The U.S. Central Command confirmed the southern route of the Strait of Hormuz remains open for commercial shipping despite Iranian aggression, following U.S. Treasury Secretary Scott Bessent's statement that a deal with Iran to reopen the Strait may happen soon. Oil prices fell sharply but later stabilized after these remarks. Meanwhile, the White House and Pentagon denied reports of depleted U.S. missile stockpiles during the Iran conflict, asserting ample munitions availability. Talks involving Iran, Oman, and Pakistan, with indirect U.S. involvement, are reportedly close to finalizing an agreement to reopen the strategic waterway, which is vital for global oil shipments.
Two directors of Equitable Holdings sold shares recently, with Bertram L. Scott selling 2,780 shares and Craig C. MacKay selling 2,000 shares. Meanwhile, institutional investors showed mixed activity: Engineers Gate Manager LP drastically cut its hol...
Shares of Greenland-linked mining companies surged following a new U.S.-Denmark-Greenland security agreement that boosted investor interest in Greenland's mineral resources. Greenland Mines Ltd. jumped over 229%, while Critical Metals Corp. rose near...
Biotech stocks and leveraged ETFs were the biggest losers in the market, with Cue Biopharma dropping 23.7% despite positive Phase 2 clinical results. Leveraged ETFs tied to AMD, Strategy, and Novo Nordisk also saw sharp declines due to their daily-re...
Priority Technology Holdings is being taken private in a $1.6 billion deal led by its Chairman and CEO, Thomas Priore. The acquisition price is $8.05 per share, matching the analyst price target set by Lake Street, which downgraded the stock to 'Hold...
General Mills is set to report its Q3 2026 earnings with an expected 16.3% decline in earnings per share to $0.72 and revenue forecast around $4.35 billion, down from last year. Despite these declines, the company reaffirmed its full-year adjusted EP...
