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US has plans for sovereign wealth fund but no final decisions made, White House says
May 7 (Reuters) - The U.S. Treasury and Commerce departments have formulated plans for a sovereign wealth fund but no final decisions have been made, a White House spokesperson said on Wednesday."The Administration remains committed to using every tool available to deliver on President Trump’s d...Reuters
Wed, May 7
Stocks
Ellington Financial Inc reports results for the quarter ended March 31 - Earnings Summary
Ellington Financial Inc EFC.N reported quarterly adjusted earnings of 39 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of eight analysts for the quarter was for earnings of 39 cents per share...Reuters
Wed, May 7
Stocks
Cleveland-Cliffs Inc reports results for the quarter ended March 31 - Earnings Summary
Cleveland-Cliffs Inc CLF.N reported a quarterly adjusted loss of 100 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of ten analysts for the quarter was for a loss of 77 cents per share. Wall St...Reuters
Wed, May 7
Economic Indicator
White House's Hassett says he is dismayed Fed has bad economic modeling on tariffs, Fox News
May 7 (Reuters) - White House National Economic Council Director Kevin Hassett on Wednesday told Fox News' 'The Ingraham Angle' program that he was dismayed that the Federal Reserve has bad economic modeling on what might happen with tariffs.Federal Reserve Chairman Jerome Powell said ea...Reuters
Wed, May 7
Stocks
DXP Enterprises Inc reports results for the quarter ended March 31 - Earnings Summary
DXP Enterprises Inc DXPE.OQ reported quarterly adjusted earnings of $1.25 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 67 cents. The lone analyst forecast for the quarter was for earnings of $1.19 per share. Revenue rose 15.5% ...Reuters
Wed, May 7
Other
Colombia's top court orders arrests of former legislature presidents
BOGOTA, May 7 (Reuters) - Colombia's Supreme Court on Wednesday issued arrest orders for Ivan Name, the former president of the country's Senate, and Andres Calle, the former president of the House of Representatives, over corruption allegations. Name, of the Alianza Verde party, and Calle, ...Reuters
Wed, May 7
Stocks
Catalyst Pharmaceuticals Inc reports results for the quarter ended March 31 - Earnings Summary
Catalyst Pharmaceuticals Inc CPRX.OQ reported quarterly adjusted earnings of 45 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of eight analysts for the quarter was for earnings of 34 cents pe...Reuters
Wed, May 7
Cryptocurrencies
Dogecoin’s Price Coils In A Key Bullish Chart Pattern, A Rebound On The Horizon?
During the recent bullish market action in late April, Dogecoin witnessed a notable upward movement, rising to the $0.18 mark with robust momentum and volume. However, the dog-themed meme coin seems to have lost its steam as it pulls back to key support levels, but technical developments are pointin...Bitcoinist
Wed, May 7
Cryptocurrencies
Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say?
As the XRP price takes center stage, bold predictions about its future outlook persist across online forums and social media. Among the most ambitious claims is the idea that the XRP price could skyrocket to $1,000 or even beyond. In response to these projections, a crypto analyst has outlined sever...NewsBTC
Wed, May 7
Stocks
Liberty Latin America Ltd reports results for the quarter ended March 31 - Earnings Summary
Liberty Latin America Ltd LILA.OQ reported a quarterly adjusted loss of 69 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of four analysts for the quarter was for a loss of 7 cents...Reuters
Wed, May 7
Stocks
Kodiak Gas Services Inc reports results for the quarter ended March 31 - Earnings Summary
Kodiak Gas Services Inc KGS.N reported quarterly adjusted earnings of 45 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of five analysts for the quarter was for earnings of 38 cents per share....Reuters
Wed, May 7
Stocks
Moody's warns of risk posed by rising retail exposure to private credit
By Matt TracyMay 7 (Reuters) - Moody's ratings agency warned on Wednesday of the rising risk that retail investors, who put their money into private credit assets, pose to the U.S. economy.Since the pandemic, the share of U.S. and global credit markets has gradually shifted from banks in the pub...Reuters
Wed, May 7
Other
REFILE-AMC Entertainment posts lower revenue over decrease in theater attendance
May 7 (Reuters) - AMC Entertainment AMC.N on Wednesday reported a 9.3% fall in first-quarter revenue, as fewer blockbuster releases from Hollywood studios led to reduced attendance at its movie theaters.Shares of the Leawood, Kansas-based company fell around 2% in extended trading.The first quarter ...Reuters
Wed, May 7
Other
Citadel's Griffin says he's unsure US will be able to further roll back regulation
By Carolina MandlMay 7 (Reuters) - CITADEL'S FOUNDER KEN GRIFFIN SAYS TARIFFS ARE CONTRARY TO TRUMP'S PROMISE TO IMPROVE PEOPLE'S LIVESCITADEL'S GRIFFIN SAYS HE'S NOT SURE HOW MUCH REGULATION THE US WILL BE ABLE TO ROLL BACKCITADEL'S GRIFFIN SAYS US NEEDS DRAMATICALLY TO INCR...Reuters
Wed, May 7
Stocks
Trinseo PLC reports results for the quarter ended March 31 - Earnings Summary
Trinseo PLC TSE.N reported a quarterly adjusted loss of $1.37 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-1.94. The mean expectation of five analysts for the quarter was for a loss of $1.37 per share. Wall Street expected re...Reuters
Wed, May 7
Stocks
Black Hills Corp reports results for the quarter ended March 31 - Earnings Summary
Black Hills Corp BKH.N reported quarterly adjusted earnings of $1.87 per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for earnings of $1.94 per share. Wall Street expected results to range from $1.90 to $...Reuters
Wed, May 7
Stocks
Sunopta Inc reports results for the quarter ended March 31 - Earnings Summary
Sunopta Inc SOY.TO reported quarterly adjusted earnings of 4 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of six analysts for the quarter was for earnings of one cent per share. Wall Street e...Reuters
Wed, May 7
Other
Swiftly deporting migrants to Libya would violate court order, US judge rules
First deportation flights may leave WednesdayTrump administration seeks more deportation destinationsWhen asked, Trump says he does not knowRights advocates ask judge to block the moveVietnamese, Mexican nationals among people potentially subject to deportationBy Phil Stewart, Idrees Ali and Humeyra...Reuters
Wed, May 7
Other
Google cuts about 200 staff in global business unit, The Information reports
May 7 (Reuters) - Google on Tuesday cut about 200 jobs across its global business unit, which is responsible for sales and partnerships, The Information reported on Wednesday, citing a person with knowledge of the situation.Big Tech players have been redirecting spending towards data centers and AI ...Reuters
Wed, May 7
