News
Important Only
Stocks
Biohaven falls after RBC downgrades on regulatory uncertainty
** Brokerage RBC Capital Markets downgrades Biohaven Pharmaceuticals BHVN.N to "sector perform" from "outperform", trims PT to $21 from $54** New PT still implies a 23.7% upside to the stock's last close** Shares of BHVN fall 3.8% to $15.4 premarket** Brokerage says the drugmaker...Reuters
Mon, May 19
Other
RPT-BREAKINGVIEWS-India's embrace of hot money will pay off slowly
By Shritama Bose MUMBAI, May 19 (Reuters Breakingviews) - India is shaking off a decade-old suspicion of flighty foreigners. Officials are easing rules to let them own more of its $600 billion of company debt and smoothing access to treasuries. Global economic conditions do not favour an immediat...Reuters
Mon, May 19
Stocks
The Stock Market Is Soaring: This Tech ETF Could Help You Turn $100 per Month Into Nearly $500,000 With Next to No Effort
The stock market has been on a nauseating rollercoaster of ups and downs this year, but those who have stuck it out have reaped the rewards.As of this writing, the S&P 500 (SNPINDEX: ^GSPC) has soared by nearly 20% since it bottomed out in early April. Regardless of what the next few months have in ...The Motley Fool
Mon, May 19
Other
EY negligently missed huge fraud at collapsed hospital operator, $3 bln UK trial hears
By Sam Tobin LONDON, May 19 (Reuters) - EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm's administrators described as disgraceful auditing, at the start of a roughly $3 billion London trial on Monday.The administrators of N...Reuters
Mon, May 19
Other
IES Holdings Appoints Matthew Simmes To Succeed Jeffrey Gendell As CEO
May 19 (Reuters) - IES Holdings Inc IESC.O:IES HOLDINGS, INC. APPOINTS MATTHEW SIMMES TO SUCCEED JEFFREY GENDELL AS CHIEF EXECUTIVE OFFICERIES HOLDINGS INC - GENDELL TO BECOME EXECUTIVE CHAIRMAN AND CONTINUE LEADING BOARDReuters
Mon, May 19
Other
Former US President Biden diagnosed with 'aggressive' prostate cancer
Biden, family reviewing treatment optionsBiden's health was scrutinized amid 2024 reelection bid Biden was oldest to win US presidency until TrumpBy Joseph Ax and Nandita Bose May 18 (Reuters) - Former U.S. President Joe Biden has been diagnosed with an "aggressive form" of prostate c...Reuters
Mon, May 19
Stocks
Richtech Robotics slides on $100 mln stock offering plans
** Richtech Robotics' RR.O shares down 8.9% premarket to $2.35 as co looks to raise equity ** Maker of robots for restaurants, hotels, senior living homes and other businesses late Fri filed $100 mln ATM (at-the-market) stock offering agreement with Rodman & Renshaw, BTIG and H.C. Wainwrigh...Reuters
Mon, May 19
Other
Motor racing-Imola faces the chop and Verstappen will feel the loss
By Alan Baldwin IMOLA, Italy, May 19 (Reuters) - Max Verstappen has won four times in a row at Imola but a fifth next year looks unlikely with Formula One set to drop the Italian circuit.There is no contract for 2026 and Formula One chief executive Stefano Domenicali, who was born and grew up in ...Reuters
Mon, May 19
Economic Indicator
Fed's Bostic: Leaning towards one cut this year with more concern about inflation than jobs - CNBC
AMELIA ISLAND, May 19 (Reuters) - Atlanta Fed president Raphael Bostic said on Monday the central bank may only be able to cut interest rates by a quarter point over the rest of the year given concerns about rising inflation stoked by higher import taxes.Progress in returning inflation to the Fed...Reuters
Mon, May 19
Stocks
On the Eve of COMPUTEX, NVIDIA Unveils NVLink Fusion to Unlock the Global AI Computing 'Acceleration Code’
TradingKey - On the eve of the Taipei International Computer Show (COMPUTEX 2025), American chip giant NVIDIA (NVDA) announced on Monday that it will open its proprietary chip interconnect technology, NVLink Fusion, to other chip design companies.
