Reuters US Business

Turkey to export 15,000 tonnes of eggs to US to ease bird flu disruptions

20 Feb 2025

By Ceyda Caglayan and Tom Polansek ISTANBUL/CHICAGO (Reuters) – Turkey has begun exporting around 15,000 tonnes of eggs to the United States as a devastating outbreak of bird flu is slashing U.S. production and sending prices soaring, a leading sector official said on Wednesday. Deaths of millions of laying hens imperil U.S. President Donald Trump’s …

Turkey to export 15,000 tonnes of eggs to US to ease bird flu disruptions Read More »

Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say

20 Feb 2025

By Elizabeth Howcroft and Hannah Lang (Reuters) -Around $99 million worth of cryptocurrency was withdrawn from the marketplace of a coin at the centre of a scandal in Argentina by eight digital wallets linked to the crypto token’s creator, blockchain researchers said. Argentinian President Javier Milei recommended the little-known crypto coin $LIBRA late on Friday …

Crypto worth $99 million withdrawn from Milei-backed Libra token, researchers say Read More »

Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise

20 Feb 2025

(Reuters) -Amazon’s MGM Studios will take creative control of the “James Bond” film franchise under a new joint venture with longtime rights holders Michael Wilson and Barbara Broccoli, the technology giant said on Thursday. The move clears uncertainty over one of Hollywood’s most popular and longest-running movie series after a December report in the Wall …

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CenterPoint raises spending plan as power demand from data centers soars

20 Feb 2025

(Reuters) -U.S. utility CenterPoint Energy on Thursday added $500 million to its 10-year capital expenditure plan to strengthen its electricity grid to handle the surging demand for power from new data centers. Power demand from U.S. data centers is expected to nearly triple in the next three years and consume as much as 12% of …

CenterPoint raises spending plan as power demand from data centers soars Read More »

Brazil steelmaker Gerdau rethinks Mexico mill after Trump tariffs

20 Feb 2025

By Alberto Alerigi SAO PAULO (Reuters) – Brazilian steelmaker Gerdau may opt to bump up its output capacity in the United States instead of building a new plant in Mexico, its CEO said on Thursday, as tariffs implemented by President Donald Trump shake up global trade. Gerdau announced last year it was considering installing a …

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U.S. mid-Atlantic factory momentum slows as price inputs surge

20 Feb 2025

(Reuters) – Factory output growth slowed in the U.S. mid-Atlantic region in February as input prices surged, with a measure of prices paid for production materials climbing to the highest in nearly two-and-a-half years even before most of the new tariffs on imports imposed by President Donald Trump are due to take effect. The Philadelphia …

U.S. mid-Atlantic factory momentum slows as price inputs surge Read More »

Fidelity launches two all-ETF model portfolios for wealth managers

20 Feb 2025

By Suzanne McGee (Reuters) – Fidelity Investments said on Thursday that it has launched two all-ETF model portfolios for use by wealth management firms looking for help winnowing through the rapidly growing array of funds to construct client portfolios. The new models will offer both active and passive exchange-traded funds employing an array of investment …

Fidelity launches two all-ETF model portfolios for wealth managers Read More »

HF Sinclair posts bigger-than-expected loss as refining margins shrink

20 Feb 2025

(Reuters) -Refiner HF Sinclair on Thursday posted a bigger-than-expected loss for the fourth quarter, becoming the latest energy company to take a hit from weak refining margins and rising global capacity. Bigger rivals Valero Energy and Marathon Petroleum, as well as energy heavyweights such as Exxon Mobil, have seen refining profits normalize from 2022 peaks, …

HF Sinclair posts bigger-than-expected loss as refining margins shrink Read More »

Quanta beats fourth-quarter profit estimates on strong infrastructure demand

20 Feb 2025

(Reuters) – Energy contractor Quanta Services beat fourth-quarter profit estimates on Thursday, on higher demand for its services related to power and infrastructure, sending shares up 7% before the bell. Warming global temperatures have aggravated extreme weather conditions, raising the severity of hurricanes and floods in the U.S. and increasing the need for power grid …

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Morning Bid: Trade and Ukraine tensions mount, with Fed twist

20 Feb 2025

A look at the day ahead in U.S. and global markets from Mike Dolan World markets were subdued on Thursday by simmering trade tensions and Washington’s attempt to undermine its Ukrainian ally, while the Federal Reserve surprised with talk of slowing its balance sheet runoff at its recent meeting. A messy week of conflicting geopolitical, …

Morning Bid: Trade and Ukraine tensions mount, with Fed twist Read More »

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