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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
BUZZ-Interpublic Group falls on weak fourth quarter results
** Shares of advertising company Interpublic Group IPG.N fall 2.4% to $26.51 in early trading** Co reports Q4 revenue of $2.43 bln missing analysts' ests. Of $2.52 bln - LSEG** On an adjusted basis, co posts Q4 earnings of $1.11 vs ests. Of $1.17** The company saw a more than 3% fall in revenue ...Reuters
Wed, Feb 12
BUZZ-JP Morgan downgrades PPG Industries to 'neutral', lowers PT
** J.P. Morgan downgrades industrial coatings maker PPG Industries to "neutral" from "overweight", cuts price target to $115 from $145** PPG shares fall 1.2% to $113.60 in morning trade** Brokerage says the auto industry in 2025 is not growing, and PPG is giving up market share** Add...Reuters
Wed, Feb 12
American Express: Buy, Sell, or Hold?
American Express (NYSE: AXP) is a business icon known the world over. It is also performing well right now as a business. How you view the stock and, more broadly, investing will have a big impact on whether you want to buy, sell, or hold this huge payments processor.Let's look at these different pe...The Motley Fool
Wed, Feb 12
Biogen's 2025 forecasts hit by declining sales for MS drugs, strong dollar
Forecasts 2025 profit below expectationsSigns $250 million deal for lupus drug fundingShares drop more than 6% in early trading Adds CEO comment in paragraph 4, analyst comment in paragraph 6, updates share movement in paragraph 7By Manas MishraFeb 12 (Reuters) - Biogen BIIB.O on Wednesday forecast...Reuters
Wed, Feb 12
Lyft shares slide as lower pricing trends persist amid competition with Uber
Updates shares in paragraph 1, Lyft market cap drop and Uber shares in paragraph 12 Feb 12 (Reuters) - Lyft LYFT.O shares slumped about 9% on Wednesday after the ride-hailing company warned that lower pricing trends from late last year are expected to continue in 2025, as it tries to match prices...Reuters
Wed, Feb 12
US STOCKS-Wall St falls as hot inflation data dents rate cut hopes
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.CVS Health rises after beating profit estimatesLyft falls as Q1 bookings forecast misses estimatesJanuary CPI at 3% YoY vs 2.9% estimate Indexes down: Dow 0.99%, S&P 500 0.92%, Nasdaq 0.89%...Reuters
Wed, Feb 12
BUZZ-FX options wrap - Ukraine hopes drive trade flow
Hopes of a ceasefire in Ukraine over coming weeks have been behind some of the main trade flow in the last 24 hours. No surprise to see EUR/CHF topside strike demand at the fore, as a firmer EUR and weaker CHF are the most likely outcomes from an easing of tensions in the 3-year old conflict. EUR/US...Reuters
Wed, Feb 12
3 Evergreen Retail Stocks to Buy Like There's No Tomorrow
Most retailers aren't considered evergreen businesses because they're highly exposed to macro and competitive headwinds. They've also struggled to keep pace with major technological shifts in the e-commerce, mobile, and social media markets.Nevertheless, some resilient retailers have repeatedly roll...The Motley Fool
Wed, Feb 12
BUZZ-Palatin Technologies down after launching stock sale
** Shares of Delaware-based drug developer Palatin Technologies PTN.A down 11% to 89 cents** Co, which develops treatments of diseases such as autoimmune and dry eye diseases, launches stock offering ** PTNA to sell up to $6 million common shares through Alliance Global Partners acting as its sales ...Reuters
Wed, Feb 12
