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Wall Street rose, with the S&P 500 setting a new record high, as investors weighed the latest tariff threats from President Trump and news of a potential deal between Broadcom and Intel. Traders also digested the Federal Reserve's meeting minutes, which revealed that most central bank officials supported holding policy at restrictive levels amid concerns about persistent inflation.
Published on: February 19, 2025, 11:02 PM UTC
Palantir stock fell 10% after a Washington Post report said the Trump administration is telling the Pentagon to cut its budget, potentially affecting Palantir's government contracts revenue.
Published on: February 19, 2025, 11:02 PM UTC
Atlanta Federal Reserve President Raphael Bostic says interest rate cuts are still possible this year as the Fed assesses the economy and new Trump administration policies.
Published on: February 19, 2025, 11:01 PM UTC
Fed President Bostic: Rate cuts still possible as Fed digests Trump policies and inflation data
Published on: February 19, 2025, 11:01 PM UTC
Escalating tensions between pharmaceutical companies and pharmacy benefit managers (PBMs) in Washington, DC, as President Trump's administration seeks to prioritize patients over PBM profits.
Published on: February 19, 2025, 11:00 PM UTC
Asian markets poised for declines; muted Wall Street moves as Fed minutes signal no rush to cut rates
Published on: February 19, 2025, 11:00 PM UTC
ANZ's gross impaired assets hit highest levels since 2021 in Q1, as mortgage restructuring and higher interest rates impact asset quality.
Published on: February 19, 2025, 11:00 PM UTC
PRA Group Inc. (PRAA) reported fourth-quarter profit of $18.5 million, or 47 cents per share, topping Wall Street expectations. Revenue was $293.2 million. For the year, the company reported profit of $70.6 million, or $1.79 per share, on revenue of $1.11 billion.
Published on: February 19, 2025, 10:10 PM UTC
US stocks drift on mixed day, S&P 500 adds to record
Published on: February 19, 2025, 10:09 PM UTC
Churchill Downs Inc. (CHDN) reports Q4 earnings of 95 cents per share, below estimates. Revenue of $624.2 million surpasses forecasts.
Published on: February 19, 2025, 10:08 PM UTC