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Commodities
US Ex-Im votes to end policy restricting overseas coal project lending, observers say
WASHINGTON, May 1 (Reuters) - The board of the U.S. Export-Import Bank voted to reverse a two-decade long restriction on lending to coal projects overseas on Thursday, reflecting President Donald Trump's agenda that calls for more domestic coal mining and exports of U.S. coal.The vote comes less...Reuters
Thu, May 1
Other
Everest reports $70 million Q1 net aviation loss from DC crash
By Michael LoneyMay 1 - (The Insurer) - Everest Group has reported $70 million of net aviation insurance losses in the first quarter as a result of the American Airlines jet crash in January.Everest in its first quarter results reported attritional combined ratios of 90.2% for the group (up from 86....Reuters
Thu, May 1
Other
Hedge fund ExodusPoint gains 2.83% in turbulent April, source says
By Carolina MandlNEW YORK, May 1 (Reuters) - Hedge fund ExodusPoint posted a 2.83% gain in April, a turbulent month for markets as U.S. President Donald Trump unveiled the country's new trade policy, according to a source familiar with the matter. The multi-strategy hedge fund is up 6.4% in the...Reuters
Thu, May 1
Other
Howmet Aerospace CEO Says Boeing 737 Build Rates Are Being Raised To An Average Of 28 Per Month Compared To Prior Assumption Of 25 Per Month - Conf Call
May 1 (Reuters) - Boeing Co BA.N:HOWMET AEROSPACE CEO: BOEING 737 BUILD RATES ARE BEING RAISED TO AN AVERAGE OF 28 PER MONTH COMPARED TO PRIOR ASSUMPTION OF 25 PER MONTH - CONF CALLHOWMET AEROSPACE CEO: DELAYS TO RAMP OF BOEING 787 JETS CAUSED A LITTLE BIT OF PERTURBATION IN THE FIRST HALF OF THIS Y...Reuters
Thu, May 1
Stocks
Huntington Ingalls slumps after Q1 earnings fall
** U.S. military shipbuilder Huntington Ingalls HII.N shares down 3% to $224** Co reports fall in Q1 profit and revenue, weighed down in part by a continued slowdown at its facility that makes aircraft carriers for the Navy** HII posts per-share profit of $3.79, lower than $3.87 posted a year earlie...Reuters
Thu, May 1
Stocks
Caterpillar raised at Baird as negative catalysts now baked into expectations
Investing.com -- Baird upgraded Caterpillar (NYSE:CAT) to Neutral from Underperform on Thursday, raising its price target for the stock to $309 from $300 a share. The firm cited key bearish driverInvesting.com
Thu, May 1
Other
EXCLUSIVE-WHO to back use of weight-loss drugs for adults globally, raises cost issue
By Jennifer Rigby LONDON, May 1 (Reuters) - The World Health Organization plans to officially back the use of weight-loss drugs to treat obesity in adults for the first time, a memo reviewed by Reuters on Thursday showed, marking a shift in its approach to treating the global health problem.The U...Reuters
Thu, May 1
Stocks
LIVE MARKETS-Does "sell in May and go away" actually work?
