Stocks rally even as markets find renewed interest
Even as the top digital asset dips below $104K, crypto-linked equities—including Coinbase, Robinhood, and major miners—are flashing green.
Trump calls on Fed to cut rates, saying prices of 'practically everything' are down
President Donald Trump on Tuesday repeated his call for the Federal Reserve to lower interest rates, saying prices for gas, groceries and "practically everything else" are down.
Daimler cuts full-year operating profit forecast
Daimler Truck, one of the world's biggest truckmakers, cut its operating profit forecast for 2025 on Tuesday, citing heightened demand uncertainty. The company is now forecasting adjusted earnings before interest and taxes (EBIT) growth of -5% to 5%, compared with 5% to 15% growth expected previously. U.S. President Donald Trump's trade war has pummeled markets in recent weeks and even beforehand, a Reuters analysis showed that about 40 companies worldwide had pulled or lowered their guidance in the first two weeks of the first-quarter earnings season, including General Motors and Volvo Cars.
Veteran portfolio manager buys several stocks after US-China trade deal
The veteran portfolio manager expects 'fits and starts' in the stock market.
Why Shopify Stock Is Up Today
The White House is slashing the tariff on low-value goods, which should help Shopify's core customers. Shares of Shopify (NASDAQ: SHOP) traded up 4% as of 1 p.m. ET on hopes that trade policies are shifting back toward its favor. Shopify provides a platform for e-commerce businesses of all sizes, but small businesses drive a lot of its volumes.
2026 Social Security COLA estimated at 2.4% after latest inflation report
Social Security's cost-of-living adjustment for 2026 could be 2.4%, up from last month's forecast for 2.2%, according to an independent analyst.
Hedge funds gain little from rally sparked by US-China trade deal
NEW YORK (Reuters) -Global hedge funds reaped limited gains from a big Wall Street stock rally triggered by a U.S.-China agreement on tariffs on Monday, a Morgan Stanley note on Tuesday showed. Hedge funds rose 0.60% on average on Monday, underperforming the S&P 500 index, which advanced 3.23% and closed at its highest level since March 26. Morgan Stanley said global portfolios are less invested in the United States than in the last two years, as hedge funds and other investors shifted funds to other regions after U.S. President Donald Trump started a global trade war that shocked financial markets.
Why Coinbase (COIN) Stock Is Up Today
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 22.9% in the afternoon session after the S&P Dow Jones Indices announced that the company would join the S&P 500 Index before the start of trading on Monday, May 19, 2025. The S&P 500 is a widely followed index that tracks the performance of the 500 largest companies in the United States.
China pulp market could be challenging in face of US tariffs, Copec says
(Reuters) -Chilean industrial conglomerate Empresas Copec said on Tuesday that the Chinese market for its forestry products could become more challenging if paper makers struggle to boost sales amid uncertainty over U.S. tariff policies. "Most of our customers that export, especially to the U.S., really don't know what the price of their goods is going to be," said Cristian Infante, who heads Copec's forestry arm Arauco, in a presentation. Arauco, which sells pulp and wooden panels worldwide, contributes the bulk of Copec's earnings, but saw its core earnings dip over 22% in the first three months of 2025 as pulp prices fell and it shipped smaller volumes.
Indian govt asks to monitor transactions in the wake of terrorist attack
The Indian government has asked crypto exchanges to report trades by individuals in border areas following the Pahalgam attack.