Subdued futures point to a flat to slightly negative start on Wall Street Wednesday morning. The focus will be on the Federal Reserve's monetary policy announcement due later in the day.
The U.S. Department of Energy's Oak Ridge National Laboratory, or ORNL, has launched Pathfinder, the first commercially procured quantum computer at the federally funded research and development center. Built and deployed by IQM Quantum Computers, the 20-qubit IQM Radiance system marks the superconducting hardware developer's first quantum computer installation in the United States. The deployme
Despite transport cost pressures, UK consumer price inflation remained stable in May, ahead of the Bank of England's policy announcement on Thursday. Consumer prices registered an annual increase of 2.8 percent, the same rate as seen in April, the Office for National Statistics said Wednesday. Prices were expected to climb 3.0 percent.
European stocks were subdued on Wednesday as caution gripped markets ahead of the U.S. Federal Reserve's interest-rate decision later in the day and the signing of a peace deal between Washington and Teheran on Friday in Switzerland. In economic releases, official data showed that U.K. consumer price...
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...
Siemens Energy AG (SMNEY.PK) and Neptun Smulders Offshore Renewables (NSORe) have been awarded a contract by German transmission system operator 50Hertz for the North Sea Connector 2 project, Siemens Energy said on Wednesday. The North Sea Connector 2 grid connection system will enable up to 2 gigawatts...
Gildan Activewear Inc. (GIL) shares fell 18.77% on Tuesday to close at $50.34 after a short seller report raised concerns about the company's sales practices and growth trends. The report, published by Jehoshaphat Research on June 16, alleged that Gildan had shipped excess inventory to distributors...
The value of core machinery orders in Japan was up a seasonally adjusted 8.7 percent on month in April, the Cabinet Office said on Wednesday - coming in at 1,098.5 billion yen. That exceeded expectations for an increase of 1.2 percent following the 9.4 percent drop in March. On a yearly basis,...
Japan posted a merchandise trade deficit of 378.673 billion yen in May, the Ministry of Finance said on Wednesday. That beat expectations for a shortfall of 564.6 billion yen following the downwardly revised 299.3 billion yen surplus in April (originally 301.9 billion). Exports climbed 17.0 percent...
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
Asian stocks ended mixed on Wednesday ahead of the U.S. Federal Reserve's interest rate decision under new Chair Kevin Warsh later in the day and Friday's signing of the U.S.-Iran interim peace agreement. The signing of the Memorandum of Understanding in Switzerland is likely to pave the way for a...
European stocks are seen opening on a cautious note on Wednesday as investors seek more clarity on the U.S.-Iran interim peace deal and await the U.S. Federal Reserve's interest-rate decision later in the day for new insights on policy signals under the new Fed Chair. Oil prices hovered near three-month...
Wednesday, Jazz Pharmaceuticals plc (JAZZ) announced a collaboration with AbCellera Biologics Inc. (ABCL) to discover and develop next-generation T-cell engaging multispecific antibodies. The preclinical research collaboration, option and license agreement will leverage AbCellera's antibody discovery...
The UK stock market's benchmark index FTSE 100 was hovering around the flat line about half an hour before noon on Wednesday with investors digesting the nation's inflation data while looking ahead to monetary policy announcements from the Federal Reserve and the Bank of England, due later today and tomorrow, respectively.
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.
A sentiment of cautious optimism reverberates in global markets ahead of the first FOMC led by the new Fed Chair Kevin Warsh and the potential forward guidance on interest rates. The interim peace deal between the U.S. and Iran also swayed market sentiment.
The Justice Department has announced charges against five men who were arrested for an alleged plot to carry out an attack at a White House event at the weekend. According to FBI, the accused were planning to kill government officials and others attending the Ultimate Fighting Championship Freedom 250 event held at the White House on Sunday. The FBI launched an investigation into the plot and
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.
Consumer and producer prices data from the UK is top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer and producer prices for May. Inflation is expected to rise to 3.0 percent from 2.8 percent in April. Output price inflation is seen unchanged at 4.0 percent in May.
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.
The Commerce Department released a report on Tuesday showing another steep drop in new residential construction in the U.S. in the month of May. The report said housing starts plunged by 15.4 percent to an annual rate of 1.177 million in May after tumbling by 8.5 percent to a revised rate of 1.392 million in April.
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.
A large scientific review suggests that sleeping too little or too much may not significantly raise overall cancer risk, challenging long-held assumptions about the role of sleep in cancer development.
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.
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...