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Piper Sandler Initiates Rocket Lab at Neutral With $83 Price Target

Rocket Lab (RKLB) has an average rating of buy and mean price target of $119.07, 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)

$RKLB

Mining & Metals26d ago

Hi-View Resources Begins Exploration Program in Toodoggone Mining District

Hi-View Resources (GXLD.CN) launched its 2026 exploration program in British Columbia's Toodoggone Mining District, it said Thursday.The program is expected to include 50 line kilometers of induced polarization (IP) surveying, 50 square kilometers of geological mapping and prospecting, and approximately 4,000 soil samples covering more than 100 square kilometers, said the company.Drill permits have been approved for its principal target areas of Lawyer's East, Borealis, and the Golden Stranger with exploration activities aimed at finalizing targets, added Hi-View.Fieldwork will be conducted across multiple target areas on the property, it said."This exploration program will be focused on final target vectoring of porphyry targets focusing on the most advanced target areas," said CEO R. Nick Horsley. "Once the data is collected from the priority targets the Company will look to advance towards a drill program."

$GXLD.CN

Research26d ago

Baird Initiates nVent Electric at Outperform

nVent Electric (NVT) has an average rating of overweight and mean price target of $200.88, 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)

$NVT

Commodities26d ago

China Power Consumption Rises 5.3% in H1 From Year Prior

China's power consumption climbed 5.3% in H1 versus the same six months of 2025 to 5.1 trillion kilowatt-hours, according to two Chinese media outlets on Wednesday, citing the National Energy Administration.Household consumption increased due to increased cooling demand while digital industries also drew more power, the Global Times said.Peak electricity load hit a 2026 record of 1.55 terawatts on Tuesday, the publication said, citing the National Development and Reform Commission.The NRDC said this was due to strong industrial demand amid an expansion in high-tech manufacturing as well as a growing fleet of electric vehicles, plus demand for computing, along with air conditioning use, the article said, citing Xinhua news agency.The June 2026 versus June 2025 increase in power consumption was less pronounced, the article said, with the NEA putting the rise at 3.7% to 898.1 billion kilowatt hours last month. Industrial demand over that period rose 10.3% however.Xinhua reported that power consumption from internet data services climbed 44% from a year earlier in H1 to 49.4 billion kWh. Power demand from EV charging and battery swapping services soared 56.9 percent to 81 billion kWh in the first half of 2026, the news agency said.

Research26d ago

Piper Sandler Initiates AST SpaceMobile at Overweight With $100 Price Target

AST SpaceMobile (ASTS) has an average rating of hold and mean price target of $85.91, 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)

$ASTS

Research26d ago

Benchmark Initiates CEVA at Hold

CEVA (CEVA) has an average rating of buy and mean price target of $48.11, 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)

$CEVA

Asia26d ago

Bharat Heavy Electricals Turns to Fiscal Q1 Profit

Bharat Heavy Electricals (NSE:BHEL, BOM:500103) recorded an attributable profit of 3.77 billion rupees in the quarter ended June 30, compared with a loss of 4.56 billion rupees a year prior.Earnings per share stood at 1.08 rupees, compared with a loss per share of 1.31 rupees in the year-ago period, according to a Thursday Indian bourse filing.Total income rose to 79.1 billion rupees from 56.6 billion rupees in the corresponding period of the previous fiscal year.

BOM:500103NSE:BHEL

Asia Markets26d ago

Tech Caution Undercuts Wall Street Pre-Bell; Asia Mixed, Europe Off

Wall Street futures pointed moderately lower pre-bell Thursday, as traders weighed tech issues and noted slipping Taiwan Semiconductor Manufacturing (TSM) shares after the industry colossus reported strong Q2 results.In the futures, the S&P 500 fell 0.1%, and the Nasdaq declined 0.6%, although the Dow Jones was up 0.3%.The VanEck Semiconductor ETF (SMH) traded down 2.2% pre-bell.Taiwan Semiconductor Manufacturing reported a year-on-year revenue increase of 36% in Q2, while net profit rose by 77.4%, topping outlooks. Nevertheless, shares traded down 4.2% pre-bell in New York, with some reports citing concerns regarding rising company capital outlays.Traders also await the 8:30 am ET release of the June retail sales report from Washington, sure to be parsed for clues to consumer behavior.Asian exchanges gyrated overnight, with Hong Kong gaining, while Tokyo lost ground and Seoul's KOSPI Index fell back 6.4% in a tech rout. European bourses tracked moderately south midday on the continent.Also on the economic calendar is the weekly jobless claims report at 8:30 am ET, along with the Philadelphia Fed Manufacturing Index for July.May business inventories, the July NAHB Housing Market Index, and the July NAR Pending Home Sales Index log at 10 am.The weekly EIA natural gas bulletin posts at 10:30 am.Federal Reserve Dallas President Lorie Logan, Kansas City President Jeffrey Schmid, and Vice Chair Philip Jefferson are slated to speak on Thursday.In pre-market action, Bitcoin traded at $64,200, West Texas Intermediate crude oil traded evenly at $76.92, and 10-year US Treasuries offered 4.57%. Spot gold commanded $4,033 an ounce.

