(Reuters) -The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2% target, Fed Chair Jerome Powell said in opening remarks prepared for delivery at a Senate Banking Committee hearing. “The economy is …
Powell says there’s no rush to ease more given strong economy Read More »
AMSTERDAM (Reuters) -Greenpeace International has filed a lawsuit against U.S. pipeline company Energy Transfer in a Dutch court, the environmental group said on Tuesday, adding it was the first test of a new European law aimed at curbing lawsuits intended to silence rights activists. Energy Transfer has been pressing lawsuits in the United States against …
Greenpeace files lawsuit against US pipeline company Energy Transfer Read More »
WASHINGTON (Reuters) – President Donald Trump on Tuesday moved to revert to older standards for light bulbs as well as toilets, showers and other water-using appliances, a day after signing an order promoting plastic straws and rescinding a plan to reduce single-use plastics. Trump said he would call on the Environmental Protection Agency to go …
Trump aims to roll back standards for water-using appliances, light bulbs Read More »
(Reuters) -Toyota Motor Corp is recalling 106,061 U.S. vehicles over a brake fluid leak that can reduce braking ability and increase the risk of a crash, the National Highway Traffic Safety Administration said on Tuesday. The recall affects certain 2024-2025 Tacoma four-wheel drive vehicles. The clearance between the rear brake hose and wheel may allow …
Toyota to recall over 100,000 US vehicles over brake fluid leak, NHTSA says Read More »
By Hannah Lang, Nupur Anand and Suzanne McGee (Reuters) – The Trump administration’s rapid dismantling of the U.S. consumer protection watchdog will have broad implications for consumers with credit cards, mortgages and bank accounts, leaving Americans with little recourse if they feel they are unfairly treated by their financial institutions, experts say. The U.S. Consumer …
US consumer bureau upheaval leaves consumers adrift, experts say Read More »
By Nupur Anand and Manya Saini NEW YORK (Reuters) – A top Wells Fargo executive said on Tuesday that the bank has five consent orders remaining to resolve issues related to its lending and sales practices, and he added the recent termination of three regulatory punishments shows that the bank has been making progress. “We’re …
Wells Fargo CFO says five consent orders are remaining Read More »
By David Shepardson WASHINGTON (Reuters) – Major U.S. airlines on Tuesday asked the U.S. Transportation Department to abandon a review launched by the Biden administration over whether carriers should be required to pay passengers compensation over flight disruptions. Airlines for America, a trade group representing American Airlines, Delta Air Lines, United Airlines, and others, urged …
Major airlines urge Trump administration to abandon passenger compensation review Read More »
By Liz Hampton DENVER (Reuters) – Top oilfield services provider SLB is reorganizing certain functions within its business and continuing to reduce its workforce, according to a source familiar with the matter and an internal email seen by Reuters. As part of its reorganization, SLB will create a new performance function, led by a new …
Exclusive-Oilfield services company SLB reorganizes, expects more job cuts, source says Read More »
By Anna Tong Positron, a startup chip maker that aims to compete with Nvidia, said Tuesday it raised $23.5 million to scale production of its U.S.-made artificial intelligence chips. Valor Equity Partners, known for backing Elon Musk’s companies, Atreides Management, Flume Ventures and Resilience Reserve were among the investors who participated in the round. Reno-based …
AI chip startup Positron raises $23.5 million seed round to take on Nvidia Read More »
By Arasu Kannagi Basil (Reuters) -Carlyle Group’s distributable fourth-quarter earnings missed market expectations on Tuesday, eclipsing a strong growth in the alternative asset manager’s capital market business and sending its shares down 6.1%. The profit miss was largely due to lower proceeds from asset sales, resulting in a 24.1% slide in earnings at its private …
Carlyle’s profit misses estimates as private equity business weighs Read More »
