News
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Stocks
QUOTES -Markets shrug off US appeals court's decision to reinstate Trump tariffs
NEW YORK, May 29 (Reuters) - Wall Street closed higher on Thursday, largely shrugging off a decision by a federal appeals court late Thursday reinstating President Donald Trump's tariffs. This came a day after a trade court blocked most of the U.S. president's tariffs going into ...Reuters
Thu, May 29
Other
Chipmaker Marvell forecasts second-quarter revenue above estimates
May 29 (Reuters) - Marvell Technology MRVL.O forecast second-quarter revenue above Wall Street estimates on Thursday, driven by robust demand for custom chips powering artificial intelligence workloads in data centers.The company expects second-quarter revenue to be $2 billion, plus or minus 5% comp...Reuters
Thu, May 29
Other
Second woman tells jury Sean 'Diddy' Combs raped her
Trial highlights Combs' alleged coercion and abuseLawyers for hip-hop artist claim Freak Offs were consensualHe pleads not guilty to racketeering and sex trafficking chargesBy Jack Queen and Luc Cohen NEW YORK, May 29 (Reuters) - Sean “Diddy” Combs was accused of rape by a second woman on...Reuters
Thu, May 29
Stocks
Dell raises full-year profit forecast on strong AI server demand, shares rise
May 29 (Reuters) - Dell Technologies DELL.N raised its annual profit forecast on Thursday, signaling growing demand for its AI-powered servers that are equipped with Nvidia's NVDA.O powerful chips, sending the computer hardware maker's shares up 10% in extended trading.Companies such as Dell...Reuters
Thu, May 29
Other
At UN, US says Russia's Putin should take the deal to end Ukraine war
UNITED NATIONS, May 29 (Reuters) - The United States told the United Nations Security Council that the deal now on offer to end the war in Ukraine was "Russia's best possible outcome" and President Vladimir Putin should take the deal.Reuters
Thu, May 29
Economic Indicator
WRAPUP 3-US labor market showing cracks; corporate profits post largest drop since 2020
Weekly jobless claims increase 14,000 to 240,000Continuing claims rise 26,000 to 1.919 millionCorporate profits fall $118.1 billion in first quarterEconomy contracts at 0.2% rate in Q1 by all measuresBy Lucia Mutikani WASHINGTON, May 29 (Reuters) - The number of Americans filing new applications ...Reuters
Thu, May 29
Other
Seacoast Announces The Acquisition Of Villages Bancorporation, Inc.
May 29 (Reuters) - Seacoast Banking Corporation of Florida SBCF.O:SEACOAST ANNOUNCES THE ACQUISITION OF VILLAGES BANCORPORATION, INC.SEACOAST BANKING CORPORATION OF FLORIDA - DEAL EXPECTED TO BE 22% ACCRETIVE TO EPS IN 2026SEACOAST BANKING CORPORATION OF FLORIDA - MERGER CONSIDERATION VALUED AT ABOU...Reuters
Thu, May 29
Other
Beam Therapeutics Announces U.S. FDA Orphan Drug Designation Granted To BEAM-302 For The Treatment Of Alpha-1 Antitrypsin Deficiency (AATD)
May 29 (Reuters) - Beam Therapeutics Inc BEAM.O:BEAM THERAPEUTICS ANNOUNCES U.S. FDA ORPHAN DRUG DESIGNATION GRANTED TO BEAM-302 FOR THE TREATMENT OF ALPHA-1 ANTITRYPSIN DEFICIENCY (AATD)BEAM THERAPEUTICS INC - INITIATES DOSING IN FOURTH COHORT, DATA EXPECTED IN H2 2025BEAM THERAPEUTICS INC - TO DOS...Reuters
Thu, May 29
Other
Dell raises full-year profit forecast on strong AI server demand
May 29 (Reuters) - Dell Technologies DELL.N raised its annual profit forecast on Thursday, signaling growing demand for its AI-powered servers that are equipped with Nvidia's NVDA.O powerful chips.Companies such as Dell and Super Micro Computer SMCI.O have benefited from the growing demand for t...Reuters
