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Commodities
U.S. Trump, Saudi crown prince sign economic partnership agreement
DUBAI, May 13 (Reuters) - U.S. President Donald Trump and Saudi Crown Prince Mohammed bin Salman, known as MbS, signed on Tuesday a strategic economic partnership agreement in Riyadh during Trump's regional visit.The partnership includes agreements for energy, mining, and defense.Reuters
Tue, May 13
Other
ADVISORY-Incorrect alert on Citigroup withdrawn
May 13 (Reuters) - An alert on UBS cutting target price of Citigroup Inc C.N was published incorrectly and has been withdrawn. The price target action was for Agree Realty Corp ADC.N, a different company. For the correct alert on Agree Realty, click nFWN3RL1Z7.STORY_NUMBER:AZN3TFDZQSTORY_TIME:[11:0...Reuters
Tue, May 13
Stocks
Western Digital rises after unveiling $2 billion buyback plan
** Shares of data storage products maker Western Digital WDC.O rise 3% to $48.00 premarket** WDC says will repurchase shares worth $2 billion ** Repurchase authorization is effective immediately** "Program underscores our strong confidence in Western Digital's future, the depth of our produc...Reuters
Tue, May 13
Stocks
Quince Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Quince Therapeutics Inc QNCX.OQ reported a quarterly adjusted loss of 34 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -26 cents. The mean expectation of four analysts for the quarter was for a loss of 23 cents per share. W...Reuters
Tue, May 13
Economic Indicator
India's trade minister to lead delegation to US for trade talks, say sources
NEW DELHI, May 13 (Reuters) - India's trade minister Piyush Goyal will lead a trade delegation to the United States starting May 16 to advance trade negotiations, two government officials said on Tuesday, as both countries push for a bilateral trade pact. Goyal's visit follows U.S. Vice Pre...Reuters
Tue, May 13
Stocks
Cytokinetics' heart disease drug shows improvement over standard of care in study
May 13 (Reuters) - Cytokinetics CYTK.O said on Tuesday its experimental heart disease drug significantly improved patients' ability to exercise compared to standard-of-care treatment in a late-stage study, sending shares of the company up more than 5% in premarket trading. The keenly watched dru...Reuters
Tue, May 13
Stocks
Baltic index hits three-week low on weaker capesize, panamax rates
May 13 (Reuters) - The Baltic Exchange's dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell to a three-week low on Tuesday on lower rates for capesize and panamax vessels. * The main index .BADI, which monitors rates for capesiz...Reuters
Tue, May 13
Commodities
Aramco to sign MoUs with NextDecade and Sempra, CEO says
RIYADH, May 13 (Reuters) - Saudi oil giant Aramco will sign on Tuesday memoranda of understanding with U.S. liquefied natural gas producer NextDecade NEXT.O and utility firm Sempra SRE.N, Aramco's CEO Amin Nasser told the U.S.-Saudi Investment Forum.Reuters
Tue, May 13
Other
Turkey and PKK face a tricky path determining how militants will disband
Thousands of fighters expected to surrender weapons in IraqMany militants may return to Turkey after disarmamentFate of Kurdish forces in Syria unclearPro-Kurdish political movement seeking political reformsBy Daren Butler and Jonathan Spicer ISTANBUL, May 13 (Reuters) - Turkey is embarking on a ...Reuters
Tue, May 13
Stocks
These 4 Warren Buffett Stocks Make Up Over 57% of Berkshire Hathaway's $277 Billion Portfolio
Warren Buffett capped a legendary career recently when he announced that he would be stepping down as CEO of Berkshire Hathaway at the end of the year. The multibillionaire and all-time investing great spent six decades leading the holding company to success, which grew into one of the world's large...The Motley Fool
Tue, May 13
Stocks
ONON: Keeping Pace Despite Headwinds
Here's our initial take on On Holding's (NYSE: ONON) fiscal 2025 first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsRevenue (Swiss francs)508.2 million726.6 million43%BeatAdjusted EPS (Swiss francs)0.330.21-36%MetGross profit margin59.7%59.9%20bpn/aDirect-to-consumer...The Motley Fool
Tue, May 13
Commodities
CBOT Trends-Wheat steady-down 7 cents, corn steady-down 4, soybeans steady-down 5
CHICAGO, May 13 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday. WHEAT - Steady to down 7 cents per bushel* CBOT wheat futures fell as the U.S. dollar was higher and the U.S. ...Reuters
Tue, May 13
Stocks
Waystar falls after secondary offering announced
** Healthcare payments software provider Waystar's WAY.O shares fall 5.3% to $38.16 before the bell** WAY announces proposed public offering of 12.5 million shares being offered by top shareholders EQT AB, Bain Capital, and Canada Pension Plan Investment Board** Stock closed up 0.7% at $40.30 on...Reuters
Tue, May 13
Economic Indicator
TREASURIES-U.S. 10-year yields retreat slightly after April CPI release
NEW YORK, May 13 (Reuters) - U.S. 10-year Treasury yields fell slightly on Tuesday after April's Consumer Price Index numbers were below forecast, showing a moderate immediate impact of the Trump administration's sharp import tariff rises announced early last month.The 10-year yield fell fro...Reuters
Tue, May 13
Other
ADVISORY-Incorrect alert on Goodyear Tire & Rubber withdrawn
May 13 (Reuters) - An alert on UBS raising target price of Goodyear Tire & Rubber Co GT.O was published incorrectly and has been withdrawn. The price target action was for Allegiant Travel Co ALGT.O, a different company.Reuters
Tue, May 13
Stocks
Lufax Receives NYSE Notice Regarding Late Filing of Annual Report on Form 20-F
SHANGHAI, May 13, 2025 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced that it received a notice from the New York Stock Exchange (the "NYSE"...PR Newswire
Tue, May 13
Stocks
HSBC downgrades Chevron on reduced valuation upside, shareholder distributions cut
Investing.com -- HSBC (LON:HSBA) has downgraded Chevron (NYSE:CVX) from Buy to Hold, citing reduced valuation upside and a cut to shareholder distributions.The downgrade comes amid a broader resetInvesting.com
Tue, May 13
Stocks
First Solar rises after Wolfe Research upgrades rating
** Shares of solar panel maker First Solar FSLR.O rise 9.5% premarket to $171 after Wolfe Research upgrades rating to "outperform" ** Brokerage attributes the upgrade to better clarity on 45X credit rules, adding co stands to earn $10 bln or ~$92/share of credits through 2031** 45X tax credi...Reuters
Tue, May 13
