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Stocks
BUZZ-FirstSun Capital rated 'overweight' as Piper Sandler starts coverage
** Piper Sandler starts coverage of regional lender FirstSun Capital Bancorp FSUN.O with an "overweight" rating and $51 PT, a 22.9% upside to stock's last close** Brokerage says it views FSUN's above-average exposure to commercial and industrial loans as more valuable as it brings lo...Reuters
Fri, Feb 21
Stocks
Block shares slump 7% premarket on fourth-quarter profit miss
Shares in Block dropped in extended hours trading after the payments firm reported lower-than-anticipated fourth-quarter income despite receiving a boost from relatively strong holiday spending activity and a post-election spike in the price of Bitcoin.Investing.com
Fri, Feb 21
Stocks
BUZZ-Acelyrin jumps on Concentra Biosciences' buyout offer amid pending merger with Alumis
Updates** Shares of drug developer Acelyrin SLRN.O rise 17.5% to $2.55 premarket** SLRN confirms that private affiliate of investor Tang Capital Partners, Concentra Biosciences, has proposed to acquire it for $3 per share in cash, a 38.2% premium to its last closing price ** The offer implies an equ...Reuters
Fri, Feb 21
Cryptocurrencies
US securities regulator to drop lawsuit against Coinbase, exchange says
Coinbase COIN.O said on Friday the U.S. securities regulator planned to withdraw its lawsuit against the crypto exchange, ending a contentious years-long legal battle once considered existential for the trading platform and the broader sector.
Reuters
Fri, Feb 21
Stocks
BUZZ-Waystar ticks lower as top shareholders slice stake in upsized secondary offering
** Shares of healthcare payments software provider Waystar WAY.O down 0.8% at $40.68 premarket** WAY on Thursday announced pricing of its upsized secondary offering of 20 million shares by co's top shareholders EQT AB EQTAB.ST, Canada Pension Plan Investment Board and Bain Capital** Offering boo...Reuters
Fri, Feb 21
Other
Sempra expected to post earnings of $1.60 a share - Earnings Preview
Sempra SRE.N, SRE is expected to show a rise in quarterly revenue when it reports results on February 25 for the period ending December 31 2024The San Diego California-based company is expected to report a 24.9% increase in revenue to $4.36 billion from $3.49 billion a year ago, according to the m...Reuters
Fri, Feb 21
Stocks
BUZZ-KBW upgrades Blue Owl Capital to 'market perform'
** KBW upgrades business development company Blue Owl Capital OBDC.N to "market perform" from "underperform" rating** OBDC provides direct lending solutions to U.S. middle-market companies** Brokerage says it's upgrading as the technical selling pressure following the merger with...Reuters
Fri, Feb 21
Stocks
Prediction: This Will Be the Top-Performing Chip Stock Over the Next 10 Years (Hint: It's Not Nvidia)
Over the last couple of years, semiconductor stocks have been some of the biggest beneficiaries of the market's newest megatrend, artificial intelligence (AI). In particular, suppliers of graphics processing units (GPUs) to data centers such as Nvidia and Broadcom have witnessed abnormally high gain...The Motley Fool
Fri, Feb 21
Stocks
1 Spectacular Tech Stock Down 81% to Buy Hand Over Fist in February
E-commerce specialist dLocal (NASDAQ: DLO) has a clear mission, and that is to "enable global merchants to connect seamlessly with billions of emerging market users." The Uruguay-based company connects merchants to more than 2 billion people in 40 countries (and counting) through more than 900 diff...The Motley Fool
Fri, Feb 21
Stocks
BUZZ-Grid Dynamics surges after Q4 beat, rosy 2025 outlook
** Shares of IT services firm Grid Dynamics GDYN.O jump 20.9% premarket to $24.76 after qtrly results and full-yr rev guidance surpass expectations** Shares could open at over three-year high, if gains hold, and set to snap four-session losing streak** San Ramon, California-based GDYN late Thurs pos...Reuters
Fri, Feb 21
Other
New Delhi says it is looking into 'deeply troubling' information about USAID activities in India
India investigates possible election-influencing activity by USAIDTrump mentions that USAID spent $21 million on Indian voter turnoutIndian Express reports on Friday funds were for Bangladesh, not India NEW DELHI, Feb 21 (Reuters) - Indian authorities are looking into "deeply troubling" i...Reuters
Fri, Feb 21
Other
Musk's X gets German judge removed in battle over election data
Elon Musk-owned X has secured a German court motion to remove a judge overseeing a legal battle between the social media giant and two activist groups over sharing election data, a court document seen by Reuters on Friday showed.Reuters
Fri, Feb 21
Stocks
BUZZ-Bernstein cuts railroad operator PTs on slow start to 2025
** Bernstein cuts PTs on rail operators, citing slower start to 2025 due to cost pressures and weather-related challenges affecting shipping activity in Q1** "The railroads have gone from being a consensus long sector to being a relatively boring group, dragged down by anemic demand and struggli...Reuters
Fri, Feb 21
Indices
DXY: Short-covering lifts USD into weekend – Scotiabank
The US Dollar (USD) is trading higher on the day overall, with yesterday’s big winner, the JPY, this morning’s big loser after Japan’s January headline CPI reflected the anticipated pick up to 4.0% Y/Y, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Fri, Feb 21
Cryptocurrencies
Grayscale’s $XRP ETF 19b-4 filing officially posted to the Federal Register, SEC approval clock starts
According to FOX News correspondent Eleanor Terret, Grayscale’s XRP exchange-traded fund (ETF) proposal has officially been posted to the Federal Register, officially starting the 240-day clock for the US Securities and Exchange Commission’s (SEC) review process. The countdown began following the SEC’s acknowledgment of the filing on February 14, and the agency now has until […]Cryptopolitan
Fri, Feb 21
Other
Polish president tells Ukraine's Zelenskiy to stick to cooperation with Trump
WARSAW, Feb 21 (Reuters) - Poland's President Andrzej Duda said on Friday that he told Ukrainian President Volodymyr Zelenskiy during a telephpone conversation to remain committed to cooperation with Donald Trump."I suggested to President Zelenskiy to remain committed to the course of calm a...Reuters
Fri, Feb 21
Stocks
Bausch Health Companies Inc reports results for the quarter ended December 31 - Earnings Summary
Bausch Health Companies Inc BHC.TO reported quarterly adjusted earnings of $1.15 per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of six analysts for the quarter was for earnings of $1.13 per share. Wall Street expected results to range fr...Reuters
Fri, Feb 21