Thu, May 29
Other
Robert Schriesheim Appointed Interim Chief Financial Officer Of Skyworks
May 29 (Reuters) - Skyworks Solutions Inc SWKS.O:ROBERT SCHRIESHEIM APPOINTED INTERIM CHIEF FINANCIAL OFFICER OF SKYWORKSSKYWORKS SOLUTIONS INC - MARK DENTINGER WILL NOT JOIN SKYWORKS AS CFO DUE TO MEDICAL CONDITIONReuters
Thu, May 29
Forex
Deals of the day-Mergers and acquisitions
May 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:** Buyout firm Thoma Bravo is exploring a $3 billion-plus sale of Apryse, after receiving interest from potential buyers of the document processing software provider, people familiar with...Reuters
Thu, May 29
Other
Scholastic Announces Strategic Integration Of Trade Publishing, Book Fairs And Book Clubs As New Children's Book Group To Expand Reach And Value Of Scholastic Publishing
May 29 (Reuters) - Scholastic Corp SCHL.O:SCHOLASTIC ANNOUNCES STRATEGIC INTEGRATION OF TRADE PUBLISHING, BOOK FAIRS AND BOOK CLUBS AS NEW CHILDREN'S BOOK GROUP TO EXPAND REACH AND VALUE OF SCHOLASTIC PUBLISHINGReuters
Thu, May 29
Other
Hamas official says Israeli response to Witkoff ceasefire proposal fails to meet group's demands
CAIRO, May 29 (Reuters) - The Israeli response to the Gaza ceasefire offer presented by U.S. President Donald Trump's Middle East envoy Steve Witkoff has failed to meet Hamas' demands, the group's senior official Basim Naim told Reuters on Thursday. "The Witkoff proposal was still un...Reuters
Thu, May 29
Stocks
Why Pure Storage Stock Slipped on Thursday
Data storage specialist Pure Storage (NYSE: PSTG) wasn't in the good graces of the stock market on Thursday. After its latest set of quarterly earnings were published the previous afternoon, investors traded out of the shares to leave them with a nearly 3% decline to close Thursday. That was in cont...The Motley Fool
Thu, May 29
Other
PM panel: 'Thinning of the herd' expected in MGA and hybrid fronting segments
By David BullMay 29 - (The Insurer) - A softening pricing environment and consolidation are among the drivers expected to lead to a reduction in the numbers of MGAs and hybrid fronting carriers over the next few years, according to panelists at the Program Manager Conference 2025.Moderating one of t...Reuters
Thu, May 29
Stocks
US STOCKS-Wall Street ends up with Nvidia; appeals court reinstates Trump tariffs
Best Buy slumps after cutting annual sales, profit forecastsBoeing climbs as CEO aims to boost 737 MAX productionBy Caroline Valetkevitch NEW YORK, May 29 (Reuters) - U.S. stocks ended slightly higher on Thursday as shares of Nvidia gained after its quarterly results, while investors digested a l...Reuters
Thu, May 29
Cryptocurrencies
Bitcoin Bound: European Firm K33 Raises $6.2 Milion For Strategic Buys
Norwegian broker K33 has set its sights on adding Bitcoin to its balance sheet. It raised 60 million Swedish krona (about $6.2 million) to buy and hold the cryptocurrency. Based on reports, the cash comes from a mix of convertible loans and new share and warrant issues. Related Reading: Strive Eyes ...Bitcoinist
Thu, May 29
Other
Judge blocks Trump ban on Harvard's international students
Harvard sought injunction against international student banJudge had issued temporary order ahead of Thursday hearingHarvard claims government violated its First Amendment rightsBy Nate Raymond BOSTON, May 29 (Reuters) - A federal judge said on Thursday she would extend an order blocking Presiden...Reuters
Thu, May 29
