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METALS-Copper extends gains on hopes for truce in trade war
By Eric Onstad LONDON, May 2 (Reuters) - Copper prices moved higher on Friday on signs that the U.S. and China were moving closer to a solution to their fractious trade war.Three-month copper on the London Metal Exchange CMCU3 gained 2% to $9,387 per metric ton by 1610 GMT after rising by nearly ...Reuters
May 2, 2025
Stocks
Why Lockheed Martin Stock Popped, Then Dropped Today
Lockheed Martin (NYSE: LMT) is riding the market roller coaster on Friday.In early trading, shares of the defense giant jumped nearly 3% on a Wells Fargo report calling the new fiscal year 2026 defense budget a "big win for defense stocks."Where to invest $1,000 right now? Our analyst team just reve...The Motley Fool
May 2, 2025
Commodities
White House seeks to cut TSA funding and boost air, rail safety
WASHINGTON, May 2 (Reuters) - The White House said Friday it wants to cut funding for the Transportation Security Administration by $247 million, while boosting spending on rail and air safety. The 2026 budget proposal seeks another $360 million for the FAA to support air traffic controller hiring a...Reuters
May 2, 2025
Stocks
Uber rises after announcing robotaxi deployment deal with Momenta
** Shares of Uber UBER.N rise 4.1% to $84.17 ** Announces partnership with autonomous driving technology company Momenta for robotaxi deployment** Momenta to introduce autonomous vehicles to the Uber platform in international markets outside the U.S. and China** First deployment will start in Europe...Reuters
May 2, 2025
Economic Indicator
Tesla's new car sales in Italy rise in April but still down 4% year to date
MILAN, May 2 (Reuters) - Tesla's TSLA.O new car registrations in Italy were up in April for a second month in a row but were still down an overall 4% in the first four months of the year, data from the Transport Ministry showed on Friday.New registrations of Tesla vehicles grew 29% in April from...Reuters
May 2, 2025
Commodities
EU wheat falls for fourth week on export gloom
PARIS/HAMBURG, May 2 - European wheat fell for a fourth consecutive week despite a technical rise on Friday, knocked by a strong euro against the dollar hampering export prospects on world markets. Benchmark September milling wheat BL2U5 on Paris-based Euronext, was up 0.7% at 207.75 euros a metric ...Reuters
May 2, 2025
Other
Motor racing-Formula One extends Miami GP contract to 2041
MIAMI, May 2 (Reuters) - Miami will stay on the Formula One calendar until 2041 in a 10-year extension that makes the race the longest contracted round of the world championship, the sport announced on Friday.The Miami Grand Prix is the first of three rounds in the United States and takes place this...Reuters
May 2, 2025
Stocks
Motorola slides as quarterly forecast disappoints
** Shares of telecommunication equipment company Motorola Solutions MSI.N fall 6.6% to $410.17** Late on Thursday, company forecast Q2 adj. profit per share to be between $3.32 and $3.37; analysts were expecting Q2 adj. profit of $3.47 per share, according to data compiled by LSEG** Company expects ...Reuters
May 2, 2025
Stocks
Adaptive Biotechnologies rises after quarterly sales beat
** Medical device maker Adaptive Biotechnologies Corp's ADPT.O shares rise as much as 34.5% to over a year high of $9.9** Stock is set for its best day since its IPO in 2019, if gains hold** Late on Thursday, ADPT posted 25% rise in Q1 revenue to $52.44 million, beating analysts' estimates o...Reuters
May 2, 2025
Other
Corpay in talks over potential takeover of UK’s Alpha Group
May 2 (Reuters) - Business payments firm Corpay Inc CPAY.N on Friday said it was in talks with Alpha Group International ALPH.L about a possible cash offer for the UK-based financial services provider. Corpay is required to announce a firm offer for Alpha or walk away by May 30.Reuters
May 2, 2025
Stocks
Why CoreWeave Stock Rose 11% in April
Shares of CoreWeave (NASDAQ: CRWV) had a volatile April along with much of the stock market, but the recent IPO ended up with positive gains after a lackluster debut at the end of March.There wasn't much news out on CoreWeave in April, as investors await its first earnings report as a public company...The Motley Fool
May 2, 2025
Stocks
FuboTV Stock Is Crashing Today. Here's Why.
The case for holding a stake in streaming television company FuboTV (NYSE: FUBO) continues to deteriorate. Shares are down to the tune of 11.3% as of 11:40 a.m. ET following this morning's release of the company's fiscal first-quarter results, which -- at best -- sent a mixed message regarding the c...The Motley Fool
May 2, 2025
Other
Shein drops UK communications firms as Trump tariffs throw London IPO off course
By Helen Reid LONDON, May 2 (Reuters) - Online fast-fashion retailer Shein has dropped Brunswick and FGS, two communications firms that were supporting its push for a London initial public offering (IPO), a source familiar with the matter confirmed on Friday, in the latest sign the flotation is n...Reuters
May 2, 2025
Other
Iran-backed Yemeni Houthis launch two missiles towards Israel
May 2 (Reuters) - Israel intercepted a second missile fired from Yemen on Friday, its military said, as the U.S. intensifies its strikes in Yemen against the Iran-backed Houthi group.The militant group claimed responsibility for firing two missiles thousands of kilometres north targeting Israel'...Reuters
May 2, 2025
Other
Prince Harry says it is 'impossible' for him to bring family to Britain safely
LONDON, May 2 (Reuters) - Prince Harry said it is "impossible for me to take my family back to the UK safely" on Friday after he lost his legal challenge to the British government changing his security arrangements after he stepped down from royal duties.Harry, King Charles' younger son,...Reuters
May 2, 2025
Stocks
US STOCKS-Wall Street climbs on strong jobs data, tariff optimism
Indexes up: Dow 0.87%, S&P 500 1.07%, Nasdaq 1.24%April nonfarm payrolls beat estimates Apple slips as tariff costs weigh By Sruthi Shankar and Purvi Agarwal May 2 (Reuters) - U.S. stock indexes rose on Friday, putting the S&P 500 on track for its longest winning streak in over 20 years,...Reuters
May 2, 2025
Stocks
X4 Pharmaceuticals Inc reports results for the quarter ended March 31 - Earnings Summary
X4 Pharmaceuticals Inc XFOR.OQ reported quarterly adjusted earnings of 4 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $-7.80. The mean expectation of six analysts for the quarter was for a loss of $4.44 per share. Wall St...Reuters
May 2, 2025
Commodities
GRAINS-Soy futures rise amid hopes for easing US-China trade tensions
Beijing evaluates US offer to hold trade talksTechnical buying helps support CBOT soy futuresTraders await US corn, soy planting update MondayBy Tom Polansek CHICAGO, May 2 (Reuters) - Chicago Board of Trade soybean futures advanced on Friday amid hopes for a thaw in U.S. President Donald Trump&#...Reuters
May 2, 2025
Other
Unilever to invest $1.5 billion in Mexico, including new factory
By Ana Isabel MartinezMEXICO CITY, May 2 (Reuters) - Consumer goods company Unilever ULVR.L said on Friday that it will invest $30 billion pesos ($1.5 billion) in Mexico between 2025 and 2028 to increase its production capacity. The investment, which was announced at Mexican President Claudia Sheinb...Reuters
May 2, 2025
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