(Reuters) -3M’s Cynthiana facility received a subpoena in May seeking information about PFAS and alleged hazardous substances used or released at the site, the company’s quarterly report on Friday showed. The notice from the Kentucky Energy and Environment Cabinet also directed the company to develop a plan to investigate suspected release of the so-called “forever …
3M plant receives PFAS subpoena from Kentucky regulator Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. single-family homebuilding dropped to an 11-month low in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter. The report from the Commerce Department on Friday also showed permits for future construction of single-family homes tumbled to more than …
US single-family homebuilding hits 11-month low; building permits slump Read More »
By Joel Jose and Harshita Mary Varghese (Reuters) -Netflix shares declined more than 4% on Friday as some investors were disappointed by a revenue forecast that was driven more by a weaker dollar than strong demand for the streamer’s content. Expectations were running high for the streaming giant, after its shares nearly doubled in value …
Netflix shares fall as weak dollar-driven forecast fails to impress Read More »
By Makiko Yamazaki TOKYO (Reuters) -A mutually beneficial U.S.-Japan tariff agreement is still possible, Treasury Secretary Scott Bessent said on Friday after meeting Japanese Prime Minister Shigeru Ishiba in Tokyo. “A good deal is more important than a rushed deal, and a mutually beneficial trade agreement between the United States and Japan remains within the …
US Treasury’s Bessent says good tariff deal with Japan still possible Read More »
By Howard Schneider WASHINGTON (Reuters) -The case for a U.S. interest rate cut remains unresolved as Federal Reserve officials head into their policy meeting later this month, with data showing fresh signs of higher inflation and President Donald Trump intensifying his demands for lower borrowing costs. Trump appeared near the point of trying to fire …
Fed’s rate-cut delay intact as inflation fears override Trump pressure Read More »
By Medha Singh (Reuters) -Crypto-focused stocks rose on Friday, after ether hit a six-month high on the passage of a stablecoin bill by the U.S. House of Representatives. The bill, expected to be signed into law by President Donald Trump, marks a watershed for the digital asset industry, which has long pushed lawmakers to create …
Crypto stocks jump as ether scales six-month high Read More »
By Aishwarya Jain (Reuters) -3M raised its full-year profit forecast and projected a smaller tariff-related hit to its 2025 earnings on Friday, weeks after the U.S. and China arrived at a trade truce. As trade tensions show signs of easing, following agreements between the U.S. and other countries including the UK and Vietnam, companies have …
3M sees smaller tariff hit on 2025 profit amid easing US-China trade tensions Read More »
WASHINGTON (Reuters) -U.S. consumer sentiment improved in July, and while inflation expectations continued to decline, households still saw substantial risk of price pressures increasing in the future. The University of Michigan’s Surveys of Consumers on Friday said its Consumer Sentiment Index rose to 61.8 this month from a final reading of 60.7 in June. Economists …
By Aatreyee Dasgupta (Reuters) -Top U.S. steelmakers’ second-quarter fortunes are likely to be a mixed bag, caught between a fillip from higher steel prices and uneven demand amid uncertainty over U.S. President Donald Trump’s tariffs. In its mid-quarter update, Nucor forecast second-quarter profit ahead of analysts’ estimates compiled by LSEG, citing higher average selling prices …
US steelmakers eye mixed second quarter despite tariff-led price spikes Read More »
By Sheila Dang HOUSTON (Reuters) -Chevron closed its $55 billion acquisition of Hess on Friday after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades. Chevron CEO Mike Wirth’s strategy to turn around his company’s lagging performance hinged on the acquisition, one of the …
Chevron closes Hess acquisition after winning Exxon legal battle Read More »
