Tuesday, The Manitowoc Company, Inc. (MTW) announced the first-quarter financial results, reporting a net loss of $6.0 million, or $0.17 a share, compared to $6.3 million, or $0.18 a share, in the prior year. On an adjusted basis, loss amounted to $4.6 million, or $0.13 a share, compared to $5.7 million,...
After coming under pressure over the course of the previous session, stocks showed a strong move back to the upside during trading on Tuesday. The Nasdaq and the S&P 500 more than offset yesterday's losses, reaching new record closing highs. The major averages pulled back off their best levels going into the end of the day but remained firmly positive.
Stocks have moved mostly higher over the course of the trading day on Tuesday, more than offsetting the weakness seen in the previous session. With the upward move, the tech-heavy Nasdaq has reached a new record intraday high. Currently, the major averages are hovering near their best levels of the day.
New home sales in the U.S. saw a substantial increase in the month of March, according to a report released by the Commerce Department on Tuesday. The report said new home sales spiked by 7.4 percent to an annual rate of 682,000 in March after soaring by 8.9 percent to an annual rate of 635,000 in February. Economists had expected new home sales to come in at an annual rate of 668,000.
A report released by the Labor Department on Tuesday showed a modest decrease in U.S. job openings in the month of March. The Labor Department said job openings edged down to 6.866 million in March from an upwardly revised 6.992 million in February.
A report released by the Institute for Supply Management on Tuesday showed a slight slowdown in the pace of growth in U.S. service sector activity in the month of April. The ISM said its services PMI slipped to 53.6 in April after falling to 54.0 in March, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 53.7.
Amazon.com, Inc. (AMZN) and Transaera, a cooling and dehumidification systems provider, announced Tuesday a new collaboration following a successful six-month field trial of Transaera's rooftop-based cooling technology at an Amazon logistics facility. The extended trial demonstrated consistent energy...
With imports increasing by modestly more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of March. The Commerce Department said the trade deficit grew to $60.3 billion in March from a revised $57.8 billion in February.
Expeditors International of Washington, Inc. (EXPD), on Tuesday reported higher income in the first quarter of 2026 compared with the previous year, supported by strong execution during a period of disruption, with the company leveraging its non-asset-based model to grow revenue and margins, while quickly...
Cummins Inc. (CMI) said it is raising full-year 2026 revenue guidance to be up 8% to 11%, due to stronger demand across several markets, particularly North America on-highway and power generation. EBITDA is expected to be in the range of 17.75% to 18.50%, up from prior guidance of 17.0% to 18.0%, excluding...
While reporting financial results for the first quarter on Tuesday, Sotera Health, LLC (SHC) reaffirmed its adjusted earnings and revenue guidance for the full-year 2026. For fiscal 2026, the company continues to project adjusted earnings in the range of $0.93 to $1.01 per share on revenues between...
Gold prices rebounded on Tuesday after the plunge on Monday amidst the spike in crude oil prices.
Solaris Energy Infrastructure, Inc. (SEI), said Tuesday that its subsidiary Solaris Energy Infrastructure, LLC, a subsidiary of Solaris, intends to offer $1.3 billion of senior notes due 2031. The company plans to use the net proceeds to repay certain outstanding borrowings, pay related fees and...
Stocks may move to the upside in early trading on Tuesday, regaining ground after coming under pressure over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.5 percent. Early buying interest may be...
Tuesday, Johnson & Johnson (JNJ) announced Phase 2b data from two studies evaluating JNJ-4804 in patients with moderately to severely active ulcerative colitis or Crohn's disease. In the DUET-CD study, JNJ-4804a demonstrated higher clinical remission rates and endoscopic response rates than golimumab...
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.