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Third Point owns stake in U.S. Steel, sees opportunities in credit, letter says
Third Point optimistic a deal can be done between U.S. Steel and Nippon SteelUS residential mortgages could benefit from potential US rate cut Third Point completed purchase of credit manager Birch Grove in MarchBy Svea Herbst-Bayliss NEW YORK, May 1 (Reuters) - Hedge fund Third Point owns a "...Reuters
Thu, May 1
Cryptocurrencies
Plutus Completes Historic Final Reconciliation of PLU Rewards Pool and Announces Burn Schedule
London, UK – April 30, 2025 – Plutus, a pioneer in the tokenisation of real-world assets (RWA) and creator of the first tokenised rewards system, Pluton (PLU) Rewards, laid the foundation for practical blockchain use by tokenising loyalty in 2015, setting a path that many would follow. Today, Plutus remains a leader in fintech, providing […]Cryptopolitan
Thu, May 1
Stocks
Why Confluent Stock Is Plummeting Today
Confluent (NASDAQ: CFLT) stock is getting crushed in Thursday's trading following the company's quarterly report yesterday. The company's share price was down 17.3% as of 12:45 p.m. ET, despite the S&P 500 (SNPINDEX: ^GSPC) being up 0.9% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) being up 1.9%.Af...The Motley Fool
Thu, May 1
Stocks
Why Eli Lilly Stock Is Sinking Today
Shares of Eli Lilly (NYSE: LLY) are sliding on Thursday. The stock lost 8.3% as of 12:21 p.m. ET. The leg down comes as the S&P 500 (SNPINDEX: ^GSPC) gained 1% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 1.9%.The pharmaceutical giant released earnings that disappointed investors despite str...The Motley Fool
Thu, May 1
Stocks
Targa Resources shares fall on lower-than-expected Q1 revenue
** Shares of Targa Resources Corp TRGP.N fall 4.3% to $163.50** The pipeline operator reports lower-than-expected revenue in Q1, hurt by lower volumes across Targa's gathering and processing and logistics and transportation system** Says, was negatively impacted by winter weather events which re...Reuters
Thu, May 1
Economic Indicator
Ford's April US sales rise 16%, EV sales plummet
By Nathan Gomes and Nora Eckert May 1 (Reuters) - Ford Motor F.N on Thursday reported a 16% rise in U.S. auto sales for April, aided by strong truck demand and its employee pricing program. Still, its EV sales fell 40%. Demand for vehicles has remained strong, with consumers trying to quickly sna...Reuters
Thu, May 1
Cryptocurrencies
Trump’s support couldn’t stem top US BTC miners losing $190 million in Q1 2025
Trump has made high-profile campaign promises to champion U.S. Bitcoin mining but, the nation’s leading publicly traded crypto miners are reporting steep losses for the first quarter of 2025.Cryptopolitan
Thu, May 1
Other
Jeffrey Epstein accuser Virginia Giuffre dies by suicide, her family says
By Brad Brooks and Samuel McKeith April 25 (Reuters) - Virginia Giuffre, one of the late sex offender Jeffrey Epstein's most prominent accusers, has died by suicide, her family said on Friday. Giuffre, 41, died on Friday in Western Australia, where she had been living for several years, the ...Reuters
Thu, May 1
Stocks
Kohl's fires new CEO for personal relationship with a vendor
Buchanan fired after barely more than 100 days on the jobKohl's faces ongoing leadership instability amid declining sales and strategic challengesShares rise 8.4%, still down dramatically in 2025 By Juveria Tabassum May 1 (Reuters) - Kohl's KSS.N said on Thursday it had fired CEO Ashl...Reuters
Thu, May 1
Other
Harley-Davidson warns of tariff hit, pulls 2025 outlook
