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FACTBOX-What is the Golden Dome missile defense shield?
May 21 (Reuters) - U.S. President Donald Trump picked a design for his Golden Dome missile defense system and named a leader of the ambitious $175 billion defense program. Here are details on Golden Dome, where the idea comes from and how it will work.HOW WILL IT WORK?The aim is for Golden Dome to l...Reuters
Wed, May 21
Stocks
US STOCKS-Wall Street stocks slip as Treasury yields rise on worries about Trump tax cuts
Indexes: Dow down 1.66%, S&P 500 down 1.29%, Nasdaq up 1.03%Wolfspeed plunges after reports of potential bankruptcyTarget falls after cutting annual sales forecastUnitedHealth drops after report on secret payments, HSBC downgradeBy Chibuike Oguh NEW YORK, May 21 (Reuters) - U.S. stocks fe...Reuters
Wed, May 21
Other
Elliott wins two seats, Phillips 66 retains two seats in hotly contested board fight
Phillips shareholders elect two of activist investor's nomineesOil refiner also sees two of its nominated directors electedAnalysts say vote means some change but no big mandate for transformationElliott had never had a US based proxy fight go to a voteBy Svea Herbst-Bayliss and David French ...Reuters
Wed, May 21
Stocks
OpenAI buys iPhone designer Ive's hardware startup, names him creative head
May 21 (Reuters) - OpenAI is buying Jony Ive's startup io Products in a $6.5 billion deal and will bring the chief designer of early iPhones on board as creative head to develop devices tailored for the generative artificial intelligence era.LoveFrom, the design firm founded by Ive after leaving...Reuters
Wed, May 21
Commodities
CBOT soybeans firm on US planting delays, Argentina crop concerns
CHICAGO, May 21 (Reuters) - Chicago Board of Trade soybean futures rose to a nearly one-week high on Wednesday, supported by market concerns that heavy rains may have damaged soy crops in Argentina - the largest exporter of soymeal, traders said.Soybeans also turned higher on U.S. Midwest planting d...Reuters
Wed, May 21
Other
TREASURIES-US yields extend rise after 20-year auction, deficit eyed
20-year bond auction sees weak demand, yields riseFiscal concerns and tax bill also affect yields20-year yield hits 18-month highBy Karen Brettell and Chuck Mikolajczak May 21 (Reuters) - U.S. Treasury yields were mostly higher on Wednesday, extending their ascent after a weak auction of 20-year ...Reuters
Wed, May 21
Other
DOGE team assigned to review National Transportation Safety Board operations
WASHINGTON, May 21 (Reuters) - Elon Musk’s Department of Government Efficiency initiative has recently assigned a team to review operations at the National Transportation Safety Board, a spokesperson for the NTSB confirmed on Wednesday.DOGE has been assigning teams to a number of independent agencie...Reuters
Wed, May 21
Other
Trump calls his own foreign aid cuts at USAID 'devastating'
Trump calls aid cuts devastating, urges other nations to contributeUSAID cuts affect South Africa's HIV response, reducing testing and monitoringUS has been largest humanitarian donor, disbursed $61 billion in foreign aid last year WASHINGTON, May 21 (Reuters) - President Donald Trump said on...Reuters
Wed, May 21
Other
South Africa says 'there is no land confiscation' after Trump confrontation
JOHANNESBURG, May 21 (Reuters) - South Africa's foreign ministry spokesperson said in a post on X on Wednesday that "there is no land confiscation," after a White House meeting in which U.S. President Donald Trump confronted South Africa's leader with false claims of mass killings an...Reuters
Wed, May 21
Commodities
CBOT corn futures hit 2-week high, following wheat higher
CHICAGO, May 21 (Reuters) - Chicago Board of Trade corn futures rose to a two-week high on Wednesday, following wheat futures, as traders closely tracked progress of the U.S. crop set to be harvested this fall, market analysts said.Rains across much of the U.S. Midwest delayed planting and stoked co...Reuters
Wed, May 21
Cryptocurrencies
Best Altcoin to Invest in Now: Top 4 Crypto Coins to Buy Today for a 1000% Profit
As the crypto bull market gains steam, investors are once again on the hunt for the best altcoin to invest in now, and 2025 is shaping up to be a breakout year. With volatility turning into opportunity, seasoned traders are targeting top crypto coins with strong fundamentals, real-world utility, and room to 10x or more. […]Cryptopolitan
Wed, May 21
Other
Europe must make concessions to Trump in trade talks, LVMH's Arnault says
PARIS, May 21 (Reuters) - The European Union must soften its stance toward U.S. President Donald Trump's trade demands and negotiate a deal to avoid tariffs and protect European jobs, LVMH CEO and Chairman Bernard Arnault said on Wednesday. Talks between Brussels and Washington should be handled...Reuters
Wed, May 21
Forex
CANADA FX DEBT-Canadian dollar hits nearly 2-week high on reduced rate cut bets
Canadian dollar gains 0.6% against the greenbackTouches its strongest since May 8 at 1.3815Canada-US 2-year spread narrowsBy Fergal Smith TORONTO, May 21 (Reuters) - The Canadian dollar strengthened to a nearly two-week high against its U.S. counterpart on Wednesday as the greenback posted broad-...Reuters
Wed, May 21
Commodities
COLUMN-US ag sector should be on alert after last deal with China fell short: Braun
By Karen Braun NAPERVILLE, Illinois, May 21 (Reuters) - Last week’s U.S.-China trade truce has sparked speculation as to what a potential trade deal between the two rivals might look like.For the U.S. agriculture sector, the result would ideally be very different from the deal signed in January 2...Reuters
Wed, May 21
Commodities
El Paso Declares Force Majeure At Amarillo Station Unit 1 in Randall County, Texas
May 21 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AT AMARILLO STATION UNIT #1 LOCATED IN RANDALL COUNTY, TEXAS AFTER IT EXPERIENCED AN EQUIPMENT FAILURERELATED: [nAQN2KEC50]Reuters
Wed, May 21
Stocks
TJX Posts Q1 Comps Growth
The TJX Companies (NYSE:TJX) reported first-quarter fiscal 2026 results on May 21, 2025, featuring a consolidated 3% comparable sales increase, a pretax profit margin of 10.3%, and diluted EPS of $0.92. Management maintained full-year FY2026 guidance for sales and earnings growth, assuming that "the...The Motley Fool
Wed, May 21
Other
Microsoft files legal action against information-stealing malware Lumma Stealer
May 21 (Reuters) - Microsoft MSFT.O said on Wednesday its Digital Crimes Unit (DCU) filed a legal action against Lumma Stealer last week, after it found nearly 400,000 Windows computers globally infected by the information-stealing malware in the past two months.Lumma is capable of stealing data fro...Reuters
Wed, May 21
Stocks
Progressive’s April combined ratio improves 4.1 points to 84.9%
By Chris MunroMay 21 - (The Insurer) - Progressive Corporation’s April 2025 combined ratio improved by 4.1 points year on year to 84.9% as a reduction in its loss and loss adjustment expense (LAE) ratio more than offset a higher expense ratio.The Mayfield Village, Ohio-based company’s loss and LAE r...Reuters
Wed, May 21
