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Stocks
Snap gains after Wells Fargo raises PT on stabilizing ad environment
** Social media company Snap's SNAP.N shares rise 8.2% to $9.40 in morning trading** Wells Fargo raises SNAP PT to $11 from $8 on Monday, representing an upside of ~27% to stock's last close** Brokerage says it sees positive near-term setup driven for co due to conservative Wall Street conse...Reuters
Tue, Jul 1
Stocks
Nike rises; Argus Research upgrades to 'buy'
** Shares of Nike NKE.N gain as much as 3.9% to $73.83 in early trade** Argus Research upgrades stock to "buy" from "hold"; sets a PT of $85, a near 20% upside to the last close** Expect Nike to build on its dominant position through its globally recognized brand, innovative products...Reuters
Tue, Jul 1
Other
CompScience's 'special sauce' changes industry economics as it eyes vertical expansion, Butler says
By James ThalerJune 30 - (The Insurer) - CompScience’s Josh Butler has said the AI-powered workers' compensation MGA is eyeing industry vertical and product expansion after completing its $27.5 million Series B earlier this year, and argued the insurtech “fundamentally changes” industry economic...Reuters
Tue, Jul 1
Other
Fed's Powell says he is focused on doing job '100%', earns applause at ECB event
SINTRA, Portugal, July 1 (Reuters) - U.S. Federal Reserve Chair Jerome Powell, asked whether President Donald Trump's personal attacks make his job harder, on Tuesday said he was "100%" focused on delivering on the Fed's congressional mandates, earning applause from his fellow centra...Reuters
Tue, Jul 1
Other
Crypto.com secures $120 million Aon-placed insurance coverage for digital assets
By Isha MaratheJuly 1 - (The Insurer) - Cypto.com, a regulatory compliance, security and privacy firm, has secured $120 million total of crime and specie insurance coverage for digital assets custodied by Crypto.com Custody Trust Company, and arranged by Aon.The insurance coverage, effective since ...Reuters
Tue, Jul 1
Cryptocurrencies
GameStop Inspired a Lingerie MMA League to Buy Bitcoin: SUBBD Token Soars?
Shaun Donelly knows a hot item when he sees one – and Bitcoin’s the hottest item of them all. The CEO of the Lingerie Fighting Championship plans to build the company’s own Bitcoin treasury, and he’s taking inspiration from an unlikely source: GameStop. Is this a flash in the pan, or is the Lingerie...NewsBTC
Tue, Jul 1
Stocks
Trade Desk rises after Citi hikes PT
** Shares of ad-tech firm Trade Desk TTD.O rise 2.6% to $73.8** Citi Research raises PT for Trade Desk to $90 from $82** "Our survey found TTD the clear market share leader and best performing demand side platform (DSP) across key qualities, including inventory and data" - Citi** Citi said c...Reuters
Tue, Jul 1
Other
Warner Music, Bain Capital launch $1.2 billion venture to buy music catalogs
July 1 (Reuters) - Warner Music Group WMG.O and Bain Capital are launching a joint venture to purchase up to $1.2 billion of music catalogs, the companies said on Tuesday, the latest in a series of partnerships between record labels and private equity firms. While the companies will work together to...Reuters
Tue, Jul 1
Other
Trucordia adds Aon's Khanna as chief information officer
By Isha MaratheJuly 1 - (The Insurer) - U.S. insurance broker Trucordia said on Tuesday that it has hired Rajeev Khanna, former global chief technology officer at Aon, as its chief information officer. In the role, Khanna will guide Trucordia's platform integration strategy, lead digital transf...Reuters
Tue, Jul 1
Cryptocurrencies
Bitget joins Mastercard and Immersve to issue crypto cards for UK and EU users
Bitget wallet partnered with Mastercard for a new direct-spending card, issued by Immersve. The card will allow users to swap and spend their crypto assets directly from their wallet balance.Cryptopolitan
Tue, Jul 1
Commodities
Q&A-Is Venezuela about to lose Citgo, its most prized foreign asset?
By Marianna Parraga HOUSTON, July 1 (Reuters) - A U.S. court has completed a second bidding round in a auction of shares in the parent of Venezuela-owned Citgo Petroleum after at least three consortia submitted revised bids in June, raising creditors' hopes of receiving payment for some of Ve...Reuters
Tue, Jul 1
Other
Aon adds Vantage's Patel as North America financial institution industry leader
By Isha MaratheJuly 1 - (The Insurer) - Aon has hired Bhuma Patel, former senior vice president at Vantage Risk Companies, as North America financial institution industry leader. Patel has over 20 years of experience in the industry. Before Vantage Risk, she held roles at CNA Insurance, Axis Capita...Reuters
Tue, Jul 1
Commodities
US natgas prices ease over 4% amid strong production, soft demand
By Sherin Elizabeth Varghese July 1 (Reuters) - U.S. natural gas futures fell more than 4% on Tuesday, weighed down by expectations of rising production and milder weather that are expected to support above-average storage injections and curb demand in the coming weeks.The front-month gas futures...Reuters
Tue, Jul 1
Commodities
Davis Commodities Unveils Ai-Driven Refinery Strategy
July 1 (Reuters) - DAVIS COMMODITIES Ltd DTCK.O:DAVIS COMMODITIES UNVEILS TRANSFORMATIVE AI-DRIVEN REFINERY STRATEGY TO ACCELERATE GROWTH AND ENHANCE VALUATIONDAVIS COMMODITIES LTD - PROJECTS REVENUE TO EXCEED $300 MILLION IN FY2026DAVIS COMMODITIES LTD - TARGETS 30% ROE WITHIN TWO YEARSDAVIS COMMOD...Reuters
Tue, Jul 1
Stocks
Hershey to drop synthetic dyes from its snacks by 2027
July 1 (Reuters) - Hershey HSY.N said on Tuesday it would remove synthetic dyes from its snacks by the end of 2027, making it the latest in a growing list of companies seeking to align with directives from U.S. health authorities.In April, Health Secretary Robert F. Kennedy Jr. and FDA Commissioner ...Reuters
Tue, Jul 1
Other
King Risk acquires New Jersey's VIA Insurance Agency
By Isha MaratheJuly 1 - (The Insurer) - King Risk Partners has acquired VIA Insurance Agency, based in Holmdel, New Jersey, expanding its presence in the state. The financial terms of the deal were not disclosed. "Their commitment to client satisfaction and personalised service aligns perfectly...Reuters
Tue, Jul 1
Forex
Fed's Powell says dollar swap lines remain important tool
By Michael S. DerbyNEW YORK, July 1 (Reuters) - Federal Reserve Chairman Jerome Powell said Tuesday the U.S. central bank has no plans to change how it offers dollar liquidity to other official entities. Speaking on the matter of the Fed's dollar swap lines system, Powell told a gathering held b...Reuters
Tue, Jul 1
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