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Morgan Stanley earnings top estimates on increased trading revenue
CNBC· 2025-07-16 11:36
Core Insights - Morgan Stanley reported second-quarter results that exceeded Wall Street expectations, driven by increased trading revenues [1][2] - Net income increased by 13% to $3.5 billion, or $2.13 per share, compared to $3.1 billion, or $1.82 per share, in the same period last year [1][4] - Institutional securities net revenues reached $7.64 billion, up from approximately $6.98 billion a year ago, with strong performance in equity trading [2] - Wealth management also performed well, generating net revenues of $7.76 billion, an increase from $6.79 billion a year ago [2] - The bank's stock has risen over 12% this year, outperforming the S&P 500 [3] Financial Performance - Earnings per share were reported at $2.13, surpassing the expected $1.96 [4] - Total revenue for the quarter was $16.79 billion, exceeding the anticipated $16.07 billion [4]
NVDA Stock To $200?
Forbes· 2025-07-16 11:35
BEIJING, CHINA - JULY 15: Jensen Huang, co-founder and chief executive officer of Nvidia Corp, ... More receives a media group interview before attending the welcome dinner of the third China International Supply Chain Expo (CISCE) on July 15, 2025 in Beijing, China. (Photo by Wan Quan/VCG via Getty Images)VCG via Getty Images Nvidia (NASDAQ:NVDA) has announced that it received confirmations from the Trump administration permitting it to resume sales of its H20 artificial-intelligence chip to China after en ...
MolDX to Convene Expert Medical Panel on Medicare Local Coverage Determination (LCD) for Lucid Diagnostics' EsoGuard® Esophageal DNA Test
Prnewswire· 2025-07-16 11:31
Group 1 - Lucid Diagnostics Inc. announced a virtual public meeting on September 4, 2025, to discuss the reconsideration of Local Coverage Determination (LCD) L39256 for its EsoGuard® Esophageal DNA Test [1] - The meeting will involve Medicare Administrative Contractors and medical experts, focusing on the clinical literature related to esophageal precancer testing [2] - Lucid's CEO expressed optimism about the meeting's potential to lead to a positive Medicare coverage policy outcome, citing broad consensus in the GI community regarding the clinical utility of EsoGuard [2] Group 2 - Lucid Diagnostics is a commercial-stage company focused on cancer prevention, specifically targeting patients with gastroesophageal reflux disease (GERD) at risk of esophageal precancer [3] - The EsoGuard® Esophageal DNA Test is designed for early detection of esophageal precancer through a noninvasive procedure, representing a significant advancement in cancer prevention tools [3]
Sono Group N.V. to Update at the Emerging Growth Conference on July 17, 2025
GlobeNewswire News Room· 2025-07-16 11:31
Munich, July 16, 2025 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono Group” or “Sono”, parent company to Sono Motors GmbH or “Sono Motors”) is pleased to announce it will be giving an update on the Emerging Growth Conference (EGC) on July 17, 2025.Following a successful presentation at EGC in June 2025, Sono Group will provide the investor community with an update on its most recent market traction, collaborations and anticipated uplisting to ...
National Fuel Gas (NFG) Surges 5.7%: Is This an Indication of Further Gains?
ZACKS· 2025-07-16 11:30
National Fuel Gas (NFG) shares rallied 5.7% in the last trading session to close at $88.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.4% gain over the past four weeks.National Fuel Gas will serve as a key transporter of the natural gas required to fuel the new Shippingport Power Station, which is expected to consume up to 800 million cubic feet per day (MMcf/d). The company intends to effectively util ...
Full Circle Lithium's Fire Extinguishing Agent FCL-X™ Achieves UL Class A Fire Recognition - Unlocking Major U.S. and Global Market Opportunities
Prnewswire· 2025-07-16 11:30
USA-based Underwriters Laboratories Solutions (UL) is a globally trusted leading authority in safety certification After passing all required UL testing and with UL Class A Fire Recognition in hand, FCL expects to open new end-user markets in the USA as well as internationally, including industrial, commercial, retail, military, and government transportation agencies This significant milestone is in addition to all the breakthrough achievements FCL-X™ has demonstrated in extinguishing lithium-ion battery f ...
Aon enhances industry-leading Reinsurance team with executive appointments
Prnewswire· 2025-07-16 11:30
Alfonso Valera named CEO of International, Steve Hofmann as CEO of Americas, George Attard as Global Head of Strategy and Tomas Novotny as Chairman of InternationalDUBLIN, July 16, 2025 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the appointments of Alfonso Valera as CEO of International for Reinsurance, responsible for UK, EMEA and APAC, and Steve Hofmann as CEO of Americas for Reinsurance, responsible for North America and Latin America. The firm also ...
DeFi Technologies Reports All-Time High in SUI Assets Under Management and Treasury Holdings
Prnewswire· 2025-07-16 11:30
Valour's SUI AUM Surpasses US$63.5 Million (C$87.1 Million); DeFi Technologies' SUI Treasury Hits US$20.2 Million (C$27.7 Million)—Now Its Second Largest Holding After Bitcoin Valour's SUI AUM Hits Record High of US$63.5M (C$87.1M): Reflecting a 54% increase since June 30, driven by investor demand and interest in emerging Layer 1 ecosystems like SUI.Valour's SUI ETP is also among the fastest-growing products in its portfolio of over 75 exchange-traded products (ETPs).  DeFi Technologies' SUI Treasury Grows ...
Rigetti Demonstrates Industry's Largest Multi-Chip Quantum Computer; Halves Two-Qubit Gate Error Rate
GlobeNewswire News Room· 2025-07-16 11:30
BERKELEY, Calif., July 16, 2025 (GLOBE NEWSWIRE) -- Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has achieved its mid-year performance milestone of 99.5% median two-qubit gate* fidelity on its modular 36-qubit system, a 2x reduction in median two-qubit gate error rate from Rigetti’s previous best results on its 84-qubit single chip Ankaa™-3 system. Composed of four 9-qubit chips (“chiplets”) tiled together, ...
Noble Mineral highlights Mann Central Nickel Sulphide Initial Resource as announced by Canada Nickel
Thenewswire· 2025-07-16 11:30
  TORONTO, July 16, 2025 – TheNewswire - Noble Mineral Exploration Inc. ("Noble" or the "Company") (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce the initial mineral resource at Mann Central as announced by its joint venture partner Canada Nickel in the East Timmins Nickel Company, operating in the Timmins area of Northern Ontario. Noble CEO Vance White said “We congratulate our partner Canada Nickel on the work completed and the Initial Resource estimate for Mann Central project in Mann Twp and we are ...