(Reuters) – NextDecade Corp shares fell 23% on Thursday on investor worries over the terms of $18.4 billion financing the U.S. liquefied natural gas developer obtained to go ahead with the long-delayed Phase 1 of Rio Grande LNG export facility. The company had on late Wednesday said it was one of the largest greenfield energy…
By Chibuike Oguh NEW YORK (Reuters) – Shares in Viasat plunged by as much as 36% to about a one-year low on Thursday after the U.S. satellite communications firm disclosed that one of its key satellites malfunctioned during deployment in space. The company’s ViaSat-3 Americas satellite developed an unexpected fault during its deployment – an…
By Gayatri Suroyo, David Brunnstrom and Simon Lewis JAKARTA/WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken held “candid and constructive” talks with top Chinese diplomat Wang Yi on Thursday in Indonesia’s capital, an official said, the latest in a series of interactions Washington says are aimed at managing competition between the rival superpowers. In…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, further evidence that the economy had entered a period of disinflation even as the labor market remains tight. The report from the Labor Department on Thursday followed news…
By Bansari Mayur Kamdar (Reuters) – Shares in Google parent Alphabet Inc were up 4.9% on Thursday after it said it was rolling out its artificial-intelligence chatbot Bard in Europe and Brazil, easing worries about overseas regulatory issues. The stock last traded at $124.73 and was on track for its biggest one-day percentage gain since…
(Reuters) – U.S. shoppers plan to spend a record $41.5 billion during the upcoming school year, a trade group forecast on Thursday, as families accommodate an inflation-driven rise in the prices of back-to-school items, particularly electronics. The survey by the National Retail Federation (NRF) predicts consumers will spend 12.5% more during one of the key…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday reiterated that rate hikes will be essential to bring down high inflation in the United States. Daly has previously said she believes two more rate hikes will likely be needed this year. Daly wants to start heading towards a neutral rate as the…
By David Shepardson WASHINGTON (Reuters) – A group of 95 U.S. lawmakers on Thursday urged the Biden administration to finalize stricter emissions limits than it proposed in April, already prompting opposition from most automakers, a letter seen by Reuters showed. A dozen Democratic senators, including Ed Markey, Tom Carper, Alex Padilla, Ron Wyden, Elizabeth Warren,…
(Reuters) – A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday. The survey on nine “superstar” cities — Beijing, Houston, London, New York City, Paris, Munich, San Francisco, Shanghai…
WASHINGTON (Reuters) – The U.S. Secret Service said on Thursday it had concluded its investigation into cocaine found at the White House and said it had been unable to identify a suspect. The cocaine was found “inside a receptacle used to temporarily store electronic and personal devices prior to entering the West Wing,” the Secret…
