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GLOBAL MARKETS-World stocks edge down as markets eye US-China talks, Fed rate decision
U.S., China to discuss trade in Switzerland at weekendDollar down a fourth day, European stocks fallU.S. stock indexes are mixed; Fed seen holding interest ratesBy Sinéad Carew and Yoruk Bahceli NEW YORK/LONDON, May 7 (Reuters) - World stocks fell slightly on Wednesday while Treasury yields edged...Reuters
Wed, May 7
Commodities
U.S. bombing dents but doesn't destroy Houthi threat in Yemen
U.S. bombing campaign went after more than 1,000 targetsOperation degraded Houthis, but they still remain capableMilitary operation has been costly for PentagonBy Idrees Ali and Phil Stewart WASHINGTON, May 7 (Reuters) - A nearly two-month-long U.S. bombing campaign in Yemen dealt heavy damage to...Reuters
Wed, May 7
Economic Indicator
REFILE-TREASURIES-US yield curve flattens on China trade talks; Fed in focus
US yield curve flattening driven by US-China trade talksFocus on Fed's Powell's comments post-meeting on tariffsUS rate futures price in Fed cut in JulyBy Gertrude Chavez-Dreyfuss NEW YORK, May 7 (Reuters) - The U.S. Treasury yield curve flattened on Wednesday, as yields on the long end w...Reuters
Wed, May 7
Economic Indicator
Mexico central bank has room to lower benchmark rate as economy slows, Heath says
By Ana Isabel Martinez and Aida Pelaez-Fernandez MEXICO CITY, May 7 (Reuters) - There is still room for Mexico's central bank to lower its benchmark interest rate as the country's economy slows, deputy governor Jonathan Heath said in a podcast with lender Banorte published on Wednesday.La...Reuters
Wed, May 7
Economic Indicator
US crude inventories decline, jet fuel demand jumps, EIA says
By Liz Hampton and Stephanie KellyDENVER, May 7 (Reuters) - U.S. crude stocks and distillate inventories fell last week, while jet fuel demand rose to a five-year high, the Energy Information Administration (EIA) said on Wednesday. Gasoline inventories rose, stoking concerns among analysts of weak ...Reuters
Wed, May 7
Stocks
Tempus AI rises after Q1 results, annual rev outlook surpass estimates
** Shares of Tempus AI TEM.O up 5.1% at $54.83 on Weds after genetics testing firm's qtrly report and rev outlook please** Chicago, Illinois-based co, which is backed by Japan's SoftBank 9984.T, late Tues said Q1 rev grew 75% y/y to $255.7 mln, topping Wall Street analysts' estimate of $...Reuters
Wed, May 7
Other
Aerospace faces wider tariffs as Europe draws up retaliation
EU to announce potential tariff counter-measures on ThursdayRoughly $100 billion in U.S. imports to be targeted, FT saysAirbus and Boeing call for return to duty-free status By Shivansh Tiwary and Tim Hepher May 7 (Reuters) - Aerospace companies are preparing for the next chapter in a new trade w...Reuters
Wed, May 7
Stocks
LIVE MARKETS-Retail investors bet on broader market rebound amid April volatility
Dow up; S&P 500, Nasdaq slipCons Disc leads S&P 500 sector gainers; Comm Srv off mostEuro STOXX 600 index down ~0.6%Dollar slips; crude dips; gold down >1%; bitcoin up ~2.4%US 10-Year Treasury yield edges down to ~4.28%Welcome to the home for real-time coverage of markets brought to you b...Reuters
Wed, May 7
Stocks
Uber's quarterly revenue miss turns spotlight on slowing ride-hailing growth
By Akash SriramMay 7 (Reuters) - Uber's core ride-hailing business posted its slowest revenue growth since the pandemic in the first quarter due to sluggish U.S. travel demand, but executives signaled confidence in navigating the economic uncertainty with an upbeat forecast.The company UBER.N ha...Reuters
Wed, May 7
Other
Rising UK weather payouts prompt ABI calls for more flood defence funding
By Edward CarronMay 7 - (The Insurer) - Weather-related damage to UK homes totalled 226 million pounds during the first quarter of 2025, the Association of British Insurers said on Wednesday. The ABI said the damage represented the highest quarterly loss on record. However, the association's cu...Reuters
Wed, May 7
Other
White Mountains highlights 94% Ark CR despite wildfire losses
By David BullMay 7 - (The Insurer) - White Mountains-owned Ark delivered a combined ratio of 94% in the first quarter that matched the prior-year period, despite 25 points of cat losses driven by the California wildfires as the London and Bermudian (re)insurer benefited from 14 points of net favoura...Reuters
Wed, May 7
Commodities
Bessent says IMF's SDR system should serve US interests, not aid wealthy countries
WASHINGTON, May 7 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that the International Monetary Fund's Special Drawing Rights allocation system should serve U.S. interests and not be geared towards aiding large, well-financed countries.Bessent also told a U.S. House of Repr...Reuters
Wed, May 7
Commodities
US farm secretary says new dietary guidelines coming "hopefully" in early fall
WASHINGTON, May 7 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said during a Wednesday hearing in the House of Representatives that new dietary guidelines developed with health secretary Robert F. Kennedy, Jr., will come in "hopefully early fall."Reuters
Wed, May 7
Other
CORRECTED-Ex-Obama cabinet secretary Jeh Johnson leaves law firm Paul Weiss for Columbia post
Departure comes after Paul Weiss struck deal with Trump over executive orderJohnson served as Homeland Security chief under ObamaHe will co-chair Columbia's board of trusteesBy David Thomas May 6 (Reuters) - Former U.S. Homeland Security Secretary Jeh Johnson is retiring from law firm Paul We...Reuters
Wed, May 7
Stocks
It's a Small World After All for Disney
Walt Disney (NYSE: DIS) is delivering a "beat and raise" performance in more ways than one on Wednesday. The family entertainment behemoth announced better-than-expected financial results, boosting its guidance for all of fiscal 2025 in the process. Disney also announced that it will help "raise" a ...The Motley Fool
Wed, May 7
Stocks
Albertsons upgraded: Analyst sees investors seeking cheap, defensive stocks in H2
Investing.com -- BMO Capital upgraded Albertsons (NYSE:ACI) to Outperform and raised its price target to $25 a share, citing the potential for investors to rotate into “cheap, defensive stocks” in theInvesting.com
Wed, May 7
Other
Stellantis to cut up to 500 jobs through voluntary exits at Italy's Melfi plant, union says
May 7 (Reuters) - Carmaker Stellantis STLAM.MI will cut up to 500 jobs through voluntary exits at its Melfi assembly plant in southern Italy, which employs around 5,000 people, the Fiom-Cgil union said on Wednesday in a statement. This follows a recent announcement for a similar voluntary redundancy...Reuters
Wed, May 7
