By Leah Douglas (Reuters) – POET LLC, the world’s largest ethanol producer, said it hopes to meet some of its climate goals early as a result of a new partnership it announced this week with a Midwest carbon capture and storage (CCS) pipeline. POET LLC’s decision to partner with Navigator CO2 Ventures is a major…
(Reuters) -U.S. household wealth declined for the first time in two years in the first quarter of 2022 as a drop in the stock market overwhelmed continued gains in home values, a Federal Reserve report on Thursday showed. Household net worth edged down to $149.3 trillion from a record $149.8 trillion at the end of…
By Marwa Rashad LONDON (Reuters – An at least three-week shutdown at Freeport LNG, operator of one of the largest U.S. export plants producing liquefied natural gas (LNG), is expected to delay cargoes to Europe, further stressing the continent’s drive to phase out Russian gas. The outage at the plant, which provides around 20% of…
By Devik Jain and Mehnaz Yasmin (Reuters) – Wall Street’s main indexes fell in choppy trading on Thursday, as growth and bank stocks slipped amid weaker risk appetite ahead of a closely watched inflation report this week. Nine of the 11 major S&P sectors traded lower, with energy, financials and materials down 1% each. Consumer…
By Diane Bartz WASHINGTON (Reuters) – A U.S. judge said on Thursday that the U.S. Justice Department’s antitrust lawsuit against American Airlines Group Inc and JetBlue Airways Corp would go forward. A trial in the case has been set for Sept. 26. In its lawsuit filed in September in Boston, the government asked Judge Leo…
By Andrea Shalal and Jorgelina do Rosario WASHINGTON (Reuters) -The International Monetary Fund expects to further cut its forecast for global economic growth in 2022 next month, an IMF spokesperson said on Thursday, following moves by the World Bank and Organization for Economic Co-operation and Development (OECD) to cut their own forecasts this week. That…
By Pete Schroeder WASHINGTON (Reuters) – A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been granted to a fintech called Reserve Trust. In a letter obtained by Reuters, Senator Pat Toomey told Kansas City Fed President Esther…
By Stine Jacobsen and Helena Soderpalm COPENHAGEN (Reuters) -Some 1,000 SAS pilots in Denmark, Norway and Sweden could go on strike from late June over disagreements on wages and ways to cut costs at the struggling Nordic airline, labour unions said, drawing a sharp rebuke from the company. “We have been negotiating for months without…
By Nichola Groom (Reuters) – U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans to replace fossil fuels with wind and solar energy. At least a dozen storage projects meant to support growing renewable energy supplies have been postponed,…
By Michel Rose TOULOUSE, France (Reuters) – The vibrant southern French city of Toulouse, home to pan-European industrial champion Airbus, might seem an unlikely prize for the anti-free market, eurosceptic Jean-Luc Melenchon. But after Melenchon came top in the Toulouse constituency hosting the aerospace company in France’s presidential election, it is a seat his new…
