Reuters US Business

(Reuters) -The Federal Reserve won’t lower interest rates at its policy meeting next week, but could deliver the first of a set of rapid-fire reductions in borrowing costs in June if rising fears of an economic downturn triggered by a trade war materialize.  At least that’s where the betting is in futures markets, where contracts …

Fed to deliver rapid-fire rate cuts if economic downturn happens, traders bet Read More »

By Lisa Baertlein LOS ANGELES (Reuters) – U.S. container import volumes increased 4.7% year-on-year in February, but could cool in coming months as the U.S. trade war with China and other key trading partners takes hold, supply chain technology provider Descartes said on Monday. U.S. seaports handled more than 2.2 million 20-foot equivalent units (TEUs), …

US container imports at near-record level in February, tariff risks loom Read More »

By Marcelo Teixeira HOUSTON (Reuters) – Theft of truck loads of green coffee beans is surging in the United States, the world’s largest importer of the commodity, as prices for the beans increased to all-time highs in the last year, according to transportation companies. The issue was discussed by market participants over the weekend in …

Coffee theft surges in the US as prices for the beans soar Read More »

By Joel Jose (Reuters) – Wall Street brokerages on Monday started coverage on SailPoint Technologies with broadly bullish views, but some analysts warned that the identity security provider could face increased competition. SailPoint, which was previously listed in 2022 before being taken private by growth capital firm Thoma Bravo, made a tepid return to the …

Wall St brokerages start SailPoint coverage with broadly bullish view, but see competition risk Read More »

By Arathy Somasekhar HOUSTON (Reuters) – U.S. oil and gas producers are unlikely to increase spending this year and output increases will primarily come from improved efficiencies rather than new drilling, Baker Hughes <BKR.O> Chief Executive Lorenzo Simonelli said on Monday. The outlook comes as U.S. President Donald Trump’s administration has repeatedly exhorted the industry …

Baker Hughes says oil producers unlikely to increase spending this year Read More »

By Arathy Somasekhar and Maha El Dahan HOUSTON (Reuters) – Policymakers and energy executives need to rethink energy transition plans and stop doubling down on elements of the transition that have failed, the CEO of state oil giant Saudi Aramco <2222.SE> said on Monday, stressing the need for investment in fossil fuels to meet global …

More chance of Elvis speaking than energy transition plans succeeding, Aramco CEO says Read More »