News
Important Only
Economic Indicator
TREASURIES-Yields rise on solid jobs gains, rate cut bets pushed to July
Employers added 177,000 jobs in AprilTreasury to auction 3-, 10-, 30-year debt next weekTraders pus bets on next rate cut to JulyJapan says could use Treasury holdings in trade negotiationsBy Karen Brettell May 2 (Reuters) - U.S. Treasury yields rose to a one-week high on Friday after data showed...Reuters
Fri, May 2
Commodities
Oil posts biggest weekly loss in a month ahead of OPEC+ meeting
Oil down 8% this week in steepest weekly decline since MarchOPEC+ moves up meeting to discuss June output plan to May 3Group to decide whether to accelerate or slow supply hikesSigns of trade-war de-escalation help check oil's declineBy Shariq Khan NEW YORK, May 2 (Reuters) - Oil prices fell ...Reuters
Fri, May 2
Commodities
US EPA plans to reduce staff to 1980s levels, cut budget by $300 million
WASHINGTON, May 2 (Reuters) - The U.S. Environmental Protection Agency on Friday announced plans to reorganize and reduce staffing to 1980s-levels and slash its budget by $300 million in fiscal year 2026. "This reorganization will bring much needed efficiencies to incorporate science into our ...Reuters
Fri, May 2
Other
Congo grants licence to Starlink, reversing earlier ban
KINSHASA, May 2 (Reuters) - Democratic Republic of Congo said on Friday it had become the latest African country to grant a licence to tech billionaire Elon Musk's Starlink and that the company would begin operations soon.A unit of SpaceX, the satellite internet provider is rapidly expanding its...Reuters
Fri, May 2
Cryptocurrencies
Inside RAK DAO: How Ras Al Khaimah is building a global hub for blockchain innovation with Luc Froehlich
As the global blockchain ecosystem matures, entrepreneurs are increasingly seeking jurisdictions that balance innovation with infrastructure, and few places are doing this as purposefully as RAK Digital Asset Oasis (RAK DAO) in the United Arab Emirates. Today, we revisit an interview with RAK DAO’s Chief Commercial Officer Luc Froehlich, held at the iconic Carrousel […]Cryptopolitan
Fri, May 2
Commodities
CBOT wheat futures close higher in rebound from contract lows
May 2 - Chicago Board of Trade wheat futures ended higher on Friday as the market bounced from recent contract lows, traders said.Weakness in the U.S. dollar helped support gains, they said.Traders are waiting for the U.S. Department of Agriculture to issue a weekly update on crop conditions for U.S...Reuters
Fri, May 2
Cryptocurrencies
Canada’s new Prime Minister will meet Trump to revive trading relations
Prime Minister Mark Carney will head to Washington on Tuesday for his first face‑to‑face meeting with U.S. President Donald Trump, trying to patch up a trade relationship he warned last week was “over.” The trip comes just days after Carney’s Liberal party won the general election, ending a campaign overshadowed by Trump’s jabs at Canada […]Cryptopolitan
Fri, May 2
Stocks
GLOBAL MARKETS-Stocks rally on jobs data, signs of easing trade tensions
US labor market stronger than expected China says door is open for trade talksJapan eyes US Treasury holdings as negotiation tool By Stephen Culp NEW YORK, May 2 (Reuters) - Wall Street and European stocks surged and the dollar lost ground on Friday as investor risk appetite was strengthened by a...Reuters
Fri, May 2
Commodities
USDA agrees to not freeze Maine nutrition funds over transgender athletes
By Nate Raymond May 2 (Reuters) - U.S. President Donald Trump's administration agreed on Friday to refrain from unilaterally cutting off Maine's access to federal funding used to feed school children, ending one of several legal fights stemming from the state's refusal to comply with ...Reuters
Fri, May 2
Other
Trump's budget includes $3.2 bln for World Bank's fund for poorest countries
WASHINGTON, May 2 (Reuters) - President Donald Trump on Friday asked Congress to approve $3.2 billion in contributions to the World Bank's International Development Association (IDA), which provides low- or zero-interest loans to the world's poorest countries.International finance experts ha...Reuters
Fri, May 2
Commodities
US natgas prices climb 4% to 3-week high on lower output, higher demand
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 1% over five-year normalBy Scott DiSavino May 2 (Reuters) - U.S. natural gas futures climbed about 4% to a three-week high on Friday on a drop in output over recent days and forecasts for more...Reuters
Fri, May 2
Other
Novo Nordisk Says FDA Accepts Filing Application For oral semaglutide 25 mg
May 2 (Reuters) - Novo Nordisk A/S NOVOb.CO:FDA ACCEPTS FILING APPLICATION FOR ORAL SEMAGLUTIDE 25 MG, WHICH IF APPROVED, WOULD BE THE FIRST ORAL GLP-1 TREATMENT FOR OBESITYNOVO NORDISK -FDA ACTION DATE TO DECIDE ON WEGOVY(®) ORAL FORMULATION NDA WILL BE IN Q4 2025Further company coverage: [NOVOb.CO...Reuters
Fri, May 2
Other
Trump signs order to cut federal funding for NPR, PBS broadcasters
White House says PBS and NPR spread 'radical woke propaganda'PBS, NPR have said cuts could deprive Americans of credible newsNPR says it will challenge order; PBS to explore optionsBy Kanishka Singh and Karen Freifeld WASHINGTON, May 2 (Reuters) - President Donald Trump has signed an ...Reuters
Fri, May 2
Cryptocurrencies
What to Watch in the Week Ahead and on Monday, May 5
ON MONDAYFord Motor Co is expected to report a fall in sales and profit when it reports first-quarter results.On the U.S. economic front, the Institute for Supply Management's non-manufacturing PMI for April is forecast to be at 50.2, slightly down from March's 50.8. The S&P Global servi...Reuters
Fri, May 2
Stocks
Why Tesla Stock Surged Higher Friday
Tesla (NASDAQ: TSLA) stock is ending the week on a high note. Shares of the electric vehicle (EV) leader surged as much as 5% higher today as investors anticipate good things ahead. Ironically, some of the optimism came from a recent announcement from a competitor in self-driving technology.Tesla is...The Motley Fool
Fri, May 2
Cryptocurrencies
Ethereum Prints 5 Red Monthly Candles: What Happened The Last Time?
Over the last few months, the Ethereum price has performed incredibly poorly, dashing the hopes of investors who believed in its potential. While the Bitcoin price has made multiple new highs with expectations that the ETH price could follow, the opposite has been the case. In the last five months, ...Bitcoinist
Fri, May 2
Cryptocurrencies
AVAX Eyes $75, SUI Poised to Surpass SHIB, Lightchain AI Could Be the Next 10x Gem
Avalanche (AVAX) has been attracting attention, with analysts forecasting a rise to $75 in 2025. The forecast notes that its growth will be driven by its expanding ecosystem and growing adoption. In the same way, Sui (SUI) is also making impressive movements, with analysts pointing out that it could perform better than Shiba Inu (SHIB) […]Cryptopolitan
Fri, May 2
