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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, sending its shares down 3.3% in premarket trading.Higher-for-longer interest rates burden utilities as it makes investing in the construction and maintenance o...Reuters
Thu, May 8
Other
Utility Evergy misses quarterly profit estimates on lower demand, higher costs
May 8 (Reuters) - Evergy Inc EVRG.O missed Wall Street estimates for first-quarter profit on Wednesday, as the utility was hurt by higher costs and lower demand due to an unplanned maintenance shutdown by a large customer.Higher-for-longer interest rates raise borrowing costs for power companies, wh...Reuters
Thu, May 8
Other
Russia, China will ramp up cooperation to counter US, joint statement says
MOSCOW, May 8 (Reuters) - Russia and China intend to ramp up cooperation to decisively counter U.S. efforts to contain both countries, they said in a joint statement published by the Kremlin on Thursday. The statement, issued after talks between Russian President Vladimir Putin and Chinese President...Reuters
Thu, May 8
Commodities
OPEC April oil output edges lower despite plans for hike, survey finds
By Alex Lawler LONDON, May 8 (Reuters) - OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya.The Organization of the Petroleum E...Reuters
Thu, May 8
Stocks
Shopify falls on bleak second-quarter profit view
** U.S.-listed shares of e-commerce firm Shopify SHOP.O SHOP.TO fall 8.2% to $86.71 premarket** Co says it expects gross profit dollars to grow at a high-teens percent on a year-over-year basis for Q2, analysts were expecting gross profit to grow by 20.2%, according to data compiled by LSEG** SHOP ...Reuters
Thu, May 8
Stocks
Should You Buy Nvidia Stock Before May 28? Here's What History Says.
It's been a really interesting year in the stock market so far in 2025. At one point, the S&P 500 had dropped as low as 15% while the Nasdaq Composite cratered by 21%.While news of Chinese artificial intelligence (AI) start-up DeepSeek and mixed economic indicators have made some impacts on the capi...The Motley Fool
Thu, May 8
Other
Russia and China agree on need to remove 'root causes' of conflict in Ukraine, Kremlin says
MOSCOW, May 8 (Reuters) - Russian President Vladimir Putin and his Chinese counterpart Xi Jinping are convinced that the conflict in Ukraine can only be resolved by removing its "root causes", the Kremlin cited a joint statement as saying on Thursday. At talks in Moscow, Putin thanked Xi for...Reuters
Thu, May 8
Stocks
Match rises on higher-than-expected quarterly revenue view, plan to lay off 13% of workforce
** Tinder parent Match Group's MTCH.O shares rise 4% to $31.59 premarket ** Co on Thursday forecast second-quarter revenue between $850 and $860 million, above analysts' average estimate of $846.7 million - data compiled by LSEG** MTCH said it will reduce 13% of its workforce to cut costs, a...Reuters
Thu, May 8
Other
Canadian Utilities Appoints Nancy Southern As Executive Chair, Bob Myles Named CEO
May 8 (Reuters) - Canadian Utilities Ltd CU.TO:CANADIAN UTILITIES APPOINTS NANCY SOUTHERN AS EXECUTIVE CHAIR; BOB MYLES NAMED CHIEF EXECUTIVE OFFICERCANADIAN UTILITIES LTD - BOB MYLES NAMED CHIEF EXECUTIVE OFFICER OF CANADIAN UTILITIESCANADIAN UTILITIES LTD - APPOINTS NANCY SOUTHERN AS EXECUTIVE CHA...Reuters
Thu, May 8
Stocks
Enovis falls after 2025 profit forecast cut
** Shares of medical device maker Enovis Corp ENOV.N fall 8% to $31.51 premarket** ENOV cuts its annual profit forecast in the range of $2.95 to $3.10 per share, compared with previous projected range of $3.10 to $3.25** Co, however, raises its 2025 revenue forecast to be in the range of $2.22 billi...Reuters
Thu, May 8
Stocks
EXCLUSIVE-Forensic review found India's IndusInd Bank executives traded shares before accounting disclosure, document shows
India's 5th largest private sector bank in crisis over accounting Bank CEO stepped down after accounting discrepancies disclosedInvestigation finds lapses were known internally for yearsIndusInd financial health is seen as satisfactory By Aditya Kalra and Siddhi Nayak NEW DELHI/MUMBAI, May 8 ...Reuters
Thu, May 8
Commodities
Outokumpu says uncertainty caused by Trump's tariffs to hit operations in Q2
Expects geopolitical uncertainties to impact Q2 resultsUS customers favouring locally produced steel-CFODemand in Europe remains subduedShares down 4.5%By Jagoda Darlak May 8 (Reuters) - Stainless steel maker Outokumpu OUT1V.HE expects global uncertainties related to U.S. President Donald Trump&#...Reuters
Thu, May 8
Stocks
Haemonetics Corp reports results for the quarter ended March 31 - Earnings Summary
Haemonetics Corp HAE.N reported quarterly adjusted earnings of $1.24 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 90 cents. The mean expectation of ten analysts for the quarter was for earnings of $1.22 per share. Wall Street e...Reuters
Thu, May 8
Stocks
Axon rises after lifting annual revenue forecast
** TASER maker Axon Enterprise's shares AXON.O up 6.8% at $643 premarket ** On Wednesday, AXON raised its annual revenue forecast to between $2.60 bln and $2.70 bln, compared with prior range of $2.55 bln to $2.65 bln** J.P.Morgan says it continues to see AXON "well-positioned" despite a...Reuters
Thu, May 8
Other
Pakistan defence minister says U.S. leading de-escalation efforts in India conflict
ISLAMABAD, May 8 (Reuters) - The United States is leading global efforts to reduce tensions between India and Pakistan, Pakistan's Defence Minister Khawaja Muhammad Asif told Reuters on Thursday.India's drone incursions into Pakistan on Thursday made Pakistan's attack on India "incre...Reuters
Thu, May 8
Stocks
Talen Energy falls after reporting Q1 loss
** Shares of utility Talen Energy TLN.O fall ~1% to $229.22 premarket** Co reports Q1 net loss of $135 million, compared with a profit of $294 million a year ago** TLN says Q1 interest costs rose 25.4% to $74 million during the quarter, while total energy expenses rose 10.8% to $235 million** Co to ...Reuters
Thu, May 8
