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2026-07-22 06:49 10d ago
2026-07-22 01:48 10d ago
CMA CGM will impose emergency surcharge due to renewed Hormuz tensions
CMA Comerica
FMP Stock News
Original source text
A container ship, CMA CGM Eiffel, is seen at the port in Dakar, Senegal, February 11, 2025. REUTERS/Zohra Bensemra Purchase Licensing Rights, opens new tab

PARIS, July 22 (Reuters) - CMA CGM will impose an emergency fuel surcharge ​following the renewed escalation ‌of hostilities in the Strait of Hormuz effective August 1, the ​French shipping firm said ​in a notice posted on its ⁠website.

"Following the renewed escalation ​of hostilities in the Strait ​of Hormuz over the past days, fuel prices have surged sharply again, ​reversing the easing observed in ​recent weeks. As a result, bunker ‌costs ⁠have significantly increased across all regions and trades, impacting the overall cost of ocean transportation," ​the firm ​said.

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The ⁠surcharge, which will range from $65 to $165 per container, ​will be in place ​until ⁠further notice. The notice was dated on Tuesday but was ⁠sent ​in an email ​to reporters on Wednesday.

Reporting by Gus Trompiz; ​Editing by Makini Brice and

Our Standards: The Thomson Reuters Trust Principles., opens new tab
2026-07-17 23:30 14d ago
2026-07-17 18:46 14d ago
Fifth Third Sees Comerica Merger Wins Ahead of Labor Day Conversion
CMA Comerica
FMP Stock News
Original source text
By PYMNTS  |  July 17, 2026

 | 

Fifth Third Bancorp is seeing early results of its merger with Comerica, is making progress on the integration and is set to launch its systems conversion over Labor Day weekend, Fifth Third Chairman, CEO and President Tim Spence said Friday (July 17) during a second-quarter earnings call.

“When we announced our merger with Comerica nine months ago, we made three commitments: to produce no tangible book value per share dilution, to become an even more profitable company, and to create an even better platform for long-term growth,” Spence said. “While we are still in the middle of integration and not every metric is yet where it will be, our trajectory and long-term potential are visible in this quarter’s results.”

Spence highlighted second-quarter results that include the tangible book value per share increasing 10% year over year, 1% sequentially and 7% since the announcement of the transaction. He also noted that the bank’s adjusted return on tangible common equity improved to 19%, its adjusted return on assets improved to 1.3%, and its adjusted efficiency ratio improved to 57%. In addition, consumer and small business deposits increased 4% sequentially.

“On the integration front, we executed our second mock conversion in June with good outcomes,” Spence said. “We remain on track to execute systems conversion on Labor Day weekend, the last step to unlock the $850 million of annualized run-rate synergies we committed to deliver in the fourth quarter.”

Fifth Third announced its $10.9 million merger with Comerica in October, and it announced in February that the merger closed, establishing the ninth-largest U.S. bank by assets.

In addition to the integration, Fifth Third’s product and technology teams delivered several innovations during the second quarter. Spence highlighted Newline’s extension of its Model Context Protocol server capabilities to standardize how AI models can use its tools and workflows; the consumer team’s shipment of a new AI-powered interface within the bank’s mobile app; the launch of the small business banking experience Fifth Third for Business; and, internally, the continued use of AI tools to boost quality and productivity.

“While it’s early days and we have much yet to learn about how best to harness the power of these tools, I’m looking forward to what we will be able to do after our technical conversion is complete,” Spence said.

Fifth Third’s consumer and business digital platforms now have 3.27 million average active digital users, up from 3.17 million a year ago, and 2.57 million average active mobile users, up from 2.43 million a year ago, according to an earnings presentation released Friday.

During the second quarter, Fifth Third shipped the first Direct Express cards on its new platform.

The Department of the Treasury announced in September that it picked Fifth Third Bank to serve as the financial agent for Direct Express, which is a program that helps roughly 3.4 million Americans get monthly federal benefits via a prepaid debit card.

