News
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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
Other
Scotch Whisky Association: UK-US trade deal is clear sign intensive efforts by UK government are bearing fruit
May 8 (Reuters) - SCOTCH WHISKY ASSOCIATION: UK-US TRADE DEAL IS CLEAR SIGN INTENSIVE EFFORTS BY THE UK GOVERNMENT ARE BEARING FRUITSCOTCH WHISKY ASSOCIATION: SUPPORTS PRAGMATIC APPROACH SO SCOTCH CAN RETURN TO ZERO-FOR-ZERO TARIFFS WITH US WHISKEY INDUSTRY AS SOON AS POSSIBLESource text: [ID:]Furth...Reuters
Thu, May 8
Other
US aims to fast track foreign investment process, Treasury says
WASHINGTON, May 8 (Reuters) - The U.S. Department of Treasury on Thursday said it will set up a fast track process to encourage more foreign investment in American businesses, including a new portal for known investors that allows U.S. regulators to collect needed information.Reuters
Thu, May 8
Stocks
Symbotic Inc reports results for the quarter ended March 31 - Earnings Summary
Symbotic Inc SYM.OQ reported a quarterly adjusted loss of 1 cent per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 5 cents per share. Wall Street...Reuters
Thu, May 8
Other
QUOTES-Bill Gates speaks about plan to give away $200 billion to world's poor
LONDON, May 8 (Reuters) - Bill Gates pledged on Thursday to give away some $200 billion to the world's poorest people in the next two decades.The 69-year-old billionaire co-founder of Microsoft spoke to Reuters shortly after announcing his decision to accelerate donations through his foundation ...Reuters
Thu, May 8
Stocks
Krispy Kreme plunges to record low on annual forecast withdrawal
** Shares of doughnut chain Krispy Kreme DNUT.O tumbles as much as 30.3% to $3.02, hitting their lowest levels ever** Company withdraws fiscal 2025 forecasts due to macroeconomic softness and uncertainty around the McDonald's deployment schedule** Stock set for its worst day on record** DNUT say...Reuters
Thu, May 8
Stocks
Crypto stocks rise as bitcoin surpasses $100,000 on trade deal hopes
** Shares of cryptocurrency and blockchain-related firms rise on Weds as bitcoin tops $100,000 for the first time in three months** Bitcoin BTC=, world's biggest cryptocurrency, up 4.3% to $100,958, after climbing as high as $101,531** Ether ETH= pops 14% to $2,050** Major equity indexes rally, ...Reuters
Thu, May 8
Commodities
Wind energy firm EDPR sees core recurring profit rising 13% in 2025
EDPR profit fell 24% in first quarter due to no capital gainsRecurring core profit to reach 1.9 billion euros in 2025CEO denies EDPR is selling any stake in Ocean Wind JVBy Sergio GoncalvesLISBON, May 8 (Reuters) - EDP Renovaveis EDPR.LS, the world's fourth largest wind energy producer, said o...Reuters
Thu, May 8
Other
Trump to pick new top D.C. prosecutor after Ed Martin fails to secure support
By Sarah N. Lynch and Susan Heavey WASHINGTON, May 8 (Reuters) - President Donald Trump on Thursday said he plans to nominate a new candidate to serve as Washington, D.C.'s top federal prosecutor, after his first pick Ed Martin failed to garner enough support to advance in the U.S. Senate. ...Reuters
Thu, May 8
Other
US FDA centers to deploy AI internally, following experimental run
May 8 (Reuters) - The U.S. Food and Drug Administration said on Thursday all its centers will deploy artificial intelligence internally immediately, with full integration on June 30, following the completion of a new generative AI pilot for scientific reviewers.WHY IT'S IMPORTANT Once the FDA re...Reuters
Thu, May 8
Stocks
British equities mixed as markets mull US-UK trade deal
FTSE 100 down 0.3%, FTSE 250 up 0.6%BoE cuts rates to 4.25%Trump heralds 'breakthrough' deal with UKBy Sanchayaita Roy, Ragini Mathur and Twesha Dikshit May 8 (Reuters) - British blue-chips closed lower on Thursday, while midcaps clocked gains as investors weighed up a trade deal between...Reuters
Thu, May 8
Stocks
Utility Talen Energy posts quarterly loss on higher expenses
May 8 (Reuters) - Utility Talen Energy TLN.O reported a loss for the first quarter on Thursday, hurt by higher interest and energy expenses, although data center demand prospects helped buffer losses.Higher-for-longer interest rates burden utilities as they make investing in the construction and mai...Reuters
Thu, May 8
