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Forex
USD/CAD edges up to near 1.4000 even as US Dollar underperforms
The USD/CAD pair ticks up to near the psychological level of 1.4000 during North American trading hours on Thursday. The Loonie pair trades higher despite the US Dollar (USD) trading lower following the release of the United States (US) Producer Price Index (PPI) data for April.
Fxstreet
Thu, May 15
Other
Phillips 66 trims portfolio with German and Austria retail sale amid Elliott pressure
May 15 (Reuters) - Phillips 66 PSX.N said on Thursday it will sell a 65% stake in its German and Austrian fuel retail business to a private equity-led consortium, valuing the unit at $2.8 billion, as the U.S. refiner moves to streamline its portfolio amid pressure from activist investor Elliott Inve...Reuters
Thu, May 15
Other
New England Indemnity Company startup gets A-minus PCA from AM Best
By David BullMay 15 - (The Insurer) - John Elias-led personal lines and small commercial insurance startup New England Indemnity Company (NEIC) has been assigned a preliminary credit assessment by AM Best, with a financial strength assessment of A-minus and a long-term issuer credit assessment of a-...Reuters
Thu, May 15
Stocks
Biohaven drops after FDA extends review period for genetic disease drug
** Shares of drugmaker Biohaven BHVN.N fall 15.3% to a near 2-year low of $16.58** Late on Wednesday, co said the US FDA extended the review period of the marketing application for its genetic disease drug, troriluzole, by three months** FDA's decision is now expected in fourth quarter of the ye...Reuters
Thu, May 15
Economic Indicator
US business inventories barely rise in March
WASHINGTON, May 15 (Reuters) - U.S. business inventories rose less than expected in March as robust sales growth at retailers depleted stocks there.Inventories gained 0.1% after rising 0.2% in February, the Commerce Department's Census Bureau said on Thursday. Economists polled by Reuters had fo...Reuters
Thu, May 15
Stocks
Health insurers turns red on report UnitedHealth faces Medicare fraud probe
** Shares of some health insurers fall after the Wall Street Journal reported, late on Wednesday, that the U.S. Department of Justice was investigating UnitedHealth Group UNH.N for potential Medicare fraud** UNH said it had not been notified by the DOJ about the "supposed criminal investigation ...Reuters
Thu, May 15
Stocks
Xponential Fitness CEO Mark King announces retirement; shares fall
** Shares of boutique fitness franchiser Xponential Fitness XPOF.N down as much as 21.2% at $7.75 in early trading** Co announces CEO Mark King to retire due to health reasons** Says King will continue to serve as CEO while co searches for his successor** King was appointed in his role in June last ...Reuters
Thu, May 15
Other
PAK gets Great American capacity for new cyber program
By Chris MunroMay 14 - (The Insurer) - PAK Programs has secured capacity from AM Best A-plus rated Great American Insurance Companies to offer its brewery, winery and other alcoholic beverage industry clients enhanced cybersecurity coverage.Cedar Knolls, New Jersey-based PAK said the new coverage ai...Reuters
Thu, May 15
Other
BlackRock wins 67% support for pay as CEO Fink assures on global economy
Support was an improvement on last year's 59%But well below S&P 500 average CEO Fink says financial system 'safe and sound'By Ross Kerber and Niket NishantMay 15 (Reuters) - Top asset manager BlackRock BLK.N said on Thursday that 67% of votes cast at its annual meeting were in suppo...Reuters
Thu, May 15
Commodities
Timby brings new admitted warehouse legal liability program to market
By Chris MunroMay 14 - (The Insurer) - Timby Specialty Insurance Solutions has launched a new warehouse legal liability (WHLL) coverage to market backed by admitted AM Best A- rated capacity.Targeted at public and contract warehouses that handle third-party property for a fee, the new program can pr...Reuters
Thu, May 15
Economic Indicator
REFILE-US manufacturing output falls in April on weak auto production
WASHINGTON, May 15 (Reuters) - U.S. manufacturing production fell more than expected in April amid a sharp decline in motor vehicle output, and the sector could struggle to regain its footing in the second quarter because of tariffs.Factory output dropped 0.4% last month after an upwardly revised 0....Reuters
Thu, May 15
Other
South Africa has no plan to replace US HIV funds yet, minister says
By Nellie Peyton PRETORIA, May 15 (Reuters) - South Africa's Health Minister Aaron Motsoaledi said on Thursday that the government had not secured any new funding yet for HIV after the U.S. cut aid, and denied reports that its HIV programme was badly affected. The United States' global HI...Reuters
Thu, May 15
Other
MGA K2 Oconus launches MissionGuard for US contractors abroad
By Isha MaratheMay 15 - (The Insurer) - K2 Oconus has launched MissionGuard, an insurance solution designed to support U.S. government and non-government contractors abroad, expanding beyond its core Defense Base Act insurance product.Commenting on the new product, K2 Oconus CEO Chris Leo said: ...Reuters
Thu, May 15
Other
Deals of the day-Mergers and acquisitions
May 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Canada's Enbridge said that Stonlasec8 Indigenous Alliance will buy a 12.5% stake in the pipeline operator's Westcoast system for C$715 million ($511.19 mil...Reuters
Thu, May 15
Stocks
Corning Stock Analysis: Buy, Hold, or Sell?
Corning (NYSE: GLW) is an interesting stock for investors to consider amid rising tariffs.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »*Stock prices used were the afternoon prices of May 11, 2025. The video wa...The Motley Fool
Thu, May 15
Stocks
Prediction: PepsiCo's Dividend Yield Just Peaked at 4.4% Because the Dividend King Stock Is Too Cheap to Ignore
It's been a rough go of it for PepsiCo (NASDAQ: PEP) investors lately. The stock is hovering around a five-year low and is down over 27% in the past year.Despite the downward pressure on the stock price, Pepsi has continued to raise its dividend like clockwork. Earlier this month, it boosted its qua...The Motley Fool
Thu, May 15
Stocks
Allstate rises after disclosing April catastrophe losses
** Property and casualty insurer Allstate's ALL.N shares rise ~1.2% to $202.93** ALL announces catastrophe losses for April to be $594 mln, or $469 mln after-tax** Company says catastrophe losses for April include 11 events, with roughly 60% of the losses related to two geographically widespread...Reuters
Thu, May 15
Stocks
Cathie Wood Is Selling Palantir Stock. Should You?
During 2023 and 2024, investing in the technology sector seemed like a no-brainer. Euphoric narratives surrounding the artificial intelligence (AI) megatrend had investors plowing into different end markets across the technology spectrum, and minting a lot of profits in the process.But 2025 has been...The Motley Fool
Thu, May 15
