Following the sharp pullback seen during last Friday's session, stocks saw continued weakness throughout much of the trading day on Monday but managed to regain some ground going into the end of the session. The major averages climbed well off their worst levels of the day, with the Dow reaching positive territory.
Monday, Madison Square Garden Sports Corp. (MSGS) announced update regarding its proposed spin-off of its New York Rangers business from its New York Knicks business by filing a confidential initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission. The proposed transaction...
Stocks have moved modestly lower during trading on Monday, adding to the steep losses posted during last Friday's session. The major averages have all moved to the downside, with the Nasdaq and S&P 500 pulling back further off their record highs.
After reporting a notable deterioration in U.S. homebuilder confidence in the previous month, the National Association of Home Builders released a report on Monday showing an unexpected improvement in homebuilder confidence in the month of May. The report said the NAHB/Wells Fargo Housing Market Index climbed to 37 in May after slumping to a seven-month low of 34 in April.
USS Gerald R. Ford Carrier Strike Group 12 has been awarded the Presidential Unit Citation for the group's actions during their record-setting, multi-month deployment. This was announced by Secretary of War Pete Hegseth who was on hand with his wife and senior Navy leaders at Naval Station Norfolk,...
Israel Discount Bank Ltd. (ISDAF.PK), an Israeli banking and other financial services provider, reported Monday net income attributable to shareholders for the first quarter of NIS 930 million, down 10.2 percent from NIS 1.04 billion in the prior-year quarter. Net income per share declined to NIS 0.76...
International Paper CO. (IP), a sustainable packaging solutions provider, announced Monday it has acquired Delmarva Corrugated Packaging in Dover, Delaware. The terms of the deal were not disclosed. The strategic acquisition will enhance International Paper's capabilities, expand its market presence,...
The Board of Globant S.A. (GLOB) has approved a new share repurchase program, authorizing the allocation of up to $50 million per quarter, subject to a maximum aggregate of $125 million, for the repurchase of its common shares beginning Monday and open through the fourth quarter of 2027. "This share...
Citigroup, Inc. (C) and HPS Investment Partners, a part of BlackRock, Inc. (BLK), announced Monday a 15 billion euro Private Capital Program to finance debt opportunities in EMEA over an initial five-year term. The program is a strategic collaboration to expand comprehensive capital solutions and...
China will purchase U.S. agricultural products worth at least $17 billion annually for three years, and reopen its markets to some U.S. meat products as part of deals secured during President Donald Trump's recently concluded visit to Beijing, according to the White House. It revealed details of some agreements made between the two sides last week. Donald Trump, on the first visit by a US Presi
Stocks may move to the downside in early trading on Monday, extending the sharp pullback seen during last Friday's session. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 futures down by 0.1 percent. Lingering concerns about the conflict in...
NextEra Energy Inc (NEE) agreed to acquire Dominion Energy Inc (D) in an all-stock deal that will create the largest regulated electric utility in the United States, the companies announced on Monday. In pre-market activity on the NYSE, shares of Dominion were up 14.51 percent, changing hands at $70.70,...
Monday, Viatris Inc. (VTRS) announced that the U.S. Food and Drug Administration has accepted for review the New Drug Application for MR-107A-02 for the treatment of moderate-to-severe acute pain. The agency has assigned a PDUFA goal date of December 27, 2026. The approval is based on data from...
Kyverna Therapeutics, Inc. (KYTX), Monday announced the appointment of Greg Martini as Chief Financial Officer, effective May 18. The late-stage clinical biopharmaceutical company focused on autoimmune diseases said Martini will succeed Marc Grasso. Martini has been with Ironwood Pharmaceuticals....
Raytheon, an RTX (RTX) business, has been awarded a contract from the Office of Naval Research to further develop advanced radar software for next-generation naval radars. Raytheon's Advanced Technology team will develop software that enables each building block within a radar to operate independently,...
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.