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Commodities
Chilean miner Codelco's pre-tax profit falls 53% in first quarter
SANTIAGO, April 25 (Reuters) - Chile's Codelco, the world's largest copper producer, on Friday posted a 53% decrease in pre-tax profit, reaching $213 million for the first three months of the year.The state-owned miner said its own output totaled 296,000 metric tons, up 0.3% from the same pe...Reuters
Fri, Apr 25
Forex
Trump tariffs likely to push down UK inflation, BoE's Greene says
WASHINGTON, April 25 (Reuters) - Bank of England policymaker Megan Greene said U.S. President Donald Trump's tariffs would probably lead to lower rather than higher inflation in Britain but big uncertainties remained about the plan and the impact of a recent UK tax hike for employers."We hav...Reuters
Fri, Apr 25
Stocks
Why Opendoor Stock Fell Hard This Week
Shares of the online housing brokerage Opendoor Technologies (NASDAQ: OPEN) plunged 23% this week, according to data compiled by S&P Global Market Intelligence, after the latest data showed that housing sales slowed to their lowest pace since 2009.Housing inventory climbed quickly, but sales slowed ...The Motley Fool
Fri, Apr 25
Stocks
National Bankshares Inc reports results for the quarter ended March 31 - Earnings Summary
National Bankshares Inc NKSH.OQ reported quarterly adjusted earnings of 51 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 37 cents. The lone analyst forecast for the quarter was for earnings of 52 cents per share. Revenue r...Reuters
Fri, Apr 25
Stocks
AbbVie warns of tariff exposure, U.S. policy risks while boosting forecast
Investing.com -- AbbVie Inc (NYSE:ABBV) said Thursday that it is preparing for potential pharmaceutical sector tariffs, warning investors that trade headwinds could impact financial performance laInvesting.com
Fri, Apr 25
Stocks
Oilfield service provider SLB warns of lower spending by oil producers, tariff hit
SLB joins rivals Halliburton and Baker Hughes in flagging cautionExpects global upstream investment to decline compared to 2024Half of SLB's operations still potentially exposed to tariffsBy Arunima Kumar and Arathy Somasekhar April 25 (Reuters) - Top oilfield services provider SLB SLB.N join...Reuters
Fri, Apr 25
Other
Comcast Corp Board Recommends Shareholders To Vote Against Shareholder Proposal To Adopt Policy For Independent Chair
April 25 (Reuters) - Comcast Corp CMCSA.O:COMCAST CORP BOARD RECOMMENDS SHAREHOLDERS TO VOTE AGAINST SHAREHOLDER PROPOSAL TO ADOPT POLICY FOR AN INDEPENDENT CHAIR- SEC FILINGSource text: [ID:n0001308179-25-000505]Reuters
Fri, Apr 25
Cryptocurrencies
China tells Trump to ‘stop creating confusion’ with his lies about trade talks
China told the White House on Friday to quit spreading lies about trade negotiations. The Chinese foreign ministry said there are no talks happening, no meetings planned, and no communication underway with the US on tariffs. This came after President Donald Trump told reporters that the two countries were having discussions. Beijing called that false […]Cryptopolitan
Fri, Apr 25
Other
RenRe’s Marra: Mid-year catastrophe renewals more in favour of reinsurers than 1.1
By David BullApril 25 - (The Insurer) - RenaissanceRe is eyeing opportunities at the mid-year catastrophe renewals amid increased demand and attractive rates and retentions, with CUO David Marra suggesting trading conditions are “more in favour of reinsurers” than at January 1.The executive was spea...Reuters
Fri, Apr 25
Other
Ice hockey-Judge declares mistrial in Canadian junior team sexual assault case
April 25 (Reuters) - A judge has declared a mistrial in the case of five former members of Canada's world junior ice hockey team accused of sexually assaulting a woman in a hotel in 2018. Superior Court Justice Maria Carroccia made the announcement on Friday, two days after the trial had begun, ...Reuters
Fri, Apr 25
Stocks
HSBC upgrades Keurig Dr Pepper as soft drinks momentum offsets coffee weakness
Investing.com -- HSBC upgraded Keurig Dr Pepper (NASDAQ:KDP) to Buy from Hold and raised its target price to $42 from $36, citing strong first-quarter results in soft drinks that supported the companyInvesting.com
Fri, Apr 25
Cryptocurrencies
Bitcoin Trades At 40% Discount As ‘Triple Put’ Unfolds: Hedge Fund Founder
Bitcoin is changing hands at prices almost 40% below its modeled “energy value,” yet an unusual confluence of technical, fundamental and policy signals suggests the market may be turning, according to Charles Edwards, founder of the quantitative crypto hedge fund Capriole Investments. In his latest ...NewsBTC
Fri, Apr 25
Other
Luigi Mangione due in court for arraignment as prosecutors seek death penalty
Mangione pleaded not guilty to state charges in Thompson's killingFederal prosecutors seek death penalty for 26-year-oldBrazen killing, five-day manhunt captivated AmericansBy Luc Cohen NEW YORK, April 25 (Reuters) - Luigi Mangione was due in Manhattan federal court on Friday to be asked ...Reuters
Fri, Apr 25
Other
EXCLUSIVE-Rubio replaces top US diplomat for Europe with former Senate aide
By Simon Lewis WASHINGTON, April 25 (Reuters) - Secretary of State Marco Rubio has appointed a former member of his Senate staff with private sector experience as the U.S. State Department's top official for Europe, according to an internal email sent on Friday seen by Reuters and two officia...Reuters
Fri, Apr 25
Stocks
Crypto stocks gain as bitcoin hits two-month high
** Shares of cryptocurrency and blockchain-related firms advance on Fri, tracking bitcoin climb to highest level in two months** Bitcoin BTC=, world's biggest cryptocurrency, up 2.2% to $95,551; Ether ETH= lifts 2.8% to $1,812** Crypto exchange Coinbase Global COIN.O up 2%, and BTC proxy Strateg...Reuters
Fri, Apr 25
Stocks
Refiner Phillips 66 down after bigger-than-expected Q1 loss
** U.S. refiner Phillips 66's PSX.N shares down 1.9% to $102.74** Company reports bigger-than-expected Q1 loss, hurt by lower refining margins** Q1 adj loss 90 cents/shr vs est of loss of 72 cents/shr - LSEG** Q1 refining margins fall 38% to $6.81/bbl and turnaround expenses more than double to ...Reuters
Fri, Apr 25
Other
Soccer-Wrexham out to write another chapter in storybook rise
By Lori Ewing April 25 (Reuters) - Wrexham's storybook rise under the ownership of Hollywood A-listers Ryan Reynolds and Rob McElhenney has left them on the cusp of a remarkable third successive promotion, a tale that has captivated fans on both sides of the Atlantic. While Reynolds, a Cana...Reuters
Fri, Apr 25
Stocks
South African rand firms as investors seek clarity on budget
By Tannur Anders JOHANNESBURG, April 25 (Reuters) - South Africa's rand firmed on Friday as investors awaited clarity amid a dispute over the national budget that has rattled domestic markets.At 1500 GMT, the rand traded at 18.7475 against the dollar ZAR=D3, about 0.3% stronger than its previ...Reuters
Fri, Apr 25
Commodities
Lyondell Houston refinery ceased operations in February, company says
HOUSTON, April 25 (Reuters) - Lyondell Basell Industries LYB.N permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company's chief executive during a Friday conference call. Reuters reported on Feb. 7 the company completed the shutdown of the ...Reuters
Fri, Apr 25
