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Stocks
RPT-BREAKINGVIEWS-Keep Fannie and Freddie on tight financial leashes
By Gabriel Rubin WASHINGTON, June 4 (Reuters Breakingviews) - There’s fresh talk about releasing the biggest financial rescues in U.S. history back into the wild. President Donald Trump last week hinted at accelerating efforts to reprivatize mortgage buyers Fannie Mae and Freddie Mac while also s...Reuters
Thu, Jun 5
Other
RPT-BREAKINGVIEWS-Cap-free Wells Fargo could be a fashion faux pas
By Stephen Gandel NEW YORK, June 4 (Reuters Breakingviews) - Wells Fargo WFC.N wore a cap about as stylishly as it could have hoped. The Federal Reserve imposed a $2 trillion limit on the assets the fourth-largest U.S. lender could gather in 2018, the result of a scandal over employees opening fr...Reuters
Thu, Jun 5
Stocks
RPT-BREAKINGVIEWS-Industrial mega-deal shows safe isn’t always sound
By Sebastian Pellejero NEW YORK, June 4 (Reuters Breakingviews) - Flowserve FLS.N and Chart Industries GTLS.N are following a simple premise: bigger is better. The industrial equipment makers on Wednesday announced a $19 billion all-stock merger of equals, creating a sprawling enterprise across ...Reuters
Thu, Jun 5
Stocks
Waterdrop Inc. Announces First Quarter 2025 Unaudited Financial Results, Net profit rises 34.2% year-on-year
BEIJING, June 5, 2025 /PRNewswire/ -- On June 5, 2025, Waterdrop Inc. (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare services with a positive social impact, unveiled its unaudited financial results for the three months ended March 31, 2025. During the quarter, ...PR Newswire
Thu, Jun 5
Other
Mercedes sees itself as 'sounding board' in tariff talks, CEO tells newspaper
BERLIN, June 5 (Reuters) - Mercedes-Benz MBGn.DE views itself as a "sounding board" that contributes ideas in tariff negotiations between the European Union and the United States, CEO Ola Kaellenius told the Frankfurter Allgemeine Zeitung newspaper on Thursday. "As a company, we hold tal...Reuters
Thu, Jun 5
Other
JPMorgan wins UK court order to block VTB's $156 million Russian lawsuits
LONDON, June 5 (Reuters) - JPMorgan Chase JPM.N on Thursday won its bid to block Russia's VTB Bank suing it in Russia over nearly $156 million, in the latest case brought at London's High Court to try and stop Russian litigation.The U.S. lender took legal action in London last year after VTB...Reuters
Thu, Jun 5
Stocks
Brightview drops as top holder KKR carves stake in secondary offering
** Shares of commercial landscaping services provider Brightview Holdings BV.N down 1.4% at $15.50 premarket after secondary offering prices** Blue Bell, Pennsylvania-based firm announces 11.6 mln shares sold by affiliate of KKR KKR.N** Offering size increased from 10 mln shares** Sale by top holde...Reuters
Thu, Jun 5
Cryptocurrencies
Binance maintains 59% dominance of CEX stablecoin reserves: Data
Binance, the biggest crypto exchange by trading volume, controls 59% of all stablecoin reserves across centralized exchanges, according to on-chain data. This accounts for $31.45 billion in USDT and USDC alone. It is more than three times the next closest competitor, OKX, which holds $8.2 billion (15.39%). The stablecoin market cap is on a surge […]Cryptopolitan
Thu, Jun 5
Stocks
Prediction: Reddit Could Surge by 600% in the Next 10 Years
Finding stocks with big potential isn't easy -- but it's far from impossible. One of my favorite places to look is within the tech sector, as that is where many cutting-edge companies reside. Today, let's look at a stock that only debuted a little over a year ago, but has already posted a solid trac...The Motley Fool
Thu, Jun 5
Stocks
WEC Energy dips on planned $700 mln convertible debt deal
** Shares of utility co WEC Energy Group WEC.N down 0.7% premarket to $104.96 as it seeks to raise capital** Milwaukee, Wisconsin-based firm offering privately $700 mln 3-yr convertible bonds** It plans to use net proceeds for general purposes, including repayment of short-term debt** With ~319.1 ml...Reuters
Thu, Jun 5
Stocks
Ed tech firms react to rating changes from Morgan Stanley
** Morgan Stanley revises ratings for education learning platforms Coursera COUR.N and Udemy UDMY.O** Upgrades UDMY to "equal weight" from "underweight", while downgrades COUR to "equal weight" from "overweight"** COUR shares fall 2.1% premarket to $9.18; UDMY rises ...Reuters
Thu, Jun 5
Stocks
Jefferies upgrades Southern Co to 'buy'
** Jefferies upgrades energy provider Southern Company SO.N rating to "buy" from "hold" and cuts PT to $100 from $102** Shares of SO up marginally in premarket trading; new PT is 13.3% upside to stock's last close** Brokerage says company's execution risk diminishes with regu...Reuters
Thu, Jun 5
Other
Vermilion Energy exits US with nearly $88 million asset sale
June 5 (Reuters) - Vermilion Energy VET.TO will sell its United States assets for C$120 million ($87.88 million), the Canadian gas producer said on Thursday, using the proceeds to repay debt and completing its exit from the U.S. market.The transaction, expected to close in the third quarter, will al...Reuters
Thu, Jun 5
