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Cryptocurrencies
Block's profit misses estimate as holiday spending, bitcoin gains fall short
Adds CEO quote in paragraph 5, updates shares Feb 20 (Reuters) - Block's XYZ.N fourth-quarter profit fell short of estimates as spending growth during the holiday season and gains from a post-election surge in bitcoin lagged expectations, sending the payment firm's shares down 8% in exten...Reuters
Thu, Feb 20
Cryptocurrencies
Russian authorities unblock website of crypto exchange data aggregator BestChange
The Russia-based crypto website BestChange is accessible once again. The website aggregates exchange information and may have been blocked for violating a law on advertising passed last year. The BestChange website was blocked on Feb. 10 without warning and added to the list of banned websites maintained by Roskomnadzor, the federal communications authority. It was […]Cryptopolitan
Thu, Feb 20
Commodities
GRAINS-Soy futures rebound amid South America crop concerns
Adds closing prices in paragraphs 7, 8 and 12; US planting estimates in paragraph 9By Tom Polansek CHICAGO, Feb 20 (Reuters) - Chicago Board of Trade soybean futures rose on Thursday, recouping losses from the previous session with support from lingering concerns about poor crop weather in South ...Reuters
Thu, Feb 20
Economic Indicator
Fed's Kugler on assessing inflation impact of tariffs: 'we have to wait'
Feb 20 (Reuters) - Federal Reserve Governor Adriana Kugler on Thursday said tariffs could put upward pressure on prices, but how much is not certain, given the policies themselves are not yet clear, nor the degree to which higher import prices will be passed on to consumers."We're looking at...Reuters
Thu, Feb 20
Other
Exclusive: RSUM adds RB Jones’ Engel to lead marine and energy MGUs
By Chris MunroFeb 20 - (The Insurer) - Ryan Specialty Underwriting Managers (RSUM) has added to its senior ranks with the hire of RB Jones’ senior vice president and managing director Mark Engel.In his new role, Engel will be tasked with overseeing the operations of RSUM’s seven marine and energy-fo...Reuters
Thu, Feb 20
Other
BRIEF-Block Exec Says Bitcoin Mining Initiatives Expected To Benefit Growth In Second Half Of Year
Feb 20 (Reuters) - Block XYZ.N:BLOCK EXEC SAYS EXPECT TO REMAIN BELOW HEADCOUNT CAP FOR FORESEEABLE FUTURE - CONF CALLBLOCK EXEC SAYS BITCOIN MINING INITIATIVES EXPECTED TO BENEFIT GROWTH IN SECOND HALF OF YEARFurther company coverage: XYZ.NReuters
Thu, Feb 20
Commodities
Riyadh Air CEO says airline supply chain issues starting to improve
By David French MIAMI, Feb 20 (Reuters) - Supply chains for major planemakers Boeing BA.N and Airbus AIR.PA are showing signs of moderate improvement, the chief executive of Saudi start-up Riyadh Air said on Thursday.Securing adequate parts, for both new and existing planes, has been a major prob...Reuters
Thu, Feb 20
Other
South Korea requests exemption from US reciprocal, steel and aluminium tariffs -industry ministry
SEOUL, Feb 21 (Reuters) - South Korean officials have requested an exemption from U.S. reciprocal, steel and aluminium tariffs during their visit this week to Washington, the industry ministry said in a statement on Friday.Reuters
Thu, Feb 20
Other
Horse racing-US horse racing deaths fell in 2024, regulator says
By Rory CarrollFeb 20 (Reuters) - Racing-related horse fatalities at racetracks subject to federal rules fell below a rate of one horse per 1,000 starts in 2024, regulators said on Thursday, but animal rights activists said more work still needs to be done. The 47 racetracks across 19 states operati...Reuters
Thu, Feb 20
Other
Spirit Airlines gets court approval for $795 million debt deal
Adds comment from Spirit Airlines CEO, paragraph 4By Dietrich Knauth NEW YORK, Feb 20 (Reuters) - A U.S. bankruptcy judge on Thursday approved Spirit Airlines' SAVEQ.PK debt restructuring, clearing the budget airline to convert $795 million in debt to equity and emerge from bankruptcy as a pr...Reuters
