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OPEC Lowers 2026 Global Oil Demand Outlook, Raises 2027 Estimate

The Organization of the Petroleum Exporting Countries reduced its global oil demand growth outlook for this year while upgrading its projection for 2027.The cartel now expects oil consumption to rise by 780,000 barrels a day in 2026, it said in its latest monthly market report Monday. Last month, OPEC estimated demand to increase by 970,000 barrels. For next year, the cartel now expects world oil demand to rise by 1.94 million barrels a day, compared with its prior forecast of a 1.73-million-barrel gain.West Texas Intermediate crude oil was up 5.1% at $75.8 a barrel in afternoon trade, while Brent gained 5.3% to $80.03 following renewed hostilities in the Middle East between the US and Iran.Earlier this month, OPEC and its allies -- dubbed as OPEC+ -- agreed to further increase output targets by 188,000 barrels a day from August.Last week, the International Energy Agency projected a smaller decline in global oil demand in 2026 amid signs of a rebound in consumption as crude flows improve.OPEC on Monday held its global economic growth forecasts steady at 3.1% for 2026 and 3.2% for 2027. US gross domestic product is still seen rising 2.2% and 2% in 2026 and 2027, respectively, with the cartel saying the world's largest economy has "continued to show solid growth momentum.""Potential moderations in geopolitical tensions may provide some upside for global growth in (the second half of 2026) if energy markets and trade flows stabilize further, although uncertainties remain," OPEC said. "Moreover, fiscal and structural measures in several key economies have so far helped to counterbalance downside risks in (the first half of 2026), supporting domestic demand and investment."The cartel now forecasts liquids production from countries not participating in the Declaration of Cooperation, or DoC, to rise by 640,000 barrels a day this year, versus its prior estimate of 630,000 barrels.The DoC is the name for OPEC+, which comprises OPEC and non-OPEC allies. Liquid production includes crude oil, condensate and natural gas liquids.

International27d ago

Fed Governor Waller Says Concerned About 'Elevated Pace' of Core Inflation

Japan27d ago

Update: US Equity Indexes Drop, Crude Oil Surges as Iran Tensions Intensify

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell after crude oil prices jumped with government bond yields amid reports that President Donald Trump will reinstate a blockade on Iranian ships transiting the Strait of Hormuz.The Nasdaq Composite dropped 1.3% to 25,939.4, with the Dow Jones Industrial Average down 0.5% to 52,383.7 and the S&P 500 lower by 0.7% to 7,523.7 after midday Monday.Technology led decliners, while energy topped the gainers.US President Donald Trump said Monday that Iranian ships will no longer be able to travel through the Strait of Hormuz and that America would charge a 20% toll on eligible cargo, escalating tensions after a weekend of attacks by both nations to assert control of the critical waterway, the Associated Press reported.The US launched several waves of heavy strikes on Iran into Monday morning, hitting some 140 targets, in response to an Iranian attack on a container ship in the Strait of Hormuz, the news report said. Iran retaliated by targeting countries across the Middle East, it added.The front-month global benchmark North Sea Brent surged 5.1% to $79.92 a barrel, and the US West Texas Intermediate soared 5.1% to $75.06 a barrel.US Treasury yields rose, with the 10-year up 4.5 basis points to 4.61% and the two-year jumped 6.5 basis points to 4.27%.

