News
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MP Materials' fourth-quarter loss beats Wall Street's expectations
Adds earning comparison in paragraph four, stock movement in paragraph two, unit results throughoutFeb 20 (Reuters) - Rare earths producer MP Materials MP.N said on Thursday its fourth-quarter loss widened due in part to higher production costs for the refining of the critical minerals, but the resu...Reuters
Thu, Feb 20
US agency staff told not to speak with Congress, lawmaker says
Adds EPA comment in paragraph 5By Leah DouglasWASHINGTON, Feb 20 (Reuters) - Staff at the U.S. farm, environment and interior agencies have been instructed by the Trump administration not to speak with the U.S. Congress, Representative Chellie Pingree said in a letter sent to the agency administrato...Reuters
Thu, Feb 20
Newmont beats fourth-quarter profit estimate on higher gold production, prices
Adds details and background in paragraphs 4-8 Feb 20 (Reuters) - Newmont NEM.N beat analysts' estimate for fourth-quarter profit on Thursday, as the world's biggest gold miner benefited from a rally in bullion prices and higher production.Average price of gold XAU= has been rising over th...Reuters
Thu, Feb 20
US opens probe into whether to rescind $4 billion in California high-speed rail grants
Adds California comment, background on other projectBy David Shepardson WASHINGTON, Feb 20 (Reuters) - The Trump administration said on Thursday it is opening a review into whether to rescind about $4 billion awarded to California's High-Speed Rail project.Voters approved $10 billion for the ...Reuters
Thu, Feb 20
USDA suspends scholarship program at historically Black colleges, website shows
By Leah DouglasWASHINGTON, Feb 20 (Reuters) - The U.S. Department of Agriculture has suspended a college scholarship program for students from rural and underserved backgrounds who attend historically Black colleges and universities (HBCUs), according to the program website. The 1890 scholars progra...Reuters
Thu, Feb 20
MP Materials' fourth-quarter loss widens on higher production costs
Feb 20 (Reuters) - Rare earths producer MP Materials MP.N said on Wednesday its fourth-quarter loss widened due in part to higher production costs for the refining of the minerals. The Las Vegas-based company reported a net loss for the period ended December 31 of $22.3 million, or 14 cents per s...Reuters
Thu, Feb 20
Newmont beats fourth-quarter profit estimate
Feb 20 (Reuters) - Newmont NEM.N beat analysts' estimate for fourth-quarter profit on Thursday, as the world's biggest gold miner benefited from a rally in bullion prices.On an adjusted basis, the company earned $1.40 per share for the quarter ended December 31, compared with analysts' a...Reuters
Thu, Feb 20
Oil rises for third day on US fuel stocks draw, worries about Russia disruptions
Market eyes Russia-Ukraine peace negotiationsRussia damages Ukraine gas facilities in overnight attacksUS crude stockpiles rise, gasoline and distillate draw down, EIA saysUpdates prices and market activity to settlementBy Nicole Jao NEW YORK, Feb 20 (Reuters) - Oil prices settled higher on Thurs...Reuters
Thu, Feb 20
CBOT wheat ends down as concerns ease over cold US weather
Feb 20 (Reuters) - Chicago Board of Trade wheat futures settled lower on Thursday as concerns eased among traders about the risk for damage to U.S. crops from frigid weather, analysts said.Most of the US winter wheat crop has an adequate layer of snow to protect it from icy temperatures, according t...Reuters
Thu, Feb 20
ICE canola futures rise on vegoil optimism
All figures in Canadian dollars unless notedWINNIPEG, Manitoba - Feb 20 (Reuters) - ICE canola futures rose Thursday on a day that saw resumed strength in soyoil.• Most-traded May canola RSK5 settled up $6.10 at $680.10 per metric ton. Other contract months had similar but slightly stronger gains.* ...Reuters
Thu, Feb 20
US natgas prices slide 3% on less cold forecasts
Freezing wells cut US output in recent daysUS gas output still on track for record high in FebruaryUS LNG export feedgas on track for record high in FebruaryAdds latest pricesBy Scott DiSavinoFeb 20 (Reuters) - U.S. natural gas futures slid about 3% on Thursday from a 25-month high in the prior sess...Reuters
Thu, Feb 20
CBOT soy rises on lingering concerns over Argentina crop weather
Feb 20 (Reuters) - Chicago Board of Trade soybean futures closed higher on Thursday amid lingering concerns about unfavorable crop weather in Argentina, analysts said.The International Grains Council lowered its 2024/25 global soybean production estimate by 2 million tons to 418 million, reflecting ...Reuters
Thu, Feb 20
US agency staff told not to speak with Congress, lawmaker says
By Leah DouglasWASHINGTON, Feb 20 (Reuters) - Staff at the U.S. farm, environment and interior agencies have been instructed by the Trump administration not to speak with the U.S. Congress, Representative Chellie Pingree said in a letter sent to the agency administrators on Thursday. Pingree said th...Reuters
Thu, Feb 20
CBOT corn stabilizes a day after hitting 16-month high
Feb 20 (Reuters) - Chicago Board of Trade corn futures finished nearly unchanged on Thursday as the market took a breather after climbing to a 16-month high during the previous session, traders said.Traders are looking for direction from developments in U.S. trade policy, farmers' planting inten...Reuters
Thu, Feb 20
US power provider Southern Co raises capital investment plan by 30%
Recasts to focus on capex and data center demandFeb 20 (Reuters) - Southern Co SO.N boosted its base capital investment forecast through the end of the decade to $63 billion, or about 30% more than the previous plan, executives with the major U.S. power provider said on Thursday.Transmission project...Reuters
Thu, Feb 20
US Plains HRW Wheat-Basis bids hold mostly steady as futures retreat
CHICAGO, Feb 20 (Reuters) - Hard red winter wheat spot basis bids held mostly steady around the U.S. Plains on Thursday as futures prices declined but demand for the grain remained light, merchants said. * Farmers have already sold a significant share of the crop they harvested last year. Many are e...Reuters
Thu, Feb 20
Boxing-Undisputed champion Shields suspended in Michigan after marijuana test
Feb 20 (Reuters) - American boxer Claressa Shields, the undisputed world champion in three weight classes, has been suspended and is under investigation after testing positive for marijuana following her victory over heavyweight Danielle Perkins in Michigan.The Michigan Unarmed Combat Commission sus...Reuters
Thu, Feb 20
