Financial News · Live Terminal

Page 78 of 3048

US Equity Markets Close Lower as Escalating Middle East Tensions Lift Oil Prices

US equity indexes ended lower Wednesday as US-Iran tensions continued to escalate, boosting crude oil prices.* The US will destroy an Iranian bridge or power plant, including those in and around Tehran, every time it attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post. In a post on X, Iran's Foreign Minister Abbas Araghchi said, "Our defense doctrine is clear: eye for an eye."* The probability of the Federal Reserve raising the policy rate for July increased to 33.7% from 10.7% a week ago, according to the CME FedWatch tool.* August West Texas Intermediate crude oil rose $2.24 to settle at $86.62 per barrel, while September Brent crude, the global benchmark, was last seen up $2.88 at $93.92.* Super Micro Computer (SMCI) shares rose 20%, the top gainer on the S&P 500, a day after the company said it expects fiscal Q4 GAAP and non-GAAP gross margins in the range of 15% to 17%, above its 8.2% to 8.4% forecast.* Space Exploration Technologies' (SPCX) SpaceXAI unit is exploring several potential sites in Texas for at least one new large-scale data center, The Information reported. The stock fell 6.7%, the biggest drop on the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$SMCI$SPCX

Wire3d ago

IBM Q2 Adjusted Earnings, Revenue Rise; Shares Gain After Hours

International Business Machines (IBM) reported Q2 adjusted earnings late Wednesday of $2.93 per diluted share, up from $2.80 a year earlier.Analysts polled by FactSet expected $2.95.Revenue in the three months ended June 30 rose to $17.16 billion from $16.98 billion a year earlier.Analysts expected $17.48 billion.The company now expects full-year constant currency revenue growth in the range of 4% to 5%.IBM shares rose 3.8% in after-hours trading.

$IBM

Wire3d ago

Las Vegas Sands Q2 Adjusted Earnings, Revenue Fall

Las Vegas Sands (LVS) reported Q2 adjusted earnings late Wednesday of $0.59 per diluted share, down from $0.79 a year earlier.Analysts polled by FactSet expected $0.76.Revenue for the three months ended June 30 was $3.15 billion, down from $3.18 billion a year earlier.Analysts expected $3.31 billion.The company maintained its quarterly dividend at $0.30 per share, payable Aug. 12 to stockholders of record Aug. 4.

$LVS

Wire3d ago

CSX Fiscal Q2 Earnings, Revenue Rise

CSX (CSX) reported fiscal Q2 net earnings late Wednesday of $0.54 per diluted share, up from $0.44 a year earlier.Analysts surveyed by FactSet expected $0.52.Revenue for the three months ended June 30 was $3.94 billion, up from $3.57 billion a year earlier.Analysts expected $3.89 billion.

$CSX

Sectors3d ago

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks advanced late Wednesday afternoon with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index climbed 1%, and the Dow Jones US Utilities Index gained 1.8%.Crude oil prices rose amid escalating tensions between the US and Iran. The US will destroy an Iranian bridge or power plant, including facilities in and around Tehran, every time Iran attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post.West Texas Intermediate crude oil climbed 3.3% to $87.13 a barrel, and global benchmark Brent advanced 3.7% to $94.38 a barrel. Henry Hub natural gas futures rose 2.9% to $2.95 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 3.0 million barrels in the week ended July 17 following a decrease of 4.7 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 2.0 million barrels after a 1.7-million-barrel drop in the previous week, compared with the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.Separately, NextEra Energy (NEE), Duke Energy (DUK), Equinix (EQIX) and Digital Realty Trust (DLR) are among nearly 200 companies backing US President Donald Trump's pledge to limit consumers' exposure to rising electricity bills driven by AI, The Wall Street Journal reported, citing a White House list of signatories.In corporate news, EQT (EQT) shares jumped 7.9% a day after the company reported Q2 revenue above market expectations.Equinor (EQNR) shares climbed 6.2% after the company posted higher Q2 adjusted earnings and revenue.Eni (E) shares added 1.6% after it said Wednesday it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.GE Vernova (GEV) is preparing contracts to help strengthen Venezuela's power grid and would be close to signing them had the country not suffered a recent earthquake, Bloomberg reported Wednesday, citing an interview with Chief Executive Officer Scott Strazik. GE Vernova shares were down 8.1%.

