Futures for February delivery settled up 29% Monday on the New York Mercantile Exchange at $6.800 per million British thermal units after hitting an intraday high of $7.439. The contract, which expires Wednesday, last traded above $6 in 2014. March futures rose 8% to $3.898 per million Btu.
Rapid Buildup of Chinese Military Fuels Corruption Scandals
HONG KONG-Decades of spending increases have helped China build one of the world's most substantial militaries, stirring fears that it could seize Taiwan or provoke a clash over territorial disputes with neighbors such as Japan or the Philippines.
But the chief victim of the buildup of China's military so far has been its own elite, as Chinese leader Xi Jinping has purged a swath of top generals accused of corruption and disloyalty.
Risk of a Partial Government Shutdown This Weekend Is Rising. Here's Why.
Congress is running out of time to pass a sprawling appropriations package before current funding for much of the federal government expires at 12:01 a.m. ET on Saturday. Senate Democrats said they won't support the bill without changes to the provisions regarding the Department of Homeland Security, raising the risk of a partial government shutdown this weekend.
Iran's Protest Crackdown Looks Deadlier by the Day
Iran shut off the internet and blocked communications, trying to keep the world in the dark about the deadly wave of violence it used to crush antigovernment protests. Now as rights groups investigate, they say they are uncovering evidence that the death toll is far higher than they originally thought, with some projecting it will top 10,000.
Initial estimates of the toll from the crackdown had put the number of deaths at a few thousand, a tally that made it the regime's deadliest assault on dissenters in decades. As human rights activists have reviewed witness accounts, field investigations, hospital records, videos and photos, they say the reality appears to be far worse.
Write to gareth.mcpherson@wsj.com
TODAY IN CANADA
Earnings:
AGF Management 4Q
Metro Inc. 1Q
Economic Indicators (ET):
Nothing major scheduled
Stocks to Watch:
La Caisse: To Sell Part of Its Stake in Cogeco Communications; To Sell Block of Shares of Cogeco Commun, or Nearly 11% of the Company's Issued and Outstanding Subordinate Shares, at a Gross Price of $67.45 per Share; Transaction Linked to La Caisse's Periodic Portfolio Rebalancing; Will Generate Gross Proceeds of Around $229M; La Caisse Will Remain the Largest Holder of Subordinate Shares in Cogeco Commun
Expected Major Events for Tuesday
00:01/UK: Jan Shop Price Monitor
07:45/FRA: Jan Consumer confidence survey
13:55/US: 01/24 Johnson Redbook Retail Sales Index
14:00/US: Nov U.S. Monthly House Price Index
14:00/US: Nov S&P Cotality Case-Shiller Indices
15:00/US: Dec New Residential Sales - To Be Rescheduled
15:00/US: Dec State Employment and Unemployment
15:00/US: Jan Richmond Fed Business Activity Survey
15:00/US: Jan Consumer Confidence Index
18:00/US: Dec Money Stock Measures
21:30/US: API Weekly Statistical Bulletin
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Expected Earnings for Tuesday
AGF Management Ltd - Class B (AGF.B.T) is expected to report $0.47 for 4Q.
American Airlines Group Inc (AAL) is expected to report $0.39 for 4Q.
Applied Industrial Technologies Inc (AIT) is expected to report $2.49 for 2Q.
Auburn National Bancorporation Inc (AUBN) is expected to report for 4Q.
Boeing Co (BA) is expected to report $-0.06 for 4Q.
California BanCorp (BCAL) is expected to report $0.43 for 4Q.
Camden National Corp (CAC) is expected to report $1.32 for 4Q.
Capital City Bank Group Inc (CCBG) is expected to report $0.89 for 4Q.
Central Bancompany Inc (CBCY) is expected to report $0.45 for 4Q.
Coastal Financial Corp (CCB) is expected to report $1.02 for 4Q.
Community Financial System Inc (CBU) is expected to report $1.13 for 4Q.
