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Trump says tax bill is in good shape to pass
May 13 (Reuters) - U.S. President Donald Trump said Tuesday that the newly unveiled tax legislation is well-positioned to pass, following the release of the House Republicans' tax plan details the day before."I'm pleased to report that the United States Congress is on the verge of passin...Reuters
Tue, May 13
Stocks
Hertz shares slump after quarterly results miss Wall Street estimates
By Chibuike Oguh NEW YORK, May 13 (Reuters) - Shares of Hertz Global HTZ.O fell more than 20% on Tuesday after the rental car company's results missed Wall Street expectations due to reduced vehicle fleet and a moderation in bookings.Estero, Florida-based Hertz reported a nearly 13% drop in r...Reuters
Tue, May 13
Other
US says Trump's 'unification' comment was about US-China trade
Trump makes 'unification' comment to reporters in White HouseU.S. de facto embassy says position on Taiwan has not changedChina has vowed to 'reunify' with Taiwan, by force if neededTaiwan rejects Beijing's sovereignty claims TAIPEI, May 13 (Reuters) - U.S. President Donald Tr...Reuters
Tue, May 13
Other
Golf-Timed to perfection, Thomas in form for PGA Championship
By Frank PingueCHARLOTTE, North Carolina, May 13 (Reuters) - Justin Thomas' game appears to be building toward something bigger and he could not have timed it any better given this week's PGA Championship at Quail Hollow Club is being contested at the site of his major breakthrough in 2017....Reuters
Tue, May 13
Other
Zelenskiy hopes to attend Pope Leo's inaugural Mass, top aide says
ROME, May 13 (Reuters) - Ukrainian President Volodymyr Zelenskiy plans to attend the inaugural Mass of newly elected Pope Leo at the Vatican on Sunday, war commitments permitting, a top presidential aide told Reuters on Tuesday.In a telephone interview from Kyiv, Zelenskiy's chief of staff Andri...Reuters
Tue, May 13
Other
US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports
May 13 (Reuters) - The Trump administration is weighing a deal that would allow the UAE to import more than a million advanced Nvidia NVDA.O chips, a quantity that far exceeds limits under Biden-era AI chip regulations, Bloomberg News reported on Tuesday.Reuters
Tue, May 13
Economic Indicator
Budweiser-maker Anheuser-Busch to invest $300 million in US facilities (May 12)
May 12 (Reuters) - Anheuser-Busch InBev's ABI.BR, BUD.N American subsidiary said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump.The St. Louis, Missouri-based Anheuser-Busch, which...Reuters
Tue, May 13
Stocks
Why EchoStar Stock Is Falling to Earth Today
The Federal Communications Commission (FCC) intends to launch a probe into EchoStar's (NASDAQ: SATS) compliance with government requirements for how it uses spectrum, as rivals line up for access to the bandwidth.Investors are concerned, sending EchoStar shares down as much as 13% for the day and do...The Motley Fool
Tue, May 13
Economic Indicator
CORRECTED-Budweiser-maker AB InBev to invest $300 million in US facilities (May 12)
May 12 (Reuters) - Anheuser-Busch InBev ABI.BR said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump.The St. Louis, Missouri-based Anheuser-Busch, which said it invested nearly $2 billi...Reuters
Tue, May 13
Economic Indicator
Euro zone yields edge up as trade optimism eases economic concerns
German 10-year bond yields rise for fourth straight sessionEuro zone bond yields climb amid reduced ECB rate cut betsGerman investor morale improves, ZEW index shows New supply coming from euro zone, Germany, Italy, Netherlands, according to LSEG IFR By Medha Singh, Stefano Rebaudo May 13 (Reuter...Reuters
Tue, May 13
Stocks
U.S. STOCKS ON THE MOVE-GE Vernova, Alliant Energy, Boeing
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes were on track for a mixed open on Tuesday, as investors assessed the latest inflation numbers and their impact on monetary policy after markets came off sharp ...Reuters
Tue, May 13
Stocks
Canada's Pet Valu falls after secondary offering unveiled
** Canadian pet food retailer Pet Valu's PET.TO shares fall 5.2% to C$28.66** PET late Monday announced a C$150 million ($107.4 million) secondary bought deal offering** Top shareholder Roark Capital has entered into an agreement with syndicate of underwriters led by CIBC Capital Markets and RBC...Reuters
Tue, May 13
Stocks
Truist raises PT on Curtiss-Wright after Q1 earnings beat
** Shares of aerospace & defense service provider Curtiss-Wright CW.N up 3% at $398 ** Truist Securities raises price target to $356 from $338, a downside of 8% to the stock's last close** Brokerage reiterates rating on the stock at 'hold'** Says cockpit voice and data recording driv...Reuters
Tue, May 13
Stocks
European first-quarter corporate profits seen rising 1.9%, up from last week's estimate
May 13 (Reuters) - The outlook for European corporate health has improved, the latest earnings forecasts showed on Tuesday.European companies are expected to report a rise of 1.9% in first-quarter earnings, on average, according to LSEG I/B/E/S data, better than the 0.4% rise analysts had expected a...Reuters
Tue, May 13
Stocks
Palisade Bio Inc reports results for the quarter ended March 31 - Earnings Summary
Palisade Bio Inc PALI.OQ reported a quarterly adjusted loss of 47 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-4.59. The mean expectation of three analysts for the quarter was for a loss of 70 cents per share. Wall Stre...Reuters
Tue, May 13
Stocks
AMD Management Expects Robust Growth to Continue in 2025
AMD's (NASDAQ: AMD) management team reiterated its optimistic outlook for the rest of this year and beyond.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were the afternoon prices of May 10, 202...The Motley Fool
Tue, May 13
Stocks
Hoth Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Hoth Therapeutics Inc HOTH.OQ reported a quarterly adjusted loss of 27 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -46 cents. The mean expectation of two analysts for the quarter was for a loss of 26 cents per share. Wal...Reuters
Tue, May 13
