A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April. Economists had...
Cocrystal Pharma, Inc. (COCP) on Wednesday announced that it has appointed James Sapirstein chief executive officer, effective immediately, replacing co-chief executives Sam Lee and Jim Martin. In pre-market activity on Nasdaq, shares of Cocrystal Pharma were up 5.60 percent, changing hands at $1.1088,...
Through the April tax filing deadline, American families and Workers have claimed $82 billion in individual relief directly from the Working Families Tax Cuts, the Department of the Treasury's new analysis of this past tax filing season confirms. 97 percent of filers received a tax cut this past filing...
Wednesday, Ascidian Therapeutics along with Eli Lilly and Company (LLY) announced a global research collaboration and licensing agreement to discover and develop therapies for undisclosed monogenic kidney diseases, with the option to expand to additional target As per the terms of the deal, Lilly...
President Donald Trump has signed an Executive Order to advance American artificial intelligence innovation to strengthen the nation's cybersecurity, protect critical infrastructure, and ensure the United States remains the global leader in AI innovation. The Order directs appropriate agencies to prioritize the cyber defense of National Security Systems, Department of War information systems, an
Shares of Inditex - Industria de Diseño Textil SA were gaining around 4 percent in Spanish trading after the clothing major on Wednesday reported higher first-quarter results, as well as higher sales for the second quarter-to- date period on strong demand. Looking ahead for fiscal 2026, Zara owner said it expects a stable gross margin, plus or minus 50 basis points.
Investment manager Wellington Management on Wednesday said it has agreed to acquire Hartford Funds from Hartford Financial Services Group Inc. (HIG) in a deal with an estimated net present value of $1.9 billion. The Hartford will receive $300 million in cash at closing and additional payments tied...
Macy's, Inc. (M) revised its fiscal 2026 guidance, including raising net sales, comparable sales, and adjusted EPS guidance. Adjusted EPS is now expected in a range of $2.00 to $2.20, revised from prior guidance range of $1.90 to $2.10. Net sales are now expected in a range of $21.5 billion to $21.75...
Wednesday, AT&T Inc. (T) announced a new streamlined fiber lineup for customers using home internet plans, starting June 7, 2026. The company now offers plans with speeds 300 Mbps, 500 Mbps, 1 GIG and 5 GIG at a starting price of $35 per month for customers who combine AT&T wireless and home internet,...
Akamai Technologies, Inc. (AKAM), on Wednesday announced that GM Sectec, a provider of PCI-led managed security services, has joined the Akamai Partner Connect Program. The partnership aims to help enterprises simplify compliance with PCI DSS v4.0.1, govern autonomous AI agents, and strengthen protection...
While reporting financial results for the fourth quarter on Tuesday, medical devices maker Medtronic plc (MDT) initiated its adjusted earnings and organic revenue growth guidance for the full-year 2027. For fiscal 2027, the company now projects adjusted earnings in a range of $5.90 to $6.00 per share...
While reporting financial results for the third quarter on Wednesday, Thor Industries, Inc. (THO), manufacturer of recreational vehicles, slashed its earnings guidance for the full year 2026, based on the prolonged geopolitical and macroeconomic conditions and the resulting pressure on consumer confidence...
In one of the most serious violations of the ceasefire, Iran launched missiles at Kuwait and Bahrain and the United States conducted fresh attacks on Qeshm Island, calling it "self-defense strikes." A series of exchange of fire Tuesday night was apparently triggered by the US military using a Hellfire missile to hit an unladen oil tanker sailing toward an Iranian port on Kharg Island on the Arabi
GEN Restaurant Group, Inc. (GENK), owner and operator of GEN Korean BBQ, on Wednesday said it has appointed Luke A. Hewko as chief financial officer, principal financial officer, and principal accounting officer, effective June 1, 2026, succeeding Thomas V. Croal, who is retiring. The company said...
The Australian Competition and Consumer Commission or ACCC on Wednesday announced that it has cleared Ampol Retail Holding Pty Ltd's (ALD.AX) acquisition of UK-based EG Group's Australian fuel and convenience business. The approval is subject to the divestiture of 41 retail sites across Australia...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.