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Wednesday, July 30
by
SRN News
Fire is still raging at a Nebraska biofuels plant where explosion left 3 missing
FREMONT, Neb. (AP) — Fire and heavy smoke were still pouring out of a Nebraska biofuels plant Wednesday morning, preventing firefighters from getting close enough to search for three people missing in a huge explosion a day earlier, officials said. Photos taken after Tuesday’s ...
Wednesday, July 30
by
ABC News
US economy grew more than expected as Trump’s tariffs took hold
(WASHINGTON) -- The U.S. economy expanded more than expected as President Donald Trump’s tariffs took hold over recent months, federal government data on Wednesday showed.U.S. gross domestic product, or GDP, increased at a 3% annualized rate over three months ending in June. The figure ...
Wednesday, July 30
by
SRN News
Bank of Canada says risk of severe global trade conflict has diminished
OTTAWA, July 30 (Reuters) – The risk of a severe and escalating global trade conflict has diminished since April and there is some clarity about what U.S. tariffs will look like, the Bank of Canada said on Wednesday. But for the second quarter in a ...
Wednesday, July 30
by
SRN News
U.S. Steel appoints three American board directors after Nippon deal
(Reuters) -U.S. Steel said on Wednesday it has appointed three American directors to its board, more than a month after Nippon Steel closed its $14.9-billion acquisition of the company. Its board is now comprised of seven directors, four of whom are U.S. citizens, including three ...
Wednesday, July 30
by
SRN News
US economy rebounds a surprisingly strong 3% in the second quarter
WASHINGTON (AP) — The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from President Donald Trump’s trade wars. America gross domestic product — the nation’s output of goods ...
Wednesday, July 30
by
SRN News
Sen. John Fetterman releases memoir ‘Unfettered’ this fall, looking at political and health battles
NEW YORK (AP) — A long-rumored and “unapologetic” memoir by Sen. John Fetterman will be released this fall, his publisher said. Crown, an imprint of Penguin Random House, announced on Wednesday that “Unfettered” is scheduled for Nov. 11. In the memoir, the Democrat will open ...
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Wednesday, July 30
by
SRN News
Kraft Heinz sauces drive quarterly results beat as home-cooking rises
(Reuters) -Kraft Heinz beat estimates for quarterly results on Wednesday, helped by resilient demand for its pantry staples and condiments in the United States as consumers tried to stretch their household budgets. A mix of sticky inflation and heightened economic uncertainty has forced consumers to ...
Wednesday, July 30
by
SRN News
Trump says US to impose 25% tariff on India from August 1
WASHINGTON (Reuters) -President Donald Trump said on Wednesday the United States will impose a 25% tariff on goods imported from India starting on Aug. 1. He said India, which has the world’s fifth largest economy, will also face an unspecified penalty on Aug. 1, but ...
Wednesday, July 30
by
SRN News
Trump pushes rate cut as Fed meets, second quarter data released
WASHINGTON (Reuters) -President Donald Trump on Wednesday again called on the Federal Reserve to lower benchmark rates after data showed U.S. economic growth rebounded more than expected in the second quarter. “2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! “Too Late” MUST NOW LOWER ...
Wednesday, July 30
by
SRN News
Helion Energy starts construction on nuclear fusion plant to power Microsoft data centers
By Stephen Nellis SAN FRANCISCO (Reuters) -Helion Energy, a startup backed by OpenAI’s Sam Altman and SoftBank’s venture capital arm, has started construction on a site for a planned nuclear fusion power plant that will supply power to Microsoft data centers by 2028, the company ...
Wednesday, July 30
by
SRN News
Wall St futures largely unchanged after second-quarter GDP data
(Reuters) – U.S. stock index futures were little changed in choppy trading, after a better-than-expected GDP reading for the second quarter that indicated resilience in the world’s largest economy amid global trade uncertainties. Gross domestic product (GDP) rose 3% in the ...
Wednesday, July 30
by
SRN News
US economy rebounds a surprisingly strong 3% in the second quarter
WASHINGTON (AP) — The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back from a first-quarter drop. America gross domestic product — the nation’s output of goods and services — rebounded after falling at a 0.5% clip from January ...
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