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Southwest Airlines Names Tom Doxey as Chief Financial Officer

Southwest Airlines names Tom Doxey as new CFO, replacing retiring Tammy Romo.

Tesla's China Slump Fuels Weekly Losses Amid Competition, Musk's Politics

Tesla stock had a rough week as China deliveries slumped 11.5% in January, while BYD sales surged 47%. Germany sales also plunged to their lowest since 2021. The US suspended federal funding for EV chargers, impacting shares of ChargePoint, Blink, and EVgo. Tesla has received an estimated $31 million through the program.

Bank of America CEO Brian Moynihan's 2024 Compensation Set at $35 Million

Bank of America CEO Brian Moynihan received a 21% compensation increase to $35 million for 2024, driven by strong performance including increased interest income and a 10% bonus pool increase for investment bankers.

Fed's Kashkari sees 'modestly' lower rates by year-end if inflation cools

Minneapolis Fed President Neel Kashkari says strong labor market data and cooling inflation suggest the Fed may lower rates modestly by year-end.

Arc Resources reports $264.7 million quarterly profit

Arc Resources Ltd. reported fourth-quarter profit of $264.7 million, or 45 cents per share, on revenue of $859.4 million. For the year, the company reported profit of $820.5 million, or $1.37 per share, on revenue of $2.98 billion.

Esco Technologies Reports Q1 Earnings

Esco Technologies reports Q1 profit of $23.5 million, EPS of 91 cents. Revenue for the quarter was $247 million. For the current quarter, Esco Technologies expects EPS in the range of $1.20 to $1.30. For the full year, the company expects earnings in the range of $5.55 to $5.75 per share.

Farm Frens Delays Token Airdrop Amid Telegram's Exclusivity Shift to TON

Farm Frens delays token airdrop due to Telegram's exclusivity shift to TON. Developers express concerns with "unreasonable deadlines" and lack of notice.

Dollar Drops to 8-Week Low Against Yen, as Trade Tensions Ease

The U.S. dollar has weakened against the yen and sterling, as investor concerns about a global trade war have eased. Japan's currency has also been supported by rising expectations for further interest rate hikes from the Bank of Japan. Sterling is firm even with the Bank of England expected to cut rates later today.

Hollywood Studios Take a Cautious Approach to AI's Commercial Potential

Hollywood studios are hesitant to embrace AI for fear of losing control over data and angering unions. OpenAI's Sora, a video-generating AI tool, has been met with cautious interest from studios despite its potential to reduce animation and visual effects costs. While some studios, like Lionsgate, have formed partnerships with AI startups, widespread adoption remains elusive due to ongoing discussions on deal frameworks and profit-sharing arrangements.

US Stock Futures Edge Lower as China Retaliates with Tariffs

US stock futures slipped Tuesday as investors assessed China's response to Trump's new tariffs, amid worries about a trade war. China hit back with tariffs on US goods, but some see its response as showing restraint that could open the door to compromise.