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Maison Solutions Regains Compliance With Nasdaq Listing Rule

Maison Solutions (MSS) said Monday it has received a Nasdaq notice confirming that the company has regained compliance with the annual meeting requirement under its listing rule.The rule requires the firm to conduct an annual meeting of stockholders no later than a year after the end of its fiscal year, according to a statement.The matter is now closed, the company said.Price: $1.84, Change: $-0.01, Percent Change: -0.27%

$MSS

Mining & Metals20d ago

Benton Resources to Spin Out Great Burnt Project to "Accelerate" Its Development

Benton Resources (BEX.V) is spinning out several mineral projects, including its Great Burnt Project, to privately-held Silverback Metals, the company said on Monday.If the arrangement closes, Benton shareholders would have a 45% equity stake in the new company, which will be led by Silverback's management team, including Vincent Dube-Bourgeois as executive chair, and exploration geologist Chris Arsenault as chief executive officer, a statement said.The company believes that having a separately funded early-exploration business will speed up development of the Great Burnt project, which is in south-central Newfoundland and Labrador. Silverback's Sail Pond Project is also in Newfoundland.A private placement to raise up to C$10 million will also be undertaken, to ensure exploration funds. Benton will retain a 5% shareholding and a 1% uncapped net smelter return (NSR) royalty in certain claims on the project.The spin-out is expected to be completed in November.Benton sharesPrice: $0.09, Change: $+0.01, Percent Change: +6.25%

$BEX.V

Mining & Metals20d ago

Neotech Metals Begins Metallurgical Process Development Program with Dorfner ANZAPLAN

Neotech Metals (NTMC.CN) on Monday said it started a metallurgical process development program with Dorfner ANZAPLAN GmbH, which will help develop a preliminary processing flowsheet for its Hecla-Kilmer rare-earth project in Ontario.The company expects a final report after the completion of the program, which will include information on recoveries, concentrate grades, reagent consumption, and recommendations for next steps, added Neotech."Our previous metallurgical work demonstrated that the apatite-hosted mineralization at Hecla-Kilmer responds well to conventional leaching under relatively mild conditions," said Chief Executive Officer Reagan Glazier. "Our objective with ANZAPLAN is to leverage those characteristics to develop a simple, conventional processing flowsheet capable of producing a high-purity rare earth product while evaluating additional value streams from niobium, gallium, and purified phosphoric acid."Shares of the company were last seen down C$0.01, or 3.7%, to C$0.26 on the Canadian Securities Exchange.Price: $0.26, Change: $-0.01, Percent Change: -3.70%

$NTMC.CN

Asia Markets20d ago

Exchange-Traded Funds, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded fund IWM rose and IVV edged down. Actively traded Invesco QQQ Trust (QQQ) eased 0.5%.US equity indexes traded mixed amid growing investor concerns over circular corporate investments and as crude oil prices plunged after a pause in Iran strikes entered its third day.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) fell 1.6% each.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) shed 1.1%; iShares US Technology ETF (IYW) fell 0.6%, and iShares Expanded Tech Sector ETF (IGM) was down 0.5%.The State Street SPDR S&P Semiconductor (XSD) slipped 1.9%, and iShares Semiconductor (SOXX) fell 3.2%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 2.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 2.1%.CommoditiesCrude oil dropped 7.5%, and the United States Oil Fund (USO) fell 7.7%. Natural gas dipped 3.4%, and the United States Natural Gas Fund (UNG) fell 3.8%.Gold on Comex rose 0.5%, and the State Street SPDR Gold Shares (GLD) gained 0.7%. Silver was up 0.4%, and iShares Silver Trust (SLV) added 0.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was up 1.3%. The Vanguard Consumer Staples ETF (VDC) added 1.3%, and iShares Dow Jones US Consumer Goods (IYK) was up 1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 1%. VanEck Retail ETF (RTH) added 1.4%, and the State Street SPDR S&P Retail (XRT) gained 2.5%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.9% and iShares US Healthcare (IYH) added 0.9%, and Vanguard Health Care ETF (VHT) gained 0.9%. IShares Biotechnology ETF (IBB) was up 0.8%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) slipped 0.4%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were lower as well.CryptocurrencyIn midday activity, bitcoin (BTC-USD) gained 0.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) added 0.9%, ProShares Ether ETF (EETH) was up 4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.2% higher.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Treasury20d ago

US 5-Year Auction High Yield Rises From Previous Month, Demand Lower

The US Treasury's 5-year auction hit a high yield of 4.408% on Monday, up from the 4.200% high in the previous auction.The bid to cover ratio for the auction was 2.28, below the 2.35 ratio in the previous auction.Dealers represented 55.74% of the bids, with direct bidders at 14.67% and indirect bidders at 29.58%.For takedown, dealers took 13.53%, with direct bidders at 27.22% and indirect bidders at 59.24%.

