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Coinbase says it strongly believes US SEC investigation should not continue
Published: May 15, 2025 18:02
Coinbase said on Thursday it strongly believes a regulatory investigation by the U.S. securities regulator into its disclosures of monthly transacting users should not continue.
US Virgin Islands ship registry plan will strengthen US shipping, governor says
Published: May 15, 2025 17:34
A proposal to create a new international U.S. ship registry domiciled in the U.S. Virgin Islands aligns with President Donald Trump's efforts to strengthen the country's maritime industry and has support from the territory, its governor said.
Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures
Published: May 15, 2025 16:59
U.S. oil producer Chevron Corp and several European companies are in talks with the Trump administration to obtain authorizations to keep their stakes in joint ventures with Venezuela's state-run PDVSA, three sources close to the matter said.
French finance minister criticises Sanofi's $20 bln USA investment decision
Published: May 15, 2025 16:55
France's finance minister criticised on Thursday a decision by French drugmaker Sanofi to invest at least $20 billion in the United States through to 2030, as France aims to get more companies investing in the country rather than abroad.
UAE set to deepen AI links with the United States after past curbs over China
Published: May 15, 2025 16:54
The United Arab Emirates is expected to secure a deal giving it expanded access to advanced artificial intelligence chips from the United States, after previously facing restrictions over Washington's concerns that China could get its hands on the…
US FTC chair seeks to trim agency by around 10%
Published: May 15, 2025 16:50
The U.S. Federal Trade Commission is looking to trim its headcount by around 10%, its chairman told Congress on Thursday, insisting the agency will be able to continue antitrust and consumer protection work with what would be its smallest staff in 10…
Thoma Bravo divests all its stake in exchange operator Nasdaq, source says
Published: May 15, 2025 16:47
Private equity firm Thoma Bravo has sold its remaining stake in Nasdaq for approximately $3.4 billion in two separate transactions, a source familiar with the matter told Reuters on Thursday.
Jana Partners liquidated position in Wolfspeed in Q1, filing
Published: May 15, 2025 16:09
Activist investor Jana Partners, which last year pushed Wolfspeed to consider a sale to boost its share price, has exited its entire position in the silicone carbide wafer maker, according to a regulatory filing made on Thursday.
Coreweave signs new $4 bln deal with OpenAI, filing shows
https://www.reuters.com/business/coreweave-signs-new-4-bln-deal-with-openai-filing-shows-2025-05-15/
Published: May 15, 2025 15:14
Nvidia-backed AI company Coreweave has signed an additional agreement with OpenAI under which the ChatGPT maker has committed to pay Coreweave up to $4 billion through April 2029, a regulatory filing showed on Thursday.
BlackRock wins 67% support for pay as CEO Fink assures on global economy
Published: May 15, 2025 12:45
Top asset manager BlackRock said on Thursday that 67% of votes cast at its annual meeting were in support of its executive pay, a modest gain over last year, as CEO Larry Fink offered assurances about the state of the global economy and defended the…
US reports lackluster retail sales as tariffs start to dampen demand
https://www.reuters.com/world/us/us-retail-sales-barely-rise-april-2025-05-15/
Published: May 15, 2025 12:38
U.S. retail sales growth slowed sharply in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and consumers pulled back on spending elsewhere against the backdrop of an uncertain economic outlook.
CoreWeave shares rise on $4 billion cloud deal with OpenAI
Published: May 15, 2025 11:21
CoreWeave reversed course to gain around 3% on Thursday after the AI cloud firm announced an expanded deal with OpenAI of up to $4 billion, lifting investor sentiment that had taken a hit from the company's hefty capital spending plans.
Walmart warns of higher prices as Trump tariffs start to bite
Published: May 15, 2025 11:08
Walmart , the world's largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives said on Thursday, in a clear signal that U.S. President Donald Trump's trade war is filtering through to the American…
Exclusive: Musk took leased cars back so Tesla could use them as "robotaxis." Instead, Tesla sold them
Published: May 15, 2025 11:02
Tesla last November ended an unusual policy that prohibited U.S. leasing customers from buying their cars at lease-end.
UnitedHealth tumbles as criminal probe report adds to investor fears
Published: May 15, 2025 10:18
UnitedHealth Group shares plunged nearly 13% on Thursday after a Wall Street Journal report that the U.S. Department of Justice had begun a criminal investigation into the company for potential Medicare fraud.
Deere beats second-quarter estimates on cost cuts, trims annual profit forecast
Published: May 15, 2025 10:15
Deere & Co cut the lower end of its annual profit forecast on Thursday but beat Wall Street expectations for second-quarter results due to cost-saving measures and inventory management, sending its shares up 5% in early trading.
Dick's Sporting to buy Foot Locker for $2.4 billion to fight soft demand
Published: May 15, 2025 10:08
Dick's Sporting Goods has agreed to acquire smaller rival Foot Locker for $2.4 billion, the second major footwear deal this month after the buyout of Skechers, as the retailers navigate choppy demand and global trade uncertainties.
