News
Important Only
Commodities
Equinor says it could cancel New York offshore wind project over Trump order
May 12 (Reuters) - The developer of a major U.S. offshore wind project warned that it will cancel the Empire Wind facility off the coast of New York if it cannot reach a resolution over a stop-work order issued by the Trump administration in the coming days.Molly Morris, president of the U.S. renewa...Reuters
Mon, May 12
Other
Buyers of $TRUMP meme spent $148 million to win dinner with President Trump
Top 220 $TRUMP holders to dine with TrumpCritics say $TRUMP meme coin allows foreign access to TrumpSenators propose bills to curb crypto profitsBy Michelle ConlinNEW YORK, May 12 (Reuters) - Buyers of U.S. President Donald Trump’s $TRUMP meme coin spent an estimated $148 million in the contest to w...Reuters
Mon, May 12
Forex
Canadian Dollar falls for a fourth straight session as markets get tariff tunnel vision
The Canadian Dollar (CAD) fell further on Monday, shedding around one-half of one percent against the US Dollar (USD) as investors broadly bid up the Greenback after the Trump administration proudly announced that they would be walking back their own triple-digit tariffs on Chinese imports.
Fxstreet
Mon, May 12
Economic Indicator
US budget surplus rises 23% to $258 billion in April, customs revenue surges
May 12 (Reuters) - The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties, the Treasury Department said on Monday.Treasury repo...Reuters
Mon, May 12
Cryptocurrencies
Ethereum Final Leg-Up: New Impulsive Phase Maps A Clear Route To Cycle Peak
Bullish momentum continues to rise in the market, and Ethereum seems to have found stability as the second-largest digital asset extends its renewed upward trend, breaking past the $2,500 mark. After several months of bearish performance, ETH has finally entered its next bull phase that would potent...Bitcoinist
Mon, May 12
Economic Indicator
What to Watch in the Day Ahead - Tuesday, May 13
On the U.S. economic front, the Consumer Price Index (CPI) is forecast to have edged up 0.3% in April after falling 0.1% the month before. Annually, inflation will likely remain unchanged at 2.4% in April. Meanwhile, core CPI is estimated to have inched up 0.3% last month, compared to a 0.1% increas...Reuters
Mon, May 12
Forex
Fitch upgrades Argentina's rating on IMF support, Forex reforms
May 12 (Reuters) - Credit ratings agency Fitch on Monday upgraded Argentina's long-term foreign-currency and local-currency issuer default rating to "CCC+" from "CCC", citing the launch of a new International Monetary Fund (IMF) program and the liberalization of the foreign-excha...Reuters
Mon, May 12
Other
Fed survey finds tighter standards, weaker demand for loans in first quarter
By Michael S. Derby and Ann SaphirMay 12 (Reuters) - Top U.S. bank lending officers said credit standards tightened over the first three months of the year, according to a report released on Monday by the Federal Reserve. During the first quarter banks reported "on balance tighter lending standa...Reuters
Mon, May 12
Forex
CANADA FX DEBT-Canadian dollar hits one-month low against surging greenback
Canadian dollar falls 0.5% against the greenbackPrice of oil rises 1.8%10-year yield hits near three-week highBy Fergal Smith TORONTO, May 12 (Reuters) - The Canadian dollar weakened to a one-month low against its U.S. counterpart on Monday as a truce in the trade war between the United States an...Reuters
Mon, May 12
Stocks
Forge Global rises after Piper Sandler upgrades to 'overweight'
** Private securities marketplace Forge Global's FRGE.N shares jump as much as 13.3%; last up 3.7% at $15.04** Piper Sandler upgrades FRGE to "overweight" from "neutral"; maintains $30 PT, implying a 106.9% upside to stock's last close** Brokerage says FRGE shares are underva...Reuters
Mon, May 12
Stocks
PREVIEW: Hertz accelerates heading into report due after the bell
** Shares of Hertz HTZ.O up 2.8% at $6.91 and gaining for fourth straight session on Mon with rental car firm's Q1 results due after market close** Analysts on avg expect HTZ to post adj loss/sh of 97 cents, narrower than $1.28 loss a yr ago, on rev of $2 bln, down ~4% y/y, according to LSEG dat...Reuters
Mon, May 12
Other
Norway's Wealth Fund to engage Rio Tinto, South32 over environmental concerns
May 12 (Reuters) - Norway's sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has decided to actively engage with mining companies Rio Tinto RIO.AX and South32 S32.AX regarding their environmental practices, the fund operator said on Sunday.The executive board of the la...Reuters
Mon, May 12
Other
Ukraine's Zelenskiy: Russia continues attacks, gives no response to proposal for direct talks
May 12 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Monday that Russia was continuing its attacks on Ukraine and had made no response to a proposal for direct talks in Turkey this week in a "strange silence.""Russian shelling and assaults continue," Zelenskiy said in h...Reuters
Mon, May 12
Indices
US Dollar surges as trade war cools and Fed cuts get priced out
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, skyrocketed to a one-month high on Monday after China and the United States announced a 90-day pause in their trade war.Fxstreet
Mon, May 12
Stocks
Here's Why GE HealthCare Stock Blasted Higher Today
A thawing in the U.S./China trading relationship is excellent news for a company like GE HealthCare Technologies (NASDAQ: GEHC). It's a large exporter to China (a market management sees as having excellent long-term potential) and uses Chinese-sourced components in its products. As such, the stock j...The Motley Fool
Mon, May 12
Other
Mercedes to add GLC SUV production at Alabama plant
DETROIT, May 12 (Reuters) - Mercedes MBGn.DE executives on Monday confirmed the company will be adding GLC SUV production at its plant in Tuscaloosa, Alabama.The confirmation came after Mercedes earlier this month said it would bring "a core segment vehicle to Alabama by 2027."Reuters
Mon, May 12
Stocks
Isabella Bank rises in Nasdaq debut after years-long stint on OTC markets
** Community bank Isabella Bank ISBA.O begins trading on Nasdaq Capital Market after uplisting; stock up 3% at $27.43** ISBA had closed at $26.62 on Friday on over-the-counter (OTC) markets** "We expect listing our stock on Nasdaq will make it more liquid and easier to buy and sell for sharehold...Reuters
Mon, May 12
Stocks
ANALYSIS-Investors cheer US-China tariff truce, but cautious over a final deal
US and China agree to temporarily slash reciprocal tariffsDeal boosts dollar, stocks; safe havens slumpBut uncertainty prevails, focus turning to tax cutsBy Amanda Cooper, Samuel Shen and Lewis Krauskopf LONDON/SHANGHAI/NEW YORK, May 12 (Reuters) - A breakthrough in U.S.-China trade talks...Reuters
Mon, May 12
Other
BYD factory delayed in Brazil to be 'fully functional' by end-2026, says official
By Fabio Teixeira RIO DE JANEIRO, May 12 (Reuters) - Chinese electric car maker BYD's 002594.SZ new factory in Brazil will be "fully functional" by December 2026, after its operations were delayed because of an investigation into labor abuses, Bahia state labor secretary Augusto Vasco...Reuters
Mon, May 12
