By Arathy Somasekhar HOUSTON (Reuters) – Officials at the Port of Corpus Christi, the largest U.S. oil-export port by volume, on Wednesday said they intend to appoint an interim chief soon and t[...]
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May 17, 2023
US railroads mostly on board with lawmakers’ safety push-CSX CEO
By Lisa Baertlein CHICAGO (Reuters) – U.S. freight railroads agree with most of federal lawmakers’ efforts to make the industry safer following the fiery Norfolk Southern train derailment[...]
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Marketmind: Japan leads the way, China feels the heat
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors in Asia go into Thursday with some major economic indicators from Japan and Australia and an[...]
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US supply chain woes shift and persist in 2023
By Lisa Baertlein CHICAGO (Reuters) -The U.S. supply chain is healing from early pandemic shocks that sent shipping costs skyrocketing and squeezed supplies of everything from toilet paper to pasta, b[...]
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US regional bank shares rally after Western Alliance reports deposit growth
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of U.S. regional lenders jumped on Wednesday on growing investor confidence that the worst of the banking crisis was likely over, following news of[...]
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Theranos founder Elizabeth Holmes to report to prison in two weeks
By Jody Godoy (Reuters) – Theranos founder Elizabeth Holmes will begin serving her prison sentence on May 30 for defrauding investors in the failed blood-testing startup once valued at $9 billio[...]
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SVB Financial defeats FDIC effort to seize incoming tax refunds
By Dietrich Knauth NEW YORK (Reuters) – A U.S. bankruptcy judge on Wednesday ordered the U.S. Federal Deposit Insurance Corporation to return $10 million in seized tax refund checks to SVB Finan[...]
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US sharply raises shale oil drilling count but not output forecast
By Stephanie Kelly NEW YORK (Reuters) – U.S. oil producers were much more active last year in the prolific Permian Basin than the Energy Information Administration previously thought, the agency[...]
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US expects flights to jump on Memorial Day weekend, near pre-COVID levels
By David Shepardson WASHINGTON (Reuters) -U.S. aviation regulators are forecasting nearly 313,000 flights over the seven-day Memorial Day holiday period, up 4.5% from 2022 and just below 2019 pre-pand[...]
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