By Arathy Somasekhar HOUSTON (Reuters) – Port Freeport on Tuesday said it expects limited vessel activity while Port Houston said all of its public facilities will remain closed through Wednesday as winter storm Enzo sweeps through Texas. The rare winter storm churned across the U.S. Gulf Coast on Tuesday, bringing heavy snow, ice and wind …
(Reuters) – Toronto-Dominion Bank is aiming to sell about $9 billion of residential mortgage loans in order to modify its balance sheet to comply with a new cap imposed by the U.S. regulators, Bloomberg News reported on Tuesday. This is a part of the plea agreement the Canadian lender reached last year with the government …
By Kannaki Deka (Reuters) -3M Co forecast profit growth for 2025 and beat fourth-quarter estimates as the U.S. industrial conglomerate benefited from efforts to revive sales and reduce costs, sending its shares up 4.6% on Tuesday. Its total operating expenses fell 44% in 2024 from a year earlier. “3M’s fourth-quarter results and guidance are a …
3M forecasts 2025 profit growth as cost-cut efforts pay off Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -The U.S. dollar alternated between gains and losses on Tuesday in a choppy session, as markets grappled with uncertainty surrounding any tariffs President Donald Trump may implement. Trump told reporters he was thinking about implementing tariffs of around 25% on imports from Canada and Mexico as of Feb. 1 …
Dollar flat in choppy trading as investors await tariff certainty Read More »
HOUSTON (Reuters) – U.S. President Donald Trump has ended the moratorium on new liquefied natural gas export permits imposed by his predecessor Joe Biden in January 2024. Trump targeted the LNG industry with an executive order on the first day, part of a series of planned policy moves to encourage more U.S. energy production. Biden …
Factbox-US LNG projects boosted by Trump’s export permit restart Read More »
SINGAPORE/LONDON/NEW YORK (Reuters) -Global markets were volatile while the dollar rebounded on Tuesday in choppy trading as Donald Trump returned to the White House. President Trump did not immediately impose tariffs on Monday as previously promised, but said he was thinking about imposing 25% duties on imports from Canada and Mexico on Feb. 1 over …
Trade, tariffs, energy – markets react to Trump’s return to office Read More »
By Abhinav Parmar (Reuters) -U.S. homebuilder D.R. Horton topped analysts’ estimates for first-quarter results on Tuesday, helped by incentives and favorable housing demand. Shares of the company, which rose more than 5% before the bell, pared gains and were down about 1% in afternoon trading. Arlington, Texas-based D.R. Horton has offered incentives such as mortgage …
D.R. Horton beats first-quarter estimates; says costs to drag on margins in Q2 Read More »
(Reuters) – Quantum startup SandboxAQ said its large quantitative models (LQMs) will be available on Google Cloud, the company told Reuters on Tuesday, as cloud providers look to AI tech to fuel growth. LQMs are designed to handle large-scale numerical datasets, perform complex calculations and statistical analysis, and can be used to develop sophisticated financial …
Google adds SandboxAQ’s quantitative AI models to cloud offerings Read More »
By Stephen Nellis (Reuters) – Oracle on Tuesday released a new set of artificial intelligence agents to help salespeople with a range of tasks around dealing with customers. U.S.-based Oracle is among a wave of big tech companies focusing on creating virtual assistants that can tackle repetitive or difficult tasks with more autonomy. Microsoft and …
Oracle rolls out AI agents for sales professionals Read More »
DAVOS, Switzerland (Reuters) – ABB is increasing its investments in the United States as a way to deal with tariff hikes expected from the new Trump administration and to benefit from the country’s economic growth, Chief Financial Officer Timo Ihamuotila said on Tuesday. “We will be investing more to compensate for this,” Ihamuotila told Reuters …
ABB increasing U.S. investment to raise local production, CFO says Read More »
