News
Important Only
Economic Indicator
Fed's Powell: No agency other than CFPB tasked with consumer protection enforcement
Feb 11 (Reuters) - No U.S. regulator other than the Consumer Financial Protection Bureau is tasked with ensuring that banks abide by rules guarding against deceptive practices regarding consumers, the head of the Federal Reserve said on Tuesday as he was pressed by a senior Democratic senator to ens...Reuters
Tue, Feb 11
Other
CatIQ raises Aug 2024 Calgary hailstorm loss to almost C$3.3bn
By Chris MunroFeb 11 - (The Insurer) - Losses from the hailstorm that hammered Calgary, Alberta on 5 August last year are now expected to cost (re)insurers C$3.25bn ($2.27bn), according to CatIQ.The update from CatIQ is the fourth estimate for the hailstorm to be issued by the Perils-owned risk mode...Reuters
Tue, Feb 11
Forex
Almost a third of central banks delaying digital currency plans, report shows
Vast majority of central banks are working on CBDCsNearly a third have delayed timeline due to issuesMaintaining currency sovereignty remains key driverBy Marc Jones LONDON, Feb 11 (Reuters) - Nearly a third of central banks have pushed back launching digital versions of their currencies, a new s...Reuters
Tue, Feb 11
Stocks
Billionaire Bill Ackman Buys Billions of Dollars' Worth of Uber Stock
I rated Uber (NYSE: UBER) as my top stock to buy in 2025, so I am not surprised to see the market realize the hidden value in Uber stock.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...The Motley Fool
Tue, Feb 11
Other
Novelist Rushdie takes stand in trial of his accused stabber
Rushdie shows jury his injured eye Rushdie came close to death, doctors said at the time of the attackRushdie was stabbed about 15 times in the attackBy Jonathan Allen MAYVILLE, New York, Feb 11 (Reuters) - The novelist Salman Rushdie showed a jury his blinded right eye on Tuesday as he testified...Reuters
Tue, Feb 11
Stocks
DuPont forecasts better-than-expected 2025 profit on strong electronics demand
Adds details from conference call throughoutBy Seher Dareen Feb 11 (Reuters) - DuPont de Nemours DD.N on Tuesday forecast 2025 profit above Wall Street estimates on strong demand for electronics, sending shares of the industrial materials maker up nearly 7% in morning trading.A rapidly growing ma...Reuters
Tue, Feb 11
Stocks
Jerash Holdings (US) Inc reports results for the quarter ended December 31 - Earnings Summary
Jerash Holdings (US) Inc JRSH.OQ reported quarterly breakeven results per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of two analysts for the quarter was for a loss of 2 cents per share. Wall Street...Reuters
Tue, Feb 11
Stocks
Great News for Amazon Stock Investors
Amazon (NASDAQ: AMZN) highlighted improvements in customer delivery costs, which could lead to billions in profits and cash flow.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 afterno...The Motley Fool
Tue, Feb 11
Commodities
COLUMN-Beer, not tariffs, will boost US aluminium capacity: Andy Home
By Andy Home LONDON, Feb 11 (Reuters) - If in doubt, double down. Seven years ago President Donald Trump ordered 10% tariffs on U.S. imports of aluminium with the stated aim of increasing domestic primary metal production. They haven't worked. This time the tariff is going to be 25% withou...Reuters
Tue, Feb 11
Cryptocurrencies
Top New Crypto to Buy as Japan Considers Approving Bitcoin ETFs
Japan is making a dramatic shift in its stance on cryptocurrency. The Financial Services Agency (FSA), which once imposed a steep 55% tax on crypto income, is now considering lowering it to a more manageable 20%. Additionally, Japan is exploring the approval of Bitcoin ETFs, potentially reversing it...NewsBTC
Tue, Feb 11
Stocks
BUZZ-Cincinnati Financial rises on higher Q4 operating profit
