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'Magnificent Seven' stocks rise as US-China trade deal boosts market confidence
** The "Magnificent Seven" group of megacap stocks up after the United States and China reached a deal to cut reciprocal tariffs ** Tesla TSLA.O climbs 5.44% , while Nvidia NVDA.O up 4.15%; Meta Platforms META.O and Amazon.com AMZN.O rise 5.53% and 7.38%, respectively** Apple AAPL.O up 4....Reuters
Mon, May 12
Stocks
Centuri Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Centuri Holdings Inc CTRI.N reported a quarterly adjusted loss of 12 cents per share for the quarter ended March 31. The mean expectation of five analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -20 cents to -11 cents per share.Revenue was ...Reuters
Mon, May 12
Stocks
Imunon Inc reports results for the quarter ended March 31 - Earnings Summary
Imunon Inc IMNN.OQ reported a quarterly adjusted loss of 28 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -52 cents. The mean expectation of five analysts for the quarter was for a loss of 35 cents per share. Wall Street e...Reuters
Mon, May 12
Economic Indicator
U.S.-China tariff delay gives Fed fresh reason to sit tight on rates
By Howard Schneider WASHINGTON, May 12 (Reuters) - The Federal Reserve got one more reason to wait on cutting interest rates after a delay of the most punitive tariffs imposed in the Trump administration's trade battle with China appeared to reduce the chance of a U.S. economic slowdown that ...Reuters
Mon, May 12
Stocks
Upland Software Inc reports results for the quarter ended March 31 - Earnings Summary
Upland Software Inc UPLD.OQ reported quarterly adjusted earnings of 23 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of three analysts for the quarter was for earnings of 17 cents per share. ...Reuters
Mon, May 12
Other
Trump says U.S. drug prices could drop 90% due to executive order
WASHINGTON, May 12 (Reuters) - President Donald Trump said U.S. drug prices could come down between 59% to 90% after he sighs a wide-reaching executive order on Monday directing drugmakers to lower the prices of their medicines to align with what other countries pay.Reuters
Mon, May 12
Other
France accuses enemies of spreading fake news after 'cocaine bag' claims
By Michel Rose 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 sitting at a tabl...Reuters
Mon, May 12
Stocks
Ramaco Resources Inc reports results for the quarter ended March 31 - Earnings Summary
Ramaco Resources Inc METC.OQ reported a quarterly adjusted loss of 19 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of three analysts for the quarter was for a loss of 22 cents per share. Wall ...Reuters
Mon, May 12
Stocks
Tango Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Tango Therapeutics Inc TNGX.OQ reported a quarterly adjusted loss of 36 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -35 cents. The mean expectation of seven analysts for the quarter was for a loss of 35 cents per share. W...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
Commodities
Mexico disagrees with US suspension of Mexican cattle imports over screwworm, president says
MEXICO CITY, May 12 (Reuters) - Mexican President Claudia Sheinbaum said on Monday that her nation did not agree with the U.S.' decision to suspend Mexican imports of cattle, horses and bison over the presence of the New World screwworm, adding that Mexico had shown collaboration in eradicating ...Reuters
Mon, May 12
Stocks
Fox Corp rises on upbeat Q3 earnings, plan to launch 'Fox One' streaming service
** U.S. multinational media company Fox Corp's FOXA.O shares rise 5.2% to $52.84, highest since April 3** Beats Q3 adjusted profit estimates as co benefited from strong advertising driven by the Super Bowl** Co separately announced a new subscription-based streaming service "Fox One," se...Reuters
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
Stocks
Life sciences firms climb after US and China agree to cut tariffs
** Shares of life sciences firms rise after U.S. and China agree to temporarily cut tariffs, easing trade tensions and recession fears** Shares of Bio-Techne TECH.O up 7.5%, Bio-Rad Laboratories BIO.N up 6.7%, QuidelOrtho QDEL.O up 6.1%, Thermo Fisher Scientific TMO.N up 5.5% and Danaher DHR.N up 4%...Reuters
Mon, May 12
Stocks
Lincoln Educational Services Corp reports results for the quarter ended March 31 - Earnings Summary
Lincoln Educational Services Corp LINC.OQ reported quarterly adjusted earnings of 6 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents pe...Reuters
Mon, May 12
Stocks
Macerich Co reports results for the quarter ended March 31 - Earnings Summary
Macerich Co MAC.N reported a quarterly adjusted loss of 20 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -59 cents. The mean expectation of eight analysts for the quarter was for a loss of 8 cents per share. Wall Street ex...Reuters
Mon, May 12
Other
Soccer-Ancelotti to leave Real Madrid and take over Brazil national team
By Fernando KallasMADRID, May 12 (Reuters) - Carlo Ancelotti will become Brazil manager after leaving Real Madrid at the end of the season, the Brazilian FA (CBF) said on Monday."The president of CBF Ednaldo Rodrigues has announced on Monday the signing of Italian manager Carlo Ancelotti," ...Reuters
Mon, May 12
Stocks
Lexeo Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Lexeo Therapeutics Inc LXEO.OQ reported a quarterly adjusted loss of 99 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -77 cents. The mean expectation of seven analysts for the quarter was for a loss of 78 cents per share. W...Reuters
Mon, May 12
