News
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Stocks
BGC Group gains after stock repurchase as Lutnick divests stake
** BGC Group's BGC.O shares up 7.5% at $9.90 on Mon after U.S. Commerce Secretary Howard Lutnick sheds ownership stakes in several affiliated firms to comply with government ethics agreement** Brokerage and fintech firm BGC early Mon says it agreed to repurchase more than 16.4 mln Class A shares...Reuters
Mon, May 19
Other
Union Bankshares Says CEO David S. Silverman To Retire In 2026
May 19 (Reuters) - Union Bankshares Inc UNB.O:UNION BANKSHARES INC - CEO DAVID S. SILVERMAN TO RETIRE IN 2026 - SEC FILINGUNION BANKSHARES INC - SILVERMAN TO REMAIN CEO UNTIL SUCCESSOR NAMED - SEC FILINGUNION BANKSHARES INC - SILVERMAN EXPECTED TO REMAIN ON BOARD POST-RETIREMENT - SEC FILINGSource t...Reuters
Mon, May 19
Stocks
Novavax shares jump after long-awaited FDA approval of its COVID-19 vaccine
By Kamal Choudhury May 19 (Reuters) - Novavax NVAX.O shares jumped more than 15% on Monday after the company secured a long-awaited U.S. regulatory approval for its COVID-19 vaccine, albeit with new conditions, which helped allay some investor concerns over the future of the shot. The U.S...Reuters
Mon, May 19
Other
Euro zone yields reverse from earlier rise on renewed trade tensions
By Stefano Rebaudo and Linda Pasquini May 19 (Reuters) - Euro zone government bond yields turned negative after tracking a rise in U.S. Treasuries earlier on Monday, with investors moving to safer assets over doubts about a trade-war truce between the U.S. and China. Yields had risen earlier i...Reuters
Mon, May 19
Stocks
EMERGING MARKETS-LATAM currencies rise as dollar eases
MSCI Latam stocks index up 1.18%, FX up 1.17%Dollar falls after U.S. credit rating downgradeChile central bank seen holding rate in next meeting, poll showsBy Nikhil Sharma and Pranav Kashyap May 19 (Reuters) - Latin American currencies found firmer footing on Monday, capitalizing on a weaker U.S...Reuters
Mon, May 19
Economic Indicator
US insurance composite rebounded 1.4% as Wall Street surged on US-China temporary trade deal
By Carlos PallordetMay 19 - The North American insurance composite, compiled by investment banks Stonybrook Capital and Weild & Co., increased 1.4% last week as all broad market indices surged, which reversed a 1.3% loss in the previous week.The S&P 500 rose 5.3%, its highest weekly record s...Reuters
Mon, May 19
Stocks
GLOBAL MARKETS-Treasury yields rise, stocks and dollar down with focus on tax bill, US downgrade
US stocks lower in early trading, Moody's downgrade assessed Treasuries yields rise while dollar retreats Investors also focused on U.S. tax bill By Caroline Valetkevitch and Samuel Indyk NEW YORK/LONDON, May 19 (Reuters) - Longer-dated Treasury yields gained while global stock indexes...Reuters
Mon, May 19
Forex
EUR/CHF Price Analysis: Pair holds near 0.94 amid mixed momentum signals
The EUR/CHF pair is trading near the 0.94 zone on Monday, reflecting minor gains as the market stabilizes within its recent range. Despite the modest upside, the pair remains constrained by a broadly neutral technical outlook, with mixed signals across multiple timeframes.