TradingKey
Mon, May 19
Other
Elbit Systems signs $55 million Israeli helicopter protection systems deal
TEL AVIV, May 19 (Reuters) - Israel has signed a five-year $55 million contract with Elbit Systems ESLT.TA, ESLT.O for advanced protection systems for the Air Force's Black Hawk and Apache combat helicopters, the defence ministry said on Monday.The project includes technology to ensure maximum p...Reuters
Mon, May 19
Other
Sanmina Announces Acquisition Of Data Center Infrastructure Manufacturing Business Of ZT Systems From AMD
May 19 (Reuters) - Advanced Micro Devices Inc AMD.O:SANMINA ANNOUNCES ACQUISITION OF DATA CENTER INFRASTRUCTURE MANUFACTURING BUSINESS OF ZT SYSTEMS FROM AMDADVANCED MICRO DEVICES INC - DEAL VALUED UP TO $3 BILLION INCLUDING CONTINGENT CONSIDERATIONADVANCED MICRO DEVICES INC - ZT SYSTEMS ANNUAL NET ...Reuters
Mon, May 19
Other
Altimmune Announces Initiation of RECLAIM Phase 2 Trial Evaluating the Efficacy and Safety of Pemvidutide in Alcohol Use Disorder
May 19 (Reuters) - Altimmune Inc ALT.O:ALTIMMUNE ANNOUNCES INITIATION OF RECLAIM PHASE 2 TRIAL EVALUATING THE EFFICACY AND SAFETY OF PEMVIDUTIDE IN ALCOHOL USE DISORDER (AUD)ALTIMMUNE INC - IMPACT PHASE 2B TRIAL TOPLINE DATA EXPECTED IN Q2 2025ALTIMMUNE INC - PHASE 2 TRIAL IN ALD TO INITIATE ENROLLM...Reuters
Mon, May 19
Indices
US Dollar faces selling pressure after Moody’s US downgrade
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is on the back foot on Monday and trades around 100.40 at the time of writing. The DXY is undergoing some selling pressure with the Greenback losing some support and trust in markets again.Fxstreet
Mon, May 19
Stocks
Infosys a Top 100 Global Brand for 2025. Achieves 34% Brand Value Surge, Ranks among the Top 5% of Most Trusted Brands in the U.S.
BENGALURU, India, May 19, 2025 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it has been ranked, for the fourth consecutive year, among the 100 most valuable brands in the world, according t...PR Newswire
Mon, May 19
Commodities
GRAINS-Soybean prices rebound, improved US weather limits upside
Soybeans up after falls late last week, bargain buying supportsWheat firms on worries over Chinese crop conditions; corn risesBy Michael Hogan HAMBURG, May 19 (Reuters) - Chicago soybeans, corn and wheat rose on Monday, supported by a weaker dollar which makes U.S. supplies cheaper in export mark...Reuters
Mon, May 19
Other
Sanmina to buy ZT Systems' manufacturing business from AMD in $3 billion deal
May 19 (Reuters) - Sanmina SANM.O said on Monday it has entered into an agreement to acquire the data center infrastructure manufacturing business of ZT Systems from chipmaker AMD AMD.O in a deal valued at about $3 billion.AMD had earlier acquired ZT Systems.Reuters
Mon, May 19
Other
Klarna swings to $3 mln adjusted profit in Q1
COPENHAGEN, May 19 (Reuters) - Swedish fintech Klarna, which last month paused plans for an initial public offering, reported a first-quarter adjusted profit of $3 million on Monday, lifted by growing volumes in the United States and efficiency gains from artificial intelligence.Klarna's compara...Reuters
Mon, May 19
