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Trump Administration Policies Undermine Credit Quality of US States

Trump administration policies and executive orders undermine the credit quality of US states, reducing state aid to local governments, colleges, and hospitals, according to Municipal Market Analytics.

Rivian's Q4 Surprise: Gross Profit, Lower EBITDA Loss Guidance

Rivian posts gross profit in Q4, narrows 2024 EBITDA loss, and forecasts continued growth in 2025, despite a dip in stock price.

Fortescue Profit Plunges 53% as Iron Ore Demand Weakens

Fortescue's profit plunges 53% on weak iron ore demand from China; dividend halved; Iron Bridge project update.

Farmers Insurance Expects $600 Million in Losses From Los Angeles Fires

Farmers Insurance expects to lose $600 million from the Los Angeles fires, attributing its minimized losses to a focused coverage approach, strong capital base, and comprehensive reinsurance program.

Wall Street Bank CEOs See Pay Bumps, with Citigroup's Fraser Getting Biggest Boost

Citigroup CEO Jane Fraser received a 33% pay raise to $34.5 million in 2024, the biggest increase among Wall Street bank CEOs.

Elon Musk's Silence on Trump's Tariff Plans Raises Questions About Tesla CEO's Political Stance

Elon Musk remains silent on President Trump's tariff plans, despite his frequent tweeting and support for the president's agenda. Musk's past comments on tariffs have focused on reciprocity to drive down duties, while Trump touts tariffs as beneficial and a revenue source. Musk's meeting with Indian Prime Minister Modi raised concerns about potential conflicts of interest related to Tesla's business interests in India, which could be affected by EV tariffs.

Expeditors Beats Estimates in Strong Q4

Expeditors International had a strong fourth quarter, with both revenue and profits beating analyst estimates. Revenue was up 30% to $2.95 billion, operating income up 51%, and net earnings up 49%.

Savings Interest Rates Today: Where to Find the Best Offers

Compare savings interest rates today to find the best offers, with the top rate available being 4.50% APY. Take advantage of these high rates and open a high-yield savings account to maximize your earnings.

Inflation Surges Higher in January, Complicating Fed's Path Forward

January inflation rises more than expected, with core prices reversing last month's easing trend, complicating the Federal Reserve's path forward.

SEC seeks court stay in lawsuit over climate change disclosure rule

The SEC is asking a court to pause proceedings in a lawsuit over a climate disclosure rule passed by the previous chair and swiftly stayed amid controversy.