Fxstreet
Mon, May 19
Other
EXPLAINER-What to know about the Trump-Putin call on Ukraine
MOSCOW, May 19 (Reuters) - Donald Trump and Vladimir Putin spoke by telephone on Monday, the third officially announced call this year between the presidents of the United States and Russia. How often do they speak, how do they speak and what are their positions on the war? HOW OFTEN HAVE THEY ...Reuters
Mon, May 19
Other
Brazil government not considering specific aid for airline Azul, minister says
RIO DE JANEIRO, May 19 (Reuters) - Brazil's government is not considering providing specific aid for Azul AZUL.N as the airline faces financial hurdles, but money from a local fund will soon be available for carriers, tourism minister Celso Sabino said on Monday."The Brazilian government doe...Reuters
Mon, May 19
Forex
GBP/USD rallies as Moody’s cut US credit rating, UK-EU "reset" relations
The Pound Sterling posted solid gains on Monday as the Greenback gets battered due to Moody’s lowering US debt rating to Aa1, a headwind for the US Dollar. At the time of writing, the GBP/USD trades at 1.3360, up 0.71%.
Fxstreet
Mon, May 19
Other
Former BMS Re trio launch Fathom Re
By David BullMay 19 - (The Insurer) - Startup reinsurance intermediary Fathom Re has officially launched with former BMS Re broking executives Matthew Haynes, Steve Pekala and Jarad Binder as partners.Sources with knowledge of the situation suggested other former BMS Re and Trean executives are also...Reuters
Mon, May 19
Economic Indicator
LIVE MARKETS-Leading economic index posts biggest monthly drop in over two years
Major stock indexes red, but off lows; Nasdaq off ~0.6%%Healthcare leads S&P sector gains, energy weakestEuro STOXX 600 flatDollar down, bitcoin edges up; gold up ~1%, crude little changedUS 10-Year Treasury yield rises to ~4.48%Welcome to the home for real-time coverage of markets brought to yo...Reuters
Mon, May 19
Other
CBS News President McMahon to step down, memo shows
May 19 (Reuters) - Wendy McMahon, the president and CEO of CBS News, will step down from her position, as the company and her have differing views on the path forward, according to a memo seen by Reuters on Monday. McMahon, president and CEO of Paramount Global-owned PARA.O CBS News and Stations an...Reuters
Mon, May 19
Cryptocurrencies
Sui rally stalls amid $9.3 million weekly fund inflows and price swings in the broader market
Sui's (SUI) price faces headwinds around $3.71 on Monday, following a slightly bullish Sunday. The layer-1 blockchain token has, since the sentiment-driven rally to $4.30 on May 12, been confined below $4.00 despite consistency in digital asset inflows, which reached $9.3 million last week.
Fxstreet
Mon, May 19
Cryptocurrencies
Bitcoin to Trigger the Largest Wealth Transfer in History – Get Free $BTC with BTC Bull Token
Mike Novogratz, the chief executive officer of Galaxy Digital, believes that Bitcoin can reach $22 trillion in market capitalization in the next two decades, and may even surpass gold’s market cap in the long run. He credits the great wealth transfer for this massive shift. As per Knight Frank’s 202...NewsBTC
Mon, May 19
Stocks
Tesla valuation problem ’to get worse before it gets better’: Morgan Stanley
Investing.com -- Tesla’s sky-high market valuation remains difficult to justify and may become even harder to defend in the near term, according to Morgan Stanley (NYSE:MS) analysts.“Nearly 15 yearsInvesting.com
Mon, May 19
Stocks
South African rand edges lower before budget and Trump meeting
JOHANNESBURG, May 19 (Reuters) - The South African rand edged lower on Monday before this week's budget speech and a planned meeting between President Cyril Ramaphosa and U.S. President Donald Trump in Washington.At 1510 GMT the rand traded at 18.0625 against the dollar ZAR=D3, down about 0.2% o...Reuters
Mon, May 19
Stocks
CORRECTED-LIVE MARKETS-Wall Street slumps on Moody's downgrade as lawmakers wrangle Trump tax bill
Major stock indexes down, Nasdaq off 0.8%All S&P sectors red, Energy down most Euro STOXX 600 down 0.3%Dollar down; bitcoin, crude dip; gold up ~0.8%US 10-Year Treasury yield jumps to ~4.52%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share y...Reuters
Mon, May 19
