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Stocks
2 Recession-Proof Stocks to Buy and Hold
President Trump's trade policies are sparking concerns about a potential recession. Though it's hard to predict an upcoming economic downturn, it's never a bad idea for investors to buy shares of companies that can perform relatively well even in bad times. These corporations often have robust under...The Motley Fool
Thu, Jun 5
Other
EXCLUSIVE-Gucci owner Kering in talks to sell stake in $1 billion Fifth Avenue property, sources say
By Elisa Anzolin and Mathieu Rosemain PARIS/MILAN, June 5 (Reuters) - Gucci owner Kering PRTP.PA is in exclusive talks with buyout group Ardian about the sale of a stake in a prestigious Fifth Avenue building it bought just over a year ago, two people with direct knowledge of the matter told Reut...Reuters
Thu, Jun 5
Forex
USD/INR pulls back from 86.00 as the US Dollar softens, RBI rate decision in focus
The Indian Rupee (INR) strengthens modestly against the US Dollar (USD) on Thursday, ending a two-day losing streak as the Greenback softened following Wednesday’s weaker-than-expected US economic data.Fxstreet
Thu, Jun 5
Stocks
PRECIOUS-Gold rises as traders await US data; silver hits over 13-year high
US non-farm payroll data due on FridayTrump says Fed chief must lower interest rateSilver hits highest level in more than 13 yearsBy Anushree Mukherjee and Brijesh Patel June 5 (Reuters) - Gold held its ground on Thursday as investors looked forward to U.S. non-farm payrolls data due later this w...Reuters
Thu, Jun 5
Other
Hiscox adds affirmative AI cover to PI offering for technology firms
By Rebecca DelaneyJune 5 - (The Insurer) - Hiscox has expanded its professional indemnity offering for technology businesses to include affirmative cover for AI-related claims, the insurer said on Thursday.The new wording provides explicit cover for businesses that use AI to complete daily activitie...Reuters
Thu, Jun 5
Stocks
Phio Pharma up after H.C. Wainwright assumes coverage with 'buy' rating
** Shares of drug developer Phio Pharmaceuticals PHIO.O rises 12.4% to $2.36 premarket ** Brokerage H.C. Wainwright assumes coverage with "buy" rating; sets PT at $14 ** New PT represents a near seven-fold increase from the stock's last close** "We believe Phio is flying under the ra...Reuters
Thu, Jun 5
Stocks
Euro, bond yields, stocks little changed after ECB rate cut
LONDON, June 5 (Reuters) - The euro and euro zone government bond yields were little changed on Thursday after the European Central Bank cuts its deposit rate by 25 basis points to 2%, in line with expectations. The euro EUR=EBS was last flat on the day against the dollar at $1.1423, broadly in line...Reuters
Thu, Jun 5
Economic Indicator
ECB cuts inflation, growth projections
FRANKFURT, June 5 (Reuters) - The European Central Bank cut some of its growth and inflation projections on Thursday as the fallout from a global trade war is likely to prove a drag for the 20-nation euro zone. Inflation is now seen falling further below the ECB's 2% target next year as lower en...Reuters
Thu, Jun 5
Stocks
Copper miners gain as red metal hits two-month high on supply worries
** U.S.-listed shares of copper miners gain premarket, tracking red metal's prices** Benchmark three-month copper CMCU3 on London Metal Exchange up 1.5% at $9,761 per metric ton, strongest since April 1** Copper prices rise amid dwindling inventories in London Metal Exchange warehouses and suppl...Reuters
Thu, Jun 5
Commodities
Gold extends gains ahead of ECB rate decision, US Jobless Claims, and trade talks
Gold (XAU/USD) extends its upward move during the European session on Thursday, with markets focusing on the European Central Bank (ECB) decision, US employment data, and developments surrounding trade talks ahead of US President Donald Trump’s meeting with German Chancellor Friedrich Mertz.
Fxstreet
Thu, Jun 5
Other
Denmark won't bend to Trump's pressure over Greenland, prime minister says
OSLO, June 5 (Reuters) - Denmark will not yield to "unacceptable" pressure from the United States for control of semi-autonomous Greenland, Danish Prime Minister Mette Frederiksen said on Thursday, warning Greenlanders' right to self-determination was at stake.President Donald Trump has ...Reuters
Thu, Jun 5
Forex
ECB cuts rates for eighth time amid trade war risk
FRANKFURT, June 5 (Reuters) - The European Central Bank cut interest rates for the eighth time in a year on Thursday, acknowledging inflation was under control and turning more pessimistic about the euro zone's economic prospects amid risks of a trade war with the United States.Thursday's cu...Reuters
Thu, Jun 5
Other
Tennis-Italians Errani and Vavassori cruise to French Open mixed doubles title
PARIS, June 5 (Reuters) - Sara Errani and Andrea Vavassori of Italy swept to a 6-4 6-2 victory over Americans Taylor Townsend and Evan King on Court Philippe Chatrier to claim the French Open mixed doubles crown on Thursday.Errani and Vavassori claimed their second mixed doubles Grand Slam crown, wi...Reuters
Thu, Jun 5
Commodities
Spain pays first arbitration award in long-running renewable subsidies dispute
MADRID, June 5 (Reuters) - The Spanish government has agreed to pay 32 million euros ($37 million) to a U.S. fund to end a legal dispute tied to renewable energy subsidies that were cut over a decade ago, an Energy Ministry spokesperson said on Thursday.Foreign investors, mostly investment funds, to...Reuters
Thu, Jun 5
