Growing optimism about a peace deal to end the Middle East war dragged down crude oil prices and the safe-haven dollar, helping the yellow metal climb above $4,733 on Wednesday.
Eli Lilly and Company (LLY) on Wednesday said it will invest an additional $4.5 billion across two of its three manufacturing sites in Indiana, taking its total capital commitment in the state since 2020 to more than $21 billion. The company is also opening its first genetic medicine facility today. The...
Icahn Enterprises L.P. (IEP) reported Wednesday a net loss attributable to Icahn Enterprises for the first quarter of $455 million or $0.71 per depositary unit, compared to $422 million or $0.79 per depositary unit in the prior-year quarter. Revenues for the quarter increased to $2.21 billion from...
Trimble Inc. (TRMB) said, for the full-year 2026, it expects to report revenue between $3.835 billion and $3.915 billion, GAAP earnings per share of $2.05 to $2.21, and non-GAAP earnings per share of $3.47 to $3.64. Previously, Trimble projected revenue between $3.81 billion and $3.91 billion, GAAP earnings...
Wednesday, Nuvation Bio Inc. (NUVB) announced that the U.S. Food and Drug Administration has accepted a supplemental New Drug Application with updated data for IBTROZI for the treatment of advanced ROS1-positive non-small cell lung cancer, with a target action date of January 4, 2027. The submission...
Crude oil prices plunged heavily on Wednesday amidst reports that a deal between the U.S. and Iran is nearing agreement. The massive decline in crude oil prices also followed key announcements regarding the U.S. temporarily halting Project Freedom aimed at guiding commercial vessels through the Strait of Hormuz and ending Epic Fury, the combat operations against Iran.
While reporting financial results for the first quarter on Wednesday, electric utility Exelon Corp. (EXC) affirmed its adjusted operating earnings guidance for the full year 2026 in the range of $2.81 to $2.91 per share. The company is also reaffirming its operating earnings compounded annual growth...
Stocks are likely to move to the upside in early trading on Wednesday, extending the advance seen over the course of the previous session. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.8 percent. Optimism about an end to the conflict...
While reporting financial results for the second quarter on Wednesday, Johnson Controls International plc (JCI) provided its adjusted earnings and organic sales growth guidance for the third quarter. The company also raised its outlook for the full-year 2026. For the third quarter, the company expects...
Hut 8 Corp. (HUT), an energy infrastructure platform, on Wednesday reported a wider loss for the first quarter compared to the prior year, even as revenues jumped. The deeper loss reflects a higher cost of revenues and a substantial increase in operating expenses. In the pre-market activity on the...
ChronoScale Corporation (CHRN) said on Wednesday that it has appointed Cenly Chen as chief executive officer to lead the next phase of AI compute growth. "The appointment comes as demand for AI compute infrastructure continues to accelerate, with increasing pressure on providers to deliver consistent...
HNI Corporation (HNI) reported a first quarter net loss attributable to HNI of $38.8 million compared to profit of $13.9 million, last year. Loss per share was $0.55 compared to profit of $0.29. Adjusted EPS was $0.34 compared to $0.44. Net sales were $1.3 billion, up 125% from prior year. On an...
While reporting financial results for the second quarter on Wednesday, gas utility Spire, Inc. (SR) now projects adjusted earnings from continuing operations in a range of $3.90 to $4.10 per share. Previously, the company expected adjusted earnings in the range of $5.25 to $5.45 per share, which...
Financial contributions from migrants remain substantial, and remittances are projected to reach $905 billion, including $685 billion to low and middle-income countries, says the new World Migration Report. Restricting migration does not stop people from moving. It often pushes them into more dangerous...
A hantavirus-hit Dutch cruise ship is reportedly sailing to Spain's Canary Islands to medically evacuate two crew members to make sure that they receive urgent medical care. A third person who had contact with the diseased German passenger will also be evacuated, media reports say. Hantavirus victims...
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.