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EXCLUSIVE-UN eyes major overhaul amid funding crisis, internal memo shows
Global body roiled by cuts from donors, including U.S.Task force suggests merging U.N. agencies to improve efficiencyUN document refers to 'duplication', bloating of senior managementSuggests relocating staff to lower-cost citiesBy Emma Farge and John Shiffman GENEVA/UNITED NATIONS, May 2...Reuters
Fri, May 2
Other
Eton Pharmaceuticals Inc expected to post earnings of 2 cents a share - Earnings Preview
Eton Pharmaceuticals Inc ETON.OQ ETON.O is expected to show a rise in quarterly revenue when it reports results on May 13 for the period ending March 31 2025The Deer Park Illinois-based company is expected to report a 89.9% increase in revenue to $15.131 million from $7.97 million a year ago, acco...Reuters
Fri, May 2
Commodities
Spain suffered multiple power incidents in the build up to full blackout
Power industry had sounded warnings Renewable energy boom makes grids vulnerableNuclear plant closures add to challengesBy David Latona, Emma Pinedo, Pietro Lombardi MADRID, May 2 (Reuters) - Spain suffered several power glitches and industry officials sounded repeated warnings about the instabil...Reuters
Fri, May 2
Stocks
Gold miners up as bullion prices rise on bargain hunting ahead of US jobs data
** U.S.-listed shares of gold miners rise premarket, tracking rise in bullion prices GOL/** Spot gold XAU= up 0.6% at $3,258.62/ounce. Bullion has lost 1.8% so far this week** Gold prices rose on bargain-hunting ahead of U.S. non-farm payrolls report, after prices touched a two-week low in the previ...Reuters
Fri, May 2
Stocks
Oppenheimer raises PT on Carrier Global after Q1 earnings beat estimates
** Oppenheimer raises PT on Carrier Global CARR.N to $85 from $73 - a 22% upside to the stock's last close ** Says co's trends broadly improving, with controllable levers including commercial expansion and after-market growth** Brokerage says confident of co's strong earnings starting to...Reuters
Fri, May 2
Stocks
Why RH Stock Plummeted 22% in April
RH (NYSE: RH) stock fell 22% in April, according to data provided by S&P Global Market Intelligence. It announced earnings, including a major miss on earnings per share (EPS), on the day of President Donald Trump's new tariff program announcement, and the combined blow led to a massive plunge in the...The Motley Fool
Fri, May 2
Commodities
Volkswagen core brand group profit falls on EU carbon provision, US tariffs
May 2 (Reuters) - Volkswagen VOWG_p.DE on Friday said its first-quarter operating profit for the core brand group, which includes its best-selling VW brand, declined by 46.3%, impacted by EU carbon provisions and write-downs on inventory related to U.S. tariffs.The operating profit for the core bran...Reuters
Fri, May 2
Commodities
ExxonMobil Says Economic Uncertainty, Threats Of Potential Increase In OPEC Supply, Has Put Pressure On Prices & Margins
May 2 (Reuters) - Exxon Mobil Corp XOM.N:EXXONMOBIL: ECONOMIC UNCERTAINTY, WITH THREATS OF POTENTIAL INCREASE IN OPEC SUPPLY, HAS PUT PRESSURE ON PRICES & MARGINS - PREPARED REMARKSEXXONMOBIL: REMAIN COMMITTED TO TAKING COSTS OUT OF THE BUSINESS - PREPARED REMARKSEXXONMOBIL: IF WE CAN IMPROVE NP...Reuters
Fri, May 2
Stocks
Copper miners rise on hopes for truce in U.S-China trade war
** Benchmark three-month copper CMCU3 on the London Metal Exchange up 2% at $9,385.50 a metric ton, after rising by nearly 1% in the previous session** Prices rose on signs that the U.S. and China were moving closer to a solution to their fractious trade war** U.S.-listed shares of global mining gia...Reuters
Fri, May 2
Stocks
Classover Holdings extends surge after Solana tie-up
** Shares of online learning platform Classover Holdings KIDZ.O rise 80% to $9.70 premarket ** Stock surged 366% to a valuation of $124.8 million on Thursday after co said it entered an equity purchase deal with Solana Strategic Holding and it would use proceeds from the deal to develop a solana-cen...Reuters
Fri, May 2
Stocks
Is Novo Nordisk Stock a Buy?
