Financial News · Live Terminal

Page 731 of 3616

Toogood Gold Stakes 44 Claims to ExpandsTable Mountain Project; Shares Up 8.7%

Toogood Gold (TGC.V) staked 44 additional Bureau of Land Management lode claims at its Table Mountain Gold-Silver Project in Lincoln County, Nevada, it said Monday.The additional claims increase Toogood Gold's Table Mountain project to 228 claims that account for approximately 1,902 hectares. This adds new priority ground for the Phase 2 target evaluation and follow-up exploration, the company said in a news release.Phase 2 exploration is expected to start in July. It will include approximately 20 line-kilometres of controlled-source audio-frequency magnetotellurics and targeted follow-up prospecting, rock sampling and geological mapping, Toogood said."The additional claims secure more than 10 kilometres of cumulative interpreted strike length across two priority structural corridors and provide additional high-priority ground for immediate evaluation," said Chief Executive Officer Colin Smith. "With reconnaissance soil sampling complete and Phase 2 CSAMT, prospecting, rock sampling and mapping set to commence, we are well positioned to advance these corridors toward drill targeting."The company's shares were last seen up C$0.01 to C$0.125 on the TSX Venture Exchange.Price: $0.13, Change: $+0.01, Percent Change: +8.70%

$TGC.V

Mining & Metals23d ago

Replenish Nutrients Secures C$15 Million Strategic Investment From SRC Agrominerals

Replenish Nutrients (ERTH.CN) has struck a C$15 million financing deal with SRC Agrominerals that will give SRC an initial 19.9% non-diluted equity stake in the company.Its shares jumped 15% to C$0.19 in mid-morning trading.The parties will also enter into a long-term agreement for SRC to supply carbonatite, a resource used for its soil-enhancing properties, to Replenish, according to a statement.SRC will subscribe for 50 million units of the company at C$0.15 each, generating gross proceeds of C$7.5 million. Each unit will consist of one common share and one-half of a four-year warrant exercisable at C$0.225 per share.SRC will also purchase a C$7.5 million senior secured second-lien convertible debenture carrying annual interest of 10%. The debenture will mature four years after closing and will be convertible into common shares at C$0.225 apiece.The financing proceeds will support the construction of a separate 150,000-metric-tonne pelletizing facility at Replenish's existing Beiseker property, as well as additional storage, load-out and processing infrastructure.As part of the investment, SRC Chief Executive Tim Close will be appointed to Replenish's board. Close previously served as chief executive of Ag Growth International (AFN.TO). David Morris, an SRC director, will also join the Replenish board.Replenish shares were last seen up C$0.025 to C$0.19, on the Canadian Securities Exchange.Price: $0.19, Change: $+0.03, Percent Change: +15.15%

$ERTH.CN

Wire23d ago

PepsiCo's Snacking Business Faces Stalled Progress, RBC Says

PepsiCo's (PEP) snacking turnaround showed early promise but has lost momentum, raising questions about sustainable topline growth, RBC Capital Markets said in a Monday note."While price cuts drove initial volume gains, macro pressures (gas prices hitting lower-income consumers) and structural shifts toward functional snacking have stalled progress," the note said.Following several quarters of underperformance, pricingadjustments began showing encouraging progress in Q1 of 2026, the report said.But progress has stalled by Q2 as macro pressures intensified,particularly rising gas prices from the Iran conflict, weighing heavily on consumer budgets, the note added."PFNA needs consistent topline growth for the stock to rerate, and the turnaround remains in early innings," it said. PFNA refers to PepsiCo Foods North America.RBC kept its sector perform rating and a $161 price target.Price: $136.08, Change: $-1.04, Percent Change: -0.76%

$PEP

Oil & Energy23d ago

Update: Yemen's Houthis Declare Maritime Embargo on Saudi Arabia, Threaten Escalation