$E$EQNR$EQT$GEV

Commodities3d ago

US Biofuels Update: Buying Frenzy Pushes Up Soybean Complex

Biofuels feedstock futures closed higher on Wednesday, with buyers propping up soybean and soybean oil prices.The Chicago Board of Trade August soybean futures contract closed 1.11% higher at $12.33 per bushel, while the CBOT August soybean oil futures contract settled 1.59% higher at 75.48 cents per pound.The Nymex August ethanol futures contract settled 0.39% lower on Tuesday at $1.92 per gallon.Rhett Montgomery, a DTN analyst, said it was a risk-on day for many commodity markets, with the November soybean futures contract trading to the highest most active price in over two years."The buying was seen across all major commodities (and a new round of contract highs for several), influenced by a concerning weather outlook for the US Grain Belt through the first days of August, as well as a continued rise in outside energy futures with crude oil higher now in seven of the past eight sessions," Montgomery said.On Wednesday, the Energy Information Administration reported that for the week ending July 17, US ethanol production averaged 1.09 million barrels per day, up from last week's 1.04 million b/d and above last year's 1.08 million b/d.The four-week average output at 1.09 million b/d was below 1.08 million b/d a year ago.Domestic ethanol inventories ended the week at 24.5 mmbbls, up from 24.4 mmbbls a week ago and from 24.4 mmbbls a year ago.

Wire3d ago

Hershey Q2 Print Unlikely to Be Meaningful Catalyst, UBS Says

Hershey's (HSY) fiscal Q2 results are unlikely to be a meaningful catalyst in either direction as the company is expected to maintain its full-year outlook, UBS Securities said.The company is scheduled to report its fiscal Q2 results Thursday before the market opens.UBS said in a note Tuesday the chocolate maker has underperformed its XLP and packaged food peers by 6.7% and 10.2%, respectively, since reporting Q1 earnings, as volatile tracked data, rising cocoa costs and concerns on the broader competitive environment have weighed down investor sentiment.The investment firm forecasts the company will report Q2 EPS of $1.38, below the Visible Alpha consensus estimate of $1.43. It expects Hershey to reiterate its fiscal 2026 guidance, including net sales growth of 4% to 5% and EPS growth of 30% to 35%.Investors will be closely watching for updates on the company's second-half sales trajectory and greater clarity on fiscal 2027 EPS growth, according to the note.UBS maintained its neutral rating and price target of $190.Price: $171.63, Change: $+1.00, Percent Change: +0.58%

$HSY

Sectors3d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding about 0.5%.The Philadelphia Housing Index rose 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) decreased 0.4%.Bitcoin (BTC-USD) was declining 1.2% to $65,726, and the yield for 10-year US Treasuries rose 2.9 basis points to 4.657%.In sector news, Kalshi said Wednesday that it will launch a new election portal aimed at becoming a key reference point for US election odds ahead of the November midterm elections, according to multiple media reports.In corporate news, the EU is preparing to revisit airline ownership rules to tighten limits on foreign control of carriers, Reuters reported Wednesday, citing an EU official. The move may complicate US bids for easyJet, which is the target of competing takeover offers from New York-based Apollo Global Management (APO) and Minneapolis-based Castlelake, the report said. Apollo shares were up 0.4%.Morgan Stanley's (MS) wealth management unit has gained more than $70 billion in net new assets during Q2, largely fueled by the initial public offering of SpaceX (SPCX), Bloomberg reported. Morgan Stanley shares rose 1.1%.Coinbase (COIN) has settled its Freedom of Information Act lawsuit against the US Securities and Exchange Commission with the regulator agreeing to provide additional documents and pay $150,000, a court filing said Wednesday. Shares were off 5.3%.CME (CME) shares jumped 5% after it reported Q2 adjusted earnings Wednesday of $2.99 per diluted share, up from $2.96 a year earlier. Analysts polled by FactSet expected $2.91.

