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  • ABC, Meta Launch $115 Mln Program To Train Data Center Construction Workers June 09, 2026 02:37 ET

    U.S. construction trade group Associated Builders and Contractors or ABC announced that it has partnered with Facebook-parent Meta Platforms, Inc. (META) to launch a $115 million workforce training program aimed at addressing a shortage of data center construction technicians in the United States. The...

  • Apple Unveils New Child Safety And Parental Control Features June 09, 2026 02:13 ET

    Apple Inc. (AAPL) announced a range of new child safety and parental control features that will roll out with its software updates this fall, expanding the tools available to help parents manage their children's online activities. The updates include a simplified child account setup process, a new...

  • Alibaba Denies CMC Status, Confirms Business Continuity June 09, 2026 01:53 ET

    Alibaba Group Holding Ltd. (BABA, 9988.HK), an e-commerce and technology company, on Monday said the U.S. Department of Defense has included the company on its list of Chinese Military Companies. The company said it believes the inclusion is a mistake and that there is no basis to conclude Alibaba...

  • Dutch Authority Blocks Glaspoort Acquisition, KPN To Review Decision June 09, 2026 01:45 ET

    Koninklijke KPN N.V. (KPN.AS, KKPNY, KPN), a Dutch telecommunications and IT provider, responded to the decision by the Dutch Authority for Consumers and Markets or ACM to prohibit Glaspoort's proposed acquisition of about 200,000 fiber-to-the-home connections from DELTA Fiber. KPN said it regrets...

  • Snow Rothschild Acquisition Corp Announces $200 Mln IPO Pricing At $10/unit June 09, 2026 01:38 ET

    Snow Rothschild Acquisition Corp. (ISNRU) recently announced the pricing of its Initial Public Offering or IPO of 20 million units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant exercisable for one Class A share fixed...

  • Baidu: U.S. Government Procurement Limitations Tied To CMC List To Have No Impact On Business June 09, 2026 01:27 ET

    Baidu, Inc. (BIDU) said the the Deputy Secretary of Defense in the U.S. has included Baidu on the Department of Defense's list of Chinese Military Companies, or the CMC List. Baidu believes there is no justification for its inclusion on such list as the company is neither a Chinese military company nor...

  • Southwest Airlines Enters Into Global Interline Partnership With Singapore Airlines June 09, 2026 00:47 ET

    Southwest Airlines Co. (LUV) announced late Monday its interline partnership with Singapore Airlines Ltd. (C6L.SI) to offer worldwide travelers single-ticket journeys to and from the United States. During the International Air Transport Association or IATA Annual General Meeting in Brazil, the company...

  • U.S. Stocks Give Back Ground After Early Rebound But Close Mostly Higher June 08, 2026 16:23 ET

    Stocks showed a strong move back to the upside in early trading on Monday following Friday's sell-off but gave back ground over the course of the sessions. The major averages pulled back well off their highs of the session, with the Dow dipping into negative territory.

  • U.S. Stocks Regaining Ground Following Last Friday's Sell-Off June 08, 2026 11:19 ET

    Stocks have moved mostly higher during trading on Monday, regaining ground following the sell-off seen last Friday. The major averages have all moved back to the upside, with the tech-heavy Nasdaq leading the rebound. Currently, the Nasdaq and S&P 500 are just off their highs of the session, while the narrower Dow is posting a more modest gain.

  • Raytheon Investing $100 Mln To Expand Its Portsmouth, Rhode Island-based Facility June 08, 2026 10:26 ET

    Raytheon, an RTX Corp. (RTX) business, announced Monday it is investing $100 million to expand its Portsmouth, Rhode Island-based facility, which has been operating for more than 60 years. The facility supports undersea technology, combat systems and radars. The expansion will accelerate Lower Tier...

  • AvalonBay, Equity Residential Appoint Benjamin Schall CEO Of Combined Entity June 08, 2026 09:49 ET

    Apartment REITs, Equity Residential (EQR) and AvalonBay Communities, Inc. (AVB) on Monday announced that they have named the executive team that will lead their $69 billion merger of equals, with AvalonBay CEO Benjamin Schall to serve as president and CEO of the combined firm. The all-stock deal,...

  • Tango Therapeutics Announces Positive Data From Pancreatic Cancer Study, Stock Surges In Pre-Market June 08, 2026 09:27 ET

    Monday, Tango Therapeutics, Inc. (TNGX) announced positive initial data from its ongoing Phase 1/2 study of vopimetostat in combination with Revolution Medicines' RAS(ON) inhibitors daraxonrasib or zoldonrasib. During the study, patients with MTAP-deleted and RAS-mutant metastatic pancreatic ductal...

  • Kneat To Go Private In C$650 Mln Takeover By Thoma Bravo June 08, 2026 09:13 ET

    kneat.com, inc. (KSI.TO, KSIOF), a digital validation and quality process automation company, Monday announced its definitive arrangement agreement to be acquired by Thoma Bravo, L.P., a privately held software-focused investment firm. Under the deal terms, holders of Kneat shares other than any Rollover...

  • Bargain Hunting May Contribute To Initial Strength On Wall Street June 08, 2026 08:54 ET

    Following the sell-off seen during last Friday's session, stocks may move back to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent. Bargain hunting may contribute to initial strength on...

  • AstroNova Swings To Profit In Q1, Stock Up In Pre-Market June 08, 2026 08:45 ET

    AstroNova, Inc. (ALOT), a print technology solutions provider, on Monday reported a return to profitability in the first quarter as revenue rose. In pre-market activity on the Nasdaq, shares of AstroNova were up 7.52 percent, changing hands at $15.58, after closing Friday's regular session 4.86 percent...

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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