Stocks have moved mostly lower during trading on Thursday, giving back ground following the rally seen in the previous session. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued. Currently, the major averages are off their lows of the session but still in the red.
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly weakened in the month of May. The Philly Fed said its diffusion index for current general activity plummeted to a negative 0.4 in May from a positive 26.7 in April, with a negative reading indicating contraction.
New residential construction in the U.S. pulled back sharply in April but still came in well above economist estimates, according to a report released by the Commerce Department on Thursday. The Commerce Department said housing starts slumped by 2.8 percent to an annual rate of 1.465 million in April after soaring by 12 percent to an upwardly revised rate of 1.507 million in March.
The Labor Department released a report on Thursday showing first time-claims for U.S. unemployment benefits unexpectedly edged lower in the week ended May 16th. The report said initial jobless claims dipped to 209,000, a decrease of 3,000 from the previous week's revised level of 212,000. Economists had expected jobless claims to inch up to 213,000.
Stellantis (STLA, 8TI.DE, STLAP.PA, STLAM.MI) and Qualcomm Technologies (QCOM) announced an expansion of multi-year technology collaboration to power next-generation Stellantis vehicles with Qualcomm Technologies' Snapdragon Digital Chassis system-on-chips. The expanded collaboration integrates Snapdragon...
Homebuilder Hovnanian Enterprises, Inc. (HOV) reported Thursday a net loss for the second quarter of $2.95 million or $0.46 per share, compared to net income of $17.06 million or $2.43 per share in the prior-year quarter. Total revenues for the quarter declined to $667.65 million from $686.47 million...
Sun Communities, Inc. (SUI), on Thursday, announced an agreement to sell its UK assets, including the Park Holidays business to funds affiliated with Aermont Capital for 768 million pounds, or about $1.03 billion all cash. The transaction is expected to close in the second half of 2026. Under...
Graco Inc.(GGG), a fluid and powder handling technologies company, said on Thursday that it has inked a deal to acquire Valco Melton, an adhesive application and quality assurance systems provider, for $447 million in cash. This includes around $40 million in expected tax benefits. Mark Sheahan, CEO...
Thursday, TTEC Holdings, Inc. (TTEC) announced an expanded strategic collaboration with with Volkswagen Group UK to deliver class-leading CX and AI-enabled digital transformation across the United Kingdom. Under the seven-year extended contract, TTEC will continue delivering customer care, case management,...
Osisko Development Corp. (ODV), on Thursday announced the pricing of a $275 million aggregate principal amount offering of 4.125% convertible senior notes due 2031 in a private placement. The notes were priced with a 25% conversion premium. The offering includes $225 million of notes to qualified...
While reporting financial results for the fourth quarter on Wednesday, luxury home furnishing retailer Williams-Sonoma, Inc. (WSM) reiterated its revenue growth guidance for the full-year 2026. For fiscal 2026, the company continues to expect net revenue growth of 2.7 to 6.7 percent, with comparable...
UN General Assembly has adopted a resolution welcoming the advisory opinion of the International Court of Justice on the obligations of States in respect of climate change. The resolution calls on all UN Member States to take all possible steps to avoid causing significant damage to the climate and...
Following the rally seen in the previous session, stocks may move back to the 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. The downward momentum on Wall Street comes amid a sharp...
Hamilton Lane (HLNE) said on Thursday its board had approved an increase in its stock repurchase authorization to $100 million of Class A common stock. The asset manager previously had a framework allowing it to buy up to 6 percent of its outstanding Class A shares, capped at $50 million. The program...
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly weakened in the month of May. The Philly Fed said its diffusion index for current general activity plummeted to a negative 0.4 in May from a positive 26.7 in April, with 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.