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
Consumer products major Colgate-Palmolive Co., while reporting weak profit and higher net sales in its first quarter, on Friday maintained fiscal 2026 earnings and sales growth outlook. Meanwhile, the firm trimmed gross profit margin guidance. In pre-market activity, the shares were gaining around 3.1 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.
Norway's central bank raised its benchmark rate unexpectedly by a quarter-point on Thursday as the war in the Middle East pushed up inflation and raised substantial uncertainty about the economic outlook. The Monetary Policy and Financial Stability Committee of Norges Bank decided to raise the policy rate to 4.25 percent from 4.0 percent.
The Philippine economy expanded at the slowest pace in five years in the first quarter amid declining investment, weaker household spending and exports. Gross domestic product grew 2.8 percent on a yearly basis in the first quarter, the Philippine Statistics Authority said Thursday. This followed a 3.0 percent expansion seen in the fourth quarter and marked the weakest expansion since the first q
German factory orders grew at a faster pace in March as manufacturers rushed to secure raw materials ahead of potential future price increases and supply shortages. Factory orders increased 5.0 percent in March compared to February's revised growth of 1.4 percent, Destatis reported Thursday. The monthly increase significantly outpaced the 1.0 percent forecast.
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
The Department of State has announced it will provide up to $100 million in foreign assistance funding toward coordinated G7 efforts to ensure the continued containment of fissile nuclear material at the Chernobyl nuclear power plant in Ukraine. For three decades, the United States and G7 partners have led efforts to secure nuclear material at the Chernobyl plant, with the United States providi
Germany's DAX index has declined from Wednesday's levels even as markets await news on a deal expected to end the Middle East conflict.
European stocks were broadly lower on Thursday after posting strong gains in the previous session on AI-driven optimism and hopes for a quick end to the Middle East conflict. The downside was capped after data showed German factory orders grew at a faster pace in March. Factory orders increased...
Asian stocks advanced on Thursday as AMD's Q1 print topped consensus and investors pinned hopes for a peace deal between the United States and Iran. The dollar index was subdued in Asian trading, helping gold prices jump more than 1 percent toward $4,750 an ounce. Oil prices extended losses,...
European stocks are seen opening mixed on Thursday after posting strong gains in the previous session on optimism over a potential U.S.-Iran peace deal and easing concerns about inflationary pressures. U.S. President Donald Trump said he has had "very good talks" with Iran over the past 24 hours and...
Asian markets are a sea of green on Thursday, following the positive cues from Wall Street overnight, with the Japanese markets surging in post-holiday trading, amid optimism over a potential U.S.-Iran peace deal and the related easing of crude oil prices and concerns about global inflationary pressures. The two sides are nearing a one-page, 14-point memorandum of understanding to end the war.
Stocks moved sharply higher early in the session on Wednesday and saw further upside as the day progressed. The major averages added to the gains posted during Tuesday's session, with the Nasdaq and S&P 500 reaching new record closing highs. The major averages ended the day just off their highs of the session.
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.
WW International, Inc. (WW), a provider of weight management products and services, on Thursday reported a narrower first-quarter loss, although revenue declined amid weaker subscription sales. The company's shares were down more than 6% in pre-market trading.
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.
Global market sentiment rebounded after swaying sharply in response to the hawkish tilt in the Fed's decision to hold rates steady.
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.
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. jumped by more than expected in the month of April. The report said private sector employment shot up by 109,000 jobs in April after climbing by a downwardly revised 61,000 jobs in March. Economists had expected private sector employment to grow by 85,000 jobs.
Euro area private sector contracted for the first time in nearly one-and-a--half years as the ongoing war in the Middle East acted as a drag on services activity, final results of the purchasing managers' survey by S&P Global showed on Wednesday. The composite output index fell to 48.8 in April from 50.7 in the previous month. The reading was moderately above the flash estimate of 48.6.
Final composite Purchasing Managers' survey results from the euro area and the UK are due on Wednesday, headlining a busy day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes industrial production data for March. Economists forecast industrial output to grow 0.5 percent on a monthly basis in March, in contrast to the 0.7 percent fall in February.
China's service sector registered faster growth in April, driven by stronger increases in new business despite declining foreign orders, survey results published by S&P Global revealed Wednesday. The headline RatingDog China services Purchasing Managers' Index rose to 52.6 in April from 52.1 in the previous month.
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 hantavirus-hit Dutch cruise ship is reportedly sailing to Spain's Canary Islands to medically evacuate two crew members to make sure that they receive urgent medical care. A third person who had contact with the diseased German passenger will also be evacuated, media reports say. Hantavirus victims...
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
The Center for AI Standards and Innovation has teamed up with major tech companies like Google DeepMind, Microsoft, and xAI, allowing the U.S. government to review AI models before they hit the market.
Chevron Corp. (CVX) CEO Mike Wirth has raised alarms about possible global oil shortages after the Strait of Hormuz was closed, a vital shipping lane for crude oil.