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Law firm BCLP to lay off some US, UK staffers
By Sara Merken May 2 (Reuters) - International law firm Bryan Cave Leighton Paisner said Friday that it plans to cut about 8% of its professional staff.The firm said the planned cuts are focused on its business services employees, a group that includes paralegals, administrative support staff and...Reuters
Fri, May 2
Other
Service Properties Trust expected to post a loss of 51 cents a share - Earnings Preview
Service Properties Trust SVC.OQ SVC.O is expected to show a fall in quarterly revenue when it reports results on May 6 for the period ending March 31 2025The Newton Massachusetts-based company is expected to report a 1.0% decrease in revenue to $431.977 million from $436.25 million a year ago, acc...Reuters
Fri, May 2
Commodities
LIVESTOCK-CME cattle gallop to new highs on record cash prices
By Tom Polansek CHICAGO, May 2 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures stormed to contract highs on Friday, as tight U.S. supplies drove cash prices to records this week, traders said.Inventories are at their lowest levels in decades after drought in recent y...Reuters
Fri, May 2
Other
Viant Technology Inc expected to post a loss of 10 cents a share - Earnings Preview
Viant Technology Inc DSP.OQ DSP.O is expected to show a rise in quarterly revenue when it reports results on May 6 for the period ending March 31 2025The Irvine California-based company is expected to report a 26.2% increase in revenue to $67.394 million from $53.39 million a year ago, according t...Reuters
Fri, May 2
Other
Chile cancels tsunami alert after quake triggered evacuations in Antarctica and far south
By Alexander Villegas and Fabian CamberoSANTIAGO, May 2 (Reuters) - Chilean authorities canceled evacuation orders in the far south and Antarctica after a magnitude 7.4 earthquake struck off the coast of southern Chile Friday morning, prompting evacuations in the region due to tsunami threats.The Un...Reuters
Fri, May 2
Stocks
Atomera Inc expected to post a loss of 13 cents a share - Earnings Preview
Atomera Inc ATOM.OQ ATOM.O is expected to show a fall in quarterly revenue when it reports results on May 6 for the period ending March 31 2025LSEG's mean analyst estimate for Atomera Inc is for a loss of 13 cents per share. The one available analyst rating on the shares is "buy". The...Reuters
Fri, May 2
Other
US State Dept approves $3.5 billion missile sale to Saudi Arabia
By Mike Stone WASHINGTON, May 2 (Reuters) - The U.S. State Department approved a possible foreign military sale to Saudi Arabia of AIM-120C-8 Advanced Medium Range Air-to-Air Missiles and related support for $3.5 billion, the Pentagon said in a statement on Friday.The U.S. is poised to offer Saud...Reuters
Fri, May 2
Other
Trump administration plans to downsize US spy agencies, Washington Post reports
WASHINGTON, May 2 (Reuters) - The administration of President Donald Trump is planning significant personnel cuts at the Central Intelligence Agency and other major U.S. spy units, the Washington Post reported on Friday, citing people familiar with the plans.The CIA plans to cut 1,200 positions, alo...Reuters
Fri, May 2
Stocks
Hyliion Holdings Corp expected to post a loss of 8 cents a share - Earnings Preview
Hyliion Holdings Corp HYLN.A, HYLN.K is expected to report results for the period ending March 31 2025The Cedar Park Texas-based company is expected to report revenue of $1.1 million, according to the estimate from one analyst, based on LSEG data.LSEG's mean analyst estimate for Hyliion Holdin...Reuters
Fri, May 2
Stocks
US stocks weekly: Streaks
** S&P 500 .SPX gains second straight week, adds 2.9% amid tariff optimism, strong economic data and corporate earnings wave .N** Dow .DJI dashes 3% higher, and Nasdaq Composite .IXIC advances 3.4%** This as bulls bask in breadth/thrust, as SPX and DJI clawed back much of their early Apr losses;...Reuters
Fri, May 2
Other
FreightCar America Inc expected to post earnings of 8 cents a share - Earnings Preview
FreightCar America Inc RAIL.OQ RAIL.O is expected to show a fall in quarterly revenue when it reports results on May 5 for the period ending March 31 2025The Chicago Illinois-based company is expected to report a 35.2% decrease in revenue to $104.325 million from $161.06 million a year ago, accord...Reuters
Fri, May 2
Commodities
US Army Corps targeting fall decision for Enbridge Line 5 tunnel
By Amanda Stephenson CALGARY, May 2 (Reuters) - The U.S. Army Corps of Engineers said on Friday it expects to make a decision this fall whether to grant a permit to Enbridge's ENB.TO proposed Great Lakes tunnel for its Line 5 oil pipeline project.The Army Corps, a federal engineering service,...Reuters
Fri, May 2
Other
Granite Point Mortgage Trust Inc expected to post a loss of 73 cents a share - Earnings Preview
Granite Point Mortgage Trust Inc GPMT.N, GPMT.K is expected to show a fall in quarterly revenue when it reports results on May 6 for the period ending March 31 2025The New York City-based company is expected to report a 29.3% decrease in revenue to $8.86 million from $12.52 million a year ago, acc...Reuters
Fri, May 2
Other
Buyout firm Apax favorite to win Finastra unit in $2 billion deal, sources say
By Amy-Jo Crowley LONDON, May 2 (Reuters) - Private equity firm Apax Partners has emerged as the frontrunner to buy Finastra's treasury and capital markets (TCM) business for around $2 billion including debt, people familiar with the matter said on Friday.London-based Apax has been competing ...Reuters
Fri, May 2
Cryptocurrencies
Deputy CIA director: Bitcoin is now a matter of national security
Deputy director of the US Central Intelligence Agency (CIA), Michael Ellis, says that the agency is increasingly incorporating Bitcoin as a tool in its operations. According to him, working with Bitcoin is a matter of national security. On the market analyst and investor’s show, Ellis told Anthony Pompliano that the intelligence agency works with law […]Cryptopolitan
Fri, May 2
Other
CT Real Estate Investment Trust expected to post a share - Earnings Preview
CT Real Estate Investment Trust CRT_u.TO is expected to show a rise in quarterly revenue when it reports results on May 5 for the period ending March 31 2025The Toronto Ontario-based company is expected to report a 3.6% increase in revenue to C$149.355 million from C$144.22 million a year ago, ac...Reuters
Fri, May 2
Other
Douglas Emmett Inc expected to post a loss of 2 cents a share - Earnings Preview
Douglas Emmett Inc DEI.N, DEI is expected to show a rise in quarterly revenue when it reports results on May 6 for the period ending March 31 2025The Santa Monica California-based company is expected to report a 0.6% increase in revenue to $246.459 million from $244.97 million a year ago, accordin...Reuters
Fri, May 2
Other
HealthStream Inc expected to post earnings of 16 cents a share - Earnings Preview
HealthStream Inc HSTM.OQ HSTM.O is expected to show a rise in quarterly revenue when it reports results on May 5 for the period ending March 31 2025The Nashville Tennessee-based company is expected to report a 3.0% increase in revenue to $74.933 million from $72.76 million a year ago, according to...Reuters
Fri, May 2
Commodities
US Cash Products-Chicago gasoline eases as refiner resolves operational issue
NEW YORK, May 2 (Reuters) - Chicago gasoline cash differentials fell on Friday after Exxon Mobil said operational issues at its Joliet refinery in Illinois had been resolved, easing supply constraints.Operational issues reported by the 275,000 barrel-per-day Joliet refinery earlier this week, along ...Reuters
Fri, May 2
