Stocks have moved sharply higher during trading on Thursday, largely offsetting the weakness seen in the previous session. The major averages have all shown strong moves to the upside, with the tech-heavy Nasdaq leading the charge. Currently, the major averages are just off their highs of the session.
Deutsche Lufthansa AG (DLAKY.PK) has secured an order to supply two Boeing 747-8i aircraft to the U.S. Air Force as part of its presidential airlift program, according to several media reports. Of the total order, which is expected to cost approximately $400 million, the first aircraft is expected...
A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly showed a notable decrease by its reading on regional manufacturing activity in the month of December. The Philly Fed said its diffusion index for current general activity slumped to a negative 10.2 in December from a negative 1.7 in November, with a negative reading indicating contraction.
The annual rate of growth by consumer prices has unexpectedly slowed, according to data released by the Labor Department on Thursday. The Labor Department said consumer prices in November were up by 2.7 percent compared to the same month a year ago. The year-over-year price growth in November reflects a notable slowdown from the 3.0 percent surge in September.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits declined roughly in line with economist estimates in the week ended December 13th. The Labor Department said initial jobless claims fell to 224,000, a decrease of 13,000 from the previous week's revised level of 237,000. Economists had expected jobless claims to slip to 225,000.
Thursday, ON Semiconductor Corp. (ON) announced an agreement with GLOBALFOUNDRIES Inc. (GFS) to develop and manufacture advanced gallium nitride or GaN power products. The collaboration integrates onsemi's system and product expertise with GlobalFoundries' advanced GaN process to deliver new 650V...
Prudential Financial, Inc. (PRU), Thursday announced several significant changes to its senior business leadership structure to enhance operational efficiency as well as improve focus on key growth areas. As a part of this move, leaders responsible for the company's U.S. businesses, Emerging Markets,...
Elanco Animal Health Incorporated (ELAN) on Thursday said it has received conditional approval from the U.S. Food and Drug Administration (FDA) for Credelio Quattro CA1 for the treatment of infestations caused by New World screwworm larvae in dogs. The conditional approval was based on a study evaluating...
Cintas (CTAS) increased fiscal 2026 annual revenue expectations to a new range of $11.15 billion to $11.22 billion from prior guidance range of $11.06 billion to $11.18 billion. The company also increased EPS guidance to a range of $4.81 to $4.88, from previous guidance range of $4.74 to $4.86. Net...
EMCOR Group, Inc. (EME), a provider of electrical and mechanical construction and facilities services, on Thursday announced that its Board of Directors has approved an increase in its regular quarterly dividend to $0.40 per share from $0.25 per share. The company said that the Board expects to declare...
Stocks are likely to move to the upside in early trading on Thursday, regaining ground after coming under considerable selling pressure over the course of the previous session. The major index futures are currently pointing to a notably higher open for the markets, with the S&P 500 futures up by...
Avantor, Inc. (AVTR), Thursday announced the appointment of Simon Dingemans to its Board of Directors, effective January 2, 2026. Currently, Dingemans serves on the boards of Vodafone Group Plc and WPP plc. Previously, he served as the Chief Financial Officer of GlaxoSmithKline plc, a Partner at...
A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly showed a notable decrease by its reading on regional manufacturing activity in the month of December. The Philly Fed said its diffusion index for current general activity slumped to a negative 10.2 in December from...
Consumer prices in the U.S. saw a modest increase in over the two months from September to November, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index rose by 0.2 percent over the two months from September to November. The report...
The Allstate Corporation (ALL) on Thursday reported estimated catastrophe losses for November of $36 million after-tax. Total catastrophe losses for October and November combined were $101 million after-tax. Total policies in force in November were 38,207, up 0.1% from the previous month and 1.5%...
December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.