News
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FEMA fires four after alleged payments to New York City hotels for migrants
Feb 11 (Reuters) - The U.S. Federal Emergency Management Agency fired its chief financial officer and three other employees, accusing them of making "egregious payments" for New York City hotels used for migrants, the Department of Homeland Security said in a statement on Tuesday."DHS wi...Reuters
Tue, Feb 11
Other
Bank of Canada announces appointment of second external deputy governor
OTTAWA, Feb 11 (Reuters) - The Bank of Canada on Tuesday said Michelle Alexopoulos would serve a two-year term as the central bank's second external deputy governor, starting March 17.In a statement, the bank said Alexopoulos's research focused on the business cycle as well as the effects of...Reuters
Tue, Feb 11
Economic Indicator
President cannot remove a Fed board member under the law, Powell says
Feb 11 (Reuters) - The U.S. president has no legal authority to remove a member of the Board of Governors of the Federal Reserve System, Fed Chair Jerome Powell said on Tuesday.Powell's statement came in response to a question from a Democratic senator during his testimony before the Senate Bank...Reuters
Tue, Feb 11
Other
EU's von der Leyen says looking forward to continued cooperation with U.S.
PARIS, Feb 11 (Reuters) - European Commission President Ursula von der Leyen on Tuesday thanked U.S. Vice-president JD Vance for a good discussion on "shared challenges" and said she was looking forward to continued cooperation."Thank you for a good discussion on our shared challenges as...Reuters
Tue, Feb 11
Stocks
BUZZ-U.S. STOCKS ON THE MOVE-Biohaven, Ecolab, Firefly
Eikon search string for individual stock moves: The Day Ahead newsletter: https://refini.tv/3LI4BU7The Morning News Call newsletter: https://refini.tv/3dKUyB8Wall Street's main indexes dipped on Tuesday as most megacap stocks fell, while investors awaited a testimony from Federal Reserve Chair J...Reuters
Tue, Feb 11
Forex
BUZZ-COMMENT-Yen deflated by elevated inflation concern
The yen is likely to decline further as inflation concerns push global bond yields higher.Yields have risen following an executive order from U.S. President Donald Trump imposing 25% tariffs on steel and aluminum. Base metal prices are struggling due to slow growth in China and a strong USD though b...Reuters
Tue, Feb 11
Other
UK felt Paris AI communique lacked clarity on governance, national security, says PM's spokesperson
LONDON, Feb 11 (Reuters) - Britain did not sign the Paris AI Summit's declaration on Tuesday because it lacked clarity on questions around global governance and national security, a spokesperson for Prime Minister Keir Starmer said.Both Britain and the United States did not sign a communique tha...Reuters
Tue, Feb 11
Economic Indicator
Fed's Powell declines to comment on tariff policy
By Michael S. DerbyNEW YORK, Feb 11 (Reuters) - Federal Reserve Chair Jerome Powell declined to comment on the Trump administration's tariff policies but acknowledged there have been issues on the trade front. "It's not the Fed's job to make or comment on tariff policy" but to ta...Reuters
Tue, Feb 11
Cryptocurrencies
Bitcoin Gains Ground: North Carolina Moves To Establish State Reserve
North Carolina is making a significant stride toward the integration of Bitcoin into its financial strategy. A recently introduced bill aims to enable the state treasurer to allocate a portion of public funds to digital assets, with a particular emphasis on BTC exchange-traded products (ETPs). North...Bitcoinist
Tue, Feb 11
Stocks
CANADA STOCKS-TSX falls as metal mining shares, Shopify earnings weigh
Updates with market opening pricesBy Ragini Mathur Feb 11 (Reuters) - Canada's main stock index fell on Tuesday, dragged by mining shares following new U.S. tariffs on steel and aluminum, while Shopify's dour profit outlook weighed on technology shares.The S&P/TSX composite index .GSP...Reuters
Tue, Feb 11
Stocks
Is Twilio an Undervalued Growth Stock?
Twilio (NYSE: TWLO) helps enterprises manage customer relationships more effectively.Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »*Stock prices used were the afternoon prices of Feb. 8, 2025. The video was pub...The Motley Fool
Tue, Feb 11
Stocks
Why Cryptocurrencies Cardano, Litecoin, and Dogecoin Are Rising Today
Certain cryptocurrencies zoomed higher today as rumors swirled about the potential for new spot crypto exchange-traded funds (ETFs). Spot ETFs previously served as powerful catalysts for the largest cryptocurrencies, Bitcoin and Ethereum.As of 10:23 a.m. ET, the price of Cardano (CRYPTO: ADA) had sh...The Motley Fool
Tue, Feb 11
Cryptocurrencies
Could This Penny Crypto Reach $1 Before Shiba Inu and Dogecoin by 2025?
Shiba Inu (SHIB) and Dogecoin (DOGE) recently took a hit in a broader market downturn, with Shiba Inu hovering around $0.000015 and Dogecoin at $0.25. Both are having difficulty regaining momentum amid ongoing market pressures. Meanwhile, Mutuum Finance (MUTM) is stepping into the spotlight. Priced at just $0.01 in its first presale phase, this new […]Cryptopolitan
Tue, Feb 11
Cryptocurrencies
PEPE Investors Are Switching to PEPETO Following Price Dip
PEPE’s recent price decrease has pushed investors to consider other options leading to growing interest in #PEPETO. The crypto market recovery has directed traders towards #PEPETO thanks to its solid fundamentals combined with innovative technology. With a well-structured ecosystem focusing on technology and optimization, the token aims to provide sustainable growth and long-term stability. The […]Cryptopolitan
Tue, Feb 11
Other
Democratic lawmakers to introduce bill aimed at halting elimination of USAID
Bill would bar use of government funds to eliminate USAID Measure states that only an act of Congress can end USAIDAgency became first target of Elon Musk's effort to reduce the size of the governmentBy Daphne Psaledakis WASHINGTON, Feb 11 (Reuters) - A group of Democratic U.S. lawmakers will...Reuters
Tue, Feb 11
Other
Boeing says it delivered 45 aircraft in busiest January since 2023
In its first full month of production since strike, Boeing delivers 40 737 MAX jetsGross orders drop for Boeing to 36, down from 142 in DecemberBy Dan Catchpole Feb 11 - Boeing said on Tuesday that it had delivered 45 airplanes in January, up from 30 deliveries the previous month and the most del...Reuters
Tue, Feb 11
Other
AI chip startup Positron raises $23.5 million seed round to take on Nvidia
By Anna Tong Feb 11 - Positron, a startup chip maker that aims to compete with Nvidia NVDA.O, said Tuesday it raised $23.5 million to scale production of its U.S.-made artificial intelligence chips. Valor Equity Partners, known for backing Elon Musk’s companies, Atreides Management, Flume Venture...Reuters
Tue, Feb 11
Other
Auto File - Porsche’s profit fender bender
Feb 11 - By Nick Carey, European Autos Correspondent Greetings from London! After backing off tariffs on Mexico and Canada – to investors’ relief – President Donald Trump has returned once more to his foreign policy tool of choice with a 25% border tax now in place on all U.S. imports of ste...Reuters
Tue, Feb 11
Stocks
Elliott builds $2.5 billion stake in Phillips 66, pushes for midstream business sale
Elliott pushes for operational changesSays co must commit to ambitious refining targetsSays board needs new independent directors Updates shares in paragraph 2, adds analyst comment and background on Elliott in paragraphs 12 and 13By Vallari Srivastava Feb 11 (Reuters) - Elliott Investment Manag...Reuters
Tue, Feb 11
