After moving notably lower in the previous session, the Dow has shown a substantial move back to the upside during trading on Thursday. The blue chip index has more than offset yesterday's slump, reaching a new record intraday high. Currently, the Dow is just off its highs of the session.
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of 212,000.
Paramount, a Skydance Corp (PSKY) and UFC, the mixed martial arts organization, on Thursday said they expanded their media rights partnership to make Paramount+ the exclusive home of UFC Numbered Event main cards in Canada for six years beginning in 2027. The deal will give Paramount+ subscribers...
Hims & Hers Health, Inc. (HIMS), a health and wellness platform, on Thursday announced the appointment of Anant Vinjamoori as Chief Medical Officer of its Hims brand. Vinjamoori will provide clinical guidance for the Hims brand across sexual health, hormone health, dermatology, weight loss, mental...
Pyxus International Inc (PYYX) swings to a profit in its fiscal fourth quarter, helped by higher sales, the agricultural company said on Thursday. The company also issued its outlook for fiscal 2027. For its fourth quarter, Pyxus reported net income of $14.4 million or $0.55 per share compared...
While reporting financial results for the first quarter on Thursday, The Toro Company (TTC) raised its adjusted earnings and net sales guidance for the full-year 2026, based on the better-than-expected first-quarter performance, , while also reflecting the persistent and dynamic inflationary environment. For...
Following the pullback seen in the previous session, stocks may see further downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent. Technology stocks may lead the markets lower amid a steep...
Thursday, Amneal Pharmaceuticals, Inc. (AMRX) announced that the U.S. Food and Drug Administration has approved the company's ready-to-use romidepsin injection solution. The product is a histone deacetylase inhibitor indicated for the treatment of cutaneous T-cell lymphoma in adult patients who have...
First-time claims for unemployment benefits in the U.S. unexpectedly increased in the week ended May 30th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 225,000, an increase of 13,000 from the previous week's revised level of...
Visa (V) announced a collaboration with Brale to explore stablecoin-based settlement using SBC, a U.S. dollar-backed stablecoin issued by Brale, on the Canton Network. The proof of concept will evaluate how privacy-enabled blockchain infrastructure can support faster, more programmable settlement....
Thursday, Microchip Technology Incorporated (MCHP) announced that its Armenian office has received approval from the U.S. Department of Commerce's Bureau of Industry and Security for an export license authorizing the use of advanced technology for FPGA development. Following the receipt of this license,...
A closely watched UN Security Council election delivered a mix of continuity and change on Wednesday, as Austria, Portugal, Trinidad and Tobago, Zimbabwe - and first-time member Kyrgyzstan, secured seats as non-permanent members of the apex Council. The five countries were elected by the 193-member General Assembly to serve as non-permanent members of the Security Council for two-year terms begin
The Justice Department has announced the Model Cities Initiative, directing nearly $300 million in federal funding to transform public safety in U.S. cities. Through this initiative, two to four cities will be selected to receive awards supporting the implementation of comprehensive and innovative strategies...
Caleres Inc. (CAL), a footwear company, on Thursday initiated guidance for the second quarter and has revised up its annual outlook, citing its robust first-quarter earnings performance. Jay Schmidt, CEO of Caleres, said: "We continue to expect modest sales growth and meaningful earnings growth in...
A flesh-eating parasite that feeds on warm-blooded animals has been detected in the United States after six decades. The U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) confirmed the detection of a New World screwworm in a bovine in Zavala County, Texas. New World...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.