NEW YORK (Reuters) -U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. The EIA had previously estimated U.S. oil output at 13.49 million bpd in March. Crude oil …
US crude oil output hit record in April, EIA data shows Read More »
By Davide Barbuscia NEW YORK (Reuters) -Surging U.S. government debt may sap investor appetite for key U.S. assets like long-dated Treasuries and the dollar, bolstering the case for turning to opportunities beyond U.S. borders, BlackRock said on Monday. President Donald Trump’s tariffs spurred market volatility this year and raised doubts over the dollar’s status as …
Rising government debt poses greatest risk to US market standing, says BlackRock Read More »
(Reuters) -The Trump administration is considering using the next expected Federal Reserve Board of Governors vacancy in early 2026 for appointing a successor to central bank Chair Jerome Powell, Treasury Secretary Scott Bessent said on Monday. “There’s a seat opening up, a 14-year seat opening up in January. So we’ve given thought to the idea …
By Tanay Dhumal (Reuters) -Shares of U.S. renewable energy firms saw a mixed performance in early Monday trading after the U.S. Senate advanced President Donald Trump’s sweeping tax-and-spending bill. The final version preserved tax credits for solar leasing — an arrangement where a third-party owns and installs a solar panel system on a customer’s property …
Renewable energy shares mixed as U.S. Senate preserves some tax credits in Trump bill Read More »
By Christy Santhosh (Reuters) -AbbVie said on Monday it would acquire privately held cell therapy developer Capstan Therapeutics in a deal worth up to $2.1 billion, expanding its product pipeline with experimental treatments for autoimmune diseases. The U.S. drugmaker has spent over $20 billion on acquisitions since 2023 as its flagship rheumatoid arthritis drug, Humira, …
AbbVie to buy Capstan for up to $2.1 billion in immunology push Read More »
By Scott DiSavino (Reuters) -U.S. energy companies are eying renewed opportunities to build natural gas pipelines to tap in to Appalachia shale formations in Pennsylvania, Ohio and West Virginia, buoyed by U.S. President Donald Trump’s pro-energy policies and expectations that demand for the fuel will rise in coming years. The U.S. is already the world’s …
US energy firms eye new Northeast natgas pipelines, buoyed by Trump and demand outlook Read More »
WASHINGTON (Reuters) -The United States will restart trade negotiations with Canada immediately after Canada scrapped its digital services tax targeting U.S. technology firms, White House economic adviser Kevin Hassett said on Monday. “Absolutely,” Hassett said on Fox News when asked about the talks restarting. President Donald Trump asked the Canadians to take the tax off at …
US to restart trade negotiations with Canada immediately, White House says Read More »
By Nate Raymond (Reuters) -The U.S. Supreme Court rejected on Monday a request by American Airlines to overturn a judicial decision that found that the company’s now-scrapped U.S. Northeast partnership with JetBlue Airways violated federal antitrust law. The justices turned away an appeal by American Airlines of a lower court’s decision in a lawsuit brought …
US Supreme Court rejects American Airlines appeal of ruling barring JetBlue alliance Read More »
(Reuters) -Iranian-affilited hackers may target U.S. companies and critical infrastructure operators, particularly defense organizations with holdings or relationships with Israeli research and defense firms, according to an advisory from U.S. government officials Monday. The FBI, National Security Agency, the Department of Defense Cyber Crime Center (DC3) and the Department of Homeland Security’s civilian cybersecurity defense …
By Timothy Gardner WASHINGTON (Reuters) -Alphabet’s Google said on Monday it has struck a deal to buy power from a project in Virginia fueled by fusion, the reaction that powers the sun and the stars but is not yet commercial on Earth. Google signed what it called the technology’s first direct corporate power purchase agreement …
Google strikes deal to buy fusion power from MIT spinoff Commonwealth Read More »
