The Iran-backed Houthi militant group has taken control of Yemen's strategic Red Sea port city of Mokha, near the critical Bab el-Mandeb Strait. This move threatens global shipping lanes and increases pressure on oil supply routes, contributing to oil prices staying above $100 per barrel. The capture is a significant setback for Saudi-backed Yemeni forces and could escalate tensions in the region, with no immediate truce expected. Energy markets are closely monitoring the situation as risks to Middle Eastern oil infrastructure grow.
Sterling Infrastructure reported a 90% increase in Q2 revenue to $1.17 billion, largely fueled by its E-Infrastructure Solutions segment, which now accounts for 78% of revenue and grew 192% year-over-year. Adjusted EBITDA rose 104% to $256.7 million,...
A trader on Hyperliquid opened a massive 40x leveraged long position of 911.55 BTC worth about $70 million at an average price of $77,733. The liquidation price is $76,308.60, and Bitcoin's current price near $77,150 leaves less than 1% room before t...
Capricor Therapeutics faces a class action lawsuit alleging it made false statements about the progress of its deramiocel drug candidate toward FDA approval. The lawsuit claims the company misled investors by promoting positive trial results while kn...
Lumen Research rates the iShares MSCI Global Silver and Metals Miners ETF (SLVP) as Buy, citing strong earnings leverage to rising silver prices and robust margins in Q2. In contrast, the Kurv Silver Enhanced Income ETF (KSLV) is rated Hold because i...
Trainline PLC shares rose nearly 10% after announcing a £100 million share buyback and reporting adjusted EBITDA margins slightly above guidance. Group net ticket sales were flat at £3.3 billion, and revenue was down 1%, both better than expected. Sh...
