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FTAI Aviation Joint Venture Receives $1.47 Billion Gas Turbine Generator Set Order

FTAI Aviation (FTAI) said Wednesday its joint venture J&F Power Systems received a roughly $1.47 billion initial order under a new master gas turbine generator set supply agreement with a cloud service provider.J&F will deliver Mod-1 mobile gas turbine generator sets in batches through November 2027 to support the client's power infrastructure buildout, the company said.The customer may issue additional purchase orders under the five-year agreement, with payments to be made based on milestones, starting with an advance deposit, the company said. Final settlement amounts are subject to performance adjustments capped at 10% of the equipment's value for lower power output, FTAI added.Shares of FTAI Aviation were up 7.1% in Wednesday trading.Price: $225.10, Change: $+14.85, Percent Change: +7.06%

$FTAI

Wire3d ago

Allison to Supply Transmissions to Order for 3,000 German Military Vehicles

Allison Transmission (ALSN) said Wednesday that it will supply fully automatic transmissions to a major order with General Dynamics (GD) European Land Systems, covering approximately 3,000 EAGLE V armored vehicles for the German Armed Forces.Financial terms of the contract were not disclosed.The order encompasses both EAGLE V 4x4 command and control vehicles and EAGLE V 6x6 medium armored ambulance vehicles and is scheduled for delivery starting in 2027, the company said.The General Dynamics contract also includes an option for up to 2,000 additional vehicles, the company said.Allison shares were 2.4% higher in Wednesday trading, while General Dynamics was up 1.4%.Price: $119.17, Change: $+2.96, Percent Change: +2.54%

$ALSN$GD

Mining & Metals3d ago

Strathmore Plus Uranium to Start Summer Drill Program at Beaver Rim On August 3

Strathmore Plus Uranium (SUU.CN) will start its exploration drill program on Aug. 3 at the Beaver Rim project in the Gas Hills Uranium District of Wyoming, it said in a statement on Wednesday.The company said the drill program will consist of five holes totaling 5,000 ft. on the western extent of the company's property in the West Diamond claim group. Strathmore intends to begin exploration near the previously drilled hole WDS-10 completed in 2012, it said.Shares of the company were last seen down 8.3% at C$0.11 on the Canadian Securities Exchange.Price: $0.11, Change: $-0.01, Percent Change: -6.67%

$SUU.CN

Wire3d ago

Highway Holdings Signs LoI to Form Joint Venture With Guangdong Huahu New Energy Technology

Highway Holdings (HIHO) and Guangdong Huahu New Energy Technology have signed a letter of intent to form a joint venture that combines the company's manufacturing capabilities with Huahu's products and technology, Highway said on Wednesday.The proposed venture, tentatively named Huahu International New Energy Technology, will have initial contributions of $3.5 million, consisting of $2 million in cash from Highway and about $1.5 million in products and technology transfer from Huahu, the company said.Huahu will provide the venture with exclusive semi-knocked-down manufacturing, marketing and distribution rights of its products for the Germany, Italy, US and certain South American markets, Highway said.The LoI further contemplates the initial issuance of up to 400,000 of restricted shares by Highway to Huahu upon the achievement of certain milestones in Europe and Hong Kong by the joint venture, Highway said.The joint venture will be jointly managed by the parties, with Highway owning a 57% stake and Huahu owning the remaining 43% interest in the entity, the company said.The parties intend to negotiate and sign definitive agreements as contemplated by the non-binding LoI within a month, Highway said.Price: $1.16, Change: $+0.09, Percent Change: +7.94%

$HIHO

Mining & Metals3d ago

Bragg Gaming Group Jumps 9.4%, Closes Drayton International Acquisition

Bragg Gaming Group (BRAG.TO) was up 9.4% in early trading after closing its $9 million acquisition of Drayton International, that was funded entirely through the issue of 4.5 million shares, the company said Wednesday.The acquisition is Bragg's first foray into the advanced deposit wagering market, wherebettors fund an account in advance and place wagers on horse races, which it said is a fast-growing segment of U.S. gaming. Drayton's portfolio also includes equity stakes in licensed gaming studios, a statement said.In connection with the close, all 751,445 subscription receipts issued at $1.73 apiece raising $1.3 million, have been automatically exchanged for an equivalent number of common shares and three-year warrants to buy a share at $2.16.Matt Davey, founder and chair of investment fund Tekkorp Capital, has been appointed non-executive board chair. He has a 10.1% equity stake in Bragg on a non-diluted basis after participating in the financing. Davey takes the position from Holly Gagnon, who is stepping down.Bragg shares were last seen up C$0.20, to C$2.33, on the Toronto Stock Exchange.Price: $2.33, Change: $+0.20, Percent Change: +9.39%