Thu, Feb 20
Commodities
US refiners mull switch to alternative lighter crudes amid Trump tariff fears
Marathon Petroleum, HF Sinclair, Delek say could pivot to alternative crudesTariffs on Canada, Mexico would boost feedstock cost, squeeze refiner margins furtherMajority of US refinery capacity slated to run cheaper heavy Canadian, Mexican crudeAnalysts see inland refiners sticking with current heav...Reuters
Thu, Feb 20
Other
BMW sees no need for special deal to avoid US tariffs, executive says
BMW biggest car exporter from the U.S. by value - executive saysLarge U.S. plant gives scope for more local production if neededTech for 'Neue Klasse' EV series to be made in Germany, AustriaBy Victoria Waldersee LANDSHUT, Germany, Feb 21 (Reuters) - BMW BMWG.DE does not see the need to n...Reuters
Thu, Feb 20
Cryptocurrencies
Ethereum Could Target $3,000 Once It Breaks Current Supply Levels – Analyst
Ethereum has experienced a prolonged consolidation below key resistance levels, struggling to find momentum as it continues to trade sideways. The price has been closing between $2,650 and $2,750 for the past week, creating uncertainty in the short term. With ETH facing selling pressure and unable t...NewsBTC
Thu, Feb 20
Economic Indicator
RBA’s Bullock: Board remains cautious about prospects for further policy easing
Reserve Bank of Australia Governor Michele Bullock said late Thursday that the central projection suggests that if monetary policy is eased too quickly or by too much, disinflation could stall and inflation would settle above the midpoint.Fxstreet
Thu, Feb 20
Stocks
CTO Realty Growth Inc reports results for the quarter ended December 31 - Earnings Summary
CTO Realty Growth Inc CTO.N reported a quarterly adjusted loss of 56 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of four analysts for the quarter was for earnings of one cent per share. W...Reuters
Thu, Feb 20
Other
Fourth quarter profits for Brazil's B3 up 29%, in line with expectations
SAO PAULO, Feb 20 (Reuters) - Brazil's main stock exchange operator B3 B3SA3.SA posted on Thursday a 28.7% increase in its fourth-quarter net profit from a year earlier to reach 1.18 billion reais ($207 million).The net profit for the quarter that ended last December closely matched what analyst...Reuters
Thu, Feb 20
Stocks
Why BioMarin Pharmaceutical Stock Zoomed Almost 5% Higher Today
BioMarin Pharmaceutical (NASDAQ: BMRN) was a lively stock in the best way on Thursday following the release of its latest set of quarterly results. Enthusiastic investors traded the company's shares up by nearly 5% in price, contrasting quite sharply with the 0.4% decline of the S&P 500 index on the...The Motley Fool
Thu, Feb 20
Stocks
Guardant Health Tops Q4 Revenue Forecast
Guardant Health (NASDAQ:GH), a leader in precision oncology testing, announced its fourth-quarter results on Feb. 20. Total revenue rose 30% year over year to $201.8 million, outpacing analysts' consensus estimates of $192 million. On the bottom line, it booked a non-GAAP loss of $0.62 per share, n...The Motley Fool
Thu, Feb 20
Stocks
World Kinect Corp reports results for the quarter ended December 31 - Earnings Summary
World Kinect Corp WKC.N reported quarterly adjusted earnings of 62 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of five analysts for the quarter was for earnings of 50 cents per share. Wa...Reuters
Thu, Feb 20
Stocks
Why AppLovin Stock Crashed on Thursday
App-based advertising technology middleman AppLovin (NASDAQ: APP) certainly wasn't feeling any love from the market on Thursday. In fact, investors were outright hating it. Shares closed the day down 9%, peeling back from a recently reached record high.What gives? A short-seller's claim that the in-...The Motley Fool
Thu, Feb 20
