Following the mixed performance seen in the previous session, stocks may show a lack of direction in early trading on Wednesday. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by just 0.1 percent. Traders may be reluctant to make...
U.S. home goods retailer Bed Bath & Beyond, Inc. (BBBY) on Wednesday announced that it has signed an agreement to acquire Fathom Holdings Inc (FTHM), a technology-driven residential real estate services platform. Bed Bath & Beyond did not disclose financial terms of the deal. Fathom's platform...
CME Group (CME) announced its Chairman and CEO Terry Duffy will transition to Executive Chairman on March 1, 2027. Lynne Fitzpatrick, currently President and CFO, will be named CEO and will join the Board. Since joining CME Group in 2006, Fitzpatrick has held a variety of positions with increasing levels...
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...
Retail sales in the U.S. increased by much more than expected in the month of May, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales grew by 0.9 percent in May after rising by a downwardly revised 0.4 percent in April. Economists had...
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...
U.S. private equity firm KKR & Co. Inc. (KKR) on Wednesday announced that it would commit $1.4 billion of equity to expand its aircraft leasing portfolio in partnership with Altavair, its third such deal with the commercial aviation lessor. The investment will primarily come from KKR's Infrastructure...
Sernova Biotherapeutics, Inc. (SVA.TO), a regenerative medicine company, announced Wednesday that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation for autologous islet transplantation (AIT) for the prevention of diabetes due to total pancreatectomy. Sernovas proprietary...
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
On a day superstars went on a goal scoring spree, Argentinian football maestro Lionel Messi's hat-trick lit up one of this World Cup's most spectacular first round matches. Hours after France's Kylian Mbappe and Norway's Erling Haaland led their teams to authentic wins in Group I with two goals each, it was Messi who shined brightest of them all as he inspired defending champions Argentina to a
Adaptive Biotechnologies Corporation (ADPT) on Wednesday said it has priced an upsized private offering of $300 million of 0% convertible senior notes due 2031. The offering, increased from the previously announced $250 million, is expected to close on June 22, 2026. The company also granted the...
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
Accenture Plc (ACN) on Wednesday announced an agreement to acquire Alfahealth, a subsidiary of Engineering Group, for undisclosed consideration. The transaction is subject to customary closing conditions. The acquisition is expected to strengthen Accenture's healthcare capabilities in Italy by...
Uber Technologies, Inc. (UBER) and autonomous driving technology company WeRide Inc. (WRD) on Wednesday said they plan to launch Robotaxi services in the Greater Zurich region later this year, marking their second joint deployment in Europe after recently announcing a service in Madrid. WeRide said...
Rivian Automotive Inc. (RIVN) said it is laying off hundreds of employees, representing less than 2% of its workforce, as the electric vehicle maker seeks to improve profitability. The layoffs, first reported by The Wall Street Journal, affect certain teams in the service and customer operations segments....
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.