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KRSP News30 articles
Pan American Silver Stock Surges on Silver Price Rebound Ahead of Earnings
Pan American Silver shares climbed 6% to $57.93 Friday, lifted by a rebound in silver prices after mild inflation data. The company reports earnings on Feb. 18.
Thermo Fisher Prices $3.8B Bond Offering to Fund Clario Acquisition
Thermo Fisher Scientific raised $3.8 billion through a multi-tranche bond offering to fund its planned Clario acquisition. Shares closed down nearly 1% on Friday.
SLB Shares Decline Amid Oil Price Drop Despite Indonesian Gas Contract
SLB shares dropped 1.8% to $50.64 as oil prices declined, overshadowing new offshore drilling contracts for a deepwater gas project in Indonesia targeting first production by 2028.
Albemarle Idles Australian Lithium Plant Amid Price Pressure
Albemarle shares dropped sharply after idling its Kemerton lithium processing unit in Australia. China's battery-grade lithium carbonate prices rose slightly, but spot trading remained sluggish.
IEA Trims Oil Demand Outlook, Sending Prices Lower
Crude oil prices dropped sharply Thursday following a reduced demand forecast from the International Energy Agency and a large build in U.S. stockpiles.
Oil Prices Retreat as IEA Trims Demand Outlook, Inventories Swell
Brent crude prices declined sharply following a reduced demand-growth projection from the IEA and a larger-than-expected build in U.S. crude inventories. Traders are now watching OPEC+ policy moves.
Exxon Mobil Shares Decline on Ex-Dividend Date Amid Weaker Oil Price Outlook
Exxon Mobil stock fell 0.8% to $154.31 as it traded ex-dividend for a $1.03 quarterly payout, while Brent crude dropped 0.6% following an IEA demand forecast cut and larger-than-expected U.S. inventory build.
Zhipu AI Price Hike and Model Launch Sparks Rally in Chinese AI Stocks
Chinese AI firm Zhipu raised subscription prices by at least 30% following its GLM-5 open-source model launch, with its Hong Kong shares surging 30%. Premier Li Qiang called for accelerated commercial AI adoption.
Oil Prices Surge Toward $70 Amid Iran Tensions, Overshadowing Large U.S. Inventory Build
Brent crude futures rallied nearly 2% to $70.02 a barrel as geopolitical risks from U.S.-Iran tensions outweighed a significant 8.5 million barrel increase in U.S. crude stocks. Traders await key reports from the IEA and OPEC+ discussions.
Dollar General Gains on Raised Price Target Amid Economic Data Focus
Dollar General shares advanced after Gordon Haskett increased its price target to $180, while investors monitor inflation data and upcoming earnings.
PepsiCo Shares Gain on Price Cuts and Celsius Board Moves Amid Market Rally
PepsiCo stock rose 1.3% as the company announced U.S. snack price reductions and placed executives on Celsius Holdings' board. Broader equities advanced following a strong jobs report.
Vodafone Gains on Buyback Momentum and Upgraded Price Target
Vodafone shares advanced as the telecom giant continued its multi-billion euro share repurchase program, while DZ Bank raised its fair value estimate for the stock.
Exxon Retreats from 52-Week Peak as Oil Prices Stabilize Ahead of Key Data
Exxon Mobil shares pulled back 0.5% after reaching a fresh 52-week high, with oil prices steady as traders await U.S. inventory figures and economic reports. The energy sector remains sensitive to geopolitical tensions and demand outlook.
Lithium Prices Steady Amid Sluggish Chinese Demand; Miners Secure Floor-Price Contracts
Spot lithium carbonate prices in China held near 136,000 yuan per ton as buying activity slowed. Australian miner PLS Group signed a two-year supply deal with Canmax Technologies featuring a $1,000 per ton floor price.
Oil Prices Dip Amid Strait of Hormuz Tensions, Traders Await U.S. Inventory Data
Brent crude declined 0.35% to $68.80 per barrel as geopolitical risks in the Strait of Hormuz persisted. Market participants are focused on upcoming U.S. stockpile figures and developments regarding Iran and EU sanctions.
