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Economic Indicator
US Congress budget office sees economic output falling from Trump tariffs
WASHINGTON, June 4 (Reuters) - U.S. economic output will fall as a result of President Donald Trump's new tariffs on foreign goods that were in place as of May 13, while also reducing federal budget deficits by $2.8 trillion over a decade, the non-partisan Congressional Budget Office said on Wed...Reuters
Wed, Jun 4
Other
US Army helicopter flights at Pentagon remain suspended after close call
WASHINGTON, June 4 (Reuters) - U.S. Army helicopter flights around the Pentagon remain suspended after two passenger airline flights were forced to abort landings on May 1 at Reagan Washington National Airport because of a nearby Black Hawk helicopter, the acting head of the Federal Aviation Adminst...Reuters
Wed, Jun 4
Other
Bernie Madoff customers to recoup $498 million, payout tops $15 billion
By Jonathan Stempel NEW YORK, June 4 (Reuters) - Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.26 billion.The Luxembourg Investment Fund and Lu...Reuters
Wed, Jun 4
Other
Odyssey adds deputy CUO roles to OdysseyRe and Newline Group in London
By Rebecca DelaneyJune 4 - (The Insurer) - Fairfax Financial's Odyssey Group Holdings has bolstered its London underwriting capabilities with the appointment of deputy chief underwriting officers at both OdysseyRe and Newline Group.OdysseyRe has named Matthew Sheppard to the newly created role o...Reuters
Wed, Jun 4
Other
Arthur J. Gallagher & Co. Acquires Wilkins & Associates Insurance Services
June 4 (Reuters) - Arthur J. Gallagher & Co. AJG.N:ARTHUR J. GALLAGHER & CO. ACQUIRES WILKINS & ASSOCIATES INSURANCE SERVICES, INC.ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSED.ARTHUR J. GALLAGHER & CO.: TERMS OF TRANSACTION WERE NOT DISCLOSEDReuters
Wed, Jun 4
Stocks
TransMedics up after Piper Sandler PT rise
** Shares of medtech company TransMedics Group TMDX.O rise 1.6% to $130.79** Piper Sandler raises TMDX's PT to $145 from $125** Piper believes TMDX is on track to beat sales estimates for Q2, which could continue stock's strong momentum seen in recent months** While there was a slight declin...Reuters
Wed, Jun 4
Commodities
Production at Brazilian soft drink maker linked to Coca-Cola suspended
BRASILIA, June 4 (Reuters) - Brazilian soft drink company Solar, which produces for Coca-Cola KO.N in the country, has detected a fault in its system, leading production to be suspended as a precautionary measure, Agriculture Minister Carlos Favaro said on Wednesday. All the product may have bee...Reuters
Wed, Jun 4
Other
Bolttech Closes Series C Fundraise, Adds Strategic Investors Sumitomo Corp & Iberis Capital
June 4 (Reuters) - Bolttech:BOLTTECH CLOSES SERIES C FUNDRAISE, WELCOMES STRATEGIC INVESTORS SUMITOMO CORPORATION AND IBERIS CAPITALBOLTTECH: SHARES ACQUIRED BY SERIES C INVESTORS IN AMOUNT OF US$147 MILLION, REFLECTING VALUATION OF US$2.1 BILLIONReuters
Wed, Jun 4
Other
Trump administration renegotiating "overly generous" Biden Chips Act grants
WASHINGTON, June 4 (Reuters) - The Trump administration is renegotiating some "overly generous" grants to semiconductor firms that were signed as part of the Chips Act under former President Joe Biden, U.S. Commerce Department Secretary Howard Lutnick said at a hearing on Wednesday.Some of t...Reuters
Wed, Jun 4
Stocks
Bitcoin Hedge Theory Meets a Harsh Boardroom Reality
The Bitcoin (CRYPTO: BTC) whitepaper compared the cryptocurrency to physical gold in 2008. 17 years later, the cryptocurrency seems ready to take on a more gold-like role in the global economy.But it's not all good news. A couple of tech giants have recently demonstrated that the traditional busines...The Motley Fool
Wed, Jun 4
Stocks
LIVE MARKETS-Hump day data dump: ADP misses, services PMI contracts, mortgage demand softens
Main US indexes modestly greenComm svcs lead S&P sector gainers; energy biggest laggard Euro STOXX 600 index up ~0.6%Dollar, bitcoin dip; gold rises, crude reverses, last off >1%US 10-Year Treasury yield falls to ~4.37%Welcome to the home for real-time coverage of markets brought to you by R...Reuters
Wed, Jun 4
Other
ABI names Bose as director of general insurance and international
By Rebecca DelaneyJune 4 - (The Insurer) - The Association of British Insurers (ABI) has appointed Chris Bose as director of general insurance and international, the industry body said on Wednesday.The appointment is effective from August 11.Bose will join the ABI from the Nationwide Building Societ...Reuters
Wed, Jun 4
Stocks
Why Carnival Stock Surged 27% in May
Carnival (NYSE: CCL)(NYSE: CUK) stock jumped 27% in May, according to data provided by S&P Global Market Intelligence. The stock is on the rebound after crashing earlier this year on fears of crackdowns on cruise industry taxes, and it got a boost from an analyst upgrade.Not so smooth sailingCarniva...The Motley Fool
Wed, Jun 4
