Morning Bid: Inflation Grinch Creeps Up On Wall Street
Reuters· 2025-12-17 11:34
By Naomi Rovnick, global markets correspondent. ...
Morning Bid: Inflation Grinch Creeps Up On Wall Street
Yahoo Finance· 2025-12-17 11:33
Group 1 - Wall Street is experiencing a lack of the traditional Santa rally due to inflation concerns and geopolitical tensions [1][5] - U.S. President Donald Trump has ordered a blockade of sanctioned oil tankers entering and leaving Venezuela, increasing geopolitical tensions [3] - Warner Bros Discovery's board is expected to advise shareholders against Paramount Skydance's $108.4 billion takeover bid [3] Group 2 - British consumer price inflation unexpectedly fell to 3.2% in November from 3.6% in October, potentially influencing the Bank of England's interest rate decisions [4] - The Labour government in Britain is considering options to boost the economy, including AI-driven productivity or closer trading ties with the EU [4] - China's steel production in November was the weakest in nearly two years, leading to the lowest annual output since 2018 [5]
Action Energy eyes regional expansion after Kuwait stock market listing
Reuters· 2025-12-17 11:33
Oilfield services provider Action Energy Company plans to expand regionally while maintaining a strong focus on its home market, its chairman said on Wednesday, after the company's shares began trading on Kuwait's premier stock market. ...
Denison Announces Closing of Transaction with Skyharbour and Formation of Four Prospective Exploration Joint Ventures Proximal to Wheeler River
Prnewswire· 2025-12-17 11:30
Core Viewpoint - Denison Mines Corp. has successfully closed a transaction with Skyharbour Resources Ltd., resulting in the formation of four joint ventures focused on uranium exploration adjacent to Denison's Wheeler River Project [1][2]. Group 1: Transaction Details - The transaction involves the establishment of four joint ventures, including claims from Skyharbour's Russell Lake Uranium Project, located next to Denison's Wheeler River Project [1][2]. - Denison will operate the Wheeler North and Wheeler River Inliers joint ventures, holding ownership interests of 49% and 70% respectively, while Skyharbour will operate the Russell Lake and Getty East joint ventures with Denison holding 20% and 30% interests respectively [2]. Group 2: Ownership and Options - Denison and Skyharbour have entered into Earn-In Option Agreements, allowing Denison to increase its ownership in the Wheeler North and Getty East joint ventures up to 70% [3]. - Denison holds a 95% effective interest in its flagship Wheeler River Uranium Project, which is the largest undeveloped uranium project in the eastern portion of the Athabasca Basin [4]. Group 3: Project Developments - In mid-2023, Denison completed a feasibility study for the Phoenix deposit as an ISR mining operation and updated the Pre-Feasibility Study for the Gryphon deposit as a conventional underground mining operation, both showing potential to be competitive with the lowest cost uranium mining operations globally [5]. - Permitting for the Phoenix ISR operation began in 2019 and is nearing completion, with the project's Environmental Assessment approved in July 2025 and the Canadian Nuclear Safety Commission Public Hearing concluding in December 2025 [5]. Group 4: Additional Interests - Denison has a 22.5% ownership interest in the McClean Lake Joint Venture, which includes unmined uranium deposits and a uranium mill processing ore from the Cigar Lake mine [6]. - The company also holds interests in various uranium project joint ventures through its 50% ownership of JCU (Canada) Exploration Company, including the Millennium, Kiggavik, and Christie Lake projects [7]. Group 5: Skyharbour Overview - Skyharbour holds a portfolio of uranium exploration projects in the Athabasca Basin, covering over 616,000 hectares, and has acquired a 100% interest in the Moore Uranium Project, located near Denison's Wheeler River project [9]. - The Russell Lake Uranium Project, adjacent to the Moore Project, hosts widespread uranium mineralization with exploration potential [9].
