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  • Lilly's Foundayo Demonstrates Weight Loss Across Menopause Stages June 07, 2026 11:29 ET

    Eli Lilly and Company (LLY) announced new results showing that women with obesity or overweight who took the highest dose of Foundayo achieved significant weight loss at every stage of menopause. These findings are based on post-hoc analyses of more than 1,500 female participants in the ATTAIN-1 and...

  • Casino Group Clarifies Bank Agreement Reports June 07, 2026 11:15 ET

    Following its press release on 5 June 2026, several media outlets reported that Casino Group had signed an agreement with banks as part of its project to adapt and strengthen its financial structure. Casino Group clarified on Sunday that no agreement has been signed with the banks. The company further...

  • Air Canada And Abra Group Sign Pact To Strengthen Americas Network June 07, 2026 08:50 ET

    Air Canada and Abra Group have signed a Memorandum of Understanding to establish a broad, long-term strategic partnership aimed at enhancing connectivity and customer experience across the Americas and beyond. Abra Group, which includes carriers such as Avianca and GOL, will work with Air Canada to expand...

  • Consortium Led By Bouygues, Orange And Free-iliad Signs MoU To Acquire SFR From Altice France June 06, 2026 22:02 ET

    Bouygues Telecom, together with Orange and the Free-iliad Group, has signed a Memorandum of Understanding with Altice France to acquire SFR. The agreement covers most of Altice France-SFR's assets, excluding stakes in XP Fibre, Ultraedge, Altice Technical Services, and operations in France's overseas...

  • Lennar Appoints Jim Parker As COO And David Grove As EVP, Homebuilding June 05, 2026 23:30 ET

    Lennar Corp. (LEN, LEN.B) announced that it appointed Jim Parker as Chief Operating Officer and David Grove as Executive Vice President, Homebuilding, effective immediately. Parker and Grove most recently served as Area Presidents, leading Lennar's East and West operations, respectively. Parker and...

  • Bodycote Shares Down After Apollo Withdraws Offer June 05, 2026 23:26 ET

    The Board of Bodycote plc (BOY.L) noted Apollo Management X, L.P's statement, made on behalf of certain of its managed investment funds, that it does not intend to make a firm offer for the company. BOY.L closed Friday's regular trading at 715.50p down 107.50p or 13.06%. Despite Apollo's withdrawal,...

  • S&P 500 To Add Marvell Technology And Flex; Remove Pool Corp And Campbell's June 05, 2026 22:46 ET

    S&P Dow Jones Indices announced that it will make several changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 22, 2026, to coincide with the quarterly rebalance. The companies being removed from S&P MidCap 400 and S&P SmallCap 600...

  • Extended Tech Sell-Off Weighs On Wall Street June 05, 2026 16:13 ET

    After coming under considerable pressure early in the session, stocks showed an even more substantial move to the downside over the course of trading day on Friday. The major averages all moved sharply lower, with the tech-heavy Nasdaq posting a particularly steep loss.

  • Nasdaq Moving Sharply Lower Amid Extended Tech Weakness June 05, 2026 11:06 ET

    Stocks have moved notably lower during trading on Friday, with the major averages all moving to the downside after ending the previous session mixed. The tech-heavy Nasdaq has shown a particularly steep drop. Currently, the major averages are off their worst levels but still firmly negative.

  • Hitachi, Intel To Collaborate On AI, Quantum Computing For Industrial Use June 05, 2026 10:10 ET

    Hitachi Ltd. (6501.T) and Intel Corp. (INTC) said on Friday that they would collaborate to develop AI and advanced computing technologies for manufacturing, energy and other industries. The companies plans to combine Hitachi's information technology and operational technology expertise with Intel's...

  • AI's Environmental Costs Threaten Water, Land And Climate, UN Warns June 05, 2026 09:56 ET

    Artificial Intelligence is not only responsible for worrying amounts of earth-warming greenhouse gases: the technology's environmental footprint is also expanding at a pace that could strain the planet's natural resources, according to a new UN study. Data centers, the global infrastructure powering AI, could consume 945 terawatt-hours of electricity annually by 2030 - nearly triple the combined

  • U.S. Job Growth Far Exceeds Estimates In May June 05, 2026 09:42 ET

    Employment in the U.S. jumped by much more than expected in the month of May, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 172,000 jobs in May after surging by an upwardly revised 179,000 jobs in April.

  • Tuniu Swings To Profit In Q1, Sees Modest Revenue Growth In Q2; Stock Jumps June 05, 2026 08:57 ET

    China's Tuniu Corp. (TOUR) swung to a first-quarter profit on Friday compared to loss last year, on improved revenue. For the second quarter, the company forecasts modest sales growth. In pre market activity on Nasdaq, shares of Tuniu were up 4.50 percent, changing hands at $5.80, after closing...

  • U.S. Stocks May Move To The Downside In Early Trading June 05, 2026 08:57 ET

    Stocks may come under pressure in early trading on Friday amid continued weakness in the tech sector. The major index futures are currently pointing to a lower open for the markets, with the S&P 500 futures down by 0.6 percent. Extended weakness among chip stocks may weigh on Wall Street, as reflected...

  • U.S. Employment Jumps By 172,000 Jobs In May, Much More Than Expected June 05, 2026 08:38 ET

    Employment in the U.S. jumped by much more than expected in the month of May, according to a closely watched report released by the Labor Department on Friday. The report said non-farm payroll employment shot up by 172,000 jobs in May after surging by an upwardly revised 179,000 jobs in April. Economists...

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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