Yahoo! (YHOO) has raced higher throughout most of the last hour of trading amid a pickup in volume. The jump comes on reports that billionaire investor Carl Icahn may launch a proxy fight with the company.
The stock has taken back Monday's losses and has crossed its 200-day moving average, up $1.11 at 26.37.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.