Spence said during the call that Fifth Third shipped the first cards “with 66,000 new beneficiaries and all participating federal agencies now live.”
2026-07-17 11:30 14d ago
2026-07-17 07:11 15d ago
Fifth Third Profit Boosted by Comerica Acquisition
CMA Comerica
FMP Stock News
Original source text
The Fifth Third Bank parent posted a profit of $763 million, or 83 cents a share, in the second quarter.
2026-07-10 18:45 21d ago
2026-07-10 14:02 21d ago
Fifth Third Q2 Preview: Merger Benefits Already Priced In
CMA Comerica
FMP Stock News
Original source text
Fifth Third Bancorp has rallied 30% over the past year, driven by a favorable macro environment and the transformative Comerica acquisition. FITB targets aggressive cost synergies from the Comerica deal but faces integration risks, elevated merger costs, and potential deposit attrition. The CET1 capital ratio has weakened post-acquisition, with gradual improvement expected as integration costs subside and synergies materialize.
2026-07-01 14:19 30d ago
2026-07-01 09:19 1mo ago
CMA CGM to buy FedEx third-party logistics arm in $1.4 billion deal
CMA Comerica
FMP Stock News
Original source text
The logo of CMA-CGM shipping company is pictured on a container in Montoir-de-Bretagne near Saint-Nazaire, France, March 4, 2022. REUTERS/Stephane Mahe Purchase Licensing Rights, opens new tab

CompaniesPARIS, July 1 (Reuters) - French shipping group CMA CGM has agreed to acquire FedEx's (FDX.N), opens new tab third-party logistics business ​for an enterprise value of $1.4 billion, it ‌said on Wednesday, as it seeks to expand its presence in the logistics sector and in the United ​States.

The deal is expected to close later ​this year and will mean CMA CGM, through ⁠its CEVA Logistics subsidiary, will have around ​150 warehouses and 20,000 employees in contract logistics ​in North America.

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Following the acquisition, the companies also plan to develop partnerships under which CMA CGM will be the preferred ​ocean carrier for FedEx and they will ​collaborate on air cargo, CMA CGM said in a statement.

CMA ‌CGM ⁠last year announced plans to invest $20 billion in the United States over four years, winning plaudits from President Donald Trump who has made reviving the U.S. ​shipping sector ​a policy ⁠priority.

CMA CGM has also pursued diversification into logistics, port terminals and non-transport ​activities to offset volatility in ocean shipping.

FedEx, ​in ⁠a bid to focus on its delivery business, spun off its trucking unit, FedEx Freight FDXF.N, opens new tab, earlier this month.

CMA ⁠CGM's ​acquisition of the third-party logistics ​business, known as FedEx Supply Chain, was reported earlier by ​the Financial Times.

Reporting by Gus Trompiz; Editing by Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Trust Principles., opens new tab
2026-07-01 14:19 30d ago
2026-07-01 10:00 1mo ago
French Shipping Company CMA CGM to Buy FedEx Supply Chain for $1.4 Billion
CMA Comerica
FMP Stock News
Original source text
CMA CGM will offer ocean transport and carrier services under a nonexclusive agreement with FedEx and the companies will also work together on select air-cargo capacity solutions.
2026-06-24 12:54 1mo ago
2026-06-18 11:00 1mo ago
Canadian Marketing Association Reveals Reimagined Brand Identity, in Anticipation of the Organization's 60th Anniversary
CMA Comerica
FMP Stock News
Original source text
-

Drawing inspiration from 1967 modernism, the new identity honours the CMA’s heritage while reflecting the organization’s continued evolution

TORONTO--(BUSINESS WIRE)--The Canadian Marketing Association (CMA) unveiled its refreshed brand identity, drawing creative inspiration from 1967 modernism, the year the association was founded. The rebrand comes in anticipation of the CMA’s 60th anniversary, a milestone that marks the organization’s journey and highlights its role as the collective voice representing marketers across Canada.

More than a visual refresh, the new identity reflects where the CMA is already heading. The organization has long evolved alongside the industry it serves, and the refreshed visual identity reflects its clear sense of purpose and forward-looking direction.

“Marketing is a profession that rewards thinking outside the box, yet the CMA logo spent years inside one,” said Barry Alexander, chief marketing and diversity officer at the CMA. “This is a brand that reflects a transformed CMA and better represents the role we play in bringing Canada's marketing community together as we look toward the future.”

A visual identity inspired by Canada’s past and built for its future

Beyond marking the CMA’s founding year, 1967 reflects a pivotal year in Canadian history, representing a period of transformation and optimism in Canada and the new identity draws on the spirit of that progress, encouraging the CMA to challenge conventions and its own point of view in a way that shapes the broader marketing conversation.

