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Merz, Trump agree on need to resolve trade disputes, Germany says
By Sarah Marsh BERLIN, May 8 (Reuters) - Germany's new chancellor, Friedrich Merz, and U.S. President Donald Trump agreed on the need to quickly resolve trade disputes in their first phone call since Merz took office earlier this week, a German government spokesperson said.Trump congratulated...Reuters
Thu, May 8
Cryptocurrencies
Celsius founder Alex Mashinsky gets 12 years prison for crypto fraud
By Jonathan Stempel NEW YORK, May 8 (Reuters) - Alex Mashinsky, the founder and former chief executive of bankruptcy cryptocurrency lender Celsius Network, was sentenced on Thursday to 12 years in prison after pleading guilty in December to securities fraud and commodities fraud.Mashinsky'...Reuters
Thu, May 8
Stocks
Tectonic Therapeutic Inc reports results for the quarter ended March 31 - Earnings Summary
Tectonic Therapeutic Inc TECX.OQ reported a quarterly adjusted loss of 93 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.80. The mean expectation of four analysts for the quarter was for a loss of $1.09 per share. Wall ...Reuters
Thu, May 8
Cryptocurrencies
CORRECTED-Coinbase quarterly profit falls on higher expenses
May 8 (Reuters) - Crypto exchange Coinbase COIN.O reported a drop in first-quarter profit on Thursday as costs rose. The company earned adjusted net income of $526.6 million, or $1.94 per share, for the three months ended March 31, compared with $679.2 million, or $2.53 per share, a year earlier.Reuters
Thu, May 8
Commodities
UK, US have 'more serious work to do' on trade, British official says
WASHINGTON, May 8 (Reuters) - The United States and the United Kingdom have more serious work to do on liberalizing trade, a British official said on Thursday, after the two allies announced a limited bilateral trade deal that leaves in place U.S. President Donald Trump's 10% tariffs on British ...Reuters
Thu, May 8
Stocks
Akamai Technologies forecasts 2025 results above estimates on security segment strength
May 8 (Reuters) - Akamai Technologies AKAM.O on Thursday forecast annual results above estimates following an upbeat first quarter, helped by steady demand for its cybersecurity and cloud services.The company is seeing strong momentum in its security and compute verticals, as enterprises ramp up inv...Reuters
Thu, May 8
Stocks
4D Molecular Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
4D Molecular Therapeutics Inc FDMT.OQ reported a quarterly adjusted loss of 86 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -66 cents. The mean expectation of nine analysts for the quarter was for a loss of 86 cents per sh...Reuters
Thu, May 8
Stocks
Trade Desk beats first-quarter results estimates on strong demand for ad tech
May 8 (Reuters) - The Trade Desk TTD.O on Thursday posted first-quarter revenue and profit above analysts' estimates, aided by strong demand for automated ad-buying technologies, sending it shares up 14% in extended trading.The ad firm's strong results come at a time when businesses are redu...Reuters
Thu, May 8
Other
King Charles calls for global peace as UK marks 80th anniversary of VE Day
King Charles and Prince William lay wreaths at Westminster AbbeyFrench and German leaders hold separate VE Day commemorationsRoyals attend concert at Horse Guards Parade LONDON, May 8 (Reuters) - Britain's King Charles said on Thursday the world had a duty to commit to seeking lasting peace ...Reuters
Thu, May 8
Other
US commerce chief says dozens of trade deals to be rolled out over next month
WASHINGTON, May 8 (Reuters) - U.S. Commerce Secretary Howard Lutnick told CNBC on Thursday that Washington will roll out dozens of trade deals over the next month and that it aimed to de-escalate with China in the upcoming talks.When asked about reporting that President Donald Trump urged a raise in...Reuters
Thu, May 8
Other
Barbie maker Mattel taps Kenvue's Paul Ruh as CFO
May 8 (Reuters) - Mattel MAT.O on Thursday named consumer health giant Kenvue's KVUE.N Paul Ruh as CFO, replacing Anthony DiSilvestro.Ruh was the finance chief of the Tylenol maker following its spinoff from drug and medical device maker Johnson & Johnson JNJ.N in 2023. He was replaced by Ke...Reuters
Thu, May 8
Commodities
EXCLUSIVE-Kraft Heinz asks coffee suppliers for 60 days' notice for tariff hikes
Kraft Heinz asks coffee suppliers for 60 days' notice for price hikes from tariffsAsks suppliers to reverse price hikes if tariffs are removedHopes coffee suppliers work with it to mitigate tariff impactBy May Angel and Jessica DiNapoli LONDON/NEW YORK, May 8 (Reuters) - Food maker Kraft Hein...Reuters
Thu, May 8
Stocks
Janux Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Janux Therapeutics Inc JANX.OQ reported a quarterly adjusted loss of 38 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -30 cents. The mean expectation of ten analysts for the quarter was for a loss of 39 cents per share. Wal...Reuters
Thu, May 8
Other
Inside Debt - May 8
To access a PDF version of this newsletter, please click here You can read Inside Debt via TOPNEWS Fixed Income page.If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/Inside-Debt-Subscription-page For an index of our newsletters click ...Reuters
Thu, May 8
Other
THE DAY AHEAD-North America, May 9
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page. If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-page For Morning News Call U.S. -- a...Reuters
Thu, May 8
Other
Column: In Delaware Chancery Court, Tucker the goldendoodle has his day
By Jenna Greene May 8 (Reuters) - A Delaware Chancery Court judge is indeed a rarified jurist, ruling on the intricacies of billion-dollar deals and high-stakes shareholder challenges. Also, a goldendoodle named Tucker.The post-breakup fight over custody of the Very Good Boy by his two co-owners ...Reuters
Thu, May 8
Stocks
Kemper’s Lacher plays down possible tariffs impact on auto-heavy book
By Chris MunroMay 8 - (The Insurer) - Kemper Corporation chief Joseph Lacher has sought to allay concerns about possible impacts on the company’s auto-heavy portfolio from President Donald Trump’s trade policy and insisted the tariffs will not materially affect earnings.Discussing the Chicago, Illin...Reuters
Thu, May 8
Other
Ransomware group Lockbit appears to have been hacked, analysts say
By Raphael Satter WASHINGTON, May 8 (Reuters) - The ransom-seeking cybercriminals behind the extortion group Lockbit appear to have suffered a breach of their own, according to a rogue post to one of the group's websites and security analysts who follow the gang.On Wednesday one of Lockbit...Reuters
Thu, May 8
Commodities
US Cash Crude-Grades weaken as WTI/Brent spread narrows to most since March
May 8 (Reuters) - U.S. cash crude differentials largely weakened on Thursday, dealers said, as U.S. crude's discount to the international benchmark Brent narrowed. U.S. crude futures' discount to Brent narrowed to as much as $3.28 a barrel on Thursday, the narrowest since March 31. A narrowe...Reuters
Thu, May 8
