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EnCharge AI raises over $100 million in funding to bring AI inference chips to market
By Akash SriramFeb 13 (Reuters) - Startup EnCharge AI raised more than $100 million in a Series B funding round led by Tiger Global to bring more efficient and less expensive AI chips to the market, the company said on Thursday.The company did not disclose details on valuation.EnCharge AI develops a...Reuters
Thu, Feb 13
Stocks
BUZZ-AppLovin soars to all-time high after upbeat first-quarter forecasts
Updates** Marketing software company AppLovin's APP.O shares rise as much as 38% to a record high of $525.04 in early trading** Company forecast Q1 revenue and profit above estimates after market close on Wednesday** APP expects Q1 revenue between $1.36 billion and $1.39 billion vs estimates of ...Reuters
Thu, Feb 13
Stocks
BUZZ-Hertz falls after missing fourth quarter results estimates
** Car rental company Hertz Global Holdings' shares HTZ.O fall 9.3% to $3.86 in early trading** Hertz posted lower-than-expected quarterly loss and revenue amid a vehicle fleet rotation aimed at normalizing depreciation costs** Fleet rotation is expected to complete by year-end** Q4 adj. loss $1...Reuters
Thu, Feb 13
Other
USAID environmental funding worth $70 mln frozen in Colombia, minister says
By Oliver GriffinBOGOTA, Feb 13 (Reuters) - Funding worth $70 million for environment and conservation projects from the U.S. Agency for International Development (USAID) have been frozen in Colombia after President Donald Trump moved to gut the organization, the Andean country's environment min...Reuters
Thu, Feb 13
Stocks
Walker & Dunlop: Revenue Soars 24.5%
Walker & Dunlop (NYSE:WD), a commercial real estate finance company, released its fourth-quarter 2024 earnings on Feb. 13, 2025. The results highlighted its significant strides in revenue and transaction volumes. The company reported a total revenue of $341.5 million, surpassing the analyst estimate...The Motley Fool
Thu, Feb 13
Stocks
BUZZ-HanesBrands falls on quarterly sales miss and weak annual forecasts
Updates** Apparel maker HanesBrands' HBI.N shares fall 22.9% to $5.9 ** Co posts fourth quarter net sales of $888.4 million, missing analysts' expectations of $950.3 million, according to data compiled by LSEG** Forecasts annual sales between $3.47 billion and $3.52 billion, below estimates ...Reuters
Thu, Feb 13
Stocks
BUZZ-Dutch Bros rises on quarterly sales, profit beat
Updates** Beverage shop chain Dutch Bros' BROS.N shares up 29.6% at $84.03** Company forecasts annual total revenues in a range of $1.55 billion and $1.57 billion, the midpoint of which is above estimates of $1.56 billion, as per data compiled by LSEG** Co's fourth-quarter net revenues rise ...Reuters
Thu, Feb 13
Other
US judge clears the way for tens of thousands of federal workers to take Trump buyout
Corrects date through which salaries would be paid in paragraphs 2, 20Ruling a setback to unions trying to stop unprecedented buyoutJudge says unions lack legal standing to challenge programDecision could clear way for buyout to be swiftly wrapped upBy Nate Raymond and Karen Freifeld BOSTON/WASHI...Reuters
Thu, Feb 13
Commodities
Ukraine drones hit Russia's Andreapol oil pumping station, Kyiv source says
KYIV, Feb 13 (Reuters) - A Ukrainian drone attack struck Russia's Andreapol oil pumping station overnight, causing oil products to spill and starting a fire, a source in the Security Service of Ukraine said on Thursday. The Russian defence ministry said earlier that its air defences had engaged ...Reuters
Thu, Feb 13
Other
Deals of the day-Mergers and acquisitions
Adds: Vouch, Steven Madden, Renewi Updates: PFRFeb 13 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Thursday: ** Startup-focused insurtech Vouch has sealed a first close on an Allegis Capital-led Series D funding round and also signed a definit...Reuters
Thu, Feb 13
Stocks
STMicroelectronics upgraded to Equal Weight at M.Stanley on recovery expectations
Investing.com -- Morgan Stanley (NYSE:MS) upgraded STMicroelectronics NV ADR (NYSE:STM) to Equal Weight from Underweight.Despite ongoing challenges with margins and visibility on demand, partiInvesting.com
Thu, Feb 13
Stocks
Is DeepSeek's Breakthrough Really a Disaster For Nvidia Stock?
