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Did Elon Musk Just Give Nvidia Investors 40 Billion Reasons to Cheer?
When it comes to training generative AI models, Nvidia's (NASDAQ: NVDA) graphics processing units (GPUs) are hailed as the gold standard among industry experts. That's not exactly a novel conclusion considering the semiconductor powerhouse has amassed an estimated 90% or more of the GPU market.The m...The Motley Fool
Fri, May 16
Former senior employee brings unfair dismissal case against London-based hedge fund
By Nell MackenzieLONDON, May 16 (Reuters) - A former senior employee is suing the hedge fund he worked for, claiming bullying and unfair dismissal, in a case that is being heard by a London employment tribunal. Jacopo Moretti is seeking damages from DL and Partners, its star manager Davide Leone, an...Reuters
Fri, May 16
Spectrum owner Charter to buy Cox for $21.9 billion in mega cable deal
Cox Enterprises to own 23% of combined entityDeal comes over a decade after a previous attempt was shelvedSpectrum will be the combined firm's consumer-facing brandDeal will be a major test of M&A regulation under TrumpBy Aditya Soni, Jaspreet Singh and Milana Vinn May 16 (Reuters) - Char...Reuters
Fri, May 16
Edible Garden AG Inc reports results for the quarter ended March 31 - Earnings Summary
Edible Garden AG Inc EDBL.OQ reported a quarterly adjusted loss of $2.47 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-341.25. The lone analyst forecast for the quarter was for a loss of $3.03 per share. Revenue fell 13.2% to ...Reuters
Fri, May 16
CANADA STOCKS-TSX hits another record, marks sixth weekly gain on trade optimism
TSX ends up 0.3% at 25,971.93Eclipses Thursday's record high MEG Energy biggest gainer after takeover bidInvestors remain cautious By Nivedita Balu May 16 (Reuters) - Canada's main stock index hit a record high on Friday, closing firmer for a sixth consecutive week, as worries about a glo...Reuters
Fri, May 16
Greenwich Lifesciences Inc expected to post a loss of 24 cents a share - Earnings Preview
Greenwich Lifesciences Inc GLSI.OQ GLSI.O is expected to show no change in quarterly revenue when it reports results on May 19 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Greenwich Lifesciences Inc is for a loss of 24 cents per share. The one available analy...Reuters
Fri, May 16
US stocks weekly: Back in the black
** S&P 500 .SPX rises third consecutive week, surges 5.3% on trade optimism. Benchmark index finishes in positive territory for 2025 for first time since late Feb .N** Dow .DJI gains >3%, Nasdaq Composite .IXIC rockets ~7%** Indeed, S&P 500 index makes a leap, now down just 3% from record...Reuters
Fri, May 16
US STOCKS-Wall Street advances on trade hopes, data shows investor pessimism
Indexes up: Dow 0.78%, S&P 500 0.70%, Nasdaq 0.52%Charter Communications rises after co to buy Cox CommunicationsU. Mitch Consumer Sentiment Index at 50.8 vs 53.4 estimateApplied Materials falls after Q2 revenue miss By Sinéad Carew and Pranav Kashyap May 16 (Reuters) - Wall Street's main...Reuters
Fri, May 16
Why KULR Technology Group Stock Flopped on Friday
A vivid red number on the bottom line and a revenue miss were the factors pushing down KULR Technology Group (NYSEMKT: KULR) stock on the last trading day of the week. The company's share price eroded by more than 13% across the session, comparing most unfavorably to the S&P 500's (SNPINDEX: ^GSPC) ...The Motley Fool
Fri, May 16
TRADING DAY-Market elation trumps brewing stagflation
By Jamie McGeever ORLANDO, Florida, May 16 (Reuters) - - TRADING DAYMaking sense of the forces driving global marketsBy Jamie McGeever, Markets Columnist If anyone wanted a snapshot of the tight spot the U.S. economy and policymakers are in right now, they got it on Friday via th...Reuters
Fri, May 16
SINTX Technologies Inc reports results for the quarter ended March 31 - Earnings Summary
SINTX Technologies Inc SINT.OQ reported a quarterly adjusted loss of $1.29 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-10.00. The mean expectation of two analysts for the quarter was for a loss of 75 cents per share. Wall St...Reuters
Fri, May 16
EMERGING MARKETS-Latam FX mixed, stocks dip as investors assess trade, economic outlook
MSCI Latam stocks index off 0.5%, FX slips 0.3%Commodity stocks take a hit on lower metals pricesMexico central bank cuts rate but flags trade tensions, weak economyRomanian leu flat after rate decision, eyes on presidential vote Ukraine says it will not rush to restructure warrant debtBy Nikhil Sha...Reuters
Fri, May 16
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025June 17-18 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)July 29-30 (second day: statement released 1400 EDT/18...Reuters
Fri, May 16
LIVE MARKETS-US stocks streak higher; Industrials sector scores record close
Main US indexes end higher; Dow out front, up ~0.8%Healthcare leads S&P 500 sector gainers; Energy sole loserDollar rallies; bitcoin up; crude up >1%; gold down >1%U.S. 10-Year Treasury yield edges down to ~4.44%Welcome to the home for real-time coverage of markets brought to you by Reuter...Reuters
Fri, May 16
REFILE-EMERGING MARKETS-Latam FX, stocks slip as investors mull outlook on trade, economy
MSCI Latam stocks index off 1.4%, FX slips 0.7%Commodity stocks take a hit on lower metals pricesMexico cenbank cuts rate but flags trade tensions, weak economyRomanian leu flat after rate decision, eyes on presidential vote Ukraine says it will not rush to restructure warrant debtBy Nikhil Sharma a...Reuters
Fri, May 16
BioSig Technologies Inc expected to post a loss of 5 cents a share - Earnings Preview
BioSig Technologies Inc BSGM.OQ BSGM.O is expected to show a fall in quarterly revenue when it reports results on May 19 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for BioSig Technologies Inc is for a loss of 5 cents per share. The one available analyst rating ...Reuters
Fri, May 16
Why QuantumScape Stock Surged Higher Friday
Shares of QuantumScape (NYSE: QS) jumped as much as 14% today with the stock holding onto a gain of 10.6% as of 3:35 p.m. ET. New Securities and Exchange Commission (SEC) filings might be what prompted the surge higher.Last week, the solid-state battery technology company named a new chief operating...The Motley Fool
Fri, May 16
US STOCKS-Wall Street advances on trade hopes, data shows investor pessimism
By Sinéad Carew and Pranav Kashyap May 16 (Reuters) - Wall Street's main indexes rose on Friday for their fifth straight daily advance, buoyed by the U.S.-China tariff truce earlier in the week even as economic survey data showed a deterioration in consumer sentiment. While the S&P 500 st...Reuters
Fri, May 16
LogicMark Inc reports results for the quarter ended March 31 - Earnings Summary
LogicMark Inc LGMK.OQ reported a quarterly adjusted loss of 12 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-21.25. The lone analyst forecast for the quarter was for a loss of 3 cents per share. Revenue fell 0.7% to $2.5...Reuters
Fri, May 16
