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US consumer sentiment plunges in February on tariff worries

21 Feb 2025

(Reuters) – U.S. consumer sentiment dropped more than expected in February to a 15-month low and inflation expectations rocketed as households worried that President Donald Trump’s plans for steep and broad-based tariffs would eat into their purchasing power. The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dropped to 64.7 …

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Brazil’s Azul approves capital increase with Neeleman investment

21 Feb 2025

SAO PAULO (Reuters) – Brazilian airline Azul’s board of directors has approved a capital increase as part of an out-of-court restructuring that gave lessors equity in lieu of nearly $550 million in obligations, the company said late on Thursday. The capital increase of up to 3.37 billion reais ($591 million) came through the issuance of …

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Russia could concede $300 billion in frozen assets as part of Ukraine war settlement, sources say

21 Feb 2025

MOSCOW (Reuters) – Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money is spent on the one-fifth of the country that Moscow’s forces control, three sources told Reuters. Russia and the United States held their first face-to-face talks on …

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AI startup Genspark raises $100 million to compete with Google, source says

21 Feb 2025

By Anna Tong (Reuters) – Search startup Genspark has raised $100 million in a series A funding round, valuing the startup at $530 million, according to a source familiar with the matter, as the race to use artificial intelligence to disrupt Google’s stranglehold on the search engine market heats up. The Palo Alto-based company currently …

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JPMorgan analysts see no special Aramco dividend this year

21 Feb 2025

By Yousef Saba DUBAI (Reuters) – Saudi Aramco is forecast to have no performance-linked dividend this year after a more balanced 2024 cash cycle following earlier bumper results that backed the special payout, JPMorgan said in a research note on Friday. “The past 18M (18 months) has delivered elevated performance-linked divs funded by premium FY22/23 …

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US equity funds attract inflows on inflation relief, earnings optimism

21 Feb 2025

(Reuters) – U.S. equity funds attracted inflows for the first time in three weeks in the seven days to February 19, buoyed by easing inflation concerns and strong fourth-quarter corporate earnings that boosted risk appetite. Investors bought a net $1.59 billion worth of U.S. equity funds during the week, registering only their second weekly net …

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L3Harris pushes ahead on Arkansas rocket motor factories

21 Feb 2025

(Reuters) – L3Harris Technologies said on Thursday it has begun constructing four solid rocket motor production facilities at its Camden site in Arkansas as demand for missiles accelerates amid escalating geopolitical tensions. The expansion, part of a $215.6 million agreement under the Pentagon’s Defense Production Act program, aims to increase domestic manufacturing capacity through the …

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Riyadh Air CEO says airline supply chain issues starting to improve

21 Feb 2025

By David French MIAMI (Reuters) -Supply chains for major planemakers Boeing and Airbus are showing signs of moderate improvement, the chief executive of Saudi start-up Riyadh Air said on Thursday. Securing adequate parts, for both new and existing planes, has been a major problem for the airline industry in recent years. The causes ranged from …

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Fed’s Barr, stepping down from regulatory post, warns against weaker bank rules

21 Feb 2025

By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve’s top regulatory official cautioned Thursday against a weakening of bank rules and oversight that could make firms vulnerable to surprise shocks. Fed Vice Chair for Supervision Michael Barr, who is stepping down from the regulatory post at the end of February, cautioned against any push to significantly …

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