Dow JonesNasdaq CompositeS&P 500

Commodities27d ago

Refiners Rally as Renewed US-Iran Fighting Lifts Fuel Margins, TPH Says

US refining equities surged last week, outpacing the broader market as renewed fighting between the US and Iran stoked concerns over energy supplies, driving a sharp climb in gasoline and diesel cracks, TPH Energy Research strategists said in a note Monday.TPH analysts said refining equities jumped 8% last week, outperforming the broader S&P 500, which gained 1.2%.Matthew Blair, analyst at TPH Energy, said higher-beta refiners led the advance, with Par Pacific Holdings (PARR) shares rising 12.5%, PBF Energy (PBF) gaining 11.2%, and CVR Energy (CVI) climbing 8.7%.Blair said that the rally came as renewed US-Iran tensions have stoked concerns over potential disruptions to crude and refined product flows, pushing gasoline and diesel margins higher.US gasoline cracks rose by about $3 per barrel last week to $40/bbl, with the West Coast and Rockies regions posting the strongest gains.Diesel margins climbed even more sharply, surging $10/bbl to $53/bbl, buoyed by stronger pricing across the West Coast, Rockies, Gulf Coast and Midwest markets.TPH said the East Coast and Gulf Coast markets entered Q3 with the largest improvement in refining margins over the quarter.Meanwhile, global markets showed mixed signals. Northwest Europe gasoline margins climbed $3/bbl to $37/bbl, reaching the highest level in five years, while Singapore gasoline margins weakened by $5/bbl to $23/bbl amid softer regional demand and supply dynamics.TPH said forward refining margins also strengthened. The 2026 and 2027 6-3-2-1 crack spread futures curves improved by $2/bbl and $3/bbl, respectively, reaching $19/bbl and $14/bbl, driven largely by gains in diesel markets.Crude oil differentials also improved during the week. TPH said Syncrude and Alaska North Slope crude each widened by $8/bbl over Brent, while other grades, including WTI, Mars, Maya, Western Canadian Select at Houston, Western Canadian Select premiums at Hardisty and Bakken also strengthened.WTI differentials improved by $1/bbl, while Mars and Maya gained $1/bbl each. Bakken widened by $2/bbl, the bank said.However, despite the recent rally, most refining stocks remain valued below their three-year forward consensus enterprise value-to-EBITDA averages.TPH said only Marathon Petroleum (MPC) and Valero Energy (VLO) are currently trading above their historical valuation benchmarks.Price: $70.20, Change: $+4.42, Percent Change: +6.72%

$CVI$MPC$PARR$PBF$VLO

Commodities27d ago

Lower Natural Gas Prices Could Put Floor Under Gas Equities, TPH Energy Says

Natural gas prices approaching $3.25 per million British thermal units could begin to reduce supply expectations and eventually support gas equities despite persistent 2027 headwinds, TPH Energy said in a note on Monday.Front-month natural gas dropped sharply late last week, falling below $3/MMBtu, while the 2027 strip weakened to an average of about $3.35/MMBtu, the firm said.Investors largely attributed the selloff to maintenance at Freeport, where gas flows averaged 1.5 billion cubic feet per day on Sunday compared with 2.2 Bcf/d over the previous 30 days.Golden Pass Train 1 also continued to weigh on the market, as the facility consumed only 400 MMcf/d to 500 MMcf/d, well below its modeled 800 MMcf/d capacity, the firm said.Pipeline flows of about 110 Bcf/d matched TPH's July forecast, although last week's storage report came in weaker than expected. The firm also cautioned that Texas flow data remains unreliable.Strengthening Waha pricing and the startup of the Gulf Coast Express expansion suggest regional gas supply may prove stronger than reported. Channel checks also indicate previously shut-in Permian gas production has resumed, TPH Energy said.The firm has largely remained on the sidelines for gas-focused equities following downgrades issued last year and earlier this year. However, it believes most macro risks tied to 2027 are now reflected in share prices.Gas-focused stocks have fallen about 30% from recent highs over the past six months, with equity valuations implying a long-term natural gas price of roughly $3.50/MMBtu, the note added.Producers remain focused on 2027 and have largely dismissed weakness in the 2026 futures curve because restarting drilling programs later would prove difficult.TPH believes sustained prices below $3.25/MMBtu are more likely to reduce supply than demand. With the 2027 strip now only about 10 cents to 15 cents above that level, additional price weakness could lower production forecasts and ultimately establish a floor for gas equities, the firm said.

