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Biggest US power grid operator moving forward with plan to manage data centers

By Laila Kearney (Reuters) -Operators of the U.S. electric grid covering the world's largest data center market on Wednesday said they planned to move forward with a plan to manage the connection of the giant server warehouses that are propelling the country's power use to ...
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APM Terminals to invest $550 million in Peru’s Callao port

By Marco Aquino CALLAO, Peru (Reuters) -Dutch port operator APM Terminals will invest $550 million to expand Peru's Callao port starting in January, chief commercial officer for the company's Peru unit, Fernando Fauche, said on Wednesday. The two-year project aims to increase the terminal's capacity to ...
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Central Bancompany raises $373 million in US IPO

(Reuters) -Central Bancompany raised $373.33 million in its U.S. initial public offering on Wednesday, positioning the lender for its debut during a period of renewed investor scrutiny of regional banks amid private credit jitters. The Jefferson City, Missouri-based lender sold 17.78 million shares priced ...
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Barclays raises target, estimates 11% gain for S&P 500 by end-2026

(Reuters) -Barclays strategists raised their year-end 2026 expectation for the S&P 500, implying an 11.4% gain from the benchmark's Wednesday close, citing strength in megacap technology along with an improving monetary and fiscal backdrop despite low growth. Barclays equity strategists led by Venu Krishna ...
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Trading Day: Markets becalmed, Nvidia reports

By Jamie McGeever ORLANDO, Florida (Reuters) -Global stock markets were generally calm on Wednesday and wider measures of volatility eased as investors awaited U.S. chipmaker Nvidia's latest earnings, although selling pressure on Japan's currency and bonds intensified further. More on that below. In my ...
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Usher sues investors to recover $700,000 he lent to buy property for ‘Homage ATL’

ATLANTA (AP) - The music artist and entertainment executive Usher is suing a group of investors who have been trying to open a new restaurant and lounge in Atlanta. Usher Raymond IV lent $1.7 million to the investor group toward the purchase of property for ...
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Nvidia’s earnings attest to its leadership in the AI race. By the numbers

Nvidia reported more eye-catching numbers for its fiscal third quarter Wednesday, with net income jumping 65% and revenue increasing 62% from a year earlier. Last month, Nvidia became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the ...
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AI-focused developers help fuel New York City life, city agency chief says

NEW YORK (Reuters) -New York City companies focused on artificial intelligence, which rely on human interaction to grow, are boosting office leasing and inspiring the return of workers to the city, said Andrew Kimball, president and CEO of New York City Economic Development Corporation. The ...
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Labor Department won’t release full October jobs report, a casualty of the 43-day federal shutdown

WASHINGTON (AP) - The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day federal government shutdown meant it couldn't calculate the unemployment rate and some other key numbers. Instead, it will release some of the ...
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As infant botulism cases climb to 31, recalled ByHeart baby formula is still on some store shelves

As cases of potentially deadly botulism in babies who drank ByHeart infant formula continue to grow, state officials say they are still finding the recalled product on some store shelves. Investigators in at least three states found ByHeart formula for sale a week after the ...
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Trump administration revives rollbacks of species protections from first term

BILLINGS, Mont. (AP) - President Donald Trump's administration moved Wednesday to roll back protections for imperiled species and the places they live, reviving a suite of changes to Endangered Species Act regulations during the Republican's first term that were blocked under former Democratic President ...
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Fed minutes: Most officials supported more rate cuts but not necessarily in December

WASHINGTON (AP) - A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, according to minutes released Wednesday. At the same time, many officials said ...
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