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Duke Energy Terminates $129 Million North Carolina Offshore Wind Lease

The Trump administration reached a settlement agreement with Duke Energy (DUK) on Monday to terminate an offshore wind lease off the coast of North Carolina and redirect about $129 million into new power generation and grid infrastructure projects.Under an agreement with the Interior Department, Duke will voluntarily surrender its offshore wind lease in the Carolina Long Bay area, which it had acquired for about $129 million.The utility will reinvest an equivalent amount in additional electricity generation capacity and grid improvements to support customers in North Carolina and neighboring states.The department said the agreement would provide partial reimbursement for the early-stage offshore wind project, allowing the funds to be redeployed to meet growing US energy demand.Doug Burgum, US Secretary of the Interior, said the agreement would enable Duke to redirect investment into projects aimed at lowering consumer costs.Duke said the settlement would allow the utility to focus its investment on projects that directly benefit customers and communities across the Carolinas.The company said the reinvestment could include advancing new nuclear and natural gas generation projects, as well as upgrading the electricity grid to improve reliability and better serve customers.Price: $127.99, Change: $-0.41, Percent Change: -0.32%

$DUK

Wire35d ago

Trinity Biotech Terminates Equity Credit Facility With Yorkville

Trinity Biotech (TRIB) said Monday it has terminated its Standby Equity Purchase Agreement with Yorkville Advisors affiliate YA II PN, ending the equity line of credit facility.The company said it does not intend to make any further use of the facility and that the termination reflects its current financing strategy.Price: $0.40, Change: $+0.04, Percent Change: +11.36%

$TRIB

Sectors35d ago

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks increased in late Monday afternoon trading with the NYSE Financial Index up 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.4%.The Philadelphia Housing Index shed 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.1%.Bitcoin (BTC-USD) rose 1.4% to $60,264, and the yield for 10-year US Treasuries was little changed at 4.37%.In economic news, the Dallas Fed's monthly manufacturing index fell to 0.0 in June from 0.4 in May, missing expectations for an increase to 1.0.In sector news, the US Supreme Court on Monday upheld a federal court's injunction preventing President Donald Trump from firing Federal Reserve Governor Lisa Cook before the conclusion of litigation.In corporate news, Bank of America's (BAC) Merrill Lynch unit was fined $7.5 million by the US Securities and Exchange Commission for failing to file numerous reports to flag money laundering and other suspicious activity, Reuters reported. Bank of America shares were up 0.2%.Minted is working with JPMorgan Chase (JPM) as the stationery, art and home decor design platform explores a potential sale valued at about $1 billion, Reuters reported. JPMorgan shares added 0.4%.Intercontinental Exchange (ICE) plans to launch economic indicator futures contracts tied to global monetary policy decisions and US natural gas storage reports. ICE shares fell 0.9%.Korn Ferry (KFY) shares fell 2.6%. The company agreed to acquire UK-based talent solutions provider AMS for 850 million British pounds ($1.1 billion) in cash and stock.

$BAC$ICE$JPM$KFY

Sectors35d ago

Sector Update: Energy

Energy stocks were lower late Monday afternoon, with the NYSE Energy Sector Index decreasing 0.2% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.4%.The Philadelphia Oil Service Sector Index was falling 1.3%, and the Dow Jones US Utilities Index decreased 0.8%.Front-month West Texas Intermediate crude oil rose 1.7% to $70.42 a barrel, and the global benchmark Brent crude contract added 1.1% to $72.79 a barrel. Henry Hub natural gas futures fell 3.1% to $3.18 per 1 million BTU.In corporate news, SandRidge Energy (SD) shares rose 2.3% after it said Monday it agreed to acquire some producing assets and leasehold interests in the Cherokee play in the mid-continent region for $65 million in cash.

