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Mercedes-Benz's Cost Actions Ahead of Peers — Market Talk

Mercedes-Benz is ahead of peers when it comes to cutting costs, Jefferies analysts write as they upgrade the stock to buy from hold. However, they cut the target price to 52 euros from 60 euros. The German carmaker has achieved 80% of its fixed cost reduction target but is running behind on materia…

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Matador Resources to Expand Midstream Joint Venture's Operations with $752M Deal

By Connor HartMatador Resources said its majority-owned midstream joint venture has entered a deal to acquire the operating subsidiaries of Cardinal Midstream Partners for $752 million.The company said Monday that it expects the transaction to be cash neutral for San Mateo Midstream, its joint vent…

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Thyssenkrupp's Steel Business is a Source of Potential — Market Talk

Thyssenkrupp's steel business is a source of potential, given improving policy support and restructuring progress, Bank of America analysts say in a research note. If EU trade rules push European steel prices higher, the German conglomerate benefits more than most competitors due to its higher cost…

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Prosus Beats Expectations, Partly on Latin America Strength — Market Talk

Tech investor Prosus beat expectations for fiscal 2026, with a positive performance in Latin America helping its results, ING's Marc Hesselink says in a research note. Revenue exceeded consensus expectations by 7%, due to a strong performance from its iFood food-delivery unit in Latin America despi…

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Zymeworks to Buy Theravance Biopharma for About $929 Million

By Colin KellaherZymeworks has agreed to buy biopharmaceutical company Theravance Biopharma for about $929 million in a deal that would add Yupelri, a treatment for chronic obstructive pulmonary disease, to the biotechnology company's portfolio.Zymeworks on Monday said it would pay $17 a share in c…

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Korn Ferry to Acquire AMS for About $1.1 Billion

By Connor HartKorn Ferry agreed to purchase AMS for an aggregate price of about $1.1 billion, expanding its portfolio of professional services with additional workforce and operational capabilities.The consulting firm on Monday said the combination will bring together two highly complementary organ…

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Euro Trades Firm as Market Awaits ECB's Sintra Forum — Market Talk

The euro is relatively firm ahead of a busy week that could reshape expectations for monetary policy in both the euro area and the United States, DHF Capital S.A's Bas Kooijman says in a note. Attention is centered on the European Central Bank's forum in Sintra, Portugal, where policymakers could p…

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Forex
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Major Canadian Economic Indicators Expected This Week

All dates are in ET Time. Tuesday, June 30, 2026 Exp Prev ET/GMT 0830/1230 Jun Principal field crop areas 0830/1230 Apr GDP GDP, M/M% +0.4% -0.1% Qtrly An…

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Economy

The 10-Point: The Wall Street Journal's Guide to the Day's Top News

By Emma TuckerThis morning, we bring you the story of how a master of deception conned investors out of $50 million — in his own words. Paul Regan recorded himself ripping off investors, offering rare access into the inner workings of a fraud. Federal prosecutors say Regan and his co-conspirators m…

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