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US STOCKS-Tech stocks drag Wall St lower ahead of Fed commentary
Indexes down: Dow 0.19%, S&P 500 0.34%, Nasdaq 0.45%Home Depot rises after Q1 sales beat S&P 500 set to snap six-day win streak if losses holdTesla up after Musk says committed to being CEOBy Shashwat Chauhan and Kanchana Chakravarty May 20 (Reuters) - Wall Street's main indexes fell ...Reuters
Tue, May 20
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Vietnam approves establishment of Sun PhuQuoc Airways, state media says
HANOI, May 20 (Reuters) - Vietnam's Prime Minister, Pham Minh Chinh, has approved the establishment of a new airline, Sun PhuQuoc Airways, the official Vietnam News Agency reported on Tuesday. The airline, parent company of which is real estate and hospitality developer Sun Group, will begin ope...Reuters
Tue, May 20
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World acquires two South Carolina-based insurance agencies
By Isha MaratheMay 20 - (The Insurer) - World Insurance Associates acquired South Carolina's Owens Insurance Agency and Stokes Farnham Insurance Agency, providers of commercial, personal, life and health, and bond insurance products.The acquisition took place on January 1. The financial terms o...Reuters
Tue, May 20
Stocks
Home Depot rises as quarterly sales beat estimates on steady demand
** Shares of home improvement retailer Home Depot HD.N rise as much as 2.7% to $389.75 - highest since March ** Co beats first-quarter sales estimates on steady demand** Posts quarterly sales of $39.86 billion vs analysts' estimates of $39.31 billion - data compiled by LSEG** Co maintains annual...Reuters
Tue, May 20
Stocks
Levi Strauss rises on sale of Dockers to Authentic Brands for $311 mln
** Apparel maker Levi Strauss & Co's shares up ~2.8% at $18.07 after co says it will sell Dockers apparel brand to Reebok and Van Heusen owner Authentic Brands Group for $311 mln** Deal will help LEVI focus more on its flagship Levi's brand and Beyond Yoga activewear line*...Reuters
Tue, May 20
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UK's Adriatic Metals in takeover talks with Dundee Precious Metals, Sky News reports
May 20 (Reuters) - UK's Adriatic Metals ADT1.L is in early stages of takeover talks with Canadian peer Dundee Precious Metals DPM.TO, which could value the British firm at about 700 million pounds ($935.27 million), Sky News reported on Tuesday.The companies did not immediately respond to Reute...Reuters
Tue, May 20
Other
Ryan Specialty acquires Ireland-based MGU 360 Underwriting
By Mia MacGregorMay 20 - (The Insurer) - Ryan Specialty has acquired 360 Underwriting, a Dublin-based MGU specialising in commercial construction. Terms of the deal were not disclosed.360 is based in Dublin and Galway and specialises in commercial construction. The MGU is led by managing directors P...Reuters
Tue, May 20
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CANADA RESEARCH ROUNDUP-Canadian Pacific Kansas City, RBC, Westshore Terminals Investment
May 20 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Canadian Pacific Kansas City, RBC and Westshore Terminals Investment on Tuesday. HIGHLIGHTS * Canadian Pacific Kansas City CP.TO: CIBC raises PT to C$124 from C$119* Interren...Reuters
Tue, May 20
Stocks
Is Intel Stock a Buy Now?
Intel (NASDAQ: INTC) was once a reliable blue chip stalwart for long-term investors. As the world's largest manufacturer of x86 CPUs for PCs and servers, it generated stable growth, consistently bought back its own shares, and paid a dependable dividend.Unfortunately, its net income has declined for...The Motley Fool
Tue, May 20
Other
Intact promotes Belair to technology president in North America
By Isha MaratheMay 20 - (The Insurer) - Intact Insurance Specialty Solutions has appointed Aaron Belair as president of technology for its North American operations.Belair, who joined Intact in 2019, has held several positions at the company spanning technology, multinational and, most recently, Eu...Reuters
Tue, May 20
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RPS names Caruso national casualty president
By Isha MaratheMay 20 - (The Insurer) - Risk Placement Services has appointed Ania Caruso, who was most recently managing director of the southeast region for Gallagher's casualty practice, as the national casualty president. In her new role at Gallagher-owned wholesaler RPS, Caruso will overse...Reuters
Tue, May 20
Stocks
Hewlett Packard Enterprise rises as Evercore turns bullish
** Hewlett Packard Enterprise's HPE.N shares up 1.4% at $17.71 early Tues after Evercore upgrades AI server maker to 'outperform' from 'in line'** Brokerage hikes PT by $5 to $22, or 26% above stock's last close** Evercore analyst team led by Amit Daryanani says current risk/...Reuters
Tue, May 20
Other
Justice Department official who resigned in Adams case joins law firm
By Sara Merken May 20 (Reuters) - John Keller, a former senior U.S. Justice Department lawyer who resigned in February amid a clash over the prosecution of New York City's mayor, has joined law firm Walden Macht Haran & Williams, the firm said on Tuesday.Keller was the acting head of the ...Reuters
Tue, May 20
Other
Willis names Williamson as Canada leader within CRB
By Mia MacGregorMay 20 - (The Insurer) - Willis, a WTW business, has appointed Grant Williamson as Canada leader within its corporate risk and broking (CRB) business.Williamson joined WTW in October 2024 as deputy regional leader, chief commercial officer and head of strategy and execution for Willi...Reuters
Tue, May 20
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Russia's Lavrov says radical groups engaged in 'ethnic cleansing' in Syria, TASS reports
MOSCOW, May 20 (Reuters) - Russian Foreign Minister Sergei Lavrov said that Moscow is deeply concerned by what he said was ethnic cleansing being carried out by "radical militant groups" in Syria, Russian state news agency TASS reported on Tuesday.TASS cited Lavrov as saying of Syria: "R...Reuters
Tue, May 20
Stocks
Archer Aviation falls after Culper Research says short on co
** Shares of air-taxi maker Archer Aviation ACHR.N fall 2% to $11 in morning trade after short-seller Culper Research says it is short on ACHR** Says over the past 12 months, co has "systematically misled, deceived, or outright lied to investors about virtually every supposed milestone related t...Reuters
Tue, May 20
Stocks
Jefferies upgrades Air Canada to 'hold', hikes PT
** Jefferies upgrades Air Canada's AC.TO rating to 'hold' from 'underperform', raises PT to C$18 from C$12** New PT a downside of 4% to the stock's last close** Shares marginally down at C$18.70 in choppy morning trade** Says co avoided macro uncertainty in Q1, and capacity a...Reuters
Tue, May 20
Economic Indicator
Canada annual inflation rate falls, but rise in core measures is tricky for central bank
By David Ljunggren OTTAWA, May 20 (Reuters) - Canada's annual inflation rate fell to 1.7% in April due to a drop in energy prices, but analysts said a rise in closely watched core measures would make life hard for the Bank of Canada as it ponders its next rate move.The overall inflation rate ...Reuters
Tue, May 20
Other
Telekom wins TV rights to 2026 soccer World Cup, says Bild newspaper
May 20 (Reuters) - Telecoms giant Deutsche Telekom DTEGn.DE has secured Germany's broadcasting rights for the men's soccer FIFA World Cup championship in 2026, Bild reported on Tuesday. MagentaTV, the company's television business, could then broadcast all 104 matches in the U.S., Mexic...Reuters
Tue, May 20
