Daily Newsroom
Follow market-moving stories, policy signals, and company developments curated by the editorial desk.
Lead story
Citi Research has raised its rating on automotive supplier Forvia to 'Buy' from 'Neutral,' anticipating that a reaffirmation of the company's full-year guidance will help the stock recover from its recent downturn.
Shares of the energy giant climbed in pre-market trading, driven by a surge in crude oil prices following reports of attacks on vessels in the Strait of Hormuz and a U.S. policy shift on Iranian oil sales.
Bank of America clients became net buyers of U.S. equities for the first time in five weeks, purchasing a net $4 billion in the week ending July 3. The shift was primarily driven by strong buying from hedge funds, which have now been net buyers for four consecutive weeks.
Chevron has announced it will allow rival oil producers to use its proprietary chemical technology designed to increase output from shale wells. The move aims to address declining well productivity across the U.S. shale industry.
Citing increased volatility in Asia and concerns over the sustainability of AI-related spending, HSBC has closed its "overweight" recommendation for emerging market equities.
Sunrun's stock increased following the announcement of a pilot program to create a distributed AI data center network using its customers' home solar and battery systems. The initiative aims to process AI workloads by installing compute nodes in customer homes.
A Chevron tanker was hit by a drone near the Caspian Pipeline Consortium terminal at Novorossiysk on the Black Sea. The vessel's managing company reported no visible damage, and the ship has since departed the area.
Brazilian cosmetics company Natura &Co has announced a preliminary year-on-year net revenue decrease of 9% to 10% for the second quarter. Despite the sales drop, the company anticipates an improved profit margin compared to the first quarter.
The pan-European discount retailer boosted its full-year forecast for profit, margins, and cash flow, citing robust third-quarter revenue growth driven by Western Europe and the strategic sale of its Polish food business.