Harley-Davidson suspends 2025 forecasts on tariff challengesFirst-quarter profit beat driven by cost-saving measures and touring model demandBy Nathan Gomes May 1 (Reuters) - Harley-Davidson HOG.N on Thursday warned of a hit to its full-year results from tariffs and suspended its 2025 forecasts a...Reuters
Thu, May 1
Stocks
Why Microsoft Stock Is Skyrocketing Today
Microsoft (NASDAQ: MSFT) stock is shooting higher in Thursday's trading after the company published strong quarterly results. The tech giant's company's share price was up 9.2% as of 12:15 a.m. ET and had been up as much as 10.6% earlier in the session.After the market closed yesterday, Microsoft re...The Motley Fool
Thu, May 1
Other
Rubio tells French counterpart words are not enough on Ukraine
WASHINGTON, May 1 (Reuters) - U.S. Secretary of State Marco Rubio on Thursday praised France for rallying European support for a Ukraine peace deal but said Europe must step up with real resources and political will to help bring the war to end, the State Department said."Secretary Rubio commend...Reuters
Thu, May 1
Cryptocurrencies
Dogecoin (DOGE) and PEPE Shows Bullish Signs As Experts Think Ruvi AI (RUVI) Could Easily Offer 13,900% ROI This Year
Dogecoin and Pepe are back in the spotlight. Dogecoin is showing signs of reaching a $1 trillion market cap and Pepe is up 26.71% this month. These meme coins are getting everyone excited in the crypto space. While this is happening, let’s shine the light on Ruvi AI, a project that offers something more and […]Cryptopolitan
Thu, May 1
Stocks
CVS raises profit forecast, to exit Obamacare market as turnaround gains steam
CVS beats profit estimates, aided by strength across businesses Medical loss ratio improves, falling to 87.3% from 90.4%To drop Zepbound from preferred medicines list By Manas Mishra, Sneha S K May 1 (Reuters) - CVS Health CVS.N raised its full-year profit forecast on Thursday and said it plans ...Reuters
Thu, May 1
Other
Carbon insurance startup Artio gains Lloyd's coverholder status
By Rebecca DelaneyMay 1 - (The Insurer) – Carbon insurance startup Artio has been granted Lloyd's coverholder status, with a licence to write coverage on behalf of the market, the company said on Thursday.Artio launched last month after participating in the 13th cohort of the Lloyd's Lab, wh...Reuters
Thu, May 1
Stocks
The Compounding Consumer Crunch
In this podcast, Motley Fool analyst David Meier and host Dylan Lewis discuss:Domino's earnings sending the same warning signals as Chipotle -- lower-income people aren't ordering as often.Temu and Shein pushing tariff increases to American consumers.Old Dominion Freight Lines and Saia signaling few...The Motley Fool
Thu, May 1
Stocks
Why Nvidia Stock Bounded Higher Thursday
Shares of Nvidia (NASDAQ: NVDA) charged sharply higher Thursday, climbing as much as 5.5%. As of 11:59 a.m. ET, the stock was still up 4.4%.The catalysts that sent the artificial intelligence (AI) chipmaker higher were several developments that suggest strong demand for its processors will likely co...The Motley Fool
Thu, May 1
Stocks
Frontdoor jumps after forecasting Q2 rev above estimates, Q1 results beat
** Home services provider Frontdoor FTDR.O has biggest one-day climb in nine months after raising FY 2025 rev forecast** Shares up 12.1% at $46.07 as co beats Q1 results expectations** Co raises FY revenue outlook to $2.03 bln to $2.05 bln from previous forecast $2 bln to $2.04 bln** Frontdoor estim...Reuters
Thu, May 1
Other
Dominion beats quarterly estimates on Virginia, South Carolina power demand
By Pooja Menon May 1 (Reuters) - U.S. utility Dominion Energy D.N reported first-quarter revenue and profit above Wall Street expectations on Thursday, helped by lower interest costs and strong demand from Virginia and South Carolina.Power demand in the U.S. is expected to hit record highs in 20...Reuters
Thu, May 1
