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  • Lennar Appoints Jim Parker As COO And David Grove As EVP, Homebuilding June 05, 2026 23:30 ET

    Lennar Corp. (LEN, LEN.B) announced that it appointed Jim Parker as Chief Operating Officer and David Grove as Executive Vice President, Homebuilding, effective immediately. Parker and Grove most recently served as Area Presidents, leading Lennar's East and West operations, respectively. Parker and...

  • Bodycote Shares Down After Apollo Withdraws Offer June 05, 2026 23:26 ET

    The Board of Bodycote plc (BOY.L) noted Apollo Management X, L.P's statement, made on behalf of certain of its managed investment funds, that it does not intend to make a firm offer for the company. BOY.L closed Friday's regular trading at 715.50p down 107.50p or 13.06%. Despite Apollo's withdrawal,...

  • S&P 500 To Add Marvell Technology And Flex; Remove Pool Corp And Campbell's June 05, 2026 22:46 ET

    S&P Dow Jones Indices announced that it will make several changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 22, 2026, to coincide with the quarterly rebalance. The companies being removed from S&P MidCap 400 and S&P SmallCap 600...

  • Hitachi, Intel To Collaborate On AI, Quantum Computing For Industrial Use June 05, 2026 10:10 ET

    Hitachi Ltd. (6501.T) and Intel Corp. (INTC) said on Friday that they would collaborate to develop AI and advanced computing technologies for manufacturing, energy and other industries. The companies plans to combine Hitachi's information technology and operational technology expertise with Intel's...

  • Tuniu Swings To Profit In Q1, Sees Modest Revenue Growth In Q2; Stock Jumps June 05, 2026 08:57 ET

    China's Tuniu Corp. (TOUR) swung to a first-quarter profit on Friday compared to loss last year, on improved revenue. For the second quarter, the company forecasts modest sales growth. In pre market activity on Nasdaq, shares of Tuniu were up 4.50 percent, changing hands at $5.80, after closing...

  • BlockchAIn Digital Infrastructure Prices 33.3 Mln Shares At $1.65/Share, Stock Falls In Pre-Market June 05, 2026 08:09 ET

    Friday, BlockchAIn Digital Infrastructure, Inc. (AIB) announced pricing of its underwritten public offering of around 33.3 million shares of its common stock at $1.65 per share, totaling gross proceeds of approximately $55 million. The company intends to use the net proceeds from the offering for...

  • G-III Apparel Boosts FY27 Earnings Outlook; Q1 Profit Soars; Shares Up 4.9% June 05, 2026 07:36 ET

    While reporting financial results for the first quarter on Friday, G-III Apparel Group, Ltd. (GIII) provided its earnings, adjusted earnings and net sales guidance for the second quarter and raised its earnings and adjusted earnings outlook for full-year 2027, based on strong first-quarter results. For...

  • Raspberry Pi Sees Higher H1 Profit, FY26 Profit Significantly Ahead Of Market; Stock Jumps June 05, 2026 04:00 ET

    Raspberry Pi Holdings plc (RPI.L) said on Friday it expects first-half profitability to be materially ahead of a year earlier and raised its fiscal 2026 outlook, as strong sales and cheaper memory stock boosted results. On the LSE, shares of Raspberry Pi were gaining 16.09 percent, changing hands...

  • Haleon Recalls Certain Gas-X Extra Strength Softgels June 05, 2026 02:12 ET

    Haleon PLC (HLN.L, HLN), a consumer healthcare company, said that it has voluntarily recalled four lots of Gas-X Extra Strength Softgels 125mg, 120 ct., and 72 ct. distributed on or about April 13. The lots have been recalled due to potential contamination with a diluted propylene glycol-based coolant...

  • U.S. Supreme Court Ends Amarin Patent Fight, Hikma Prevails June 05, 2026 01:34 ET

    The United States Supreme Court has ruled in favor of Hikma Pharmaceuticals PLC (HIK.L HKMPY) and its wholly owned subsidiary Hikma Pharmaceuticals USA Inc., effectively ending Amarin's patent infringement litigation against the company. This decision marks the conclusion of a long-running dispute over...

  • Future Prices $200 Mln IPO Of 20 Mln Units At $10 Each June 05, 2026 01:19 ET

    Future Corp. (FTRAU ), a special purpose acquisition company, on Thursday announced the pricing of its initial public offering of 20 million units at $10 per unit. The offering is expected to close on June 8. FutureCorp Space Acquisition 1 has granted the underwriters a 45-day option to purchase...

  • Paramount+ To Be Exclusive Home Of UFC Main Cards In Canada From 2027 June 04, 2026 09:44 ET

    Paramount, a Skydance Corp (PSKY) and UFC, the mixed martial arts organization, on Thursday said they expanded their media rights partnership to make Paramount+ the exclusive home of UFC Numbered Event main cards in Canada for six years beginning in 2027. The deal will give Paramount+ subscribers...

  • Hims & Hers Names Anant Vinjamoori CMO Of Hims Brand June 04, 2026 09:19 ET

    Hims & Hers Health, Inc. (HIMS), a health and wellness platform, on Thursday announced the appointment of Anant Vinjamoori as Chief Medical Officer of its Hims brand. Vinjamoori will provide clinical guidance for the Hims brand across sexual health, hormone health, dermatology, weight loss, mental...

  • Pyxus Swings To Q4 Profit On Higher Sales, Issues FY2027 Outlook June 04, 2026 08:57 ET

    Pyxus International Inc (PYYX) swings to a profit in its fiscal fourth quarter, helped by higher sales, the agricultural company said on Thursday. The company also issued its outlook for fiscal 2027. For its fourth quarter, Pyxus reported net income of $14.4 million or $0.55 per share compared...

  • Amneal Pharmaceuticals' Romidepsin Injection Solution Wins FDA Approval June 04, 2026 08:48 ET

    Thursday, Amneal Pharmaceuticals, Inc. (AMRX) announced that the U.S. Food and Drug Administration has approved the company's ready-to-use romidepsin injection solution. The product is a histone deacetylase inhibitor indicated for the treatment of cutaneous T-cell lymphoma in adult patients who have...

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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