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BRIEF-Robinhood Receives Formal Request From CFTC To Roll Back Pro Football Championship Market
Feb 4 (Reuters) - Robinhood Markets Inc HOOD.O:ROBINHOOD RECEIVES FORMAL REQUEST FROM THE CFTC TO ROLL BACK THE PRO FOOTBALL CHAMPIONSHIP MARKETROBINHOOD MARKETS: CFTC FORMALLY REQUESTED THAT ROBINHOOD DERIVATIVES, LLC “NOT PERMIT CUSTOMERS TO ACCESS” SPORTS EVENT CONTRACTSROBINHOOD MARKETS: "WE...Reuters
Feb 4, 2025
Other
Robinhood receives US CFTC request to roll back Super Bowl prediction contracts
Feb 4 (Reuters) - Robinhood said on Tuesday it had received a formal request from the U.S. Commodity Futures Trading Commission to roll back its Super Bowl betting contracts product. The trading platform had launched the event contracts on Monday to let U.S. customers wager on the outcome of the Su...Reuters
Feb 4, 2025
Other
Elon Musk and OpenAI head to court to spar over nonprofit conversion
Musk sues to block OpenAI's conversion to a for-profit structureMusk cofounded OpenAI with Altman in 2015OpenAI argues for-profit move needed for capitalNonprofit to for-profit conversion rare, expert says OAKLAND, Calif., Feb 4 (Reuters) - - Lawyers for Elon Musk and ChatGPT maker OpenAI are...Reuters
Feb 4, 2025
Stocks
PayPal Holdings Inc reports results for the quarter ended December 31 - Earnings Summary
PayPal Holdings Inc PYPL.OQ reported quarterly adjusted earnings of $1.19 per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.48. The mean expectation of thirty four analysts for the quarter was for earnings of $1.12 per share. W...Reuters
Feb 4, 2025
Stocks
TransDigm Delivers EPS Beat in Fiscal Q1
TransDigm Group (NYSE:TDG), a leading designer and producer of aerospace components, released its fiscal 2025 first-quarter report on Feb. 4. The company reported better-than-expected earnings, with adjusted earnings per share (EPS) of $7.83 compared to the anticipated $7.67. This was a 9.4% increas...The Motley Fool
Feb 4, 2025
Other
Layoffs likely if too few US government employees quit, report says
Feb 4 (Reuters) - Layoffs of federal workers would be "likely" if too few employees quit under the White House's deferred resignation program, the Washington Post reported on Tuesday, citing a memo from a General Services Administration official. The White House last week offered 2 milli...Reuters
Feb 4, 2025
Indices
Dow Jones Industrial Average holds steady as markets brush off tariffs
The Dow Jones Industrial Average (DJIA) is testing the 44,450 region on Tuesday, with equities slowing their recent pace of volatility as United States (US) President Donald Trump walks back nearly all of his recent trade war blustering and kicks his self-imposed tariff can down the road for a third time.Fxstreet
Feb 4, 2025
Stocks
BUZZ-PJT Partners shares hit record high after Q4 results beat estimates
** Shares of PJT Partners PJT.N hit record high on Tues after the boutique investment bank reported quarterly results that beat analyst estimates driven by strong growth in advisory and placement fees** PJT jumped >15% to record high of $190.28, on track for biggest daily pct gain since Nov last ...Reuters
Feb 4, 2025
Stocks
Pfizer shows profit growth from cost cuts and steadier COVID sales
Pfizer's Q4 revenue beats expectations with $17.8 billion; EPS also beatsCost-cutting measures to save Pfizer $4.5 billion by year-endAnalysts shift focus to Pfizer's future drug pipeline and Seagen acquisitionCOVID vaccine sales exceed expectationsShares gain 2.6% in early tradingAdds graph...Reuters
Feb 4, 2025
Commodities
EU wheat holds at three-week high on tariff relief
PARIS, Feb 4 (Reuters) - Euronext wheat futures held around a three-week peak on Tuesday as the suspension of U.S. tariffs against Canada and Mexico along with a limited riposte by Beijing to U.S. levies on Chinese imports eased concerns about disruption to grain trade.Signs of reduced wheat availab...Reuters
