News
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The Crypto Revolution You Didn't See Coming
The blockchain is growing faster than you may realize, and stablecoins are a huge part of that growth. In this video, Travis Hoium explains why that's great news for Coinbase (NASDAQ: COIN).*Stock prices used were end-of-day prices of Feb. 11, 2025. The video was published on Feb. 12, 2025.Where to ...The Motley Fool
Wed, Feb 12
Bill Ackman Makes $2.3 Billion Bet on Uber's Future
Uber (NYSE: UBER) got a huge new investor last week when hedge fund manager Bill Ackman announced a $2.3 billion stake in the company. Ackman is known as a long-term investor willing to bet big on concentrated ideas, and in this video, Travis Hoium covers what he may be seeing.*Stock prices used wer...The Motley Fool
Wed, Feb 12
Why Intel Stock Popped on Wednesday
Intel (NASDAQ: INTC) stock is getting a lift Wednesday from some interesting commentary out of investment banker R.W. Baird.Writing about rumors out of Asia Wednesday morning, Baird analyst Tristan Gerra said there are "discussions from the Asia supply chain" regarding a potential tie-up between Int...The Motley Fool
Wed, Feb 12
Massive Autonomous Driving News That Could Disrupt Tesla's Robotaxi Ambitions
Lyft (NASDAQ: LYFT) is taking big steps toward getting autonomous vehicles on the road as early as next year with the help of Mobileye's (NASDAQ: MBLY) technology. The companies are working together to enable individuals and fleet owners to own autonomous vehicles and make money on the Lyft network,...The Motley Fool
Wed, Feb 12
BUZZ-Zillow shares drop after Q4 earnings miss estimates
** Zillow Group ZG.O drops ~14% to $72.27 after online home-listings firm reported adjusted earnings that missed analyst estimates** ZG is on track for the second straight session of losses as well as the biggest daily pct drop since Nov 2021** After the closing bell on Tues, Co reported adj EPS of ...Reuters
Wed, Feb 12
Redfin Is Soaring on a Bad Day for Real Estate Stocks -- Here's Why
The stock market was having a generally weak day on Wednesday, thanks to some hotter-than-expected inflation data. And real estate stocks were especially hard-hit. Real estate investment trusts, or REITs, were down sharply as a group, as high inflation reduces the probability of further Federal Rese...The Motley Fool
Wed, Feb 12
LIVE MARKETS-Data heatwave: CPI, mortgage demand
U.S. equity indexes red; Dow leads declines, off ~0.6%Real estate weakest S&P 500 sector; Healthcare is sole gainerEuro STOXX 600 index up ~0.2%Dollar rises; gold, bitcoin dip; crude off >1%U.S. 10-Year Treasury yield jumps to ~4.65%Welcome to the home for real-time coverage of markets brough...Reuters
Wed, Feb 12
BUZZ-Avis skids after swinging to Q4 loss, CEO change
** Shares of rental car firm Avis Budget Group CAR.O down 7.8% at $82.73 early Weds after it swung to a qtrly loss and named new CEO** CAR shares hit 1-mth low and tracking biggest one-day pct drop since Sept 3** Parsippany, New Jersey Avis late Tues posted Q4 loss of $1.96 bln, $55.66/sh, compared ...Reuters
Wed, Feb 12
BUZZ-U.S. STOCKS ON THE MOVE-PPG Industries, CME Group, WiSA Technologies
Eikon search string for individual stock moves: The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes hit an over one-week low on Wednesday, as a hotter-than-anticipated inflation reading added to concerns that th...Reuters
Wed, Feb 12
Why Zillow Stock Crashed an Unlucky 13% Today
Zillow Group (NASDAQ: Z) (NASDAQ: ZG) stock tumbled 13.1% through 10:20 a.m. ET Wednesday, despite beating Wall Street sales forecasts in its earnings release last night.Heading into the quarter, analysts forecast Zillow would collect $546.7 million in sales for its fourth quarter of 2024. In fact, ...The Motley Fool
Wed, Feb 12
BUZZ-Xilio soars after tie-up with AbbVie to develop cancer treatments
Updates** Shares of drug developer Xilio Therapeutics XLO.O more than double to $1.49, set for record single-day pct gain** AbbVie ABBV.N and XLO enter into collaboration and option agreement to develop cancer immunotherapies** Under terms of the deal, XLO to receive $52 million in an upfront paymen...Reuters
Wed, Feb 12
BUZZ-Neuphoria Therapeutics rises on $15 mln milestone payment from Merck
** Massachusetts-based drug developer Neuphoria Therapeutics NEUP.O rises 3.31% to $4.65 in morning trade ** Co, which develops treatments for brain and mental health disorders, says it is due to receive $15 million milestone payment from Merck MRK.N ** The payment is triggered by the start of a mid...Reuters
Wed, Feb 12
EMERGING MARKETS-EM currencies under pressure after US inflation data boosts dollar
Dollar rises after hot U.S. inflation data Grupo Mexico reports drop in quarterly net profit Trump urges Jordan to take in Palestinians MSCI Latam FX flat, stocks down 0.8%By Purvi Agarwal Feb 12 (Reuters) - The dollar rose broadly against emerging market currencies on Wednesday after a strong in...Reuters
Wed, Feb 12
BUZZ-AnaptysBio climbs on arthritis drug trial data
** Shares of drug developer AnaptysBio ANAB.O surge 28.3% to $15.88 in morning trade ** Co says its experimental drug, rosnilimab, met the main goal in a mid-stage trial for the treatment of rheumatoid arthritis, a chronic inflammatory disease that primarily affects the joints ** The main goal was ...Reuters
Wed, Feb 12
LIVE MARKETS-Wall Street opens lower on hot inflation
U.S. equity indexes red; Dow leads declines, off ~0.7Real estate weakest S&P 500 sector; Healthcare sole gainerEuro STOXX 600 index ~flatDollar rises; gold slips; bitcoin dips; crude off >1.5%U.S. 10-Year Treasury yield jumps to ~4.65%Welcome to the home for real-time coverage of markets brou...Reuters
Wed, Feb 12
South African rand falls after US inflation data
Updates prices to reflect afternoon trade JOHANNESBURG, Feb 12 (Reuters) - South Africa's rand slipped on Wednesday, after data showed U.S. consumer prices rose more than expected last month, raising the prospect of the Federal Reserve holding interest rates higher for longer. At 1520 GMT, th...Reuters
Wed, Feb 12
Alkermes Plc EPS Soars Past Forecasts
Alkermes (NASDAQ:ALKS), a biopharmaceutical company known for its innovative drugs targeting mental health and neurological disorders, announced its Q4 2024 earnings on Feb. 12. The company reported robust financial results, beating analyst estimates with a non-GAAP EPS of $1.04 against an expected ...The Motley Fool
Wed, Feb 12
CANADA STOCKS-TSX falls as US inflation data dims Fed rate cut hopes
Updates with market opening pricesBy Ragini Mathur Feb 12 (Reuters) - Canada's main stock index fell on Wednesday, dragged by technology stocks, after a key U.S. inflation report slashed expectations of interest rate cuts by the Federal Reserve this year.The S&P/TSX composite index .GSPTS...Reuters
Wed, Feb 12
