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Trump administration has ‘no imminent plans’ to refill nation’s emergency oil reserve

WASHINGTON (Reuters) -The Trump administration has no imminent plans for refilling the nation’s Strategic Petroleum Reserve, White House spokeswoman Karoline Leavitt said on Thursday. The emergency oil reserve is currently at its lowest levels since the 1980s after President Joe Biden tapped the stockpile to ...
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Cincinnati Bengals and county reach tentative $470M deal to renovate Paycor Stadium and extend lease

CINCINNATI (AP) — The Cincinnati Bengals and local officials have reached a tentative deal to make $470 million in renovations to Paycor Stadium and keep the team there for at least the next 11 years. The preliminary agreement announced Thursday still needs final approval from ...
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Lithium industry bemoans ‘paradox’ of low prices, rising demand

By Ernest Scheyder LAS VEGAS (Reuters) -An ongoing slide in lithium prices even as demand for the battery metal continues to climb is a frustrating “paradox” not likely to be resolved before at least 2030, the world’s largest producers told a major industry conference this ...
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Average long-term US mortgage rate drops to 6.77%, the lowest level since early May

The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices. The long-term rate fell ...
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Music history is littered with projects planned, anticipated, even completed — and then scrapped

NEW YORK (AP) — The idea that Bruce Springsteen wrote, recorded and ultimately shelved entire albums of music may seem odd to the casual listener. Why put yourself through all that work for nothing? Yet “lost albums” are embedded in music industry lore. Some were ...
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Pringles maker Kellanova’s shares rise after US regulators approve its proposed merger with Mars

Snack maker Kellanova’s shares rose Thursday on news that its proposed merger with Mars Inc. had cleared U.S. regulators. The U.S. Federal Trade Commission announced late Wednesday that after nearly a year of investigation, it determined that a merger between Mars and Kellanova wouldn’t threaten ...
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Buy Now, Pay Later loans will soon affect some credit scores

NEW YORK (AP) — Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and takeout. Scoring company FICO said Monday that it is rolling out ...
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Exclusive-Amazon loses AWS generative AI boss as tech talent shuffle heats up

By Greg Bensinger SAN FRANCISCO (Reuters) -Amazon’s AWS recently lost its vice president overseeing generative artificial intelligence development, as the competition for talent heats up. Vasi Philomin told Reuters in an email that he left Amazon for another company, without providing specifics. A company spokesperson confirmed ...
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Barclays, ex-CEO Staley must face US shareholder lawsuit over Jeffrey Epstein ties

By Jonathan Stempel NEW YORK (Reuters) -Barclays and former Chief Executive Jes Staley must face a lawsuit in Los Angeles claiming they defrauded shareholders about Staley’s close ties to the disgraced late financier Jeffrey Epstein. U.S. District Judge Maame Ewusi-Mensah Frimpong ruled on Wednesday that holders ...
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SEC, Ripple wants to settle crypto lawsuit, but US judge rebuffs them

By Jonathan Stempel NEW YORK (Reuters) -A federal judge on Thursday rejected an unusual joint motion by Ripple Labs and the U.S. Securities and Exchange Commission to endorse the cryptocurrency company’s reduced $50 million fine to settle a civil lawsuit over the sale of unregistered ...
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GE Appliances moves washing machine production from China to Kentucky with $490 million investment

LOUISVILLE, Ky. (AP) — GE Appliances announced a nearly half-billion-dollar project Thursday that it says will create 800 new jobs and shift production of clothes washers from China to its massive manufacturing complex in Kentucky. The $490 million investment positions the Kentucky home appliances company ...
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Young leaders advancing potential climate solutions could win $1 million grants

NEW YORK (AP) — Youth-led climate groups are getting a $25 million injection from a philanthropic collaborative that hopes other funders will follow their lead in supporting solutions created by younger generations grappling with a future marked by increasing temperatures and rising sea levels. ...
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