Markets
Whitecap Resources sets 2026 debt target after Veren acquisition
Canadian oil producer outlines CAD 2 billion debt reduction plan and forecasts CAD 2.2 billion free cash flow in 2026 base case. Production guidance maintained at 384,000-386,000 BOE/day.
Herc Rentals appoints Erik Olsson to expanded board
Appointment adds industry veteran to nine-member board as company reports $4.4 billion in 2025 revenue and operates 607 North American locations.
Honeywell reshuffles Process, Building Automation leadership
Billal Hammoud takes over Process Technology as Juan Picon replaces him at Building Automation. Ken West departs for an external role after leading Process Technology.
Industries Qatar posts 89% profit slump in H1 2026 on lower volumes
Net profit fell to QR 216 million as volumes declined 31% and sales dropped 46% year-over-year. Steel segment remained profitable while petrochemicals and fertilizers posted losses.
Saratoga Investment raises $85M via 8% notes due 2031
Business development company Saratoga Investment priced an $85 million unsecured notes offering at an 8% yield, maturing in 2031, with proceeds to redeem its 2027 notes.
Moody's upgrades Vodafone hybrid debt on amended terms
Rating agency lifts ratings on four hybrid securities by one notch after changes to terms, citing improved financial flexibility and stable outlook.
Moody's affirms Nvidia's Aa1 rating on Ohio AI data center deal
Rating agency cites Nvidia's $105bn residual value guarantee for a 4.25GW Ohio data center campus as key support for its investment-grade rating.
IM Cannabis approves 1-for-30 reverse stock split to regain Nasdaq compliance
Consolidation aims to lift share price above $1 minimum bid requirement within 180-day window. Trading on split basis to begin August 27.
Swiss investor backs Synhelion’s e-fuels to revive combustion engines
Kenny Eichenberger, a Mercedes-Benz dealer turned investor, has taken a multi-million-franc stake in Synhelion, a Swiss firm producing synthetic fuels for aviation, shipping and road transport. He sees e-fuels as a potential lifeline for internal combustion engines.
WhiteFiber shares slump 24% after $250M convertible note plan
Proposed $250 million convertible note offering and $60 million property buyout spook investors. Shares fall to $20.50 in after-hours trading.
WhiteFiber shares drop 25% after $250 mln convertible note offering
AI infrastructure firm plans to raise $250 million via 2032 convertible notes, with proceeds earmarked for data center expansion and potential acquisitions. Shares fell sharply in after-hours trading.
CCC Intelligent shares surge 8% on takeover report
Software firm's stock jumps after Bloomberg reports Copart is considering an acquisition. Copart shares dip 0.6% in reaction.
Liberty Energy targets 3 GW power capacity by 2029 as AI drives efficiency gains
Denver-based Liberty Energy outlined plans to expand power generation to 3 GW by 2029, leveraging AI-driven logistics and equipment monitoring while maintaining a 23% historical cash return on capital. Shares fell 3.8% to $21.39.
Brazil’s Bolsonaro campaign adds ex-minister, market figures to policy team
Senator Flavio Bolsonaro appoints Adolfo Sachsida, Daniella Marques, and other market-linked advisors to bolster his economic policy team ahead of October’s election.
NowVertical shares surge 32% on Q2 2026 profit growth, revenue beat
NowVertical Group reported an 18% year-over-year revenue increase to $9.7 million in Q2 2026, with adjusted EBITDA rising 41% to $1.5 million. The company’s stock climbed 31.82% following the earnings update.
Steve Cohen buys stakes in JPMorgan and U.S. Treasuries via managed account
Congressman Steve Cohen disclosed investments in JPMorgan Chase CDs and Treasury bills through his Stephens Advantage Account, with both positions maturing in August 2027. Holdings valued between $100,001 and $250,000 each.
Singularity Future Technology raises $1.8M via registered direct offering
Singularity Future Technology priced a $1.8 million registered direct offering of 600,000 shares at $3 each. The deal, led by Univest Securities, is expected to close Wednesday pending customary conditions.
U.S. sees low odds of Canada tariff deal before deadline
Trump administration signals limited prospect of agreement as 50% duties on Canadian goods near; leaders hold final call amid rising tensions.
Hays board reshuffles committees, disbands sustainability panel
Helen Cunningham named Remuneration Committee chair as Joe Hurd joins; sustainability oversight moves to the board after panel is dissolved.
Swiss SMI gains 0.5% as Geberit, Roche lead; Alcon, insurers lag
Defensive heavyweights and strong earnings from Geberit drove the Swiss benchmark higher, while Alcon and insurance stocks declined. Second-tier movers included Implenia, Skan and LLB on results.
GLP-1 weight-loss drugs fuel biotech and food sector growth
Semaglutid-based therapies drive expansion in pharmaceuticals and food innovation as companies target the $100 billion obesity treatment market.
HSBC upgrades South Korea to overweight on easing deleveraging risks
HSBC shifts Korean equities to overweight as margin debt falls $21 billion and leveraged ETF assets shrink. Analyst cites strong earnings outlook through 2027, including a potential 7% dividend yield at Samsung Electronics.
Volkswagen seeks India partner deal by year-end, Skoda CEO says
German automaker targets local joint venture to expand in India’s fast-growing car market amid regulatory challenges and emissions rules. Skoda CEO cites need for deeper local roots.
Nordic Mining shares slide 6.3% as liquidity crunch hits Engebø ramp-up
The Oslo-listed miner’s stock extended losses after second-quarter results showed a NOK 154.3 million operating loss and no revenue amid production delays at its flagship Engebø project.
Radiant World cuts jobs after bank account freezes amid fraud allegations
Singapore-based iron ore trader Radiant World has laid off staff and sold inventories after Deutsche Bank and KBC Group froze accounts, citing concerns over falsified documents.