News
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Sailing-Wingsail issue fixed ahead of New York SailGP
May 12 (Reuters) - Repairs and upgrades to all 12 wingsails on the F50 catamarans will be completed in time for the New York Sail Grand Prix, SailGP said on Monday.SailGP cancelled its Rio event last month due to a wingsail defect which was identified after the Australian boat's wing collapsed i...Reuters
Mon, May 12
Cryptocurrencies
Uniswap Makes History with $3T Trading Volume: New Crypto to Explode in Popularity
Uniswap has become the world’s first decentralized exchange to hit $3 trillion in aggregate all-time volume. CEO and founder Hayden Adams posted the achievement on X and thanked everyone who used the platform and helped decentralize the global finance system. Uniswap currently holds a 23% market sha...NewsBTC
Mon, May 12
Other
France accuses enemies of spreading fake news after 'cocaine bag' claims
By Michel Rose and Andreas Rinke PARIS, May 12 (Reuters) - President Emmanuel Macron's office has accused France's enemies of spreading fake news by suggesting that he and other European leaders had taken drugs on a train during a visit to Kyiv.Video footage published online showed Macron...Reuters
Mon, May 12
Forex
GBP/USD crashes on US-China trade truce boosting US Dollar
The Pound Sterling collapsed by over 0.71% or 90 pips on Monday, following developments over the weekend that boosted the US Dollar. News of the US-China de-escalation of the trade war weighed on Sterling, which plummeted from around 1.3298. At the time of writing, the GBP/USD trades at 1.3207.
Fxstreet
Mon, May 12
Other
AEP Transmission Company Files For Offering Of Senior Notes, Series R Size Not Disclosed
May 12 (Reuters) - American Electric Power Company Inc AEP.O:AEP TRANSMISSION COMPANY LLC: FILES FOR OFFERING OF SENIOR NOTES, SERIES R; SIZE NOT DISCLOSED - SEC FILINGSource text: [ID:n0001702494-25-000004]Reuters
Mon, May 12
Stocks
Celsius: A Tale of 3 Stock Charts
If you're a Celsius Holdings (NASDAQ: CELH) shareholder, how well you're doing depends largely on where you draw your starting line. This is true of any investment, but the differences are pretty extreme for the company behind the lifestyle brand of sparkling beverages that boost a body's metabolism...The Motley Fool
Mon, May 12
Stocks
Fidelity login woes blocks users from trading rally
By Suzanne McGee May 12 (Reuters) - Users of Fidelity's trading platforms encountered a series of glitches that stopped them from logging on to their accounts, just as U.S. stock markets opened for trading on Monday morning. The glitches occurred even as major share prices index soared on ne...Reuters
Mon, May 12
Stocks
US chipmakers rise after US, China agree to cut tariffs, 90-day pause
** Shares of U.S. chipmakers rise after U.S. and China agree to temporarily slash tariffs** U.S. will cut tariffs on Chinese imports to 30% from 145% while Chinese levies will drop to 10% from 125% for the next 90 days** Chip-heavyweight Nvidia NVDA.O gains 3.6% ** Networking chipmakers Broadcom AVG...Reuters
Mon, May 12
Other
Iran warns Europeans that reimposing sanctions could have irreversible consequences
Fourth round of Iran-US nuclear talks concluded Sunday Europeans can reimpose UN sanctions by mid-OctoberIran-Europe ties strained by nuclear issues and UkraineBy John Irish PARIS, May 12 (Reuters) - Iran's foreign minister warned Britain, France and Germany on Monday that a decision to trigg...Reuters
Mon, May 12
Other
TREASURIES-Yields rise as US/China trade deal punishes safe-havens
US and China agree to lower trade tariffs during 90-day pauseTreasury yields rise amid investor shift to risk assetsMarkets see no Fed rate cut until SeptemberBy Tatiana Bautzer and Amanda Cooper NEW YORK/LONDON, May 12 (Reuters) - U.S. Treasury yields rose on Monday to the highest levels in a mo...Reuters
Mon, May 12
Commodities
Growth in nuclear construction spurs increased sector specialisation among brokers and insurers
By Isha MaratheMay 1 - (The Insurer) - As mothballed nuclear reactors in the U.S. are dusted off with capital injections from Big Tech to serve the ever-growing energy demands of the public, the new sector heads at Marsh and WTW are preparing for an influx of growth in nuclear construction and subs...Reuters
Mon, May 12
Other
Soccer-Ancelotti to leave Real Madrid and take over Brazil national team
Brazilian FA announce signing ahead of World CupItalian coach to leave Real Madrid after four yearsSpanish outfit have yet to confirm his departureBy Fernando Kallas MADRID, May 12 (Reuters) - Italian Carlo Ancelotti, one of the most decorated managers in world football, will become Brazil co...Reuters
Mon, May 12
Other
Hippo CEO: $50 million surplus note will allow Spinnaker to ‘grow more aggressively’
By Michael LoneyMay 12 - (The Insurer) - Hippo’s CEO has told The Insurer that a new $50 million surplus note will allow its Spinnaker fronting business to grow “aggressively” by supporting existing partners, adding new partners and taking on more underwriting risk on attractive programs.Along with ...Reuters
Mon, May 12
Stocks
GLOBAL MARKETS-Stocks, dollar surge as US and China agree 90-day tariff relief
U.S. and China reach deal to temporarily slash tariffs Wall Street stocks leapDollar jumps 2% against Japanese yen, Swiss franc tumblesGold drops sharply after stunning rally, government bonds weak By Koh Gui Qing and Naomi Rovnick NEW YORK/LONDON, May 12 (Reuters) - Global shares rallied, while...Reuters
Mon, May 12
Other
CFOs expect moderate profit outlook and excess capital deployment, survey finds
By Navneeta NandanMay 12 - (The Insurer) - Europe's (re)insurance chief financial officers are increasingly looking to deploy excess capital in 2025 despite a more modest profit outlook, a survey by Moody's Ratings has found. Published on Monday, the survey results showed nearly 80% of the 2...Reuters
Mon, May 12
Other
Aquiline launches TPA and managed care providers platform with trio of boutique firms
By David BullMay 12 - (The Insurer) - Insurance industry-focused PE firm Aquiline has formed a new platform called Avondale Risk to bring together specialist workers’ compensation, liability and managed-care third-party administrators (TPAs) and service providers.In a statement, New York-based Aquil...Reuters
Mon, May 12
Other
Sailing-Wingsail issue fixed ahead of New York SailGP
May 12 (Reuters) - Repairs and upgrades to all 12 wingsails on the F50 catamarans will be completed in time for the New York Sail Grand Prix, SailGP said on Monday.SailGP cancelled its Rio event last month due to a wingsail defect which was identified after the Australian boat's wing collapsed i...Reuters
Mon, May 12
Other
GM hires self-driving company leader as chief product officer
By Kalea Hall DETROIT, May 12 (Reuters) - General Motors GM.N has hired Sterling Anderson, co-founder of self-driving trucking company Aurora, as its executive vice president of global product, the company said Monday. The leader in autonomous vehicle technology, who will report to GM President M...Reuters
Mon, May 12
