News
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Commodities
BRIEF-BP CEO Says No Plans For Further Acquisitions
Feb 26 (Reuters) - BP PLC BP.L:BP CEO SAYS NO PLANS FOR FURTHER ACQUISITIONS - CAPITAL MARKETS DAY EVENTBP SAYS REDUCING CONTRACTOR NUMBERS BY MORE THAN 3,000, WITH 2,600 OF THESE HAVING ALREADY LEFTBP SAYS BPX OUTPUT EXCEEDED 430,000 BOEPD IN 2024, TO GROW 650,000 BOEPD BY 2030BP SAYS CONFIDENT RES...Reuters
Wed, Feb 26
Economic Indicator
US crude stockpiles fall as refining picks up, fuel inventories build, EIA says
Adds details from report, analyst commentary, milestones; updates pricesBy Liz Hampton and Georgina McCartneyDENVER, Feb 26 (Reuters) - U.S. crude oil stockpiles fell unexpectedly last week as refining activity ticked higher, while gasoline and distillate inventories posted surprise builds, the Ener...Reuters
Wed, Feb 26
Stocks
Coupang's EPS Soars Despite Revenue Miss
Coupang (NYSE:CPNG), a U.S.-based e-commerce powerhouse that largely does business in South Korea, disclosed its fourth-quarter results on Feb. 25. The most noteworthy metric was its earnings per share (EPS) of $0.08, which significantly outperformed the expected $0.01 with some help from a one-time...The Motley Fool
Wed, Feb 26
Other
Israel mourns Bibas family as Hamas signals breakthrough on hostages
Standoff over prisoner release resolvedHamas says final four hostage bodies to be returned on WednesdayThousands line Israeli streets to mourn Bibas familyAdds Netanyahu confirms hostage handover, paragraph 3, 17-19By Rami Amichay and Nafisa Eltahir RISHON LEZION, Israel/CAIRO, Feb 26 (Reuters) -...Reuters
Wed, Feb 26
Forex
BUZZ-COMMENT-USD/JPY bears may look to Fed as next catalyst
Yen bulls have gotten most of what they can from the recent move lower in USD/JPY without a new catalyst, and, given rising apprehension about a potential U.S. growth slowdown, it will probably take a shift in Fed expectations to provide new impetus. Currently, markets see an 80% chance of a 25 basi...Reuters
Wed, Feb 26
Stocks
Why Supermicro Stock Is Skyrocketing Today
Shares of Super Micro Computer (NASDAQ: SMCI) are soaring on Wednesday. The company's stock gained 19.2% by 10:45 a.m. ET and had been up as much as 23.4% earlier in the day. The leap comes as the S&P 500 index gained 0.7% and the Nasdaq Composite gained 1%.Supermicro, a key partner of Nvidia, succe...The Motley Fool
Wed, Feb 26
Other
Lilly plans to invest $27 billion in new US plants as Trump threatens pharmaceutical tariffs
Adds further CEO comment from conference in paragraphs 6 and 13By Patrick Wingrove and Ahmed Aboulenein Feb 26 (Reuters) - Eli Lilly LLY.N plans to spend at least $27 billion to build four new manufacturing plants in the U.S., the drugmaker said at a Washington press conference on Wednesday, as ...Reuters
Wed, Feb 26
Other
US abstains from WTO condemnation of Russian aggression in Ukraine, sources say
Updates with U.S. comment in paragraph 4By Olivia Le Poidevin GENEVA, Feb 26 (Reuters) - The United States on Wednesday abstained from a statement by members of the World Trade Organization condemning Russia's aggression in Ukraine, a diplomatic source and a Geneva trade official told Reuters...Reuters
Wed, Feb 26
Other
Germany's Merz to dine with Macron on Wednesday, FAZ reports
BERLIN, Feb 26 (Reuters) - Germany's chancellor-in-waiting Friedrich Merz is due to meet French President Emmanuel Macron for dinner on Wednesday evening, the Frankfurter Allgemeine newspaper reported.Merz is expected to attempt to form a coalition with the third-placed Social Democrats after hi...Reuters
Wed, Feb 26
Forex
FOREX-US dollar rises as Treasury yields stabilize amid economic concerns
