Stocks are turning in a mixed performance during trading on Wednesday, with the major averages moving in starkly opposite directions. While the tech-heavy Nasdaq has climbed firmly into positive territory, the Dow has moved to the downside.
Following yesterday's consumer price inflation data, the Labor Department released a separate report on Wednesday showing producer prices in the U.S. shot up by much more than expected in the month of April. The Labor Department said its producer price index for final demand jumped by 1.4 percent in April after climbing by an upwardly revised 0.7 percent in March.
Following the weakness seen in the previous session, stocks may move in opposite directions in early trading on Wednesday. The major index futures are currently pointing to a mixed open for the markets, with the Nasdaq futures up by 0.3 percent but the S&P 500 futures down by 0.1 percent and the Dow...
U.S. Transportation Secretary Sean P. Duffy has announced that the Federal Aviation Administration has successfully implemented phase one of an overhaul of the "Notices to Airmen (NOTAM)" system. This system — which is decades old — is essential to facilitating air travel because it provides pilots with...
A U.S. Federal court has indicted Singapore-based ship management company Synergy Marine over the deadly collapse of the Francis Scott Key Bridge in Maryland two years ago. Prosecutors filed criminal charges against Synergy Marine Private Ltd. based in Singapore, and Synergy Maritime private Ltd,...
The euro area economy expanded only marginally in the first quarter, the statistical office Eurostat confirmed on Wednesday. Gross domestic product posted a quarterly growth of 0.1 percent, matching the initial estimate but slower than the 0.2 percent expansion seen in the fourth quarter, Eurostat reported.
The U.S. Food and Drug Administration on Tuesday took two decisive actions focused on food chemical safety. First, the agency finalized its new proactive food chemical safety post-market assessment program. Second, the FDA launched reassessments of butylated hydroxytoluene (BHT) and azodicarbonamide...
Notably higher Nasdaq futures points to a firm start for tech stocks on Wall Street on Wednesday. The U.S. stock market is seen opening on a mixed note on Wednesday. Tech stocks are likely to move higher, rebounding from previous session's decline.
Shares of Merck KGaA were gaining around 8 percent in German trading after the science and technology major on Wednesday lifted its fiscal 2026 guidance and maintained mid-term view, despite weak first-quarter results. Looking ahead for fiscal 2006, Merck now anticipates net sales between 20.4 billion euros and 21.4 billion euros, and EBITDA pre between 5.7 billion euros and 6.1 billion euros.
U.S. Transportation Secretary Sean P. Duffy has announced that United Airlines would resume flights to Venezuela this summer for the first time since June 2017. This follows President Trump's agenda to expand U.S. energy sources to drive down costs for consumers. "United's first flight to Venezuela in 8 years marks another exciting development in the relationship between our two countries," said
President Donald Trump said that he doesn't think about Americans' financial situation' when related to the Middle East war's impact on them, but more important is to make sure that Iran cannot have a nuclear weapon. Trump made the comment while responding to a question, to what extent "Americans' financial situations" were motivating him to make a deal with Iran to end the 10 weeks-old conflict
European stocks traded higher on Wednesday, with earnings and a slew of economic data in focus. As Iran peace deal hopes fade and inflation concerns mount, traders looked ahead to the high-stakes meeting in Beijing between U.S. President Donald Trump and Chinese President Xi Jinping for direction....
German conglomerate Siemens AG on Wednesday maintained its fiscal 2026 outlook after reporting weak profit and revenues in the second quarter. On the XETRA in Germany, the shares were losing around 1.2 percent. For fiscal 2026, Siemens continues to expect basic earnings per share pre purchase price allocation accounting or PPA of 10.70 euros to 11.10 euros.
Flash quarterly national accounts and industrial production from the euro area and final inflation from France are due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's wholesale prices for April. Wholesale prices are forecast to rise 1.8 percent on a monthly basis after rising 2.7 percent in March.
European stocks may open on a positive note on Wednesday, though regional gains are likely to remain capped amid bets that the U.S. Federal Reserve may have to raise interest rates next year. After U.S. headline inflation came in above market expectations, investors now await the producer price index...
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.