For years, Denmark-based Novo Nordisk (NYSE: NVO) was a fairly traditional develop-and-market pharmaceutical company that escaped notice by many investors. Though listed on American stock exchanges, it didn't distinguish itself much in the vast sea that is the domestic biotech and pharmaceutical sec...The Motley Fool
Fri, May 2
Stocks
70 Billion Reasons to Buy Alphabet Stock Right Now
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) recently gave investors some encouraging news during its first-quarter earnings release, including a better-than-feared result that was relatively upbeat for the rest of the year. This flies in the face of many investors' concerns regarding the effects of tari...The Motley Fool
Fri, May 2
Other
Apollo Global Posts Q1 Adjusted EPS Of $1.82
May 2 (Reuters) - Apollo Global Management Inc APO.N:APOLLO GLOBAL Q1 ADJUSTED EPS $1.82APOLLO GLOBAL Q1 TOTAL REVENUE $5.55 BILLION VS IBES ESTIMATE $4.49 BILLIONAPOLLO GLOBAL Q1 DIVIDEND $0.51 PER SHAREAPOLLO GLOBAL Q1-END TOTAL AUM $785 BILLION VS IBES ESTIMATE $776.77 BILLIONAPOLLO GLOBAL MANAGE...Reuters
Fri, May 2
Cryptocurrencies
DOGE, XRP ETFs, and gamble memecoin sentiment fuels bullish trade: Santiment social data
The optimism around approvals of exchange-traded funds (ETFs) for Dogecoin (DOGE) and XRP has witnessed an uptick, with crowd sentiment increasingly turning positive for both tokens, according to social data from Santiment released Thursday. In the last two weeks, both cryptos have recorded a price increase of more than 6%. According to market intelligence firm […]Cryptopolitan
Fri, May 2
Commodities
Greece approves tender for hydrocarbons search in four offshore blocks
ATHENS, May 2 (Reuters) - Greece has approved an international tender for hydrocarbon exploration in four blocks in the Mediterranean Sea, following an expression of interest by Chevron CVX.N and Helleniq Energy HEPr.AT, the energy ministry said on Thursday.Greece this week issued a ministerial deci...Reuters
Fri, May 2
Forex
INDIA RUPEE-Rupee hits six-month peak before retreating on likely central bank intervention
MUMBAI, May 2 (Reuters) - The Indian rupee soared past 84 per U.S. dollar to touch a near six-month peak on Friday before reversing course on the back of likely dollar buying intervention by the central bank, via state-run lenders, traders said. Strong portfolio inflows and culling of bearish positi...Reuters
Fri, May 2
Other
Magna plans cost-cutting measures to cushion tariff hit after profit misses estimate
May 2 (Reuters) - Canadian auto parts supplier Magna International MG.TO said on Friday that it plans to implement cost-saving measures to cushion the hit from U.S. President Donald Trump's sweeping tariffs.The cost-cutting plans come after the company missed first-quarter profit estimates due t...Reuters
Fri, May 2
Stocks
Chevron falls on lower Q1 profit
** Shares of oil major Chevron CVX.N fall 1% to $153.80 premarket** CVX posts lower Q1 adjusted profit as oil and gas production and refining margins were down year-over-year** Company posts Q1 adjusted profit of $3.8 billion, or $2.18 per share, compared with $5.42 billion, or $2.93 per share, a ye...Reuters
Fri, May 2
Stocks
US STOCKS-Futures rise on signs of easing trade tensions, jobs data in focus
Futures up: Dow 0.55%, S&P 500 0.48%, Nasdaq 0.32% May 2 (Reuters) - U.S. stock index futures rose on Friday as hopes of a de-escalation in a punishing U.S.-China trade war offset disappointing earnings updates from Apple and Amazon.Global stocks rose as Beijing said on Friday it was "eva...Reuters
Fri, May 2
