News
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Stocks
BJ's Wholesale shares dip after mixed qtr, sales miss
** Shares in BJ's Wholesale Club Holdings BJ.N down 0.9% on Thursday after mixed quarterly report with sales missing analyst expectations while profit beat ** The retailer posted revenue of $5.153 bln vs Wall Street consensus estimate of $5.195 bln, while adj EPS of $1.14 was well ahead of Stree...Reuters
Thu, May 22
Stocks
Bitcoin Tops $111,000. Why President Trump's Bill Is Moving Crypto.
Bitcoin (CRYPTO: BTC) set a new all-time high today, topping $111,000 for the first time ever. After reaching a previous all-time high in December 2024, Bitcoin declined roughly 30%, leading many to believe the bull run that saw it nearly double from September through December was over. However, in ...The Motley Fool
Thu, May 22
Other
REFILE-New Orleans Archdiocese reaches $179 million sex abuse settlement
By Dietrich Knauth NEW YORK, May 22 (Reuters) - The Catholic Archdiocese of New Orleans has reached a tentative $179 million settlement to resolve over 600 sex abuse claims in its bankruptcy.The settlement, which must still be voted on by abuse survivors before it can be approved in bankruptcy co...Reuters
Thu, May 22
Cryptocurrencies
Strategy doubles down on Bitcoin's playbook with $2.1 billion offering following its new all-time high
Bitcoin (BTC) is trading near $111,400 on Thursday after Strategy (formerly MicroStrategy) revealed its plans to offer and sell up to $2.1 billion worth of its Series A perpetual Strife preferred stock (STRF) to increase its Bitcoin holdings.
Fxstreet
Thu, May 22
Other
Ackman's hedge fund Pershing Square made Amazon investment, executive says
NEW YORK, May 22 (Reuters) - Billionaire investor Bill Ackman's hedge fund Pershing Square Capital Management recently established a new position in technology company Amazon.com AMZN.O, an executive at the firm said on Thursday. Chief Investment Officer Ryan Israel told Pershing Square investor...Reuters
Thu, May 22
Other
Homeland Security blocking Harvard’s ability to enroll international students
May 22 (Reuters) - U.S. President Donald Trump's administration has revoked Harvard University's ability to enroll international students, the Department of Homeland Security said on Thursday.Homeland Security Secretary Kristi Noem ordered the department to terminate the Harvard University’s...Reuters
Thu, May 22
Other
GSK's asthma drug Nucala wins FDA's approval to treat 'smoker's lung'
May 22 (Reuters) - The U.S. Food and Drug Administration has approved British drugmaker GSK's GSK.L asthma drug to treat some patients with a chronic lung disease commonly known as "smoker's lung", the company said on Thursday.Reuters
Thu, May 22
Stocks
U.S. STOCKS ON THE MOVE-Hinge Health, Pitney Bowes, Venture Global
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 struggled for direction on Thursday after the U.S. House of Representatives passed President Donald Trump's tax and spending bill, expected to burden the federal governme...Reuters
Thu, May 22
Other
Bridgewater's Dalio warns US debt could get out of control
By Carolina MandlNEW YORK, May 22 (Reuters) - Bridgewater Associates' founder Ray Dalio said on Thursday investors should be concerned about the U.S. deficit as debt growth is getting more difficult to control."We should be afraid of the bond market. The circumstances are flashing," he t...Reuters
Thu, May 22
Cryptocurrencies
Bitcoin Hits ‘Banana Zone’—Why This Bull Run Is Different
Bitcoin’s explosive push to a new intraday peak above $111,800 on May 22 set the backdrop for Raoul Pal’s spirited, two-hour “Drinks With Raoul” livestream. The former hedge-fund macro strategist and Real Vision co-founder insists the rally is still in its early innings. “The Banana Zone has started...Bitcoinist
Thu, May 22
Other
Fed's Williams: Official lending facilities reduce reserve uncertainty
NEW YORK, May 22 (Reuters) - Federal Reserve Bank of New York President John Williams said on Thursday that the existence of a central bank lending facility helps reduce uncertainty over how much liquidity the financial system requires. Williams also said “there is no single best way to supply reser...Reuters
Thu, May 22
Other
Insight Partners-backed Hinge Health valued at $3.7 billion in strong NYSE debut
By Pritam Biswas May 22 (Reuters) - Hinge Health's HNGE.N shares jumped nearly 23% in their New York debut on Thursday, fetching the digital health platform a valuation of $3.65 billion and signaling a recovery in investor appetite for new flotations after tariff-turbulence had jolted the mar...Reuters
Thu, May 22
Other
REFILE-Amazon tests AI audio summaries for products, expanding tech giant's AI push (May 21)
May 21 (Reuters) - Amazon AMZN.O is testing AI-powered short-form audio summaries on select product detail pages, the e-commerce giant said on Wednesday, as tech companies continue to integrate artificial intelligence across their platforms. The new feature offers summaries about products based o...Reuters
Thu, May 22
Other
Trump blocks Harvard’s ability to enroll international students, NYT reports
May 22 (Reuters) - U.S. President Donald Trump's administration is using its authority to block Harvard University's ability to enroll international students, the New York Times reported on Thursday.The administration informed Harvard it would be doing so as part of an ongoing investigation ...Reuters
Thu, May 22
Other
Some flour reaches Gaza as blockade eases, aid groups call for more
First aid deliveries since blockade started in MarchMany trucks at border, risk of looting, Red Crescent warns'A drop in the ocean,' Palestinian aid official saysIsraeli attacks kill at least 50 in Gaza, medics sayBy Nidal al-Mughrabi CAIRO, May 22 (Reuters) - Flour and other aid started ...Reuters
Thu, May 22
Forex
GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries
The British Pound (GBP) is navigating choppy price action against the US Dollar (USD) on Thursday, holding above the 1.3400 psychological mark to trade near 1.3410 during the American session, as traders digest the latest business activity data from both sides of the Atlantic.
Fxstreet
Thu, May 22
Other
Trump, Mexico's Sheinbaum spoke on Thursday, White House says
WASHINGTON, May 22 (Reuters) - U.S. President Donald Trump and Mexican President Claudia Sheinbaum spoke on Thursday, White House spokeswoman Karoline Leavitt told reporters at a briefing, without giving further details.Reuters
Thu, May 22
Other
Startup Anthropic says its new AI model can code for hours at a time
May 22 (Reuters) - Artificial intelligence lab Anthropic unveiled its latest top-of-the-line technology called Claude Opus 4 on Thursday, which it says can write computer code autonomously for much longer than its prior systems.The startup, backed by Google-parent Alphabet GOOGL.O and Amazon.com...Reuters
Thu, May 22