(Updates with the Houthi spokesperson's statement throughout the story.)Yemen's Houthi movement on Monday declared an immediate maritime embargo against Saudi Arabia, warning that any further escalation by Riyadh would be met with a broader response."The Yemeni Armed Forces declare a maritime embargo against the criminal Saudi enemy... effective immediately upon the issuance of this statement," Houthi rebel spokesperson Yahya Saree said in a video published on X.Saree said the move was retaliation for what the group called Saudi Arabia's long-running blockade of Yemen. He said the Houthis reserved the right to respond "to the blockade with a blockade, and to respond to all escalation with all escalation," adding that the group was prepared for all options.The Houthis have repeatedly threatened to close the Bab el-Mandeb Strait during the Middle East conflict. Last week, Iran had contacted the Houthi movement, requesting them to stay prepared to close the trade route along the Red Sea, according to a Reuters report.The announcement raises the prospect of renewed disruption to Red Sea shipping, adding to maritime security risks that have already intensified following attacks on oil tankers in the Strait of Hormuz.Yemen's Houthi rebels fired missiles at Saudi Arabia, alleging that the Gulf state had bombed an airport under the group's control on Monday last week.A wider conflict with the Houthis, who have in the past targeted Red Sea shipping, could jeopardize Saudi Arabia's oil exports through its East-West Pipeline, which allows crude to bypass Hormuz.

Wire23d ago

Archer-Daniels-Midland Benefits From Stronger Crush Margins, but Bunge Offers More Upside, Morgan Stanley Says

Archer-Daniels-Midland's (ADM) improving crush margins have raised earnings expectations, but Bunge Global (BG) remains the preferred long-term investment due to its Viterra synergies and stronger upside potential, Morgan Stanley said in a note Monday.Archer-Daniels-Midland is set to release its Q2 results on Aug. 4 and Bunge Global on July 29.The bank said it expects Archer-Daniels-Midland's Q2 earnings per share to come in about 3% above consensus, driven mainly by stronger crush margins, although the benefit is partly offset by a smaller reversal of the large mark-to-market loss recorded in Q1.For Bunge Global, the firm expects Q2 EPS to beat consensus by about 3% and has raised its 2026 EPS forecast to 4% above consensus and above the high end of the company's guidance. It also sees greater upside in 2027, with its forecast 9% above consensus."We continue to prefer Bunge's idiosyncratic opportunity over company-specific risks that could limit Archer-Daniels-Midland earnings upside," the firm said, adding that it doesn't expect Bunge's long-term investment case to play out linearly and sees near-term dislocations as a buying opportunity.Morgan Stanley raised its price target on Archer-Daniels-Midland to $60 from $58.Price: $85.25, Change: $-0.65, Percent Change: -0.76%

$ADM$BG

Wire23d ago

Intel Seen Beating Q2 Expectations Despite Sentiment Risks, Wedbush Says

Intel (INTC) is expected to post Q2 revenues and margins that surpass expectations, but the resulting market sentiment shift is still uncertain, Wedbush Securities said in a Monday note.The company is scheduled to report its Q2 financial results after market close on Thursday.Intel's guidance and market consensus point to roughly 5% quarter-over-quarter revenue growth, which Wedbush analysts project will come from a boost in data center sales. With average selling prices jumping in the double digits in the quarter, pricing alone may result in the expected growth, which taken with an incremental lift in production, point to a revenue beat in the server segment, according to the note.PC CPU average selling prices have been rising at a similar rate to server CPUs, and the analysts forecast a modest uptick in revenue for the segment from the last quarter. This pricing trend is also expected to continue into Q3, the note said.However, the analysts said a Q2 beat may not necessarily boost the company's stock price due to external factors such as China's gains in AI, economic concerns such as the US-Iran conflict, and data center spending. With Intel's valuation well above historical norms and industry peers, the company could also be more susceptible to broader market swings, the analysts added.Wedbush maintained the company's stock rating at neutral and price target at $60.Price: $98.49, Change: $+3.45, Percent Change: +3.63%

$INTC

Wire23d ago

DPC's Positive Demand Dynamics Largely Priced In, Morgan Stanley Says

DPC's (DPC) cast components for aerospace engine and industrial gas turbine clients are in high demand, but the company's favorable demand environment is largely priced in by investors, Morgan Stanley said in a note Monday.The investment firm noted that DPC is operating in a "supply-constrained industry" with "few other scaled, integrated casting providers, and only one other publicly-traded provider."DPC also has multiyear strategic client agreements that give it "revenue visibility and support capex requirements to expand capacity," the note said.Additionally, the "significant levels of technical knowledge and certifications required for manufacturing provide high barriers to entry," Morgan Stanley said.However, DPC shares have increased about 40% since the company's IPO at $33 per share on June 25, the investment firm said, adding that, while the company has "many compelling attributes" these are "already largely priced in by the market at current trading levels."Morgan Stanley started coverage of DPC with an equalweight rating and $47 price target.Price: $46.35, Change: $+0.08, Percent Change: +0.17%