Leaning heavily into the brand’s existing red and white palette, the refreshed brand balances the association’s heritage with its future ambitions. The new logo is constructed using three chevrons, each representing a core strategic pillar: community, influence and standards. Together, the chevrons form a stylized maple leaf, with “M” at the core, positioning the CMA as a point of convergence for Canada’s marketing community.

Bringing the new brand to life

In partnership with LG2, the rebrand encompasses logo development, a visual identity platform design, a new visual approach for the CMA Awards, the development of new awards trophies, and a brand identity rollout across corporate assets, social media, event collateral, email design and digital design.

The following is a shortlist of those who helped execute and roll out the rebrand:

LG2 team:

Bianca Freedman, partner, president, LG2 Toronto Ryan Crouchman, partner, vice-president, ECD design Antoine Levasseur-Rivard, partner, business director, branding and design Keith Barry, partner, senior vice-president, strategy and development Tara Greguric, senior director, production Mike Strasser, senior strategy director Murilo Maciel, principal designer Daniel Martinez-Mendoza, motion designer Simon Fernandes, account director, branding and design Genevieve Ti, account coordinator Mary Toledo, producer Tracy Haapamaki, producer Lisa Ye, production designer Briar Kioski, production designer CMA team:

Alison Simpson, former president and chief executive officer Esther Benzie, president and chief executive officer Barry Alexander, chief marketing and diversity officer Noorani Ladhani, senior marketing manager, masterbrand projects To learn more about the CMA’s new brand identity and explore the refreshed visual platform, visit: thecma.ca.

About the Canadian Marketing Association

The CMA is the voice of marketing in Canada, and our purpose is to champion marketing’s powerful impact. We are the catalyst to help Canada’s marketers thrive today, while building the marketing mindset and environment of tomorrow.

We provide opportunities for our members from coast to coast to develop professionally, to contribute to marketing thought leadership, to build strong networks, and to strengthen the regulatory climate for business success. Our Chartered Marketer (CM) designation signifies that recipients are highly qualified and up to date with best practices, as reflected in the Canadian Marketing Code of Ethics and Standards.

We represent virtually all of Canada’s major business sectors, and all marketing disciplines, channels and technologies. We advocate with government stakeholders, and provide Canadian consumers with information to help them better understand their rights and obligations. For more information, visit thecma.ca.

More News From Canadian Marketing Association

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2026-06-12 22:39 1mo ago
2026-04-05 10:40 3mo ago
Fifth Third Bancorp: Digesting The Comerica Acquisition
CMA Comerica
FMP Stock News
Original source text
Fifth Third Bancorp demonstrates strong earnings and robust preferred dividend coverage, with net income of $2.52 billion versus $146 million in preferred payouts. The Comerica acquisition adds scale, boosts consolidated earnings, and modestly enhances preferred dividend coverage, though 2026 is seen as a transition year. FITBO preferred shares yield 6.49% at current prices, offering a 250 bps spread over 5-year Treasuries, with low call risk due to their attractive cost of capital.
2026-06-12 22:39 1mo ago
2026-04-27 18:40 3mo ago
First Stoping Operations at Perseus Mining's CMA Underground
CMA Comerica
FMP Stock News
Original source text
April 27, 2026 18:40 ET  | Source: Perseus Mining Limited

Perth, April 28, 2026 (GLOBE NEWSWIRE) -- First Stoping Operations at CMA Underground in Côte d’Ivoire

Overview

Perth, Western Australia/April 28, 2026/Perseus Mining Limited (ASX/TSX: PRU) is pleased to announce it has successfully completed the first underground production blast at its CMA Underground project. The blast was fired from Blika 1120 Ore Drive South at the Yaouré Gold Mine in Côte d’Ivoire, with excavation of the first production ore commenced immediately. This event is a key milestone for the project and signals the continuation of the project’s ramp up toward steady-state production, scheduled for Q3 FY27.

The CMA Underground mine is both the first mechanised underground mine in Côte d’Ivoire and the first for Perseus. With investment in the CMA Underground project, Perseus continues to be a key partner in assisting to build skills in the Ivorian mining sector. The start of underground ore production represents a significant milestone of the development of broader mining capability in the country.

