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Commodities
INSIGHT-Russia braces for oil output cuts as sanctions and drones hit
Russian oil exports have declined -sources Refineries cannot take more crude because of attacks Russian traders rush to buy tankers not subject to sanctions Sanctions aim to cap Russia's energy revenueRussian oil discounts widen, hitting incomeBy Anna Hirtenstein and Florence Tan LONDON/SINGA...Reuters
Wed, Feb 12
Stocks
BUZZ-Barrick Gold up after beating Q4 profit estimates
Updates** Shares of Canadian miner Barrick Gold ABX.TO rise ~5% to C$25.60** Co announces new $1 billion share buyback plan and beats Q4 adjusted EPS estimates, helped by higher prices of gold** Posts Q4 adjusted EPS of $0.46, beats analysts' estimates of $0.41, according to data compiled by LSE...Reuters
Wed, Feb 12
Stocks
BUZZ-Royalty Pharma falls after investing $250 mln in Biogen's lupus treatment
** Shares of biotech investor Royalty Pharma RPRX.O fall 1.3% to $31.81** RPRX says it is providing up to $250 mln in funding to Biogen BIIB.O to support the development of litifilimab, a potential treatment for systemic lupus erythematosus (SLE) and cutaneous lupus erythematosus (CLE)** SLE and CLE...Reuters
Wed, Feb 12
Stocks
BUZZ-Interpublic Group falls on weak fourth quarter results
** Shares of advertising company Interpublic Group IPG.N fall 2.4% to $26.51 in early trading** Co reports Q4 revenue of $2.43 bln missing analysts' ests. Of $2.52 bln - LSEG** On an adjusted basis, co posts Q4 earnings of $1.11 vs ests. Of $1.17** The company saw a more than 3% fall in revenue ...Reuters
Wed, Feb 12
Other
NetDiligence panel: No consistency in how cyber carriers handle non-breach privacy violations
By Michael LoneyFeb 12 - (The Insurer) - Adjusting business interruption claims remains a “pain point” for the cyber market, while carriers are inconsistent in how they handle non-breach violations of privacy data, according to a state of the market panel at a NetDiligence event.Speaking at the NetD...Reuters
Wed, Feb 12
Other
R. Kelly's sex trafficking conviction is upheld
NEW YORK, Feb 12 (Reuters) - A federal appeals court on Wednesday upheld former R&B superstar R. Kelly's sex trafficking conviction and 30-year prison sentence.The 2nd U.S. Circuit Court of Appeals in Manhattan rejected Kelly's claims that the evidence did not support the charges, and th...Reuters
Wed, Feb 12
Stocks
BUZZ-JP Morgan downgrades PPG Industries to 'neutral', lowers PT
** J.P. Morgan downgrades industrial coatings maker PPG Industries to "neutral" from "overweight", cuts price target to $115 from $145** PPG shares fall 1.2% to $113.60 in morning trade** Brokerage says the auto industry in 2025 is not growing, and PPG is giving up market share** Add...Reuters
Wed, Feb 12
Cryptocurrencies
Is Ethereum ‘Most Hated Rally’ About To Begin? Analyst Finds Bitcoin Cycle Similarities
After a relatively subdued price performance in 2024, Ethereum (ETH) could be on the verge of a significant breakout. A recent analysis by a well-known crypto analyst suggests that the second-largest digital asset may soon enter what they call its “most hated rally.” Is It Finally Ethere...NewsBTC
Wed, Feb 12
Cryptocurrencies
SoftBank reports $2.4 billion loss as it prepares for major AI investments
SoftBank just took a $2.4 billion hit in its fiscal third quarter, sinking into losses as the Japanese tech giant prepares to throw billions into AI. The company, led by Masayoshi Son, reported the loss on Wednesday, missing analyst forecasts of a $1.57 billion profit, according to LSEG data. It’s a huge downturn from the […]Cryptopolitan
Wed, Feb 12
Other
KBW's Satkauskas: European reinsurers well positioned to absorb US casualty deterioration
By George AbbottFeb 11 - (The Insurer) - Europe's reinsurers are well positioned to withstand any further deterioration in US casualty lines, according to KBW analyst Darius Satkauskas.In an interview with The Insurer TV, Satkauskas highlighted how prudent reserving practices provide a cushion f...Reuters
Wed, Feb 12
Stocks
NVIDIA stock falls on hot CPI, but news from this partner could bring cheer
NVIDIA Corporation (NASDAQ:NVDA) shares are trading 2% lower in pre-open trading Wednesday following the hot CPI report, but investors may want to pay attention to another piece of news.After the closInvesting.com
Wed, Feb 12
Stocks
American Express: Buy, Sell, or Hold?
American Express (NYSE: AXP) is a business icon known the world over. It is also performing well right now as a business. How you view the stock and, more broadly, investing will have a big impact on whether you want to buy, sell, or hold this huge payments processor.Let's look at these different pe...The Motley Fool
Wed, Feb 12
Commodities
Exxon to expand oil and gas output in Guyana, seeks permit for Longtail project
GEORGETOWN, Feb 12 (Reuters) - A consortium led by Exxon Mobil XOM.N is getting ready for a very active year for exploration and production in Guyana amid upgrades that expanded the capacity of some of its floating facilities and the expected arrival of a fourth vessel, the head of the U.S. oil majo...Reuters
Wed, Feb 12
Other
ADVISORY-Alerts wrongly tagged to India's Prima Plastics withdrawn
Alerts on privately held, U.S.-based wellness brand Prima being acquired by Sky Marketing Corporation were inadvertently tagged to India-based Prima Plastics Ltd PRIP.BO, an unrelated company, and have been withdrawn.There will be no substitute.STORY_NUMBER: nTUA2MSTNSSTORY_DATE: 12/02/2025STORY_TIM...Reuters
Wed, Feb 12
Forex
GBP/USD drops below 1.2400 after US CPI data
The Pound Sterling slipped during the North American session after the latest United States (US) inflation report showed that prices continued to rise, pushing back expectations of a Federal Reserve rate cut in the first half of 2025.
Fxstreet
Wed, Feb 12
Stocks
Biogen's 2025 forecasts hit by declining sales for MS drugs, strong dollar
Forecasts 2025 profit below expectationsSigns $250 million deal for lupus drug fundingShares drop more than 6% in early trading Adds CEO comment in paragraph 4, analyst comment in paragraph 6, updates share movement in paragraph 7By Manas MishraFeb 12 (Reuters) - Biogen BIIB.O on Wednesday forecast...Reuters
Wed, Feb 12
Stocks
Lyft shares slide as lower pricing trends persist amid competition with Uber
Updates shares in paragraph 1, Lyft market cap drop and Uber shares in paragraph 12 Feb 12 (Reuters) - Lyft LYFT.O shares slumped about 9% on Wednesday after the ride-hailing company warned that lower pricing trends from late last year are expected to continue in 2025, as it tries to match prices...Reuters
Wed, Feb 12
Stocks
US STOCKS-Wall St falls as hot inflation data dents rate cut hopes
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.CVS Health rises after beating profit estimatesLyft falls as Q1 bookings forecast misses estimatesJanuary CPI at 3% YoY vs 2.9% estimate Indexes down: Dow 0.99%, S&P 500 0.92%, Nasdaq 0.89%...Reuters
Wed, Feb 12
