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Stocks
Street View: Brokerages positive on Philip Morris despite ZYN shortfall
** Marlboro maker Philip Morris International PM.N missed second-quarter revenue expectations on Tuesday with ZYN nicotine pouches sales disappointing ** The tobacco company raised its fiscal-year profit guidance as it aims to generate two-thirds of its net revenue from smoking alternatives by 2030...Reuters
Wed, Jul 23
Commodities
Russian attack knocked out power to 220,000 consumers, Ukraine's Zelenskiy says
KYIV, July 23 (Reuters) - A Russian drone strike on an energy facility in the Sumy region in northern Ukraine caused power cuts for 220,000 consumers, President Volodymyr Zelenskiy said."Repair work in Sumy region has been going on all day today after the Russian drone strike," he wrote on T...Reuters
Wed, Jul 23
Cryptocurrencies
Arthur Hayes backs CryptoPunks to outperform Ethereum's rally
Ethereum is on the move, and the non-fungible tokens (NFTs) market is showing rare signs of life. The iconic pixelated collection, CryptoPunks, is leading a new wave of digital collectible hype. Amid the fresh surge, Maelstrom CIO Arthur Hayes predicts that the trend may be just getting started. In a recent post, Hayes argued that […]Cryptopolitan
Wed, Jul 23
Stocks
Crypto miner Mara falls on planned $850 million convertible bonds offering
** Shares of crypto miner Mara Holdings MARA.O fall 5.5% to $18.78 premarket** MARA unveils proposed private offering of $850 million of zero coupon convertible bonds due 2032** Proceeds will be used to repurchase a portion of its convertible bonds due 2026 and to buy bitcoin, among other purposes ...Reuters
Wed, Jul 23
Other
Scotiabank Comments On Expected Contribution From KeyCorp's Second Quarter Earnings
July 23 (Reuters) - Bank of Nova Scotia BNS.TO:SCOTIABANK COMMENTS ON EXPECTED CONTRIBUTION FROM KEYCORP'S SECOND QUARTER EARNINGSSCOTIABANK- EXPECTS CAD $61 MILLION CONTRIBUTION TO NET INCOME FROM KEYCORP OWNERSHIP INTEREST IN Q3Reuters
Wed, Jul 23
Cryptocurrencies
Goldman, BNY team up to launch tokens tied to money market funds
July 23 (Reuters) - Goldman Sachs GS.N and BNY BK.N have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall Street's push to bring blockchain technology into traditional finance.Investors can now buy and sell money market fund shares on BNY's Liqui...Reuters
Wed, Jul 23
Other
India accuses Walmart's Myntra of breaching foreign investment rules
Myntra one of India's top fashion e-commerce retailersInvestigation follows antitrust scrutiny of Amazon, FlipkartMyntra says no complaint copy received, pledges cooperationIndia's e-commerce market seen reaching $345 billion by 2030By Munsif Vengattil and Aditya Kalra BENGALURU, July 23 ...Reuters
Wed, Jul 23
Other
Turkey nears Eurofighter jet purchase after UK, German agreements
Germany approves delivery of 40 Eurofighter Typhoon jets to TurkeyUK, Turkey deal to allow Ankara to operate the jetsTurkey in talks with US for 40 F-16s amid regional tensionsBy Ezgi Erkoyun ISTANBUL, July 23 (Reuters) - Turkey reached deals with NATO allies Britain and Germany on Wednesday that...Reuters
Wed, Jul 23
Other
Unipol Tells Market Regulator Consob Its Higher Stake In Bper Banca Is Temporary, Will Return Below 20% After Bper Bid On Pop Sondrio Is Concluded
Bper Banca SpA EMII.MI:JPMORGAN CUT STAKE IN BPER BANCA TO 0.321% FROM 3.093% AS OF JULY 16 - FILINGUNIPOL ASSICURAZIONI RAISED STAKE IN BPER BANCA TO 22.772% FROM 19.774% AS OF JULY 18 - FILINGUNIPOL TELLS MARKET REGULATOR CONSOB ITS HIGHER STAKE IN BPER BANCA IS TEMPORARY, WILL RETURN BELOW 20% AF...Reuters
Wed, Jul 23
Stocks
Strong capesize demand lifts Baltic dry bulk index to over 1-year peak
July 23 (Reuters) - The Baltic Exchange's main sea freight index, which measures rates for ships carrying dry bulk commodities, firmed on Wednesday to its highest level in more than a year, steered by strong gains in capesize rates. * The main index .BADI, which tracks rates for capesize, pan...Reuters
Wed, Jul 23
Other
European Commission Approves J&J's Imbruvica As First Targeted Therapy For Some Patients With Untreated Mantle Cell Lymphoma
July 23 (Reuters) - Johnson & Johnson JNJ.N:J&J: EC APPROVES IMBRUVICA AS FIRST TARGETED THERAPY FOR SOME PATIENTS WITH PREVIOUSLY UNTREATED MANTLE CELL LYMPHOMASource text: [ID:]Reuters
Wed, Jul 23
Stocks
Lamb Weston forecasts upbeat annual sales on robust international demand
July 23 (Reuters) - Lamb Weston LW.N forecast annual sales largely above expectations on Wednesday, betting on strong demand internationally from restaurants to which the company supplies its frozen potato products.Shares of the company rose nearly 8% in premarket trading after it also posted a surp...Reuters
Wed, Jul 23
Other
John Marshall's Q2 net income rises on higher loan demand
OverviewJohn Marshall Bancorp Q2 net income rises 30.7% yr/yr to $5.1 mlnDiluted EPS for Q2 increases 33.3% yr/yr, driven by loan growthNet interest income for Q2 grows 23.5% yr/yr, reflecting margin expansionOutlookCompany anticipates continued growth in loan commitmentsCompany sees potential for n...Reuters
Wed, Jul 23
Commodities
METALS-Copper edges up to two-week peak on hopes for trade deals
By Eric Onstad LONDON, July 23 (Reuters) - Copper prices touched their highest in over two weeks on Wednesday as a U.S.-Japan trade deal boosted sentiment, although gains were capped over concern about surpluses and rising inventories.Three-month copper CMCU3 on the London Metal Exchange was litt...Reuters
Wed, Jul 23
Other
European Commission Approves J&J's Darzalex As First Treatment For Patients With High-Risk Smouldering Multiple Myeloma
July 23 (Reuters) - Johnson & Johnson JNJ.N:EUROPEAN COMMISSION APPROVES DARZALEX® (DARATUMUMAB) AS THE FIRST LICENSED TREATMENT FOR PATIENTS WITH HIGH-RISK SMOULDERING MULTIPLE MYELOMASource text: [ID:]Reuters
Wed, Jul 23
