According to Macquarie, China's state-owned refiners may begin accessing commercial oil reserves in the third quarter of 2026, while the country could also expand its crude tanker fleet to enhance import security.
Cracker Barrel has named restaurant industry veteran David Deno as its next CEO, replacing Julie Masino who is stepping down after three years. The change follows a tumultuous period for the company, which faced a significant customer backlash over a branding change last year.
The investment bank raised its forecast for the key U.S. manufacturing gauge, citing a surprisingly strong July report from the Dallas Fed that showed gains in demand and output.
Shares of Capricor Therapeutics collapsed by nearly 68%, wiping out over $190 million in value, after FDA briefing documents cast doubt on its lead drug candidate for Duchenne muscular dystrophy. The sell-off followed multiple financial warning signs, including zero revenue and widening losses.
The vertically integrated steel producer received upgrades from BNP Paribas Exane and GLJ Research after its third-quarter guidance for adjusted EBITDA significantly surpassed Wall Street expectations.
Wall Street analysts are divided on Bending Spoons (NASDAQ: BSP) following its public debut, with a majority issuing neutral ratings due to its high valuation, despite a proven M&A strategy. The average price target implies a modest 14% upside from its current price.
Palantir Technologies is set to report earnings on August 3, with investors weighing the company's rapid revenue growth against a steep valuation and recent stock volatility. The options market is pricing in a potential post-earnings move of nearly 10%.
Caterpillar (NYSE: CAT) stock dropped 4% on Monday after analysts at Erste Group downgraded the heavy equipment manufacturer from Buy to Hold, pointing to a premium valuation and pressure on profit margins.
A Morgan Stanley analysis of the European telecommunications sector reveals that while most companies are exceeding revenue expectations, half have missed their EBITDA targets, signaling a slowdown in profit growth.
