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FedEx-Led $9 Billion Buyout Offer Window For Polish Parcel Firm InPost Opens May-End

FedEx-led consortium launches InPost buyout offer from May 26 to July 27 in proposed €7.8 billion ($9 billion) deal. Importance Rank:  1 read more

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German business activity falls for a second consecutive month amid rising cost pressures

Manufacturing PMI 49.9 vs 51.0 expected Prior 51.4 Services PMI 47.8 vs 47.0 expected Prior 46.9 Composite PMI 48.6 vs 48.4 expected Prior 48.4 After the dismal French numbers earlier, this is arguably some little bit of comfort for investors despite German economic activity showing a contraction for a second month running. The Middle East…

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French economic activity falls markedly in May, steepest decline in five-and-a-half years

Services PMI 42.9 vs 46.6 expected Prior 46.5 Manufacturing PMI 48.9 vs 52.2 expected Prior 52.8 Composite PMI 43.5 vs 47.7 expected Prior 47.6 Welp, there goes the floor. The pain is starting to hit now as the fallout from the Middle East conflict intensifies. The headline services print and the composite print are the…

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Eurozone May flash services PMI 46.4 vs 47.7 expected

Prior 47.6 Manufacturing PMI 51.4 vs 51.8 expected Prior 52.2 Composite PMI 47.5 vs 48.8 expected Prior 48.6 More to come.. This article was written by Justin…

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Jim Cramer Says Towns Should Demand ‘Strict Adherence’ From Big Tech Building Data Centers

Jim Cramer urges towns to demand 'strict adherence' to pollution rules and extract value from neo-cloud hyperscaler data centers. Importance Rank:  1 read more

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A steadier mood as we get into European trading, still no US-Iran breakthrough yet

It's still early in the day and even if we are seeing risk trades keep steadier, the overall market mood is more tepid at best. Major indices in Europe are starting the day with just minor losses while S&P 500 futures are seen up 0.2%. It's not hinting at much though, especially with bond markets…

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Michael Burry Fears Crypto-Based Stocks Will Add To An Era Of No ‘Long-Term Personal Relationships’ In A Cyber-Punk Future

"The Big Short" fame investor Michael Burry warned on Tuesday, May 19, about the dystopian implications of tokenizing traditional stocks on blockchain. Importance Rank:  1 read more

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Microsoft-Owned GitHub Faces Security Scare After Hackers Claim Access To Internal Systems, Threaten Public Leak Of Stolen Repositories

GitHub is investigating a suspected breach after TeamPCP claimed theft of thousands of internal repositories. Importance Rank:  1 read more

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Ryanair CEO Michael O’Leary Warns If Strait Of Hormuz Remains Closed Until September Or October, More Spirit Airlines-Like Bankruptcies Could Follow

Ryanair CEO warns weaker European airlines could face bankruptcy due to high oil prices and political tensions. Importance Rank:  1 read more

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Republican lawmakers call for permanent CBDC ban as House vote approaches

Tom Emmer, the House majority whip, is also advocating for his Anti-CBDC Surveillance State Act, which has passed the House but has yet to pass the Senate.

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