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Shares of Adobe Inc. were losing around 4 percent in the pre-market activity on Nasdaq on Friday after the tech major announced that Dan Durn, its executive vice president and CFO, is departing on June 15 to join a new firm. Meanwhile, the company reported higher second-quarter results, issued third -quarter outlook, and upgraded fiscal 2026 outlook for adjusted earnings and revenues reflecting...
It looks like Elon Musk might be set to become the first trillionaire if everything goes according to plan with SpaceX's upcoming IPO.
SpaceX is gearing up for what might be the biggest initial public offering ever, with investor interest far surpassing the $75 billion in shares the company plans to sell.
Sam Bankman-Fried, the former head of FTX, just hit a big legal roadblock. A federal appeals court decided to uphold his fraud conviction, keeping his 25-year prison sentence for his part in the collapse of the cryptocurrency exchange.
The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.
Cafe de Coral Holdings Ltd. (0341.HK) Monday said that its attributable profit declined 39.5 percent in fiscal 2026, impacted by a challenging business environment in Hong Kong as well as Mainland China. The company also announced a final dividend. On the Hong Kong Stock Exchange, 0341.HK is trading...
ASX Limited (ASXFY.PK, ASXFF.PK, ASX.AX) Monday announced that it has settled proceedings brought by Australian Securities and Investments Commission or ASIC in relation to statements made in 2022 on the status relating to CHESS replacement project, after admitting misleading conduct. As part of the...
Banqup Group SA (BANQ.BR), a Belgian fintech and SaaS company, on Monday announced a strategic simplification plan to reorganize the company into distinct, autonomous business units. The company has hired Lazard, Inc. (LAZ) to explore options for the business, including the possible sale of certain...
Meridian Energy Limited (MEZ.AX) reported higher retail sales volumes in May 2026, supported by growth across all customer segments. Retail sales volumes increased 7.8% from May 2025. Residential sales rose 20.4%, while sales to small and medium businesses increased 6.7%, large businesses 8.3%, agriculture...
In response to recent media speculation, Woodside (WDS, WDS.AX)confirms that it is not aware of any proposal and is not in discussions regarding a potential transaction with Exxon Mobil Corp.(XOM). The company will continue to comply fully with its continuous disclosure obligations. Reports last week...
On Friday, Cuentas Inc. (CUEN), a mobile phone service provider, announced that it has appointed Eric Kilinsky as Interim Chief Finance Officer, effective June 8 to succeeds Ofek Haim Suchard. Suchard is appointed as Chief Artificial Intelligence Officer. On the One One Nasdaq-100, the shares closed...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
Mirum Pharmaceuticals, Inc. (MIRM) and Incyte (INCY) announced positive pivotal Phase 2 results from Cohort 1 of the PROGRESS study evaluating the investigational asset Zilurgisertib in adolescents and adults aged 12 years or older with Fibrodysplasia Ossificans Progressiva (FOP). Results were presented...
Among Friday's notable biotech movers were TherapeuticsMD, which is evaluating a strategic review process; Sensei Biotherapeutics, supported by optimism surrounding a key clinical catalyst expected in the second half of 2026; and Alumis, which is advancing its lead therapy toward a potentially pivotal trial in lupus expected to commence next quarter.
BioCryst Pharmmaceuticals Inc. (BCRX), a biotechnology company, on Friday released new data from the real-world APeX-P study for ORLADEYO and the Phase 1b/2 ALPHA-STAR for Navenibart in treating hereditary angioedema. ORLADEYO (berotralstat) is an oral prophylactic therapy that increases plasma kallikrein...
Medicus Pharma Ltd. (MDCX) announced that it submitted an Investigational New Drug (IND) application to the Department of Health, Abu Dhabi, for a Phase 2a PRECISION-E2 genomics-enabled trial to evaluate Teverelix in women with symptomatic endometriosis in the United Arab Emirates (UAE). Company Profile Medicus...
Friedman Industries, Inc. (FRD), a steel manufacturing company, reported higher profit in the fourth quarter, compared to the prior year. The increase was attributable to same-facility volume growth at the company's existing operations. In the pre-market activity on the Nasdaq, the shares were trading...
Industrial production and foreign trade from the euro area and wholesale prices from Germany are due on Monday. At 2.00 am ET, Destatis is slated to issue Germany's wholesale prices for May. Wholesale prices are forecast to grow 0.8 percent on a monthly basis, following a 2.0 percent rise in April.
South Korea is on Monday scheduled to release May numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In April, imports were up 20.8 percent on year and exports rose an annual 53.2 percent for a trade surplus of $26.95 billion. New Zealand...
With consumers experiencing some relief due to the early-month easing in gasoline prices, the University of Michigan released a report on Friday showing a bigger than expected rebound in U.S. consumer sentiment in the month of June. The University of Michigan said its consumer sentiment index jumped to 48.9 in June after slumping to 44.8 in May. Economists had expected the index to rise to 46.0.
The persisting conflict in the Middle East and the closure of the Strait of Hormuz are expected to keep the global energy prices elevated this year with a 36 percent increase in the Brent crude oil prices, a new report from the World Bank said.
The Campbell's Company (CPB) will host a conference call at 9:00 AM ET on June 8, 2026, to discuss Q3 26 earnings results. To access the live webcast, log on to https://investor.thecampbellscompany.com To listen to the call, dial (800) 715-9871 (US) or (646) 307-1963 (International), Conference ID: 3623156.
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...