Oil & Energy27d ago

WTI Crosses 5% to Touch $75/bbl as Trump Reveals New Hormuz Plan

Mining & Metals27d ago

American Pacific Mining Says a Second Drill Rig Arrives at its Madison Copper-Gold Project

American Pacific Mining (USGD.CN) on Monday said a second drill rig has arrived and has started drilling at its Madison Copper-Gold Project in Montana.The reverse circulation drilling, part of the ongoing 15,000-meter program, will test a series of near-surface skarn targets, added American Pacific Mining on Monday."With RC drilling now underway to test multiple near-surface skarn targets and the core rig already stepping into the deeper porphyry environment, we are now in a position to generate steady results through the summer and, we hope, demonstrate the true scale of this system," said Managing Director of Exploration Eric Saderholm.Shares of the company were last seen unchanged at C$0.145 on the Canadian Securities Exchange.

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Wire27d ago

California AG-led Coalition Sues to Block Paramount Skydance-Warner Bros. Merger

Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) are facing a lawsuit from California Attorney General Rob Bonta led coalition of 12 state attorneys general seeking to block the companies' proposed $110 billion merger deal, the AG said Monday.The lawsuit argues the deal would eliminate competition between two of the industry's five major film distributors and two of the five major basic cable channel owners."The coalition has asked Warner Bros. and Paramount not to close the merger until after the judicial process concludes, and if they do not agree, the coalition will be filing a temporary restraining order," the AG added.Paramount Skydance and Warner Bros. Discovery didn't immediately respond to' requests for comment.Price: $9.74, Change: $+0.32, Percent Change: +3.45%

$PSKY$WBD

Mining & Metals27d ago

Update: Greenfire Resources to Buy Connacher Oil and Gas for C$1.28 Billion

(Updates with details on the acquisition and share movement. )Greenfire Resources (GFR.TO, GFR) shares rose 9.4% on Monday after it agreed to buy closely held Connacher Oil and Gas for C$1.28 billion in cash.Connacher's Great Divide oil-sands project is expected to produce 19,500 barrels of bitumen per day this year.The company expects, pro forma the acquisition, 2026 production of about 34,000 barrels per day (bbl/d) with proved plus probable reserves of 850 million of barrels of oil), with a long-term plan to increase production to about 65,000 Bbl/d.The company expects to finance the deal with a mix of debt and equity, comprised of an about C$700 million draw on an underwritten C$1.0 billion reserves-based loan, and a C$575 million underwritten bridge facility, which, post-closing of the acquisition, will be repaid with proceeds from an anticipated rights offering of Greenfire shares. The company expects to launch the rights offering in August.Waterous Energy Fund has committed to provide a standby commitment of at least C$575 million for the rights offering, the company said.Shares of Greenfire were last seen up C$0.74 to C$8.59 on the Toronto Stock Exchange.Price: $8.63, Change: $+0.78, Percent Change: +9.94%

$GFR.TO

Oil & Energy27d ago

Brent Hovers Near 5% at $79.86/bbl as Trump Reimposes Iranian Blockade, Rolls Out Hormuz Plan

Mining & Metals27d ago

TSX Down 60 Points at Midday With Most Sectors Lower; Energy The Best Performer

The Toronto Stock Exchange is down 60 points at midday on Monday, with most sectors in the red.Materials, down 1.6%, is the biggest decliner, followed by financials, down 0.7%.The energy sector, up 2.6%, is the best performer, as oil prices hit a three-week high following the resumption of hostilities between the US and Iran.In stocks, Greenfire Resources (GFR.TO) is up 9.7% to C$8.59 on the Toronto Stock Exchange after it said it is acquiring closely held oil-sands producer Connacher Oil and Gas for C$1.3 billion in cash.

