S&P/TSX Composite Index Down 470 Points at Midday as the Middle East Conflict Resumes

The S&P/TSX Composite Index was down 470 points at midday Wednesday after President Trump said Tuesday night the United States will hit Iran "hard" for an attempted surprise attack on American forces in the Middle East and Saudi Arabia joined in US strikes against several sites in eastern Iraq.The energy sector is up 3%, boosted by higher oil prices, followed by telecommunications, up 1.5%.Base metals and financials are the worst performers, down 3.2% and 2.5%, respectively.Gold is down 0.7% to $4,070.50, the lowest level since last October.In stocks, Allied Gold (AAUC.TO) is 18% lower, to C$24.24, after it announced the termination of an arrangement agreement with Zijin Gold. Zijin will instead make a strategic investment of $295 million, for a 9.2% equity stake in Allied.Intact Financial (IFC.TO)is down 4% to C$292.64 after it reported lower Q2 earnings that were due to higher catastrophe losses in Canada and large losses mainly due commercial fires in the United Kingdom.

S&P/TSX CompositeS&P/TSX Composite$AAUC.TO$IFC.TO

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US Markets19d ago

CBIZ Agrees to Go Private in $5 Billion Acquisition Deal

$CBZ