News

Noteworthy Monday Option Activity: GPN, CRM, PYPL

GPN, CRM, PYPL

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Global Payments Inc (Symbol: GPN), where a total of 16,550 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 4

Alta Equipment Group's Series A Preferred Stock About To Put More Money In Your Pocket

ALTG.PRA, ALTG

On 7/15/26, Alta Equipment Group Inc's Depositary Shares Series A Cumulative Preferred Stock (Symbol: ALTG.PRA) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 7/31/26. As a percentage of ALTG.PRA's recent share price of $25.48, this dividend works out

Cash Dividend On The Way From Apollo Global Management's Series A Preferred Stock

APO.PRA, APO

On 7/15/26, Apollo Global Management Inc (new's 6.75% Series A Mandatory Convertible Preferred Stock (Symbol: APO.PRA) will trade ex-dividend, for its quarterly dividend of $0.8438, payable on 7/31/26. As a percentage of APO.PRA's recent share price of $61.08, this dividend wor

Cocoa Prices Pressured by Easing Supply Concerns

September ICE NY cocoa (CCU26 ) today is down -240 (-3.96%), and September ICE London cocoa #7 (CAU26 ) is down -153 (-3.40%). Cocoa prices are sharply lower today for a second session on negative carryover from last Friday when Ivory Coast delivery data eased supply concerns. Last Friday, cumulative...

Dry Brazil Weather Forecasts Weigh on Coffee Prices

September arabica coffee (KCU26 ) today is down -5.80 (-1.74%), and September ICE robusta coffee (RMU26 ) is down -14 (-0.26%). Coffee prices are under pressure today amid forecasts for dry weather this week in Brazil’s coffee-growing regions, which should allow the pace of the country’s coffee harvest to accelerate....

Trump administration urges banks to scrutinize lending to immigrants without work authorization

Federal bank regulators issued guidance Monday seeking to curb mortgages, auto loans and other consumer credit to immigrants without U.S. work authorization.

DRC Shuts Glencore Copper Offices Amid Tax Dispute

Congolese tax authorities sealed the local offices of Glencore's (LSE:GLEN,OTCPL:GLCNF) Kamoto Copper subsidiary last Thursday (July 9) over a multibillion-dollar payment dispute, Bloomberg reported.The government tax agency, known as the DGI, shut the Kolwezi offices after settlement talks between the state and the Swiss commodity trader collapsed. A Glencore spokesperson stated the company disputes the DGI’s claims and continues to engage with authorities. The raid did not disrupt physical mining or processing operations at the Kamoto complex.The escalation triggered direct intervention from the highest level of the DRC’s government. During a cabinet meeting on Friday (July 10), President Felix Tshisekedi instructed the finance and mining ministries, along with revenue agencies, to stop executing unpredictable bank account seizures and asset freezes.“Our ambition remains to build a competitive, transparent mining sector that creates sustainable value. That requires a stable legal environment, predictable administrative decisions and permanent dialogue between the state and economic operators,” Tshisekedi reportedly told the cabinet.Authorities were also ordered to prioritize legal dialogue and conciliation mechanisms over office raids. In a separate directive, the president commanded the immediate removal of soldiers and police officers stationed illegally at mining sites.Glencore holds a 70 percent stake in Kamoto, while the Congolese government and a state-owned enterprise control the remaining 30 percent. The site ranks as one of the largest production hubs in the DRC, the world’s second-largest copper producer and top cobalt supplier. Kamoto outputted roughly 190,000 tons of copper last year and targets an annual capacity of 300,000 tons. In February, Orion CMC announced a preliminary deal to acquire 40 percent of Glencore’s interest in the site, a transaction that remains pending.With the tax authorities' intervention, DRC continues its interventionist campaign to control critical mineral flows and capture higher revenues. Late last month, the Authority for the Regulation and Control of Strategic Mineral Substances' Markets (ARECOMS) ordered cobalt producers to forfeit all export quotas left unused by a June 30 deadline.The government immediately transferred the seized volumes into a strategic national reserve to feed domestic processing hubs. The mandate enforces a strict quota system Kinshasa implemented last October following a devastating price collapse. Glencore, which controls roughly 3,925 metric tons of that allocation, reportedly secured a temporary extension earlier this year due to logistical bottlenecks. Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Crude Oil Prices Surge as US Reinstates Blockade of Iran

August WTI crude oil (CLQ26 ) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26 ) is up +0.1036 (+3.47%). Crude oil and gasoline prices are up sharply today amid an escalation of US-Iran hostilities over control of the Strait of Hormuz. Gains in crude oil accelerated today after...

A July rate hike from the Fed? The odds are rising

Chances of a rate hike in July by the Federal Reserve rose as oil prices jumped on the latest developments in the Strait of Hormuz.

Wells Fargo bounces off 52-week lows. What it must do to get out of the penalty box

WFC, WFCN, WFCCL, WFCNP, WFCUS

Wells Fargo's path back into our good graces is simple: It needs a clean beat across key metrics in Tuesday morning's earnings.