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Musk, Republican Party's biggest donor, says he will cut political spending
Musk was biggest Republican donor in 2024Musk's Department of Government Efficiency sought to eliminate thousands of federal jobsTesla sales have slumped amid protests in US, EuropeBy Nandita Bose, Andrew Mills and Akash Sriram DOHA/WASHINGTON, May 20 (Reuters) - Elon Musk, who spent nearly $...Reuters
Tue, May 20
Hovnanian Enterprises Inc reports results for the quarter ended April 30 - Earnings Summary
Hovnanian Enterprises Inc HOV.N reported quarterly adjusted earnings of $2.43 per share for the quarter ended April 30. The lone analyst forecast for the quarter was for earnings of $2.45 per share. Revenue was $686.47 million; analysts expected $733.20 million. Hovnanian Enterprises Inc's r...Reuters
Tue, May 20
Vaccine makers up after FDA sets new guidelines for COVID shot approval
** Shares of vaccine makers rise after FDA leaders' comments on new guidelines for approval of COVID boosters ** Shares of Moderna MRNA.O up 8.5% at $28.62, Pfizer PFE.N up 2.2% at $23.50 and Novavax NVAX.O up 1.5% at $7.86** U.S. FDA plans to mandate new placebo-controlled clinical trials for a...Reuters
Tue, May 20
GLOBAL MARKETS-Stocks ease, Treasury yields rise; US tax-cut bill in focus
US stocks down in afternoon tradingSuper-long Japanese government bond prices fall sharply Dollar declines while gold rises 1%By Caroline Valetkevitch NEW YORK, May 20 (Reuters) - Major stock indexes eased while U.S. Treasury yields rose on Tuesday as investors focused on a critical vote in Washi...Reuters
Tue, May 20
Why Home Depot Stock Is Volatile Today
Home Depot (NYSE: HD) missed earnings expectations, but the company's sales came in stronger than expected.Investors aren't sure what to think of the results. Shares of Home Depot traded up as much as 3% early in the day, but were down 1% at 1 p.m. ET.Where to invest $1,000 right now? Our analyst te...The Motley Fool
Tue, May 20
Zoom falls as Alphabet unveils video communications platform Google Beam
** Shares of video conferencing platform Zoom Communications ZM.O fall as much as 1.9% to $81.3; last down 0.7% at $82.8** Alphabet GOOGL.O announces AI-first video communications platform, Google Beam, at its annual developer conference ** GOOGL CEO says Google Beam will be in partnership with HP I...Reuters
Tue, May 20
European first-quarter corporate profits seen rising 2.3%, up from last week's estimate
By Marleen Kaesebier and Javi West Larrañaga May 20 (Reuters) - The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday.European companies are expected to report a rise of 2.3% in first-quarter earnings, on average, according to LSEG I/B/E/S data. T...Reuters
Tue, May 20
LIVE MARKETS-TSA traffic dips, airlines lose altitude on air traffic control glitches, dampened tourism demand
Main US indexes slightly redReal estate weakest S&P sector; Utilities lead gainersDollar down; crude, bitcoin rise; gold up >1.5%US 10-Year Treasury yield flat at ~4.48%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with ...Reuters
Tue, May 20
This Artificial Intelligence (AI) Stock Looks Poised for a Rebound
It's been a long journey for SoundHound AI (NASDAQ: SOUN). Founded in 2005, the company has worked for decades to assemble a voice AI platform that enables customized conversational experiences. It's powered by more than 200 patents, and major businesses including Honda and Oracle have already signe...The Motley Fool
Tue, May 20
Prediction: This Artificial Intelligence (AI) Stock Will Be Worth $5 Trillion in 3 Years
Nvidia (NASDAQ: NVDA) is the second-largest company in the world with a market cap of $3.3 trillion as of this writing, and the chip designer has reached this position thanks to its ability to remain ahead of disruptive tech trends over the years.From making graphics cards for personal computers (PC...The Motley Fool
Tue, May 20
5 Things Investors Need to Know About Trump's "One, Big, Beautiful Bill"
The U.S. House of Representatives has unveiled a legislative package dubbed "One Big, Beautiful bill," a phrase President Donald Trump has now said several times on his various social media accounts or in front of media. The bill attempts to combine several priorities in Trump's legislative agenda w...The Motley Fool
Tue, May 20
President Donald Trump's One, Big, Beautiful Bill Comes With Over $5 Trillion in Tax Cuts -- and Possible Unintended Consequences
House Republicans recently unveiled a legislative package called The One, Big, Beautiful Bill, a phrase that President Donald Trump has used to describe what could end up being a landmark piece of legislation during his second term. Republicans will attempt to pass large parts of Trump's legislative...The Motley Fool
Tue, May 20
Why Novo Nordisk Stock Popped on Tuesday
Novo Nordisk (NYSE: NVO) stock jumped 3% through 10:55 a.m. Tuesday on some potentially positive news in the GLP-1 weight loss market.As Reuters reports today, an online weight loss company called Noom has begun selling smaller doses of compounded versions of Novo Nordisk's Wegovy GLP-1 drug. This d...The Motley Fool
Tue, May 20
European first-quarter corporate profits seen rising 2.3%, up from last week's estimate
May 20 (Reuters) - The outlook for European corporate health has improved, latest earnings forecasts showed on Tuesday.European companies are expected to report a rise of 2.3% in first-quarter earnings, on average, according to LSEG I/B/E/S data. That is up from the 1.9% increase analysts had expect...Reuters
Tue, May 20
European shares close near nine-week high, powered by utility, telecom stocks
Renewable energy firms, luxury stocks gain UBS down after report bank faces Swiss capital setbackDiploma hits record high after forecast raiseVodafone gains as it expects cash-flow growthBy Sruthi Shankar, Ragini Mathur and Purvi Agarwal May 20 (Reuters) - European stocks closed at near nine-week...Reuters
Tue, May 20
US STOCKS-S&P 500 set to snap six-day winning streak, Fed commentary in focus
Indexes down: Dow 0.25%, S&P 500 0.35%, Nasdaq 0.40%Tesla up after Musk says committed to being CEOHome Depot pares earlier gains following Q1 sales beat By Shashwat Chauhan and Kanchana Chakravarty May 20 (Reuters) - Wall Street's main indexes fell on Tuesday, with the benchmark S&P ...Reuters
Tue, May 20
