Parker-Hannifin Corp. (PH) Thursday announced an agreement to acquire the commercial and defense aerospace business of Circor International, Inc. for $2.55 billion. The purchase price, net of expected tax benefits, represents 22.7x Circor Aerospace's calendar year 2026 estimated adjusted EBITDA. Parker...
Retail behemoth Walmart Inc. on Thursday issued positive second-quarter outlook, and maintained fiscal 2027 outlook, after reporting higher results in its first quarter. eCommerce revenues climbed 26 percent globally with strength across segments. Meanwhile, the shares were losing around 3 percent in pre-market activity on Nasdaq.
The United States has signed agreements with three allied countries to enable them to procure counter-unmanned aerial system capabilities through the Joint Interagency Task Force 401 drone defense marketplace. Army Secretary Dan Driscoll signed agreements on behalf of the Pentagon with key leaders...
The Market sentiments continue to be influenced by the Middle East conflict as U.S.-Iran peace talks are yet to reach a consensus. The initiative to break the deadlock and launch new peace talks has failed to find a way forward. Oil prices were little changed in the Asian trading session. Brent crude...
Walmart Inc. (WMT) revealed earnings for its first quarter that Increases, from last year The company's earnings came in at $5.330 billion, or $0.67 per share. This compares with $4.487 billion, or $0.56 per share, last year. Excluding items, Walmart Inc. reported adjusted earnings of $0.66 per...
Smiths Group plc (SMIN.L), an industrial technology and engineering company, on Thursday lowered its full-year organic revenue growth outlook to about 2%, citing continued disruption from the conflict in the Middle East. The company had previously guided for organic revenue growth of 3%-4%, excluding...
City Developments Limited (CDEVY) on Wednesday said its Singapore property development business remained resilient in the first quarter of 2026, although sales declined from the prior year due to fewer large-scale project launches. In Singapore, the group and its joint venture associates sold 242...
New residential construction in the U.S. pulled back sharply in April but still came in well above economist estimates, according to a report released by the Commerce Department on Thursday. The Commerce Department said housing starts slumped by 2.8 percent to an annual rate of 1.465 million in April after soaring by 12 percent to an upwardly revised rate of 1.507 million in March.
The Labor Department released a report on Thursday showing first time-claims for U.S. unemployment benefits unexpectedly edged lower in the week ended May 16th. The report said initial jobless claims dipped to 209,000, a decrease of 3,000 from the previous week's revised level of 212,000. Economists had expected jobless claims to inch up to 213,000.
The European Commission downgraded its growth outlook for the euro area economy citing the unprecedented disruption to global energy markets due to the conflict in the Middle East. In the Spring Economic Forecast, the commission said the currency bloc is set to grow 0.9 percent this year, slower than the 1.2 percent projected earlier. The forecast for next year was trimmed to 1.2 percent from 1.
UN General Assembly has adopted a resolution welcoming the advisory opinion of the International Court of Justice on the obligations of States in respect of climate change. The resolution calls on all UN Member States to take all possible steps to avoid causing significant damage to the climate and...
The United States announced that in partnership with Venezuela and the United Kingdom and with technical support from the International Atomic Energy Agency, it has successfully removed excess highly enriched uranium from Venezuela's shuttered RV-1 research reactor. The RV-1 was the country's first and only nuclear reactor, originally built for peaceful scientific research and later repurposed
Following the rally seen in the previous session, stocks may move back to the downside in early trading on Thursday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.3 percent. The downward momentum on Wall Street comes amid a sharp...
European stocks were flat to slightly higher on Thursday as investors digested Nvidia's strong earnings and monitored peace talks between the United States and Iran. As Iran reviews a new U.S. proposal to resolve the Middle East conflict, U.S. President Donald Trump said that negotiations could yield...
Asian stocks rose broadly on Thursday as U.S.-Iran peace talks entered a critical phase and Nvidia announced record quarterly profit and revenue amid explosive demand for its advanced AI chips. Gold dipped toward $4,500 an ounce in Asian trading, weighed down by a firm dollar and higher Treasury yields. Brent...
