Tenaris S.A. (TS) announced that it has signed a definitive agreement to acquire 100% of the share capital of Artrom Steel Tubes S.A. from GLGH Steel, LLC, a U.S.-based company. The agreed purchase price is 86 million euros, structured on a cash-free and debt-free basis, and includes a normalized level...
Following the pullback seen over the course of the previous session, stocks showed a strong move back to the upside during trading on Friday. The tech-heavy Nasdaq led the way higher and reached a new record closing high along with the S&P 500.
The Commerce Department released a report on Friday showing a sharp increase in U.S. wholesale inventories in the month of March. The report said wholesale inventories shot up by 1.3 percent in March after climbing by an upwardly revised 0.9 percent in February.
Stocks have moved mostly higher during trading on Friday, more than offsetting the pullback seen over the course of the previous session. The tech-heavy Nasdaq has led the way higher, reaching a new record intraday high along with the S&P 500. Currently, the Nasdaq and the S&P 500 are hovering near their best levels of the day.
Consumer sentiment in the U.S. has deteriorated by more than anticipated in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 48.2 in May from 49.8 in April. Economists had expected the index to edge down to 49.3.
A closely watched report released by the Labor Department on Friday showed much stronger than expected U.S. job growth in the month of April. The Labor Department said non-farm payroll employment shot up by 115,000 jobs in April after surging by an upwardly revised 185,000 jobs in March. Economists had expected employment to climb by 63,000 jobs.
Modern card issuing platform Marqeta, Inc. (MQ) Thursday announced the appointment of Lukasz Strozek as Chief Technology Officer, effective May 18, 2026. Strozek has been working with LendingClub Corp., as CTO responsible for the engineering, product, and data organizations. He is a technology executive...
Madison Square Garden Sports Corp. (MSGS), on Friday posted a wider quarterly net loss even as revenue rose, driven by a sharp drop in operating income. For the third quarter, net loss widened to $19.98 million or $0.83 per share from $14.23 million or $0.59 per share last year. Operating income...
While reporting financial results for the first quarter on Friday, Oshkosh Corp. (OSK) maintained its earnings, adjusted earnings and net sales guidance for the full-year 2026. For fiscal 2026, the company continues to project earnings of $10.90 per share and its adjusted earnings of $11.50 per share...
Following the pullback seen over the course of the previous session, stocks may move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.6 percent. The futures climbed more firmly into positive...
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by much more than expected in the month of April. The Labor Department said non-farm payroll employment shot up by 115,000 jobs in April after surging by an upwardly revised 185,000 jobs in...
Alpha Metallurgical Resources, Inc. (AMR) reported a first quarter net loss of $11.03 million compared to a loss of $33.95 million, a year ago. Basic and diluted loss per common share was $0.86 compared to a loss of $2.60. Adjusted EBITDA increased to $30.0 million from $5.7 million. First quarter...
Friday, Telephone and Data Systems, Inc. (TDS) announced its first-quarter financial results, reporting a net income from continuing operations to common shareholders of $146.6 million, or $1.11 per share, compared with a net loss of $5.9 million, or $0.20 per share, in the prior year. Total operating...
Cresco Labs Inc. (CRLBF, CL.CN, 6CQ.MU), an American cannabis company, on Friday reported a wider loss for the first quarter, driven by decreased revenue. Quarterly net loss widened to $17.01 million from $15.23 million last year. Adjusted EBITDA came in at $32.90 million compared to $36.23 million...
Fidelity National Information Services, Inc. (FIS), on Friday reported higher net income in the first quarter of 2026 compared with the previous year. The company reiterated its full year 2026 outlook and updated second quarter 2026. For the first quarter, net income increased to $2.37 billion from...
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.