By Chris WackJoby Aviation said it is working with Toyota Motor to establish a joint venture to promote air mobility.The companies said the partnership, in its initial phase, will combine Joby's work in electric aviation with Toyota's expertise in production systems and operational excellence.The s…
(13:48 GMT) Bio-Techne Price Target Raised to $73.00/Share From $65.00 by TD Cowen
U.S. natural gas futures pick up from losses the previous two sessions as this week sees the hottest weather so far of the summer. LNG feedgas demand is at its highest in three months, and power demand could set records for parts of the U.S. in the next two weeks, Dennis Kissler of BOK Financial sa…
Canada's economy isn't in recession, says Canadian Chamber of Commerce's Andrew DiCapua. A rebound in GDP with 0.5% on-month growth in April shows the economy is still chugging along, even if growth isn't especially strong, the economist says. DiCapua says that for the Bank of Canada, the recovery…
ProMIS Neurosciences Initiated at Overweight by Cantor Fitzgerald
Recession talk in Canada, sparked by a 0.1% annualized decline in 1Q, was for naught based on April GDP data, says Douglas Porter, chief economist at BMO Capital Markets. GDP by industry rose 0.5% in April, and 1.1% on a 12-month basis, which marks the fastest pace of year-over-year growth in seven…
A federal tax credit that helped offset the cost of installing electric vehicle chargers expires Tuesday, eliminating a key financial incentive for retailers investing in charging infrastructure.For commercial operators in low-income or non-urban census tracts, the provision offers a tax credit of…
Canada's GDP data for April should take some air out of the recent recession talk in the country, says Marc Ercolao, economist at TD Bank. GDP by industry rose 0.5% in April from the prior month, and that leaves quarterly GDP tracking above 2% annualized, he says. GDP growth in April was largely fu…
(13:40 GMT) RB Global Price Target Announced at $145.00/Share by Raymond James
By Caitlin McCabeU.S. stocks are closing out a blockbuster quarter Tuesday.Major indexes were mixed at the open but are on pace for their best quarterly gains in years. The S&P 500 is up 14% through Monday, and the Nasdaq has jumped 20%-the biggest quarterly rallies for both since the second quarte…
Oil prices tick higher in early U.S. trade, but are on pace for their largest quarterly decline since early 2020 as investors await clarity on a potential U.S.-Iran meeting in Doha. "Discussions could be indicative of the appetite from both sides to honor the agreed 60-day road map, or the situati…
First Comm Bankshares Initiated at Market Perform by Raymond James
By Connor HartSLB said it has been awarded a seven-year contract by state-run Kuwait Oil, supporting research, technology and digital-innovation programs aligned with Kuwait's long-term energy objectives.The oilfield-services company, formerly known as Schlumberger, said Tuesday it will work with K…
Bitcoin ETFs tracked by CoinGlass continue to shed value, with another $231 million liquidated from the market through yesterday. June has been a tough month for bitcoin ETFs, posting net outflows totaling $4.3 billion--including eight straight days of net outflows recorded by ETFs, says Konstantin…
Mid Penn Bancorp Initiated at Outperform by Raymond James
0937 ET - Bitcoin ETFs tracked by CoinGlass continue to shed value, with another $231 million liquidated from the market through yesterday. June has been a tough month for bitcoin ETFs, posting net outflows totaling $4.3 billion--including eight straight days of net outflows recorded by ETFs, says…
Capital One Initiated at Overweight by Piper Sandler
(13:35 GMT) American Express Price Target Announced at $396.00/Share by Piper Sandler
(13:34 GMT) Affirm Holdings Price Target Announced at $103.00/Share by Piper Sandler
DJIA Falls 28.54 Points (0.05%)
