News
Important Only
Economic Indicator
Brazil's services activity edges up in March despite tight monetary policy
SAO PAULO, May 14 (Reuters) - Services activity in Brazil expanded less than expected in March, data from statistics agency IBGE showed on Wednesday, but it marked the second positive reading in a row despite tight monetary policy. Activity in the sector, which is the main driver of Latin Americ...Reuters
Wed, May 14
Stocks
CANADA STOCKS-TSX slips after six-day win streak as investors await trade developments
By Sanchayaita Roy May 14 (Reuters) - Canada's main stock index fell on Wednesday, after six straight sessions of gains, as investors took a breather while awaiting signals from ongoing trade developments.The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was down 0.13% at ...Reuters
Wed, May 14
Other
Hotline connecting Pentagon, DC airport controllers inoperable since 2022
WASHINGTON, May 14 (Reuters) - A hotline connecting the Pentagon and Federal Aviation Administration air traffic controllers at Reagan Washington National Airport has been inoperable since March 2022, an FAA official told a Senate committee on Wednesday.The U.S. Army said May 5 it was suspending hel...Reuters
Wed, May 14
Stocks
Burberry to cut 20% of global workforce, shares jump
Burberry plans 1,700 job cuts globallyFull-year adjusted operating profit 26 million poundsFull-year revenue 2.46 billion poundsFourth-quarter comparable sales fall slightly less than expectedBy Helen Reid LONDON, May 14 (Reuters) - Burberry BRBY.L shares surged 18% on Wednesday after the British...Reuters
Wed, May 14
Other
Rumble hires litigator David Boies in Google antitrust lawsuit ahead of trial
By Mike Scarcella May 14 (Reuters) - Video sharing platform Rumble is adding famed litigator David Boies to its trial team in a federal lawsuit accusing Alphabet’s Google of suppressing online video competition, a court filing showed.Boies will work with a group of attorneys from law firm Cadwala...Reuters
Wed, May 14
Other
TWFG reports 14.3% organic growth for Q1
Total revenue up 16.6% to $53.8 million; organic revenue up 14.3%Total written premium up 15.5% to $371.0 million in Q1Adjusted Ebitda margin expands to 22.6% from 19.5% in Q1 2024By Michael LoneyMay 14 - (The Insurer) - Texas-based insurance broker TWFG has reported organic revenue growth of 14.3% ...Reuters
Wed, May 14
Other
Putin and Trump still 'maybes' for Ukraine peace talks that Russian leader proposed
Peace talks are pencilled in for Thursday in Istanbul Russia has said it will definitely send a delegationMoscow has not said who will be in its delegationUkraine says it needs clarity Trump says he doesn't know if Putin will turn up By Dmitry Antonov and Andrew Osborn MOSCOW, May 14 (Reuter...Reuters
Wed, May 14
Economic Indicator
EXCLUSIVE-Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing
By Jessica DiNapoli NEW YORK, May 14 (Reuters) - Kraft Heinz KHC.O is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts...Reuters
Wed, May 14
Other
Boy Scouts organization lauds court's dismissal of insurer appeals to overturn sex abuse settlement
By Isha MaratheMay 14 - (The Insurer) - Scouting America, formerly Boy Scouts of America (BSA), praised a federal appeals court for rejecting calls from insurers and certain claimants to overturn its $2.46 billion sex abuse settlement on Tuesday. The appellants argued that the deal was illegal beca...Reuters
Wed, May 14
Stocks
GLOBAL MARKETS-Global shares rise, dollar softens amid tariff truce
Global stocks, Wall Street shares gainEuropean stocks soft after strong rallyFed cautious on rate cuts due to tariff uncertaintyBy Chris Prentice and Samuel Indyk NEW YORK/LONDON, May 14 (Reuters) - Global shares and Wall Street were higher on an easing in trade tensions between the world'...Reuters
Wed, May 14
Commodities
Brazil's JBS defends dual listing proposal following criticism, shares fall
Shareholders to vote on dual listing this monthAdvisory firm says plan could weaken minority shareholder rightsCFO says company needs strong controlling shareholderShares fall 6% following call with analystsBy Ana Mano SAO PAULO, May 14 (Reuters) - Brazilian meatpacker JBS SA JBSS3.SA defended th...Reuters
Wed, May 14
Other
Warner Bros Discovery revives HBO Max branding for global push
May 14 (Reuters) - Warner Bros Discovery WBD.O is hitting rewind on Max's branding, bringing back the HBO name it dropped from the streaming service two years ago.The company will rebrand its streaming platform as HBO Max this summer, betting that the iconic brand's global reputation will dr...Reuters
Wed, May 14
Forex
FOREX-Dollar falls for second straight session, Korea's won rises versus greenback
Dollar down against won after US-Korea FX talks Fed officials cite need for more dataDollar retreats for second straight sessionBy Chuck Mikolajczak NEW YORK, May 14 (Reuters) - The U.S. dollar fell on Wednesday, adding to a drop in the prior session after weaker-than-expected U.S. consumer infla...Reuters
Wed, May 14
Other
Pregnant immigrants warily eye US Supreme Court birthright citizenship case
Court on Thursday hears Trump bid to enforcement crackdownTrump directive targets babies of certain immigrantsPregnant immigrant worries her baby will be born in 'limbo'By Kristina Cooke May 14 (Reuters) - Every time Barbara, a 35-year-old asylum seeker from Cuba, goes to her prenatal app...Reuters
Wed, May 14
Other
Water Enhancement Technologies Solutions Says It Has Raised $110 Million In Equity Financing
May 14 (Reuters) - WATER ENHANCEMENT TECHNOLOGIES SOLUTIONS INC: WATER ENHANCEMENT TECHNOLOGIES SOLUTIONS INC: SAYS IT HAS RAISED $110 MILLION IN EQUITY FINANCING - SEC FILINGSource text: [ID:n0002068175-25-000001]Reuters
Wed, May 14
Stocks
LIVE MARKETS-Dollar held back on suspicions Trump wants weak US currency
Nasdaq up ~0.5%, Dow edges higher, S&P 500 ~flatComm Svcs leads S&P 500 sector gainers; Utilities weakest groupEuro STOXX 600 index off ~0.3%Dollar down, crude decline; bitcoin off >1%; gold slides ~2%US 10-Year Treasury yield ~flat at ~4.50%Welcome to the home for real-time coverage of m...Reuters
Wed, May 14
Other
Qatar's central bank governor meets Elon Musk in Doha
May 14 (Reuters) - Qatar's central bank governor, Sheikh Bandar bin Mohammed bin Saoud Al Thani, met with billionaire Elon Musk in Doha on Wednesday to discuss developments in global finance and investment, the bank said on X.The meeting was held on the sidelines of U.S. President Donald Trump&#...Reuters
Wed, May 14
Forex
GBP/USD slips modestly from weekly high as traders await UK GDP
The Pound Sterling erases some of its earlier gains on Wednesday after reaching a weekly high of 1.3359, edges down 0.03% amid a lack of catalyst, as traders brace for the release of GDP figures for the UK. At the time of writing, the GBP/USD trades at 1.3293.
Fxstreet
Wed, May 14