S&P 500 struggles for direction as trade truce rally fades, UnitedHealth tumbles
Published: May 15, 2025 09:59
The S&P 500 teetered between gains and losses in a choppy session on Thursday as elation from the U.S.-China tariff truce tapered off, with UnitedHealth among the biggest losers after a report said the DoJ was investigating the insurer for fraud.
Alibaba misses revenue estimates as it fights for China e-commerce market dominance
https://www.reuters.com/technology/alibaba-misses-quarterly-revenue-estimates-2025-05-15/
Published: May 15, 2025 09:43
Alibaba posted quarterly revenue that missed analysts' estimates on Thursday, as the e-commerce group works on new strategies to keep consumers spending amid persistent economic weakness in China and uncertainty over the impact of tariffs.
US set to cut capital requirements for banks, FT reports
Published: May 15, 2025 04:15
U.S. authorities are preparing to announce one of the biggest cuts in capital requirements for banks in more than a decade, the Financial Times reported on Thursday.
Policy uncertainty fuels rise in U.S. government debt hedging
Published: May 9, 2025 18:42
The cost of insuring exposure to U.S. government debt has climbed noticeably over the past month and remains stubbornly high, as jittery investors brace for a looming U.S. borrowing-limit political debate as well as overall policy uncertainty.
Trump won't unilaterally lower China tariffs, White House says
Published: May 9, 2025 17:42
President Donald Trump remains firm that the United States is not going to unilaterally reduce tariffs on Chinese goods without concessions from China, the White House said on Friday, hours after Trump floated the idea of reducing the current rate of 145%…
US consumer watchdog to scrap scores of financial oversight policies issued since 2011
Published: May 9, 2025 17:36
The U.S. Consumer Financial Protection Bureau issued a list on Friday of nearly 70 policy and regulatory guidance documents stretching back more than a decade that the agency plans to rescind.
US oil and gas rig count falls to lowest since January, Baker Hughes says
Published: May 9, 2025 17:16
U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday.
Sony Pictures extends Rothman's contract as CEO of its motion picture group
Published: May 9, 2025 17:14
Sony Pictures said on Friday it had entered into a multi-year contract extension with its motion picture group's chairman and CEO, Tom Rothman.
FedEx board member tapped to lead U.S. Postal Service
Published: May 9, 2025 16:53
The U.S. Postal Service Board on Friday said it named David Steiner, a FedEx board member and former CEO of Waste Management, as the new postmaster general after the White House pressured the prior leader to resign in March.
Shell faces delays on two wells at offshore Perdido development in US Gulf
Published: May 9, 2025 16:40
Shell , the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March.
Fed officials, citing uncertainty, reiterate patient policy stance
Published: May 9, 2025 16:35
The first wave of Federal Reserve officials to weigh in after this week's policy meeting reiterated on Friday that the current economic uncertainty calls for monetary policy patience as Trump administration trade policy boosts risks to the outlook.
Anthropic says DOJ proposal in Google search case could chill AI investment
Published: May 9, 2025 16:31
The U.S. Department of Justice's proposals to increase competition against Alphabet's Google in online search could chill artificial intelligence investments, AI startup and Google partner Anthropic said on Friday.
Fed's independent structure has proved its worth, Waller says
Published: May 9, 2025 15:32
The structure of the Federal Reserve's Board of Governors, with members who cannot be fired over policy disputes and serve for periods staggered across presidential terms, has "stood the test of time" and should be preserved, Fed Governor Christopher…
Google settles Black employees' racial bias lawsuit for $50 million
Published: May 9, 2025 15:31
Google agreed to pay $50 million to settle a lawsuit accusing the search engine company of systemic racial bias against Black employees.
US Postal Service reports $3.3 billion quarterly net loss
Published: May 9, 2025 14:45
The U.S. Postal Service on Friday reported a net loss of $3.3 billion for the three months ending March 31 as the money-losing agency continues to hike stamp prices and look at ways to cut costs.
US senator introduces bill calling for location-tracking on AI chips to limit China access
Published: May 9, 2025 14:35
A U.S. senator introduced a bill on Friday that would direct the Commerce Department to require location verification mechanisms for export-controlled AI chips, in an effort to curb China's access to advanced semiconductor technology.
Air Canada bookings to US decline by 'low teens' on trade tensions, CEO says
Published: May 9, 2025 12:56
Air Canada is seeing a "low teens" percentage decline in bookings over the next six months for trips across the U.S. border amid trade tensions and a weaker Canadian dollar, the airline's CEO said on Friday.
Activist investor Engine Capital ends campaign at Lyft, withdraws board nominees
Published: May 9, 2025 12:45
Engine Capital said on Friday it would end its activist campaign at Lyft and withdraw its board nominees after the ride-hailing platform boosted its stock buyback program.
NY Fed's Perli says regular morning Standing Repo Facility operations coming
Published: May 9, 2025 12:37
An official responsible for implementing Federal Reserve monetary policy said on Friday markets navigated last month’s heavy market stress well, as the central bank moves toward enhancing a key liquidity tool.
