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US STOCKS-Wall Street stocks slip as Treasury yields rise on worries about Trump tax cuts
Indexes: Dow down 1.66%, S&P 500 down 1.29%, Nasdaq up 1.03%Wolfspeed plunges after reports of potential bankruptcyTarget falls after cutting annual sales forecastUnitedHealth drops after report on secret payments, HSBC downgradeBy Chibuike Oguh NEW YORK, May 21 (Reuters) - U.S. stocks fe...Reuters
Wed, May 21
OpenAI buys iPhone designer Ive's hardware startup, names him creative head
May 21 (Reuters) - OpenAI is buying Jony Ive's startup io Products in a $6.5 billion deal and will bring the chief designer of early iPhones on board as creative head to develop devices tailored for the generative artificial intelligence era.LoveFrom, the design firm founded by Ive after leaving...Reuters
Wed, May 21
TJX Posts Q1 Comps Growth
The TJX Companies (NYSE:TJX) reported first-quarter fiscal 2026 results on May 21, 2025, featuring a consolidated 3% comparable sales increase, a pretax profit margin of 10.3%, and diluted EPS of $0.92. Management maintained full-year FY2026 guidance for sales and earnings growth, assuming that "the...The Motley Fool
Wed, May 21
Progressive’s April combined ratio improves 4.1 points to 84.9%
By Chris MunroMay 21 - (The Insurer) - Progressive Corporation’s April 2025 combined ratio improved by 4.1 points year on year to 84.9% as a reduction in its loss and loss adjustment expense (LAE) ratio more than offset a higher expense ratio.The Mayfield Village, Ohio-based company’s loss and LAE r...Reuters
Wed, May 21
iQIYI Q1 Profit Jumps on Increased User Engagement
iQIYI, Inc. (NASDAQ:IQ) reported first quarter 2025 earnings on May 21, 2025, reporting revenue of RMB 7.2 billion. Membership services revenue increased 7% sequentially. Unique user engagement rose significantly, especially across micro drama formats, while management highlighted ongoing improvemen...The Motley Fool
Wed, May 21
BREAKINGVIEWS-Private credit’s boom faces a cyclical test
By Sebastian Pellejero NEW YORK, May 21 (Reuters Breakingviews) - As private credit rises into the stratosphere, the air is becoming thinner. Non-bank loan providers like Apollo Global Management APO.N and Blackstone BXSL.N have exploded in size, with so-called direct lending reaching $1.6 trilli...Reuters
Wed, May 21
Off-price retailer TJX beats sales estimate as tariff uncertainty looms large
TJX maintains FY26 profit and comparable sales growth forecastForecast assumes impact from US tariffs on its businessQ2 forecast below analysts' estimatesBy Neil J Kanatt May 21 (Reuters) - TJX Cos TJX.N maintained its annual forecast on Wednesday and flagged an impact from U.S. tariffs, whil...Reuters
Wed, May 21
Why TJX Companies' Stock Is Sinking Today
The stock of TJX Companies (NYSE: TJX) is moving lower Wednesday on the heels of the company's first-quarter report. The share price was down 2.5% as of 1 p.m. ET today. The stock had been down as much as 3.7% earlier in the day.TJX reported first-quarter results before the market opened this mornin...The Motley Fool
Wed, May 21
LIVE MARKETS-Kenvue's not-so-smooth sailing course could change, Canaccord Genuity says
Main US indexes turn negative; Dow slides >1.5%Healthcare weakest S&P sector; Comm Svcs sole gainerDollar down; crude dips; gold, bitcoin riseU.S. 10-Year Treasury yield jumps to ~4.58%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share you...Reuters
Wed, May 21
Evolv Technologies Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Evolv Technologies Holdings Inc EVLV.OQ reported a quarterly adjusted loss of 2 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -9 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents per sh...Reuters
Wed, May 21
Why CoreWeave Rallied Big Yet Again Today
Shares of artificial intelligence (AI) "neocloud" CoreWeave (NASDAQ: CRWV) rocketed higher another 19.2% on Monday as of 12:26 p.m. ET.The big move follows a big jump last Friday, two days after CoreWeave reported impressive first-quarter results, and Nvidia disclosed that it had increased its stake...The Motley Fool
Wed, May 21
Southern Company falls after upsized $1.45 billion convertible bonds offering
** Shares of energy provider Southern Company SO.N fall as much as 1.1%; last down 0.8% at $90.06** Southern Company late on Tuesday announced pricing of its offering of $1.45 billion convertible bonds due 2028** Offering upsized from initial size of $1.25 billion convertible bonds** Initial convers...Reuters
Wed, May 21
Copper miners gain on softer dollar, US debt concerns
** Shares of copper miners up, tracking prices of the red metal** Benchmark three-month copper CMCU3 on the London Metal Exchange up 0.1% at $9,528 a metric ton at 1615 GMT (12:15 p.m. ET)** Copper prices edged higher as investors spooked by growing U.S. debt levels looked for hard assets as the dol...Reuters
Wed, May 21
LIVE MARKETS-Is the transportation canary singing a song about recession?
Nasdaq gains, S&P 500 slips, Dow declinesHealthcare weakest S&P sector; Comm Svcs leads gainersDollar down; crude slips; gold up; bitcoin rises >2%U.S. 10-Year Treasury yield rises to ~4.54%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can ...Reuters
Wed, May 21
Cipher Mining declines following $150 million convertible bonds offering
** Shares of bitcoin miner Cipher Mining CIFR.O fall as much as 11.6%; last down 5.2% at $3.59** CIFR announced late on Tuesday that it had priced its public offering of $150 million of five-year convertible bonds ** Proceeds will be use to complete phase-1 of its Black Pearl data center project and...Reuters
Wed, May 21
GLOBAL MARKETS-Stocks mixed, dollar dips; Trump tax bill adds to US fiscal concerns
U.S. stocks mixed in early trading; S&P 500 down slightlyTax-cut bill fuels further federal deficit concernsJapanese bonds in focus after steep selloff on TuesdayInvestors concerned about report of Israel preparing strike on Iran By Caroline Valetkevitch, Lawrence White NEW YORK/LONDON, May 2...Reuters
Wed, May 21
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