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Euro Area Consumer Confidence Improves in July, Flash Data Shows

The euro area's consumer confidence index stood at -15.9 points in July, up from the revised -17.6 points in June, according to the European Commission's flash data published Thursday.Analysts expected -17 points for the month.

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Wire22d ago

McCormick Plans London Secondary Listing After Unilever Foods Combination

McCormick (MKC) outlined the operating model, executive team and planned secondary listing on the London Stock Exchange for the combined company following its proposed combination with Unilever Foods, the company said Thursday.The combined company will operate through four commercial divisions and will be led by an executive team comprising leaders from both businesses, McCormick said.McCormick added that it intends to seek a secondary listing on the London Stock Exchange while retaining its primary listing on the New York Stock Exchange.Shares of McCormick were down about 2.3% in Thursday trading.Price: $50.72, Change: $-1.30, Percent Change: -2.50%

$MKC

Wire22d ago

Eversource, National Grid, EnergyHub, Sunrun to Jointly Test Vehicle-to-Grid Program

Eversource Energy (ES), National Grid (NGG), Alarm.com (ALRM) subsidiary EnergyHub, Sunrun (RUN) and Mobility House will jointly test vehicle-to-grid capabilities in Massachusetts, according to a statement Thursday.Under this joint effort, qualifying residential customers of Eversource and National Grid in Massachusetts can enroll their vehicle-to-grid capable electric vehicle in the ConnectedSolutions program and receive incentives if they send stored energy in their EVs back to the grid during peak periods, according to the statement.Price: $74.30, Change: $-0.14, Percent Change: -0.19%

$ALRM$ES$NGG$RUN

Mining & Metals22d ago

Canada Nickel Reports Resource Estimates for Nesbitt, Deloro Projects in Ontario

Canada Nickel (CNC.V) has reported an initial resource estimate for the Nesbitt nickel sulfide project and an updated estimate for the Deloro nickel sulfide project, both located in Ontario.The updated resource estimate at Deloro also outlined a 46% increase in indicated resources to 300,000 tonnes of contained nickel and a 39% increase in inferred resources to 1.2 million tonnes of contained nickel.

$CNC.V

Wire22d ago

Cigna's Cigna Healthcare Expanding AI-Backed Support

Cigna's (CI) Cigna Healthcare said Thursday it is expanding its care management programs with AI-backed capabilities to help identify clients who would benefit from earlier support.The move will allow 20% more clients with emerging, complex or chronic health needs to get clinical support earlier and will decrease medical costs by $200 million over three years, the company said.Price: $284.95, Change: $+0.10, Percent Change: +0.04%

$CI

Mining & Metals22d ago

Update: Quantum Secure Encryption Signs MOA with a Malaysian Digital Trust Provider

(Updates to add details in fourth paragraph)Quantum Secure Encryption (QSE.CN) has signed a memorandum of agreement with a Malaysia-based digital trust and certificate-management provider, it said Thursday.The company and its Malaysian partner plan to develop a Malaysia-specific version of Quantum's full secure posture platform, QPrime, to help Malaysia's National Critical Information Infrastructure organizations prepare for requirements under Malaysian cybersecurity legislation."By working with a Malaysian digital trust provider and supporting local data residency, we believe QPrime can become a practical starting point for organizations that need to move from awareness to action," said Chief Executive Officer Ted Carefoot.The Malaysia-specific QPrime program will be hosted on Malaysian sovereign infrastructure, with data residency in Malaysia, the company said. "By working with a Malaysian digital trust provider and supporting local data residency, we believe QPrime can become a practical starting point for organizations that need to move from awareness to action," Carefoot said.

$QSE.CN

Wire22d ago

Albertsons' CFO Sharon McCollam to Retire

Albertsons (ACI) Chief Financial Officer and President Sharon McCollam plans to retire later in the year, the company said Thursday.McCollam will continue in her role until a successor is found, the company said.Shares of the company were down more than 19% in early Thursday trading.Price: $11.78, Change: $-2.83, Percent Change: -19.35%

$ACI

Oil & Energy22d ago

EMEA Natural Gas Update: Futures Slide After Rubio Says Iran is Begging for a Deal

