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Stocks
Prediction: This Will Be The First Major Stock Purchase by Berkshire Hathaway in the Post-Buffett Era
Besides news about tariffs, one of the bigger storylines in the financial world as of late has to do with Warren Buffett stepping down as CEO of Berkshire Hathaway at the end of the year.While his resignation came as a shocker for most, tapping Greg Abel as his successor wasn't much of a surprise. S...The Motley Fool
Tue, May 20
Other
Turkey's spy chief, Syria's Sharaa discuss Kurdish militants disarming, source says
ANKARA, May 20 (Reuters) - Turkey's intelligence chief and Syrian President Ahmed al-Sharaa discussed the Kurdish YPG militant group laying down its weapons and integrating into Syrian security forces during talks in Syria, a Turkish security source said on Tuesday."The YPG laying down its w...Reuters
Tue, May 20
Other
Cyclone pool drives 39% drop in premiums for high-risk areas
By Ryan HewlettMay 20 - (The Insurer) - Australia’s state-backed cyclone reinsurance pool has helped cut home insurance premiums for the highest cyclone risk areas by 39% since launch in July 2022, according to new data.The pool, operated by the Australian Reinsurance Pool Corporation (ARPC), has al...Reuters
Tue, May 20
Other
REFILE-Canopius announces two senior hirings in APAC team
By Navneeta NandanMay 20 - (The Insurer) - Canopius Group has appointed Chen Zhang as head of claims for the Asia Pacific region, the company said on Monday.In addition, Channing Chiu has been appointed to the newly created role of Asia Pacific regional strategy and transformation lead.Both report ...Reuters
Tue, May 20
Other
London-Listed Miner Adriatic Metals In £700M Takeover Talks- Sky News
May 20 (Reuters) - LONDON-LISTED MINER ADRIATIC METALS IN £700M TAKEOVER TALKS- SKY NEWSADRIATIC METALS IS IN THE VERY EARLY STAGES OF DISCUSSIONS WITH DUNDEE PRECIOUS METALS- SKY NEWSSource text: https://tinyurl.com/ycymm8ywReuters
Tue, May 20
Other
Relation Insurance Services acquires assets of Engle and Associates
May 20 - (The Insurer) - Relation Insurance Services has acquired the assets of Engle and Associates Insurance Brokers, a family-owned agency with more than 45 years of experience.This transaction took effect on May 1, 2025. Financial terms were not disclosed.Engle and Associates will continue to op...Reuters
Tue, May 20
Cryptocurrencies
Binance wants the $1.76B FTX lawsuit dismissed, blames SBF for collapse
Binance has filed a motion in Delaware Bankruptcy Court to dismiss a lawsuit brought by the estate of FTX Trading Ltd., which seeks to recover $1.76 billion related to a 2021 share buyback deal. The crypto exchange contends that the estate is attempting to redirect blame for its collapse from the criminal misconduct of founder […]Cryptopolitan
Tue, May 20
Stocks
LIVE MARKETS-And then it was Tuesday: Stocks shuffle lower
Main US indexes red; Nasdaq, off ~0.5%, down mostTech down most among S&P sectors; Utilities lead gainersEuro STOXX 600 index up ~0.8%Dollar dips; crude, bitcoin both down about 1%; gold gainsUS 10-Year Treasury yield rises to ~4.52%Welcome to the home for real-time coverage of markets brought t...Reuters
Tue, May 20
Other
Norway's Norges to vote for three Elliott nominees in Phillips 66 fight
By Svea Herbst-BaylissNEW YORK, May 20 (Reuters) - Norway's sovereign wealth fund said it plans to vote for three of Elliott Investment Management's four director candidates in a bitter board fight at Phillips 66 PSX.N.Norges Bank Investment Management, one of Phillips 66's 10 largest sh...Reuters
Tue, May 20
Other
BioNTech expands UK partnership with up to $1.33 billion investment
May 20 (Reuters) - German vaccine maker BioNTech 22UAy.DE said on Tuesday that it plans to expand its investment in the United Kingdom by up to 1 billion pounds ($1.33 billion) over the next ten years to broaden its research and development activities. The company said its subsidiary BioNTech UK sig...Reuters
Tue, May 20
Stocks
Victoria's Secret adopts 'poison pill' after Australian billionaire's firm raises stake
May 20 (Reuters) - Victoria's Secret VSCO.N adopted a shareholder rights plan on Tuesday, after Australian billionaire Brett Blundy's investment firm increased its stake in the lingerie maker.The 'poison pill' plan, known as a limited-duration shareholder rights plan, was adopted to ...Reuters
Tue, May 20
Other
Insureds shift savings to parametric coverage as property rates decrease: Descartes’ Vetter
By Mia MacGregorMay 8 - (The Insurer) - As property insurance rates decrease, corporate buyers are increasingly investing savings into parametric coverage to enhance their risk management strategies, according to Daniel Vetter, head of Americas at global parametric MGA Descartes. While broader prope...Reuters
Tue, May 20
Other
Delta resuming direct flights between New York and Tel Aviv
May 20 (Reuters) - Delta Air Lines DAL.N said it is resuming daily roundtrip flights from New York JFK Airport to Tel Aviv starting Tuesday.The flights were temporarily suspended by the U.S. airline in early May in response to ongoing conflict in the region and follows an extensive security risk as...Reuters
Tue, May 20
Economic Indicator
TREASURIES-US yields rise as fiscal concerns remain in focus
By Karen Brettell May 20 (Reuters) - U.S. Treasury yields rose on Tuesday on concerns that a bill in Congress to cut taxes will worsen the U.S. budget deficit at a faster pace than feared and with no major U.S. economic data to drive market direction.President Donald Trump is headed to Capitol Hi...Reuters
Tue, May 20
Other
Neal to begin Aon role on September 1
By Scott VincentMay 20 - (The Insurer) - Outgoing Lloyd's CEO John Neal will begin his tenure as Aon's CEO of global reinsurance and global chair of climate solutions on September 1, the broker has confirmed to The Insurer. Neal, who is set to exit Lloyd's at the end of the month, will t...Reuters
Tue, May 20
Forex
USD/CHF Price Forecast: At make or a break around 0.8340
The USD/CHF pair flattens around 0.8340 during North American trading hours on Tuesday after clawing back initial losses. The Swiss Franc pair rebounds as the US Dollar Index (DXY) bounced back after attracting bids near the weekly low around 100.00.
Fxstreet
Tue, May 20
Economic Indicator
US health authorities set most-favored-nation pricing targets
WASHINGTON, May 20 (Reuters) - The U.S. Department of Health and Human Services said on Tuesday it was setting most-favored-nation prescription drug pricing targets following an executive order by President Donald Trump.The target price "is the lowest price in an OECD country with a GDP per capi...Reuters
Tue, May 20
Other
Trump to make 3 pm/1900 GMT announcement with Hegseth, White House says
WASHINGTON, May 20 (Reuters) - U.S. President Donald Trump plans to make a 3 p.m. announcement on Tuesday in the Oval office with Secretary of Defense Pete Hegseth, the White House said in an update to the president's schedule.Reuters
Tue, May 20
