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Stocks
Why Shopify Stock Is Up Today
The so-called "de minimis" tariff, a tax on low-value imports, has been cut as part of the United States' ongoing talks with China.That's a relief to online small businesses and the companies that serve them. Shares of Shopify (NASDAQ: SHOP) traded up 4% as of 1 p.m. ET on hopes that trade policies ...The Motley Fool
Tue, May 13
Cryptocurrencies
Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst
Solana has rallied more than 22% since last Thursday, riding the wave of renewed bullish momentum across the broader crypto market. As Bitcoin pushes toward all-time highs and Ethereum breaks key resistance levels, Solana has followed suit with impressive strength. The price surged to a local high o...NewsBTC
Tue, May 13
Other
California senator calls on NOAA to restore 'billion-dollar' disaster database
WASHINGTON, May 13 (Reuters) - Democratic Senator Adam Schiff on Tuesday urged Commerce Secretary Howard Lutnick and the National Oceanic and Atmospheric Administration's acting secretary to restore a database that tracked billion-dollar U.S. disasters.He said its removal prevented lawmakers, in...Reuters
Tue, May 13
Commodities
US Cash Grains-Spot corn basis mostly steady to higher in Midwest
CHICAGO, May 13 (Reuters) - Spot basis bids for corn were mostly steady to higher at U.S. Midwest processors, elevators and and river terminals on Tuesday, with dealers trying to entice farmers busy with planting to sell the grain. The corn basis rose by 6 cents at a processor in Decatur, Illinois, ...Reuters
Tue, May 13
Stocks
Why Plug Power Stock Crashed Today
Hydrogen fuel company Plug Power (NASDAQ: PLUG) announced revenue grew 11% in the first quarter, but investors are punishing the stock today anyway. Losses continued to mount for the company, even as demand for its hydrogen electrolyzers grew.That led investors to knock Plug shares down by 9.3% as o...The Motley Fool
Tue, May 13
Commodities
UK trade remedies body recommends country-specific quota caps on steel imports
LONDON, May 13 (Reuters) - Britain's Trade Remedies Authority (TRA) recommended on Tuesday that country-specific quota caps should be imposed on certain categories of steel imports to help defend its domestic industry, which said the proposals were insufficient.Britain has been trying to protect...Reuters
Tue, May 13
Stocks
Cisco Expands Partnership with Saudi Arabia to Power the AI Future
Cisco to Join HUMAIN's Initiative to Build the Kingdom's Future AI Infrastructure News Summary: Cisco to partner with Saudi Arabia's new HUMAIN AI enterprise to power AI infrastructure and ecosystem growth. New investments in research, talent and digital skills aim to accelerate the Kin...PR Newswire
Tue, May 13
Other
Syrian foreign minister says lifting of sanctions 'new start' for reconstruction
May 13 (Reuters) - Syrian Foreign Minister Asaad al-Shibani said on Tuesday the decision by U.S. President Donald Trump to lift sanctions on Damascus marked a "new start" in his country's reconstruction path, according to a post on X.Shibani thanked Saudi Arabia for facilitating the remo...Reuters
Tue, May 13
Commodities
Euronext wheat steadies after latest lows with export demand in focus
PARIS, May 13 (Reuters) - Euronext wheat ended little changed on Tuesday, recovering from earlier contract lows in step with Chicago futures as traders watched to see if the recent price slide would stir more demand from importers.September milling wheat BL2U5, the most active position on Paris-base...Reuters
Tue, May 13
Commodities
US farm agency staff warn Congress of food safety risks, political interference
Budget cuts and staff losses have weakened USDA, staff sayOne research agency has lost nearly 60% of food safety scientistsMore than 15,000 employees have left USDA since JanuaryBy Leah Douglas WASHINGTON, May 13 (Reuters) - Unions representing staff in the U.S. Department of Agriculture's re...Reuters
Tue, May 13
Other
U.S. RESEARCH ROUNDUP-ACI Worldwide, Expand Energy, First Solar
May 13 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including ACI Worldwide, Expand Energy and First Solar, on Tuesday. HIGHLIGHTS* ACI Worldwide Inc ACIW.O: D.A. Davidson raises to buy from neutral* Expand Energy Corp EXE.O: P...Reuters
Tue, May 13
Stocks
U.S. STOCKS ON THE MOVE-Landsea Homes, Ameren, First Solar
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8The S&P 500 and the Nasdaq advanced on Tuesday on softer-than-expected inflation numbers and market optimism spurred by the U.S.-China trade reprieve, renewing expectations that the Fede...Reuters
Tue, May 13
Other
US agrees to sell Saudi Arabia $142 billion arms package
RIYADH, May 13 (Reuters) - The United States agreed on Tuesday to sell Saudi Arabia an arms package worth nearly $142 billion, according to a White House fact sheet that called it "the largest defense cooperation agreement" Washington has ever done. The agreement, signed during U.S. Presiden...Reuters
Tue, May 13
Stocks
Robinhood surges nearly 10% on WonderFi deal; Mizuho sees Canada growth potential
Investing.com -- Robinhood (NASDAQ:HOOD) is making its first major move into Canada with the acquisition of Wonderfi Technologies Inc (TSX:WNDR), a digital asset firm that operates two of the country’Investing.com
Tue, May 13
Stocks
Hedge funds gain little from rally sparked by US-China trade deal
By Carolina Mandl NEW YORK, May 13 (Reuters) - Global hedge funds reaped limited gains from a big Wall Street stock rally triggered by a U.S.-China agreement on tariffs on Monday, a Morgan Stanley note on Tuesday showed.Hedge funds rose 0.60% on average on Monday, underperforming the S&P 500 ...Reuters
Tue, May 13
Other
NEWSMAKER-Who is Casandra Ventura, R&B singer at center of ‘Diddy’ trial?
Ventura's career began with 2006 hit "Me & U"Her music blends R&B, hip-hop, pop, and Filipino cultureVentura married Alex Fine in 2019, now expecting third childBy Danielle Broadway LOS ANGELES, May 13 (Reuters) - R&B singer Casandra Ventura, a onetime rising star in the N...Reuters
Tue, May 13
Stocks
Why Super Micro Computer Ripped Higher Today
Shares of Super Micro Computer (NASDAQ: SMCI) rallied on Tuesday, increasing 13.8% as of 12:05 p.m. ET.Supermicro has been a controversial stock over the past six months, as former auditor Ernst & Young resigned in October; however, the company's new auditor, BDO, signed off on the company's financi...The Motley Fool
Tue, May 13
Economic Indicator
Intel has limited customer commitments for latest chip manufacturing tech, CFO says
May 13 (Reuters) - The volume of processors Intel INTC.O is set to produce for external customers using its upcoming manufacturing technology is currently "not significant", finance chief David Zinsner said on Tuesday.Committed volumes, or the amount of external customers' chips set to b...Reuters
Tue, May 13
