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EU leaders relieved after centrist Dan wins Romanian presidency
EU was wary of victory for eurosceptic hard-rightDan has vowed to retain Romanian support for UkraineShock win for Dan boosts Romanian assetsInitial ballot cancelled after alleged Russian meddlingBy Elizaveta Gladun BUCHAREST, May 19 (Reuters) - Romania's European allies and markets welcomed ...Reuters
Mon, May 19
Cryptocurrencies
Virtuals Protocol Price Forecast: VIRTUAL set to extend losses as triple top formation emerges
Virtuals Protocol (VIRTUAL) price drops over 10% at the time of writing on Monday, trading around $1.78 following a failed attempt to break above a key resistance level over the weekend.Fxstreet
Mon, May 19
Stocks
3 Things All Retirees Need to Know About Social Security COLAs
Social Security cost-of-living adjustments, or COLAs, help protect the retirement, disability, and survivors benefits of millions of Americans from the potentially devastating effects of inflation. However, the process by which the annual COLA is calculated isn't well understood by many people, so l...The Motley Fool
Mon, May 19
Other
US vice president meets Pope Leo, an American known for past criticism of Trump
By Joshua McElwee VATICAN CITY, May 19 (Reuters) - Pope Leo XIV, a U.S. citizen who as a cardinal criticised the Trump administration's hard-line immigration policies, met at the Vatican on Monday with U.S. Vice President JD Vance, who converted to Roman Catholicism as an adult.A Vatican ...Reuters
Mon, May 19
Economic Indicator
EUR: Politics is a positive – ING
Not that it is normally a big driver of the euro exchange rate, but the outcome of the Romanian presidential election will be welcome news in Brussels as it prevents a further splintering of the bloc, ING's FX analyst Chris Turner notes.
Fxstreet
Mon, May 19
Stocks
Is the Invesco S&P 500 Equal Weight ETF a Better Buy Than an S&P 500 ETF?
The first exchange-traded fund (ETF) created was the SPDR S&P 500 ETF. It was a logical first step for what has now become a massive product category.There are multiple ways to use ETFs in a portfolio, but one of the best ways for long-term investors is still to simply buy the broad-based S&P 500 in...The Motley Fool
Mon, May 19
Economic Indicator
EU executive cuts euro zone growth forecasts because of U.S. trade war
BRUSSELS, May 19 (Reuters) - The euro zone economy will grow more slowly this year and next because of the trade war started by the United States and uncertainty over when and how it will end, the European Commission said on Monday.Reuters
Mon, May 19
Other
India threatens two offshore funds holding Adani shares with penalties, document shows
Funds face probe following Hindenburg's 2023 report on AdaniElara's two funds did not cooperate in Adani probe-documentIndia regulator warns funds of penalties, document showsFunds want to settle case without admitting guilt, sources sayBy Jayshree P Upadhyay MUMBAI, May 19 (Reuters) - I...Reuters
Mon, May 19
Technical Analysis
EUR/USD: Likely to consolidate between 1.1100 and 1.1290 – UOB Group
Euro (EUR) is expected to trade with an upward bias; any advance is likely limited to a test of 1.1225. In the longer run, EUR is likely to consolidate between 1.1100 and 1.1290 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, May 19
Stocks
JPMorgan cuts Netflix stock as recent outperformance reduces risk-reward appeal
Investing.com -- JPMorgan (NYSE:JPM) downgraded Netflix (NASDAQ:NFLX) to Neutral from Overweight, citing reduced risk-reward appeal following a sharp rally in the stock recently.The bank maintained aInvesting.com
Mon, May 19
Stocks
What Happens When the U.S. Loses Its Last AAA Rating? Sell America Again or Just “Sell the Fact”?
TradingKey - Following news that Moody’s downgraded the U.S. sovereign credit rating, and that China’s holdings of U.S. Treasuries fell to third place globally, Wall Street is now weighing a critical question: Will investors "sell the fact" and return to dollar assets — or will this trigger...TradingKey
Mon, May 19
Other
Iran says nuclear talks will fail if US pushes for zero enrichment
DUBAI, May 19 (Reuters) - Nuclear talks between Iran and the United States "will lead nowhere" if Washington insists that Tehran drop its uranium enrichment activity to zero, Deputy Foreign Minister Majid Takhtravanchi was quoted by state media on Monday as saying. U.S. special envoy Steve W...Reuters
Mon, May 19
Commodities
Qatar Airways' net profit jumps 28% as company expects strong demand to continue
DOHA, May 19 (Reuters) - State-owned Qatar Airways posted an annual net profit of a record 7.8 billion riyals ($2.1 billion) for the 2024 financial year ended March 31, up 28% from a year earlier, the company said on Monday, and expects strong demand ahead.Demand from the Gulf has defied a global sl...Reuters
Mon, May 19
Other
Kremlin says Romanian election was 'strange, to say the least', TASS reports
MOSCOW, May 19 (Reuters) - The Kremlin, asked on Monday about the Romanian election, in which pro-European centrist Nicusor Dan defeated a hard-right, nationalist rival, said that the vote's conduct had been "strange, to say the least", state news agency TASS reported.The election was a ...Reuters
Mon, May 19
Other
World Health Organization countries don't invite Taiwan to annual assembly
GENEVA, May 19 (Reuters) - Member states of the World Health Organization (WHO) on Monday rejected a proposal to invite Taiwan to its annual assembly in Geneva after China voiced opposition. Belize and Saint Vincent and the Grenadines spoke on behalf of a group of countries who brought a prop...Reuters
Mon, May 19
Stocks
Rate-sensitive tech, growth stocks fall after Moody's rating cut
** Shares of rate-sensitive tech and growth stocks drop premarket after U.S. Treasury yields extend gains** "Magnificent Seven" stocks slip; they have driven much of Wall Street's rally in the past year** Tesla TSLA.O loses 4.65%, Apple AAPL.O down 1.86%, Microsoft MSFT.O drops 1.25%, Am...Reuters
Mon, May 19
Stocks
Is President Trump Giving Seniors a Social Security Tax Cut?
President Trump promised several tax cuts on the campaign trail, and one of them was the elimination of federal income taxes on Social Security benefits. However, the president's new tax proposal shows a different break for seniors, and in this video, I'll share all of the details we know so far.*St...The Motley Fool
Mon, May 19
