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Marti Technologies' Shares Fall After Turkish Court Rules in Unfair Competition Case

Marti Technologies (MRT) shares were down more than 3% in Friday trading after the Istanbul 14th Commercial Court of First Instance on Wednesday ruled in an unfair competition case brought against the ride-hailing business of its subsidiary, the company said in a regulatory filing.The court partially granted the plaintiffs' claims, holding that Marti's ride-hailing service constitutes unfair competition under the Turkish Commercial Code, according to the filing.The Court rejected the plaintiffs' claims regarding its e-scooter and e-moped services, finding that unfair competition had not been established for those services, the filing added. All of the company's services continue their operations uninterrupted, the filing said.The company said it will appeal the decision at the Istanbul Regional Court of Appeals within the statutory two-week period following the receipt of the reasoned decision by the court.Price: $1.57, Change: $-0.06, Percent Change: -3.68%

$MRT

Wire38d ago

Update: DraftKings Launches DKeX Prediction Markets Exchange; Shares Rise

(Updates with share moves in the fourth paragraph)DraftKings (DKNG) said Friday it has launched its prediction markets exchange, DKeX, integrated into its DraftKings: Sports & Casino app, expanding its prediction markets platform and strengthening its sportsbook offering.The firm said DraftKings Predictions hit annualized consumer volume of about $3.4 billion and annualized total trading volume of about $11.3 billion for the week ended June 21.DraftKings said it also expanded event contracts to include MLB player and futures markets, No Runs First Inning baseball, broader NBA and NHL offerings, and international sports.Shares were up about 6.4% in afternoon trading.Price: $24.58, Change: $+1.48, Percent Change: +6.39%

$DKNG

Commodities38d ago

TPH Lowers Imperial Oil Q2 Outlook on Upstream Weakness, TPH Says

TPH Energy Research lowered its Q2 outlook for Imperial Oil after weaker upstream production and softer downstream margins offset stronger performance in chemicals, according to a Friday note.TPH lowered its upstream production forecast to 408,000 barrels of oil equivalent per day from 420,000 boe/d, below the Street estimate of 434,000 boe/d.The firm attributed the revision to wet June weather at Syncrude and Kearl, planned Q2 maintenance and weaker thermal production data through May.The revised production outlook reduced TPH's upstream net income estimate to CA$1.39 billion ($979.69 billion) from CA$1.45 billion, compared with the Street expectation of CA$1.43 billion.TPH kept its downstream throughput estimate unchanged at 365,000 barrels per day, close to the Street forecast of 368,000 b/d, with both reflecting about 85% refinery utilization during the quarter.TPH said margin capture weakened because of market volatility and the Strathcona refinery turnaround, lowering its downstream net income estimate to CA$0.74 billion from CA$0.88 billion, below the Street estimate of CA$0.81 billion.Analysts said favorable mark-to-market adjustments and updated assumptions for chemicals only partly offset weaker operating performance.At the corporate level, TPH expects capital spending of CA$0.51 billion, broadly in line with the Street estimate of CA$0.52 billion.TPH reduced its second-quarter 2026 cash flow per share estimate to CA$5.32 from CA$5.69, below the Street forecast of CA$5.43, following its latest pre-earnings model update.TPH expects a straightforward quarterly update, with investor focus likely shifting to Imperial Oil's free cash flow outlook through the balance of 2026 and into 2027 and its implications for capital returns.

Wire38d ago

Lululemon Athletica Shares Rise After Shareholders Approved Two New Board Members

lululemon athletica (LULU) shares rose 3.9% in Friday afternoon trading after shareholders approved the appointment of Laura Gentile and Marc Maurer to the company's board of directors, expanding the board from nine to 11 members.Both have been appointed to the audit committee and corporate responsibility, sustainability and governance committee, and each qualifies as an independent director under Nasdaq listing standards, the company said in a Friday filing.Price: $116.48, Change: $+4.42, Percent Change: +3.94%

$LULU

Wire38d ago

Update: American Outdoor Shares Rise After Fiscal Q4 Earnings Beat

(Updates with latest stock price movement in the headline and the first paragraph.)American Outdoor Brands (AOUT) shares rose nearly 21% in Friday trading after the company reported better-than-expected fiscal Q4 adjusted earnings late Thursday.The company reported fiscal Q4 non-GAAP earnings late Thursday of $0.13 per diluted share, flat from a year earlier.Two analysts polled by FactSet expected a loss of $0.01.Net sales for the quarter ended April 30 were $47.1 million, down from $61.9 million a year earlier.Two analysts expected $48.4 million.For fiscal 2027, the company expects net sales of $200 million to $210 million. Analysts expect $207.4 million.Price: $11.97, Change: $+2.06, Percent Change: +20.79%

