German utility E.ON SE reported Wednesday a significant increase in its first-quarter adjusted earnings and Group EBITDA with growth in all three core segments. Further, the firm affirmed its guidance for 2025 and its outlook through 2028. On the XETRA in Germany, E.ON shares were gaining around 1.36 percent.
Bayer AG on Tuesday confirmed its currency-adjusted 2025 targets after reporting lower earnings in its first quarter with slightly lower sales. The quarterly results reflected weak results in the Crop Science Division, despite growth in Pharmaceuticals and Consumer Health segments. Shares of the Pharmaceutical and life sciences major were gaining around 6 percent on the XETRA in Germany.
Media firm Fox Corp. reported Monday weak earnings in its third quarter on higher expenses, while revenues were higher, benefited mainly by advertising revenue growth of 65 percent, primarily due to the impact of Super Bowl LIX. Adjusted earnings and top line beat market estimates. In pre-market activity on the Nasdaq, the FOX shares were gaining around 3.8 percent.
Final inflation from Germany and Spain are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer prices for April. Consumer price inflation is seen easing to 2.1 percent from 2.2 percent in March. In the meantime, final consumer prices from Sweden and industrial production from Romania are due.
Producer prices in Japan were up 0.2 percent on month in April, the Bank of Japan said on Wednesday - slowing from 0.4 percent in March. On a yearly basis, producer prices were up 4.0 percent - slowing from the upwardly revised 4.3 percent increase in the previous month. Export prices were down...
New Zealand will on Tuesday release April figures for electronic card retail sales, highlighting a modest day for Asia-Pacific economic activity. In March, sales sank 0.8 percent on quarter and 1.6 percent on year. Japan will provide April numbers for producer prices, with forecasts suggesting an...
In a major address in Riyadh, President Donald Trump outlined an optimistic vision for the future of the Middle East and his approach to achieving a more stable region and peaceful world. Addressing the US-Saudi Investment Forum in the capital of Saudi Arabia, Trump said, "I am here today not merely to condemn the past chaos of Iran's leaders, but to offer them a new path and a much better path t
The United States has imposed sanctions on three Iranian nationals and one Iranian entity with ties to Iran's Organization of Defensive Innovation and Research. Known by its Persian acronym, SPND, it is the direct successor organization to Iran's pre-2004 nuclear weapons program, also referred to as the Amad Project. The Iranians targeted by the Department of State are Sayyed Mohammad Reza Seddig
The European Union will launch a dispute against the United States over its universal reciprocal tariffs and tariffs on cars and car parts. EU will formally lodge a request for consultations with the World Trade Organization alleging that these tariffs blatantly violate fundamental WTO rules. "The EU's objective is thus to reaffirm that internationally agreed rules matter, and these cannot be u
After moving to the upside at the start of trading, stocks have shown a lack of direction over the course of the session on Wednesday. The major averages have pulled back off their early highs and are now bouncing back and forth across the unchanged line. Currently, the major averages are posting...
European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year. Investors also awaited cues from Thursday's U.S. retail sales data and upcoming talks between Ukraine and...
Asian stocks moved mostly higher on Wednesday as investors digested softer-than-expected inflation data from the U.S. and awaited more clarity on ongoing trade talks. Regional tech stocks surged after Nvidia announced the sale of over 18,000 AI chips to Saudi Arabian firm Humain during the Saudi-U.S....
A new study shows that using a gas stove at home could release harmful chemicals at levels that may cause cancer. The main concern is benzene, a chemical that comes from burning natural gas or propane and is already known to raise the risk of cancer. Researchers from Stanford University checked benzene...
The Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged, highlighting increased uncertainty about the economic outlook. The Fed said it decided to leave the target for the federal funds rate at 4.25 to 4.50 percent for the third straight meeting.
An international team of researchers from Germany, the Netherlands, and Greece found that people who are left-handed or use both hands (mixed-handed) are more likely to have certain conditions that start early in life and affect language skills. These include dyslexia, schizophrenia, and autism, as per...
After moving mostly lower over the two previous sessions, stocks saw considerable volatility over the course of the trading day on Wednesday. The major averages swung back and forth across the unchanged, particularly in the latter part of the session. The major averages eventually ended the day in...
