By Arasu Kannagi Basil (Reuters) -Fermi, co-founded by former U.S. Energy Secretary Rick Perry, is targeting a valuation of up to $13.16 billion in its U.S. initial public offering, it said on Wednesday, as the AI boom fuels spending on data centers. The Amarillo, Texas-based real estate investment trust plans to raise up to $550 …
Rick Perry’s data center REIT Fermi targets $13 billion valuation in US IPO Read More »
BUENOS AIRES (Reuters) -Argentina’s economic activity grew 2.9% in July compared with the same month last year, official data showed on Wednesday. The figure for Latin America’s third-largest economy came in below the 3.3% figure projected by analysts polled by Reuters. (Reporting by Hernan Nessi and Kylie Madry; Editing by Leslie Adler)
(Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said the U.S. jobs market remains “mostly steady and solid” and warned against a series of interest rate cuts, the Financial Times reported on Thursday. Goolsbee told the newspaper he was “uncomfortable with overly frontloading a lot of rate cuts on the presumption that (inflation) will …
WASHINGTON (Reuters) -Ben Carson, a former U.S. housing secretary and retired neurosurgeon, was sworn in on Wednesday as a national adviser on nutrition, health and housing at the U.S. Department of Agriculture, the agency said. Carson, who served as Housing and Urban Development secretary during President Donald Trump’s first term, will advise Trump and Agriculture …
By Georgina McCartney HOUSTON (Reuters) -Oil and gas activity in the key producing states of Texas, Louisiana and New Mexico declined slightly in the third quarter, as executives there expressed an increasingly negative outlook for the industry, according to a survey released by the Federal Reserve Bank of Dallas on Wednesday. The drop in activity …
‘Right now we are bleeding’: Oilfield execs dour in Dallas Fed energy survey Read More »
(Reuters) -Boeing will relocate F/A-18 fighter jet’s service life modification (SLM) work out of the St. Louis region to support expansion for future programs at its facilities, the jetmaker said on Wednesday. SLM refers to engineering upgrades and overhauls performed on an aircraft to extend its operational lifespan beyond the original design limits. The program …
Boeing to relocate F/A-18 service life modification work out of St. Louis Read More »
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexico’s headline inflation sped up in the first half of September, broadly in line with market expectations, heading closer to the upper limit of the central bank’s target. Banxico, as the central bank is known, is expected to further cut its benchmark interest rate 25 basis points later this …
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission said on Wednesday that Jon Kroeper has been appointed deputy director of the agency’s division of trading and markets effective Sept. 29, the SEC said in a statement. Kroeper previously worked at the the SEC from 1994-2000 and 2005-2007 as attorney, advisor and counselor to a commissioner …
Jon Kroeper named SEC deputy director of trading and markets division, agency says Read More »
By Lucia Mutikani WASHINGTON (Reuters) -Sales of new U.S. single-family homes surged to the highest level in more than 3-1/2 years in August, but that likely exaggerates the housing market’s health, and a weakening labor market could limit the boost from falling mortgage rates. The bigger-than-expected increase in sales last month reported by the Commerce …
US new home sales jump to more than 3-1/2-year high; economists dismiss rise as a fluke Read More »
(Reuters) -Argentina’s embattled bonds, stocks and peso currency gained for a third day on Wednesday after more details were shared on U.S. support for the reform push by the South American government under President Javier Milei. Below are comments from analysts on the latest developments: KIMBERLEY SPERRFECHTER, EMERGING MARKETS ECONOMIST, CAPITAL ECONOMICS “U.S. Treasury Secretary …
US support boosts Argentina stocks, bonds and peso Read More »
