News
Important Only
Commodities
I Squared, Enbridge and MPLX to acquire majority stake in Matterhorn natgas pipeline
May 6 (Reuters) - Infrastructure investment firm I Squared, midstream company MPLX LP MPLX.N, and pipeline operator Enbridge Inc ENB.TO have entered an agreement to acquire up to 85% interest in the Matterhorn Express gas pipeline, the companies said on Tuesday.Infrastructure company WhiteWater, whi...Reuters
Wed, May 7
Other
REFILE-EXCLUSIVE-U.S. may soon deport migrants to Libya on military flight, sources say
By Phil Stewart, Idrees Ali and Humeyra PamukWASHINGTON, May 6 (Reuters) - The United States may deport migrants to Libya for the first time this week, three U.S. officials said on Tuesday, despite Washington's past condemnation of its human rights practices and harsh treatment of detainees.Two ...Reuters
Wed, May 7
Other
Bessent, Greer to meet with Chinese officials in Switzerland this week
WASHINGTON, May 6 (Reuters) - U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer will meet with China's top economic official later this week in Switzerland, the two U.S. agencies said on Tuesday, marking an initial step in potential negotiations over President Do...Reuters
Wed, May 7
Technical Analysis
NEAR holds steady following Bitwise NEAR ETF filing
NEAR held steady above the $2 mark on Tuesday despite Bitwise's NEAR exchange-traded fund (ETF) filing with the Securities & Exchange Commission (SEC). The filing follows NEAR witnessing a sustained rejection around the upper boundary of a descending triangle.Fxstreet
Wed, May 7
Cryptocurrencies
Is It Time To Sell Off Dogecoin? Analyst Predicts Bullish Wave To $0.4
Dogecoin is currently trading at $0.169, continuing its pullback after it reached $0.19 in late April. However, price action over the last few days still shows some strength compared to the crash to $0.14 in early April. Despite this bit of hesitation in rally, the meme coin is building a structure ...Bitcoinist
Wed, May 7
Economic Indicator
Japan's service sector activity rebounds in April, PMI shows
TOKYO, May 7 (Reuters) - Japan's service sector activity returned to growth in April after stagnating the previous month, helped by improved orders, a stark contrast to continued weakness in manufacturing, a business survey showed on Wednesday.The final au Jibun Bank Japan Services purchasing ma...Reuters
Wed, May 7
Other
Rubio says Venezuela opposition allies from Argentine embassy on US soil
WASHINGTON/MEXICO CITY, May 6 (Reuters) - U.S. Secretary of State Marco Rubio said on Tuesday he welcomed the successful rescue of all "hostages" held by Venezuela's government at Argentina's embassy in Caracas. "Following a precise operation, all hostages are now safely on U.S...Reuters
Wed, May 7
Other
Mexican cartel leader Ovidio Guzman expected to reach plea deal on US drug charges
MEXICO CITY, May 6 (Reuters) - Mexican drug lord Ovidio Guzman is expected to reach a plea deal with U.S. authorities over drug trafficking charges he faced in the Northern District of Illinois, U.S. court records showed on Tuesday.Ovidio, son of the convicted Mexican drug lord Joaquin "El Chapo...Reuters
Wed, May 7
Stocks
Assurant Inc reports results for the quarter ended March 31 - Earnings Summary
Assurant Inc AIZ.N reported quarterly adjusted earnings of $3.39 per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $4.78. The mean expectation of eight analysts for the quarter was for earnings of $2.75 per share. Wall Street expecte...Reuters
Wed, May 7
Other
CORRECTED-Mexican cartel leader Ovidio Guzman expected to reach plea agreement over drug trafficking charges
MEXICO CITY, May 6 (Reuters) - Mexican drug lord Ovidio Guzman is expected to reach a plea deal with U.S. authorities over drug trafficking charges, U.S. court records showed on Tuesday.Reuters
Wed, May 7
Stocks
AMD forecasts $1.5 billion revenue hit from US curbs on China chip exports
May 6 (Reuters) - Advanced Micro Devices AMD.O on Tuesday forecast a $1.5 billion hit to revenue this year due to new U.S. curbs on chips, which require the company to obtain a license to ship advanced artificial-intelligence processors to China.
Reuters
Wed, May 7
Stocks
Select Water Solutions Inc reports results for the quarter ended March 31 - Earnings Summary
Select Water Solutions Inc WTTR.N reported quarterly adjusted earnings of 8 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of five analysts for the quarter was for earnings of 6 cents per share...Reuters
Wed, May 7
Commodities
Gold soars to two-week high on trade jitters, India-Pakistan tensions
Gold rallied to a two-week peak on Tuesday as the Chinese markets resumed operations following a long weekend holiday and concerns about US trade policies. Geopolitical risks also boosted the precious metal, with a new conflict emerging between Pakistan and India.
Fxstreet
Wed, May 7
Commodities
Oil’s bounce may be short-lived as OPEC+ supply surge looms: Scotiabank
Investing.com -- Crude Oil WTI Futures rebounded Tuesday, following a slump a day earlier when major oil producers announced plans to ramp up production in the coming months, but the bears may soon re
Investing.com
Wed, May 7
Other
Adentra Says Q1 Sales USD 542.5 Million
May 6 (Reuters) - ADENTRA Inc ADEN.TO:ADENTRA Q1 ADJUSTED EBITDA USD 40 MILLIONADENTRA Q1 GROSS MARGIN 21.6%ADENTRA Q1 SALES USD 542.5 MILLION VERSUS. IBES ESTIMATE USD 542.3 MILLIONADENTRA INC - Q1 ADJUSTED BASIC EARNINGS PER SHARE OF $0.42ADENTRA INC - WE MAINTAIN A CONSERVATIVE NEAR-TERM OUTLOOKA...Reuters
Wed, May 7
Stocks
Equities close lower as tariff uncertainty weighs
NEW YORK, May 6 (Reuters) - U.S. stocks were lower for a second straight session on Tuesday as comments from U.S. President Donald Trump and Treasury Secretary Scott Bessent provided little clarity to the timeline for any trade deals.Reuters
Wed, May 7
Stocks
Masterbrand Inc reports results for the quarter ended March 31 - Earnings Summary
Masterbrand Inc MBC.N reported quarterly adjusted earnings of 18 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 29 cents. The lone analyst forecast for the quarter was for earnings of 20 cents per share. Revenue rose 3.5% to...Reuters
Wed, May 7
