By David Shepardson WASHINGTON, Sept 16 (Reuters) – U.S. Transportation Secretary Sean Duffy said on Wednesday the Trump administration is temporarily relaxing rules on hours of service by truck drivers handling gasoline and diesel, citing supply and cost concerns. The 90-day waiver takes effect on
By Yuka Obayashi TOKYO, Sept 17 (Reuters) – Oil prices fell in early trade on Thursday, extending the previous day’s losses, as reports of Saudi Arabia offering extra crude cargoes through Oman reduced fears of supply disruptions in the Middle East. Brent crude futures dropped $1.24, or 1.2%, to $10
WASHINGTON (AP) — The House overwhelmingly approved a bill Wednesday that aims to have artificial intelligence data centers pay for their substantial energy needs as lawmakers used what was expected to be their final day in Washington before the midterm elections to address a growing voter concern.
ST. LOUIS (AP) — The creator of a Texas-based investment company has been sentenced to 11 years in federal prison for his role in a Ponzi scheme that prosecutors say bilked 64 victims, including Kansas City Chiefs tight end Travis Kelce. U.S. District Judge Zachary Bluestone sentenced Siddharth Jawa
By Deisy Buitrago, Sheila Dang and Marianna Parraga CARACAS/HOUSTON, Sept 16 (Reuters) – ExxonMobil is negotiating to return to Venezuela and has shown interest in the large Petromonagas heavy oil project in the Orinoco Belt – where the US energy major previously had a stake – as well as in areas in
Fears about out-of-control artificial intelligence and suggestions to hit the brakes on the technology’s development aren’t new, but they have recently found new life as warnings about rogue AI systems causing mayhem grow louder. Several leading AI executives recently voiced agreement on a need for
By Nichola Groom and Nolan D. McCaskill Sept 16 (Reuters) – The U.S. House of Representatives on Wednesday passed a bill aimed at protecting households from electricity cost increases tied to the expansion of data centers, the first time the chamber has advanced legislation directly addressing econo
Sept 16 (Reuters) – Holtec Nuclear has suspended its planned U.S. initial public offering due to market conditions, the nuclear technology company said on Wednesday. The Camden, New Jersey-based company said it would continue to evaluate the timing of the offering, but did not give a specific date.
KYIV, Sept 16 (Reuters) – The U.S. International Development Finance Corporation approved an €85 million ($97.5 million) loan to Ukraine’s largest private energy company, DTEK, to expand its battery storage, DFC and DTEK said on Wednesday. It is the DFC’s largest loan for Ukraine’s energy sector sin
By Jacob Bogage WASHINGTON, Sept 16 (Reuters) – US President Donald Trump on Wednesday leveled his most pointed — though still indirect — criticism yet at his hand-picked Federal Reserve chief, fuming on social media over the central bank’s move to raise interest rates in a bid to calm persistent in
(SRN NEWS) – The Federal Reserve is raising its benchmark interest rate by a quarter of a percentage point, moving it to approximately 3.9 percent in a major shift for the central bank. It is the first rate increase since 2023. Federal Reserve officials say the move is necessary to confront stubborn
Sept 16 (Reuters) – Top U.S. banks raised their prime lending rate on Wednesday after the Federal Reserve lifted its benchmark interest rate, a move that would increase borrowing costs for consumers and businesses with loans. Following the Fed’s first rate hike since 2023, the prime rate of JPMorgan
By Fabian Cambero SANTIAGO, Sept 16 (Reuters) – Chilean state-owned copper giant Codelco’s restructuring plan may not be ready until the end of 2026, the company told Reuters on Wednesday, signalling a delay for a much-anticipated strategy meant to address years of stagnant production and mounting c
By Saeed Azhar and Arasu Kannagi Basil NEW YORK, Sept 16 (Reuters) – The chief of Goldman Sachs said on Wednesday he expects the bank’s fixed-income, currencies and commodities (FICC) business to be slightly softer in the third quarter compared to very strong performance for its equities business, p
CORAL GABLES, Fla. (AP) — Teams from the University of Miami will be wearing Nike apparel again starting in July 2027, a person familiar with the agreement said Wednesday. The sides have struck a 10-year deal that will exceed $200 million in total value, said the person, who spoke to The Associated