$AOUT

Oil & Energy38d ago

US Oil Update: Futures Slide as Vessels Continue Transiting Strait of Hormuz

Crude oil futures fell in midday trading on Friday, extending a week of losses as the resumption of tanker traffic via the Strait of Hormuz eased fears over a global supply crunch that had gripped energy markets for months.Front-month West Texas Intermediate crude futures tumbled by 3.4% to $69.44 per barrel, while Brent futures retreated by 4.2% to $72.17/bbl.Saxo Bank strategists said oil was on track for a weekly decline after transits through the Strait of Hormuz accelerated, although an attack on a cargo ship off the Omani coast has renewed concerns about safe passage through the key chokepoint.President Trump on Friday alleged that Iran had violated the ceasefire agreement by firing at cargo ships transiting the Strait, saying at least four one-way attack drones targeted ships in the waterway and one of them hit the upper deck of a large cargo ship.On Thursday, the United Kingdom Maritime Trade Operations, or the UKMTO, reported that a vessel had been struck by an unknown projectile off the coast of Oman in the Hormuz, prompting the International Maritime Organization to suspend its evacuation operations.Meanwhile, two key exit routes through the Strait have reportedly emerged, as the usual middle route is believed to have been mined.However, Iran's Islamic Revolutionary Guard warned vessels that any new transit route via the Hormuz established without coordination with Tehran is "unacceptable and dangerous".Iran's Persian Gulf Strait Authority also said on Thursday that any transit happening in routes outside its framework would not be protected by "safe-passage guarantees."On the supply front, the total crude oil, natural gas, and miscellaneous rigs count rose by 10 in the week to June 26, according to data from Baker Hughes (BKR) released Friday.The US oil rig count rose by seven from 433 the previous week to 440, while the number of gas rigs increased by three from 122 the previous week to 125, the data showed.Baker Hughes said this week's increase puts the consolidated North American oil and gas rig count, a key early indicator of future production levels, at 770, up 21 rigs from the previous week.Saudi Arabia has also begun loading tankers at its key Ras Tanura terminal in the Persian Gulf as Gulf producers ramp up output, according to media reports.Soojin Kim, research analyst at MUFG, said Gulf producers, including the UAE, Kuwait, Qatar, and Iraq, are ramping up production and exports, helping restore regional supply.Fewer vessels transited the Hormuz than earlier in the week, with the latest data shipping data from Kpler showing 54 verified crossings across a broad mix of commercial and energy-linked vessels on June 25.On Friday, Kpler said that the QatarEnergy-chartered Umm Slal has become the latest LNG tanker to reverse course near the strategic waterway, following a similar move by Gaslog Shanghai on June 25.The reversals coincided with warnings from Iran's IRGC that vessels must avoid unauthorized routes and use only corridors designated by Tehran, Kpler said.Price: $56.51, Change: $-0.43, Percent Change: -0.76%

$BKR

Wire38d ago

Americold Realty Trust Shares Rise After Evercore ISI Upgrade

Americold Realty Trust (COLD) shares rose 5.8% in Friday trading after Evercore ISI upgraded the stock to outperform from in line and raised its price target to $18 from $17.Intraday volume topped 3.39 million shares, compared with the daily average of almost 4.54 million.Price: $15.79, Change: $+0.86, Percent Change: +5.76%

$C$COLD

US Markets38d ago

Wall Street Little Changed as Trump Accuses Iran of Violating Ceasefire Agreement

