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
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 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 pullback seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The tech-heavy Nasdaq led the way higher and reached a new record closing high along with the S&P 500.
The major European markets finished under water again on Friday for a second straight session, opening firmly lower and then remaining in the red throughout the trading day to end at session lows. The markets were down as escalating U.S.-Iran tensions curbed investors' appetite for riskier assets....
Asian stocks declined on Friday as renewed hostilities between the U.S. and Iran lifted crude oil prices and revived inflation worries. The U.S. and Iran traded fire in the Strait of Hormuz and accused each other of carrying out attacks in the sharpest confrontation since the fragile U.S.-Iran ceasefire...
Following the pullback seen over the course of the previous session, stocks may move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent. The futures climbed more firmly into positive...
The renewed tensions between US and Iran in the Middle East might be influencing investor sentiments on Friday, however, Wall Street might open moderately up. U.S. President Donald Trump asked to continue the ceasefire, while Iran reportedly activated its air defense systems, raising concerns in the...
Ubiquiti Inc. (UI) shares plunged 13.59 percent to $799.55, down $127.14 on Friday, despite the company reporting higher third-quarter earnings and revenue compared with last year.
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.
A better-than-expected job market update from the U.S. on Friday has dampened rate cut expectations from the Fed, dragging down cryptocurrencies.
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.
Germany's industrial production declined unexpectedly in March as the war in the Middle East started to take its toll on industrial activity, official data revealed Friday. Industrial output dropped 0.7 percent in March, marking the second consecutive monthly decline, Destatis reported.
Industrial production and foreign trade from Germany and house prices from the UK are the top economic news due on Friday. At 2.00 am ET, Destatis releases Germany's industrial output and foreign trade figures. Economists forecast industrial output to grow 0.4 percent on a monthly basis in March, in contrast to the 0.3 percent fall in February.
With an increase in spending on private construction more than offsetting a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending rose by more than expected in the month of 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...
A total of 6.42 million doses of unapproved and counterfeit pharmaceuticals worth $15.5 million have been seized in a global crackdown. Operation Pangea XVIII, coordinated by Interpol across 90 countries during March 10 - 23, led to 269 arrests and the dismantling of 66 criminal groups involved in the illicit pharmaceutical trade. Law enforcement agencies worldwide launched 392 investigations an
The World Health Organization has clarified that a deadly hantavirus outbreak aboard a cruise ship in the Atlantic Ocean poses a low global public health risk and is "not the start of another COVID pandemic." Three people have died and several others have fallen ill aboard the Dutch-flagged MV Hondius, prompting a major international public health response involving countries across Europe, Afric
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.
James Murdoch is currently in talks to buy assets from Vox Media, which includes New York magazine and its podcast division. This deal could total more than $300 million, according to some insiders.
Gaining the ground lost yesterday, Canadian stocks advanced on Friday as Iran is reviewing the U.S. peace proposal to end the war and reopen the Strait of Hormuz, boosting market sentiments and easing inflationary pressure.