News
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Microsoft Proposes Commitments To Resolve European Competition Concerns About Teams
May 16 (Reuters) - Microsoft Corp MSFT.O:MICROSOFT PROPOSES COMMITMENTS TO RESOLVE EUROPEAN COMPETITION CONCERNS ABOUT TEAMSMICROSOFT - WILL CONTINUE MAKING ALL VERSIONS OF FRONTLINE SUITES WITHOUT TEAMS AVAILABLE GLOBALLYReuters
Fri, May 16
Other
No top-line targets for Swiss Re with focus on margins
CEO Berger stresses focus on high-quality portfolio over revenue growth Swiss Re aims to protect market-leading positions in key areasBerger highlights available capacity for targeted growth in specific marketsBy Michael JonesMay 16 - (The Insurer) – Swiss Re CEO Andreas Berger said the reinsurer ha...Reuters
Fri, May 16
Stocks
Cabaletta Bio Inc reports results for the quarter ended March 31 - Earnings Summary
Cabaletta Bio Inc CABA.OQ reported a quarterly adjusted loss of 71 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -51 cents. The mean expectation of eight analysts for the quarter was for a loss of 64 cents per share. Wall S...Reuters
Fri, May 16
Other
Mexican indicted in US in first after cartel designated as terrorist group
MEXICO CITY, May 16 (Reuters) - A 39-year-old woman is the first Mexican national to be indicted in the United States on charges of providing material support to a cartel designated as a foreign terrorist organization, the U.S. Department of Justice said on Friday, citing Texas court documents.Accor...Reuters
Fri, May 16
Other
BREAKINGVIEWS-Charter deal runs valuable $35 bln extension cord
By Jennifer Saba NEW YORK, May 16 (Reuters Breakingviews) - Charter Communications CHTR.O is building a different sort of bundle. The U.S. cable operator agreed to acquire smaller rival Cox Communications in a $35 billion deal, including net debt. Hefty cost savings would come in handy as the in...Reuters
Fri, May 16
Other
TIMELINE-From insulin to Ozempic, history of Novo Nordisk's CEOs
May 16 (Reuters) - Ozempic-maker Novo Nordisk NOVOb.CO on Friday ousted its CEO Lars Fruergaard Jorgensen over concerns the company is losing its first-mover advantage in the competitive obesity drug market to American rival Eli Lilly LLY.N.The company has had five CEOs in its more than 100 years of...Reuters
Fri, May 16
Commodities
Gold price plummets over 4% this week as risk sentiment improves
Gold prices fell by more than 1.50% on Friday and are set to end the week with losses of over 4% as an improvement in market mood prompted investors to sell the precious metal in favor of riskier assets. At the time of writing, the XAU/USD trades at $3,187 after hitting a daily high of $3,252.
Fxstreet
Fri, May 16
Other
U.S. RESEARCH ROUNDUP-Carnival, Caterpillar, Netflix
May 16 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Carnival, Caterpillar and Netflix, on Friday. HIGHLIGHTS* Carnival Corp CCL.N: HSBC raises to hold from reduce* Caterpillar Inc CAT.N: UBS raises to neutral from sel...Reuters
Fri, May 16
Other
Trump turns to US Supreme Court to pursue mass federal layoffs
Judge blocked federal "reductions in force" for 14 daysTrump administration again seeks Supreme Court reliefBy John Kruzel, Andrew ChungWASHINGTON, May 16 (Reuters) - President Donald Trump's administration on Friday asked the U.S. Supreme Court to lift a federal judge's order to hal...Reuters
Fri, May 16
Indices
US Dollar ticks higher after weak consumer sentiment offsets broader data disappointment
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading slightly higher at around 101.00 on Friday after a softer-than-expected University of Michigan Consumer Sentiment survey added to a week of mixed US economic data.Fxstreet
Fri, May 16
Other
RTX's Raytheon Awarded $580 Mln Production Contract For Next Generation Jammer Mid-Band
May 16 (Reuters) - Rtx Corp RTX.N:RTX'S RAYTHEON AWARDED $580 MILLION PRODUCTION CONTRACT FOR NEXT GENERATION JAMMER MID-BANDRTX CORP - WORK UNDER CONTRACT TO BE COMPLETED IN MULTIPLE U.S. LOCATIONS THROUGH 2028RTX CORP - CONTRACT INCLUDES NGJ-MB PODS FOR ROYAL AUSTRALIAN AIR FORCEReuters
Fri, May 16
Other
Allstate, State Farm defend claims adjusting practices in Senate hearing
By Isha MaratheMay 16 - (The Insurer) - Two independent claims adjusters at Allstate and a whistleblower at State Farm testified before a disaster management subcommittee that they were ordered to delete or reduce damage estimates for Hurricane Helene and faced retaliation after resisting. Tuesday&...Reuters
Fri, May 16
Commodities
PRECIOUS-Cooling trade tensions set gold on track for worst week since November
Gold down more than 4% this weekSilver, platinum, palladium also head for weekly fall Wall Street's main indexes on track for weekly gainsBy Sarah Qureshi May 16 (Reuters) - Gold prices dropped more than 2% on Friday and were set for their worst week since November, as increased risk appetit...Reuters
Fri, May 16
Cryptocurrencies
Bitcoin Long-Term Holders Add 339K BTC Since April 4 – Steady Accumulation Signals Conviction
Bitcoin is trading above the key psychological level of $100,000, but the bullish momentum that drove prices higher in recent weeks has cooled as BTC fails to reclaim resistance near $105,000. After a sharp rally that saw Bitcoin surge more than 40% from its April 9th low, price action is now consol...Bitcoinist
Fri, May 16
Cryptocurrencies
Settlement Denied: XRP Drops After Ripple Hits Legal Roadblock
Ripple’s bid to wrap up its long‑running fight with the US Securities and Exchange Commission hit a snag on May 15. A federal judge in New York tossed out the deal because it was filed the wrong way. This hiccup doesn’t change past rulings, but it does force both sides back to the drawing board. Rel...NewsBTC
Fri, May 16
Other
Exclusive: Allied World the latest carrier to mandate five in-office days for employees
By Isha MaratheMay 16 - (The Insurer) - Allied World has become the latest carrier to mandate its employees go back to a five-day in-office work week, with the action taking effect from September 29, based on an internal memo the company sent to its U.S. and Canada employees.Sources with knowledge ...Reuters
Fri, May 16
