News
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Commodities
CBOT corn retreats from 16-month high on profit-taking
Feb 19 (Reuters) - Chicago Board of Trade corn futures finished lower on profit-taking on Wednesday, as the market retreated from a 16-month high, traders said. Expectations for an increase in U.S. corn plantings this spring hung over the market.Recent rallies are encouraging farmers to plant more a...Reuters
Wed, Feb 19
Other
US senator calls on USDOT to reverse firing of 300 FAA employees
WASHINGTON, Feb 19 (Reuters) - Democratic Senator Richard Blumenthal called on the U.S. Transportation Department on Wednesday to reverse the decision to fire more than 300 employees at the Federal Aviation Administration.The FAA on Friday fired more than 300 probationary maintenance mechanics, aero...Reuters
Wed, Feb 19
Forex
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.4231 to the greenback, or 70.27 U.S. cents, after trading in a range of 1.4176 to 1.4245.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, Feb 19
Cryptocurrencies
Pundit Who Correctly Predicted XRP Price Crash To $2.5 Says Demand Zone Will Send It Soaring
XRP’s price trajectory has had ups and downs in the past two weeks. Particularly, the large part of the past seven days was characterized by a notable decline from $2.8 to $2.5 before rebounding at this level. Interestingly, this fall towards $2.5 was highlighted by a crypto analyst on the Tra...NewsBTC
Wed, Feb 19
Cryptocurrencies
Niantic in talks for $3.5B sale of Pokémon Go to Saudi-backed Scopely
Niantic, the game studio behind Pokemon Go, is reportedly in talks to sell its entire gaming portfolio to Saudi-owned Scopely for $3.5 billion. The deal will see the Saudi-backed gaming outfit add to its rapidly expanding portfolio and increase its influence on the gaming scene.Cryptopolitan
Wed, Feb 19
Stocks
BUZZ-PREVIEW: Shake Shack shares fall; seen reporting rise in Q4 EPS, rev
** Shake Shack Inc SHAK.N shares down 2.7% on Wed in last session ahead of the fast food restaurant's Q4 report due for release before market open on Thurs ** SHAK seen reporting adj EPS of $0.25 vs $0.02 in yr-ago qtr on rev of $328.35 mln vs $286.24 mln year-ago, according to LSEG ** In last 8...Reuters
Wed, Feb 19
Stocks
BUZZ-PREVIEW: Walmart seen posting higher Q4 rev, EPS; shares flat
** Shares of Walmart WMT.N are up virtually unchanged in afternoon trading on Wed, with investors likely to consider potential tariff risks when the retailer reports quarterly results before the bell on Thurs** Analysts expect WMT to report rev of $180.01 bln vs $173.39 bln in the yr-ago period, wh...Reuters
Wed, Feb 19
Stocks
Why D-Wave Quantum Stock Is Skyrocketing Today
D-Wave Quantum (NYSE: QBTS) stock is surging higher Wednesday. The company's share price was up 13.6% as of 2:30 p.m. ET and had been up as much as 16.2% earlier in trading.D-Wave's valuation is climbing today after Microsoft unveiled its new quantum-computing chip. With today's gains, the quantum-c...The Motley Fool
Wed, Feb 19
Other
US looks at 8% defense budget cut in each of next 5 years, Washington Post reports
WASHINGTON, Feb 19 (Reuters) - The administration of President Donald Trump has ordered senior leaders at the Pentagon and throughout the U.S. military to develop plans for 8% cuts to the defense budget in each of the next five years, The Washington Post reported on Wednesday, citing a memo and offi...Reuters
Wed, Feb 19
Commodities
PRECIOUS-Gold eases as dollar holds ground, focus on Trump tariffs
Gold hit a record high of $2,946.85/oz earlier in the session Trump says he will introduce 25% tariffs on autosFed wary of inflation at its January meeting as firms eyed price hikes Updates for market closeBy Daksh Grover Feb 19 (Reuters) - Gold prices slipped after hitting a record high earlier ...Reuters
Wed, Feb 19
Other
Ukraine's Zelenskiy: I am counting on Ukraine's unity and courage and American pragmatism
Feb 19 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that he was counting on unity and courage from his compatriots and pragmatism from the United States."We are standing strong on our own two feet. I am counting on Ukrainian unity, our courage...on the unity of Europe an...Reuters
Wed, Feb 19
Cryptocurrencies
Strategy offers investors a sweeter deal as it looks to raise $2 billion
Strategy has announced that it is planning to give investors a good deal of its proposed $2 billion issue convertible debt, individuals with knowledge of the matter have revealed. Formerly known as MicroStrategy, the Michael Saylor treasury firm is marketing a 35% conversion premium on its zero-coupon convertible notes due 2030, according to the individuals […]Cryptopolitan
Wed, Feb 19
Commodities
US natgas prices jump 7% to 25-month high as cold freezes wells
Freezing wells cut US output in recent daysUS gas output still on track for record high in FebruaryUS LNG export feedgas on track for record high in FebruaryAdds latest pricesBy Scott DiSavino Feb 19 (Reuters) - U.S. natural gas futures jumped about 7% to a 25-month high on Wednesday as extreme c...Reuters
Wed, Feb 19
Cryptocurrencies
US president Trump prepares a brand new trade deal with China
President Donald Trump has launched an aggressive push for a brand-new trade deal with China, aiming to rewrite the economic relationship between the world’s two largest economies. According to a report from the New York Times, Trump wants major Chinese commitments, including increased purchases of American products and a fresh round of investment deals—all while […]Cryptopolitan
Wed, Feb 19
Commodities
International consortium wins C$3.9 billion Canada high speed train contract
Consortium wins C$3.9 billion contract for rail networkProject spans 1,000 km (620 miles) from Quebec City to TorontoTravel times expected to be halved, Montreal-Toronto in 3 hoursOTTAWA, Feb 19 (Reuters) - An international consortium including Air Canada AC.TO, AtkinsRealis Group ATRL.TO and France...Reuters
Wed, Feb 19
Stocks
US STOCKS-Wall St flutters as Fed minutes reveal concerns over Trump trade policy
Nikola falls after filing for bankruptcy protection Analog Devices gains after Q1 results beat estimatesIndexes: Dow off 0.30%, S&P 500 up 0.06%, Nasdaq up 0.03%Updates to mid-afternoonBy Stephen Culp NEW YORK, Feb 19 (Reuters) - U.S. stocks wavered between slight gains and losses on Wedn...Reuters
Wed, Feb 19
