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.
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.
Space Exploration Technologies Corp. (SPCX) has been on a remarkable roll since its IPO, briefly exceeding Amazon's market valuation on Tuesday and even outpacing Microsoft at one point. Investors are diving into the stock, especially with the launch of its new options market.
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...
Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), and Ridgeback Group have agreed to acquire Metra Living, the private rented sector housing business of London & Quadrant Housing Trust (L&Q), in a transaction valued at 1.045 billion pounds. The...
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.
Rathbones Group Plc (RAT.L) on Tuesday said it expects to incur about £60 million in costs over the next two years to address findings from a regulatory review of its UK Wealth Management business. The review, conducted following engagement with the Financial Conduct Authority (FCA), identified areas...
New Zealand posted a seasonally adjusted current account deficit of NZ$4.6 billion in the first quarter (NZ$1.01 billion unadjusted), Statistics New Zealand said on Wednesday. The current account deficit for the year ended March 2026 narrowed to NZ$16.3 billion (3.6 percent of GDP) compared with a...
Japan will on Wednesday release April figures for core machinery orders and May numbers for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. Core machinery orders are expected to rise 2.1 percent on month and 9.3 percent on year after sinking 9.4 percent...
A report released by the Labor Department on Tuesday showed import prices in the U.S. shot up by much more than expected in the month of May. The Labor Department said import prices jumped by 1.9 percent in May after leaping by an upwardly revised 2.0 percent in April.
On Tuesday, the UK has annuonced a major sanctions package aimed at choking off Russia's war effort across multiple fronts. The latest round of punitive action by the UK includes 70 new sanctions targeting Russia's illicit shadow fleet, military procurement supply chains, and illicit finance networks used to circumvent Wedtern sanctions. The sanctions further crack down on Russia's decrepit
French President Emmanuel Macron has announced that the G7 summit in France will discuss the long-term reopening of the Strait of Hormuz as part of the US-Iran deal, set for signing later this week. "The aim will be to see the consequences of this agreement, support for Lebanon, the lasting reopening of Hormuz and of course the concluding of an accord on nuclear and ballistic activities in Iran,"
The U.S. Supreme Court has denied the state of Alabama's appeal to execute death row inmate Jeffery Lee by nitrogen hypoxia. The Supreme Court issued an order Thursday refusing to overturn a federal court's ruling that nitrogen suffocation is unconstitutional, which means the convicted murderer's execution will be delayed. The State of Alabama appealed the ruling by two lower courts previously
The South Korea stock market has moved higher in four straight sessions, advancing more than 1,000 points or 12 percent along the way. The KOSPI now sits just above the 8,725-point plateau although investors figure to lock in gains on Wednesday. The global forecast for the Asian markets is soft, with...
Following the strong upward move seen over the past few sessions, the major U.S. stock indexes turned in a mixed performance during trading on Tuesday. While the Nasdaq and the S&P 500 gave back ground, the narrower Dow climbed to a new record closing high.
Stocks closed broadly higher in major European markets on Tuesday as investors remained hopeful about the U.S. and China signing a peace deal this week. Oil prices fell sharply amid prospects of reopening of the Strait of Hormuz sometime soon.
Shares of SANUWAVE Health, Inc. (SNWV) tumbled 40% on Tuesday morning after the company lowered its second-quarter revenue outlook, citing weakness in capital equipment sales for its Ultramist wound care system. The stock is currently trading at $8.75, down $5.92 or 40.35%, on the Nasdaq. It opened...
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.
Optimism surrounding the preliminary U.S.-Iran deal as well as uncertainty surrounding the actual terms of agreement swayed global market sentiment.
President Donald Trump has signed a proclamation to restore commercial fishing access to nearly half a million square miles in the Pacific. The proclamation restores commercial fishing access to the Mau and Ho'omalu Zones of the Papahanaumokuakea Marine National Monument, the Islands Unit of the Mariana Trench Marine National Monument, and the Rose Atoll Marine National Monument. Prohibiting co
June's FDA calendar offers plenty for investors to keep a close eye on. Among the key names are Spero Therapeutics, awaiting an FDA decision on its antibiotic for complicated urinary tract infections; Kiniksa Pharma, seeking approval for a technology transfer of the manufacturing process for Arcalyst drug substance; and Merck, pursuing the first FDA approval for its WELIREG - KEYTRUDA combination.
Economic sentiment in Germany returned to positive territory in June as financial market experts expect an end to the Iran conflict, survey results from the Mannheim-based Centre for European Economic Research, or ZEW, showed Tuesday. The ZEW indicator of economic sentiment advanced more-than-expected to 10.5 in June from -10.2 in the previous month. The score was seen at -5.8.
The Bank of Japan decided to raise its benchmark interest rate by a quarter-point to its highest level in 31 years, and to halt government bond purchase reductions next year. The policy board of BoJ voted 7-1 to raise the interest rate to 1.00 percent from 0.75 percent. The board signaled its commitment to further monetary policy tightening to support its price stability target.
China's retail sales declined for the first time since 2022 on subdued domestic demand and fixed asset investment logged a sharper-than-expected fall, while industrial production remained a bright spot, official data revealed Tuesday. Retail sales decreased 0.6 percent from a year ago in May, the National Bureau of Statistics reported.
The Reserve Bank of Australia left its benchmark interest rate unchanged on Tuesday as policymakers evaluate the effects of three consecutive rate hikes and the impact of oil supply disruption. The policy board, governed by Michele Bullock, unanimously voted to hold the cash rate target at 4.35 percent. The bank had lifted the policy rate by 25 basis points each in February, March and May.
Pregnant women in the United States are drinking alcohol more often than before, according to a new report from the Centers for Disease Control and Prevention. The report, based on national survey data, found that about 15% of pregnant women reported consuming alcohol in the previous 30 days between...
A large review published in the medical journal The BMJ has found that taking calcium supplements, vitamin D supplements, or both together offers little to no meaningful benefit in preventing fractures or falls in most older adults. To examine the evidence, researchers in Canada reviewed data from...
Ukraine has officially made its first sales of medical cannabis products, which is a big step for the country's healthcare system since the new law allowing their medical use just came into effect.
Renault Group has teamed up with Thales to create a new military vehicle, marking the automaker's push into the defense arena as European countries ramp up military spending due to rising geopolitical tensions.
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.
Space Exploration Technologies Corp. (SPCX) has boosted the funds from its historic initial public offering to a massive $85.7 billion, with underwriters deciding to exercise their overallotment option, as mentioned in an investor relations update released on Monday.
Fox Corp. (FOXA, FOX) Monday said it has agreed to acquire Roku Inc. (ROKU) in a cash-and-stock transaction valued at approximately $22 billion, combining Fox's sports, news, and entertainment assets with Roku's connected-TV platform. Under the terms of the agreement, Roku shareholders will receive...
Reddit has introduced a new feature that lets users post videos right in the comment sections, opening up even more ways for everyone to join in on discussions throughout the platform.