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Capital One to pay $425 million to settle litigation over savings accounts
By Jonathan Stempel May 16 (Reuters) - Capital One COF.N agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to higher-yielding accounts.A notice describing ...Reuters
Fri, May 16
Commodities
Strike at New Jersey rail system idles New York-bound commuters
NJ Transit rail engineers strike after contract talks failFirst mass transit strike to hit New Jersey since 1983 Negotiations deadlock over union demands for higher wages By Karen Freifeld and Rich McKayNEW YORK, May 16 (Reuters) - New Jersey commuter rail engineers walked off the job on Friday afte...Reuters
Fri, May 16
Cryptocurrencies
Bitcoin Repeats April Playbook – Watch This Range for Confirmation
Bitcoin is trading just 5% below its all-time high around $109,300, consolidating after a powerful multi-week rally that has captured market attention. Bulls remain firmly in control, with price action showing strong resilience above the $100K psychological level. Related Reading: Bitcoin STH MVRV T...Bitcoinist
Fri, May 16
Stocks
Guardant Health: A Promising Player in the Liquid Biopsy Market
Explore the exciting world of Guardant Health (NASDAQ: GH) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!*Stock prices used were the prices of April 9, 2025. The video was...The Motley Fool
Fri, May 16
Other
In Mexico, first outrage, then victim blaming over murdered TikTok influencer
By Cassandra Garrison and Emily Green MEXICO CITY, May 16 (Reuters) - No sooner had 23-year-old beauty influencer Valeria Marquez been murdered on a TikTok livestream than the Mexican rumor mill started. Comments poured in on social media blaming her for her own death: She was involved in shady b...Reuters
Fri, May 16
Other
White House dismisses Moody's downgrade on US credit rating
WASHINGTON, May 16 (Reuters) - The White House adopted an aggressive tone toward Moody's after the ratings agency downgraded the U.S. credit rating on Friday.White House communications director Steven Cheung reacted to the downgrade via a social media post, singling out Moody's economist, Ma...Reuters
Fri, May 16
Commodities
US order allows Puerto Rico to shore up ailing power grid with fuel oil plants
May 16 (Reuters) - U.S. Energy Secretary Chris Wright issued an emergency order on Friday that will allow Puerto Rico's state-owned utility to plug chronic electricity shortfalls on the island with electricity from oil-burning power plants without running afoul of environmental laws.WHY IT MATTE...Reuters
Fri, May 16
Stocks
FCC approves Verizon deal to acquire Frontier after DEI changes
FCC approves deal after Verizon ends DEI programsAgency says deal will boost broadband accessVerizon expects to complete deal in early 2026By David Shepardson WASHINGTON, May 16 (Reuters) - The Federal Communications Commission said Friday it was approving Verizon Communications's VZ.N $20 bi...Reuters
Fri, May 16
Other
CXApp Inc expected to post a loss of 24 cents a share - Earnings Preview
CXApp Inc CXAI.OQ CXAI.O is expected to show a fall in quarterly revenue when it reports results on May 20 for the period ending March 31 2025The Palo Alto California-based company is expected to report a 6.5% decrease in revenue to $1.7 million from $1.82 million a year ago, according to the esti...Reuters
Fri, May 16
Cryptocurrencies
XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing
The XRP price is once again in the spotlight as a new technical analysis indicates that the cryptocurrency may be on the verge of a significant price explosion to $5.9 and beyond. According to the analyst behind this forecast, XRP’s recent price behavior is not a sign of weakness but rather a period...NewsBTC
Fri, May 16
Other
UN aid chief: 'Let's not waste time' with US-backed Gaza aid plan
UNITED NATIONS, May 16 (Reuters) - United Nations aid chief Tom Fletcher on Friday said time should not be wasted on an alternative U.S.-backed proposal to deliver aid to Gaza, saying the U.N. has a proven plan and 160,000 pallets of relief ready to enter the Palestinian enclave now."To those pr...Reuters
Fri, May 16
Commodities
CIF/FOB Gulf Grain-Corn barge bids mixed, soy bids steady-firmer
CHICAGO, May 16 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals were narrowly mixed on Friday, underpinned by steady demand from exporters and a slow pace of farmer selling into Midwest grain terminals, while soybean barge bids were steady to slightly firmer, traders ...Reuters
Fri, May 16
Stocks
Why Alphabet Stock Ticked Higher Today
On the back of encouraging pronouncements about its ever-deepening involvement with artificial intelligence (AI), Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) two listed stocks both gained ground on Friday. The pair each rose in excess of 1% following CEO Sundar Pichai's remarks on where the company sta...The Motley Fool
Fri, May 16
Stocks
GlycoMimetics Inc reports results for the quarter ended March 31 - Earnings Summary
GlycoMimetics Inc GLYC.OQ reported a quarterly adjusted loss of 4 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -17 cents. The lone analyst forecast for the quarter was for a loss of 5 cents per share. Reported revenue was...Reuters
Fri, May 16
Stocks
Why Iovance Biotherapeutics Tumbled by Nearly 6% Today
Iovance Biotherapeutics (NASDAQ: IOVA) didn't quite end the stock trading week on a high note. The company's shares were dinged by almost 6% that day, due largely to an analyst's recommendation downgrade. This occurred on a generally positive day for equities, as the S&P 500 index managed to land in...The Motley Fool
Fri, May 16
Other
US Supreme Court maintains block on Trump deportations under wartime law
Trump laments "bad and dangerous day for America"He has invoked 1798 law to justify deportations Conservative Justices Alito and Thomas dissentBy Andrew Chung May 16 (Reuters) - The U.S. Supreme Court on Friday kept in place its block on President Donald Trump's deportations of Venezu...Reuters
Fri, May 16
Other
Nissan plans to shut Japan's Oppama, Shonan plants under restructuring, Yomiuri says
TOKYO, May 17 (Reuters) - Nissan 7201.T is preparing plans to close two car assembly plants in Japan, namely its Oppama plant and its subsidiary Nissan Shatai's Shonan plant, as the Japanese automaker restructures, the Yomiuri newspaper reported on Saturday.Overseas, Nissan is considering a plan...Reuters
Fri, May 16
Other
Court rejects Trump bid to swiftly deport migrants to countries not their own
1st Circuit declines to stay ruling barring rapid deportations to third countriesTrial judge has said deportations to Libya would violate his orderCourt order required due process before such deportationsBy Nate Raymond BOSTON, May 16 (Reuters) - The Trump administration lost a bid on Friday to l...Reuters
Fri, May 16
Other
Soccer-Chelsea beat Manchester United to stay on course for Champions League
By Clare LovellLONDON, May 16 (Reuters) - Chelsea stayed in the hunt for a Champions League place next season with a nervy 1-0 victory over Manchester United on Friday, courtesy of a second-half goal from Marc Cucurella.The Spain full back headed home from close range, turning in a cross from capta...Reuters
Fri, May 16
