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THE DAY AHEAD-North America, May 29
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page. If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-page For Morning News Call U.S. -- a...Reuters
Wed, May 28
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Sean 'Diddy' Combs allegedly threatened to leak sex tapes of his ex
Hip-hop mogul threatened release to internet, stylist saysCombs fails in bid to have judge declare a mistrialDefense says Combs was not involved in alleged arsonBy Jack Queen and Luc Cohen NEW YORK, May 28 (Reuters) - Sean "Diddy" Combs routinely beat his ex-girlfriend and during fits...Reuters
Wed, May 28
Other
Tennis-Raducanu outclassed by Swiatek but unbowed after French Open defeat
By Shrivathsa Sridhar PARIS, May 28 (Reuters) - Emma Raducanu admitted feeling exposed after a humbling second-round loss to defending French Open champion Iga Swiatek during her maiden appearance on Court Philippe Chatrier but the Briton said the experience had not left her demotivated.Raducanu ...Reuters
Wed, May 28
Stocks
Triumph Group Inc reports results for the quarter ended March 31 - Earnings Summary
Triumph Group Inc TGI.N reported quarterly adjusted earnings of 48 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 31 cents. The mean expectation of eight analysts for the quarter was for earnings of 35 cents per share. Wall...Reuters
Wed, May 28
Stocks
HP cuts annual profit forecast as tariffs weigh on demand, shares fall
By Juby BabuMay 28 (Reuters) - HP Inc HPQ.N cut its annual profit forecast on Wednesday as it expects a moderation in PC market growth at a time when the global economic environment remains volatile, sending its shares down 14% in extended trading.The uncertainty surrounding U.S. tariffs and associa...Reuters
Wed, May 28
Commodities
Natural gas flows to Freeport LNG export plant in Texas drop Wednesday, sources say
By Curtis Williams HOUSTON, May 28 (Reuters) - Natural gas flows to a Freeport liquefied natural gas (LNG) export plant in Texas declined on Wednesday, likely leading to a reduction in LNG output, two sources said.Freeport is the third largest LNG export facility in the U.S. and has helped the co...Reuters
Wed, May 28
Other
US judge grants Russian-born Harvard scientist bail in immigration case
Vermont federal judge grants bail in immigration case against Kseniia Petrova Federal judge in Boston to consider granting bail in criminal case next weekPetrova was detained after arriving at airport with frog embryosBy Nate Raymond May 28 (Reuters) - A federal judge in Vermont on Wednesday rule...Reuters
Wed, May 28
Other
HP cuts annual profit forecast as tariffs weigh on demand
By Juby BabuMay 28 (Reuters) - HP Inc HPQ.N cut its annual profit forecast on Wednesday as it expects a moderation in PC market growth at a time when the global economic environment remains volatile.The uncertainty surrounding U.S. tariffs and associated inflationary pressures will negatively impact...Reuters
Wed, May 28
Other
Synopsys forecasts quarterly revenue largely above estimates
May 28 (Reuters) - Synopsys SNPS.O forecast third-quarter revenue largely above Wall Street estimates on Wednesday, driven by strong demand for its semiconductor design software, as companies ramp up spending on AI chips.The company projected current-quarter revenue between $1.76 billion and $1.79 b...Reuters
Wed, May 28
Commodities
CBOT wheat futures rise as USDA crop ratings fall
CHICAGO, May 28 (Reuters) - Chicago Board of Trade wheat futures firmed on Wednesday as U.S. Department of Agriculture crop ratings came in lower than expected. CBOT July soft red winter wheat WN25 settled up 1-3/4 cents at $5.30-1/4 a bushel.K.C. July hard red winter wheat KWN25 ended up 3/4 cent ...Reuters
Wed, May 28
Other
Salesforce raises annual revenue forecast
May 28 (Reuters) - Salesforce CRM.N raised its revenue forecast for fiscal 2026 on Wednesday, as the enterprise software provider ramps up monetization of its artificial intelligence agents in a bid to reinvigorate growth. The company expects revenue to be between $41 billion and $41.3 billion, comp...Reuters
Wed, May 28
Other
Hailey Bieber sells makeup brand Rhode to Elf Beauty in $1 billion deal
By Anuja Bharat Mistry May 28 (Reuters) - Model Hailey Bieber's makeup and skincare brand, Rhode, is being snapped up by Elf Beauty ELF.N for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millen...Reuters
Wed, May 28
Other
Deals of the day-Mergers and acquisitions
May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday :** Chipmaker Advanced Micro Devices AMD.O said it has acquired Enosemi, a builder of photonic integrated circuits, to expand its co-packaged optics offerings across AI systems.nL3N3S01A...Reuters
Wed, May 28
Other
MercadoLibre's fintech unit to apply for banking license in Argentina
SAO PAULO, May 28 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O said on Wednesday its fintech unit Mercado Pago will apply for a banking license from the central bank of Argentina.In a statement, Mercado Pago said the move is aimed at expanding "service offering within its 100%...Reuters
Wed, May 28
Other
urban-gro Inc expected to post a loss of 24 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on May 30 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 4.7% decrease in revenue to $17.945 million from $18.84 million a year ago, acco...Reuters
Wed, May 28
Commodities
CBOT soybeans weaken as planting progress moves rapidly
CHICAGO, May 28 (Reuters) - Chicago Board of Trade soybean futures lost ground on Wednesday as the U.S. Department of Agriculture reported planting progress ahead of the five-year average. CBOT July soybeans SN25 settled down 14 cents at $10.48-1/2 a bushel.CBOT July soyoil BON25 ended 0.64 cent low...Reuters
Wed, May 28
Other
EXCLUSIVE-Cybersecurity provider Netskope taps Morgan Stanley for US IPO, sources say
By Echo Wang and Milana Vinn NEW YORK, May 28 (Reuters) - Cybersecurity firm Netskope has hired Morgan Stanley MS.N to lead preparations for a U.S. initial public offering that could raise more than $500 million, according to people familiar with the matter.Netskope is aiming to go public as earl...Reuters
Wed, May 28
Stocks
US STOCKS-Indexes end down as Fed minutes digested; Nvidia results awaited
Nvidia, Salesforce results due after the bellDick's Sporting Goods up after first-quarter results beatBy Caroline Valetkevitch NEW YORK, May 28 (Reuters) - U.S. stock indexes closed lower on Wednesday as investors digested minutes from the last Federal Reserve meeting and awaited results ...Reuters
Wed, May 28
