News
Important Only
Commodities
US House targets big climate, clean energy rollbacks in budget proposal
By Valerie Volcovici WASHINGTON, May 12 (Reuters) - U.S. House lawmakers laid out plans on Sunday to phase out key clean energy tax credits, as well as slash billions in spending related to electric vehicles and renewable energy, fast-track gas exports and claw back unspent climate-related funds ...Reuters
Mon, May 12
Stocks
US retailers rise after US, China agree to ease some tariffs for 90 days
** Shares of retailers surge in early trading after U.S. and China agree to ease some tariffs and a 90-day pause** "While a 30% tariff is still a significant hit to retailers’ margins, ... the tentative deal provides some breathing room as retailers gear up for back-to-school and holiday shoppin...Reuters
Mon, May 12
Stocks
Copper miners rise after US and China agree to slash reciprocal tariffs
** Benchmark three-month copper CMCU3 on the London Metal Exchange up 1% at $9,528 a metric ton** Prices rose after the U.S. and China agreed to slash reciprocal tariffs, easing global recession fears** Shares of global mining giants Rio Tinto RIO.N and BHP Group BHP.N rise 2.8% and 3%, respectively...Reuters
Mon, May 12
Other
China's foreign minister meets counterparts from Colombia, Nicaragua, Guyana and Caribbean nations
BEIJING, May 12 (Reuters) - China's Foreign Minister Wang Yi on Monday met with counterparts and representatives from Colombia, Nicaragua, Guyana and some Caribbean countries in Beijing, according to statements released by the ministry.China is willing to carry out cooperation with Colombia on t...Reuters
Mon, May 12
Other
Incarnation Specialty gets Lloyd’s coverholder status
By Chris MunroMay 12 - (The Insurer) - Incarnation Specialty Underwriters has been operating as a Lloyd’s coverholder since May 1, benefiting from “expanded binder capacities”, the MGA said.The Teas-based MGA writes a range of marine-focused coverages. The company's Lloyd’s coverholder status ha...Reuters
Mon, May 12
Economic Indicator
Fed's Kugler says it has become hard to judge underlying US growth
By Howard Schneider WASHINGTON, May 12 (Reuters) - U.S. central bank officials are having trouble judging the underlying strength of the economy given the rapid changes in trade policy and the impact on households and businesses rushing earlier this year to buy imported goods, Federal Reserve Gov...Reuters
Mon, May 12
Commodities
US natgas prices drop 4% on rising output, lower flows to LNG export plants
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 12 (Reuters) - U.S. natural gas futures fell about 4% on Monday on a rise in output in recent days coupled with a decline in gas flows to liquefie...Reuters
Mon, May 12
Stocks
Gold miners fall as US, China reach deal to cut tariffs
** Shares of gold miners fall, tracking dip in bullion prices GOL/** Spot gold down 2.5% at $3,239.54/ounce** Gold prices declined after the U.S. and China agreed to temporarily slash tariffs ** Top miners Newmont NEM.N and Barrick Mining ABX.TO down 4.7% and 4.8%, respectively** U.S.-listed shares ...Reuters
Mon, May 12
Other
'Magnificent Seven' stocks rise as US-China trade deal boosts market confidence
** The "Magnificent Seven" group of megacap stocks up after the United States and China reached a deal to cut reciprocal tariffs ** Tesla TSLA.O climbs 5.44% , while Nvidia NVDA.O up 4.15%; Meta Platforms META.O and Amazon.com AMZN.O rise 5.53% and 7.38%, respectively** Apple AAPL.O up 4....Reuters
Mon, May 12
Stocks
Centuri Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Centuri Holdings Inc CTRI.N reported a quarterly adjusted loss of 12 cents per share for the quarter ended March 31. The mean expectation of five analysts for the quarter was for a loss of 15 cents per share. Wall Street expected results to range from -20 cents to -11 cents per share.Revenue was ...Reuters
Mon, May 12
Stocks
Imunon Inc reports results for the quarter ended March 31 - Earnings Summary
Imunon Inc IMNN.OQ reported a quarterly adjusted loss of 28 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -52 cents. The mean expectation of five analysts for the quarter was for a loss of 35 cents per share. Wall Street e...Reuters
Mon, May 12
Economic Indicator
U.S.-China tariff delay gives Fed fresh reason to sit tight on rates
By Howard Schneider WASHINGTON, May 12 (Reuters) - The Federal Reserve got one more reason to wait on cutting interest rates after a delay of the most punitive tariffs imposed in the Trump administration's trade battle with China appeared to reduce the chance of a U.S. economic slowdown that ...Reuters
Mon, May 12
Stocks
Upland Software Inc reports results for the quarter ended March 31 - Earnings Summary
Upland Software Inc UPLD.OQ reported quarterly adjusted earnings of 23 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of three analysts for the quarter was for earnings of 17 cents per share. ...Reuters
Mon, May 12
Other
Trump says U.S. drug prices could drop 90% due to executive order
WASHINGTON, May 12 (Reuters) - President Donald Trump said U.S. drug prices could come down between 59% to 90% after he sighs a wide-reaching executive order on Monday directing drugmakers to lower the prices of their medicines to align with what other countries pay.Reuters
Mon, May 12
Other
France accuses enemies of spreading fake news after 'cocaine bag' claims
By Michel Rose PARIS, May 12 (Reuters) - President Emmanuel Macron's office has accused France's enemies of spreading fake news by suggesting that he and other European leaders had taken drugs on a train during a visit to Kyiv.Video footage published online showed Macron sitting at a tabl...Reuters
Mon, May 12
Stocks
Ramaco Resources Inc reports results for the quarter ended March 31 - Earnings Summary
Ramaco Resources Inc METC.OQ reported a quarterly adjusted loss of 19 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of three analysts for the quarter was for a loss of 22 cents per share. Wall ...Reuters
Mon, May 12
Stocks
Tango Therapeutics Inc reports results for the quarter ended March 31 - Earnings Summary
Tango Therapeutics Inc TNGX.OQ reported a quarterly adjusted loss of 36 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -35 cents. The mean expectation of seven analysts for the quarter was for a loss of 35 cents per share. W...Reuters
Mon, May 12
Other
Iran warns Europeans that reimposing sanctions could have irreversible consequences
Fourth round of Iran-US nuclear talks concluded Sunday Europeans can reimpose UN sanctions by mid-OctoberIran-Europe ties strained by nuclear issues and UkraineBy John Irish PARIS, May 12 (Reuters) - Iran's foreign minister warned Britain, France and Germany on Monday that a decision to trigg...Reuters
Mon, May 12
Commodities
Mexico disagrees with US suspension of Mexican cattle imports over screwworm, president says
MEXICO CITY, May 12 (Reuters) - Mexican President Claudia Sheinbaum said on Monday that her nation did not agree with the U.S.' decision to suspend Mexican imports of cattle, horses and bison over the presence of the New World screwworm, adding that Mexico had shown collaboration in eradicating ...Reuters
Mon, May 12
