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Mosaic misses profit estimates on weak US phosphate demand
Feb 24 (Reuters) - Mosaic MOS.N missed Wall Street expectations for fourth-quarter profit on Tuesday, hurt by a steep drop in U.S. phosphate demand that weighed on sales volumes. Shares fell more than 2% in extended trading.The Tampa, Florida-based fertilizer producer warned in January that an unusu...Reuters
15 minutes ago
Oil prices ease as Iran says prepared to take steps to reach deal with US
Iran ready for nuclear talks with US, impacting oil pricesUS-Iran tensions add $3-$4 risk premium to oil pricesUS imposes new tariffs, affecting global oil trade dynamicsAPI data shows U.S. crude stocks rose last weekBy Scott DiSavino and Siddharth Cavale NEW YORK, Feb 24 (Reuters) - Oil prices c...Reuters
38 minutes ago
South Korea approves first petrochemical restructuring deal as supply glut weighs
SEOUL, Feb 25 (Reuters) - South Korea's industry ministry said on Wednesday it has approved the country's first petrochemical industry restructuring project, offering a support package worth more than 2 trillion won ($1.39 billion) to help companies weather a prolonged sector downturn. The m...Reuters
45 minutes ago
EOG Resources beats profit estimates on strong output, higher gas prices
Feb 24 (Reuters) - EOG Resources EOG.N beat estimates for fourth-quarter profit on Tuesday, as higher output and elevated natgas prices offset the impact of a drop in crude prices.U.S. natural gas futures NGc1 rose over 11% sequentially in the fourth quarter, driven by stronger demand and increased ...Reuters
an hour ago
Fun or felony? New York police investigate snowball fight after officers got pelted
By Jonathan Allen and Maria Tsvetkova NEW YORK, Feb 24 (Reuters) - The New York Police Department is investigating a boisterous snowball fight in a Manhattan park after several officers were hit in the face, dividing the mayor and other city leaders on Tuesday over whether the throwers should be ...Reuters
an hour ago
Axon Enterprise beats fourth-quarter profit estimates, shares rise
Feb 24 (Reuters) - Taser-maker Axon Enterprise AXON.O beat Wall Street estimates for fourth-quarter profit on Tuesday, driven by strong demand for its security devices and software products.Shares of the Arizona-based company were up 15% in extended trading.Best known for its law enforcement technol...Reuters
an hour ago
RPT-EXCLUSIVE-Carney knew of South Bow's Keystone XL plans before White House meeting, source says
Carney was aware of South Bow's Keystone XL revival plans when he discussed pipeline with TrumpSouth Bow considers reviving parts of Keystone XL pipeline in expansion projectCarney asked Trump in October if he would be interested in reviving Keystone with Canadian supportBy Amanda Stephenson ...Reuters
2 hours ago
First Solar plunges after downbeat net sales forecast
Feb 24 (Reuters) - First Solar FSLR.O, the biggest U.S.-based solar panel maker, forecasts current-year sales below estimates as the U.S. solar panel expects higher prices for its products following additional tariffs on foreign-made panels, sending its shares tumbling down nearly 14% after the bell...Reuters
2 hours ago
Venezuela readies larger oil cargoes for export, targets India
Chevron sells Venezuela oil to Reliance for the first time since 2023Supertankers to speed up Venezuelan oil exportsLarger cargoes could reduce transportation costsVLCC charters come amid tightened availability of medium-sized vesselsBy Marianna Parraga, Shariq Khan and Arathy Somasekhar Feb 24 (...Reuters
2 hours ago
US shale producer EOG Resources beats fourth-quarter profit estimates
Feb 24 (Reuters) - EOG Resources EOG.N beat estimates for fourth-quarter profit on Tuesday, as a rise in output helped the U.S. oil and gas producer offset the impact of a drop in crude prices. The Houston-based company posted an adjusted profit of $2.27 per share for the quarter ended December 31, ...Reuters
2 hours ago
CAVA Group Q4 revenue beats expectations
OverviewMediterranean fast-casual chain's Q4 revenue rose 21.2%, beating analyst expectationsSame-restaurant sales increased by 0.5% in Q4Company opened 24 new restaurants in Q4OutlookCAVA Group anticipates 74 to 76 net new restaurant openings in fiscal 2026Company expects same restaurant sales ...Reuters
2 hours ago
Mediterranean restaurant chain Cava forecasts annual sales above estimates
By Sanskriti Shekhar and Juveria Tabassum Feb 24 (Reuters) - Cava Group CAVA.N forecast annual same-store sales above Wall Street estimates on Tuesday, betting on resilient demand for its healthy Mediterranean bowls, even as higher commodity and tariff-related costs pressure its margins.Shares o...Reuters
2 hours ago
Mediterranean restaurant chain Cava forecasts annual sales above estimates
Feb 24 (Reuters) - Cava Group CAVA.N forecast annual same-store sales above Wall Street estimates on Tuesday, betting on resilient demand for its healthy Mediterranean bowls, even as higher commodity and tariff-related costs pressure its margins.The company's customizable protein and fiber-rich ...Reuters
2 hours ago
LIVESTOCK-CME hog futures reach two-week high on fund buying
By Tom Polansek CHICAGO, Feb 24 (Reuters) - Chicago Mercantile Exchange lean hog futures jumped to a two-week high on fund buying on Tuesday, as the market continued to recover from a recent setback, traders said.Firm prices in the cash market helped to support gains. CME April hogs LHJ26 clos...Reuters
3 hours ago
US natgas futures slide 2% to near five-month low on mild weather forecast
Waha Hub prices remain negative due to pipeline constraintsU.S. gas output rises, demand forecast to drop next weekU.S. LNG exports increase, surpassing previous monthly recordsBy Scott DiSavino NEW YORK, Feb 24 (Reuters) - U.S. natural gas futures slid about 2% on Tuesday to the lowest in nearly...Reuters
3 hours ago
US sets preliminary duties on solar imports from India, Indonesia and Laos
US imposed preliminary countervailing duties between 80.67% and 143.3%Manufacturers, including Qcells and First Solar say subsidies undercut billions in U.S. factory investmentsTariffs impact $4.5 bln in imports, likely to disrupt Asian-dominated U.S. solar tradeBy Nichola Groom Feb 24 (Reuters) ...Reuters
3 hours ago
Newmont to invest $800 million in Argentina's Cerro Negro
Feb 24 (Reuters) - Gold producer Newmont will invest approximately $800 million in Argentina's Cerro Negro mine, the country's Economy Minister, Luis Caputo, said on Tuesday. The investment will be used to restart and expand the Cerro Negro Expansion 1 (CNE1) project, which aims to extend th...Reuters
3 hours ago
GRAINS-Soy hovers near three-month peak as traders watch China demand
CBOT soybean futures turn higher after setback on MondayTariff upheaval seen easing pressure on China to buy US soyChina says it is monitoring US policies, open to discussionsBy Tom Polansek CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade soybean futures rose to hover near a three-month high o...Reuters
3 hours ago
