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Carney’s first budget doubles Canada’s deficit in attempt to counter US trade rift 

By Promit Mukherjee, David Ljunggren and Maria Cheng OTTAWA (Reuters) -Canada's budget shortfall will more than double this year as Prime Minister Mark Carney pours billions of dollars to fight U.S. tariffs, boost defense spending and diversify trade, his maiden budget proposal showed on ...
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Rivian tops revenue expectations as buyers rush before EV incentive expiry

By Akash Sriram and Abhirup Roy (Reuters) -Rivian Automotive surpassed Wall Street expectations for third-quarter revenue on Tuesday, fueled by strong deliveries as U.S. consumers rushed to grab a federal tax incentive on electric vehicle purchases before its expiry. The company said last month it delivered ...
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Appeals judges react skeptically to Sam Bankman-Fried’s bid to overturn fraud conviction

NEW YORK (AP) — Federal appeals court judges in Manhattan reacted skeptically Tuesday when a lawyer for once high-flying cryptocurrency entrepreneur Sam Bankman-Fried argued that his fraud conviction was unfair and should be overturned. The attorney, Alexandra Shapiro, told a three-judge panel of the 2nd ...
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Trump administration and private investors sign off on $1.4 billion deal with rare earth startups

WASHINGTON (AP) — The Trump administration and private investors are partnering with two rare earth startups in a $1.4 billion deal to scale up the nation’s access to materials and technology that is crucial for producing an array of high-tech goods and military equipment. The ...
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US Steel details plans to invest $11 billion by 2028 across all business segments

NEW YORK (AP) — United States Steel on Tuesday detailed its billion-dollar multiyear growth plan with new owner Nippon Steel that includes modernizing the century-old steelmaker. The announcement comes just five months after Nippon Steel finalized a “ historic partnership ” with the Pittsburgh ...
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American Airlines to trim some management, support staff roles

(Reuters) -American Airlines said on Tuesday it was eliminating a “small number” of management and support staff positions as part of a workforce adjustment. The layoffs were primarily at its Fort Worth headquarters which will help it become more efficient across the organization, the airline ...
https://www.osfhealthcare.org/c/only-at-osf-w
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Transportation Secretary Sean Duffy warns of ‘mass chaos’ in skies if shutdown continues

Transportation Secretary Sean Duffy predicted Tuesday that there could be chaos in the skies next week if the government shutdown drags on and air traffic controllers miss a second paycheck. There have already been numerous delays at airports across the country — sometimes hours long ...
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Exclusive-Apollo withdraws bid to take pizza chain Papa John’s private at $64 a share, sources say

By Abigail Summerville and Svea Herbst-Bayliss -Apollo Global has withdrawn its offer to take pizza chain Papa John’s private at $64 a share, according to two people familiar with the deal, as Wall Street waits to see what is expected to be a tough earnings ...
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Beta Technologies valued at $7.4 billion as shares open flat in NYSE debut

(Reuters) -Electric aircraft maker Beta Technologies was valued at $7.44 billion after its shares opened flat in their New York Stock Exchange debut on Tuesday, signaling investor caution over a prolonged U.S. government shutdown. After U.S. President Donald Trump’s tariffs scuttled IPOs earlier this ...
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IBM to cut thousands of roles in focus on software growth, Bloomberg News reports

(Reuters) -IBM will cut thousands of roles this quarter while it continues to shift the focus of its business to higher-growth software and services, Bloomberg News reported on Tuesday.(Reporting by Arsheeya Bajwa in Bengaluru; Editing by Alan Barona) Brought to you by www.srnnews.com
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US sanctions North Korean bankers accused of laundering stolen cryptocurrency

WASHINGTON (AP) — The United States on Tuesday imposed sanctions on a group of bankers, financial institutions and others accused of laundering money from cyber crime schemes — money the Treasury Department says helps pay for North Korea’s nuclear weapons program. Over the past three ...
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Delaware judge does not see current need for court in Metsera bidding war between Pfizer and Novo

WILMINGTON, Del. (Reuters) -There is currently no need for a court to grant Pfizer’s request to get involved in its bidding war with Novo Nordisk for Metsera , a Delaware judge said at an emergency hearing on Tuesday. However, Vice Chancellor Morgan Zurn of Delaware’s ...
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