$APO$CME$COIN$MS

Wire3d ago

Top Cryptocurrencies Fall; Bitcoin Drops Below $66,000

Top cryptocurrencies fell Wednesday, with Bitcoin (BTC-USD) dropping below $66,000.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell 0.6% in the past 24 hours. The Nasdaq 100 lost 0.5%, the S&P 500 declined 0.1%, and the Dow Jones Industrial Average was little changed.Bitcoin fell 0.9% to $65,832, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume fell 1.9% to $28.8 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, rose 0.1% to $1,924.XRP (XRP-USD) lost 1.8%, BNB (BNB-USD) fell 0.5%, and Solana (SOL-USD) declined 0.4%. Dogecoin (DOGE-USD) dropped 1.4%, and Cardano (ADA-USD) added 0.6%.The US 10-year Treasury yield stood at 5.167% at 3 p.m. ET Wednesday, up from 5.141% Tuesday, while the five-year yield rose to 4.405% from 4.368%.The total market value of the cryptocurrency industry fell 0.6% in the past 24 hours to $2.24 trillion, with trading volume declining 6.2% to $65.4 billion.Price: $65837.23, Change: $-671.64, Percent Change: -1.01%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Sectors3d ago

Sector Update: Healthcare Stocks Softer Late Afternoon

Healthcare stocks declined late Wednesday afternoon, with the NYSE Healthcare Index down 0.4% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.5%.The iShares Biotechnology ETF (IBB) fell 0.9%.In corporate news, Repligen (RGEN) has agreed to acquire BioLife Solutions (BLFS) in a deal valued at about $1.5 billion, the companies said. Repligen shares climbed 2.3%, and BioLife jumped past 6%.Amgen (AMGN) has agreed to pay $74 million to settle a shareholder lawsuit alleging the company waited too long to disclose it may owe the Internal Revenue Service $10.7 billion in back taxes, penalties and interest, news outlets reported Tuesday. Amgen shares were down 0.1%.Arrowhead Pharmaceuticals (ARWR) shares surged past 20% after the company said its phase 3 clinical studies of plozasiran to treat hypertriglyceridemia met the primary endpoint of triglyceride reduction compared with placebo.GSK (GSK) shares were fractionally higher after it said Wednesday the US Food and Drug Administration has approved Jideytro, a ROS1-selective inhibitor, to treat adults with locally advanced or metastatic ROS1-positive non-small cell lung cancer who have previously received a ROS1 kinase inhibitor.

$AMGN$ARWR$BLFS$GSK$RGEN

Wire3d ago

Dr. Reddy's Laboratories Shares Fall After Earnings Falls

Dr. Reddy's Laboratories (RDY) shares fall 8% in Wednesday trading after it posted Q1 earnings of $0.06 per share, down from 0.18 a year ago.Factset analysts expected $0.09.For the quarter ended June 30, the company posted revenue of $853 million.Factset analysts expected $848.8.Price: $11.41, Change: $-1.15, Percent Change: -9.16%

$RDY

US Markets3d ago

Majority of Residents Oppose AI Data Center Construction in Their Area, Redfin Survey Shows

