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PIMCO sees heightened US recession risks, FT reports
May 8 (Reuters) - U.S. bond giant PIMCO said recession risks in the country are at their highest in years and that investors are misjudging President Donald Trump's resolve to enforce steep tariffs."We very well may have a recession," investment chief Dan Ivascyn told the Financial Times...Reuters
Thu, May 8
Stocks
Enhabit Inc reports results for the quarter ended March 31 - Earnings Summary
Enhabit Inc EHAB.N reported quarterly adjusted earnings of 10 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of five analysts for the quarter was for earnings of 6 cents per share. Wall Street ...Reuters
Thu, May 8
Other
Ukraine says Russia bombs its region for third time during ceasefire
May 8 (Reuters) - Ukraine's air force said early on Thursday that a Russian military aircraft launched guided bombs on the Sumy region for the third time during a Kremlin-sponsored ceasefire.There were no immediate reports of damage and casualties. Reuters could not independently verify the bomb...Reuters
Thu, May 8
Cryptocurrencies
XRP Price Breaks Key Resistance Level, Eyes Fresh Upside Momentum
XRP price found support at $2.080 and started a fresh increase. The price is now gaining pace and might clear the $2.150 resistance zone. XRP price started a recovery wave above the $2.10 zone. The price is now trading above $2.120 and the 100-hourly Simple Moving Average. There was a break above a ...NewsBTC
Thu, May 8
Other
Novagold Prices Says Upsized Offering Of 47.9 Million Shares At $3.75 per share
May 8 (Reuters) - NovaGold Resources Inc NG.TO:NOVAGOLD PRICES $179 MILLION UNDERWRITTEN UPSIZED PUBLIC OFFERING OF COMMON SHARESNOVAGOLD RESOURCES - PRICING PUBLIC UPSIZED OFFERING OF 47,850,000 COMMON SHARES OF NOVAGOLD AT A PRICE TO PUBLIC OF $3.75 PER SHAREReuters
Thu, May 8
Stocks
Site Centers Corp reports results for the quarter ended March 31 - Earnings Summary
Site Centers Corp SITC.N reported quarterly adjusted earnings of 6 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -52 cents. The mean expectation of two analysts for the quarter was for a loss of 11 cents per share. Revenue...Reuters
Thu, May 8
Stocks
JLR parent Tata Motors gains on report of potential US-Britain trade deal
** Shares of Tata Motors Ltd TAMO.NS rise 2.3% to 696 rupees, among top gainers in blue-chip Nifty 50 .NSEI index** Stock at its highest point since March 26, when U.S. President Donald Trump announced a 25% tariff on all car imports into the country** The Indian automaker owns luxury carmaker Jagua...Reuters
Thu, May 8
Other
US, Britain to announce trade deal on Thursday, New York Times says
Trump to announce U.S.-UK trade deal Thursday, NY Times reportsDeal may include lower tariffs on steel, autos, UK official saysReported agreement comes ahead of planned China-U.S. trade talks in GenevaTrump's tariffs raise recession fears, impact global supply chains May 7 (Reuters) - U.S. Pr...Reuters
Thu, May 8
Stocks
CF Industries Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
CF Industries Holdings Inc CF.N reported quarterly adjusted earnings of $1.98 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 fourteen analysts for the quarter was for earnings of $1.50 per share....Reuters
Thu, May 8
Economic Indicator
Chinese Embassy in the US: China will not compromise its principles in trade talks
Citing the Chinese Embassy in the United States (US), the Global Times, a highly influential China’s media outlet, stated on X early Thursday that Beijing is unlikely to lower tariffs before the talks in Switzerland begin.
Fxstreet
Thu, May 8
Cryptocurrencies
Bitcoin Rebounds After Sharp Drop As Whales Fuel Push Toward $100K
Bitcoin fell hard before recovering as prices plummeted below $95,000, retreating below $94,600 and even as low as $93,395. But buyers emerged at around $94,000, halting the decline and allowing BTC to recover fast. Then, the coin started rising again, piercing through pivotal levels that had earlie...NewsBTC
Thu, May 8
Cryptocurrencies
Dogecoin App Layer Coming As DogeOS Raises $6.9 Million — Why It Matters
DogeOS, the new application layer that aspires to give Dogecoin full-fledged utility beyond tipping and trading, has closed a $6.9 million seed round led by Polychain Capital. The funding marks the first time an independent development stack focused exclusively on Dogecoin has attracted institutiona...Bitcoinist
Thu, May 8
Stocks
Market recession indicators: dissecting the signal from the noise
Trade tensions push global recession riskRecession can still be avoided, analysts sayStocks bounce back but earnings season offers some insightsBy Dhara Ranasinghe and Stefano Rebaudo LONDON, May 8 (Reuters) - Global recession risks have shot back up markets' worry list, but the readout from ...Reuters
Thu, May 8
Cryptocurrencies
Arizona signs new law to secure unclaimed digital assets and establish Bitcoin Reserve Fund
Governor Katie Hobbs of Arizona signed House Bill 2749 on Wednesday. This bill allows Arizona to claim ownership of abandoned digital assets if the owner fails to respond to communications within three years.
Fxstreet
Thu, May 8
Stocks
WiseTech in position to consider E2open buyout, says Morgan Stanley; stock up
** WiseTech Global WTC.AX rises 3.3%** Australian cloud computing firm in financial position to explore all software opportunities in the supply chain ecosystem, Morgan Stanley says** Notes co in net-cash position; can generate significant free cash-flow** Adds it has successful track record of M&am...Reuters
Thu, May 8
Stocks
Coherent Corp reports results for the quarter ended March 31 - Earnings Summary
Coherent Corp COHR.N reported quarterly adjusted earnings of 91 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 86 cents per share. Wall...Reuters
Thu, May 8
Stocks
Civitas Resources Inc reports results for the quarter ended March 31 - Earnings Summary
Civitas Resources Inc CIVI.N reported quarterly adjusted earnings of $1.77 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $2.74. The mean expectation of sixteen analysts for the quarter was for earnings of $1.64 per share. Wall St...Reuters
Thu, May 8