$DPC

Treasury23d ago

Market Chatter: BlackRock Looking to Raise Over $12 Billion in Debt to Finance Texas Data Center

BlackRock (BLK) is attempting to sell over $12 billion in bonds to finance a data center in El Paso, Texas, Bloomberg reported Monday, citing people with knowledge of the matter.The bonds are expected to be priced early next week, the report said.BlackRock didn't immediately reply 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: $1062.89, Change: $-9.32, Percent Change: -0.87%

$BLK

Treasury23d ago

BlackRock Looking to Raise Over $12 Billion in Debt to Finance Texas Data Center, Bloomberg Reports

$BLK

Oil & Energy23d ago

Market Chatter: Iran Targets 100 Million Cubic Meters of Gas Output Recovery Within Months

Iran expects to restore 100 million cubic meters of daily gas production within months, President's Executive Deputy Mohammad Jafar Ghaempanah said Monday, according to Iran's Shana Petro Energy Information Network.Ghaempanah said attacks on oil infrastructure during the recent conflict removed about 230 mcm of gas production capacity. Industry specialists are working to restore 100 mcm of the lost output within the next few months.He said the disrupted output represents a significant share of Iran's roughly 650 mcm of daily gas production and has widened the country's gas supply imbalance. The government is managing energy consumption to keep gas and electricity supplies stable for industrial and petrochemical producers. Ghaempanah said officials are also adding solar power capacity to strengthen the national electricity grid.Ghaempanah added that oil and gas workers kept every oil and gas terminal operating despite the attacks. He added that the government has mobilized all available resources to maintain public services and strengthen national resilience. Iran's oil ministry 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.)

Wire23d ago

Bausch + Lomb's Prescription Drug Growth Could Support Q2 Results, RBC Says

Bausch + Lomb (BLCO) could report stronger Q2 results as prescription eye drug sales, improving surgical operations and new consumer products support growth, though currency benefits may weaken and policy risks remain, RBC Capital Markets said in a note Monday.RBC expects Q2 revenue of $1.38 billion, above the $1.37 billion consensus estimate, and raised its Q2 sales forecasts for Miebo and Xiidra to about $95 million each after prescription data came in stronger than expected.Foreign exchange rates are expected to add about $15 million to Q2 revenue, down from a benefit of about $42 million in Q1, with currencies expected to become a small drag in H2, RBC said.Full-year revenue is estimated at $5.45 billion, including about $48 million in currency benefits, compared with the company's guidance of $5.42 billion to $5.52 billion, along with a margin of 19.2%, supported by prescription drug growth and improved profitability, according to the note.RBC kept its outperform rating and $21 price target as a higher valuation for the prescription drug business offset a lower valuation for the vision care and surgical units.Price: $15.97, Change: $-0.29, Percent Change: -1.78%

$BLCO

Wire23d ago

Nuvation Bio's Safusidenib Data Support Broader Glioma Opportunity, Wedbush Says

Nuvation Bio's (NUVB) updated phase 2 data for safusidenib in Japanese patients with grade 2 IDH1-mutant glioma strengthens the drug's long-term potential, supported by improved objective response rates, durable progression-free survival and a favorable safety profile, Wedbush Securities said in a Monday note.The brokerage noted that Nuvation plans to launch a pivotal ex-US phase 3 trial in newly diagnosed grade 2 IDH1-mutant glioma patients and a phase 2 study in patients whose disease has progressed after prior treatment with vorasidenib.The expanded development plan could widen safusidenib's market potential beyond the pivotal SIGMA study by targeting both treatment-naive and post-vorasidenib patients, with initial results from an exploratory post-surgical grade 3 oligodendroglioma cohort expected in 2027, the brokerage added.Wedbush maintained an outperform rating on the stock with an $11 price target.Nuvation Bio shares were up 11% in Monday trading.Price: $6.46, Change: $+0.66, Percent Change: +11.29%

$NUVB

Wire23d ago

Global Payments' Constructive Checks on Genius Platform, Worldpay Business Create Rerating Potential, Morgan Stanley Says

