This shortened US trading week ahead of Independence Day features key events impacting markets. The Federal Reserve maintained rates with a hawkish outlook, influencing borrowing costs and asset prices. The June jobs report, moved to July 2, will affect the Fed's next moves and interest rates. Private credit funds like Blackstone's BCRED face redemption pressures and rising non-accrual loans, especially in software sectors tied to AI. July 1 reinsurance resets show falling prices, benefiting insurers but reducing returns for capital providers. Meanwhile, AI-related borrowing is growing rapidly, much of it off-balance-sheet, potentially impacting loan valuations and private credit fund values ahead of equity markets.
Willis Towers Watson, a global advisory firm, is poised for growth with a 25.3% potential stock upside, driven by new initiatives like KwantSure, a digital insurance sales channel for subcontractors, and a Geospatial Mortality Model to improve pensio...
AngioDynamics reported an 8% revenue increase to $86.6 million in Q4, driven by a 16.7% sales rise in its Med Tech division, notably from NanoKnife and AlphaVac products. H.C. Wainwright raised the price target from $16 to $19 and maintained a Buy ra...
PNC Financial Services Group reported Q2 2026 adjusted EPS of $4.85 and record revenue of $6.88 billion, surpassing analyst expectations. The growth was driven by a 15.5% rise in net interest income and a 31.4% increase in fee income, reflecting stro...
Greenlight, a leading cannabis operator, expanded its Ohio presence by opening four new dispensaries and adding in-state manufacturing, reaching the state's maximum allowed eight dispensaries. This move strengthens Greenlight's position in Ohio's lim...
Halper Sadeh LLC is investigating whether shareholders of Element Solutions Inc (ESI), Crinetics Pharmaceuticals (CRNX), and Solstice Advanced Materials (SOLS) are receiving fair treatment in their respective sale and merger transactions. The firm hi...
