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Ten inmates at New Orleans jail escape, including accused murderers
By Brad BrooksMay 16 (Reuters) - Ten inmates escaped from a jail in New Orleans, authorities said on Friday, including some charged with murder, but the city's police department was not notified until two hours after the discovery that the prisoners were missing. Orleans Parish Sheriff Susan Hut...Reuters
Fri, May 16
Other
RPS appoints Foody to executive lines practice leader
By Isha MaratheMay 16 - (The Insurer) - Risk Placement Services has appointed Tim Foody, former area senior vice president within RPS’s executive lines practice, as its executive lines practice leader.The move was effective May 1.Foody will oversee a team delivering specialized cyber, D&O, EPL ...Reuters
Fri, May 16
Other
US FDA clears first blood test for Alzheimer's detection
By Christy SanthoshMay 16 (Reuters) - The U.S. Food and Drug Administration has cleared Fujirebio Diagnostics' blood test to diagnose Alzheimer's disease, the regulator said on Friday, making the device the first of its kind to detect the brain-wasting condition.Blood tests could speed up di...Reuters
Fri, May 16
Stocks
Sonnet Biotherapeutics Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Sonnet Biotherapeutics Holdings Inc SONN.OQ reported a quarterly adjusted loss of 89 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 56 cents. The lone analyst forecast for the quarter was for a loss of 92 cents per share. Re...Reuters
Fri, May 16
Stocks
Adial Pharmaceuticals Inc reports results for the quarter ended March 31 - Earnings Summary
Adial Pharmaceuticals Inc ADIL.OQ reported a quarterly adjusted loss of 34 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -62 cents. The mean expectation of two analysts for the quarter was for a loss of 49 cents per share....Reuters
Fri, May 16
Cryptocurrencies
Bitcoin Bandits Busted: DOJ Charges 12 In $263 Million Cyber Heist
A dozen more suspects have been added to a massive crypto theft case. Based on reports, the new names join Malone Lam, who was first indicted on September 19, 2024. They now face charges tied to stealing 4,100 Bitcoin last August and laundering roughly $263 million. Related Reading: Analysis: Saylor...Bitcoinist
Fri, May 16
Cryptocurrencies
Bitcoin Panic Buying? Eric Trump Says The World Is Stockpiling BTC
Eric Trump, speaking at the Consensus 2025 conference in Toronto on May 15, painted a picture of a world scrambling for Bitcoin. He said he hears the same thing everywhere he goes—on planes, in boardrooms, even from big state funds. His comments came as he joined Hut 8 CEO Asher Genoot on a panel ab...NewsBTC
Fri, May 16
Stocks
Did Elon Musk Just Give Nvidia Investors 40 Billion Reasons to Cheer?
When it comes to training generative AI models, Nvidia's (NASDAQ: NVDA) graphics processing units (GPUs) are hailed as the gold standard among industry experts. That's not exactly a novel conclusion considering the semiconductor powerhouse has amassed an estimated 90% or more of the GPU market.The m...The Motley Fool
Fri, May 16
Other
FACTBOX-Top cases before the US Supreme Court
May 16 (Reuters) - The U.S. Supreme Court's current term includes cases involving birthright citizenship, guns, gender-affirming medical care for transgender minors, online pornography, religious rights, preventive healthcare, Planned Parenthood funding, job discrimination, federal regulatory po...Reuters
Fri, May 16
Other
US FAA to announce temporary flight cuts at Newark after airline meetings
WASHINGTON, May 16 (Reuters) - The Federal Aviation Administration said Friday it plans to announce proposed temporary cuts to flights at Newark after meetings with major U.S. airlines to address congestion impacts from runway construction, equipment and staffing issues.The FAA held three days of on...Reuters
Fri, May 16
Commodities
US issues emergency orders to address Puerto Rico grid security issues
May 16 (Reuters) - The United States has issued emergency orders to address "critical grid security issues and improve grid resiliency" in Puerto Rico, the Energy Department said in a statement on Friday. The DOE also said it would review $365 million in funding from the Puerto Rico Energy R...Reuters
Fri, May 16
Stocks
Former senior employee brings unfair dismissal case against London-based hedge fund
By Nell MackenzieLONDON, May 16 (Reuters) - A former senior employee is suing the hedge fund he worked for, claiming bullying and unfair dismissal, in a case that is being heard by a London employment tribunal. Jacopo Moretti is seeking damages from DL and Partners, its star manager Davide Leone, an...Reuters
Fri, May 16
Other
US appeals court rejects Trump bid to swiftly deport migrants to third countries
BOSTON, May 16 (Reuters) - The Trump administration lost a bid on Friday to lift a judge's order barring it from swiftly deporting migrants to countries other than their own including Libya and El Salvador without first hearing their concerns about their safety.The Boston-based 1st U.S. Circuit ...Reuters
Fri, May 16
Other
Cardio Diagnostics Holdings Inc expected to post a loss of $1.80 a share - Earnings Preview
Cardio Diagnostics Holdings Inc CDIO.OQ CDIO.O is expected to show a rise in quarterly revenue when it reports results on August 12 (estimated) for the period ending March 31 2025The Chicago Illinois-based company is expected to report a 213.9% increase in revenue to $50 thousand from $15.93 thous...Reuters
Fri, May 16
Other
Moody's Downgrades United States Ratings To AA1 From AAA, Changes Outlook To Stable
May 16 (Reuters) - Moody's: MOODY'S RATINGS DOWNGRADES UNITED STATES RATINGS TO AA1 FROM AAA; CHANGES OUTLOOK TO STABLEMOODY'S: US' LONG-TERM LOCAL- AND FOREIGN-CURRENCY COUNTRY CEILINGS REMAIN AT AAAMOODY'S ON U.S.: DO NOT BELIEVE MATERIAL MULTI-YEAR REDUCTIONS IN MANDATORY SPEN...Reuters
Fri, May 16
Commodities
US Plains HRW Wheat-Spot basis bids flat to higher as farmer selling picks up
CHICAGO, May 16 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady to higher in a spot check of facilities around the southern U.S. Plains on Friday with farmer selling increasing slightly in some locations, according to dealers. CBOT July K.C. HRW wheat KWN25 futures settled do...Reuters
Fri, May 16
Other
Fortress Biotech Inc expected to post a loss of 49 cents a share - Earnings Preview
Fortress Biotech Inc FBIO.OQ FBIO.O is expected to show a fall in quarterly revenue when it reports results on August 11 (estimated) for the period ending March 31 2025The Bay Harbor Islands Florida-based company is expected to report a 10.8% decrease in revenue to $11.621 million from $13.03 mill...Reuters
Fri, May 16
Stocks
Spectrum owner Charter to buy Cox for $21.9 billion in mega cable deal
Cox Enterprises to own 23% of combined entityDeal comes over a decade after a previous attempt was shelvedSpectrum will be the combined firm's consumer-facing brandDeal will be a major test of M&A regulation under TrumpBy Aditya Soni, Jaspreet Singh and Milana Vinn May 16 (Reuters) - Char...Reuters
Fri, May 16
Other
T Stamp Inc expected to post a loss of 35 cents a share - Earnings Preview
T Stamp Inc IDAI.OQ IDAI.O is expected to show a rise in quarterly revenue when it reports results on August 13 (estimated) for the period ending June 30 2025The Atlanta Georgia-based company is expected to report a 159.8% increase in revenue to $1.3 million from $500.4 thousand a year ago, accord...Reuters
Fri, May 16