Global Payments' (GPN) improved buyback capacity, constructive channel checks on the Genius platform and the Worldpay business, low bar for execution, and rising investor interest create a meaningful rerating potential, Morgan Stanley said in a Monday research note.Stock buybacks can be a source of considerable EPS upside, while the company's valuation also appears fundamentally "too cheap," analysts wrote.While management execution, Worldpay integration, and Middle East tensions pose near-term risks, these concerns are well understood and largely priced into the company's current valuation, according to the note.Worldpay's eCommerce exposure looks favorable as it adds a structurally more attractive growth engine to the company's entire portfolio, Morgan Stanley said. The firm said it now expects 2027 adjusted EPS of $16.30, up from $15.82 earlier.The brokerage said it upgraded the stock to overweight from equal-weight and boosted its price target to $100 per share from $65.Price: $79.17, Change: $+1.35, Percent Change: +1.73%

$GPN

Wire23d ago

Rothschild & Co Redburn Adjusts Price Target on GE Aerospace to $390 From $350, Maintains Buy Rating

GE Aerospace (GE) has an average rating of overweight and mean price target of $397.05, 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: $344.84, Change: $-3.99, Percent Change: -1.14%

$GE

Asia Markets23d ago

Asian Equities Traded in the US as American Depositary Receipts Rise in Monday Trading

Asian equities traded in the US as American depositary receipts started the week tracking higher Monday morning, rising 0.57% to 2,873.67 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by game live-streaming platform DouYu International (DOYU) and real estate management and digital securities provider Eason Technology (DXF), which increased 5.2% and 4.1%, respectively. They were followed by internet and data center services provider VNET Group (VNET) and education company 51Talk Online Education Group (COE), which climbed 3.2% and 2.7%, respectively.The decliners from North Asia were led by used car marketplace Uxin (UXIN) and lender CNFinance (CNF), which shed 15.1% and 11% respectively. They were followed by automotive marketplace Token Cat (TC) and fintech firm LexinFintech (LX), which fell 5.5% and 2.9% respectively.From South Asia, the gainers were led by fintech company Trident Digital Tech (TDTH) and tech conglomerate Sea (SE), which rose 3.1% and 2.6% respectively. They were followed by telecommunications operator Telekomunikasi Indonesia (TLK) and lender ICICI Bank (IBN), which were up 2.6% and 0.9% respectively.The decliners from South Asia were led by lender HDFC Bank (HDB) and IT firm Infosys (INFY), which dropped 9.8% and 1.4% respectively. They were followed by IT company Wipro (WIT) and pharmaceutical company Dr. Reddy's Laboratories (RDY), which were off 1.3% and 0.4% respectively.

$CNF$COE$DOYU$DXF$HDB$IBN$INFY$LX$RDY$SE$TC$TDTH$TLK$UXIN$VNET$WIT

Wire23d ago

Market Chatter: Coca-Cola Working With JPMorgan, Citi on India IPO for Bottler

Coca-Cola (KO) appointed JPMorgan Chase (JPM) and Citigroup (C) as the bankers for a planned initial public offering in 2027 for majority-owned Hindustan Coca-Cola Holdings in India, Reuters reported Monday, citing two sources with direct knowledge of the matter.The companies didn't immediately reply to requests 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: $81.98, Change: $+0.42, Percent Change: +0.51%

$C$JPM$KO

Wire23d ago

Update: Market Chatter: Google Working on New Server Chip

(Update with Google's response to a request for comment in the last paragraph.)Alphabet's (GOOG, GOOGL) Google is working on a new server chip that will allow it to serve its AI models to users more efficiently, The Information reported Monday, citing two people with direct knowledge of the matter.The tech giant intends to use the new chip to help address shortages in AI computing capacity, as Google workers project it could be 6 to 10 times more efficient than the latest version of its existing line of homegrown AI chips when it launches, the report said, citing the people."Our teams are constantly researching and experimenting with new innovations to deliver maximum performance and efficiency for our users and customers," a Google spokesperson said in a statement to. "While not every project moves into production, this rigorous exploration is central to our full stack approach."(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: $357.71, Change: $+11.59, Percent Change: +3.35%

