Producer Price Index (PPI) in the U.S. rose to 6.5% year-over-year in May, the highest since December 2022, fueled mainly by a sharp increase in energy prices following the Strait of Hormuz energy shock. Monthly wholesale prices jumped 1.1%, surpassing expectations, with gasoline prices up 23.4%, accounting for over half of the goods price increase. Core inflation excluding food and energy remained steady at 4.9%. Despite the hot inflation data, Wall Street futures showed resilience with modest gains, and Treasury yields remained mostly unchanged. This inflation spike raises concerns about the Federal Reserve's outlook under new Chair Kevin Warsh and could influence future monetary policy decisions.
BlackRock, Inc. and its funds have increased their ownership in Orion Corporation to over 5% of the company's total shares as of June 10, 2026. This change was disclosed under the Finnish Securities Market Act, indicating BlackRock's growing investme...
Core AI Holdings Inc. introduced HomeGPT, an AI-powered app for home design and renovation that lets users create and modify designs from a single photo. The launch follows a $5.4 million registered direct offering, which caused the stock to fall due...
Noah Holdings Limited held its annual general meeting on June 11, 2026, where all proposed resolutions were approved. The company announced a final dividend of RMB306 million and a special dividend of RMB306 million for the year ended December 31, 20...
Zhengxin Food, known as China's 'Chicken King,' is preparing for a $300 million IPO in Hong Kong amid a significant reduction in its store count from 25,000 to 9,545 over five years. The company claims the downsizing is strategic, focusing on quality...
Oracle's stock fell over 10% in after-hours trading despite reporting better-than-expected revenue of $19.18 billion and EPS of $2.03. The decline follows a 2.18% drop during regular trading, even as BMO Capital raised its price target to $220 and ma...
