New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday. The New York Fed said its general business conditions index shot up to 19.6 in May from 11.0 in April, with a positive reading indicating growth. The increase surprised economists, who had expected the index to pull back to 7.8.
The Federal Reserve released a report on Friday showing industrial production in the U.S. rebounded by much more than anticipated in the month of April. The report said industrial production climbed by 0.7 percent in April after falling by a revised 0.3 percent in March. Economists had expected...
Creative Realities, Inc. (CREX), a provider of digital signage, media and AdTech solutions, on Friday reported loss for the first quarter as rising revenue was offset by higher operating expenses. In pre-market activity on the Nasdaq, shares of Creative Realities were down 10.99 percent, changing...
Hancock Whitney Corp. (HWC, HWCPZ), on Friday announced an agreement to acquire OFB Bancshares, Inc., the parent company of One Florida Bank, in an all-cash transaction for undisclosed consideration. The deal is expected to close in the third quarter of 2026. Hancock Whitney said the deal is expected...
The Centers for Disease Control and Prevention has said that currently 41 people across the U.S. are under monitoring for suspected hantavirus infection. They include passengers who were recently repatriated from the hantavirus-hit cruise ship MV Hondius in Tenerife, and are now in ASPR Regional Emerging...
Stocks are likely to come under pressure in early trading on Friday, giving back ground after ending the previous session mostly higher. The major index futures are currently pointing to a sharply lower open for the markets, with the S&P 500 futures down by 1.2 percent. Profit taking may contribute...
New York manufacturing activity grew strongly in the month of May, the Federal Reserve Bank of New York said in a report released on Friday. The New York Fed said its general business conditions index jumped to 19.6 in May from 11.0 in April, with a positive reading indicating growth. The increase...
While reporting financial results for the second quarter on Friday, RBC Bearings Inc. (RBC) said it expects net sales for the first quarter of fiscal 2027 in a range of approximately $500.0 million to $510.0 million. In Friday's pre-market trading, RBC is trading on the NYSE at $621.00, up $8.98 or...
The United States announced that in partnership with Venezuela and the United Kingdom and with technical support from the International Atomic Energy Agency, it has successfully removed excess highly enriched uranium from Venezuela's shuttered RV-1 research reactor. The RV-1 was the country's first and only nuclear reactor, originally built for peaceful scientific research and later repurposed
President Donald Trump says China has agreed to buy oil from the United States amid disruptions in oil transit through the Strait of Hormuz. "We're going to start sending Chinese ships to Texas and to Louisiana and to Alaska," he said in an interview with Fox News ahead of concluding his state visit to China. "It's the one thing they really need - energy. We have unlimited energy," the president
Protara Therapeutics, Inc. (TARA) on Friday announced positive updated 12-month data from the Phase 2 ADVANCED-2 study evaluating TARA-002 in certain patients with non-muscle invasive bladder cancer (NMIBC). The study is evaluating intravesical TARA-002 in patients with carcinoma in situ who are Bacillus...
A2Z Cust2Mate Solutions Corp. (AZ) a Canada based technology company, on Friday posted a wider quarterly net loss even as revenue rose, compared to the prior year. In pre-market activity on the Nasdaq, shares of A2Z Cust2Mate Solutions were down 7.59 percent, changing hands at $6.21, after closing...
Drybulk shipowner Genco Shipping & Trading Limited (GNK) on Friday said its board rejected an unsolicited tender offer from Diana Shipping Inc. to acquire the company for $23.50 per share in cash. The board said the offer significantly undervalues the company and is below the mean analyst NAV estimate...
Kioxia Holdings Corp.(285A.T), a Japanese maker of flash memory and SSDs, Friday reported significantly higher profit for the fiscal year ended March 31, 2026 with strong growth in revenues with high demand for AI. Further, the company projects a surge in first-quarter profit and revenues. For fiscal...
Japan Post Bank Co., Ltd. (7182.T), on Friday reported profit growth for fiscal 2026 as consolidated gross operating profit advanced. For fiscal 2026, Net loss attributable to owners of parent increased 111.2 billion Japanese yen to 525.5 billion yen from 414.3 billion yen last year. Net interest...
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.