$SD

Wire35d ago

Palladyne AI Wins $2.3 Million Contract to Support Counter-Drone System

Palladyne AI (PDYN) subsidiary has received a $2.3 million contract to deploy its BRAIN flight computer and FLEX flight software framework in support of a counter-drone interceptor system, the company said Monday.The contract covers the direct sale of BRAIN hardware and related software capabilities, with the potential for follow-on production orders, the company said.Shares were down around 1.6% in afternoon trading.Price: $5.73, Change: $-0.09, Percent Change: -1.55%

$PDYN

Wire35d ago

Freightos, Korean Air Enter Digital Distribution Deal

Freightos (CRGO) on Monday announced an integration with Korean Air that will give freight forwarders access to the carrier's real-time rates, live capacity and direct eBooking capabilities across key global trade lanes.Korean Air is adopting Freightos as its exclusive launch partner for third-party platform distribution, the company said.The rollout initially covers major air cargo hubs in North America and Europe, according to the company.Price: $1.40, Change: $-0.01, Percent Change: -0.71%

$CRGO

US Markets35d ago

Share of House Hunters Looking to Switch Metros Hits Record High in First Quarter, Redfin Says

A record-high share of house hunters in the US looked to relocate to a different metro area in the first quarter largely due to affordability headwinds, a survey by Redfin showed Monday.In the three-month period, 19.1% of prospective buyers searched for properties outside their home metro area, the highest percentage in records dating back to 2021 and up from 18.9% a year earlier, according to the online real estate brokerage."A record portion of Americans are looking to relocate partly because of affordability pressures," Redfin said. "Housing costs are near record highs because mortgage rates and sale prices remain stubbornly high, and inflation is pushing up the cost of living for other everyday expenses. That's motivating people to move from expensive areas to more affordable areas."The brokerage identifies potential migrants as users who search for homes outside their current metro area. A Redfin user must view 20 or more for-sale or for-rent homes in a destination metro during a one-month period to be counted as looking to relocate there, according to the report.Despite the record share, overall homebuying activity is "sluggish," with the total number of migrants likely lower than it was in 2021 or 2022, Redfin said.Orlando was the most popular destination for relocating for house hunters in the first quarter, followed by North Port, Miami, and Cape Coral, with all of them being in Florida. At the same time, major job hubs like New York, Seattle, and Los Angeles saw the highest numbers of residents looking to leave, according to the report.Ongoing remote work flexibility allows Americans to relocate for affordability, and a concurrent wave of "boomerang migration" is reversing pandemic-era trends, causing former hotspots like Charlotte, North Carolina, and Austin, Texas, to see net population losses, the report showed.Last week, another Redfin survey showed that most US residents back federal policies that would help lower housing costs, largely in line with the broad bipartisan support behind an affordable housing bill that was recently passed by Congress.

Sectors35d ago

Sector Update: Consumer

Consumer stocks were mixed late Monday afternoon with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) rising 2.4%.In corporate news, Hormel Foods (HRL) agreed to sell its Brazilian operations, housed under the Ceratti brand, to Zanchetta Alimentos. Hormel shares fell 1%.

$HRL

Sectors35d ago

Sector Update: Healthcare

Healthcare stocks were higher late Monday afternoon, with the NYSE Healthcare Index fractionally higher and the State Street Health Care Select Sector SPDR ETF (XLV) up 0.2%.The iShares Biotechnology ETF (IBB) rose 0.9%.In corporate news, Alkermes (ALKS) stock has been re-rated following a recent orexin-peer takeout, but upcoming orexin updates risk eroding newly ascribed orexin-related value, BofA Securities said in a research note Monday. BofA downgraded Alkermes to underperform from neutral with a price target of $38. Alkermes shares were down 4.6%.