WASHINGTON (AP) — The Federal Reserve just raised the cost of money — bad news for borrowers, good news for savers. The Fed increased its benchmark interest rate Wednesday by a quarter-point, the first rate hike since the summer of 2023. The hike will likely make it even costlier to borrow for homes
By Courtney Rozen WASHINGTON, Sept 16 (Reuters) – U.S. President Donald Trump’s outside tech adviser David Sacks on Wednesday argued that public concerns about AI are being driven by advocacy campaigns and media coverage, echoing Trump’s comments earlier this week dismissing calls for new AI regulat
Sept 16 (Reuters) – The Federal Reserve’s predominant focus will remain on controlling inflation, Fed Chairman Kevin Warsh said on Wednesday after the U.S. central bank raised rates. “So our predominant focus is on the price stability side of our mandate. Plain fact is that inflation is too high, an
NEW YORK, Sept 16 (Reuters) – The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new US central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration’s inability so far to
NEW YORK (AP) — Online behemoth Amazon said it’s increasing the mininum starting hourly wage for its U.S. full-time core operations employees to $20 ahead of the crucial holiday shopping season. With the $1-per-hour increase across the board for these types of workers who do jobs like pack and ship
By Michael S. Derby WASHINGTON, Sept 16 (Reuters) – Federal Reserve officials expect one more interest rate increase this year after raising rates on Wednesday and expect to hold steady in 2027, quarterly projections released after their latest policy meeting showed. At the same time, policymakers a
Sept 16 (Reuters) – Union Pacific on Wednesday said soaring diesel prices were prompting some shippers to move freight from trucks to rail, boosting demand for the railroad as customers seek lower transportation costs. Speaking at the Morgan Stanley Laguna Conference, Chief Financial Officer Jennife
Ed Sheeran’s tour of North and South America has been roiled by the decision this week to drop Macklemore as an opener because of the rapper’s onstage pro-Palestinian comments. Since then, all of Sheeran’s other supporting acts have dropped out, including a group that performs with Sheeran during pa
Sept 16 (Reuters) – Anthropic said on Wednesday it is combining the chat and Cowork features of its Claude AI assistant into a single interface and launching new document and presentation tools. The company will also integrate its visual work tool, Claude Design, into the main interface, with the ch
By Ross Kerber Sept 16 (Reuters) – The U.S. Securities and Exchange Commission on Wednesday proposed to end its oversight of corporate shareholder votes on topics like climate change or executive pay, a move critics see as a blow to corporate reforms. The move, expected since last month, is part of
By Rajesh Kumar Singh and Shivansh Tiwary CHICAGO, Sept 16 (Reuters) – American Airlines CEO Robert Isom said on Wednesday that persistently high fuel prices could force the carrier to adjust capacity, even as strong demand and revenue gains have helped offset much of the higher cost. Speaking at a
WASHINGTON/HOUSTON, Sept 16 (Reuters) – A U.S. oil and gas producer will announce a major investment into Venezuela on Wednesday, U.S. Energy Secretary Chris Wright told Fox News. Foreign oil producers are migrating joint ventures and production sharing contracts in Venezuela as part of a sweeping e
Meta CEO Mark Zuckerberg said it’s up to each AI company to make sure its technology is safe, distancing himself from calls by rival companies for a coordinated slowdown in the development of advanced artificial intelligence. The comments Zuckerberg posted on social media followed a proposal from An
WASHINGTON, Sept 16 (Reuters) – U.S. business inventories increased more than expected in July as retailers and wholesalers restocked to meet robust demand, suggesting that inventories could add to economic growth in the third quarter. Inventories jumped 0.8% after edging up 0.1% in June, the Commer
Sept 16 (Reuters) – Apple is considering returning to the enterprise server market, combining its own chips with Nvidia’s networking technology, The Information reported on Wednesday, citing people familiar with the matter. Cupertino, California-based Apple is developing an AI server that could be o