$BRAG.TO

Mining & Metals3d ago

South Star Battery Metals Boosts Graphite Production at Santa Cruz Mine in Brazil

South Star Battery Metals (STS.V) has doubled graphite concentrate production at the Santa Cruz mine in Brazil after boosting the run-of-mine (ROM) feed by about 30% from May to June.The ROM feed increased to 4,920.1 tonnes in June from 3,798.5 tonnes in May and 1,337.5 tonnes in April, the battery metals project developer said Wednesday.South Star said it is monitoring the plant regularly to ensure that it reaches a production capacity of 5,000 tonnes per annum of graphite concentrate.

$STS.V

Mining & Metals3d ago

DATA Communications' Octacom Wins Digital Mailroom Contract With Schedule I Canadian Bank

DATA Communications Management's (DCM.TO) Octacom division has been selected by a Schedule I Canadian bank to develop and launch a digital mailroom solution, it said Wednesday.The solution will automate the intake, classification, validation, extraction, and routing of inbound documents across the enterprise replacing labour-intensive mail handling, said the company."We're very pleased to secure this first client engagement since acquiring Octacom earlier this month," said CEO Richard Kellam. "This win validates the strength of Octacom's IDP platform and our strategy to expand DCM's tech-enabled product and service offerings to clients in financial services and other document-intensive verticals where accuracy, security and workflow efficiency matter most."The company's shares were last seen up C$0.09 or 3.4% to C$2.70 on the Toronto Stock Exchange.Price: $2.70, Change: $+0.09, Percent Change: +3.45%

$DCM.TO

Commodities3d ago

US Natural Gas Update: Futures Rally on Forecast for Above-Normal Heat Across US

US natural gas futures rose on Wednesday, as above-normal temperatures continue to blanket the country, adding momentum to prices.Both the front-month Henry Hub futures contract and the continuous contract edged higher by 1.88% to $2.919 per MMBtu.Forecasts for the next 6 to 10 days, as well as the next 8 to 14 days, are expected to remain warmer-than-average, according to the National Weather Service, leading to increased space cooling demand and power burn.Yet, natural gas demand is expected to soften on Wednesday, at 49 billion cubic feet per day, down from 51.2 Bcf/d on Tuesday, according to NRG Energy.According to the Energy Buyer's Guide, this near-term heat is "insufficient to materially alter expectations" for gas-fired generation, while adding that the broadly mixed fundamentals should lead the market towards a path of least resistance, which is trading "sideways for natural gas futures."Meanwhile, LNG export feedgas estimates remain under pressure, at 17.93 Bcf, compared to the 30-day moving average of 18.41 Bcf, according to the Bloomberg LNG Feedgas Model.This comes as the Freeport LNG facility in Texas enters into planned maintenance, which is expected to last until late August.

Wire3d ago

Qualcomm, Samsung Expanding Collaboration With Use of Snapdragon in New Devices

Qualcomm (QCOM) said Wednesday that its Snapdragon chips will be used in Samsung's new smartphones, wearables, and intelligent eyewear.The Samsung devices include the foldable smartphones Galaxy Z Fold8 Ultra, the Galaxy Z Fold8, and the Galaxy Z Flip8, as well the company's Watch9, Galaxy Watch Ultra21, and smart glasses, Qualcomm said.Qualcomm said Snapdragon will allow a unified AI experience in the new devices by providing on-device processing and cross-device connectivity.Financial details of the collaboration were not disclosed.Price: $171.65, Change: $-1.85, Percent Change: -1.07%

$QCOM

Oil & Energy3d ago

US Oil Update: Crude Rally Intensifies Amid Strait of Hormuz Closure, Red Sea Threats

Crude oil benchmarks hit their highest since June 11 on Wednesday as mounting Middle East military tensions, deserted shipping lanes in the Strait of Hormuz, and Houthi threats in the Red Sea sparked severe supply panic.Brent futures surged 2.9% to $93.58 per barrel and hit $95.47/bbl earlier in the day. West Texas Intermediate futures gained 2.4% to $86.43/bbl.Analysts at ANZ noted that the rally was fueled by mounting risks of prolonged supply disruptions across vital energy corridors. Following recent attacks on commercial vessels no ships have been observed transiting the crucial waterway recently.Meanwhile, prospects for a diplomatic resolution evaporated after Iranian attacks on US military sites prompted President Donald Trump to warn of severe consequences while dismissing reports of an imminent meeting.The crisis deepened as Yemen's Houthi militants reportedly issued warnings cautioning shipowners against calling at Saudi Arabian ports, prompting at least three tankers to execute u-turns in the southern Red Sea."Factoring in the renewed disruptions from the Persian Gulf, risks to Saudi crude exports from the Red Sea, and developments in the Black Sea, one may argue that Brent at just over $91/bbl is undervalued. Particularly if these disruptions persist into August," ING analysts noted.Compounding supply pressures, disruption also emerged outside the Middle East following an attack on the Caspian Pipeline Consortium terminal on Russia's Black Sea coast, which handles about 1.8 mb/d of Kazakh exports.The market now awaits official confirmation from the US Energy Information Administration's upcoming petroleum inventory report.