Here's How Much Traders Expect Nike Stock to Move After Earnings Thursday
Investopedia· 2025-12-17 11:30
Core Insights - Nike is expected to report quarterly earnings after market close on Thursday, with significant stock movement anticipated following the results [1][8] - Current options pricing indicates that Nike's stock could swing up to 7% in either direction by the end of the week, with a potential high of around $72 and a low of $62 [2] Financial Performance - Nike's shares are down approximately 11% year-to-date, despite a recovery from April lows following tariff announcements [3] - The company previously reported sales estimates exceeding expectations but noted that ongoing tariff uncertainties negatively impacted profits, with an annual cost projection of $1.5 billion due to tariffs [4] - Analysts project earnings per share of $0.38 for the fiscal second quarter, a decline of about 50% compared to the previous year, with revenue expected to fall 1% year-over-year to $12.23 billion [5] Future Outlook - The third-quarter revenue outlook is considered a key metric for assessing Nike's progress towards consistent growth, with a consensus estimate of $11.46 billion, reflecting a nearly 2% increase from the same period last year [6] - Among 13 analysts, eight have a "buy" rating on Nike's stock, with a mean target price of approximately $82, which would be the highest level since February [7]
Why The Market Shrugged In Reaction To The November Jobs Report
Seeking Alpha· 2025-12-17 11:30
Group 1 - The article does not provide any specific content related to a company or industry [1]
Veru Reports Fiscal Year 2025 Financial Results and Clinical Program Progress
Globenewswire· 2025-12-17 11:30
Core Insights - The company received FDA regulatory clarity for enobosarm in combination with GLP-1 RA, indicating that incremental weight loss is an acceptable primary endpoint for approval [1][10] - The Phase 2b PLATEAU clinical study is planned to start in Q1 2026, focusing on older patients with obesity [1][12] - The company completed a public offering post fiscal year end, raising approximately $23.4 million [1][19] Clinical Development - The Phase 2b QUALITY study demonstrated that enobosarm, when combined with GLP-1 RA, selectively promotes fat loss while preserving lean mass and physical function in older patients [4][17] - The FDA has confirmed that enobosarm 3 mg is an acceptable dosage for future clinical development [11] - The Phase 2b PLATEAU study will evaluate the effects of enobosarm on body weight, physical function, and safety in patients aged 65 and older with a BMI of 35 or higher [12][13] Financial Performance - For fiscal year 2025, research and development expenses increased to $15.6 million from $12.8 million, while general and administrative expenses decreased to $19.9 million from $24.6 million [14] - The operating loss from continuing operations decreased to $24.8 million from $36.2 million [14] - The net loss from continuing operations decreased to $15.7 million, or $1.07 per share, compared to $35.3 million, or $2.61 per share in the previous year [19]
Banyan Gold District Consolidation with Claim Purchase, AurMac Project, Yukon
Accessnewswire· 2025-12-17 11:30
VANCOUVER, BC / ACCESS Newswire / December 17, 2025 / Banyan Gold Corp. (the "Company" or "Banyan") (TSXV:BYN)(OTCQB:BYAGF) is pleased to announce the strategic acquisition of Trail Minto Claims (total 229 claims) located between Banyan's AurMac Project ("AurMac") and Nitra Project ("Nitra") properties from Mayo Lake Minerals Inc. (CSE:MLKM) completing a district consolidation of almost 720 square kilometres ("sq km") around the AurMac Project (Figure 1). "With today's acquisition of the Minto Claims, the A ...
SealingTech Awarded Contract Modification for Joint Cyber Hunt Kit Prototype Continuation
Prnewswire· 2025-12-17 11:30
COLUMBIA, Md., Dec. 17, 2025 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading defensive cyber operations solution provider, received a contract modification from the Department of War's (DoW) Defense Innovation Unit (DIU) for accreditation, training, testing, and additional procurement of the company's Joint Cyber Hunt Kit (JCHK) prototype. The defensive cyber solution is being developed for the United States Cyber Command, as well as the United Kin ...
Trilogy Metals Announces 2026 Program and Budget for Ambler Metals and the Corporate Budget for the Company
Prnewswire· 2025-12-17 11:30
VANCOUVER, BC, Dec. 17, 2025 /PRNewswire/ - Trilogy Metals Inc. (NYSE American: TMQ) (TSX: TMQ) ("Trilogy Metals", "Trilogy" or "the Company") is pleased to announce the program and budget for Ambler Metals LLC, as well as the Company's corporate budget for 2026, reflecting a year focused on advancing the Ambler Mining District toward permitting, technical de-risking, and long-term development. All amounts are in US dollars. Ambler Metals LLC ("Ambler Metals"), the joint venture operating company equally ow ...