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Baldwin: Commercial insurance landscape shows resilience amid rising costs in auto and umbrella lines
By Mia MacGregorMay 1 - (The Insurer) - The first quarter of 2025 demonstrated resilience in much of the commercial insurance landscape, although areas such as commercial auto and umbrella continue to show signs of loss cost pressure with pricing continuing its upward trend, according to a new state...Reuters
May 1, 2025
Other
Lilly Exec Says Tariffs Currently In Effect Do Not Materially Change 2025 Financial Outlook
May 1 (Reuters) - Eli Lilly and Co LLY.N:ELI LILLY EXEC SAYS ANNOUNCED TARIFFS CURRENTLY IN EFFECT DO NOT MATERIALLY CHANGE CO'S 2025 FINANCIAL OUTLOOK - CONF CALLLILLY EXEC SAYS EXPANSION OF TARIFFS IN OTHER GEOGRAPHIES OR INCREASES IN RETALIATORY TARIFFS WOULD HAVE A NEGATIVE EFFECT ON CO, IND...Reuters
May 1, 2025
Economic Indicator
Gloomy retail earnings show consumers are feeling the pinch of US tariffs
By Sruthi Shankar May 1 (Reuters) - Lackluster quarterly results from consumer-facing companies including McDonald's MCD.N and Harley-Davidson HOG.N are the latest sign that American shoppers are curbing spending amid shifting U.S. trade policies.McDonald's MCD.N posted a surprise decline...Reuters
May 1, 2025
Other
Cuba stages May Day rallies as tensions mount with US
By Alien Fernandez HAVANA, May 1 (Reuters) - Hundreds of thousands of Cubans gathered in Havana's Revolution Square for the traditional May Day march on Thursday, amid a grueling economic crisis and as tensions ratchet up with U.S. President Donald Trump's administration.Raul Castro, 93, ...Reuters
May 1, 2025
Other
GM cuts 2025 profit forecast, expects up to $5 billion tariff impact
GM expects $4-$5 billion tariff impact on profitsStrategies include increasing U.S. content and productionTariffs lead to increased vehicle sales before price hikesStellantis pulls guidance due to tariff impactBy Kalea Hall DETROIT, May 1 (Reuters) - General Motors GM.N cut its 2025 profit foreca...Reuters
May 1, 2025
Stocks
Should You Buy Palantir Stock Before May 5?
So far, 2025 has been a tough one for growth investors. After nearly two years of parabolic gains witnessed in the technology sector, the stock market has started to take a breather thanks to ongoing turbulence around President Donald Trump's new tariff policies.While traditional no-brainer artifici...The Motley Fool
May 1, 2025
Stocks
Firearms maker Sturm, Ruger tumbles after flat Q1 sales
** Shares of firearms maker Sturm, Ruger RGR.N down 10.9% at $36.21 on Thurs after qtrly results** RGR shares on course for biggest one-day pct drop since Nov 2, 2023, hit over two-month low** Southport, Connecticut-based firm late Weds posted Q1 sales of $135.7 mln vs $136.8 mln a year ago** Earnin...Reuters
May 1, 2025
Other
Tokio Marine HCC International names Hervy CEO
By Rebecca DelaneyMay 1 - (The Insurer) - Tokio Marine HCC International has appointed Thibaud Hervy as CEO and named Simon Button chief underwriting officer.Hervy most recently served as CUO, specialty lines.Button will take on additional responsibilities in his new role, having most recently serve...Reuters
May 1, 2025
Commodities
HF Sinclair refineries to operate at up to 93% of capacity in Q2 2025, company says
By Nicole JaoNEW YORK, May 1 (Reuters) - Independent U.S. refiner HF Sinclair DINO.N plans to operate its seven refineries at up to 93% of combined capacity of 678,000 barrels per day (bpd) in the second quarter of 2025, said Atanas Atanasov, chief financial officer, during a conference call on Thur...Reuters
May 1, 2025
Stocks
Berkshire Hathaway Will Update Shareholders With Major Information This Week. Here's What to Expect.
