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Commodities
S&P Global sees credit rating breathing room for trade war rivals US and China
Rating damage expected to be concentrated on strained countriesKnock-ons like lower commodity prices could cause downgradesAnalyst downplays markets pricing in huge US, China rating cutsBy Marc Jones LONDON, April 28 (Reuters) - The United States and China are unlikely to see a rapid hit to their...Reuters
Tue, Apr 29
Stocks
ProPetro rises after upbeat Q1 results
** Shares of oilfield services provider ProPetro Holding PUMP.N rise 7.6% to $5.67** Co beats Q1 revenue estimates, helped by strong utilization and resilient pricing across all service lines** Posts Q1 revenue of $359.4 million vs estimates of $342.6 million - LSEG data** PUMP posts adjusted EBITDA...Reuters
Tue, Apr 29
Forex
UK sets out new crypto rules, date for wider financial services strategy
LONDON, April 29 (Reuters) - British finance minister Rachel Reeves announced on Tuesday that the government was setting out new draft legislation for regulating crypto assets and would give a broader financial services strategy on July 15."Financial services is one of the key growth-driving sec...Reuters
Tue, Apr 29
Stocks
Xylem rises after raising FY revenue forecast, quarterly results beat
** Shares of water technology firm Xylem XYL.N rise 2.5% to $118.79** Co raises FY revenue forecast to $8.7 billion to $8.8 billion, compared to a previous range of $8.6 billion to $8.7 billion** Analysts, on average, were estimating annual revenue of $8.74 billion, according to data compiled by LSE...Reuters
Tue, Apr 29
Stocks
Better Artificial Intelligence (AI) Stock: SoundHound AI vs. C3.ai
The hot artificial intelligence sector saw several AI-centric companies sprout up over the past few years. Among them are SoundHound AI (NASDAQ: SOUN), which went public in 2022, and C3.ai (NYSE: AI), which executed its IPO toward the end of 2020.SoundHound has developed a voice-activated AI that un...The Motley Fool
Tue, Apr 29
Commodities
Battery industry says $100 billion in US investment contingent on Washington support
April 29 (Reuters) - Manufacturers and developers of U.S. energy storage projects said their industry will invest $100 billion this decade to create a wholly domestic battery supply chain, but warned the goal was contingent on support from Washington.The American Clean Power Association, a trade gro...Reuters
Tue, Apr 29
Stocks
Coastal Financial Corp (EVERETT) reports results for the quarter ended March 31 - Earnings Summary
Coastal Financial Corp (EVERETT) CCB.OQ reported quarterly adjusted earnings of 63 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of four analysts for the quarter was for earnings of 84 cents ...Reuters
Tue, Apr 29
Other
Unions, cities, nonprofits sue to block Trump workforce cuts
Largest challenge to Trump, DOGE bid to shrink governmentTrump said cuts needed to eliminate bloat, wasteJustice Department not immediately available to commentBy Jonathan Stempel April 29 (Reuters) - A coalition of more than two dozen labor unions, cities and nonprofits sued President Donald Tru...Reuters
Tue, Apr 29
Commodities
EXPLAINER-What could be behind the Iberian power outage?
By Nina Chestney LONDON, April 29 (Reuters) - The hunt has begun for the cause of a massive blackout across Spain, Portugal and parts of France that halted trains, bank machines and traffic lights, in one of Europe's biggest ever power system collapses. CYBER ATTACK?Spanish grid operator ...Reuters
Tue, Apr 29
Stocks
Statistics Say: This Is the Best Age to Claim Social Security
As you approach and enter your 60s -- or, possibly, your 50s or even your 40s -- you'll likely be thinking about retirement and trying to pinpoint the best time to retire. It's a huge decision, and an important factor in your decision-making should be when you plan to claim your Social Security bene...The Motley Fool
Tue, Apr 29
Commodities
EXCLUSIVE-China waives tariffs on US ethane imports, sources say
SINGAPORE, April 29 (Reuters) - China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday.The move will ease pressure on Chinese firms that import U.S. ethane for petrochemical production as well as ...Reuters
Tue, Apr 29
Stocks
Amazon falls after White House calls plan to add tariff pricing ’hostile act’
Investing.com -- Shares of Amazon (NASDAQ:AMZN) fell 2% in pre-open trading on Tuesday after White House Press Secretary Karoline Leavitt said a move by the e-commerce giant to break out tariff pricinInvesting.com
Tue, Apr 29
Stocks
S&P Global rises on Q1 profit, announcement to separate mobility division
** Shares of ratings provider S&P Global SPGI.N rise 2% to $488.99 ** Co reports adjusted Q1 profit of $4.37 per share above analyst expectations of $4.19 - LSEG** SPGI also says it plans to separate its mobility unit, which sells data to vehicle manufacturers and automotive suppliers, into a pu...Reuters
Tue, Apr 29
Stocks
Where Will Cameco Stock Be in 1 Year?
The spot price for uranium, the crucial element for producing nuclear power, has roughly doubled over the past five years. That growth was fueled by the world's renewed interest in nuclear power as a clean energy source, geopolitical conflicts driving more markets away from fossil fuels, and rapid e...The Motley Fool
Tue, Apr 29
Stocks
Spotify: Solid Results, Big Tax Bill
Here's our initial take on Spotify's (NYSE: SPOT) fiscal 2025 first-quarter financial report.Key MetricsMetricQ1 2024Q1 2025Changevs. ExpectationsRevenue3.6 billion euros4.2 billion euros16%MetEarnings per share0.97 euros1.07 euros10%MissedPremium subscribers239 million268 million12%BeatFree cash fl...The Motley Fool
Tue, Apr 29
