Thursday, Rocket Lab Corporation (RKLB) announced its first-quarter financial results, reporting a net loss of $45 million, or $0.07 a share, compared to $60.6 million, or $0.12 a share, last year. Total revenues rose to $200.3 million from $122.6 million in the prior year. Looking ahead to the...
Thursday, HubSpot, Inc. (HUBS) announced its first-quarter financial results, reporting a net loss of $21.8 million, or $0.42 per diluted share, compared to net income of $5.9 million, or $0.12 per diluted share in the previous year. Adjusted net income was $95.9 million, or $1.78 per diluted share,...
Stocks turned in a lackluster performance early in the session on Thursday but came under pressure over the course of the trading day. The major averages all moved to the downside, although selling remained relatively subdued. The major averages finished the day off their lows of the session but still in the red.
After moving higher over the two previous sessions, the major U.S. stock indexes are turning in a mixed performance during trading on Thursday. While the Nasdaq and S&P 500 have reached new record intraday highs, the narrower Dow is giving back ground.
With an increase in spending on private construction more than offsetting a dip in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending rose by more than expected in the month of March.
Labor productivity in the U.S. increased by much less than expected in the first quarter of 2026, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity climbed by 0.8 percent in the first quarter after jumping by a downwardly revised 1.6 percent in the fourth quarter of 2025.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by less than expected in the week ended May 2nd. The Labor Department said initial jobless claims rose to 200,000, an increase of 10,000 from the previous week's revised level of 190,000. Economists had expected jobless claims to climb to 205,000.
While reporting financial results for the second quarter on Thursday, Maximus, Inc. (MMS) raised its adjusted earnings guidance for the full-year 2026, while maintaining annual sales outlook. For fiscal 2025, the company now projects adjusted earnings in a range of $8.25 to $8.55 per share, up from...
Halozyme Therapeutics, Inc. (HALO) has inked a global collaboration and license agreement with GSK plc (GSK) to develop subcutaneous formulations of multiple promising oncology targets.
While reporting financial results for the first quarter on Thursday, Howmet Aerospace Inc. (HWM) provided its adjusted earnings and revenue guidance for the second quarter and raised its outlook for the full-year 2026. For the second quarter, the company expects adjusted earnings in a range of $1.22...
Lee Enterprises, Inc. (LEE), an American media company, on Thursday reported a reduced net loss for the second quarter, with lower operating expenses cushioning the impact of declining revenue. Quarterly loss shrank sharply to $2.23 million or $0.16 per share from $12.63 million or $2.07 per share...
Norway has become the latest country to join the Pax Silica initiative. The Pax Silica Initiative is a U.S.-led international coalition launched in December to secure supply chains for semiconductors, AI infrastructure, and critical minerals. It aims to reduce reliance on coerced, concentrated supply...
While reporting financial results for the first quarter on Thursday, Datadog, Inc. (DDOG) provided its adjusted earnings and revenue guidance for the second quarter and raised its outlook for the full-year 2026. For the second quarter, the company expects adjusted earnings in a range of $0.57 to $0.59...
Thursday, Liberty Media (LSTZA) announced its first-quarter financial results, reporting earnings of $53 million compared to $5 million in the prior year. Operating income for the period totaled $64 million compared with operating loss of $67 million in the earlier year. Total revenue stood at...
Thursday, Citigroup Inc. (C) announced that its Board of Directors has authorized a new, multi-year $30 billion common stock repurchase program. The program is expected to begin in the second quarter 2026. Last year, the company's Board authorized a $20 billion common stock repurchase program....
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.