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Stocks
ANALYSIS-Investors see US stocks rally broadening, even as 'Magnificent Seven' rebound
Stable economy, valuations viewed as key to broadeningMag 7 stocks account for over 40% of S&P 500's return since April lowsMag 7 earnings growth edge seen narrowing this yearBy Lewis Krauskopf NEW YORK, May 30 (Reuters) - Megacap technology and growth stocks have retaken U.S. market lead...Reuters
Fri, May 30
Other
FOCUS-Gilead commits to HIV prevention rollout for low-income countries despite funding uncertainty
Funding uncertainty looms over lenacapavir for low-income countries despite FDA approval hopesGlobal Fund aims to raise $18 billion amid PEPFAR funding doubtsLenacapavir pricing crucial for access in low-income countries, AIDS group saysElation turns to dismay for researcher over Trump funding cutsB...Reuters
Fri, May 30
Other
Trump's sweeping tax-cut bill includes provision to weaken court powers
Provision prevents courts from enforcing contempt in cases against the governmentDemocrats argue it leaves judges powerless in face of defianceJudges could evade the provision, but it would be burdensomeBy Tom Hals WILMINGTON, Delaware, May 30 (Reuters) - The sweeping tax-and-spending bill that w...Reuters
Fri, May 30
Other
Google and DOJ to make final push in US search antitrust case
By Jody Godoy WASHINGTON, May 30 (Reuters) - Alphabet's Google GOOGL.O and U.S. antitrust enforcers will make their final arguments on whether the tech giant should be forced to sell its Chrome browser or adopt other measures to restore competition in online search, as the blockbuster antitru...Reuters
Fri, May 30
Stocks
Wall St Week Ahead-Jobs data, tax bill, trade on tap for rebounding US stocks
Nonfarm payrolls for May due on June 6Fiscal legislation in focus in WashingtonRulings on Trump's tariffs muddies trade backdropBy Lewis Krauskopf NEW YORK, May 30 (Reuters) - Key U.S. economic data, developments with federal tax-and-spending legislation and twists and turns on trade all are ...Reuters
Fri, May 30
Stocks
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025June 17-18 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)July 29-30 (second day: statement released 1400 EDT/18...Reuters
Fri, May 30
Other
Trump celebrates Nippon Steel 'deal' with rally at Pennsylvania plant
Trump to hold rally at U.S. Steel plant in political swing statePresident has until next week to make final decision on mergerTie-up with Japanese company has faced headwindsBy Alexandra Alper and Jeff Mason WASHINGTON, May 30 (Reuters) - U.S. President Donald Trump heads to Pittsburgh, Pennsylva...Reuters
Fri, May 30
Stocks
DIARY-Europe's STOXX 600 corporate earnings week ahead
May 30 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start DateStart Time(GMT)RICCompany NameEvent Name03-Jun-202513:00BLND.LBritish Land Company PLCFull Year 2025 British Land Company PLC Earnings Presentation (Q&A)0...Reuters
Fri, May 30
Other
Musk said he was chainsawing government spending. It was more like a trim
Spending is down about $18 billion in targeted departmentsEducation Department spending is down $9 billion, layoffs cause payment delaysMany DOGE cuts will not show up in federal balance sheets for months or yearsBy Brad Heath, Jason Lange, Andy Sullivan, Grant Smith WASHINGTON, May 30 (Reuters) ...Reuters
Fri, May 30
Other
Coogler's 'Sinners' brings cinematic spotlight to Clarksdale, Mississippi
Community screening highlights film's portrayal of African American historyCoogler sees potential for Clarksdale's cultural and entrepreneurial growthClarksdale musicians contributed to 'Sinners' script and scoreBy Donna Bryson CLARKSDALE, Mississippi, May 30 - Clarksdale didn'...Reuters
Fri, May 30
Economic Indicator
ANALYSIS-Mexico hopes early review of USMCA can end uncertainty, revive flagging investment
USMCA review, set for 2026, could start as soon as SeptMexico's ex-trade negotiator: Trump has more leverage in talksMexico Central Bank has slashed 2025 GDP forecast to 0.1% growthBy Emily Green MEXICO CITY, May 30 (Reuters) - Falling investment, slowing growth, and the changing whims of U.S...Reuters
Fri, May 30
Other
Hamas receives Israeli response to US Gaza proposal and is reviewing it
DUBAI, May 30 (Reuters) - Hamas has received Israel's response to a U.S. proposal for a Gaza ceasefire deal and is thoroughly reviewing it, even though the response fails to meet any of the Palestinian "just and legitimate demands", group's official Basem Naim told Reuters on Friday.Reuters
Fri, May 30
Forex
GBP/USD: Likely to trade in a range of 1.3455/1.3530 – UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3455/1.3530. In the longer run, current price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 30
Other
Comedian Russell Brand denies rape and sex assault charges in UK court
LONDON, May 30 (Reuters) - British actor and comedian Russell Brand pleaded not guilty in a London court on Friday to charges of rape and sexual assault relating to four women more than two decades ago.Brand, once one of Britain's most high-profile broadcasters and former husband of U.S. pop sin...Reuters
Fri, May 30
Other
Indian Navy will lead New Delhi's response to any future Pakistani aggression, minister says
NEW DELHI, May 30 (Reuters) - India will use the firepower of its navy in response to any future aggression by Pakistan, India's defence minister said on Friday, weeks after the fiercest fighting in decades between the two nuclear-armed neighbours. Relations between India and Pakistan are te...Reuters
Fri, May 30
Other
Russian forces captured Kindrashivka in east Ukraine, RIA reports
MOSCOW, May 30 (Reuters) - Russian troops have captured the settlement of Kindrashivka in Ukraine's eastern Kharkiv region, state news agency RIA Novosti reported on Friday, citing the Russian Defence Ministry.Reuters could not independently confirm the battlefield report.Reuters
Fri, May 30
Indices
USD: April spending and inflation data in focus – ING
Yesterday's dollar rally didn't last long. It quickly became clear that the Trump administration would pursue other trade laws to enact its tariffs, and later, the US Court of Appeals proposed a delay in the original court ruling that tariffs were illegal.Fxstreet
Fri, May 30
