News
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Cryptocurrencies
Next Crypto to Explode as VanEck Launches US Treasury Fund Tokens on Ethereum and Solana
Proving there’s never a dull moment in the crypto market, yet another US asset manager – VanEck – is embracing the digital-assets era by launching a tokenized US Treasury fund. That’s good news for the traditional and crypto finance worlds, as well as the next crypto to explode. The VanEck Treasury ...Bitcoinist
Wed, May 14
Stocks
Boralex Inc reports results for the quarter ended March 31 - Earnings Summary
Boralex Inc BLX.TO reported quarterly adjusted earnings of 29 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of five analysts for the quarter was for earnings of 49 cents per share. Wall Street...Reuters
Wed, May 14
Commodities
US cattle producers have started rebuilding herds, or will soon, Tyson Foods CEO says
CHICAGO, May 14 (Reuters) - U.S. cattle producers have started rebuilding the nation's herd or are close to doing so, Tyson Foods TSN.N CEO Donnie King said at an investor event on Wednesday, after supplies dwindled to their lowest level in decades.Producers increasingly sent cattle to slaughter...Reuters
Wed, May 14
Other
Germany's Merck drops China surcharge on orders after US-China tariff deal
SHANGHAI, May 14 (Reuters) - German healthcare and materials group Merck KGaA MRCG.DE has dropped a surcharge on life sciences sector orders within China following the U.S.-China agreement to pause sky-high tariffs on each other, the company said Wednesday.
Stocks
Be underweight U.S. equities, neutral on the Magnificent 7: Deutsche Bank
Investing.com -- Deutsche Bank is advising investors to remain underweight U.S. equities while maintaining a neutral stance on the so-called "Magnificent 7" technology giants, despite a recent pickup in U.S. market performance.
Investing.com
Wed, May 14
Stocks
Retail trading platform eToro set for Nasdaq debut after upsized $620 million IPO
** Retail trading platform eToro Group ETOR.O set to begin trading on Nasdaq on Wednesday under ticker symbol "ETOR"** Israel-based ETOR and some existing stockholders sold ~11.9 million shares at $52 apiece to raise $620 million in an upsized IPO** They had earlier offered 10 million shares...Reuters
Wed, May 14
Stocks
Moleculin Biotech Inc reports results for the quarter ended March 31 - Earnings Summary
Moleculin Biotech Inc MBRX.OQ reported a quarterly adjusted loss of 69 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-2.02. The mean expectation of two analysts for the quarter was for a loss of 56 cents per share. Wall S...Reuters
Wed, May 14
Indices
USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank
The US Dollar (USD) is weakening broadly into Wednesday’s NA session, extending Tuesday’s CPI driven-decline and retracing most of its US/China-trade related relief gains from the start of the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Wed, May 14
Stocks
Gold miners fall as easing US-China tensions dim bullion's safe-haven appeal
** U.S.-listed shares of gold miners fall premarket, tracking a drop in prices of the precious metal GOL/** Spot gold XAU= down 1% at $3,214.33 per ounce, as easing U.S.-China trade tensions soothed fears of a potential global recession, boosting investors' appetite for risk and weighing on bull...Reuters
Wed, May 14
Other
Bluebird bio receives higher upfront offer from PE firms Carlyle, SK Capital
May 14 (Reuters) - Bluebird bio BLUE.O and Carlyle Group CG.O and SK Capital Partners said on Wednesday that the private equity firms have offered $5 per share upfront to takeover the gene therapy maker.Shareholders may elect to receive either the new offer or the previous offer of $3 per share, wit...Reuters
Wed, May 14
Other
London market welcomes FCA streamlining proposals for UK insurers
Proposals are "proof positive" of growth and competitiveness objective: WagstaffNew definition of large commercial insurance customers welcomed by London marketLMA warns that subscription market rules miss the role of MGAs and brokersBy Rebecca DelaneyMay 14 - (The Insurer) - London market p...Reuters
Wed, May 14
Other
Brazil's carrier Azul reports Q1 net loss Of 1.82 billion reais
May 14 (Reuters) - Brazil's Azul AZUL4.SA:REPORTS Q1 EBITDA OF 1.38 BILLION REAIS - FILINGREPORTS Q1 NET REVENUE OF 5.39 BILLION REAIS - FILINGREPORTS Q1 NET LOSS OF 1.82 BILLION REAIS - FILINGFurther company coverage: AZUL4.SAReuters
Wed, May 14
Other
Court annuls European Commission's refusal to disclose COVID texts
NY Times seeking access to texts between Commission and PfizerCommission's Von der Leyen says texts not in her possessionTransparency advocates applaud decisionBy Foo Yun Chee and Sudip Kar-GuptaBRUSSELS, May 14 (Reuters) - The EU's General Court annulled on Wednesday a European Commission d...Reuters
Wed, May 14
Stocks
Chip companies jump after securing AI deals as Trump tours Gulf states
** Shares of some U.S. chip firms rise in premarket trading** U.S. President Donald Trump secured $600 billion in commitments from Saudi Arabia to U.S. companies during a tour of Gulf states** Nvidia NVDA.O, Advanced Micro Devices AMD.O and Qualcomm QCOM.O announced deals with Humain, an AI startup ...Reuters
Wed, May 14
Commodities
Brazil's JBS says market reacts positively to dual listing news
SAO PAULO, May 14 (Reuters) - meatpacker JBS SA JBSS3.SA said the market has always reacted positively to new developments related to its dual listing proposal, showing the plan is an attractive value proposition to all investors.In a call to discuss first quarter results on Wednesday, CFO Guilherme...Reuters
Wed, May 14
Stocks
Carlyle Group ticks up after TD Cowen upgrades
** Alternative asset manager Carlyle Group's CG.O shares rise 1.3% to $46.58 premarket** TD Cowen upgrades CG to "buy" from "hold"; lifts PT to $56 from $37, a 21.8% upside to stock's last close** Brokerage believes CG is finally shifting to a "beat-and-raise" story f...Reuters
Wed, May 14
Stocks
Milestone Pharmaceuticals Inc reports results for the quarter ended March 31 - Earnings Summary
Milestone Pharmaceuticals Inc MIST.OQ reported a quarterly adjusted loss of 31 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -21 cents. The mean expectation of four analysts for the quarter was for a loss of 18 cents per sh...Reuters
Wed, May 14
Other
Erdogan's global peacemaker spotlight hides tumult within Turkey
Turkey to host direct Russia-Ukraine peace talks Erdogan's diplomatic clout heightens Ankara's regional influencePeacemaker role also boosts Erdogan's domestic aimsEnd of PKK conflict may help him extend presidential termArrest of political rival sparked largest protests in a decadeBy Jo...Reuters
Wed, May 14
