Author: FX

AsiaVision/E+ via Getty Images Fidelity National Information Services (NYSE:FIS) is said to be making plans for a tax-free spin-off of its merchant business, offloading much of the business from its $43 billion Worldpay acquisition it 2019. The spin-off is expected to take several months to complete and Fidelity National (FIS) will also consider takeover offers it may get for the unit, according to a Reuters report late Friday, which cited people familiar. The spinoff may be announced as early as next week when FIS reports its Q4 results on Wednesday. The Reuters story comes after recent media sources, including Dealreporter,…

By Phil Stewart and Idrees Ali WASHINGTON (Reuters) – The U.S. military said on Saturday it still could not offer even basic details about an unidentified flying object it shot down off Alaska a day earlier, and announced it had spotted yet another high-altitude airborne object, now flying over Canada. U.S. President Joe Biden ordered the shoot-down of the UFO over sea ice near Deadhorse, Alaska on Friday, a day after U.S. pilots first spotted — and tried to identify — the object as it flew into U.S. airspace. The Pentagon on Friday offered only a few details, including that…

EuToch Super Bowl LVII is on Sunday. If you aren’t that interested in watching the game itself, perhaps you’ll tune in for the halftime show featuring Rihanna…or the ads, which are the most expensive to air the entire year. If you’re a regular NFL viewer, you’ll know that healthcare companies aren’t shy about advertising during the season. Yet when it comes to the Super Bowl, there are relatively few. This year isn’t different. So far, only continuous glucose monitor company DexCom (NASDAQ:DXCM) has bought a spot (featuring singer Nick Jonas), while Astellas Pharma (OTCPK:ALPMF) is airing a disease awareness commercial…

If energy prices continue their downward spiral and the price of bitcoin (BTC-USD) doesn’t fall back to the mid-teens, then “I think that’s going to be quite good” for bitcoin miners and “I suspect the worst is over” for them, Christopher Bendiksen, Bitcoin Research Lead at CoinShares, told Seeking Alpha in a recent interview. Indeed, in recent months, natural gas prices have erased much of last year’s exceptional gains buoyed by Russia’s war in Ukraine, partly due to an unusually warm winter. That in turn could bode well for bitcoin (BTC-USD) miners because lower energy/electricity prices would boost their profitability,…

© Reuters. A man sits among rubble in the aftermath of a deadly earthquake in Kahramanmaras, Turkey February 11, 2023. REUTERS/Guglielmo Mangiapane By Erol Dogrudogan KIRIKHAN, Turkey/BERLIN (Reuters) -Two German aid organisations suspended rescue operations in quake-hit Turkey on Saturday, citing security problems and reports of clashes between groups of people and gunfire. The German International Search and Rescue (ISAR) and Germany’s Federal Agency for Technical Relief (THW) said they would resume their work as soon as Turkish civil protection agency AFAD classifies the situation as safe. ISAR Operations Manager Steven Bayer (OTC:) said the security situation was slightly deteriorating…

robas The S&P 500 Materials sector was down -0.5% this week, with the Materials Select Sector SPDR Fund (XLB) trailing -0.8%. Gold futures (XAUUSD:CUR) reached nearly $1,890/oz during the five-day trading period, but prices dropped in the last two days and closed at around $1,865. Silver (XAGUSD:CUR) was down nearly -1.6%, marking its fourth straight weekly loss. Prices have dropped nearly -7% in the past month. Precious metal prices will move depending on the Federal Reserve’s next move. Lower-than-expected inflation would help gold, but continued Fed rate hikes will put pressure on prices. Copper futures (HG1:COM) also had a tough…

bbsferrari Nikola Corporation (NASDAQ:NKLA) has reportedly begun work on hydrogen plants as it looks to build out a fueling network for the zero-emissions truck market. The maker of heavy-duty commercial battery-electric vehicles has also inked deals with hydrogen producers that have agreed to supply hydrogen in parts of the U.S. and Canada. Nikola aims to have 7,500 heavy-duty trucks on the road by 2026. In January, Nikola (NKLA) said it would work with Fortescue Future Industries to co-develop U.S. green hydrogen production facilities and announced separately that it developed a heavy-duty, 700 bar (10,000 psi) hydrogen mobile fueler capable of…

2/2 © Reuters. FILE PHOTO: A general view shows protesters during a demonstration against French government’s pension reform plan in Paris as part of the third day of national strike and protests in France, February 7, 2023. The slogan reads “Macron’s pensions reform, i 2/2 By John Irish, Noemie Olive and Ingrid Melander PARIS/TOURS (Reuters) – Hundreds of thousands of people demonstrated across France on Saturday seeking to keep up pressure on the government over its pension reform plans, including a move to raise the retirement age to 64 from 62. After three days of nationwide strikes since the start…

vitpho/iStock via Getty Images The week, ending Feb. 10, saw the Industrial Select Sector SPDR (XLI) finished the week in the red (-0.69%). XLI was among the 10, out of the 11 S&P 500 sectors, which closed the week with losses ending a good run a seen in the last few weeks. ArcBest was the top industrial gainer (in our segment) but peer XPO was not so lucky and was dragged down to the worst performing stock of the week following its earnings results. The SPDR S&P 500 Trust ETF (SPY) fell -1.05% for the week, as market spirits were…

I’ve been writing about anecdotal reports that US home and auto sales suddenly picked up in the past few weeks. They’re the most interest-rate-sensitive part of the economy so they’ve been hit hard by Fed moves. However with rates ebbing early in the new year, a torrent of pent-up demand emerged.I think it’s telling.It shows that consumer still have money to spend and still want those houses and cars. Vehicle production was curtailed by the pandemic and still hasn’t caught up. Covid-19 also inspired many people to buy homes and start families; many were initially priced out but that demand…