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Stocks
LIVE MARKETS-US stocks end green on trade optimism, Fed offers no surprises
Major indexes end higher, Dow leads with 0.7% gainFOMC leaves rates unchangedCites risk of higher inflation and unemploymentCons disc leads S&P 500 sector gainers; Comm Svcs weakest groupDollar gains; bitcoin up ~1.8%; gold off ~1.7%; crude off ~2%US 10-Year Treasury yield dips to ~4.28%Welcome ...Reuters
Wed, May 7
Other
Hedge Fund Millennium in talks with Goldman's Petershill Partners on stake sale, FT reports
May 7 (Reuters) - Hedge fund Millennium Management is in talks with Goldman Sachs' GS.N Petershill Partners to identify potential buyers for a minority stake in its management company, the Financial Times reported on Wednesday.Potential buyers could include some of Millennium's largest inves...Reuters
Wed, May 7
Commodities
Occidental reports quarterly profit beat
May 7 (Reuters) - Occidental Petroleum OXY.N beat Wall Street estimates for first-quarter profit on Wednesday, helped by higher production and favorable oil and gas prices.The company reported an adjusted profit of 87 cents per share for the quarter ended March 31, compared with analysts' averag...Reuters
Wed, May 7
Stocks
EMERGING MARKETS-Latam FX mixed as Fed keeps rates steady; Brazil's central bank rate decision awaited
Latam FX down 0.2, stocks flatUS Fed leaves rates unchangedBrazil's interest rate decision due at 1730 ETUS, China to hold ice-breaker trade talks in Geneva on SatBy Pranav Kashyap and Nikhil Sharma May 7 (Reuters) - Latin American currencies were mixed on Wednesday after the U.S. Federal Res...Reuters
Wed, May 7
Other
Kyndryl beats quarterly revenue estimates on AI push
May 7 (Reuters) - IT services provider Kyndryl KD.N beat Wall Street estimates for fourth-quarter revenue on Wednesday, helped by robust demand from businesses adopting artificial intelligence technology. The company, formerly IBM's IBM.N infrastructure services business, recognized $1.2 billion...Reuters
Wed, May 7
Commodities
Oil producer APA's quarterly profit beats estimates on higher output
May 7 (Reuters) - APA Corp APA.O beat Wall Street estimates for first-quarter profit on Wednesday, as the oil and gas producer benefited from a rise in output that helped offset falling crude prices. The Houston, Texas based company said adjusted profit was $1.06 per share for the three months ended...Reuters
Wed, May 7
Forex
FOREX-Dollar retains strength against peers after Fed rate decision
Federal Reserve leaves interest rates unchangedDollar gains against yen and Swiss francEuro edges down versus the dollarPound sterling weakens ahead of BoE rate decisionBy Chibuike Oguh NEW YORK, May 7 (Reuters) - The U.S. dollar remained slightly stronger against major currencies including the y...Reuters
Wed, May 7
Stocks
Hawaiian Electric Industries Inc expected to post earnings of 23 cents a share - Earnings Preview
Hawaiian Electric Industries Inc HE.N, HE is expected to report resultson May 9 for the period ending March 31 2025LSEG's mean analyst estimate for Hawaiian Electric Industries Inc is for earnings of 23 cents per share. The current average analyst rating on the shares is "hold" and the ...Reuters
Wed, May 7
Other
16 states, DC sue Trump over EV charging station funds
WASHINGTON, May 7 (Reuters) - California and 15 other states sued the Trump administration on Wednesday, saying the federal government is illegally withholding billions in previously awarded funds to states for electric vehicle charging.In February, the U.S. Transportation Department said it was sus...Reuters
Wed, May 7
Other
Osisko Development Corp expected to post breakeven results a share - Earnings Preview
Osisko Development Corp ODV.V is expected to report results for the period ending March 31 2025LSEG's mean analyst estimate for Osisko Development Corp is for breakeven results per share. The current average analyst rating on the shares is "buy" and the breakdown of recommendations is ...Reuters
