News
Important Only
Economic Indicator
Banxico Quarterly Report: Sheds 2025 GDP growth to 0.1%, further easing eyed
Banco de México revealed its Quarterly Report for January –March 2025, in which the central bank revised its Gross Domestic Product (GDP) forecasts for 2025 and 2026 downward, compared to the last report of 2024.Fxstreet
Wed, May 28
Forex
Forex Today: US GDP, employment data and Fedspeak next on tap
The US Dollar (USD) maintained its bullish bias unchanged for the second day in a row on Wednesday amid steady optimism on the trade front, while a cautious tone from the FOMC Minutes also collaborated with the daily advance.
Fxstreet
Wed, May 28
Stocks
Why Abercrombie & Fitch Stock Is Soaring Today
Shares of Abercrombie & Fitch (NYSE: ANF) are flying higher on Wednesday. The company's stock had gained 15% as of 2:36 p.m. ET. The jump came as the S&P 500 and the Nasdaq Composite were mostly flat.The clothing retailer reported its first-quarter numbers before the market opened on Wednesday, beat...The Motley Fool
Wed, May 28
Commodities
ICE canola futures give back prior day gains
WINNIPEG, Manitoba, May 28 (Reuters) - ICE canola futures slid on Wednesday, giving back Tuesday's gains, on good crop seeding progress despite growing dryness.• July canola RSN5 settled down $16.30 at $715.90 per metric ton. November RSX5 settled down $8 at $686.30, tightening the old crop/new ...Reuters
Wed, May 28
Economic Indicator
Brazil creates more formal jobs than expected in April
BRASILIA, May 28 (Reuters) - Brazil's economy created a net 257,528 formal jobs in April, data from the Labor Ministry showed on Wednesday, above the 175,000 expected by economists in a Reuters poll.The data accounts for 2,282,187 jobs opened and 2,024,659 closed in the period, according to the ...Reuters
Wed, May 28
Commodities
PRECIOUS-Gold holds steady as Fed minutes flag inflation, recession risks
US PCE due on FridayGold up 26% so far this year Silver down nearly 1% By Ashitha Shivaprasad May 28 (Reuters) - Gold prices steadied on Wednesday as investors assessed the U.S. Federal Reserve's May meeting minutes, which flagged rising inflation and recession risks, reinforcing gold's a...Reuters
Wed, May 28
Other
Implant maker Exactech may conclude bankruptcy without TPG settlement
By Dietrich Knauth May 28 (Reuters) - Attorneys for medical implant maker Exactech said at a Wednesday bankruptcy court hearing in Delaware that it is walking away from recent efforts to protect its owner TPG from lawsuits alleging that Exactech's knee implants were defective. Exactech had pl...Reuters
Wed, May 28
Stocks
GLOBAL MARKETS-Shares down as markets brace for Nvidia results, oil prices rise after Chevron ban
Shares dip after recent jump Nvidia results in focusJapanese bond auction sees tepid demandDollar inches higherBy Chibuike Oguh NEW YORK, May 28 (Reuters) - Global shares were lower on Wednesday, poised to snap two straight sessions of gains, with markets bracing for Nvidia's NVDA.O results w...Reuters
Wed, May 28
Cryptocurrencies
$10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare
Sui Network has rolled out a $10 million fund to boost security across its system. The move comes after the Cetus Protocol hack that cost users $223 million. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Based on reports, the money will go toward audits, bug bounties and new ...NewsBTC
Wed, May 28
Stocks
Why Joby Aviation Stock Is Soaring Today
Shares of Joby Aviation (NYSE: JOBY) are flying higher on Wednesday. The company's stock spiked 30.2% as of 2:21 p.m. ET. The jump comes as the S&P 500 and the Nasdaq Composite were mostly flat.The company, which develops electric vertical take-off and landing (eVTOL) aircraft, announced yesterday a...The Motley Fool
Wed, May 28
Stocks
US STOCKS-Indexes near flat following Fed minutes; Nvidia results ahead
Nvidia, Salesforce results due after the bellDick's Sporting Goods up after first-quarter results beatIndexes: Dow down 0.3%, S&P 500 down 0.1%, Nasdaq up 0.1%By Caroline Valetkevitch NEW YORK, May 28 (Reuters) - U.S. stock indexes were narrowly mixed on Wednesday afternoon as investo...Reuters
Wed, May 28
Cryptocurrencies
Fed officials warned of rising recession risks as inflation remains high
Federal Reserve officials warned during their May 6–7 meeting that the US economy is now facing a real risk of tipping into recession, as inflation remains sticky and early cracks are beginning to show in the labor market, according to meeting minutes released Wednesday by the Federal Open Market Committee. While the central bank voted […]Cryptopolitan
Wed, May 28
Other
Lavrov tells Rubio of preparations for new round of Russia-Ukraine talks, Foreign Ministry says
May 28 (Reuters) - Russian Foreign Minister Sergei Lavrov spoke to U.S. Secretary of State Marco Rubio on Wednesday about the preparation of "concrete proposals" for a new round of direct talks with Kyiv, the Russian Foreign Ministry said.A statement on the ministry's website said Lavrov...Reuters
Wed, May 28
Stocks
Brazil airline Azul files for Chapter 11 to restructure debt
Restructuring includes commitment of $1.6 billion in financing Deal also includes elimination of more than $2 billion of debt Further commitment of up to $950 million in equity financingBy Gabriel Araujo May 28 (Reuters) - Brazilian airline Azul AZUL.N on Wednesday filed for Chapter 11 bankru...Reuters
Wed, May 28
Forex
EUR/USD slips below 1.13 as Fed turns cautious amid looming stagflationary risk
The EUR/USD retreats below 1.1300 during the North American session as the US Dollar (USD) remains bid ahead following the release of the latest Federal Reserve (Fed) meeting minutes. High US bond yields and a slightly sour mood have driven the Greenback higher against most G7 currencies.Fxstreet
Wed, May 28
Commodities
Natural gas flows to Freeport LNG export plant in Texas fall on Wednesday, sources say
HOUSTON, May 28 (Reuters) - Natural gas flows to a Freeport LNG export plant in Texas declined on Wednesday, likely leading to a reduction in LNG output, sources said.Freeport is one of the most closely watched LNG export plants in the world because the start and stop of its operations often cause p...Reuters
Wed, May 28
