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Organic food prices could soar as US imposes import restrictions and new tariffs on specialty sugar

SIOUX FALLS, S.D. (AP) — The price of most organic food could jump this fall due to new policies and tariffs on imported organic sugar, frustrating manufacturers who say the actions won’t help sugar growers but could put some food companies out of business. More ...
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Average rate on a 30-year mortgage falls again, dips to lowest level since early October

The average rate on a 30-year U.S. mortgage fell again this week, echoing a decline in long-term U.S. Treasury bond yields ahead of the Federal Reserve’s first rate cut this year. The rate eased to 6.26% from 6.35% last week, mortgage buyer Freddie Mac said ...
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US judge declares Venezuelan oil company PDVSA’s 2020 bonds valid

NEW YORK (Reuters) – A U.S. judge upheld the validity of Venezuelan state oil company PDVSA’s 2020 bonds on Thursday, in a blow to the company, which had argued that the defaulted bonds were not properly issued.  The bonds are secured by ...
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Diamond selling processes are outdated and hurting producers, trader says

GABORONE (Reuters) -The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader said on Thursday. Oded Mansori, co-founder and managing partner ...
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Toyota and Hyundai recall more than 1.1 million vehicles for seat belt, panel display problems

Toyota and Hyundai are recalling a combined 1.1 million vehicles due to problems with the instrument panel displays and seat belts, U.S. auto regulators said Thursday. Toyota is recalling 591,377 automobiles because the instrument panel display can fail and not show the driver critical information ...
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Uber Eats will soon launch US drone delivery in partnership with Flytrex

Uber Eats will soon be making some meal deliveries with drones. Uber Technologies said Thursday that it’s partnering with drone company Flytrex Inc. The companies expect to begin deliveries in test markets by the end of this year. Uber didn’t say where those markets will ...
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The Media Line: Israel VC Fund Glilot Capital Raises $500 Million, Surpassing $1 Billion in Assets  

Israel VC Fund Glilot Capital Raises $500 Million, Surpassing $1 Billion in Assets   By The Media Line Staff   Israeli venture capital firm Glilot Capital announced Wednesday that it has secured $500 million from major financial institutions in the United States, Europe, and Israel. The funds will ...
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Did you dawdle on that new heat pump or EV? Better move fast to get those tax credits

Tax incentives that saved U.S. residents thousands of dollars on home efficiency upgrades, clean energy installations and electric vehicles are expiring this year. That means people who want to take advantage of them before they disappear have to act quickly. “There is still time, but ...
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Purell maker GOJO Industries explores options including a sale, sources say

By Abigail Summerville (Reuters) -Purell hand sanitizer maker GOJO Industries is exploring options including a full sale or offloading a minority stake, with any deal likely to value the privately-held company at close to $2 billion, according to people familiar with the matter. GOJO is holding ...
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Northrop Grumman cargo ship reaches the International Space Station a day late after engine issue

CAPE CANAVERAL, Fla. (AP) — A supply ship arrived at the International Space Station on Thursday after a day’s delay due to a premature engine shutdown. Astronauts used the space station’s robot arm to pluck Northrop Grumman’s Cygnus capsule from orbit as they soared over ...
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US jobless aid applications retreat to 231,000 after surging to nearly 4-year high a week earlier

The number of Americans applying for jobless aid last week retreated significantly after surging to a nearly four-year high a week earlier. U.S. filings for unemployment benefits for the week ending Sept. 13 fell by 33,000 to 231,000, the Labor Department reported Thursday. That’s less ...
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US Fed starts easing path, other major central banks on hold

By Sara Rossi LONDON (Reuters) -The U.S. Federal Reserve has delivered its first rate cut since December, diverging from most other major central banks that have kept interest rates unchanged. The Bank of England kept rates steady on Thursday and the Bank of Japan is ...
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