Reuters US Business

By Curtis Williams HOUSTON (Reuters) -Commonwealth LNG has asked federal regulators for a four-year extension to construct and begin shipping liquefied natural gas from a proposed export facility in Cameron Parish, Louisiana, a regulatory document shows. In a letter to the Federal Energy Regulatory Commission, Commonwealth said the extension was needed due to an approval …

Commonwealth LNG wants more time to build planned export facility in Louisiana Read More »

(Reuters) -Tesla unveiled more affordable versions of its best-selling Model Y SUV and its Model 3 sedan on Tuesday at $39,990 and $36,990, respectively, as the electric-vehicle maker seeks to reverse falling sales and waning market share amid rising competition. MARKET REACTION: Tesla shares dropped 3.6% in afternoon trading. The S&P 500 was down 0.4% …

Reactions to Tesla’s launch of cheaper Model Y and Model 3 Read More »

WASHINGTON (Reuters) -Millions of U.S. retirees and other Social Security recipients will have to wait for a while to learn how big their checks will be in 2026 as the ongoing partial government shutdown is set to delay the release of September’s consumer inflation data. The Social Security Administration would have used the Consumer Price …

US government shutdown will delay Social Security 2026 COLA announcement  Read More »

By Ann Saphir (Reuters) -Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday said that while he doesn’t believe artificial intelligence will quickly replace U.S. workers, massive investment in AI data centers will tend to drive borrowing costs higher, even if the Fed reduces its short-term policy rate.  President Donald Trump has pushed for …

Fed’s Kashkari says he’s skeptical AI is replacing workers, but it may push up rates Read More »

By Ateev Bhandari (Reuters) -Intercontinental Exchange said on Tuesday it would invest up to $2 billion in Polymarket, marking the New York Stock Exchange owner’s expansion into event-driven markets as the once-nascent asset class gains widespread popularity. Prediction markets, where users wager on outcomes across sports, entertainment, politics and the economy, including bets on when …

NYSE owner takes $2 billion stake in Polymarket as prediction markets heat up Read More »

By Diana Novak Jones (Reuters) -A Los Angeles jury ordered Johnson & Johnson to pay $966 million to the family of a woman who died from mesothelioma, finding the company liable in the latest trial alleging its talc products cause cancer. The family of Mae Moore, a California resident who died at age 88 in …

Johnson & Johnson ordered to pay $966 million in talc cancer case after jury finds company liable Read More »

By Michael S. Derby NEW YORK (Reuters) -Americans grew more worried about the future of the job market in September, while at the same time bumping up projections for the future path of near-term inflation, a report from the Federal Reserve Bank of New York said on Tuesday. Respondents to the bank’s latest Survey of …

NY Fed finds rising worry about state of job market in September Read More »