No matter what's happening in the markets, investors turn to Warren Buffett for advice. But when the stock market turns sour and investors get nervous, his advice can help people stay calm and focused on the long game.Buffett doesn't typically address what's happening in the microenvironment, even w...The Motley Fool
May 1, 2025
Stocks
Moderna says FDA has been constructive, but delays flu/COVID shot
Moderna's cost-cutting drives better-than-expected resultsCombination COVID and flu shot approval not expected until 2026Tariffs have minimal impact on Moderna's U.S.-manufactured drugsBy Patrick Wingrove and Michael Erman May 1 (Reuters) - Moderna MRNA.O on Thursday pushed back the time ...Reuters
May 1, 2025
Commodities
US Ex-Im votes to end policy restricting overseas coal project lending, observers say
WASHINGTON, May 1 (Reuters) - The board of the U.S. Export-Import Bank voted to reverse a two-decade long restriction on lending to coal projects overseas on Thursday, reflecting President Donald Trump's agenda that calls for more domestic coal mining and exports of U.S. coal.The vote comes less...Reuters
May 1, 2025
Other
Everest reports $70 million Q1 net aviation loss from DC crash
By Michael LoneyMay 1 - (The Insurer) - Everest Group has reported $70 million of net aviation insurance losses in the first quarter as a result of the American Airlines jet crash in January.Everest in its first quarter results reported attritional combined ratios of 90.2% for the group (up from 86....Reuters
May 1, 2025
Other
Hedge fund ExodusPoint gains 2.83% in turbulent April, source says
By Carolina MandlNEW YORK, May 1 (Reuters) - Hedge fund ExodusPoint posted a 2.83% gain in April, a turbulent month for markets as U.S. President Donald Trump unveiled the country's new trade policy, according to a source familiar with the matter. The multi-strategy hedge fund is up 6.4% in the...Reuters
May 1, 2025
Other
Howmet Aerospace CEO Says Boeing 737 Build Rates Are Being Raised To An Average Of 28 Per Month Compared To Prior Assumption Of 25 Per Month - Conf Call
May 1 (Reuters) - Boeing Co BA.N:HOWMET AEROSPACE CEO: BOEING 737 BUILD RATES ARE BEING RAISED TO AN AVERAGE OF 28 PER MONTH COMPARED TO PRIOR ASSUMPTION OF 25 PER MONTH - CONF CALLHOWMET AEROSPACE CEO: DELAYS TO RAMP OF BOEING 787 JETS CAUSED A LITTLE BIT OF PERTURBATION IN THE FIRST HALF OF THIS Y...Reuters
May 1, 2025
Stocks
Huntington Ingalls slumps after Q1 earnings fall
** U.S. military shipbuilder Huntington Ingalls HII.N shares down 3% to $224** Co reports fall in Q1 profit and revenue, weighed down in part by a continued slowdown at its facility that makes aircraft carriers for the Navy** HII posts per-share profit of $3.79, lower than $3.87 posted a year earlie...Reuters
May 1, 2025
Stocks
Caterpillar raised at Baird as negative catalysts now baked into expectations
Investing.com -- Baird upgraded Caterpillar (NYSE:CAT) to Neutral from Underperform on Thursday, raising its price target for the stock to $309 from $300 a share. The firm cited key bearish driverInvesting.com
May 1, 2025
Other
EXCLUSIVE-WHO to back use of weight-loss drugs for adults globally, raises cost issue
By Jennifer Rigby LONDON, May 1 (Reuters) - The World Health Organization plans to officially back the use of weight-loss drugs to treat obesity in adults for the first time, a memo reviewed by Reuters on Thursday showed, marking a shift in its approach to treating the global health problem.The U...Reuters
May 1, 2025
Stocks
LIVE MARKETS-Does "sell in May and go away" actually work?
U.S. equity indexes advance; Nasdaq leads, up >2%Tech leads S&P 500 sector gainers; Healthcare weakest groupEuro STOXX 600 index ~flatDollar jumps; crude up; bitcoin up >2%; gold down ~2%U.S. 10-Year Treasury yield edges up to ~4.20%Welcome to the home for real-time coverage of markets bro...Reuters
May 1, 2025
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