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Stocks
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025June 17-18 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)July 29-30 (second day: statement released 1400 EDT/18...Reuters
Wed, May 28
Stocks
RPT-Semiconductor ETF options show caution ahead of Nvidia results
Semi ETF options trading most defensive in 10 monthsSome signs of caution in Nvidia tradingSome traders sell volatility in Nvidia optionsBy Saqib Iqbal Ahmed NEW YORK, May 27 (Reuters) - Traders in the options markets are bracing for industry-wide volatility when AI-chipmaker Nvidia NVDA.O report...Reuters
Wed, May 28
Forex
RPT-COLUMN-Lagarde's euro 'battle cry' emphasizes EU cash need: Mike Dolan
By Mike Dolan LONDON, May 28 (Reuters) - If the euro supplants the dollar as the world's main reserve currency, Europe might lose some currency competitiveness - but the related capital flows it's seeking more than compensate.European Central Bank President Christine Lagarde weighed in on...Reuters
Wed, May 28
Cryptocurrencies
FOCUS-US banks tiptoe toward crypto, awaiting more green light from regulators
US banks initial steps towards crypto are likely to be tentativeLarge lenders are hesitant to be the first to expand into cryptoMore banks are keen to be fast followers after a few test casesBanks seek more clarity around AML-crypto regulationsBy Nupur Anand NEW YORK, May 28 (Reuters) - Big U.S. ...Reuters
Wed, May 28
Other
Turkey's foreign minister to visit Kyiv after talks in Moscow on peace efforts
ANKARA, May 28 (Reuters) - Turkey's foreign minister will travel to Kyiv on Thursday for a two-day visit after discussing peace efforts to end Russia's war in Ukraine in Moscow earlier this week, a Turkish Foreign Ministry source said on Wednesday.Foreign Minister Hakan Fidan held talks in M...Reuters
Wed, May 28
Commodities
Heidelberg Materials expects infrastructure boom to fuel profit growth by 2030
By Christoph Steitz and Ilona WissenbachFRANKFURT, May 28 (Reuters) - Heidelberg Materials, the world's second-biggest cement maker, said on Wednesday it expects operating profit growth in the medium-term to 2030 to be driven by five megatrends, including higher defence spending and a growing de...Reuters
Wed, May 28
Other
EXCLUSIVE-Amazon's in-car software deal with Stellantis fizzles
Amazon and Stellantis' SmartCockpit partnership is winding down, the companies sayThe project is the latest software effort to stall out at a Detroit automakerThe companies planned to make the car an extension of home through technologyBy Nora Eckert and Greg Bensinger DETROIT, May 28 (Reuter...Reuters
Wed, May 28
Other
BREAKINGVIEWS-SPACs trigger bad case of Wall Street amnesia
By Jeffrey Goldfarb NEW YORK, May 28 (Reuters Breakingviews) - Tragedy plus time is the formula for comedy, but on Wall Street it equals opportunity. Wait a while and even the costliest failures will be resurrected. Look no further than the phenomenon of cash-stuffed shells designed to find takeo...Reuters
Wed, May 28
Other
INSIGHT-How Mexico's cartels recruit children and groom them into killers
Children are prime recruits for cartels seeking loyal - and enthusiastic - recruits Reuters interviewed 16 current and past child recruits Most came from homes wrecked by violence and drugsBy Lizbeth Diaz MEXICO CITY, May 28 (Reuters) - Sol remembers her first kill for a Mexican cartel: a kidnapp...Reuters
Wed, May 28
Commodities
Exxon Mobil to sell French subsidiary Esso to Canadian energy group
By Alban Kacher May 28 (Reuters) - Energy major ExxonMobil XOM.N has entered into exclusive negotiations with the French unit of Canadian energy group North Atlantic to divest its majority-owned French subsidiary Esso ESSF.PA, it said on Wednesday.The sale is expected to take place in the last qu...Reuters
