Banking & Finance

Banking & Finance News

Banking updates, fintech news, market movements, crypto, stock analysis, and payment system developments.

Showing 37–54 of 279 stories

Boeing, RTX Agree To Interceptor Deal With Pentagon; Stocks Rise

The Pentagon has reached an agreement with Boeing and RTX to boost the production of components for surface-to-air interceptor missiles. This move is in response to dwindling munitions stockpiles, largely due to the conflict in Iran, prompting the Department of Defense to urge suppliers to accelerate production to address missile shortages. Following this announcement, both Boeing and RTX stocks experienced a rise.

IInvestor's Business Daily

Banking & Finance15 Aug

Phillips 66 contributes $200,000 to support active wildfire response in Washington

Phillips 66 has donated $200,000 to aid active wildfire response efforts in Spokane, Washington, where multiple fires have burned thousands of acres and destroyed hundreds of structures. The contribution includes $150,000 for the American Red Cross and $50,000 for the Spokane Fire Department Foundation, providing emergency shelter, food, supplies, and critical services for displaced residents and first responders. This support aims to meet immediate needs and strengthen community resilience during the ongoing crisis and recovery.

PPhillips 66

Banking & Finance15 Aug

SCE Wildfire Recovery Compensation Program Enters Final Months; Participation and Payments Continue

Southern California Edison's Wildfire Recovery Compensation Program is nearing its conclusion, with over $410 million already paid out to nearly 2,800 claimants. Federal legislation has been approved to provide tax relief for Eaton Fire compensation payments, making these payments federal income tax-free. Eligible community members are encouraged to submit claims by November 30, 2026, to benefit from the program's streamlined compensation process.

EEdison International | Newsroom

Banking & Finance15 Aug

Perspective: Morning Commentary for August 14

This morning commentary by Arlan Suderman discusses market movements on August 14, 2026. Key points include softer-than-expected retail sales leading to lower Treasury yields and hopes for a pause in Fed rate hikes, escalating tensions in the Russia-Ukraine war impacting grain and oilseed prices, and ongoing issues with commodity flow through the Strait of Hormuz due to attacks and Iranian political maneuvers.

Wwww.stonex.com

Banking & Finance15 Aug

Financial Stocks Edge Lower in Premarket as Friday Session Begins

Financial stocks edged lower in premarket trading on Friday, pulling back modestly after a stronger close on Thursday. The State Street Financial Select Sector SPDR ETF (XLF) slipped 0.1%, while leveraged financial sector products like Direxion Daily Financial Bull 3X Shares (FAS) also declined, and its bearish counterpart (FAZ) rose. This mixed performance reflects uncertain sentiment as investors weigh interest rate expectations, credit conditions, and broader economic signals.

BBigGo Finance

Banking & Finance15 Aug

Valvoline prices $600 million senior notes offering at 6.125%

Valvoline Inc. has priced an offering of $600 million in senior notes due 2034 with a 6.125% interest rate, an increase of $100 million from the initial announcement. The company plans to use the net proceeds to repay existing senior secured term loans and for general corporate purposes. This offering is expected to close on August 24, 2026, and Valvoline also intends to amend its revolving credit facility.

IInvesting.com

Banking & Finance15 Aug

MarketAxess Stock And Other Income Names Riding The Treasury Yield Revival

This article examines three stocks—MarketAxess Holdings (MKTX), WisdomTree (WT), and Northern Trust (NTRS)—that are exposed to the current environment of rising U.S. Treasury yields and increased government bond issuance. It discusses how each company stands to benefit or face challenges from these trends, highlighting their business models, financial health, and specific opportunities or risks. The article encourages investors to delve deeper into these companies to understand their potential in the evolving fixed income market.

SSahm

Banking & Finance15 Aug

Newmont Corporation Stock (NEM) Moved Up by 3.20% on Aug 14: What Signal Does It Send?

Newmont Corporation (NEM) stock rose 3.20% on August 14, driven by a strong precious metals market due to easing inflation fears and a significant settlement with Barrick Mining. The company's stock also benefited from robust quarterly financial performance, including record free cash flow despite lower output, and positive analyst sentiment. Technical indicators show a buy signal, though some overbought conditions are noted.

TTradingKey

Banking & Finance15 Aug

Why Unusual Machines Stock Just Popped

Unusual Machines (NYSEMKT: UMAC) stock surged by 26% after President Trump announced new tariffs on imported drones and drone parts. These tariffs aim to boost U.S. drone production and national security by reducing reliance on Chinese manufacturers. This move is expected to significantly benefit Unusual Machines, an American supplier of drone components, as companies seek non-Chinese alternatives.

