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US congratulates Germany's Merz on becoming chancellor
WASHINGTON, May 7 (Reuters) - Vice President JD Vance on Wednesday extended congratulations from the United States to Germany's Friedrich Merz after the conservative leader was elected chancellor."I know that we'll have a conversation with him in the next couple of days," Vance said ...Reuters
May 7, 2025
Stocks
Ardmore Shipping Corp reports results for the quarter ended March 31 - Earnings Summary
Ardmore Shipping Corp ASC.N reported quarterly adjusted earnings of 14 cents per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 92 cents. The mean expectation of four analysts for the quarter was for earnings of 13 cents per share. Wa...Reuters
May 7, 2025
Other
Putin and Maduro sign strategic partnership agreement
MOSCOW, May 7 (Reuters) - Russian President Vladimir Putin and Venezuelan President Nicolas Maduro on Wednesday signed a strategic partnership agreement in a ceremony shown on state TV.The two leaders discussed energy and oil during their talks in Moscow on Wednesday, Russia's Interfax news agen...Reuters
May 7, 2025
Other
FM unveils virtual program for AI and data center risk
By Rebecca DelaneyMay 7 - (The Insurer) - Commercial property insurer FM has launched the FM Intellium program to help clients understand the risks associated with the recent boom in AI technologies and cloud computing.These technological innovations require data centers and subsequent power generat...Reuters
May 7, 2025
Stocks
CrowdStrike to lay off 5% of staff, reaffirms forecasts
May 7 (Reuters) - CrowdStrike CRWD.O reiterated its fiscal 2026 first quarter and annual forecasts on Wednesday and announced a plan to cut about 500 roles, roughly 5% of its workforce, to streamline operations and reduce costs.The cybersecurity company will incur about $36 million to $53 million in...Reuters
May 7, 2025
Other
Lockton PL Ferrari appoints Atkins London office manager
By Michael JonesMay 7 - (The Insurer) - Specialist P&I broker Lockton P.L Ferrari has appointed Pippa Atkins as manager of its London office, the company said on Wednesday.Atkins will be in charge of the day-to-day management of the London team and will handle strategic decision-making, alongsid...Reuters
May 7, 2025
Stocks
Emerson Electric raises annual profit forecast, shares jump
May 7 (Reuters) - Emerson Electric EMR.N raised its full-year profit forecast on Wednesday on the back of strong demand for its automation services and products that also helped the company report second-quarter earnings ahead of Wall Street estimates.The company's shares jumped more than 3% to ...Reuters
May 7, 2025
Stocks
TPG Inc reports results for the quarter ended March 31 - Earnings Summary
TPG Inc TPG.OQ reported quarterly adjusted earnings of 51 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of twelve analysts for the quarter was for earnings of 46 cents per share. Wall Street ...Reuters
May 7, 2025
Other
Patriot Growth partners with aviation specialist LGA
By Michael JonesMay 7 - (The Insurer) - Patriot Growth Insurance Services has partnered with Texas-based aviation insurance agency Ladd Gardner Aviation Insurance (LGA), the company said on Tuesday.Founded in 2007 by Ladd Gardner, LGA specialises in aviation-related coverage for aircraft owners, ope...Reuters
May 7, 2025
Stocks
Cencora up on raising 2025 profit forecast
** Shares of drug distributor Cencora COR.N rise 5.7% to $307.50 ** Co raises annual adj.profit forecast on strong demand for costly specialty medicines and weight-loss drugs** Expects 2025 adj.profit to be between $15.70 and $15.95 per share, up from its previous expectation of $15.30 to $15.60 per...Reuters
May 7, 2025
Stocks
Greg Abel Is Taking Over for Warren Buffett at Berkshire Hathaway. Here's What You Need to Know.
Warren Buffett first shared that Greg Abel would take over as CEO in 2021, but no one was quite prepared to hear him officially pass the baton last weekend at the Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) annual meeting.It's hard to imagine the company without the investing legend at its helm, b...The Motley Fool
May 7, 2025
Stocks
Nelson Tanure's Trustee reduces stake in Brazil's GPA to below 5%
SAO PAULO, May 7 (Reuters) - Trustee Distribuidora de Titulos e Valores Mobiliarios, an asset manager controlled by businessman Nelson Tanure, reduced its stake in Grupo Pao de Açucar PCAR3.SA to below 5%, the Brazilian retailer said in a statement on Wednesday. The decision comes amid a battle for ...Reuters
May 7, 2025
Stocks
Premium Brands Holdings Corp reports results for the quarter ended March 31 - Earnings Summary
Premium Brands Holdings Corp PBH.TO reported quarterly adjusted earnings of 68 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of nine analysts for the quarter was for earnings of 69 cents per ...Reuters
May 7, 2025
Stocks
Flex Ltd reports results for the quarter ended March 31 - Earnings Summary
Flex Ltd FLEX.OQ reported quarterly adjusted earnings of 73 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of nine analysts for the quarter was for earnings of 70 cents per share. Wall Street ...Reuters
May 7, 2025
Cryptocurrencies
Cena Bitcoinu sa chystá prekročiť 100 tisíc $. Podporí rast rozhodnutie FED?
Cena Bitcoinu je momentálne k 97 115 $ a nálada na trhu je opäť optimistická. Za posledný mesiac si držitelia BTC pripísali vo svojich peňaženkách približne 27 %. Celkový objem trhovej kapitalizácie najdominantnejšej kryptomeny sa tak vyšplhal na 1,92 biliónov dolárov. Dlhodobo je Bitcoin stále najv...Bitcoinist
May 7, 2025
Other
King Risk Partners names Joel Eubank COO
By Navneeta NandanMay 7 - (The Insurer) - U.S.-based broker King Risk Partners has appointed Joel Eubank as chief operating officer.Eubank, who began the role last month, was previously COO and chief financial officer of Dealer Services at Brown & Brown Insurance, where he led acquisition integr...Reuters
May 7, 2025
Other
Vance says no conversation between US, China on strategic deal on Taiwan
WASHINGTON, May 7 (Reuters) - The United States and China have not had a conversation about a strategic deal on Taiwan, U.S. Vice President JD Vance said on Wednesday.Vance told an event hosted by the Munich Security Conference in Washington that the Trump administration was working to rebalance glo...Reuters
May 7, 2025
Commodities
Grisly Peru mining murders spotlight 'gold curse' in the Andes
By Sebastian Castaneda, Marco Aquino TRUJILLO, Peru, May 7 (Reuters) - Peruvian mining sector worker Frank Monzón was aware of the risks, but the lure of gold deep in the Andean rock of northern Pataz province outweighed the danger. Now he and 12 others are dead in one of the country's worst ...Reuters
May 7, 2025
Other
Teva Pharm's US production will help to limit US tariffs impact, CEO says
JERUSALEM, May 7 (Reuters) - Teva Pharmaceutical Industries TEVA.TA has a strong manufacturing footprint in the United States that should enable it to avoid significant damage from potential U.S. tariffs, chief executive Richard Francis told Reuters on Wednesday.Speaking after Teva TEVA.N issued fir...Reuters
May 7, 2025
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