$ALKS

US Markets35d ago

Supreme Court Bars Trump From Firing Fed's Cook

The US Supreme Court on Monday rejected President Donald Trump's request to overturn a lower court's ruling that prevented him from firing Federal Reserve Governor Lisa Cook.In August 2025, Trump attempted to fire Cook over mortgage fraud allegations. Cook challenged the decision in a federal court, which issued a temporary restraining order that blocked the attempted removal.The Supreme Court ruled 5-4 to leave the lower court's order in place, with Chief Justice John Roberts authoring the majority opinion.Trump "failed to afford Cook the procedural protections to which she was entitled by statute," Roberts said. "Without such protections, she could not properly dispute the charges the president laid against her.""We cannot accept the government's contentions in this case," Roberts said. "To do so would allow the president to remove a member of the Federal Reserve at any time, for any reason, without any notice before, and without any judicial check after."Cook should have received a chance to explain herself, he wrote."Only after Cook has had the opportunity to respond to the charges made against her may a final decision be made," Roberts said. "And only then can the courts assess the validity and sufficiency of such charges."Trump said his administration will take appropriate action to ensure "someone who has committed wrongdoing will not be making vital decisions concerning the welfare of the United States of America," according to a social media post.Cook suggested the attempted removal was more of a political move."This was never about mortgage documents signed years before I became a Federal Reserve governor," Cook said in a statement. "It was an attempt to remove me on a manufactured pretext because I refused to bow to political pressure and continued to set interest rates based only on what would best serve the American people."Roberts left open the question of whether Trump can eventually remove Cook."The ultimate question of whether the president can remove Cook for cause will depend in part on the underlying facts," Roberts said. "In this opinion, we have not addressed the facts, as they have yet to be found or analyzed under the relevant legal standards."

Sectors35d ago

Sector Update: Tech

Tech stocks were higher late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.9%.The Philadelphia Semiconductor Index gained 3.4%.In corporate news, Astera Labs (ALAB) shares jumped 14% after UBS adjusted the company's price target to $400 from $205 while maintaining its neutral stock rating.

$ALAB

Sectors35d ago

Sector Update: Financial

Financial stocks increased in late Monday afternoon trading, with the NYSE Financial Index up 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.4%.The Philadelphia Housing Index shed 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1%.Bitcoin (BTC-USD) rose 1.4% to $60,264, and the yield for 10-year US Treasuries was little changed at 4.37%.In corporate news, Bank of America's (BAC) Merrill Lynch unit was fined $7.5 million by the US Securities and Exchange Commission for failing to file numerous reports to flag money laundering and other suspicious activity, Reuters reported. Bank of America shares climbed 0.3%.

$BAC

Wire35d ago

Update: Market Chatter: Bank of America Unit Fined by SEC for Failing to Report Suspicious Client Activity

(Updates to add Bank of America's response in the third paragraph, and add "numerous" word in the first paragraph.)Bank of America's (BAC) Merrill Lynch unit has been fined $7.5 million by the US Securities and Exchange Commission for failing to file numerous reports to flag money laundering and other suspicious activity, Reuters reported Monday.Merrill Lynch has accepted the civil fine but has neither admitted or denied any wrongdoing over failures to file numerous suspicious activity reports from April 2020 to September 2024, according to the report.A Bank of America spokesperson toldthat the company has been engaging with the regulators on this matter, and continues to review its systems to detect and report suspicious activity.(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: $58.01, Change: $+0.13, Percent Change: +0.22%

$BAC

Insider Trading35d ago

TTM Technologies Insider Sold Shares Worth $441,482, According to a Recent SEC Filing

James P Walsh, Chief Operating Officer, on June 25, 2026, sold 2,113 shares in TTM Technologies (TTMI) for $441,482. Following the Form 4 filing with the SEC, Walsh has control over a total of 33,783 common shares of the company, with 33,783 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1116942/000119312526288209/xslF345X05/ownership.xmlPrice: $184.75, Change: $-6.74, Percent Change: -3.52%

$TTMI

Wire35d ago

Perma-Pipe International Added to Russell 2000, Russell 3000 Indexes

Perma-Pipe International (PPIH) said Monday it was added to the Russell 2000 and Russell 3000 indexes, effective the same day, as part of the first 2026 Russell indexes reconstitution.Price: $27.40, Change: $-0.28, Percent Change: -0.99%