Feb 4, 2025
Other
US Democrats push legislation to 'fight back' against Trump policies
WASHINGTON, Feb 4 (Reuters) - Democratic U.S. congressional leaders will push legislation this week to "prevent unlawful meddling" by the newly created Department of Government Efficiency in the Treasury Department payroll system, Senate Democratic leader Chuck Schumer said on Tuesday.Billio...Reuters
Feb 4, 2025
Other
Rubio says US will study 'very generous' El Salvador offer on jails
SAN JOSE, Feb 4 (Reuters) - U.S. Secretary of State Marco Rubio on Tuesday called an offer by El Salvador's President Nayib Bukele to house dangerous criminals from the United States in his country's jails "very generous" and said the Trump administration would have to study it.Rubio...Reuters
Feb 4, 2025
Other
Fed ends two regulatory punishments imposed on Wells Fargo in 2011
Adds context on asset cap, stock performance in paragraphs 7, 10-11By Pete Schroeder, Nupur Anand WASHINGTON, Feb 4 (Reuters) - The Federal Reserve announced on Tuesday it had terminated a pair of enforcement actions imposed on Wells Fargo WFC.N in 2011, but said the bank's asset cap remained...Reuters
Feb 4, 2025
Other
General Motors acquires full ownership of Cruise autonomous business
By Kalea Hall DETROIT, Feb 4 (Reuters) - General Motors GM.N has finalized the complete acquisition of its Cruise autonomous vehicle unit to focus on developing the technology for personal vehicles instead of on robotaxis, the company announced on Tuesday. GM in December said it would halt fundin...Reuters
Feb 4, 2025
Stocks
PayPal Q4: Progress, but Concerns Linger
Here's our initial take on PayPal's (NASDAQ: PYPL) fourth-quarter results.Key MetricsMetricQ4 FY23Q4 FY24Changevs. ExpectationsRevenue$8.03 billion$8.37 billion 4%BeatEarnings per share$1.29$1.11-15%BeatTotal payment volume$409.8 billion$437.8 billion 7%n/aActive accounts422 million434 million 2.1%n...The Motley Fool
Feb 4, 2025
Stocks
BUZZ-PREVIEW: Alphabet shares hit fresh record as Q4 EPS, rev seen rising
** Shares in Google's parent Alphabet Inc GOOGL.O last up 1.4% on Tuesday, after hitting new record high, ahead of quarterly report due after market close ** Wall Street sees GOOGL posting Q4 adj EPS of $2.13 vs $1.64 in year-ago quarter on rev of $96.56 bln, up ~12% y/y, according to the latest...Reuters
Feb 4, 2025
Other
Trump and China's Xi will not speak on Tuesday, Wall Street Journal reports.
WASHINGTON, Feb 4 (Reuters) - U.S. President Donald Trump and Chinese leader Xi Jinping will not speak on Tuesday, a U.S. official told the Wall Street Journal, contrary to what trade adviser Peter Navarro said earlier in the day.Reuters
Feb 4, 2025
Stocks
Apollo's fourth-quarter profit tops estimates on strong fee growth, retirement unit
Assets under management jump 15%Fee-related earnings hit recordReports $61 bln in origination volumeAdds CEO comment in paragraph 5, analyst quote in paragraph 11; Updates sharesBy Niket Nishant Feb 4 (Reuters) - Alternative asset manager Apollo Global Management APO.N reported fourth-quarte...Reuters
Feb 4, 2025
Stocks
BUZZ-Madison Square Garden Sports falls after Q2 profit miss
** Shares of New York Knicks owner Madison Square Garden Sports Corp MSGS.N down as much as 4.1% to a nearly five-month low of $209.21** Company posted Q2 profit that missed Wall Street estimates, hurt by an increase in team personnel compensation, operating lease costs and professional fees** Repor...Reuters
Feb 4, 2025
Stocks
Centene's shares slip on higher Medicaid costs
Rewrites paragraph 1 after shares fall, analyst comment in paragraph 6, graphicBy Sriparna Roy and Sneha S KFeb 4 (Reuters) - Centene's CNC.N shares fell nearly 5% on Tuesday hurt by elevated costs tied to its government-backed Medicaid plans, overshadowing a better-than-expected quarterly pro...Reuters
Feb 4, 2025
