A report released by the Energy Information Administration on Wednesday showed crude oil inventories in the U.S. tumbled by much more than expected in the week ended June 12th. The EIA said crude oil inventories plunged by 8.3 million barrels last week after slumping by 7.2 million barrels in the...
Southwest Airlines Co. (LUV) announced Wednesday a partnership with Amazon Web Services (AWS) as its preferred cloud provider to modernize its technology foundation and evolve how the airline operates, builds, and is able to serve its customers. This is expected to help Southwest move faster and automate...
The U.S. Food and Drug Administration has approved another over-the-counter (OTC) intranasal naloxone product for the emergency treatment of opioid overdose. Consumers may directly purchase Rextovy, a 4 milligram naloxone hydrochloride nasal spray, without a prescription in places such as pharmacies,...
The United States has announced more than $1 billion in humanitarian and disaster response assistance to UNICEF and the World Food Program through new global macro awards, which cover life-saving support in more than 40 countries. This announcement builds directly on the success of the Trump Administration's...
In an effort to combat global drug and precursor chemical trafficking, the G7 summit has decided to create "7+ Ports Network to Combat Drug Trafficking'. The new initiative aims to reinforce cooperation between G7 members and their partners' main maritime ports in coordination with the European Ports...
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 expected retail sales to climb by 0.5 percent.
Alaska Airlines, a subsidiary of Alaska Air Group, Inc. (ALK), announced Wednesday the election of Shane Tackett to President and Chief Financial Officer of Alaska Airlines. The promotion expands Tackett's leadership role as the company continues to execute its long-term strategy for profitable growth...
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...
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.