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Trump's proposed tariffs may mean higher costs for Canadian whisky in the US
Alcohol importers may hike prices to cover the cost of proposed tariffsMajor brands like Don Julio tequila and Jack Daniel's could become more expensive for American and Canadian drinkersUS wine and spirits volumes already down 5.5% before tariff measures Adds President Trump's decision to d...Reuters
Feb 3, 2025
Economic Indicator
Fed's Goolsbee: Uncertainty warrants pause in rate cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted during a radio interview during the late Monday session that economic uncertainty is exactly the type of thing that would trigger a pause in future rate cuts.Fxstreet
Feb 3, 2025
Other
Everest Group swung to quarterly loss on one-time charge tied to loss reserves
Feb 3 (Reuters) - Reinsurer Everest Group EG.N swung to a fourth-quarter loss on Monday, hit by a one-time charge tied to loss reserves in its U.S. casualty lines business.The company last week disclosed that its fourth-quarter and full-year 2024 earnings will include a one-time charge of $1.5 billi...Reuters
Feb 3, 2025
Cryptocurrencies
TRUMP Coin Tanks 18%—Even Donald Trump Couldn’t Save It
Remember the TRUMP meme coin that soared to over $5 billion market value immediately after President Donald Trump took his oath? Well, it’s currently on a downtrend. It’s trading slightly above $17, down nearly 18% from its previous day’s close. The token’s latest price action came when President Tr...NewsBTC
Feb 3, 2025
Stocks
Dan Ives Just Called DeepSeek the "Temu of AI." Here's What That Means, and Why I Think He's Right.
For the last couple of days, it's been nearly impossible to tune into financial news programming and not hear about Chinese artificial intelligence (AI) start-up DeepSeek.While reporting on the DeepSeek story is fluid, initial claims from the company are that engineers built the AI model using Nvidi...The Motley Fool
Feb 3, 2025
Other
Arab nations oppose removing Palestinians from Gaza in letter to US
Adds details from letter, Trump's comments from last weekBy Kanishka Singh WASHINGTON, Feb 3 (Reuters) - Five Arab foreign ministers and a senior Palestinian official sent a joint letter to U.S. Secretary of State Marco Rubio opposing plans to displace Palestinians from Gaza, as suggested by ...Reuters
Feb 3, 2025
Economic Indicator
Canadian PM Trudeau: US tariffs on Canada to be delayed 30 days
Canadian Prime Minister Justin Trudeau announced late Monday that a tit-for-tat spat of trade tariffs between the US and Canada would be suspended for 30 days as the two countries agree to meet at the negotiating table.Fxstreet
Feb 3, 2025
Stocks
KKR Real Estate Finance Trust Inc reports results for the quarter ended December 31 - Earnings Summary
KKR Real Estate Finance Trust Inc KREF.N reported a quarterly adjusted loss of 21 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -37 cents. The mean expectation of six analysts for the quarter was for a loss of 6 cents p...Reuters
Feb 3, 2025
Stocks
RBB Bancorp reports results for the quarter ended December 31 - Earnings Summary
RBB Bancorp RBB.OQ reported quarterly adjusted earnings of 25 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of five analysts for the quarter was for earnings of 36 cents per share. Wall Str...Reuters
Feb 3, 2025
Other
Everest reveals <$450mn Q1 wildfire loss as reserve charge pushes Q4 CR up to 135.5%
