Hamilton Lane (HLNE) said on Thursday its board had approved an increase in its stock repurchase authorization to $100 million of Class A common stock. The asset manager previously had a framework allowing it to buy up to 6 percent of its outstanding Class A shares, capped at $50 million. The program...
A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly weakened in the month of May. The Philly Fed said its diffusion index for current general activity plummeted to a negative 0.4 in May from a positive 26.7 in April, with a...
Freshpet, Inc. (FRPT) on Thursday said its board has authorized a share repurchase program of up to $150 million, effective immediately. The pet food company said the buybacks may be funded through existing cash, future cash flow from operations, borrowings or other cash sources. "With proceeds...
New residential construction in the U.S. pulled back by much less than expected in the month of April, according to a report released by the Commerce Department on Thursday. The Commerce Department said housing starts slumped by 2.8 percent to an annual rate of 1.465 million in April after soaring...
The Labor Department released a report on Thursday showing first time-claims for U.S. unemployment benefits unexpectedly edged lower in the week ended May 16th. The report said initial jobless claims dipped to 209,000, a decrease of 3,000 from the previous week's revised level of 212,000. Economists...
Retail behemoth Walmart Inc. on Thursday issued positive second-quarter outlook, and maintained fiscal 2027 outlook, after reporting higher results in its first quarter. eCommerce revenues climbed 26 percent globally with strength across segments. Meanwhile, the shares were losing around 3 percent in pre-market activity on Nasdaq.
Zscaler, Inc. (ZS) announced the intent to acquire Symmetry Systems. The transaction is expected to close in the coming days. Zscaler said Symmetry Systems gives it the foundational visibility required to govern AI agent communication at scale and unlock the next phase of Zero Trust. Jay Chaudhry,...
The United States has signed agreements with three allied countries to enable them to procure counter-unmanned aerial system capabilities through the Joint Interagency Task Force 401 drone defense marketplace. Army Secretary Dan Driscoll signed agreements on behalf of the Pentagon with key leaders...
The U.S. Food and Drug Administration issued warning letters to eight retailers for selling unauthorized tobacco products, including nicotine pouches and dissolvable tobacco products. The warning letters involve unauthorized tobacco products that have labeling, advertising, and/or design features...
Euroseas (ESEA) reported first quarter net income of $32.5 million, compared to $36.9 million, a year ago. Earnings per share was $4.65, compared to $5.29, last year. Adjusted EBITDA was $40.9 million, compared to $37.1 million, prior year. Adjusted earnings per share was $4.70, compared to $3.76. For...
The U.S. Justice Department has announced criminal charges against former Cuban leader Raul Castro, including conspiracy to kill U.S. nationals, over the 1996 shootdown of two U.S. civilian aircraft over international waters between Cuba and Florida. The 94-year-old Castro has been accused of ordering the shoot down of two planes belonging to the Cuban-American group Brothers to the Rescue on Feb
Cognizant Technology Solutions (CTSH) said on Thursday it has entered into agreements with Truist Bank and BNP Paribas to repurchase $500 million of its Class A common stock under an accelerated share repurchase program. The IT services firm will receive about 7.8 million shares on Wednesday, with...
Eli Lilly and Company (LLY) on Thursday reported positive topline results from the Phase III TRIUMPH-1 trial evaluating Retatrutide in adults with obesity or overweight, at least one weight-related comorbidity, and without diabetes. At 80 weeks, all doses of retatrutide met the trial's primary and...
While reporting financial results for the fourth quarter on Thursday, water management solutions firm Advanced Drainage Systems, Inc. (WMS) initiated net sales guidance for the full-year 2027 between $3.35 billion and $3.55 billion. Separately, the company's Board of Directors has approved an 11 percent...
Thursday, TELUS Corporation (TU) announced its plan to invest over $8 billion over the next five years to expand and enhance its network infrastructure and operations across Québec, Canada. The company expects the investment in key projects to deliver critical infrastructure to strengthen the country's...
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.