My top 10 things to watch Thursday, April 9 1. Stock futures are pointing to a lower open this morning as oil prices are rising. U.S. benchmark WTI crude is up 5% to over $99 a barrel. Will oil tanker traffic in the Strait of Hormuz resume? Will the ceasefire hold? Iran has already accused the U.S. of breaching it. 2. After yesterday's big relief rally, the S & P 500 has climbed 6.9% from the war-...
My top 10 things to watch Thursday, April 9 1. Stock futures are pointing to a lower open this morning as oil prices are rising. U.S. benchmark WTI crude is up 5% to over $99 a barrel. Will oil tanker traffic in the Strait of Hormuz resume? Will the ceasefire hold? Iran has already accused the U.S. of breaching it. 2. After yesterday's big relief rally, the S & P 500 has climbed 6.9% from the war-driven bottom on March 30. It's also just 2.8% below its record close on Jan. 27. Yesterday, the market showed you what's worth owning when things calm down. Labor market and inflation are key questions. We learned this morning that the Fed's preferred inflation gauge matched expectations in February, up 3% year over year when excluding food and energy. 3. Club name Meta Platforms and CoreWeave announced an expanded long-term agreement for AI computing capacity worth $21 billion . Meta needs all the compute it can get for things like Reels and its new AI models , and CoreWeave has the chips, including Nvidia' s forthcoming Vera Rubin platform. Clear signal that the AI boom hasn't faded. 4. JPMorgan upgraded Capital One to buy from and hold, naming the credit-card issuer its top pick in the consumer finance sector. The pullback in this Club stock has been frustrating, but JPMorgan sees limited downside from here unless "new tail risks emerge." When Capital One reports in less than two weeks, I want to see clear progress in realizing synergies from the Discover acquisition and learn more about its plans for payments startup Brex . 5. Hormel Foods was downgraded to hold from buy at JPMorgan, with analysts worried about margin headwinds for the maker of Spam and Skippy peanut butter. Packaged food stocks have been a graveyard. Hormel is down 27% over the past year, and its 5% dividend yield hasn't blunted the decline. With plans to buy Unilever's food business, McCormick is arguably the most interesting stock in this neighborhood. 6. Stifel upgraded Texas Instruments to buy fro...
England utility back Helena Rowland will start at inside centre in a much-changed team for their Women's Six Nations opener against Ireland at Allianz Stadium on Saturday.
England utility back Helena Rowland will start at inside centre in a much-changed team for their Women's Six Nations opener against Ireland at Allianz Stadium on Saturday.
FatCamera/E+ via Getty Images Thesis NovaBridge Biosciences ( NBP ) reported an FY25 GAAP EPS of about -$0.48. So, there have clearly been continued losses, with the company investing pretty heavily in clinical development. Now, even with the negative earnings, the company maintains a decent liquidity position with about $210.8 million in cash and short-term investments. We can expect this sum to ...
FatCamera/E+ via Getty Images Thesis NovaBridge Biosciences ( NBP ) reported an FY25 GAAP EPS of about -$0.48. So, there have clearly been continued losses, with the company investing pretty heavily in clinical development. Now, even with the negative earnings, the company maintains a decent liquidity position with about $210.8 million in cash and short-term investments. We can expect this sum to provide cash runway through to 2028. My upside thesis would hinge more on continued strong clinical validation of Givastomig. I expect this candidate's progression to be a big driver of the stock, particularly if the upcoming data confirms durable efficacy and clean safety. What we want is a smooth transition into a registrational Phase 3 and a potential accelerated approval pathway to add momentum to shares. If we do see this, it would likely drive a significant re-rating of the pipeline with the market starting to assign a much more meaningful value beyond the company’s current near-cash valuation that we're seeing now. NovaBridge Biosciences NovaBridge Biosciences F Y25 results NovaBridge reported FY25 results this week, and the company seems to still be in transition from a restructuring phase into capital-intensive clinical development. As you would then expect, there’s been a hefty increase in R&D spending, now $62.9 million, up from $21.8 million back in 2024. Now, this was mainly driven by acquisitions such as VIS-101 and Bridge Health assets, but they’ve also made some progress on a few of their lead programs. That being said, it would seem that management’s focus right now is strategic prioritisation of pipeline acceleration over near-term profitability. They reported a net loss from continuing operations of about $88.3 million, a lot wider than the year before. However, I don’t see this deterioration as unusual for a biotech firm entering mid-stage trials. As for spending, administrative expenses remained relatively controlled, rising only slightly to $31.4 milli...
