News
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Commodities
EU wheat and rapeseed hit lows as tariff battle heats up
PARIS, March 4 (Reuters) - Euronext wheat futures extended losses on Tuesday to a six-month low while rapeseed tumbled to a one-month low as U.S. tariffs and retaliatory measures from China and Canada deepened concern about disruption to agricultural trade.May wheat BL2K5, the most active contract o...Reuters
Tue, Mar 4
Other
Apple appeals to overturn UK government's 'back door' order, Financial Times reports
March 4 (Reuters) - Apple AAPL.O has filed a legal complaint that it hopes will overturn a British government order to create a "back door" in its most secure cloud storage systems, the Financial Times reported on Tuesday, citing people familiar with the matter.Reuters
Tue, Mar 4
Other
Israel says it needs deal on freeing hostages to extend Gaza ceasefire
Truce extension proposed during Ramadan until after PassoverHamas wants to proceed to second truce phase for permanent end to war, full Israeli withdrawal from GazaHamas and Israel at odds over postwar governance of GazaBy James Mackenzie JERUSALEM, March 4 (Reuters) - Foreign Minister Gideon Saa...Reuters
Tue, Mar 4
Stocks
BlackRock falls after group, including company, to buy Panama ports' stake
** Shares of asset manager BlackRock Inc BLK.N down 2.10% at $946.22** Hong Kong's CK Hutchison Holdings 0001.HK to sell its controlling stake in unit that operates Panama ports to a consortium including BLK for equity value of $14.21 billion** Sale of licenses will lead to the consortium gainin...Reuters
Tue, Mar 4
Stocks
Natgas companies rise on record LNG flows, Canada tariff worries
** Shares of U.S. natural gas companies rise, tracking natgas futures NGA/** U.S. natgas futures NGc1 up 8% at $4.44 per million British thermal units (mmBtu), putting the contract on track for its highest close since December 2022** Natural gas prices rise on record flows to liquefied natural gas e...Reuters
Tue, Mar 4
Stocks
Best Buy warns of potential price hikes as fresh US tariffs roll in, shares slump
Company says annual forecast excludes recently imposed tariffsPosts surprise rise in holiday quarter sales, beats profit estimatesShares slump 15%By Savyata Mishra March 4 (Reuters) - Best Buy BBY.N warned of the possibility of higher prices for American shoppers as President Donald Trump's ...Reuters
Tue, Mar 4
Stocks
Why Okta Stock Rocketed Higher Tuesday Morning
Shares of Okta (NASDAQ: OKTA) barreled out of the gate Tuesday, gaining as much as 19.9%. As of 11:54 a.m. ET, the stock was still up 18.4%.The catalyst that sent the cybersecurity specialist higher was its quarterly earnings results, which provided upbeat news for shareholders.Start Your Mornings S...The Motley Fool
Tue, Mar 4
Other
EXPLAINER -Trump halts military aid to Ukraine - what does that mean?
By Mike Stone, Erin Banco WASHINGTON, March 4 (Reuters) - U.S. President Donald Trump has frozen military aid to Ukraine, just days after publicly confronting Ukrainian President Volodymyr Zelenskiy at the White House and accusing him of being insufficiently grateful for Washington's backing....Reuters
Tue, Mar 4
Cryptocurrencies
SEC Ends 3-Year Probe Into Yuga Labs—What’s Next?
The company that created the Bored Ape Yacht Club (BAYC) NFTs, Yuga Labs, is celebrating a significant court win. Without pursuing any enforcement measures, the US Securities and Exchange Commission (SEC) has formally concluded its investigation into the company. Related Reading: US Cracks Down On C...Bitcoinist
Tue, Mar 4
Stocks
Target falls after annual comparable sales forecast comes in below expectations
** Supermarket chain Target's TGT.N shares down 5.3% at $114.31 after being up around 4% premarket ** Expects annual comparable sales to be about flat, compared with analysts' expectations of 1.8% increase, according to data compiled by LSEG** Says new tariffs on imports from Mexico and Cana...Reuters
Tue, Mar 4
Other
Russia offered to serve as mediator between US, Iran, source says
WASHINGTON, March 4 (Reuters) - Russia has offered to serve as a mediator between the United States and Iran, a source briefed on the discussions told Reuters on Tuesday, adding that Moscow was not asked to take up such a role. Russia's state-run Zvezda media outlet reported earlier on Tuesday, ...Reuters
Tue, Mar 4
Other
UnitedHealth wins favorable ruling against US fraud case
By Brendan Pierson March 4 (Reuters) - A court-appointed special master has found that U.S. authorities do not have evidence to support their billion-dollar fraud case accusing UnitedHealth Group UNH.N of keeping overpayments from the government for patients on its Medicare insurance plans.The re...Reuters
Tue, Mar 4
Commodities
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, March 4 (Reuters) - Northwest European gasoline refining profit margins fell to $7.24 a barrel on Tuesday, while a cargo traded in the Mediterranean. In the Platts window, Vitol bought a Mediterranean gasoline cargo from Trafigura.A total of 6,000 metric tons of E5 gasoline barges traded, a...Reuters
Tue, Mar 4
Commodities
US Cash Grains-Corn, soy basis steady-mixed as futures tumble
CHICAGO, March 4 (Reuters) - Spot basis bids for soybeans and corn were steady to mixed in the U.S. Midwest on Tuesday as concerns over retaliatory Chinese tariffs on U.S. farm goods put pressure on Chicago Board of Trade futures.* Corn basis bids ticked down at a Nebraska elevator and ticked up at ...Reuters
Tue, Mar 4
Other
Automakers warn that Trump tariffs will hike some vehicle prices by as much as 25%
March 4 (Reuters) - A trade group representing nearly all major automakers warned on Tuesday that new 25% tariffs on imports from Canada and Mexico imposed by President Donald Trump will lead to drastic price hikes."All automakers will be impacted by these tariffs on Canada and Mexico. Most anti...Reuters
Tue, Mar 4
Other
US CFPB drops 'Zelle' case against JPMorgan, BofA, Wells Fargo
March 4 (Reuters) - The U.S. Consumer Financial Protection Bureau on Tuesday said it was dropping a lawsuit filed in December against three of the nation's largest banks over their handling of the payment service Zelle, according to a court filing.The agency, which was virtually shuttered by Pre...Reuters
Tue, Mar 4
