News
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Commodities
China hawk to be picked for key US Commerce Dept job, sources say
By Karen FreifeldFeb 12 (Reuters) - President Donald Trump plans to nominate Landon Heid, who served on the staff of the House of Representatives' Select Committee on China, for a key post in the U.S.-China tech battle, according to people familiar with the matter.Heid, a China hawk who helped s...Reuters
Wed, Feb 12
Other
BRIEF-Suger Raises $15 Million Series A
Feb 12 (Reuters) - SUGER RAISES $15 MILLION SERIES A TO AUTOMATE WORKFLOWS FOR B2B MARKETPLACESSUGER.IO: FUNDING ROUND LED BY THRESHOLD VENTURES WITH PARTICIPATION FROM EXISTING INVESTORS CRAFT VENTURES, INTEL CAPITAL, AND Y COMBINATORSource text: ID:nBw15Mt1taFurther company coverage: [ ]Reuters
Wed, Feb 12
Other
BRIEF-Certain Nano Surface Technology Assets Developed By Nanovis Acquired By Medtronic
Feb 12 (Reuters) - Medtronic PLC MDT.N:NANOVIS: CERTAIN NANO SURFACE TECHNOLOGY ASSETS DEVELOPED BY NANOVIS HAVE BEEN ACQUIRED BY MEDTRONICSource text: ID:nPn14RywHaFurther company coverage: MDT.NReuters
Wed, Feb 12
Other
BRIEF-Tempur Sealy Names Scott Thompson As New Interim CEO Of Mattress Firm
Feb 12 (Reuters) - Tempur Sealy International Inc TPX.N:TEMPUR SEALY: NEW INTERIM CEO OF MATTRESS FIRM, SCOTT THOMPSONTEMPUR SEALY: JOHN ECK HAS DECIDED TO STEP DOWN AS CHIEF EXECUTIVE OFFICER OF MATTRESS FIRMSource text: ID:nPn54GG61aFurther company coverage: TPX.NReuters
Wed, Feb 12
Stocks
GLOBAL MARKETS-Stocks tumble, dollar rallies as US inflation heats up
Futures rally, Treasuries sell offU.S. January consumer inflation picks up more than forecastGold falls as dollar gainsBy Amanda Cooper LONDON, Feb 12 (Reuters) - U.S. stock futures tumbled and the dollar rose on Wednesday after data showed consumer inflation picked up more than expected in Janua...Reuters
Wed, Feb 12
Cryptocurrencies
When Will The Ripple Lawsuit End? Lawyer Predicts SEC’s Next Move
The lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC) may be poised for a significant turning point under the agency’s new leadership. With Donald Trump once again occupying the White House, Paul Atkins has been nominated as the new SEC Chairman, succeeding Gary Gensler. I...Bitcoinist
Wed, Feb 12
Cryptocurrencies
Bitcoin OTC Balances Decline, Raising Market Supply Questions
Bitcoin has experienced a challenging period recently, with its price consistently declining over the past several days. After failing to maintain its position above the six-figure mark, the leading cryptocurrency now trades below $97,000. At the time of writing, BTC trades at a price of $96,939, ma...NewsBTC
Wed, Feb 12
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 0.3% lower at C$1.4329 to the greenback, or 69.79 U.S. cents, after trading in a range of 1.428 to 1.4339.Canadian government 10-year bond yields CA10YT=RR...Reuters
Wed, Feb 12
Stocks
Billionaire Bill Ackman Just Revealed His Newest Position. Here's Why I Think the Stock Is a Screaming Buy.
On Friday, Feb. 7, hedge fund manager Bill Ackman took to social media platform X (formerly Twitter) to reveal his firm's newest stock position. This is quite unusual, as investors typically need to wait until institutional investors publish a Form 13F following the end of a quarter to see which sto...The Motley Fool
Wed, Feb 12
Other
Adobe launches AI video tool to compete with OpenAI
By Stephen NellisFeb 12 (Reuters) - Adobe on Wednesday released the first public version of an artificial intelligence tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios until later this year.The Firefly Video Mo...Reuters
Wed, Feb 12
Other
RPT-INSIGHT-Inside the collapse of Nissan and Honda's $60 billion mega deal
Repeats story published earlier; no changes to text.Nissan's pride and denial hindered merger talks, sources sayHonda pushed Nissan for deeper cuts to jobs, factory capacity, sources sayNissan unwilling to consider factory closures, sources sayHonda's proposal to make Nissan a subsidiary cau...Reuters
Wed, Feb 12
Other
Islamic Jihad says fate of hostages it holds is tied to Netanyahu's actions
DUBAI, Feb 12 (Reuters) - The armed wing of Palestinian militant group Islamic Jihad, which has been holding Israeli hostages since October 7, 2023, said on Wednesday that the fate of those hostages was tied to the actions of Israeli Prime Minister Benjamin Netanyahu."The only way to retrieve ho...Reuters
Wed, Feb 12
Stocks
1 Wall Street Analyst Thinks McDonald's Stock Is Going to $349. Is It a Buy Around $310?
McDonald's (NYSE: MCD) may have missed on both the top and bottom lines in its recently reported fourth quarter of 2024, but that didn't stop several analysts from becoming more bullish on its prospects.A clutch of them raised their price targets on the durable fast-food company's shares, one of who...The Motley Fool
Wed, Feb 12
Other
Russia's Putin holds phone call with Syria's Sharaa
MOSCOW, Feb 12 (Reuters) - Russia's President Vladimir Putin held a phone call with Syria's interim leader Ahmed al-Sharaa, the Kremlin said on Wednesday. Russia was a chief backer of Bashar al-Assad, the former president who was toppled by Sharaa in December, and is hoping to retain the use...Reuters
Wed, Feb 12
Other
BRIEF-Federal Signal Completes Acquisition Of Hog Technologies
Feb 12 (Reuters) - Federal Signal FSS.N:FEDERAL SIGNAL COMPLETES ACQUISITION OF HOG TECHNOLOGIES, A LEADING U.S. MANUFACTURER OF ROAD-MARKING, LINE-REMOVAL AND WATERBLASTING EQUIPMENTSource text: ID:nPn9DSdKaFurther company coverage: FSS.NReuters
Wed, Feb 12
Stocks
NYSE CONTENT ADVISORY: PRE-MARKET UPDATE + ANNOUNCEMENT OF NYSE TEXAS
NEW YORK, Feb. 12, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. jwplayer.key="3Fznr2BGJZtpwZmA+81lm048ks6+0NjLX...PR Newswire
Wed, Feb 12
Stocks
BUZZ-Payments firm FIS dips after Susquehanna downgrades to 'neutral'
** Shares of banking and payments processing firm Fidelity National Information Services FIS.N fall 1.6% to $72 premarket** Susquehanna downgrades FIS to "neutral" from "positive"; cuts PT to $81 from $103, which is still a 10.7% upside to stock's last close** FIS stock plunged 1...Reuters
Wed, Feb 12
Other
Barrick will resume operations in Mali once it can ship gold, CEO says
TORONTO, Feb 12 (Reuters) - Barrick Gold ABX.TO CEO Mark Bristow said the miner will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments.The Canadian miner said its been assured that gold worth about $245 million seized by ...Reuters
Wed, Feb 12
Economic Indicator
INSTANT VIEW-Hot Jan US CPI surprise hurts case for Fed ease soon
Feb 12 (Reuters) - The U.S. consumer price index increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.The CPI jumped 0.5% last month after gaining 0.4% in December, the...Reuters
Wed, Feb 12
