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Former Celsius CEO Fights DOJ’s 20-Year Punishment Proposal Ahead Of May 8 Sentencing
Celsius’ former CEO’s lawyers have filed a motion seeking a reduced one-year sentence and criticizing the US Department of Justice’s (DOJ) proposed 20-year punishment ahead of its upcoming sentencing hearing. Related Reading: Indonesia Suspends Sam Altman’s World Crypto Project For Alleged Registrat...Bitcoinist
Wed, May 7
Stocks
Honeywell rises after BofA upgrades rating on Q1 earnings
** Industrial and aerospace company Honeywell's shares HON.O rise 2.3% to $214.80 premarket** BofA lifts rating to "buy" from "neutral" following HON's "solid, beat-and-raise 1Q25 earnings" ** Lifts PT to $250 from $210, a 19% upside to the stock's last close*...Reuters
Wed, May 7
Stocks
CrowdStrike to layoff about 5% of its workforce; shares down
** Shares of cybersecurity company CrowdStrike CRWD.O fall 2.2% to $433.48 premarket ** CRWD to layoff about 500 employees, roughly 5% of its workforce, and will incur about $36 mln to $53 mln in charges related to layoffs, of which about $7 mln will be recognized in Q1 ended April 30** Co expects 2...Reuters
Wed, May 7
Forex
FOREX-Dollar rises versus yen, Swiss franc, Fed and trade talks in focus
US dollar rises against safe-haven currenciesUS-China negotiations, US Treasury auction support the greenbackInvestors await Fed policy meeting outcomeEuro edges down versus the dollarBy Stefano Rebaudo May 7 (Reuters) - The U.S. dollar rose against the safe-haven yen and Swiss franc while steady...Reuters
Wed, May 7
Stocks
Theriva Biologics soars after cancer drug meets main goal in mid-stage trial
** Shares of cancer therapy developer Theriva Biologics TOVX.A rise 80% to $2.45 premarket** Co says its experimental cancer drug, zabilugene almadenorepvec, when used with chemotherapy, met the main goal of improved overall survival and reduced risk of disease progression, in a mid-stage trial** Pa...Reuters
Wed, May 7
Stocks
GLOBAL MARKETS-World stocks pause as markets eye US-China talks, Fed rate decision
U.S., China to discuss trade in Switzerland at weekendDollar down for a fourth day, European stocks fallU.S. stock futures riseFed expected to hold interest ratesBy Yoruk Bahceli LONDON, May 7 (Reuters) - World stocks largely held onto recent gains on Wednesday and oil prices rose on news of a fo...Reuters
Wed, May 7
Forex
BorgWarner lifts annual sales forecast on stronger foreign currency, tariff-driven recovery
May 7 (Reuters) - Auto parts supplier BorgWarner BWA.N on Wednesday raised its annual sales outlook, citing expectation of stronger foreign exchange and tariff-fueled customer recoveries.Shares of the company rose about 3% in premarket trade. U.S. President Donald Trump's vacillating tariff poli...Reuters
Wed, May 7
Other
Uranium Energy Corp And Radiant Industries Announce U.S. Uranium Supply Agreement To Support Deployment Of Microreactors, Building The Full Nuclear Power Value Chain In America
May 7 (Reuters) - Uranium Energy Corp UEC.A:URANIUM ENERGY CORP AND RADIANT INDUSTRIES ANNOUNCE U.S. URANIUM SUPPLY AGREEMENT TO SUPPORT DEPLOYMENT OF MICROREACTORS, BUILDING THE FULL NUCLEAR POWER VALUE CHAIN IN AMERICAURANIUM ENERGY CORP - RADIANT TO TEST FIRST REACTOR IN 2026, BEGIN DEPLOYMENT IN...Reuters
Wed, May 7
Other
Xerox Corp - On May 6 Prices $100 Million In Senior Secured Notes Due 2031 - SEC Filing
May 7 (Reuters) - Xerox Holdings Corp XRX.O:XEROX CORP - ON MAY 6 PRICES $100 MILLION IN SENIOR SECURED NOTES DUE 2031 - SEC FILINGXEROX CORP - ADDITIONAL NOTES TO BE ISSUED AT 95% OF PRINCIPAL VALUE - SEC FILINGXEROX CORP - PROCEEDS TO FUND LEXMARK ACQUISITION - SEC FILINGXEROX HOLDINGS CORP: ON MA...Reuters
Wed, May 7
Stocks
Emerson Electric up after Q2 beat, lifting annual outlook
** Shares of engineering solutions provider Emerson Electric EMR.N rise 3% to $110.50 premarket** EMR raised its full-year underlying earnings outlook, citing strong demand for its automation services and products that drove Q2 profit ahead of estimates** Now expects full-year adj. EPS between $5.90...Reuters
Wed, May 7
Other
NiSource beats first-quarter profit estimates on robust power demand
May 7 (Reuters) - U.S. electric and gas utility NiSource NI.N beat Wall Street estimates for first-quarter profit on Wednesday, driven by strong demand for power.Utilities continue to benefit from rising electricity usage - expected to reach record highs in 2025 and 2026, according to the U.S. Energ...Reuters
Wed, May 7
Other
Germany's Merz calls on EU allies to boost defence spending on first foreign visit
BERLIN, May 7 (Reuters) - All members of the European Union must boost their defence spending to fill gaps in the bloc's capabilities and secure continued support for Ukraine, Germany's new Chancellor Friedrich Merz said in Paris on Wednesday."Only in this way can we gradually close our ...Reuters
Wed, May 7
Stocks
2 Top Dividend Stocks to Buy in May
The stock market is well off its recent lows, but there are still some attractive places to put money to work, and that's especially true when it comes to dividend stocks. In the real estate sector specifically, there are some excellent stocks worth taking a closer look at right now.Two of my favori...The Motley Fool
Wed, May 7
Stocks
LIVE MARKETS-Climbing the wall of worry
STOXX 600 down 0.3%Retail, health names lead lossesTraders await Fed decisionWall St futures edge higherWelcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CLIMBING THE ...Reuters
Wed, May 7
Other
MarketAxess tops profit expectations as market volatility fuels record trading
May 7 (Reuters) - Bond trading platform MarketAxess MKTX.O beat Wall Street estimates for first-quarter profit on Wednesday, as heightened market volatility sparked record trading results. WHY IT'S IMPORTANT Sweeping changes by U.S. President Donald Trump affecting global trade policy have i...Reuters
Wed, May 7
Stocks
Street View: FDA's new vaccine chief may raise bar for approvals
** The U.S. Food and Drug Administration on Tuesday named oncologist Vinay Prasad, a frequent critic of the pharmaceutical industry, as the director of its Center for Biologics Evaluation and Research HIGHER REGULATORY BAR ** BMO Capital Markets says the appointment "casts another shado...Reuters
Wed, May 7
Stocks
UK's FD Technologies soars on possible $723 million buyout
** Shares of data and analytics firm FD Technologies FDPF.L up 22.7% at 23.65 pounds, their highest level since May 2022** Among top gainers across all London stocks** Says it is in advanced talks with American private equity firm TA Associates over a possible acquisition offer, valuing the firm at ...Reuters
Wed, May 7