$PPIH

Wire35d ago

Z Squared Enters Russell 3000 and Russell 2000 Indexes; Shares Fall

Z Squared (ZSQR) officially joined the Russell 3000 Index and the Russell 2000 Index last week, the company said Monday.Shares fell nearly 9% in recent trading.Price: $11.35, Change: $-1.12, Percent Change: -8.95%

$ZSQR

Wire35d ago

SES AI Added to Russell 3000 Index Effective Monday

SES AI (SES) said it has been added to the Russell 3000 Index, effective Monday.Price: $0.97, Change: $+0.07, Percent Change: +7.76%

$SES

Insider Trading35d ago

TTM Technologies Insider Sold Shares Worth $258,884, According to a Recent SEC Filing

Tom Clapprood, President, Aerospace & Defense Interconnect Solutions, on June 25, 2026, sold 1,239 shares in TTM Technologies (TTMI) for $258,884. Following the Form 4 filing with the SEC, Clapprood has control over a total of 20,773 common shares of the company, with 20,773 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1116942/000119312526288185/xslF345X05/ownership.xmlPrice: $184.91, Change: $-6.58, Percent Change: -3.44%

$TTMI

Commodities35d ago

US Biofuels Update: Soybean Complex Falls on Favorable Summer Crop Weather

Biofuels feedstock futures closed lower on Monday, with soybean traders disappointed by a lack of Chinese soybean purchases, favorable growing weather, and liquidation ahead of the July contract delivery period.The Chicago Board of Trade July soybean futures contract closed 1.55% lower at $11.08 per bushel, while the CBOT July soybean oil futures contract settled 3.13% lower at 69.07 cents per pound.The Nymex July ethanol futures contract settled 1.60% higher on Friday at $1.90 per gallon.Rhett Montgomery, a DTN analyst, said traders remain bearish on crop weather as the calendar turns to July."The soybean market was pressured on Monday by weak product markets stemming from few concerns for the growing US crop and plenty of near-term supply out of South America to bridge the gap to the US harvest in a few months," Montgomery said in a daily note.He added that old-crop soybean futures are once again set to test long-standing support near $11.12 on the August contract, with $11 as the next bearish target.The US Department of Agriculture released data on Monday showing a fresh sale of 136,000 metric tons of soybeans to unknown destinations for the 2026/27 marketing year.The USDA's Weekly Export Inspection Report, also released on Monday, showed soybean inspections totaled 15.4 million bushels for the week ending June 25.Total inspections for the 2025/26 marketing year now stand at 1.371 billion bushels, down 19% from the previous year.The USDA estimates soybean exports will total 1.510 billion bushels in 2025/26, down 20% from the previous year.Soybean inspections are running slightly ahead of USDA's estimated pace at a time when USDA's estimate of soybean ending stocks is 16% larger than the previous five-year average.USDA's Acreage Report due Tuesday is expected to show 85.37 million acres of soybeans. Analysts also expect the USDA to peg US soybean stocks as of June 1 at 1.051 bb, the largest since 2020, if realized.

Wire35d ago

TETRA Technologies Launches Low-Zinc Completion Fluid for Deepwater Wells

TETRA Technologies (TTI) has launched TETRA Neptune Z-Lite, a high-density completion fluid for deepwater and high-pressure well applications that offers up to 60% lower zinc-ion concentration than conventional zinc-based fluids, the company said Monday.The company said it has been awarded a three-well program for the new fluid system at Beacon Offshore Energy's Gulf of America Shenandoah and Monument projects, expected to begin this year.TETRA Neptune Z-Lite is available in densities up to 17.5 ppg and is designed to offer lower corrosion potential than conventional zinc brines, the company said.Price: $11.47, Change: $+0.60, Percent Change: +5.47%

$TTI

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US Markets35d ago