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AUD/USD posts fresh highs as trade optimism and economic data boost Aussie
The AUD/USD pair surged on Monday, reaching a fresh five-month high near the 0.6500 level. The Australian Dollar (AUD) benefits from a range of factors, including the US Dollar’s (USD) weakness, a solid economic report from the US and the strengthening of global risk sentiment.
Fxstreet
Mon, May 5
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Phibro Animal Health Corp expected to post earnings of 52 cents a share - Earnings Preview
Phibro Animal Health Corp PAHC.OQ PAHC.O is expected to show a rise in quarterly revenue when it reports results on May 7 for the period ending March 31 2025The Teaneck New Jersey-based company is expected to report a 33.9% increase in revenue to $352.405 million from $263.2 million a year ago, ac...Reuters
Mon, May 5
Other
IAC's core profit rises on strength from Dotdash Meredith
May 5 (Reuters) - IAC IAC.O reported a rise in core profit in the first quarter on Monday, driven by lower expenses and steady growth in its largest business.Dotdash Meredith, IAC's biggest business, which owns and operates top brands such as Food & Wine magazine and Investopedia, reported a...Reuters
Mon, May 5
Other
Chesapeake Utilities Corp expected to post earnings of $2.32 a share - Earnings Preview
Chesapeake Utilities Corp CPK.N, CPK is expected to show a rise in quarterly revenue when it reports results on May 7 for the period ending March 31 2025The Dover Delaware-based company is expected to report a 2.7% increase in revenue to $252.3 million from $245.74 million a year ago, according to...Reuters
Mon, May 5
Other
Deals of the day-Mergers and acquisitions
May 5 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:** Commerzbank employee representatives are calling on staff to protest against a possible takeover by the Italian bank UniCredit CRDI.MI, signalling that resistance to any d...Reuters
Mon, May 5
Other
Vertex misses quarterly results on weaker-than-expected demand for cystic fibrosis drug
May 5 (Reuters) - Vertex Pharmaceuticals VRTX.O missed Wall Street estimates for quarterly results on Monday, due to lower-than-expected sales of its cystic fibrosis (CF) drug Trikafta.However, the drugmaker raised the lower end of its revenue forecast as it looks to its acute pain drug, Journavx, a...Reuters
Mon, May 5
Other
CORRECTED-Rivian to build $120 million Illinois supplier park
May 5 (Reuters) - Rivian RIVN.O said on Monday it will invest $120 million to build a its key parts suppliers near its plant in Illinois, as the electric vehicle-maker gears up to produce its less expensive R2 SUVs next year.The supplier park near Rivian's facility at Normal, Illinois will also ...Reuters
Mon, May 5
Economic Indicator
Tariff fears loom large at Milken as executives try to stay calm
Trump's tariffs cause investment pauses, risks for U.S. assetsEconomists warn of recession risks, Trump's softer tariff stance raises hopesInvestors cautious, some see opportunities amid market volatilityBy Davide Barbuscia and Svea Herbst-Bayliss BEVERLY HILLS, May 5 (Reuters) - Wall Str...Reuters
Mon, May 5
Other
Great Elm Group Inc expected to post earnings of 33 cents a share - Earnings Preview
Great Elm Group Inc GEG.OQ GEG.O is expected to report resultson May 7 for the period ending March 31 2025LSEG's mean analyst estimate for Great Elm Group Inc is for earnings of 33 cents per share. The one available analyst rating on the shares is "hold". The mean earnings estimate of ...Reuters
Mon, May 5
Other
Global Net Lease Inc expected to post a loss of 12 cents a share - Earnings Preview
Global Net Lease Inc GNL.N, GNL is expected to show a fall in quarterly revenue when it reports results on May 7 for the period ending March 31 2025The New York City-based company is expected to report a 8.7% decrease in revenue to $188.103 million from $206.05 million a year ago, according to the...Reuters
Mon, May 5