European natural gas futures fell on Thursday following statements by US Secretary of State Marco Rubio, signaling a potential diplomatic solution in the war with Iran.The front-month Dutch TTF contract dropped 1.25% to 61.755 euros ($70.28) per megawatt-hour, while the front-month UK NBP contract dropped 1.49% to 149.180 British pence ($2.01) per therm.This was despite a roughly 6% rise in Brent crude futures which returned to close to $100 per barrel on Wednesday.Speaking on the sidelines of the ASEAN conference in Manila on Thursday, Rubio said Iran was "begging" Washington, both directly and through intermediaries, to negotiate a deal.However, he argued that Tehran was not yet serious, accusing its leaders of repeatedly breaking agreements or seeking to revise their terms. Rubio warned that Iran would continue to "pay a price," with the costs mounting each night until it was prepared to reach an agreement it would honor.This comes following US President Donald Trump's latest warning that US forces would now strike Iran's power plants and bridges each time Tehran targets commercial traffic in the Strait of Hormuz.Traffic through the strait, which accounted for one-fifth of global LNG flows, held steady with 15 transits on Wednesday, despite mounting tensions, according to data from ShipFinder.Daniel Hynes, a senior commodity strategist at ANZ, warned that Europe was "running out of time to replenish its gas reserves ahead of next winter," as competition for LNG cargoes intensifies, especially from Asian buyers amid mounting global supply constraints.Hynes also noted that the hopes of Qatari supplies resuming had begun to fade, with the country now offering sub-charters for its LNG tankers near the US coast, which he said was an indication that it was in no hurry to scale its output back up to normal.European gas inventories stand at just 54.38% of capacity, compared to 65.36% during the corresponding period a year ago, according to Gas Infrastructure Europe.Inventories were also significantly below the five-year average for this period, at 70%, according to data from the Swiss Federal Office of Energy.This comes at a time when heatwaves and record temperatures continue to haunt southwestern Europe, with Spain bracing for 45 to 47 degrees Celsius this week, with hot air arriving from the Sahara Desert, according to a report by Severe-Weather EU.

Commodities22d ago

PG&E Expands Data Center Pipeline; Segment Revenues Mixed

US energy holding company PG&E (PCG) Thursday reported that it has advanced new data center projects, expanding its data center pipeline to 12.71 gigawatts as of June 30 from 5.09 GW in March.Of the total capacity, 140 megawatts are under construction and 490 MW have finalized interconnection construction agreements.Meanwhile, about 3.88 GW are under final engineering stage, and the remaining 8.20 GW are at a preliminary engineering phase, according to the report.In Q2, the company's operating revenue almost steadied from a year earlier, as a revenue increase from the natural gas segment offset a decline from the power segment.The power segment generated $4.39 billion in revenue during the period, down from $4.41 billion in the same quarter of 2025.At the same time, the natural gas segment posted $1.51 billion in revenue, a slight increase from $1.48 billion recorded a year earlier, data showed.During the quarter, PG&E said it connected over 3,930 customers and over 2,460 new electric vehicle charging ports to the grid.It also completed 37 miles of undergrounding and installed 100 miles of strengthened poles and covered powerlines in high fire-risk areas, with a target to exceed 1,900 miles of undergrounding and more than 2,000 miles of poles and powerlines by the end of 2027.Price: $17.66, Change: $-0.45, Percent Change: -2.51%

$PCG

Wire22d ago

GE Aerospace Gets National Airlines Commitment to Buy 7 Engines for Boeing Cargo Planes

GE Aerospace (GE) said Thursday that National Airlines has agreed to buy seven engines for its Boeing (BA) cargo airplanes.Financial terms were not disclosed.The company said the order includes one GE90-110B and six CF6-80C2 engines. National Airlines already owns 30 CF6 engines and eight GE90 engines.The GE90 engine family powers all Boeing 777 models..Shares of GE Aerospace were up 2%.Price: $349.41, Change: $+8.04, Percent Change: +2.36%

$BA$GE

Wire22d ago

HF Foods Group Agrees to Acquire Searay Foods

HF Foods Group (HFFG) said Thursday it has entered into a definitive agreement to acquire Canadian seafood importer and distributor Searay Foods and its related entities for 47.9 million Canadian dollars ($34 million).The transaction is expected to close in Q3 and will be funded by cash on hand and newly issued HF Foods shares, according to a statement.Upon the closing of the transaction, Searay will become a subsidiary of HF Foods, led by incoming Chief Executive Officer Derick Ngan and its current management team, the statement said.Price: $1.66, Change: $+0.05, Percent Change: +3.11%

$HFFG

Equities22d ago

Sarco Unit Buys 85% Stake in Advanced Industrial Supplies Co.

