Indian drugmaker Torrent Pharmaceuticals reported a 21.9% decline in fourth-quarter profit on Friday, as acquisition-related expenses linked to its deal with JB Chemicals and Pharmaceuticals weighed on earnings despite strong revenue growth. The company posted a consolidated net profit of 3.89 billion rupees ($40.65 million) for the quarter ended March 31, compared with 4.98 billion
Shares of Estée Lauder (EL) climbed sharply on Friday after the cosmetics company and Spanish beauty group Puig Brands announced they had terminated merger discussions that could have created one of the world’s largest luxury beauty companies. Estée Lauder shares rose roughly 11% in premarket trading, putting the stock on track for its strongest single-day
Wall Street opened higher on Friday ahead of the Memorial Day holiday weekend as investors monitored ongoing diplomatic efforts surrounding the nearly three-month-long conflict in the Middle East, while easing Treasury yields and continued enthusiasm around artificial intelligence supported broader market sentiment. The Dow Jones Industrial Average rose roughly 373 points, or 0.74%, while the
Workday (NASDAQ: WDAY) stock price surged by over 10% in the pre-market session as investors bought the dip following its better-than-estimated results. It rose to $136, modestly higher than the year-to-date low of $110. Workday stock is soaring after earnings report WDAY stock has been under pressure in the past few years, moving from a
Shares of IMAX jumped 16% on Friday after a report from The Wall Street Journal said the company is exploring a potential sale and has approached entertainment companies as possible buyers, fueling speculation that the premium cinema technology company could become an acquisition target for major media and technology firms. According to people familiar with
The International Monetary Fund warned on Thursday that France faces growing public finance risks as efforts to tighten the budget continue to lag while debt levels remain elevated. Following its annual staff visit to the country, the IMF said France’s public budget deficit narrowed to 5.1% of gross domestic product in 2025. However, the fund
Precious metals have always been a barometer of global unease. Wars, sanctions, currency crises, and confidence shocks have been moving silver and gold for as long as records exist, and the pattern has not broken down in the modern era. Anyone who pays attention to the price of silver today on a live chart, such
US stock indices moved lower on Thursday as rising oil prices and higher Treasury yields renewed concerns about inflation and geopolitical tensions, while investors evaluated whether Nvidia delivered enough upside to justify its elevated valuation after another strong earnings report. The S&P 500 fell 0.48%, while the Nasdaq Composite declined 0.56%. The Dow Jones Industrial
Blockchain.com has confidentially filed for an initial public offering in the United States, the cryptocurrency exchange said on Thursday, marking another potential public market debut from the digital asset sector. Confidential filings with the US securities regulator allow companies to prepare for initial public offerings away from public market scrutiny. The process enables firms to
Oil prices surged more than 3% on Thursday after Iran’s supreme leader ordered that enriched uranium must remain inside the country, a move seen as complicating fragile peace talks with the US. The directive heightened geopolitical uncertainty, keeping crude markets volatile as supply disruptions through the Strait of Hormuz persist. Prices jump on nuclear standoff