News
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Stocks
INSTANT VIEW-Merz fails to be elected chancellor by German parliament, shares fall
LONDON, May 6 (Reuters) - German conservative leader Friedrich Merz failed to garner the parliamentary majority needed to become chancellor on Tuesday in an unexpected setback for his new coalition with the centre-left Social Democrats.German blue chip shares extended their fall on the news and was ...Reuters
Tue, May 6
Stocks
Hims & Hers falls after 'conservative' forecasts
** Shares of telehealth firm Hims & Hers Health HIMS.N fall 6.61% to $39.11 premarket** Co sees Q2 revenue to be between $530 million and $550 million, below estimates of $564.6 million - data compiled by LSEG** HIMS expects onetime quarter-over-quarter revenue drop in Q2, as it transitions subs...Reuters
Tue, May 6
Cryptocurrencies
Samourai Wallet accuses US authorities of concealing legal advice
Attorneys representing the co-founders of Samourai Wallet are claiming that US federal prosecutors concealed a legal opinion from the Treasury Department for more than a year, one that could undercut the government’s case against the service. The allegations, filed in a letter to a Manhattan federal court on Monday, assert that prosecutors charged the Samourai […]Cryptopolitan
Tue, May 6
Other
U.S. seeks breakup of Google's ad-tech products after judge finds illegal monopoly
US DOJ seeks divestiture of Google's ad tech productsGoogle says DOJ ask has "no basis in law"Google will face antitrust trial in September May 6 (Reuters) - The U.S. Department of Justice has proposed that Google sell its AdX digital ad marketplace and DFP platform for managing ...Reuters
Tue, May 6
Technical Analysis
NZD/USD: Likely to trade in a range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range vs US Dollar (USD), probably between 0.5930 and 0.5980. In the longer run, for the time being, NZD is expected to trade in a 0.5890/0.6005 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, May 6
Economic Indicator
RPT-Euro zone economic growth slows in April, services near stagnation, PMI shows
LONDON, May 6 (Reuters) - The euro zone economy continued to expand in April but at a slower pace as demand weakened and the dominant services sector nearly stagnated, suggesting the region's recovery remains fragile, a survey showed.The HCOB Eurozone Composite PMI Output Index, compiled by S&am...Reuters
Tue, May 6
Commodities
OPEC+ goes with another big supply hike – ING
OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy. With prospects of further large supply increases in the months ahead, we revised our oil forecasts lower, ING's commodity expert Warren Patterson notes.Fxstreet
Tue, May 6
Forex
FOREX-Dollar under pressure as investors await US trade deals
Markets growing nervous about absence of trade deals Dollar falls 0.5% on yenTaiwan dollar steadies after surging at start of weekInvestors still selling U.S. dollarsBy Rae Wee and Alun John SINGAPORE/LONDON, May 6 (Reuters) - The dollar struggled on Tuesday as investors began to grow itchy about...Reuters
Tue, May 6
Stocks
DoorDash falls after decision to buy Deliveroo
** Shares of U.S. meal delivery platform DoorDash DASH.O fall nearly 1% to $203.50 in trading before the bell ** DASH will buy Deliveroo ROO.L in a deal valuing the British rival at about 2.9 billion pounds ($3.86 billion)** The companies rekindled talks last month after DoorDash approached Delivero...Reuters
Tue, May 6
Commodities
Oil struggles as OPEC+ sticks to output hikes – Danske Bank
Oil prices remain under pressure after OPEC+ confirmed a third consecutive monthly output hike, reinforcing bearish sentiment in a market already unsettled by global trade tensions and geopolitical risks, Danske Bank's FX analysts report.Fxstreet
Tue, May 6
Stocks
Fliggy 2025 Labor Day Travel Insights Show Solid YoY Increase in Per Capita Travel Expenditure
Bookings for customized, domestic tours soar over 80% YoY HANGZHOU, China, May 6, 2025 /PRNewswire/ -- Fliggy, a leading online travel services platform and a wholly-owned subsidiary of Alibaba Group (NYSE: BABA and HKEX: 9988), has released insights into the 2025 Labor Day holiday travel tr...PR Newswire
Tue, May 6
Economic Indicator
UK new car sales drop in April on weak consumer confidence
Tesla UK sales drop 62%BEV registrations rise 8.1%, still below government targetIndustry analysts predict US car demand decline due to tariffs May 6 (Reuters) - British new car registrations fell more than 10% year-on-year in April, including a 62% plunge for Tesla TSLA.O, hit by weak consumer c...Reuters
Tue, May 6
Stocks
Robinhood Stock Is Crushing the S&P 500 in 2025, but I'm Worried About This 1 Thing
The S&P 500 (SNPINDEX: ^GSPC) is off to a bumpy start to 2025. It was down by as much as 15% year to date in April, but it has since staged a recovery and trimmed the loss to 4%. The volatility was triggered by President Donald Trump's "Liberation Day" tariffs, which investors fear might lead to an ...The Motley Fool
Tue, May 6
Cryptocurrencies
Crypto Analyst Calls Wave 5 To Send XRP Price Above $6
With the XRP price struggling to break out of consolidation, there is still a lot left for the altcoin to do before a definite uptrend can be registered. So far, it seems that the XRP price has already made its way through multiple support levels. However, a wave count is yet to begin that could sen...NewsBTC
Tue, May 6
Cryptocurrencies
Ethereum Poised For 500% Upside As Bullish Pattern Reappears, Cardano, Mutuum Finance May Follow
Ethereum is putting on its best bullish chart look that foreshadowed a big rally in 2021, and now commentators are warning a 500% upside could materialize. Since ETH regained some of its might and spurring fresh enthusiasm around the altcoins, its impending breakout is ready to trigger similar action among its peers. Cardano (ADA), with […]Cryptopolitan
Tue, May 6
Cryptocurrencies
Bank of England to cut interest rates on Thursday
The Bank of England is getting ready to slash rates by 0.25 percentage points on Thursday, which will drop the UK’s benchmark interest rate from 4.5% to 4.25%. That decision is coming straight from the Monetary Policy Committee (MPC), and it’s likely gonna be the first of many as policymakers prepare for more cuts in […]Cryptopolitan
Tue, May 6
