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Stocks
KGHM shares rise after Polish finance minister announces copper tax cut
** Shares of Poland's biggest copper miner KGHM KGH.WA rise 3% after the Polish finance minister said the copper mining tax will be decreased starting from 2026** "This is positive news, especially since the tax reduction will also apply to years after 2027," Trigon analyst Michał Kozak ...Reuters
Fri, May 23
Stocks
Japan's Nikkei pares weekly loss on lower US yields, softer yen
TOKYO, May 23 (Reuters) - Japan's Nikkei share average rallied on Friday, supported by falling U.S. Treasury yields and a weaker yen, but still lost ground for the week.The gauge .N225 closed up 0.5%, trimming its five-day slide to 1.6%, the first weekly decline in more than a month.The broader ...Reuters
Fri, May 23
Stocks
These AI Stocks Soared 270% to 1,400% in 5 Years, but Billionaires Keep Buying
Artificial intelligence (AI) is a game-changing technology, where the right stocks could earn investors handsome gains. But as with any technology that comes along, investors will need to watch for companies that fail to live up to the hype.This is where following the stock picks of billionaire inve...The Motley Fool
Fri, May 23
Other
RedBird Capital agrees deal to buy UK's Telegraph, newspaper says
LONDON, May 23 (Reuters) - A transatlantic consortium led by RedBird Capital Partners has struck a deal to buy Britain's Telegraph newspaper, the title reported on Friday, spending 500 million pounds ($673 million) to secure control. Abu Dhabi-backed RedBird IMI bought the Telegraph titles and t...Reuters
Fri, May 23
Other
EXCLUSIVE-India may let US, foreign firms bid for government contracts, sources say
India ready to open government contracts to US and other firms on reciprocal basis: sources UK firms get partial access to government contracts under trade dealSmall businesses to keep 25% of contracts, industry body saysBy Manoj Kumar NEW DELHI, May 23 (Reuters) - India is opening up a chunk of ...Reuters
Fri, May 23
Stocks
Australian shares end slightly higher as miners limit banks' gains
Financials gain for a second consecutive weekNZX 50 snaps three week winning streakRBNZ expected to cut rates by 50 basis pointsBy Sherin Sunny May 23 (Reuters) - Australian shares ended slightly higher on Friday, as gains in financials were capped by losses in miners, with investors cautious...Reuters
Fri, May 23
Commodities
PRECIOUS-Gold heads for biggest weekly jump in 1-1/2 months on US fiscal worries
Trump's sweeping tax-cut bill passes US House, on way to SenateGold can maintain foothold above the $3,000 level - analyst Dollar has lost more than 1% so far this week By Anushree Mukherjee May 23 (Reuters) - Gold prices rose on Friday and were poised for their biggest weekly gain in more th...Reuters
Fri, May 23
Stocks
Where Will SoFi Technologies Be in 3 Years?
