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Stocks
Furniture retailers rise as US, China reach tariff deal
** Shares of U.S. furniture retailers with exposure to China rise as both countries agree to temporarily pause tariffs for 90 days** The world's two biggest economies said tariffs would drop sharply with U.S. to cut tariffs on China to 30% from previous 145% and Chinese duties to fall to 10% fro...Reuters
Mon, May 12
Cryptocurrencies
Trump Talks India-Pakistan into Ceasefire; Bitcoin and the Best Altcoins Rally
The India-Pakistan conflict has reached a ceasefire after Trump intervened. The news has seen Bitcoin and many of the best altcoins surge again, reflecting the power of world headlines to nudge the needle. Trump himself broke the good news of the ceasefire on Saturday in a Truth Social post. The con...Bitcoinist
Mon, May 12
Other
Netanyahu speaks with Trump after meeting US officials, Israeli leader's office says
JERUSALEM, May 12 (Reuters) - Israeli Prime Minister Benjamin Netanyahu spoke on Monday with Donald Trump after meeting with the U.S. president's Middle East envoy and ambassador to Israel, Netanyahu's office said in a statement. Netanyahu thanked Trump for his assistance with the expected r...Reuters
Mon, May 12
Stocks
Mattel, Hasbro rise as US, China ease tariffs
** Shares of toymakers rise after U.S. and China agree to ease some tariffs** Barbie-maker Mattel MAT.O up 9.5% at $18.88; Play-Doh maker Hasbro HAS.O up 7% at $65.82** Trump administration's decision to step back from extreme 145% tariffs is welcome break for Hasbro, Mattel and broader toy indu...Reuters
Mon, May 12
Cryptocurrencies
Eric Trump-backed American Bitcoin to go public through all-stock merger
By Ateev Bhandari May 12 (Reuters) - American Bitcoin, a new bitcoin miner backed by U.S. President Donald Trump's two eldest sons, said on Monday it will list on the Nasdaq via an all-stock merger with Gryphon Digital Mining GRYP.O.Existing shareholders of American Bitcoin, including co-foun...Reuters
Mon, May 12
Other
Boyd Group Services Inc expected to post earnings of 14 cents a share - Earnings Preview
Boyd Group Services Inc BYD.TO is expected to show a rise in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The Winnipeg Manitoba-based company is expected to report a 1.1% increase in revenue to $795.301 million from $786.55 million a year ago, according t...Reuters
Mon, May 12
Other
Israel to send delegation to Doha for hostage deal talks
DUBAI, May 12 (Reuters) - Israel will send a delegation to Doha on Tuesday to discuss a proposal presented by U.S. Middle East envoy Steve Witkoff aimed at securing a hostage release deal, the prime minister's office said on Monday.Reuters
Mon, May 12
Other
European Wax Center Inc expected to post earnings of 5 cents a share - Earnings Preview
European Wax Center Inc EWCZ.OQ EWCZ.O is expected to show a fall in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The Plano Texas-based company is expected to report a 4.2% decrease in revenue to $49.7 million from $51.87 million a year ago, according to t...Reuters
Mon, May 12
Other
Creative Realities Inc expected to post a loss of 15 cents a share - Earnings Preview
Creative Realities Inc CREX.OQ CREX.O is expected to show a fall in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The Louisville Kentucky-based company is expected to report a 12.2% decrease in revenue to $10.786 million from $12.29 million a year ago, acco...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 stock futures leap Dollar jumps 2% against Japanese yen, Swiss franc tumblesGold drops sharply after stunning rally, government bonds weak By Naomi Rovnick LONDON, May 12 (Reuters) - Global shares rallied, while gold and safe...Reuters
Mon, May 12
Other
PDS Biotechnology Corp expected to post a loss of 25 cents a share - Earnings Preview
PDS Biotechnology Corp PDSB.OQ PDSB.O is expected to show no change in quarterly revenue when it reports results on May 14 for the period ending March 31 2025LSEG's mean analyst estimate for PDS Biotechnology Corp is for a loss of 25 cents per share. The current average analyst rating on the s...Reuters
Mon, May 12
Other
Gaza population faces critical risk of famine, global hunger monitor says
IPC sees 'high risk' of famine occurring by end of SeptemberIsraeli spokesperson says there's no famine as Israel had sought to get more aid in, blames 'engineered crisis' on HamasFAO's Bechdol highlights dramatic deterioration in Gaza's food security BEIRUT, May 12 (R...Reuters
Mon, May 12
Other
LeddarTech Holdings Inc. expected to post a loss of 39 cents a share - Earnings Preview
LeddarTech Holdings Inc. LDTC.OQ LDTC.O is expected to show a fall in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The Quebec City Quebec-based company is expected to report a 34.4% decrease in revenue to C$1.218 million from C$1.86 million a year ago, acc...Reuters
Mon, May 12
Other
Knightscope Inc expected to post a loss of $1.40 a share - Earnings Preview
Knightscope Inc KSCP.OQ KSCP.O is expected to show a rise in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The Mountain View California-based company is expected to report a 10.3% increase in revenue to $2.486 million from $2.25 million a year ago, accordin...Reuters
Mon, May 12
Other
Deals of the day-Mergers and acquisitions
May 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** China's Ant Group will sell a 4% stake in Indian payments firm Paytm for $242 million, a term sheet seen by Reuters showed.nL4N3RK0YL ** DanoneReuters
Mon, May 12
Stocks
US STOCKS SNAPSHOT-Wall St surges at open as US, China slash tariffs
May 12 (Reuters) - Wall Street's main indexes opened sharply higher on Monday as the United States and China reached a deal to reduce tariffs, signaling a truce in a punishing trade war that had kept markets on edge for weeks.The Dow Jones Industrial Average .DJI rose 649.7 points, or 1.57%, at ...Reuters
Mon, May 12
Other
Saudi crown prince launches new company to develop AI technologies
By Tala Ramadan and Jana Choukeir DUBAI, May 12 (Reuters) - Crown Prince Mohammed bin Salman launched a new company to develop and manage artificial intelligence technologies in Saudi Arabia on Monday, a top priority of its economic diversification drive. U.S. President Donald Trump trave...Reuters
Mon, May 12
Stocks
Surgery Partners Inc reports results for the quarter ended March 31 - Earnings Summary
Surgery Partners Inc SGRY.OQ reported quarterly adjusted earnings of 4 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 10 cents. The mean expectation of twelve analysts for the quarter was for earnings of 5 cents per share. W...Reuters
Mon, May 12
Stocks
CANADA STOCKS-TSX opens higher after US-China tariff agreement
May 12 (Reuters) - Canada's main stock index opened higher on Monday, as the United States and China reached a deal to reduce tariffs, bolstering investor optimism and easing fears of an all-out trade war unsettling global markets.At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&am...Reuters
Mon, May 12
Stocks
Avalo Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Avalo Therapeutics Inc AVTX.OQ reported a quarterly adjusted loss of $1.25 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-141.00. The mean expectation of seven analysts for the quarter was for a loss of $1.39 per share. Wall St...Reuters
Mon, May 12
