Author: Press Room
© Reuters. FILE PHOTO: A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo By David French (Reuters) -Allete Inc, a U.S. power utility and renewable energy developer that has a market value of about $5.2 billion, including debt, is exploring a sale of the company, people familiar with the matter said on Tuesday. Allete (NYSE:) is working with JPMorgan Chase & Co (NYSE:) on a sale process that has attracted suitors that include infrastructure funds and buyout firms, the sources said, cautioning…
© Reuters. LONDON – West Texas Intermediate (WTI) prices continued their downward trend for the fourth day, dropping to $72.47 per barrel today amid a stronger U.S. dollar and mixed signals regarding demand and supply in the market. The decline comes despite OPEC+’s recent decision to reduce production and hints of potential further cuts. On November 30, OPEC+ members agreed to a substantial cut in oil production by 2.2 million barrels per day (bpd) for the first quarter of 2024, which includes ongoing voluntary reductions by Russia and Saudi Arabia that have been in place since August 2023. This move…
ANY, SYTA among major tech gainers; SSNT, RDZN among losers
NEW YORK – The Swiss Franc’s long-term momentum has been putting pressure on the US Dollar, with broad-market risk-off flows influencing trading dynamics. Despite this trend, the currency pair managed to edge higher for a second consecutive session today, as traders position themselves ahead of nonfarm payroll (NFP) data that could influence Federal Reserve rate decisions. In recent weeks, the Swiss Franc has gained over 3% against the Dollar since early November. However, after a fifteen-day streak without gains, the USD/CHF pair has seen a modest rebound from its recent low at 0.8666. This uptick occurs amidst market anticipation for…
FIRST ON FOX: The House Small Business Committee chairman and four of his GOP colleagues sent a letter to the Biden Department of Commerce demanding answers on the 90-day pause on issuing gun export licenses.Chairman Rep. Roger Williams, R-Texas, led the letter to Commerce Undersecretary for Industry and Security Alan Estevez regarding the department’s pause on issuing gun export licenses.”The Biden Administration is continuing its relentless attack on small businesses with yet another decision that will only make our entrepreneurs’ lives more difficult,” Williams told Fox News Digital.SECOND AMENDMENT GROUP TO URGE CONGRESS TO OVERTURN ATF PISTOL BRACE RULE House…
US job openings in October fell to their lowest level since 2021. In October, available job openings fell to 8.7 million from a downwardly revised 9.4 million in September. It’s likely a welcome development for the Fed, which has been attempting to cool the labor market. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Christmas may have come early for the Federal Reserve, as the latest Job Openings and Labor Turnover survey published Tuesday by the Bureau of Labor Statistics showed that the US…
Stay informed with free updatesSimply sign up to the US financial regulation myFT Digest — delivered directly to your inbox.A top US financial regulator has said the $4.3bn penalty levied on Binance by authorities last month was set at a high level to act as a deterrent to other groups, after the world’s largest cryptocurrency exchange “simply failed to comply with regulation”.Kristin Johnson, commissioner at the US Commodity Futures Trading Commission, said on Tuesday that the heavy penalty was part of the “guardrails” for the crypto industry, and hoped it would bring “order and structure”. Binance’s fine, which includes the…
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department is awarding $3 billion to a $12 billion Las Vegas to Southern California high-speed rail project that aims to be completed before the 2028 Los Angeles Olympics, according to a senator. “This historic high-speed rail project will be a game changer for Nevada’s tourism economy and transportation,” said Senator Jacky Rosen, a Nevada Democrat, in a statement Tuesday, who has pushed for the project. The 218-mile (350 kilometers) “Brightline West” project is expected to have speeds of at least 186 miles per hour, resulting in a proposed trip time of 2…
© Reuters. FILE PHOTO: An Airbus A321 XLR aircraft during a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) -Airbus delivered 64 aircraft in November, down 6% from the same month of 2022, to bring the total so far this year to 623 units, the planemaker confirmed on Tuesday. The tally leaves Airbus needing what several analysts say is a relatively achievable 97 deliveries in December to reach its full-year target of 720 deliveries. That compares with an average of 93 December deliveries for the…
© Reuters. FILE PHOTO: The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. Houthi Military Media/Handout via REUTERS/File Photo LONDON (Reuters) – The crew of the Galaxy Leader commercial ship seized by Yemen’s Iran-backed Houthis last month have been allowed “modest contact” with their families while various countries push for their release, the vessel’s owner said this week. The Bahamas flagged car carrier was taken to the port of Hodeidah in the Houthi controlled north of Yemen after being boarded at sea on Nov. 19 by commandos with…