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  • Feb 19, 2025

Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say

(Reuters) -Around $99 million worth of cryptocurrency was withdrawn from the marketplace of a coin at the centre of a scandal in Argentina by eight digital wallets linked to the crypto token's creator, blockchain researchers said. Argentinian President Javier Milei recommended the little-known crypto coin $LIBRA late on Friday in a post on X, but later deleted the post and denied having any link to the cryptocurrency. A federal judge is investigating the token's launch and Milei's involvement in it, after the coin, promoted by Milei on Friday, soon shot up above $4.50 apiece then plummeted just hours later.

  • Feb 19, 2025

Jefferson Says Fed Can Take Its Time With Labor Market Solid

(Bloomberg) -- Federal Reserve Vice Chair Philip Jefferson said a strong economy allows policymakers to take their time before considering any additional cuts to interest rates.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Amid ScrutinyHe also said healthy

  • Feb 19, 2025

Activist Boom in Japan Is Upending Long-Short Stock Strategies

(Bloomberg) -- Takeover bids and activist intervention are shoring up shares of some Japanese companies seen as having weak fundamentals, making it harder for investors to succeed in short-selling strategies.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $830 Million Bond Vote Am

  • Feb 19, 2025

Fed's Jefferson says Fed can take time on next interest rate decision

Federal Reserve Vice Chairman Philip Jefferson said on Wednesday the U.S. central bank has time to weigh its next monetary policy move, citing a robust economy and still above target inflation. “The performance of the U.S. economy has been quite strong overall,” Jefferson said in the text of a speech to be delivered at a gathering at Vassar College. Jefferson said “bumpy” progress back to the target was likely following a percentage point’s worth of rate cuts last year.

  • Feb 19, 2025

Rogers (NYSE:ROG) Posts Q4 Sales In Line With Estimates But Stock Drops

Advanced materials manufacturer Rogers (NYSE:ROG) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 6.1% year on year to $192.2 million. On the other hand, next quarter’s revenue guidance of $187.5 million was less impressive, coming in 6.3% below analysts’ estimates. Its non-GAAP profit of $0.46 per share was 5.7% above analysts’ consensus estimates.

  • Feb 19, 2025

ACV Auctions (NASDAQ:ACVA) Beats Q4 Sales Targets But Stock Drops

Online used car auction platform ACV Auctions (NASDAQ:ACVA) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 34.8% year on year to $159.5 million. On the other hand, next quarter’s revenue guidance of $182.5 million was less impressive, coming in 2.9% below analysts’ estimates. Its GAAP loss of $0.16 per share was 11.1% below analysts’ consensus estimates.

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