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COLUMN-Navigating US markets' split personalities: McGeever
By Jamie McGeeverORLANDO, Florida, Aug 5 (Reuters) - During an extraordinary few days when the worlds of U.S. politics, policy, economics and company earnings collided, the divergences that run through the country's equity and bond markets have come into sharp relief.For the bond market, the spl...Reuters
Tue, Aug 5
Commodities
Trump says US to initially impose 'small tariff' on pharma imports
WASHINGTON Aug 5 (Reuters) - President Donald Trump said on Tuesday the U.S. would be initially putting a "small tariff" on pharmaceutical imports before increasing the rate in a year or so."In one year, one and a half years maximum, it's going to go to 150% and then it's going t...Reuters
Tue, Aug 5
Other
Blackstone to acquire Japan's TechnoPro for about $3.4 bln, Nikkei reports
TOKYO, Aug 5 (Reuters) - Blackstone BX.N plans to acquire major Japanese engineering staffing firm TechnoPro Holdings 6028.T for about 500 billion yen ($3.39 billion), the Nikkei business daily reported on Tuesday.Blackstone will likely offer just below 4,900 yen for each TechnoPro share in the tend...Reuters
Tue, Aug 5
Other
Apollo CEO says increasing 401(k) funds' access to private markets makes 'common sense'
NEW YORK, Aug 5 (Reuters) - Apollo APO.N CEO Marc Rowan expressed support on Tuesday for an expected move by U.S. President Donald Trump to encourage more retail retirement funds to be channeled to private markets. "I believe we are on the cusp of being able to serve the 401(k) and the defined c...Reuters
Tue, Aug 5
Other
Agnellis to boost M&A warchest with Iveco sale, source says
Iveco deals to bring in around 1.5 billion euros next yearExor's cash pile to exceed 4 billion euros Tech, healthcare and luxury preferred investment areasBy Giulio Piovaccari MILAN, Aug 5 (Reuters) - Proceeds from the sale of truckmaker Iveco and its defence arm will boost the Agnellis' ...Reuters
Tue, Aug 5
Stocks
ACRE Earnings Miss With 25% Sales Drop
Key PointsNon-GAAP EPS was $(0.51), far below the analyst estimate of $0.00 (non-GAAP).Revenue (GAAP) declined 25.2% year over year to $12.565 million, missing non-GAAP EPS expectations.The quarterly dividend was cut by 40% to $0.15 per share, down from $0.25 per share in Q1 2024.These 10 stocks cou...The Motley Fool
Tue, Aug 5
Stocks
Tesla, Musk sued by shareholders over Robotaxi claims
Aug 5 (Reuters) - Elon Musk and Tesla TSLA.O were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company's self-driving vehicles, including the Robotaxi, were dangerous.The proposed class action was filed on Monday night in Austin, Texas, f...Reuters
Tue, Aug 5
Other
DIARY-Political and General News Events from August 5
Aug 5 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY ----------...Reuters
Tue, Aug 5
Stocks
Frontier Group forecasts bigger-than-expected Q3 loss on soft domestic demand
Aug 5 (Reuters) - Frontier Group ULCC.O, parent of discount carrier Frontier Airlines, forecast a bigger-than-expected loss for the third quarter on Tuesday, as soft domestic travel demand weighs on fares, causing its shares to fall 3% in premarket trading.Several major U.S. carriers, including Fron...Reuters
Tue, Aug 5
Other
Motor racing-Cadillac will add value as 11th F1 team, says McLaren's Brown
By Alan BaldwinLONDON, Aug 5 (Reuters) - Cadillac's arrival in Formula One next year as an 11th team will bring added financial value with new partners and more fan engagement rather than diluting resources, according to McLaren's American chief executive Zak Brown.The General Motors-backed ...Reuters
Tue, Aug 5
Stocks
Duke Energy Corp reports results for the quarter ended June 30 - Earnings Summary
Duke Energy Corp DUK.N reported quarterly adjusted earnings of $1.25 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.18. The mean expectation of fifteen analysts for the quarter was for earnings of $1.18 per share. Wall Street e...Reuters
Tue, Aug 5
Stocks
US awards NioCorp unit $10 million to build scandium supply chain
** Shares of Canadian miner NioCorp NB.O rise 3% to $3.42 premarket ** U.S. Department of Defense awards $10 million to Elk Creek Resources, a unit of NB, to develop the country's first domestic scandium supply chain** The funding will support engineering, drilling and feasibility studies which ...Reuters
Tue, Aug 5
Stocks
Pre-Bell | Nasdaq Futures Rise 0.3%; Palantir Jumps 7%; Arteris Soars 58%; Trump Says May Not Run for US President Again
Stock futures were slightly higher early Tuesday, following Wall Street’s rebound, as investors followed the latest batch of corporate earnings. During a live interview on CNBC's "Squawk Box," U.S. President Trump said he may not run for U.S. President again.Market SnapshotAt 8:45 a.m. ET, S&P 500 f...Tiger News
Tue, Aug 5
Other
Clay valued at $3.1 billion in latest fundraise as AI continues to run hot
Aug 5 (Reuters) - AI startup Clay has raised $100 million in its latest fundraising round, the company said on Tuesday, valuing it at $3.1 billion as investors continue to pour money into artificial intelligence companies.Reuters
Tue, Aug 5
Other
UK's CMA Says Aramark / Entier Merger Will Move To In-Depth Phase 2 Investigation
Aug 5 (Reuters) - UK's CMA:UK'S CMA: ARAMARK'S COMPLETED PURCHASE OF ENTIER WILL MOVE TO AN IN-DEPTH PHASE 2 INVESTIGATIONUK'S CMA: CONCERNED DEAL MAY LEAD TO HIGHER PRICES AND/OR LACK OF CHOICE FOR COS THAT PROVIDE ON-SITE CATERING TO STAFF BASED AT SEAReuters
Tue, Aug 5
