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US EPA grants scores of backlogged biofuel waivers to small refineries

By Jarrett Renshaw WASHINGTON (Reuters) -The U.S. Environmental Protection Agency on Friday began clearing a backlog of requests from small oil refineries for exemptions from the nation’s biofuel laws, which refiners had for years argued caused them financial hardship. The agency said it had granted 63 ...
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Chile’s Codelco cuts 2025 copper forecast after El Teniente mine collapse

By Fabian Cambero and Daina Beth Solomon SANTIAGO (Reuters) -Chile’s Codelco, the world’s largest copper producer, on Friday lowered its 2025 production guidance following a tunnel collapse at its flagship El Teniente mine and said it will revise plans for sectors that were part of ...
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Consumer watchdog ends investigation into buy now, pay later company linked to Donald Trump Jr.

WASHINGTON (AP) — The Consumer Financial Protection Bureau has dropped an investigation into a buy now, pay later company with close ties to President Donald Trump’s son Donald Trump Jr., saying the investigation was conducted in a biased manner and based off politics. The CFPB ...
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BNSF, CSX launch new US coast-to-coast linking to boost freight services

(Reuters) -CSX and Berkshire Hathaway-owned BNSF on Friday announced new coast-to-coast services to boost freight connectivity in the United States. Shares of CSX fell about 6% after the announcement, but are up about 5% so far this year. The new routes will link Southern California with ...
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US tariffs behind surge in global Arabica prices, Brazil exporters group says

By Roberto Samora SAO PAULO (Reuters) -The global arabica coffee market has surged in August with prices gaining more than 30% on the ICE exchange, driven mainly by steep tariff hikes from the United States, the head of Brazil’s coffee exporters council, Cecafe, said on ...
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Powell’s Jackson Hole address fires up markets with dovish tilt

By Lewis Krauskopf, Laura Matthews and Davide Barbuscia NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell’s closely watched Jackson Hole speech on Friday boosted optimism in markets that the U.S. central bank is poised to ease rates, sending investors to pile into riskier assets and ...
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The fall’s 10 most anticipated books, from Pynchon to (Priscilla) Presley

NEW YORK (AP) — Fall books mean more than literary fiction. The top releases this season range from a fairy tale newly told to memoirs about a famous writer’s indomitable mother and life after marriage to a famous rock star. Some books were a ...
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Fall is books’ biggest season. Expect some long-awaited returns

NEW YORK (AP) — In the decade since she published her acclaimed debut novel, “The Turner House,” Angela Flournoy has confronted a few delays, welcome and otherwise, en route to completing her second book: her first child, a pandemic, speaking engagements, the occasional essay ...
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Canada to remove many retaliatory tariffs on US goods, says source

OTTAWA (Reuters) -Canada will announce on Friday that it is removing many retaliatory tariffs on U.S. goods, a source familiar with the matter said. Canadian tariffs on U.S. autos, steel and aluminum will remain for now, said the source, who requested anonymity given the sensitivity ...
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China’s Country Garden forecasts bigger loss after deliveries slump

(Reuters) -Embattled Chinese property developer Country Garden on Friday warned of a bigger loss for the first half of fiscal 2025, after deliveries of housing projects halved from 2024 and asset impairments rose. The company delivered about 74,000 housing units in the first half, ...
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Moody’s cuts Spirit Airlines’ credit rating further into junk territory

By Matt Tracy (Reuters) -U.S. airline operator Spirit Airlines took another hit to its credit rating on Friday after Moody’s Ratings downgraded it two notches deeper into junk territory. In a report accompanying the downgrade on Friday, analysts from the ratings agency highlighted Dania Beach, Florida-based ...
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Fed’s Powell announces policy framework tweaks for changed economic landscape

By Michael S. Derby (Reuters) -Nodding toward significant changes in the economic landscape over the last five years, Federal Reserve Chair Jerome Powell on Friday announced an updated operating framework for the U.S. central bank that reflects the return of higher inflation pressures and reduced prospect ...
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