A majority of US residents object to artificial intelligence data centers being built near their homes despite the economic benefits of such projects, a Redfin.com survey showed Wednesday.Some 53% of Americans opposed construction of those data storage and processing facilities in their neighborhoods, while 34% expressed support, according to the online real estate brokerage. The survey covered 4,000 respondents, who were asked about how they feel about certain types of properties being built in their areas."People are concerned about noise, increased traffic, heavy water and electricity use, and how a large industrial building might change the feel of their neighborhood," Redfin Premier agent Matt Ferris said. "Right or wrong, the perception is that data centers will change neighborhoods in a negative way."AI data centers can provide educational and other benefits to local communities, according to the report.US technology giants Amazon.com (AMZN), Meta Platforms (META), Microsoft (MSFT), and Alphabet (GOOG, GOOGL) are expanding their data center footprints in the US and globally amid robust demand for AI and cloud services.New York imposed a ban on the construction of new large-scale data centers using at least 50 megawatts of power for up to one year, the first US state to do so, according to a CNBC report last week.Roughly 39% of respondents opposed construction of a new apartment complex in their neighborhood, while 32% were against a mixed-use development, the Redfin survey showed Wednesday. Some 48% opposed converting single-family homes into smaller dwellings to increase supply in their area.In terms of age group, older generations are more likely than the younger ones to oppose data centers in their area, according to the report.Price: $244.09, Change: $-3.46, Percent Change: -1.40%

$AMZN$GOOG$GOOGL$META$MSFT

Commodities3d ago

US Agencies Sign Pact to Prepare Framework for Potential Offshore Nuclear Projects

The US Marine Minerals Administration and the Nuclear Regulatory Commission on Wednesday signed a memorandum of understanding to establish a regulatory framework for potential commercial nuclear energy projects on the country's outer continental shelf.The agreement is set to strengthen coordination between the two agencies should developers seek to deploy advanced nuclear technologies offshore. No commercial offshore nuclear projects have been approved or are currently planned, the Bureau of Ocean Energy Management said.The MoU outlines how the agencies will cooperate on licensing, oversight and environmental reviews, while clarifying their respective regulatory responsibilities and providing guidance to prospective developers."Submerged reactor systems have been safely deployed in naval applications for decades, demonstrating their potential as a reliable source of energy in demanding marine environments," said Matt Giacona, MMA acting director.The agencies said the MoU seeks to ensure that any future offshore nuclear projects are developed safely and in an environmentally responsible manner by improving interagency communication, defining areas of jurisdiction and streamlining regulatory processes.The accord comes as the Trump administration seeks to expand the role of advanced nuclear reactors across the US energy system through a series of executive orders aimed at accelerating reactor deployment, reforming nuclear testing and rebuilding the domestic nuclear industrial base.No timeline was provided for potential licensing applications, and officials emphasized the memorandum does not authorize or approve any specific offshore nuclear project.

Japan3d ago

Update: US Equity Indexes Mixed as Crude Oil Jumps While Investors Await Alphabet, Tesla's Earnings

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as government bond yields followed crude oil prices higher and investors awaited quarterly results from mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA).The Nasdaq Composite fell 0.3% to 25,756.3 ahead of Wednesday's close. The S&P 500 slipped less than 0.1% to 7,507.8, while the Dow Jones Industrial Average leaned slightly higher to 52,254.6.Alphabet and Tesla, both a part of the so-called Magnificent-7 group of stocks with a significant index sway, will report after the bell on Wednesday.In geopolitical news, the US will destroy an Iranian bridge or power plant, including those in and around Tehran, every time it attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post on Wednesday.Iran's Foreign Minister Abbas Araghchi posted on X, formerly Twitter, saying "our defense doctrine is clear: eye for an eye.""Any aggression against Iran, including our infrastructure, will compel a powerful and decisive response," he posted on Wednesday. "Those who contribute to such aggression, whatever the kind of support, will also be considered as legitimate targets."Seven tankers have changed course in the Red Sea to avoid the Bab el-Mandeb Strait since the Houthis' threat on Tuesday to block Saudi oil exports, Reuters reported. The Iran-aligned Houthis have reportedly completed preparations to target vessels near the Bab el-Mandeb Strait, which connects the Red Sea to the Gulf of Aden and Arabian Sea. The Bab el-Mandeb Strait is an alternative route to the Strait of Hormuz, which remains effectively closed due to tensions between the US and Iran.The front-month US West Texas Intermediate climbed 3.1% to $86.97 a barrel, and global benchmark North Sea Brent jumped 3.5% to $94.22 a barrel.US Treasury yields rose, extending gains from Tuesday. The 10-year marched 3.1 basis points higher to 4.66%, its strongest level in a month. The two-year jumped 4.1 basis points to 4.3% after yields hit the highest in 52 weeks.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$TSLA

