By Jonathan Saul LONDON (Reuters) – Most of the jet fuel onboard the U.S.-flagged tanker Stena Immaculate that was hit by a container ship in a collision off Britain’s coast remains contained and only two of the vessel’s 18 fuel tanks have leaked, owner Stena Bulk said on Wednesday. The Portuguese-flagged Solong container ship crashed…
By Tim McLaughlin (Reuters) – President Donald Trump’s administration intends to overturn pollution rules aimed at reducing soot emissions from U.S. coal-fired power plants in a move intended to help keep some of the nation’s dirtiest plants operational, according to people familiar with the matter. Soot particles can wreak havoc on human health because they’re…
(Reuters) -A consortium consisting of Warburg Pincus and KKR is in talks to acquire German packaging and medical equipment maker Gerresheimer AG, Bloomberg News reported on Wednesday, citing people familiar with the matter. The private equity firms have emerged as the frontrunner after they teamed up and other potential bidders including Bain Capital dropped out,…
WASHINGTON (Reuters) – The U.S. budget deficit totaled $307 billion for President Donald Trump’s first full month in office, up 4%, or $11 billion, from a year ago, the Treasury Department said on Wednesday, even as growth in receipts outpaced that of spending. Receipts totaled $296 billion in February, a record for that month. That…
Why Reg A Companies Could Be a Safe Haven During Market Turbulence 🏛️📉 With the Nasdaq in correction territory and market volatility on the rise, investors are looking for alternative opportunities to protect and grow their capital. While traditional stocks face the pressure of interest rates, inflation, and economic uncertainty, Regulation A (Reg A) offerings…
SEATTLE (Reuters) – Boeing said on Tuesday it delivered 44 aircraft in February, up from 27 in the same month a year ago, as it works to stabilize and then increase production of its 737 MAX and 787 models. It was only slightly behind January when the planemaker’s 45 deliveries were the company’s best for…
By Katie Paul and Krystal Hu NEW YORK (Reuters) – Facebook owner Meta is testing its first in-house chip for training artificial intelligence systems, a key milestone as it moves to design more of its own custom silicon and reduce reliance on external suppliers like Nvidia, two sources told Reuters. The world’s biggest social media…
By Svea Herbst-Bayliss and Saeed Azhar NEW YORK (Reuters) – Bank of America’s latest cull has eliminated 150 jobs of junior bankers at its investment bank, two sources familiar with the matter told Reuters on Tuesday. The second-largest U.S. lender will offer the vast majority of junior bankers, which include associates and analysts, other roles…
📅 Market Outlook: Stagflation Risks in 2025 Wall Street is bracing for a potential economic scenario that most investors haven’t seen in decades: stagflation. A toxic mix of high inflation, slow economic growth, and rising unemployment, stagflation is one of the most difficult environments for markets. It’s a nightmare for the Fed, a headache for policymakers,…
By Jonathan Stempel NEW YORK (Reuters) -Wells Fargo sued JPMorgan Chase on Monday to recover losses for investors in a $481 million commercial real estate loan that was allegedly based on a fraudulently inflated financial metric. The lawsuit pits the fourth-largest U.S. bank against the largest, with Wells Fargo accusing JPMorgan of turning a blind…
