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Vale (VALE.N) CEO: Vale can achieve growth in its copper business without mergers and acquisitions.

Vale (VALE.N) CFO: With net debt falling sharply below $15 billion, the willingness to pay a special dividend has increased.

Coinbase (COIN.O) extended its gains to 15.1%.

February 13th - According to foreign media reports, the U.S. Supreme Court has set February 20th as the next date for issuing its opinion, with the world awaiting a ruling that could largely nullify President Trump's signature tariff policies. The report states that the justices are also expected to issue their opinions on February 24th and 25th. This tariff dispute is one of 12 cases debated in October or November that have yet to be decided. Data from the U.S. federal government shows that the disputed tariffs cost importers over $16 billion per month. Economic analyst Chris Kennedy calculates that at this rate, by February 20th, the total amount of taxes collected under the core law of the case, the International Emergency Economic Powers Act of 1977, could exceed $170 billion.

February 13th - MetLife economist Tani Fukui noted in a report that US inflation has been largely unaffected by tariffs. The January CPI was 2.4%, further approaching the Federal Reserve's 2% inflation target after December's 2.7% reading. "This is a very benign inflation report, supporting our view that the tariff transmission effect will be minimal this year," Fukui said, noting that "most commodity prices have risen modestly." Fukui maintains her forecast of three Fed rate cuts this year, "because our concerns about the labor market far outweigh our concerns about inflation."

February 13 – The U.S. Federal Trade Commission (FTC) is accelerating its review of Microsoft (MSFT.O) as part of an ongoing investigation into whether it illegally monopolizes a large share of the corporate computing market through cloud software and artificial intelligence products, including Copilot. Sources familiar with the matter said the agency has issued civil suits to Microsoft’s competitors in the business software and cloud computing markets in recent weeks. These suits include a series of inquiries about Microsoft’s licensing and other business practices. At least six companies have received such suits. Through these subpoenas, the FTC is seeking evidence that Microsoft makes it more difficult for customers to use products such as Windows and Office on competitors’ cloud services. Some sources said the agency is also requesting information about Microsoft bundling artificial intelligence, security, and identity software into products such as Windows and Office.

The U.S. Federal Trade Commission (FTC) has intensified its investigation into Microsoft (MSFT.O), seeking evidence from competitors on cloud and artificial intelligence issues.

February 13 - According to court documents, the U.S. federal government has filed a new lawsuit against Harvard University, seeking access to documents related to its admissions process. The government accuses Harvard of failing to cooperate with a federal investigation and is demanding documents related to its admissions process. The government claims the requested documents are crucial to verifying whether Harvard's admissions procedures comply with federal regulations.

Shares of Alibaba (BABA.N), NIO (NIO.N), and Baidu (BIDU.O) rebounded, narrowing their intraday losses.

Pinterest (PINS.N) shares fell 23%, hitting their lowest intraday level since April 2020.

The China Earthquake Networks Center officially reported that a magnitude 3.2 earthquake occurred at 22:24 on February 13 in Shaya County, Aksu Prefecture, Xinjiang (40.53 degrees north latitude, 83.42 degrees east longitude), with a focal depth of 16 kilometers.

February 13th - Phil Orlando, Chief Equity Strategist at Federated Investors, stated that the better-than-expected US January inflation report, especially at the nominal level, is good news for the Fed and supports our long-term view that the Fed will be able to cut rates three times in about a year as leadership transitions from Powell to Warsh. Why did the market fall on Wednesday despite strong labor market data? Because the market perceived this as detrimental to the Fed's path to lower rates—the January labor market data was far stronger than expected. With this morning's data showing better-than-expected inflation, we believe the downward trend in inflation will continue. Bonds and stocks at least knee-jerked higher, and the market expects this to provide a reasonable justification for the Fed to lower rates in the long term, which is good news.

Kremlin spokesman Dmitry Peskov said: "Europe will not send representatives to the negotiations between the US, Russia, and Ukraine in Geneva."

February 13th - Regan Capital analyst Skyler Weinand stated that weak US inflation data in January will not increase the likelihood of a Federal Reserve rate cut in the coming months, due to stronger-than-expected labor market data released earlier this week – 130,000 new jobs were added in January, and the unemployment rate was 4.3%. The Fed "simply cannot cut rates right now, given that the economy has just created six-figure jobs." Weinand expects the Senate to confirm Warsh as Fed Chair, succeeding Powell, but doubts his ability to build consensus on rate cuts. "We may not see any changes to the Fed's policy rate this year." The CME FedWatch Tool shows that investors are currently pricing in at least two rate cuts this year.