News
Important Only
Other
India dismisses report of Pakistan downing jets as "disinformation"
NEW DELHI, May 7 (Reuters) - The Indian Embassy in China on Wednesday dismissed as "disinformation" a social media post on X by China's state-run Global Times, which said that Pakistan had shot down Indian fighter jets.The embassy's statement followed the Global Times post, which sai...Reuters
Wed, May 7
Other
Bookrunner Says Goldman Sachs / ASML Exchangeable's New Issue Books Are Closed
May 7 (Reuters) - Bookrunner:BLOCK TRADE: GOLDMAN SACHS / ASML EXCHANGEABLE - NEW ISSUE BOOKS ARE CLOSED; ISSUE SIZE: EUR 400 MIO - BOOKRUNNERBLOCK TRADE: GOLDMAN SACHS / ASML EXCHANGEABLE - ALLOCATIONS WILL BE RELEASED SHORTLY - BOOKRUNNERReuters
Wed, May 7
Forex
REFILE-EU to set out next countermeasures against U.S. tariffs on Thursday, EU trade chief says
SINGAPORE, May 7 (Reuters) - The European Commission will announce on Thursday details of its plan for countermeasures against U.S. tariffs should negotiations with Washington fail, European Trade Commissioner Maros Sefcovic said on Wednesday."Tomorrow we will announce next preparatory steps, bo...Reuters
Wed, May 7
Other
Hub acquires Louisiana-based Demarie Insurance Agency
By Scott VincentMay 7 - (The Insurer) - Hub International has acquired FGLP Equity Partners, which trades as Demarie Insurance Agency, a personal and commercial lines agency based in Lake Charles, Louisiana.The Demarie team, led by its principal Aric Pohorelsky, will join Hub Gulf South, with the bu...Reuters
Wed, May 7
Stocks
Unity Earnings: Vector Launches Early
Here's our initial take on Unity Software's (NYSE: U) financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsRevenue$460 million$435 million(5%)BeatEarnings per share (adjusted)$0.28$0.24(14%)BeatCreate Solutions revenue$164 million$150 million(9%)n/aGrow Solutions revenue$297 million...The Motley Fool
Wed, May 7
Stocks
Street View: DoorDash's acquisition-led optimism amid soft macro
** U.S. meal delivery firm DoorDash DASH.O to buy Deliveroo ROO.L in a deal valuing the British rival at about 2.9 billion pounds ($3.85 billion)** DoorDash also forecast Q2 core profit largely below estimates; says it would spend ~$1.2 billion to buy SevenRooms, a hospitality-related software co** ...Reuters
Wed, May 7
Stocks
Tripadvisor Inc (Delaware) reports results for the quarter ended March 31 - Earnings Summary
Tripadvisor Inc (Delaware) TRIP.OQ reported quarterly adjusted earnings of 14 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 4 cents per...Reuters
Wed, May 7
Stocks
Coty slips after annual profit forecast cut on tariff woes
** Shares of skincare and perfume maker Coty COTY.N down 6.6% at $4.83 in early trading** Company trims fiscal 2025 profit forecast hit by macroeconomic and tariff uncertainty** Says based on current anticipated tariffs, expect gross headwind in low $100 million level, with impact to be felt in fisc...Reuters
Wed, May 7
Commodities
Rio Tinto extracts first gallium under collaboration with Indium
May 7 (Reuters) - Miner Rio Tinto RIO.L, RIO.AX said on Wednesday it has extracted its first primary gallium as part of a collaboration with Indium Corp, which aims to produce commercial quantities of the mineral.Reuters
Wed, May 7
Stocks
CANADA STOCKS-TSX opens higher on potential US-China trade de-escalation; Fed meet in focus
May 7 (Reuters) - Canada's main stock index opened higher on Wednesday as hopes of a de-escalation in the U.S.-China trade war firmed, while investors awaited the Federal Reserve's interest rate decision later in the day.At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TS...Reuters
Wed, May 7
Stocks
Hain Celestial Group Inc reports results for the quarter ended March 31 - Earnings Summary
Hain Celestial Group Inc HAIN.OQ reported quarterly adjusted earnings of 7 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 13 cents. The mean expectation of fifteen analysts for the quarter was for earnings of 13 cents per sh...Reuters
Wed, May 7
