LOGO
LOGO

breaking news

  • Halliburton Acquires InformatiQ June 02, 2026 06:39 ET

    Halliburton Company (HAL) on Tuesday said it has acquired InformatiQ AS, a Norway based software company that develops cloud-native applications for subsurface, drilling, well, and logistics data. Financial terms of the transaction were not disclosed. The company said the acquisition builds on...

  • Donaldson Narrows 2026 Guidance June 02, 2026 06:28 ET

    Donaldson Company (DCI) said its full-year results are forecast to include Facet-related sales of between $25 million and $30 million and net EPS dilution of approximately $0.03. Excluding this impact, organic adjusted full-year EPS is expected to be within a range of $3.94 and $4.01, reflecting an increase...

  • US Cuts Steel, Aluminum Duty For Companies That Heavily Utilize American Metals June 02, 2026 06:26 ET

    President Donald Trump has signed a Proclamation reducing import duty to 10% on steel, aluminum, and copper for foreign companies that heavily utilize American metals. Under the new U.S. trade policy, foreign products qualify for this reduced, preferential tariff rate if they contain at least 85 percent U.S.-melted/poured steel or smelted/cast aluminum and copper by weight. This preferential 10

  • UP Fintech Slips To Loss In Q1 June 02, 2026 06:20 ET

    UP Fintech Holding Ltd. (TIGR), an online brokerage firm, on Tuesday reported net loss for the first-quarter, compared with profit a year earlier. Total revenue increased from the previous period, despite higher expenses. For the first quarter net loss was $27.67 million or $0.010 per share, compared...

  • Denmark's Frederiksen To Form Center-left Coalition Govt. June 02, 2026 06:06 ET

    After weeks of intense negotiations, Denmark's acting prime minister Mette Frederiksen has announced that her Social Democratic Party has reached a consensus on forming a center-left coalition government. Frederiksen told reporters after meeting King Frederik X that she would present the new cabinet on Wednesday under her third term as prime minister. Frederiksen had resigned after the ruling So

  • Oil Prices Slide As Traders Assess Mixed Signals On US-Iran War June 02, 2026 05:40 ET

    Oil prices fell sharply on Tuesday, after having jumped more than 4 percent in the previous session amid ongoing uncertainty over talks between the United States and Iran to end their war and reopen the Strait of Hormuz. Brent crude futures for August delivery were down 1.7 percent at $93.35 a barrel,...

  • UN Warns Of The Onset Of Strongest El Nino In Decades June 02, 2026 05:13 ET

    Fueled by unusually warm ocean waters in the tropical Pacific, El Niño conditions are developing and are set to influence global temperature and rainfall patterns, increasing the risk of extreme weather over the coming months, according to the World Meteorological Organization. A new El Niño/La Niña Update by WMO indicates an 80 percent likelihood of a new phase of the natural El Niño weather pat

  • Sweden's Assa Abloy Buys Canada's Sentinel Dock & Door For Undisclosed Terms June 02, 2026 05:03 ET

    Swedish lock maker Assa Abloy AB (ASS.L, ASAZF, ASSAb.ST) on Tuesday announced that it has acquired Sentinel Dock & Door, a Canadian commercial dock and door service company, to expand its presence in the country. Financial terms of the deal were not disclosed. Sentinel will become part of the Industrial...

  • FDA Flags Hidden Danger In Skin Lightening Products June 02, 2026 03:55 ET

    The U.S. Food and Drug Administration (FDA) has issued a warning to consumers about over-the-counter skin lightening products found to contain mercury and hydroquinone substances linked to serious health risks when absorbed through repeated use.

  • Intel Unveils New Innovations To Address Customers' Chip-to-systems-level AI Needs June 02, 2026 03:38 ET

    Intel (INTC) unveiled new innovations that address customers' chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges, including: New rackscale AI infrastructure; Agentic Cloud Offering for Disaggregated Inference; Deep industry solutions; Intel Xeon 6+ processors;...

  • Coca-Cola Eyes 2027 India Listing For Bottling Arm, To Sell Stake June 02, 2026 03:31 ET

    Coca-Cola Co. (KO), the U.S. beverage giant, is exploring a potential public listing in India in 2027 of Hindustan Coca-Cola Holdings Pvt Ltd or HCCH, the parent of its largest Indian bottler, and plans to sell part of its holding, the company said on late Monday. HCCH owns Hindustan Coca-Cola Beverages...

  • McDonald's Announces McDonald's NEXT With Ambition To Be Customer's First Choice June 02, 2026 02:51 ET

    McDonald's (MCD) stated that the company's ambition is to be customer's first choice Every time, and so it is introducing McDonald's > NEXT to unlock next phase of growth and productivity, by bringing in more customers more often and improving unit economics. Under the Plan, the company targets to: elevate...

  • STMicroelectronics Lifts Data Center Revenues Outlook For FY26, FY27 June 02, 2026 02:47 ET

    Chipmaker STMicroelectronics N.V. (STM) announced Tuesday that it has raised revenue outlook for Data Centers in the year 2026 and 2027, citing continued strong demand for AI infrastructure. In the overnight trading, the shares wre gaining around 2.29%, at $70.60. For fiscal 2026, data center revenues...

  • Amazon's Prime Day Event On June 23-26 With Millions Of Deals June 02, 2026 02:35 ET

    Amazon's Prime Day Event, its major deal event, is returning kicking off summer, with millions of exclusive and early deals for Prime Members from June 23 to 26. The offers include Amazon's best deals, from the season's biggest fashion trends and K-beauty favorites to summer of soccer essentials, patio furniture, and outdoor entertaining many at 50 percent off or more.

  • Trade Desk Appoints Nate Olmstead As Chief Financial Officer June 02, 2026 02:22 ET

    The Trade Desk, Inc.(TTD), an advertising technology company, said that it has appointed Nate Olmstead as chief financial officer with effect from July 9. Olmstead will join the company from Penguin Solutions Inc.(PENG), an artificial intelligence infrastructure and technology solutions company, where...

Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

Latest Updates on COVID-19