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Sunshine Silver Mining & Refining Company files for US IPO
May 11 (Reuters) - Sunshine Silver Mining & Refining Company on Monday filed for an initial public offering in the United States.A pickup in IPO activity has lifted market sentiment, but the recovery remains fragile as geopolitical uncertainty and volatile trading continue to keep investor risk ...Reuters
Mon, May 11
LIVESTOCK-CME cattle futures pare losses after falling on US beef import plan
By Tom Polansek CHICAGO, May 11 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures pared losses on Monday after falling earlier in the session on expectations that the U.S. would drop tariffs on imported beef. U.S. President Donald Trump is set to sign executive ord...Reuters
Mon, May 11
LGL Group's Q1 revenue rises 18%, net loss widens
OverviewUS holding company's Q1 revenue rose 18% yr/yr on higher Electronic Instruments shipmentsNet loss widened sharply, driven by stock-based compensation and higher material costsOrder backlog jumped 144% from year-end, signaling increased demandOutlookCompany did not provide specific financ...Reuters
Mon, May 11
US to loan 53.3 million barrels of oil from Strategic Petroleum Reserve
By Timothy Gardner May 11 (Reuters) - The Trump administration said on Monday it will loan energy companies 53.3 million barrels of crude from the U.S. Strategic Petroleum Reserve as part of a global agreement to calm oil markets that have spiked on the U.S.-Israeli war with Iran. Nine companies,...Reuters
Mon, May 11
Cadre Holdings Q1 sales slightly beat estimates
OverviewUS safety equipment maker's Q1 net sales rose 19% yr/yr, slightly beating analyst expectationsAdjusted EPS for Q1 was $0.05; net income declined due to higher expensesOutlookCadre reaffirms 2026 net sales guidance of $736 mln to $758 mlnCompany sees 2026 adjusted EBITDA between $136 mln ...Reuters
Mon, May 11
HF Foods Q1 revenue rises on higher volumes, improved pricing in seafood
OverviewUS Asian food distributor's Q1 revenue rose 4.5%, beating analyst expectationsAdjusted net income for Q1 fell 3.6% to $3.4 mlnGross margin declined to 16.2% due to higher seafood sales and increased landed costsOutlookCompany did not provide specific guidance for current or future quarte...Reuters
Mon, May 11
Life360 Q1 revenue rises on subscription growth
OverviewUS family safety app's Q1 revenue rose 38% yr/yr, beating analyst expectationsAdjusted EBITDA for Q1 beat consensus, up 7% yr/yrGross margin declined to 77% from 81% due to product mix and hardware discountsOutlookLife360 raises FY'26 consolidated revenue guidance to $650 mln-$685 ml...Reuters
Mon, May 11
FedEx resumes MD-11 cargo flights after FAA lifts grounding order
By David ShepardsonWASHINGTON, May 11 (Reuters) - FedEx FDX.N said Monday it has begun resuming use of its MD-11 airplanes after the Federal Aviation Administration lifted an order that had barred flights following a fatal crash last year of a UPS UPS.N cargo plane in Kentucky that killed 15 people....Reuters
Mon, May 11
Harrow Q1 revenue misses analyst estimates
OverviewU.S. ophthalmic solutions provider's Q1 revenue declined and missed analyst expectationsGross margin for Q1 fell to 61% from 68% a year earlierCompany expects Q2 revenue to improve as VEVYE adjustment impact subsidesOutlookCompany expects Q2 revenue between $71 mln and $81 mlnHarrow Inc ...Reuters
Mon, May 11
Brazil’s Raizen debt talks advance as parties near equity conversion consensus
Creditors, shareholders near deal to convert up to 50% of Raizen debt into equityShell offers 3.5 billion reais bailout, Cosan faces own debt, Ometto's chairmanship uncertainRaizen negotiating Argentina asset sale to Mercuria for $1 billion-1.5 billion, use of proceeds debatedBy Oliver Griffin a...Reuters
Mon, May 11
US to loan 53.3 million barrels of oil from Strategic Petroleum Reserve
