ADVFN US – Market Content Editor
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Cameco suspends Cigar Lake mining after acid plant outage disrupts ore processing
Production paused following equipment failure at McClean Lake Cameco (NYSE:CCJ) has temporarily halted mining activities at its Cigar Lake uranium operation in northern Saskatchewan after an equipment failure at Orano’s McClean Lake processing facility interrupted ore treatment. The disruption stems from a shutdown of the sulfuric acid plant at the McClean Lake mill, where uranium…
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Wedbush initiates SpaceX with Outperform rating, sees AI and Starlink driving long-term growth
Analyst sees SpaceX evolving into a leading hyperscaler Wedbush has launched coverage of Space Exploration Technologies Corp. (NASDAQ:SPCX) with an Outperform rating and a $190 price target, arguing that the company is uniquely positioned to become a major hyperscaler spanning satellite connectivity, space launches and artificial intelligence infrastructure. Analyst Dan Ives described SpaceX as “one…
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Corona maker Constellation Brands tops forecasts as beer business drives earnings growth
Strong beer performance lifts quarterly results Constellation Brands Inc Class A (NYSE:STZ) reported first-quarter results ahead of Wall Street expectations, supported by continued strength in its beer division. Adjusted earnings came in at $3.43 per share, surpassing the consensus forecast of $3.25 by $0.18. Revenue reached $2.43 billion, slightly above analysts’ expectations of $2.41 billion,…
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Tesla Q2 deliveries seen rising as European demand gathers pace (TSLA)
Analysts forecast stronger quarterly deliveries Tesla (NASDAQ:TSLA) is expected to report higher vehicle deliveries for the second quarter when it releases production and delivery figures on Thursday, with Wall Street forecasting a rebound driven primarily by improving demand in Europe. According to a survey of 20 analysts compiled by Visible Alpha, Tesla is expected to…
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Nike warns turnaround will take longer as China weakness clouds outlook (NKE)
Revenue beat fails to offset cautious outlook Nike (NYSE:NKE) acknowledged that its turnaround remains a work in progress after ongoing weakness in China and a subdued outlook overshadowed a modest fourth-quarter revenue beat. The sportswear group reported a 1% decline in quarterly revenue, while sales in Greater China fell by double digits, leaving investors unconvinced…
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Oil prices edge higher as uncertainty over Iran-US talks fuels supply concerns
Crude markets rebound on geopolitical uncertainty Oil prices moved modestly higher on Wednesday as investors assessed the risk that stalled negotiations between Iran and the United States could delay a lasting agreement, raising concerns about future crude supplies from the Middle East. Brent crude futures gained 14 cents, or 0.19%, to $73.09 a barrel by…
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Citi lowers bitcoin and ether price targets as ETF outflows weigh on crypto outlook
Brokerage turns more cautious on leading cryptocurrencies Citigroup has reduced its 12-month price forecasts for bitcoin (COIN:BTCUSD) and ether (COIN:ETHUSD), citing weaker investor demand, persistent exchange-traded fund (ETF) outflows and limited progress on US cryptocurrency legislation. In a research note published on Tuesday, the bank lowered its bitcoin target to $82,000 from $112,000 and cut…
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US futures edge lower as investors await Warsh remarks and key economic data: Dow Jones, S&P, Nasdaq, Wall Street
Markets begin the second half cautiously US stock futures traded lower on Wednesday ahead of the first session of the second half of the year, with investors preparing for comments from Federal Reserve Chair Kevin Warsh, fresh US manufacturing data and ongoing geopolitical developments in the Middle East. By 03:16 ET, Dow Jones futures were…
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ADVFN Appoints Jason Paltrowitz as Non-Executive Director
Former OTC Executive Brings Capital Markets Expertise to Support Global Growth LONDON – July 1, 2026 — ADVFN Ltd is pleased to announce the appointment of Jason Paltrowitz as a Non-Executive Director. Jason brings more than 20 years of leadership experience across global capital markets, investor relations, exchange services, and corporate advisory. He served as…
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Stocks Rally to Close Out Strong Quarter as Iran Ceasefire Lifts Sentiment
Wall Street closed out the second quarter on a high note Monday, with all three major indexes finishing firmly in positive territory as a combination of renewed confidence in the AI trade and welcome geopolitical relief gave investors reason to buy. The Dow Jones Industrial Average climbed to a fresh all-time high, capping what many…