Saudi Arabian Refineries Co.'s (SASE:2030), d/b/a Sarco's, subsidiary Masafi Ventures acquired an 85% stake in Advanced Industrial Supplies Co. from Adwaa Al Khalil Contracting for 12 million Saudi riyals.The petroleum refining company said Thursday the deal aligns with its long-term strategy of diversifying revenue streams and investing directly in operating businesses.

SASE:2030

Wire22d ago

Carrier Global Acquires Building Automation Firm 75F

Carrier Global (CARR) said Thursday it has acquired 75F, a provider of building automation systems.Financial details were not disclosed.Carrier said the acquisition strengthens its intelligent building capabilities across applications, ranging from complex applied systems and high-growth data centers to light commercial and retrofits.Carrier shares were 1.7% higher in Thursday trading.Price: $68.90, Change: $+0.81, Percent Change: +1.19%

$CARR

US Markets22d ago

ECB Leaves Rates Unchanged as Middle East Conflict Concerns Persist

The European Central Bank maintained its three key interest rates on Thursday as the war in the Middle East drags on, noting that the outlook for energy prices is well above the levels recorded before the conflict.The deposit facility rate was kept at 2.25%, while the interest rates on the main refinancing operations and marginal lending facility were respectively maintained at 2.40% and 2.65%. The ECB Governing Council's decision was consistent with market expectations.In its July meeting, the central bank cautioned that economic uncertainty remains high, with the full inflationary impact of the energy shock arising from the ongoing war still unknown."The Governing Council is therefore closely monitoring the intensity and duration of the shock, as well as its indirect and second-round effects," the ECB noted. It also reiterated its commitment to ensure that the inflation rate stabilizes at its 2% medium-term target.Based on the latest data from Eurostat, the annual inflation rate in the euro area eased to 2.8% in June from 3.2% in May, with the core rate, which excludes energy, food, alcohol and tobacco, declining to 2.4% from the prior 2.6%."Through the rearview mirror, this decision clearly makes sense. Headline inflation has actually come down, there are very few signs of knock-on effects from higher energy prices, and the eurozone economy has shown some resilience to the current oil price shock," ING said in a note. "Looking ahead, however, the decision of whether to keep interest rates unchanged is not so straightforward.""Unless oil prices start dropping significantly over the next weeks, the ECB's own macro projections in September will call for another rate hike, loud and clear."

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Wire22d ago

Update: Tesla Shares Fall After Q2 Adjusted Earnings Decline, Truist Cuts Price Target

(Updates to add the recent stock movement in the headline and first paragraph.)Tesla (TSLA) shares were down more than 10% in early Thursday trading after the company reported Q2 adjusted earnings late Wednesday of $0.33 per diluted share, down from $0.40 a year earlier.Analysts polled by FactSet expected $0.53.Revenue for the quarter was $28.24 billion, up from $22.50 billion a year earlier.Analysts expected $26.42 billion.Both gross and operating margins missed consensus considerably, and "more important aspects are an increase in capital investments and operating expenses related to the AI transition," according to a Truist Securities note said late Wednesday.Free cash flow turned negative in Q2, with an outflow of $1.1 billion. FCF through the remainder of 2026 will also be negative as Tesla continues to invest at levels above its operating cash flow, per the Truist note."The company posted strong revenue, but elevated R&D and capex for AI projects (FSD, Robotaxi, Cybercab, Optimus, Cortrex, and Terafab) dragged meaningfully on P&L margins and cash flow metrics," the Truist note said. "We continue to believe these investments will pave the way for TSLA's AI transition, but they will weigh on margins and cash flow for a while."Truist lowered its price target on Tesla's shares to $370 from $430, with a hold rating.Price: $334.19, Change: $-39.82, Percent Change: -10.65%

