Month: February 2025
The New York Stock Exchange is launching an exchange in Texas
Key Points NYSE Chicago, previously the Chicago Stock Exchange, will soon become NYSE Texas. Last month, TXSE Group announced that it had filed for registration of the Texas Stock Exchange with the Securities and Exchange Commission. Texas has also emerged as a competitor to Delaware as the legal home of major companies. Source
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Stocks making the biggest moves midday: CVS, Zillow, Avis Budget, Kraft Heinz and more
Check out the companies making headlines in midday trading. Baidu — The Chinese tech stock added 4% after a source familiar with the matter revealed that Baidu plans to release the next generation of its AI model later this year. The source said that “foundational model” Ernie 5.0 will have “big enhancements in multimodal capabilities.” […]
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Warren Buffett’s Berkshire buys more Occidental after 30% sell-off from record high
In this article OXY BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s Berkshire Hathaway purchased more shares of Occidental Petroleum after the oil and gas producer tumbled more than 30% from its record high. The Omaha, Nebraska-based conglomerate scooped […]
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Stocks making the biggest moves premarket: CVS, Super Micro Computer, Meta Platforms and more
Check out the companies making headlines before the bell: CVS — Shares jumped more than 8% after the pharmacy operator reported fourth-quarter results that beat analysts’ expectations. The company earned an adjusted $1.19 per share on revenue of $97.71 billion. Analysts polled by LSEG expected a profit of 93 cents per share on revenue of […]
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Mitch McConnell says Trump’s trade war will raise prices: ‘Tariffs are bad policy’
Then President Donald Trump speaks to the media while flanked by Senate Majority Leader Mitch McConnell after arriving at a Senate Republican weekly policy luncheon at the U.S. Capitol March 26, 2019 in Washington, DC. Mark Wilson | Getty Images Republican Sen. Mitch McConnell is speaking out against President Donald Trump’s sweeping tariff plans, warning […]
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Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024, […]
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Prebiotic soda brand Olipop valued at $1.85 billion in latest funding round
Super Bowl Ad Olipop Poppi Soda Source: Olipop Prebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company. Founded in 2018, Olipop has helped fuel the growth of the prebiotic soda category, along with rival Poppi, which highlighted its drinks […]
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Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the […]
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Watch Fed Chair Powell speak live before House Financial Services Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on monetary policy. The central bank leader appears before the House […]
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Trump says interest rates should be lowered to go ‘hand in hand’ with his tariffs
U.S. President Donald Trump speaks in the Oval Office of the White House in Washington, D.C., U.S., Feb. 11, 2025. Kevin Lamarque | Reuters President Donald Trump again switched positions on the Federal Reserve, indicating in a social media post Wednesday that interest rates need to come down. “Interest Rates should be lowered, something which […]
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