News
Important Only
Commodities
US House passes bill on Trump's Gulf of America
WASHINGTON, May 8 (Reuters) - The Republican-controlled U.S. House of Representatives on Thursday passed a bill to formally change the name of the Gulf of Mexico to the Gulf of America, following President Donald Trump's executive order, though the measure is unlikely to succeed in the Senate.Th...Reuters
Thu, May 8
Other
Yemenia Airways aircraft destroyed in Israeli strikes on Sanaa Airport uninsured
By Michael Jones May 8 - (The Insurer) - Yemenia Airways aircraft that were destroyed as part of the Israeli military’s airstrike on Sanaa International Airport in Yemen on Tuesday were uninsured, four senior aviation market sources told The Insurer.The Israeli military carried out an airstrike o...Reuters
Thu, May 8
Cryptocurrencies
XRP Price Prediction, Dogecoin ETF Update & Why Crypto To Fiat Payments Are Set To Change Forever
XRP and Dogecoin are once again attracting attention in the market, but for different reasons. While the latest XRP price prediction is making bold claims of a breakout to $3, Dogecoin flirts with short-term resistance amid ETF bullish hype. Meanwhile, a new contender, Remittix has entered the conversation. This utility-driven token is quickly gaining attention […]Cryptopolitan
Thu, May 8
Other
Patrick Tiernan: Who is the new Lloyd’s CEO?
By Ryan Hewlett, Rebecca DelaneyMay 8 - (The Insurer) – Lloyd’s on Thursday confirmed insider Patrick Tiernan will be its next CEO. While Tiernan is no stranger to Lime Street, The Insurer takes a closer look into the man set to take the helm of the global marketplace.The appointment, which will see...Reuters
Thu, May 8
Other
Trump urged Speaker Johnson to raise top tax rate, Punchbowl reports
WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump privately urged House Speaker Mike Johnson during a phone call on Wednesday to raise the top tax rate and close the carried interest loophole, Punchbowl News reported on Thursday.Reuters
Thu, May 8
Other
BREAKINGVIEWS-Buyout barons struggle to heed Buffett doctrine
By Jonathan Guilford NEW YORK, May 8 (Reuters Breakingviews) - As Warren Buffett steps back, some of the world’s biggest money managers will try to keep building on his legacy. They already ape the outgoing Berkshire Hathaway BRKa.N CEO’s best idea, tapping insurance funds to invest. The harder ...Reuters
Thu, May 8
Cryptocurrencies
Coinbase acquires options broker Deribit in sweeping $2.9 billion deal
Crypto exchange Coinbase revealed that it is acquiring options broker Deribit for approximately $2.9 billion, comprising $700 million in cash and 11 million shares of Coinbase Class A common stock, subject to customary purchase price adjustments.
Forex
Bitcoin retakes $100,000 on global trade deal optimism
By Gertrude Chavez-Dreyfuss and Tommy Reggiori Wilkes NEW YORK/LONDON, May 8 (Reuters) - Bitcoin topped $100,000 on Thursday for the first time since early February, bolstered by a wide-ranging deal between the United States and the United Kingdom in a sign that perhaps U.S. President Donald Trum...Reuters
Thu, May 8
Stocks
Hippo Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Hippo Holdings Inc HIPO.N reported a quarterly adjusted loss of $1.91 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $-1.47. The mean expectation of four analysts for the quarter was for a loss of $1.58 per share. Wall Street expe...Reuters
Thu, May 8
Stocks
Helmerich and Payne Inc reports results for the quarter ended March 31 - Earnings Summary
Helmerich and Payne Inc HP.N 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 84 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 68 cents per share....Reuters
Thu, May 8
Stocks
LIVE MARKETS-As tariff uncertainties weigh, BarCap favors value and yield stocks
Main indexes all up ~1.5% or more; Trump announces UK trade dealIndustrials lead S&P 500 sector gainers; Healthcare sole loserDollar advances; crude up >3%; gold down >1.5%Bitcoin rallies >4.5%; above $100k for first time since Feb 7US 10-Year Treasury yield rises to ~4.36%Welcome to th...Reuters
Thu, May 8
Indices
Dow Jones Industrial Average lurches higher on US-UK trade deal announcement
The Dow Jones Industrial Average (DJIA) gained ground on Thursday, climbing over 650 points or 1.6% after the Trump administration announced an incoming (but still not signed) trade deal with the United Kingdom (UK).Fxstreet
Thu, May 8
Other
London market welcomes Tiernan appointment
By Rebecca DelaneyMay 8 - (The Insurer) - Market participants reacted positively to the news of Patrick Tiernan's appointment as CEO of Lloyd's on Thursday, with the Lloyd's Market Association (LMA) calling for the Corporation's new leadership to maintain "ruthless discipline"...Reuters
Thu, May 8
Economic Indicator
Canadian financial system stable, but trade war poses big risks, says central bank
By Promit Mukherjee and David Ljunggren OTTAWA, May 8 (Reuters) - A prolonged trade war could increase the risks to Canadian financial stability by hurting banks and other institutions and by making it harder for households and businesses to pay down debt, the Bank of Canada said on Thursday.In i...Reuters
Thu, May 8
Other
EXPLAINER-Republicans weigh cuts to Medicaid that could dramatically affect millions
Republicans eye significant cuts to health program that covers 71 million AmericansConsidering work requirements, excluding immigrants, reducing federal share of costsSupporters for the Obamacare Medicaid expansion say it has led to the lowest uninsured rate in U.S. historyBy Andy Sullivan WASHIN...Reuters
Thu, May 8
Forex
EUR/GBP Price Analysis: Euro weakens near 0.8500 as short-term signals turn negative
The EUR/GBP pair drifted lower on Thursday, trading near the 0.8500 zone after the European session and settling within the middle of the day’s range. The decline reflects growing bearish sentiment in the short term, with technical signals tilting to the downside.
Fxstreet
Thu, May 8
Other
Rock group The Who to say goodbye with North America tour
LONDON, May 8 (Reuters) - Legendary rock band The Who announced their final tour of North America on Thursday, saying after six decades of making music, all good things must come to end. Famous for hit songs including "Baba O'Riley," "My Generation," and "Behind Blue Eyes,...Reuters
Thu, May 8
Other
US CBP: Wild-Caught Shrimp From Peru Exported After June 1 Will Be Prohibited From Being Imported Into US
May 8 (Reuters) - U.S. CUSTOMS BULLETIN: WILD-CAUGHT SHRIMP FROM PERU WITH DATE OF EXPORT JUNE 1, 2025, AND AFTER, AND PRODUCTS FROM THAT SHRIMP, WILL BE PROHIBITED FROM IMPORT INTO THE U.S.Source text: https://tinyurl.com/4s53b6p2Reuters
Thu, May 8
