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South Korea vows support for biopharmaceutical, auto sectors over US tariffs
SEOUL, May 21 (Reuters) - South Korea's government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by U.S. President Donald Trump's sweeping tariffs.The government will prepare new measures t...Reuters
Tue, May 20
Other
Massachusetts college student to plead guilty to PowerSchool data breach
Matthew Lane pleads guilty to hacking, extorting ransomsLane used contractor credentials to access PowerSchool's networkPowerSchool paid ransom to prevent data leak of millions of studentsBy Nate Raymond BOSTON, May 20 (Reuters) - A Massachusetts college student has agreed to plead guilty to ...Reuters
Tue, May 20
Other
Mexico minister says cars shipped to US to face average 15% tariff, not 25%
MEXICO CITY, May 20 (Reuters) - Mexican Economy Minister Marcelo Ebrard said on Tuesday that cars assembled in Mexico and exported to the United States will face an average tariff of 15%, not 25%, citing additional discounts that local products benefit from.Reuters
Tue, May 20
Stocks
US court approves Brazilian airline Gol's restructuring plan
SAO PAULO, May 20 (Reuters) - Brazilian airline Gol GOLL4.SA said on Tuesday its restructuring plan under Chapter 11 proceedings was approved by a U.S. court, paving the way for it to exit bankruptcy protection on June 6.The carrier, one of Brazil's largest, filed for bankruptcy protection in th...Reuters
Tue, May 20
Other
Canada says G7 finance meeting to focus on restoring stability, growth
BANFF, Alberta, May 20 (Reuters) - Finance ministers from the Group of Seven industrial democracies will try to agree on policies to restore global growth and stability, Canadian Finance Minister Francois-Philippe Champagne said on Tuesday, acknowledging that tensions over new U.S. tariffs would con...Reuters
Tue, May 20
Commodities
Japanese farm minister resigns following gaffe over rice
TOKYO, May 21 (Reuters) - Japanese farm minister Taku Eto said on Wednesday he has resigned to take responsibility for remarks he made this week about rice that angered voters reeling from historically high rice prices.Reuters
Tue, May 20
Forex
USD/CAD softens to near 1.3900 on caution over US economy
The USD/CAD pair extended its decline to near 1.3910 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) amid renewed concerns over the US economy. Traders will keep an eye on the speech from the Federal Reserve’s (Fed) Thomas I.
Fxstreet
Tue, May 20
Forex
AUD/USD hovers above 0.6400 post RBA rate cut, eyes on US Trump tax bill approval
The Australian Dollar (AUD) begins the Asian session virtually unchanged against the US Dollar (USD) on Wednesday, following a 0.49% loss in the previous session as the Reserve Bank of Australia (RBA) reduced interest rates. At the time of writing, the AUD/USD trades at 0.6420 flat.
Fxstreet
Tue, May 20
Other
Canada looks to help build Ukraine's pension system, says finance minister
BANFF, Alberta, May 20 (Reuters) - Canada is considering helping build a pension system like its own for Ukraine, Finance Minister François-Philippe Champagne said on Tuesday. "I had the privilege with Sergei to meet a number of pension funds and a number of very important investors to look at w...Reuters
Tue, May 20
Other
Trump likely to confront South Africa's Ramaphosa over equity mandates affecting U.S. firms
Trump, Ramaphosa scheduled to meet on WednesdayTrump likely to raise equity mandates, trade imbalance, AfrikanersRamaphosa is seeking to reset relations with the USBy Nandita Bose, Tim Cocks and Daphne Psaledakis WASHINGTON/JOHANNESBURG, May 20 (Reuters) - U.S. President Donald Trump is expected ...Reuters
Tue, May 20
Other
Tesla on track to launch robotaxi trial in Austin, Texas, by June end, Musk says
Tesla in talks to license FSD software to major automakers, Musk saysRobotaxi deployment would scale up to about a thousand within a few months, Musk saysxAI ramps up data center capacity with Nvidia chips in MemphisTesla, xAI merger not out of question but would need shareholder ok, Musk says M...Reuters
Tue, May 20
Other
Workday Inc expected to post earnings of $2.01 a share - Earnings Preview
Workday Inc WDAY.OQ WDAY.O is expected to show a rise in quarterly revenue when it reports results on May 22 for the period ending April 30 2025The Pleasanton California-based company is expected to report a 11.5% increase in revenue to $2.218 billion from $1.99 billion a year ago, according to th...Reuters
Tue, May 20
Cryptocurrencies
Dogecoin Chart Too Good To Ignore, Says Trader Eyeing Double
Dogecoin slipped 7% early this week, wiping out much of its gains from last Friday. But a pair of chart watchers say the pullback could be brief. According to analysis from Jake Wujastyk, the meme token is poised for a sharp climb once key levels hold. Based on reports from fellow analyst Bitcoinsen...NewsBTC
Tue, May 20
Cryptocurrencies
AVAX’s DeFi Momentum Sheds Light on Ruvi AI (RUVI)’s Potential to Explode During Bull Market
Avalanche (AVAX) has gotten a lot of attention for its consensus mechanism and ability to process thousands of transactions per second. While Avalanche defines itself through its scalability, another rising project Ruvi AI is making waves by combining the power of artificial intelligence (AI) with blockchain. Beyond its tech approach, Ruvi AI is a great […]Cryptopolitan
Tue, May 20
Stocks
Doximity: A Closer Look at Its Investment Potential
Explore the exciting world of Doximity (NYSE: DOCS) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!*Stock prices used were the prices of April 9, 2025. The video was publis...The Motley Fool
Tue, May 20
Other
Trump migrant detentions at Guantanamo Bay cost $100,000 per person daily, senator says
U.S. official says about 70 migrants now at GuantanamoSenator Peters criticizes 'outrageous' wasteful spendingBy Ted Hesson WASHINGTON, May 20 (Reuters) - President Donald Trump's use of the Guantanamo Bay naval base to house migrants appears to cost $100,000 per day for each detainee...Reuters
Tue, May 20
Cryptocurrencies
Bitcoin spotted on Blackstone’s $1 trillion portfolio
In an SEC filing earlier today, May 20, 2025, Blackstone Inc., an asset manager controlling about $1 trillion in funds, disclosed its holdings in the iShares Bitcoin Trust ETF (IBIT) within its Alternative Multi-Strategy Fund. Per the SEC filing, Blackstone now has indirect exposure to Bitcoin, making the asset manager one of the companies that […]Cryptopolitan
Tue, May 20
Stocks
Why Warby Parker Stock Raced 16% Higher on AI News Tuesday
Many investors were seeing vast potential in Warby Parker (NYSE: WRBY) on Tuesday. Collectively, they bid the eyeglass specialist's share price up by 16% on the day, thanks to news of its tie-up with a top name in the tech sector. That performance was particularly impressive, given that the S&P 500 ...The Motley Fool
Tue, May 20
Cryptocurrencies
Strive plans discounted Bitcoin play with Mt Gox creditor claims
Strive Enterprises, the asset management firm founded by pro-crypto entrepreneur Vivek Ramaswamy, is planning to buy distressed Bitcoin claims. In a recent filing with the Securities and Exchange Commission (SEC), the firm said this would allow it to gain BTC exposure at a discount. According to the filing, the Ohio-based corporation is partnering with 117 […]Cryptopolitan
Tue, May 20
