News
Important Only
White House dismisses Moody's downgrade on US credit rating
WASHINGTON, May 16 (Reuters) - The White House adopted an aggressive tone toward Moody's after the ratings agency downgraded the U.S. credit rating on Friday.White House communications director Steven Cheung reacted to the downgrade via a social media post, singling out Moody's economist, Ma...Reuters
Fri, May 16
CXApp Inc expected to post a loss of 24 cents a share - Earnings Preview
CXApp Inc CXAI.OQ CXAI.O is expected to show a fall in quarterly revenue when it reports results on May 20 for the period ending March 31 2025The Palo Alto California-based company is expected to report a 6.5% decrease in revenue to $1.7 million from $1.82 million a year ago, according to the esti...Reuters
Fri, May 16
UN aid chief: 'Let's not waste time' with US-backed Gaza aid plan
UNITED NATIONS, May 16 (Reuters) - United Nations aid chief Tom Fletcher on Friday said time should not be wasted on an alternative U.S.-backed proposal to deliver aid to Gaza, saying the U.N. has a proven plan and 160,000 pallets of relief ready to enter the Palestinian enclave now."To those pr...Reuters
Fri, May 16
US Supreme Court maintains block on Trump deportations under wartime law
Trump laments "bad and dangerous day for America"He has invoked 1798 law to justify deportations Conservative Justices Alito and Thomas dissentBy Andrew Chung May 16 (Reuters) - The U.S. Supreme Court on Friday kept in place its block on President Donald Trump's deportations of Venezu...Reuters
Fri, May 16
Nissan plans to shut Japan's Oppama, Shonan plants under restructuring, Yomiuri says
TOKYO, May 17 (Reuters) - Nissan 7201.T is preparing plans to close two car assembly plants in Japan, namely its Oppama plant and its subsidiary Nissan Shatai's Shonan plant, as the Japanese automaker restructures, the Yomiuri newspaper reported on Saturday.Overseas, Nissan is considering a plan...Reuters
Fri, May 16
Court rejects Trump bid to swiftly deport migrants to countries not their own
1st Circuit declines to stay ruling barring rapid deportations to third countriesTrial judge has said deportations to Libya would violate his orderCourt order required due process before such deportationsBy Nate Raymond BOSTON, May 16 (Reuters) - The Trump administration lost a bid on Friday to l...Reuters
Fri, May 16
Soccer-Chelsea beat Manchester United to stay on course for Champions League
By Clare LovellLONDON, May 16 (Reuters) - Chelsea stayed in the hunt for a Champions League place next season with a nervy 1-0 victory over Manchester United on Friday, courtesy of a second-half goal from Marc Cucurella.The Spain full back headed home from close range, turning in a cross from capta...Reuters
Fri, May 16
North Korea's Kim oversees air drills
SEOUL, May 17 (Reuters) - North Korean leader Kim Jong Un supervised drills by its air force and underscored the need for a step-up in war preparation, state media KCNA said on Saturday. Kim, who inspected anti-aircraft combat and air strike drills by North Korea's 1st Air Division on Thursday, ...Reuters
Fri, May 16
US Justice Dept takes next steps to merge ATF and DEA, sources say
By Sarah N. Lynch and Brad Heath WASHINGTON, May 16 (Reuters) - The U.S. Justice Department plans to press ahead with a merger of its two agencies that investigate drug and firearms offenses, though the effort would still need approval from Congress, four sources familiar with the matter told Reu...Reuters
Fri, May 16
US FAA to announce temporary flight cuts at Newark after airline meetings
By David Shepardson WASHINGTON, May 16 (Reuters) - The Federal Aviation Administration said Friday it plans to announce proposed temporary cuts to flights at Newark after meetings with major U.S. airlines to address congestion impacts.The FAA held three days of one-on-one meetings with the airlin...Reuters
Fri, May 16
Trump administration to release audio of Biden's special counsel interview, New York Times reports
WASHINGTON, May 16 (Reuters) - The Trump administration plans to release audio of former U.S. President Joe Biden’s 2023 interview with the special counsel investigating his handling of classified documents, The New York Times reported on Friday, citing people familiar.The newspaper said the audio r...Reuters
Fri, May 16
Deadly Israeli strikes pound Gaza, Trump says 'people are starving'
Deadliest strikes since ceasefire collapsed in MarchIsrael preparing expanded operationsTrump says people in Gaza are starvingBy Nidal al-Mughrabi and James Mackenzie CAIRO/JERUSALEM, May 16 (Reuters) - Israeli strikes on Gaza have killed more than 250 people since Thursday morning, local health ...Reuters
Fri, May 16
INSTANT VIEW-With Moody's downgrade, US loses treasured Aaa credit rating
NEW YORK, May 16 (Reuters) - Moody's on Friday downgraded the credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest "that are significantly higher than similarly rated sovereigns."U.S. President Donald Trump's sweeping tax ...Reuters
Fri, May 16
Appeals judges prod Trump admin, union over CFPB wind-down
Trump admin claims actions at CFPB out of court's handsEvidence shows officials plan to shut it down, union lawyer saysCourt's decision likely to help determine fate of consumer watchdogBy Douglas Gillison May 16 (Reuters) - Federal appeals court judges in Washington wrestled Friday with ...Reuters
Fri, May 16
Libyan protesters demand prime minister quit as three ministers resign
TRIPOLI, May 16 (Reuters) - Hundreds of Libyan protesters called on Friday for the ouster of the internationally-recognised prime minister and his government said one security force member was killed when some protesters tried to storm his office.At least three ministers resigned in sympathy with th...Reuters
Fri, May 16
TREASURIES-US yields rise after surprise Moody's downgrade
By Tatiana Bautzer NEW YORK, May 16 (Reuters) - U.S. Treasury yields rose late on Friday after being down for most of the session, after ratings agency Moody's downgraded the U.S. government rating from AAA to AA1, saying the fiscal performance is likely to deteriorate. Yields on U.S...Reuters
Fri, May 16
Morgan Stanley Shareholder Proposal Requesting Annual Disclosure Of The Co's Energy Supply Ratio Not Approved
May 16 (Reuters) - Morgan Stanley MS.N:MORGAN STANLEY - SHAREHOLDER PROPOSAL REQUESTING ANNUAL DISCLOSURE OF THE CO'S ENERGY SUPPLY RATIO NOT APPROVED - SEC FILINGMORGAN STANLEY - SHAREHOLDERS APPROVE INCREASE OF 50 MILLION SHARES UNDER EICP & TO EXTEND TERM OF EICP FOR AN ADDITIONAL 3 YEAR...Reuters
Fri, May 16
