Reuters US Business

By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks gained for a second straight session on Monday as investors sought bargains after the Nasdaq and S&P 500’s four-week tumble and assessed the latest economic data to gauge the impact of the Trump administration’s policies. Retail sales rebounded marginally in February, but fell short of expectations, reflecting …

US stocks rally as investors weigh economic data, Trump policies Read More »

By Ana Mano and Roberto Samora SAO PAULO (Reuters) -The controlling shareholder of Brazilian meatpacking giant JBS and government investment vehicle BNDESPar, the second largest shareholder in JBS, have signed a deal that puts the company closer to listing its shares in both the United States and Brazil. In a securities filing released on Monday, …

JBS inches closer to US listing as state shareholder abstains from key vote Read More »

By Sheila Dang (Reuters) -Chevron bought about 4.99% of Hess Corp’s common shares this year, reflecting its confidence in completing the planned acquisition of Hess, the oil giant said in a regulatory filing on Monday. The second-largest U.S. oil producer agreed in October 2023 to buy Hess in an all-stock deal valued at $53 billion …

Chevron buys about 5% of Hess stock, says it is confident of merger Read More »

(Reuters) -Venezuela’s state-run PDVSA has put together three operational scenarios as part of a plan to continue producing and exporting oil at its largest joint venture with Chevron once a license for the U.S. major to operate in the country expires next month, according to a company document seen by Reuters on Monday. The administration …

Venezuela’s PDVSA to keep producing, exporting oil previously handled by Chevron, document says Read More »

By Daniel Wiessner (Reuters) – President Donald Trump has rescinded an executive order issued by his Democratic predecessor, Joe Biden, that required businesses that contract with the federal government to pay workers a minimum wage of $17.75 an hour. Trump, a Republican, late on Friday repealed nearly 20 Biden-era memos and executive orders touching on …

Trump nixes $17.75 minimum wage for federal contractors adopted by Biden Read More »

By Timothy Gardner WASHINGTON (Reuters) -The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec’s Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to restart after ceasing operations. The conditional loan guarantee was part …

US releases $57 million in financing to help reopen Michigan reactor Read More »

(Reuters) – The U.S. Energy Information Administration said on Monday that natural gas pipeline projects completed in 2024 increased the country’s liquefied natural gas (LNG) takeaway capacity by 17.8 billion cubic feet per day (bcfd). Takeaway capacity refers to the maximum amount of gas a pipeline can transport away from a production area or storage …

US natural gas pipeline completions boosted takeaway capacity, EIA says Read More »

By David Ljunggren OTTAWA (Reuters) -Canada is looking for possible alternatives to its deal to buy U.S. fighter jets in part because it relies too much on the United States for security, Prime Minister Mark Carney said on Monday. Carney made the comments just days after ordering a review of a C$19-billion ($13.29 billion) contract …

Canada reviews fighter deal, says it relies on US too much for security Read More »