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THE DAY AHEAD-North America, February 6
To access a PDF version of this newsletter, please click here You can read The Day Ahead via TOPNEWS - U.S Companies or Canada page. If you would like to receive this newsletter through your email, please register at: https://solutions.lseg.com/TDA-subscription-page For Morning News Call U.S. -- a...Reuters
Feb 5, 2025
Stocks
BUZZ-Coherent rises on Q2 sales, profit beat
** Shares of laser and optical devices maker Coherent COHR.N up 9.9% at $99.00 in extended trade** COHR Q2 revenue of $1.43 billion beats estimates of $1.37 billion, helped by strong demand for its AI-related data centers, and growth in its telecom business** Q2 adjusted EPS of 95 cents tops estimat...Reuters
Feb 5, 2025
Stocks
Brazil's Itau Unibanco sees loan book rising by up to 8.5% in 2025
SAO PAULO, Feb 5 (Reuters) - Brazilian bank Itau Unibanco ITUB4.SA, Latin America's largest private lender by total assets, expects its total loan book to grow between 4.5% and 8.5% this year from 2024, it announced on Wednesday alongside its fourth-quarter earnings.Itau posted a net recurring p...Reuters
Feb 5, 2025
Other
Treasury Secretary Bessent says tariffs aimed at bringing manufacturing back to US
WASHINGTON, Feb 5 (Reuters) - U.S. President Donald Trump's tariff plans are largely aimed at bringing manufacturing back to the United States, Treasury Secretary Scott Bessent told Fox Business on Wednesday, singling out medical supplies and shipbuilding as targeted sectors.Bessent said Trump w...Reuters
Feb 5, 2025
Other
Rubio defends right-wing ideologue tapped for senior State Department job
By Simon Lewis GUATEMALA CITY, Feb 5 (Reuters) - U.S. Secretary of State Marco Rubio on Wednesday defended a right-wing ideologue with a history of inflammatory comments on women and minorities whom the Trump administration has appointed to a top State Department role, adding that his focus would...Reuters
Feb 5, 2025
Other
All 67 victims positively identified in Washington helicopter plane collision
WASHINGTON, Feb 5 (Reuters) - Officials said on Wednesday they have positively identified all 67 people killed in last week's midair collision between an American Airlines AAL.O passenger jet and a military helicopter over the Potomac River in Washington.A joint statement from agencies said on W...Reuters
Feb 5, 2025
Other
Corteva reports smaller fourth-quarter loss
Feb 5 (Reuters) - U.S. agrichemicals firm Corteva CTVA.N posted a smaller fourth-quarter loss on Wednesday, helped by strong prices and sales volumes.Net loss attributable to the Indianapolis-based company came in at $41 million, or $0.06 per share, for the three months ended December 31, compared w...Reuters
Feb 5, 2025
Other
Skyward delivers 21% Q4 GWP growth and 91.6% adj CR along with R&Q commutation
By James ThalerFeb 5 - (The Insurer) - Skyward Specialty preannounced Wednesday that it grew gross premiums written by 20.8 percent to $388.4mn in Q4 and delivered a 91.6 percent adjusted combined ratio, while disclosing it has commuted its loss portfolio transfer deal with R&Q. As part of the c...Reuters
Feb 5, 2025
Other
EXPLAINER-What to know about Trump's Gaza Strip proposal
WASHINGTON, Feb 5 (Reuters) - President Donald Trump's plan for the United States to "take over" Gaza, permanently displacing Palestinians who live there and creating the "Riviera of the Middle East," has upset Arab nations and Western allies and would overturn decades of America...Reuters
Feb 5, 2025
Cryptocurrencies
Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum
