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CSX railroad’s merger prospects derail as BNSF and CPKC make clear they aren’t interested in a deal

OMAHA, Neb. (AP) — The prospects for additional consolidation in the rail industry derailed this week when both of CSX’s potential partners said they weren’t interested in a deal. Investors widely speculated that CSX would be an acquisition target once rumors of merger talks between ...
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Firefly granted FAA clearance to resume Alpha rocket launches

(Reuters) -Firefly Aerospace on Tuesday said it has received clearance from the Federal Aviation Administration to resume Alpha rocket launches, after a technical issue led to a failure in April. Shares of the company were up nearly 5% in extended trading. The Alpha rocket suffered a ...
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Okta raises annual forecasts on surging cybersecurity tools demand

By Jaspreet Singh (Reuters) -Cybersecurity company Okta raised annual revenue and profit forecasts on Tuesday, betting on growing demand for its identity verification tools as enterprises strengthen defenses against artificial intelligence-powered attacks. Shares of the San Francisco, California-based company rose nearly 7% in extended trading. Hackers often ...
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Factbox-A timeline of Trump’s moves to dismantle the US wind and solar energy industries

By Nichola Groom (Reuters) -U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden’s climate and energy agendas. Here is a timeline of actions ...
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Bank of Canada Governor says bank will not review 2% inflation target next year

By Promit Mukherjee OTTAWA, Aug 26 (Reuters) – The Bank of Canada will not review its inflation target when its monetary policy framework comes up for renewal next year, Governor Tiff Macklem said on Tuesday, saying the current target has helped anchor inflation expectations. The central ...
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A late push sends Wall Street near its records

Stocks closed higher on Wall Street after an afternoon push left major indexes just below their recent records. The S&P 500 rose 0.4% Tuesday after drifting between small gains and losses for much of the day. The Dow Jones Industrial Average added 0.3%, and the ...
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Trading Day: Rate outlook Trumps deepening Fed turmoil

By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  U.S. stocks rose on Tuesday as investors looked at President Donald Trump’s controversial efforts to fire Fed Governor Lisa Cook through the prism of possible interest rate ...
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Judge narrows US wildfire lawsuit against Berkshire’s PacifiCorp

By Jonathan Stempel (Reuters) -A federal judge on Tuesday dismissed a negligence claim in the U.S. government’s lawsuit against Berkshire Hathaway’s PacifiCorp utility unit, which seeks more than $900 million in damages stemming from a 2020 wildfire in Oregon. U.S. District Judge Karin Immergut in Portland ...
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FCC Chairman Carr defends Paramount Global–Skydance merger approval

(Reuters) -Federal Communications Commission Chairman Brendan Carr defended the agency’s review approving Skydance Media’s acquisition of Paramount Global as routine and in the public interest in a letter made public on Tuesday. Carr, in the letter dated August 12, rejected Democratic Senator Richard Blumenthal’s allegation ...
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DoJ expands probe into UnitedHealth’s prescription management services, Bloomberg News reports

(Reuters) -The U.S. Justice Department’s criminal division is digging into business practices at UnitedHealth Group’s pharmacy benefit manager, Optum Rx, Bloomberg News reported on Tuesday, citing people familiar with the matter. Under an ongoing probe into the company’s operations, the investigators are looking into its ...
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After Trump’s DOGE action, 300 million people’s Social Security data is at risk, whistleblower says

WASHINGTON (AP) — More than 300 million Americans’ Social Security data was put at risk after Department of Government Efficiency officials uploaded sensitive information to a cloud account not subject to oversight, according to a whistleblower disclosure submitted to the special counsel’s office Tuesday. Whistleblower ...
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Meta’s planned Louisiana AI data center to cost $50 billion, Trump says

(Reuters) -Meta’s planned AI data center in Louisiana will cost $50 billion, President Donald Trump said during a cabinet meeting on Tuesday. The social media company is building its largest data center in Richland Parish, which could handle intense computational power to support digital infrastructure, ...
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