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MOVES-Citi Wealth appoints JPMorgan veteran as capital markets' global head
May 7 (Reuters) - Industry veteran Russell Budnick is set to join Citi Wealth as the global head of capital markets in August 2025, Citigroup C.N said on Wednesday. Budnick spent the past two decades of his life at JPMorgan JPM.N, where he most recently served as the global head of market strategy a...Reuters
Wed, May 7
Other
After critical remarks in Munich, Vance adopts more conciliatory tone toward Europe
Vance quips he wasn't sure he'd be invited back to security conferenceVP says Europe and US remain closely linkedVance says concessions that Russia has demanded are "too much"By Jeff Mason and Andrea Shalal WASHINGTON, May 7 (Reuters) - U.S. Vice President JD Vance on Wednesday sa...Reuters
Wed, May 7
Other
EXCLUSIVE-Qatari financing of Syrian salaries gets US go-ahead, sources say
Qatar to fund salary hike for Syrian civil servants Doha had been wary of acting without US blessingFunding excludes Syrian interior and defence ministries due to Western concernsSyrian economy embarks on free market experiment after decades of protectionism, crony ruleBy Timour Azhari and Andrew Mi...Reuters
Wed, May 7
Other
US pushes nations facing tariffs to approve Musk's Starlink, Washington Post reports
WASHINGTON, May 7 (Reuters) - The United States has pushed some nations facing tariffs imposed by President Donald Trump to approve Elon Musk's Starlink, the Washington Post reported on Wednesday, citing State Department cables.The cables show how U.S. embassies and the department pushed countri...Reuters
Wed, May 7
Other
Venezuelan government surprised by 'rescue' from Argentine residence, opposition says
May 7 (Reuters) - Venezuela's opposition on Wednesday said that the government of President Nicolas Maduro had been surprised by the "international rescue" operation to remove five Venezuelan members of the opposition who had been living in Argentina's diplomatic residence in Caracas...Reuters
Wed, May 7
Technical Analysis
GBP/USD slides as Fed holds rates, flags rising inflation, growth uncertainty
The GBP/USD extended its losses on Wednesday after the Federal Reserve decided to keep interest rates unchanged as expected, with most eyes set on Fed Chair Jerome Powell's press conference. At the time of writing, the pair trades near 1.3331, down more than 0.20%.
Fxstreet
Wed, May 7
Cryptocurrencies
$0.025 Altcoin Expected To Replace Solana (SOL) And Dogecoin (DOGE) In Portfolios
Mutuum Finance (MUTM) is surging through its presale, raising $7.6 million and attracting 9,500 holders with 443 million tokens sold. Priced at $0.025 in phase 4, this decentralized finance project is drawing intense interest from investors seeking alternatives to Solana (SOL) and Dogecoin (DOGE). Its structured lending model and innovative tokenomics position it as a […]Cryptopolitan
Wed, May 7
Stocks
US STOCKS-Equities lose ground after Fed keeps rates unchanged
Fed's keeps rates unchanged, as expectedIndexes: Dow up 0.03%, S&P 500 down 0.49%, Nasdaq down 1.03%By Chuck Mikolajczak NEW YORK, May 7 (Reuters) - U.S. stock prices retreated on Wednesday after the Federal Reserve kept interest rates unchanged, but the Dow was able to cling to sligh...Reuters
Wed, May 7
Stocks
LIVE MARKETS-Fed holds steady, cites risks; stocks weaken
Dow now slightly green, S&P 500 dips, Nasdaq down ~0.7%FOMC leaves rates unchangedCites risk of higher inflation and unemploymentComm Svcs weakest S&P 500 sector; Healthcare leads gainersDollar ~flat; gold off ~1%; crude off >1.5%; bitcoin up ~2%US 10-Year Treasury yield falls to ~4.27%We...Reuters
Wed, May 7
Technical Analysis
Gold price slips as Fed holds rates, warns of heightened inflation
Gold price remains on the back foot after the Federal Reserve kept interest rates unchanged. The XAU/USD trades at $3,394, down over 1%, as traders brace for Fed Chair Jerome Powell's press conference.
Fxstreet
Wed, May 7
Other
Trump signals US might ease chip export curbs on some Gulf countries
By Jeff MasonWASHINGTON, May 7 (Reuters) - President Donald Trump said on Wednesday he will soon have an announcement on whether the U.S. will ease microchip export restrictions to some Gulf countries. "We might be doing that, yeah," Trump said. "And it will be announced soon."Trump ...Reuters
Wed, May 7
Cryptocurrencies
What to Watch in the Day Ahead - Thursday, May 8
On the U.S. economic front, a report from the Labor Department is expected to show that initial jobless claims have likely decreased by about 11,000 to 230,000 for the week ending May 3. Continued claims for state unemployment benefits likely decreased to 1.886 million for the week ended April 26 fr...Reuters
Wed, May 7
Other
World Central Kitchen halts work in Gaza as supplies run out
May 7 (Reuters) - World Central Kitchen announced in a post on X on Wednesday it has halted work in the Gaza Strip as they ran out of supplies, adding that their work cannot continue without permission from Israel for aid to enter.Reuters
Wed, May 7
Forex
Brazil April trade surplus dips 3.3%, in line with expectations
BRASILIA, May 7 (Reuters) - Brazil's trade surplus dipped slightly by 3.3% in April from a year earlier, official data showed on Wednesday, but came in broadly in line with market expectations.The trade surplus for Latin America's largest economy totaled $8.2 billion, compared with a forecas...Reuters
Wed, May 7
Other
Rockwell Automation Says Based On Currently Enacted Tariffs, Estimate Cost Exposure To Be About $125 Mln For H2 2025
May 7 (Reuters) - Rockwell Automation Inc ROK.N:ROCKWELL AUTOMATION: BASED ON CURRENTLY ENACTED TARIFFS, ESTIMATE COST EXPOSURE TO BE ABOUT $125 MILLION FOR H2 2025 - FILINGSource text: [ID:n0001024478-25-000035]Reuters
Wed, May 7
Other
Loncor Gold Announces Upsize Of Brokered Private Placement For Gross Proceeds Of Up To C$8.0 Mln
May 7 (Reuters) - Loncor Gold Inc LN.TO:LONCOR GOLD INC: ANNOUNCES UPSIZE OF BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO C$8.0 MILLIONSource text: [ID:n0001062993-25-008733]Reuters
Wed, May 7
