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Major Averages Close Lower as 10-Year Treasury Yield Hits 5.13%
The major averages closed broadly lower as U.S. bond yields jumped to their highest levels in nearly two decades. The 10-year Treasury yield jumped 0.17 percentage point to 5.13%, its highest level since July 2007, as oil prices jumped back above $100 and a monthly S&P survey showed rising private-sector business activity and price pressures. Later in the morning, yields continued their move higher when Fed governor Michael Barr said he expects the central bank will need to raise interest rates further to tamp down inflation.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Royal Caribbeanagreed to acquire a 50% stake in Sandals for $3BMcDonald'slaunched its new NEXT strategy, introducing new financial targets including aiming for a 1.5 percentage point market share gain in chicken and drinksCracker Barrelreported better-than-expected Q4 earnings and revenue and provided FY27 revenue guidanceGeneral Millsreported upbeat Q1 results and reaffirmed its FY27 guidancePolitico reported that the Trump administration is preparing a 90-day diesel exports ban, though a White House official told Reuters that the report was "fake news"2. WALL STREET CALLS:Microsoftupgraded to Buy at Stifel on revenue growth, efficienciesUBS downgraded PG&Eon risk of inaction on wildfire reformGraphic Packagingupgraded to Overweight at JPMorganCompass Therapeuticsdowngraded at Wedbush and LifeSci Capital as FDA throws wrench in tovecimig plansUBS initiated coverage on five data center stocks with Buy ratings3. AROUND THE WEB:Paramount Skydanceis considering asking Teslafounder Elon Musk for an equity investment as it absorbs Warner Bros. Discovery, Semafor reportsJana Partners is urging Six Flagsto explore a sale, WSJ reportsBayerhas agreed to sell the rights to its cancer drug Stivarga to Gruenenthal Group for up to EUR 375M, or $431M, WSJ reportsMetais testing a "human concierge" for Muse, its new personal AI assistant, which involves having human contractors handle some calls placed via the agent, Reuters saysSpaceXAI'sGrok Bot AI agent has reached over 400,000 weekly users within a month of launching, Bloomberg says4. MOVERS:TriSalus Life Sciencesgains after receiving FDA clearance for TriNav AdvanceNNincreases after raising its outlook for FY26IonQhigher after the company said it successfully tested the first real-time quantum error decoderVoyager Technologiesfalls after offering to sell $350M in senior notesInnovAgedeclines after announcing a 10M share offering5. EARNINGS/GUIDANCE:Espeyreported Q4 results, with EPS and revenue lower year-over-yearPaychexreported Q1 results and provided guidance for FY27Alkamireaffirmed its outlook for FY26Guardforce AIreported results for 1H of FY26Cintasreported Q1 results and raised its outlook for FY27INDEXES:The Dow fell 352.10, or 0.68%, to 51,511.59, the Nasdaq lost 308.24, or 1.13%, to 26,936.04, and the S&P 500 declined 58.61, or 0.75%, to 7,706.03.
