News
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Commodities
US Steel to remain in America, form 'partnership' with Nippon, Trump says
WASHINGTON, May 23 (Reuters) - U.S. President Donald Trump on Friday announced that U.S. Steel and Japan's Nippon Steel had agreed to form a "planned partnership" that meant the American steel company would remain in the country, headquartered in Pittsburgh. "This will be a planned p...Reuters
Fri, May 23
Other
Trouble with AI 'hallucinations' spreads to big law firms
By Sara Merken May 23 (Reuters) - Another large law firm was forced to explain itself to a judge this week for submitting a court filing with made-up citations generated by an artificial intelligence chatbot.Attorneys from Mississippi-founded law firm Butler Snow apologized to U.S. District Judge...Reuters
Fri, May 23
Cryptocurrencies
Massive $200 Million Sell Wall Holds Bitcoin At $111,000 And $113,000 – Here’s What We Know
After several days of asking from bullish investors, Bitcoin has finally carved out a new all-time high above $108,800, reaching as high as $111,814 in the last 24 hours. The breakout to the new all-time high has been accompanied by strong buying volume, but the recent rally is now facing heavy fric...Bitcoinist
Fri, May 23
Other
US Supreme Court temporarily halts access sought by watchdog group to DOGE records
Watchdog group sought records on DOGE's operationsLower court found DOGE is likely subject to FOIA lawBy Andrew Chung WASHINGTON, May 23 (Reuters) - The U.S. Supreme Court on Friday temporarily paused judicial orders requiring the Department of Government Efficiency, established by President ...Reuters
Fri, May 23
Indices
US Dollar Index dives to two-week low on Trump’s tariff threats and fiscal jitters
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, slumps sharply on Friday, down over 1.8% for the week after posting a modest gain on Thursday to trade around 99.10 near a two-week low, ahead of the weekend.Fxstreet
Fri, May 23
Commodities
Oil gains on short-covering, nuclear talks
Higher tariffs could hit oil demand growth, analysts sayBrent and WTI down more than 2% this weekMarket braces for another OPEC+ output increase in JulyBy Erwin Seba HOUSTON, May 23 (Reuters) - Oil prices gained on Friday as U.S. buyers covered positions ahead of the three-day Memorial Day weeken...Reuters
Fri, May 23
Stocks
Why Fair Isaac Plunged Over 20% This Week
Shares of credit scoring giant Fair Isaac (NYSE: FICO) slumped 21.9% this week through Friday at 2:10 p.m. ET, according to data from S&P Global Market Intelligence.Fair Isaac didn't release any financials this week, but its underperformance came after Federal Housing Finance Agency (FHFA) Director ...The Motley Fool
Fri, May 23
Other
Iran, US see hope for progress after US nuclear talks
Mediator says 'some but not conclusive progress' made Talks aim to reach new nuclear deal after 2015 accord unravelledDeep differences over uranium enrichment cast shadow over talksIran says it will hold US responsible for any Israeli strikes By Parisa Hafezi and John Irish DUBAI, May 23 ...Reuters
Fri, May 23
Other
US Supreme Court temporarily halts access sought by watchdog group to DOGE records
WASHINGTON, May 23 (Reuters) - The U.S. Supreme Court on Friday temporarily paused judicial orders requiring the Department of Government Efficiency, established by President Donald Trump and spearheaded by his billionaire adviser Elon Musk, to turn over records and answer questions in the coming da...Reuters
Fri, May 23
Cryptocurrencies
Markets aren’t buying Trump’s 50% EU tariff threat
European investors didn’t blink when Trump declared he was “recommending” a 50% tariff on every single import coming from the European Union, a threat he dropped Friday on Truth Social, right before US and EU officials were set to meet. The Stoxx Europe 600 index closed down just 1%, shaking off the news like a […]Cryptopolitan
Fri, May 23
Stocks
US STOCKS-Wall St falls as Trump tariff threats spark market uncertainty
Indexes down: Dow 0.31%, S&P 500 0.39%, Nasdaq 0.71%Trump announces 25% tariffs on iPhones not made in USWall Street's 'fear gauge' spikes to over two-week highBy Chibuike Oguh NEW YORK, May 23 (Reuters) - U.S. stocks fell on Friday, on track for a weekly loss, after President Don...Reuters
Fri, May 23
Other
Southern California Edison to pay $82.5 million to settle claims over 2020 Bobcat Fire damages
May 23 (Reuters) - Southern California Edison (SCE), a unit of utility Edison International EIX.N, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020.The U.S. government had filed a lawsuit against SCE in 2...Reuters
Fri, May 23
Commodities
CBOT corn eases on Trump tariff news
CHICAGO, May 23 (Reuters) - Chicago Board of Trade's most-active July corn futures contract ended lower on Friday after U.S. President Donald Trump said that he was recommending 50% tariffs on imported goods from the European Union. CBOT July corn CN25 settled down 3-1/2 cents at $4.59-1/2 a bus...Reuters
Fri, May 23
Commodities
US fast tracks approval of Utah uranium and vanadium mine
May 23 (Reuters) - The Trump administration approved the Velvet-Wood uranium and vanadium mine in Utah under a new accelerated permitting process that included a 14-day environmental review, the Interior Department said on Friday.Reuters
Fri, May 23
Stocks
Why Fluor Corp., Centrus Energy, and Denison Mines Stocks Just Went Nuclear
Fulfilling a campaign promise, President Donald Trump signed executive orders (yes, plural) this afternoon "to jumpstart the nuclear energy industry by easing the regulatory process on approvals for new reactors and strengthening fuel supply chains," Reuters reports.Reuters broke the story last nigh...The Motley Fool
Fri, May 23
Cryptocurrencies
Bitcoin whale James Wynn pushes 40x long position to $1.07 billion
James Wynn, a pseudonymous crypto trader known for swinging massive positions on-chain, has expanded his Bitcoin long bet to $1.07 billion using 40x leverage on Hyperliquid, the decentralized derivatives platform. The final scale-up was shared by James via X on Friday, with a screenshot that showed the total exposure was pegged at 974.44634 BTC, entered […]Cryptopolitan
Fri, May 23
Stocks
Oracle to spend $40 billion on Nvidia chips for OpenAI data center - FT
Investing.com -- Oracle Corporation (NYSE:ORCL) plans to invest approximately $40 billion in high-performance chips from NVIDIA Corporation (NASDAQ:NVDA) to power OpenAI’s new AI-focused data center iInvesting.com
Fri, May 23
Economic Indicator
President Trump adds Samsung to his wishlist of tariffs targeting individual companies
During statements made to the press during his weekly Executive Order signing, United States (US) President Donald Trump added further tariff commentary, though not necessarily clarity, to his social media posts earlier on Friday.Fxstreet
Fri, May 23