S&P/TSX CompositeS&P/TSX Composite$GFR.TO

Treasury27d ago

Bank of Canada Likely to Hold Rates as Inflation Risks Ease and Growth Remains Soft, Say Economists

The Bank of Canada is expected to leave its policy rate unchanged on Wednesday for the sixth time in a row, acknowledging that inflation risks have eased as oil prices have fallen sharply in recent weeks, according to economists.Policymakers are also likely to reiterate that there is little evidence higher energy prices have spilled over into broader inflation, while emphasizing that they remain prepared to tighten policy if inflationary pressures re-emerge, said economists.UBS said in a note last week it sees a hold decision at the BoC, keeping the policy rate at 2.25%. "We expect the signal to remain standing pat amidst ongoing uncertainty with the Governor likely to lean into the scenarios that could lead to hikes (broader inflation pressures and stronger growth) or cuts (ongoing economic weakness with narrowly driven headline price pressures)."Canada's central bank is likely to concede that growth has fallen short of its April forecast. Although activity is expected to recover in the second quarter, persistent economic slack and trade uncertainty support a cautious, wait-and-see policy stance."Growth still looks tepid, with Q1 GDP undershooting the Bank of Canada's April forecast and Q2 tracking only a mild rebound," wrote Royce Mendes of Desjardins in a preview published on Monday.The BoC has set a high bar for any policy shift. Inflation concerns have eased as oil prices have fallen from recent highs, while economic data have improved after a weak stretch."Those factors will keep the BoC comfortable enough to keep from cutting rates again, while the persistent and sizeable output gap along with relatively tame underlying inflation limits the appetite for rate hikes," wrote Benjamin Reitzes of Bank of Montreal Capital Markets (BMO) in a Friday note.On Wednesday, Canada's central bank will also release the new quarterly Monetary Policy Report (MPR). Most economists forecast tweaks in the BoC's gross domestic product growth and inflation estimates. April's MPR saw 2026 GDP growth at 1.2% and inflation at 2.3%.The BoC may need to revise down its 2026 GDP growth forecast after the first quarter's small contraction, while it may revise up its inflation forecast in 2026, according to Derek Holt, vice-president and head of Capital Markets Economics at Scotiabank Economics.The MPR should point to a "modestly encouraging backdrop that nonetheless leaves the Bank with no reason to move," wrote Karl Schamotta, Corpay chief market strategist, on Monday in a note.As usual, BoC Governor Tiff Macklem will lead a press conference shortly after the policy statement is published at 9:45 a.m. ET Wednesday.

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Wire27d ago

California AG Sues to Block Paramount Skydance-Warner Bros. Merger

$PSKY$WBD

Wire27d ago

Gartner Likely to Post Q2 Contract Value Growth, RBC Says

Gartner (IT) is expected to deliver a modest improvement in Q2 contract value growth amid potential headwinds from companies redirecting IT spending toward generative AI plans, RBC Capital Markets said in a Sunday note.The report said Q2 contract value is expected to grow about 1.7%, driving revenue to about $1.67 billion and adjusted EPS to $3.85, both "moderately" above consensus.Looking ahead, modest improvement is expected in contract value growth on fading DOGE/tariff headwinds, better retention, and improving sales productivity, the report said."That said, we're tracking potential headwinds from companies redirecting discretionary IT spending toward GenAI initiatives," the note added.RBC kept its sector perform rating and a price target of $160.Price: $137.63, Change: $+4.39, Percent Change: +3.29%

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Wire27d ago

Market Chatter: Google Pitches Tensor Processing Units to Neoclouds

Alphabet's (GOOGL, GOOG) Google is one of the biggest buyers of Nvidia's (NVDA) AI server chips, but it has also been expanding its in-house AI chip business in a move that could challenge Nvidia's dominance, The Information reported Monday, citing people familiar with the matter.Google has begun pitching its tensor processing units to small cloud providers, or neoclouds, that have primarily built facilities to rent out Nvidia graphics processing units, according to the report.Google has also discussed financially backing TPU data centers developed by neoclouds to help fund chip and equipment purchases, while offering to lease back the TPUs for its own AI development, Google Search and advertising, or to rent them to Google Cloud customers, the report added.Alphabet and Nvidia did not immediately respond to a request for comment by.(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: $355.10, Change: $-2.08, Percent Change: -0.58%

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Wire27d ago

Street Color: Paramount Facing Lawsuit From 12 Attorneys General Over Proposed $110 Billion Acquisition of Warner Bros.

