Stocks are turning in a mixed performance during trading on Wednesday, with the major averages moving in starkly opposite directions. While the tech-heavy Nasdaq has climbed firmly into positive territory, the Dow has moved to the downside.
Crude oil inventories in the U.S. decreased by much more than expected in the week ended May 8th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories slumped by 4.3 million barrels last week after falling by 2.3 million barrels in...
Lifestyle brand Urban Outfitters, Inc. (URBN) and DoorDash, Inc. (DASH) announced Wednesday a nationwide partnership to expand on-demand retail services. DoorDash is a local commerce platform connecting consumers with neighborhood businesses and services. The partnership enables Urban Outfitters to...
Following yesterday's consumer price inflation data, the Labor Department released a separate report on Wednesday showing producer prices in the U.S. shot up by much more than expected in the month of April. The Labor Department said its producer price index for final demand jumped by 1.4 percent in April after climbing by an upwardly revised 0.7 percent in March.
Gilat Satellite Networks Ltd. (GILT, GILT.F), a provider of satellite-based broadband communications, on Wednesday reported a first quarter profit versus a loss a year earlier as revenues increased. On the Nasdaq, shares of Gilat Satellite currently trading 22.16 percent lower at $15.41 Quarterly...
Infrastructure company Ferrovial SE (FER) announced Wednesday it has been selected by the Texas Department of Transportation (TxDOT) to design, build, and maintain the SH 99 Grand Parkway Segment B-1 project southeast of Houston, Texas. The contract is valued at approximately $1.47 billion. The nearly...
Shares of Eos Energy Enterprise (EOSE) are gaining around 7 percent after the energy storage solutions company posted growth in the first quarter on Wednesday. The company further reaffirmed its full-year revenue guidance of $300 million to $400 million. For the first quarter, Net income rose sharply...
Arrow Electronics, Inc. (ARW) on Wednesday said its board has approved a new share repurchase program of up to $1 billion, effective May 12, 2026, replacing the current plan. Shares of Arrow Electronics, which sources and engineers technology solutions for manufacturers and service providers, rose...
IBEX Ltd. (IBEX), on Wednesday, announced a share repurchase program authorizing the company to buyback up to $20 million of its common stock over the next 12 months. IBEX said the repurchase program will be funded through existing cash balance and free cash flow. Chief Executive Officer Bob Dechant...
Following the weakness seen in the previous session, stocks may move in opposite directions in early trading on Wednesday. The major index futures are currently pointing to a mixed open for the markets, with the Nasdaq futures up by 0.3 percent but the S&P 500 futures down by 0.1 percent and the Dow...
Nebius Group N.V. (NBIS), a Dutch AI cloud company, reported Wednesday a profit in its first quarter compared to prior year's loss, benefited by a one time gain and significantly higher revenues. In the pre-market activity on Nasdaq, the shares were climbing around 15.89 percent to trade at $207.57,...
U.S. Transportation Secretary Sean P. Duffy has announced that the Federal Aviation Administration has successfully implemented phase one of an overhaul of the "Notices to Airmen (NOTAM)" system. This system — which is decades old — is essential to facilitating air travel because it provides pilots with...
A U.S. Federal court has indicted Singapore-based ship management company Synergy Marine over the deadly collapse of the Francis Scott Key Bridge in Maryland two years ago. Prosecutors filed criminal charges against Synergy Marine Private Ltd. based in Singapore, and Synergy Maritime private Ltd,...
Following yesterday's consumer price inflation data, the Labor Department released a separate report on Wednesday showing producer prices in the U.S. shot up by much more than expected in the month of April. The Labor Department said its producer price index for final demand jumped by 1.4 percent...
Assertio Holdings, Inc. (ASRT), on Wednesday, announced that Zydus Worldwide DMCC, a subsidiary of Zydus Lifesciences Ltd. (ZYDUSLIFE.BO, ZYDUSLIFE.NS), agreed to acquire Assertio for approximately $166.4 million in cash, or $23.50 per share. The transaction is expected to close in the second quarter...
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.