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Walmart Stock Up 5% On Rosy Q2, FY25 Outlook - Update

India, May 16 -- While reporting financial results for the first quarter on Thursday, retail giant Walmart, Inc. (WMT) initiated its adjusted earnings and net sales growth guidance for the second quar... Read More


Siemens Stock Dips On Weak Q2 Profit, Orders; Backs FY24 View

India, May 16 -- Shares of Siemens AG were declining around 5 percent in German trading after the conglomerate reported Thursday weak profit in its second quarter on the absence of prior year's hefty ... Read More


Advanced Drainage Systems Q4 Profit Up, Above Estimates - Update

India, May 16 -- (Adds Outlook) Looking ahead, for the full year, Advanced Drainage Systems, Inc. (WMS) expects sales of $2.925 billion to $3.025 billion, in line with analysts' estimate of $3 billio... Read More


U.S.-Built Floating Pier To Deliver Humanitarian Aid Anchored Off Gaza

India, May 16 -- U.S. forces have completed construction of a temporary floating pier off the Gaza coast to deliver humanitarian aid to the war-stricken people of Gaza. The U.S. Central Command said ... Read More


Sensex, Nifty End Notably Higher On Soft US Data

India, May 16 -- Indian shares rose notably on Thursday after Wall Street's three major indexes notched record closes overnight on optimism that inflation is heading back in the right direction and th... Read More


Gold Dips As Dollar Steadies Ahead Of More Fed Speak

India, May 16 -- Gold prices were subdued on Thursday after climbing by 1 percent in the previous session, aided by a drop in the dollar index and U.S. bond yields. Spot gold was marginally lower at ... Read More


NICE Ltd. Q1 Profit Increases, Beats Estimates

India, May 16 -- NICE Ltd. (NICE) announced earnings for its first quarter that increased from last year and beat the Street estimates. The company's bottom line totaled $106.373 million, or $1.60 pe... Read More


Oil Holds Steady On Fed Rate-cut Bets

India, May 16 -- Oil prices held steady on Thursday after finishing notably higher the previous day, buoyed by soft U.S. inflation data and a report showing a bigger than expected drop in U.S. crude i... Read More


Italy Inflation Slows More Than Estimated, Trade Surplus Grows

India, May 16 -- Italy's inflation moderated slightly more than initially estimated in April, the latest data from the statistical office ISTAT showed on Thursday. Separate official data showed that ... Read More


European Shares Subdued As Investors Await Fed Comments

India, May 16 -- European stocks were subdued on Thursday as softer U.S. consumer inflation data brought Fed rate cuts back into focus. The dollar was on the back foot and U.S Treasury yields sank to... Read More