News
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Stocks
Wolfspeed sees 2026 revenue below estimates; shares slump
May 8 (Reuters) - Chipmaker Wolfspeed WOLF.N forecast 2026 revenue below Wall Street estimates and reported a 7% decline in third-quarter revenue on Thursday, sending its shares down 11% in extended trading.The company, which manufactures chips using silicon carbide, a more energy-efficient material...Reuters
Thu, May 8
Other
Amazon, Apple seek legal fees as sanction in US consumer lawsuit
By David Thomas and Mike Scarcella May 8 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please send tips or suggestions to D.Thomas@thomsonreuters.com)Apple and Amazon have asked for a combined $223,000 in sanctions against a prominent class action law firm, accus...Reuters
Thu, May 8
Other
US wants to spend billions to revamp aging air-traffic control system
Airlines say at least $31 billion is neededTrump administration wants billions for new radar, equipment, facilitiesCongress is expected to decide total funding in coming monthsBy David Shepardson WASHINGTON, May 8 (Reuters) - U.S. Transportation Secretary Sean Duffy unveiled a plan on Thursday to...Reuters
Thu, May 8
Commodities
LIVESTOCK-CME cattle higher as grilling season ramps up
By Heather Schlitz CHICAGO, May 8 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle rose on Thursday, as demand surged ahead of Mother's Day and the start of grilling season, analysts said.A tight cattle supply and strong demand from consumers and retailers has propelled c...Reuters
Thu, May 8
Stocks
Sana Biotechnology Inc reports results for the quarter ended March 31 - Earnings Summary
Sana Biotechnology Inc SANA.OQ reported a quarterly adjusted loss of 21 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -49 cents. The mean expectation of seven analysts for the quarter was for a loss of 23 cents per share. ...Reuters
Thu, May 8
Stocks
ONE Gas slips after announcing stock offering
** Shares of ONE Gas OGS.N down 1% in extended trading to $78.90 after equity offering news** Tulsa, Oklahoma-based natural gas utility announces 2 mln share offering** Co enters into forward sale agreement with sole underwriter JP Morgan ** Upon settlement of forward sale agreement, expected to oc...Reuters
Thu, May 8
Commodities
Citgo posts $82 million loss in Q1 amid weak margins
Crude utilization falls to 95% in Q1 from 98% in Q4Liquidity down to $2.1 bln from $3.8 bln in previous quarterFirst quarter was second period of consecutive lossBy Marianna Parraga HOUSTON, May 8 (Reuters) - Venezuela-owned refiner Citgo Petroleum registered an $82 million net loss in the first ...Reuters
Thu, May 8
Economic Indicator
Air Canada first-quarter loss widens as passengers skip US travel
MONTREAL, May 8 (Reuters) - Air Canada AC.TO reported a wider first-quarter loss on Thursday, owing to weaker passenger traffic to its key U.S. market amid strained trade relations between the two countries.The country's largest carrier reported a first-quarter adjusted loss of C$0.45 per share ...Reuters
Thu, May 8
Other
Sun Life Financial profit rises on growth in Asia, wealth management
May 8 (Reuters) - Sun Life Financial SLF.TO on Thursday reported a rise in first-quarter profit, as the life insurer was helped by strength in its Asian markets and wealth management business. The company's net income was C$928 million ($666.9 million), or C$1.62 per share, for the three months ...Reuters
Thu, May 8
Economic Indicator
Mexican Peso strengthens on inflation spike, post US-UK trade deal
The Mexican Peso advanced on Thursday against the Greenback as prices in Mexico accelerated near the top of Banco de Mexico’s (Banxico) inflation tolerance range. Additionally, an improvement in risk appetite due to the US/UK trade deal increased Peso’s appeal.
Fxstreet
Thu, May 8
Other
Southwest lawyers don't need 'religious liberty training,' US appeals court says
By Daniel Wiessner May 8 (Reuters) - A U.S. appeals court on Thursday said a federal judge in Texas lacked the power to order in-house lawyers at Southwest Airlines to attend "religious liberty training" after a flight attendant won a religious discrimination lawsuit.A unanimous three-jud...Reuters
Thu, May 8
Other
Pope who? Election of first US pontiff stuns St. Peter's crowd
Americans in St. Peter's square ecstatic over news of US pontiffMany in crowd of 100,00 did not realize first U.S. pope had been electedCrowd fell silent initially, but warmed to new pope when he appeared on balconyBy Angelo Amante and Philip PullellaVATICAN CITY, May 8 (Reuters) - When Cardinal...Reuters
Thu, May 8
Commodities
Mexico's Pemex plans to reopen wells to boost declining production, documents and sources show
MEXICO CITY, May 8 (Reuters) - Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining production, according to two documents and four sources, as it struggles to reach an ambitious government target.Earlier this week, Pemex said i...Reuters
Thu, May 8
Other
US says solution for Gaza aid is 'steps away' as aid groups raise alarm
By Simon Lewis, Daphne Psaledakis and David BrunnstromWASHINGTON, May 8 (Reuters) - The U.S. State Department said on Thursday a solution to be able to deliver food aid to Gaza was "steps away" and an announcement was coming shortly, as the aid community expressed skepticism that the plan wo...Reuters
Thu, May 8
Commodities
MP Materials swings to quarterly loss on rising production costs
May 8 (Reuters) - U.S. rare earths producer MP Materials MP.N said on Thursday that it swung to a first-quarter loss due in part to rising production costs and interest expenses, though results met investors' expectations. The results are the first since the Las Vegas-based company said last ...Reuters
Thu, May 8
Other
Trump urged US House Speaker Johnson to raise top tax rate, sources say
Trump suggests raising top tax rate to 39.6% for high earners, two sources sayRepublicans face pressure from MAGA base to tax the wealthyHouse Republicans struggle with spending cuts to offset tax changesBy David Morgan and Steve Holland WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump p...Reuters
Thu, May 8
Stocks
Pliant Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Pliant Therapeutics Inc PLRX.OQ reported a quarterly adjusted loss of 92 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -78 cents. The mean expectation of twelve analysts for the quarter was for a loss of 72 cents per share....Reuters
Thu, May 8
Commodities
Nutrien paints bullish fertilizer industry picture despite poor Q1 results
Nutrien sees strong global fertilizer demand despite trade warsWeather delays and high energy costs impacted Q1 earningsAnalyst sees potential struggles due to low corn profitabilityBy Ed White WINNIPEG, Manitoba, May 8 (Reuters) - Nutrien NTR.TO offered a bullish outlook for the 2025 global fert...Reuters
Thu, May 8
Other
Federal Realty lifts annual FFO forecast on strong leasing demand
May 8 (Reuters) - Federal Realty Investment Trust FRT.N beat first-quarter expectations for funds from operations (FFO) and raised its annual FFO forecast on Thursday, helped by resilient demand for its grocery-anchored commercial retail spaces.With the supply of rental spaces shrinking, commercial ...Reuters
Thu, May 8
Other
Soccer-Man United reach Europa League final after dispatching Athletic Bilbao
By Lori EwingMANCHESTER, England, May 8 (Reuters) - Manchester United booked their berth in the Europa League final after a 4-1 semi-final win Athletic Bilbao on Thursday, with Mason Mount scoring twice to hand the hosts a 7-1 aggregate win and a chance for the beleaguered team to hoist some silver...Reuters
Thu, May 8
