Carvana, the online retailer that revolutionized the used-car market, is making a bold move into new vehicle sales by acquiring seven franchised dealerships. Experts in the industry suggest this could significantly change the traditional auto retail landscape in the U.S.
Elon Musk's spaceflight company Space Exploration Technologies Corp. or SpaceX (SPCX) announced Tuesday that its wholly-owned subsidiary X67, Inc. has agreed to merge with and into Cursor, the artificial intelligence (AI) coding startup developed by Anysphere, Inc., in an all-stock deal valued at about $60 billion.
Yum! Brands, Inc. announced Tuesday its definitive agreement to sell its popular brand Pizza Hut in two separate deals for $2.7 billion in the aggregate, subject to certain purchase price adjustments. Further, the firm's Board of Directors approved an incremental $4 billion share repurchase authorization, which will be conducted with the net after-tax proceeds.
KFC is kicking off a big global makeover aimed at drawing in a younger crowd, focusing on boneless chicken options, a wider range of sauces, and revamped restaurant designs, especially as the competition heats up in the fast-growing chicken market.
McDonald's is making a splash by bringing back one of its most cherished items the original Fried Apple Pie for a limited run after being gone for over three decades.
Google has launched Android 17, introducing new multitasking, gaming, productivity, and security features. The latest Android update will roll out first to eligible Pixel devices and expand to other Android smartphones later in 2026. One of the headline additions is Bubbles, which allows users to...
CME Group (CME) announced its Chairman and CEO Terry Duffy will transition to Executive Chairman on March 1, 2027. Lynne Fitzpatrick, currently President and CFO, will be named CEO and will join the Board. Since joining CME Group in 2006, Fitzpatrick has held a variety of positions with increasing levels...
Deswell Industries Inc (DSWL) reported earnings for full year that Dropped, from last year The company's bottom line totaled $10.63 million, or $0.67 per share. This compares with $11.14 million, or $0.70 per share, last year. The company's revenue for the period fell 9.3% to $61.33 million from...
The Progressive Corporation (PGR) on Wednesday reported net income of $1.445 billion or $2.47 per share for May 2026, up 36% from $1.065 billion or $1.81 per share in the prior-year period. Net premiums earned increased 10% to $7.361 billion. The insurer's combined ratio improved to 82.1 from 86.9. PGR...
Aker BioMarine ASA (AKBM.OL), a manufacturer of krill derived products for wellness, Wednesday announced that it has signed a 24/7 renewable energy agreement with ENGIE SA (ENGI.PA), an energy company. Through this agreement, ENGIE delivers 100 percent renewable energy through its 24/7 offering, matching...
U.S. private equity firm KKR & Co. Inc. (KKR) on Wednesday announced that it would commit $1.4 billion of equity to expand its aircraft leasing portfolio in partnership with Altavair, its third such deal with the commercial aviation lessor. The investment will primarily come from KKR's Infrastructure...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
Sernova Biotherapeutics, Inc. (SVA.TO), a regenerative medicine company, announced Wednesday that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation for autologous islet transplantation (AIT) for the prevention of diabetes due to total pancreatectomy. Sernovas proprietary...
SOPHiA GENETICS SA (SOPH), an AI-driven precision medicine company, on Tuesday announced pricing of an underwritten public offering. The company is issuing 6,508,650 ordinary shares at a public offering price of $4.75 per share. Additionally, the company is offering underwriters a 30-day option...
Trinity Biotech plc (TRIB), a commercial-stage biotechnology company, on Tuesday reported a narrower net loss and higher revenue for the first quarter ended March 31, 2026, and provided updates for upcoming events in 2026. Shares fell over 15% in Tuesday's trade. Q1 2026 Net loss for this quarter...
Opus Genetics Inc. (IRD), a clinical-stage biopharmaceutical company, on Tuesday provided updates on various gene therapies under development for the treatment of inherited retinal diseases (IRDs). The data was presented at the Research and Development (R&D) Science Forum conducted by the company. Pipeline...
Redcare Pharmacy N.V. (SAE1.F, RDC.DE) Monday raised its full-year 2026 guidance after reporting stronger-than-expected trading during the first two months of the second quarter, driven by accelerating growth in both prescription (Rx) and non-prescription (non-Rx) sales. The online pharmacy operator...
Retail sales in the U.S. increased by much more than expected in the month of May, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales grew by 0.9 percent in May after rising by a downwardly revised 0.4 percent in April. Economists had...
Sweden's central bank left its interest rate unchanged on Wednesday but the bank hinted at raising the rate later this year. The Executive Board of Riksbank decided to hold the policy rate at 1.75 percent. "… it is well-balanced to leave the policy rate unchanged at 1.75 percent now, but the...
South Africa's retail sales growth moderated to the lowest level in just over one and a half years. Retail sales registered an annual increase of 1.3 percent in April, slower than the 2.5 percent rise in March. The slowdown in growth was largely due to a 0.7 percent fall in sales of textiles, clothing, and footwear and leather goods.
Ireland's foreign trade surplus decreased in May from a year ago as exports plunged amid a surge in imports. On an unadjusted basis, the trade surplus declined to EUR 5.3 billion in May from EUR 10.5 billion in the corresponding month last year. Exports logged an annual fall of 13.2 percent in May, while imports jumped by 22.0 percent. Exports to the US declined 45.1 percent.
U.S. home goods retailer Bed Bath & Beyond, Inc. (BBBY) on Wednesday announced that it has signed an agreement to acquire Fathom Holdings Inc (FTHM), a technology-driven residential real estate services platform. Bed Bath & Beyond did not disclose financial terms of the deal. Fathom's platform...
The world is preparing for the much awaited news of Space Exploration Technologies Corp. or SpaceX, tech visionary Elon Musk's brain child, starting trading on the U.S. Market for the first time. The initial public offering or IPO, which is deemed to be the largest stock market debut in history, is making Musk world's first trillionaire.