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Federal Reserve leaves interest rates unchanged
The Federal Reserve left its interest rates untouched at 4.25% to 4.5% during its latest policy meeting in Washington, D.C. on Wednesday, according to the official statement from the central bank. The decision came as the Committee said the US economy is still expanding at a “solid pace,” despite trade-related disruptions. Inflation is still running […]Cryptopolitan
Wed, May 7
Other
Republican concedes in North Carolina court race, ending bid to throw out votes
Griffin concedes after federal judge rules against throwing out ballotsRiggs secures seat amid Democratic strategic interestsJudge Myers blocks Griffin's attempt to discard votes post-electionBy Nate Raymond May 7 (Reuters) - A Republican candidate for a seat on the North Carolina Supreme Cou...Reuters
Wed, May 7
Stocks
MRC Global Inc reports results for the quarter ended March 31 - Earnings Summary
MRC Global Inc MRC.N reported quarterly adjusted earnings of 14 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 20 cents. The mean expectation of four analysts for the quarter was for earnings of 15 cents per share. Revenue f...Reuters
Wed, May 7
Forex
EUR/USD jumps despite Fed rate hold as markets still see cut in July
EUR/USD churned within intraday levels after the Federal Reserve (Fed) held interest rates at 4.5% on Wednesday. Markets had broadly forecast a flat stance from the Fed for its May rate call, but the key for investors will be how much the Fed shifts its stance toward future rate cuts.
Fxstreet
Wed, May 7
Other
Trump signals US might ease chip export restrictions to some Gulf countries
WASHINGTON, 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."Reuters
Wed, May 7
Commodities
Oil wells per location in Lower 48 US states more than double in past decade, EIA says
May 7 (Reuters) - The U.S. Energy Information Administration said on Wednesday that it estimates that the average number of oil wells completed simultaneously within 50 feet of each other in the Lower 48 states has more than doubled over the past decade.The agency said that simultaneous well complet...Reuters
Wed, May 7
Stocks
Why Revolve Group Stock Was Sliding Today
Shares of Revolve Group (NYSE: RVLV) were moving lower today after the online fashion retailer posted results that were roughly in line with expectations but lowered its gross margin guidance for the year.For an industry under pressure, like the fashion industry, Revolve's results were solid, but th...The Motley Fool
Wed, May 7
Other
Traders continue to see Fed rate cut likely by July
May 7 (Reuters) - Traders on Wednesday maintained bets the Federal Reserve is likely to wait until July to cut interest rates, after the central bank said it kept short-term borrowing costs unchanged, as expected.Futures contracts tied to the Fed's policy rate pared earlier losses after the anno...Reuters
Wed, May 7
Stocks
Why Teva Pharmaceutical Stock Is Soaring Today
Shares of Teva Pharmaceutical (NYSE: TEVA) are surging on Wednesday. The company's stock is up 9.2% as of 1:15 p.m. ET and was up as much as 9.5% earlier in the day. The leg up comes as the S&P 500 is up 0.4% and the Nasdaq Composite is losing 0.1% on the day so far.The Israel-based pharmaceutical c...The Motley Fool
Wed, May 7
Other
Macron: trying to convince USA to delay withdrawing its troops from Syria
PARIS, May 7 (Reuters) - French President Emmanuel Macron said on Wednesday that he was trying to convince the United States to delay withdrawing its troops from Syria, to focus on lifting sanctions against Syria that would help ensure stability for the country.Reuters
Wed, May 7
Stocks
Why Super Micro Stock Is Sinking Today
Shares of Super Micro Computer (NASDAQ: SMCI) are falling on Wednesday. The stock lost 6.7% as of 1:36 p.m. ET, and as much as 7.1% earlier in the day. The leg down comes as the S&P 500 (SNPINDEX: ^GSPC) gained 0.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 0.1% on the day.A miss from Super...The Motley Fool
Wed, May 7
Commodities
Kobold Metals Says Agreed On A Framework To Buy AVZ's Interests In The Manono Lithium Deposit In DRC
May 7 (Reuters) - KOBOLD METALS - AGREED ON A FRAMEWORK TO BUY AVZ’S INTERESTS IN THE MANONO LITHIUM DEPOSIT IN THE DEMOCRATIC REPUBLIC OF CONGOKOBOLD METALS- AGREEMENT TO ENABLE KOBOLD TO DEPLOY MORE THAN $1 BILLION TO BRING MANONO LITHIUM TO WESTERN MARKETSReuters
Wed, May 7
Other
Trump says more information coming on potential new Gaza ceasefire, hostage deal
WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump said on Wednesday there would be more information in the next day on a potential new proposal for a hostage release deal and ceasefire in Gaza."A lot of talk going on about Gaza right now," Trump said at the White House. "You'...Reuters
Wed, May 7
Other
Trump offers to help India, Pakistan as tensions rise
May 7 (Reuters) - U.S. President Donald Trump on Wednesday said he wants India and Pakistan to stop attacking each other now and offered to help the two countries work out their differences amid rising tensions."I want to see it stop. And if I can do anything to help, I will be there," he to...Reuters
Wed, May 7
Other
Russia denies opposing ceasefire in Ukraine, foreign ministry says
MOSCOW, May 7 (Reuters) - Russia has never opposed a ceasefire in Ukraine, Russian state-run news agencies reported on Wednesday, citing foreign ministry spokeswoman Maria Zakharova.Responding to remarks by U.S. envoy Keith Kellogg that Russian President Vladimir Putin may be obstructing a comprehen...Reuters
Wed, May 7
Other
Trump says he does not know if US is deporting migrants to Libya
WASHINGTON, May 7 (Reuters) - U.S. President Donald Trump on Wednesday, when asked whether his administration would deport migrants to Libya this week, said he did not know whether that was happening. "I don't know. You'll have to ask Homeland Security," Trump told reporters in the O...Reuters
Wed, May 7
Economic Indicator
US President Trump: No to pulling back on tariffs on China
United States (US) President Donald Trump hit newswires just ahead of the Federal Reserve's (Fed) upcoming rate call. The President's talking points hit the usual meandering pace, weaving in and out of a wide spread of topics.Fxstreet
Wed, May 7