$PSKY$WBD

Asia Markets27d ago

DAX Index Ticks Up; German Current Account Falls

German equities closed the first trading day of the week higher, with the blue-chip DAX index up 0.19% at Monday's close, as the market assessed the latest economic data from the eurozone's largest economy alongside geopolitical updates.Germany posted a current account surplus of 10.4 billion euros in May, down by 6.2 billion euros month over month. The Bundesbank attributed the latest reading to a slight increase in trade surplus in goods, alongside a swing to deficit from surplus in so-called invisible current account transactions.Zooming out, the European Union and Bahrain launched negotiations on a strategic partnership agreement aimed at improving economic cooperation, resilience and innovation.On the Middle East war, multiple rounds of US airstrikes on Iranian defense systems and subsequent regional retaliation by Tehran sharply escalated the conflict over the weekend."The European gas market continues to look increasingly vulnerable to supply disruptions from the Persian Gulf. ... EU gas storage is currently less than 52% full, compared with a 5-year average of 67%. Continued supply tightness has coincided with heatwaves across Europe, increasing gas demand for power generation," ING said.In corporate news, Rheinmetall (RHM.F) said its share of a 15-year UK Army Collective Training System contract is worth just under 1 billion euros, as part of the involvement of its Rheinmetall Electronics UK unit with the Raytheon UK-led consortium. The German defense company will begin designing and delivering the land-based program in summer 2026. Rheinmetall was down 0.79% at closing.Maintaining its sell rating and price target of 62 euros, mwb Research cautioned that "stalling" domestic passenger volumes make Fraport's (FRA.F) full-year 2026 targets look "increasingly vulnerable.""Fraport's weak June and H1 traffic figures highlight a fragile domestic growth trajectory, with Frankfurt passenger volumes down 1.7% in June yoy and 0.8% in H1 yoy due to Lufthansa [LHA.F] strikes, high jet fuel prices, and geopolitical conflict in Iran. This stagnation creates an unfortunate mismatch with the April opening of the EUR 4bn Terminal 3 which adds 19m in annual passenger capacity and significantly escalates fixed costs. While a 1.0% increase in H1 group passengers offered minor cushion via international growth, performance there remains highly uneven," the research firm said. The Frankfurt airport operator gained 1.80% on Xetra, while Deutsche Lufthansa ended the session 4.14% in the red.

^DAX$FRA.F$LHA.F$RHM.F

Wire27d ago

UK's FTSE 100 Flat as US-Iran Tension Resurfaces

London's FTSE 100 ended little changed at 0.02% in the red on Monday, as investors evaluated the exchange of hostilities between the US and Iran over the weekend, with Iran claiming the effective closure of the Strait of Hormuz."Attacks on shipping in the Strait of Hormuz and US retaliation this week highlight the upside risk to our inflation forecast," Berenberg said July 10. "Investors' belief that the [Bank of England] will raise interest rates if oil prices rise again is a useful insurance policy that bears down on demand every time the US-Iran conflict flares up. Over time, we expect the incoming data to show that demand is already weak enough to prevent underlying inflation picking up, and the BoE to let its insurance policy of future rate hikes lapse."In corporate news, GSK's (GSK.L) phase 2 Azur-1 trial met its primary objective after Jemperli demonstrated sustained clinical complete responses at 12 months in patients with stage II/III mismatch repair deficient/microsatellite instability-high locally advanced rectal cancer. The positive interim results will be submitted to global regulators to aid Jemperli's review, including an accelerated evaluation in the US for rectal cancer. Shares of the pharmaceutical giant were off 0.41% in closing trade.International Consolidated Airlines Group (IAG.L) fell 2.25% to rank among the FTSE 100's worst performers as higher Brent crude prices, driven by the escalating US-Iran conflict, fueled concerns over rising jet fuel costs. Meanwhile, Deutsche Bank Research raised its price target on the airline group to 6.45 pounds from 5.40 pounds while reiterating its buy rating."On 19th June we raised our 2026 EBIT from ~EUR4.3bn to ~EUR4.8bn, factoring in the benefit of lower forward fuel prices for unhedged requirements in 2H26, while leaving our unit rev assumptions unchanged," analysts said. "Given the insights from our recent fares tracker however, we now lower our full year [passenger revenue per available seat kilometer] assumption from +4% to +2% and our EBIT moves back to ~EUR4.3bn. The volatility caused by the on/off conflict in the Middle East is making it hard to be precise with this year's earnings outcome."On the upside, Computacenter (CCC.L) jumped 2.43% after BofA Global Research initiated its coverage with a buy rating, noting that the technology and services provider is benefiting from the rapid growth in artificial intelligence-related infrastructure investments.Next, traders will receive the UK's monthly gross domestic product report for May on Thursday, before Andy Burnham's widely expected confirmation as Labour Party leader on Friday and as prime minister on July 20.