Sectors3d ago

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.8%.In corporate news, Paramount Skydance (PSKY) won conditional approval from the European Commission for its acquisition of Warner Bros. Discovery (WBD). Paramount shares rose 2.5%, and Warner gained 0.3%.Uber (UBER) and Lyft (LYFT) were granted a preliminary injunction by US District Judge Gregory Woods, blocking a recently enacted New York City law protecting ride-share drivers from "wrongful deactivations." Uber shares fell 2%, and Lyft slumped 4.2%.Alaska Air (ALK) shares fell 3% after the airline issued a Q3 earnings outlook below market estimates and swung to a Q2 loss as higher fuel costs weighed on results.Philip Morris International (PM) reported better-than-expected Q2 results and reiterated its full-year outlook. The shares climbed 3.3%.

$ALK$LYFT$PM$PSKY$UBER$WBD

Oil & Energy3d ago

Market Chatter: QatarEnergy Expected to Continue LNG Force Majeure

QatarEnergy is preparing to keep force majeure in place on liquefied natural gas exports until at least mid-October, Bloomberg reported Wednesday, citing people familiar with the matter.Several customers in Europe and Asia expect the producer to notify buyers of the extension in the coming weeks, the report said. QatarEnergy has already canceled some cargoes scheduled for August and September, and a longer disruption could intensify competition for LNG cargoes ahead of winter.QatarEnergy did not immediately reply 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 rumors and speculation. Accuracy is not guaranteed.)

Wire3d ago

Equinox Gold Shareholders Approve Merger With Orla Mining

Equinox Gold (EQX) said Wednesday its shareholders approved the share issuance resolution required for the company's proposed merger with Orla Mining (ORLA).Orla securityholders also approved the combination, Equinox said. If all conditions are satisfied or waived, the arrangement is anticipated to close on July 31, it added.Price: $9.36, Change: $+0.30, Percent Change: +3.31%

$EQX$ORLA

Sectors3d ago

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) fractionally lower and the State Street SPDR S&P Semiconductor ETF (XSD) up 0.4%.The Philadelphia Semiconductor index climbed 0.9%.In corporate news, Super Micro Computer (SMCI) shares surged past 20% after the firm said it expects fiscal Q4 GAAP and non-GAAP gross margins to be 15% to 17%, significantly above its 8.2% to 8.4% forecast, due to a favorable customer and product mix.Advanced Micro Devices (AMD) committed to invest up to $5 billion in Anthropic, while the companies entered into a strategic partnership covering AMD chips. AMD will make the investment in the AI firm "in the future," the companies said Wednesday. AMD shares rose 3.1%.Amazon (AMZN) is eliminating some roles within parts of its artificial general intelligence organization, a company spokesperson confirmed toWednesday in an emailed statement. Amazon shares were shedding 1.2%.SpaceX's (SPCX) SpaceXAI unit is exploring several potential sites in Texas for at least one new large-scale data center, The Information reported. SpaceX shares were down 5.6%.

$AMD$AMZN$SMCI$SPCX

Sectors3d ago

Sector Update: Energy

$EQT

Wire3d ago

J.B. Hunt Transport Services Keeps Quarterly Dividend at $0.45 a Share, Payable Aug. 21 to Holders of Record Aug. 7

$JBHT

Showing 1541-1560 of 60957

Sectors3d ago

Sector Update: Energy Stocks Gain Late Afternoon

$E$EQNR$EQT$GEV