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US aims to protect ships from Iran's aggression, Pentagon chief says
WASHINGTON, May 5 (Reuters) - U.S. Defense Secretary Pete Hegseth said on Tuesday that the United States aims to protect shipping from Iranian aggression and its operation, Project Freedom, in the Strait of Hormuz is temporary.Reuters
Tue, May 5
Ukraine tried to attack Russia's Kirishi oil refinery, governor says
MOSCOW, May 5 (Reuters) - Ukraine attacked one of Russia's biggest oil refineries on Tuesday, sparking a fire in an industrial area of Kirishi town in the Leningrad region, Governor Alexander Drozdenko said."The enemy’s main target was the (Kirishinefteorgsintez) oil refinery," Drozdenko...Reuters
Tue, May 5
Frontier Airlines parent posts bigger quarterly loss as fuel costs surge
May 5 (Reuters) - Frontier Group ULCC.O, the parent of low-cost carrier Frontier, reported a bigger first-quarter loss on Tuesday, as a surge in jet fuel prices eroded its margins.The Denver-based airline' adjusted loss per share widened to 30 cents in the three months to March 31 from 19 cents ...Reuters
Tue, May 5
AEP raises capital plan to $78 billion, beats profit estimates on data center demand
May 5 (Reuters) - American Electric Power AEP.O on Tuesday raised its five-year capital investment plan to $78 billion and beat Wall Street estimates for first-quarter profit, as surging power demand from data centers and industrial customers drives expansion across its network.U.S. electricity dema...Reuters
Tue, May 5
Ukraine steps up medium-range strikes on Russian forces
Kyiv doubles its mid-range strikes on Russian forces from MarchZelenskiy says such strikes are "a priority area"Attacks pave way for long-range strikes on Russian oilBy Dan Peleschuk KYIV, May 5 (Reuters) - Ukrainian troops are rapidly increasing medium-range drone strikes on Russian forc...Reuters
Tue, May 5
Neuronetics Q1 revenue rises 8%, slightly beats estimates
OverviewU.S. neurohealth device maker's Q1 revenue rose 8%, slightly beating analyst expectationsNet loss per share narrowed to $0.16 from $0.21 a year earlierGross margin declined to 46.9% from 49.2%, mainly due to product mixOutlookNeuronetics expects Q2 2026 revenue growth in the mid-single d...Reuters
Tue, May 5
PRESS DIGEST-Canada - May 5
May 5 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILCanada's Prime Minister Mark Carney is set to appoint a new governor general on Tuesday to replace Mary Simon, his...Reuters
Tue, May 5
Gold lacks upside momentum as Fed hike bets grow amid US-Iran tensions
Gold (XAU/USD) steadies on Tuesday but lacks upside momentum as higher-for-longer interest rate expectations rise following renewed escalation in the Middle East, which continues to fuel energy-driven inflation concerns.
Fxstreet
Tue, May 5
ADNOC set to push shale-style oil, gas projects after UAE's OPEC exit
ADNOC targets shale-style growth via gas, oil projectsUAE energy strategy shifts after exiting OPEC quotas systemRegional conflict curbs output despite output capacity goalsBy Yousef Saba ABU DHABI, May 5 (Reuters) - Abu Dhabi's ADNOC expects to make a final investment decision this year on i...Reuters
Tue, May 5
Duke Energy tops profit, revenue estimates on rate recovery, weather boost
May 5 (Reuters) - Utility Duke Energy DUK.N exceeded Wall Street expectations for first-quarter profit and revenue on Tuesday, supported by the recovery of rate-based infrastructure investments and favorable weather.Energy companies are pushing to increase customer electricity rates in 2026 to help ...Reuters
Tue, May 5
KazMunayGas to redirect oil exports amid suspension of Druzhba transit, Ifax reports
MOSCOW, May 5 (Reuters) - KazMunayGas (KMG) KMGZ.KZ, Kazakhstan's national oil and gas company, said on Tuesday that it will redirect oil exports to the Caspian Pipeline Consortium (CPC) and Russian ports following the suspension of flows through the Druzhba pipeline, Russian news agency Interfa...Reuters
Tue, May 5
Shoals Technologies Q1 results beat estimates despite higher costs
OverviewUS electrical infrastructure firm's Q1 revenue rose 75% yr/yr, beating analyst expectationsAdjusted EPS for Q1 beat analyst expectationsCompany raised full-year revenue and adjusted EBITDA outlooks on record backlog and strong demandOutlookShoals sees Q2 revenue between $150 mln and $170...Reuters
Tue, May 5
Harley-Davidson Q1 revenue beats estimates on North America retail growth
OverviewMotorcycle maker's Q1 revenue fell 12% yr/yr but beat analyst expectationsDiluted EPS for Q1 dropped 79% yr/yr to $0.22Company repurchased $128 mln of shares in Q1OutlookCompany reaffirms 2026 guidance for HDMC global retail sales of 130,000 to 135,000 unitsHarley-Davidson expects 2026 H...Reuters
Tue, May 5
Marathon Petroleum beats Q1 adjusted EPS estimates
OverviewUS refiner's Q1 adjusted EPS beat analyst expectationsQ1 revenue increased yr/yr, supported by higher refining marginsCompany announced new $5 bln share repurchase authorizationOutlookCompany expects 2Q26 refining operating costs per barrel of $5.65Marathon Petroleum sees 2Q26 refinery t...Reuters
Tue, May 5
Norway offers up to 70 new oil and gas drilling permits
OSLO, May 5 (Reuters) - Norway's government said on Tuesday it is offering 70 new blocks for energy companies to explore for oil and gas in its annual licensing round as the country seeks to extend the life of its petroleum industry.The new blocks include 38 areas in the Barents Sea, 10 areas in...Reuters
Tue, May 5
Marathon Petroleum first-quarter profit beats estimates on refining margin boost
May 5 (Reuters) - Marathon Petroleum MPC.N on Tuesday beat Wall Street estimates for first-quarter profit, benefiting from stronger refining margins amid tighter global supply driven by the Middle East war.The Findlay, Ohio-based refiner reported adjusted profit of $1.65 per share for the quarter en...Reuters
Tue, May 5
Morgan Stanley sees US gasoline inventories falling to historic lows
May 5 (Reuters) - U.S. gasoline inventories are drawing down sharply, heading toward historical summer lows, as a collapse in imports and shifts in refinery yield tighten supply, Morgan Stanley said in a Monday note. In their base case, analysts at the bank see U.S. gasoline inventories falling t...Reuters
Tue, May 5
GRAINS-Chicago grains ease on rain forecasts and Mideast tensions
Wheat, corn and soybeans edge down after two-day riseEasing oil prices, forecast rain in U.S. wheat belts curb pricesBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, May 5 (Reuters) - Chicago wheat, corn and soybean futures edged lower on Tuesday, snapping a two-session rally, as traders assess...Reuters
Tue, May 5
Grain trader ADM beats first-quarter profit estimates
May 5 (Reuters) - Archer-Daniels-Midland ADM.N beat Wall Street estimates for first-quarter adjusted profit on Tuesday, as the company benefited from higher margins in its grain trading business.The Chicago-based company posted an adjusted profit of 71 cents per share for the three months ended Marc...Reuters
Tue, May 5
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