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Codelco signs agreement with Glencore for Chilean smelter project

SANTIAGO, Dec 3 (Reuters) - Chile's state-run copper producer Codelco said on Wednesday it has signed a memorandum of understanding to collaborate on a smelter project in Chile with Swiss trader Glencore . Under the agreement, Codelco would provide Glencore up to 800,000 metric ...
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Retailers pull out the stops to neutralize inflation, tariff drag

By Savyata Mishra and Arpan Varghese Dec 3 (Reuters) - Retailers are trying various strategies to counter the drag from inflation and tariffs, from leaning on wealthier customers and celebrity ads to outright store closures. Headed into the year-end shopping season, they have had mixed ...
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Charles Schwab CEO says will eye more M&A deals

By Saeed Azhar and Lananh Nguyen NEW YORK, Dec 3 (Reuters) - Charles Schwab CEO Rick Wurster said on Wednesday the firm will look for more acquisitions and is confident it can integrate companies well. "M&A will be something we're going to keep our eyes out ...
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Glencore to restart production at Alumbrera copper mine in Argentina

BUENOS AIRES, Dec 3 (Reuters) - Glencore plans to restart operations at its Alumbrera copper mine in Argentina by the end of next year, it said on Wednesday, after it became the last to produce the red metal in the country before shuttering the ...
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Trump plans to weaken vehicle mileage rules that limit air pollution

WASHINGTON (AP) - President Donald Trump is expected to announce a proposal Wednesday to weaken vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks, according to several people familiar with the White House ...
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Shredded cheese sold in dozens of states recalled due to potential for metal fragment contamination

There is a recall for more than 260,000 cases of shredded cheese sold in 31 states and Puerto Rico because of the potential for metal fragment contamination, according to the U.S. Food and Drug Administration. The FDA said that the various shredded cheeses were ...
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Factbox-How hedge funds performed in a volatile November

By Nell Mackenzie and Anirban Sen LONDON, Dec 3 (Reuters) - Global hedge funds, including stock pickers, have generated returns of nearly 15% in 2025 to the end of November, according to a Goldman Sachs report, edging out several large multi-strategy hedge funds. In November, long ...
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Lower rates would likely eliminate the need for 50-year mortgage, Treasury adviser says

(Refiles to correct story identifier metadata for some readers, no change to content of story) New York, Dec 3 (Reuters) - Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump's administration to boost housing affordability, Joseph ...
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Trump to propose sharp rollback in US vehicle fuel economy rules

WASHINGTON, Dec 3 (Reuters) - The Trump administration on Wednesday will propose a significant rollback of fuel economy standards finalized by former President Joe Biden last year in its latest push to make it easier for automakers to sell gas-powered cars, automakers and sources ...
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US FTC says Boeing must divest Spirit AeroSystems assets to proceed with merger

Dec 3 (Reuters) - The U.S. Federal Trade Commission said on Wednesday it would require Boeing to divest significant Spirit AeroSystems assets to resolve competition concerns around its $8.3 billion acquisition of the airline supplier. (Reporting by Bhargav Acharya and Ryan Patrick Jones in ...
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OpenAI awards $40.5M to a wide range of nonprofits under new foundation structure

OpenAI will award $40.5 million to more than 200 nonprofits before the end of the year, following an open call for applications in September. This is the first wave of donations since the maker of ChatGPT rebranded its nonprofit as the OpenAI Foundation in October. ...
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The PlayStation turns 30: Looking back at the console that gave us Lara Croft and ‘The Last of Us’

NEW YORK (AP) - When Kendrick Lamar began his Super Bowl halftime show earlier this year, he picked a stage design likely familiar to anyone tuning in: a square, triangle, cross and circle. The Grammy-winning rapper - in front of more than 133 million people ...
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