J&J's skin disease drug meets main goal in late-stage study
Published: May 9, 2025 12:14
Johnson & Johnson said on Friday its experimental psoriasis drug helped patients achieve clear or almost clear skin in a late-stage study.
Ahead of key China talks, Trump says 80% tariff 'seems right'
Published: May 9, 2025 11:39
Trump made his first suggestion of a specific alternative to the 145% levies he has imposed.
Investors pull money out of US equity funds for a fourth straight week
Published: May 9, 2025 11:25
U.S. equity funds saw outflows for a fourth straight week through May 7, driven by uncertainties around trade tariffs and as investors awaited U.S.-China trade talks for more clues.
Morning Bid: Tariff rollback hopes rising
https://www.reuters.com/markets/us/global-markets-view-usa-2025-05-09/
Published: May 9, 2025 10:56
What matters in U.S. and global markets today
Pinterest shares surge as strong ad spend defies tariff uncertainty
Published: May 9, 2025 10:49
Pinterest shares jumped over 12% in premarket trading on Friday, after a strong quarterly revenue forecast allayed investor jitters about the uncertainty of advertising spending on its platform amid global economic volatility.
Fed's Kugler says US labor market stable, close to maximum employment
Published: May 9, 2025 10:48
Federal Reserve Governor Adriana Kugler on Friday said the U.S. labor market is stable and, based on the current unemployment rate of 4.2% and a range of other measures, is most likely close to the central bank's goal of maximum employment.
SNAPSHOT Wall St opens higher ahead of US-China weekend meet
Published: May 9, 2025 10:35
Wall Street's main indexes opened higher on Friday as investors assessed fresh remarks from President Donald Trump regarding U.S. tariffs on China ahead of a key weekend meeting between the two countries.
Delta, Korean Air to buy 25% stake in Canada's WestJet
https://www.reuters.com/world/americas/delta-korean-air-buy-25-stake-canadas-westjet-2025-05-09/
Published: May 9, 2025 10:20
Delta Air Lines and Korean Air Lines will acquire an aggregate 25% stake in Canada's WestJet Airlines for $550 million from private equity firm Onex Corp , the U.S. carrier said on Friday.
In Trump's circle, some expect high tariffs even after trade deals
Published: May 9, 2025 10:09
To hear Donald Trump and some of his advisers tell it, trade tariffs will accomplish many things: stimulate the U.S. economy, bring home manufacturing jobs, raise tax revenues and provide America leverage to renegotiate security deals with its allies. Many…
Trade hopes feed risk appetite, boosting stocks and bitcoin
https://www.reuters.com/markets/global-markets-repeat-wrapup-3-2025-05-09/
Published: May 9, 2025 09:52
World stocks hovered near their highest levels in six weeks on Friday after a U.S. trade deal with Britain fueled guarded optimism for progress in tariff talks with other countries.
US-UK deal 'good news' but tariffs still higher, Bank of England governor says
Published: May 9, 2025 09:24
Bank of England Governor Andrew Bailey said the trade deal concluded between the United States and Britain was a good thing but still left tariffs on most British goods exports to the U.S. higher than they were before last month.
As trade talks begin, Chinese exporters prepare to get goods moving to US again
Published: May 9, 2025 06:56
China-based shipping agents have resumed buying container space.
Nippon Steel expects profit to drop 43% this year, US Steel decision by early June
Published: May 9, 2025 06:44
Nippon Steel expects net profit to slide 43% in the fiscal year ending March 2026, it said on Friday, citing a weak global steel market pressured by China's exports and the impact of new U.S. tariffs.
Inside China's decision to come to the table on Trump tariffs
https://www.reuters.com/world/inside-chinas-decision-come-table-trump-tariffs-2025-05-09/
Published: May 9, 2025 06:35
Behind closed doors, Chinese officials have grown increasingly alarmed about tariffs' impact on the economy and the risk of isolation.
Exclusive: Nvidia modifies H20 chip for China to overcome US export controls
Published: May 9, 2025 04:04
Nvidia plans to release a downgraded version of its H20 artificial intelligence chip for China in the next two months, following U.S. export restrictions on the original model, three sources familiar with the matter told Reuters.
Nissan abandons plan for $1.1 billion EV battery plant in southern Japan
Published: May 9, 2025 00:06
Nissan Motor said on Friday it would abandon a plan to build a $1.1 billion factory for electric vehicle batteries on Japan's southwestern island of Kyushu, marking the latest change of plans for the troubled automaker.
The art of the possible: Britain settles for quick win in US trade deal
https://www.reuters.com/world/uk/art-possible-britain-settles-quick-win-in-us-trade-deal-2025-05-08/
Published: May 8, 2025 18:57
Britain spent months buttering up Donald Trump, keeping calm in the face of the U.S. president's tariff-led assault on global trade, before deciding late on Wednesday to drop its demands for a comprehensive deal and take a quick but limited win instead.