Shares of Kirby Corporation (KEX) climbed significantly after BofA Securities raised its price target and Stephens initiated coverage with a positive rating. The upgrades highlight favorable conditions in the inland barge market and growth in the company's power generation division.
Wheat futures gained on Wednesday as traders anticipated the U.S. Department of Agriculture's monthly supply and demand report. Potential weather-related harvest delays in Ukraine also appeared to influence market sentiment.
Financial services firm Bernstein has reiterated its "outperform" rating for Ryanair, raising its price target and naming the airline its top European transport pick for the third quarter. The firm argues that the market is undervaluing the carrier's long-term earnings potential.
U.S. President Donald Trump announced on Wednesday that a ceasefire deal with Iran was "over" and warned of additional U.S. military strikes against the country. The comments, made at a NATO summit in Turkey, have escalated tensions and caused a surge in global oil prices.
Cuban authorities have started to slowly restore electricity to the capital, Havana, following a collapse of the national power grid on Monday. The cause of the widespread outage, which affected the entire island, has not yet been announced.
Shares of Kura Sushi USA fell sharply after the company reported fiscal third-quarter revenue that missed expectations and lowered its full-year sales forecast. The revolving sushi chain also reported a significant decline in guest traffic, contributing to investor concerns.
European wholesale natural gas prices increased this week, driven by forecasts of a summer heatwave, unexpected maintenance extensions in Norway, and a slower-than-usual pace of refilling storage facilities.
The International Energy Agency forecasts global natural gas consumption will fall by 0.5% in 2026, driven by high prices and supply disruptions linked to geopolitical conflict. This would mark the third annual decline for gas demand this decade.
U.S. President Donald Trump stated he will grant Ukraine a license to manufacture Patriot missile interceptors. The announcement was made during a meeting with Ukrainian President Volodymyr Zelenskyy at the NATO summit in Turkey.
