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LIVE MARKETS-Nomura bets on China following surprise tariff reduction with US
Nasdaq rallies ~1.5%, S&P 500 rises ~0.7%, Dow declinesTech leads S&P 500 sector gainers; Healthcare weakest groupEuro STOXX 600 index ~flatDollar down; gold, bitcoin gain; crude up >1.5%US 10-Year Treasury yield edges up to ~4.47%Welcome to the home for real-time coverage of markets brou...Reuters
Tue, May 13
Cryptocurrencies
$7 In Sight: Analyst Turns Bullish On XRP’s Price Trajectory
XRP has joined the recent crypto upswing after Bitcoin pushed back above the $100,000 mark. Prices have climbed into the upper end of the $2 region. That has some traders betting on much higher targets ahead. According to market observers, a mix of classic chart setups points to fresh peaks. But his...NewsBTC
Tue, May 13
Other
Olympics-Hollywood Park Studios to serve as broadcast hub for LA Olympics
By Rory Carroll LOS ANGELES, May 13 (Reuters) - A film studio and production facility set to be built in Inglewood by Rams owner Stan Kroenke will host international broadcasters of the 2028 Olympic and Paralympic Games in Los Angeles, Hollywood Park said on Tuesday. Hollywood Park Studios (HPS) ...Reuters
Tue, May 13
Other
Boeing deliveries nearly double in April
Boeing delivered 45 jets in April, nearly double from last yearBoeing's April deliveries mark fourth month over 40 jetsBoeing trails Airbus in deliveries and new ordersBy Dan Catchpole SEATTLE, May 13 (Reuters) - Boeing BA.N said on Tuesday it delivered 45 commercial jets in April, nearly twi...Reuters
Tue, May 13
Other
Auto File: Nissan’s grim tidings, again
May 13 (Reuters) - By Nick Carey, European Autos Correspondent Greetings from London! It didn’t take all that long to find out what impact President Donald Trump’s tariffs have had on U.S. car prices. The average car price after discounts and promotions in April was up 2.5% versus March...Reuters
Tue, May 13
Other
NY Fed: Student loan borrowing trouble surged in first quarter
NY Fed says troubled student loans surged in first quarterSurge in student troubles not a surprise given return to required paymentsNY Fed researchers see aggregate household credit as solid By Michael S. Derby May 13 (Reuters) - U.S. student loan borrowers ran into trouble during the first quart...Reuters
Tue, May 13
Other
Taysha Gene Therapies Inc expected to post a loss of 9 cents a share - Earnings Preview
Taysha Gene Therapies Inc TSHA.OQ TSHA.O is expected to show a fall in quarterly revenue when it reports results on May 15 for the period ending March 31 2025The Dallas Texas-based company is expected to report a 50.0% decrease in revenue to $1.705 million from $3.41 million a year ago, according ...Reuters
Tue, May 13
Stocks
GLOBAL MARKETS-Dollar falls, Wall Street mixed following US inflation data
Dollar falls after US inflation dataUS-China tariff pause lifts sentiment but worries linger Traders reel in bets on Fed rate cutsBy Chris Prentice and Amanda Cooper NEW YORK/LONDON, May 13 (Reuters) - The dollar fell and major U.S. stock indexes were mixed on Tuesday after data showed U.S. consu...Reuters
Tue, May 13
Other
Texas Health Department reports 717 measles cases as of may 13 - website
May 13 (Reuters) - TEXAS HEALTH DEPARTMENT :TEXAS HEALTH DEPARTMENT REPORTS 717 MEASLES CASES AS OF MAY 13 - WEBSITETEXAS HEALTH DEPARTMENT REPORTS 405 MEASLES CASES IN GAINES COUNTY AS OF MAY 13 - WEBSITETEXAS HEALTH DEPARTMENT REPORTS 93 HOSPITALIZATIONS IN MEASLES PATIENTS AS OF MAY 13Reuters
Tue, May 13
Other
China to adjust tariff rates on US goods from May 14, says finance ministry
BEIJING, May 13 (Reuters) - China will lower its tariffs on U.S. goods to 10% for an initial 90 days starting from 12:01 pm (0401 GMT) on Wednesday, Chinese finance ministry said in a statement on Tuesday.The ministry said it would reduce the 34% duties on U.S. goods to 10% it imposed last month and...Reuters