$GOOG$GOOGL

International23d ago

Economists Say Softer Underlying Inflation Supports BoC Hold Through Year-End

Canadian inflation eased annually in June, led by lower gasoline prices, while underlying price pressures remained contained despite temporary FIFA World Cup-related effects, according to CIBC Economics after Monday's release of the consumer price index data.Annual inflation eased to 2.8% in June from 3.2% in May, slightly below the 2.9% consensus forecast, said CIBC. Excluding gasoline, CPI inflation was unchanged at 2.2% year over year.Excluding food and energy, the annual pace of prices remained "modest" at 1.8% in June, said Desjardins in a note.The increase in inflation, excluding food and energy, appears partly attributable to temporary World Cup-related price pressures, which had a limited impact on the Bank of Canada's preferred core measures, added Royce Mendes of Desjardins. CPI-median and CPI-trim rose on the month 0.09% and 0.05% in June, respectively, bringing both year-over-year rates below 2% for the first time since 2020.Traveller accommodation prices accelerated in June, rising 10.1% annually compared with 2.5% in May, driven by higher costs in Ontario and British Columbia, particularly in Toronto and Vancouver during World Cup events, said Statistics Canada in Monday's CPI. Passenger vehicle rental prices also increased 6.8% annually amid stronger travel demand.Headline inflation remains above target, but underlying price pressures are softening and losing momentum. While higher oil and energy prices, including a recent uptick in gasoline prices, pose some upside risk, excess economic slack continues to weigh on underlying inflation, added economists."This will keep the BoC comfortably on the sidelines, where we expect them to stay through at least the rest of this year," wrote Benjamin Reitzes at Bank of Montreal Capital Markets (BMO) in a note after CPI data.CIBC, Desjardins, TD Economics and KPMG Canada all predict Canada's central bank to be on hold at least for this year.Recent oil price gains are likely to offset the drag from lower gasoline prices in the July CPI. However, with oil prices still below recent peaks, TD said it continues to expect Canadian inflation to have peaked this year."It looks like we'll be stuck with headline inflation at 3% and core inflation at 2% for some time yet," wrote Ali Jaffery, chief economist at KPMG Canada. "The Bank of Canada can live with that as long as inflation expectations remain manageable, which we expect they will."

$CXY

US Markets23d ago

LXP Industrial Trust Agrees to Go Private in $5.2 Billion Acquisition Deal

LXP Industrial Trust (LXP) has agreed to be acquired and taken private by Brookfield Asset Management (BAM) and Canada Pension Plan Investment Board in a deal worth roughly $5.2 billion, including net debt and preferred equity.Shareholders of LXP Industrial will receive $61.20 per share in cash, representing a premium of about 12% to the real estate investment trust's 30-day average price as of Friday, the companies said in a joint statement Monday.Shares of LXP Industrial rose 4% in Monday trade, taking its year-to-date gain to 22%."This transaction is the culmination of the LXP team's successful execution of our strategic plan to transform LXP into a pure-play industrial REIT," LXP Industrial Chief Executive Thomas Eglin Jr. said in the statement. "The LXP board unanimously determined that this transaction with Brookfield and CPP Investments fully maximizes value for our shareholders."LXP Industrial has warehouse and logistics facilities, comprising 108 properties in industrial markets in the Sunbelt and Midwest. The companies said the portfolio is "well positioned" to benefit from demand for logistics properties."The industrial sector, particularly in the US, continues to offer attractive long-term investment opportunities, supported by structural demand drivers including domestic manufacturing, evolving global supply chains and population growth across key Sunbelt markets," said Sophie van Oosterom, managing director and head of real estate at CPP Investments.The transaction, which requires approval from LXP Industrial's shareholders, is expected to close in the fourth quarter. Following completion, the company's shares will no longer trade on the New York Stock Exchange."LXP has assembled a high-quality industrial portfolio with modern logistics assets in attractive markets," Brookfield Real Estate CEO Lowell Baron. "The acquisition aligns with our strategy of investing in high-quality real estate with durable cash flows and opportunities to create value through active asset management."The deal allows LXP to consider alternative acquisition proposals until Aug. 28. LXP Industrial suspended its dividend payments until the deal completes or is canceled.In April, the company reported adjusted funds from operations of $0.80 a share for the first quarter, up from $0.78 a year earlier. Total gross revenue decreased to $85.9 million from $88.9 million in the prior-year quarter.Price: $60.83, Change: $+2.32, Percent Change: +3.97%

$BAM$LXP

Wire23d ago

Coca-Cola Working With JPMorgan, Citi on India IPO for Its Bottling Firm, Reuters Reports

$C$JPM$KO

Showing 14601-14620 of 72310

US Markets23d ago

LXP Industrial Trust Agrees to Go Private in $5.2 Billion Acquisition Deal

$BAM$LXP