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Diageo plans cost cuts, asset sales to reduce debt
Expects to make substantial asset sales, will hold onto GuinnessDiageo aims for $3 billion free cash flow by 2026Faces $150 million annualised tariff impact Q3 sales growth aided by pre-tariff shipment boostBy Shashwat Awasthi and Emma Rumney May 19 (Reuters) - Diageo unveiled a plan on Monday to...Reuters
Mon, May 19
Stocks
MORNING BID AMERICAS-U.S. credit grating
By Mike Dolan LONDON, May 19 (Reuters) - What matters in U.S. and global markets todayBy Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets U.S. Treasury Secretary Scott Bessent responded "who cares?" to news that the U.S. had lost its last top-notch credit rating. ...Reuters
Mon, May 19
Economic Indicator
China: April activity overshadowed by tariff war – Standard Chartered
Activity data points to softening momentum from Q1, but industrial production has held up. Frontloaded exports and macro policy implementation to continue to support growth in Q2. Property market remains the key drag for the domestic economy.Fxstreet
Mon, May 19
Other
Charter Communications To Pay Cox Enterprises Termination Fee Of $875 Mln, If Deal Is Terminated Under Certain Circumstances
May 19 (Reuters) - Charter Communications Inc CHTR.O:CHARTER COMMUNICATIONS: UNDER CERTAIN CIRCUMSTANCES, IF DEAL IS TERMINATED CO TO PAY COX ENTERPRISES TERMINATION FEE OF $875 MILLIONReuters
Mon, May 19
Other
VIG targets CEE growth with bid for Moldova’s Moldasig
By Ryan HewlettMay 19 - (The Insurer) - Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of the shares of Moldovan insurer Moldasig in a bid to further bolster its footprint in central and eastern Europe.Chișinău-based Moldasig is one of Moldova’s leading non-life insurance companies ...Reuters
Mon, May 19
Stocks
TXNM Energy gains on Blackstone's $11.5 bln takeover deal
** Utility firm TXNM Energy's TXNM.N shares rise 9.2% to $57.75 premarket** Company says it would be acquired by Blackstone's BX.N infrastructure unit in an $11.5 bln deal, including debt** TXNM shareholders will receive $61.26/share, a premium of around 15% to stock's last closing price...Reuters
Mon, May 19
Forex
USD/JPY tumbles below 145.00 as Moody’s downgrade weighs on the US Dollar
The Japanese Yen (JPY) extends its winning streak against the US Dollar (USD) into a fifth consecutive day on Monday, with USD/JPY falling below the 145.00 psychological mark to trade near 144.70 during the European session, driven by broad-based USD weakness and fresh hawkish signals from the Bank
Fxstreet
Mon, May 19
Other
Soccer-Tottenham seek redemption in what could be Postecoglou's last dance
By Martyn HermanLONDON, May 19 (Reuters) - Tottenham Hotspur have endured their worst domestic season for nearly 50 years, yet on Wednesday in Bilbao's San Mames Stadium all that will be forgiven if they can overcome Manchester United and win the Europa League.Ange Postecoglou's side were to...Reuters
Mon, May 19
Other
German antitrust head sees divergence in rhetoric with US peers, not in substance
By Foo Yun Chee BERLIN, May 19 (Reuters) - Germany's antitrust head Andreas Mundt on Monday addressed mounting concerns about the deviation in approaches between European regulators and their U.S. peers, saying the divergence is more in terms of rhetoric than substance.Such worries have been ...Reuters
Mon, May 19
Stocks
Novavax shares jump after long-awaited FDA approval of its COVID-19 vaccine
May 19 (Reuters) - Novavax NVAX.O shares surged more than 17% before the bell on Monday, following the long-delayed approval of its COVID-19 vaccine from the U.S. health regulator, albeit with new conditions.The U.S. Food and Drug Administration approved the vaccine, Nuvaxovid, but limited its use t...Reuters
Mon, May 19
Other
UPDATE-2-Spain blocks more than 65,000 Airbnb holiday rental listings
Spain targets Airbnb listings lacking licence numbers or owner detailsConsumer Minister Bustinduy aims to curb holiday rental illegalityAirbnb disputes ministry's authority over short-term rental rulingsBy Inti Landauro MADRID, May 19 (Reuters) - Spain has ordered Airbnb ABNB.O to withdraw mo...Reuters
Mon, May 19
Indices
USD: Moodys follows eventually with downgrade – MUFG
The US Dollar (USD) is softer and longer-term yields are higher with the S&P future down 1.0% suggesting the potential for a day of triple selling of US assets that is being driven by the decision of Moodys to downgrade the sovereign rating of the US from the top Aaa rating to Aa1.Fxstreet
Mon, May 19
Stocks
Warren Buffett Owns Domino's Stock. Should You Do the Same?
Yes, the Oracle of Omaha is stepping down. But I want to look at one of his investments from late last year. Domino's (NASDAQ: DPZ), owned by Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), is the biggest pizza chain in the world, and makes for a compelling investment.Where to invest $1,000 right no...The Motley Fool
Mon, May 19
Other
Cool Company Ltd expected to post earnings of 37 cents a share - Earnings Preview
Cool Company Ltd CLCO.OL is expected to show a fall in quarterly revenue when it reports results on May 21 for the period ending March 31 2025The Hamilton Bermuda-based company is expected to report a 1.4% decrease in revenue to $86.9 million from $88.13 million a year ago, according to the esti...Reuters
Mon, May 19
Economic Indicator
FXS Fed Sentiment Index stays in hawkish territory as markets await fresh comments
The Federal Reserve (Fed) left the interest rate unchanged at 4.25%–4.50% following the May policy meeting, as widely anticipated. In the policy statement, the Fed noted that the economic outlook uncertainty has increased further.Fxstreet
Mon, May 19
Other
Progressive Corp expected to post earnings of $3.50 a share - Earnings Preview
Progressive Corp PGR.N, PGR is expected to show a rise in quarterly revenue when it reports results on May 21 for the period ending June 30 2025The Village Of Mayfield Ohio-based company is expected to report a 18.5% increase in revenue to $21.206 billion from $17.9 billion a year ago, according t...Reuters
Mon, May 19
Forex
AUD/USD Price Forecast: Jumps to near 0.6450 on US downgrade
The AUD/USD pair gains sharply to near 0.6450 during European trading hours on Monday. The Aussie pair strengthens as the US Dollar (USD) underperforms after Moody’s downgraded the United States (US) Sovereign credit rating to Aa1 from Aaa in the wake of mounting debt levels.
Fxstreet
Mon, May 19
Forex
Sterling rises against weaker dollar as UK-EU agree trade reset
By Lucy Raitano (Reuters) May 19 - The pound rose against a weaker dollar and fell against the euro on Monday after Britain agreed a major trade and defence reset with the European Union, though FX market attention stayed on U.S. developments. Britain agreed the most significant reset of ties wit...Reuters
Mon, May 19
Stocks
Undervalued and Overlooked: 3 AI Stocks With Long-Term Upside
In recent years, stocks in the artificial intelligence (AI) field have become known for achieving sky-high valuations. Nvidia shot higher amid surprisingly strong demand for AI accelerators, and recently, Palantir's valuation has reached nosebleed levels as its software delivers notable productivity...The Motley Fool
Mon, May 19
