Partly reflecting a jump in wholesale inventories, the Commerce Department released a report on Thursday showing U.S. business inventories increased by slightly more than expected in the month of March. The report said business inventories climbed by 0.9 percent in March after rising by 0.4 percent in February. Economists had expected business inventories to grow by 0.8 percent.
The Labor Department released a report on Thursday showing a substantial increase in import prices in the U.S. in the month of April. The report said import prices shot up by 1.9 percent in April after climbing by an upwardly revised 0.9 percent in March. Economists had expected import prices to jump by 1.0 percent.
A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased in line with economist estimates in the month of April. The Commerce Department said retail sales climbed by 0.5 percent in April after jumping by a downwardly revised 1.6 percent in March.
First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 211,000, an increase of 12,000 from the previous week's revised level of 199,000. Economists had expected jobless claims to rise to 205,000.
The European Commission has proposed new rules to make seamless travel across Europe a reality. The three proposals adopted Wednesday simplify planning and booking for regional, long-distance and cross-border travel, particularly for rail journeys involving multiple operators, and ensure better protection...
The Federal Aviation Administration has announced that it is investing $16.5 million for improving airport safety in the country. With the funds, FAA plans to equip all its airport vehicles with transponders that help air traffic controllers identify and track them on runways and taxiways. The FAA...
Stocks may move to the upside in early trading on Thursday, with the tech-heavy Nasdaq poised to add to the strong gain posted in the previous session. The major index futures are currently pointing to a higher open for the markets, as the S&P 500 futures are up by 0.3 percent. Tech stocks may extend...
Economic announcements and Fed Speeches might be on focus on Thursday. Investors are analyzing the US-China summit in Beijing and the reflections on the Middle East conflict. Oil prices traded higher on Thursday, while the International Energy Agency warned that global oil inventories are falling...
A leader of the Eastern European neo-Nazi group Maniac Murder Cult, Michail Chkhikvishvili, has been sentenced to 15 years in prison for soliciting hate crimes and planning mass casualty attack in New York City. Chkhikvishvili, a Georgian national also known as "Commander Butcher," was sentenced by...
Music superstars Shakira, Madonna and K-pop band BTS will perform at the World Cup foorball championship final's halftime show in July. This was announced by FIFA in an Instagram post on Thursday. "The world's biggest stage. An even bigger purpose. On July 19, the FIFA World Cup 2026 Final Halftime Show is coming to New York New Jersey Stadium, featuring superstars @madonna , @shakira , and @bts
President Donald Trump has described the talks with his Chinese counterpart Xi Jinping as "great". Trump's response to reporters' questions after a nearly two-hour long high-stakes meeting at the Great Hall of the People in Beijing on Thursday was limited. The White House said "The two sides agreed that the Strait of Hormuz must remain open to support the free flow of energy." U.S. media repor
The U.K. economy grew at a stronger pace in the first quarter of the year ahead of the escalation of geopolitical tensions in the Middle East that triggered supply disruptions and a surge in crude oil price. Gross domestic product increased 0.6 percent sequentially, following the fourth quarter's 0.2 percent expansion, the Office for National Statistics said.
Shares of Cisco Systems Inc. were climbing around 20 percent in the overnight trading and are up 17 percent in pre-market activity on Nasdaq after the tech major raised fiscal 2026 outlook following double-digit growth in top and bottom-line in its third quarter. Further, amid the AI-focused restructuring, the firm announced a reduction of fewer than 4,000 jobs in the fourth quarter...
European stocks traded higher on Thursday as U.S.-China talks got underway and official data showed the U.K. economy grew at a faster pace in the first quarter, driven by contribution from all three sectors. U.K. GDP increased 0.6 percent sequentially, following the fourth quarter's 0.2 percent expansion....
Quarterly national accounts, industrial production and foreign trade reports from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK GDP, industrial output and external trade figures. The economy is forecast to grow 0.6 percent in the first quarter after rising 0.1 percent in the preceding
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.