News
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INSTANT VIEW-With Moody's downgrade, U.S. 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
Soccer-Chelsea beat Manchester United to stay on course for Champions League
LONDON, 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 goal from defender Marc Cucurella.The Spaniard headed home from close range, turning in a cross from captain Reece James, who bambo...Reuters
Fri, May 16
INSTANT VIEW-Moody's downgrades U.S. credit rating from Aaa
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 bill faile...Reuters
Fri, May 16
Defense and space tech firm Voyager reveals annual revenue rise in US IPO filing
May 16 (Reuters) - Defense technology and space solutions company Voyager Technologies has revealed a rise in its 2024 revenue in filings for its initial public offering in the United States on Friday.The company confidentially filed for the IPO in January. It did not disclose the number of shares i...Reuters
Fri, May 16
RPS: New entrants exert downward pressure on rates in the executive lines market in 2025
By Isha MaratheMay 16 - (The Insurer) - The executive lines insurance market is favorable for policyholders in 2025 as new entrants in cyber and technology errors and omissions, and general miscellaneous professional lines, push premiums down, wholesaler Risk Placement Services has said.In a new ma...Reuters
Fri, May 16
Ten inmates at New Orleans jail escape, including accused murderers
By Brad BrooksMay 16 (Reuters) - Ten inmates escaped from a jail in New Orleans, authorities said on Friday, including some charged with murder, but the city's police department was not notified until two hours after the discovery that the prisoners were missing. Orleans Parish Sheriff Susan Hut...Reuters
Fri, May 16
RPS appoints Foody to executive lines practice leader
By Isha MaratheMay 16 - (The Insurer) - Risk Placement Services has appointed Tim Foody, former area senior vice president within RPS’s executive lines practice, as its executive lines practice leader.The move was effective May 1.Foody will oversee a team delivering specialized cyber, D&O, EPL ...Reuters
Fri, May 16
US FDA clears first blood test for Alzheimer's detection
By Christy SanthoshMay 16 (Reuters) - The U.S. Food and Drug Administration has cleared Fujirebio Diagnostics' blood test to diagnose Alzheimer's disease, the regulator said on Friday, making the device the first of its kind to detect the brain-wasting condition.Blood tests could speed up di...Reuters
Fri, May 16
FACTBOX-Top cases before the US Supreme Court
May 16 (Reuters) - The U.S. Supreme Court's current term includes cases involving birthright citizenship, guns, gender-affirming medical care for transgender minors, online pornography, religious rights, preventive healthcare, Planned Parenthood funding, job discrimination, federal regulatory po...Reuters
Fri, May 16
US FAA to announce temporary flight cuts at Newark after airline meetings
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 from runway construction, equipment and staffing issues.The FAA held three days of on...Reuters
Fri, May 16
US appeals court rejects Trump bid to swiftly deport migrants to third countries
BOSTON, May 16 (Reuters) - The Trump administration lost a bid on Friday to lift a judge's order barring it from swiftly deporting migrants to countries other than their own including Libya and El Salvador without first hearing their concerns about their safety.The Boston-based 1st U.S. Circuit ...Reuters
Fri, May 16
Cardio Diagnostics Holdings Inc expected to post a loss of $1.80 a share - Earnings Preview
Cardio Diagnostics Holdings Inc CDIO.OQ CDIO.O is expected to show a rise in quarterly revenue when it reports results on August 12 (estimated) for the period ending March 31 2025The Chicago Illinois-based company is expected to report a 213.9% increase in revenue to $50 thousand from $15.93 thous...Reuters
Fri, May 16
Moody's Downgrades United States Ratings To AA1 From AAA, Changes Outlook To Stable
May 16 (Reuters) - Moody's: MOODY'S RATINGS DOWNGRADES UNITED STATES RATINGS TO AA1 FROM AAA; CHANGES OUTLOOK TO STABLEMOODY'S: US' LONG-TERM LOCAL- AND FOREIGN-CURRENCY COUNTRY CEILINGS REMAIN AT AAAMOODY'S ON U.S.: DO NOT BELIEVE MATERIAL MULTI-YEAR REDUCTIONS IN MANDATORY SPEN...Reuters
Fri, May 16
Fortress Biotech Inc expected to post a loss of 49 cents a share - Earnings Preview
Fortress Biotech Inc FBIO.OQ FBIO.O is expected to show a fall in quarterly revenue when it reports results on August 11 (estimated) for the period ending March 31 2025The Bay Harbor Islands Florida-based company is expected to report a 10.8% decrease in revenue to $11.621 million from $13.03 mill...Reuters
Fri, May 16
T Stamp Inc expected to post a loss of 35 cents a share - Earnings Preview
T Stamp Inc IDAI.OQ IDAI.O is expected to show a rise in quarterly revenue when it reports results on August 13 (estimated) for the period ending June 30 2025The Atlanta Georgia-based company is expected to report a 159.8% increase in revenue to $1.3 million from $500.4 thousand a year ago, accord...Reuters
Fri, May 16
Southern California Edison submits three-year wildfire mitigation plan
May 16 (Reuters) - Utility Edison International's EIX.N unit Southern California Edison (SCE) said on Friday it has submitted a three-year wildfire mitigation plan to California's Office of Energy Infrastructure Safety.The company expects an investment of $6.2 billion over three years from 2...Reuters
Fri, May 16
XORTX Therapeutics Inc expected to post a loss of 33 cents a share - Earnings Preview
XORTX Therapeutics Inc XRTX.V is expected to report results on May 19 (estimated) for the period ending December 31 2024LSEG's mean analyst estimate for XORTX Therapeutics Inc is for a loss of 33 cents per share. The one available analyst rating on the shares is "buy". The mean earnin...Reuters
Fri, May 16
