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Verisk beats profit estimates on demand for data analytics products
May 7 (Reuters) - Verisk Analytics VRSK.O reported a better-than-expected profit for the first quarter on Wednesday, driven by demand for its data analytics products primarily used by property and casualty (P&C) insurers to assess policy risks.P&C insurers have been facing higher losses due ...Reuters
Wed, May 7
Other
EXCLUSIVE-Ford hikes prices on Mexico-produced models, citing tariffs
By Nora Eckert DETROIT, May 7 (Reuters) - Ford Motor F.N is hiking prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump's tariffs. Prices on the Mustang Mach-E electric SUV, Mav...Reuters
Wed, May 7
Stocks
South African rand slips after strong run
JOHANNESBURG, May 7 (Reuters) - The South African rand slipped on Wednesday as investors took profits after a strong run against the dollar.At 1230 GMT, the rand traded at 18.2825 to the U.S. currency ZAR=D3, down about 0.5% on Tuesday's closing level.The rand had strengthened for the previous f...Reuters
Wed, May 7
Cryptocurrencies
Will Tokenized IPOs from Citi, Switzerland’s SDX Signal Adoption of Crypto Presale Model?
What are crypto presales? At their most basic, crypto presales are a way to purchase tokens before they launch on exchanges. For some tokens, investors get a chance to grab tokens when they’re at the absolute lowest price they’ll ever be. Now, there’s a real chance that the crypto presale model is c...Bitcoinist
Wed, May 7
Cryptocurrencies
MicroStrategy and Coinbase Embrace AI, Bringing the Best AI Crypto Coins Into the Spotlight
The ongoing appeal of AI tech in the crypto sphere is second to none. Just look at MicroStrategy, for instance. Its founder, Michael Saylor, recently revealed that he used AI chatbots to help build the company’s expansive $52B Bitcoin empire. Meanwhile, Coinbase – one of the best crypto exchanges – ...Bitcoinist
Wed, May 7
Other
Gogo Inc expected to post earnings of 8 cents a share - Earnings Preview
Gogo Inc GOGO.OQ GOGO.O is expected to show a rise in quarterly revenue when it reports results on May 9 for the period ending March 31 2025The Broomfield Colorado-based company is expected to report a 105.6% increase in revenue to $214.446 million from $104.32 million a year ago, according to the...Reuters
Wed, May 7
Commodities
PRESS DIGEST-Canada - May 7
May 7 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** The premiers of Ontario and Alberta differed on the success of Prime Minister Mark Carney's first in-person mee...Reuters
Wed, May 7
Other
Anika Therapeutics Inc expected to post a loss of 14 cents a share - Earnings Preview
Anika Therapeutics Inc ANIK.OQ ANIK.O is expected to show a fall in quarterly revenue when it reports results on May 9 for the period ending March 31 2025The Bedford Massachusetts-based company is expected to report a 30.7% decrease in revenue to $28.067 million from $40.52 million a year ago, acc...Reuters
Wed, May 7
Other
Europe reviews Valneva's chikungunya vaccine after reports of serious side-effects in older people
May 7 (Reuters) - The European Union's health regulator said on Wednesday it has begun a review of Valneva's VLS.PA chikungunya vaccine after reports of serious adverse events in older adults, including two deaths globally.Reuters
Wed, May 7
Other
Ocugen Inc expected to post a loss of 6 cents a share - Earnings Preview
Ocugen Inc OCGN.OQ OCGN.O is expected to show a fall in quarterly revenue when it reports results on May 9 for the period ending March 31 2025LSEG's mean analyst estimate for Ocugen Inc is for a loss of 6 cents per share. The current average analyst rating on the shares is "buy" and th...Reuters
Wed, May 7
Other
Veren Inc expected to post earnings of 32 cents a share - Earnings Preview
Veren Inc VRN.TO is expected to show a rise in quarterly revenue when it reports results on May 9 for the period ending March 31 2025The Calgary Alberta-based company is expected to report a 33.4% increase in revenue to C$1.064 billion from C$797.7 million a year ago, according to the estimate fr...Reuters
Wed, May 7
Stocks
BorgWarner rises after lifting annual sales forecast
** Auto parts supplier BorgWarner BWA.N shares rise 4% to $30 premarket** Co raises 2025 sales outlook, citing expectation of stronger foreign exchange and tariff-fueled customer recoveries** BWA expects 2025 net sales to be in the range of $13.6 bln to $14.2 bln, compared to prior expectation of be...Reuters
Wed, May 7
Other
Enbridge Inc expected to post earnings of 95 cents a share - Earnings Preview
Enbridge Inc ENB.TO is expected to show a rise in quarterly revenue when it reports results on May 9 for the period ending March 31 2025The Calgary Alberta-based company is expected to report a 7.3% increase in revenue to C$11.849 billion from C$11.04 billion a year ago, according to the estimate...Reuters
Wed, May 7
Other
Azimut Holding Increases Stake In Highpost Capital To 56%
May 7 (Reuters) - Azimut Holding SpA AZMT.MI:INCREASES STAKE IN HIGHPOST CAPITAL TO 56%MARK BEZOS APPOINTED HEAD OF STRATEGIC PARTNERSHIPS AT AZIMUT US50% OF SECONDARY PROCEEDS TO BE IN FORM OF AZIMUT HOLDING SHARESDAVID MOROSS TO CONTINUE TO LEAD HIGHPOST AS CEO, TO BECOME SENIOR ADVISOR TO AZIMUT ...Reuters
Wed, May 7
Stocks
AvidXchange rises on $2.2 billion buyout deal with TPG, Corpay
** Payments firm AvidXchange's AVDX.O shares gain 18.7% to $9.73 before the bell** AVDX late Tuesday announced it had agreed to be taken private by buyout giant TPG TPG.O in partnership with payments firm Corpay CPAY.N ** TPG and CPAY will pay $10 per share in cash transaction valuing AVDX at $2...Reuters
Wed, May 7
Other
Veren Inc expected to post earnings of 36 cents a share - Earnings Preview
Veren Inc VRN.TO is expected to show a rise in quarterly revenue when it reports results on May 9 for the period ending March 31 2025The Calgary Alberta-based company is expected to report a 27.0% increase in revenue to C$1.013 billion from C$797.7 million a year ago, according to the mean estima...Reuters
Wed, May 7
Other
EXCLUSIVE-Ford hikes prices on Mexico-produced models, citing tariffs
By Nora EckertDETROIT, May 7 (Reuters) - Ford Motor F.N is hiking prices on three of its Mexico-produced models effective May 2, becoming one of the first major automakers to adjust sticker prices following U.S. President Donald Trump's tariffs. Prices on the Mustang Mach-E electric SUV, Maveric...Reuters
Wed, May 7
