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Former US ambassador to Ukraine says she resigned because of Trump's foreign policy
By Max Hunder KYIV, May 16 (Reuters) - The former U.S. ambassador to Ukraine, who resigned from the role in April, has said that she quit the post because she disagreed with President Donald Trump's foreign policy.Ambassador Bridget Brink, who served as ambassador to Ukraine from May 2022 unt...Reuters
Fri, May 16
Stocks
Quantum stocks entangle as Quantum Computing shares surge 35% on results
** Quantum Computing QUBT.O shares surging 35% to $12.50 on Fri and hit their highest since January after the company reported quarterly results including higher rev** Shares of D-Wave Quantum QBTS.N jumped 8%, while Rigetti Computing RGTI.O rose 1.2% ** Quantum Computing late Thurs reported a 44% l...Reuters
Fri, May 16
Commodities
GRAINS-Wheat stumbles on improved harvest prospects; soy steadies
Wheat ticks lower on good yield prospectsCorn down on ideal planting, growing conditionsSoy consolidates after previous session's tumbleBy Heather Schlitz CHICAGO, May 16 (Reuters) - Chicago wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, th...Reuters
Fri, May 16
Forex
TREASURIES-US yields fall on soft housing data, weak consumer sentiment
Weaker housing starts contributed to yields falling on FridayMarkets expect first rate cut in SeptemberConsumer sentiment weaker, but inflation expectations worsenedYields on track for largest weekly gains since early AprilBy Tatiana Bautzer NEW YORK, May 16 (Reuters) - Yields on U.S. Treasuries ...Reuters
Fri, May 16
Stocks
CoreWeave surges to highest since March IPO
** CoreWeave CRWV.O shares soaring 24% on Fri in latest volatile session for the AI data center operator ** The Nvidia-backed NVDA.O co has signed an additional agreement with OpenAI under which the ChatGPT maker has committed to pay CRWV up to $4 bln through April 2029, a regulator...Reuters
Fri, May 16
Commodities
North Sea Crude-WTI trades higher
LONDON, May 16 (Reuters) - U.S. WTI Midland crude traded higher on Friday, while North Sea grades were steady. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* There was a single deal on Friday....Reuters
Fri, May 16
Other
ANALYSIS-Gulf states use opulence and flattery to win Trump's heart
Gulf states flatter Trump with elaborate ceremonies and giftsTrip could serve as model for other countries looking to curry favor with presidentCritics raise concerns about conflicts of interest swaying Trump's policiesBy Gram Slattery and Matt Spetalnick ABU DHABI, May 16 (Reuters) - Escorts...Reuters
Fri, May 16
Forex
Five charts on Romania's election-driven market jitters
By Marc Jones LONDON, May 16 (Reuters) - Romania holds the deciding round of its presidential election on Sunday with hard-right eurosceptic front-runner George Simion facing off against reformist Nicusor Dan.The stakes are high for the EU and NATO member, especially given the stances of the two ...Reuters
Fri, May 16
Commodities
METALS-Demand concerns push copper prices lower
By Polina Devitt LONDON, May 16 (Reuters) - Copper prices fell for the second session on Friday as softer demand from price-sensitive consumers such as China pushed the growth-dependent metal down from its recent highs sparked by the 90-day U.S.-China trade truce.Benchmark three-month copper CMCU...Reuters
Fri, May 16
Other
Cycling-Ayuso pounces to win Giro stage seven, Roglic takes pink jersey
May 16 (Reuters) - Spain's Juan Ayuso made his move on the climb to the finish to win stage seven of the Giro d'Italia on Friday, his first Grand Tour stage success, with Primoz Roglic moving into the overall lead.The first mountain stage of the race, a 168km ride from Castel di Sangro to Ta...Reuters
Fri, May 16
Other
Ukraine tells investors it won't rush $3.2 bln GDP-linked debt restructuring
Ukraine owes over $500 million to warrantholders in JuneButsa emphasizes no rush for warrant restructuring, prioritizes right dealWarrantholder committee, led by hedge funds, opposes full restructuring Ukraine's economy rebounded sharply post-2022 invasion, affecting warrant payoutsBy Libby Geor...Reuters
Fri, May 16
Commodities
Europe Gasoline/Naphtha-Gasoline margins edge higher in busy trading
LONDON, May 16 (Reuters) - Northwest European gasoline profit margins rose slightly on Friday to $14.54 a barrel on brisk trading activity and lower regional inventories. A total of 16,500 metric tons of Eurobob E5 barges traded in the Argus window on Friday, an increase of more than twofold on the ...Reuters
Fri, May 16
Other
UAE partners with Italian startup for AI supercomputer
By Elvira Pollina MILAN, May 16 (Reuters) - United Arab Emirates tech firm G42 agreed on Friday to partner with Italian artificial intelligence startup iGenius to develop a major AI supercomputer in Italy, the companies said in a joint statement.The deal is part of a broader framework announced a...Reuters
Fri, May 16
Stocks
US STOCKS-Wall Street set for weekly gains on trade deal, weak data curbs enthusiasm
Indexes up: Dow 0.04%, S&P 500 0.17%, Nasdaq 0.12%Charter Communications rises after co to buy Cox CommunicationsU. Mitch Consumer Sentiment Index at 50.8 vs 53.4 estimateApplied Materials falls after Q2 revenue miss By Pranav Kashyap and Shashwat Chauhan May 16 (Reuters) - Wall Street's ...Reuters
Fri, May 16
Commodities
Gold retreats below $3,200 as safe-haven demand fades, down over $300 from record high
Gold (XAU/USD) continues to decline on Friday, falling toward $3,180 and marking a sharp weekly loss of over 4%, its biggest since November 2024. The precious metal has now shed over $300 from its record high of $3,500 set in April, as safe-haven demand weakens and technical selling accelerates.
Fxstreet
Fri, May 16
Other
'Big Short' investor Michael Burry doubles stake in cosmetics maker Estee Lauder
By Anuja Bharat Mistry May 16 (Reuters) - Michael Burry's Scion Asset Management has doubled its stake in Estee Lauder EL.N, at a time when the beauty giant's new CEO is steering the company through a transformation to overcome weak demand in key markets such as North America and China. T...Reuters
Fri, May 16
Stocks
Pioneer Power Solutions Inc reports results for the quarter ended March 31 - Earnings Summary
Pioneer Power Solutions Inc PPSI.OQ reported a quarterly adjusted loss of 9 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -10 cents. The mean expectation of two analysts for the quarter was for a loss of 4 cents per share....Reuters
Fri, May 16