Equities3d ago

Yansab's Board OKs H1 Cash Dividend

Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, said Wednesday its board decided to distribute an unchanged cash dividend of 1 Saudi riyal per share for the first half of 2026.The petrochemical products company will pay the dividend on Sept. 28 to shareholders on record as of Sept. 6.

SASE:2290

Oil & Energy3d ago

EMEA Natural Gas Update: Futures Surge After Trump Threatens Iran With Retaliatory Strikes

European natural gas futures rose sharply on Wednesday, as the conflict between the US and Iran escalated, with US President Donald Trump issuing a fresh warning to Tehran.The front-month Dutch TTF contract rose 4.48% to 62.335 euros ($71.16) per megawatt-hour, while the front-month UK NBP contract climbed 4.47% to 151.030 British pence ($2.02) per therm.On Wednesday, in a post on X, US Central Command said that it had completed the 11th consecutive day of strikes against Iran, targeting the country's military infrastructure, to diminish Tehran's ability to target commercial vessels along the Strait of Hormuz.In retaliation, Tehran launched more strikes against US bases and military installations located across Bahrain, Kuwait and Jordan, according to a report by Al Jazeera.In a Truth Social post on Wednesday, Trump warned that any time Tehran strikes a commercial vessel transiting via the Hormuz, the US would strike a bridge or power plant in Iran, marking the latest escalation in the conflict.Meanwhile, traffic along the strait, which accounted for one-fifth of global LNG flows before the conflict, held steady at 16 transits on Tuesday, according to data from ShipFinder.Daniel Hynes, a senior commodity strategist at ANZ, said Europe's supply outlook was becoming increasingly precarious as hotter weather across Asia revived Chinese demand, intensifying competition for cargoes and making it more difficult for EU countries to refill gas reserves ahead of winter.European gas inventories stood at 54.20% of capacity, compared to 65.08% during the corresponding period a year ago, according to data from Gas Infrastructure Europe.Inventories were also significantly below the five-year average for the period, at 69.7%, according to the Swiss Federal Office of Energy.At the same time, the heatwave in Europe is continuing to intensify, with regions across the Iberian Peninsula, particularly Spain, set to see potentially record-breaking temperatures of over 45 to 47 degrees Celcius this week, as "a stubborn heat dome of high pressure anchors itself over southwestern Europe," according to Severe Weather EU.This is making the task of refilling inventories harder, as rising space cooling demand requires more gas consumption to generate electricity for it.

Wire3d ago

MicroVision Board Approves 1-for-15 Reverse Stock Split

MicroVision's (MVIS) board approved a 1-for-15 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement for continued listing, the company said Wednesday.The reverse stock split will be effective Aug. 1, reducing the company's outstanding shares proportionally and its authorized shares to 150 million from 510 million, it said.MicroVision said its shares will trade on a post-split basis from Aug. 3.MicroVision shares were down more than 10% early Wednesday.Price: $0.31, Change: $-0.04, Percent Change: -10.29%

$MVIS

Mining & Metals3d ago

Talamore Provides Drill Results from Supremo Extension Zone at Coffee Gold Project

Talamore Mining (TALA.V) reported results from 55 drill holes of an ongoing 40,000-meter infill and exploration drilling program at the Coffee Gold project in Yukon Territory.Highlights include 5.37 grams per tonne (g/t) gold over 8.4 meters and 1.50 g/t gold over 42.4 meters, the exploration and development company said Wednesday.The results were from the Supremo extension zone, where the company seeks to upgrade the resources to the indicated category for inclusion in a feasibility study.Price: $8.55, Change: $+0.10, Percent Change: +1.18%

$TALA.V

Wire3d ago

Robinhood Markets Teams Up With Whoop to Add Wellness Benefit for Platinum Cardholders

