News
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RPT-BREAKINGVIEWS-SPACs trigger bad case of Wall Street amnesia
By Jeffrey Goldfarb NEW YORK, May 28 (Reuters Breakingviews) - Tragedy plus time is the formula for comedy, but on Wall Street it equals opportunity. Wait a while and even the costliest failures will be resurrected. Look no further than the phenomenon of cash-stuffed shells designed to find takeo...Reuters
Thu, May 29
Cryptocurrencies
Pepe Price Forecast: PEPE eyes a range breakout amid improving sentiment after President Trump’s post
Pepe (PEPE) is up over 6% at press time on Thursday after US President Donald Trump shared a post on Truth Social with the frog mascot in the background, igniting new hype and hinting at a potential breakout from a consolidation range for bullish follow-through.Fxstreet
Thu, May 29
Cryptocurrencies
Crypto Today: BTC, ETH post mild gains as court ban of Trump tariffs cheers risk markets
The cryptocurrency market is grinding higher on Thursday, with Bitcoin (BTC) and Ethereum (ETH) posting minor gains as sentiment improved after a United States (US) court ruled against President Donald Trump's tariffs.
Stocks
Kohl's gains after posting smaller-than-expected quarterly loss
** Shares of department store chain Kohl's KSS.N up ~5% at $8.49 premarket ** Company posts smaller quarterly loss than its previous forecast and reaffirms annual forecasts** Posts Q1 loss of 13 cents per share, compared with its preliminary expectations of a loss between 20 cents and 24 cents**...Reuters
Thu, May 29
Stocks
Germany seeks to levy 10% tax on online platforms like Google
BERLIN, May 29 (Reuters) - Germany is considering a 10% tax on large online platforms like Alphabet's Google GOOGL.O and Meta's Facebook META.O, its new culture minister told magazine Stern, in a move likely to heighten trade tensions with the Trump administration.
Reuters
Thu, May 29
Other
International tourist spending in Europe seen up 11% this year, report says
MADRID, May 29 (Reuters) - International travel spending in Europe is expected to rise by 11% to $838 billion this year, with France and Spain among the countries set to receive record numbers of tourists, according to a report by the World Travel and Tourism Council. The rosy forecast may be influe...Reuters
Thu, May 29
Commodities
Freeport LNG export plant in Texas on track to return to full power, LSEG data shows
May 29 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday after a small reduction on Wednesday, a sign the plant was heading back to full power, according to gas flow data from financial firm LSEG.Reuters
Thu, May 29
Stocks
2 No-Brainer Media-Streaming Stocks to Buy Right Now
Some stock picks make sense because the shares are unreasonably cheap. In other cases, you may want to grab a few shares of a skyrocketing stock while it's hot. Either way, I insist on investing in fantastic companies with promising long-term business prospects.On that note, two stocks currently str...The Motley Fool
Thu, May 29
Other
Capsida Receives FDA Fast Track Designation for Its Potential First-in-Class IV-Administered Gene Therapy for STXBP1 Developmental and Epileptic Encephalopathy
May 29 (Reuters) - CAPSIDA RECEIVES FDA FAST TRACK DESIGNATION FOR ITS POTENTIAL FIRST-IN-CLASS IV-ADMINISTERED GENE THERAPY FOR STXBP1 DEVELOPMENTAL AND EPILEPTIC ENCEPHALOPATHYReuters
Thu, May 29
Forex
Dollar firm but rally fades after US tariff court roadblock; fiscal worries bubble
LONDON May 29 (Reuters) - A relief rally in the dollar faded on Thursday, with the greenback holding on to only minor gains against major peers after rallying on news that a court blocked U.S. President Donald Trump from imposing import tariffs on other countries.Reuters
Thu, May 29
Stocks
Wall Street futures climb as federal court rules against Trump's tariffs
May 29 (Reuters) - Wall Street futures climbed on Thursday after a U.S. trade court blocked most of President Donald Trump's proposed tariffs, while AI bellwether Nvidia's stronger-than-expected quarterly revenue added to the upbeat mood.Reuters
Thu, May 29
Other
Thailand drops royal insult case against American academic
BANGKOK, May 29 (Reuters) - A royal insult prosecution against an American scholar in Thailand that raised concerns in the U.S. government has been dropped, his lawyer said on Thursday, as authorities confirmed the academic had left the country. Paul Chambers, 58, a political science lecturer, had ...Reuters
Thu, May 29
Other
UK P&I Club posts 116% CR following costly pool year in 2024
By Rebecca DelaneyMay 29 - (The Insurer) - The UK P&I Club has posted an underwriting result of 116% for the 2024 financial year, citing "one of the most expensive pool years on record" as the driver of the deficit, as well as an unusually high level of large retained claims.Following a ...Reuters
Thu, May 29
Stocks
U.S. STOCKS ON THE MOVE-Elf Beauty, US chipmakers, energy companies
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street futures climbed on Thursday after a U.S. trade court blocked most of President Donald Trump's proposed tariffs, while shares of AI chipmaker Nvidia gained following stronger-...Reuters
Thu, May 29