Wed, May 7
Other
Bumble forecasts second-quarter revenue below estimate
May 7 (Reuters) - Bumble BMBL.O forecast second-quarter revenue below analysts' estimate on Wednesday, signaling that the dating app operator's turnaround is taking longer than expected to yield results.The company expects second-quarter revenue to be between $235 million and $243 million, c...Reuters
Wed, May 7
Other
MercadoLibre beats profit estimates in first quarter as Argentina business booms
SAO PAULO, May 7 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O posted on Wednesday a 44% net profit increase in the first quarter from a year earlier, above analysts' estimates as operations in Argentina bounced back. MercadoLibre, Latin's America most valuable company by...Reuters
Wed, May 7
Other
urban-gro Inc expected to post a loss of 20 cents a share - Earnings Preview
urban-gro Inc UGRO.OQ UGRO.O is expected to show a fall in quarterly revenue when it reports results on May 9 (estimated) for the period ending June 30 2024The Lafayette Colorado-based company is expected to report a 3.4% decrease in revenue to $18.197 million from $18.84 million a year ago, accor...Reuters
Wed, May 7
Other
Orla Mining Ltd expected to post earnings of 10 cents a share - Earnings Preview
Orla Mining Ltd OLA.TO is expected to show a rise in quarterly revenue when it reports results on May 9 for the period ending March 31 2025The Vancouver British Columbia-based company is expected to report a 142.2% increase in revenue to $163.012 million from $67.3 million a year ago, according t...Reuters
Wed, May 7
Other
Gilead boosts planned US investments by $11 billion amid tariff threat
May 7 (Reuters) - Gilead Sciences GILD.O announced $11 billion in new planned investment in the U.S. to add to its domestic manufacturing and research heft, becoming the latest company to announce spending plans in reaction to President Donald Trump's tariff policy.The new investments, unveiled ...Reuters
Wed, May 7
Other
Chip tech provider Arm forecasts first-quarter revenue below estimates
May 7 (Reuters) - Arm Holdings first-quarter sales and profit below Wall Street estimates on Wednesday, as global trade tensions threaten revenue from its chip architecture used across the smartphone and data center industries.While Arm's fourth-quarter revenue slightly beat analysts' estima...Reuters
Wed, May 7
Other
FBI needs more money than White House requested, Patel tells lawmakers
Asks for $1 billion more in funding than White House sought, in rare riftSenator Durbin asks congressional watchdog to look into whether Patel is complying with rules on non-official tripsFBI director required to reimburse government for personal travel By Sarah N. Lynch and Andrew Goudsward WASH...Reuters
Wed, May 7
Other
Invivyd Inc expected to post a loss of 3 cents a share - Earnings Preview
Invivyd Inc IVVD.OQ IVVD.O is expected to show a rise in quarterly revenue when it reports results on May 9 (estimated) for the period ending March 31 2025The Waltham Massachusetts-based company is expected to report revenue of $34.45 million, according to the mean estimate from 3 analysts, based ...Reuters
Wed, May 7
Stocks
Contextlogic Inc expected to post a loss of 8 cents a share - Earnings Preview
Contextlogic Inc LOGC.OQ LOGC.O is expected to report results on May 9 for the period ending March 31 2025LSEG's mean analyst estimate for Contextlogic Inc is for a loss of 8 cents per share. The one available analyst rating on the shares is "hold". The mean earnings estimate of analys...Reuters
Wed, May 7
Other
Nkarta Inc expected to post a loss of 44 cents a share - Earnings Preview
Nkarta Inc NKTX.OQ NKTX.O is expected to show no change in quarterly revenue when it reports results on May 9 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Nkarta Inc is for a loss of 44 cents per share. The current average analyst rating on the shares is "...Reuters
Wed, May 7
