News
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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
Stocks
Beam Global reports results for the quarter ended March 31 - Earnings Summary
Beam Global BEEM.OQ reported a quarterly adjusted loss of 32 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -21 cents. The mean expectation of five analysts for the quarter was for a loss of 23 cents per share. Wall Street e...Reuters
Fri, May 16
Other
France's Macron: Gaza situation is 'intolerable', hopes to discuss it with Netanyahu and Trump
TIRANA, May 16 (Reuters) - French President Emmanuel Macron reaffirmed on Friday that he felt the humanitarian crisis in Gaza was unacceptable, and added he hoped to discuss the matter soon with Israel Prime Minister Benjamin Netanyahu and U.S. President Donald Trump.Reuters
Fri, May 16
Other
BREAKINGVIEWS-JPMorgan nears its $1 trln conundrum
By Stephen Gandel NEW YORK, May 16 (Reuters Breakingviews) - JPMorgan JPM.N boss Jamie Dimon has plenty to boast about when he goes before investors at an annual gathering on Monday. The nation’s largest bank last year became the first to eclipse $50 billion in annual profit, allowing Dimon the l...Reuters
Fri, May 16
Other
FACTBOX-Weight-loss drug developers line up to tap lucrative market as competition heats up
May 16 (Reuters) - Novo Nordisk NOVOb.CO and Eli Lilly LLY.N, the leaders in the highly lucrative weight-loss drugs market, are competing against each other and several other drugmakers for next-generation treatments for obesity. Eli Lilly's Zepbound has gained market share over Novo's Wegov...Reuters
Fri, May 16
Stocks
Why Quantum Computing Stock Is Skyrocketing Today
Shares of Quantum Computing (NASDAQ: QUBT) are soaring on Friday. The company's stock jumped 34.5% as of 1:32 p.m. ET. The rise comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 0.2%.The quantum computing company reported its Q1 earnings, posting...The Motley Fool
Fri, May 16
Stocks
LIVE MARKETS-Investors ready for more US retail results next week
Main US indexes higher; Dow up ~0.6%Healthcare leads S&P 500 sector gainers; Energy lagsDollar rallies; bitcoin, crude up; gold down >1.5%U.S. 10-Year Treasury yield edges down to ~4.44%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share yo...Reuters
Fri, May 16
Other
Denmark says Trump's drug pricing order is a step in the wrong direction
COPENHAGEN, May 16 (Reuters) - Denmark's business minister said on Friday that U.S. President Donald Trump's executive order which directs drugmakers to lower drug prices would create uncertainty and challenges for Danish pharmaceutical companies.The wide-reaching order gives drugmakers pric...Reuters
Fri, May 16
Stocks
U.S. STOCKS ON THE MOVE-Netflix, Acadia Pharma, CoreWeave
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were on track for weekly gains on Friday, buoyed by a U.S.-China tariff truce, though soft consumer sentiment data on the day kept risk-taking in check..N ...Reuters
Fri, May 16
Other
Delaware District Court Rules In Favor Of Acadia In Nuplazid Formulation Patent Litigation
May 16 (Reuters) - ACADIA Pharmaceuticals Inc ACAD.O:DELAWARE DISTRICT COURT RULES IN FAVOR OF ACADIA IN NUPLAZID® (PIMAVANSERIN) FORMULATION PATENT LITIGATIONACADIA PHARMACEUTICALS INC - COURT UPHOLDS ACADIA'S '721 FORMULATION PATENT FOR NUPLAZIDReuters
Fri, May 16