Robinhood Markets (HOOD) is collaborating with Whoop, a health guidance company, to offer eligible Robinhood Platinum Card cardholders a complimentary annual Whoop Peak membership, the companies said Wednesday.The offer, available through the end of 2027, provides a complimentary Whoop device with the Peak membership worth up to $239 as a statement credit, giving members access to personalized sleep, recovery, strain and health insights.Whoop said the partnership expands its reach beyond its direct-to-consumer business, supporting growth through strategic partnerships, enterprise customers and healthcare initiatives.Price: $106.08, Change: $-0.28, Percent Change: -0.27%

$HOOD

Wire3d ago

Greene County Bancorp Raises Quarterly Dividend by 10% to $0.11 a Share, Payable Aug. 31 to Shareholders of Record as of Aug. 14

$GCBC

Wire3d ago

AmpliTech Group Receives US, Canada Certifications for 4T8R Open RAN Radio

AmpliTech Group (AMPG) said Wednesday that its Outdoor Macro Cell 4T8R Open RAN Radio Unit has received certification from the Federal Communications Commission for the US, and Innovation, Science and Economic Development certification for Canada.The company said the approvals confirm its compliance with North American regulatory requirements for radio frequency performance, electromagnetic compatibility, product safety, and wireless operation.Price: $6.04, Change: $-0.05, Percent Change: -0.82%

$AMPG

Mining & Metals3d ago

Rosenberg Research Sees Canadian Dollar Recovery Ahead, But Upside Remains Capped

There's room for a "modest" recovery in the Canadian dollar during the second half of the year, butRosenberg Research said the upside for the loonie is capped by structural issues."This is very much a fading U.S. dollar story rather than a positive Canadian dollar one," Rosenberg Research said in a note. The currency traded at C$1.4083 recently on Wednesday, up 0.2% against the greenback.The 50-basis-point widening in the U.S.-Canada two-year yield spread that weighed on the loonie in the first half is expected to unwind as U.S. yields fall, the Federal Reserve turns less hawkish and the Bank of Canada shows limited urgency to raise rates, said Rosenberg.Despite potential near-term support, the Canadian dollar's upside remains capped by structural weaknesses such as declining competitiveness, limited productivity gains, subdued investment, and persistent uncertainty around U.S. trade policy, added Rosenberg. This week's announcement of new targeted tariffs against Canada reinforces these concerns, the firm said.The main risk to the loonie recovery story is a renewed Middle East escalation that sparks safe-haven demand for the greenback, said Rosenberg.

$CAD$CXY$USD

Oil & Energy3d ago

EMEA Oil Update: Brent Hits $95 per Barrel as Middle East Supply Fears Mount

Crude oil prices rallied sharply on Wednesday, pushing Brent to $95 per barrel, as escalating disruption across critical chokepoints in the Middle East and pipeline attacks on Russia's Black Sea coast strained global energy markets.Brent futures surged 4.2% to $94.80 per barrel. Murban futures gained 5% to $90.06/bbl."Crude oil prices rallied, as risks of further supply disruption mounted," ANZ analysts noted.Following recent attacks on vessels in the Strait of Hormuz, the narrow waterway has been deserted, with zero commercial ships transiting, analysts said.The prospect of a diplomatic off-ramp also evaporated after Iranian attacks on US military sites prompted President Trump to reportedly declare that Tehran would face severe consequences, while dismissing reports of an imminent meeting.Compounding the crisis, Yemen's Houthi militants reportedly issued warnings advising shipowners not to call at Saudi Arabian ports, threatening maritime traffic in the Red Sea and prompting at least three tankers to execute u-turns.This threatens Saudi Arabia's primary alternative export lifeline. Shipments via its Red Sea Yanbu terminal had reached record levels of 5.9 million barrels per day in the week ending July 17 before slipping to 5.5 mb/d by July 20, Bloomberg reported.Adding to global supply strains, disruption also surfaced outside the Middle East following an attack on the Caspian Pipeline Consortium terminal on Russia's Black Sea coast, which handles roughly 1.8 mb/d of Kazakh exports."The risks to supply sent Brent crude above $90/bbl, with further gains likely if the disruptions in the Middle East persist," ANZ analysts noted.In response to the tightening supply crisis, India has intensified its reliance on Russian crude, with June imports topping 2.3 mb/d and holding near that pace through July despite ongoing western sanctions pressure.On the supply side, data from the American Petroleum Institute revealed Tuesday that US crude oil inventories increased by 2.603 million barrels in the week ended July 17.The oil market now awaits the US Energy Information Administration's petroleum inventory report, scheduled for release on Wednesday.

Wire3d ago

John Marshall Bancorp Increases Quarterly Dividend to $0.10 a Share From $0.09; Payable Aug. 26 to Holders of Record as of Aug. 5

$JMSB

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Oil & Energy3d ago