US benchmark equity indexes were little changed intraday as President Donald Trump claimed that Iran violated the ceasefire agreement.The Nasdaq Composite was up 0.1% at 25,390.4 after midday Friday, while the S&P 500 rose 0.1% to 7,367.4. The Dow Jones Industrial Average was just above the flatline at 51,922. Among sectors, healthcare paced the gainers, while industrials saw the biggest drop.Trump accused Iran of launching drone attacks on ships passing through the Strait of Hormuz, more than a week after Washington and Tehran signed an interim peace agreement that includes the reopening of the crucial waterway for crude oil shipments."This is a foolish violation of our ceasefire agreement," Trump said in a social media post Friday.Iran hit a vessel in the Strait of Hormuz on Thursday, disrupting evacuations of stranded seafarers, CNN reported.West Texas Intermediate crude oil was down 3.5% at $69.43 a barrel intraday, while Brent fell 4.2% to $72.12. Both benchmarks were on track for weekly declines of more than 9%, with Brent headed for its sixth consecutive weekly fall."Oil was on track for a weekly decline after transits through the Strait of Hormuz accelerated, although an attack on a cargo ship by an 'unknown projectile' has renewed concerns about safe passage through the vital waterway," Saxo Bank said in a report Friday.In a separate social media post, Trump threatened to impose a 100% tariff on all goods from any European country that implements a digital services tax on US companies."This tariff will supersede trade deals made with the country, whether implemented, signed, or not," Trump said.US Treasury yields were lower intraday, with the two-year rate down 4.1 basis points at 4.09% and the 10-year rate falling 1.7 basis points to 4.38%.Minneapolis Federal Reserve President Neel Kashkari said that an interest rate increase looks necessary this year."In March, I had penciled in one rate cut by the end of the year. In June, I've changed that to one rate hike by the end of the year," Kashkari, a Federal Open Market Committee voter this year, said during a panel discussion at the Aspen Ideas Festival, according to a CNBC report. "It's a pencil, and so we're going to have to see how the data comes in."The Fed is likely to maintain interest rates stable for the rest of the year as inflation looks set to ease, Morgan Stanley said Friday in a report."We believe tariff pass through is ending, paving the way for substantial disinflation in core goods over the next year, and the recently signed (memorandum of understanding) between the US and Iran has helped push oil prices back toward pre-conflict levels," Morgan Stanley Chief US Economist Michael Gapen wrote. "In addition, we look for further moderation in shelter inflation and some payback from residual seasonality into year end."US consumer sentiment increased in June amid moderating gasoline prices, while inflation expectations eased, a survey by the University of Michigan showed.In company news, IBM (IBM) shares were up 4.6% intraday, the second-best performer on the Dow. The company's technology capable of producing chips smaller than one nanometer represents a "major moment" for the semiconductor industry amid increasing artificial intelligence workloads, Wedbush Securities said in a note on Friday.Microsoft rose 4.7%, the top gainer on the Dow.OpenAI is leaning toward delaying its initial public offering until next year, the New York Times reported Thursday, citing three people involved in the company's deliberations.Onsemi (ON) shares slid nearly 24% intraday, the steepest drop on the S&P 500, after the chipmaker agreed to acquire semiconductor company Synaptics (SYNA) in a deal with an enterprise value of about $7 billion. Synaptics shares rose 0.2%.Gold was up 1.1% at $4,091.50 per troy ounce, while silver advanced 1.2% to $59.04 per ounce.Spot gold was headed for its fourth weekly fall as expectations of US interest rate hikes combined with a stronger dollar weighed on the yellow metal.

Dow JonesNasdaq CompositeS&P 500$IBM$MSFT$ON$SYNA

Treasury38d ago

National Bank's Weekly Economic Watch

Canada's Consumer Price Index in May rose 0.95% in non-seasonally adjusted terms, following a 0.36% increase in April, and above consensus expectations of a 0.8% increase, National Bank's weekly economic monitor reports.In seasonally adjusted terms, prices edged up 0.48% in May after advancing 0.36% in April. On an annual basis, headline inflation accelerated from 2.8% in April to 3.2% in May, the highest level since September 2023.April's GDP data will be released next Tuesday. National Bank expects economic output to have grown 0.4% during the month.

$CXY

Wire38d ago

McCormick Faces Consumer Strain, Unilever Deal Questions, UBS Says

McCormick (MKC) continues to face uncertainty around consumer demand and its pending acquisition of Unilever's (UL) foods business, keeping investor sentiment cautious heading into H2, UBS Securities said Thursday in a report.Packaged-food companies broadly are navigating a difficult consumer backdrop, with many at risk of downward earnings revisions as shoppers remain price-sensitive and trade-offs persist, the report said. McCormick's demand trends remain hard to predict, and while the company expects sales to improve later in the year, "many are likely to take a wait-and-see approach," UBS said.Investors are also looking for more clarity on McCormick's planned merger with Unilever's Foods business, with an update expected in September, UBS said. It's uncertain whether that update will be enough to ease concerns about the deal's strategic fit and financial implications, the report said.McCormick's fiscal Q2 results on Thursday came in ahead of expectations, helped by stronger margins, though the beat did little to change the broader concerns weighing on the stock, UBS said.UBS raised its price target on McCormick stock to $52 from $51 and maintained its neutral rating.Price: $50.53, Change: $+2.18, Percent Change: +4.50%

