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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
BUZZ-Kraft Heinz falls on gloomy annual profit forecast
Updates** Packaged food maker Kraft Heinz's KHC.O shares down 3.3% at $28.58, their lowest since September 2020** Company expects annual adjusted earnings per share in the range of $2.63 to $2.74, compared with analysts' average estimates of $3.04, as per data compiled by LSEG** Co forecasts...Reuters
Wed, Feb 12
CME Group Inc reports results for the quarter ended December 31 - Earnings Summary
CME Group Inc CME.OQ reported quarterly adjusted earnings of $2.52 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.37. The mean expectation of fifteen analysts for the quarter was for earnings of $2.44 per share. Wall Street...Reuters
Wed, Feb 12
2 Stocks to Sell, 2 Stocks to Buy in a Trade War
Now that President Trump is back in the Oval Office, he is looking to apply tariffs to various countries he believes have been taking advantage of the U.S. So far, China, Mexico, and Canada have been targeted.You should assess your portfolio in light of these developments. In today's video, I highli...The Motley Fool
Wed, Feb 12
BUZZ-WiSA Technologies rises on Dolby audio partnership
** Shares of sound technology firm WiSA Technologies WISA.O rise 30% to $1.48** WISA says it has partnered with Dolby Laboratories DLB.N to improve wireless audio integration on Android and Linux platforms** Partnership will make it easier and faster for companies to add high-quality audio to their ...Reuters
Wed, Feb 12
Kraft Heinz forecasts weak profit as high prices put off thrifty shoppers
Kraft misses sales estimates for fourth straight quarterHigher investments hurt quarterly marginsShares down about 4% in early tradingAdds shares, executive comment in paragraph 5By Anuja Bharat MistryFeb 12 (Reuters) - Kraft Heinz KHC.O forecast annual profit below estimates on Wednesday as years o...Reuters
Wed, Feb 12
BUZZ-Intel extend gains after VP Vance's speech supporting US-made AI systems
Updates** Shares of Intel INTC.O extend gains on Wednesday after a 6.1% rise in previous session; last up 1.7% at $21.33 in early morning trading** U.S. Vice President JD Vance said at the AI summit in Paris on Tuesday that President Donald Trump's administration would ensure that the most power...Reuters
Wed, Feb 12
CVS Health tops profit estimates as new CEO pursues turnaround; shares surge
Updates shares in paragraph 2, adds company comments from conference call in paragraphs 5 and 9, analyst comment in paragraph 12, graphicBy Amina Niasse and Sriparna RoyFeb 12 (Reuters) - CVS Health CVS.N beat Wall Street estimates for fourth-quarter profit on Wednesday and provided an annual forec...Reuters
Wed, Feb 12
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood had one of her busiest days on the trading floor in months on Tuesday. The co-founder, CEO, and ace stock picker at Ark Invest added to 17 different existing positions across her aggressive growth exchange-traded funds in a single day.I think some of her more interesting purchases on Tue...The Motley Fool
Wed, Feb 12
This Was the Average Social Security Benefit in 1995, and Here's What It Is Now
Those of us who are not whippersnappers anymore can probably remember the year 1995 and some of its key events -- such as the O.J. Simpson trial, the Oklahoma City bombing, and the launch of an online bookstore -- Amazon.com. What we probably don't remember, or didn't ever know, was how much money r...The Motley Fool
Wed, Feb 12
BUZZ-CVS surges on Q4 profit beat
Updates** Shares of health insurer CVS Health CVS.N rise 15.2% to $63.36, highest in three months ** Co reports smaller-than-expected drop in Q4 adjusted profit as pace of its insurance unit's medical cost increase slowed** Co reports Q4 adjusted profit of $1.19 per share, above analysts' av...Reuters
Wed, Feb 12
BUZZ-CME Group climbs after Q4 profit beats expectations
** Shares of derivatives exchange operator CME Group CME.O rise as much as 4.9%, last up 3.9% at $251.05** CME reports Q4 adjusted profit of $2.52/shr, beating Wall Street expectations of $2.44/shr, according to estimates compiled by LSEG** Uncertainty around the U.S. election and economy, as well a...Reuters
Wed, Feb 12
BUZZ-Dominion Energy narrows 2025 profit forecast; shares fall
** Shares of utility Dominion Energy D.N fall 1.3% to $55** Company narrows forecast for 2025 adjusted profit per share to range of $3.28 to $3.52, from $3.25 to $3.54** Analysts expected Dominion to post a profit of $3.39 per share in 2025, according to data compiled by LSEG** Company posts Q4 adj...Reuters
Wed, Feb 12
BUZZ-NXP Semiconductors rises; Morgan Stanley upgrades to 'overweight'
Updates** Shares of chipmaker NXP Semiconductors NXPI.O rise 3.2% to $217.75 in early morning trading** Morgan Stanley upgrades NXPI to "overweight" from "equal weight"; hikes PT to $257 from $231** Brokerage says that cyclical and secular tailwinds are aligning for NXPI** "With ...Reuters
Wed, Feb 12
Upstart Is Soaring After Stellar Earnings -- Here's What You Need to Know
The stock market was having a sharply negative day on Wednesday, mainly due to a hotter-than-expected inflation report. But lending technology company Upstart (NASDAQ: UPST) was a big exception. As of 9:50 a.m. ET, Upstart was higher by more than 30% for the day.Strong results and guidanceAs you mig...The Motley Fool
Wed, Feb 12
BUZZ-Denny's hits near five-year low after downbeat fourth-quarter results
** Shares of restaurant chain operator Denny's DENN.O fall as much as 22.3% to a near five-year low of $5.2 in early trade** Company posts Q4 revenue of $114.7 million vs. estimates of $115.7 million, hurt by decline in the number of equivalent units and franchise occupancy revenue ** Company al...Reuters
Wed, Feb 12
BUZZ-Barrick Gold up after beating Q4 profit estimates
Updates** Shares of Canadian miner Barrick Gold ABX.TO rise ~5% to C$25.60** Co announces new $1 billion share buyback plan and beats Q4 adjusted EPS estimates, helped by higher prices of gold** Posts Q4 adjusted EPS of $0.46, beats analysts' estimates of $0.41, according to data compiled by LSE...Reuters
Wed, Feb 12
BUZZ-Royalty Pharma falls after investing $250 mln in Biogen's lupus treatment
** Shares of biotech investor Royalty Pharma RPRX.O fall 1.3% to $31.81** RPRX says it is providing up to $250 mln in funding to Biogen BIIB.O to support the development of litifilimab, a potential treatment for systemic lupus erythematosus (SLE) and cutaneous lupus erythematosus (CLE)** SLE and CLE...Reuters
Wed, Feb 12
