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(Reuters) -The Federal Reserve left interest rates in the 4.25% to 4.50% target range on Wednesday and gave little insight into when further easing may take place in an economy where inflation remains above target, growth continues, and the unemployment rate is low. After several months in which inflation data have largely moved sideways, the …

Fed stands pat, leans hawkish with omission of inflation-progress reference Read More »

By Lucia Mutikani WASHINGTON (Reuters) -The U.S. trade deficit in goods widened to a record high in December, likely as businesses front-loaded imports of industrial supplies and consumer goods in anticipation of broad tariffs from President Donald Trump’s new administration. The deterioration in the goods trade deficit reported by the Commerce Department on Wednesday raises …

Record US goods trade deficit seen cutting into fourth-quarter GDP growth Read More »

By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO (Reuters) -Spirit Airlines and rival Frontier Group are discussing a merger again, more than two years after the two ultra-low-cost carriers failed to close a deal. On Wednesday, the companies revealed their discussions in a security filing. Spirit, which filed for bankruptcy protection last year, said it …

Frontier revives merger talks with Spirit Airlines Read More »

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and said it was concerned that U.S. tariffs could stoke persistently high inflation. U.S. President Donald Trump is promising to impose a 25% tariff on all imports …

Bank of Canada cuts rates, says tariffs could stoke persistent inflation Read More »

(Reuters) – A U.S. solar industry group on Wednesday unveiled an aggressive goal to deploy vast amounts of energy storage capacity by 2030 to help renewables serve power-hungry customers. WHY IT’S IMPORTANT Large energy users have been investing in nuclear, geothermal and natural gas power plants to meet soaring demand for electricity from data centers. …

US solar group seeks major energy storage expansion Read More »

(Reuters) – Pennsylvania Governor Josh Shapiro on Tuesday said he has reached an agreement with grid operator PJM Interconnection to settle his recent complaint about its power market rules and save consumers over $21 billion in energy costs over two years. The agreement would save consumers from excessive price hikes  in all 13 states that …

Pennsylvania Governor and PJM reach agreement over capacity payments Read More »

By David Shepardson WASHINGTON (Reuters) -New U.S. Transportation Secretary Sean Duffy signed an order on Tuesday directing U.S. regulators to rescind landmark fuel economy standards issued under President Joe Biden that aimed to drastically reduce fuel use for cars and trucks. In a memo, Duffy directed the National Highway Traffic Safety Administration (NHTSA) to reconsider …

US moves to repeal Biden administration vehicle fuel economy standards Read More »

By Georgina McCartney HOUSTON (Reuters) – Dealmaking in the U.S. upstream oil and gas industry hit $105 billion in 2024, the third highest annual total ever, but activity slowed in the second half as buyers found fewer targets to acquire, consultancy Enverus said on Wednesday. Last year’s total deal value fell sharply behind the whopping …

US upstream oil and gas dealmaking hit $105 billion in 2024, Enverus says Read More »

By Aatreyee Dasgupta and Mike Stone (Reuters) -General Dynamics beat expectations for fourth-quarter results on Wednesday, as strength in the company’s defense businesses offset persistent supply issues holding back jet deliveries. The Russia-Ukraine war and the escalation of conflicts in the Middle East fueled demand for weapons and military vehicles during the quarter. The company’s …

General Dynamics results beat estimates on defense, bizjet deliveries miss Read More »