News
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AM Best: New carriers instilling ‘renewed confidence’ in Florida market stability
By Michael LoneyMay 29 - (The Insurer) - The emergence of 13 new Florida insurers since reforms “will instill renewed confidence in market stability”, said AM Best, which also said the balance of power is shifting toward primary carriers ahead of the mid-year reinsurance renewals.In a new report, AM...Reuters
Thu, May 29
Other
Morning News Call - Canada, May 29
To access a PDF version of this newsletter, please click hereYou can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-pageECONOMIC EVENTS0830 Current Acc...Reuters
Thu, May 29
Economic Indicator
EUR flat vs. USD following swift recovery of trade-related losses – Scotiabank
Euro (EUR) is entering Thursday’s NA session nearly flat against the US Dollar (USD), having recovered from sizeable Asian session losses driven by headlines related to trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Thu, May 29
Cryptocurrencies
Dollar rallies, crypto unmoved as courts deal setbacks to Trump’s tariffs
Crypto markets stayed quiet on Thursday, even as the U.S. dollar pushed higher following a court ruling that temporarily blocked President Donald Trump from imposing sweeping import tariffs on American trading partners. The decision, which came from a federal trade court, stated that Trump overstepped his legal authority in slapping across-the-board duties—throwing a wrench in […]Cryptopolitan
Thu, May 29
Stocks
Why I Own These 9 Vanguard ETFs
While many investors succeed with a simple two-fund portfolio giving them ownership of a lot of stocks -- perhaps just the Vanguard S&P 500 ETF (NYSEMKT: VOO) and Vanguard Total Bond Market ETF (NASDAQ: BND) -- I've taken a more nuanced approach. My strategy involves three distinct portfolios, each ...The Motley Fool
Thu, May 29
Stocks
Up 37% in 2025, Should You Buy This Soaring Stock Like There's no Tomorrow?
As of May 23, the S&P 500 is down just over 1% this year. That's not a great result thus far, but the broad benchmark has surged since early April thanks to a more positive tone from the investment community.There's one stock that has performed substantially better as it's up 37% in 2025: Celsius Ho...The Motley Fool
Thu, May 29
Stocks
Yum China Announces US$510 Million Share Repurchase Agreements for Second Half of 2025 as Part of Broader Capital Return Plan
SHANGHAI, May 29, 2025 /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) announced that it has entered into share repurchase agreements in the U.S. and Hong Kong for an aggregate repurchase amount of approximately US$510 million f...PR Newswire
Thu, May 29
Other
Merck, Daiichi withdraw US application for 'guided missile' cancer drug
May 29 (Reuters) - Merck MRK.N and Japan-based Daiichi Sankyo 4568.T said on Thursday they have withdrawn the U.S. application for an experimental lung cancer treatment, which belongs to a lucrative class of cancer therapies that work like "guided missiles".Reuters
Thu, May 29
Stocks
LIVE MARKETS-The 'strategic' case for gold and oil
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
Stocks
UnitedHealth Group Stock Is Near 5-Year Lows: Is It a Bargain Buy?
UnitedHealth Group (NYSE: UNH) is one of the biggest health insurers in the U.S. It plays a critical role in the healthcare industry, and for years, it has been a sound stock to invest in. This year, however, has raised significant questions about just how safe the stock really is. Since January, Un...The Motley Fool
Thu, May 29
Stocks
ORIC Pharma jumps on promising data from prostate cancer drug trial
** Shares of ORIC Pharmaceuticals ORIC.O rise 21.4% to $7.25 premarket** On Wednesday, ORIC said its experimental prostate cancer drug, ORIC-944, in combination with other treatments reduced prostate-specific antigen levels in 59% of patients in an early-stage trial** Brokerage Guggenheim says the t...Reuters
Thu, May 29
Other
US FDA asks Stealth BioTherapeutics to resubmit application for rare genetic condition therapy
May 29 (Reuters) - The U.S. Food and Drug Administration has asked for a resubmission of Stealth BioTherapeutics' marketing application for its experimental therapy targeting a rare genetic condition, Barth syndrome, the company said on Thursday. The drug developer added that it has implemented ...Reuters
Thu, May 29
Forex
USD/CAD retreats from highs, approaching 1.3800 ahead of the US GDP release
The US Dollar has given away all the ground taken after the court ruling against US trade tariffs, and is trading with moderate losses ahead of the US Session opening, as the Canadian Dollar draws support from the rebound in Oil prices.A US federal court ruled on Wednesday that the US Congress has tFxstreet
Thu, May 29
Other
Department store chain Kohl's quarterly loss smaller than expected
May 29 (Reuters) - Kohl's KSS.N reported a smaller quarterly loss than its previous forecast and maintained its annual targets on Thursday, as the U.S. department store chain focuses on its turnaround efforts to cut costs amid a choppy demand environment.The company, which fired its CEO earlier ...Reuters
Thu, May 29
Other
South Korean navy patrol aircraft crashes killing 4 crew
SEOUL, May 29 (Reuters) - A South Korean maritime patrol aircraft crashed soon after takeoff near a military base in the southern city of Pohang on Thursday, killing all four crew members, the navy said.The P-3 aircraft went down about six minutes after it left the airfield on a training mission at ...Reuters
Thu, May 29