Shares of Advance Auto Parts, Inc. (AAP) are gaining about 17 percent in Thursday morning trading after the company reported first-quarter net income of $24.0 million or $0.40 per share, flat with the prior-year quarter. Meanwhile, adjusted earnings for the quarter was $0.77 per share, compared to adjusted...
The major U.S. Index futures are currently pointing to a lower open on Thursday, with stocks likely to give back ground following the rally seen in the previous session. The downward momentum on Wall Street comes amid a sharp increase in the price of crude oil and a subsequent rebound in treasury...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.
A mildly positive sentiment prevails in the cryptocurrency markets ahead of the release of the FOMC minutes as well as earnings update from AI giant NVIDIA.
President Donald Trump has announced an expansion of TrumpRx.gov to provide unprecedented price transparency and choice on generic medications that millions of Americans use every day. From now on, TrumpRx.gov will feature more than 600 generic medications. The White House said that Americans will be able to clearly and transparently understand the most competitive cash prices of their medicati
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.
The euro area private sector registered a renewed contraction in April as the war in the Middle East took its toll on business activity, flash survey data from S&P Global showed Thursday. The flash composite output index logged 47.5 in May, down from 48.8 in the previous month. The score was expected to remain stable at 48.8.
While the Federal Reserve's decision to once again leave interest rates unchanged last month was widely anticipated, the vote on the decision and the accompanying statement was unusually divided. The minutes of the Fed's April 28-29, released Wednesday afternoon, provided some additional details about officials' mixed views about the outlook for rates.
U.K. consumer price inflation eased more than expected in April reflecting the fall in energy bills due to the price cap but the slowdown is expected to be temporary given the spike in oil prices amid the ongoing war in the Middle East. Consumer price inflation slowed to 2.8 percent in April from 3.3 percent in March, the Office for National Statistics said Wednesday.
Bank Indonesia raised its benchmark interest rates by a larger-than-expected half percentage points on Wednesday, as it struggles to stabilize the rupiah exchange rate amid geopolitical tensions. The board of governors, governed by Perry Warjiyo, decided to hike the BI rate by 50 basis points to 5.25 percent.
The U.S. Food and Drug Administration issued warning letters to eight retailers for selling unauthorized tobacco products, including nicotine pouches and dissolvable tobacco products. The warning letters involve unauthorized tobacco products that have labeling, advertising, and/or design features...
People who are less physically fit may need to exercise 30 to 50 minutes more each week than fitter people to get the same heart health benefits, according to a new study. To reach this conclusion, researchers studied data from more than 17,000 adults in the UK between the ages of 40 and 69. The participants...
Research from Oregon Health & Science University (OHSU) showed that abortion bans in some states led to fewer women getting the recommended medical treatment for miscarriages. During the study, published in JAMA, researchers at OHSU noticed that doctors were using less medication treatment and more...
The U.S. Department of State has issued updated Level 4 travel advisories for all three countries affected by the recent Ebola outbreak. It warned American citizens or permanent residents not travel to the Democratic Republic of the Congo, Uganda, or South Sudan for any reason. Americans have been urged to remain vigilant of CDC guidelines on isolation and quarantine if they are departing the reg
In recent interview with CNBC, Jeff Bezos took the opportunity to stand up for wealthy Americans, express his support for artificial intelligence, and suggest that income taxes for the lowest earners in the U.S. should be eliminated.
James Murdoch is making a significant move in the U.S. media landscape by investing in Vox Media, grabbing most of the company's main editorial assets through his firm, Lupa Systems.
At Google I/O 2026, Alphabet Inc. (GOOG), rolled out a bold range of AI enhancements for its Search engine, showcasing more advanced AI models, self-sufficient search agents, and tailored mini apps meant to tackle complex tasks.
Shares of TJX Companies, Inc. were gaining around 4 percent in the pre-market activity after the off-price apparel and home fashions retailer on Wednesday issued positive outlook for second quarter and raised fiscal 2027 view, after reporting strong Q1 results. Further, the firm raised its range for share repurchases to $2.75 billion to $3.0 billion of TJX stock during Fiscal 2027.