News
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Commodities
US Steelworkers union urges Trump to block Nippon Steel's bid for U.S. Steel
WASHINGTON, May 22 (Reuters) - The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel's 5401.T bid for U.S. Steel X.N despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by Reuters. In a s...Reuters
Thu, May 22
Forex
EU Economic Commissioner Dombrovskis: G7 ministers discussed further EU energy sanctions on Russia
The Group of 7 (G7) finance leaders wrapped up its most recent summit on Thursday, with EU Economic Commissioner Valdis Dombrovskis characterizing the talks as “positive and successful,” particularly in advancing support for Ukraine and addressing global economic imbalances.
Fxstreet
Thu, May 22
Stocks
Cigna takes different approach with GLP-1s, more favorable for Eli Lilly
Investing.com -- Cigna’s Evernorth has introduced a new pharmacy benefit that caps out-of-pocket costs for GLP-1 weight loss medications at $200 per month, in a move analysts say is more favorable forInvesting.com
Thu, May 22
Other
Netanyahu links embassy shootings to hostility over Gaza
Israeli officials blame hostile atmosphere over GazaForeign minister criticises Europe over incitementPolls show most Israelis want hostage deal in GazaBy James Mackenzie and May Angel JERUSALEM, May 22 (Reuters) - For Israeli Prime Minister Benjamin Netanyahu, the shooting of two young embassy s...Reuters
Thu, May 22
Other
CANADA RESEARCH ROUNDUP-Intact Financial, MAG Silver, Solaris Resources
May 22 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Intact Financial, MAG Silver and Solaris Resources on Thursday. HIGHLIGHTS * Intact Financial Corp IFC.TO: Scotiabank raises target price to C$318 from C$305* MAG Silver ...Reuters
Thu, May 22
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