$MKC$UL

Wire38d ago

Update: i-80 Gold Shares Rise After Ending Gold Offtake Deal With Vox Royalty

(Updates with the latest stock movement in the first paragraph and headline.)i-80 Gold (IAUX) shares were up about 2.9% in Friday afternoon trading after the company said it has entered into a termination and settlement agreement with Vox Royalty Cayman SEZC and its parent company, Vox Royalty, to end its existing gold offtake arrangement.The agreement removes i-80 Gold's obligation to sell and deliver up to 40,000 ounces of refined gold annually from its Granite Creek and Ruby Hill properties through 2028, it said.As part of the settlement, i-80 Gold said it will issue 3.45 million common shares valued at about $4.8 million to Vox.The company said the termination is expected to allow it to better manage gold sales based on market prices and support future development plans, including the planned commissioning of the Lone Tree Plant.Price: $1.43, Change: $+0.04, Percent Change: +2.88%

$IAUX

International38d ago

Cargo Traffic to Los Angeles Port Expected to Rise in Week Ending July 11

Cargo traffic at the Port of Los Angeles is expected to rise in the week ending July 11, according to data from ship-tracking system Port Optimizer.A total of 141,100 20-foot equivalent units, a standardized measure of cargo capacity, are projected to reach the port in the week, the data showed. That volume reflects an 18% increase from the previous week and a 19% rise from a year earlier.Twenty-six freight vessels are scheduled to arrive at the port in the week ending July 11, the data showed. That compares with 23 vessels scheduled this week and in the week ending July 4.President Donald Trump said in a Truth Social post on Friday that numerous European countries are discussing the imminent implementation of a digital services tax on US companies and warned that any country that proceeds with such a tax will face a 100% US tariff regardless of any previous trade deals.

Wire38d ago

Market Chatter: Walmart Heir to Buy Minority Stake in Chicago Bulls

Lukas Walton, an heir to the Walmart (WMT) fortune, and his wife, Samantha, are buying a minority stake in the National Basketball Association's Chicago Bulls, Bloomberg reported Friday, citing a statement from the Bulls.Financial terms of the deal, which includes part of the United Center where the Bulls play their home games, were not disclosed, the report said.The Waltons will acquire the stakes from existing limited partners, while the Reinsdorf family will retain its controlling interest in the franchise, according to the news outlet.Walmart and the Bulls didn't immediately reply to requests for comment from.(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: $116.92, Change: $+1.14, Percent Change: +0.98%

$WMT

Commodities38d ago

US Natural Gas Update: Prices Mixed as Forecast Heat Battles Ample Supply

US natural gas futures eased in midday trading on Friday despite firming LNG demand and supportive weather outlooks, with trade instead focused on near-term steady high production and the recent inventory levels in line with seasonal norms.Both the continuous Henry Hub contract and the front-month July 2026 Henry Hub contract fell by 0.39% on their last day of trading to $3.33 per million British thermal units. The August contract rose by 1.37% to $3.34/MMBtu.Supply fundamentals weighed on near-term sentiment. Market participants continued to flag US output holding near 110 billion cubic feet per day, with inventories described as broadly aligned with the five-year average, muting the impact of otherwise supportive demand signals.Storage data added pressure. The latest weekly natural gas storage report from the US Energy Information Administration showed a 76 Bcf injection for the week ended June 19, above expectations for a 67 Bcf build according to data compiled by Investing.com.The print followed a 73 Bcf build in the prior week and compared with a 96 Bcf injection in the same period a year earlier. While smaller than the previous year, NRG noted the inventory build was quite a bit above expectations. The increase was also broadly in line with the five-year average of 75 Bcf.LNG feedgas flows strengthened over the past few weeks, with Friday volumes at 19.13 Bcf versus a 30-day average of 18.21 Bcf, as maintenance-related disruptions across key facilities continued to normalize.Weather models are also skewed bullish. The National Weather Service projected that more than two-thirds of the US will see above-normal temperatures from July 3-9, raising expectations for stronger cooling load.Power sector consumption is expected to climb into the mid-40s Bcf/d next week on heat-driven demand, according to NRG Energy.

Wire38d ago

Hyperscale Data Buys 48.5 Acres for Michigan AI Data Center Campus Expansion

Hyperscale Data (GPUS) said Friday it has completed the acquisition of 48.5 acres of forested land to expand its Michigan AI data center to about 83 acres.This acquisition more than doubled the size of its Michigan Campus, the company said.Shares were down over 6% in afternoon trading.Price: $0.18, Change: $-0.01, Percent Change: -6.76%

$GPUS

Mining & Metals38d ago

Super Copper's Latest Castilla Project Datasets Support Grab Samples Results

Super Copper (CUPR.CN) on Friday said dataset results from its phase-one geophysics program at the Castilla Project in Chile are defining target areas that align with the high-grade gold and copper rock samples of up to 53.8 grams per tonne gold, and 17.7% copper, reported last January.The company also identified a new, unsampled iron-oxide target in the northeast portion of Castilla.Super Copper is advancing a 3D magnetic inversion and induced polarization survey on the property.Super Copper shares were last seen down C$0.01 to C$0.425, on the Canadian Securities Exchange.Price: $0.43, Change: $-0.01, Percent Change: -2.30%