Wed, May 28
Commodities
Goldman Sachs Sees OPEC8+ Maintaining Production Flat After 411KB/D Increase In July
May 28 (Reuters) - GOLDMAN SACHS: EXPECTS OPEC8+ TO ANNOUNCE ONE LAST 411KB/D PRODUCTION INCREASE IN JULYASSUMES OPEC8+ WILL KEEP REQUIRED PRODUCTION FLAT AFTER THIS LAST JULY PRODUCTION HIKE AS A LARGE INFLOW OF NEW EX-SHALE PROJECTS ENTERS THE MARKET LATER THIS YEAR, ECONOMIC GROWTH DECELERATES NO...Reuters
Wed, May 28
Other
Israel's Gaza aid model is 'distraction from atrocities', UNRWA chief says
By John Geddie TOKYO, May 28 (Reuters) - The head of the U.N. agency for Palestinian refugees said on Wednesday Israel's model for providing aid to Gaza was wasteful and a "distraction from atrocities", criticising a chaotic distribution by a U.S.-backed foundation this week. On Tue...Reuters
Wed, May 28
Cryptocurrencies
Square & Steak ‘n Shake Lead with Bitcoin Payments – Best Wallet to Add Crypto Debit Card
It turns out that Bitcoin ($BTC) isn’t just for the tech bros anymore but also for businesses, hamburger lovers, and everyday spenders — aka, everyone. Yesterday, Square, a payment platform by Block Inc., announced that it’ll soon enable businesses to accept $BTC and other crypto. In other news, the...Bitcoinist
Wed, May 28
Other
Deals of the day-Mergers and acquisitions
May 28 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT : ** Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit at a steep discount, a docum...Reuters
Wed, May 28
Other
3M India posts profit fall for third straight quarter on higher costs
May 28 (Reuters) - 3M India TMIN.NS reported a fall in profit for the third straight quarter on Wednesday as higher costs overshadowed demand for its diversified products such as 'Post it' notes and 'Scotch Brite' scouring pads.The company's profit after tax slumped 59% to 713.7 ...Reuters
Wed, May 28
Other
Congo ex-president Kabila visits rebel-held Goma for talks, associates say
Kabila accused of supporting M23 insurgency in east CongoReported trip comes after senate voted to lift his immunityEx-president has not been seen in public in Goma May 28 (Reuters) - Congolese former president Joseph Kabila has arrived in the rebel-held eastern city of Goma for talks with locals...Reuters
Wed, May 28
Stocks
Billionaire Investor Bill Ackman Just Went All In on This Stock. Should You Follow Suit?
Billionaire investor Bill Ackman made a splash in the first quarter when he took a new position in ride-share company Uber Technologies (NYSE: UBER), making it his largest holding in the process. The position is now worth about $2.2 billion and represents about 18.5% of his portfolio.A value investo...The Motley Fool
Wed, May 28
Economic Indicator
German unemployment rises faster than expected in May
BERLIN, May 28 (Reuters) - The number of people out of work in Germany rose at a faster pace than expected in May, labour office figures showed on Wednesday, putting pressure on a new government battling to wrench Europe's largest economy from a prolonged downturn.Reuters
Wed, May 28
Stocks
Tesla Stock Soars, Yet UBS Predicts a 48% Decline; Will Musk's Criticism of Trump Prove Effective?
TradingKey - On Tuesday, Eastern Time, Tesla's stock soared by 6.9%, reaching its highest level in three months, which translated into an overnight market value increase of $75.9 billion.
TradingKey
Wed, May 28
Other
Ford recalls more than 1 million vehicles in the US, NHTSA says
May 28 (Reuters) - Ford Motor F.N is recalling 1,075,299 vehicles in the United States over an issue that may prevent the rearview camera from displaying images increasing the risk of a crash, the National Highway Traffic Safety Administration said on Wednesday.The recall affects certain vehicles am...Reuters
Wed, May 28
