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Smith Douglas Homes Corp expected to post earnings of 29 cents a share - Earnings Preview
Smith Douglas Homes Corp SDHC.N, SDHC.K is expected to show a rise in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The Woodstock Georgia-based company is expected to report a 13.4% increase in revenue to $214.564 million from $189.21 million a year ago, ac...Reuters
Mon, May 12
Other
HUB Secures Minority Investment Valued At $29 Billion Valuation
May 12 (Reuters) - HUB International Ltd [RIC:RIC:HBINT.UL]:HUB SECURES SIGNIFICANT MINORITY INVESTMENT AND REACHES NEW MILESTONE WITH $29 BILLION VALUATIONHUB INTERNATIONAL LTD - SECURES $1.6 BILLION MINORITY INVESTMENT, VALUED AT $29 BILLIONHUB INTERNATIONAL LTD - INVESTMENT LED BY T. ROWE PRICE, ...Reuters
Mon, May 12
Other
Elon Musk invited to Saudi-US investment forum in Riyadh, planning note says
WASHINGTON, May 12 (Reuters) - Elon Musk has been invited to attend a Saudi-U.S. investment forum in Riyadh on Tuesday on the sidelines of U.S. President Donald Trump's visit to the Middle East, according to a planning note seen by Reuters.The visit is expected to be a lavish affair accompanied ...Reuters
Mon, May 12
Economic Indicator
Markets pare bets on Fed rate cuts following U.S.-China tariff delay
By Howard Schneider WASHINGTON, May 12 (Reuters) - Investors trimmed bets on Federal Reserve rate cuts following the announcement of a delay of the most punitive tariffs imposed in the Trump administration's trade battle with China, with an initial rate reduction now not seen until September ...Reuters
Mon, May 12
Other
Lucid Diagnostics Inc expected to post a loss of 16 cents a share - Earnings Preview
Lucid Diagnostics Inc LUCD.OQ LUCD.O is expected to show a rise in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The New York City-based company is expected to report a 28.2% increase in revenue to $1.283 million from $1 million a year ago, according to the...Reuters
Mon, May 12
Other
Nations meet at UN for 'killer robot' talks as regulation lags
UN aims to regulate AI weapons by 2026, consensus lackingMajor powers resist binding rules, prefer national guidelinesExperts warn of arms race, accountability issues with AI weaponsBy Olivia Le Poidevin GENEVA, May 12 (Reuters) - Countries are meeting at the United Nations on Monday to revive ef...Reuters
Mon, May 12
Forex
Economists say Brazil's monetary tightening cycle is over, survey shows
BRASILIA/SAO PAULO, May 12 (Reuters) - Brazilian economists believe the aggressive monetary tightening cycle in Latin America's largest economy has come to an end, a weekly central bank survey showed on Monday. The median forecast points to central bank's key interest rate being he...Reuters
Mon, May 12
Stocks
US credit card firms rise as US-China trade war de-escalates
** Shares of U.S. credit card firms rise premarket, as investors welcome the temporary slashing of tariffs by the world's two biggest economies, signaling de-escalation of a trade war that has stoked fears of recession and roiled financial markets** Shares of American Express AXP.N rise 3.9%, Vi...Reuters
Mon, May 12
Other
Advanced Flower Capital Inc expected to post earnings of 25 cents a share - Earnings Preview
Advanced Flower Capital Inc AFCG.OQ AFCG.O is expected to show a fall in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The West Palm Beach Florida-based company is expected to report a 48.5% decrease in revenue to $7.607 million from $14.76 million a year a...Reuters
Mon, May 12
Commodities
CBOT Trends-Wheat steady-down 1 cent, corn up 4-6, soybeans up 16-20
CHICAGO, May 12 (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 Monday.WHEAT - Steady to down 1 cent per bushel* CBOT wheat futures fell on weak export demand, according to analysts, and ...Reuters
Mon, May 12
Economic Indicator
JPMorgan lifts China growth forecasts after 'surprisingly positive' US deal
LONDON, May 12 (Reuters) - Investment bank JPMorgan lifted its forecasts for China's economic growth on Monday following what it called a "surprisingly positive" deal with the United States to dial down the two countries' trade war.The U.S. will cut extra tariffs it imposed on Chines...Reuters
Mon, May 12
Other
Scholar Rock Holding Corp expected to post a loss of 66 cents a share - Earnings Preview
Scholar Rock Holding Corp SRRK.OQ SRRK.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 Scholar Rock Holding Corp is for a loss of 66 cents per share. The current average analyst rating on...Reuters
Mon, May 12
Other
Exclusive: Revau launches platform for US expansion with Brazos and Twenty Mile deals
By David BullMay 12 - (The Insurer) - Novacap's Canadian MGA business Revau has entered the U.S. with a deal to merge trucking specialist Brazos Specialty Risk Insurance and construction-focused Twenty Mile Insurance Services into its newly formed Revau Advanced Underwriting (RAU) platform.Sourc...Reuters
Mon, May 12
Other
EXPLAINER-What to know about the Sean 'Diddy' Combs sex trafficking trial
By Jack Queen May 12 (Reuters) - Sean "Diddy" Combs, the rapper and music mogul who discovered world-famous artists and helped bring the genre into the mainstream, went on trial in New York on Monday on charges that he ran a two-decade racketeering and sex trafficking conspiracy. Combs, 5...Reuters
Mon, May 12
Other
Sanara Medtech Inc expected to post a loss of 50 cents a share - Earnings Preview
Sanara Medtech Inc SMTI.OQ SMTI.O is expected to show a rise in quarterly revenue when it reports results on May 14 for the period ending March 31 2025The Fort Worth Texas-based company is expected to report a 26.6% increase in revenue to $23.475 million from $18.54 million a year ago, according t...Reuters
Mon, May 12
