News
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Stocks
BREAKINGVIEWS-Skechers makes for a sneaky trade war buyout
By Sebastian Pellejero NEW YORK, May 5 (Reuters Breakingviews) - Buyout barons are slipping on some comfortable kicks. On Monday morning, sneaker brand Skechers SKX.N agreed to sell to 3G Capital for $9.4 billion — the footwear industry’s largest deal ever. With 85-year-old founder Robert Greenb...Reuters
Mon, May 5
Economic Indicator
Citigroup CEO says most business clients can absorb 10% tariffs
By Saeed Azhar NEW YORK, May 5 (Reuters) - Citigroup C.N CEO Jane Fraser said on Monday most of the bank's business clients could absorb U.S. tariffs of 10% on the nation's trading partners, but cautioned that companies are waiting on investments and hiring until there is more economic cl...Reuters
Mon, May 5
Other
Trump to sign order to encourage domestic drug manufacturing, WaPo reports
May 5 (Reuters) - U.S. President Donald Trump will sign an executive order on Monday to streamline regulations surrounding pharmaceutical manufacturing in the United States, the Washington Post reported, citing two White House officials.The new order directs the U.S. Food and Drug Administration to ...Reuters
Mon, May 5
Other
Top Senate Democrat seeks probe into Newark flight woes
WASHINGTON, May 5 (Reuters) - Senate Democratic Leader Chuck Schumer on Monday called for a probe into a probe into ongoing flight disruptions at Newark airport outside Manhattan that have disrupted hundreds of flights over the last eight days because of equipment and staffing issues.United Airlines...Reuters
Mon, May 5
Other
US State Dept approves potential sale of communications equipment to Czech Republic
May 5 (Reuters) - The U.S. State Department has approved the potential sale of communications equipment and related elements to the Czech Republic in a deal valued at $181 million, the Pentagon said on Monday.The principal contractor will be L3Harris Global Communications LHX.N, according to the rel...Reuters
Mon, May 5
Other
Trump says he had a productive call with Turkey's Erdogan, visits planned
Trump, Erdogan describe phone call "very productive"Russia's war in Ukraine, Gaza war, Syria and Iran discussedTrump says Erdogan invited him to Turkey and vice versaBy Humeyra PamukWASHINGTON, May 5 (Reuters) - U.S. President Donald Trump and Turkish President Tayyip Erdogan held a tele...Reuters
Mon, May 5
Stocks
Why MercadoLibre Stock Skyrocketed 20% in April
MercadoLibre (NASDAQ: MELI) stock jumped 20% in April, according to data provided by S&P Global Market Intelligence. The Latin American e-commerce giant is already a top growth stock, and it's looking even finer since the tariff program roiled the markets because it operates outside of the U.S.Tops ...The Motley Fool
Mon, May 5
Commodities
ICE canola futures fall on vegoils, crude oil weakness
WINNIPEG, Manitoba - May 5 (Reuters) - ICE canola futures dropped in sympathy with competing vegoils and crude oil on Monday.• July canola RSN5 settled down $6.30 at $701.70 per metric ton. November RSX5 settled down 50 cents at $656.90. Contracts for 2026 all slightly rose.• The old crop/new crop s...Reuters
Mon, May 5
Stocks
Why Intel Stock Fell 11.5% Last Month
Shares of semiconductor veteran Intel (NASDAQ: INTC) swooned 11.5% lower in April 2025, according to data from S&P Global Market Intelligence. There wasn't a single catalyst behind this price drop, but a certain theme developed in this four-week period.Is Intel hot or not? Image source: Getty Images...The Motley Fool
Mon, May 5
Economic Indicator
IMF to begin 5th review of Egypt's economic programme this week
CAIRO, May 5 (Reuters) - The International Monetary Fund will begin the fifth review of Egypt's $8 billion economic reform programme, with a team scheduled to arrive in Cairo this week, the IMF said in a statement on Monday.The IMF board approved the fourth review on March 11, unlocking a disbur...Reuters
Mon, May 5
Technical Analysis
Forex Today: Light data releases in China and Europe come to the fore
The US Dollar remained under pressure at the start of the new trading week, extending recent losses amid persistent selling interest. Investor focus is now turning to a series of key central bank rate decisions in the days ahead, with the Federal Reserve front and centre.
Fxstreet
Mon, May 5
Other
Reuters wins Pulitzer for investigation of fentanyl trade
May 5 (Reuters) - Reuters won the Pulitzer Prize in investigative reporting on Monday for a series of stories that penetrated the international trade in the chemicals used to make fentanyl, the drug at the heart of a crisis that has killed some 450,000 Americans and counting.For their seven-part ser...Reuters
Mon, May 5
Other
Rite Aid Files For Voluntary Chapter 11 Bankruptcy - Court Filing
May 5 (Reuters) - Rite Aid Corp RTA1.GTX:RITE AID FILES FOR VOLUNTARY CHAPTER 11 BANKRUPTCY - COURT FILINGRITE AID LISTS ESTIMATED ASSETS AND LIABILITIES IN THE RANGE OF $1 BILLION- $10 BILLION- COURT FILINGSource text: [ID:]Reuters
Mon, May 5
Cryptocurrencies
Nomad Hack suspect, Russian-born Gurevich, arrested in Israel, faces US extradition
Israeli authorities have arrested Alexander Gurevich, a suspect in the Nomad hack that resulted in the theft of $190 million in crypto assets from the cross-chain protocol, leading to its eventual collapse. According to reports, Alexander Gurevich was arrested at Ben Gurion Airport in Tel Aviv. He holds dual Russian and Israeli citizenship. However, he […]Cryptopolitan
Mon, May 5
Other
At least three die after small boat overturns near San Diego
May 5 (Reuters) - At least three people died and nine others were missing after a small boat overturned in the Pacific Ocean north of San Diego, a U.S. Coast Guard spokesperson said on Monday.Four people were transported to a local hospital, spokesperson Hunter Schnabel said.A Coast Guard cutter and...Reuters
Mon, May 5
Stocks
Why Recursion Pharmaceuticals Stock Was Getting Mashed on Monday
Recursion Pharmaceuticals (NASDAQ: RXRX) didn't have a fine start to the working week on Monday, at least as far as its stock was concerned. Investors traded out of it following the clinical-stage biotech's first-quarter earnings release and business update, and the share price was down by 15% in mi...The Motley Fool
Mon, May 5
Other
Watchdogs reviewing DOGE actions at CFPB, Democratic lawmaker says
May 5 (Reuters) - Two watchdog agencies have agreed to review efforts by Elon Musk's Department of Government Efficiency to dismantle the U.S. Consumer Financial Protection Bureau, according to letters released Monday by a high-ranking Democratic member of Congress.The Government Accountability ...Reuters
Mon, May 5
Forex
CANADA FX DEBT-Canadian dollar steadies ahead of Carney-Trump talks
Loonie trades in a range of 1.3787 to 1.3829Canada's services economy shrinks for fifth straight monthPrice of oil settles nearly 2% lowerCanada-U.S. 10-year spread increases by 2.8 basis pointsBy Fergal Smith TORONTO, May 5 (Reuters) - The Canadian dollar was barely changed against its U.S. ...Reuters
Mon, May 5
Commodities
CBOT wheat futures follow corn futures lower
May 5 - Chicago Board of Trade wheat futures fell on Monday on spillover weakness from corn futures, though weather concerns in China and the Black Sea helped add a floor to prices.Ahead of the U.S. Department of Agriculture's weekly crop progress report, analysts on average expect the USDA to r...Reuters
Mon, May 5