Wire20d ago

Clorox Q4 Likely to Show No Major Surprises, UBS Says

Clorox (CLX) is not expected to deliver any major surprises in fiscal Q4, with focus likely on initial fiscal 2027 guidance, UBS Securities said in a note Sunday. The results are due Aug. 3."We do not expect any major surprises and believe 4Q top line and margin weakness is generally well understood," it said.Despite persistent market share losses, underlying consumption trends have shown modest improvement, the report said. Still, there are issues impacting Q4, including lapping shipment timing ahead of the ERP implementation a year ago, it added.The report also said it is difficult to have confidence in the top/bottom line trajectory at this stage amid attractive valuation, pointing to rising input costs, underlying demand still below historical averages, and a management transition to come.UBS kept a neutral rating with a price target of $100.Price: $96.99, Change: $+1.44, Percent Change: +1.51%

$CLX

Wire20d ago

Elanco Seems Best-Positioned Into Q2 Print Among Animal Health Stocks, UBS Says

Elanco Animal Health (ELAN) seems "best-positioned name" into the Q2 print, with IDEXX Laboratories (IDXX) appearing to be "more de-risked than compelling" and Zoetis (ZTS) looking safe rather than having a high upside, UBS said in its animal health preview note Monday.Elanco's accelerating momentum in US pet health segment through May, along with its Credelio Quattro product share gains, support a revenue beat for the quarter and guidance raise, UBS analysts said. They added that solid Q2 results, an increase in revenue for its innovation segment, and a positive outlook for H2 should drive up shares.For IDEXX, a recurring revenue beat in its companion animal group segment and an increase in placements for inVue product should help drive good results, the analysts said. They stated that stabilization of vet visits plus a clearer product catalyst at the company's Aug. 13 investor day would help boost sentiment on the stock further.Zoetis looks to have a limited downside currently, but for "meaningful" upside, the company needs a "cleaner" Q2 beat, a guidance reset that inspires more confidence, and more clarity on the pipeline in the next two years, the analysts said.UBS kept Elanco's stock rating at buy and price target at $31, maintained IDEXX's stock rating at neutral and cut its price target to $620 from $640, and reiterated Zoetis' stock rating at neutral and reduced its price target to $85 from $99.Price: $25.33, Change: $+0.41, Percent Change: +1.67%

$ELAN$IDXX$ZTS

Treasury20d ago

US 5-Year High Yield 4.408% vs 4.200% Previous; Bid/Cover 2.28 vs 2.35 Previous

Wire20d ago

Sonoco Products' Industrial Trends Improve as Consumer Volumes Lag, UBS Says

Sonoco Products' (SON) industrial business is performing better than expected amid uncertainty around its consumer-segment volumes, UBS Securities said Friday in a report.The industrial segment is supported by strong demand for uncoated recycled board, high plant utilization, productivity gains, and several growth opportunities, UBS said.In the consumer division, North American aerosol and adhesives and sealant markets linked to housing and discretionary spending were weaker in Q2, while demand for paper-based composite cans and pet-food packaging remained healthy internationally, the report said.UBS sees early signs of a solid Q3 as consumer-goods companies increase packaging orders ahead of late-summer and fall demand. Pricing actions, contract pass-throughs, and freight surcharges should help offset inflation, with productivity savings expected to accelerate, the report said.UBS raised its price target on Sonoco stock to $61 from $58 and maintained its neutral rating.Price: $58.66, Change: $+0.43, Percent Change: +0.74%

$SON

Sectors20d ago

Sector Update: Healthcare

Healthcare stocks were higher Monday afternoon, with the NYSE Healthcare Index rising 0.7% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.9%.The iShares Biotechnology ETF (IBB) advanced 0.7%.In corporate news, Forte Biosciences (FBRX) shares soared 39% after it agreed to be acquired by Argenx (ARGX) in a deal worth about $2.2 billion. Argenx shares were down 2%.

$ARGX$FBRX

Sectors20d ago

Sector Update: Tech

Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 1.9%.The Philadelphia Semiconductor index slumped 4%.In corporate news, Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative. Nvidia shares were down 4.8%.

