1h ago
Sugar prices extend rally as UNICA reports Brazil Center-South June output down 26.3%
Sugar prices are rising as supply concerns grow, after UNICA data showed Brazil Center-South June sugar production fell 26.3% year on year. In India, monsoon rainfall forecasts have been cut and actual rainfall remains below normal, adding to worries about the crop. For 2026/27, global sugar consumption is expected to rise 0.4% to 179.991 million tons. A tighter supply-demand outlook is supporting prices.
1h ago
1h ago
ICE cocoa futures rebound as West Africa crop outlook points to a 1.8 MMT 2026/27 season
ICE cocoa futures in New York and London rebounded as assessments of the new West African crop pointed to weak pod development. The market is pricing 2026/27 output at 1.8 MMT, down 18% from the prior season. Separately, Ghana’s cocoa board said 750,000 MT has been harvested for 2025/26, up 25.6% year on year, while Ivory Coast shipments to ports totaled 2.11 MMT in the current marketing year, up 20%. Nigerian cocoa exports in June rose 30% year on year.
1h ago
1h ago
Intel seeks $15bn in new equity after spending $82bn on buybacks in the 2010s
Intel said before the market opened Monday that it plans a $15 billion underwritten public offering and has filed an S-3 registration statement with the U.S. Securities and Exchange Commission. Underwriters have a 30-day option to buy up to $2.25bn of additional shares. The move comes after Intel spent $82bn on share buybacks in the 2010s, reviving debate about financial pressure. The company has also committed €5bn to its Irish fab, but it still lacks meaningful volume orders from external customers, leaving the use of funds in focus.
1h ago
2h ago
Constellation Energy says most generation is contracted through 2050 and beyond as it sells Texas plant for $860 million
Constellation Energy said on its latest earnings call that most of its generation output is now contracted through 2050 and beyond. The company agreed to sell the Brazos Valley Energy Center in Texas to LS Power for $860 million, the final divestiture required to complete its $16.4 billion acquisition of Calpine. Over the past year, Constellation shares have fallen roughly 19% to about $269, leaving the stock at a forward P/E of 21.16x and a forward P/S of 2.64x.
2h ago
2h ago
Bitmine adds 7,391 ETH and lifts staking to 87% of its Ethereum holdings
Bitmine increased its Ethereum holdings by 7,391 ETH, taking its stake to 4.8% of circulating supply and putting it close to its 5% target. The company also expanded staking, with 87% of its holdings now staked for a total of about 5,067,309 ETH valued at $9.8 billion U.S. It said staking is generating a 2.63% annual yield, implying expected annual rewards of $194 million U.S. Bitmine has purchased ETH every week since adopting an Ethereum treasury strategy in 2025.
ETH
ETH-2.47%
2h ago
2h ago
Meta ordered to pay $567 million into child-safety abatement fund as AI capex plan of up to $145 billion weighs on shares
A New Mexico court ruled that Meta failed to protect children and ordered the company to pay $567 million into an abatement fund. The company had previously been required to pay $375 million in civil penalties tied to claims its algorithm steered teens toward harmful content. Separately, nearly three dozen U.S. states are collectively seeking more than $1.4 trillion in lawsuits, an amount close to Meta’s market capitalization. Investor pressure is also building as Meta plans AI capital spending of up to $145 billion this year, adding to the drag on the stock.
2h ago
2h ago
Redwire shares jump nearly 15% after Q2 2026 beat and full-year revenue guidance reiterated
Space company Redwire reported Q2 2026 revenue up 89.6% year over year to a record $117.1 million, topping market expectations. Defense tech revenue surged to $61.9 million from $5.1 million, while space segment revenue edged down to $55.2 million. Gross margin improved to 27.8% from -30.9%, and the per-share loss came in better than expected. The company reiterated its full-year revenue outlook, sending the stock up nearly 15% on the day, lifting its year-to-date gain to 76% and its market cap to $3.2 billion.
2h ago
2h ago
BitMart founder rejects exit-scam claims as withdrawals remain stuck after July 26 winddown
BitMart users and several crypto projects say withdrawal requests have been delayed, with some reporting partial payouts or refusals. Gen6 said about $80,000 in withdrawals were rejected and it filed a complaint with Hungarian police, while Paxi Network and Scandic Coin also reported unprocessed requests. On-chain data cited by Arkham Intelligence put BitMart’s total assets at about $59.3 million, but show just $300,000 in BTC, $235,000 in ETH and $436,000 in USDC, fueling concerns about solvency. Founder Sheldon Xia has denied the exchange is an exit scam.
BTC
BTC-1.89%
2h ago