SoFi Technologies (NASDAQ: SOFI) has had a bumpy ride. Its stock has fluctuated between $6 and $18 over the past year alone. The market is still trying to determine what to make of the all-digital bank. The business has performed well despite some sizable headwinds.Now, those headwinds are dissipati...The Motley Fool
Fri, May 23
Other
China lowers deposit rate ceilings to protect bank interest margins, sources say
BEIJING/SHANGHAI, May 23 (Reuters) - China has lowered the ceilings on deposit rates, three banking sources with direct knowledge of the guidance said on Friday, as authorities seek to protect banks' profit margins and discourage savings.The interest rate self-regulatory body under China's c...Reuters
Fri, May 23
Commodities
METALS-London copper set for slight weekly gains as weak dollar aids
NEW DELHI, May 23 (Reuters) - Copper prices in London were poised for slim weekly gains on Friday, supported by a softer dollar, although the upside was limited due to persisting uncertainty over U.S. tariffs.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.1% at $9,513 a metric to...Reuters
Fri, May 23
Other
Euro area benchmark Bund yields set for fifth straight weekly rise
By Stefano Rebaudo May 23 (Reuters) - Euro area benchmark Bund yields dipped on Friday but were on track for their fifth straight weekly rise, tracking moves in U.S. Treasuries as fiscal concerns dominated market sentiment.The Republican-controlled U.S. House of Representatives on Thursday passed...Reuters
Fri, May 23
Other
Hiscox share price rises 7% as investors welcome updated guidance
By Scott VincentMay 23 - (The Insurer) - Hiscox's share price closed up more than 7% on Thursday after the London-listed insurer announced a series of new targets at its capital markets day, including plans to achieve double-digit retail premium growth by 2028. With retail set to represent an in...Reuters
Fri, May 23
Stocks
Warren Buffett Bought 13 Stocks in the March-Ended Quarter -- 6 of Which He Never Wants to Sell
There's not a money manager on the planet that can captivate an audience of investors quite like Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) Warren Buffett. In the span of a half-century, Berkshire went from hosting its annual meeting in a subsidiary's employee cafeteria for roughly two dozen pe...The Motley Fool
Fri, May 23
Stocks
Warren Buffett's $348 Billion Warning to Wall Street, and Why the Stock Market May Crash
Warren Buffett has a track record that very few investors can match. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) stock has returned 20% annually since he took control in 1965, nearly doubling the annual gain in the S&P 500 (SNPINDEX: ^GSPC).Buffett created that value for shareholders by making sm...The Motley Fool
Fri, May 23
Forex
EUR/GBP remains above 0.8400 following German GDP, UK Retail Sales data
EUR/GBP recovers its recent losses registered in the previous session, trading around 0.8410 during the Asian hours on Friday. The currency cross advances as the Euro (EUR) attracts buying support following Germany’s Gross Domestic Product (GDP) data for the first quarter, released by Destatis.
Fxstreet
Fri, May 23
Stocks
Should You Buy Nvidia Stock Before May 28? Here's What the Evidence Suggests.
Advances in the field of artificial intelligence (AI) have taken the world by storm over the past few years, but much of the initial hype has since subsided. Investors are looking for evidence that the adoption of AI still has legs. Nvidia's (NASDAQ: NVDA) graphics processing units (GPUs) quickly be...The Motley Fool
Fri, May 23
Other
Poland's Arlen plans IPO on Warsaw bourse
GDANSK, May 23 (Reuters) - Polish protective clothing manufacturer Arlen Group said on Friday it planned to carry out an initial public offering (IPO) and list its shares on the Warsaw Stock Exchange. The IPO will consist of a sale of up to 35% of Arlen's existing shares to selected institutiona...Reuters
Fri, May 23
Other
San Diego crash not expected to be significant loss for aviation insurers
By Michael JonesMay 23 - (The Insurer) - Aviation insurers are not expected to face significant losses from the crash of a private Cessna 550 in San Diego on Thursday, three senior aviation market sources told The Insurer.The private jet crashed in San Diego's Murphy Canyon neighbourhood early o...Reuters
Fri, May 23
Cryptocurrencies
Analyst Says This Dogecoin And Shiba Inu Contender Could See ‘Impulsive Move’
Dogecoin and Shiba Inu remain the top leaders when it comes to meme coins, but others have been creeping up as fierce contenders over time. Back in 2021, when the original meme coin bull run started, the likes of FLOKI had crept up from the shadows to also become investor favorites. Through the bear...NewsBTC
Fri, May 23
Stocks
EMERGING MARKETS-Asian currencies rally for sixth-straight week as US fiscal concerns mount
Manila stocks rise 1.1%All emerging currencies extend gainsMalaysia equities gain 0.5%By Rishav Chatterjee May 23 (Reuters) - Emerging Asian currencies gained ground on Friday and extended their rally to a fourth-straight session, while being on track for a sixth-consecutive weekly gain, as inves...Reuters
Fri, May 23