Major Averages Broadly Lower as Oil Rises Over 1%
The major averages were broadly lower near noon as Treasury yields rose amid concerns among traders that the Federal Reserve may have more interest rate hikes on the way. Utilities, consumer discretionary, and communication services stocks lead the broader market declines. Meanwhile, oil was up more than 1% amid uncertainty over the U.S.-Iran conflict, with investors balancing supply risks against renewed diplomatic contacts after President Trump said the two sides had held talks at the UN General Assembly.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Royal Caribbeanagreed to acquire a 50% stake in Sandals for $3BMcDonald'slaunched its new NEXT strategy, introducing new financial targets including aiming for a 1.5 percentage point market share gain in chicken and drinksCracker Barrelreported better-than-expected Q4 earnings and revenue and provided FY27 revenue guidanceGeneral Millsreported upbeat Q1 results and reaffirmed its FY27 guidanceJana Partners is urging Six Flagsto explore a sale, WSJ reports2. WALL STREET CALLS:Microsoftupgraded to Buy at Stifel on revenue growth, efficienciesUBS downgraded PG&Eon risk of inaction on wildfire reformGraphic Packagingupgraded to Overweight at JPMorganCompass Therapeuticsdowngraded at Wedbush and LifeSci Capital as FDA throws wrench in tovecimig plansUBS initiated coverage on five data center stocks with Buy ratings3. AROUND THE WEB:Bayerhas agreed to sell the rights to its cancer drug Stivarga to Gruenenthal Group for up to EUR 375M, or $431M, WSJ reportsMetais testing a "human concierge" for Muse, its new personal AI assistant, which involves having human contractors handle some calls placed via the agent, Reuters saysNovois open to upgrading its New York listing to boost its profile in the U.S., following a similar move by AstraZenecaearlier in the year, FT reportsSpaceXAI'sGrok Bot AI agent has reached over 400,000 weekly users within a month of launching, Bloomberg saysBroadcomfaces rising China risk as authorities survey its switch deployments across state-backed data centers and may push for reduced reliance on its hardware under the "domestic chips for domestic use" campaign, FT says4. MOVERS:TriSalus Life Sciencesgains after receiving FDA clearance for TriNav AdvanceNNincreases after raising its outlook for FY26IonQhigher after the company said it successfully tested the first real-time quantum error decoderVoyager Technologiesfalls after offering to sell $350M in senior notesInnovAgedeclines after announcing a 10M share offering5. EARNINGS/GUIDANCE:Espeyreported Q4 results, with EPS and revenue lower year-over-yearPaychexreported Q1 results and provided guidance for FY27Alkamireaffirmed its outlook for FY26Guardforce AIreported results for 1H of FY26Cintasreported Q1 results and raised its outlook for FY27INDEXES:Near midday, the Dow was down 316.12, or 0.61%, to 51,547.57, the Nasdaq was down 270.34, or 0.99%, to 26,973.94, and the S&P 500 was down 48.28, or 0.62%, to 7,716.36.
DVGO Reports 1H Revenue of $18.27M
Reports 1H revenue $18.27M vs $17.168M last year. "During the first half of 2026, we maintained disciplined execution of our overall strategy. We strengthened our foundational businesses by improving the utilization of our existing operating resources in Thailand, expanding our presence beyond the major urban centers, and enhancing the efficiency and reach of our service network. In parallel, we advanced Smart Solutions expansion as additional commercial opportunity leveraging established long-term client relations in Thailand, and deepening DVGO's engagement with travel industry service providers. These efforts are strengthening the service expertise, operating capabilities and industry relationships required to support DVGO's AI for Service strategy," said Lei Wang, Chairwoman and Chief Executive Officer.
Guardforce AI Reports FY25 Revenue of $35M
Reports FY25 revenue $35M vs $32.6M last year. "2025 was a pivotal year for Guardforce AI," said Chairwoman and Chief Executive Officer Lei Wang. "We accelerated the commercialization and revenue growth of our AI and Smart Solutions while maintaining a stable operating and revenue foundation for our Legacy Secured Logistics business. We also advanced AI application strategy through the launch of DVGO, extended traditional cash management services into broader in-store assets and merchandise security by implementing Smart Solutions, and continued to strengthen our retail customer base while sustaining our long-standing client relationships. These achievements reinforce the stability of our core business and create a stronger foundation for future solution-driven growth."
Guardforce AI Completes Acquisition of MGAI
Guardforce AI has completed the acquisition of 100% of the issued share capital of MGAI, a Hong Kong-incorporated holding company. MGAI holds approximately 61.85% of the equity interest in Muyan Education, MGAI's principal operating entity. Through this acquisition, Guardforce AI secured indirect majority control of Muyan Education. MGAI deal in AI-driven solutions for speech therapy and rehabilitation, offering an ecosystem that integrates proprietary AI-supported software, cloud-based SaaS tools, professional training systems, and integrated hardware solutions. To date, its mainland China subsidiary, Muyan Education, has served over 110,000 patients and maintains a registry of more than 20,000 rehabilitation specialists. To capture growth in this sector, MGAI is targeting a revenue trajectory under an agreed performance framework as follows: 2026: $0.5M; 2027: $1M; 2028: $1.5M. The transaction consideration consists of cash and restricted ordinary shares of Guardforce AI, with a total purchase price of $300K in cash and 5 million restricted ordinary shares. The shares are subject to performance-based vesting tied to revenue milestones through 2028.
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