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Commodities
Venezuela's state oil firm exporting crude grade previously shipped by Chevron, data shows
A 920,000-barrel cargo of Boscan crude set sail this month bound for MalaysiaCargo cancellation has led to stock accumulation in recent weeksPrevious restriction of US licenses led to billions of dollars in debt to PDVSA's partners May 16 (Reuters) - Venezuela's state-owned PDVSA has beg...Reuters
Fri, May 16
Other
Justin Bieber not a victim of Sean 'Diddy' Combs, his rep tells media
By Lisa Richwine LOS ANGELES, May 16 (Reuters) - Singer Justin Bieber was not a victim of Sean "Diddy" Combs but supports others who were and are seeking justice from the hip-hop mogul facing federal sex trafficking charges, TMZ and People reported on Friday, quoting Bieber's represen...Reuters
Fri, May 16
Other
US to start European troop withdrawal discussions later this year, US NATO ambassador says
By Andrius Sytas TALLINN, May 16 (Reuters) - The United States will begin discussions with European allies to reduce U.S. troops in Europe later this year, U.S. ambassador to NATO Matthew Whitaker said on Friday.Asked to comment on a report that the Trump administration is considering withdrawing...Reuters
Fri, May 16
Other
Texas reports lowest increase in measles cases since February outbreak
May 16 (Reuters) - The Texas health department said measles cases in the state increased by one over the last three days, the lowest addition since the outbreak began in February, taking the total to 718 as of Friday.The latest case was reported in Gaines County, the epicenter of the outbreak, which...Reuters
Fri, May 16
Commodities
US Cash Grains-Spot basis for corn, soybeans flat to higher
CHICAGO, May 16 (Reuters) - Spot basis bids for corn and soybeans were mostly steady to higher at U.S. Midwest processors and elevators on Friday as some locations provided selling incentives to farmers busy with planting, according to dealers. The corn basis improved by 5 cents in Linden, Indiana. ...Reuters
Fri, May 16
Other
Trump says Iran needs to move quickly on nuclear proposal
May 16 (Reuters) - President Donald Trump on Friday said Iran had a U.S. proposal about its nuclear program and knows it needs to move quickly to resolve a decades-long dispute, but Tehran denied receiving one yet. Iranian Foreign Minister Abbas Araqchi in a post on X said Tehran ha...Reuters
Fri, May 16
Stocks
British stocks rise on trade optimism
FTSE 100 and FTSE 250 up 0.6% eachUpcoming UK-EU summit aims to improve post-Brexit ties Workspace Group shares drop after profit warningSt James's gains after JP Morgan upgrade May 16 (Reuters) - British equities closed higher on Friday, as the recent de-escalation of the global tariff war s...Reuters
Fri, May 16
Stocks
Why UnitedHealth Stock Is Crashing This Week
Shares of UnitedHealth Group (NYSE: UNH) are plummeting this week. The company's stock is down 27.4% as of 12:29 p.m. ET. The collapse comes as the S&P 500 (SNPINDEX: ^GSPC) gained 4.7% and the Nasdaq-100 gained 6.4%.It was reported this week that the troubled health insurance giant is facing a crim...The Motley Fool
Fri, May 16
Stocks
Why Doximity Stock Is Plummeting Today
Shares of the leading digital platform for U.S. medical professionals, Doximity (NYSE: DOCS), were down 14% as of noon ET Friday, according to data provided by S&P Global Market Intelligence.Doximity wrapped up its fiscal 2025 on Friday, delivering revenue and free cash flow (FCF) growth of 20% and ...The Motley Fool
Fri, May 16
Other
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
