After ending yesterday's choppy session narrowly mixed, stocks moved to the upside in early trading on Wednesday but quickly came under pressure. The major averages pulled back well off their highs of the session and firmly into negative territory. The major averages saw further downside going into the end of the day, closing just off their lows of the session.
After moving to the upside early in the session, stocks have come under pressure over the course of the trading day on Wednesday. The major averages have pulled back well off their highs of the session and into negative territory. Currently, the major averages are just off their lows of the session.
The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. decreased by slightly more than expected in the week ended December 12th. The report said crude oil inventories fell by 1.3 million barrels last week after declining by 1.8 million barrels...
SCHMID Group N.V. (SHMDW), Wednesday announced that it has secured two-tranche term loan facility for upto 10 million euros with Black Forest Special Situations I. The loan facility comprises of an optional equity conversion right of the Lender to convert the loan amounts into shares of the company...
SCHMID Group N.V. (SHMDW, SHMD), Wednesday announced financial results for the first half of 2025, reporting net loss of 10.6 million euros, down from 74.9 million euros in the previous year. Operating profit declined to 7.8 million euros from last year's 70.1 million euros. Revenue went down to...
Freightos Limited (CRGO), Wednesday announced that Chief Executive Officer Zvi Schreiber has decided to step down from the role to pursue other entrepreneurial interests. In his absence, the company's Chief Financial Officer Pablo Pinillos will assume the role of interim CEO. Meanwhile, the Board...
Wednesday, HOPI Logistics announced the implementation of Hitachi Vantara Virtual Storage Platform One Block or VSP One Block, developed by a subsidiary of Hitachi, Ltd. (HTHIY.PK), to increase the reliability and availability of its mission-critical solutions. The company expects the implementation...
SEI Investments Company (SEIC), Wednesday honored the company's founder Alfred P. West, Jr. by appointing him as Chairman Emeritus, a lifelong appointed position. This comes as West has resigned from his role as a director and board chair as part of a planned transition, effective January 1, 2026....
Five9, Inc. (FIVN), which provides an Intelligent CX Platform, on Wednesday said its Board has named Amit Mathradas as Chief Executive Officer, with effect from February 2, 2026. Mathradas will replace Board Chairman Mike Burkland, who announced in July that he will retire from the CEO role. Burkland...
Following the mixed performance seen in the previous session, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.2 percent. Energy stocks may help lead an early upward...
Alnylam Pharmaceuticals (ALNY) on Wednesday said it plans to expand its manufacturing facility in Norton, Massachusetts, with an investment of about $250 million. The expansion is intended to support a fully dedicated, siRNA (small interfering RNA) enzymatic-ligation manufacturing facility. As part...
Bombardier Inc. (BDRXF.PK), Wednesday announced that it is on track to reach its previously stated net leverage ratio target of 2.0-2.5x. This comes as the company will reduce its long-term debt by $5.5 billion following the previously announced $500 million debt redemption notice, resulting in an...
Jabil Inc. (JBL), an engineering, manufacturing, and supply chain services company, on Wednesday revised up its annual guidance, better than analysts' expectations, citing a robust demand. For fiscal 2026, the company now expects core earnings of $11.55 per share, higher than the earlier guidance...
Steel Dynamics, Inc. (STLD) said it expects fourth quarter earnings in the range of $1.65 to $1.69 per share. Comparatively, prior year fourth quarter earnings were $1.36 per share. The company currently plans to release its fourth quarter earnings on January 26, 2026. The company noted that it has...
Cytokinetics, Incorporated (CYTK) said on Wednesday that China's National Medical Products Administration has approved Myqorzo for the treatment of adults with obstructive hypertrophic cardiomyopathy. Under its license and collaboration agreement, Sanofi holds exclusive rights to develop and commercialize...
December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.