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Musk's DOGE cuts based more on political ideology than real cost savings so far
Adds firing of CFPB workersMusk 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 Project 2025 report, including...Reuters
Feb 12, 2025
Other
CME Group's profit rises as hedging demand lifts trading volume
Updates CEO's comment, share price, bylineBy Pritam Biswas and Laura MatthewsFeb 12 (Reuters) - Exchange operator CME Group CME.O reported a higher fourth-quarter profit on Wednesday, helped by increased hedging activity by investors looking to mitigate risks from geopolitical and economic uncer...Reuters
Feb 12, 2025
Stocks
BUZZ-WiSA Technologies rises on Dolby audio partnership
** Shares of sound technology firm WiSA Technologies WISA.O rise 30% to $1.48** WISA says it has partnered with Dolby Laboratories DLB.N to improve wireless audio integration on Android and Linux platforms** Partnership will make it easier and faster for companies to add high-quality audio to their ...Reuters
Feb 12, 2025
Commodities
U.S. inspectors general sue over Trump's decision to fire them
WILMINGTON, Delaware, Feb 12 (Reuters) - Eight U.S. inspectors general filed a lawsuit on Wednesday challenging President Donald Trump's decision to fire them, according to a court filing.Trump has fired at least 17 inspectors general, independent watchdogs who act as a check on abuse and misman...Reuters
Feb 12, 2025
Stocks
Kraft Heinz forecasts weak profit as high prices put off thrifty shoppers
Kraft misses sales estimates for fourth straight quarterHigher investments hurt quarterly marginsShares down about 4% in early tradingAdds shares, executive comment in paragraph 5By Anuja Bharat MistryFeb 12 (Reuters) - Kraft Heinz KHC.O forecast annual profit below estimates on Wednesday as years o...Reuters
Feb 12, 2025
Cryptocurrencies
XRP Price Predicted To Hit $4.20 By July However Chainlink Holders Turn Towards Panshibi (SHIBI) 100x Predicted Presale In February
Crypto markets are buzzing as an XRP price prediction of $4.20 by July fuels excitement among traders. With momentum building and institutional interest on the rise, XRP appears to be gearing up for a breakout. Yet, while investors anticipate steady gains, a new contender is drawing attention, Panshibi (SHIBI), a high-potential meme coin presale that’s […]Cryptopolitan
Feb 12, 2025
Commodities
Packaging giant Smurfit Westrock says Mexico tariffs would squeeze US consumer spending
By Padraic HalpinDUBLIN, Feb 12 (Reuters) - The world's largest cardboard box maker Smurfit Westrock SW.N expects U.S. consumer spending to be squeezed significantly if 25% tariffs on Mexican goods go ahead, its CEO said on Wednesday after the company's shares dropped on disappointing fourt...Reuters
Feb 12, 2025
Other
Willis adds Lockton’s Donahue as cross industry Midwest property broking leader within CRB NA
By Mia MacGregorFeb 12 - (The Insurer) - WTW business Willis has appointed former Lockton executive Guy Donahue as cross industry Midwest property broking leader within corporate risk and broking North America (CRB NA). Donahue joins Willis after five years at Lockton, where he served as a senior ac...Reuters
Feb 12, 2025
Other
English Premier League clubs warned over promoting illegal gambling sites in Britain
By Aby Jose Koilparambil and Yadarisa Shabong Feb 12 (Reuters) - Britain's gambling regulator said on Wednesday it would write to three Premier League soccer clubs - Everton, Nottingham Forest and Leicester City - warning them of the risks associated with promoting illegal gambling websites o...Reuters
Feb 12, 2025
Other
US taps Apple exec to serve as top auto safety regulator
Trump nominates Apple employee as top auto safety regulatorJonathan Morrison will oversee ongoing probes into TeslaMorrison was former chief counsel at NHTSAAdds more details, background in paragraphs 3-10By David Shepardson WASHINGTON, Feb 12 (Reuters) - President Donald Trump has nominated an A...Reuters
Feb 12, 2025
Commodities
First Quantum will not rush into sale of Zambian copper mines stake
Adds background, more details in paragraphs 4-6 JOHANNESBURG, Feb 12 (Reuters) - First Quantum Minerals FM.TO will not rush into a deal to sell a minority stake in its Zambian copper mines, CFO Ryan MacWilliam told analysts on Wednesday after the miner's fourth-quarter results.The Toronto-bas...Reuters
Feb 12, 2025
Stocks
BUZZ-Intel extend gains after VP Vance's speech supporting US-made AI systems
Updates** Shares of Intel INTC.O extend gains on Wednesday after a 6.1% rise in previous session; last up 1.7% at $21.33 in early morning trading** U.S. Vice President JD Vance said at the AI summit in Paris on Tuesday that President Donald Trump's administration would ensure that the most power...Reuters
Feb 12, 2025
Cryptocurrencies
Crypto Market Trends in February: Institutional Growth, AI, and DeFi
The cryptocurrency market started 2025 with strong momentum, reaching a peak market cap of $3.76 trillion on January 7. This surge was fueled by pro-crypto policies from the U.S. government, including discussions on a national crypto reserve, stablecoin regulations, and tax incentives for digital as...NewsBTC
Feb 12, 2025
Other
California insurance commissioner Lara approves $1bn Fair Plan assessment
By Mia MacGregorFeb 12 - (The Insurer) - California insurance commissioner Ricardo Lara has approved the Fair Plan’s request for a $1bn assessment from its member companies to help pay consumer claims after the Southern California wildfires.This move aligns with Lara’s Sustainable Insurance Strategy...Reuters
Feb 12, 2025
Stocks
CVS Health tops profit estimates as new CEO pursues turnaround; shares surge
Updates shares in paragraph 2, adds company comments from conference call in paragraphs 5 and 9, analyst comment in paragraph 12, graphicBy Amina Niasse and Sriparna RoyFeb 12 (Reuters) - CVS Health CVS.N beat Wall Street estimates for fourth-quarter profit on Wednesday and provided an annual forec...Reuters
Feb 12, 2025
Cryptocurrencies
US to release Russian Alexander Vinnik as part of exchange that freed Fogel - New York Times
Feb 12 (Reuters) - The United States will release Russian Alexander Vinnik, a suspected cybercrime kingpin, as part of an exchange with Russia that freed Marc Fogel, the New York Times reported on Wednesday. Vinnik operated BTC-e, once one of the world's largest cryptocurrency exchanges. He was ...Reuters
Feb 12, 2025
Stocks
Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Cathie Wood had one of her busiest days on the trading floor in months on Tuesday. The co-founder, CEO, and ace stock picker at Ark Invest added to 17 different existing positions across her aggressive growth exchange-traded funds in a single day.I think some of her more interesting purchases on Tue...The Motley Fool
Feb 12, 2025
Stocks
This Was the Average Social Security Benefit in 1995, and Here's What It Is Now
Those of us who are not whippersnappers anymore can probably remember the year 1995 and some of its key events -- such as the O.J. Simpson trial, the Oklahoma City bombing, and the launch of an online bookstore -- Amazon.com. What we probably don't remember, or didn't ever know, was how much money r...The Motley Fool
Feb 12, 2025
