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Alphabet's Google cuts some cloud division staff, Bloomberg reports
Feb 26 (Reuters) - Alphabet's GOOGL.O Google cut employees in its cloud division, Bloomberg News reported on Wednesday, citing people familiar with the matter.The size of the layoffs or how many workers have been affected was undetermined, Bloomberg said, adding that the round of cuts impacted o...Reuters
Wed, Feb 26
Stocks
BUZZ-Verisk falls on downbeat 2025 profit forecast
** Shares of data analytics firm Verisk Analytics VRSK.O down about 3% at $290.3** VRSK forecasts 2025 adjusted earnings per share in the range of $6.80 to $7.10, below analysts' estimates of $7.31 per share, according to data compiled by LSEG** Company expects its 2025 interest expense to be in...Reuters
Wed, Feb 26
Forex
BRIEF-Coinbase Global Says Aware That Some Users May Be Experiencing Latency Or Degraded Performance When Utilizing Crypto-Backed Loans
Feb 26 (Reuters) - Coinbase Global Inc COIN.O:COINBASE GLOBAL: AWARE THAT SOME USERS MAY BE EXPERIENCING LATENCY OR DEGRADED PERFORMANCE WHEN UTILIZING CRYPTO-BACKED LOANSFurther company coverage: COIN.OReuters
Wed, Feb 26
Stocks
BUZZ-Astec Industries rises after quarterly profit beat
** Shares of road-building equipment maker Astec Industries ASTE.O up 15.9% at $36.09** Company reports an adj. EPS of $1.19, above analysts' estimates of $0.73, according to data compiled by LSEG** Demand for the company's road-building equipment rose in Q4, driven by a strong infrastructur...Reuters
Wed, Feb 26
Indices
Dow Jones Industrial Average dips on choppy Wednesday
The Dow Jones Industrial Average (DJIA) missed out on slim gains found by other US equity indexes, backsliding around 200 points as investors remain uneasy in the face of renewed tariff threats from US President Donald Trump.Fxstreet
Wed, Feb 26
Forex
CANADA FX DEBT-Canadian dollar holds near 2-week low even as tariff deadline delayed
Loonie falls 0.1% against the U.S. dollarTouches its weakest since February 10 at 1.4365Price of US oil declines 0.5%Bond yields trade mixed across a flatter curveUpdates market activity and pricesBy Fergal Smith TORONTO, Feb 26 (Reuters) - The Canadian dollar weakened to a two-week low against i...Reuters
Wed, Feb 26
Other
US examining whether UK's encryption demand on Apple broke data treaty
Adds quote from letter, background on Apple and encryption in paragraphs 3-8; bylineBy Stephen Nellis Feb 26 (Reuters) - U.S. officials are examining whether the UK broke a bilateral agreement by reportedly demanding that Apple AAPL.O build a "backdoor" allowing the British government...Reuters
Wed, Feb 26
Commodities
EDPR posts unexpected loss on heavy impairments in US, Colombia
Recasts, adds impairments, capacity additions, CEO quoteBy Sergio Goncalves LISBON, Feb 26 (Reuters) - Wind power producer EDP Renovaveis EDPR.LS posted an unexpected 2024 net loss of 556 million euros ($584 million) on Wednesday, citing one-off charges on projects ...Reuters
Wed, Feb 26
Forex
BUZZ-COMMENT-US recap: EUR/USD slips as risk tone sours
Feb 26 (Reuters) - The dollar index rose on Wednesday but pared its gains as Treasury 10-year yields slid for a sixth day following comments by U.S President Donald Trump and special advisor Elon Musk on slashing government spending, while U.S shares slipped prior to Nvidia earnings.Musk said the U....Reuters
Wed, Feb 26
Other
UBS capital rules face long delay as government changes tack on key metric
Adds comment from UBS, paragraphs 4-5By Ariane Luthi and Oliver Hirt ZURICH, Feb 26 (Reuters) - New banking rules for UBS UBSG.S could face a long delay after Switzerland's finance ministry on Wednesday said it wanted lawmakers to decide on key capital requirements and that a referendum to ap...Reuters
Wed, Feb 26
Other
Meyer Burger bondholders approve changes for fresh capital injection
Adds background from paragraph 2 onwards Feb 26 (Reuters) - Embattled Swiss solar panel maker Meyer Burger MBTN.S said on Wednesday its bondholders have approved changes to convertible bonds maturing in 2027 and 2029 to inject fresh capital into the business and restructure existing liabilities u...Reuters
Wed, Feb 26
Stocks
Why Micron Stock Is Jumping Today
Micron Technology (NASDAQ: MU) stock is rising Wednesday. The company's share price was up 4.5% as of 1:45 p.m. ET amid flat trading for the S&P 500 index and a gain of 0.3% for the Nasdaq Composite index.After recent sell-offs, Micron is regaining some ground in today's trading. In addition to more...The Motley Fool
Wed, Feb 26
Cryptocurrencies
Cryptocurrency firm founder extradited from Portugal to face US fraud charges
By Nate Raymond BOSTON, Feb 26 (Reuters) - The founder of a cryptocurrency financial services firm has been extradited from Portugal to face U.S. charges that he participated in a wide-ranging scheme to manipulate the market for digital tokens on behalf of client companies.Aleksei Andriunin, the ...Reuters
Wed, Feb 26
Cryptocurrencies
As Bitcoin and Altcoins Struggle, Lightchain AI’s Growth Remains Unshaken—Here’s Why
As Bitcoin and many altcoins face struggles in the current market, Lightchain AI’s growth remains unshaken. The project has already raised over $16.4 million at a presale price of $0.006, signaling strong investor confidence even amid market volatility. Lightchain AI’s innovative approach of combining AI and blockchain technology sets it apart from traditional cryptocurrencies. With […]Cryptopolitan
Wed, Feb 26
Commodities
PRECIOUS-Gold prices slip, investors eye upcoming US PCE data
U.S. PCE data due on FridayBullish trend persists for gold, analyst sayGold hit record high of $2,956.15 on MondayUpdates for market closeBy Anmol ChoubeyFeb 26 (Reuters) - Gold prices eased on Wednesday after a recent record rally, while investors looked towards inflation data due later this week a...Reuters
Wed, Feb 26
Stocks
BUZZ-U.S. STOCKS ON THE MOVE-AerCap Holdings, Salesforce, Emcor Group
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 were set to open higher on Wednesday, after logging several days of declines, as investors awaited Nvidia's...Reuters
Wed, Feb 26
Stocks
Why SoundHound AI Stock Is Skyrocketing Today
SoundHound AI (NASDAQ: SOUN) stock is surging Wednesday thanks to multiple bullish catalysts. The artificial intelligence (AI) company's share price was up 11.2% as of 1:45 p.m. ET. Meanwhile, the S&P 500 (SNPINDEX: ^GSPC) was flat on the day, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up 0.3...The Motley Fool
Wed, Feb 26
