News
Important Only
Economic Indicator
Fed's Powell heads back to Congress as data shows inflation jump in January
Energy, food, shelter prices increasedPowell appears before House Financial Services CommitteeTraders pare bets on Fed cutsAdds Powell comments in paragraphs 2-3By Howard Schneider WASHINGTON, Feb 12 (Reuters) - Federal Reserve Chair Jerome Powell repeated on Wednesday that the central bank is in...Reuters
Wed, Feb 12
Economic Indicator
TREASURIES-US yields leap as strong inflation affirms extended rate-cut pause
US 10-year yield hits three-week high US two-year yield rises to highest since mid-JanuaryUS yield curve steepens, investors continue to sell long endAdds new comment, bullets, updates pricesBy Gertrude Chavez-Dreyfuss NEW YORK, Feb 12 (Reuters) - U.S. Treasury yields bounced on Wednesday after i...Reuters
Wed, Feb 12
Economic Indicator
Time to move on leverage ratio for large banks, Powell says
Feb 12 (Reuters) - It is time for the Federal Reserve to act on easing the enhanced leverage requirement for the largest U.S. banks in order to allow those institutions to be more active participants in the U.S. Treasury market, Fed Chair Jerome Powell said on Wednesday.Reuters
Wed, Feb 12
Other
Israel has US backing to remain beyond ceasefire date in Lebanon, Israeli TV says
CAIRO, Feb 12 (Reuters) - Israel said that the United States has authorised it to remain at several points in Lebanon beyond the agreed date for its full withdrawal, Israel's public broadcaster Kan TV said on Wednesday, citing senior cabinet officials.The date for the Israeli army's withdraw...Reuters
Wed, Feb 12
Other
Bessent says minerals deal could leave Ukraine with 'security shield' after the war
KYIV, Feb 12 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that a critical minerals deal between Kyiv and Washington could leave Ukraine with "a security shield" once the war with Russia is over.He made the remark at a press conference in Kyiv, during a visit he describ...Reuters
Wed, Feb 12
Other
Mapfre calls for updated CCS wordings after €34mn Valencia flood loss
By Rebecca DelaneyFeb 12 - (The Insurer) - Spanish insurer Mapfre has disclosed that its fourth quarter earnings included a €34mn ($35.2mn) net impact from the floods that affected Valencia in October 2024.The group’s Iberian business recorded a €27mn hit, with €7mn borne by Mapfre Re, the company d...Reuters
Wed, Feb 12
Other
Egyptian president and king of Jordan agree that Gaza should be rebuilt without displacing Palestinians, Egypt's presidency says
CAIRO, Feb 12 (Reuters) - Egyptian President Abdel Fattah al-Sisi and Jordanian King Abdullah said that Gaza should be rebuilt without displacing Palestinians, Egypt's presidency said in a statement reporting a phone call between the two on Wednesday.U.S. President Donald Trump has continued to ...Reuters
Wed, Feb 12
Other
Dominion Energy's data center growth continues to accelerate
Adds CEO comments in paragraph 3, shares in paragraph 7, details and background throughout Feb 12 (Reuters) - Dominion Energy D.N raised its five-year capital expenditure plan on Wednesday as electricity demand from data centers in its Virginia market continues to accelerate. The Richmond, Vir...Reuters
Wed, Feb 12
Stocks
Why Intel Stock Popped on Wednesday
Intel (NASDAQ: INTC) stock is getting a lift Wednesday from some interesting commentary out of investment banker R.W. Baird.Writing about rumors out of Asia Wednesday morning, Baird analyst Tristan Gerra said there are "discussions from the Asia supply chain" regarding a potential tie-up between Int...The Motley Fool
Wed, Feb 12
Other
AIG says rate is outpacing loss cost trends in US casualty
By David BullFeb 12 - (The Insurer) - AIG has reassured investors that its rate increases in North America casualty lines are outpacing loss cost trends, and also revealed that it has reallocated around $150mn to reduce its so-called “uncertainty provision” in excess workers’ compensation to excess ...Reuters
Wed, Feb 12
Stocks
Massive Autonomous Driving News That Could Disrupt Tesla's Robotaxi Ambitions
Lyft (NASDAQ: LYFT) is taking big steps toward getting autonomous vehicles on the road as early as next year with the help of Mobileye's (NASDAQ: MBLY) technology. The companies are working together to enable individuals and fleet owners to own autonomous vehicles and make money on the Lyft network,...The Motley Fool
Wed, Feb 12
Other
Zelenskiy says he hopes to reach minerals deal with US in Munich this week
KYIV, Feb 12 (Reuters) - President Volodymyr Zelenskiy said he hoped to reach a deal on critical minerals with the United States at the Munich Security Conference later this week after a top U.S. official presented him with a first draft agreement in Kyiv on Wednesday. Zelenskiy told a joint news co...Reuters
Wed, Feb 12
Cryptocurrencies
Ethereum $2,650 Price Pressure Signals Solana Woes Next Month: Why Are So Many People Picking Panshibi (SHIBI) To Boost Portfolios?
Ethereum price struggles to hold $2,650, raising concerns about broader market trends. Analysts warn Solana could face similar pressure next month as volatility increases. Amid uncertainty, investors are turning to Panshibi (SHIBI) for potential gains. With strong presale momentum and a growing community, SHIBI offers a fresh opportunity for portfolio growth. As market conditions shift, […]Cryptopolitan
Wed, Feb 12
Other
REFILE-Warburg strikes $1 billion deal for software firm Vermont Information Processing, sources say
Corrects typo in paragraph 4By Milana VinnFeb 12 (Reuters) - Buyout firm Warburg Pincus has clinched a deal to acquire Vermont Information Processing, which makes software for beverage distributors, for about $1 billion including debt, according to people familiar with the matter.The deal has been s...Reuters
Wed, Feb 12
Other
Tennis-US Open mixed doubles champions criticise format changes
Adds USTA statement Feb 12 (Reuters) - The U.S. Open's revamped mixed doubles format is a "profound injustice" that disrespects the players, reigning champions Sara Errani and Andrea Vavassori have said.On Tuesday, the year's last Grand Slam announced that the mixed doubles compet...Reuters
Wed, Feb 12
Economic Indicator
US crude stockpiles build on ongoing refinery maintenance, EIA says
Adds analyst comment, data from reportBy Liz Hampton and Arathy SomasekharDENVER, Feb 12 (Reuters) - U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw, the Energy Information Administration (EIA) said on Wednesday.Crude inve...Reuters
Wed, Feb 12
Other
Carriers change tactics to fight back against proliferating privacy class actions
By Isha MaratheFeb 12 - (The Insurer) - Insurers and their counsel are taking an offensive stance against what they see as a lucrative privacy litigation landscape for a zealous plaintiff's bar, they said at the NetDiligence Cyber Risk Summit 2025. The increased regulatory attention on data pri...Reuters
Wed, Feb 12
