News
Important Only
Commodities
WTI declines below $61.50 amid hopes of US-Iran nuclear deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.
Fxstreet
Fri, May 16
Other
Golf-Vegas grabs two-shot lead at Quail Hollow, McIlroy struggles
McIlroy delivers erratic display off the teeSpieth struggles in latest shot at career Grand SlamDefending champion Schauffele eight shots back of leaderBy Frank PingueCHARLOTTE, North Carolina, May 15 (Reuters) - Venezuela's Jhonattan Vegas used a late birdie blitz to grab his first career lead...Reuters
Fri, May 16
Commodities
PRECIOUS-Gold set for worst week in six months as trade calm dents safe-haven appeal
May 16 (Reuters) - Gold prices eased on Friday and were on track for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset.
Reuters
Fri, May 16
Economic Indicator
It's raining data: Retail sales, PPI, et al
Main US indexes decline; Nasdaq off most, down ~0.7%Cons disc down most among S&P sectors; Utilities lead gainersEuro STOXX 600 index up ~0.2%Dollar slips; bitcoin off ~2%; crude down >2.5%; gold risesUS 10-Year Treasury yield falls to ~4.48%Welcome to the home for real-time coverage of marke...Reuters
Fri, May 16
Other
US officials looking into former FBI chief Comey's '8647' post about Trump
By Daniel TrottaMay 15 (Reuters) - U.S. law enforcement officials said on Thursday they were looking into a social media post by former FBI Director James Comey depicting an image of "8647," which some Trump supporters interpreted as a threat against President Donald Trump.Comey, who was fir...Reuters
Fri, May 16
Other
Singer Chris Brown charged over alleged assault at London club
LONDON, May 15 (Reuters) - U.S. singer Chris Brown has been arrested and charged with inflicting grievous bodily harm in connection with an alleged assault in February 2023, British authorities said on Thursday.Brown is slated to be presented before a magistrates' court on Friday, London's M...Reuters
Fri, May 16
Stocks
Meta delays release of its 'Behemoth' AI model, WSJ reports
May 15 (Reuters) - Meta Platforms META.O is delaying the release of its flagship "Behemoth" AI model due to concerns about its capabilities, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Company engineers are struggling to significantly improve the capa...Reuters
Fri, May 16
Other
Rite Aid to sell 1,000 pharmacy assets to CVS, Walgreens and others
By Sabrina Valle May 15 (Reuters) - Bankrupt U.S. pharmacy chain Rite Aid on Thursday said it agreed to sell pharmacy assets from more than 1,000 store locations in separate transactions to CVS Pharmacy, Walgreens, Albertsons, Kroger and Giant Eagle, among others. CVS Pharmacy will buy an...Reuters
Fri, May 16
Cryptocurrencies
Tornado Cash co-founder to face trial as DOJ proceeds with case
The Department of Justice (DOJ) filed on Thursday that it will drop parts of its counts against Tornado Cash co-founder Roman Storm but will proceed with charges of money laundering and sanctions violations.Fxstreet
Fri, May 16
Other
US officials looking into former FBI chief Comey's '8647' post about Trump
By Daniel TrottaMay 15 (Reuters) - U.S. law enforcement officials said on Thursday they were looking into a social media post by former FBI Director James Comey depicting an image of "8647," which some Trump supporters interpreted as a threat against President Donald Trump.Comey, who was fir...Reuters
Fri, May 16
Commodities
Oil prices heading for 1% weekly gain on U.S.-China trade detente
By Colleen Howe BEIJING, May 16 (Reuters) - Oil prices edged up on Friday following a sharp drop in the previous session, heading for a weekly gain of more than 1% as U.S.-China trade optimism outweighed the prospects of Iranian supply returning to the market.Brent crude LCOc1 futures rose 17 cen...Reuters
Fri, May 16
Stocks
Berkshire doubles Constellation stake, sells Citigroup and other financial stocks
May 15 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N said on Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands STZ.N, while shedding investments in Citigroup C.N and other financial services companies.
Reuters
Fri, May 16
Other
Harvard settles Jewish student's lawsuit over alleged antisemitism
By Jonathan Stempel May 15 (Reuters) - Harvard University has settled a high-profile lawsuit by an Orthodox Jewish student who accused the Ivy League school of ignoring antisemitism on campus.Alexander Kestenbaum, who is known as Shabbos, and Harvard jointly agreed to end the case, according to a...Reuters
Fri, May 16
Forex
FOREX-Dollar tracks Treasury yields lower on benign US data
Dollar eases but on track for slight weekly gainSouth Korean won still choppy after sharp rises this weekJapan's economy shrinks as U.S. tariff hit loomsBy Rae Wee SINGAPORE, May 16 (Reuters) - The dollar fell in tandem with U.S. Treasury yields on Friday after downside surprises on U.S. econ...Reuters
Fri, May 16
Other
Trump agenda hits speed bump in US Congress as hardliners revolt
House Budget Committee vote may be delayed due to opposition from hardlinersChairman confident of support Trump's tax bill extends cuts from first term, costing $3.72 trillion over a decadeRepublicans need unity to pass bill amid Democratic opposition to social program cutsBy David Morgan WAS...Reuters
Fri, May 16
Other
Microsoft Says Found No Evidence To Date That Azure And AI Technologies Have Been Used To Target People In Gaza
May 15 (Reuters) - Microsoft Corp MSFT.O:MICROSOFT - FOUND NO EVIDENCE TO DATE THAT AZURE AND AI TECHNOLOGIES HAVE BEEN USED TO TARGET OR HARM PEOPLE IN THE CONFLICT IN GAZASource text: https://tinyurl.com/2ksfecfzReuters
Fri, May 16
Forex
Japan finance minister to continue dialogue with Bessent based on forex consensus
TOKYO, May 16 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Friday that he would seek to discuss foreign exchange issues with U.S. Treasury Secretary Scott Bessent based on the understanding that excessive currency volatility is undesirable."We reaffirmed at our meeting on April 2...Reuters
Fri, May 16
Economic Indicator
US Treasury yields drop as signs of economic deceleration mount
NEW YORK, May 15 (Reuters) - U.S. Treasury yields fell sharply on Thursday after data showed deceleration in the world's largest economy in April, including drops in producer prices, manufacturing output, and a slowdown in retail sales.Reuters
Fri, May 16
Commodities
RPT-EXCLUSIVE-Shein to set up huge Vietnam warehouse in US tariff hedge, sources say
Fast-fashion giant to have first warehouse in VietnamIt is leasing facility near Ho Chi Minh City, sought more, sources sayChina's low-value shipments face US duties, Vietnam's remain duty-free for nowBy Francesco Guarascio and Casey Hall HANOI/SHANGHAI, May 15 (Reuters) - Fast-fashion on...Reuters
Fri, May 16
Stocks
RPT-COLUMN-US inflation progress stokes real yield problem: McGeever
By Jamie McGeeverORLANDO, Florida, May 15 (Reuters) - Few would find fault with the steady, gradual decline in U.S. inflation, but it has recently come with an unwelcome side effect: rising 'real' borrowing costs.With the Federal Reserve's official policy rate on hold and the benchmark 1...Reuters
Fri, May 16