Rocket Lab (NASDAQ: RKLB) just completed its 85th mission, further strengthening the case that the business is executing at a high level. But with options activity surging and expectations already elevated, the bigger opportunity may come down to whether the stock can still justi
Rocket Lab (NASDAQ: RKLB) just completed its 85th mission, further strengthening the case that the business is executing at a high level. But with options activity surging and expectations already elevated, the bigger opportunity may come down to whether the stock can still justi
After recent losses in trials related to social-media practices, the tech company began taking down ads on its apps meant to attract eligible plaintiffs.
After recent losses in trials related to social-media practices, the tech company began taking down ads on its apps meant to attract eligible plaintiffs.
(RTTNews) - Dynacor Group Inc. (DNG.TO), an ore processing company for gold production, announced Thursday the appointment of Daniel Misiano as President & CEO immediately following the June 2026 Annual Shareholder Meeting.
(RTTNews) - Dynacor Group Inc. (DNG.TO), an ore processing company for gold production, announced Thursday the appointment of Daniel Misiano as President & CEO immediately following the June 2026 Annual Shareholder Meeting.
(RTTNews) - The U.S. economy grew by less than previously estimated in the fourth quarter of 2025, according to a revised data released by the Commerce Department on Thursday.
(RTTNews) - The U.S. economy grew by less than previously estimated in the fourth quarter of 2025, according to a revised data released by the Commerce Department on Thursday.
Vuzix ( VUZI ) on Thursday said it is expanding its reach into the global veterinary medical market through a reseller agreement with Movora, a global veterinary med-tech company specializing in orthopedic implants, surgical instruments, and continuing education for veterinary professionals. Movora plans to distribute Vuzix M400 smart glasses-based remote support kits through their customer growth...
Vuzix ( VUZI ) on Thursday said it is expanding its reach into the global veterinary medical market through a reseller agreement with Movora, a global veterinary med-tech company specializing in orthopedic implants, surgical instruments, and continuing education for veterinary professionals. Movora plans to distribute Vuzix M400 smart glasses-based remote support kits through their customer growth initiatives to a North American network of veterinary professionals. Source: Press Release More on Vuzix Vuzix Corporation (VUZI) Q4 2025 Earnings Call Transcript Vuzix GAAP EPS of -$0.12 misses by $0.03, revenue of $2.24M beats by $0.32M Seeking Alpha’s Quant Rating on Vuzix Historical earnings data for Vuzix Financial information for Vuzix
US Elemental, a newly formed U.S. lithium development company, will go public on Nasdaq through a business combination with Constellation Acquisition Corp. I ( CSTAF ), the companies said on Thursday. The company will hold the McDermitt Lithium Project in Oregon, one of the largest U.S. lithium resources with about 21.5 million tonnes of lithium carbonate equivalent, and the Clayton North Project ...
US Elemental, a newly formed U.S. lithium development company, will go public on Nasdaq through a business combination with Constellation Acquisition Corp. I ( CSTAF ), the companies said on Thursday. The company will hold the McDermitt Lithium Project in Oregon, one of the largest U.S. lithium resources with about 21.5 million tonnes of lithium carbonate equivalent, and the Clayton North Project in Nevada. The deal implies a pro forma enterprise value of approximately $571 million. Jindalee Lithium (ASX: JLL), the parent of HiTech Minerals, which owns the U.S. assets, will roll over 100% of its equity and retain a majority stake in US Elemental. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and shareholder consent, and includes a planned capital raise of $20-30 million. Source: Press Release More on Constellation Acquisition Corp I Financial information for Constellation Acquisition Corp I
The Czech Republic is seeking to extend the operating life of the Dukovany nuclear power station into the mid-2060s after safety analysis indicated the plant can run longer than originally planned. Dukovany’s four reactors could run for a total of 80 years, according to Deputy Prime Minister Karel Havlicek , meaning they could operate until around 2065 to 2067, subject to continued investment. Pri...