$NVDA

Wire20d ago

Nvidia Collaborates With Safe Superintelligence, Makes 'Substantial Investment'

Nvidia (NVDA) said Monday it collaborated with Safe Superintelligence to offer access to its Vera Rubin platform, enabling the AI startup to ramp compute capacity and accelerate strategic growth.Nvidia said the companies will also work to advance its current and future compute platforms.The chipmaker will invest $5 billion in the AI startup, Bloomberg reported Monday.Price: $196.50, Change: $-10.34, Percent Change: -5.00%

$NVDA

Wire20d ago

Astronics Wins Favorable UK Appellate Ruling in Lufthansa Technik Patent Dispute

Astronics (ATRO) said Monday that a UK appellate court has issued a favorable judgment in its long-running patent infringement dispute with Lufthansa Technik AG, dismissing Lufthansa Technik's appeal in its entirety.The court also granted one of three appeals filed by Astronics, requiring Lufthansa Technik to make a partial refund of previously paid damages, with the amount yet to be determined.Astronics may also be entitled to additional attorney fees tied to certain elements of the case.Either party may seek further appeal to the UK Supreme Court, though it remains uncertain whether the court will agree to hear the case, the company said.Price: $69.36, Change: $-0.49, Percent Change: -0.70%

$ATRO

Wire20d ago

Wise's Potential Plans of Building Stablecoin Technology for Settlement a Positive Offset to US Charter Denial, UBS Says

Wise's (WISE) potential plans of building stablecoin technology for settlement would be a potential offset to the recent denial for a US national trust charter and would add a meaningful resilience to the business going forward, UBS said in a research note.An application under under the GENIUS Act will put Wise into a different category of financial institution, which is a qualified stablecoin issuer but still likely a non-depository trust institution, signifying "a significant evolution" in its strategy regarding digital asset technology, UBS said.Wise's charter application was denied last week, with several US states detailing compliance shortfalls related to Bank Secrecy Act, Anti-money laundering and Countering the financing of terrorism, which have not been fully addressed yet, according to the Friday note.UBS maintained its buy rating on the company's stock with a $16 price target.Price: $33.00, Change: $-0.12, Percent Change: -0.37%

$WISE

Mining & Metals20d ago

Blackwoods to Distribute Two Graphene Manufacturing Group Products in Australia

Graphene Manufacturing Group's (GMG.V) liquid graphene products, G LUBRICANT and THERMAL-XR, will be distributed in Australia by Wesfarmers' Blackwoods, it said in a statement on Monday."Blackwoods' focus on industrial customers, safety, quality and reliable supply aligns strongly with GMG's approach to bringing practical graphene solutions to market," said chief executive Craig Nicol. "We believe this relationship can help increase customer access to G LUBRICANT and THERMAL-XR across a wide range of industrial and commercial applications."Shares of Graphene Manufacturing were last seen down C$0.03, or 1.5%, to C$2.00 on the TSX Venture Exchange.Price: $2.00, Change: $-0.03, Percent Change: -1.48%

$GMG.V

Commodities20d ago

EMEA Natural Gas Update: Futures Plummet After Iran Strike Pause Eases Supply Risk Concerns

European natural gas futures fell sharply in after-hours trading Monday, retreating from a four-month high as markets reacted to a pause after nearly two weeks of US military strikes against Iran and a renewed focus on diplomacy.The front-month Dutch TTF contract dropped 8.934% to 57.895 ($65.90) per megawatt-hour, while the front-month UK NBP contract declined 9.344% to 139.710 pence ($1.86) per therm.US President Donald Trump has temporarily halted further military strikes against Iran, saying the pause would provide "space" for negotiations. Trump said the US remained engaged in talks with Tehran but warned that military action could resume if discussions failed.The market pullback came despite continued concerns over Europe's tight gas supply position. Gas storage levels across the region remained below historical norms, with inventories at 55.35% of capacity compared with 66.47% at the same time last year, according to Gas Infrastructure Europe. Stocks were also well below the five-year average of 71.2% for the period, data from the Swiss Federal Office of Energy showed.However, high prices contributed to reduced imports. LNG deliveries fell to their lowest weekly level since 2021, totaling 1.0 million metric tons across 22 cargoes, extending a weak summer demand trend, Vortexa said in a Monday note. The region's 28-day average LNG import rate was around 30% below year-earlier levels.However, it said shifting global price dynamics could attract additional LNG supplies later in the year. The Atlantic basin arbitrage has turned more favorable for Europe heading into the shoulder season and winter, potentially encouraging increased cargo flows from September onward.In the meantime, regional LNG arrivals remained uneven. France received no LNG cargoes during the week for the first time since March 2023, as prompt TTF prices traded above France's PEG hub, reducing incentives for deliveries. Belgium also recorded its first cargo-free week in a year. Germany bucked the broader trend, with LNG imports rising 10% above their four-week average.Italy's LNG imports held steady at 0.3 million metric tons despite a suspension of gas send-out operations at the Ravenna floating storage and regasification unit since July 19.European importers compete for cargoes with Asian buyers. The Asian price, Trading Economics said, rose 43% over the past month and is up by more than 85% over this time last year.Vortexa assessed Northwest European LNG prices at $20.30/MMBtu, while Trading Economics put the JKM price at $22/MMBtu.

