News
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Stocks
This Magnificent Vanguard ETF Could Supercharge Your Portfolio While Protecting Against Stock Market Volatility
The stock market has been volatile the past few months, but if there's one silver lining right now, it's that many higher-priced investments are on sale.Investing during periods of turbulence can make it easier to snag stocks at a discount, but it can also set you up for significant gains when the m...The Motley Fool
Tue, May 6
Cryptocurrencies
$25 Million Pledge From Ripple Set To Benefit Teachers And Students Across The US
Ripple, the blockchain technology company, has announced a significant commitment of $25 million aimed at supporting US classrooms and teachers. This initiative is designed to equip both students and educators with essential resources to improve academic outcomes, foster economic resilience, and pre...NewsBTC
Tue, May 6
Cryptocurrencies
Spain’s blackout was a $454 million hit to the economy
Spain’s largest blackout on record shaved almost €400 million from the economy, Spain’s biggest domestic bank says, after an hours-long power cut stopped shopping and travel across most of the mainland. CaixaBank studied card payments, online orders, and cash withdrawals. It found that consumer spending on Sunday, 28 April, fell 34% during the blackout. Some […]Cryptopolitan
Tue, May 6
Cryptocurrencies
Top Expert Picks – Cardano (ADA), and 2 Must-Have Altcoins Under $0.05 to Buy Now
With May picking up momentum, leading crypto experts are wagering on three under-the-radar altcoins, beginning with Cardano (ADA) for long-term viability. However, it is the lower, less established tokens below $0.05 that are drawing interest. As Shiba Inu (SHIB) continues to captivate meme coin fans and Mutuum Finance (MUTM) receiving serious interest due to its […]Cryptopolitan
Tue, May 6
Stocks
Should Investors Buy StoneCo Stock After Considering Its Risks?
StoneCo (NASDAQ: STNE) stock investors are curious about the business as it faces significant operational risks.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »*Stock prices used were the afternoon prices of May 2,...The Motley Fool
Tue, May 6
Other
Auto file: Fog of (trade) war
By Nick Carey, European Autos Correspondent Greetings from London! I have given much thought of late to the unsung, underappreciated planning teams at automakers and suppliers across the global auto industry and the insane ride they have had over the last five years. We’ve had COVID-19 to deal with ...Reuters
Tue, May 6
Economic Indicator
US insurance composite rises 2.7% last week amid market rebound
By Carlos PallordetMay 6 - (The Insurer) – The North American insurance composite, compiled by investment banks Stonybrook and Weild & Co, recorded its fourth straight week of gains, with all 12 industry groups in the index ending in positive territory.The S&P 500 finished the week up 2.9% a...Reuters
Tue, May 6
Commodities
Bessent says US Treasury at 'warning track' on debt ceiling, vows no US default
WASHINGTON, May 6 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that the department was "at the warning track" in terms of exhausting remaining borrowing capacity under the federal debt ceiling, but vowed that the government would not default on its payment obligations.Be...Reuters
Tue, May 6
Other
REFILE-DIARY-Political and General News Events from May 6
May 6 (Reuters) - For other diaries, please see:Political and General News POL/DIARYTop Economic Events M/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt Auctions D/DIARYU.S. Federal Reserve FED/DIARYToday in Washington WASH/DIARY -----------------------------------------------...Reuters
Tue, May 6
Stocks
LIVE MARKETS-Near-term volatility aside, Mexico could weather the tariff storm quite well
Main US indexes red; Nasdaq off most, down ~0.7%Healthcare weakest S&P 500 sector; Utilities lead gainersEuro STOXX 600 index off ~0.3%Dollar down; bitcoin ~ flat; gold up ~1.4%; crude up >4%US 10-Year Treasury yield edges up to ~4.35%Welcome to the home for real-time coverage of markets brou...Reuters
Tue, May 6
Other
Investcorp And American University Of Bahrain Sign MoU For Educational Collaboration
May 6 (Reuters) - INVESTCORP:INVESTCORP AND AMERICAN UNIVERSITY OF BAHRAIN SIGN AN MOU FOR EDUCATIONAL COLLABORATIONINVESTCORP - MOU TO EXPAND EDUCATIONAL OPPORTUNITIES AND DRIVE INNOVATION IN BAHRAINReuters
Tue, May 6
Other
FM announces $1 billion membership credit after clients slash loss exposure by $1 trillion
By David BullMay 6 - (The Insurer) - FM has announced an “enhanced” $1 billion membership credit for eligible policyholders of the mutual, rewarding clients for reducing loss exposure related to property risk by an estimated $1 trillion last year.The $1 billion credit this year means that the commer...Reuters
Tue, May 6
Commodities
Constellation refocusing on grid-connected AI data center power projects
By Laila Kearney NEW YORK, May 6 (Reuters) - Constellation Energy CEG.O is increasingly focused on potential data center projects that connect to the U.S. electrical grid in a pivot away from the company's previous emphasis on fueling the giant server warehouses directly from its power plants...Reuters
Tue, May 6
Economic Indicator
Bessent says US data not showing recession, expects Q1 data to be revised upwards
WASHINGTON, May 6 (Reuters) - U.S. Treasury Scott Bessent on Tuesday said there was nothing in U.S. economic data which showed that the American economy was currently in a recession, despite a contraction in the first quarter gross domestic product (GDP).Bessent told the House Appropriations Committ...Reuters
Tue, May 6
Commodities
Argentina expects $8 bln surplus in energy trade balance this year, govt official says
HOUSTON, May 6 (Reuters) - Argentina expects a $8 billion surplus in its energy trade balance this year, compared to a $5.7 billion surplus last year, amid new government policies encouraging investment, the country's deputy energy secretary for liquid fuels, Federico Valler, said at a conferenc...Reuters
Tue, May 6
Technical Analysis
CHF rallies sharply as inflation falls, SNB faces dilemma – Rabobank
The Swiss franc’s strong performance and soft inflation have raised expectations of SNB action, while the euro’s recent strength is now under scrutiny amid economic headwinds and speculation about future ECB cuts, Rabobank's FX analyst Jane Foley notes.
Stocks
Leidos rises after Q1 earnings beat estimates
** Defense contractor Leidos Holdings LDOS.N rise 3% to $152** Co's Q1 earnings beat Wall Street estimates, helped by robust demand for weapon systems** LDOS posts Q1 revenue of $4.25 bln above analyst estimates of $4.10 bln, according to data compiled by LSEG ** The Reston, Virginia-based C...Reuters
Tue, May 6
Stocks
Should You Buy Apple Stock on the Dip?
Apple (NASDAQ: AAPL) reported increased iPhone sales, but the future looks uncertain as tariff costs loom for the smartphone pioneer.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 aft...The Motley Fool
Tue, May 6
Stocks
Duke Energy gains after upbeat first quarter results
** Shares of U.S. utility Duke Energy DUK.N rise 1.6% to $122.68** Company beats expectations for Q1 profit and revenue helped by higher electricity rates, retail sales and a colder winter** DUK posts Q1 adjusted profit of $1.76 per share vs estimate of $1.60 per share - data compiled by LSEG** Comp...Reuters
Tue, May 6
