Reuters US Business

By Pratima Desai, Olena Harmash LONDON/KOPANKY, Ukraine (Reuters) -On snow-covered fields in central Ukraine, where some of the country’s biggest proven lithium deposits are located, a small team of ecological consultants drop sensors into holes in the earth to measure water levels. The environmental survey, contracted by the small Ukrainian mining company that holds the …

As Trump and Zelenskiy clash, Ukraine minerals bonanza remains distant prospect Read More »

(Reuters) – Skype will ring for the last time on May 5 as owner Microsoft retires the two-decade-old internet calling service that redefined how people connect across borders. Shutting down Skype will help Microsoft focus on its homegrown Teams service by simplifying its communication offerings, the software giant said on Friday. Founded in 2003, Skype’s …

Skype’s final call set for May as Microsoft prioritizes Teams Read More »

(Reuters) -Intel’s promised $28 billion chip fabrication plants in Ohio are facing further delays, with the first factory in New Albany now expected to be completed only by 2030, the struggling chipmaker said on Friday. The first factory will begin operations sometime shortly thereafter, between 2030 and 2031, the company said, extending its original timeline …

Intel delays $28 billion Ohio chip factories to 2030 Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending fell for the first time in nearly two years in January and the goods trade deficit widened to a record high as businesses front-loaded imports to avoid tariffs, setting up the economy for weak growth or even a contraction this quarter. While the data from the …

US consumer spending posts first drop in almost two years Read More »

(Reuters) – American Electric Power and its transmission affiliate Transource Energy LLC will invest approximately $1.7 billion in transmission system upgrades to improve reliability and deliver more power to meet growing demand, AEP said on Thursday. AEP said in a statement that it will invest across states within the footprint of regional transmission organization PJM …

AEP, Transource to invest $1.7 billion in power grid upgrades to meet rising demand Read More »

(Reuters) -California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one of the state’s largest electric utilities, faces a swelling number of lawsuits claiming its …

California wildfire fund may shield Edison balance sheet from fire claims, company says Read More »

(Reuters) – Britain’s financial watchdog said on Friday a four-year prison sentence has been issued in the UK’s first case involving unregistered cryptoasset activity. London-based Olumide Osunkoya, 46, was found guilty of operating unregistered crypto ATMs for transactions worth 2.5 million pounds ($3.2 million) across several locations within the UK between December 2021 and March …

UK sentences individual in first unregistered cryptoasset case Read More »

By Ann Saphir and Howard Schneider (Reuters) – New data may point to emerging tension between the U.S. Federal Reserve’s dual inflation and employment goals, as price pressures remained sticky in January while consumer spending slowed more than expected. Traders maintained bets the Fed will cut interest rates by a quarter of a percentage point …

Inflation, growth may be in conflict but Fed seen restarting cuts in June Read More »

By Seher Dareen (Reuters) – EOG Resources beat fourth-quarter profit estimates on higher production, but shares fell 4.1% on Friday as the company forecast higher capital expenditure for the current year. The higher spend and cash costs in 2025 led to a lower-than-expected free cash flow target, which came in at $4.7 billion compared to …

EOG Resources falls on lower 2025 free cash flow despite fourth-quarter profit beat Read More »