Markets

Phillips 66 shares reach record $216.32 amid energy rally
Energy refiner Phillips 66 hits an all-time high as oil prices climb and refining margins strengthen. The stock last traded at $216.32.

Regions Financial names interim CAO after executive retirement
The regional lender appoints an interim Chief Accounting Officer following the retirement of its CAO, effective immediately.

Stitch Fix debuts 'Favorite Daughter' capsule for busy moms
Retailer Stitch Fix launches a new seasonal collection aimed at time-strapped mothers, expanding its product line amid competitive apparel market.

Nasdaq to acquire LeveL Markets' alternative trading system
Deal expands Nasdaq’s trading infrastructure with a platform specializing in off-exchange liquidity solutions for equities and options.

CVS Group non-executive director buys shares
Transaction follows recent financial performance and market activity for the veterinary services provider.

Kalpataru Projects Q1 FY27 profit up 46% on margin expansion
Indian infrastructure firm posts quarterly net profit of ₹2.1 billion, citing higher operational efficiency and cost control. Shares rise on strong earnings beat.

OSI Systems wins $10M+ order for networking hardware parts
Defense and security technology provider secures multi-million-dollar contract for critical networking components.

BIO-key raises $2.5 million via warrant exercise agreement
Biometric security firm BIO-key secures $2.5 million in capital through the exercise of warrants by investors, bolstering its liquidity position.

LiqTech wins $2M order from U.S. steelmaker
Danish cleantech firm LiqTech secures a second $2 million order from a major U.S. steel manufacturer for filtration systems.

Cingulate releases pharmacokinetic study for ADHD drug candidate
Results from the Phase I trial support further development of CTx-1301, a novel treatment for attention deficit hyperactivity disorder.

American Ocean Minerals appoints Paul Warmé as CFO
The deep-sea mining firm names an industry veteran to lead its finance team amid expansion plans.

FibroBiologics secures patent for islet transplant method
Biotech firm gains exclusive rights to a novel islet transplantation technique, potentially advancing diabetes treatment.

Oil traffic through Strait of Hormuz falls sharply despite reopening claims
Declining tanker volumes through the key chokepoint raise questions about the durability of regional trade flows amid geopolitical tensions.

Acurx secures antibiotic patents in Japan and Mexico
U.S.-based biopharma gains intellectual property protection for two antibiotic candidates in key markets, expanding commercialization potential.

Gujarat Energy reports 63% revenue jump in Q1 FY27 amid rebrand
Revenue rose sharply as the company completed its corporate rebranding initiative, while earnings figures were not disclosed.

Caplin Point Q1 FY27 revenue rises 20% but shares slip on capacity worries
Indian pharma firm posts strong quarterly growth amid investor concerns over production bottlenecks and future scalability.

Autonomix Medical finishes FDA pre-clinical study
Medical technology firm Autonomix Medical has completed a pre-clinical study required for its FDA submission, moving closer to regulatory review.

Savills admits 27.7 million shares after acquisition
UK real estate firm issues additional shares following a strategic acquisition, increasing its share capital.

Citi sees silver rallying to $90 on surging investment demand
Analysts at Citi project silver prices could nearly double to $90 per ounce as physical and ETF demand outpaces supply constraints.

CoreWeave, Super Micro shares rise on AI infrastructure demand
Shares of AI server providers CoreWeave and Super Micro Computer gain as signs point to sustained investment in artificial intelligence infrastructure.

Sagimet Biosciences shares rise on clinical trial update
Stock climbs after company provides positive interim data from mid-stage trial of lead candidate FASN inhibitor.

U.S. offers 81 million acres in Gulf of Mexico for oil drilling
Interior Department auction targets offshore blocks amid energy policy shift. Bids open in August as industry eyes expanded production.

Aardvark Therapeutics shares surge on clinical trial update
Biotech stock jumps after positive interim data from an ongoing Phase 2 trial evaluating its lead candidate, AVTX-002.

Indian bonds slip as Brent crude tops $90
Benchmark 10-year yield rises as higher oil prices stoke inflation concerns and weigh on investor sentiment.

Yen steadies near 160 per dollar as intervention effects wane
The Japanese currency holds ground after authorities' recent market operations, with traders assessing the durability of intervention amid persistent dollar strength.

