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Why Amazon Stock Gained 11% in May
Amazon (NASDAQ: AMZN) stock gained 11% in May, according to data provided by S&P Global Market Intelligence. While there wasn't any new specific to Amazon, many stocks gained on the pause in tariffs on Chinese goods.The leading U.S. e-commerce retailerAmazon has an unbeatable hold on U.S. e-commerce...The Motley Fool
Wed, Jun 4
Other
German foreign minister: pushing for more sanctions against Russia
BERLIN, June 4 (Reuters) - Talks between Russia and Ukraine in Turkey were sobering, German Foreign Minister Johann Wadephul said on Wednesday, adding Germany was pushing for new sanctions against Moscow which should be coordinated with the United States."What we experienced at the recent talks ...Reuters
Wed, Jun 4
Commodities
CORRECTED-WRAPUP 10-EU says US trade talks move in right direction, but metals tariffs not helping
Doubled steel tariffs kick inTrading partners urged to submit proposals to avoid 'Liberation Day' tariffsEU trade negotiator says he had 'constructive' talk with US representativeTrump says Xi 'extremely hard to By Julia Payne and Doina Chiacu PARIS, June 4 (Reuters) - Trade t...Reuters
Wed, Jun 4
Economic Indicator
Fed hawks and doves: what US central bankers are saying
June 4 (Reuters) - U.S. central bankers are expected to leave short-term borrowing costs unchanged at their June 17-18 meeting to keep downward pressure on inflation as they wait to see how President Donald Trump 's trade and other policies affect prices and employment. Here is a...Reuters
Wed, Jun 4
Economic Indicator
US crude stocks fall, gasoline and distillate inventories rise - EIA
NEW YORK, June 4 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 4.3 million barrels to 436.1 million barrels in the week ended May 30, the EIA said, compared with analysts&...Reuters
Wed, Jun 4
Other
Bridgewater Founder Ray Dalio Says Think We're Going To Be In A Period Of Greater-Than-Normal Risk - CNBC Interview
June 4 (Reuters) - BRIDGEWATER FOUNDER RAY DALIO SAYS THINK WE'RE GOING TO BE IN A PERIOD OF GREATER-THAN-NORMAL RISK- CNBC INTERVIEWSource text: [ID:]Further company coverage: [ ]Reuters
Wed, Jun 4
Other
CORRECTED-Retailer Temu's daily US users nearly halve following end of 'de minimis' loophole
US-China trade war weighs on e-commerce platform TemuDe minimis exemption helped Temu and rival Shein keep prices low Temu's daily US users fell 48% in May compared to March, according to Sensor TowerBy Casey Hall and Arriana McLymore SHANGHAI/NEW YORK, June 2 (Reuters) - Daily U.S. users of ...Reuters
Wed, Jun 4
Commodities
Saudi Arabia lowers Arab Light July OSP for Asia
June 4 (Reuters) - Saudi Arabia has lowered the official selling price (OSP) for its flagship Arab light crude it sells to Asia in July to $1.20 a barrel above the Oman/Dubai average, according to a pricing document seen by Reuters on Wednesday.The OSP premium for June was $1.40 a barrel.Reuters
Wed, Jun 4
Stocks
Genesco Inc reports results for the quarter ended April 30 - Earnings Summary
Genesco Inc GCO.N reported a quarterly adjusted loss of $2.05 per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $-2.10. The mean expectation of three analysts for the quarter was for a loss of $2.03 per share. Wall Street expected r...Reuters
Wed, Jun 4
Commodities
Autoliv CFO: I Expect Inflationary Pressures To Come Down
June 4 (Reuters) - Autoliv Inc ALV.N in a presentation to analysts and media:AUTOLIV: WE ESTIMATE THAT ADDITIONAL TARIFFS ON STEEL, ALUMINUM AND NON-USMCA COMPLIANT PARTS COULD AMOUNT TO AROUND $100 MILLION ANNUALLYAUTOLIV CFO: I EXPECT INFLATIONARY PRESSURES TO COME DOWNReuters
Wed, Jun 4
Commodities
Canada labour union Unifor calls for retaliatory tariffs on us steel and aluminium
By Divya RajagopalTORONTO, June 4 (Reuters) - Canada's labour union Unifor, in a statement on Wednesday called for retaliatory tariffs on US steel and aluminium to match the 50% tariff imposed by the U.S. government."Unifor is urging the federal government to act without delay to defend Cana...Reuters
Wed, Jun 4
Other
Ex-Nexus US CEO Kembrooke returns with BP Marsh-backed MGA Amiga
By Ryan HewlettJune 4 - (The Insurer) - Former Nexus US CEO Adam Kembrooke has returned to the market with the launch of Amiga, a startup MGA backed by specialist insurance investor BP Marsh and Partners.London-listed BP Marsh confirmed in a stock exchange filing on Wednesday that it had subscribed ...Reuters
Wed, Jun 4
Other
Moog Enters New Term Loan Facility Of $250 Mln
June 4 (Reuters) - Moog Inc MOGa.N:MOOG INC - ON MAY 30, ENTERS SEVENTH AMENDED AND RESTATED LOAN AGREEMENT - SEC FILINGMOOG INC - NEW TERM LOAN FACILITY OF $250 MILLION - SEC FILINGMOOG INC - NEW TERM LOAN MATURES ON OCTOBER 27, 2027 - SEC FILINGReuters
Wed, Jun 4
Other
Fitch Says Strong Demand Supports Earnings Growth In European Aerospace & Defence
June 4 (Reuters) - FITCH: STRONG DEMAND SUPPORTS EARNINGS GROWTH IN EUROPEAN AEROSPACE & DEFENCEFITCH: EXPECT SUPPLY CHAINS IN EUROPEAN AEROSPACE & DEFENCE TO NORMALISE IN 2026FITCH: US TARIFF TENSIONS MAY MODERATELY AFFECT COMMERCIAL AEROSPACE WHERE SUPPLY CHAINS ARE GLOBAL AND INTERTWINEDF...Reuters
Wed, Jun 4
Other
Tennis-Boisson bottles up Andreeva to spark French Open fairytale
By Julien PretotPARIS, June 4 (Reuters) - Lois Boisson sent the Roland Garros faithful into a state of euphoria on Wednesday, conjuring the unimaginable as she toppled Russian wunderkind Mirra Andreeva 7-6(6) 6-3 to reach the French Open semi-finals.In her maiden Grand Slam main draw appearance, gra...Reuters
Wed, Jun 4
Commodities
Mexico will respond if there is no agreement with U.S. on metals tariffs
June 4 (Reuters) - Mexico will announce measures next week if there is no agreement reached with the United States on the steel and aluminum tariffs announced, president Claudia Sheinbaum said Wednesday.She also called the U.S. announcement to raise the metals' tariffs an "unfair measure"...Reuters
Wed, Jun 4
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