News
Important Only
Economic Indicator
Fed's Powell says central bank will investigate debanking issue
By Michael S. Derby NEW YORK, Feb 11 (Reuters) - Federal Reserve Chair Jerome Powell said Tuesday the central bank would look into Republicans' concern that some people are being deliberating kicked out of bank accounts due to political considerations. "I am struck and my colleagues are s...Reuters
Tue, Feb 11
Other
Major airlines urge Trump administration to abandon passenger compensation review
WASHINGTON, Feb 11 (Reuters) - Major U.S. airlines on Tuesday asked the U.S. Transportation Department to abandon a review launched by the Biden administration over whether carriers should be required to pay passengers compensation over flight disruptions. Airlines for America, a trade group represe...Reuters
Tue, Feb 11
Other
Steve Bannon pleads guilty in border wall funding case
Adds detail from hearing in paragraph 4, Bannon remarks in paragraphs 6-9By Jack Queen NEW YORK, Feb 11 (Reuters) - Former Donald Trump adviser Steve Bannon pleaded guilty in New York state court on Tuesday to a fraud charge related to his fundraising campaign for the U.S. president's wall al...Reuters
Tue, Feb 11
Forex
BUZZ-COMMENT-Tariffs, Powell may fall down list of EUR/USD priorities
Feb 11 (Reuters) - EUR/USD's ability to trade near the midpoint of its broader 1.0150-1.0550 range, in place since December, suggests investors may be shifting attention away from tariff and Fed risk and toward U.S. inflation and sales data to determine the next move.The dollar's gains follo...Reuters
Tue, Feb 11
Other
Axa XL pledges $1.2mn for mangrove conservation in Sierra Leone
By Rebecca DelaneyFeb 11 - (The Insurer) - Axa XL has provided a $1.2mn grant to Save the Children for a five-year initiative designed to mitigate the impact of climate change across coastal ecosystems in Sierra Leone.The Sierra Leone Coastal Resilience Project – described as one of the largest proj...Reuters
Tue, Feb 11
Stocks
BUZZ-Phillips 66 rises after Elliott builds over $2.5 billion stake
Updates** Shares of U.S. oil refiner Phillips 66 PSX.N rise over 5% to $130.22** Activist investor Elliott Investment Management says it has built over $2.5 bln stake in PSX and plans to push for operational changes and a sale or spin-off of its midstream unit** Elliott says PSX's plan to boost ...Reuters
Tue, Feb 11
Stocks
BUZZ-WK Kellogg rises after beating quarterly profit estimates
Updates** Shares of Froot Loops maker WK Kellogg KLG.N jump as much as 11.2% to $18.13 - highest since January ** Co beats quarterly profit estimates owing to higher product prices** Logs quarterly adj. profit of 42 cents per share, above analysts' estimates of 26 cents per share - data compiled...Reuters
Tue, Feb 11
Economic Indicator
German bond yields set for biggest daily rise since October
Updates in late European tradingBy Harry Robertson and Lucy Raitano LONDON, Feb 11 (Reuters) - German government bond yields were set for their biggest daily rise in almost four months on Tuesday as investors grappled with new U.S. tariffs, testimony from Federal Reserve chair Jerome Powell and h...Reuters
Tue, Feb 11
Stocks
Carlyle's profit misses estimates as private equity business weighs
Private equity arm weighs on Q4 profitCarlyle stock falls 6%Asset manager still met 2024 financial targetsAdds details from conference call and analyst comments in paragraphs 5, 7, 8, 11 and 12By Arasu Kannagi Basil Feb 11 (Reuters) - Carlyle Group's CG.O distributable fourth-quarter earnings...Reuters
Tue, Feb 11
Other
U.S. market watchdog aims to pause lawsuit over climate disclosures
LONDON/NEW YORK, Feb 11 (Reuters) - The acting chair of the U.S. Securities and Exchange Commission said on Tuesday the agency was asking a court to pause proceedings in a lawsuit over a climate disclosure rule that was passed by his predecessor and swiftly stayed amid controversy."The rule is d...Reuters
Tue, Feb 11
Stocks
