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PHOTO ESSAY: Tibetans depart Nepal, a former safe haven transformed under Chinese pressure
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Thursday, October 16
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SRN News
Oil set for weekly loss as Trump-Putin summit looms
By Nicole Jao (Reuters) -Oil prices edged lower in early trade on Friday, heading for a weekly loss, with uncertainty over global energy supplies after U.S. President Donald Trump and Russian President Vladimir Putin agreed to meet in Hungary to discuss ending the war in Ukraine. Brent ...
Thursday, October 16
by
SRN News
US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for jobless benefits fell last week, economists at JPMorgan and Goldman Sachs estimated on Thursday, but lackluster hiring has left many on unemployment rolls. Initial claims for state unemployment benefits dropped to a seasonally ...
Thursday, October 16
by
SRN News
Louisiana judge orders review of Gulf Coast liquefied natural gas facility’s climate change impacts
NEW ORLEANS (AP) — A Louisiana judge has tossed out a key permit for a liquefied natural gas facility that won approval from President Donald Trump’s administration, ordering a state review of how the facility’s planet-warming emissions would affect Gulf Coast communities vulnerable to ...
Thursday, October 16
by
SRN News
Trump says his administration is working on lowering beef prices
By Tom Polansek, Trevor Hunnicutt and Costas Pitas WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country. “We are working on beef, and I think we have a deal on beef,” Trump ...
Thursday, October 16
by
SRN News
US CFPB scraps Citibank discrimination case three years early
(Corrects paragraph 5 to specify that Citi declined to comment while CFPB did not respond) WASHINGTON (Reuters) -The top U.S. consumer finance watchdog agency on Thursday terminated a 2023 enforcement case against Citigroup’s lending arm Citibank that had penalized the banking giant for alleged ...
Thursday, October 16
by
SRN News
Meta set to clinch nearly $30 billion financing deal for Louisiana data center site, Bloomberg News reports
(Reuters) -Meta Platforms was set to seal an almost $30 billion finance package for its data center site in rural Louisiana, which would be the largest private capital deal on record, Bloomberg News reported on Thursday. Large-scale cloud service providers, called hyperscalers, have been racing ...
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Thursday, October 16
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SRN News
New York approves power line for Micron’s $100 billion semiconductor plant
(Reuters) -A new underground transmission line was approved by the New York State Public Service Commission linking an existing Clay substation with Micron Technology’s proposed semiconductor megafab facility in Onondaga County, Governor Kathy Hochul announced on Thursday. The two-mile, 345-kilovolt line is a key ...
Thursday, October 16
by
SRN News
Banks in talks with US Treasury to lend $20 billion to Argentina, Semafor reports
(Reuters) -Banks including JPMorgan, Bank of America, Goldman Sachs and Citigroup are in talks with the U.S. Treasury to provide up to $20 billion in loans to Argentina, Semafor reported on Thursday, citing people familiar with the matter. U.S. Treasury Secretary Scott Bessent on Wednesday ...
Thursday, October 16
by
SRN News
NextDecade reaches positive FID on Train 5 at Rio Grande LNG project in Texas
(Reuters) -U.S. liquefied natural gas producer NextDecade said on Thursday it had reached a positive final investment decision (FID) on the fifth liquefaction plant, known as a train, of its Rio Grande export project in Texas. Shares of the company rose over 4% in extended ...
Thursday, October 16
by
SRN News
Trump announces a deal with a manufacturer to make a common fertility drug cheaper for IVF patients
WASHINGTON (AP) — Drugmaker EMD Serono will reduce the cost of a common fertility medication through a deal struck with the Trump administration, President Donald Trump said Thursday while also unveiling new federal guidance he said will encourage employers to offer fertility coverage. The new ...
Thursday, October 16
by
SRN News
CSX profit falls 22% as new CEO takes over but performance is expected to improve
CSX’s earnings fell 22% in the third quarter as the railroad wrapped up two major construction projects that were limiting traffic, but volume was still up slightly and the results were weighed down by a one time charge. The Jacksonville, Florida-based company said Thursday it ...
Thursday, October 16
by
SRN News
Dollar dented by simmering trade tensions, rate cut bets
By Chibuike Oguh and Stefano Rebaudo NEW YORK (Reuters) -The U.S. dollar fell, on track for a third consecutive session of losses against major currencies including the euro, yen and Swiss franc on Thursday, amid U.S.-China tensions and as markets assess remarks from Federal Reserve officials. China ...
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