Latest developments show that there are no signs of ending the ongoing Middle East conflict as expected. The war is felt across the globe with price escalations and delay in supply chains. In the Asian trading hours, oil prices extended gains for a third consecutive session. Brent crude futures for...
Through the April tax filing deadline, American families and Workers have claimed $82 billion in individual relief directly from the Working Families Tax Cuts, the Department of the Treasury's new analysis of this past tax filing season confirms. 97 percent of filers received a tax cut this past filing...
President Donald Trump has signed an Executive Order to advance American artificial intelligence innovation to strengthen the nation's cybersecurity, protect critical infrastructure, and ensure the United States remains the global leader in AI innovation. The Order directs appropriate agencies to prioritize the cyber defense of National Security Systems, Department of War information systems, an
At 7:35 a.m. ET on Wednesday, premarket trading is seeing notable activity in several stocks (SDOT, LASE, GRRR, NRXP), with early price movements signaling potential opportunities before the opening bell.
Raytheon, an RTX Corp. (RTX) business, announced Wednesday it has been awarded a $515 million contract from the U.S. Navy for the SPY-6 family of radars. The contract is a follow-on to the Integration and Production Support contract, which was awarded in June 2025, and includes upgrading Flight IIA...
Shares of Inditex - Industria de Diseño Textil SA were gaining around 4 percent in Spanish trading after the clothing major on Wednesday reported higher first-quarter results, as well as higher sales for the second quarter-to- date period on strong demand. Looking ahead for fiscal 2026, Zara owner said it expects a stable gross margin, plus or minus 50 basis points.
Novo Nordisk B A/S (NVO) on Wednesday announced the launch of the Wegovy pill in the United Arab Emirates, making it the first country outside the United States to offer the oral obesity treatment. The company said Wegovy pill is the first oral GLP-1 receptor agonist approved for weight management....
The Institute for Supply Management released a report on Wednesday showing its reading on U.S. service sector activity increased by more than expected in the month of May. The ISM said its services PMI rose to 54.5 in May from 53.6 in April, with a reading above 50 indicating growth. Economists had expected the index to tick up to 53.7.
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. jumped by slightly more than expected in the month of May. ADP said private employment shot up by 122,000 jobs in May after increasing by a downwardly revised 105,000 jobs in April.
A report released by the Commerce Department on Wednesday showed a substantial increase in new orders for U.S. manufactured goods in the month of April. The Commerce Department said factory orders soared by 4.8 percent in April after jumping by an upwardly revised 1.8 percent in March. Economists...
After weeks of intense negotiations, Denmark's acting prime minister Mette Frederiksen has announced that her Social Democratic Party has reached a consensus on forming a center-left coalition government. Frederiksen told reporters after meeting King Frederik X that she would present the new cabinet on Wednesday under her third term as prime minister. Frederiksen had resigned after the ruling So
Colombia's presidential election is heading to a runoff after Sunday's vote failed to produce a clear winner. The right-wing candidate Abelardo de la Espriella, a close ally of President Donald Trump, received the most votes - 43.7 percent - while the left-wing senator Iván Cepeda, an ally of the outgoing president Gustavo Petro, came second with 40.9 percent. As none of the 13 candidates in th
The U.S. Government has imposed sanctions on Persian Gulf Strait Authority, an Iranian government agency responsible for the authorization and regulation of maritime transit through Iranian waters. It was launched on May 5 as the U.S. warships entered the Strait of Hormuz to enforce blockade of Iranian ports. After the U.S. attacked Iran, Iran declared that vessels would be required to pay for s
After trending higher over the past several sessions, stocks are giving back some ground during trading on Wednesday. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued. Currently, the major averages are off their lows of the session but still in the red.
European stocks edged lower on Wednesday as renewed Middle East tensions continued to push oil prices higher, clouding the outlook for inflation and interest rates. Brent crude futures jumped nearly 3 percent toward $99 a barrel after the U.S. military said it had thwarted Iranian missile attacks...
