Reuters US Business

By Melanie Burton MELBOURNE (Reuters) -The U.S. and China are battling to project power as they compete to secure critical minerals supply, the new chair of BHP said on Thursday, downplaying any potential for the global miner to be caught between its top customer and the world’s biggest economy. “You’ve got two very, very powerful …

China and US ‘just flexing muscles’ over critical metals, BHP chair says Read More »

By Akash Sriram and Abhirup Roy (Reuters) -Tesla  reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month. However, Tesla’s profit failed to live up to analysts’ …

Tesla profit falls short despite record sales, hit by higher costs and fading credits Read More »

By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines reported an unexpected third-quarter profit on Wednesday, and forecast record sales in the current quarter on the back of improvements in travel demand. The Texas-based carrier, however, pared its estimates for revenue per available seat mile, or revenue per seat, in the quarter through December, citing delays …

Southwest Airlines posts surprise quarterly profit, foresees strong sales Read More »

(Reuters) -Australia’s Fortescue posted a 4.2% rise in first-quarter iron-ore shipments on Thursday as the firm logged a record for first-quarter production on the back of higher hematite shipments.  Its hematite operations shipped 47.6 million metric tonnes (Mt) during the quarter, 3.3% higher than last year, boosting the firm’s first-quarter shipments to 49.7 Mt of …

Fortescue’s Q1 iron-ore shipments rise, maintains fiscal 2026 outlook Read More »

By Sumit Saha (Reuters) -U.S. pipeline operator Kinder Morgan posted a rise in third-quarter profit on Wednesday, helped by higher volumes of natural gas transported through its pipelines. The U.S. LNG sector is witnessing a resurgence in commercial activity driven by expectations of rising exports as new terminals come online following President Donald Trump’s January …

Kinder Morgan posts higher third-quarter profit on stronger natural gas demand Read More »

By Stephen Nellis SAN FRANCISCO (Reuters) -NextSilicon, an Israeli startup whose computing chips are being evaluated by U.S. national labs, on Wednesday said it is developing a central processor that it hopes will rival Intel and AMD and help it compete with Nvidia’s systems. NextSilicon’s has raised $300 million in funding and its flagship “Maverick-2” …

NextSilicon reveals new processor chip in challenge to Intel, AMD  Read More »

(Reuters) -Social media platform Reddit sued artificial intelligence startup Perplexity in New York federal court on Wednesday, accusing it and three other companies of unlawfully scraping its data to train Perplexity’s AI-based search engine. Reddit said in the complaint that the data-scraping companies circumvented its data protection measures in order to steal data that Perplexity …

Reddit sues Perplexity for scraping data to train AI system Read More »

(Reuters) -Tesla is recalling 12,963 vehicles in the U.S. due to a defect in a battery pack component that could lead to a sudden loss of drive power, the U.S. National Highway Traffic Safety Administration said on Wednesday. The issue in certain 2025 Model 3 and 2026 Model Y vehicles could result in the driver …

Tesla to recall nearly 13,000 US vehicles over battery risk Read More »

By David Shepardson WASHINGTON (Reuters) -Ford said on Wednesday it is recalling nearly 1.45 million older vehicles in the U.S. due to faulty rear-view cameras and will extend warranty coverage on millions of other vehicles.  The announcement is the latest in a series of recalls over the issue for the second-largest U.S. automaker. Last month, …

Ford recalls 1.4 million US vehicles over faulty rear-view cameras Read More »