Citi Trends Inc (CTRN), an off-price retailer of apparel, accessories and home trends, on Tuesday reported higher net income for the first quarter compared to same quarter prior year, supported by higher sales growth. Following this the stock climbed around 15 percent in the pre-market trading. For...
IBM (IBM) has announced plans to invest more than $10 billion in quantum computing over the next five years. The investment will span research and development, capital expenditure, manufacturing scaling, ecosystem partnerships, and M&A. The company said the investment reinforces IBM's mission to bring...
Cingulate Inc. (CING) on Tuesday said the U.S. Food and Drug Administration has issued a Complete Response Letter for its New Drug Application seeking approval of CTx-1301 for the treatment of Attention Deficit/ Hyperactivity Disorder (ADHD). The company said the FDA's response identified specific...
K+S AG (SDF.DE, KPLUY), a German chemical company, on Tuesday announced an agreement to acquire the salt business of Qemetica S.A. The transaction is expected to close in the first quarter of 2027. The purchase price is 350 million euros, plus a performance-based bonus of up to 30 million euros. The...
Signet Jewelers (SIG) reported first quarter net income of $31.7 million compared to $33.5 million, a year ago. EPS was $0.78, flat with prior year. EPS in the current quarter included $0.78 of restructuring and other charges net of taxes. Adjusted EPS was $1.56, compared to $1.18. Sales increased to...
Pasithea Therapeutics Corp. (KTTA) on Tuesday said the U.S. Food and Drug Administration has granted Orphan Drug Designation to its lead candidate, PAS-004, for the treatment of Amyotrophic Lateral Sclerosis (ALS), a progressive neurodegenerative disease that affects motor neurons. The company said...
FS KKR Capital Corp. (FSK) on Tuesday announced the pricing of an underwritten public offering of $900 million aggregate principal amount of 7.500% unsecured notes due 2031. The notes will mature on August 1, 2031. The offering is expected to close on June 8. The company said it intends to...
Halliburton Company (HAL) on Tuesday said it has acquired InformatiQ AS, a Norway based software company that develops cloud-native applications for subsurface, drilling, well, and logistics data. Financial terms of the transaction were not disclosed. The company said the acquisition builds on...
UP Fintech Holding Ltd. (TIGR), an online brokerage firm, on Tuesday reported net loss for the first-quarter, compared with profit a year earlier. Total revenue increased from the previous period, despite higher expenses. For the first quarter net loss was $27.67 million or $0.010 per share, compared...
Swedish lock maker Assa Abloy AB (ASS.L, ASAZF, ASSAb.ST) on Tuesday announced that it has acquired Sentinel Dock & Door, a Canadian commercial dock and door service company, to expand its presence in the country. Financial terms of the deal were not disclosed. Sentinel will become part of the Industrial...
Intel (INTC) unveiled new innovations that address customers' chip-to-systems-level AI needs with solutions tailored to address their specific industry challenges, including: New rackscale AI infrastructure; Agentic Cloud Offering for Disaggregated Inference; Deep industry solutions; Intel Xeon 6+ processors;...
Coca-Cola Co. (KO), the U.S. beverage giant, is exploring a potential public listing in India in 2027 of Hindustan Coca-Cola Holdings Pvt Ltd or HCCH, the parent of its largest Indian bottler, and plans to sell part of its holding, the company said on late Monday. HCCH owns Hindustan Coca-Cola Beverages...
McDonald's (MCD) stated that the company's ambition is to be customer's first choice Every time, and so it is introducing McDonald's > NEXT to unlock next phase of growth and productivity, by bringing in more customers more often and improving unit economics. Under the Plan, the company targets to: elevate...
Chipmaker STMicroelectronics N.V. (STM) announced Tuesday that it has raised revenue outlook for Data Centers in the year 2026 and 2027, citing continued strong demand for AI infrastructure. In the overnight trading, the shares wre gaining around 2.29%, at $70.60. For fiscal 2026, data center revenues...
The Trade Desk, Inc.(TTD), an advertising technology company, said that it has appointed Nate Olmstead as chief financial officer with effect from July 9. Olmstead will join the company from Penguin Solutions Inc.(PENG), an artificial intelligence infrastructure and technology solutions company, where...
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.