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Appeals Court Upholds Sam Bankman-Fried Fraud Conviction, Dashing Bid For New Trial

June 12, 2026 17:05 ET bankman 12062026 lt

Sam Bankman-Fried, the former head of FTX, just hit a big legal roadblock. A federal appeals court decided to uphold his fraud conviction, keeping his 25-year prison sentence for his part in the collapse of the cryptocurrency exchange.

SpaceX Raises $75 Bln In IPO, Turning Musk First Trillionaire

June 12, 2026 08:31 ET spacexipov2 12062026 lt

The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.

Alcoa Ratifies USW Labor Agreement For Around 965 Smelter Employees

June 15, 2026 09:39 ET Topstories2 30052024 lt

Alcoa Corporation (AA), an aluminum mining company, Monday announced the ratification of a new labor agreement with the United Steelworkers or USW at its U.S. smelters for around 965 smelter employees at its Warrick Operations in Indiana and Massena Operations in New York. The agreement is effective...

  • Activist Investor Ananym Capital Urges Bio-Techne To Explore Sale Options June 15, 2026 09:25 ET

    Bio-Techne Corporation's (TECH) activist investor Ananym Capital Management has taken a stake in the company and is urging management to explore strategic alternatives, including a potential sale, according to a Bloomberg report. The report further stated that Ananym had sent a letter to Bio-Techne's...

  • RBB Bancorp Board Approves Buyback Of Upto 1 Mln Shares Through 2028 June 15, 2026 09:17 ET

    California-based community lender RBB Bancorp (RBB) announced on Monday that its board has approved a stock repurchase program of upto 1 million shares through June 30, 2028, and plans to redeem $40 million of subordinated notes. The buyback represents about $25 million, or 6 percent of outstanding...

  • Powerfleet Q4 Loss Narrows, Sees Higher FY27 Results; Shares Up June 15, 2026 09:13 ET

    On Monday, Powerfleet, Inc. (AIOT), a provider of artificial-intelligence-on-things, reported narrower loss in the fourth quarter, attributable to lower operating expenses and higher revenues. Further, the firm issued fiscal 2027 outlook, expecting higher adjusted EBITDA and revenues. In the pre-market...

  • Elanco Animal Health Announces USDA Approval Of TruCan Ultra Lyme-L4 June 15, 2026 09:04 ET

    Elanco Animal Health (ELAN) announced the U.S. Department of Agriculture approval of TruCan Ultra Lyme-L4. It is the first and only 1/2 mL combination vaccine protecting against both Lyme disease and leptospirosis, all in a low-volume dose, for dogs. This combination formulation allows veterinarians...

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Context Therapeutics Reports Positive Phase 1 Data For CTIM-76 In Ovarian Cancer; Stock Up

June 15, 2026 07:17 ET rttnewslogo20mar2024 lt

Context Therapeutics Inc. (CNTX) on Monday reported positive interim Phase 1 data for its investigational therapy CTIM-76 in patients with advanced, late-line platinum-resistant ovarian cancer (PROC). The company's shares were up more than 6% in pre-market trading.

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.

Neurocrine Reports Positive Two-Year Phase 3 Data For Crenessity In Pediatric CAH

June 15, 2026 09:26 ET biotech1 18042024 lt

Neurocrine Biosciences Inc. (NBIX) on Monday reported positive two-year data from its Phase 3 CAHtalyst Pediatric study of Crenessity in children and adolescents with classic congenital adrenal hyperplasia (CAH). The data showed that pediatric patients with advanced bone age at baseline experienced...

Friedman Q4 Profit Rises Due To High Sales Volume; Issues Q1 FY27 Outlook; Shares Up

June 12, 2026 07:10 ET earnings1 30052024 lt

Friedman Industries, Inc. (FRD), a steel manufacturing company, reported higher profit in the fourth quarter, compared to the prior year. The increase was attributable to same-facility volume growth at the company's existing operations. In the pre-market activity on the Nasdaq, the shares were trading...

Swiss Producer And Import Prices Unexpectedly Fall 0.4%

June 15, 2026 09:41 ET economy2 30052024 lt

Switzerland's producer and import prices decreased for the first time in three months in May. The producer and import price index posted a monthly decrease of 0.4 percent in May, reversing a 0.8 percent increase in April. The falling trend in May was mainly driven by lower costs for pharmaceutical products, petroleum and natural gas, and electricity.

  • New York Manufacturing Index Pulls Back Sharply In June But Still Indicates Growth June 15, 2026 09:32 ET

    After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth.

  • U.S. Industrial Production Inches Slightly Higher In May June 15, 2026 09:21 ET

    A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May. The Fed said industrial production crept up by 0.1 percent in May after climbing by an upwardly revised 0.9 percent in April. Economists had expected industrial...

  • Poland Inflation Confirmed At 3.1% June 15, 2026 09:04 ET

    Poland's consumer price inflation eased slightly in May from a 10-month high in the previous month as estimated earlier. The consumer price index climbed 3.1 percent year-over-year in May, slower than the 3.2 percent increase in April. The overall inflation in May was largely driven by a 5.6 percent growth in transport charges and a 5.0 percent spike in housing and utility costs.

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ODNB Financial, National Capital Bancorp To Merge To Form $2.4 Bln Community Bank

June 15, 2026 09:03 ET rttnewslogo20mar2024 lt

ODNB Financial Corp., the parent of Old Dominion National Bank, and National Capital Bancorp, Inc. (NACB), the parent of The National Capital Bank of Washington, on Monday announced a merger agreement under which NACB will merge into ODNB, with ODNB as the surviving bank holding company. ODNB said...

SpaceX Raises $75 Bln In IPO, Turning Musk First Trillionaire

June 12, 2026 08:31 ET spacexipov2 12062026 lt

The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.

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