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'Black Swan' hedge fund Universa reaps 100% return amid tariff chaos, investor says
Universa uses options to profit from severe market dislocations'Black Swan' author Taleb is Universa's scientific adviserUniversa gained 4,000% during March 2020 COVID market crashBy Carolina Mandl NEW YORK, May 12 (Reuters) - "Black Swan" hedge fund Universa Investments poste...Reuters
Mon, May 12
Cannes Film Festival director wants more details on Trump tariff plans
CANNES, France, May 12 (Reuters) - Cannes Film Festival director Thierry Fremaux wants more details before discussing President Donald Trump's proposed tariffs on films made outside the United States, he said on Monday. Fremaux, speaking to journalists one day before the festival is due to start...Reuters
Mon, May 12
Soccer-15,000 Argentine fans to be banned from Club World Cup
May 12 (Reuters) - Argentine Security Minister Patricia Bullrich handed the United States Embassy in Buenos Aires on Monday a list of 15,000 violent football fans who will be banned from stadiums during the upcoming Club World Cup.The newly-expanded tournament, to be held on U.S. soil from June 14 t...Reuters
Mon, May 12
EXCLUSIVE-Pentagon halting gender-affirming healthcare for transgender troops, memo says
By Phil Stewart and Idrees Ali WASHINGTON, May 12 (Reuters) - The Pentagon is halting gender-affirming healthcare for transgender troops as it moves to kick them out of the U.S. military, according to a memo seen by Reuters on Monday."I am directing you to take the necessary steps to immediat...Reuters
Mon, May 12
EXCLUSIVE-Pentagon halting gender-affirming health care for transgender troops, memo says
By Phil Stewart and Idrees AliWASHINGTON, May 12 (Reuters) - The Pentagon is halting gender-affirming health care for transgender troops as it moves to kick them out of the U.S. military, according to a memo seen by Reuters on Monday."I am directing you to take the necessary steps to immediately...Reuters
Mon, May 12
Turkish, Russian top diplomats discuss Ukraine-Russia peace efforts, Turkish source says
ANKARA, May 12 (Reuters) - Turkish Foreign Minister Hakan Fidan and Russian counterpart Sergei Lavrov discussed efforts to achieve peace between Russia and Ukraine in a phone call on Monday, a Turkish diplomatic source said.The source gave no other details, but Ukrainian President Volodymyr Zelenski...Reuters
Mon, May 12
Insurance broker Hub valued at $29 billion in fresh investment round
T Rowe, Alpha Wave, Temasek lead investment in HubValuation has surged more than six-fold since 2013Buyout firm H&F will retain controlling interestBy Arasu Kannagi Basil and Pritam Biswas May 12 (Reuters) - Hub International has raised nearly $1.6 billion in a funding round that valued the H...Reuters
Mon, May 12
Buyers of $TRUMP meme spent $148 million to win dinner with President Trump
Top 220 $TRUMP holders to dine with TrumpCritics say $TRUMP meme coin allows foreign access to TrumpSenators propose bills to curb crypto profitsBy Michelle ConlinNEW YORK, May 12 (Reuters) - Buyers of U.S. President Donald Trump’s $TRUMP meme coin spent an estimated $148 million in the contest to w...Reuters
Mon, May 12
Fed survey finds tighter standards, weaker demand for loans in first quarter
By Michael S. Derby and Ann SaphirMay 12 (Reuters) - Top U.S. bank lending officers said credit standards tightened over the first three months of the year, according to a report released on Monday by the Federal Reserve. During the first quarter banks reported "on balance tighter lending standa...Reuters
Mon, May 12
Norway's Wealth Fund to engage Rio Tinto, South32 over environmental concerns
May 12 (Reuters) - Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has decided to actively engage with mining companies Rio Tinto RIO.AX and South32 S32.AX regarding their environmental practices, the fund operator said on Sunday.The executive board of the la...Reuters
Mon, May 12
Ukraine's Zelenskiy: Russia continues attacks, gives no response to proposal for direct talks
May 12 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Monday that Russia was continuing its attacks on Ukraine and had made no response to a proposal for direct talks in Turkey this week in a "strange silence.""Russian shelling and assaults continue," Zelenskiy said in h...Reuters
Mon, May 12
Mercedes to add GLC SUV production at Alabama plant
DETROIT, May 12 (Reuters) - Mercedes MBGn.DE executives on Monday confirmed the company will be adding GLC SUV production at its plant in Tuscaloosa, Alabama.The confirmation came after Mercedes earlier this month said it would bring "a core segment vehicle to Alabama by 2027."Reuters
Mon, May 12
BYD factory delayed in Brazil to be 'fully functional' by end-2026, says official
By Fabio Teixeira RIO DE JANEIRO, May 12 (Reuters) - Chinese electric car maker BYD's 002594.SZ new factory in Brazil will be "fully functional" by December 2026, after its operations were delayed because of an investigation into labor abuses, Bahia state labor secretary Augusto Vasco...Reuters
Mon, May 12
Trump administration may rescind mental health parity rule, filing says
By Diana Novak Jones May 12 - The Trump administration will not enforce a federal rule meant to ensure Americans with private health insurance have access to affordable mental health services and is considering rescinding it altogether, the U.S. Justice Department said in a court filing on Friday...Reuters
Mon, May 12
EU analysing U.S.-UK trade deal for impact on EU, global trade
BRUSSELS, May 12 (Reuters) - The European Commission is analysing the trade deal struck last week between the United States and Britain for implications for the 27-nation European Union and global trade, European Economic Commissioner Valdis Dombrovskis said on Monday.The United States and Britain a...Reuters
Mon, May 12
ADVISORY-Inadvertently issued alert on Century Casinos withdrawn
An alert on Century Casinos CNTY.O announcing Rocky Gap Casino, Resort & Golf receiving awards was inadvertently published and has been withdrawn.There will be no substitute.STORY_NUMBER: nTUA8GMG37STORY_DATE: 12/05/2025STORY_TIME: 05:30 PM GMTReuters
Mon, May 12
BREAKINGVIEWS-US tariff climbdown complicates bleak budget math
By Gabriel Rubin WASHINGTON, May 12 (Reuters Breakingviews) - A mutual climbdown on tariffs charged between the U.S. and China may give relief to investors. It does little to help Republicans’ broader agenda. The centerpiece of President Donald Trump’s domestic policy — extending and expanding hi...Reuters
Mon, May 12
