American, Delta stocks fall as Iran conflict sparks worries about fuel costs, travel demand
MarketWatch· 2026-03-02 14:24
Core Viewpoint - Airline stocks have experienced a decline due to concerns over rising fuel costs triggered by the ongoing conflict in Iran [1] Group 1: Industry Impact - The conflict in Iran has raised fears about potential increases in fuel prices, which could significantly impact airline operating costs [1] - Airlines are particularly sensitive to fuel price fluctuations, as fuel costs represent a substantial portion of their overall expenses [1] Group 2: Market Reaction - Following the news of the conflict, airline stocks have seen a notable drop, reflecting investor anxiety regarding future profitability [1] - The market's reaction indicates a broader concern about the stability of the airline industry amidst geopolitical tensions [1]
New UPS revenue helps Cargojet overcome loss of China e-commerce volume
Yahoo Finance· 2026-03-02 14:22
Cargojet expects to continue providing replacement capacity to UPS through the third quarter, and possibly into the busy fourth quarter because regulators have not yet indicated when the MD-11s will be certified to fly again. Revenue from UPS will more than make up for lost transpacific sales this year, Chairman Ajay Virmani said on Wednesday’s earnings briefing.UPS said last month it will retire its 27 MD-11s rather than return them to service when they are cleared to fly by the Federal Aviation Administra ...
Rubico Announces Management Estimate of Net Asset Value to $94.2 Million
Globenewswire· 2026-03-02 14:22
Core Viewpoint - Rubico Inc. estimates its net asset value (NAV) as of December 31, 2025, to be $94.2 million, translating to $22.88 per common share on a current basis and $15.08 per common share on a fully diluted basis [1] Company Overview - Rubico Inc. is a global provider of shipping transportation services, specializing in vessel ownership, and operates two modern, fuel-efficient, eco-friendly Suezmax tankers [3] - The company is incorporated in the Republic of the Marshall Islands and has its executive offices in Athens, Greece, with common shares traded on the Nasdaq Capital Market under the symbol "RUBI" [3] Financial Insights - The company's CEO highlighted that Rubico is currently trading at a 94.4% discount to its fully diluted NAV [2] - The fleet has an average age of about five years, featuring state-of-the-art vessels with eco-friendly and fuel-efficient specifications [2] - Time charters with high-quality customers are generating positive cash flow and income, expected to continue until their fixed period expires in Q1 2031 [2]
Silver Spruce Resources Inc. Announces Non-Brokered Private Placement for Proceeds of up to $2,000,000
Accessnewswire· 2026-03-02 14:22
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BEDFORD, NS / ACCESS Newswire / March 2, 2026 / Silver Spruce Resources Inc. ("Silver Spruce" or the "Corporation") (TSXV:SSE) is pleased to announce a non-brokered private placement to raise proceeds of up to $2,000,000 through the issuance of up to 10,000,000 units of the Corporation (the "Units") at an issue price of $0.20 per Unit (the "Offering"). Each Unit is comprised of one common share and one common s ...
Assessing AST SpaceMobile’s (ASTS) Future Value
Yahoo Finance· 2026-03-02 14:21
Crossroads Capital LLC, an investment management company, released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund rose 2.7% net of fees and expenses in Q4 2025, bringing its annual return to 37.7% net. Since its inception, the Fund compounded at the rate of 21.2% gross and 17.1% net. By the end of December 2025, the Fund's overall non-delta adjusted gross and net exposure were recorded at 89.7% and 72.1%, respectively. After a strong Q3, November revealed ho ...
Gas Prices Surge as Qatar Shuts World’s Largest LNG Export Plant
Yahoo Finance· 2026-03-02 14:21
Photographer: Karim Jaafar/AFP/Getty Images Qatar shut down liquefied natural gas production at the world’s largest export facility after it was targeted in an Iranian drone attack, sending European gas prices surging more than 50% and rattling global energy markets. QatarEnergy’s Ras Laffan plant covers about a fifth of global LNG supply and the unprecedented halt now threatens energy security worldwide. Most Read from Bloomberg European benchmark gas futures jumped the most since the energy crisis i ...
Zacks Initiates Coverage of JVA With Outperform Recommendation
ZACKS· 2026-03-02 14:21
Zacks Investment Research has recently initiated coverage of Coffee Holding Co., Inc. (JVA) with an “Outperform” recommendation, citing the company’s unique positioning in the growing specialty green coffee market and diversified operating model.Coffee Holding is an integrated wholesale coffee roaster and dealer engaged in sourcing, roasting, blending, packaging and distributing wholesale green coffee, private-label coffee and branded coffee products. Headquartered in Staten Island, NY, the company operates ...
MTDR Q4 Earnings & Revenues Beat on Higher Production Volumes
ZACKS· 2026-03-02 14:21
Key Takeaways MTDR beat Q4 estimates with 87-cent EPS and $849M revenue, driven by higher production volumes.Matador Resources grew total output 5% to 211,290 BOE/D, topping guidance on strong well performance.MTDR guided 2026 production above 2025 levels, with up to $1.55B in capital spending planned.Matador Resources Company (MTDR) reported fourth-quarter 2025 adjusted earnings of 87 cents per share, which beat the Zacks Consensus Estimate of 71 cents. The bottom line declined from the year-ago quarter’s ...
uniQure (QURE) Reports Q4 Loss, Misses Revenue Estimates
ZACKS· 2026-03-02 14:21
uniQure (QURE) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of a loss of $0.93. This compares to a loss of $1.5 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +39.91%. A quarter ago, it was expected that this human gene therapy company would post a loss of $0.85 per share when it actually produced a loss of $1.38, delivering a surprise of -62.35%.Over the last four quarters, the compan ...
Aaon (AAON) Misses Q4 Earnings Estimates
ZACKS· 2026-03-02 14:21
Aaon (AAON) came out with quarterly earnings of $0.39 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.3 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.85%. A quarter ago, it was expected that this maker of air conditioning and heating equipment would post earnings of $0.33 per share when it actually produced earnings of $0.37, delivering a surprise of +12.12%.Over the la ...