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May 5 (Reuters) – Global ratings agency Fitch on Tuesday upgraded Argentina’s long-term foreign currency and local currency issuer default rating to “B-” from “CCC+”, with a stable outlook. • Fitch cited “improved fiscal and external balances, progress on economic reforms, improved prospects for FX reserve accumulation” and its expectation that its government will secure financing to cover its debt obligations. • It noted that vulnerabilities persist due to weak […]

By Christian Martinez WASHINGTON, May 5 (Reuters) – Former U.S. Senator Sherrod Brown was projected to win the Ohio Democratic primary election on Tuesday, in his bid to win back the seat he held until his 2024 reelection defeat, according to the Associated Press and NBC News. (Reporting by Christian Martinez) Brought to you by www.srnnews.com

By Helen Clark MELBOURNE, May 6 (Reuters) – U.S. oil futures fell on Wednesday morning by over $2 after U.S. President Donald Trump said an operation to reopen the Strait of Hormuz will be paused for a short period to see whether an agreement can be finalised and signed. U.S West Texas Intermediate was down $2.23, or 2.18%, to $100.04 per barrel as of 2326 GMT. Trump said on Tuesday […]

The Trump administration sued Denver and its police department on Tuesday seeking to strike down an assault weapons ban that’s been in place for Colorado’s largest city since 1989. The lawsuit came a day after city officials publicly rejected calls by the Department of Justice to repeal the longstanding local ordinance that makes it a crime to possess assault weapons. Trump’s Republican administration alleges the ban violates the Constitution’s Second […]

WASHINGTON (AP) — The Food and Drug Administration on Tuesday announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift that comes after months of appeals to President Donald Trump from the vaping industry. The decision is certain to be opposed by health groups and parent organizations that have long pointed to flavors as the driver behind underage vaping in the U.S. But the […]

The Texas Rangers placed second baseman Josh Smith on the 10-day injured list Tuesday with a right glute strain. As a corresponding move, the Rangers recalled infielder Justin Foscue from Triple-A Round Rock. Smith, 28, is hitting .217 with six RBIs in 31 games this season. He’s played 29 games at second base and two as a designated hitter this season after splitting time across the infield and outfield in […]

The Chicago White Sox acquired journeyman right-hander Trevor Richards from the Philadelphia Phillies in exchange for cash considerations on Tuesday. The White Sox transferred right-hander Drew Thorpe to the 60-day injured list to open up a 40-man roster spot for Richards. Richards, 32, had a 2.08 ERA in 4 1/3 innings over two relief appearances with the Phillies this season. He also was 1-0 with a 1.93 ERA over nine […]

By Juby Babu May 5 (Reuters) – Super Micro Computer forecast fourth-quarter revenue and adjusted profit above Wall Street estimates on Tuesday, banking on robust demand for its artificial intelligence servers, sending its shares up 18% in extended trading. The projections will likely reassure investors following the U.S. Justice Department in March charging three people linked to the company for helping smuggle billions of dollars of AI chips to China. […]

May 5 – Engineering services provider Jacobs Solutions on Tuesday lifted its forecast for annual profit, banking on strong demand for its data center infrastructure services. The rush to build data centers to run artificial intelligence technologies is benefiting firms such as Jacobs that provide planning, engineering and construction-management services. • The Dallas, Texas-based company now expects 2026 adjusted per share profit between $7.10 and $7.35, the midpoint of which […]