Commercial Lending Will Be a Major Loan Growth Driver for KeyCorp in 2026
Morningstar analyst Maoyuan Chen forecasts that commercial lending will be a significant driver of loan growth for KeyCorp in 2026. KeyCorp is a midsize US regional bank operating across 16 states, with its eastern footprint attracting wealthier customers and western markets offering long-term growth potential. Chen also provides an updated fair value estimate for KeyCorp, adjusting it to $22.70 from $23.
Delta Airlines Transforms the Skies with Game-Changing Travel Expansion, Connecting Los Angeles to Hong Kong and Strengthening Domestic Routes from Austin and Chicago for Ultimate Passenger Convenience
Delta Airlines has announced a major expansion of its network, launching four new routes designed to enhance domestic and international travel convenience. The key new routes include a direct flight from Los Angeles to Hong Kong, and strengthened domestic connections like Los Angeles to Chicago and Austin to Kansas City. This strategic growth aims to meet increasing demand, offer more flexibility, and solidify Delta's position in the global travel market, benefiting both business and leisure travelers with improved efficiency and service.
SLB OneSubsea wins subsea boosting contract for BP deepwater project
SLB OneSubsea has secured an engineering, procurement, and construction contract from BP to provide a subsea boosting system for the Thunder Horse project in the deepwater Gulf of Mexico. This marks the third subsea boosting contract from BP for OneSubsea, with all three projects utilizing a standardized solution to expedite delivery times. The CEO of SLB OneSubsea highlighted the importance of subsea boosting for extending production from existing assets and the benefit of standardized solutions for faster deployment and enhanced recovery.
5 Stocks to Sell as Semiconductor Rally Stalls
The semiconductor rally is stalling, prompting investors to consider profit-taking. This article identifies five specific chip stocks—Microchip Technology Inc., ASE Technology Holding Co. Ltd., Trio-Tech International, Ichor Holdings Ltd., and IREN Ltd.—that show signs of fading bullish momentum due to high valuations, unsustainable dividends, or technical indicators. It suggests that while some companies have strong growth, their current stock prices may be overextended, making them ripe for selling.
Boston faith leaders escalate pressure on Citizens over CoreCivic, GEO Group financing
Boston faith groups have withdrawn $2 million from Citizens Bank and are escalating pressure over the bank's financing of private prison companies CoreCivic and GEO Group. A new report details Citizens Bank's involvement with these companies, while the bank maintains it follows legal standards. The protest included The Rev. James Yansen of the Hyde Park Seventh-day Adventist Church.
Appleton, New Found Gold working towards important relationship
New Found Gold is developing the Queensway Gold Project, near Appleton's watershed, with production anticipated in 2027. Local residents expressed concerns about potential impacts on drinking water, leading to a public engagement period for the environmental assessment. Both the company and the town are working to build a positive relationship and reassure residents through information sessions and data sharing.
S&P Global Ratings affirmed the BBB/A-2 credit rating and maintained the negative outlook for Oma Savings Bank Plc
S&P Global Ratings has affirmed Oma Savings Bank Plc's short-term and long-term issuer credit ratings at BBB/A-2 and assigned BBB+/A-2 short-term and long-term resolution counterparty ratings. S&P expects gradual improvement in asset quality over the next 24 months, with a solid financial position, but maintained a negative outlook due to risks from deteriorating asset quality and credit provisioning. The ratings reflect OmaSp's solid financial position and anticipated improvements in asset quality.
Cummins Inc. celebrates new Athens location with ribbon-cutting ceremony
Cummins Inc. has opened a new location in Athens, Alabama, marked by a ribbon-cutting ceremony hosted by the Athens-Limestone County Chamber of Commerce. The event celebrated the investment, which is expected to bring significant economic opportunities to the local community. The new site is located at 9726 US-31.
Caterpillar Stock Sinks As Oil Prices Rise Amid Trump Threats
Caterpillar shares fell due to a sharp increase in oil prices, triggered by new U.S. strikes in the Strait of Hormuz and concerns over inflation, which could lead to sustained high interest rates. The downturn was exacerbated by President Trump's strong statements regarding Iran, further fueling market volatility. Additionally, a rise in the annual inflation rate to 4.2% added pressure, increasing the risk of elevated interest rates and potentially dampening industrial demand.
Critical New Power Line Boosts New Mexico's Grid Reliability, Economic Growth and Access to Affordable Energy
NextEra Energy Transmission, a subsidiary of NextEra Energy, and New Mexico Renewable Energy Transmission Authority have energized a new 137-mile, 345-kilovolt transmission line in New Mexico. This project, completed ahead of schedule, is expected to reduce residential electric bills by approximately $13 per month while strengthening grid reliability and supporting economic growth. It also includes habitat preservation efforts for the lesser prairie chicken.