FTSE 100$CCC.L$GSK.L$IAG.L

Asia Markets27d ago

European Equities Mixed in Monday Trading; Eni to Fuel BMW Corporate Fleets With Renewable Diesel

European stock markets closed mixed in Monday trading with the Stoxx 600 down 0.1%, Germany's DAX fractionally higher, the UK's FTSE 100 shedding nearly 0.1%, and France's CAC rising 0.3%.Hostilities continued to re-escalate in the Middle East and Iran declared the Strait of Hormuz once again closed, driving up oil prices. The US and Iran traded heavy missile and drone attacks over the weekend, with the US military saying they hit Iranian military facilities, while Iran's Revolutionary Guards said they had struck US installations in Bahrain, Kuwait, Oman and Jordan.Brent Crude prices were climbing 4.8% to $79.67.In regulatory news, Alphabet's Google, Meta and Snap could face new restrictions in the EU as the European Commission prepares a proposal to limit children's access to social media platforms after the summer, Reuters reported, citing Commission President Ursula von der Leyen. According to the report, Von der Leyen said children need time in the "real world" to develop friendships, make mistakes and shape their identities "before an algorithm shapes them instead."In corporate news, Eni said Monday it agreed to fuel BMW's corporate fleet vehicles in Italy with a diesel biofuel produced from renewable materials like feedstocks. The hydrotreated vegetable oil lowered greenhouse gas emissions by 79.5% in the supply chain compared with standard fossil fuels, the company said. Separately, Eni's Eni Industrial Evolution unit and Seri Industrial's FIB have established Faenix, a commercial platform focused on battery energy storage systems based on lithium iron phosphate technology, Seri Industrial said Monday. Eni shares gained 3.4% in Milan.Deutsche Bank has hired four private bankers from Standard Chartered, including Managing Director Eleftherios Sachanidis, as the German lender builds out its wealth management operations in Dubai, Bloomberg reported. Sachanidis is set to report to Mubashar Ayoob, Deutsche Bank's head of the Gulf, with the group expected to support broader coverage of emerging-market clients, Bloomberg reported, citing an internal memo. Deutsche Bank shares were down 1.1% in Frankfurt.Stellantis said Monday its Q2 estimated consolidated shipments totaled 1.6 million units, up 10% from a year earlier. North America shipments increased 38% to 445,000 units, the company said. Shipments for Enlarged Europe, the company's largest market, increased by 5% to 762,000 units, Stellantis said. Stellantis shares added 2.2% in Paris.GSK said Monday a phase 2 trial of its experimental drug Jemperli met its primary goal in patients with stage 2/3 mismatch repair-deficient or microsatellite instability-high locally advanced rectal cancer. The company said interim results showed a sustained clinical complete response at 12 months, suggesting the immunotherapy could help some patients avoid or delay chemotherapy, radiation and surgery if approved. GSK shares were down 0.3% in London.Mastercard is exploring the sale of a majority stake in its UK payments infrastructure subsidiary Vocalink potentially back to British banks, the Financial Times reported Sunday. According to the report, discussions are at a preliminary stage, with no firm offers made.

