News
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Stocks
BUZZ-Rivian falls after at least two brokerages cut PT
** EV maker Rivian Automotive's RIVN.O shares fall ~7.1% to $12.06 in morning trade** Brokerage Guggenheim cuts PT to $16.00 from $18.00, now a ~23.4% upside to stock's last close; BofA cuts PT to $10.00 from $13.00, now a ~22.9% downside to stock's last close ** RIVN's FY25 deliveri...Reuters
Mon, Feb 24
Other
US imposes new sanctions on Iran's shadow oil fleet
Trump administration hopes to drive Iran oil exports to zeroNew sanctions target head of Iranian oil company, brokers, and shippersOil exports a top source of revenue for IranChina does not recognize US sanctionsAdds quotes, background throughout WASHINGTON, Feb 24 (Reuters) - The United States i...Reuters
Mon, Feb 24
Other
BRIEF-Nixxy Says Unit Enters Contract with Mexedia SpA Of Up To $120 Mln
Feb 24 (Reuters) - Nixxy Inc: NIXXY INC: AURALINK AI ANNOUNCES UP TO $120 MILLION AI-ENABLED RECIPROCAL TELECOMMUNICATIONS SERVICES AGREEMENT WITH MEXEDIA SPANIXXY INC: ENTERED INTO A TWELVE-MONTH CONTRACT WITH MEXEDIA SPAFurther company coverage: NIXX.OReuters
Mon, Feb 24
Stocks
BUZZ-AllianceBernstein jumps as financial services firm Equitable set to boost stake
** Shares of investment management firm AllianceBernstein AB.N jump as much as 7.4%; last up 6.6% at $38.1** Financial services firm Equitable Holdings EQH.N is looking to raise its stake in AB after striking a new reinsurance deal that will unlock more than $2 billion of cash** EQH has commenced a ...Reuters
Mon, Feb 24
Economic Indicator
EXCLUSIVE-India's Feb gold imports to hit 20-year low on record high prices, sources say
By Rajendra Jadhav MUMBAI, Feb 24 (Reuters) - India's gold imports are set to tumble 85% in February from year ago levels to their lowest in 20 years, with demand sapped by record prices for the precious metal, a government official and three bank dealers told Reuters.Lower gold imports could...Reuters
Mon, Feb 24
Other
BRIEF-Bookrunner Says Piraeus Financial Holdings ABO's Offering Size 30 Million Ordinary Shares
Feb 24 (Reuters) - Bookrunner:BLOCK TRADE: PIRAEUS FINANCIAL HOLDINGS ABO OFFERING SIZE 30 MILLION ORDINARY SHARES / C. EUR 135 MILLION - BOOKRUNNERFurther company coverage: [BOPr.AT]Reuters
Mon, Feb 24
Other
UN adopts Ukraine, European-drafted resolution on war
UNITED NATIONS, Feb 24 (Reuters) - The 193-member United Nations General Assembly on Monday adopted a resolution drafted by Ukraine and European allies to mark the third anniversary of Russia's invasion of its neighbor with 93 votes in favor, while 65 states abstained and 18 voted no.Reuters
Mon, Feb 24
Other
Kyiv says vote on UN resolutions will show whether countries 'stand for the rule of law'
Feb 24 (Reuters) - Ukrainian Foreign Minister said on Monday that a vote at the United Nations on rival resolutions marking the third anniversary of Russia's invasion of his country will be a defining moment. Opposing a resolution drafted by Ukraine and its European allies, the United States has...Reuters
Mon, Feb 24
Stocks
US insurance composite dips 0.6% week on week as Wall Street sentiment sours
By Carlos PallordetFeb 24 - (The Insurer) - The North American insurance composite compiled by Stonybrook Capital and Weild & Co moved into negative territory last week but still outperformed all major Wall Street benchmarks, which recorded significant falls.The S&P 500 declined by 1.7% whil...Reuters
Mon, Feb 24
Other
Wary of Trump, Germany's Merz warns it's 'five minutes to midnight for Europe'
Conservatives win with second worst post-war resultMerz doubles down on fears over U.S. policy Far-right AfD surges to win 20.8% of voteFocus on debt brake to tackle economic slump https://www.reuters.com/world/germany/ Recasts with more Merz quotesBy Madeline Chambers and Miranda Murray...Reuters
Mon, Feb 24
Stocks
Why Freshpet Stock Jumped Monday
Freshpet (NASDAQ: FRPT) shares are reversing course today after a sharp drop late last week. The seller of fresh and healthy pet food reported fourth-quarter and full-year earnings on Thursday and the stock tanked.But with the stock now down about 30% year to date, one Wall Street firm just said it'...The Motley Fool
Mon, Feb 24
Stocks
BUZZ-NMI Holdings rises after KBW upgrades mortgage insurer on valuation
** Mortgage insurer NMI Holdings' NMIH.O shares rise 2.6% to $35.77 ** KBW upgrades NMIH to "outperform" from "market perform"; assigns a PT of $43, a 23.3% upside to stock's last close** Brokerage says the recent stock underperformance creates an attractive entry point for i...Reuters
Mon, Feb 24
Forex
FOREX-Euro backs off highs as German coalition talks eyed, dollar edges up
Euro pares early gains in wake of German election resultsDollar briefly falls to lowest in two months on U.S. growth concernsU.S. inflation data, host of Fed speakers, expected this weekUpdates to morning U.S. tradingBy Chuck Mikolajczak NEW YORK, Feb 24 (Reuters) - The euro pulled back from earl...Reuters
Mon, Feb 24
Economic Indicator
Brazil created more than 100,000 formal jobs in January, minister says
SAO PAULO, Feb 24 (Reuters) - Brazil's Labor Minister Luiz Marinho said on Monday that January payroll data will show that more than 100,000 net formal jobs were created in the country last month, providing a glimpse of official data scheduled to be released only on Wednesday.Expectations in a R...Reuters
Mon, Feb 24
Cryptocurrencies
Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation
Litecoin is on the verge of breaking multi-year highs at the $147 level, defying the overall negative sentiment in the crypto market. While selling pressure and uncertainty have slowed the broader market, LTC has held strong, just below key supply levels. This resilience has fueled optimism among in...NewsBTC
Mon, Feb 24
Stocks
BUZZ-Starbucks to eliminate 1,100 corporate roles as part of CEO's turnaround efforts; shares up
** Shares of Starbucks SBUX.O rise as much as 1.5% to $113.48** Co says it will eliminate 1,100 corporate roles as part of CEO Brian Niccol's turnaround efforts** "We are simplifying our structure, removing layers and duplication and creating smaller, more nimble teams," Niccol says** S...Reuters
Mon, Feb 24
Stocks
Rule Breaker Investing: Pet Perks, Vol. 2
From spotting hidden competitive advantages in investing to rediscovering the joy in work, this episode is packed with moments that brighten our days. Motley Fool co-founder David Gardner shares fresh "pet perks" across investing, business, and life -- including seeing through dark clouds, the thril...The Motley Fool
Mon, Feb 24
Stocks
Why Domino's Pizza Stock Dropped Today
Shares of pizza company Domino's Pizza (NASDAQ: DPZ) dropped on Monday morning after the company reported its completed financial results for 2024. As of 10:15 a.m. ET, Domino's Pizza stock was down a disheartening 6% and it now finds itself down nearly 20% from its 52-week high.Domino's is facing s...The Motley Fool
Mon, Feb 24