Other
Ford pulls guidance, warns it will take $1.5 billion hit from Trump's tariffs
By Nora Eckert and Nathan Gomes DETROIT, May 5 (Reuters) - Ford Motor suspended its annual guidance on Monday because of uncertainty around U.S. President Donald Trump's tariffs, saying the levies would cost the company about $1.5 billion in adjusted earnings before interest and taxes. In Feb...Reuters
Mon, May 5
Other
Palantir raises annual revenue forecast on booming AI demand
May 5 (Reuters) - Data and analytics firm Palantir Technologies raised its annual sales forecast on Monday, betting on strong demand for its products that help businesses adopt generative AI technology. Palantir PLTR.O has benefited from a boom in the adoption of GenAI technology as enterprises lev...Reuters
Mon, May 5
Stocks
Barbie-parent Mattel pulls annual forecasts, to hike prices as tariffs raise costs
May 5 (Reuters) - Barbie-parent Mattel MAT.O withdrew its annual financial targets on Monday and said it would increase prices for some products in the U.S. to counter higher input costs due to the Trump administration's sweeping tariffs on key trading partners."Given the volatile macroecono...Reuters
Mon, May 5
Commodities
Diamondback Energy beats first-quarter profit estimates
May 5 (Reuters) - U.S. shale producer Diamondback Energy FANG.O beat estimates for first-quarter profit on Monday, as the company benefited from higher natural gas prices. The company reported an adjusted profit of $4.54 per share for the quarter ended March 31, compared with analysts' average e...Reuters
Mon, May 5
Other
Regulus Therapeutics Inc expected to post a loss of 24 cents a share - Earnings Preview
Regulus Therapeutics Inc RGLS.OQ RGLS.O is expected to show no change in quarterly revenue when it reports results on May 7 (estimated) for the period ending March 31 2025LSEG's mean analyst estimate for Regulus Therapeutics Inc is for a loss of 24 cents per share. The current average analyst ...Reuters
Mon, May 5
Other
NN Inc expected to post a loss of 3 cents a share - Earnings Preview
NN Inc NNBR.OQ NNBR.O is expected to show a fall in quarterly revenue when it reports results on May 7 for the period ending March 31 2025The Charlotte North Carolina-based company is expected to report a 7.6% decrease in revenue to $111.963 million from $121.2 million a year ago, according to the...Reuters
Mon, May 5
Other
Nephros Inc expected to post breakeven results a share - Earnings Preview
Nephros Inc NEPH.OQ NEPH.O is expected to show a rise in quarterly revenue when it reports results on May 7 (estimated) for the period ending March 31 2025The South Orange New Jersey-based company is expected to report a 3.7% increase in revenue to $3.652 million from $3.52 million a year ago, acc...Reuters
Mon, May 5
Other
Backblaze Inc expected to post a loss of 19 cents a share - Earnings Preview
Backblaze Inc BLZE.OQ BLZE.O is expected to show a rise in quarterly revenue when it reports results on May 7 for the period ending March 31 2025The San Mateo California-based company is expected to report a 14.3% increase in revenue to $34.241 million from $29.97 million a year ago, according to ...Reuters
Mon, May 5
Other
California scraps new bar exam for July, adjusts scores on botched February test
By Karen Sloan May 5 (Reuters) - California will not administer its newly developed bar exam in July, after the state’s Supreme Court on Friday ordered a return to the previous test following a disastrous rollout in February. The California Supreme Court directed the State Bar of California to us...Reuters
Mon, May 5
Cryptocurrencies
Ethereum Breaks Massive Downtrend Price Structure – Momentum Shift?
After enduring months of aggressive selling pressure, Ethereum is finally showing signs of life. As bullish momentum slowly builds, hopes for a recovery rally are beginning to resurface. While ETH continues to trade below the key $2,000 mark, bulls are actively defending critical demand zones in an ...NewsBTC
Mon, May 5