U.S. equity indexes advance; Nasdaq leads, up >2%Tech leads S&P 500 sector gainers; Healthcare weakest groupEuro STOXX 600 index ~flatDollar jumps; crude up; 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 bro...Reuters
Thu, May 1
Other
Kin reaches $100 billion in total insured property value
By Isha MaratheMay 1 - (The Insurer) - Chicago-based homeowners insurtech Kin grew its total insured value from $10 billion to $100 billion between 2021 and 2024.Over the four-year period, the reciprocal exchanges managed by Kin decreased their gross adjusted loss ratio, net of excess of loss recov...Reuters
Thu, May 1
Cryptocurrencies
Why Saylor’s Billion-Dollar Bitcoin Buys Barely Move The Price, Expert Explains
In a explainer video, Joe Burnett, Director of Market Research at the Bitcoin-native financial services firm Unchained, dissects what many retail traders still perceive as a paradox: how Strategy (formerly MicroStrategy) can accumulate “tens of thousands of Bitcoins” without catapulting the spot pri...NewsBTC
Thu, May 1
Cryptocurrencies
Shiba Inu (SHIB) and Dogecoin (DOGE) Prices Record Gains But It’s Another Altcoin That’s Turning Heads This Week
The cryptocurrency market has witnessed SHIB and DOGE make small upward movements during the previous week by gaining 3% and 2% respectively. However the investment interest toward Mutuum Finance (MUTM) surpasses all recent DeFi projects by a significant margin. Mutuum Finance (MUTM) is currently in its fourth presale phase and has achieved a total token […]Cryptopolitan
Thu, May 1
Stocks
1 Artificial Intelligence (AI) Stock That Could Go Parabolic
It's been a difficult year so far for Nvidia (NASDAQ: NVDA). Shares were down by more than 30% at one point, wiping more than $1 trillion off the company's valuation.After a brief rebound, shares are now down by just 20% year to date. The stock isn't as cheap as it was a few weeks ago, but this is s...The Motley Fool
Thu, May 1
Stocks
CANADA STOCKS-TSX gains on tech boost from Meta, Microsoft
By Sanchayaita Roy May 1 (Reuters) - Canada's main stock index edged higher in choppy trading on Thursday, as investors cheered strong quarterly results of technology giant Microsoft MSFT.O and Meta META.O amid an uncertain economic environment.Toronto Stock Exchange's S&P/TSX compos...Reuters
Thu, May 1
Stocks
PBF Energy gains on smaller-than-expected Q1 loss
** Shares of U.S.-based refiner PBF Energy PBF.N rise 3.8% to $17.83** Company reports smaller-than-expected Q1 adjusted loss of $3.09/share vs est of $3.12/share - data compiled by LSEG** PBF posts Q1 net loss attributable to the company of $401.8 million compared with net income of $106.6 million ...Reuters
Thu, May 1
Stocks
There's Still Time for Investors to Take Advantage of These 2 Dividend Raises From Top Retail Stocks
What could be better than a big sale at your favorite retail store? That's right -- a meaty dividend raise from one of your favorite retail stocks. In recent weeks, not one but two powerful companies in the sector upped their quarterly payouts: Costco Wholesale (NASDAQ: COST) and TJX Companies (NYSE...The Motley Fool
Thu, May 1
Other
Greenlight Re hires Vezina as head of underwriting analytics
By Isha MaratheMay 1 - (The Insurer) - Cayman Island-based Greenlight Re has appointed Martin Vezina as head of underwriting analytics, effective immediately. Vezina has more than 30 years of experience in the industry. Most recently, he served as CEO of Zero-Beta Advisors. Before that, he held und...Reuters
Thu, May 1
Other
Badminton-Japan and Indonesia top their groups at Sudirman Cup
XIAMEN, China, May 1 (Reuters) - Japan's Nami Matsuyama and Chiharu Shida beat Malaysia's Pearly Tan and Thinaah Muralitharan 21-18 18-21 21-18 in the women's doubles to take the country to the top of Group C with a 3-2 victory at the Sudirman Cup on Thursday.Both teams have already book...Reuters
Thu, May 1
Cryptocurrencies
Sky pitches proposal to finalize MKR to SKY token migration
Sky, the leading DeFi protocol formerly known as MakerDAO, is looking to finalize the migration of its governance token from MKR to SKY. The proposal was published on Sky’s governance forum on May 1 and will be subject to community feedback before being put to an on-chain vote at a later date. The proposal includes […]Cryptopolitan
Thu, May 1
Other
US never confirmed its participation in fourth round of Iran talks on Saturday - source familiar
May 1 (Reuters) - The United States never confirmed its participation in a fourth round of Iran talks on Saturday in Rome, a source familiar said on Thursday after reports said the negotiations were postponed. The source told Reuters that the timing and venue of the next round of talks have yet to b...Reuters
Thu, May 1
