News
Important Only
Commodities
Offshore producer Beacon sees first oil from Shenandoah in June
HOUSTON, May 6 (Reuters) - U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June 2025, a company executive said on Tuesday at a conference in Houston.The floating production unit, which is expected to produce 120,000 barrels of oil per...Reuters
Tue, May 6
Cryptocurrencies
Worldcoin Collapsing? Two Nations Ban Biometric Crypto Project
The Sam Altman-backed cryptocurrency venture Worldcoin is facing stern legal issues on more than one front. A Kenyan court has ruled that the firm’s business is not legal, a day after Indonesian officials suspended its activities. The one-two regulatory blows have caused Worldcoin’s toke...Bitcoinist
Tue, May 6
Technical Analysis
GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
The Pound Sterling advanced for the second consecutive day, gaining over 0.65% against the US Dollar amid a scarce economic docket on both sides of the Atlantic. Major central banks like the Federal Reserve and the Bank of England (BoE) are preparing for their policy meetings.
Fxstreet
Tue, May 6
Stocks
3 Undervalued Dividend Stocks You Can Buy Now in May 2025
Investing in dividend stocks is an excellent way to build passive income.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »*Stock prices used were the afternoon prices of May 3, 2025. The video was published on May...The Motley Fool
Tue, May 6
Other
WTW: Auto liability seeing highest rate rises in 'highly segmented' North America casualty market
By Chris MunroMay 5 - (The Insurer) - North American casualty pricing trends remain highly segmented with auto liability set to see the greatest rate rises at up to 20%, while at the opposite end of the spectrum workers’ compensation clients could continue to secure reductions with others seeing a s...Reuters
Tue, May 6
Economic Indicator
New York Fed finds easing supply chain pressures in April
Supply chain pressures eased in April despite trade uncertaintyNY Fed data suggests goods moving smoothly across bordersTariffs do not seem to be breaking supply chains so farBy Michael S. Derby NEW YORK, May 6 (Reuters) - Supply chain pressures eased last month even as economies around the world...Reuters
Tue, May 6
Commodities
MPLX’s reports Q1 profit rise on higher volumes, expects minimal tariff impact
By Mrinalika RoyMay 6 (Reuters) - U.S. midstream company MPLX MPLX.N on Tuesday reported a rise in quarterly earnings helped by higher volumes and transportation rates and said it expects minimal impact from tariffs on its operations."At this juncture for what we know about tariffs...it really h...Reuters
Tue, May 6
Stocks
Hims & Hers rises after Q1 results beat
** Shares of telehealth firm Hims & Hers Health HIMS.N reverse premarket falls to rise as much as 10.7% to $46.35 ** HIMS posts Q1 revenue of $586.0 million, beating analysts' estimates of $538.2 million - data compiled by LSEG ** Co reports Q1 adj profit of 20 cents per share vs e...Reuters
Tue, May 6
Stocks
Marriott rises after Q1 earnings beat estimates
** Hotel operator Marriott International's MAR.O shares up 2.3% at $253 ** Co posts Q1 profit of $2.32/share, above estimates of $2.25/share, according to data compiled by LSEG** MAR posts Q1 revenue of $6.26 bln, compared with analysts' average estimate of $6.17 bln** However, co cuts 202...Reuters
Tue, May 6
Commodities
REFILE-Putin and Xi to talk energy, discuss Power of Siberia 2 gas pipeline
MOSCOW, May 6 (Reuters) - Russia's Vladimir Putin and China's Xi Jinping will discuss the "most sensitive" issues, including energy cooperation and a proposed Power of Siberia 2 gas pipeline to China, Kremlin aide Yuri Ushakov said on Tuesday.Xi will start an official four-day visit ...Reuters
