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Nvidia plans to sell tech to speed AI chip communication
Nvidia launches NVLink Fusion to speed connecting AI chipsDesktop AI PCs for researchers will be ready in weeks, CEO saysMediaTek and Marvell plan to adopted NVLink FusionBy Max A. Cherney and Wen-Yee Lee TAIPEI, May 19 (Reuters) - Nvidia NVDA.O plans to sell a technology that will tie chips toge...Reuters
Mon, May 19
Other
Deals of the day-Mergers and acquisitions
May 19 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday:** The private equity owner of Northwind Midstream is exploring a potential sale of the Permian Basin gas infrastructure operator, with any deal expected to value the company at around $2 b...Reuters
Mon, May 19
Other
CBS News chief stepping down as Paramount seeks to settle Trump suit
By Helen Coster May 19 (Reuters) - Wendy McMahon, president and CEO of Paramount Global's PARA.O CBS News, will step down from her position, telling staffers that she and the company have differing views on the path forward, according to a memo seen by Reuters on Monday.McMahon, president and...Reuters
Mon, May 19
Economic Indicator
'Choose France' summit brings 20 billion euros of new investment
By Dominique Vidalon and Michel Rose PARIS, May 19 (Reuters) - This year's "Choose France" business summit is set to secure 20 billion euros ($22.47 billion) of new investment, French President Emmanuel Macron said, announcing projects in defence, energy and industry as well as in art...Reuters
Mon, May 19
Other
Midland States Bancorp Inc expected to post earnings of 62 cents a share - Earnings Preview
Midland States Bancorp Inc MSBI.OQ MSBI.O is expected to show a rise in quarterly revenue when it reports results on May 21 (estimated) for the period ending June 30 2025The Effingham Illinois-based company is expected to report a 4.2% increase in revenue to $75.762 million from $72.71 million a y...Reuters
Mon, May 19
Stocks
Brazil Q1 activity jumps 1.3% as grains, industry offset rate-hike drag
By Marcela Ayres BRASILIA, May 19 (Reuters) - Brazil's economy powered through the first quarter, defying high borrowing costs thanks to a bumper grain harvest and growth in the industrial sector, central bank data showed on Monday.The IBC-Br economic activity index, regarded as a proxy for g...Reuters
Mon, May 19
Other
Clearsign Technologies Corp expected to post a loss of 4 cents a share - Earnings Preview
Clearsign Technologies Corp CLIR.OQ CLIR.O is expected to show a rise in quarterly revenue when it reports results for the period ending June 30 2025The Tulsa Oklahoma-based company is expected to report a 1,331.1% increase in revenue to $644 thousand from $45 thousand a year ago, according to th...Reuters
Mon, May 19
Other
Domo Inc expected to post a loss of 20 cents a share - Earnings Preview
Domo Inc DOMO.OQ DOMO.O is expected to show a fall in quarterly revenue when it reports results on May 21 for the period ending April 30 2025The American Fork Utah-based company is expected to report a 2.7% decrease in revenue to $77.908 million from $80.1 million a year ago, according to the mean...Reuters
Mon, May 19
Commodities
House bill would choke US solar investment, says top trade group
May 19 (Reuters) - Legislation advanced by Republicans in the U.S. House of Representatives last week could put 300 domestic solar and energy storage factories at risk and kill nearly 300,000 jobs, a top solar trade group warned on Monday.WHY IT'S IMPORTANT The analysis by the Solar Energy Indus...Reuters
Mon, May 19
Stocks
US STOCKS-Wall Street stocks mostly flat with sentiment weakened by Moody's downgrade
TXNM Energy gains after Blackstone dealNovavax jumps after coronavirus vaccine wins FDA approvalBy Chibuike Oguh NEW YORK, May 19 (Reuters) - U.S. stocks finished near the unchanged mark on Monday with market sentiment weakened by the downgrade of the federal government's perfect sovereign cr...Reuters
Mon, May 19
Other
US does not anticipate trade deals at G7 -source
CALGARY, May 19 (Reuters) - The U.S. Treasury does not anticipate any trade deal announcements as part of a G7 finance ministers and central bank governors meeting this week in Canada, a source briefed on U.S. participation in the meeting said.The source told reporters on condition of anonymity that...Reuters
Mon, May 19
Other
World hires AssuredPartners' Youshock as personal lines head
By Isha MaratheMay 19 - (The Insurer) - World Insurance Associates has hired Michelle Youshock, former regional personal lines sales leader at AssuredPartners, as the head of personal lines, replacing Jim Hickey, who is taking over carrier consolidation efforts at the company.Youshock has over two ...Reuters
Mon, May 19
Economic Indicator
JPMorgan expects dealmaking fees to drop, keeps CEO succession plans steady
Interest income outlook steady despite uncertainty, CFO saysAI-driven efficiency could reduce headcountBank open to acquisitions, but will be cautiousBy Nupur Anand and Niket Nishant NEW YORK, May 19 (Reuters) - JPMorgan Chase JPM.N shares slid after the bank told investors its investment bankin...Reuters
Mon, May 19
Stocks
GLOBAL MARKETS-Treasury yields rise, dollar down with focus on tax bill, US downgrade
S&P 500 down slightly by afternoon; Moody's downgrade assessed Treasury yields rise while dollar retreats Investors also focused on U.S. tax bill By Caroline Valetkevitch NEW YORK, May 19 (Reuters) - Longer-dated Treasury yields gained while the dollar eased and the S&P 500 edg...Reuters
Mon, May 19
Other
US judge rules Trump unlawfully ousted board members of Institute of Peace
By Mike Scarcella WASHINGTON, May 19 (Reuters) - A federal judge in Washington ruled on Monday that the Trump administration illegally ousted leaders of the U.S. Institute of Peace, calling the effort a “gross usurpation of power.” In her decision, U.S. District Judge Beryl Howell said Republican...Reuters
Mon, May 19
Other
EXCLUSIVE-Subaru of America increases vehicle prices, citing 'market conditions'
By Nora Eckert and David ShepardsonDETROIT, May 19 (Reuters) - Subaru of America is hiking prices on several of its models, the company said on Monday, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration's tariffs.Subaru said in a s...Reuters
Mon, May 19
Other
US Senate Democratic leader proposes ban on foreign Air Force One
WASHINGTON, May 19 (Reuters) - U.S. Senate Democratic leader Chuck Schumer on Monday introduced a bill that would prevent any foreign aircraft from being used as Air Force One, the aircraft that transports the U.S. president.Schumer introduced the "Presidential Airlift Security Act" after ne...Reuters
Mon, May 19
Other
Moody's downgrades JPM, BofA and Wells Fargo after US credit rating cut
May 19 (Reuters) - Moody's on Monday downgraded the long-term ratings of top American lenders such as JPMorgan Chase JPM.N, Bank of America BAC.N and Wells Fargo WFC.N, after pushing the U.S. out of top triple-A rating club over its burgeoning $36 trillion debt. It also downgraded the long-t...Reuters
Mon, May 19
Other
Striking Pratt engine workers to resume talks with RTX on Thursday
May 19 - RTX RTX.N and the union representing around 3,000 striking U.S. Pratt & Whitney workers are resuming talks on Thursday as a stoppage goes into its third week, spokespeople for both the company and union said on Monday.Pratt produces about 70% of the company's geared turbofan engines...Reuters
Mon, May 19
