News
Important Only
White House to send Congress small package of DOGE spending cuts, Politico reports
WASHINGTON, May 28 (Reuters) - The White House intends to send Congress a small spending package next week intended to formalize cuts made by billionaire Elon Musk's team targeting federal government spending, Politico reported on Wednesday, citing several unidentified Republican officials.Two R...Reuters
Wed, May 28
DIARY-Political and General News Events from May 28
May 28 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ---------...Reuters
Wed, May 28
Chalk Raises $50 Million Series A At $500 Million Valuation
May 28 (Reuters) - CHALK:CHALK RAISES $50M SERIES A TO POWER AI INFERENCECHALK RAISES $50 MILLION SERIES A AT A $500 MILLION VALUATIONCHALK: ROUND LED BY FELICIS WITH PARTICIPATION FROM TRIATOMIC CAPITAL, GENERAL CATALYST, UNUSUAL VENTURES, & XFUNDFurther company coverage: [ ]Reuters
Wed, May 28
Airbus warns airlines delivery delays to last three years, sources say
Airbus pushing back deliveries slated for 2027/2028, sources sayDeliveries expected to be lower in May, Cirium expert saysAirbus has reported some improvement in supply chainsHowever parts and labour shortages persist since pandemic By Tim Hepher PARIS, May 28 (Reuters) - Airbus AIR.PA is warning...Reuters
Wed, May 28
Cycling-Del Toro claims stage 17 win and extends Giro lead
May 28 (Reuters) - Isaac Del Toro of UAE Team Emirates-XRG maintained his excellent form at the Giro d'Italia to win stage 17 with a perfectly-timed sprint on Wednesday, with the Mexican's first stage victory of the race allowing him to extend his lead in the overall standings.The 155-km rou...Reuters
Wed, May 28
E&S Insurer Conference panel: Capital supporting E&S casualty remains 'pretty healthy'
By Chris MunroMay 28 - (The Insurer) - Capital supporting the E&S casualty market remains “pretty healthy” even as the sector faces various challenges with rates picking up again after seeing a slight softening last year.Speaking during the E&S Insurer Conference 2025 on Wednesday morning, C...Reuters
Wed, May 28
Russia proposes to Ukraine date and venue for peace talks, expects a reply
MOSCOW, May 28 (Reuters) - Vladimir Medinsky, the head of Russia's delegation at peace talks on Ukraine, said on Wednesday he had sent proposals to Ukraine with a date and venue to exchange memorandums, or conditions, to stop the fighting.He also said on the Telegram messaging app that he expect...Reuters
Wed, May 28
Sustainable Finance Newsletter - Feds back Texas lawsuit vs fund firms over climate investing
By Ross Kerber May 28 (Reuters) - U.S. federal antitrust officials last week picked sides and lined up with Republican-led states in an antitrust lawsuit against the top three asset managers. You can read about the "Statement of Interest" they filed in this week's main story, ...Reuters
Wed, May 28
Euro zone bond yields edge up, snapping 4-day falling streak
By Stefano Rebaudo May 28 (Reuters) - Euro zone government bond yields edged up on Wednesday, snapping a four-day falling streak as investors await developments on the tariff front that could affect the economic outlook.U.S. President Donald Trump said on Tuesday the European Union's move to ...Reuters
Wed, May 28
Jefferies poaches four senior tech bankers from Guggenheim Partners, sources say
By Milana Vinn May 27 - Jefferies JEF.N has lured away four of Guggenheim Partners' senior-most technology bankers on the West Coast, an unusually large hiring spree as the boutique investment bank builds up its tech practice, according to people familiar with the matter.Guggenheim's seni...Reuters
Wed, May 28
Jurisdictional differences posing new challenges for E&S casualty underwriters: Everest's Buonpane
By Isha MaratheMay 28 - (The Insurer) - The casualty sector has had to shift its underwriting mentality in response to an increasing focus on differences in U.S. state-to-state regulations and a growing chasm in jurisdictional torts and reforms, said Everest Evolution president Stephen Buonpane at ...Reuters
Wed, May 28
Drug developer iTeos winds down after cancer therapy setback
By Kamal Choudhury May 28 (Reuters) - ITeos Therapeutics ITOS.O plans to wind down its operations and sell its assets, including experimental cancer treatments and an obesity drug, the company said on Wednesday, two weeks after its lead drug failed in two studies. The drug developer and its ...Reuters
Wed, May 28
PREVIEW-Kohl's annual forecasts in spotlight after leadership turmoil, tariff uncertainty
By Savyata Mishra May 28 (Reuters) - Kohl's KSS.N could scrap its annual forecasts on Thursday when the U.S. department store chain reports quarterly earnings, analysts said, as the abrupt ouster of its top boss adds to its challenges against the backdrop of pressure from tariffs.CEO Ashley ...Reuters
Wed, May 28
Itochu Is Investing In U.S. Autonomous Driving Startup May Mobility To The Tune Of 1 Billion Yen, Nikkei says
May 28 (Reuters) - ITOCHU IS INVESTING IN U.S. AUTONOMOUS DRIVING STARTUP MAY MOBILITY TO THE TUNE OF 1 BILLION YEN - NIKKEITHE TRANSACTION OCCURRED IN APRIL AS PART OF A CAPITAL AND BUSINESS ALLIANCE - NIKKEIReuters
Wed, May 28
RTX CEO said Pratt & Whitney strike will impact quarterly cash
May 28 (Reuters) - A weeks' long strike by 3,000 U.S. Pratt & Whitney engine workers will impact free cash flow during the second quarter, but the aerospace and defense giant should be able to recover that during the year, RTX RTX.N CEO Chris Calio said on Wednesday. "There will be cash ...Reuters
Wed, May 28
Russia's Lavrov says Germany's direct involvement in Ukraine war is already clear
MOSCOW, May 28 (Reuters) - Russian Foreign Minister Sergei Lavrov said on Wednesday that Germany's plans to jointly develop long-range missiles with Ukraine, as well as supplies of its tanks to Kyiv, showed that it was already a participant in the Russia-Ukraine war.German Chancellor Friedrich M...Reuters
Wed, May 28
