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Targa Resources Corp reports results for the quarter ended December 31 - Earnings Summary
Targa Resources Corp TRGP.N reported quarterly adjusted earnings of $1.46 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.26. The mean expectation of fifteen analysts for the quarter was for earnings of $1.91 per share. Wall...Reuters
Thu, Feb 20
Cryptocurrencies
Pig butchering scams rob investors of $5.5B, possibly the biggest threat to retail investors
Onchain security firm Cyvers revealed that pig butchering scams were one of the most pervasive threats to crypto investors, with losses reaching $5.5 billion in 2024. The report also indicated that pig butchering scams scammed investors in 200,000 identified cases last year.Cryptopolitan
Thu, Feb 20
Commodities
PRECIOUS-Gold prices soar to record high fueled by safe-haven demand
Safe-haven gold has risen 12% so far this yearHits all-time high of $2,954.69/oz, tenth record this yearAnalyst says fundamental factors remain very supportiveUpdates prices as of 1731 GMTBy Anmol Choubey Feb 20 (Reuters) - Gold prices surged to a record high on Thursday, as fears of a global tra...Reuters
Thu, Feb 20
Commodities
Trump's aluminium tariffs to hit 123 products including chip equipment, Nikkei reports
Feb 21 (Reuters) - The additional U.S. tariffs on aluminium set to take effect on March 12 will cover 123 products including chipmaking equipment parts and aircraft components, Nikkei reported late on Friday.The items subject to the new tariffs have now been identified through an analysis of the Fed...Reuters
Thu, Feb 20
Cryptocurrencies
SEC approves first interest-bearing stablecoin, YLDS, with 0.5% yield
The Securities and Exchange Commission (SEC) has approved YLDS, making it the first-ever interest-bearing stablecoin registered as a security in the United States, according to a report from Fortune. The YLDS stablecoin, launched by Figure Markets, will be pegged to the US dollar and offer users a 0.5% yield, which puts it in direct competition […]Cryptopolitan
Thu, Feb 20
Commodities
Med crude-Urals differentials unchanged, Russia's primary idle refining capacity revised up for February
MOSCOW, Feb 20 (Reuters) - Urals crude differentials to dated Brent remained steady on Thursday, while Russia's primary oil refining capacity was revised up from the previous estimation, the data showed.Russia's offline primary oil refining capacity in February was revised up 82% from the in...Reuters
Thu, Feb 20
Other
Canada lists 7 criminal organizations as terrorist entities, minister says
Feb 20 (Reuters) - Canada's public safety minister on Thursday said the country has listed seven transnational criminal organizations as terrorist entities."These listed entities are organized crime groups that spread fear in local populations by using methods of extreme violence, and are kn...Reuters
Thu, Feb 20
Commodities
Pipeline operator Targa forecasts core profit above estimates on boost in gas volumes
Adds details and analyst comment in paragraphs 5-8, adds shares in paragraph 7By Pooja Menon Feb 20 (Reuters) - Targa Resources TRGP.N forecast full-year adjusted core profit above analysts' expectations on Thursday, helped by higher volumes of natural gas and liquids transported through its...Reuters
Thu, Feb 20
Other
ANALYSIS-Trump tightens grip on independent agencies to test limits of presidential power
Trump targets independent agencies' autonomyCritics call it an unprecedented power grabChallenge to legal precedents sparks US debateBy Trevor Hunnicutt, Tom Hals and Jody Godoy WASHINGTON, Feb 20 (Reuters) - Testing the limits of presidential power, Donald Trump this week tightened his grip ...Reuters
Thu, Feb 20
Other
Eli Lilly bets big on weight-loss pill with $550 million inventory stockpile
By Sriparna Roy Feb 20 (Reuters) - Eli Lilly LLY.N is betting big on its experimental oral weight-loss drug even before reporting data from its late-stage trial by recording nearly $550 million in "pre-launch inventory" in its financial statements, a filing showed on Wednesday. The mov...Reuters
Thu, Feb 20
Other
NBA-Bucks' Portis Jr handed 25-game suspension after positive drug test
Adds quote from Portis Jr's agencyBy Rohith NairFeb 20 (Reuters) - The NBA suspended Milwaukee Bucks forward Bobby Portis Jr without pay for 25 games on Thursday after he tested positive for banned substance Tramadol, a pain medication the 30-year-old said he took by mistake.The NBA said Portis ...Reuters
Thu, Feb 20
Commodities
US opens probe into whether to rescind $4 billion in California high speed rail grants
WASHINGTON, Feb 20 (Reuters) - The Trump administration said Thursday it is opening a review into whether to rescind about $4 billion awarded to California's High-Speed Rail project.Voters approved $10 billion for the high speed rail project in 2008 but the costs have risen sharply and President...Reuters
Thu, Feb 20
Other
Venezuelans sue in US to challenge Trump's end to deportation protections
By Nate Raymond Feb 20 (Reuters) - A group of Venezuelans filed a U.S. lawsuit challenging the Trump administration's decision to end temporary protections against deportation for hundreds of thousands of immigrants from Venezuela living in the United States.The lawsuit was filed on Wednesday...Reuters
Thu, Feb 20
Other
Target sued by Florida for defrauding shareholders about DEI
Florida is first state to sue Target over DEI share impact2023 Pride Month campaign prompted customer flightTarget has said it disclosed risks of social initiativesAdds Florida comments, Target comments, earlier litigation, share price and financial information, case citation, bylineBy Jonathan Stem...Reuters
Thu, Feb 20
Other
Congo army runaways loot and sow panic in North Kivu town
Soldiers given 12 hours to return to postsResidents describe chaos amid front line desertionsCongo army reeling from loss of territoryFinance ministry launches solidarity fund for donations Feb 19 (Reuters) - The Congolese army called on deserters to rejoin their units on Thursday, as rogue soldi...Reuters
Thu, Feb 20
Commodities
Sentinel Midstream eyes final investment decision for US oil export project
Sentinel Midstream says conditions for government license are straightforwardTrump administration supports faster project approvals for energy industryTexas GulfLink aims to complement Corpus Christi export facilitiesBy Arathy Somasekhar HOUSTON, Feb 20 (Reuters) - Oil transportation and storage ...Reuters
Thu, Feb 20
Cryptocurrencies
Zelenskyy blocks Trump’s Truth Social network across Ukraine
Multiple reports on social media say US President Donald Trump’s social media platform, Truth Social, has been shut down in Ukraine. The app’s countrywide block comes on the backdrop of Trump calling Ukrainian President Zelenskyy a “dictator without elections.” Through a Truth Social post on Wednesday, Donald Trump took a few digs at Zelenskyy, accusing […]Cryptopolitan
Thu, Feb 20
