News
Important Only
Stocks
Oil firms slide as OPEC+ accelerates output hikes
** S&P 500 energy index down 1.5%, tracking oil prices O/R** Brent crude futures LCOc1 down 1.8% at $60.17/barrel; U.S. West Texas Intermediate crude CLc1 slips 2.1% to $57.03/barrel** Oil prices decline as OPEC+, over the weekend, accelerated oil output hikes, raising concerns about more supply...Reuters
Mon, May 5
Cryptocurrencies
Bitcoin briefly drops below $94K amid $2 billion in ETF inflows and Strategy purchase
Bitcoin (BTC) briefly declined below $94,000 on Monday following a slight increase in profit-taking among investors. This comes after investment products tracking the top digital asset recorded a second consecutive week of positive flows worth $1.8 billion.
Fxstreet
Mon, May 5
Other
Franklin Templeton CEO says meaningful tax cuts, tariff progress would calm markets
By Suzanne McGeeMay 5 (Reuters) - Jenny Johnson, CEO of Franklin Templeton BEN.N, said she believes signs of "meaningful" progress on tax cuts and tariff negotiations with U.S. trading partners would help to calm turbulent markets.Speaking to an audience at the Milken Institute's global ...Reuters
Mon, May 5
Other
US Army pausing helicopter training flights around Pentagon -- official
WASHINGTON, May 5 (Reuters) - The U.S. Army is pausing helicopter training flights around the Pentagon pending a review into two passenger airline flights that were forced to abort landings at Reagan Washington National Airport on Thursday because of a nearby Black Hawk helicopter.The Army's...Reuters
Mon, May 5
Other
Google has launched new film and TV production wing, Business Insider reports
May 5 (Reuters) - Alphabet's Google GOOGL.O has launched a new film and TV production initiative called "100 Zeros" to focus on identifying projects that the tech giant can help fund or produce, Business Insider reported on Monday.The initiative is a multi-year partnership with Range Med...Reuters
Mon, May 5
Other
REFILE-Democratic-led states sue to prevent Trump from gutting health agencies
May 5 (Reuters) - A group of Democratic-led states filed a lawsuit on Monday to challenge the Trump administration's decision to gut the U.S. Department of Health and Human Services by firing 10,000 of its employees and shuttering entire agencies within the department.Attorneys general from 19 s...Reuters
Mon, May 5
Stocks
2 Top Growth Stocks to Buy and Hold Forever
Selecting stocks to buy and hold for a lifetime will naturally lead investors to focus on the best companies in the world. With all the uncertainty swirling around the markets and economy this year, this is more relevant than ever.Some of the best companies to invest in are ones that sell a service ...The Motley Fool
Mon, May 5
Stocks
Carlyle CEO Harvey Schwartz says actively looking for investments
May 5 (Reuters) - Harvey Schwartz, CEO of the Carlyle Group, says his firm is actively seeking opportunities to deploy some of the firm's $80 billion in free capital into new investments.Schwartz, speaking to the annual Milken Institute's global conference, said the timing of any new investm...Reuters
Mon, May 5
Stocks
Why Shares of Tesla Are Sinking Today
Shares of the electric vehicle (EV) maker Tesla (NASDAQ: TSLA) traded roughly 3.3% lower as of 12:21 p.m. ET today. Sales continued to struggle in Europe and the stock also fell, despite an analyst recommending that investors hold the name.Sales in Europe aren't improvingTesla's stock has been hit h...The Motley Fool
Mon, May 5
Stocks
The Best Company in Big Tech?
In this podcast, Motley Fool analyst Nick Sciple and host Dylan Lewis discuss:Microsoft posting double-digit growth across five segments and continuing to put capital expenditures to work on AI and the cloud.Why Microsoft is leading big tech and has the best near-term outlook for the "Magnificent Se...The Motley Fool
Mon, May 5
Other
Versus Media Holdings Files For Offering Of Minimum 21.8 & Maximum 65.5 Class A Ordinary Shares - SEC Filing
May 5 (Reuters) - VS Media Holdings Ltd VSME.O:VERSUS MEDIA HOLDINGS LTD: FILES FOR OFFERING OF MINIMUM 21.8 AND MAXIMUM 65.5 CLASS A ORDINARY SHARES - SEC FILINGSource text: [ID:n0001641172-25-008650]Reuters
Mon, May 5
Stocks
Onsemi falls after Q1 revenue declines as end-market demand remains weak
** Chipmaker Onsemi's ON.O shares reverse premarket gains to fall 8.7% to $38.28 in afternoon trading ** Co's Q1 rev falls ~22% from a year earlier to $1.45 bln, but exceeds analysts' average estimate $1.40 bln, according to data compiled by LSEG** Morningstar says Onsemi remains in t...Reuters
Mon, May 5
Economic Indicator
WRAPUP 1-US services sector expands with hints of rising price pressures
Services sector PMI increases 0.8 point to 51.6 in AprilPrices paid index highest since January 2023; orders riseTariffs, government funding cuts worrisome for businesses By Lucia Mutikani WASHINGTON, May 5 (Reuters) - The U.S. services sector's growth picked up in April, while a measure of p...Reuters
Mon, May 5
Other
Romania PM resigns after far-right wins first-round of president vote
Far-right leader Simion won first-roundHe will face centrist mayor in May 18 run-offRomanian local debt yields jump, eurobond prices fall By Luiza Ilie and Elizaveta Gladun BUCHAREST, May 5 (Reuters) - Romanian Prime Minister Marcel Ciolacu resigned on Monday, a day after a far-right oppositi...Reuters
Mon, May 5
Other
Allies seek deal on more Patriots for Kyiv before NATO summit, source says
Ukraine desperate to get more PatriotsU.S. officials say plan to provide systems came under BidenZelenskiy said he and Trump discussed missile defenseBy Sabine Siebold BERLIN, May 5 (Reuters) - Ukraine's Western allies are in discussions about supplying additional Patriot air defence systems ...Reuters
Mon, May 5
Other
Citigroup CEO Says Put $800 Million Into The Apollo Vehicle With Which We Had A $25 Billion Private Credit Partnership - Milken Conference
May 5 (Reuters) - Citigroup Inc C.N:CITIGROUP CEO SAYS PUT $800 MILLION INTO THE APOLLO VEHICLE WITH WHICH WE HAD A $25 BILLION PRIVATE CREDIT PARTNERSHIP - MILKEN CONFERENCEReuters
Mon, May 5
