After showing a lack of direction early in the session, stocks have moved mostly lower over the course of the trading day on Wednesday. The major averages have all moved to the downside, with the Nasdaq and the S&P 500 adding to the losses posted in the previous session. Currently, the major averages are off their worst levels of the day but still firmly negative.
Crude oil inventories in the U.S. decreased by much more than expected in the week ended June 5th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories slumped by 7.2 million barrels last week after tumbling by 8.0 million barrels...
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.
Warner Music Group Corp. (WMG) said Wednesday it has agreed to acquire Sureel AI as the music company looks to help artists, songwriters and other rightsholders get credit and compensation when their work is used in AI-generated content or to train AI models. Financial terms of the deal were not disclosed. Sureel's...
XD Inc. (2400.HK, XDNCF), a Chinese video game developer, publisher, and platform operator, on Wednesday announced an automatic share buyback program of up to HK$400 million. The buyback program is scheduled to run until November 11, unless completed earlier after the full HK$400 million amount is...
Property services firm FirstService Corp. (FSV, FSV.TO), announced on Wednesday that its Roofing Corp of America subsidiary has acquired Schefers Roofing, expanding its commercial roofing operations into the Kansas City market. Terms of the deal were not disclosed. Schefers Roofing, founded in 1995...
After ending yesterday's volatile session mostly lower, stocks may see further downside in early trading on Wednesday. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.5 percent. Concerns about a re-escalation of the conflict in the...
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...
Figure Technology Solutions, Inc. (FIGR), a financial technology company, on Wednesday announced a deal to acquire Kiavi, an AI-powered lending platform for residential real estate investors, for a total of $717 million. The transaction includes the purchase of Kiavi's balance sheet assets by a joint...
Mutares SE & Co. KGaA (MUX.F, MUX.DE) has signed an agreement to sell its portfolio company NEM Energy B.V. and subsidiary NEM Balcke-Dürr GmbH to Hyundai Heavy Industries Power Systems Co., Ltd, ultimately owned by MiCo Ltd. The parties have agreed not to disclose the purchase price and the contractual...
The European Commission has added Air Express Algeria to its EU Air Safety List, and banned the airliner from operating in the European Union skies. The European Commission said this decision is based on serious safety concerns identified during assessments conducted by EU aviation safety experts,...
Irish-based climate control company Trane Technologies plc (TT) announced on Wednesday that it has named Donny Simmons chief operating officer, effective July 1. Simmons succeeds Dave Regnery, who held the chief operating officer role before becoming chief executive in July 2021. Simmons, who...
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...
APA Corp. (APA) on Wednesday announced an agreement to acquire Savant Alaska, LLC for approximately $70 million in upfront consideration, prior to customary closing adjustments. The agreement also provides for contingent payments tied to future development of APA's eastern North Slope position in...
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
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.