** Insurance firm Cincinnati Financial's CINF.O shares rise up 5.9% to $143.56 in morning trading** Co reported quarterly adjusted operating profit of $3.14 per share, compared with $2.28 per share a year ago** Co's earned premiums grew 15% to $2.37 bln for the quarter ended December 31** Co...Reuters
Tue, Feb 11
Stocks
Ecolab Exceeds Estimates, Margins Rise
Ecolab (NYSE:ECL), a leader in water, hygiene, and energy technologies, recently unveiled its financial results for the fourth quarter of 2024 on February 11, 2025. The company reported an adjusted EPS of $1.81, exceeding Wall Street's forecasts of $1.80, and total revenue hit $4.0 billion, slightly...The Motley Fool
Tue, Feb 11
Other
Zelenskiy ready to swap Kyiv-held land in Russia's Kursk region for Ukrainian territories
Feb 11 (Reuters) - President Volodymyr Zelenskiy said he would offer to swap land Ukrainian troops control in Russia's Kursk region in exchange for a return of Ukrainian territories Russia currently occupies if negotiations took place. "We will swap one territory for another," Zelenskiy ...Reuters
Tue, Feb 11
Other
BRIEF-Starbucks Sued By U.S. State Of Missouri For Alleged Racial Bias In Employment Practices, Court Filing Shows
Feb 11 (Reuters) - Court Filing:STARBUCKS SUED BY U.S. STATE OF MISSOURI FOR ALLEGED RACIAL BIAS IN EMPLOYMENT PRACTICES - COURT FILINGFurther company coverage: SBUX.OReuters
Tue, Feb 11
Other
Russia offers India its most advanced Su-57 stealth fighter jet
By Shivam Patel and Abhijith Ganapavaram BENGALURU, India, Feb 11 (Reuters) - Russia has offered to make its fifth-generation stealth fighter jet Sukhoi Su-57 in India for the Indian Air Force, a Russian and an Indian official said on Tuesday, as Moscow looks to boost defence ties with New Delhi....Reuters
Tue, Feb 11
Stocks
Cotton rises 1% as investors await USDA's WASDE report
Feb 11 (Reuters) - ICE cotton futures rose 1% on Tuesday, helped by a lower dollar and as investors squared short positions in the run-up to a federal monthly supply-demand report from the U.S. Department of Agriculture.* Cotton contracts for March CTc1 rose 0.67 cent, or 1.01%, at 67.21 cents per l...Reuters
Tue, Feb 11
Cryptocurrencies
Supreme Court lawyer Tom Goldstein is detained as flight risk in tax case
Updates February 10 story in paragraph 4 to include order allowing Goldstein to represent himselfBy David Thomas Feb 10 (Reuters) - Prominent former U.S. Supreme Court lawyer Tom Goldstein was arrested and detained on Monday after a judge in Maryland said he violated the terms of his pretrial rel...Reuters
Tue, Feb 11
Commodities
Woodside and Trinidad have agreed on initial commercial terms for deepwater gas, exec says
By Curtis WilliamsPORT OF SPAIN, Feb 11 (Reuters) - The government of Trinidad and Tobago and Woodside Energy WDS.AX have reached an initial agreement on the commercial terms for developing the company's Calypso deepwater gas discoveries, moving the project one step closer to a final investment ...Reuters
Tue, Feb 11
Stocks
BUZZ-Enphase Energy rises after launching expanded IQ Batteries for California
** Shares of Energy technology company Enphase Energy ENPH.O rises 3.2% at $65.09** Company announces the launch of an expanded IQ battery 5P product for new home projects in California** Company reports the IQ Battery 5P product remains fully JA12 compliant, meeting California Building Standards Co...Reuters
Tue, Feb 11
Stocks
LIVE MARKETS-US stocks slip, yields claw higher, as Powell hits Capital Hill
U.S. stock indexes slightly redUtilities weakest S&P sector; Materials lead gainersEuro STOXX 600 index up ~0.2%Dollar, bitcoin, gold slip; crude up ~1%U.S. 10-Year Treasury yield rises to ~4.54%Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can sh...Reuters
Tue, Feb 11
