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U.S. Productivity surges while labor costs fall
The Labor Department reported on Thursday that U.S. labor productivity rose far more than forecast in the third quarter of 2025. Productivity jumped 4.9% during the quarter, following an upwardly revised 4.1% increase in the second quarter. Economists had expected a more modest gain of 3.6%, compared with the previously reported 3.3% rise. At the…
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U.S. trade gap narrows sharply in October as exports rise and imports fall
New figures released by the Commerce Department on Thursday showed a surprise contraction in the U.S. trade deficit during October, defying expectations for a wider shortfall. According to the report, the trade gap narrowed to $29.4 billion in October, down from a downwardly revised $48.1 billion in September. Economists had anticipated the deficit would widen…
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U.S. jobless claims tick higher in early January
New data from the U.S. Labor Department released on Thursday showed a modest rise in initial unemployment claims during the first week of January, coming in slightly below market expectations. According to the report, first-time claims for jobless benefits increased to 208,000 in the week ended January 3, up by 8,000 from the prior week’s…
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Oil rebounds sharply after recent slide as U.S. stock draw offsets Venezuela uncertainty
Oil prices climbed strongly on Thursday, recovering from two consecutive declines after fresh data showed a larger-than-expected drop in U.S. crude inventories, even as developments around Venezuela continued to dominate market attention. By 07:50 ET (12:50 GMT), Brent crude futures for March delivery were up 1.6% at $60.93 per barrel, while U.S. West Texas Intermediate…
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Dow Jones, S&P, Nasdaq, Wall Street futures signal a modestly weaker start
U.S. stock index futures are pointing to a slightly lower open on Thursday, suggesting equities may come under pressure after a mixed finish in the previous session. The softer tone follows comments from President Donald Trump calling for a sharp increase in U.S. military spending to $1.5 trillion by 2027. “This will allow us to…
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Frontier confirms James Dempsey as CEO and lifts fourth-quarter profit expectations
Frontier Group Holdings Inc. (NASDAQ:ULCC) has named James G. Dempsey as its permanent president and chief executive officer, effective January 7, the airline said. Dempsey, who had been serving as interim CEO since December 2025, has also been appointed to the company’s board. Dempsey has spent more than ten years with Frontier. Board chairman Bill…
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MoonLake shares surge after FDA outlines approval route for HS therapy
MoonLake Immunotherapeutics (NASDAQ:MLTX) jumped about 25% on Thursday after the company disclosed encouraging regulatory feedback from the U.S. Food and Drug Administration regarding Sonelokimab (SLK) for the treatment of Hidradenitis Suppurativa (HS). Following a Type B meeting, the FDA indicated that MoonLake may be able to demonstrate substantial evidence of effectiveness for SLK in HS…
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Acuity Brands posts Q1 earnings beat on sharp sales growth
Acuity Brands Inc. (NYSE:AYI) reported better-than-expected first-quarter fiscal 2026 results on Thursday, supported by robust revenue growth and improving margins across the business. For the quarter ended November 30, 2025, the group delivered adjusted earnings of $4.69 per share, topping the analyst consensus of $4.58. Revenue rose 20.2% year on year to $1.14 billion, broadly…
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Simply Good Foods tops Q1 forecasts and stands by full-year guidance
Simply Good Foods (NASDAQ:SMPL) posted first-quarter results on Thursday that came in ahead of market expectations, reporting adjusted earnings of $0.39 per share, $0.03 above consensus, while revenue reached $340.2 million, also exceeding forecasts of $335.93 million. The nutritional snacking group recorded total consumption growth of 2% during the quarter, supported by double-digit gains from…
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Soho House shares slide after funding shortfall emerges on $200m transaction
Soho House (NYSE:SHCO) saw its shares drop about 12% in pre-market trading on Thursday after disclosing that MCR Hospitality Fund will be unable to fully meet its $200 million funding commitment tied to the group’s proposed sale. The company said MCR Hospitality Fund IV LP and QP LP have notified Soho House that they cannot…