Bank of America energy analysts project a persistent global oil surplus through 2028, driven by rising supply and cooling demand that is expected to peak by the mid-2030s. In a medium-term outlook released Tuesday, the bank warned that Brent crude prices will likely face downward pressure, averaging between $60 and $80 per barrel through 2031 as the market transitions toward a structural plateau.
Marwynn Holdings has signed a non-binding letter of intent to purchase a 51% equity interest in DJ Mex, an electronic-waste sourcing specialist. The deal, announced on Tuesday, positions the supply-chain management firm to significantly expand its footprint in the circular economy and recyclable materials market.
Upstart Holdings has named co-founder Paul Gu as its next chief executive, effective May 1, as the AI-lending platform transitions its founding leadership. Gu succeeds fellow co-founder Dave Girouard, who will remain with the company as executive chairman and special adviser.
Franklin BSP Realty Trust has named Michael Comparato as its new chief executive officer, effective immediately, following the resignation of Richard Byrne. Byrne, who has led the real estate investment trust since 2013, will transition to the role of chairman of the board.
Evolution Mining reported a record half-year net profit of A$766.6 million (US$543.8 million) on Wednesday, more than doubling its previous year’s performance. Surging gold and copper prices allowed the Australian miner to overcome lower production volumes and hike its interim dividend to 20 Australian cents per share.
Metal-recycling firm Greenwave Technology Solutions has named Chelsea Pullano as its chief financial officer, effective Feb. 5, following a strategic services agreement with Mack Financial Solutions.
Semiconductor connectivity leader Astera Labs has appointed Desmond Lynch as its new chief financial officer, poaching the veteran executive from chip and silicon IP provider Rambus. Lynch is scheduled to take over the role on March 2, succeeding Michael Tate, who will transition into a strategic advisory position through the end of the summer.
Moderna Inc. shares fell sharply in after-hours trading after the U.S. Food and Drug Administration (FDA) declined to review the company’s application for its experimental flu vaccine. The regulatory setback follows an agency determination that Moderna’s clinical data failed to provide a necessary head-to-head comparison with current market-leading treatments.
Quantum Leap Acquisition, a Cayman Islands-based blank-check firm, filed for a $200 million initial public offering on Tuesday to fund a future merger in the deep-tech sector. The company plans to list on the New York Stock Exchange, signaling a continued appetite for specialized investment vehicles targeting high-growth industries.
Fortress Value Acquisition Corp. V has filed for a $250 million initial public offering on the Nasdaq, marking the latest blank-check vehicle from the investment giant to seek a public listing. The special-purpose acquisition company (SPAC) aims to partner with a business that can benefit from its sponsors' operational and capital expertise.
Farm Credit Canada, the nation's state-owned agricultural lender, has secured C$5 billion ($3.7 billion) in commitments from a consortium of private equity firms and Royal Bank of Canada to accelerate innovation across the country’s farming sector. The capital injection marks a strategic shift for the Crown corporation as it seeks to leverage external investment to bolster its existing C$63 billion loan portfolio.
Palantir Technologies has finalized a multi-year contract extension with Airbus, ensuring the aerospace giant continues to power its Skywise data ecosystem with Palantir’s analytics software. The renewal deepens a strategic alliance that has defined digital transformation in civil aviation for nearly a decade.
Commonwealth Bank of Australia reported a 5% increase in first-half net profit to A$5.37 billion, surpassing analyst expectations despite intensifying competition in the mortgage market. The result, announced Wednesday in Sydney, comes as the country's largest lender balances rising technology costs against a shifting interest rate environment.
Gilead Sciences reported a fourth-quarter profit of $2.18 billion on Tuesday, outperforming Wall Street expectations as strong demand for its core HIV and liver disease portfolios offset a decline in Covid-19 treatment sales. The biopharmaceutical giant posted revenue of $7.93 billion, a 5% year-over-year increase, signaling a robust transition toward its long-term growth strategy.
