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China's foreign minister meets counterparts from Venezuela, Peru, Uruguay and Cuba
BEIJING, May 12 (Reuters) - China's foreign minister on Monday met with his counterparts from Venezuela, Peru, Uruguay and Cuba in Beijing, statements released by China's foreign ministry said.China is willing to work with countries in the Global South to safeguard multilateralism and free t...Reuters
Mon, May 12
Other
'Magnificent Seven' stocks rise as US-China trade deal boosts market confidence
** The "Magnificent Seven" group of megacap stocks up in premarket trading after the United States and China reached a deal to cut down reciprocal tariffs** Tesla TSLA.O leading gains with a 7% climb, while Nvidia NVDA.O up 4.5%; Meta Platforms META.O and Amazon.com AMZN.O rise between 5% an...Reuters
Mon, May 12
Stocks
What Will Berkshire Hathaway Look Like Without Warren Buffett? Here's What Charlie Munger Predicted 10 Years Ago.
With Warren Buffett's stunning announcement that he will retire by the end of the year, investors are wondering what's in store for Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Vice Chairman Greg Abel is taking over, but will Berkshire Hathaway be the same?A decade ago, Charlie Munger, Buffett's d...The Motley Fool
Mon, May 12
Stocks
Vipshop to Announce First Quarter 2025 Financial Results on May 20, 2025
GUANGZHOU, China, May 12, 2025 /PRNewswire/ -- Vipshop Holdings Limited (NYSE: VIPS), a leading online discount retailer for brands in China ("Vipshop" or the "Company"), today announced that it plans to release its first quarter 2025 financial results on Tuesday, May 20, 2025, b...PR Newswire
Mon, May 12
Other
Rokstone adds Bishop to UK and Ireland casualty team
By Navneeta NandanMay 12 - (The Insurer) - Aventum Group-owned Rokstone has appointed Matt Bishop as class underwriter for its newly launched UK and Ireland casualty division, the company said on Monday.Bishop is the latest underwriter to join Rokstone from Convex and will link up with former collea...Reuters
Mon, May 12
Other
Willis launches Lloyd's backed FinTech Plus
By Michael JonesMay 12 - (The Insurer) - Willis has launched FinTech Plus, a Lloyd's-backed global insurance solution aimed to address the financial risk landscape for FinTech firms, the company said on Monday.This global solution now includes options for comprehensive cyber protection, which Wi...Reuters
Mon, May 12
Stocks
Billionaire Chase Coleman Has 68% of His $24.5 Billion Portfolio Invested in 10 Stocks. Here's the Best of the Bunch.
At age 49, Chase Coleman III is relatively young to be one of the wealthiest people on the planet. But his net worth of $6 billion landed him at No. 581 on Forbes' 2025 ranking of the world's billionaires. Coleman manages even more money than that $6 billion figure. His Tiger Global Management watch...The Motley Fool
Mon, May 12
Stocks
Wondering if Pfizer's 7.6% Dividend Yield Is Sustainable? Here's What You Need to Know.
Income investors have liked Pfizer (NYSE: PFE) for years. However, the big drugmaker's exceptionally juicy dividend these days has made its stock even more attractive.But when a dividend yield reaches ultrahigh levels, investors can feel a heightened level of uncertainty. Wondering if Pfizer's 7.6% ...The Motley Fool
Mon, May 12
Stocks
US STOCKS-US stock futures jump as US-China trade stand-off thaws
Futures advance: Dow 1.99%, S&P 500 2.5%, Nasdaq 3.31% May 12 (Reuters) - U.S. stock index futures jumped on Monday after the United States and China said they had reached a deal to reduce tariffs, easing concerns of an all-out trade war that had gripped global markets. Speaking after talks ...Reuters
Mon, May 12
Stocks
Is Meta Platforms a Better "Magnificent Seven" Stock to Buy Right Now Than Apple?
Sometimes adjectives lose their zing. That might appear to be the case this year when a certain description is used for some of the biggest companies on the planet. Most of the so-called "Magnificent Seven" stocks aren't so magnificent anymore.However, just because these stocks aren't flying as high...The Motley Fool
Mon, May 12
Stocks
U.S.-China Tariff Deal Exceeds Expectations, Risk Assets Rally in Major Reversal! Nasdaq Futures Up 3%, Hong Kong Stocks Jump 6%, Oil Rises 3%, Gold..
TradingKey – Following high-level economic and trade talks, both China and the United States announced "substantial progress" in their negotiations. According to a joint statement released on May 12, China will cut its tariffs on U.S. goods from 125% to 10%, while the U.S. will reduce tariffs on...
TradingKey
Mon, May 12
Other
Pro-Kurdish DEM Party calls for legal framework for PKK process
ANKARA, May 12 (Reuters) - The decision by the Kurdistan Workers Party (PKK) militant group to dissolve has opened the door to a new era but the process requires a legal framework, senior pro-Kurdish DEM Party official Gulistan Kilic Kocyigit told Reuters on Monday."Steps must be taken to build ...Reuters
Mon, May 12
Stocks
President Trump Just Walked Back Another Social Security Change -- and It's a Small Victory for Seniors
The first few months of President Donald Trump's second term have brought a flurry of Social Security changes that may have left you feeling anxious and a little confused. So far, most of the changes he's made are procedural, affecting things like how you verify your identity when you call the Socia...The Motley Fool
Mon, May 12
Other
Tessenderlo Group, Darling Ingredients To Form New Company Nextida
May 12 (Reuters) - Tessenderlo Group NV TESB.BR:TESSENDERLO GROUP, DARLING INGREDIENTS AGREE TOFORM NEW COMPANY NEXTIDATO CREATE $1.5 BLN ANNUAL REVENUE COMPANY IN COLLAGEN-BASED HEALTH, NUTRITION, FOOD SECTORSCOMPANY TO BE 15% OWNED BY TESSENDERLO GROUP, 85% OWNED, CONSOLIDATED BY DARLING INGREDIEN...Reuters
Mon, May 12
Forex
Bank of England's Lombardelli says caution still needed over inflation risks
LONDON, May 12 (Reuters) - Bank of England Deputy Governor Clare Lombardelli said on Monday that there were signs that inflation pressures in Britain would continue to weaken but she was still cautious and would wait for evidence of the slowdown. "Caution remains appropriate. I’ll be more c...Reuters
Mon, May 12
Stocks
Better Artificial Intelligence Stock: IonQ vs. Palantir Technologies
There's no shortage of tech companies focusing on artificial intelligence (AI) these days, but two companies that have attracted significant attention from investors are IonQ (NYSE: IONQ) and Palantir Technologies (NASDAQ: PLTR).IonQ's share price has rocketed 264% higher over the past year, and Pal...The Motley Fool
Mon, May 12
Commodities
Japan's Eneos to ramp up investment in LNG, SAF while slowing hydrogen
By Yuka ObayashiTOKYO, May 12 (Reuters) - Japan's top oil refiner, Eneos Holdings, plans to increase investment in low-carbon energy such as liquefied natural gas and sustainable aviation fuel, while slowing efforts in cleaner alternatives like hydrogen, its CEO said on Monday.Under a new three-...Reuters
Mon, May 12