We are constantly reminded not to get too comfortable in the world of investing. When things seem to chug along on autopilot, an innovation shakes things up. A recent example is the late 2022 release of the original ChatGPT, which thrust artificial intelligence (AI) into the forefront and set off a ...The Motley Fool
Thu, Feb 13
Commodities
Trump aims for fair trade deal with India this year
WASHINGTON, Feb 13 (Reuters) - The Trump administration wants to bring down the U.S. trade deficit with India and hopes to have a fair bilateral trade deal with New Delhi in place in 2025, Trump administration officials said ahead of a summit between President Donald Trump and Indian Prime Minister ...Reuters
Thu, Feb 13
Stocks
Canadian investors add gold, uranium stocks as trade war risk grows
Canada sends 75% of its exports to the USToronto market's materials sector up nearly 15% this yearCanadian dollar has been hit hard by trade uncertaintyBy Fergal Smith TORONTO, Feb 13 (Reuters) - As the threat of a trade war grows, Canadian investors are seeking protection in gold and in shar...Reuters
Thu, Feb 13
Commodities
Nutrien's Brazil unit will sell fertilizer blending plants in the country - statement
SAO PAULO, Feb 13 (Reuters) - The Brazilian unit of Nutrien NTR.TO said it will sell its fertilizer blending plants in the country, according to a statement sent to Reuters on Thursday.Nutrien said as part of the global business optimization strategy, the company decided to discontinue its fertilize...Reuters
Thu, Feb 13
Stocks
CBRE Group Q4 EPS Surges Past Estimates
Commercial real estate services specialist CBRE Group (NYSE:CBRE) reported fourth-quarter and full-year 2024 earnings on Thursday, Feb. 13, that topped analysts' consensus expectations. Adjusted earnings per share (EPS) of $2.32 surpassed the expected $2.23 and jumped an impressive 68% from Q4 2023....The Motley Fool
Thu, Feb 13
Stocks
REFILE-BUZZ-Moody's rises on better-than-expected annual profit forecast
Corrects to add dropped words 'annual profit' in headline** Ratings agency Moody's Corp's MCO.N shares rise over 3.1% to $521.15 in premarket trading** Co forecasts 2025 adj profit between $14.00 per share and $14.50 per share, beating analysts' estimate of $13.58 per share, acco...Reuters
Thu, Feb 13
Cryptocurrencies
Vitalik Buterin pitches Railgun model as privacy and fraud pre-screening solution
Railgun received another endorsement from Vitalik Buterin, after achieving some of its most successful months. The mixer aims to offer complete services for DeFi with an added layer of confidentiality.Cryptopolitan
Thu, Feb 13
Other
Price Forbes Türkiye continues build-out with Eryaşar hire
By Ryan HewlettFeb 13 - (The Insurer) Ardonagh Group-owned specialty broker Price Forbes has continued the build-out of its Turkish operation with the appointment of Ercan Eryaşar as chief sales officer of Price Forbes Türkiye.Eryaşar brings 29 years of industry experience to this newly created role...Reuters
Thu, Feb 13
Cryptocurrencies
Bitcoin Dips Below $95K as January CPI Data Shows Increasing Inflation. Can $MEMEX 100x?
The January US CPI data is in, and it’s not what the market anticipated. Consumer prices surged by 0.5% in the first month of 2025, exceeding the expected 0.3% increase. On a year-over-year basis, CPI rose 3%, slightly above the forecasted 2.9% and higher than December’s 2.9% reading. The unexpected...NewsBTC
Thu, Feb 13