Commvault Systems Inc (CVLT) is expected to report $0.46 for 3Q.
Eagle Bancorp Montana Inc (EBMT) is expected to report $0.48 for 4Q.
Farmers & Merchants Bancorp Inc (FMAO) is expected to report $0.66 for 4Q.
General Motors Co (GM,GMM.U-T) is expected to report $1.87 for 4Q.
HCA Healthcare Inc (HCA) is expected to report $7.43 for 4Q.
Heartland Express Inc (HTLD) is expected to report $-0.11 for 4Q.
Hope Bancorp Inc (HOPE) is expected to report $0.25 for 4Q.
INVESCO Ltd (IVZ,IVZ-LN) is expected to report $0.55 for 4Q.
JetBlue Airways Corp (JBLU) is expected to report $-0.45 for 4Q.
Kimberly-Clark Corp (KMB) is expected to report $1.44 for 4Q.
Metro Inc (MRU.T,MTRAF) is expected to report $1.16 for 1Q.
MetroCity Bankshares Inc (MCBS) is expected to report $0.67 for 4Q.
NextEra Energy Inc (NEE) is expected to report $0.57 for 4Q.
Northeast Community Bancorp Inc (NECB) is expected to report $0.85 for 4Q.
Northrop Grumman Corp (NOC) is expected to report $7.03 for 4Q.
Paccar Inc (PCAR) is expected to report $1.05 for 4Q.
Polaris Inc (PII) is expected to report $0.03 for 4Q.
Popular Inc (BPOP) is expected to report $3.04 for 4Q.
Provident Financial Holdings Inc (PROV) is expected to report $0.35 for 2Q.
RTX Corp (RTX) is expected to report $1.14 for 4Q.
Roper Technologies Inc (ROP) is expected to report $3.62 for 4Q.
Seagate Technology Holdings PLC (STX) is expected to report $2.56 for 2Q.
Summit State Bank (SSBI) is expected to report for 4Q.
Synchrony Financial (SYF) is expected to report $2.04 for 4Q.
Sysco Corp (SYY) is expected to report $0.97 for 2Q.
Union Pacific Corp (UNP) is expected to report $2.85 for 4Q.
United Parcel Service Inc - Class B (UPS) is expected to report $2.18 for 4Q.
UnitedHealth Group Inc (UNH) is expected to report $1.72 for 4Q.
World Acceptance Corp (WRLD) is expected to report $0.76 for 3Q.
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ANALYST RATINGS ACTIONS
AppLovin Raised to Buy From Hold by Needham
BOK Financial Cut to Neutral From Buy by DA Davidson
Cisco Systems Raised to Outperform From In-Line by Evercore ISI Group
Clearwater Analytics Cut to Neutral From Buy by UBS
CoreWeave Raised to Buy From Neutral by DA Davidson
Corpay Raised to Overweight From Equal-Weight by Morgan Stanley
CubeSmart Cut to Peer Perform From Outperform by Wolfe Research
Cummins Cut to Peer Perform From Outperform by Wolfe Research
Hecla Mining Co. Cut to Hold From Buy by Canaccord Genuity
Lifetime Brands Cut to Hold From Buy by Canaccord Genuity
Meta Platforms Raised to Buy From Neutral by Rothschild & Co
Natl Storage Affiliates Raised to Peer Perform From Underperform by Wolfe Research
Orion Properties Raised to Buy From Hold by Jones Trading
Public Storage Cut to Peer Perform From Outperform by Wolfe Research
Relay Therapeutics Raised to Outperform From Perform by Oppenheimer
Royal Gold Cut to Sector Perform From Sector Outperform by Scotiabank
S&T Bancorp Raised to Buy From Neutral by Janney Montgomery Scott
Solventum Raised to Overweight From Sector Weight by Keybanc
Stewart Info Services Raised to Outperform From Market Perform by Keefe, Bruyette & Woods
Varonis Systems Cut to Equal-Weight From Overweight by Morgan Stanley
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-27-26 0628ET