Compass Minerals Surprises With Big Loss
Compass Minerals International (NYSE:CMP), a leader in salt and specialty plant nutrition production, delivered a mixed report for its fiscal 2025 first quarter on Feb. 10. The company's non-GAAP loss of $0.55 per share contrasted with the earnings per share (EPS) of $0.13 anticipated by analysts. H...The Motley Fool
Tue, Feb 11
Other
Marsh appoints ex-Axa XL chair Hinshelwood as UK chair
Feb 11 - (The Insurer) - Marsh has named Nigel Hinshelwood chair of Marsh Ltd in the UK, subject to regulatory approval. Hinshelwood is scheduled to succeed Tom Colraine on 31 March 2025.He has previously served as a non-executive director on the Lloyd’s franchise board, as chair of Axa XL Underwrit...Reuters
Tue, Feb 11
Other
Pentagon's Hegseth sees growth in defense spending despite Musk review
WASHINGTON, Feb 11 (Reuters) - U.S. Defense Secretary Pete Hegseth said on Tuesday he was working with Congress to increase overall U.S. defense spending and played down concerns over a pending audit by Elon Musk aimed at finding billions of dollars in waste at the Pentagon.Hegseth, speaking in Germ...Reuters
Tue, Feb 11
Stocks
BUZZ-Coty falls on trimming annual profit forecast, Q2 revenue drop
** Shares of CoverGirl parent Coty COTY.N fall as much as 7.2% to over two-year low of $6.28** Coty cut its annual profit forecast and posted a surprise drop in quarterly revenue, as it faces slowing demand for cosmetics** Company now expects annual adjusted EPS to be between 50 cents and 52 cents, ...Reuters
Tue, Feb 11
Other
U.S. will not send troops to Ukraine, Pentagon chief Hegseth says
Feb 11 (Reuters) - President Donald Trump's administration is not sending U.S. troops into Ukraine, U.S. Defense Secretary Pete Hegseth said on Tuesday.Speaking with reporters in Germany, Hegseth also said that he would push European allies to spend more on defense when he meets with them this w...Reuters
Tue, Feb 11
Other
Goldman Sachs ends IPO diversity policy citing legal developments
Adds recent cancellation of Nasdaq rule, background in paragraphs 5-7, link to Reuters review in paragraph 10By Isla Binnie and Saeed Azhar Feb 11 (Reuters) - Goldman Sachs cancelled a four-year-old policy to only take public companies that had two diverse board members, a spokesperson for the ba...Reuters
Tue, Feb 11
Economic Indicator
TREASURIES-Prices fall as tariffs weigh, Fed's Powell in no rush to cut rates
Tariff uncertainty remains lingering concernFocus on US three-year note auctionUS two-year yield hits highest in three weeksRecasts, adds new comments, byline, bullets, updates pricesBy Gertrude Chavez-Dreyfuss NEW YORK, Feb 11 (Reuters) - U.S. Treasury prices fell on Tuesday, pushing yields high...Reuters
Tue, Feb 11
Other
Hawaii Supreme Court rules against insurers, clears path for $4bn Maui wildfire settlement
By Mia MacGregorFeb 11 - (The Insurer) - The Hawaii Supreme Court ruled Monday in favour of the state, barring insurers from pursuing independent claims over the 2023 Maui wildfires and clearing the way for a $4bn settlement directed solely to survivors.Insurance companies had contested the settleme...Reuters
Tue, Feb 11
Stocks
EMERGING MARKETS-Latam FX, stocks resilient in face of Trump's new tariffs
Trump raises tariffs on steel, aluminum imports Brazil's inflation rate slows in JanuaryEcuador's bonds broadly recover MSCI Latam FX up 0.2%, stocks up 0.1%By Purvi Agarwal Feb 11 (Reuters) - Latin American currencies and stocks were higher on Tuesday as markets awaited more clarity on U...Reuters
Tue, Feb 11
Stocks
BUZZ-Coca-Cola up after quarterly results beat estimates on strong demand
Updates** Shares of beverage maker Coca-Cola KO.N rise as much as 5% to $67.64, the highest level since October 25** If gains hold, stock on track for best day since November 2022** Co beats quarterly results estimates on resilient demand for its sodas and juices** Posts Q4 adj. revenue of $11.40 bi...Reuters
Tue, Feb 11
