News
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Stocks
Quantum computing stocks rise after D-Wave Quantum's results
** Shares of quantum computing stocks rise after D-Wave Quantum QBTS.N posts Q1 revenue above Wall Street estimate** Shares of QBTS surge 30% to $8.89 ** Rigetti Computing RGTI.O rises 8.2%, Quantum Computing QUBT.O jumps 9.2% and Quantum Corp QMCO.O up 5.2%. Quantum Corp, however, provides solution...Reuters
Mon, May 12
Stocks
Starbucks and the Pitfalls of Investing in Turnaround Stocks
Starbucks (NASDAQ: SBUX) finished February above $115 a share -- knocking on the door of a new all-time high. But at the time of this writing, the stock is around $81 a share. That's a brutal decline in a relatively short period, especially since the major indexes have recouped much of their losses ...The Motley Fool
Mon, May 12
Other
Italy's UniCredit raises profit outlook, still undecided on BPM deal
Net fees, trading income offset net interest income dropLifts profit outlook, confident it may raise it further Deals could be interesting but not at any costStrikes 10-year partnership with Google CloudBy Valentina Za MILAN, May 12 (Reuters) - Italy's second-biggest bank UniCredit CRDI.MI li...Reuters
Mon, May 12
Stocks
Gold miners fall as US, China reach deal to slash tariffs
** U.S.-listed shares of gold miners fall premarket, tracking a dip in bullion prices GOL/** Spot gold down 3.2% at $3,215.87/ounce, its lowest since May 1** Gold prices declined after the U.S. and China said that they agreed on a deal to slash reciprocal tariffs, sending the dollar higher** Top min...Reuters
Mon, May 12
Cryptocurrencies
US-China Agree to Temporarily Reduce Tariffs – Bitcoin and BTC Bull Token Presale Stand to Benefit
The US and China have agreed to reduce some tariffs for 90 days, temporarily easing trade tensions. For now, Beijing has committed to lowering tariffs on US goods from 125% to 10%, whereas Washington will slash its duties on Chinese goods from 145% to 30%. These tariff cuts between the two economic ...Bitcoinist
Mon, May 12
Other
Entire population of Gaza continues to face a critical risk of famine, global hunger monitor says
BEIRUT, May 12 (Reuters) - The entire population of Gaza continues to face a critical risk of famine, and half a million people face starvation, a global hunger monitor said on Monday, calling this a major deterioration since its last report in October.The latest assessment by the Integrated Food Se...Reuters
Mon, May 12
Cryptocurrencies
Bitcoin Stays Resilient While Wall Street Stumbles – Details
Bitcoin’s price has surged some 25% since April 2, even as the big stock indexes declined. The digital currency broke through $104,000 by May 12. Traditional markets such as the S&P 500 were in the red simultaneously. Based on market data, Bitcoin’s resilience has stood out in the fa...NewsBTC
Mon, May 12
Economic Indicator
Tariff uncertainty clouds outlook for US television's annual ad-selling bonanza
Networks to make star-studded pitches to brands this weekMedia firms may face pressure to offer pricing concessions Research firm says television ad spending could drop by $4 billionBy Lisa Richwine and Dawn Chmielewski LOS ANGELES, May 12 (Reuters) - The risk of a tariff-induced U.S. recession i...Reuters
Mon, May 12
Other
Republicans to reveal whether they will advance tax hike on the wealthy
Unclear whether Republicans will raise taxes on the wealthyRepublicans at odds over tax, spending detailsJohnson weighs reducing size of tax packageHouse Republicans seek increase of child tax creditBy Bo Erickson WASHINGTON, May 12 (Reuters) - Republicans in Congress are expected this week to re...Reuters
Mon, May 12
Stocks
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025June 17-18 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)July 29-30 (second day: statement released 1400 EDT/18...Reuters
Mon, May 12
Other
Sex trafficker or 'swinger'? Hip-hop mogul Sean 'Diddy' Combs goes on trial
Combs faces five felony counts, including racketeering conspiracyProsecutors allege Combs used fame to abuse women, citing violent incidentsDefense argues sexual activities were consensual, challenges accusers' credibilityBy Luc Cohen and Jack Queen NEW YORK, May 12 (Reuters) - Hip-hop mogul ...Reuters
Mon, May 12
Commodities
Brazil seeks China trade boost amid Trump tariff chaos as Lula meets Xi
By Lisandra Paraguassu BRASILIA, May 12 (Reuters) - Brazil's President Luiz Inacio Lula da Silva heads to Beijing this week to meet his counterpart Xi Jinping, seeking to tighten relations between the two nations while leveraging U.S. President Donald Trump's unpredictable trade policies ...Reuters
Mon, May 12
Stocks
US stocks weekly: Trade down
** S&P 500 .SPX breaks two-week winning streak, ends down 0.5%, after digesting Fed, cheering UK trade deal, but cautiously awaiting China tariff talks .N** Dow .DJI dips 0.2%, Nasdaq Composite .IXIC off 0.3%** This as S&P 500's index's moving average wall trumps win streak, and Nasd...Reuters
Mon, May 12
Forex
RPT-COLUMN-Past 'peak uncertainty' or eye of storm?: Mike Dolan
By Mike Dolan LONDON, May 12 (Reuters) - Far from full steam ahead, financial markets find themselves in the same boat as the Federal Reserve. They really don't know where this historic trade disruption will end up.Inadvertently, U.S. President Donald Trump and Fed Chair Jerome Powell appeare...Reuters
Mon, May 12
Technical Analysis
EUR/USD pulls back from 1.1570 resistance – Société Générale
EUR/USD is under pressure as technical momentum fades, with the pair testing key trend support and downside risks building below the 50-day moving average near 1.1070, Société Générale's FX analysts note.
Fxstreet
Mon, May 12
Other
Shipping group Maersk says US-China deal is a step in the right direction; shares spike
COPENHAGEN, May 12 (Reuters) - Danish shipping group MAERSKb.CO Maersk said on Monday that the agreement between China and the United States to introduce a 90-day pause on tariffs and reciprocal duties was a step in the right direction. Shares in Maersk traded 12.9% higher at 0948 GMT."We hope i...Reuters
Mon, May 12
Other
Westfield Specialty adds Arch duo to offshore energy team
By Navneeta NandanMay 12 - (The Insurer) - Westfield Specialty International has named Michael Poulteney as class underwriter and Manraj Kaila as senior underwriter for its offshore energy team.Both will be based in London with Poulteney reporting to Jon Hamilton, head of marine and energy.Both Poul...Reuters
Mon, May 12
