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US adds 10 more mining projects to fast-track permitting list

2 May 2025

The Trump administration on Friday added 10 more U.S. mining projects to a fast-track permitting list aimed at expanding critical minerals production across the country. The projects – which would supply copper, palladium and other minerals – have been granted FAST-41 status, a federal initiative launched in 2015 to streamline approvals of critical infrastructure. The …

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Environmental groups blast JBS’s US listing approval; Wall Street praises it

2 May 2025

By Ana Mano SAO PAULO (Reuters) -The U.S. financial regulator’s approval last month of a proposal by the world’s largest meatpacker JBS to list on the New York Stock Exchange is drawing strong criticism from climate and animal rights groups but praise from Wall Street. In multiple statements after April 22, when Brazil’s JBS said …

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US economy risks losing billions as travel demand weakens, analysts warn

2 May 2025

By Siddarth S (Reuters) -Weakening travel demand, signaled by grim earnings forecasts of travel-related companies, may erase billions of dollars from the U.S. economy this year as the Trump administration’s trade policy takes a toll on consumer sentiment, analysts have warned. “Anti-American sentiment could be driving a decline in international tourism, which is considered a …

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Barclays, Goldman expect next Fed rate cut in July after jobs report

2 May 2025

(Reuters) – Barclays and Goldman Sachs said on Friday that they were expecting the U.S. Federal Reserve to deliver the next interest rate cut in July, after a stronger-than-expected jobs report. They had previously forecast a rate cut in June. Data on Friday showed, nonfarm payrolls increased more than expected in April, with the unemployment …

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Exxon beats Wall Street profit estimate, on track to meet buyback target

2 May 2025

By Sheila Dang HOUSTON (Reuters) -Exxon Mobil on Friday beat Wall Street’s estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings. The largest U.S. oil producer paid $4.3 billion in dividends and repurchased $4.8 billion in shares during the quarter. The buyback figure puts Exxon on …

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Cboe delivers record profit as tariff risks drive hedging rush

2 May 2025

By Arasu Kannagi Basil (Reuters) -Derivatives exchange Cboe Global Markets reported a record first-quarter profit on Friday and boosted its annual revenue growth forecast as tariff news drove up market volatility and fueled strong growth in options trading. Exchanges thrive during times of market turmoil as trading volumes surge and investors hedge their portfolios to …

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Commercial aircraft demand boosts US factory orders in March

2 May 2025

WASHINGTON (Reuters) -New orders for U.S.-manufactured goods surged in March, boosted by demand for commercial aircraft, but the momentum was expected to fizzle amid trade tensions. Factory orders increased 4.3% after a downwardly revised 0.5% rise in February, the Commerce Department’s Census Bureau said on Friday. Economists polled by Reuters had forecast factory orders would …

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DuPont beats earnings estimates, warns of tariff hit

2 May 2025

By Vallari Srivastava (Reuters) – DuPont beat Wall Street expectations for first-quarter earnings on Friday and left its full-year profit outlook unchanged, although it warned of a hit from tariffs. U.S. President Donald Trump has upended the global order through tariffs, forcing companies to assess the potential fallout from his chaotic trade policies. DuPont expects …

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