$TSLA

Oil & Energy22d ago

EMEA Oil Update: Crude Oil Futures Soar Taking Murban to Highest Ever Price

Crude oil futures surged on Thursday, with Brent hitting multi-month highs and Murban hitting a record level as Houthi militant attacks on Saudi tankers in the Red Sea and a still-shuttered Strait of Hormuz feeding fears of prolonged disruption to energy.Brent crude futures climbed over 6% to $99.80 per barrel, while Murban crude futures soared more than 22% to $109.72/bbl.The Murban futures hit an all-time high earlier in the session at $114.92 per barrel while Brent futures hit their highest since May 26."Iran-backed Houthi militants claimed responsibility for striking two Saudi oil tankers in the Red Sea, prompting more vessels to divert from the Bab el-Mandeb Strait and creating what analysts describe as a two-chokepoint problem for oil," Saxo Bank analysts said."The result was a fresh risk premium in crude and a renewed market focus on inflation," they said.Meanwhile, US Central Command pushed back against claims by Iran's military that it controlled the Strait of Hormuz, asserting via social media that the international waterway remains open for transit."Iran does not control the Strait of Hormuz," US Centcom posted on X.However, markets are heavily pricing in the probability of supply interruption across critical energy corridors, analysts noted."Oil prices are increasingly shaped not only by observed fundamentals but by what the market believes fundamentals will look like over the next 6-12 months," ANZ analysts noted.Ahmad Assiri, research strategist at Pepperstone, pointed out that these higher energy costs are feeding back into the broader inflation outlook, adding that physical disruption does not require a complete halt to Gulf exports to tighten the market.Reduced vessel traffic, shipping delays, and rerouting are already sufficient to constrain effective global supply, the research strategist added.Attention has also expanded beyond the Strait of Hormuz to the Bab al-Mandab strait, a vital route accounting for nearly 12% of global trade, where traffic flow has now been stifled by Houthi threats to attack ships, with reports that it has already followed through.Reuters reported Yemen's Houthi movement targeted two Saudi oil tankers, with UK Maritime Trade Operations confirming that the Saudi-flagged tanker Encelia was struck in the Red Sea.

Mining & Metals22d ago

Element 29 Resources Provides Assays from Elida Project in Peru

Element 29 Resources (ECU.V) provided the latest assays from the Elida porphyry copper project in Peru.Results include 1,534.6 meters grading 0.58% copper equivalent, including 361.2 m of 0.54% copper equivalent, the junior resource company said Thursday.Element 29 said it has completed 4,885.5 meters of drilling as part of its planned 10,000-meter drill program for 2026.Price: $1.57, Change: $+0.06, Percent Change: +3.97%

$ECU.V

Wire22d ago

Brown & Brown Teams With Anthropic, McKinsey, Accenture on AI Initiative

Brown & Brown (BRO) is partnering with Amazon-backed (AMZN) Anthropic, Accenture (ACN) and McKinsey as part of the next phase of its enterprise technology transformation to become an AI-first company, the company said Thursday.The insurance brokerage said it plans to deploy Anthropic's Claude AI platform across its 23,000 employees and integrate artificial intelligence into customer service, operations, technology and corporate workflows.The company will also roll out Claude Code across its software engineering organization to accelerate software development, it added.Price: $65.20, Change: $-0.19, Percent Change: -0.28%

$ACN$AMZN$BRO

Wire22d ago

Market Chatter: Anthropic Considers Requiring 10b5-1 Stock Plans for All Employees

Amazon.com-backed (AMZN) Anthropic is considering requiring all employees to sell any shares through 10b5-1 stock plans, The Information reported Thursday.Because 10b5-1 stock plans require the sale of shares on preset schedules, they are intended to protect against insider trading accusations. However, they're typically only for top-level executives.Anthropic is also mulling how many shares stockholders should be allowed to sell on the first day of trading, and how the company should deal with lockup periods, The Information reported.Anthropic didn't immediately respond to a request for comment from.(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: $236.42, Change: $-8.43, Percent Change: -3.44%

$AMZN

Mining & Metals22d ago

Battery Mineral Resources' Unit Secures Strategic Financing With JPMorgan Chase

Battery Mineral Resources (BMR.V) unit, ESI Energy Services, completed a new senior secured financing arrangement with JPMorgan Chase Bank, a unit of U.S.-listed JPMorgan Chase (JPM), it said late Wednesday.The financing includes a four-year $6 million senior secured loan, a $1 million revolving line of credit, and up to an additional $5 million equipment financing facility, which the company expects to finalize with JPMorgan in the near term, subject to some closing conditions, it said. The company expects a total of up to $12 million of financing capacity.Battery Mineral Resources added that a part of the proceeds of the new term loan were used to repay ESI's existing credit facility with Fiera Enhanced Private Debt Fund, in full.

$BMR.V

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Oil & Energy22d ago