News
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Cryptocurrencies
Bitcoin Beats Stocks On Key Risk Metric—What Does It Mean?
Data shows Bitcoin has outperformed the major equity indices on the Sortino Ratio. Here’s what this says about the cryptocurrency’s performance. Bitcoin’s 30-Day Sortino Ratio Is Currently At 1.23 In a new post on X, the institutional DeFi solutions provider Sentora (formerly IntoT...Bitcoinist
Wed, May 28
Other
GE Aerospace CEO sees supply chain improvements, despite tariff hit
May 28 (Reuters) - GE Aerospace’s CEO said on Wednesday he is seeing supply chain improvements that will support a 15% to 20% increase in deliveries this year of jet engines used on popular narrowbody aircraft, after snags challenged deliveries in 2024.CEO Larry Culp also told the Bernstein Strategi...Reuters
Wed, May 28
Cryptocurrencies
Bitcoin Hits New Heights: Analyst Predicts Next Peak By Late 2025
As Bitcoin (BTC) continues to capture investor enthusiasm, recently reaching a new all-time high of nearly $112,000, crypto analyst Cyclop has shared intriguing forecasts regarding the cryptocurrency’s future performance. Will Bitcoin Break Its All-Time Highs Again In a post on social media pl...NewsBTC
Wed, May 28
Forex
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.3837 to the greenback, or 72.27 U.S. cents, after trading in a range of 1.3802 to 1.3839.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, May 28
Economic Indicator
US home buyers are most uncertain since 2023 as rates surge, BofA survey shows
By Saeed Azhar NEW YORK, May 28 (Reuters) - U.S. homeowners and prospective buyers are feeling the most uncertain about the real estate market since 2023, a Bank of America survey showed on Wednesday, as rising mortgage rates deter buyers.Of the 2,000 respondents to BofA's poll, 60% said they...Reuters
Wed, May 28
Other
Instacart appoints insider Chris Rogers as CEO
May 28 (Reuters) - Delivery platform Instacart CART.O on Wednesday said it has appointed company insider Chris Rogers as chief executive officer, effective August 15, as the current head Fidji Simo is set to exit to join OpenAI.The new CEO appointment follows Simo's surprise appointment as OpenA...Reuters
Wed, May 28
Stocks
FOCUS-Seeking to cure Gucci addiction, Kering's Pinault created a debt problem
Kering's M&A spree ramped up debts just as industry slumpedValentino put option could increase pressureCompany confident as it cuts costs, sells property stakesBut more problems could pressure credit ratingBy Tassilo Hummel and Elisa Anzolin PARIS, May 28 - In trying to reduce Kering'...Reuters
Wed, May 28
Other
Databricks competitor Chalk raises $50 million series A
By Anna Tong SAN FRANCISCO, May 28 (Reuters) - Artificial intelligence infrastructure startup Chalk said Wednesday it had raised a $50 million Series A funding round, valuing the company at $500 million. Felicis led the round.San Francisco-based Chalk helps enterprises get their proprietary data ...Reuters
Wed, May 28
Commodities
Any US-Iran deal should include 'robust' IAEA inspections, Grossi says
2015 nuclear deal unravelled after Trump pulled US out in 2018Tehran has expanded uranium enrichment, scaled back IAEA oversightIAEA chief Grossi says both sides' positions can be reconciledBy Francois Murphy VIENNA, May 28 (Reuters) - Any deal between Iran and the U.S. that would impose fres...Reuters
Wed, May 28
Stocks
Junee Limited to Rebrand as SuperX AI Technology Limited, Positioning itself as a One-Stop AI Infrastructure Solutions Provider
SINGAPORE, May 28, 2025 /PRNewswire/ -- NASDAQ-listed company Junee Limited (NASDAQ: JUNE) (the "Company") announced today that its Board of Directors has approved proposals to change the Company's name to SuperX AI Technology Limited ("SuperX") and shift its principal busin...PR Newswire
Wed, May 28
Stocks
US STOCKS-Wall St on track for muted open after sharp rally, focus on Nvidia earnings
Futures up: Dow 0.02%, S&P 500 0.15%, Nasdaq 0.28%Capri Holdings falls on wider-than-expected quarterly lossNvidia results due after the bellBy Shashwat Chauhan and Kanchana Chakravarty May 28 (Reuters) - Wall Street was set for a subdued open on Wednesday after a sharp rally in the previous ...Reuters
Wed, May 28
Stocks
NYSE Content Advisory: Pre-Market update + CEO survey reveals growth as top priority
NEW YORK, May 28, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on May 28t...PR Newswire
Wed, May 28
Other
AM Best revises MS Reinsurance’s credit rating outlook to positive
May 28 - (The Insurer) AM Best has revised the outlook it holds for MS Amlin AG’s long-term issuer credit rating (ICR) to positive from stable, the rating agency said on Wednesday. AM Best has also affirmed the A-plus financial strength rating and aa- long-term ICR it holds for the entity, which is ...Reuters
Wed, May 28
Economic Indicator
PREVIEW-Kohl's annual forecasts in spotlight after leadership turmoil, tariff uncertainty
By Savyata Mishra May 28 (Reuters) - Kohl's KSS.N could scrap its annual forecasts on Thursday when the U.S. department store chain reports quarterly earnings, analysts said, as the abrupt ouster of its top boss adds to its challenges against the backdrop of pressure from tariffs.CEO Ashley ...Reuters
Wed, May 28
Other
Jeep-maker Stellantis names insider to lead revival
Filosa previously led Jeep brand, South America regionWill need to revive business, manage EV transitionSome investors says outsider was neededStellantis share performance worst among European carmakersBy Giulio Piovaccari MILAN, May 28 (Reuters) - Stellantis STLAM.MI named its North American chi...Reuters
Wed, May 28
Other
China tells Morgan Stanley it welcomes more US financial institutions, Xinhua reports
BEIJING, May 28 (Reuters) - China's Vice Premier He Lifeng told Morgan Stanley MS.N Co-President Daniel Simkowitz that Beijing welcomes more U.S. financial institutions and long-term capital to deepen cooperation, the official Xinhua news agency reported.He said at a meeting in Beijing that U.S....Reuters
Wed, May 28
