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.
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.
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
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.
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.
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
US Secretary of State Marco Rubio will meet with Pope Leo this week. Announcing his visit, the State Department said Rubio will travel to Rome for a three-day tour beginning Wednesday to advance bilateral relations with Italy and the Vatican. Secretary Rubio will meet with Holy See leadership to discuss the situation in the Middle East and mutual interests in the Western Hemisphere, it added.
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
Stocks have moved sharply higher over the course of the trading day on Wednesday, adding to the gains posted in the previous session. With the continued advance, the Nasdaq and the S&P 500 have reached new record intraday highs. Currently, the major averages are just off their highs of the session.
European stock markets are trading on an emphatically positive note amidst growing optimism about a potential peace deal between the U.S. and Iran.
Major stock markets in Asia surged on Wednesday tracking the strong gains in Wall Street, attributed to AI-momentum and U.S.-Iran peace deal hopes.
In an apparent response to President Donald Trump's move to suspend "Project Freedom" citing progress in diplomatic talks with Iran to end the Middle East war, oil prices fell sharply Wednesday. Brent crude fell below the $100 mark, and was trading below $98 a barrel after falling by nearly 11 percent while the US-traded WTI dropped by 11.42 percent to $90. Even this is 40 percent higher than th
Cencora, Inc. (COR) shares dropped 15.06 percent to $259.82, down $46.08 on Wednesday, even as the company reported strong second-quarter earnings growth.
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.
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.
New home sales in the U.S. saw a substantial increase in the month of March, according to a report released by the Commerce Department on Tuesday. The report said new home sales spiked by 7.4 percent to an annual rate of 682,000 in March after soaring by 8.9 percent to an annual rate of 635,000 in February. Economists had expected new home sales to come in at an annual rate of 668,000.
A report released by the Institute for Supply Management on Tuesday showed a slight slowdown in the pace of growth in U.S. service sector activity in the month of April. The ISM said its services PMI slipped to 53.6 in April after falling to 54.0 in March, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 53.7.
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...
Global efforts to combat viral hepatitis are delivering measurable progress in reducing infections and deaths, but the disease remains a major global health challenge, according to a new report by the World Health Organization. WHO released the report at the World Hepatitis Summit on Tuesday. Viral...
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...
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.
Amazon Inc. (AMZN) has rolled out Amazon Supply Chain Services, expanding its logistics capabilities to businesses across various fields.
Canadian stocks have moved sharply higher during trading on Wednesday, offsetting the weakness seen over the three previous sessions. The benchmark S&P/TSX Composite Index surged at the start of trading and has seen further upside over the course of the day. Currently, the index is up 431.17 points...