Endava plc (DAVA) shares tumbled 29.99 percent to $14.99 on Wednesday after the company reported its fiscal third-quarter 2025 results. Revenue rose 11.7 percent year over year to 194.8 million pounds, up from 174.4 million pounds.
May 02, 2025 12:18 ET First quarter economic growth data and the latest purchasing managers’ survey results from several major economies dominated the economics news flow this week. Quarterly GDP data from the U.S. reflected the impact of the trade tariffs announced by the Trump administration. Inflation data based on the Fed’s preferred measure also attracted attention. In Asia, the Bank of Japan was in focus as the latest interest rate decision and macroeconomic projections were announced.
Cryptocurrencies are trading firmly above the flatline amidst market sentiment supported by optimism surrounding the global trade deals.
President Donald Trump has announced that Saudi Arabia has committed to make $600 billion worth of investment in the United States. Trump made the announcement after his meeting with Saudi Crown Prince and Prime Minister Mohammed bin Salman and other senior officials Tuesday. On Wednesday, Trump left for Qatar on the next leg of his four-day Middle East tour, the first in his second term. Trump
President Donald Trump has signed an Executive Order to bring the prices of prescription drugs in line with those paid by similar nations. The Order directs the U.S. Trade Representative and Secretary of Commerce to take action to ensure foreign countries are not engaged in practices that purposefully and unfairly undercut market prices and drive price hikes in the United States. The Order instr
The U.S.-UK trade deal that President Donald Trump and Prime Minister Keir Starmer announced on the 80th anniversary of Victory Day will provide American companies unprecedented access to the UK markets. Trump said, "The deal includes billions of dollars of increased market access for American exports, especially in agriculture, dramatically increasing access for American beef, ethanol, and virtu
May has just begun, and it's time to turn our attention to the FDA decisions on deck for the coming weeks.
Confidence among the U.S. small businesses fell for the fourth straight month in April as firms turned more cautious in the face of significant uncertainty caused by the Trump administration's trade tariff policy, survey data from the National Federation of Independent Business showed on Tuesday.
Consumer prices in the U.S. rose by slightly less than expected in the month of April, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index inched up by 0.2 percent in April after edging down by 0.1 percent in March. Economists had expected consumer prices to rise by 0.3 percent.
The UK unemployment rate edged up and wage growth softened in the first quarter ahead of the rise in payroll taxes, official data revealed on Tuesday. The unemployment rate rose to 4.5 percent in the three months to March, in line with expectations, from 4.4 percent in the three months to February, the Office for National Statistics reported.
The U.S. Food and Drug Administration has announced plans to expand the use of unannounced inspections at foreign manufacturing facilities that produce foods, essential medicines, and other medical products for American consumers and patients. This move builds upon the agency's Office of Inspection...
President Donald Trump has signed an Executive Order to facilitate the restoration of a robust domestic manufacturing base for prescription drugs, including key ingredients and materials necessary to manufacture prescription drugs. The Order directs the U.S. Food and Drug Administration to reduce the amount of time it takes to approve domestic pharmaceutical manufacturing plants by eliminating du
The U.S. Food and Drug Administration has announced the recalls of Vine Ripe Tomatoes in 14 states, supplied by Hanshaw & Capling or H&C Farms, and repacked and sold by various companies, citing the potential to be contaminated with Salmonella, a bacteria that causes the foodborne illness salmonellosis. Immokalee, Florida -based H&C Farms initiated the recall due to the possible presence...
McDonald's announced it will hire 375,000 workers across the U.S. this summer, marking one of its largest seasonal recruitment efforts in recent years.
ESPN is set to debut its much-anticipated standalone streaming service this fall, priced at $29.99 per month, or $35.99 when bundled with Disney+ and Hulu. The service will be simply branded ESPN and will be housed within a newly redesigned ESPN app.
Microsoft Corp. (MSFT) Tuesday reportedly said that it will cut 6,000 workers across all levels, teams and geographies, in an effort to reduce management layers. "We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace," a Microsoft...
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to see further upside after moving notably higher over the two previous sessions. Stocks may continue to benefit from recent upward momentum following recent announcements of trade deals between the...