Dow JonesNasdaq CompositeS&P 500

Mining & Metals26d ago

Azimut Announces Partner-Funded Exploration Program at Kukumas Property in Quebec

Azimut Exploration (AZM.V) said a partner-funded exploration program is starting on the Kukamas Property in Quebec.The C$3.4-million will be deployed over the two blocks of the property. A 5,000-meter drilling campaign will be undertaken, primarily to expand the high-grade nickel-PGE (platinum group elements) Perseus Zone on the property, a statement said.KGHM International, which has earned a 50% interest in Kukumas, is entering the second option phase to earn an additional 20% interest when it delivers a preliminary economic assessment. Azimut remains the operator of the 2026 program.

$AZM.V

Research26d ago

Raymond James Initiates Rogers Communications at Outperform

Rogers Communications (RCI) has an average rating of overweight and mean price target of $42.57, 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)

$RCI

Research26d ago

Raymond James Initiates BCE at Market Perform With CA$37 Price Target

BCE (BCE) has an average rating of overweight and mean price target of CA$36.55, 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)

$BCE

Commodities26d ago

Gas, Power Markets Increasingly Interconnected Due to Growing AI Demand, Wood Mackenzie Says

With soaring North American electricity demand growth, natural gas remained a key part of the energy mix, ensuring stable, reliable, and dispatchable power, which has led to both the gas and power markets becoming increasingly interconnected, according to analysts at Wood Mackenzie.According to the report, the aggressive expansion of AI data center projects is driving this demand, with 900 gigawatts of planned projects, of which 220 GW are highly likely to proceed.While tech giants and hyperscalers increasing rely on renewables to power these projects, the report noted that this was largely through "offsets and renewable energy credits," while natural gas still remained the predominant generating source.The report also noted that gas was the preferred choice for behind-the-meter generation, helping data center projects bypass grid connection constraints.Analysts also pointed to North America's expanding liquefied natural gas export industry as an increasingly important transmission channel between global energy markets and domestic gas prices.Wood Mackenzie estimates that about 13 million to 14 million metric tons of global LNG supply remains unavailable because of disruptions stemming from the Middle East conflict, with damage to some production facilities potentially taking as long as five years to repair.This is compelling international buyers to secure more US LNG cargoes, leading to higher domestic gas prices, which in-turn is pushing up electricity prices as well, highlighting the growing connect between the gas and power markets in 2026.

Research26d ago

Raymond James Initiates TELUS at Market Perform With CA$18.50 Price Target

$TU

Mining & Metals26d ago

Auriginal Mining Mobilizes Second Drill Rig to Roger; Plans $2 Million Phase 2 Drill Program

Auriginal Mining's (AUME.V) second drill was mobilized to the Roger project to fast track its Phase 1 drill program, prepare for definition drilling of the newly expanded porphyry Cu-Au mineralized system, and to better define VMS mineralization intersected to date, it said in a statement on Thursday.The company has seen good depth and strike continuity of the Roger porphyry Cu-Au system from the drilling, as well as extensions to the interpreted VMS horizon. Planning for the C$2.0 million, Phase 2 program will start upon receipt of all assay results from the current program, it said."In addition, we intend to reassess the historical resource estimate published in 2018 in consideration of the significant increases we have seen in commodity prices," said Auriginal Mining CEO Peter Cashin. The expanded Phase 2 program will start later this summer or early fall.Shares of the company closed down 10% to C$0.045 on Wednesday on the TSX Venture Exchange.

$AUME.V

Mining & Metals26d ago

Orvana Minerals' Fiscal Q3 Production Rises YoY

Orvana Minerals (ORV.TO) reported fiscal third-quarter production of 10,833 gold equivalent ounces, up from 10,008 gold equivalent ounces a year earlier.The Orovalle operation is on track to meet fiscal 2026 production guidance, the company said Thursday. The mill processed 131,244 dry tonnes during the quarter, up from 116,626 dry tonnes a year earlier.

