News
Important Only
Stocks
European shares flat amidst inflation data, trade jitters
OECD trims global growth forecastSTOXX 600 ends little changedPennon down after annual pretax loss EU inflation slows to 1.9% in MayBy Purvi Agarwal, Sanchayaita Roy and Pranav Kashyap June 3 (Reuters) - Europe's benchmark stock index ended little changed on Tuesday, as investors ceded ...Reuters
Tue, Jun 3
Other
Broker consolidator Afore Insurance receives Neace Ventures investment
By Michael LoneyJune 3 - (The Insurer) - Alpharetta, Georgia-based insurance brokerage acquisition platform Afore Insurance Services has secured what it described as a “significant strategic investment” from Neace Ventures.Afore said the partnership with Neace Ventures will accelerate its national g...Reuters
Tue, Jun 3
Economic Indicator
Tesla's new car sales in Italy fell 20% in May
MILAN, June 3 (Reuters) - Tesla's TSLA.O new car registrations were down by 20% in Italy in May, year-on-year data from the transport ministry showed on Tuesday, as vehicle sales for the U.S. EV maker fell sharply across several European markets last month.In Italy, Tesla sold 855 vehicles in Ma...Reuters
Tue, Jun 3
Other
Mosaic adds Chubb’s Bonkoski as cyber head, names DeLong global engagement officer
By Michael LoneyJune 3 - (The Insurer) - Mosaic Insurance has promoted Yosha DeLong to the new role of global engagement officer and hired Brian Bonkoski from Chubb to lead its cyber business.Chicago-based DeLong has built Mosaic’s cyber business since the company’s launch in February 2021.The cyber...Reuters
Tue, Jun 3
Stocks
Meta strikes power agreement with Constellation nuclear plant
By Timothy Gardner June 3 (Reuters) - Meta Platforms META.O on Tuesday said it has struck an agreement with Constellation Energy CEG.O to keep one of the utility's reactors in Illinois operating for 20 years, in the Big Tech company's first such deal with a nuclear power plant.WHY IT'...Reuters
Tue, Jun 3
Stocks
Kenvue slips as tariff uncertainty spark retailer destocking
** Shares of Tylenol-maker Kenvue KVUE.N fall 6.8% to $22.07, the biggest decliner among S&P 500 .SPX constituents** KVUE execs say at a Deutsche Bank conference that retailers have been de-stocking products in China and U.S. due to tariff-related uncertainty ** Co says the tariff environment c...Reuters
Tue, Jun 3
Other
REFILE-Zullo, Chadroff: Equal Ventures seeks ‘big opportunities' that can reinvent insurance
By James ThalerJune 3 - (The Insurer) - Equal Ventures partners Adam Chadroff and Rick Zullo are seeking “really big opportunities" that can reinvent the insurance industry, as the "thesis-driven" firm deploys $250 million in committed capital.Zullo told The Insurer TV that Equal Venture...Reuters
Tue, Jun 3
Other
Block Trade: Theon International Secondary ABB Offering Size C. 3.5M Shares - Bookrunner
June 3 (Reuters) - Bookrunner:BLOCK TRADE: THEON INTERNATIONAL SECONDARY ABB OFFERING SIZE: C. 3.5M SHARES - BOOKRUNNERBLOCK TRADE: THEON INTERNATIONAL SECONDARY ABB OFFERING SIZE: C. 3.5M SHARES - BOOKRUNNERReuters
Tue, Jun 3
Stocks
Here's Why Tesla Stock Soared in May
Shares in Tesla (NASDAQ: TSLA) soared by 22.8% in May, according to data provided by S&P Global Market Intelligence. The move is driven by a combination of factors, some of which could propel the stock to even greater heights through 2025 and beyond.Trade tariff de-escalationsThree key factors were...The Motley Fool
Tue, Jun 3
Cryptocurrencies
Meta maintains that EU regulators misapplied the law
Social media giant Meta is set to contest a decision by the European Commission to classify two of Facebook’s popular features – Messenger and Marketplace as “core platform services” under the EU’s recently implemented Digital Markets Act (DMA). In its defence, Meta says that the Commission overstepped by subjecting the two features to the new […]Cryptopolitan
Tue, Jun 3
Stocks
Incyte rises after co teases new research data for possible blood cancer treatment
** Incyte INCY.O jumps 4% to $67.84 on Tues after the biopharma firm announced it will present new research data to support a potential treatment for blood cancer** INCY on track for biggest daily pct gain since Oct. 2024 and highest close in nearly three months** INCY said new research data from it...Reuters
Tue, Jun 3
Other
Safehold Special Risk gets Concert capacity for specialized equipment coverage program
By Chris MunroJune 3 - (The Insurer) - Innovation Growth Partners Specialty (IGP Specialty)’s Safehold Special Risk has inked a capacity deal with hybrid fronting carrier Concert Group’s admitted subsidiary to support a new specialized equipment coverage program.Called the Safehold Specialized Equip...Reuters
Tue, Jun 3
Other
Capital One must face social media creators' lawsuit alleging stolen commissions
Creators said Capital One overrode tracking codesJudge allows unjust enrichment, interference claimsCapital One not immediately available for commentBy Jonathan StempelJune 3 (Reuters) - Capital One COF.N must face a lawsuit by social media creators who said the bank's free browser extension sto...Reuters
Tue, Jun 3
Stocks
LIVE MARKETS-Increasing stock demand should boost prices – Deutsche Bank
All 3 major U.S. stock indexes green; Nasdaq out front, up ~0.8%Energy leads S&P sector gainers; Comm Svcs weakest groupEuro STOXX 600 index up ~0.1%Dollar rebounds; bitcoin up ~1.5%; crude up >1.5%; gold declinesUS 10-Year Treasury yield flat at ~4.46%Welcome to the home for real-time covera...Reuters
Tue, Jun 3
Stocks
EMERGING MARKETS-Latin American currencies, stocks edge up; Brazil's fiscal package eyed
Latin American currencies rise 0.3%, stocks up 0.1%IMF projects Brazil's economy will grow 2.3% this yearBrazil to present fresh fiscal package to balance public accountsBrazil's industrial output falls short of expectations in AprilBy Nikhil Sharma June 3 (Reuters) - Latin American curre...Reuters
Tue, Jun 3
Cryptocurrencies
Powell Just Confirmed It—The Dollar’s Reign Is Ending, Bitcoin Is The Exit
Federal Reserve Chair Jerome Powell may not have mentioned Bitcoin—but to Jack Mallers, he didn’t have to. In a fiery video released just hours after Powell’s latest speech, the Strike CEO declared that the Fed Chair had “finally said the quiet part out loud”: that the post-World War II ...Bitcoinist
Tue, Jun 3
Cryptocurrencies
Market Reacts to Binance Victory; Wall Street Ponke and Solaxy See Presale Success
Following Binance’s recent legal victory, the cryptocurrency market has shown renewed optimism. Amid this backdrop, two projects, Wall Street Ponke (WPonke) and Solaxy, are catching investor attention. Their unique offerings and successful presale performances have made them standout contenders in an increasingly crowded space. As traders regain confidence, both projects are seizing the momentum to […]Cryptopolitan
Tue, Jun 3
