News
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Reuters16 minutes ago
Musk reorganizes xAI after SpaceX merger and ahead of blockbuster IPO
Reuters21 minutes ago
CANADA-CRUDE-Discount on Western Canada Select widens
Reuters23 minutes ago
AppLovin misses quarterly revenue estimates amid advertising competition
Reuters26 minutes ago
Olympics-Figure skating-France duo Fournier Beaudry and Cizeron capture Olympic ice dance gold
Reuters27 minutes ago
Canada's Manulife posts lower quarterly profit on North America weakness
Reuters27 minutes ago
Olympics-Speed skating-Heartbroken Wennemars says Games dream was ripped apart after having to skate again
Other
Musk reorganizes xAI after SpaceX merger and ahead of blockbuster IPO
Musk says xAI reorganized to speed up executionReorganization follows several co-founders’ exitsStartup chasing rivals OpenAI, GoogleBy Juby Babu and Krystal Hu Feb 11 (Reuters) - Elon Musk overhauled the management of his artificial intelligence startup xAI ahead of a planned initial public offe...Reuters
16 minutes ago
Commodities
CANADA-CRUDE-Discount on Western Canada Select widens
Feb 11 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Wednesday.WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with...Reuters
21 minutes ago
Other
AppLovin misses quarterly revenue estimates amid advertising competition
Feb 11 (Reuters) - Marketing platform AppLovin APP.O missed market estimates for fourth-quarter sales on Wednesday, indicating tepid demand for its advertising services amid increasing competition and an uncertain macroeconomic environment. Companies ranging from Big Tech to up-and-coming advertisin...Reuters
23 minutes ago
Other
Olympics-Figure skating-France duo Fournier Beaudry and Cizeron capture Olympic ice dance gold
By Lori EwingMILAN, Feb 11 (Reuters) - France's Laurence Fournier Beaudry and Guillaume Cizeron captured ice dance gold at the Milano Cortina Olympics on Wednesday, edging Americans Madison Chock and Evan Bates in a remarkable story of reinvention less than a year after they teamed up.Fournie...Reuters
26 minutes ago
Other
Canada's Manulife posts lower quarterly profit on North America weakness
Feb 11 (Reuters) - Manulife Financial MFC.TO reported a lower fourth-quarter profit on Wednesday, hurt by weakness in its Canada and U.S. units.Profit attributed to shareholders in Manulife's Canada and U.S. units dropped 43% and 21%, respectively.The results contrast with those from smaller pee...Reuters
27 minutes ago
Other
Olympics-Speed skating-Heartbroken Wennemars says Games dream was ripped apart after having to skate again
By Pearl Josephine Nazare MILAN, Feb 11 (Reuters) - Dutch speed skater Joep Wennemars said his Olympic dream had been "ripped apart" after a collision with China's Lian Ziwen led to a hurried re-skate that he believes cost him a medal in the men's 1,000 metres at the Milano Cortin...Reuters
27 minutes ago
Commodities
Ameren beats quarterly profit estimates on higher electricity rates
Feb 11 (Reuters) - Utility company Ameren Corp AEE.N narrowly beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by higher electricity rates and stronger retail sales in its Missouri unit, sending its shares up over 3% in extended trading.Utilities aim to shift higher grid-mod...Reuters
27 minutes ago
Commodities
Trump directs Energy Department to issue funds to keep coal plants online
By Valerie Volcovici and Trevor HunnicuttWASHINGTON, Feb 11 (Reuters) - President Donald Trump on Wednesday ordered the Defense Department to purchase electricity from coal-fired power plants in his latest effort to boost the coal sector. The move, which was announced at the White House as an execut...Reuters
31 minutes ago
Stocks
AST SpaceMobile descends on announcing $1 bln convertible, direct stock deals
AST SpaceMobile ASTS.O shares down 10.3% in extended trading to $87 as it seeks capital raiseMidland, Texas-based firm announces private offering of $1 bln convertible bonds (CBs) due Apr 15, 2036It intends to use net offering proceeds for general purposes, including accelerating deployment of contr...Reuters
31 minutes ago
Stocks
Viking Therapeutics plans to advance oral obesity drug to late-stage testing
Feb 11 (Reuters) - Viking Therapeutics VKTX.O said on Wednesday that it plans to test its experimental oral obesity drug in a late-stage study later this year.Shares of the company rose nearly 10% to $31.28 in after-market trading. The company plans to advance a tablet form of its experimental obesi...Reuters
32 minutes ago
Other
Sun Life's quarterly profit rises on strong North America performance
Feb 11 (Reuters) - Canada's Sun Life Financial SLF.TO reported a jump in fourth-quarter profit on Wednesday, driven by strong growth in its U.S. and Canada divisions.Underlying net income from the company's Canada operations rose 13.9% while the U.S. unit saw a more than 30% jump."We saw...Reuters
33 minutes ago
Commodities
Marathon shuts oil refinery in Catlettsburg, Kentucky, due to power interruption
By Nicole JaoNEW YORK, Feb 11 (Reuters) - Marathon Petroleum MPC.N shut its refinery in Catlettsburg, Kentucky, due to a brief power supply interruption on Tuesday evening, industry monitor IIR Energy said on Wednesday.The facility remained offline on Wednesday, IIR Energy said in a note. "As a ...Reuters
35 minutes ago
Other
EXCLUSIVE-Trump’s ‘Stop the Steal’ lawyer pushed for voter fraud evidence from US intelligence agency
Kurt Olsen pushed for evidence to support Trump claims of fraud in 2020 electionODNI denies Olsen's involvement in Puerto Rico voting machine probeUS intelligence agencies are not authorized to engage in politicsBy Erin Banco, Phil Stewart and Jonathan LandayWASHINGTON, Feb 11 (Reuters) - A lawy...Reuters
37 minutes ago
Commodities
Albemarle to idle Australia lithium plant after profit miss
Feb 11 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium, posted a larger-than-expected quarterly loss on Wednesday and said it would idle a major Australian processing plant as it continues to face weak prices for the battery metal. Shares of the Charlotte, North Carolina...Reuters
37 minutes ago
Other
Trump and Xi may extend trade truce at Beijing summit, SCMP reports
Feb 12 (Reuters) - The United States and China may extend a trade truce for as long as a year when U.S. President Donald Trump and Chinese President Xi Jinping are expected to meet in Beijing in early April, the South China Morning Post said on Thursday, citing sources.Reuters could not immediately ...Reuters
39 minutes ago
Economic Indicator
PBOC: Limited inflation constraint, easing likely – ING
ING expects Chinese inflation dynamics to have limited impact on People’s Bank of China policy in 2026. Lynn Song argues that CPI will again undershoot an expected 2% target, but this shortfall should not constrain monetary decisions.Fxstreet
39 minutes ago
Other
Granite Point Mortgage Trust Q4 net loss impacted by credit loss provision
OverviewMortgage REIT's Q4 net loss was $27.4 mln, impacted by $14.4 mln credit loss provisionCompany's loan portfolio is 97% floating rate, with $1.8 bln in total commitmentsPost-Q4, company reduced leverage ratio from 2.0x to 1.7xOutlookGranite Point plans to reallocate capital for new ori...Reuters
40 minutes ago
