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  • Feb 12, 2025

US sanctions strand Iran, Russia oil on tankers, driving up crude costs

The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs, trade sources and analysts said. Washington has imposed multiple rounds of sanctions on ships and entities dealing with oil from Iran and Russia since October, disrupting trade with major importers China and India. U.S. President Donald Trump last week restored his "maximum pressure" campaign on Iran that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon.

  • Feb 12, 2025

CVS Health’s (NYSE:CVS) Q4 Sales Top Estimates, Stock Soars

Diversified healthcare company CVS Health (NYSE:CVS) announced better-than-expected revenue in Q4 CY2024, with sales up 4.2% year on year to $97.71 billion. Its non-GAAP profit of $1.19 per share was 29.6% above analysts’ consensus estimates.

  • Feb 12, 2025

Wabtec (NYSE:WAB) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops

Rail equipment company Westinghouse Air Brake Technologies (NYSE:WAB) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.3% year on year to $2.58 billion. The company’s full-year revenue guidance of $10.88 billion at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $1.68 per share was 3% below analysts’ consensus estimates.

  • Feb 12, 2025

Trump Advisers Look to Shift US Foreign Aid to Wall Street Ally

(Bloomberg) -- President Donald Trump’s advisers have discussed shifting billions in funding from USAID to a government-run agency due to be headed up by the dealmaker son of Apollo Global Management co-founder Leon Black, part of an overhaul of how the US wields economic power internationally.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome T

  • Feb 12, 2025

Could Dogecoin Make You a Millionaire in 2025?

If you are looking for multibagger returns, crypto should be on your radar. Let's explore the pros and cons of Dogecoin (CRYPTO: DOGE) to decide if it still has millionaire-maker potential. Launched in 2013, Dogecoin is widely considered to be the first meme coin, a type of cryptocurrency usually based on online jokes and sarcasm.

  • Feb 12, 2025

Morning Bid: Calm descends as inflation, tariffs parsed

Hyperactive U.S. policy moves appear to have frozen macro markets this week, with Wednesday's key U.S. inflation release set to hold Federal Reserve boss Jerome Powell's benign take on economy up to the light. Powell basically told Congress on Tuesday that the economy was fine and that Fed policy was sufficiently well calibrated to deal to with uncertainties surrounding the new government plans - credit is still 'restrictive' while they wait and see. "We are in a pretty good place," Powell told the Senate committee - citing tariffs, immigration, fiscal and regulatory policy as the key variables the Fed will "try to make sense of".

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