Shares of Forgent Power Solutions, Inc. (FPS) gained 9% on Thursday morning after the company reported strong third-quarter results and raised full-year guidance. The stock is currently trading at $49.52, up $4.00 or 8.80%, on the NYSE. It opened at $50.01 after closing the previous session at $45.52. The stock has traded between $25.95 and $51.00 over the past 52 weeks.Forgent reported third-quar...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.