$ORV.TO

US Markets26d ago

United Airlines Raises Full-Year Earnings Outlook, Flags $6 Billion in Additional Fuel Costs Amid Rising Oil Prices

United Airlines (UAL) raised the low end of its full-year earnings outlook and reported upbeat second-quarter results, but the air carrier warned that rising oil prices are expected to add nearly $6 billion to its fuel costs this year, sending its shares lower early Thursday.The company anticipates about $6 billion in added fuel expense for 2026 based on oil prices as of Tuesday, compared with expectations at the start of the year, it said late Wednesday. United Airlines forecasts an all-in average fuel price of about $3.69 per gallon in the ongoing three-month period.The stock was down 2.3% in the most recent premarket activity.Crude prices are rising following renewed tensions between the US and Iran, just weeks after the two countries signed a memorandum of understanding to end their war that began at the end of February.In the second quarter, fuel expense was up $2.3 billion, or 84% year over year. United Airlines said it recovered approximately half of this increase. The company expects to recover about 80% to 90% of the increase in the current quarter and all of it in the subsequent period.United Airlines now estimates adjusted earnings to be in a range of $9 to $11 per share for 2026, reflecting a higher bottom end than the previous guidance of $7. The company said it expects to be above the high end of the guidance if fuel prices return to their levels seen in early July. The current consensus on FactSet is for non-GAAP EPS of $10.47.The company's adjusted EPS fell to $1.99 in the June quarter from $3.87 the year before, but topped the Street's view for $1.91. Operating revenue climbed 16% to $17.67 billion, surpassing the average analyst estimate of $17.62 billion.Domestic passenger revenue advanced 20% to $9.51 billion, while international passenger revenue improved 11% to $6.59 billion, amid gains across the majority of regions. Cargo revenue grew 23% on a yearly basis, according to the company.Total revenue per available seat mile rose 12% year over year while capacity increased 3.5%. Cost per available seat mile grew 15.2%, while unit costs excluding fuel moved 6.1% higher. Fuel price per gallon surged 79% on a yearly basis to $4.19.Last week, Delta Air Lines (DAL) reported stronger-than-expected second-quarter results and reiterated its full-year earnings outlook.For the ongoing quarter, United Airlines anticipates adjusted EPS to come in between $2.50 and $3.50. The Street is currently looking for non-GAAP EPS of $3.50. The company expects unit revenue growth in the third and fourth quarters to exceed the pace seen in the second quarter.

$UAL

Asia26d ago

Update: Cathay Financial Reports Position Adjustment for Chief Investment Officer

(Updates throughout to add more details from a separate same-day filing)Cathay Financial (TPE:2882) on Thursday reported a position adjustment for Chief Investment Officer, effective the same day.Specifically, the financial services group dismissed Liu Shan-Chi as vice chair at its Cathay Securities Investment Trust unit and named the business's acting general manager.

TPE:2882

Research26d ago

Wedbush Initiates Duolingo at Neutral With $139 Price Target

Duolingo (DUOL) has an average rating of hold and mean price target of $109.43, 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)

$DUOL

Treasury26d ago

Muted Bond Reaction After Bank of Canada Holds Rates Despite Positive Outlook, Deutsche Bank Says

The market reaction was muted following the Bank of Canada's decision to keep interest rates unchanged on Wednesday, as widely expected by consensus, according to Deutsche Bank Research in a note.Although the central bank struck a somewhat more positive tone in its statement, highlighting that the economy was "showing signs of improvement," the message had little impact on the bond markets, wrote the bank in its "Early Morning Reid - Macro Strategy" note of Thursday.The 10-year Canadian government bond yield dropped 4.3 basis points, matching the decline in 10-year US Treasury yields, added Deutsche Bank.

$CXY

Asia26d ago

Activia Properties' Six-Month Profit Rises 14%

Activia Properties' (TYO:3279) profit rose 14% to 8.46 billion yen for the six months ended May 31 from 7.39 billion yen the previous half-year period.The REIT's basic earnings per unit increased to 3,558 yen from 3,111 yen in the prior six-month period, according to a Tokyo bourse filing on Thursday.Operating revenue jumped 7.2% to 17.7 billion yen from 16.5 billion yen in the preceding half-year period.Activia Properties declared a cash distribution of 3,204 yen per unit for the period, payable from Aug. 17.For the fiscal period ending Nov. 30, the REIT expects profit of 8.63 billion yen and operating revenue of 18.4 billion yen.For the subsequent half-year ending May 31, 2027, the REIT expects profit of 8.05 billion yen and operating revenue of 17.9 billion yen.Activia plans to pay distributions of 3,278 yen per unit for the half-year ending November 2026 and 3,279 yen for the six months ending May 2027.

TYO:3279

Showing 15201-15220 of 71240

US Markets26d ago

United Airlines Raises Full-Year Earnings Outlook, Flags $6 Billion in Additional Fuel Costs Amid Rising Oil Prices

$UAL