The Czech Republic is seeking to extend the operating life of the Dukovany nuclear power station into the mid-2060s after safety analysis indicated the plant can run longer than originally planned. Dukovany’s four reactors could run for a total of 80 years, according to Deputy Prime Minister Karel Havlicek , meaning they could operate until around 2065 to 2067, subject to continued investment. Prior to the analysis, power utility CEZ AS had expected operations to last 60 years. “Eighty-year operation is starting to become a trend in the world,” CEZ Chief Executive Officer Daniel Benes said Thursday at a press briefing alongside Havlicek. “We see this as realistic in our country, assuming regular evaluation of the condition of the facility and safety of operation.” The landlocked country, which has limited options for wind and solar power, is hoping atomic energy can help it reduce its reliance on fossil fuels. Dukovany’s four reactors were commissioned in the mid-1980s and CEZ has been gradually carrying out upgrades and extending the plant’s life. The government also plans to add new reactors at the Dukovany site, where Korea Hydro & Nuclear Power Co. has been selected as the preferred bidder in a multibillion-dollar tender for two units. It expects the first to start operating in 2036.
Almost 2,000 jobs will be created, with retailer vying to overtake Morrisons as Britain’s fifth largest supermarket Lidl is to open 50 new UK stores in the year ahead as it aims to overtake Morrisons as the country’s fifth largest supermarket chain. The German-owned retailer, which now has more than 1,000 British stores, said it planned to invest more than £600m in UK growth, creating almost 2,000...
Almost 2,000 jobs will be created, with retailer vying to overtake Morrisons as Britain’s fifth largest supermarket Lidl is to open 50 new UK stores in the year ahead as it aims to overtake Morrisons as the country’s fifth largest supermarket chain. The German-owned retailer, which now has more than 1,000 British stores, said it planned to invest more than £600m in UK growth, creating almost 2,000 jobs as it expands its warehouse and logistic network to supply its new outlets. Continue reading...
(RTTNews) - Bitmine Immersion Technologies, Inc. (BMNR), a Bitcoin and Ethereum network company, on Thursday announced its successful uplisting to the New York Stock Exchange, with its shares set to begin trading at market open on April 9, 2026, under the ticker symbol "BMNR."
(RTTNews) - Bitmine Immersion Technologies, Inc. (BMNR), a Bitcoin and Ethereum network company, on Thursday announced its successful uplisting to the New York Stock Exchange, with its shares set to begin trading at market open on April 9, 2026, under the ticker symbol "BMNR."
The dollar and oil are trading in lockstep in the wake of the US-Iran ceasefire this week, tightening the relationship between them to near-record levels. A gauge that tracks the correlation between the benchmark price of US oil and Bloomberg’s dollar index over a 30-day period has spiked since early March, and is now approaching the peak last seen a year ago when President Donald Trump announced ...
The dollar and oil are trading in lockstep in the wake of the US-Iran ceasefire this week, tightening the relationship between them to near-record levels. A gauge that tracks the correlation between the benchmark price of US oil and Bloomberg’s dollar index over a 30-day period has spiked since early March, and is now approaching the peak last seen a year ago when President Donald Trump announced aggressive trade tariffs. The dollar index slid as much as 1.1% to a four-week low on Wednesday as news of the temporary truce sent US crude oil prices plunging by 16%. The greenback was steady Thursday as oil gained 5% amid signs that the ceasefire was fraying ahead of peace talks scheduled for Friday. “In this war there are no other major drivers of FX at the moment, so correlations have centered on oil,” said Noah Buffam , strategist at CIBC Capital Markets. “Risks of a breakdown in talks should keep some risk premium in the dollar.” The dollar has several direct links to oil, which have underpinned the close correlation since early March. The US is the world’s top oil producer, with the war in Iran pushing overseas demand for its output to record levels. Abundant domestic supply means the US economy is better positioned to withstand an energy price shock. The greenback is also the currency of global crude trade. Read more: Dollar Enjoys Petrocurrency Status as Oil Drives Markets Options markets reflect the link. Sentiment, as depicted by so-called risk reversals, turned sharply more bullish for the greenback as Brent climbed above $110. The relationship was especially clear beyond the short-term, with one-month and one-year dollar-bullish options moving closely with crude. News of the ceasefire prompted a partial unwinding of those bets on dollar strength, led by the one-week tenor. Still, all maturities remain well above pre-war levels, suggesting the dollar continues to reflect an oil premium. The currency has also benefited from haven flows during the market turmoil ...