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DOJ criminal fraud, appeals chief under Biden joins law firm Sidley
By David Thomas Jan 28 (Reuters) - U.S. law firm Sidley Austin said Tuesday it has hired a longtime federal prosecutor who served as the third highest-ranking member of Justice Department's criminal division during the Democratic Biden administration.Lisa Miller will join Chicago-founded Sidl...Reuters
Jan 28, 2025
Other
Brazil Azul says it concluded debt restructuring process
SAO PAULO, Jan 28 (Reuters) - Brazilian airline Azul AZUL4.SA said on Tuesday it has finalized a debt restructuring process regarding financial obligations with bondholders, aircraft makers and firms that lease planes, according to a securities filing. Azul said the process included the termination ...Reuters
Jan 28, 2025
Economic Indicator
RBNZ's Conway: Interest rates moving toward neutral
Reserve Bank of New Zealand Chief Economist Paul Conway said late Tuesday that the interest rate will tend towards neutral in the absence of future shocks to the system as pandemic-related disruptions fade, per Reuters.Fxstreet
Jan 28, 2025
Other
Kohl's cuts 10% of its corporate workforce
Adds details and background from paragraph 2 onwards Jan 28 (Reuters) - Kohl's KSS.N said on Tuesday it has reduced nearly 10% of its corporate workforce, as the department store chain aims to improve profitability.The company said more than half of the total reductions would come from closin...Reuters
Jan 28, 2025
Other
Judge temporarily pauses Trump's freeze on grants, loans
Trump announces temporary freeze on federal aidNonprofits say pause of funds would be "devastating"Trump has said he has power to withhold moneyAdds lawsuit by states in paragraphs 9-10By Nate Raymond and Andrew Goudsward WASHINGTON, Jan 28 (Reuters) - A U.S. judge on Tuesday temporarily ...Reuters
Jan 28, 2025
Stocks
US tech shares recover some losses from steep DeepSeek selloff
Updates with U.S. closing prices, adds analyst comment, paragraph 5China's DeepSeek AI assistant surges in popularityUS, European tech shares mixedNvidia shares add 8.9% after 17% loss on MondayTech sector sector rises 3.6%, wiping some lossesBy Sinéad Carew, Medha Singh, Amanda Cooper NEW YO...Reuters
Jan 28, 2025
Other
US federal worker buyout program begins Tuesday, available to civilian employees, memo says
WASHINGTON, Jan 28 (Reuters) - A U.S. federal worker buyout program begins on Tuesday and is available to all federal civilian employees, with some exceptions, according to a White House email shared with Reuters.The email added that the deferred resignation program will allow benefits and pay until...Reuters
Jan 28, 2025
Other
RenRe Q4 CR deteriorates to 91.7%, estimates $750mn LA wildfires Q1 negative impact
By Michael LoneyJan 28 - (The Insurer) - RenaissanceRe has reported a Q4 earnings beat despite its combined ratio deteriorating 15.7 points, while the Bermudian company also disclosed it expects a $750mn Q1 net negative impact from the Los Angeles wildfires based on a 1.5 percent share of industry l...Reuters
Jan 28, 2025
Stocks
Why Nvidia Stock Skyrocketed Today
Shares of Nvidia (NASDAQ: NVDA) spiked Tuesday. The company's stock gained 8.9% as of market close. The move up comes as the S&P 500 and Nasdaq Composite gained 0.9% and 2%, respectively.Nvidia's stock felt some relief after a major sell-off on Monday that was spurred by a new AI entrant, DeepSeek.S...The Motley Fool
Jan 28, 2025
Economic Indicator
Trump still expects to impose Feb 1 tariffs on Canada and Mexico, White House says
Trump tariff deadline 'still on the books,' White House saysWhite House says Trump also still mulling Feb 1 China dutiesMuch more trade at stake than in Colombia tariff war threatsAdds quotes; details on Trump trade threats on Mexico, Canada, China and Colombia; link to Lutnick testimony, fr...Reuters
Jan 28, 2025
Cryptocurrencies
Bitcoin’s Next Move: A Final Leg Up or Just the Beginning? Analyst Weighs In
Bitcoin is showing signs of a gradual recovery following its earlier pullback. After dipping below the $100,000 mark, the cryptocurrency has regained ground, currently trading above $102,000. This represents a 6.3% increase over the past two weeks. Amid this upward trajectory, a CryptoQuant analyst ...NewsBTC
Jan 28, 2025
Stocks
Littelfuse Inc reports results for the quarter ended December 31 - Earnings Summary
Littelfuse Inc LFUS.OQ reported quarterly adjusted earnings of $2.04 per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $2.02. The mean expectation of five analysts for the quarter was for earnings of $2.06 per share. Wall Street ...Reuters
Jan 28, 2025
Stocks
Veritex Holdings Inc reports results for the quarter ended December 31 - Earnings Summary
Veritex Holdings Inc VBTX.OQ reported quarterly adjusted earnings of 49 cents per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of six analysts for the quarter was for earnings of 55 cents per share....Reuters
Jan 28, 2025
Stocks
Trustmark Corp reports results for the quarter ended December 31 - Earnings Summary
Trustmark Corp TRMK.OQ reported quarterly adjusted earnings of 92 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of five analysts for the quarter was for earnings of 83 cents per share. Wal...Reuters
Jan 28, 2025
Other
Insurer Chubb's profit rises on strong underwriting business, investment income
Jan 28 (Reuters) - Insurance company Chubb CB.N posted a rise in fourth-quarter profit on Tuesday, helped by strong gains in its underwriting business and higher returns on its investments.However, the Zurich-based insurer said it expects a pre-tax net cost of $1.5 billion from the California fires,...Reuters
Jan 28, 2025
Stocks
CrossFirst Bankshares Inc reports results for the quarter ended December 31 - Earnings Summary
CrossFirst Bankshares Inc CFB.OQ reported quarterly adjusted earnings of 45 cents per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 39 cents. The mean expectation of four analysts for the quarter was for earnings of 43 cents per ...Reuters
Jan 28, 2025
Stocks
Point72’s Cohen says Trump’s policies could halt markets' rise this year
Tariffs, immigration policies are among Cohen's concernTrump's measures could make it tougher to bring inflation downHedge fund investor said DeepSeek is a bullish event on AIAdds comments about markets, Point72's future plans from paragraph 2By Carolina Mandl MIAMI, Jan 28 (Reuters) ...Reuters
Jan 28, 2025
