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US nuclear generation to grow 27% post 2035, as data centers fuel power demand: WoodMac

29 Oct 2025

By Kavya Balaraman (Reuters) -U.S. nuclear power generation is set to rise, analysts at Wood Mackenzie said, as surging demand driven by data centers strains grids across the country and a wave of tech companies sign deals to source power from the zero-carbon resource. A flurry of announcements in nuclear energy investments – most recently …

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Federal shutdown could cost US economy up to $14 billion 

29 Oct 2025

By David Morgan WASHINGTON (Reuters) -The federal government shutdown could cost the U.S. economy between $7 billion and $14 billion, shaving up to 2% from gross domestic product in the fourth quarter due to the lapse in government spending, the nonpartisan Congressional Budget Office said on Wednesday. The partial shutdown was in its 29th day …

Federal shutdown could cost US economy up to $14 billion  Read More »

US court to decide pending motions in Citgo parent auction by end of Nov

29 Oct 2025

HOUSTON (Reuters) -A U.S. federal judge on Wednesday said he will decide on pending motions seeking to disqualify him and advisors overseeing the court-ordered auction of Citgo Petroleum’s parent by the end of the month, along with a ruling to resolve objections to the bid recommended as the auction’s winner. The decisions by Delaware Judge …

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Senate Democrats urge Trump not to ease national security restrictions on China for trade deal

29 Oct 2025

(Reuters) -A group of Senate Democrats led by Chuck Schumer on Wednesday urged President Donald Trump not to lift national security restrictions on China in pursuit of a trade deal. “America’s export controls, investment safeguards, and our longstanding security partnerships must not be on the negotiating table,” the senators wrote, also calling on Trump not …

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Data center operator Equinix lowers 2025 revenue forecast, facing deal-closure delays

29 Oct 2025

(Reuters) -Equinix lowered its forecast for annual revenue due to the data center operator facing delays in closing a deal and a negative impact from foreign exchange rates, its CEO said on Wednesday, while Wall Street counts on the company to benefit from booming spending on AI infrastructure. Though Equinix has been expanding its business …

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Fed delivers expected rate cut; Powell says December rate cut not assured

29 Oct 2025

NEW YORK (Reuters) -A divided U.S. Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday and announced it will restart limited purchases of Treasury securities after money markets showed signs that liquidity was becoming scarce, a condition the U.S. central bank has pledged to avoid. The 10-2 decision to lower …

Fed delivers expected rate cut; Powell says December rate cut not assured Read More »

MercadoLibre’s third-quarter net profit misses estimates despite revenue beat

29 Oct 2025

By Andre Romani SAO PAULO (Reuters) -E-commerce firm MercadoLibre posted on Wednesday a net profit below analysts’ expectations, impacted by currency effects and weaker demand in Argentina, while a free-shipping boost in Brazil hit margins but helped to drive a revenue beat. Uruguay-headquartered MercadoLibre, Latin America’s most valuable company by market cap, posted a $421 …

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Carvana’s third-quarter results rise on used vehicle demand

29 Oct 2025

(Reuters) -Used car retailer Carvana reported higher third-quarter profit and revenue on Wednesday, aided by strong demand for preowned vehicles. Demand for used vehicles has remained strong as consumers flock to older cars to avoid hefty price tags on new ones caused by tariffs. “We believe tariffs have actually led us to a stronger used-vehicle …

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US appeals court signals $16.1 billion award against Argentina may not stand

29 Oct 2025

By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Wednesday signaled a willingness to set aside a $16.1 billion judgment against Argentina for seizing control of state-owned oil company YPF in 2012, because the case didn’t belong in the United States. Two judges on a three-judge panel of the 2nd U.S. Circuit Court …

US appeals court signals $16.1 billion award against Argentina may not stand Read More »

NTSB urges owners of some Learjet models to check main landing gear after fatal incident

29 Oct 2025

By David Shepardson (Reuters) -The National Transportation Safety Board on Wednesday issued an urgent recommendation to operators of 10 Bombardier Learjet airplane models to ensure main landing gear is attached correctly. The recommendation to the Federal Aviation Administration to mandate compliance with manufacturer service bulletins on landing gear would cover 1,883 airplanes currently in service. …

NTSB urges owners of some Learjet models to check main landing gear after fatal incident Read More »

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