Farm Credit Canada, the nation’s state-owned agricultural lender, has secured C$5 billion ($3.7 billion) in capital commitments from a consortium of private equity firms and the Royal Bank of Canada. The influx of capital is earmarked for driving innovation across the country’s agricultural landscape, signaling a shift toward public-private cooperation in farm financing.
Personalis stock climbed on Tuesday after the company secured Medicare coverage for its NeXT Personal molecular residual disease test. The approval applies to the surveillance of patients with Stage I to III non-small cell lung cancer, providing a significant commercial tailwind for the oncology diagnostics specialist.
Energy Services of America shares jumped 34% to a new 52-week high after the infrastructure contractor reported a significant year-over-year increase in both revenue and profit for the first quarter.
Masco Corp. shares climbed 10% on Tuesday after the home improvement manufacturer authorized a new $2 billion share repurchase program and raised its quarterly dividend, signaling corporate confidence despite a year-over-year dip in revenue.
The U.S. Energy Information Administration (EIA) expects global crude prices to retreat from recent highs as production recovers from winter storms and unplanned outages. Despite a January price rally triggered by supply shocks in the U.S. and Kazakhstan, the agency’s latest outlook suggests that rising inventories will define the market trajectory through 2027.
Shares of Dingdong (Cayman) Limited rose 7% to $2.91 after the fresh grocery e-commerce firm announced it would return the majority of proceeds from the sale of its China operations to investors. The company plans to deploy the cash through share repurchases or dividends following its divestiture to a subsidiary of Meituan.
Pilgrim’s Pride is scheduled to report its fourth-quarter results on Wednesday after the market closes, with investors focused on whether surging chicken demand can offset a projected year-over-year dip in net profit.
Shares of GCM Grosvenor rallied Tuesday after the alternative asset management firm reported fourth-quarter earnings and revenue that significantly outpaced analyst estimates.
Incyte shares fell more than 7% on Tuesday as a conservative 2026 revenue forecast overshadowed a double-digit increase in quarterly sales. While the Delaware-based drugmaker beat top-line expectations for the fourth quarter, its outlook for key products like the skin cream Opzelura failed to meet the aggressive growth targets set by Wall Street analysts.
Shopify is set to report its fourth-quarter results on Wednesday morning, with analysts anticipating a significant revenue jump following a robust holiday shopping season. While the e-commerce giant expects to see top-line growth driven by international expansion and its Shop Pay platform, investors remain focused on how the company manages margin compression and its long-term artificial intelligence roadmap.
Yext Inc. launched a $180 million tender offer to repurchase its own shares on Monday, a strategic move aimed at stabilizing its valuation after a failed takeover attempt by its chief executive. The digital presence management firm saw its stock climb 12% following the announcement, recovering some ground after a volatile quarter marked by financing hurdles in the enterprise software sector.
Toronto’s stock market extended its rally during Tuesday’s mid-trading session, fueled by a broad-based advance in the technology and commercial services sectors. The S&P/TSX Composite Index rose 0.7% to 33257.00, supported largely by a significant rating upgrade for e-commerce leader Shopify.
Open Text shares surged in Toronto trading after the Canadian enterprise software giant announced a $200 million expansion to its share repurchase program. The move brings the total aggregate value of the fiscal 2026 buyback initiative to $500 million, reflecting a significant ramp-up in the company's capital return strategy.
McDonald’s is set to report its fourth-quarter results on Wednesday, with analysts forecasting a rise in both profit and revenue as the fast-food giant’s pivot to value meals draws cost-conscious diners back to the Golden Arches.
Dakota Gold shares fell more than 9% on Monday after the company priced a public offering of 12.3 million shares, a move expected to generate at least $75 million in gross proceeds. The capital raise follows a period of significant growth for the firm, which has seen its market valuation nearly double over the past year.
Moderna shares climbed 6.7% on Tuesday following a five-year agreement with the Mexican government to secure a domestic supply of respiratory vaccines. The deal includes a technology transfer to local drugmaker Liomont, enabling the domestic production of mRNA COVID-19 shots to bolster the country's pandemic readiness.
