News
Important Only
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
Other
Republican concedes in North Carolina court race, ending bid to throw out votes
By Nate Raymond May 7 (Reuters) - A Republican candidate for a seat on the North Carolina Supreme Court in November's election conceded defeat on Wednesday, ending his legal efforts to have thousands of ballots thrown out six months after the final votes were cast.Judge Jefferson Griffin conc...Reuters
Wed, May 7
Other
Senate Democrat requests probe into FBI Director Patel's use of government plane
Senator 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 Patel n X posts photos attending NHL games, Ultimate Fighting Championship matchesBy Sarah N. Lynch and Andrew Goudswar...Reuters
Wed, May 7
Cryptocurrencies
US Treasury Secretary Scott Bessent gives urgent briefing on global financial health
Scott Bessent told Congress this week that the US is nearly out of time, the money situation is tight, and crypto regulation can’t be delayed anymore. On Tuesday, he testified before the House Appropriations subcommittee, where he broke down the Trump administration’s cost-cutting campaign and warned lawmakers about the pressure building under the debt ceiling. […]Cryptopolitan
Wed, May 7
Stocks
Why Alphabet Stock Is Plummeting Today -- Could the Tech Giant's Search Fears Finally Be Coming True?
Shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are falling on Wednesday. The company's stock lost 7.8% as of 1:27 p.m. ET and as much as 9.5% 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.An A...The Motley Fool
Wed, May 7
Other
Trump says he will look at tariff exemptions but prefers to keep things simple
WASHINGTON, May 7 (Reuters) - President Donald Trump said he would take a look at specific industry requests for exemptions from his tariffs, but said he prefers to keep the trade penalties broader and less complicated.Trump was responding to a question about whether he would exempt baby products li...Reuters
Wed, May 7
Other
German energy firm Techem's sale to TPG falls through
FRANKFURT, May 7 (Reuters) - Techem's sale to U.S. financial investor TPG TPG.O and sovereign wealth fund GIC has fallen through as the potential buyers withdrew registration of the deal with EU antitrust authorities on Wednesday, according to the EU Commission's website.The TPG-led consorti...Reuters
Wed, May 7
Other
France's Macron: will pursue progressive lifting of EU sanctions on Syria
PARIS, May 7 (Reuters) - French President Emmanuel Macron said he would pursue the progressive lifting of European Union sanctions against Syria if Syria stuck to its current path, and added he would lobby the United States to also follow suit in this regard.Macron's comments came as he hosted S...Reuters
Wed, May 7
Technical Analysis
Gold price falls as US-China tariff talks ease tensions, Fed in focus
Gold prices retreated by more than 1.50% on Wednesday, driven by an improvement in risk appetite following the announcement of tariff talks between the United States (US) and China. Meanwhile, traders' focus is on the Federal Reserve’s (Fed) monetary policy meeting later in the day.
Fxstreet
Wed, May 7
Stocks
Why Icahn Enterprises Stock Is Falling Today
The company controlled by renowned activist investor Carl Icahn posted losses on its investment activities, dragging the company into the red for the quarter. Shares of Icahn Enterprises (NASDAQ: IEP) traded down 4% as of 1 p.m. ET following release of the results.Image source: Getty Images.Where to...The Motley Fool
Wed, May 7
Other
Judge demands Trump officials detail legal grounds for deporting Palestinian activist
Mahmoud Khalil detained without charges since March arrestRubio cites antisemitic protests as grounds for deportationLegal experts say little precedent for law used against KhalilKhalil's attorneys argue arrest violates free speech protectionsBy Tom Hals May 7 (Reuters) - A federal judge inst...Reuters
Wed, May 7
Commodities
Europe Gasoline/Naphtha-Gasoline margins rise despite US stock build
LONDON, May 7 (Reuters) - Northwest European gasoline profit margins rose by about 46 cents to $16.52 a barrel on Wednesday, even as U.S. stocks rose unexpectedly last week according to data from the Energy Information Administration. A total of 14,000 metric tons of Eurobob E10 barges traded...Reuters
Wed, May 7
Other
Cadence unveils new Nvidia-based supercomputer as it pushes into engineering, biotech software
By Stephen Nellis SANTA CLARA, California, May 7 (Reuters) - Cadence Design Systems CDNS.O unveiled on Wednesday a new supercomputer based on chips from Nvidia NVDA.O that will speed up its software offerings for everything from designing chips to jets to new drugs.Cadence supplies software that ...Reuters
Wed, May 7
Stocks
U.S. STOCKS ON THE MOVE-Tempus AI, natgas stocks, Perrigo
The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8U.S. stock indexes were mixed on Wednesday ahead of the Federal Reserve's interest-rate decision, while a steep decline in shares of Google-parent Alphabet weighed on the Nasdaq. .N ...Reuters
Wed, May 7
Stocks
Bunge posts Q1 profit beat as tariff-fueled uncertainty lifts demand
Q1 adjusted earnings per share $1.81 vs forecast $1.30Lowest first-quarter profit in five yearsShares down 1.8%By Karl Plume CHICAGO, May 7 (Reuters) - Grain trader and processor Bunge Global BG.N said on Wednesday its first-quarter profit fell less than expected as rising global trade tensions p...Reuters
Wed, May 7
Stocks
Why ExxonMobil Stock Fell 11.2% in April, But Remains a Buy
ExxonMobil (NYSE: XOM) kicked off 2025 on a strong note, beating the market and rallying 10.6% in the first quarter of the year. The oil stock, however, made a sharp U-turn in April to give up all of those Q1 gains, and then some -- it fell 11.2% during the month, according to data provided by S&P G...The Motley Fool
Wed, May 7
Other
Italy in talks to hand FiberCop extra part of lagging fibre network plan
MILAN, May 7 (Reuters) - Italy said on Wednesday it is considering handing KKR-backed KKR.N FiberCop part of the work assigned to rival Open Fiber to speed up a European Union-funded fibre network rollout plan as it tries to meet COVID-19 recovery plan targets.FiberCop and its smaller rival Open Fib...Reuters
Wed, May 7
