Key Takeaways PSX plans $2.4B in 2026 capital spending, up from $2.1B in 2025, signaling stronger focus on core operations.PSX allocates $1.1B to midstream, backing NGL plants, pipelines and a proposed fractionator. PSX earmarks $1.1B for refining, sustaining work, and the Humber gasoline quality project starting in 2027.Phillips 66 (PSX) , released a glimpse of its $2.4 billion capital budget for 2026, of which $1.1 billion is allocated to maintenance capital and the remaining $1.3 billion for growth capit ...

Key Takeaways KYTX surged 23% after its registrational phase II KYSA-8 study met the primary endpoint in SPS.Kyverna Therapeutics reported a 46% median T25FW improvement, with 81% of patients exceeding a 20% gain.KYTX showed broad functional gains, 67% shed walking aids by Week 16 with a manageable safety profile.Shares of Kyverna Therapeutics (KYTX) surged 23.2% on Monday after the company reported positive top-line data from a registrational mid-stage study of its investigational candidate, mivocabtagene ...

This week's market focus will be on US economic news. On Thursday, weekly initial unemployment claims are expected to fall -11,000 to 225,000. Also, Nov CPI is expected to be +3.1% y/y, and Nov core CPI is expected to be +3.0% y/y. On Friday, Nov existing home sales are expected to be up +1.2% m/m to 4.15 million. Also, the University of Michigan Dec consumer sentiment index is expected to be revised upward by +0.2 to 53.5 from the previously reported 53.3.The US Dec S&P manufacturing PMI fell -0.4 to a 5-m ...

DALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, today announces a new eBook in collaboration with a global semiconductor leader, STMicroelectronics, that explores how advancements in automation, sensing, and intelligent systems are solving today's manufacturing challenges. In "Autonomy Meets Intelligence: Enabling the Future of Factory Automation", ten industry experts discuss h ...

Core Insights - The article discusses the current trends and performance metrics in the investment banking sector, highlighting key financial indicators and market movements. Group 1: Industry Trends - The investment banking industry is experiencing a shift towards digital transformation, with firms increasingly adopting technology to enhance operational efficiency and client engagement [1]. - Recent data indicates a significant increase in M&A activity, with a reported growth of 25% year-over-year in deal volume, reflecting a robust market environment [1]. Group 2: Company Performance - Major investment banks have reported strong quarterly earnings, with an average increase of 15% in net income compared to the previous year, driven by higher advisory fees and trading revenues [1]. - A specific bank has seen its stock price rise by 10% following the announcement of a strategic partnership aimed at expanding its market reach [1].

NEW YORK--(BUSINESS WIRE)--Americans between the ages of 45 and 60 (Generation X) are staring down a significant retirement challenge, as just 16% believe they have saved enough money, according to the Schroders 2025 US Retirement Survey. On average, Gen Xers expect to retire with $711,771 saved – far short of the $1,116,747 they believe is necessary for a comfortable retirement. That's a $404,976 savings gap, which is the largest among all generations surveyed. The savings gap facing Baby Boom. ...

CALGARY, Alberta--(BUSINESS WIRE)--STEP Energy Services Ltd. ("STEP") (TSX:STEP) and ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership and ARC Capital 8 Limited Partnership (collectively, "ARC Energy Fund 8†), a private equity fund advised by ARC Financial Corp. ("ARC†), are pleased to announce the successful closing of the previously announced take-private transaction involving STEP. The transaction w ...

Trading in Rivian Automotive, Inc. (NASDAQ:RIVN) is quiet Tuesday. But the shares appear to have broken resistance. This could have bullish implications and may suggest a move higher. This is why Rivian is our Stock of the Day.Supply and demand drives the stock market. If there is more supply of a stock, meaning shares to be sold, than there is demand or shares to be bought, the stock will trend lower. This is because traders and investors who wish to sell will be forced to offer their shares at discounts, ...

KindlyMD Inc., a healthcare and Bitcoin treasury company, is facing the risk of being delisted from the Nasdaq after its share price remained below the exchange’s minimum bid requirement for an extended period. In a Form 8-K filing dated Dec. 12, the company disclosed that it had received a notice from Nasdaq’s Listing Qualifications Department after its common stock closed below $1 for 30 consecutive trading days, placing it out of compliance with Nasdaq Listing Rule 5450(a)(1). Source: SEC filing Ki ...

AUSTIN, Texas--(BUSINESS WIRE)---- $ALKT #AustinTech--S3 Ventures celebrates 20th anniversary and announces close of $250 Million Fund VIII—bringing AUM to over $1 Billion from a single limited partner. ...