News
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Stocks
Nelson Tanure's Trustee reduces stake in Brazil's GPA to below 5%
SAO PAULO, May 7 (Reuters) - Trustee Distribuidora de Titulos e Valores Mobiliarios, an asset manager controlled by businessman Nelson Tanure, reduced its stake in Grupo Pao de Açucar PCAR3.SA to below 5%, the Brazilian retailer said in a statement on Wednesday. The decision comes amid a battle for ...Reuters
Wed, May 7
Stocks
Premium Brands Holdings Corp reports results for the quarter ended March 31 - Earnings Summary
Premium Brands Holdings Corp PBH.TO reported quarterly adjusted earnings of 68 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of nine analysts for the quarter was for earnings of 69 cents per ...Reuters
Wed, May 7
Stocks
Flex Ltd reports results for the quarter ended March 31 - Earnings Summary
Flex Ltd FLEX.OQ reported quarterly adjusted earnings of 73 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of nine analysts for the quarter was for earnings of 70 cents per share. Wall Street ...Reuters
Wed, May 7
Cryptocurrencies
Cena Bitcoinu sa chystá prekročiť 100 tisíc $. Podporí rast rozhodnutie FED?
Cena Bitcoinu je momentálne k 97 115 $ a nálada na trhu je opäť optimistická. Za posledný mesiac si držitelia BTC pripísali vo svojich peňaženkách približne 27 %. Celkový objem trhovej kapitalizácie najdominantnejšej kryptomeny sa tak vyšplhal na 1,92 biliónov dolárov. Dlhodobo je Bitcoin stále najv...Bitcoinist
Wed, May 7
Other
King Risk Partners names Joel Eubank COO
By Navneeta NandanMay 7 - (The Insurer) - U.S.-based broker King Risk Partners has appointed Joel Eubank as chief operating officer.Eubank, who began the role last month, was previously COO and chief financial officer of Dealer Services at Brown & Brown Insurance, where he led acquisition integr...Reuters
Wed, May 7
Other
Vance says no conversation between US, China on strategic deal on Taiwan
WASHINGTON, May 7 (Reuters) - The United States and China have not had a conversation about a strategic deal on Taiwan, U.S. Vice President JD Vance said on Wednesday.Vance told an event hosted by the Munich Security Conference in Washington that the Trump administration was working to rebalance glo...Reuters
Wed, May 7
Commodities
Grisly Peru mining murders spotlight 'gold curse' in the Andes
By Sebastian Castaneda, Marco Aquino TRUJILLO, Peru, May 7 (Reuters) - Peruvian mining sector worker Frank Monzón was aware of the risks, but the lure of gold deep in the Andean rock of northern Pataz province outweighed the danger. Now he and 12 others are dead in one of the country's worst ...Reuters
Wed, May 7
Other
Teva Pharm's US production will help to limit US tariffs impact, CEO says
JERUSALEM, May 7 (Reuters) - Teva Pharmaceutical Industries TEVA.TA has a strong manufacturing footprint in the United States that should enable it to avoid significant damage from potential U.S. tariffs, chief executive Richard Francis told Reuters on Wednesday.Speaking after Teva TEVA.N issued fir...Reuters
Wed, May 7
Other
-Charles River agrees with Elliott to add new directors, review business
By Svea Herbst-Bayliss BEVERLY HILLS, May 7 (Reuters) - Pharmaceutical company Charles River Laboratories CRL.N has reached a settlement with activist investor Elliott Investment Management to add four new directors to its board and launch a strategic review of the business. Elliott's Global ...Reuters
Wed, May 7
Stocks
Global Indemnity Group LLC reports results for the quarter ended March 31 - Earnings Summary
Global Indemnity Group LLC GBLI.N reported quarterly adjusted earnings of 57 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of two analysts for the quarter was for earnings of 24 cents per shar...Reuters
Wed, May 7
Stocks
How large could the compute demand for GenAI inference become? UBS discusses
Investing.com -- Despite investor concerns about tariffs and AI infrastructure overspending, UBS sees generative AI (genAI) inference compute demand poised to expand dramatically across sectors.AccordInvesting.com
Wed, May 7
Stocks
One Stop Systems Inc reports results for the quarter ended March 31 - Earnings Summary
One Stop Systems Inc OSS.OQ reported a quarterly adjusted loss of 7 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of three analysts for the quarter was for a loss of 5 cents per share. Wall St...Reuters
Wed, May 7
Stocks
Uber retreats after Q1 rev misses expectations
** Shares of Uber Technologies UBER.N down 3.1% at $83.15 early Weds and threatening to snap three-session winning streak after qtrly rev missed Wall Street's expectations** San Francisco, California-based firm's growth in its ride-hailing unit slowed to weakest since the pandemic, amid unce...Reuters
Wed, May 7
Stocks
Rockwell Automation jumps after raising 2025 profit forecast
** Rockwell Automation's ROK.N shares rise 12% to $283** Company raises 2025 profit forecast, banking on stronger margins and demand for automation products** ROK expects annual adj. profit/share to be between $9.20 and $10.20, up from its prior expectation range of $8.60 to $9.80** Company post...Reuters
Wed, May 7
Other
Vance says "so far, so good" with Iran nuclear talks
WASHINGTON, May 7 (Reuters) - U.S. Vice President JD Vance on Wednesday described U.S. talks with Iran as "so far, so good" and said there was a deal to be made that would reintegrate Iran into the global economy while preventing it from getting a nuclear weapon.Vance said President Donald ...Reuters
Wed, May 7
Other
Howden Re adds Kahraman to Germany team
By Scott VincentMay 7 - (The Insurer) - Howden Re has added Pascal Kahraman as a director within its broking team in Germany, the company said on Wednesday.The reinsurance broker said Kahraman had been operating from the company's Munich office since joining the team last month. Kahraman most re...Reuters
Wed, May 7
Stocks
Bgc Group Inc reports results for the quarter ended March 31 - Earnings Summary
Bgc Group Inc BGC.OQ reported quarterly adjusted earnings of 29 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of two analysts for the quarter was for earnings of 28 cents per share. Wall Stre...Reuters
Wed, May 7
Stocks
Steven Madden rises after quarterly earnings beat
** Shares of shoe maker Steven Madden SHOO.O rise as much as 14% to $22.69 in early trading** Stock set for its best day in over five years, if gains hold** Co reports Q1 adjusted EPS of 60 cents vs estimates of 45 cents - data compiled by LSEG** SHOO also announces completion of its acquisition of ...Reuters
Wed, May 7
Technical Analysis
EUR/USD Price Forecast: Symmetrical triangle break in focus as Fed decision looms
EUR/USD is nearing a technical inflection point, where macroeconomic divergence and chart compression converge. While strong data from Germany and France support the Euro (EUR), weak retail sales and Federal Reserve (Fed) uncertainty have dampened momentum.
Fxstreet
Wed, May 7
