Oil and gas major Shell Plc reported Thursday higher profit and adjusted EBITDA in its first quarter, while revenues and other income edged down amid weak production. Separately, Shell announced the commencement of a $3.0 billion share buyback programme. In London, the shares were losing around 2.8 percent. In pre-market activity on the NYSE, Shell shares were down 1.7 percent
Walt Disney Co. reported Wednesday lower net profit in its second quarter, while segment operating income increased with higher revenues. Further, the media and entertainment major updated its fiscal 2026 outlook, and maintained fiscal 2027 earnings growth view. The company also said it is targeting at least $8 billion in share repurchases in fiscal 2026.
CVS Health Corp. on Wednesday reported higher profit and revenues in its first quarter and raised fiscal 2026 outlook. According to the health solutions major, the updated outlook reflects increases in the Health Care Benefits and Pharmacy & Consumer Wellness segments. In pre-market activity, CVS shares were gaining around 4.7 percent
After reporting a sharp pullback by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Monday showing existing home sales rebounded by much less than expected in the month of April. NAR said existing home sales crept up by 0.2 percent to an annual rate of 4.02 million in April.
China's inflation unexpectedly accelerated and factory gate inflation hit a 45-month high in April as the war in the Middle East stoked energy prices, official data showed Monday. Consumer price inflation rose to 1.2 percent in April from 1.0 percent in March, the National Bureau of Statistics reported. Prices were expected to climb 0.9 percent.
China will on Monday release April figures for consumer and producer prices, highlighting a light day for Asia-Pacific economic activity. In March, consumer prices were down 0.7 percent on month and up 1.0 percent on year, while producer prices added an annual 0.5 percent. Australia will provide...
The European Commission has selected 9 hydrogen production projects under the third auction of the European Hydrogen Bank, or EHB. Across seven countries in the European Economic Area, the projects are expected to provide almost 1.1 giga-watts of electrolyser capacity and produce more than 1.3 million tons of hydrogen over their first 10 years of operation. This is estimated o avoid greenhouse g
US Air Force'S F-22 Raptor fighter jets have arrived at Kadena Air Base, the American air base in Japan, marking the latest fighter rotation supporting operations across the Indo-Pacific region. While deployed to the Keystone of the Pacific, the F-22s will operate alongside heavy, reconnaissance, and fourth- and fifth-generation aircraft assigned to the Air Force's 18th Wing at Kadena Air Base, s
A U.S.-led resolution to defend freedom of navigation in the Strait of Hormuz is set to be introduced for voting in UN Security Councilin the coming days. Secretary of State Marco Rubio said on Tuesday that at President Donald Trump's direction, the United States, alongside its Gulf partners Bahrain, Saudi Arabia, the United Arab Emirates, Kuwait, and Qatar, drafted the resolution. The draft res
Following the strong upward move seen last week, stocks have shown a lack of direction over the course of trading session on Monday. The major averages have spent the day bouncing back and forth across the unchanged line. Currently, the major averages are posting modest gains.
European stocks were broadly lower on Monday amid failed peace efforts in the U.S.-Iran conflict. After U.S. President Donald Trump rejected Iran's latest proposal to end the months-long conflict now stretching over two months, Iran said it would continue using both "the weapon of diplomacy" and...
Asian stocks ended mixed on Monday as strong gains in AI-related stocks in Seoul offset investor concerns over escalating U.S.- Iran tensions and prolonged disruption in the Strait of Hormuz. Iran has rejected a U.S. proposal for renewed peace talks, calling it "surrender" and insisting instead on...
European stocks are seen opening mixed on Monday after the U.S. and Iran failed to reach an agreement to end the West Asia conflict. The U.S. and Iran rejected each other's latest peace proposals to end the war in the Middle East, keeping the Strait of Hormuz largely closed and raising doubts about...
Babcock & Wilcox Enterprises, Inc. (BW) shares soared 25.79 percent to $18.29, up $3.75 on Monday, after the company reported strong first-quarter revenue growth despite a wider net loss caused by a large non-cash charge.
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.
Sentiment in world markets remains tethered to the geopolitical situation in the Middle East while the fresh uncertainty following President Trump's rejection of Iran's response to the American peace plan has dampened optimism.
The White House says the Trump Administration's Most-Favored-Nation (MFN) drug pricing policy framework to address the major differences in drug prices and contributions to the pharmaceutical innovation enterprise across developed countries is expected to generate $529 billion in domestic savings in the next 10 years across all markets. The Trump Administration has so far reached voluntary MFN pr
The May FDA calendar appears relatively light. The upcoming regulatory milestones include a potential label expansion of argenx SE's VYVGART, and an additional indication for Daiichi Sankyo Company and AstraZeneca plc's cancer therapy Enhertu, among others.
The Commerce Department released a report on Friday showing a sharp increase in U.S. wholesale inventories in the month of March. The report said wholesale inventories shot up by 1.3 percent in March after climbing by an upwardly revised 0.9 percent in February.
Consumer sentiment in the U.S. has deteriorated by more than anticipated in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 48.2 in May from 49.8 in April. Economists had expected the index to edge down to 49.3.
A closely watched report released by the Labor Department on Friday showed much stronger than expected U.S. job growth in the month of April. The Labor Department said non-farm payroll employment shot up by 115,000 jobs in April after surging by an upwardly revised 185,000 jobs in March. Economists had expected employment to climb by 63,000 jobs.
UK house prices dropped for the second straight month in April as geopolitical tensions drive inflation higher and trigger interest rate hike concerns, data published by the mortgage lender Halifax showed Friday. House prices dropped 0.1 percent on a monthly basis in April but slower than the 0.5 percent decrease in March.
The Centers for Disease Control and Prevention has urged all Americans aboard the hantavirus-hit cruise ship to follow the guidance of health officials as the Trump Administration works to bring them home safely. In a statement issued on Wednesday, CDC said the Administration is closely monitoring...
Three people have died and three others are ill following suspected cases of hantavirus infection on a cruise ship in the Atlantic, the World Health Organization reported. WHO noted that one case of the rodent-borne disease has been confirmed so far and there are five additional suspected cases. WHO...
The UK Government has announced that it worked with international partners to ensure the safe return of all remaining British nationals on board the hantavirus-stricken cruise ship, with passengers now safely transferred to Arrowe Park Hospital in Birkenhead, England. 20 British nationals along...
The U.S. Department of Health and Human Services has announced that an American passenger who was evacuated from the the hantavirus-stricken cruise ship has been tested positive for the virus, and another has been diagnoed with mild symptoms. They are among 17 American passengers who were airlifted to the United States after being evacua
Whoop is rolling out a new feature that lets U.S. users access licensed clinicians directly through their app, marking a significant step into personalized digital healthcare for the wearable fitness brand.
Spirit Airlines has ceased operations and begun an orderly shutdown after failing to secure a last-minute rescue package, marking the first collapse of a major U.S. airline due to financial problems in 25 years.
European aviation officials and airline groups are considering using U.S. grade jet fuel to help avoid potential fuel shortages that could arise from the ongoing U.S.-Israel conflict with Iran.
Instructure (INST), the company behind the popular Canvas platform, has confirmed a serious cyberattack connected to the hacking group ShinyHunters, which has led to the exposure of data for millions of students and educators around the globe.
European stocks closed on a mixed note Monday as U.S.-Iran peace talks stalled after U.S. President Donald Trump rejected Iran's latest proposal to end the conflict, calling it "totally unacceptable." Investors also reacted to a slew of corporate earnings updates.