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  • Mobia Medical Prices $150 Mln Share IPO May 08, 2026 01:31 ET

    Mobia Medical, Inc. (MOBI), on Friday announced that it has priced its initial public offering of 10 million common shares at $15.00 each. The medical device company expects to raise gross proceeds of about $150.0 million from this offering. All shares are being offered by Mobia Medical, which...

  • COWAY Q1 Operating Profit Rises May 08, 2026 00:53 ET

    COWAY (021240.KS) reported first quarter net income attributable to shareholders of the parent company of 182.0 billion Korean won, a 31.0% increase from the prior year period. Operating income was 250.9 billion won, up 18.8% year-over-year from 211.2 billion won, last year. First quarter sales were...

  • MercadoLibre Q1 Net Income Declines May 08, 2026 00:44 ET

    MercadoLibre (MELI) reported that its first quarter net income declined to $417 million from $494 million, prior year. Net income available to shareholders per common share was $8.23 compared to $9.74. Adjusted EBITDA declined to $857 million from $935 million. First quarter Net revenues and financial...

  • Macquarie Group FY26 Profit Rises May 08, 2026 00:12 ET

    Macquarie Group Limited (MQG.AX) reported net profit after tax attributable to ordinary shareholders of A$4.85 billion for the year ended 31 March 2026, up 30 percent on the year ended 31 March 2025. Earnings per share was A$12.77, up 30% from prior year. Net operating income was A$19.48 billion, up...

  • Oversea-Chinese Banking Q1 Net Profit Rises May 07, 2026 23:49 ET

    Oversea-Chinese Banking Corporation (O39.SI, OCBC.SI) reported net profit of S$1.97 billion for the first quarter of 2026, 5% above S$1.88 billion, a year ago, underpinned by record non-interest income. Group EPS was S$1.76 compared to S$1.68. Total income for the period was S$3.83 billion, up 5%...

  • REA Group Q3 EBITDA From Core Operations Rises May 07, 2026 23:37 ET

    REA Group (REA.AX) said, from Core Operations, third quarter revenue was A$398 million, up 11% excluding M&A, or up 6% unadjusted, from last year. Residential revenue was up 12% driven by: strong Buy yield growth of 14%; and with National Buy listing volumes returning to growth, up 1%. EBITDA excluding...

  • Rocket Companies Swings To Profit In Q1 May 07, 2026 17:55 ET

    Thursday, Rocket Companies, Inc. (RKT) announced its first-quarter financial results, reporting a net income attributable to the company of $297 million, or $0.10 a share, compared to a net loss of $10 million, or $0.08 a share, in the previous year. Adjusted earnings totaled $422 million, or $0.15...

  • Coinbase Global Turns To Loss In Q1 May 07, 2026 17:44 ET

    Thursday, Coinbase Global, Inc. (COIN) announced its first-quarter financial results, reporting a net loss of $394.1 million, or $1.49 a share, compared to a net income of $65.6 million, or $0.24 a share, in the prior year, primarily due to higher operating losses. Adjusted net loss for the period...

  • ICU Medical Swings To Profit In Q1 May 07, 2026 17:21 ET

    Thursday, ICU Medical, Inc. (ICUI) announced its first-quarter financial results, reporting a net income of $30.1 million, or $1.20 a share, compared with a net loss of $15.5 million, or $0.63 a share, in the prior year. On an adjusted basis, earnings amounted to $1.97 a share compared to $1.72 a...

  • Cloudflare Q1 Loss Narrows, Announces Outlook For Q2 And FY26 May 07, 2026 17:07 ET

    Thursday, Cloudflare, Inc. (NET) announced its first-quarter financial results, reporting a net loss of $22.9 million, or $0.07 a share, compared to $38.5 million, or $0.11 a share, in the first quarter of 2025, driven by higher revenue and non-operating income. Adjusted earnings were $94.0 million,...

  • Rocket Lab Q1 Loss Narrows, Announces Q2 Outlook, Deal To Buy Motiv Space, Multi-Launch Contract May 07, 2026 16:56 ET

    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...

  • HubSpot Posts Q1 Report; Announces Outlook For Q2, FY26 May 07, 2026 16:22 ET

    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,...

  • U.S. Stocks Move To The Downside Amid Rebound By Crude Oil Prices May 07, 2026 16:12 ET

    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.

  • Nasdaq, S&P 500 Seeing Further Upside But Dow Giving Back Ground May 07, 2026 11:00 ET

    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.

  • U.S. Construction Spending Climbs More Than Expected In March May 07, 2026 10:29 ET

    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.

Global Economics Weekly Update - May 04 – May 08, 2026

May 08, 2026 15:50 ET
Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.

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