A U.S. district judge has given the green light for a proposed $38 billion settlement tied to Visa Inc. (V) and Mastercard Incorporated( MA), stemming from a long-standing antitrust lawsuit filed by over 12 million merchants concerning credit card processing fees.
Honda Motor Co Ltd. (HMC) is recalling more than 880,000 SUVs and pickup trucks in the U.S. due to a rear suspension problem that could raise the risk of a crash.
General Motors Company (GM) is ramping up its battery and energy storage plans to tap into the increasing demand for electricity, particularly fueled by artificial intelligence and the rise of data centers.
Senator Elizabeth Warren has reached out to the U.S. Securities and Exchange Commission (SEC), urging them to hold off on SpaceX's upcoming initial public offering (IPO).
Commerzbank AG (CBK.DE) on Wednesday raised concerns regarding UniCredit's (CRIN.DE) takeover offer, saying shareholder data continues to show no evidence of institutional investor support despite the offer's acceptance level reaching 10.95%. According to information collected from custodian banks,...
Kemira Oyj (KMRAF.PK) on Wednesday said it has lowered its 2026 profitability outlook, citing higher raw material and logistics costs resulting from the prolonged war in Iran and weaker-than-expected demand in its key customer industries. Kemira now expects full-year operative EBITDA to be between...
ASICS Corporation (ASCCY) said Wednesday that it will transfer its Onitsuka Tiger business to OT Group Corporation, a subsidiary of the company, through an absorption-type company split effective January 1, 2027, to support the continued growth of the luxury lifestyle brand. The Japanese sportswear...
South Korea will on Thursday release jobless figures for May, highlighting a light day for Asia-Pacific economic activity. In April, the unemployment rate was 2.8 percent. Malaysia will see unemployment numbers for April; in March, the jobless rate was 2.9 percent. Indonesia will release April...
In a widely expected move, the Bank of Canada announced on Wednesday that it has once again decided to leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased in line with economist estimates in the month of May. The Labor Department said its consumer price index rose by 0.5 percent in May after climbing by 0.6 percent in April. The price growth matched expectations.
The U.S. House of Representatives has passed by a narrow majority the Secure America Act, locking in a roughly $70 billion package to fund Immigration and Customs Enforcement and Customs and Border Patrol for the full remainder of the Trump administration's term. Every Democrat in the House and Rep. Kevin Kiley, an independent who caucuses with the Republicans, voted against the bill, but it pas
The UN Security Council met on Monday amid a sharp escalation in hostilities across Ukraine, and UN officials warned that the war has reached its deadliest point since Russia's full-scale invasion in 2022. Briefing members, Rosemary DiCarlo, Under-Secretary-General for political affairs, said recent months had seen some of the most extensive aerial attacks of the conflict, while the humanitarian
Ukraine President Volodymyr Zelensky and the leaders of three European major powers have called on Russian President Putin to agree to an immediate and complete ceasefire. UK Prime Minister Keir Starmer, French President Emmanuel Macron and German Chancellor Friedrich Merz met with President Zelensky in London to reiterate their unwavering support for Ukraine in its defense against Russia's inva
Stocks showed a lack of direction early in the session on Wednesday but came under considerable selling pressure over the course of the trading day. The major averages all showed significant moves to the downside. The major averages ended the day just off their lows of the session.
European stocks closed broadly lower on Wednesday amid lingering concerns about Middle East tensions and continued weakness in the technology sector. Also, investors digested U.S. inflation data that came in line with expectations and looked ahead to the European Central Bank's policy announcement on Thursday.
Asian stocks ended mostly lower on Wednesday as Middle East tension flared again and regional inflation data underscored persistent price pressures. Traders also awaited cues from key U.S. CPI data that might show inflation at a three-year high in May. The dollar was steady, while gold prices tumbled...
Fold Holdings, Inc. (FLD) shares climbed 26.21 percent, gaining $0.1608 to $0.7729 on Wednesday after the bitcoin financial services company announced a series of capital transactions aimed at strengthening its balance sheet and supporting future growth.
Canadian stocks moved mostly lower on Wednesday after U.S. retaliation to Iran's downing of a U.S. helicopter and Iran's counter-attacks, led investors to wind up expectations on an amicable U.S.-Iran peace deal and an early reopening of the Strait of Hormuz.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.
Renewed fears about tech valuations, the fresh escalation in hostilities in the Middle East as well as anxiety ahead of the upcoming CPI data release from the U.S. weighed on global market sentiment.
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.
China's consumer prices logged a steady growth in May and producer price inflation accelerated to its highest level in nearly four years on higher energy costs, official data showed Wednesday. Consumer prices increased 1.2 percent year-on-year in May, the same rate as seen in April, the National Bureau of Statistics said.
A report released by the National Association of Realtors on Tuesday showed existing home sales in the U.S. spiked by much more than anticipated in the month of May. NAR said existing home sales surged by 3.2 percent to an annual rate of 4.17 million in May after climbing by 0.8 percent to an upwardly revised rate of 4.04 million in April.
The Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed roughly in line with economist estimates in the month of April. The report said the trade deficit shrank to $55.9 billion in April from a revised $56.6 billion in March. Economists had expected the trade deficit to decrease to $55.8 billion from the $60.3 billion originally reported for the previous month
Germany's industrial production expanded for the first time in five months in April but the growth remained moderate as geopolitical tensions clouds outlook. Industrial output increased 0.4 percent on a monthly basis, in line with expectations but in contrast to the revised 0.1 percent fall in March, data from Destatis revealed Tuesday. Moreover, this was the first growth since November.
A major new review published in Critical Reviews in Food Science and Nutrition has looked at common beliefs about how much protein people need and the health benefits it provides. The study, titled Examining Widely Held Propositions on Human Dietary Protein Needs and Benefits, was based on an international...
The U.S. Food and Drug Administration has added bemotrizinol to the list of permitted sunscreen active ingredients, marking a significant milestone in the agency's efforts to advance sunscreen innovation. Bemotrizinol is the first new active ingredient added to the over-the-counter sunscreen monograph...
Seed Junky Genetics, known for its cannabis genetics and intellectual property, is breaking into the European medical cannabis scene, teaming up with Green Success Group to kick off operations in Germany and the UK.
A recent case report revealed that an 80-year-old woman with Alzheimer's disease showed improvements in her cognitive abilities after receiving several doses of psilocybin-containing mushrooms. The report, published in the journal Frontiers in late May, focused on a Japanese American woman who has...
Paramount Skydance Corporation (PSKY) has accused Netflix of running a "scorched-earth campaign" against its proposed $111 billion bid for Warner Bros. Discovery, as revealed in a letter to the U.S. Department of Justice.
Stellantis N.V. (STLA) is pulling back over 1.3 million vehicles globally because of a possible fire hazard affecting certain Jeep Wrangler SUVs and Jeep Gladiator trucks.
Shares of Nuvalent, Inc. were surging around 39 percent in the pre-market activity on the Nasdaq, after the clinical-stage biopharma company focused on cancer therapies agreed to be acquired by British drug major GSK plc, in a deal valued at $10.6 billion or 8.0 billion pounds. Further, GSK maintained its 2026 guidance range of 7 percent to 9 percent growth in core operating profit and core EPS.
OpenAI, the maker of popular chatbot ChatGPT, announced that it has recently filed confidentially with the U.S. Securities and Exchange Commission for potential initial public offering, thus entering the IPO race by major players in the artificial intelligence or AI industry. The firm said it is yet to decide on the timing.