Stocks have moved sharply higher during trading on Thursday, largely offsetting the weakness seen late in the previous session. The major averages have all moved back to the upside, with the tech-heavy Nasdaq leading the rebound. Currently, the major averages are off their highs of the session but still firmly positive.
The U.S. Food and Drug Administration has approved the first generic of Xofluza (baloxavir marboxil) tablets, the first single-dose treatment for acute uncomplicated influenza and prophylaxis in patients 5 years of age and older. This approval is to increase the availability of generic drugs in time...
A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators edged higher for the second straight month in May. The Conference Board said its leading economic index inched up by 0.1 percent in May after rising by 0.2 percent in April. The uptick matched economist estimates.
Philadelphia-area manufacturing activity expanded overall in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity shot up to a positive 10.3 in June from a negative 0.4 in May, with a positive reading indicating growth.
Noam Shazeer, Vice President of Engineering at Alphabet Inc. (GOOG)-owned Google and one of the key leaders behind the company's Gemini AI project, has announced his decision to leave the company to join OpenAI. "I'm excited to share that I'll be joining OpenAI and look forward to working with the...
A report released by the Labor Department on Thursday showed a modest pullback in first-time claims for U.S. unemployment benefits in the week ended June 13th. The Labor Department said initial jobless claims dipped to 226,000, a decrease of 4,000 from the previous week's revised level of 230,000. Economists had expected jobless claims to edge down to 225,000.
Brookfield Business Corp. (BBUC, BBUC.TO) announced Thursday its agreement to sell global construction business Multiplex to Japanese construction company Obayashi Corp. (OBYCF, 1802.T) for $650 million. In pre-market activity on the NYSE, Brookfield shares were gaining around 2.13 percent, trading...
Thursday, Life360, Inc. (L360.F), along with Uber Technologies, Inc. (UBER), announced that Life360 members can now request and coordinate Uber rides for teens and other family members directly within the Life360 app. The partnership combines Uber Family's trusted ride platform and safety features...
The U.S. War Department has announced that 30,000 drones are being delivered now and will be ordering 60,000 more in September. This is under the $1.1 billion Drone Dominance Program, a two-year effort to execute President Donald Trump's Executive Order, which articulated the urgent need for the department...
England made a roaring start to the FIFA World Cup 2026 with a 4-2 victory over Croatia while DR Congo showed their warrior spirit to hold Portugal to a 1-1 draw Wednesday, but Cristiano Ronaldo failed to rise to expectations. England won an exciting opening Group L contest against Croatia at Dallas Stadium, thanks to a brilliant brace from captain Harry Kane and second-half goals by Jude Belling
Stocks are likely to move to the upside in early trading on Thursday, regaining ground following the sell-off seen late 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 0.8 percent. Early buying interest may be...
U.S. heating and cooling equipment maker Lennox International Inc (LII) announced on Thursday that it has signed a definitive agreement to acquire HVAC equipment supplier Heat Controller, adding the Comfort-Aire and Century brands to its portfolio. The financial terms of the deal were not disclosed. The...
Thursday, The Kraft Heinz Company (KHC) announced several significant changes, including reorganizing its operations into three regions - North America, Europe and Pacific Developed Markets, and Emerging Markets. Kraft Heinz is also combining its Procurement and Supply Chain teams into one global...
Philadelphia-area manufacturing activity expanded overall in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity shot up to a positive 10.3 in June from a negative 0.4 in May,...
A report released by the Labor Department on Thursday showed a modest pullback in first-time claims for U.S. unemployment benefits in the week ended June 13th. The Labor Department said initial jobless claims dipped to 226,000, a decrease of 4,000 from the previous week's revised level of 230,000. Economists...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.