Oil Prices Retreat as Hormuz Tensions Offset by Supply Resilience
Brent crude edged lower Tuesday, paring gains from a geopolitical risk rally sparked by U.S. warnings near Iran. Market focus shifts to inventory data and OPEC's monthly report.
Oil Prices Retreat as Geopolitical Tensions Maintain Supply Risk Premium
Brent and WTI crude declined Tuesday amid heightened U.S.-Iran tensions and new maritime guidance for the Strait of Hormuz. Traders await U.S. inventory data for further market direction.
Lynas Shares Gain as Rare Earth Prices Reach Multi-Year High, State Street Boosts Stake
Lynas Rare Earths shares advanced 2.2% after neodymium-praseodymium oxide prices in China hit their highest level since mid-2022. State Street Corporation increased its voting power in the company to 9.55%.
PLS Secures Major Lithium Supply Pact with Canmax, Including $100M Prepayment and Price Floor
PLS Group shares gained after announcing a two-year spodumene supply agreement with Canmax Technologies, featuring a US$1,000 per tonne price floor and a US$100 million prepayment. The deal covers 150,000 tonnes annually from 2026.
Exxon Mobil Reaches 52-Week Peak Amid Rising Oil Prices, Geopolitical Tensions
Exxon Mobil shares surged 1.45% to $151.21, hitting a new 52-week high as Brent crude climbed to $69.04. Traders are eyeing upcoming U.S. inventory and inflation data.
PayPal Gains Despite Price Target Cut as Leadership Transition Nears
PayPal shares advanced 1.7% to $41.12 Monday, even as Cantor Fitzgerald lowered its price target to $42. Investors are assessing the company's turnaround potential ahead of a CEO change on March 1.
Coherent Shares Surge 7% on Bank of America Price Target Boost Amid AI Data Center Focus
Coherent Corp stock rallied over 7% after Bank of America raised its price target to $250, citing strong hyperscale capital expenditure trends. The optical components maker also provided its Q3 revenue and earnings guidance.
Cummins Shares Surge on Upgraded Price Target, Data Center Demand in Focus
Cummins stock climbed over 4% after Raymond James raised its price target to $675, citing data center power needs and a potential truck market recovery. Investors await the May 21 Analyst Day for strategic updates.
Ripple Expands Custody Services Amid XRP Price Volatility and CPI Watch
XRP declined 0.3% to $1.44, extending a weekly loss of 12%, as Ripple announced new custody partnerships with Securosys and Figment. XRP investment products saw $63.1 million in inflows last week despite broader crypto outflows.
PepsiCo Shares Retreat as Snack Price Cuts Spark Margin Concerns
PepsiCo stock declined 2.4% to $166.41 on Monday, reversing last week's rally. Investors are weighing the impact of recent snack price reductions on volume and profitability.
Oil Prices Hold Steady Amid Geopolitical Tensions and Supply Shifts
Brent crude held near $68 as U.S.-Iran talks continued and Indian refiners reduced Russian crude purchases. Traders await key U.S. economic data this week.
Lithium Prices Rebound as Producers Gain Ahead of Key Earnings
Lithium carbonate futures in China climbed to 137,000 yuan per tonne, lifting shares of major producers like Albemarle in premarket trading. Focus shifts to upcoming earnings reports for demand clarity.
Crude Prices Stabilize as Geopolitical Tensions Ease, Focus Shifts to Inventory Data
Oil markets found equilibrium Monday, with Brent crude holding near $68, as progress in U.S.-Iran talks tempered supply fears. Traders are now awaiting key U.S. inventory reports and OPEC/IEA monthly outlooks.
Solana's SOL Dips to $83 Amid Divergent $20-$250 Price Outlooks
Solana's SOL token fell over 4% to near $83, with futures liquidations rising. Analysts present a wide 2026 range, from $20 on legal risks to $250 if stablecoin adoption accelerates.
Ether ETFs See Continued Outflows as Liquidity Thins, Price Tests $2,000
Crypto exchange-traded products recorded a third week of net outflows, totaling $187 million, with Bitcoin funds leading redemptions. Ethereum briefly fell below $1,700 before recovering above $2,000 amid thin market liquidity.