News
Important Only
Economic Indicator
RBA expected to cut interest rate as focus turns to inflation, growth outlook
The Reserve Bank of Australia (RBA) is set to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.85% from 4.1% after concluding its May monetary policy meeting on Tuesday. The decision will be announced at 04:30 GMT.
Fxstreet
Mon, May 19
Other
Denzel Washington receives surprise honorary Palme d'Or award at Cannes
CANNES, France, May 19 (Reuters) - U.S. actor Denzel Washington received a surprise honorary Palme d'Or award at the Cannes Film Festival on Monday evening in recognition of his outstanding career, according to organisers.Washington, 70, was in southern France for the premiere of U.S. director S...Reuters
Mon, May 19
Other
Waymo Says CPUC Has Approved Our Application To Operate Fully Autonomous Commercial Ride-Hailing Service In South Bay And Nearly All Of San Jose
May 19 (Reuters) - Alphabet Inc GOOGL.O:WAYMO - CPUC HAS APPROVED OUR APPLICATION TO OPERATE FULLY AUTONOMOUS COMMERCIAL RIDE-HAILING SERVICE IN SOUTH BAY AND NEARLY ALL OF SAN JOSESource text: https://tinyurl.com/39brmvwdReuters
Mon, May 19
Commodities
Equinor says US lifts stop-work order on New York offshore wind farm
May 19 (Reuters) - The Trump administration lifted a month-old stop-work order on a major offshore wind facility planned off the coast of New York, Norway's Equinor EQNR.OL, the project's developer, said on Monday.Officials from the U.S. Interior Department, which issued the order last month...Reuters
Mon, May 19
Other
Kremlin spokesman: memorandum on Ukraine settlement complex, no deadline can be set
May 20 (Reuters) - There could be no deadlines for preparing a memorandum between Russia and Ukraine, Russia's state news agencies cited Kremlin spokesperson Dmitry Peskov as saying in remarks published early on Tuesday. "There are no deadlines and there cannot be any. It is clear that every...Reuters
Mon, May 19
Forex
AUD/JPY Price Forecast: Climbs ahead of RBA decision, floats around 93.50
The AUD/JPY rallied on Monday, gaining over 0.30% as traders brace for the Reserve Bank of Australia (RBA) monetary policy decision. Nevertheless, news that the People's Bank of China (PBoC) might reduce rates and improve risk appetite, as the central bank takes measures to propel China’s economy.
Fxstreet
Mon, May 19
Cryptocurrencies
US Justice Department investigates Coinbase $20 Million ransom hack
The United States Justice Department has launched an investigation into last week’s security breach at Coinbase Global Inc., the country’s biggest cryptocurrency exchange. According to a Bloomberg report, people familiar with the case say prosecutors in the department’s criminal division in Washington are looking at how the break-in happened. The breach was made public late […]Cryptopolitan
Mon, May 19
Stocks
Why Investors Were Hot on European Wax Center Stock Today
One of the most powerful catalysts for any stock is a substantial change in a researcher's price target. That was the dynamic behind the more than 2% gain of European Wax Center (NASDAQ: EWCZ) on Monday, as an analyst tracking the stock significantly upped her fair value assessment. The stock's rise...The Motley Fool
Mon, May 19
Cryptocurrencies
Bitcoin’s $10K Rhythm: Steady Climb Signals Strong Push To $115K
Bitcoin is showing signs of calm after a wild ride earlier this year. The top cryptocurrency dropped sharply from a high of $109,000 in January to a low of $74,600 by mid-April. That’s more than $34,000 wiped out in just a few months. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than...NewsBTC
Mon, May 19
Cryptocurrencies
Bitcoin Whipsaws From $107,000 To $103,000: What Went Wrong?