Perseus’s Managing Director and CEO Craig Jones said:

“The first production blast is a defining moment for Perseus and Côte d’Ivoire, representing the culmination of many months of intensive underground development, drilling and infrastructure installation. This is a testament to the hard work and dedication of our site team and contractors, and we look forward to scaling up operations over the coming months with the higher-grade underground ore providing mill feed.”.

COMPETENT PERSON STATEMENT:

All production targets referred to in this release are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code.

The information in this report that relates to the Mineral Resources and Ore Reserve for the Edikan and Sissingué Gold Mines was updated by the Company in a market announcement “Perseus Mining updates Mineral Resources and Ore Reserves” released on 21 August 2025. The information in this report that relates to the Mineral Resources and Ore Reserve for the Nyanzaga Gold Project was updated in a market announcement “Perseus Mining Increases Nyanzaga Gold Project Ore Reserves to 4.0 Moz” released on 20 February 2026.The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed.

The Company confirms that the material assumptions underpinning the estimates of Ore Reserves described in “Technical Report — Edikan Gold Mine, Ghana” dated 6 April 2022, “Technical Report — Yaouré Gold Project, Côte d’Ivoire” dated 18 December 2023, “Technical Report — Sissingué Gold Project, Côte d’Ivoire” dated 29 May 2015, and “Technical Report — Nyanzaga Gold Project, Tanzania” dated 10 June 2025 continue to apply.

Caution Regarding Forward Looking Information:

This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaouré Gold Mine, the Edikan Gold Mine and the Sissingué Gold Mine without any major disruption, development of a mine at Nyanzaga, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

ASX/TSX CODE: PRUCAPITAL STRUCTURE:

Ordinary shares: 1,346,377,056

Performance rights: 8,625,981

REGISTERED OFFICE:

Level 2

437 Roberts Road

Subiaco WA 6008

Telephone: +61 8 6144 1700

www.perseusmining.com

DIRECTORS:Rick Menell

Non-Executive Chairman

Craig Jones

Managing Director & CEO

Amber Banfield

Non-Executive Director

Elissa Cornelius

Non-Executive Director

Dan Lougher

Non-Executive Director

John McGloin

Non-Executive Director

James Rutherford

Non-Executive Director

CONTACTS:Craig Jones

Managing Director & CEO

[email protected] Forman

Investor Relations

+61 484 036 681

[email protected] Ryan

Media Relations

+61 420 582 887

[email protected]
2026-06-12 22:39 1mo ago
2026-06-04 10:06 1mo ago
Broker says CMA ruling on Google shifts power balance towards UK publishers
CMA Comerica
FMP Stock News
Original source text
The Competition and Markets Authority's decision to impose a conduct requirement on Google over its use of publisher content in artificial intelligence search marks a meaningful shift in the balance of power between the technology giant and content owners, according to Panmure Liberum.

The broker said it takes a positive view of the ruling, which was announced on 3 June following a consultation process that began in January 2026, after the CMA designated Google as having strategic market status in October 2025.

The conduct requirement has three core elements: giving publishers effective controls to withhold their content from Google's generative AI systems, including for training and grounding purposes.

This requires Google to publish clear metrics on how publisher content is being used in AI search features, and mandates accurate attribution of content so consumers can verify AI-generated responses and publishers can protect their brand value.

Panmure said the ruling provides publishers with a practical basis to negotiate more fairly with Google for the commercial value of their content, noting that Google has already made it technically possible for publishers to switch off access via Search Console.

The broker said news publishers such as Reach PLC (LSE:RCH), which it rates as a 'buy' with a 139p target price, are likely to be among the most immediate commercial beneficiaries given the need for AI search to draw on up-to-date news content, while interest-specific publishers such as Future, also rated buy with a 500p target, should also benefit meaningfully.

Panmure acknowledged criticisms of the ruling, including concerns over the opt-out rather than opt-in basis, a nine-month implementation window for Google, and questions over enforcement, but said these do not override the fundamentally favourable nature of the arrangement, which is designed to be dynamic and capable of evolving alongside the AI market.

The broker also flagged the ongoing lawsuit brought by five major publishers, including Elsevier, part of RELX, against Meta over alleged copyright infringement in training its AI models, describing it as a potentially landmark case for the wider legal protection of intellectual property in the AI era.