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Latest Articles

U.S. Receives No Saudi Crude in July, First Full-Month Halt Since 1985

U.S. Receives No Saudi Crude in July, First Full-Month Halt Since 1985

U.S. imports of crude oil from Saudi Arabia fell to zero in July, according to preliminary U.S. Department of Energy data, marking the first full month without Saudi shipments since 1985. The interruption is linked to disruptions in Persian Gulf crude flows tied to the U.S.-Iran conflict. Refiners have shifted toward other sources, including increa…

Guggenheim Names Eyepoint Its Top Biotech Pick, Assigns $68 Price Target

Guggenheim Names Eyepoint Its Top Biotech Pick, Assigns $68 Price Target

Guggenheim has selected Eyepoint Pharmaceuticals Inc as its preferred investment in the biotech sector, assigning a $68 price target based on a sum-of-the-parts net-present-value analysis. The firm’s thesis rests on upcoming clinical catalysts in retinal disorders, including Phase III LUGANO topline data expected in August 2026 and a LUCIA readout …

Federal Court Orders Pentagon to Resume Wind Farm Reviews

Federal Court Orders Pentagon to Resume Wind Farm Reviews

A U.S. district judge has ordered the Department of Defense to lift a temporary suspension of its review process for wind energy projects, siding with renewable energy groups that challenged the freeze. The injunction requires the Pentagon to restart assessments of whether proposed wind farms would interfere with military operations and will stay i…

Ghana's annual consumer inflation eases to 4.6% in July

Ghana's annual consumer inflation eases to 4.6% in July

Ghana's year-on-year consumer inflation fell to 4.6% in July from 5.3% in June, the national statistics service reported on Thursday. Government statistician Alhassan Iddrisu pointed to slower food inflation as the main contributor to the monthly decline. The statistics office also highlighted that more than 86% of inflation reflects domestic goods…

Watts Water Shares Jump After Strong Q2 2026 Results and Raised Outlook

Watts Water Shares Jump After Strong Q2 2026 Results and Raised Outlook

Watts Water Technologies stock climbed after the company reported better-than-expected second-quarter 2026 results, driven by a significant increase in data center sales, double-digit organic growth, and an upgraded full-year outlook. An analyst firm also raised its price target, supporting the share-price move even as major U.S. indices traded low…

Euronext Wheat Falls as Global Stockpiles Erode Black Sea Disruption Fears

Euronext Wheat Falls as Global Stockpiles Erode Black Sea Disruption Fears

Euronext December wheat prices retreated on Thursday as ample global supplies eased worries about war-related interruptions to Black Sea exports. The contract fell 1.7% to €227.75 ($262.23) per metric ton by 1623 GMT, reversing gains from Wednesday and tracking a drop in Chicago futures. Traders pointed to large fund long positions that leave the m…

Remitly Shares Jump After Large Q2 Beat, Guidance Lift and Margin Expansion

Remitly Shares Jump After Large Q2 Beat, Guidance Lift and Margin Expansion

Remitly's stock advanced sharply after the remittance company reported a sizable Q2 2026 earnings beat, raised full-year revenue guidance, and published Q3 revenue targets ahead of expectations. The quarter showed accelerated customer growth, higher send volume and materially improved profitability margins, spurring analyst target adjustments and a…

Coeur Mining Shares Drop After Q2 Results Miss and Guidance Update

Coeur Mining Shares Drop After Q2 Results Miss and Guidance Update

Coeur Mining shares slipped sharply after the company reported second-quarter 2026 results that fell well below analyst expectations on both earnings and revenue. Investors reacted to an adjusted EPS miss, a $140 million non-cash purchase price allocation charge tied to Rainy River stockpile inventory, and a downward update to 2026 guidance reflect…

Block shares tumble as investors weigh mixed Q2 results and softer guidance

Block shares tumble as investors weigh mixed Q2 results and softer guidance

Block Inc. shares slid 6.1% to $79.07 in mid-day trading after an initial post-earnings pop, as investors parsed a set of Q2 2026 results that beat on adjusted EPS and revenue but revealed several operational headwinds. Management reported adjusted EPS of $1.02 on $6.62 billion of revenue, topped analyst forecasts, and nudged full-year gross profit…

TPL Shares Drop After Q2 Results Miss Top-Line Expectations

TPL Shares Drop After Q2 Results Miss Top-Line Expectations

Texas Pacific Land shares slumped intraday after the company reported Q2 results that missed consensus revenue and some EPS benchmarks. While the firm posted record consolidated net income and free cash flow supported by higher oil royalties and volumes, weaker water services revenue and no land-sale gains versus the prior quarter pressured the top…