Tue, May 6
Commodities
Rollins says USDA not planning to close any Farm Service Agency offices
WASHINGTON, May 6 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said at a Senate hearing on Tuesday that the agency is not planning to close any of the country's 4,500 Farm Service Agency offices that serve farmers.Reuters
Tue, May 6
Stocks
US meal deliverer DoorDash to buy UK's Deliveroo in $3.9 billion deal
DoorDash offers Deliveroo 180 pence per shareDeliveroo Independent Committee recommends offerOffer final, but DoorDash reserves right to increase it if third party emergesDoorDash to also buy software firm SevenRooms for $1.2 billionBy Pushkala Aripaka and Anuja Bharat Mistry May 6 (Reuters) - U....Reuters
Tue, May 6
Other
Southgobi Resources Updates On Mongolia Tax Audit
May 6 (Reuters) - SouthGobi Resources Ltd SGQ.V:UPDATE ON MONGOLIA TAX AUDITTDRC CONCLUDED THAT TAX PENALTY AGAINST SGS BE REDUCED FROM US$80.0 MILLION TO US$26.5 MILLIONON APRIL 25 UNIT OBTAINED COPY OF ORDER DATED APRIL 15 ISSUED BY ADMINISTRATIVE COURT OF FIRST INSTANCE IN ULAANBAATARReuters
Tue, May 6
Stocks
Drugmakers fall as Trump signals announcement on medicine costs
** Shares of U.S drugmakers fall after President Trump signaled he would make an announcement next week on the cost of medicines** Shares of Eli Lilly LLY.N and Abbvie ABBV.N fall 3% each, Merck MRK.N down 2.5%, Gilead GILD.O slip 2.4%, Amgen AMGN.O down 2.2%, Pfizer PFE.N fall 1.7%** The S&P 50...Reuters
Tue, May 6
Commodities
CANADA RESEARCH ROUNDUP-Air Canada, Baytex Energy, Parkland
May 6 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Air Canada, Baytex Energy and Parkland on Tuesday. HIGHLIGHTS * Air Canada AC.TO: Raymond James cuts target price to C$24 from C$28 * Baytex Energy Corp BTE.TO: Raymond James c...Reuters
Tue, May 6
Cryptocurrencies
UK Treasury says it doesn’t want anything to do with a Bitcoin reserve
The UK Treasury doesn’t want a Bitcoin reserve and it’s making sure we get that. Speaking at the Financial Times Digital Asset Summit in London, Emma Reynolds, the Economic Secretary for the Treasury, said on record that the UK won’t be copying the United States government’s crypto hoarding. “We don’t think that’s appropriate for our […]Cryptopolitan
Tue, May 6
Other
US FDA to conduct unannounced inspections at foreign manufacturing facilities
May 6 (Reuters) - The U.S. Food and Drug Administration said on Tuesday it plans to conduct unannounced inspections at foreign manufacturing facilities that produce food, essential medicines, and other medical products intended for American consumers and patients.Reuters
Tue, May 6
Forex
Argentina FX rates converge as focus turns to reserves build-up
By Jorge OtaolaBUENOS AIRES, May 6 (Reuters) - Argentina's main exchange rates, the official peso ARS= and the black market ARSB=, have converged after almost six years of tight capital controls that spawned a host of parallel rates, with focus turning to the central bank's foreign currency ...Reuters
Tue, May 6
Commodities
Duke Energy beats quarterly estimates on higher electricity rates
May 6 (Reuters) - Utility Duke Energy DUK.N on Tuesday beat Wall Street expectations for first quarter revenue and profit, helped by higher electricity rates, retail sales and a colder winter. U.S. utilities have been making a case for higher customer electricity bills as power usage surges rapidly ...Reuters
Tue, May 6
Other
U.S. RESEARCH ROUNDUP-American Tower, GoDaddy, Labcorp
May 6 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies including American Tower, GoDaddy and Labcorp on Tuesday. HIGHLIGHTS * American Tower Corp AMT.N: Jefferies raises target price to $265 from $239* GoDaddy Inc GDDY.N: JP Morga...Reuters
Tue, May 6