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Asia Markets27d ago

European Equities Mixed in Monday Trading; Eni to Fuel BMW Corporate Fleets With Renewable Diesel

CAC 40FTSE 100DAX

Financial News · Live Terminal

OPEC Lowers 2026 Global Oil Demand Outlook, Raises 2027 Estimate

Fed Governor Waller Says Concerned About 'Elevated Pace' of Core Inflation

Update: US Equity Indexes Drop, Crude Oil Surges as Iran Tensions Intensify

Refiners Rally as Renewed US-Iran Fighting Lifts Fuel Margins, TPH Says

Lower Natural Gas Prices Could Put Floor Under Gas Equities, TPH Energy Says

WTI Crosses 5% to Touch $75/bbl as Trump Reveals New Hormuz Plan

American Pacific Mining Says a Second Drill Rig Arrives at its Madison Copper-Gold Project

California AG-led Coalition Sues to Block Paramount Skydance-Warner Bros. Merger

Update: Greenfire Resources to Buy Connacher Oil and Gas for C$1.28 Billion

Brent Hovers Near 5% at $79.86/bbl as Trump Reimposes Iranian Blockade, Rolls Out Hormuz Plan

TSX Down 60 Points at Midday With Most Sectors Lower; Energy The Best Performer

Bank of Canada Likely to Hold Rates as Inflation Risks Ease and Growth Remains Soft, Say Economists

California AG Sues to Block Paramount Skydance-Warner Bros. Merger

Gartner Likely to Post Q2 Contract Value Growth, RBC Says

Market Chatter: Google Pitches Tensor Processing Units to Neoclouds

Street Color: Paramount Facing Lawsuit From 12 Attorneys General Over Proposed $110 Billion Acquisition of Warner Bros.

DAX Index Ticks Up; German Current Account Falls

Top Midday Stories: Trump Says US to Be Guardian of Hormuz Strait; Meta to Invest Over $50 Billion in Louisiana Data Center Expansion

UK's FTSE 100 Flat as US-Iran Tension Resurfaces

European Equities Mixed in Monday Trading; Eni to Fuel BMW Corporate Fleets With Renewable Diesel

OPEC Lowers 2026 Global Oil Demand Outlook, Raises 2027 Estimate

Fed Governor Waller Says Concerned About 'Elevated Pace' of Core Inflation

Update: US Equity Indexes Drop, Crude Oil Surges as Iran Tensions Intensify

Refiners Rally as Renewed US-Iran Fighting Lifts Fuel Margins, TPH Says

Lower Natural Gas Prices Could Put Floor Under Gas Equities, TPH Energy Says

WTI Crosses 5% to Touch $75/bbl as Trump Reveals New Hormuz Plan

American Pacific Mining Says a Second Drill Rig Arrives at its Madison Copper-Gold Project

California AG-led Coalition Sues to Block Paramount Skydance-Warner Bros. Merger

Update: Greenfire Resources to Buy Connacher Oil and Gas for C$1.28 Billion

Brent Hovers Near 5% at $79.86/bbl as Trump Reimposes Iranian Blockade, Rolls Out Hormuz Plan

TSX Down 60 Points at Midday With Most Sectors Lower; Energy The Best Performer

Bank of Canada Likely to Hold Rates as Inflation Risks Ease and Growth Remains Soft, Say Economists

California AG Sues to Block Paramount Skydance-Warner Bros. Merger

Gartner Likely to Post Q2 Contract Value Growth, RBC Says

Market Chatter: Google Pitches Tensor Processing Units to Neoclouds

Street Color: Paramount Facing Lawsuit From 12 Attorneys General Over Proposed $110 Billion Acquisition of Warner Bros.

DAX Index Ticks Up; German Current Account Falls

Top Midday Stories: Trump Says US to Be Guardian of Hormuz Strait; Meta to Invest Over $50 Billion in Louisiana Data Center Expansion

UK's FTSE 100 Flat as US-Iran Tension Resurfaces

European Equities Mixed in Monday Trading; Eni to Fuel BMW Corporate Fleets With Renewable Diesel