Reuters US Business

By Lisa Baertlein LOS ANGELES (Reuters) -The head of the busiest U.S. port does not expect imports to soar after last week’s tariff truce between Washington and Beijing that temporarily lowered the duty to 30% from 145%. “You won’t see a deluge of freight here at the Port of Los Angeles,” Gene Seroka, executive director …

Tariff truce will not spark cargo boom at busiest US seaport, executive director says Read More »

By Leah Douglas WASHINGTON (Reuters) -U.S. Senator Elizabeth Warren is pushing Brazilian meatpacker JBS SA to explain its $5 million donation to the Trump-Vance Inaugural Committee and whether the money courted the Trump administration’s recent approval of its listing on the New York Stock Exchange.  JBS, the world’s largest meat company, received approval in April …

US senator questions Brazilian meatpacker JBS over Trump inaugural fund donations Read More »

By David French (Reuters) -The private equity owner of Northwind Midstream is exploring a potential sale of the Permian Basin gas infrastructure operator, with any deal expected to value the company upwards of $2 billion, including debt, people familiar with the matter said. Five Point Infrastructure is working with investment bankers at Piper Sandler on …

Energy investor Five Point targets $2 billion from Northwind pipelines sale, sources say Read More »

By Jaiveer Shekhawat (Reuters) -The U.S. Department of Justice has opened a probe into a recent breach at the world’s largest cryptocurrency exchange Coinbase Global, the company said on Monday. “We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law enforcement’s pursuit of criminal charges …

US DOJ opens investigation into Coinbase’s recent cyberattack Read More »

(Reuters) -Delivery giant FedEx said on Monday it has appointed insider John Smith as CEO of its freight trucking spinoff, FedEx Freight. Smith, who is the chief operating officer of the company’s U.S. and Canada business, has been with the company for more than 25 years. He was CEO of the FedEx Freight business between …

FedEx appoints insider John Smith to lead freight spin-off business Read More »

By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) -Chile’s Codelco will partner with global mining giant Rio Tinto for its new Maricunga lithium project, the state miner said on Monday, bringing a major new player into the sector in the world’s second-largest producer of the EV battery metal. The partnership means Rio Tinto will …

Chile lithium deal deepens Rio Tinto’s push into ‘white gold’ EV metal Read More »