By Michael LoneyFeb 3 - (The Insurer) - Everest Group has estimated its Q1 California wildfire loss in the $350mn to $450mn range, and reported that its pre-announced $1.5bn of prior year reserve strengthening pushed its combined ratio for the fourth quarter of 2024 to 135.5 percent.After markets cl...Reuters
Feb 3, 2025
Other
Trump orders creation of US sovereign wealth fund, says it could buy TikTok
Funding mechanism unclear, but Trump previously mentioned tariffs as a sourceBiden administration reportedly explored a fund to boost global competitivenessOver 90 such funds across the world managing over $8 trillion in assetsAdds details of executive order text in paragraph 3By Trevor Hunnicutt an...Reuters
Feb 3, 2025
Other
BRIEF-Zentalis Pharmaceuticals Announces Inducement Grant Under Nasdaq Listing Rule 5635(C)(4)
Feb 3 (Reuters) - Zentalis Pharmaceuticals Inc ZNTL.O:ZENTALIS PHARMACEUTICALS ANNOUNCES INDUCEMENT GRANT UNDER NASDAQ LISTING RULE 5635(C)(4)Source text: ID:nGNXbQ5K47Further company coverage: ZNTL.OReuters
Feb 3, 2025
Other
BRIEF-GoPro Does Not Expect US Consumer Pricing Or Gross Margin To Be Materially Affected By Recent US Tariff Announcements
Feb 3 (Reuters) - GoPro Inc GPRO.O:GOPRO'S DIVERSIFIED CAMERA SUPPLY CHAIN MINIMIZES TARIFF IMPACTGOPRO INC: DOES NOT EXPECT U.S. CONSUMER PRICING OR GROSS MARGIN TO BE MATERIALLY AFFECTED BY RECENT U.S. TARIFF ANNOUNCEMENTSSource text: ID:nPn3DCKG7aFurther company coverage: GPRO.OReuters
Feb 3, 2025
Economic Indicator
WRAPUP 2-Fed officials see inflation risks from tariff surge
Updates to reflect Trump tariff suspension on CanadaFed's Collins says Trump's tariffs may drive up inflationCollins says Fed tariff reaction depends on what happens with pricesFed's Bostic, Collins see no need to lower rates again soonBy Michael S. Derby and Howard Schneider Feb 3 (R...Reuters
Feb 3, 2025
Other
BRIEF-Seagate Technology Holdings Enters Into New Credit Agreement
Feb 3 (Reuters) - Seagate Technology Holdings PLC STX.O:SEAGATE TECHNOLOGY HOLDINGS PLC - ON JAN 30, ENTERS INTO NEW CREDIT AGREEMENTSEAGATE TECHNOLOGY HOLDINGS PLC - NEW CREDIT AGREEMENT INCLUDES $1.3 BILLION REVOLVING CREDIT FACILITYSEAGATE TECHNOLOGY HOLDINGS PLC - CREDIT FACILITY AVAILABLE UNTIL...Reuters
Feb 3, 2025
Other
BRIEF-Nauticus Robotics Files For Mixed Shelf Of Up To $100 Million
Feb 3 (Reuters) - Nauticus Robotics Inc KITT.O:NAUTICUS ROBOTICS INC FILES FOR MIXED SHELF OF UP TO $100 MILLION – SEC FILINGNAUTICUS ROBOTICS : ATM OFFERING PROSPECTUS COVERING OFFERING OF UP TO $30 MILLION COMMON STOCK THAT MAY BE ISSUED UNDER ATM AGREEMENTSource text: [ID:n0001849820-25-000045]Fu...Reuters
Feb 3, 2025
Other
BRIEF-Phoenix Investors Acquires Two Industrial Properties From Stellantis
Feb 3 (Reuters) - Phoenix Investors:PHOENIX INVESTORS: PHOENIX INVESTORS AFFILIATE ANNOUNCED ACQUISITION OF 2 INDUSTRIAL PROPERTIES IN WISCONSIN & MICHIGAN PREVIOUSLY OWNED BY FCA US LLCSource text: ID:nPnmJ3fFaFurther company coverage: STLAM.MIReuters
Feb 3, 2025
Other
Target is sued for defrauding shareholders about DEI
By Jonathan Stempel Feb 3 (Reuters) - Target TGT.N has been sued for allegedly concealing the risks of its diversity and social initiatives, leading to a backlash that caused customers to flee and the stock price of the Minneapolis-based retailer to plummet.In a proposed class action on Friday, s...Reuters
Feb 3, 2025
