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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

Wire20d 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

Wire20d 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

Wire20d 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

Wire20d 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 Markets20d 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

Commodities20d 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.

Wire20d 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

Wire20d 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 Markets20d 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 & Metals20d 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

Commodities20d ago

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.

Treasury20d 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

Sectors20d 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.

Wire20d 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 & Metals20d 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

Research20d ago

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

$NEOV

Commodities20d 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.

Wire20d 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

Wire20d 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

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