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Exxon group's Guyana oil output rose to 668,000 bpd last week
HOUSTON, May 6 - A consortium led by Exxon Mobil XOM.N that controls all oil and gas output in Guyana produced 668,000 barrels per day (bpd) of oil last week, the U.S. company's head for the South American country, Alistair Routledge, said in a conference on Tuesday.The group, which is working t...Reuters
May 6, 2025
Other
US SEC ends inquiry into Morgan Stanley's cash sweep program with no enforcement action
May 6 (Reuters) - The U.S. Securities and Exchange Commission has ended its investigation into Morgan Stanley's MS.N cash sweep program for advisory accounts and will not pursue enforcement action, the Wall Street bank said in a filing dated Monday.The bank had been in talks with the regulator s...Reuters
May 6, 2025
Other
Ferrari to start deliveries of new EV in October 2026
Deliveries of Ferrari's first EV to start in October 2026Sees 2025 core earnings of at least 2.68 bln eurosU.S. tariffs could hit 2025 margins by 50 basis pointsFirst-quarter core earnings rose 15% to 693 million eurosBy Giulio Piovaccari MILAN, May 6 (Reuters) - Ferrari RACE.MI first fully e...Reuters
May 6, 2025
Forex
FOREX-Dollar trades lower, euro gains after Merz elected German chancellor
Markets growing nervous about absence of trade deals Trade deficit widens to record $140.5 billion in MarchEuro extends gains after Friedrich Merz elected German chancellorTaiwan dollar steadies after surging at start of weekBy Chibuike Oguh and Alun John NEW YORK/LONDON, May 6 (Reuters) - The U....Reuters
May 6, 2025
Technical Analysis
Gold rallies as global risk sentiment deteriorates ahead of Fed policy update
Gold (XAU/USD) is rising sharply on Tuesday, supported by a convergence of geopolitical conflict, trade policy uncertainty, and investor defensiveness ahead of Wednesday’s Federal Reserve (Fed) interest rate decision and Chair Jerome Powell’s press conference.
Fxstreet
May 6, 2025
Stocks
General Motors and Adapting to Tariffs
General Motors (NYSE: GM) will be hit hard by tariffs, there's no doubt about that. But the company is adapting and moving some production to the U.S. On top of that, it's leaning on a strong market share in big trucks and SUVs to keep profits rolling in.*Stock prices used were end-of-day prices of ...The Motley Fool
May 6, 2025
Commodities
Offshore producer Beacon sees first oil from Shenandoah in June
HOUSTON, May 6 (Reuters) - U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday.The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd), was in the final sta...Reuters
May 6, 2025
Other
Mexican judges say judicial reform violated human rights
May 6 - Fourteen current and former federal judges in Mexico filed a petition to the Inter-American Commission on Human Rights calling for "reparation for human rights violations" that they say were caused by the country's recent overhaul of the judicial system, a group representing the ...Reuters
May 6, 2025
Other
US homeland security chief says travelers without REAL ID will be allowed to fly
By David ShepardsonWASHINGTON, May 6 (Reuters) - U.S. Homeland Security Secretary Kristi Noem said air travelers starting Wednesday who do not have enhanced ID cards may face enhanced security procedures but will not be denied access to flights. Starting Wednesday, the Transportation Security Ad...Reuters
May 6, 2025
Commodities
EU wheat claws back some losses after sliding to contract lows
PARIS, May 6 (Reuters) - European wheat rebounded on Monday after losing 2.5% to contract lows in the previous session, marking its largest one-day drop in nearly a year, as rain forecast in Russia and improved condition in the U.S. lifted sentiment about global supplies.The euro, trading near four-...Reuters
May 6, 2025
Cryptocurrencies
Bitcoin Set To Gain Over $300 Billion From Companies In Next 5 Years, Analysts Say
A growing number of public firms may begin purchasing Bitcoin in substantial quantities in the next five years, with more than $300 billion potentially entering the cryptocurrency by 2030. Related Reading: TRUMP Token Bloodbath: Whales Lose Big In $8.58 Million Sell-Off That’s what researchers...NewsBTC
May 6, 2025
Cryptocurrencies
Is Cardano’s ADA Moment Gone as Mutuum Finance (MUTM) Gets All the Attention from Whale Investors?
The price of ADA from the Cardano network failed to hold its initial rise in 2025 above $0.80 and currently trades at $0.68 due to declining demand. Investors who previously expected ADA to reach $1 prices now invest in MUTM due to the popularity of its whale-powered DeFi project which has received $7.6 million from […]Cryptopolitan
May 6, 2025
Other
Greenland should make own decisions free of interference, EU's Kallas says
BRUSSELS, May 6 (Reuters) - EU foreign policy chief Kaja Kallas said on Tuesday that the people of Greenland should be able to make their own choices "free from outside pressure or external interference".Kallas made her comments in the European Parliament in Strasbourg after multiple lawmake...Reuters
May 6, 2025
Other
Microsoft 365 Status Says Determined Issue Impacting Multiple Microsoft 365 Services And Features In The North America Region Is Now Mitigated
May 6 (Reuters) - Microsoft Corp MSFT.O:MICROSOFT 365 STATUS: DETERMINED ISSUE IMPACTING MULTIPLE MICROSOFT 365 SERVICES AND FEATURES IN THE NORTH AMERICA REGION IS NOW MITIGATED- X POSTSource: https://tinyurl.com/2ebjyv6eReuters
May 6, 2025
Other
Trump pick for Washington, DC, prosecutor won't get Senate vote before deadline, source says
Decision means Ed Martin could have to leave U.S. attorney post Nominee draws opposition over support for rioters, political advocacyWhite House calls nomination 'imperative' By Andrew Goudsward and Sarah N. Lynch WASHINGTON, May 6 (Reuters) - A U.S. Senate panel will not move forward wit...Reuters
May 6, 2025
Other
Soccer-Club Leon out of Club World Cup as CAS rejects appeal
May 6 (Reuters) - Mexico's Club Leon will not participate in this year's Club World Cup after losing their appeal on Tuesday having been removed from the tournament by FIFA due to an ownership rule breach.The Court of Arbitration for Sport (CAS) rejected the appeal by Leon who had qualified ...Reuters
May 6, 2025
Cryptocurrencies
Trump tariffs to remain for at least the next 3 years – Ford’s CEO
Jim Farley, CEO of Ford Motor Company, says he expects tariffs to stay in place for at least three years. The company also said that it expects to lose billions in this war. However, it has maintained a positive stance and keeps taking risks, like maintaining the price for its vehicles if not going lower. […]Cryptopolitan
May 6, 2025
Stocks
LIVE MARKETS-Tuesday’s 10-year Treasury auction in focus for foreign demand
Main US indexes red, but off lows; Nasdaq down ~0.6%Healthcare weakest S&P 500 sector; Utilities lead gainersEuro STOXX 600 index off ~0.2%Dollar down; bitcoin gains; gold up >1.5%; crude up >4%US 10-Year Treasury yield edges up to ~4.35%Welcome to the home for real-time coverage of market...Reuters
May 6, 2025
Commodities
US Cash Grains-Corn, soybean basis bids mostly steady-weaker
CHICAGO, May 6 (Reuters) - Spot basis bids for corn and soybeans fell at several processing plants in the U.S. Midwest on Tuesday while basis bids held mostly steady elsewhere, spot checks showed, as farmers focused on spring planting.* The corn basis fell by 6 cents a bushel at Decatur, Illinois, a...Reuters
May 6, 2025
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