News
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Stocks
The Nasdaq Bounces Back: 2 Artificial Intelligence (AI) Stocks to Buy Before They Soar
The tech-laden Nasdaq Composite index has been under pressure this year and is slightly in the red as of this writing. This is due to weakness in technology stocks on account of the tariff-fueled turmoil and other factors such as questions surrounding the viability of huge investments being made in ...The Motley Fool
Thu, May 22
Other
TREASURIES-Long-dated Treasury yields hit multi-month highs after tax bill passes House
LONDON, May 22 (Reuters) - The 30-year Treasury yield hit a new 19-month high on Thursday, and was a few basis points from its highest since 2007, after the House of Representatives passed a tax and spending bill that reinforced market worries about the United States' debt burden.Reuters
Thu, May 22
Stocks
Street View: Target’s future hinges on digital expansion and economic recovery
** Target TGT.N slashed its annual sales forecast on Wednesday, after a surprisingly sharp fall in quarterly same-store sales, as customers pulled back on discretionary purchases due to ongoing worries about inflation and the economy.** Average recommendation of 39 brokerages is "buy", media...Reuters
Thu, May 22
Cryptocurrencies
US Data Centers, a Subsidiary of Digi Power X, to Collaborate With Super Micro for Initial Deployment of Customized B200 GPU Infrastructure
May 22 (Reuters) - Digi Power X Inc DGX.V:US DATA CENTERS INC., A SUBSIDIARY OF DIGI POWER X, TO COLLABORATE WITH SUPER MICRO FOR INITIAL DEPLOYMENT OF CUSTOMIZED B200 GPU INFRASTRUCTUREDIGI POWER X INC - PLANS TO SCALE UP TO 22MW IN 2026 AND 55MW BY 2027Reuters
Thu, May 22
Other
Russia says US Golden Dome defence project is a serious concern for Moscow, TASS reports
MOSCOW, May 22 (Reuters) - Russia regards the U.S. Golden Dome defence project as a cause for serious concern but does not think there's anything to panic about, Sergei Ryabkov, Russia's deputy foreign minister, said on Thursday, the state TASS news agency reported. The $175-billion project,...Reuters
Thu, May 22
Stocks
Gold miners down as metal price slips on stronger dollar
U.S.-listed shares of gold miners down premarket, tracking fall in bullion prices GOL/.Spot gold XAU= down 0.2% at $3,307.81/ounce after hitting a nearly two-week high earlier in the session** Gold prices slipped, hurt by an uptick in the dollar, although worries over the U.S. government's ...
Reuters
Thu, May 22
Stocks
Ralph Lauren rises after upbeat quarterly results
** Shares of Ralph Lauren RL.N up 3.4% at $283.1 premarket** Fourth-quarter revenue rises 8% to $1.7 billion, topping estimates of $1.65 billion; adjusted EPS of $2.27 beat expectations of $2 - data compiled by LSEG** Forecasts annual revenue to increase by about low-single digits, with growth weigh...Reuters
Thu, May 22
Stocks
Sable Offshore drops on upsized $257 mln stock sale
** Sable Offshore's SOC.N shares down 4.9% premarket to $30.76 after overnight follow-on priced** Houston, Texas-based oil and gas firm late Weds announced ~8.7 mln shares at $29.50 for ~$256.5 mln gross raise to fund capex, working capital and general purposes** Offering size boosted from $200 ...Reuters
Thu, May 22
Cryptocurrencies
Reuters Econ World: Crypto joy
By Carmel CrimminsMay 22 - It’s a tale of two markets right now - crypto and everything else.Bitcoin has surged to an all-time peak above $111,000 as the regulatory and business environment improves for cryptocurrencies. JPMorgan CEO Jamie Dimon, a longtime crypto sceptic, told investors this week t...Reuters
Thu, May 22
Other
Dubai Investments Unit Globalpharma Inks 4 Strategic MoUs To Boost Pharma Localization In UAE
May 22 (Reuters) - DUBAI INVESTMENTS DINV.DU:GLOBALPHARMA INKS 4 STRATEGIC MOUS TO BOOST PHARMA LOCALIZATION AND INNOVATION IN UAEAGREEMENTS WERE CONCLUDED WITH PHARMAPRIMES LABORATORIES (JORDAN), NERHADOU INTERNATIONAL (EGYPT), AORA HEALTH(SPAIN), AND BIOSYENT PHARMA INC. (CANADA)DUBAI INVESTMENTS ...Reuters
Thu, May 22
Other
CORRECTED-Palestinian minister reports 29 starvation-related deaths among Gazan children, elderly
GENEVA, May 22 (Reuters) - The Palestinian health minister said on Thursday that 29 children and elderly people had died from starvation-related deaths in Gaza in recent days and that many thousands more were at risk."In the last couple of days we lost 29 children," Palestinian Health Minist...Reuters
Thu, May 22
Stocks
Is Arm Holdings Stock a Buy Now?
It has been just over a year-and-a-half since Arm Holdings (NASDAQ: ARM) made its stock market debut on the Nasdaq exchange in September 2023, and anyone who bought shares of the British technology company during its initial public offering (IPO) is sitting on tremendous gains of 159% as of this wri...The Motley Fool
Thu, May 22
Other
Analog Devices forecasts third-quarter results above estimates
May 22 (Reuters) - Analog Devices ADI.O forecast third-quarter revenue and profit above Wall Street expectations on Thursday, betting on upbeat demand for its chips used in the automotive and industrial sectors.The Wilmington, Massachusetts-based chipmaker projected third-quarter revenue of $2.75 bi...Reuters
Thu, May 22
Other
Ralph Lauren Approves 10% Dividend Increase & $1.5 Billion Expansion Of Existing Share Repurchase Program
May 22 (Reuters) - Ralph Lauren Corp RL.N:RALPH LAUREN OUTLOOK 2026 NET REVENUE GROWTH OF LOW-SINGLE DIGITS ON CONSTANT CURRENCY BASISRALPH LAUREN Q4 ADJUSTED EPS $2.27 VS IBES ESTIMATE $2.00RALPH LAUREN Q4 NET REVENUE $1.7 BILLION VS IBES ESTIMATE $1.65 BILLIONRALPH LAUREN Q4 GLOBAL DIRECT-TO-CONSU...Reuters
Thu, May 22
Commodities
Northvolt to wind down battery making operation in Sweden by end June
STOCKHOLM, May 22 (Reuters) - Swedish battery maker Northvolt, which declared bankruptcy in March, plans to wind down its remaining battery cell production in the Nordic country by the end of June, its bankruptcy trustee said on Thursday.Reuters
Thu, May 22
Cryptocurrencies
Which Cloud Mining Is Legit? Discover Why Millions Trust Hashfly for Real Crypto Profits
In the dynamic world of cryptocurrency, the search for a legitimate cloud mining platform remains a top concern for investors. With scams and unreliable services prevalent, many wonder: Which cloud mining is legit? Hashfly, established in 2013, has built a reputation as a trusted provider, serving o...Bitcoinist
Thu, May 22
Cryptocurrencies
BlackRock’s Bitcoin ETF Hits 2-Week High as $BTC Nears $112K. BTC Bull Token to Follow?
BlackRock ETFs have experienced a two-week high while Bitcoin is pushing to its first-ever $112K price mark. Projects like BTC Bull Token could rally next. Farside Investors published the numbers, showing that IBIT’s net inflows peaked at $530.6M, the highest since May 5th $531.2M. The ETF tracking ...Bitcoinist
Thu, May 22
