Following the rally seen in the previous session, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures down by less than a tenth of a percent. Traders may take a step back to...
A report released by the Labor Department on Tuesday showed import prices in the U.S. shot up by much more than expected in the month of May. The Labor Department said import prices jumped by 1.9 percent in May after leaping by an upwardly revised 2.0 percent in April. Economists had expected import...
Yum! Brands (YUM) said Yum! will sell Pizza Hut, excluding Mainland China, to LongRange Capital for approximately $1.5 billion. Yum! has the opportunity to receive an earn-out of $75 million by 2030. Also, Yum! will sell Pizza Hut in Mainland China to Yum China Holdings, Inc. for approximately $1.2 billion....
The Commerce Department released a report on Tuesday showing a steep drop in new residential construction in the U.S. in the month of May. The report said housing starts plummeted by 15.4 percent to an annual rate of 1.177 million in May after plunging by 8.5 percent to a revised rate of 1.392 million...
Allergan Aesthetics, an AbbVie company (ABBV), said on Tuesday that the U.S. Food and Drug Administration (FDA) has approved SKINVIVE by JUVÉDERM to reduce neck lines and improve neck appearance in adults over 21. The company said SKINVIVE is the first and only hyaluronic acid injectable indicated...
Solana Company (HSDT) announced on Tuesday that its board has unanimously rejected an unsolicited, non-binding all-stock proposal from Forward Industries Inc. to acquire the company for $1.48 per share. Digital asset treasury firm Solana Company, which acquires and holds Solana tokens, said the board...
As representatives of Iran and the United States reportedly prepare to sign a new peace agreement at the end of the week, the UN has stressed the urgent need to open an aid corridor to transit the choked-off Strait of Hormuz and prevent a global hunger crisis. At the Human Rights Council in Geneva,...
On Tuesday, the UK has annuonced a major sanctions package aimed at choking off Russia's war effort across multiple fronts. The latest round of punitive action by the UK includes 70 new sanctions targeting Russia's illicit shadow fleet, military procurement supply chains, and illicit finance networks used to circumvent Wedtern sanctions. The sanctions further crack down on Russia's decrepit
Chemical makers Olin Corp. (OLN) and Huntsman Corp. (HUN) announced on Tuesday that they have agreed to combine in an all-stock merger of equals to create a North American chemicals company worth more than $12 billion. In pre-market activity on NYSE, shares of Huntsman were down 8.78 percent, changing...
F&G Annuities & Life (FG) announced that Chris Blunt will retire from his current role as Chief Executive Officer of F&G to focus on his roles as a Director of F&G and Chief Executive Officer of subsidiary Peak Altitude Equity. Blunt will focus on leading the formal process to explore strategic alternatives...
In a landmark move, the UK government has banned Social media platforms to under-16s. The Department for Science, Innovation and Technology said the Social media platforms will be blocked from offering services to children below this age group to protect kids with world-leading additional restrictions on harmful features online such as live streaming and strangers communicating with children. T
Ferguson Enterprises Inc. (FERG), a distributor of plumbing and HVAC products, on Tuesday said it will delist its shares from the London Stock Exchange and end its UK secondary listing from July 20, 2026. The company had moved its primary listing from the LSE to the New York Stock Exchange in 2022. Ferguson...
Biotechnology platform company NovaBridge Biosciences (NBP) announced Tuesday that the U.S. Food and Drug Administration (FDA) has granted Fast Track Designation to givastomig in combination with nivolumab and chemotherapy for the treatment of patients with previously untreated HER2-negative advanced...
Sentia ASA (SNTIA.OL), a Nordic construction group, on Tuesday announced that its subsidiary HENT AS has been awarded a design-and-build contract by Skygard AS for Phase 2 of the OSL1 data centre at Økern in Oslo. The contract is valued at approximately NOK 320 million, excluding VAT. The construction...
Parsons Corp. (PSN) on Tuesday announced it has been selected by the Minnesota and Wisconsin Departments of Transportation for design oversight and construction oversight contracts related to the John Blatnik Bridge replacement project. The project is estimated to cost between $1.1 billion and $1.4...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.