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  • Signet Jewelers Q1 Net Income Declines; Raises FY27 Adj. EPS Guidance June 02, 2026 07:26 ET

    Signet Jewelers (SIG) reported first quarter net income of $31.7 million compared to $33.5 million, a year ago. EPS was $0.78, flat with prior year. EPS in the current quarter included $0.78 of restructuring and other charges net of taxes. Adjusted EPS was $1.56, compared to $1.18. Sales increased to...

  • Pasithea Therapeutics' PAS-004 Receives FDA Orphan Drug Designation For ALS June 02, 2026 07:21 ET

    Pasithea Therapeutics Corp. (KTTA) on Tuesday said the U.S. Food and Drug Administration has granted Orphan Drug Designation to its lead candidate, PAS-004, for the treatment of Amyotrophic Lateral Sclerosis (ALS), a progressive neurodegenerative disease that affects motor neurons. The company said...

  • FS KKR Capital Prices $900 Mln Offering Of 7.500% Unsecured Notes Due 2031 June 02, 2026 06:43 ET

    FS KKR Capital Corp. (FSK) on Tuesday announced the pricing of an underwritten public offering of $900 million aggregate principal amount of 7.500% unsecured notes due 2031. The notes will mature on August 1, 2031. The offering is expected to close on June 8. The company said it intends to...

  • Halliburton Acquires InformatiQ June 02, 2026 06:39 ET

    Halliburton Company (HAL) on Tuesday said it has acquired InformatiQ AS, a Norway based software company that develops cloud-native applications for subsurface, drilling, well, and logistics data. Financial terms of the transaction were not disclosed. The company said the acquisition builds on...

  • UP Fintech Slips To Loss In Q1 June 02, 2026 06:20 ET

    UP Fintech Holding Ltd. (TIGR), an online brokerage firm, on Tuesday reported net loss for the first-quarter, compared with profit a year earlier. Total revenue increased from the previous period, despite higher expenses. For the first quarter net loss was $27.67 million or $0.010 per share, compared...

  • Sweden's Assa Abloy Buys Canada's Sentinel Dock & Door For Undisclosed Terms June 02, 2026 05:03 ET

    Swedish lock maker Assa Abloy AB (ASS.L, ASAZF, ASSAb.ST) on Tuesday announced that it has acquired Sentinel Dock & Door, a Canadian commercial dock and door service company, to expand its presence in the country. Financial terms of the deal were not disclosed. Sentinel will become part of the Industrial...

  • Intel Unveils New Innovations To Address Customers' Chip-to-systems-level AI Needs June 02, 2026 03:38 ET

    Intel (INTC) unveiled new innovations that address customers' chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges, including: New rackscale AI infrastructure; Agentic Cloud Offering for Disaggregated Inference; Deep industry solutions; Intel Xeon 6+ processors;...

  • Coca-Cola Eyes 2027 India Listing For Bottling Arm, To Sell Stake June 02, 2026 03:31 ET

    Coca-Cola Co. (KO), the U.S. beverage giant, is exploring a potential public listing in India in 2027 of Hindustan Coca-Cola Holdings Pvt Ltd or HCCH, the parent of its largest Indian bottler, and plans to sell part of its holding, the company said on late Monday. HCCH owns Hindustan Coca-Cola Beverages...

  • McDonald's Announces McDonald's NEXT With Ambition To Be Customer's First Choice June 02, 2026 02:51 ET

    McDonald's (MCD) stated that the company's ambition is to be customer's first choice Every time, and so it is introducing McDonald's > NEXT to unlock next phase of growth and productivity, by bringing in more customers more often and improving unit economics. Under the Plan, the company targets to: elevate...

  • STMicroelectronics Lifts Data Center Revenues Outlook For FY26, FY27 June 02, 2026 02:47 ET

    Chipmaker STMicroelectronics N.V. (STM) announced Tuesday that it has raised revenue outlook for Data Centers in the year 2026 and 2027, citing continued strong demand for AI infrastructure. In the overnight trading, the shares wre gaining around 2.29%, at $70.60. For fiscal 2026, data center revenues...

  • Trade Desk Appoints Nate Olmstead As Chief Financial Officer June 02, 2026 02:22 ET

    The Trade Desk, Inc.(TTD), an advertising technology company, said that it has appointed Nate Olmstead as chief financial officer with effect from July 9. Olmstead will join the company from Penguin Solutions Inc.(PENG), an artificial intelligence infrastructure and technology solutions company, where...

  • Nidec Reports ISS's Recommendation To Vote In Favor Of Proposals At General Meeting June 02, 2026 02:14 ET

    Nidec (6594.T) announced that Institutional Shareholder Services, a proxy advisory firm, has issued a report recommending that shareholders vote for all proposals to be entered at the company's General Meeting of Shareholders scheduled for June 18, 2026. The company believes that ISS's recommendation...

  • Blackstone Closes Record $13.1 Bln Asia Private Equity Fund June 02, 2026 02:12 ET

    Blackstone Inc. (BX), an alternative asset management firm, on Tuesday announced the final close of Blackstone Capital Partners Asia III at $13.1 billion. The fund exceeded its $10 billion target and marked the firm's largest private equity fundraise in Asia. The oversubscribed fund reached its...

  • Alphabet To Raise $80 Bln Through Stock Offerings To Support AI Growth June 02, 2026 01:56 ET

    Alphabet Inc. (GOOG) unveiled plans to raise up to $80 billion in equity capital to finance the expansion of its AI infrastructure and computing capacity. The Google parent said the fundraising plan includes $30 billion in public offerings, comprising $15 billion of mandatory convertible preferred...

  • ACCC Seeks Removal Of Banned Magnet Toys From Amazon, EBay, Kogan And Fruugo; Refunds Offered June 02, 2026 01:41 ET

    The Australian Competition and Consumer Commission on Monday said it has asked Amazon.com, Inc. (AMZN), eBay Inc. (EBAY), Kogan.com Ltd (KGN.AX), and Fruugo to remove listings for toys and games containing banned small high-powered magnets. The ACCC said products such as magnetic chess and magnetic...

Global Economics Weekly Update -May 18 – May 22, 2026

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.

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