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BREAKINGVIEWS-Trump pours costly gasoline on US fiscal fire
By Gabriel RubinWASHINGTON, May 13 (Reuters Breakingviews) - National debt reached 100% of GDP for the first time in 80 years, as supply shocks ripple out of Iran. The White House also wants to boost military spending to $1.5 trln and grow the immigration policing budget. It only gets harder now to ...Reuters
7 minutes ago
Economic Indicator
POLL-BoE to hold rates at 3.75% this year, but growing minority expect a hike
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=GBBOEI%3DECI BoE poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=GBGDPQP economic poll dataBy Devayani Sathyan and Jonathan Cable BENGALURU/LONDON, May 13 (Reuters) - The Bank of England will hold b...Reuters
7 minutes ago
Economic Indicator
INSTANT VIEW-Hot April producer price number adds to inflation worries
NEW YORK, May 13 (Reuters) - U.S. producer prices increased more than expected in April, posting their biggest gain since early 2022, the latest indication that inflation was accelerating amid the war with Iran.The Producer Price Index for final demand surged 1.4% last month after an upwardly revis...Reuters
7 minutes ago
Market Movers
Marvell Technology Inc Stock (MRVL) Opened Up by 3.11% on May 13: What Signal Does It Send?
• Analysts raise Marvell price targets due to AI market growth. • AMD disclosed a stake in Marvell, signaling confidence in AI infrastructure. • Marvell's optical solutions are key to AI data center connectivity growth.
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8 minutes ago
Market Movers
Alibaba Group Holding Ltd Stock (BABA) Opened Down by 3.05% on May 13: Facts Behind the Movement
• Alibaba missed Q4 fiscal 2026 earnings and revenue expectations. • Aggressive investments in AI and cloud impacted profits and cash flow. • Macroeconomic challenges and insider selling add to investor concerns.
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8 minutes ago
Market Movers
Micron Technology Inc Stock (MU) Opened Up by 5.33% on May 13: What Investors Need To Know
• AI demand drives strong performance and pricing power. • Analysts reiterate "Buy" ratings and raise price targets. • Fitch upgraded Micron's Issuer Default Rating to 'BBB+'.TradingKey
8 minutes ago
Market Movers
Texas Instruments Inc Stock (TXN) Opened Up by 3.09% on May 13: A Full Analysis
• Texas Instruments exceeded Q1 expectations with strong revenue and EPS. • The company plans a second price increase effective July 1, 2026. • Positive analyst sentiment and AI demand support TXN's outlook.
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8 minutes ago
Market Movers
Coherent Corp Stock (COHR) Opened Up by 7.46% on May 13: What Investors Need To Know
• BofA Securities raised Coherent's price target, citing AI data center demand. • Coherent reported strong Q3 FY2026 results exceeding analyst expectations. • Strategic partnerships and capacity expansion support Coherent's AI role.
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8 minutes ago
Other
Democrats battle for open Omaha House seat as Republicans aim to hold majority
Powell, Cavanaugh lead competitive Democratic primaryRepublican Brinker Harding ran uncontestedHarding holds fundraising cash-on-hand advantage over DemocratsHouse majority at stake as parties battle over redistricting, key swing districtsBy Nolan D. McCaskillWASHINGTON, May 12 (Reuters) - A competi...Reuters
12 minutes ago
Stocks
Birkenstock warns of higher costs from tariffs, Middle East conflict
Middle East conflict delays shipments, causes 6 million euros EMEA segment hitCompany maintains annual sales and profit forecastsAsia-Pacific leads revenue growth, while Americas and EMEA see slower gainsBy Savyata MishraMay 13 (Reuters) - Birkenstock BIRK.N warned of rising cost pressures in the se...Reuters
13 minutes ago
Economic Indicator
United States Producer Price Index soars in April amid Iran war
The United States (US) Producer Price Index jumped to 6% on a yearly basis in April, following the 4.3% posted in March and largely surpassing the expected 4.9%. On a monthly basis, the PPI rose 1.4%, doubling the March reading of 0.7%, and much higher than the anticipated 0.5%.Fxstreet
13 minutes ago
Economic Indicator
INSTANT VIEW-Hot April producer price number adds to inflation worries
NEW YORK, May 13 (Reuters) - U.S. producer prices increased more than expected in April, posting their biggest gain since early 2022, the latest indication that inflation was accelerating amid the war with Iran.The Producer Price Index for final demand surged 1.4% last month after an upwardly revis...Reuters
14 minutes ago
Other
Tower Semi forecasts upbeat quarterly revenue, signs $1.3 billion in AI chip deals
May 13 (Reuters) - Tower Semiconductor TSEM.TA on Wednesday forecast second-quarter revenue above estimates and said it landed $1.3 billion in deals for 2027 to supply chips that use light to move data at high speeds through artificial intelligence data centers.Strong demand for its analog and mixed...Reuters
14 minutes ago
Other
Tennis-Sublime Swiatek sweeps past Pegula into Italian Open semis
ROME, May 13 (Reuters) - Three-times Italian Open champion Iga Swiatek was at her ruthless best as she dismantled American fifth seed Jessica Pegula 6-1 6-2 to reach the semi-finals of the WTA 1000 clay-court tournament on Wednesday.The Polish fourth seed, a six-time Grand Slam champion, picked up e...Reuters
15 minutes ago
Other
MCAP's Q1 EBITDA rises year-over-year
OverviewUS financial technology market maker's Q1 revenue was $30.2 mlnQ1 EBITDA rose 48% yr/yrCompany continues investing in software, customer relationships, and business diversificationOutlookMCAP did not provide specific guidance for the current or future periods in the press release.Result ...Reuters
18 minutes ago
Stocks
AI cloud firm Nebius reports near eightfold revenue surge, shares jump
May 13 (Reuters) - Nebius Group NBIS.O reported a nearly eightfold rise in quarterly revenue on Wednesday, benefiting from increasing demand for artificial intelligence infrastructure and cloud services, sending its shares up 14% in early trading. The Amsterdam-based neocloud company is racing t...Reuters
18 minutes ago
Commodities
Oil little changed as Trump heads to China
Oil prices remain above $100 per barrelInvestors await Trump-Xi meeting in BeijingUS inflation posts largest gain in three yearsBy Stephanie Kelly LONDON, May 13 (Reuters) - Oil prices were little changed on Wednesday as investors monitored a fragile Middle East ceasefire and awaited a high-stake...Reuters
19 minutes ago
Other
Deals of the day-Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: Czech defense group CSG has offered to buy a stake in Franco-German tank maker KNDS from its German owner families, a source familiar with the situation told Reuters.nL8N41Q1O8 Ital...Reuters
19 minutes ago
Other
Reform UK talking to UK watchdog over $7 million gift to leader Farage
Reform leader originally failed to declare donationStandards probe could trigger recall voteFunding row intensifies scrutiny over Reform donations LONDON, May 13 (Reuters) - Britain's anti-immigrant party Reform UK said on Wednesday it was talking to the parliamentary watchdog, following ...Reuters
20 minutes ago
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Market Movers
Marvell Technology Inc Stock (MRVL) Opened Up by 3.11% on May 13: What Signal Does It Send?
8 minutes ago
MRVL
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Alibaba Group Holding Ltd Stock (BABA) Opened Down by 3.05% on May 13: Facts Behind the Movement
8 minutes ago
BABA
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