Dollar up in three of past four sessionsInvestors gauge policy uncertainty, US economyMarkets price more than two 25 bps Fed rate cuts in 2025Yen retreats from highest since OctoberUpdates to morning U.S. tradingBy Chuck Mikolajczak NEW YORK, Feb 26 (Reuters) - The U.S. dollar rose on Wednesday t...Reuters
Wed, Feb 26
Stocks
BUZZ-3M reiterates annual sales forecast; shares rises
Updates** Shares of diversified manufacturer 3M Co MMM.N up 1.4% at $148.62 ** Co reaffirms its annual forecast of organic sales growth in the range of 2% to 3%** 3M says it would return at least $10 bln in cash to shareholders and expects operating margin to be about 25% by 2027** Stock rose 41.2% ...Reuters
Wed, Feb 26
Other
BRIEF-Google Says Loss Of Pulse Detection Has Received U.S. FDA Clearance, And Is Now Available On Pixel Watch 3 - Blog
Feb 26 (Reuters) - Alphabet Inc GOOGL.O:GOOGLE - LOSS OF PULSE DETECTION HAS RECEIVED U.S. FDA CLEARANCE, AND IS NOW AVAILABLE ON PIXEL WATCH 3 - BLOGGOOGLE SAYS LOSS OF PULSE DETECTION FEATURE IS AVAILABLE IN 14 COUNTRIES AND WE’LL BEGIN ROLLING IT OUT IN THE U.S. AT THE END OF MARCH - BLOGSource ...Reuters
Wed, Feb 26
Other
NYDFS levies $20.4 million in fines against 37 insurers for lax reporting
By Isha MaratheFeb 26 - (The Insurer) - New York State Department of Financial Services Superintendent Adrienne Harris fined 37 auto insurers a total of $20.4 million for failing to report insured vehicle information to the New York State Department of Motor Vehicles (DMV) in a timely manner. Some...Reuters
Wed, Feb 26
Other
Olympics-IOC grants provisional recognition to global body World Boxing
Updates with World Boxing commentBERLIN, Feb 26 (Reuters) - The International Olympic Committee on Wednesday granted provisional recognition to World Boxing in a major step towards the sport's inclusion in the Los Angeles 2028 Olympics.The boxing competition at the Paris 2024 Olympics was run by...Reuters
Wed, Feb 26
Stocks
EMERGING MARKETS-Real leads Latam FX declines; Ukraine-US minerals deal in focus
Brazil adds more formal jobs than forecast in JanuaryTrump opens probe into potential copper imports Ukraine bonds jump MSCI Latam FX down 0.4%, stocks down 0.3% By Lisa Pauline Mattackal Feb 26 (Reuters) - Brazil's real led broad losses among Latin American currencies on Wednesday, hit by a ...Reuters
Wed, Feb 26
Stocks
BUZZ-Fintech PROG falls after Jefferies downgrades to 'hold'
** Shares of fintech firm PROG Holdings PRG.N fall as much as 4.1%; last down 3.4% at $28.18** Jefferies downgrades PRG to "hold" from "buy", as it awaits catalysts from a more favorable environment ** Brokerage says growing evidence of a delayed industry recovery along with PRG'...Reuters
Wed, Feb 26
Other
Political issues and Ukraine not on agenda of Russia-U.S. talks in Istanbul, U.S. official says
ANKARA, Feb 26 (Reuters) - U.S. and Russian officials will not discuss any political or security issues during talks in Istanbul on Thursday, a U.S. Embassy official in Ankara said on Wednesday, adding the war in Ukraine would also not be on the agenda.The delegations would discuss issues affecting ...Reuters
Wed, Feb 26
Other
Euro zone bond yields at week-lows as hurdles eyed to defence spending boost
Investors weigh uncertain timeline of European defence spendingEuro zone yields fall while U.S. yields rise, spreads widenECB expected to cut rates next week Updates prices in afternoon trading in EuropeBy Greta Rosen Fondahn Feb 26 (Reuters) - Euro zone government bond yields held near their lo...Reuters
Wed, Feb 26
Other
Lemonade posts best gross loss ratio ever in Q4, share price drops on 2025 guidance
By Michael LoneyFeb 26 - (The Insurer) - Lemonade has reported that its gross loss ratio improved 14 points year over year to 63% in Q4 2024 and that its first-quarter results will include $45 million in gross and $20 million in net losses from the Los Angeles wildfires.Q4 63% gross loss ratio compa...Reuters
Wed, Feb 26
