Reuters US Business

By Laila Kearney NEW YORK (Reuters) -U.S. oilfield services firm Baker Hughes is collaborating with Controlled Thermal Resources in California to develop one of the world’s largest single geothermal power projects, with plans to market the electricity to data centers, the companies said on Tuesday. Energy-intensive data centers, which are used to produce the next wave …

Baker Hughes joins giant California geothermal power project Read More »

By Lisa Baertlein LOS ANGELES (Reuters) – U.S. imports of containerized goods rose 1.6% year-over-year in August, even as volume from China and other key suppliers tumbled amid uncertainty over President Donald Trump’s trade policy, supply chain technology provider Descartes said on Tuesday. U.S. seaports handled 2.5 million 20-foot equivalent units of cargo last month, …

US container imports up in August, tariff turmoil dims year-end outlook Read More »

By David Shepardson and Ryan Patrick Jones WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday that Norfolk Southern has agreed to give all Amtrak passenger trains the “highest priority” over freight trains. The settlement with Norfolk Southern resolves allegations the railroad delayed passenger trains on Amtrak’s Crescent Route between New York City and …

Norfolk Southern to give Amtrak trains priority over freight, US Justice Dept says Read More »

By Nupur Anand NEW YORK (Reuters) -U.S. consumers are raising spending and paying bills on time, reflecting their continued financial health, said Wells Fargo Chief Financial Officer Mike Santomassimo on Tuesday. “Despite what you may read in terms of softening, we are seeing activity levels still to be quite strong and credit performance to still …

Wells Fargo says US consumer finances are strong, with good credit Read More »

By Jarrett Renshaw (Reuters) – U.S. lawmakers from states with oil refineries, led by Republican Senator Mike Lee of Utah, will introduce legislation on Tuesday to block President Donald Trump from shifting renewable fuel blending obligations from small refineries to larger ones, according to draft legislation seen by Reuters. U.S. biofuels policy has been politically …

Refinery-state senators look to block Trump from shifting renewable fuel obligation Read More »

By Kritika Lamba (Reuters) – Nebius Group’s shares jumped nearly 44% to $91.75 on Tuesday, touching a record high as investors cheered its $17.4-billion deal supplying AI infrastructure to Microsoft over a five-year period. The agreement, which could expand to $19.4 billion if Microsoft increases demand, underscores the growing need for high-performance AI data centers …

Nebius Group hits record high as $17.4 billion Microsoft deal affirms expansion strategy Read More »