Microsoft is pulling back from the carbon removal market that it helped establish, putting a hold on new purchases of carbon removal credits, as sources close to the situation have indicated.
Netgear has made a significant move by becoming the first major consumer router maker to get an exemption from the U.S. government's new rules on foreign-made networking devices.
Painted Tree Boutiques has shut down all its store locations, including the one at Jefferson Pointe, just two years after they first opened.
Stocks fluctuated over the course of the trading session on Thursday but largely maintained a positive bias before ending the day moderately higher. The Nasdaq and the S&P 500 added to the strong gains posted over the few days, reaching new record closing highs. The major averages all finished the day in positive territory.
After showing a lack of direction early in the session, stocks have moved mostly higher over the course of the trading day on Thursday. The major averages have all moved to the upside, with the Nasdaq and the S&P 500 reaching new record intraday highs. Currently, the major averages are posting modest gains.
Industrial production in the U.S. unexpectedly decreased in the month of March, according to a report released by the Federal Reserve on Thursday. The Fed said industrial production fell by 0.5 percent in March after climbing by 0.7 percent in February. Economists had expected industrial production to inch up by 0.1 percent.
The Federal Reserve Bank of Philadelphia released a report on Thursday showing an unexpected surge by its reading on regional manufacturing activity in the month of April. The Philly Fed said its diffusion index for current general activity spiked to 26.7 in April from 18.1 in March, with a positive reading indicating growth. Economists had expected the index to decrease to 10.0.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended April 11th. The Labor Department said initial jobless claims fell to 207,000, a decrease of 11,000 from the previous week's revised level of 218,000. Economists had expected jobless claims to edge down to 215,000.
Stocks may move to the upside in early trading on Thursday, extending the strong upward move seen over the past few sessions. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.2 percent. The markets may continue to benefit from...
The U.S. Government has intensified pressure on Iran's illicit oil transportation infrastructure by sanctioning more than two dozen individuals, companies, and vessels operating within the network of Iranian oil shipping magnate Mohammad Hossein Shamkhani. Shamkhani is the son of Ali Shamkhani, who...
A resolutions that would block the transfer of select weapons to Israel has failed in the Senate for the fourth time. The resolutions, which aimed at limiting President Donald Trump's power to wage war against Iran, was rejected by 52 to 47 votes, mostly along party lines. Democrat Senator John Fetterman opposed the Bill, while Republican Senator Rand Paul voted for the measure, which would have
Early signs from the U.S. Futures Index suggest that Wall Street might open in positive territory on Thursday, despite the U.S. plan to put economic restrictions on Iran's oil output. Asian shares finished mostly up, while European shares are trading broadly higher. As of 7.45 am ET, the Dow...
Snack and beverage giant PepsiCo, Inc. (PEP) on Thursday reported that net income for the first quarter increased from last year, reflecting improved operating margins and revenue growth across all its operating segments. The performance was boosted by resilience of the International business and continued progress in North America.
FIFA President Gianni Infantino said that Iran will definitely participate in the U.S.-hosted World Cup football championship, which is set to kick off in June. Iran is scheduled to play three group stage matches against New Zealand, Belgium, and Egypt in U.S. venues, including Los Angeles and Seattle. Iran's participation in the high-profile four-year football gala had been in doubt since the o
USS Gerald R. Ford has broken the record for the longest carrier deployment since the Vietnam War. The sailors of USS Gerald R. Ford said goodbye to their families in Norfolk last June thinking they would be back before the holidays. But after being ordered from the Mediterranean to the coast of Venezuela and then to the Middle East, Ford on Wednesday broke the record for the longest modern carri
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.