News
Important Only
Other
Rivian forecasts dour deliveries as demand hits speed bump
By Akash Sriram Feb 20 (Reuters) - Rivian RIVN.O forecast an unexpected drop in deliveries for the year as higher borrowing costs and growing preference for gasoline-electric hybrid vehicles temper demand for its more expensive electric pickup trucks and SUVs.The company, however, reported its fi...Reuters
Thu, Feb 20
Other
Nubank posts 87% increase in fourth-quarter adjusted profit
SAO PAULO, Feb 20 (Reuters) - Brazilian digital lender Nubank NU.N posted on Thursday an 87% increase in its fourth-quarter adjusted net profit from a year earlier. Nubank, which is listed on the New York Stock Exchange through Nu Holdings NU.N, reported an adjusted net profit of $610 million for th...Reuters
Thu, Feb 20
Other
MercadoLibre's fourth-quarter net profit beats forecast
SAO PAULO, Feb 20 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O posted on Thursday a better-than-expected quarterly net profit, up nearly four-fold from the same period a year earlier.MercadoLibre, Latin America's largest company by market value, said its net income for the Oct...Reuters
Thu, Feb 20
Other
Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion, WSJ reports
Adds details from report, background in paragraphs 4-6 Feb 20 (Reuters) - Billionaire investor Ryan Cohen has grown his personal stake in Chinese e-commerce giant Alibaba Group 9988.HK to roughly $1 billion in recent months, the Wall Street Journal reported on Thursday, citing people familiar wit...Reuters
Thu, Feb 20
Stocks
Montrose Environmental Group Announces the Appointment of Vincent Colman to Board of Directors and Audit Committee
LITTLE ROCK, Ark., Feb. 21, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (NYSE: MEG), a global environmental solutions company, announced the appointment of Mr. Vincent Colman to its Board of Directors and Audit Committee effective February 19, 2025. "The addition of Mr. Colm...PR Newswire
Thu, Feb 20
Stocks
US STOCKS-Wall St ends lower as weak Walmart guidance prompts consumer demand worries
US-listed shares of Alibaba gain after Q3 revenue beatBaxter International jumps on consensus-beating estimatesPalantir Technologies drops on potential Pentagon budget cutsUpdates to market closeBy Stephen Culp NEW YORK, Feb 20 (Reuters) - U.S. stocks sold off on Thursday as ongoing tariff jitter...Reuters
Thu, Feb 20
Cryptocurrencies
ADA Price Prediction: Latest Cardano News As $0.01 Rival Altcoin Becomes February’s Top Crypto to Buy
Cardano (ADA) is gaining attention after Grayscale filed for a spot ADA ETF, signaling institutional interest. This pushed cardano to $0.81, though it now trades at $0.74. Analysts predict ADA could reach $1.78 soon, with long-term targets between $3.11 and $3.30 if adoption grows. At the same time, Mutuum Finance (MUTM) is emerging as a […]Cryptopolitan
Thu, Feb 20
Other
US airlines challenge Biden wheelchair passenger protection rule
WASHINGTON, Feb 20 (Reuters) - Major U.S. airlines and a trade association have challenged a Biden administration rule issued in December requiring new consumer protections for disabled passengers using wheelchairs.United Airlines UAL.O, Delta Air Lines DAL.N, American Airlines AAL.O, Southwest Airl...Reuters
Thu, Feb 20
Other
Trump administration can continue mass firings of federal workers, US judge rules
By Jack Queen and Daniel Wiessner Feb 20 (Reuters) - The Trump administration can for now continue its mass firings of federal employees, a federal judge ruled on Thursday, rejecting a bid by a group of labor unions to halt President Donald Trump’s dramatic downsizing of the roughly 2.3 million-s...Reuters
Thu, Feb 20
Other
Trump meets Tiger Woods as part of PGA Tour-LIV Golf talks
By Steve Holland WASHINGTON, Feb 20 (Reuters) - President Donald Trump met on Thursday with golfing legend Tiger Woods as part of efforts to resolve a schism in professional golf between the PGA Tour and upstart LIV Golf, a person briefed on the talks said.The person had no further details on the...Reuters
Thu, Feb 20
Other
US House speaker sees 'no appetite' for another Ukraine funding bill
WASHINGTON, Feb 20 (Reuters) - U.S. Speaker of the House Mike Johnson said on Thursday that there is "no appetite" for another funding bill for Ukraine."There's no appetite for that," Johnson told Newsmax during the Conservative Political Action Conference (CPAC). "We have to...Reuters
Thu, Feb 20
Other
OpenAI must face part of Intercept lawsuit over AI training
Adds comment from The Intercept in paragraph 5By Blake Brittain Feb 20 - Artificial intelligence giant OpenAI lost a bid on Thursday to dismiss a lawsuit in New York federal court alleging it misused news articles published by The Intercept to train its popular chatbot ChatGPT.U.S. District Judge...Reuters
Thu, Feb 20
Other
EEOC must face states' challenge to Biden-era rule on abortion protections
By Daniel Wiessner Feb 20 (Reuters) - A U.S. appeals court on Thursday revived a lawsuit by 17 Republican-led states challenging a U.S. Equal Employment Opportunity Commission rule that gives workers who have abortions the same legal protections as those who are pregnant or recently gave birth.A ...Reuters
Thu, Feb 20
Other
Billionaire investor Ryan Cohen boosts stake in Alibaba to $1 billion, WSJ reports
Feb 20 (Reuters) - Billionaire investor Ryan Cohen has in recent months grown his personal stake in Chinese e-commerce giant Alibaba Group 9988.HK to roughly $1 billion, or about 7 million shares, the Wall Street Journal reported on Thursday.Reuters
Thu, Feb 20
Other
Citigroup joins corporate retreat from diversity initiatives
Feb 20 (Reuters) - Citigroup C.N will no longer require a diverse slate of candidates for job interviews, its CEO said in a memo on Thursday, as corporate America contends with a new business climate under President Donald Trump.The bank will not have "aspirational representation goals" exce...Reuters
Thu, Feb 20
Stocks
Americold Realty Trust Inc reports results for the quarter ended December 31 - Earnings Summary
Americold Realty Trust Inc COLD.N reported a quarterly adjusted loss of 13 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -80 cents. The mean expectation of five analysts for the quarter was for earnings of 9 cents per s...Reuters
Thu, Feb 20
Cryptocurrencies
This small Kansas town lost millions to a crypto scam, still can’t recover
Heartland Tri-State Bank was the financial backbone of Elkhart, Kansas, a town of just 1,900 people where trust was everything. That trust collapsed in July 2023 when bank president Shan Hanes funneled $47.1 million into crypto, only for it to vanish into overseas wallets. The bank collapsed. The town was left in financial ruin. And […]Cryptopolitan
Thu, Feb 20