May 11 (Reuters) - The Trump administration said on Monday it will loan energy companies 53.3 million barrels of crude from the U.S. Strategic Petroleum Reserve as part of a global agreement to calm oil markets that have spiked on the U.S.-Israeli war with Iran. The Department of Energy last month o...Reuters
Mon, May 11
CBOT soybeans close higher as crude oil prices jump
CHICAGO, May 11 (Reuters) - Chicago Board of Trade soybean futures closed higher on Monday on spillover buying from a rally in crude oil.Traders were waiting to see whether China, the world's biggest soybean importer, would agree to buy U.S. supplies in conjunction with U.S. President Donald Tru...Reuters
Mon, May 11
Gold rises as Trump rejects Iran deal, war risks increase
Gold (XAU/USD) price advances modestly by 0.30% on Monday as the Iran-US conflict resolution stalls following Tehran’s proposal, which was disregarded by US President Donald Trump, who said that it was “totally unacceptable.” At the time of writing, XAU/USD trades at $4,726 after bouncing off daily
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Mon, May 11
Americans don't think Trump has explained Iran war goals, Reuters/Ipsos poll shows
Majority say Trump has not explained U.S. goals in Iran conflict, Reuters/Ipsos poll showsRising gas prices hurting household finances, many blame Trump's Republican alliesTrump's approval rating rises to 36% from previous low, Reuters/Ipsos poll findsBy Jason Lange WASHINGTON, May 11 (Re...Reuters
Mon, May 11
Freeport says Grasberg recovery not delayed until 2028, stands by 2027 forecast
Freeport pushes back on reports of delay to Grasberg restartGrasberg is world's second-largest copper mineFull restart still expected by end 2027, Freeport tells ReutersFreeport shares gain 5% as copper prices riseBy Ernest Scheyder May 11 (Reuters) - Freeport-McMoRan FCX.N said on Monday tha...Reuters
Mon, May 11
Oil prices settle higher after Trump says Iran ceasefire "on life support"
Trump calls Iran's response to U.S. peace proposal 'unacceptable'Trump, Xi to discuss Iran among other topics later this weekAramco CEO warns 1 billion barrels lost will slow oil market recovery3 more tankers exit Strait of Hormuz with trackers switched offBy Georgina McCartney HOUSTO...Reuters
Mon, May 11
Turkey set to receive its first shipment from US emergency oil stash
By Georgina McCartney and Arathy Somasekhar HOUSTON, May 11 (Reuters) - A cargo of crude oil loaded from the U.S. Strategic Petroleum Reserve is heading to Turkey, the first shipment of U.S. emergency reserve oil to the Mediterranean country, ship tracking data showed. The U.S. is in the proc...Reuters
Mon, May 11
CBOT corn finishes stronger on crude oil rally
CHICAGO, May 11 (Reuters) - Chicago Board of Trade corn futures ended stronger on Monday as firmer crude oil prices supported grain markets.Oil prices climbed by more than 3% after U.S. President Donald Trump said the ceasefire with Iran was "on life support." The U.S. Department of Agricult...Reuters
Mon, May 11
US natgas futures jump 6% to six-week high as output falls, Freeport LNG train restarts
Waha Hub prices remain negative for record 66 days due to pipeline constraintsUS output declines as low prices prompt producers like EQT to cut productionStorage surplus to narrow to 6% above normal as demand rises and output fallsBy Scott DiSavino NEW YORK, May 11 (Reuters) - U.S. natural gas fu...Reuters
Mon, May 11
Tulsa Fire Department says crews responded to fire at HF Sinclair’s Tulsa refinery
May 11 (Reuters) - Fire crews from the Tulsa Fire Department responded to HF Sinclair's refinery in Tulsa, Oklahoma, at around 11:00 a.m. on Monday to provide standby support after a fire broke out at the facility, the department said in a Facebook post.The refinery's own fire brigade handle...Reuters
Mon, May 11
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