Treasury20d ago

Municipal Bond Offerings This Week Hit With High Flood, Hurricane Risk

Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high wildfire and flood risk scores, according to ICE Climate Data.A $7 million offering from Brazoria County MUD No. 53, records a flood risk score of 5.0 out of 5.0, ICE reports.Locations with a component Physical Climate Risk Score, which includes flood, wildfire and hurricane, of 2.0 or higher out of 5.0 indicate high physical climate risk.A $314 million bond deal from Fort Lauderdale, Florida, has a hurricane risk score of 4.3 out of 5.0 on ICE's scale, while a $6 million tranche from Steelville R-III School District, Missouri, records an acute physical risk score of 3.9.A $24 million offering from Santa Fe Independent School District, Texas, records a combined physical risk score of 3.5, and a $5 million deal from Friendship Central School District, New York, has a score of 2.9, due to their proximity to weather-related events, according to ICE Climate Data.This content is created byand includes certain data sourced from ICE Climate Data ("ICE"). Views ofdo not necessarily represent the views of ICE. ICE is not a nationally registered statistical rating organization, nor should this commentary be construed to constitute an assessment of the creditworthiness of any company or financial instrument or as providing investment advice. Climate analytics available from ICE are meant to be generally indicative of overall feature sets but should not be considered an analyst's opinion of the underlying investability of a particular location or security.The ICE Climate Risk Score is a singular, 0.0-5.0 assessment score that blends all the ICE Spatial Intelligence Platform's climate hazard models together into one rigorous, relative measure of total property risk from physical climate hazards to a given location or set of locations related to the investment. To learn more about the ICE Climate Risk Data, visit: ICE Sustainable Finance Data (https://www.ice.com/data-services/sustainable-finance-data/disclaimer)

Wire20d ago

Baird Adjusts Price Target on C.H. Robinson Worldwide to $200 From $230

C.H. Robinson Worldwide (CHRW) has an average rating of overweight and mean price target of $204.83, 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: $176.17, Change: $-10.34, Percent Change: -5.54%

$CHRW

International20d ago

Canada's May GDP Seen Poised for A Small Increase, National Bank Says

Attention this week in Canada will focus on the May gross domestic product, according to National Bank of Canada.The bank expects the GDP for May to rise 0.1% month over month, down from the 0.5% increase in April. Gains in the country's GDP are expected to come from the finance and insurance, real estate and manufacturing sectors. These are forecast to partially offset declines in wholesale trade and the agriculture, forestry, fishing, and hunting sectors.Statistics Canada will release GDP for May and preliminary June data on Friday.

$CXY

Japan20d ago

US Equity Indexes Mixed, Crude Oil Sinks in Midday Trading

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed amid growing investor concerns over circular corporate investments and as crude oil prices plunged after a pause in Iran strikes entered its third day.The Dow Jones Industrial Average climbed 0.6% to 52,249.1, and the S&P 500 rose 0.1% to 7,420.2 after midday Monday. The Nasdaq Composite was little changed at 24,972.6.Energy and technology led decliners while communication services, consumer staples, and consumer discretionary topped the gainers.Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative valued at more than $500 billion. The deal announced Saturday includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory. Nvidia's shares dropped 4.5%, one of the bottom five in the Dow. The SK Hynix stock plummeted 8%.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 4.4%.Meanwhile, the US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, according to a Commerzbank note. Meanwhile, Oman and Iran continued discussions on a transit arrangement for the Strait of Hormuz, with diplomats describing the negotiations as "moving in the right direction." Iranian officials likewise characterized the talks as "constructive."The front-month US West Texas Intermediate sank 6.3% to $83.65 a barrel, and global benchmark North Sea Brent plunged 6.9% to $90.09 a barrel.

Dow JonesNasdaq CompositeS&P 500$NVDA$SKHY$SMH

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Commodities20d ago