News
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Economic Indicator
Musk criticizes Trump tax bill: can't be both big and beautiful
WASHINGTON, May 28 (Reuters) - Billionaire Elon Musk has criticized President Donald Trump's "big, beautiful" tax and spending bill, saying it detracts from his efforts to shrink the U.S. budget deficit."So, I was like disappointed to see the massive spending bill frankly, which incr...Reuters
Wed, May 28
Stocks
Autozone rises as brokerages hike PT following Q3 sales beat
** AutoZone Inc's AZO.N shares rise 2% to $3,784 in early trading** Brokerages raise their PT on co AZO.N after auto parts retailer on Tuesday beat Wall Street estimates for Q3 sales** Guggenheim says Q3 was mixed, yet constructive as domestic commercial growth continues to gain momentum** BMO s...Reuters
Wed, May 28
Other
US visa policy targets foreign nationals who 'censor' Americans -State Dept.
WASHINGTON, May 28 (Reuters) - The United States on Wednesday announced a new visa restriction policy targeting foreign nationals who "censor" Americans. "It is unacceptable for foreign officials to issue or threaten arrest warrants on U.S. citizens or U.S. residents for social media...Reuters
Wed, May 28
Stocks
Macy's cuts annual profit forecast as tariffs loom over consumer demand
Macy's will raise some prices to offset tariffs impactCompany maintains annual sales targetsExpects tariffs to impact annual EPS by 10 cents to 25 centsShares seesaw in early tradeBy Juveria TabassumMay 28 (Reuters) - Macy's M.N cut its annual profit forecast on Wednesday as the top U.S. dep...Reuters
Wed, May 28
Cryptocurrencies
Is Bitcoin (BTCUSD) Decoupling From Strategy (MSTR)?
Over the last several weeks, Bitcoin (BTCUSD) has decoupled from the stock market and made a new all-time high while major US indexes haven’t followed. Is Bitcoin also beginning to decouple from Strategy (MSTR) shares? According to high timeframe technical signals, the two tightly correlated a...Bitcoinist
Wed, May 28
Other
TJC Announces Sale Of Silvus Technologies To Motorola Solutions Inc. For Up To $5.0 Billion
May 28 (Reuters) - Motorola Solutions Inc MSI.N:TJC ANNOUNCES SALE OF SILVUS TECHNOLOGIES TO MOTOROLA SOLUTIONS INC. FOR UP TO $5.0 BILLIONTJC: PURCHASE PRICE WILL BE FOR UP TO $5.0 BILLION, COMPRISED OF $4.4 BILLION IN CASH AND UP TO $600.0 MILLION IN EARNOUT PAYMENTSTJC: TRANSACTION EXPECTED TO CL...Reuters
Wed, May 28
Stocks
Xcel Brands Inc reports results for the quarter ended December 31 - Earnings Summary
Xcel Brands Inc XELB.OQ reported a quarterly adjusted loss of 69 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-2.40. The mean expectation of two analysts for the quarter was for a loss of 95 cents per share. Revenue f...Reuters
Wed, May 28
Other
Tim Turner: E&S market must invest in AI and digital trading to capitalize on $200 billion opportunity
By David BullMay 28 - (The Insurer) - The non-admitted market can grow from its current 25% share of the U.S P&C industry towards 40%, but wholesalers and E&S carriers will need to invest in AI and digital trading to keep up with business flowing into the channel, according to Ryan Specialty...Reuters
Wed, May 28
Other
Kingsoft Cloud Announces Unaudited First Quarter 2025 Financial Results
May 28 (Reuters) - Kingsoft Cloud Holdings Ltd 3896.HK:KINGSOFT CLOUD ANNOUNCES UNAUDITED FIRST QUARTER 2025 FINANCIAL RESULTSKINGSOFT CLOUD HOLDINGS LTD - Q1 REVENUE INCREASES 10.9% YEAR-OVER-YEAR TO RMB1,970.0 MILLIONKINGSOFT CLOUD HOLDINGS LTD: Q1 BASIC AND DILUTED NET LOSS PER SHARE WAS RMB0.08Reuters
Wed, May 28
Other
TIMELINE-Shein's pursuit of an IPO: From New York to London to Hong Kong
May 28 (Reuters) - Shein is working towards a listing in Hong Kong , as Chinese regulators did not approve the online fast-fashion retailer's proposed IPO in London, according to three sources with knowledge of the matter. Here's a timeline of the Singapore-headquarted co...Reuters
Wed, May 28
Other
Tools made of whale bones reveal inventiveness of prehistoric people
Artifacts are from archeological sites in France and Spain The tools were mainly for hunting, like projectile pointsTools were made from bones of at least five whale speciesBy Will Dunham May 28 (Reuters) - Artifacts found at archeological sites in France and Spain along the Bay of Biscay shoreli...Reuters
Wed, May 28
Cryptocurrencies
$8 XRP Sounds Huge—But This Analyst Isn’t Cheering Yet
Investors betting on XRP reaching $8 before year’s end may want to take a step back, according to a well-known commentator in the community. Related Reading: Tether’s 2-Year, $5 Billion Investment Blitz Fuels US Companies: CEO XRP analyst Xena asks whether a jump from around $2.31 to $8 is really a ...NewsBTC
Wed, May 28
Other
Junee To Change Name To Superx AI Technology Limited And Shift Business Focus To Becoming An AI Infrastructure Solutions Provider
May 28 (Reuters) - Junee Ltd JUNE.O:JUNEE : TO CHANGE NAME TO SUPERX AI TECHNOLOGY LIMITED AND SHIFT BUSINESS FOCUS TO BECOMING AN AI INFRASTRUCTURE SOLUTIONS PROVIDERReuters
Wed, May 28
Forex
FOREX-Dollar gains on trade optimism, yen slips
Dollar gains for second day on trade optimismNvidia results may sway risk sentiment, dollar demandFed to release minutes from latest meeting on WednesdayBy Karen Brettell NEW YORK, May 28 (Reuters) - The U.S. dollar was boosted for a second day on Wednesday on optimism that trade deals will brigh...Reuters
Wed, May 28
