Following the weakness seen in the previous session, stocks have shown a strong move back to the upside during trading on Wednesday. The major averages have all climbed firmly into positive territory, with the tech-heavy Nasdaq leading the way higher. Currently, the major averages are just off their highs of the session.
The Energy Information Administration released a report on Wednesday showing crude oil inventories in the U.S. tumbled by much more than expected in the week ended May 15th. The report said crude oil inventories plunged by 7.9 million barrels last week after slumping by 4.3 million barrels in the...
The U.S. Department of State has issued updated Level 4 travel advisories for all three countries affected by the recent Ebola outbreak. It warned American citizens or permanent residents not travel to the Democratic Republic of the Congo, Uganda, or South Sudan for any reason. Americans have been urged to remain vigilant of CDC guidelines on isolation and quarantine if they are departing the reg
A fast-spreading Ebola outbreak in the Democratic Republic of the Congo has forced health workers rushing to stop transmission, while the rollout of any potential vaccine is months away, the World Health Organization said on Tuesday. A WHO representative has said that Ervebo, a vaccine against the Zaire Ebola virus, is under consideration to stop the transmission of the current outbreak, but "it
Travel marketplace Expedia Group, Inc. (EXPE) announced Wednesday that it has entered into an agreement to acquire CarTrawler, an Ireland-based B2B platform powering car rental, ground transport and Insurtech solutions for the global travel industry. CarTrawler's platform brings exceptional depth,...
Footwear retailer Caleres (CAL) on Wednesday named Dan Karpel as senior vice president and Chief Financial Officer, effective immediately. Karpel succeeds Jack Calandra, who left in January to pursue other opportunities, the company said in a statement. Karpel rejoined Caleres as Chief Accounting...
Grab Holdings Ltd. (GRAB), on Wednesday announced plans to consolidate PT Super Bank Indonesia Tbk. Singtel Alpha Investments Pte. Ltd. will transfer its stake in Superbank to GXS Bank Pte. Ltd., Grab's digital banking subsidiary and joint venture with Singapore Telecommunications Ltd. Upon completion...
Stocks may move to the upside in early trading on Wednesday, regaining ground following the weakness seen in the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.5 percent. Early buying interest may be generated in...
Guardant Health (GH) announced that the FDA has approved Guardant360 Liquid CDx, advancing blood-based comprehensive genomic testing by integrating genomic and epigenomic insights. Guardant360 Liquid CDx is the largest FDA-approved liquid biopsy panel, assessing a 100X wider genomic footprint than...
Insurer Progressive Corp. (PGR) reported Wednesday that April 2026 net income was $1.09 billion or $1.86 per share, up from $986 million or $1.68 per share in April 2025. Net premiums written for the month improved 6 percent to $7.28 billion and net premiums earned grew 7 percent to $7.11 billion...
The UN Security Council met in an emergency session in New York to discuss the situation in the Middle East following reports of a drone strike near the Barakah Nuclear Power Plant in the United Arab Emirates. IAEA Director General Rafael Mariano Grossi briefed members as concerns grow over nuclear safety...
Equifax Inc (EFX), a data, analytics, and technology company, and identity and location technology business GB Group plc (GBG) on Wednesday announced an expansion of their partnership into the United States. As part of the expanded partnership, Equifax identity and fraud solutions will be integrated...
The Chinese government has confirmed the purchase of 200 American-made Boeing aircraft for Chinese airlines. This was part of many deals secured during President Donald Trump's recently concluded visit to Beijing. The Chinese Commerce Ministry said on Wednesday that the U.S. will guarantee the supply of aircraft engine parts and components. The White House had said earlier this week that a tra
Shares of TJX Companies, Inc. were gaining around 4 percent in the pre-market activity after the off-price apparel and home fashions retailer on Wednesday issued positive outlook for second quarter and raised fiscal 2027 view, after reporting strong Q1 results. Further, the firm raised its range for share repurchases to $2.75 billion to $3.0 billion of TJX stock during Fiscal 2027.
Taiwan Travelogue, a novel by Taiwanese writer Yang Shuang-zi about forbidden love and Taiwanese food, has won the International Booker Prize 2026. Taiwan Travelogue is the first book translated from Mandarin Chinese to English to win the the prestigious award. The International Booker Prize recognizes the vital work of translation, with the 50,000 pound prize money divided equally between the a
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.