$CUPR.CN

Wire38d ago

Top Midday Decliners

ON Semiconductor's (ON) shares sank nearly 24% amid heavy trading after the company said it will acquire Synaptics (SYNA) in an all-stock deal with an enterprise value of about $7 billion, expanding its edge AI capabilities, according to a joint statement late Thursday.More than 25.5 million shares traded intraday compared with its daily average of around 11.7 million.In a category of stocks with a market capitalization of over $200 billion, 17 out of the 20 worst-performing stocks were technology firms, according to data compiled by Finviz.Western Digital (WDC) shares slumped 12%, with intraday trading volume climbing to 8.9 million from a daily average of roughly 8.1 million.Seagate Technology (STX) was down 7.8% amid a decline in intraday trading volume to about 4.04 million versus a daily average of 4.14 million.Price: $90.57, Change: $-28.17, Percent Change: -23.72%

$ON$STX$WDC

Commodities38d ago

Low Rhine Water Levels, Heat Strain German Fuel Logistics, Kpler Says

Low Rhine water levels and a heatwave are increasing pressure on Germany's oil logistics network, supporting higher barge freight rates and inland diesel prices, Kpler said in a Friday note.Barges carrying diesel, gasoil and gasoline could load only about half their normal capacity as water levels at Kaub, a key Rhine shipping chokepoint, are forecast to drop below 100 centimeters in the coming days.Freight rates for barges operating in the Amsterdam-Rotterdam-Antwerp region have climbed to their highest level since July 2025, while shipping costs into Basel, Switzerland, have increased because more vessels are required to transport the same cargo volumes.Since April, water levels at Kaub have remained below the five-year average and are close to the levels recorded in 2022, when prolonged summer heat severely disrupted navigation along the Rhine.Germany is moving more oil products onto its rail network as Rhine water levels decline, but constrained rail capacity, longer booking lead times, diversion staffing needs and heat-related speed limits are making fuel distribution less flexible.Longer rail journey times continue to add pressure as Germany upgrades its rail network through the mid-2030s, despite the reopening of the Hamburg-Berlin corridor in mid-June 2026 following a 10-month closure.Oil product shipments on the Rhine declined 6.2% over the year in the first half of 2025, the Central Commission for the Navigation of the Rhine said.It noted that Germany had almost 4% less diesel at 14.3 million metric tons, with Belgium and the Netherlands accounting for over 70% of supplies, including pipeline volumes.Restricted barge access is complicating product movements from the MiRO refinery in Karlsruhe and Shell's Godorf refinery near Cologne, forcing additional fuel volumes onto an already constrained rail system.Refiners are using limited barge capacity to move niche products with few storage or transport alternatives, leaving more widely traded fuels to compete for scarce rail capacity, while elevated temperatures also reduce refinery efficiency and output, Kpler said.Germany could see stronger road fuel demand before June 30 as motorists bring forward gasoline and diesel purchases ahead of the expiration of the country's temporary fuel tax reduction, according to Kpler.

Wire38d ago

Walmart Heir to Buy Minority Stake in Chicago Bulls, Bloomberg Reports

$WMT

Sectors38d ago

Sector Update: Energy Stocks Decline Friday Afternoon

Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index decreasing 0.6% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index rose 0.5%.Oil prices resumed their decline on Friday as tankers continued to transit through the Strait of Hormuz, a day after a vessel was attacked in the Gulf of Oman.Front-month West Texas Intermediate crude oil fell 4% to $69.08 a barrel, and the global benchmark Brent crude contract dropped 4.1% to $72.43 a barrel. Henry Hub natural gas futures were 0.2% lower at $3.34 per 1 million BTU.In corporate news, Constellation Energy (CEG) said it filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049. Shares were down 2.2%.Equinor (EQNR) is ending its offshore wind business activities in Japan by the end of the year. The decision is due to a reassessment of its strategic direction and focus on integrated power markets, the firm said. Shares fell 1.6%.TotalEnergies (TTE) said Thursday the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law. Shares were shedding 1.4%.

$CEG$EQNR$TTE

Showing 18741-18760 of 66178

US Markets38d ago

Wall Street Little Changed as Trump Accuses Iran of Violating Ceasefire Agreement

Dow JonesNasdaq CompositeS&P 500$IBM$MSFT$ON$SYNA