Shares of hardware platform and supply chain solutions provider Celestica Inc. (CLS) are rising more than 16% Wednesday morning.Tuesday the company announced its decision to acquire PCI Limited, a fully integrated design, engineering and manufacturing solutions provider, for $306 million, to be paid in cash, from Platinum Equity.PCI is expected to bring in about $325 million of annual revenue in 2...
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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.