United StatesBreaking News

Federal Reserve Bank of New York President John Williams says the answer to whether a lift in productivity will ultimately impact interest rates and the central bank's policymaking is, "unsurprisingly, it depends." Williams spoke Thursday at a central banking conference in Iceland.

Miriam Wheeler, Goldman Sachs global head of leverage finance, says investors are focused on hard assets associated with the infrastructure buildout of artificial intelligence and this is a "generational opportunity." Wheeler says power demand for data centers will double over the next few years. She speaks to Dani Burger on Bloomberg Open Interest.

Seanergy Maritime (NASDAQ:SHIP) reported a sharp acceleration in first-quarter earnings, driven by a significant expansion in its top-line revenue and optimal market conditions for its heavy-capacity dry bulk vessels.

Toro Corp. (NASDAQ:TORO) reported a decline in first-quarter net income as escalating operational costs outpaced top-line growth, though the shipping company leveraged its robust liquidity reserves to clear a new credit line and push through massive cash payouts to equity holders.

Robin Vince, CEO at BNY, describes himself as an "AI optimist" as he explains how the technology fits into the firm's plans over the next five years.

Eli Lilly (NYSE:LLY) announced a major commercial milestone for its metabolic health franchise, securing comprehensive formulary placement from the three largest pharmacy benefit managers (PBMs) in the United States to cover its entire obesity medicine portfolio.

US consumer spending edged up in April, as inflation-adjusted consumer spending rose 0.1% last month, with annual inflation accelerating to the highest level since 2023 on increased energy prices. Michael McKee breaks down the data on Bloomberg Television.

Athens-based dry bulk vessel operator Diana Shipping (NYSE:DSX) reported a multi-fold increase in first-quarter net income, showcasing high operational efficiency across its global maritime fleet despite a minor contraction in aggregate time charter revenues.

Vyome Holdings (NASDAQ:HIND) reported an expanded cash runway for the first quarter of 2026, leveraging a recent equity injection to fund regulatory steps and clinical trial preparations for its immuno-inflammatory and rare disease pipeline.

CECO Environmental  (NASDAQ:CECO) and Thermon Group Holdings (NYSE:THR) secured near-unanimous approval from their respective stockholders for their pending strategic combination, clearing the final major execution hurdle toward building a consolidated industrial environmental and process thermal solutions provider.

Formula Systems (NASDAQ:FORTY) reported record financial results for the first quarter of 2026, driven by double-digit revenue expansion across its global technology portfolio and the finalization of a massive software consolidation merger.

Photronics (NASDAQ:PLAB) reported a sequential contraction in second-quarter revenue, navigating near-term headwinds in chip-sector product launches even as demand for high-end mobile and automotive display components provided a resilient partial buffer.