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Musk cuts based more on political ideology than real cost savings so far
Musk cost-cutting targets agencies disliked by conservatives, not major budget contributorsDOGE claims $37.69 billion savings to date - a fraction of its $2 trillion targetNine of the government agencies in Musk's sights were mentioned in controversial Project 2025 reportBy Tim Reid, Helen Coste...Reuters
Wed, Feb 12
Other
Double-duty dogs at Westminster Dog Show aid victims of LA fires, war
Ziggy, a therapy dog, aids California wildfire victimsZiggy's owner collaborates with Red Cross, Therapy Dogs InternationalProsper, a Biewer Terrier, models for animal rescue fundsBy Natalie ArmstrongNEW YORK, Feb 12 (Reuters) - Straight from the dog-show circuit at the 149th Westminster Dog Sho...Reuters
Wed, Feb 12
Stocks
DIARY-Federal Reserve Events
***Denotes a new entry. -------------------------------------------------------- Federal Open Market Committee (FOMC) MEETING DATES: 2025March 18-19 (second day: statement released 1400 EDT/1800 GMT; news conference expected 1430 EDT/1830 GMT)May 6-7 (second day: statement released 1400 EDT/1800...Reuters
Wed, Feb 12
Commodities
FOCUS-Drought leaves Canadian farmers unpaid, reveals holes in safety net
Farmers face delayed payments due to grain company bankruptciesDrought worsens financial strain on Canadian farmersFailure of unlicensed companies, complaint deadline, insufficient security seen as holes in farm supportBy Ed White REGINA, Saskatchewan, Feb 12 (Reuters) - Canadian farmer Bill Pryb...Reuters
Wed, Feb 12
Other
Hungary's Orban meets German far-right leader, discusses EU, Ukraine
BUDAPEST, Feb 12 (Reuters) - Hungary's Prime Minister Viktor Orban met the leader of the far-right Alternative for Germany party in Budapest on Wednesday.Despite their ideological closeness, Orban has hitherto been careful to keep his distance from the AfD, with officials saying he did not want ...Reuters
Wed, Feb 12
Commodities
Gold rally stalls after Fed’s Powell testimony
Gold’s price (XAU/USD) edges lower and trades below $2,900 at the time of writing on Wednesday after Federal Reserve (Fed) Chairman Jerome Powell went to Capitol Hill for his semi-annual testimony before lawmakers the previous day.
Fxstreet
Wed, Feb 12
Forex
Sterling steady ahead of U.S. data, tariff updates
By Samuel Indyk LONDON, Feb 12 (Reuters) - The British pound was steady within the middle of its recent range on Wednesday as investors awaited key U.S. inflation data, while uncertainty stemming from U.S. President Donald Trump's trade policy continued to keep investors on edge. Sterling was...Reuters
Wed, Feb 12
Other
EXCLUSIVE-Trump poised to attend Saudi-backed conference in Miami in February, sources say
Adds FII comment in paragraph 4, background on Trump's Gulf investments in paragraphs 6-9By Hadeel Al Sayegh, Pesha Magid and Maha El Dahan DUBAI, Feb 12 (Reuters) - U.S. President Donald Trump is scheduled to attend a meeting of global financiers and tech executives hosted by Saudi Arabia...Reuters
Wed, Feb 12
Other
SoftBank's Son back to form with big bets and quarterly loss
Unrealised valuation losses for Coupang, Didi and Autostore weighQuestions surround financing for OpenAI investmentStargate to be mainly financed through project finance with SoftBank contributing only equityAdds details from press conference and context throughout, CFO quote in paragraph 6By Anton ...Reuters
Wed, Feb 12
Stocks
Should You Buy Affirm While It's Below $85?
The credit card industry is under attack. Buy Now, Pay Later is proving popular among young spenders, led by companies like Affirm (NASDAQ: AFRM), who recently wowed Wall Street with stellar earnings for its most recent quarter (ending December 31, 2024). The stock soared over 20% after the company ...The Motley Fool
Wed, Feb 12
Stocks
CORRECTED-Baltic index slips on lower capesize, panamax rates (Feb 11)
Corrects analyst comment in paragraph 7 to say U.S. tariffs on steel and aluminum are expected to negatively impact supramax and handysize vessel segments, not the panamax segment; adds missing Refinitiv Instrument CodesBy Sarah Qureshi Feb 11 (Reuters) - The Baltic Exchange's dry bulk sea fr...Reuters
Wed, Feb 12
Other
Germany extends temporary border controls, says Scholz
BERLIN, Feb 12 (Reuters) - Germany has extended temporary border controls for a further six months and notified the European Commission, Chancellor Olaf Scholz said on Wednesday as he tries to show his government is tackling irregular migration less than two weeks before an election.Reuters
Wed, Feb 12
Stocks
Should You Buy Bank of America While It's Below $50?
Bank of America (NYSE: BAC) has done a great job at winning over investors in recent times. The second-largest bank in the U.S. by assets has seen its shares soar 88% since late October 2023. But they're still trading about 14% off their all-time peak, which might prompt some investors to take a clo...The Motley Fool
Wed, Feb 12
Forex
BUZZ-COMMENT-FX traders should beware USD/JPY's upside is limited
Feb 12 (Reuters) - FX traders should beware that USD/JPY's latest recovery attempts this week will likely run out of steam due to solid technical resistance that will prove hard to crack.The dollar held mostly steady against other major currencies on Wednesday as traders awaited U.S. inflation d...Reuters
Wed, Feb 12
Stocks
Have $100,000? Here Are 4 Ways to Grow That Money Into $1 Million for Retirement Savings
So you have $100,000 and you want to build it into $1 million by retirement. That's great! Even if you have less -- perhaps a lot less -- than $100,000, there are multiple strategies you might employ to build your wealth.Here's a look at several ways to grow $100,000 -- or perhaps just $0 -- into $1...The Motley Fool
Wed, Feb 12
Stocks
Lyft shares sink as tough competition takes a toll on bookings forecast
Feb 12 (Reuters) - Lyft LYFT.O shares slumped 12.5% in premarket trading on Wednesday after the company forecast weak gross bookings for the first quarter, as it battles with larger rival Uber Technologies UBER.N to attract more riders.The ride-hailing platform has been aggressively working on lurin...Reuters
Wed, Feb 12
Stocks
Is Chipotle Mexican Grill Stock in Trouble?
Chipotle Mexican Grill (NYSE: CMG) stock hasn't been a hot buy with investors for some time. In the past year, its shares are up just a modest 10%. That's well below even the S&P 500's gains of more than 20% over that same stretch. And while the stock's valuation isn't cheap, in the past, investors ...The Motley Fool
Wed, Feb 12
Commodities
India weighs temporary tax on cheap Chinese steel import, minister says
Chinese imports often aided by unfair trade practices: ministerIndia could impose temporary tax of 15%-25% to curb importsIndia looking at Canada, Russia, U.S. to source coking coalBy Neha Arora and Mayank Bhardwaj NEW DELHI, Feb 12 (Reuters) - India could impose a temporary tax of 15%-25% on ste...Reuters
Wed, Feb 12
