Stocks have moved mostly lower during trading on Wednesday, extending the pullback seen over the past few sessions. The major averages have all moved to the downside on the day, although selling pressure has remained somewhat subdued. In recent trading, the major averages have fallen to new lows for the session.
Crude oil inventories in the U.S. decreased by slightly less than expected in the week ended December 26th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories fell by 1.9 million barrels last week after inching up by 0.4 million...
Jinxin Technology Holding Company (NAMI), in collaboration with MLVision, Wednesday launched NAMI INSIGHT One, AI-powered smart learning glasses, which an education-specific AI model with lightweight AR technology. The launch of NAMI INSIGHT One marks the company's expansion from a pure digital-content...
First-time claims for U.S. unemployment benefits unexpectedly dipped in the week ended December 27th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims fell to 199,000, a decrease of 16,000 from the previous week's revised level of 215,000. Economists had expected jobless claims to rise to 220,000.
After ending yesterday's choppy session modestly lower, stocks may see some further downside in early trading on Wednesday. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 futures down by 0.1 percent. Stocks may extend the pullback seen over...
TransDigm Group Incorporated (TDG), an aircraft components maker, said on Wednesday that it has inked a deal to acquire Stellant Systems, Inc., a portfolio company of Arlington Capital Partners, for around $960 million in cash. Mike Lisman, CEO of TransDigm, said: "We are excited to have an agreement...
First-time claims for U.S. unemployment benefits unexpectedly dipped in the week ended December 27th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims fell to 199,000, a decrease of 16,000 from the previous week's revised level of 215,000. Economists...
Jeffs' Brands Ltd (JFBR), Wednesday announced that its subsidiary Fort Technology Inc., a Global Consulting and IT Services company, is planning to pursue an uplisting on the Nasdaq Capital Market. This decision comes as Fort expects the uplisting to provide improved visibility as well as liquidity...
An era comes to an end as billionaire investor Warren Buffett is preparing to step down as Berkshire Hathaway Inc. Chief Executive Officer on December 31, 2025. As announced earlier, Buffett, who headed the Omaha, Nebraska-based conglomerate since 1965, will be succeeded by Greg Abel when he takes the reins on January 1, 2026. Buffett will remain the Chairman of the Board of Directors...
Axsome Therapeutics Inc. (AXSM) announced that the U.S. Food and Drug Administration has accepted for filing its supplemental New Drug Application (NDA) for AXS-05 (dextromethorphan HBr and bupropion HCl) for the treatment of agitation associated with Alzheimer's disease. The FDA has granted the...
Gold prices plunged again on Wednesday, erasing all of Tuesday's gains as traders locked in profits on the final day of the year.
Axsome Therapeutics, Inc. (AXSM) announced that it has received formal pre-New Drug Application (NDA) meeting minutes from the U.S. Food and Drug Administration (FDA). The FDA feedback supports the company's planned NDA submission for AXS-12 in narcolepsy. AXS-12 (reboxetine) is a highly selective and...
Cable One Inc. (CABO) announced that James Holanda will become the company's next Chief Executive Officer and join its Board of Directors. Holanda is expected to assume his role no later than March 31, 2026, allowing him time to complete his current professional commitments. He will succeed Julia Laulis,...
Crude oil prices recorded mild gains on Wednesday despite lingering concerns about oversupply.
Lincoln Gold Mining Inc. (LNCLF, LMG.V), a Canadian precious metals exploration and development company, on Wednesday announced that CEO and President Paul Saxton is stepping down from the role with immediate effect. The company has appointed Chair Ian Rogers as interim Chief Executive Officer. Saxton...
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.