News
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Best Buy cuts annual sales forecast
May 29 (Reuters) - Best Buy BBY.N slashed its annual comparable sales forecast on Thursday, on signs that consumer demand for big-ticket items such as appliances, home theater and gaming consoles will be pressured by U.S. tariffs. The top U.S. electronics retailer expects fiscal 2026 comparable sale...Reuters
Thu, May 29
Other
Axa XL names Ivanova to lead international property reinsurance
By Navneeta NandanMay 29 - (The Insurer) - Axa XL announced on Thursday that Petya Ivanova has been appointed head of property for international reinsurance, effective July 1.In her new role, Ivanova will be responsible for overseeing Axa XL's property portfolio across the international region.W...Reuters
Thu, May 29
Other
Amazon's Zoox issues second software recall this month after San Francisco crash
May 29 (Reuters) - Amazon.com's AMZN.O self-driving unit Zoox has issued a second software recall this month to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month.The recall covers 270 vehicles equip...Reuters
Thu, May 29
Cryptocurrencies
Crypto Markets Brace For $5 Billion FTX Liquidity Shock: Expert
In a video published on Wednesday, crypto analyst and trader Miles Deutscher devoted a lengthy segment to the long-anticipated distribution of FTX bankruptcy proceeds, arguing that tomorrow’s release of roughly $5 billion in stablecoins could become a pivotal liquidity shock for digital-asset market...NewsBTC
Thu, May 29
Other
PRESS DIGEST-Canada - May 29
May 29 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Fertilizer producer Nutrien NTR.TO said it was planning a major terminal at a Pacific Northwest port and is currently explori...Reuters
Thu, May 29
Other
Rokstone unveils international casualty division, eyes $850 million GWP in five years
By Navneeta NandanMay 29 - Aventum Group’s specialty MGA Rokstone announced on Thursday that it has launched an international casualty division, with Convex's Sam Wylie appointed as portfolio manager.The international casualty division will be backed by A-rated Lloyd’s capacity, Rokstone said in...Reuters
Thu, May 29
Other
Morning News Call - U.S., May 29
To access a PDF version of this newsletter, please click hereYou can read Morning News Call -- US via TOPNEWS U.S. Companies page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageFor Morning News Call Ca...Reuters
Thu, May 29
Cryptocurrencies
Bitcoin Retail Interest Still Quiet—Bad News For Rally?
On-chain data shows the Bitcoin demand from the retail investors has recently remained low despite the asset’s rally to the new all-time high. Bitcoin Retail Investor Demand Hasn’t Grown Much Recently In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the 30...Bitcoinist
Thu, May 29
Stocks
Intel Stock Is a Speculative buy Because of This 1 Factor
The decline of Intel (NASDAQ: INTC) and the numerous failed efforts to recover its leadership in the chip market have undoubtedly frustrated many investors. The company has hired and dismissed several CEOs who have tried and failed to return Intel to competitiveness. So profound are its missteps tha...The Motley Fool
Thu, May 29
Stocks
Top S&P 500 Opportunities: 3 Stocks with Significant Growth Potential
The S&P 500 has a long track record of success despite most individual stocks underperforming. In fact, according to a J.P. Morgan study, between 1980 and 2020, two-thirds of stocks in the Russell 3000 index, which consists of the 3,000 largest U.S.-traded companies, underperformed the S&P 500 durin...The Motley Fool
Thu, May 29
Commodities
RPT-COLUMN-OPEC must squeeze US shale much more to win oil price war: Bousso
US drillers slow down operations following oil price dropUS oil output growth set to slow in 2025OPEC will need to deepen price war to significantly impact US output By Ron Bousso LONDON, May 29 - Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-st...Reuters
Thu, May 29
Other
JetBlue, United tie up to let passengers book on both websites
By David Shepardson May 29 (Reuters) - JetBlue Airways and United Airlines unveiled on Thursday plans for a consumer collaboration that allows travelers to book flights on both carriers' websites, while interchangeably earning and using points in their frequent flyer programs.Under the deal, ...Reuters
Thu, May 29
Other
JPMorgan hires former HSBC dealmaker Kamal Jabre to drive EMEA growth
May 29 (Reuters) - JPMorgan JPM.N has named HSBC's HSBA.L former global head of mergers and acquisitions, Kamal Jabre, as its new M&A Vice Chair to drive expansion across Europe, the Middle East and Africa (EMEA), according to a memo seen by Reuters on Thursday.Alongside Jabre, the bank also...Reuters
Thu, May 29
Stocks
LIVE MARKETS-European insurers: in great shape but unprecedented valuation
STOXX 600 up 0.3%France's CAC outperforms, FTSE dipsCourt blocks most of Trump's tariffsNvidia rises pre-mkt after earningsWall St futures jumpWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@th...Reuters
Thu, May 29
Other
Reuters Econ World: Now what?
By Carmel CrimminsMay 22 - Three judges at the little-known United States Court of International Trade have thrown a spanner in the works of U.S. President Donald Trump’s April 2 tariffs. They ruled that they are “invalid as contrary to law”. Cue a rally in global stock markets and a boost for the d...Reuters
Thu, May 29
Other
Stellantis' newly appointed CEO chooses Europe for first leg of company tour
MILAN, May 29 (Reuters) - Stellantis' STLAM.MI newly appointed CEO Antonio Filosa on Thursday picked Europe to kick off a tour of the automaker's production sites and offices before formally taking up his new job at the end of next month.Filosa's decision to begin his visits on the conti...Reuters
Thu, May 29
Other
Atrium appoints Payne as deputy head of digital underwriting
May 29 - (The Insurer) - Specialty insurer Atrium has promoted Adam Payne to deputy head of digital underwriting as it looks to ramp up its digital capabilities, the company said on Thursday.Payne will work along with Simon Lewis, head of digital underwriting, to enhance the insurer’s digital strate...Reuters
Thu, May 29
Commodities
GRAINS-Wheat, corn prices ease as dollar strengthens
LONDON, May 29 (Reuters) - Chicago wheat futures eased slightly on Thursday with a stronger dollar helping to keep a lid on prices despite lower-than-expected U.S. crop ratings. Sluggish demand and expectations that a strong Northern Hemisphere harvest will keep the market well supplied also weig...Reuters
Thu, May 29
