News
Important Only
Other
French, German leaders call on EU to scrap supply chain audit law
EU had been negotiating reform of supply chain audit lawBut French, German leaders call to scrap it insteadCalls come as Trump pushes deregulation agenda in United StatesEurope straining to remain competitive with China, United StatesBy Andreas Rinke, Sarah Marsh and Kate Abnett BERLIN/BRUSSELS, ...Reuters
Tue, May 20
Stocks
Zoom falls as Alphabet unveils video communications platform Google Beam
** Shares of video conferencing platform Zoom Communications ZM.O fall as much as 1.9% to $81.3; last down 0.4% at $82.94 ** Alphabet GOOGL.O announces AI-first video communications platform, Google Beam, at its annual developer conference ** ZM in a post on X says will collaborate w...Reuters
Tue, May 20
Forex
CANADA FX DEBT-Canadian dollar gains as core inflation measures heat up
Canadian dollar gains 0.2% against the greenbackTrades in a range of 1.3918 to 1.3968Underlying inflation heats up in April10-year yield touches a near four-month highBy Fergal Smith TORONTO, May 20 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Tuesday as investors ...Reuters
Tue, May 20
Other
Ukraine's Zelenskiy welcomes UK, EU sanctions, says would be good if US also helped
May 20 (Reuters) - Ukrainian President Volodymyr Zelenskiy on Tuesday welcomed new British and EU sanctions on Russia and said it "would be good" if the United States added its help."Today, we have a sanctions decision from Britain, as well as one from the EU and it would be good if the ...Reuters
Tue, May 20
Other
EU agrees to lift economic sanctions on Syria, Kallas says
BRUSSELS, May 20 (Reuters) - EU foreign ministers on Tuesday agreed to lift economic sanctions on Syria, the bloc's foreign policy chief Kaja Kallas said. "We want to help the Syrian people rebuild a new, inclusive and peaceful Syria," Kallas said in a post on social media platform X fo...Reuters
Tue, May 20
Cryptocurrencies
Elon Musk declares unofficial retirement from political spending
Elon Musk has announced that he will be doing a lot less political spending going forward. “I think I’ve done enough,” Musk said. Tesla’s CEO, Elon Musk, has been an influential political donor in recent years. However, the tech giant is saying that he plans to back away from political spending. Elon Musk is taking […]Cryptopolitan
Tue, May 20
Other
TREASURIES-US yields edge up as fiscal concerns remain in focus
By Karen Brettell May 20 (Reuters) - Longer-dated U.S. Treasury yields edged higher on Tuesday on concerns that a tax-cut bill being debated in Congress will worsen the U.S. budget deficit at a faster pace than previously expected and as corporate debt supply picked up. President Donald Tr...Reuters
Tue, May 20
Commodities
CBOT wheat closes higher on short-covering, decline in US crop rating
CHICAGO, May 20 (Reuters) - Chicago Board of Trade wheat futures surged to a two-week high on Tuesday, as a weaker dollar and unexpected decline in U.S. crop ratings encouraged more short-covering after prices hit a five-year low last week, market analysts said.CBOT July soft red winter wheat WN25 c...Reuters
Tue, May 20
Other
FEMA needs new name as disaster costs pushed to states, DHS head Noem says
May 20 (Reuters) - The Federal Emergency Management Agency should be renamed as the agency is reformed to increase the burden on states to respond to natural disasters, U.S. Homeland Security Secretary Kristi Noem said at a meeting of a FEMA review council on Tuesday.Reuters
Tue, May 20
Stocks
FDA tightens requirements for COVID vaccine, adding trials for healthy adults
FDA leaders say studies need to show evidence of benefit of annual shots for healthy adultsFDA leaders say 100 million-200 million Americans would still be eligible for annual shotsFDA leaders say U.S. COVID policy has been more aggressive than EuropeBy Michael Erman NEW YORK, May 20 (Reuters) - ...Reuters
Tue, May 20
Economic Indicator
US economy may be on the brink of price-hike wave, Fed's Bostic says
AMELIA ISLAND, Florida, May 20 (Reuters) - U.S. businesses may have run out of strategies to delay changing prices or employment in response to higher import taxes, with the economy possibly on the brink of a wave of price increases, Atlanta Federal Reserve President Raphael Bostic said on Tuesday.&...Reuters
Tue, May 20
Stocks
Why Amer Sports Rocketed Higher Today
Shares of sports apparel and equipment conglomerate Amer Sports (NYSE: AS) rocketed 18.1% higher on Tuesday, as of 2:18 p.m. ET.The owner of outdoor gear and apparel brand Arc'teryx, shoe and ski/snowboard brand Salomon, tennis brand Wilson, and baseball bat brand Louisville Slugger, among others, r...The Motley Fool
Tue, May 20
Economic Indicator
Fed's Bostic: More businesses say they can't delay tariff response any longer
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic hit newswires on Tuesday, warning that more businesses are geared to begin adjusting their prices and employment numbers as US tariffs begin to work their way through the US economy.Fxstreet
Tue, May 20
Stocks
US STOCKS-Wall Street stocks slip, rising US Treasury yields in focus
Indexes down: Dow 0.58%, S&P 500 0.70%, Nasdaq 0.75%Tesla up after Musk says committed to being CEOHome Depot pares earlier gains following Q1 sales beat By Chibuike Oguh NEW YORK, May 20 (Reuters) - U.S. stocks fell on Tuesday, with the benchmark S&P 500 on track to break six straigh...Reuters
Tue, May 20
Economic Indicator
Forex Today: Focus now shifts to UK inflation data
The US Dollar (USD) traded in a negative fashion, extending Monday’s losses and revisiting the area of multi-day lows. Indeed, renewed concerns over the US economy kept the currency under pressure on Tuesday, while fresh trade jitters also contributed to the sour mood.
Fxstreet
Tue, May 20
Other
Silvercape Investments Ltd Reports 11.1% Stake In Petmed Express
May 20 (Reuters) - Petmed Express Inc PETS.O:SILVERCAPE INVESTMENTS LTD REPORTS 11.1% STAKE IN PETMED EXPRESS INC AS OF MAY 18 - SEC FILINGSILVERCAPE INVESTMENTS LTD SAYS INTENDS TO ENGAGE IN DISCUSSIONS WITH PETMED EXPRESS' MANAGEMENT AND/OR CO'S BOARDSILVERCAPE INVESTMENTS LTD SAYS IT MAY ...Reuters
Tue, May 20
Commodities
CBOT soybeans close on South American crop questions, spillover support from corn and wheat
CHICAGO, May 20 (Reuters) - Chicago Board of Trade soybean futures turned higher on Tuesday amid short-covering and choppy trading, as market participants tried to glean information about whether recent rains have caused material damage to South America's crop.Soybeans also gained spillover supp...Reuters
Tue, May 20