Asian stocks ended mixed on Wednesday as renewed enthusiasm for artificial intelligence offset uncertainty over U.S.-Iran negotiations aimed at ending the war and reopening the Strait of Hormuz, a critical waterway for the global energy market. U.S. Secretary of State Marco Rubio said that Iran has...
Shares of Victoria's Secret & Co (VSXY) are dropping around 7 percent in Wednesday morning trading after the company announced that all three independent proxy advisors has recommended the shareholders to vote "FOR" all nine of the company's director nominees, including Independent Chair Donna James,...
The Canadian market is down firmly in negative territory on Wednesday, weighed down by concerns about tensions in the Middle East, and largely contrasting reports about peace talks between the U.S. and Iran.
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.
Renewed uncertainty surrounding the fate of the negotiations between the U.S and Iran engulfed global markets on Wednesday.
June's FDA calendar offers plenty for investors to keep a close eye on. Among the key names are Spero Therapeutics, awaiting an FDA decision on its antibiotic for complicated urinary tract infections; Kiniksa Pharma, seeking approval for a technology transfer of the manufacturing process for Arcalyst drug substance; and Merck, pursuing the first FDA approval for its WELIREG - KEYTRUDA combination.
The euro area private sector logged back-to-back contractions in May, marking its biggest fall in 18 months, final survey data from S&P Global showed Wednesday. The final composite output index dropped to 48.5 in May from 48.8 in April. A score below the threshold 50.0 indicates contraction. However, the score was above the flash estimate of 47.5.
China's service sector grew at a faster pace in May as total activity and new business expanded at the fastest rates in three months, survey data from S&P Global showed Wednesday. The RatingDog services Purchasing Managers' Index rose to 54.4 in May from 52.6 in the previous month.
Australia's economic growth eased in the first quarter as consumers reduced spending amid rising interest rates, and cyclones weighed on mining and exports, the Australian Bureau of Statistics said Wednesday. Gross domestic product grew 0.3 percent on a quarterly basis, much weaker than the 0.9 percent expansion seen in the fourth quarter and economists' forecast of 0.5 percent.
UK mortgage approvals rose to a 15-month high in April despite higher borrowing costs, data from the Bank of England showed Tuesday. Mortgage approvals unexpectedly increased to 65,945 in April from 63,979 in the previous month. This was the highest since January 2025 and was above forecast of 62,000.
A study published in CDC's Emerging Infectious Diseases journal Tuesday highlights a growing concern for adverse outcomes from patients who have traveled abroad to undergo cosmetic procedures. The findings underscore the need for patients considering medical procedures abroad to fully understand the...
Health officials in Brazil are closely monitoring two people for possible Ebola infection in the country's largest cities, São Paulo and Rio de Janeiro. In São Paulo, a 37-year-old man from the Democratic Republic of the Congo (DR Congo), where the current Ebola outbreak is centered, developed symptoms...
Google is moving ahead with plans to release up to 32 million specially treated male mosquitoes in California and Florida to help reduce the spread of mosquito-borne diseases. According to reports from USA Today, Google submitted an application to the U.S. Environmental Protection Agency (EPA) last...
A new study titled "To Study the Effects of Cocomelon on Young Children's Behaviour and Emotions" explores how one of the world's most-watched children's shows may be influencing emotional responses and day-to-day behaviour in early childhood.
Anthropic has announced a major expansion of Project Glasswing, its program focused on using AI to identify and address significant software vulnerabilities.
Alphabet Inc. (GOOG) has revealed that it intends to raise $80 billion by selling stocks and attracting private investments to build out its artificial intelligence infrastructure.
Retailer Dollar General Corp. on Tuesday lifted fiscal 2026 profit view following higher first-quarter results. Further, the firm maintained annual sales growth view. Todd Vasos, CEO of Dollar General, said: "Our topline results were highlighted by positive customer traffic and balanced category growth,...