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  • Everpure Turns To Profit In Q1, Lifts FY27 Outlook, But Stock Down May 28, 2026 04:55 ET

    Shares of Everpure, Inc. (P) were losing around 8% in pre-market trading, despite reporting profit in the first quarter of fiscal 2027 compared with a loss a year earlier, and raising its full-year 2027 outlook. For the first quarter, net income came in at $24.08 million, compared to loss of $14...

  • Snowflake Q1 Loss Narrows, Sees Growth In Q2, Lifts FY27 Outlook; Stock Climbs May 28, 2026 04:27 ET

    Shares of Snowflake Inc. (SNOW) were gaining around 36 percent in the pre-market activity on the NYSE, after the AI Data company late Wednesday reported a reduced net loss for the first quarter with strong growth in revenues amid the increasing AI momentum. Further, the firm issued second-quarter...

  • Fluidra CFO Xavier Tintoré To Step Down; Appoints Juan Graham As Successor May 28, 2026 03:36 ET

    Fluidra SA (FLUIF, FDR.MC), a pool and wellness industry company, on Thursday announced that Chief Financial Officer Xavier Tintoré will step down from the role on August 1, and appointed Juan Graham as successor, effective June 1. Graham will join the company's Executive Committee and work closely...

  • Johnson Matthey FY Pretax Profit From Cont. Ops. Declines; To Acquire CORMETECH May 28, 2026 03:18 ET

    Johnson Matthey (JMAT.L) reported fiscal year profit before tax from continuing operations of 91 million pounds compared to 403 million pounds, last year. Loss per ordinary share from continuing operations was 53.9 pence compared to profit of 175.5 pence. Underlying operating profit from continuing operations...

  • FedEx Freight Holding To Join S&P 500 May 28, 2026 02:25 ET

    S&P Dow Jones Indices said it will make changes to the S&P 500, S&P SmallCap 600. FedEx Freight Holding (FDXF) will replace EPAM Systems (EPAM) in the S&P 500, and EPAM Systems will replace Shutterstock (SSTK) in the S&P SmallCap 600 effective prior to the opening of trading on June 2. S&P 500 &...

  • SSE Plc FY Pretax Profit Declines; Reiterates Adj. EPS Outlook May 28, 2026 02:18 ET

    SSE plc (SSE.L) reported fiscal year pretax profit of 1.84 billion pounds, a decline of 1% from last year. Earnings per share was 105.5 pence compared to 108.2 pence. Adjusted operating profit was 2.24 billion pounds, down 8% from last year. Adjusted earnings per share was 153.5 pence compared to 161.3...

  • Link REIT FY26 Loss Widens; Guides FY27 May 28, 2026 02:10 ET

    Link Real Estate Investment Trust (LKREF, 0823.HK) on Thursday reported a wider loss for the full year 2026 compared with the previous year. For the full year 2026, net loss widened to HK$7.40 billion from HK$8.86 billion in the previous year. Loss per share was HK$2.86 versus $HK3.45 last year....

  • Toyota Motor April Total Worldwide Sales Down 3.7% YoY May 28, 2026 01:56 ET

    Toyota Motor Corporation (TM, TYT.L, 7203.T) reported April total worldwide sales of 9,02,015 units, down 3.7 percent from a year ago. Toyota, includiung Lexus, reported worldwide sales of 8,49,306 units, a decline of 3.1 percent from last year. April total worldwide production was 9,33,685 units,...

  • DTE Energy Announces $1.6 Bln Investment In Michigan's Clean Energy, Partnering With LG Energy May 28, 2026 01:55 ET

    DTE Energy (DTE) announced a $1.6 billion investment in Michigan's clean energy, partnering with LG Energy Solution Vertech, Inc. to develop Michigan-made battery energy storage systems across the state. "The procurement agreement will support eight projects with battery systems delivered over a two-year...

  • Dell Federal Systems Wins $9.69 Billion DOW Software Agreement To Simplify Microsoft Licensing May 28, 2026 01:49 ET

    Dell Federal Systems, L.P. (DELL) Thursday said that it has secured a single-award, firm-fixed-price Blanket Purchase Agreement or BPA under the Department of War or DOW Enterprise Software Initiative. The agreement has an estimated total value of $9.69 billion, the company added. According to Dell...

  • Boeing Wins $854.7 Mln U.S. Navy Contract Modification For P-8A Aircraft May 28, 2026 01:41 ET

    The Boeing Company (BA) was awarded an $854.7 million contract modification from the U.S. Navy for the production and delivery of four P-8A Lot 13 aircraft for Foreign Military Sales customers, the U.S. Department of War said in a release. The modification also includes additional non-recurring engineering...

  • FedEx Freight Holding To Replace American Airlines In DJTA May 28, 2026 01:33 ET

    FedEx Freight Holding Company (FDXF) will replace American Airlines Group Inc. (AAL) in the Dow Jones Transportation Average effective prior to the open of trading on June, 1, 2026. Dow Jones Transportation Average constituent FedEx Corp. (FDX) is spinning off FedEx Freight Holding Company in a transaction...

  • Synopsys Appoints Jesse Cohn To Board Under Elliott Cooperation Agreement May 28, 2026 01:20 ET

    Synopsys, Inc. (SNPS), a provider of design IP solutions in the semiconductor and electronics industries, on Wednesday announced the appointment of Jesse Cohn to its board of directors as an independent director, effective June 1, under a cooperation agreement with Elliott Investment Management. Cohn...

  • Mainfreight FY26 Net Profit Down, Revenues Rise; Says Confidend Of FY27; Stock Gains May 28, 2026 01:18 ET

    Mainfreight Limited (MFGHF, MFT.NZ), a New Zealand logistics and transport company, reported Thursday lower profit in fiscal year 2026, mainly due to higher labour and other expenses, despite higher revenues. Further, the firm announced dividend, and said it is confident of improved trading in fiscal...

  • U.S. Stocks Finish Choppy Trading Day Modestly Higher May 27, 2026 16:14 ET

    Stocks turned in a relatively lackluster performance during trading on Wednesday but managed to end the day modestly higher. The Dow led the way higher, reaching a new record closing high along with the Nasdaq and S&P 500. The major averages all ended the day in positive territory.

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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