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.
High Tide Inc. (HITI) has announced that its German subsidiary, Remexian Pharma GmbH, reached record distribution levels this quarter, showcasing continued growth in Europe's largest medical cannabis market.
A new study from Rice University suggests that public reactions to the weight-loss medications go beyond simple admiration or acceptance. In some cases, people who use them may face more criticism than those who do not lose weight at all. The research, led by Erin Standen, an assistant professor of...
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.
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.
Stocks are likely to move to the upside in early trading on Wednesday, extending the advance seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent. Optimism about an end to the conflict...
Financial contributions from migrants remain substantial, and remittances are projected to reach $905 billion, including $685 billion to low and middle-income countries, says the new World Migration Report. Restricting migration does not stop people from moving. It often pushes them into more dangerous...
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...
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
European stock markets are trading on an emphatically positive note amidst growing optimism about a potential peace deal between the U.S. and Iran.
Investor sentiment is trending positive after U.S. President Donald Trump, in a social media post, said that U.S. is pausing its operations in the Middle East for a short period of time to guide stranded ships through the Strait of Hormuz. However, U.S. will continue with blockade of Iran's ports. Oil...
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.
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.
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
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.