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Stocks
US STOCKS SNAPSHOT-US stock index futures cut some losses after April PCE data
May 30 (Reuters) - U.S. stock index futures pared some losses on Friday after a benign inflation reading added to hopes that the U.S. Federal Reserve could cut interest rates soon.A commerce department report showed the Personal Consumption Expenditures Price index (PCE) rose 0.1% in April compared ...Reuters
Fri, May 30
Economic Indicator
US consumer spending slows in April; inflation rises moderately
WASHINGTON, May 30 (Reuters) - U.S. consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer spending, which accounts for more than two-thirds of economic activity, rose 0.2% last month after an unrevised 0.7% jump in March, the Commerce Dep...Reuters
Fri, May 30
Cryptocurrencies
BofA analysts warns of markets hysteria in response to Trump’s tax cuts
Bank of America (BofA) strategists warn that the Trump administration’s renewed push for tax cuts and lower tariffs could spark another bout of speculative frenzy in financial markets. Bank of America’s (BofA) strategists, led by Michael Hartnett, say the shift in U.S. policy toward “we’re going to need a bigger bubble” as a solution to […]Cryptopolitan
Fri, May 30
Other
Science Applications International Corp expected to post earnings of $2.13 a share - Earnings Preview
Science Applications International Corp SAIC.OQ SAIC.O is expected to show a rise in quarterly revenue when it reports results on June 2 for the period ending April 30 2025The Reston Virginia-based company is expected to report a 1.0% increase in revenue to $1.866 billion from $1.85 billion a year...Reuters
Fri, May 30
Other
Citi Trends Inc expected to post a loss of 19 cents a share - Earnings Preview
Citi Trends Inc CTRN.OQ CTRN.O is expected to show a rise in quarterly revenue when it reports results on June 3 for the period ending April 30 2025The Savannah Georgia-based company is expected to report a 5.2% increase in revenue to $195.915 million from $186.29 million a year ago, according to ...Reuters
Fri, May 30
Other
National Energy Services Reunited Corp expected to post earnings of 14 cents a share - Earnings Preview
National Energy Services Reunited Corp NESR.OQ NESR.O is expected to report resultson June 3 for the period ending March 31 2025The Houston Texas-based company is expected to report revenue of $308.333 million, according to the mean estimate from 3 analysts, based on LSEG data.LSEG's mean anal...Reuters
Fri, May 30
Stocks
European shares trim gains after Trump comments on China tariffs
LONDON, May 30 (Reuters) - Europe's benchmark STOXX 600 index trimmed its gains on Friday after U.S. President Donald Trump said China had violated an agreement on tariffs with the United States.The STOXX 600 .STOXX dropped after Trump's post on Truth Social, but was last up 0.2% on the day....Reuters
Fri, May 30
Forex
HEDGE FLOW-Hedge fund investors want managers who trade macro, says SocGen survey
By Nell MackenzieLONDON, May 30 (Reuters) - Hedge funds that trade on big macroeconomic market swings have become a top pick for investors, according to a Societe Generale SOGN.PA survey of 322 firms, against a backdrop of global markets roiled by tariff uncertainty and stop-start trade wars. Half o...Reuters
Fri, May 30