Solana is trading above the crucial $200 level after enduring days of extreme volatility and heavy selling pressure. Despite the uncertainty, Solana remains one of the strongest assets in the crypto market, sustaining its bullish momentum that has been in place since 2023. Investors and analysts are...NewsBTC
Feb 5, 2025
Other
Fed releases 2025 bank stress test scenarios
WASHINGTON, Feb 5 (Reuters) - The Federal Reserve announced on Wednesday it would be testing big banks against heightened stress in commercial and residential real estate markets as part of its annual stress tests.The Fed added the annual exams would include an additional exploratory component that ...Reuters
Feb 5, 2025
Stocks
US STOCKS-Wall St ends higher as investors digest earnings, rate cut prospects
FMC plunges 33.5% on lower quarterly revenue forecastAlphabet falls 7.3% after downbeat earnings, heavy AI spendIndexes up: Dow 0.71%, S&P 0.39%, Nasdaq 0.19%Updates after the closeBy Abigail Summerville and Shashwat Chauhan Feb 5 (Reuters) - All three major stock indexes closed higher on Wed...Reuters
Feb 5, 2025
Other
Trump's Gaza 'Riviera' echoes Kushner waterfront property dreams
Kushner sees valuable Gaza waterfront, Trump previously said could be "better than Monaco"Saudi Arabia doubts plan's feasibility, source saysGulf countries refuse Gaza investment without Palestinian state pathwayBy James Mackenzie JERUSALEM, Feb 5 (Reuters) - U.S. President Donald Tru...Reuters
Feb 5, 2025
Stocks
GLOBAL MARKETS-Wall St edges higher, Treasury yields slide amid mixed earnings, data
Alphabet earnings weigh on AI stocksEurope shares helped by Novo Nordisk beatRecord U.S. imports widens trade gap, services weaken Gold hits new peak amid trade tensionsBy Stephen Culp NEW YORK, Feb 5 (Reuters) - U.S. stocks ended a see-saw session with gains and benchmark Treasury yields slid on...Reuters
Feb 5, 2025
Other
AFG estimates <$70mn CA wildfire hit, blames excess liability unit for adverse development
By Chris MunroFeb 5 - (The Insurer) - American Financial Group (AFG) has pegged its losses from the California wildfires at $60mn to $70mn, while the company’s management has laid the blame for its Q4 2024 adverse reserve at a unit focused on writing excess liability business for Fortune 500 and For...Reuters
Feb 5, 2025
Other
BRIEF-Envista Holdings Authorizes $250 Million Stock Repurchase Program Through 2026
Feb 5 (Reuters) - Envista Holdings Corp NVST.N:ENVISTA HOLDINGS CORP - AUTHORIZES $250 MILLION STOCK REPURCHASE PROGRAM THROUGH 2026Source text: [ID:n0001757073-25-000006]Further company coverage: NVST.NReuters
Feb 5, 2025
Commodities
Bottleneck at key Brazil grains transshipment facility clears
Rewrites with situation normalized in the first paragraph based on fresh statement from ANATC; response from Rumo's statementBy Ana Mano and Roberto SamoraSAO PAULO, Feb 5 (Reuters) - Operations at a large grain transshipment hub linking the heart of Brazil's farm country to the port of Sant...Reuters
Feb 5, 2025
Other
BRIEF-Hyzon Motors Names Christian Mohrdieck As President And Acting CEO
Feb 5 (Reuters) - Hyzon Motors Inc HYZN.O:HYZON MOTORS INC - ON FEBRUARY 4, PARKER MEEKS RESIGNED AS CEO AND DIRECTOR OF HYZON MOTORSHYZON MOTORS INC - APPOINTS CHRISTIAN MOHRDIECK AS PRESIDENT AND ACTING CEOSource text: [ID:n0001716583-25-000021]Further company coverage: HYZN.OReuters
Feb 5, 2025
Other
BRIEF-Allstate Jan California Wildfires Related Losses Are Expected To Be About $1.1 Billion, Pre-Tax, Net Of Reinsurance
Feb 5 (Reuters) - Allstate Corp ALL.N:ALLSTATE CORP - Q4 REVENUES $16.5 BILLIONALLSTATE CORP - Q4 ADJUSTED EPS $7.67ALLSTATE: JAN CALIFORNIA WILDFIRES RELATED LOSSES ARE EXPECTED TO BE ABOUT $1.1 BILLION, PRE-TAX, NET OF REINSURANCESource text: [ID:n0000899051-25-000009]Further company coverage: ALL...Reuters
Feb 5, 2025