Bitcoin surrendered a weekend burst above $107,000 and was last changing hands near $103,200 in European trade, a $4,000 round-trip that unfolded in less than twelve hours. The leading cryptocurrency printed an intraday high of $107,111 during thin Asian hours before liquidity evaporated and spot ma...Bitcoinist
Mon, May 19
Other
CORRECTED-GM to stop exporting vehicles from US to China, company says
DETROIT, May 19 (Reuters) - General Motors GM.N informed employees and dealers for its China export business on Thursday in China that it would stop shipping vehicles to China from the United States, the company said. The move comes as the United States and China continue discussions on tariffs and ...Reuters
Mon, May 19
Other
US expected to declare Biden fuel economy rules exceeded legal authority
WASHINGTON, May 19 (Reuters) - The U.S. Transportation Department is expected to declare that fuel economy rules issued under then President Joe Biden exceeded the government's legal authority by including electric vehicles in setting the rules, automakers said on Monday.Transportation Secretary...Reuters
Mon, May 19
Other
Biden's cancer diagnosis prompts new questions about his health while in White House
JD Vance assails a lack of transparency on health issuesNew book raises concerns about Biden's mental acuityDoctors surprised by late-stage cancer diagnosisBiden's cancer diagnosis draws sympathy of rivalsBy Andy Sullivan WASHINGTON, May 19 (Reuters) - Former U.S. President Joe Biden'...Reuters
Mon, May 19
Stocks
Complete Solaria flags going-concern doubts
** Shares of renewable energy firm Complete Solaria SPWR.O down 5.1% to $1.85 in extended trading** Company raises substantial doubts on its ability to continue as a going concern, according to a filing with the Securities and Exchange Commission** History of losses may continue in the future and th...Reuters
Mon, May 19
Other
Kremlin says Romanian election was 'strange, to say the least'
MOSCOW, May 19 (Reuters) - The Kremlin on Monday described Romania's presidential election as "strange", saying the pro-Russian candidate who won an aborted vote last year had been unfairly disqualified.Pro-European centrist Nicusor Dan defeated a hard-right, nationalist rival in Sunday&...Reuters
Mon, May 19
Forex
Central bank body BIS flags potential for dollar scramble
By Marc Jones LONDON, May 19 (Reuters) - Central bank body the Bank for International Settlements has flagged a possible scramble for dollars could be triggered if whipsawed investors begin to unwind positions in the $113 trillion FX swap market amid U.S. volatility.The BIS recently estimated tha...Reuters
Mon, May 19
Commodities
US Department of Energy to begin issuing orders for pending LNG export permits
By Curtis Williams HOUSTON, May 19 (Reuters) - The U.S. Department of Energy will begin approving or rejecting pending applications for permits to export liquefied natural gas to countries with no free trade agreements with the U.S., the agency said on Monday, after releasing a final study on...Reuters
Mon, May 19
Other
Europeans to pressure Russia with sanctions, Germany says
BERLIN, May 19 (Reuters) - European leaders agreed to increase pressure on Russia through sanctions after U.S. President Donald Trump briefed them on his call with Russian President Vladimir Putin, German Chancellor Friedrich Merz said late on Monday. U.S. President Donald Trump held calls ...Reuters
Mon, May 19
Stocks
Why Curaleaf Holdings Stock Topped the Market Today
Several encouraging pieces of news about legalized medical marijuana sent Curaleaf Holdings (OTC: CURLF) stock to a win on the first trading day of the week. Shares of the veteran weed company, which is active in both the medical and recreational segments of the market, closed the day more than 2% h...The Motley Fool
Mon, May 19
Stocks
After Nearly Dumping His Entire Portfolio and Buying Puts on Nvidia, Did Famed Investor Michael Burry Just Pull Off Another "Big Short?" It Certainly Looks That Way.
If you've seen the movie The Big Short, which is based on the novel by Michael Lewis and features acclaimed actors Steve Carrell, Christian Bale, Ryan Gosling, and Jeremy Strong, then you probably know who Michael Burry is. The former Stanford neurology resident rose to prominence while posting stoc...The Motley Fool
Mon, May 19
