After showing a strong move to the upside early in the session, stocks have given back ground over the course of the trading day on Thursday. The major averages have pulled back well off their highs of the session, with the Nasdaq and S&P 500 briefly dipping below the unchanged line. Currently, the major averages are all in positive territory.
Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May. The Labor Department said its producer price index for final demand shot up by 1.1 percent in May, matching a downwardly revised jump in April.
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended June 6th. The report said initial jobless claims crept up to 229,000, an increase of 4,000 from the previous week's unrevised level of 225,000. Economists had expected jobless claims to dip to 219,000.
After moving sharply lower over the course of the previous session, stocks may move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent. Bargain hunting may contribute to early...
Thursday, Propanc Biopharma, Inc. (PPCB) announced that its board has approved a share repurchase program, authorizing the company to repurchase up to $5.0 million of its common stock. The company expects the program to allow the shareholders to continue to increase their ownership in its underlying...
Partly reflecting a continued spike in energy prices, the Labor Department released a report on Thursday showing a bigger than expected increase in U.S. producer prices in the month of May. The Labor Department said its producer price index for final demand shot up by 1.1 percent in May, matching...
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended June 6th. The report said initial jobless claims crept up to 229,000, an increase of 4,000 from the previous week's unrevised level of 225,000. Economists...
Retail property owner Kimco Realty Corp. (KIM) on Thursday announced that its operating subsidiary Kimco Realty OP, LLC priced an upsized $525 million offering of 3.50 percent exchangeable senior notes due 2031 in a private placement. The offering was increased from a previously announced $500 million....
Guardant Health Inc. (GH) on Thursday said the U.S. Food and Drug Administration approved its Guardant360 CDx liquid biopsy test as a companion diagnostic for Boehringer Ingelheim's Hernexeos, the first targeted therapy for adults with HER2-mutant advanced non-small cell lung cancer. Guardant360 CDx...
The European Union has signed a joint declaration with Greece, Italy, the Netherlands, Sweden, and Norway in support of advancing plans for a new pilot mission to perform tasks in orbit. The In-Space Operations and Services (ISOS) pilot mission is a step towards a European in-orbit service infrastructure....
Johnson & Johnson (JNJ) on Thursday said it is expanding the U.S. rollout of its TECNIS PureSee intraocular lens, an extended depth of focus lens designed to improve vision for patients undergoing cataract surgery. The company said TECNIS PureSee is the first and only U.S. Food and Drug Administration-approved...
The Lovesac Company (LOVE) posted a net loss of $11.1 million in the first quarter of fiscal 2027 or $0.76 per share compared to a loss of $10.8 million or $0.73 per share in the prior year period. During the first quarter of fiscal 2027, the company recorded an income tax benefit of $5.6 million, compared...
The wait is over. The stage is set for the FIFA World Cup to kick off Thursday with hosts Mexico taking on South Africa in a Group A match at the Aztec stadium in capital Mexico City. As excitement reaches fever pitch around the globe, Mexico finds itself firmly in the spotlight. El Tri will shoulder the hopes of a nation when they take on South Africa, the team they faced at the same stage of th
Merck Animal Health, a division of Merck & Co. (MRK), on Thursday announced a definitive agreement to acquire TARGAN, a privately held developer of biodevice solutions for the poultry industry, for undisclosed consideration. The transaction is expected to close in the third quarter of 2026. The...
Compass Diversified (CODI), a private equity firm, on Thursday said co-founder and chief executive officer Elias Sabo will retire on December 31, 2026. The company appointed Zach Sawtelle as chief operating officer and said he will succeed Sabo as chief executive officer upon his retirement. Sawtelle...
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.