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Stocks
Nvidia Stock Continued to Rally Today. Why It's Not Too Late to Buy.
Shares of Nvidia (NASDAQ: NVDA) jumped again today to start this week's trading. The stock rose more than 5% before easing back Monday morning. That move kept the positive momentum going for the artificial intelligence (AI) leader. Shares were up 4.8% as of 12:09 p.m. ET.Shares have soared about 20%...The Motley Fool
Mon, May 12
Commodities
METALS-Industrial metals prices buoyed by US-China trade deal
By Pratima Desai LONDON, May 12 (Reuters) - Industrial metals prices rose on Monday as growth and demand fears eased after China and the U.S. agreed a deal to reduce reciprocal import tariffs and seek an end to their trade war, though traders said the market remained cautious.Benchmark copper CMC...Reuters
Mon, May 12
Stocks
Why Apple's Stock Is Surging Today
Shares of consumer tech giant Apple (NASDAQ: AAPL) traded over 5% higher, as of 11:51 a.m. ET today, after officials from the U.S. and China announced a 90-day pause on extremely high tariffs rates, setting the stage for a broader trade agreement. The Dow Jones Industrial Average (DJINDICES: ^DJI) t...The Motley Fool
Mon, May 12
Other
Universal Music appoints Matt Ellis as new CFO
May 12 (Reuters) - Universal Music Group UMG.AS, the world's biggest music label, said on Monday it has appointed Matt Ellis as its new chief financial officer.Ellis, a former finance chief at Verizon Communications VZ.N, will succeed Boyd Muir, who was made chief operating officer of UMG in Oct...Reuters
Mon, May 12
Stocks
Seadrill Ltd reports results for the quarter ended March 31 - Earnings Summary
Seadrill Ltd SDRL.N reported a quarterly adjusted loss of 23 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of six analysts for the quarter was for earnings of 51 cents per share. Wall Street e...Reuters
Mon, May 12
Stocks
Blade Air Mobility takes off after narrower-than-expected loss, rev beat
** Blade Air Mobility's BLDE.O shares up 19.2% at $3.48, a two month high, after co posted narrow-than-expected qtrly loss and topline beat** BLDE on course for biggest one-day pct gain since Nov 2023 amid broader rally in equities, with the Nasdaq .IXIC surging >3% on Mon after U.S.-China ta...Reuters
Mon, May 12
Commodities
Black Sea CPC Blend daily oil exports set to decline in May, sources say
MOSCOW, May 12 (Reuters) - Black Sea CPC Blend oil exports via the Caspian Pipeline Consortium (CPC) system were set at 1.5 million barrels per day (or about 6 million metric tons) for May, down from some 1.6 million barrels per day in April, two industry sources said. Kazakhstan's energy mi...Reuters
Mon, May 12
Commodities
North Sea Crude-Several WTI offers don't find buyer
LONDON, May 12 (Reuters) - U.S. WTI Midland crude differentials weakened on Monday as once again several offers did not find a buyer, while North Sea Forties was steady.PLATTS WINDOWIndications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* N...Reuters
Mon, May 12
Stocks
LIVE MARKETS-Treasury yields jump, Fed rate cut expectations pushed back
Main US indexes jump; Nasdaq up >3.5%, out frontCons Disc leads S&P 500 sector gainers; Utilities weakest groupEuro STOXX 600 index up ~1.2%Dollar surges; crude up ~2%; bitcoin off ~1.4%; gold off >2.5%US 10-Year Treasury yield rises to ~4.45%Welcome to the home for real-time coverage of m...Reuters
Mon, May 12
Stocks
Why Railroad Stocks Are Moving Higher Today
Weekend progress toward resolving the trade spat between the United States and China has markets rallying, and railroad stocks are among the big winners.Shares of Union Pacific (NYSE: UNP), CSX (NASDAQ: CSX), Norfolk Southern (NYSE: NSC), Canadian Pacific Kansas City (NYSE: CP), and Canadian Nationa...The Motley Fool
Mon, May 12
Commodities
Europe Gasoline/Naphtha-Gasoline refining margins rise further
LONDON, May 12 (Reuters) - Northwest European gasoline profit margins rose by about 60 cents to $16.45 a barrel on Monday.A total of 5,800 metric tons of Eurobob E5 barges traded in the Argus window on Monday, with Gunvor selling to BP and Shell.A further 8,000 tons of E10 barges traded on Monday, w...Reuters
Mon, May 12
Stocks
Pharma stocks recover from initial shock of Trump's drug pricing order
Healthcare stocks in Australia, Asia fallInvestors question how the changes will be implementedPresident Trump signed executive order on Monday morningBy Sriparna Roy and Joel Jose May 12 (Reuters) - Shares of U.S. drugmakers rebounded on Monday after an initial selloff as analysts said that Pr...Reuters
Mon, May 12
Stocks
Why Nuclear Stocks Constellation Energy, Vistra, and Oklo All Popped This Morning
Shares of nuclear power producers Constellation Energy (NASDAQ: CEG), Vistra (NYSE: VST), and Oklo (NYSE: OKLO) (actually, Oklo is more of a nuclear start-up) all moved higher in Monday morning trading. The moves may have been inspired by broader investor enthusiasm in the wake of the Trump administ...The Motley Fool
Mon, May 12
Stocks
Sweetgreen slips after JP Morgan cuts PT
** Shares of salad chain Sweetgreen SG.N fall 1% to $15.1** JP Morgan cuts PT to $20 from $25** SG's sales were particularly challenged across overindexed markets, especially New York City, Boston, Los Angeles and D.C., that broadly account for ~40% of store base - JP Morgan** Consumers are more...Reuters
Mon, May 12
Stocks
Big News! U.S. and China Trade Deal Shakes Up Markets
The stock market is on fire on Monday after an initial trade deal with China was announced by U.S. officials. Details are still being ironed out, but the two countries are lowering tariffs and taking a 90-day "pause" to ramp up negotiations. Travis Hoium covers the details and the market's reaction ...The Motley Fool
Mon, May 12
Commodities
Aramco executive says oil demand could see additional upside if tariff disputes are resolved
By Manya Saini and Hadeel Al Sayegh DUBAI, May 12 (Reuters) - Saudi oil giant Aramco 2222.SE, a longtime cash cow for the kingdom, expects oil demand to remain resilient this year and sees further upside if the U.S. and China successfully resolve their trade dispute.Washington and Beijing agreed ...Reuters
Mon, May 12
Commodities
Mexico's Pemex plans to export less crude oil as new refinery starts up, official says
By Adriana BarreraMEXICO CITY, May 12 (Reuters) - The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil exports this year as more will be sent to local refineries, especially the new Olmeca refinery, a company director said on Monday. Once the country'...Reuters
Mon, May 12
Stocks
TXNM Energy rises on report of acquisition talks with Blackstone
** Shares of utility company TXNM Energy TXNM.N rise 1.2% to $53.52 ** Equity firm Blackstone BX.N says it is in talks to acquire TXNM Energy, Bloomberg News reports** An agreement is expected to be reached as early as the coming weeks, although the talks may be delayed or falter, report says** In M...Reuters
Mon, May 12