Tue, May 13
Other
Berkshire Hathaway's share price fall drags US insurance composite 1.3% lower
By Carlos PallordetMay 13 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co underperformed all broader market indexes last week, despite a run of relatively positive earnings announcements.The S&P 500 declined 0.5% for the week while the N...Reuters
Tue, May 13
Stocks
GE Vernova to export $14.2 billion in turbines, energy solutions to Saudi Arabia, US says
May 13 (Reuters) - U.S. power equipment maker GE Vernova GEV.N will export gas turbines and energy solutions totaling $14.2 billion to Saudi Arabia, the White House said on Tuesday, as part of a broader $600 billion investment commitment.GE Vernova's shares were up 3.7% at $432.14 in morning tra...Reuters
Tue, May 13
Other
Nutresa sells Colombian Starbucks franchise stake to Mexico's Alsea
BOGOTA, May 13 (Reuters) - Colombian processed food company Nutresa NCH.CN said it sold its 30% stake in the country's Starbucks SBUX.O franchise operator to a unit of Mexican restaurant chain Alsea ALSEA.MX.In a statement on Monday night, Nutresa said it had signed a contract with Alsea unit Ca...Reuters
Tue, May 13
Other
Congo's battle against M23 strains public finances, IMF says
May 13 (Reuters) - An escalation of fighting in eastern Democratic Republic of Congo has strained the Central African nation's public finances, the International Monetary Fund said on Tuesday.Rwanda-backed M23 rebels have staged an unprecedented advance in eastern Congo this year, triggering a f...Reuters
Tue, May 13
Other
Citi to sell wealth alternatives unit to fintech firm iCapital
May 13 (Reuters) - Wall Street heavyweight Citigroup C.N has agreed to sell its wealth alternatives unit to fintech firm iCapital, the companies announced on Tuesday, as the bank pursues simplifying its business.The unit, Citi Global Alternatives, represents more than 180 funds distributed by the ba...Reuters
Tue, May 13
Other
New Cannes dress code forces Halle Berry to switch outfits
By Miranda Murray CANNES, France, May 13 (Reuters) - Oscar-winning actress Halle Berry was caught off-guard by the Cannes Film Festival's updated dress code and had to switch her outfit choice last minute, she told journalists on Tuesday. Under the rules, nudity is not allowed on the red car...Reuters
Tue, May 13
Other
Invivyd Inc expected to post a loss of 3 cents a share - Earnings Preview
Invivyd Inc IVVD.OQ IVVD.O is expected to show a rise in quarterly revenue when it reports results on May 15 for the period ending March 31 2025The Waltham Massachusetts-based company is expected to report revenue of $34.45 million, according to the mean estimate from 3 analysts, based on LSEG dat...Reuters
Tue, May 13
Stocks
Brainstorm Cell Therapeutics Inc expected to post a loss of 97 cents a share - Earnings Preview
Brainstorm Cell Therapeutics Inc BCLI.OQ BCLI.O is expected to show no change in quarterly revenue when it reports results on May 15 for the period ending March 31 2025LSEG's mean analyst estimate for Brainstorm Cell Therapeutics Inc is for a loss of 97 cents per share. The one available analy...Reuters
Tue, May 13
Other
Ideal Power Inc expected to post a loss of 30 cents a share - Earnings Preview
Ideal Power Inc IPWR.OQ IPWR.O is expected to report resultson May 15 for the period ending March 31 2025The Austin Texas-based company is expected to report revenue of $10 thousand, according to the estimate from one analyst, based on LSEG data.LSEG's mean analyst estimate for Ideal Power Inc...Reuters
Tue, May 13
Other
US consumer finance watchdog proposes scrapping bad actor registry
May 13 (Reuters) - The U.S. Consumer Financial Protection Bureau is proposing to do away with a registry of nonbank corporate offenders, which was created under the Biden administration to track companies caught violating consumer laws, according to a notice submitted on Tuesday to the Federal Regis...Reuters
Tue, May 13