CCurrently.com

Banking & Finance15 Aug

Nasdaq Surges 150 Points; US Inflation Rate Slows To 3.4% In July

U.S. stocks saw a positive trend on Wednesday, with the Nasdaq Composite climbing 150 points. This rise coincided with the announcement that the U.S. Consumer Price Index (CPI) slowed to 3.4% year-over-year in July, aligning with economist expectations. Several companies experienced significant stock movements, including OFA Group, Rocky Mountain Chocolate Factory, and Boxlight Corp seeing gains, while Planet Green Holdings, Silexion Therapeutics, and Greenland Energy Co faced declines.

SSahm

Banking & Finance15 Aug

Red Cat Stock Jumps on Trump Drone Tariff News. Analysts Think It Has 70% More Upside Potential.

Red Cat (RCAT) shares surged after former President Trump signed an order imposing tariffs of up to 100% on imported drones and components, significantly benefiting U.S. manufacturers. This move is expected to redirect demand towards domestic alternatives like Red Cat, which recently reported a six-fold increase in revenue and secured a $2.49 million U.S. Air Force contract. Despite a "SELL" opinion from Barchart, Wall Street analysts maintain a "Strong Buy" consensus with a price target suggesting over 70% upside potential.

BBarchart.com

Banking & Finance15 Aug

Abacus Global Management CEO Jay J. Jackson Disposes of 196,000 Shares in Open-Market Sale

Jay J. Jackson, CEO and Director of Abacus Global Management (NYSE:ABX), sold 196,000 shares of common stock on August 12, 2026, to cover estimated tax liabilities. The shares were sold at a weighted average price of $8.77, and Jackson still retains direct ownership of 10,397,430 shares after the transaction. This disclosure was made via a Form 4 filing with the U.S. Securities and Exchange Commission.

KKalkine Media

Banking & Finance15 Aug

Theravance Biopharma Deal Faces Investor Probe

Halper Sadeh LLC is investigating the proposed acquisition of Theravance Biopharma (NASDAQ: TBPH) by Zymeworks Inc. for $17 per share in cash plus a contingent value right. The investigation aims to determine if Theravance shareholders are receiving a fair price and if the company's board fulfilled its fiduciary duties. Theravance maintains that the deal offers significant value, representing a premium over its stock price before the acquisition announcement.

SSTL.News

Banking & Finance15 Aug

Nasdaq Firm Jiuzi Holdings Plans $1B Bitcoin Acquisition From 'Strategic Investor'

Nasdaq-listed Jiuzi Holdings Inc. announced plans to acquire 10,000 Bitcoin (BTC) in a $1 billion transaction from a strategic digital asset investor. This move aims to significantly expand the company’s digital asset reserves, strengthen its balance sheet, and position it more prominently in the global cryptocurrency market. The acquisition is part of a broader strategic partnership that includes collaboration on digital asset infrastructure and treasury optimization.

YYellow.com

Banking & Finance15 Aug

WisdomTree XRP ETF Application Submitted to SEC for Review

WisdomTree has filed a Form S-1 with the U.S. SEC for a spot XRP exchange-traded fund, aiming to expand its cryptocurrency ETF offerings. This move follows its success with a spot Bitcoin ETF and positions it alongside other applicants like Bitwise and 21Shares. Coinbase affiliates are designated as the custody provider and prime execution agent for the proposed ETF.

YYellow.com

Banking & Finance15 Aug

Exodus Makes NYSE American Debut as Crypto Enters Traditional Finance

Exodus Movement, Inc., a self-custodial cryptocurrency software company, is set to debut its Class A common stock on the NYSE American exchange under the symbol "EXOD" on December 18, 2024. This move from OTCQX trading signifies increased visibility, liquidity, and a higher corporate profile within traditional financial markets for Exodus. The listing underscores the growing acceptance of crypto enterprises on Wall Street, despite other crypto companies facing regulatory hurdles, and highlights the NYSE's evolving stance on digital assets.

YYellow.com

Banking & Finance15 Aug

Mining Royalty Firm Elemental Offers XAU₮ Dividend In Industry First

Elemental Royalty Corporation is making financial history by offering its shareholders the option to receive dividends in Tether Gold (XAU₮), a tokenized gold payout. This innovative move positions Elemental as one of the first mining royalty companies to integrate a gold-backed digital asset into its dividend structure. The decision aligns with the company's gold-focused business model and provides shareholders with direct gold exposure, potentially influencing other gold producers to adopt similar strategies.

YYellow.com

Banking & Finance15 Aug

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.70 Million Tokens, and Total Crypto and Total Cash Holdings of $9.8 Billion | Corporate

Bitmine Immersion Technologies (BMNR) has announced that its ETH holdings have reached 5.70 million tokens, contributing to total crypto and cash holdings of $9.8 billion. The company holds 4.7% of the total ETH coin supply and was recently added to the Russell 1000 Large-cap Index. Bitmine also launched MAVAN, an institutional-grade Ethereum staking platform, and projects annualized ETH staking rewards of $246 million.

EEQS News