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US House votes to bar California 2035 electric vehicle plan
WASHINGTON, May 1 (Reuters) - The U.S House of Representatives voted Thursday to bar California's landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states.The House backed legislation to repeal a waiver granted by the U.S. Environmental Protection ...Reuters
Thu, May 1
Other
Hundreds of UN staff in Swiss city protest job cuts triggered by Trump
By Emma Farge and Cecile Mantovani GENEVA, May 1 (Reuters) - Hundreds of U.N. staff protested outside the United Nations' European headquarters on Thursday at job losses within the global body due to major aid cuts by U.S. President Donald Trump and other donors.Switzerland's Geneva, whic...Reuters
Thu, May 1
Other
Trump officials expect Ukraine's parliament to ratify minerals deal in next week
WASHINGTON, May 1 (Reuters) - Ukraine's parliament is expected to ratify the U.S.-Ukraine minerals deal, which was signed on Wednesday, within a week, senior Trump administration officials told reporters on Thursday.They added that the Ukraine deal could be a model for other international agreem...Reuters
Thu, May 1
Stocks
Parker-Hannifin gains as Q3 profit beat estimates
** Parker-Hannifin PH.N marginally up 2% at $615 ** Co's Q3 profit beat analysts' estimates on the back of steady demand for aircraft parts and components ** PH posts Q3 profit of $6.94/share, compared with analysts' average expectation of $6.72, according to data compiled by LSEG **...Reuters
Thu, May 1
Other
CANADA RESEARCH ROUNDUP-CGI, Ia Financial Corporation, Loblaw Companies
May 1 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including CGI, Ia Financial Corporation and Loblaw Companies, on Thursday. HIGHLIGHTS * Badger Infrastructure Solutions Ltd BDGI.TO: CIBC raises target price to C$53 from C$52* CGI Inc ...Reuters
Thu, May 1
Other
Bond market thinks Fed should cut rates, Treasury's Bessent says
Bessent notes growing spread between Treasury yields and Fed's rateTwo-year yields are a bond market proxy for Fed expectationsBessent says his focus is more on 10-year yieldsBy Susan Heavey WASHINGTON, May 1 (Reuters) - The bond market is sending a signal that the Federal Reserve should be c...Reuters
Thu, May 1
Economic Indicator
Mexico's Sheinbaum says she spoke to Trump about trade balance in 'very positive' conversation
MEXICO CITY, May 1 (Reuters) - Mexican President Claudia Sheinbaum said on Thursday that she had a "very positive" conversation with her U.S. counterpart Donald Trump.In a post on X, Sheinbaum said that the two agreed that the countries' top finance, treasury, trade and economy officials...Reuters
Thu, May 1
Stocks
LIVE MARKETS-Wall Street gets a spring in its step from earnings
U.S. equity indexes rise; Nasdaq leads, up ~2%Tech leads S&P sector gainers; Healthcare falls mostEuro STOXX 600 index ~flatDollar gains; crude up ~1%; bitcoin up ~2%; gold down ~2%U.S. 10-Year Treasury yield edges up to ~4.20%Welcome to the home for real-time coverage of markets brought to you ...Reuters
Thu, May 1
Stocks
Air Products falls on 2025 earnings forecast cut
** Industrial gas company Air Products' APD.N shares fall 2.2% to $264.68** Company cuts 2025 profit forecast after reporting weaker-than-expected Q2 earnings, hurt by lower sales volumes and higher costs** APD lowers its 2025 adjusted profit forecast to $11.85/shr-$12.15/shr vs previous forecas...Reuters
Thu, May 1
Commodities
ARA gasoline stocks fell to 5-month low, Insights Global data shows
LONDON, May 1 (Reuters) - Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by over 5% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks dropped to 1.2 million tons on steady exports to the U.S. and Can...Reuters
Thu, May 1
Commodities
Utility Pinnacle West swings to quarterly loss on higher costs
May 1 (Reuters) - U.S. utility Pinnacle West Capital PNW.N on Thursday swung to a loss in the first quarter, hurt by higher operating and interest costs. The Phoenix, Arizona-based company's operating and maintenance costs rose due to new power plants and intangible assets. Higher-for-longer...Reuters
Thu, May 1
Stocks
4 Top Stocks to Buy in May
In this video, I will talk about four interesting companies worth your attention, especially during these uncertain times. I chose a mix of companies in different industries that could provide significant upside for long-term investors. Watch the short video to learn more, consider subscribing, and ...The Motley Fool
Thu, May 1
Stocks
Estee Lauder sees bigger sales fall in 2025 on US slowdown, sputtering China recovery
Estee aims to cut China's imports from US to 10% from 25%Organic net sales in Americas down 5%Company working to regionalize sourcing in EuropeBy Ananya Mariam RajeshMay 1 (Reuters) - Cosmetics giant Estee Lauder EL.N forecast a bigger-than-expected drop in fiscal 2025 sales on Thursday, signali...Reuters
Thu, May 1
Stocks
US STOCKS-Nasdaq leads gains on Wall Street as Microsoft, Meta surge
Indexes up: Dow 0.47%, S&P 500 0.82%, Nasdaq 1.51%General Motors gains after offering new forecastMcDonald's slips after surprise drop in Q1 salesWeekly jobless claims higher than forecast By Lisa Pauline Mattackal and Purvi Agarwal May 1 (Reuters) - Wall Street's main indexes advance...Reuters
Thu, May 1
Other
Everest did not renew 50% of casualty insurance premium up for renewal in Q1
By Michael LoneyMay 1 - (The Insurer) - Everest Group did not renew half of the casualty insurance premium up for renewal in the first quarter as its remediation of the business continued, while its casualty pro rata premium shrank almost 22% amid “unjustifiably sticky” ceding commissions.After mark...Reuters
Thu, May 1
Commodities
NYSE-parent ICE beats first-quarter profit estimates on robust trading volume
By Prakhar Srivastava May 1 (Reuters) - Intercontinental Exchange ICE.N beat Wall Street estimates for first-quarter profit on Thursday, benefiting from strong trading volumes in energy and options segments. Shares of the New York Stock Exchange parent were up 1.2%. Global commodity and energy m...Reuters
Thu, May 1
Other
Thomson Reuters maintains 2025 financial forecasts amid economic turmoil
Q1 organic revenue growth 6%; sees rise of around 7% in Q2Q1 adjusted EPS $1.12 vs forecast $1.05Keeps FY guidance, including organic revenue growth of 7%-7.5%Maintains 2026 organic revenue growth targetBy Kenneth Li NEW YORK, May 1 (Reuters) - Thomson Reuters TRI.TO on Thursday confirmed 2025 fi...Reuters
Thu, May 1
Stocks
IDEX rises marginally after first-quarter earnings beat
** Industrial equipment maker IDEX Corp IEX.N shares up 1% to $176 ** The company's Q1 profit and revenue beat Wall Street estimates due to sustained recovery in demand for its health and science-related products** It posted Q1 profit of $1.75/share, above market estimates of $1.63/share ** ...Reuters
Thu, May 1
Stocks
Roblox lifts bookings forecast as spending defies tariff uncertainty
By Zaheer Kachwala May 1 (Reuters) - Roblox RBLX.N raised its annual bookings forecast on Thursday and beat quarterly results estimates, a sign that spending on its vast library of user-generated videogames was holding up despite economic uncertainty driven by U.S. tariffs.Shares of the company r...Reuters
Thu, May 1
