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EXPLAINER-Why does Elon Musk want to put AI data centers in space?
Space-based AI data centers offer solar power, reduced costs, but face technical risksSpaceX ideally positioned for AI-ready satellite clusters, Musk sees space as cost-effectiveCompetitors like Blue Origin, Nvidia, Google and China also pursuing space-based AI centersBy Joey Roulette WASHINGTON,...Reuters
Thu, Jan 29
GRAINS-Chicago wheat futures firm on recent dollar slide, winter weather
By Renee Hickman Jan 29 (Reuters) - Chicago wheat futures firmed on Thursday as a recent plunge in the dollar continued to support commodities priced in the U.S. currency and harsh winter weather threatened crops in the Black Sea region and the United States. Corn traded near flat and soyb...Reuters
Thu, Jan 29
California accelerates work on EV rules, tax credits that Trump opposes, state's top air regulator says
By Lisa Baertlein, Valerie Volcovici and David Shepardson LOS ANGELES/WASHINGTON, Jan 29 (Reuters) - California officials are meeting Detroit automakers this week to discuss the next phase of greenhouse gas regulations for cars and trucks, the state's top air regulator said. California is fi...Reuters
Thu, Jan 29
Oil prices surge 3% to five-month high on worries US could attack Iran
Oil prices rise on potential US action against IranEU sanctions Iran over protest crackdownWeaker dollar helps boost oil prices, Fed signals steady ratesBy Scott DiSavino NEW YORK, Jan 29 (Reuters) - Oil prices climbed 3% to a five-month high on Thursday on rising concerns that global supplies co...Reuters
Thu, Jan 29
CBOT soybeans tick down on Brazil harvest expectations
CHICAGO, Jan 29 (Reuters) - Chicago Board of Trade soybean futures fell on Thursday with pressure from the early stages of a huge Brazilian soy harvest, but support from recent dollar weakness made U.S. exports more competitive on the global market.The dollar has been under pressure for several reas...Reuters
Thu, Jan 29
CBOT corn trades flat as dollar drop adds support
CHICAGO, Jan 29 (Reuters) - Chicago Board of Trade corn futures traded near flat on Thursday with support from a recent weaker dollar. Export sales were near trade expectations, according to the U.S. Department of Agriculture. The USDA reported net U.S. corn export sales last week at 1,648,921 metri...Reuters
Thu, Jan 29
Carney says he expects US administration to respect Canadian sovereignty
By David LjunggrenOTTAWA, Jan 29 (Reuters) - Canadian Prime Minister Mark Carney, asked about reports that U.S. officials had met separatists seeking independence for the province of Alberta, on Thursday said he expected the U.S. administration to respect Canadian sovereignty.The Financial Times sai...Reuters
Thu, Jan 29
CBOT wheat finishes up on recent dollar slide
The dollar eased across the board on Thursday but remained above recent multi-year lows, with investors still jittery about U.S. policy even as a mildly hawkish Federal Reserve provided some support.Analysts said the slide this week prompted some investors to shift their focus to hard assets.Record ...Reuters
Thu, Jan 29
Valero Energy Q4 profit beats estimates; shares surge
Valero's refining margin surged 61% to $13.61 per barrelValero returned $1.4 billion to shareholders in Q4Valero shares rose over 3% post-conference callBy Nicole Jao and Vallari Srivastava NEW YORK, Jan 29 (Reuters) - U.S. refiner Valero Energy VLO.N on Thursday kicked off the earnings ...Reuters
Thu, Jan 29
US faces growing risks of power outages due to rising winter demand, changing fuel mix
By Laila Kearney and Tim McLaughlinJan 29 (Reuters) - The risk of U.S. power outages is worsening due to a changing mix of electricity supplies and rapidly growing demand in the winter months, the North American Electric Reliability Corporation said on Thursday. Before the end of the decade, the...Reuters
Thu, Jan 29
GRAINS-Chicago wheat futures firm on recent dollar slide, winter weather
By Renee Hickman Jan 29 (Reuters) - Chicago wheat futures firmed on Thursday as a recent plunge in the dollar continued to support commodities priced in the U.S. currency and harsh winter weather threatened crops in the Black Sea region and the United States. Corn traded near flat and soyb...Reuters
Thu, Jan 29
US Plains HRW Wheat-Basis bids mostly steady after scattered farmer sales
CHICAGO, Jan 29 (Reuters) - Basis bids for hard red winter wheat held mostly steady in the southern U.S. Plains on Thursday, capped by scattered farmer sales after K.C. wheat futures hovered near two-month highs, brokers said.Milder weather is expected in the Plains after a winter storm hit the whea...Reuters
Thu, Jan 29
Coterra Energy and Devon Energy in advanced talks to merge, Financial Times reports
Jan 29 (Reuters) - Coterra Energy CTRA.N and Devon Energy DVN.N are in advanced talks to merge in what would be the largest oil and gas deal in the U.S. shale industry in almost two years, Financial Times reported on Thursday.The deal, likely to be billed as a merger of equals, could come together a...Reuters
Thu, Jan 29
Dow Says It Has Completed The Shutdown Of Its Higher Cost Upstream Propylene Oxide Unit In Freeport, Texas - Conf Call
Jan 29 (Reuters) - Dow Inc DOW.N:DOW SAYS IT HAS COMPLETED THE SHUTDOWN OF ITS HIGHER COST UPSTREAM PROPYLENE OXIDE UNIT IN FREEPORT, TEXAS - CONF CALLDOW SAYS ACROSS ITS PACKAGING MARKET VERTICAL, GLOBAL POLYETHYLENE FUNDAMENTALS ARE EXPECTED TO REMAIN STABLE HEADING INTO 2026 - CONF CALLDOW EXPECT...Reuters
Thu, Jan 29
PRECIOUS-Gold falls as investors take profits after record high
Spot gold up 24% so far in JanuaryGold hit a session low of $5,109.62Spot silver hit a record high of $121.64Trump urges Iran to negotiate nuclear dealBy Anmol Choubey Jan 29 (Reuters) - Gold fell on Thursday as investors took profits after a record high, yet prices remained on course for their b...Reuters
Thu, Jan 29
US lawmaker asks Vitol, Trafigura about Venezuela oil deals
WASHINGTON, Jan 29 (Reuters) - The top Democrat on a U.S. House investigative committee on Thursday asked global trading houses Vitol and Trafigura about any correspondence with the Trump administration before the U.S. capture of Venezuela's leader, to determine, he said, who benefits from that ...Reuters
Thu, Jan 29
UBS raises gold target to $6,200/oz, sees slight dip by year‑end
Jan 29 (Reuters) - UBS on Thursday increased its gold price target to $6,200 per ounce for March, June and September 2026, compared with a prior forecast of $5,000, citing stronger-than-expected demand stemming from increased investment.However, the bank projected a modest decline to $5,900 per ounc...Reuters
Thu, Jan 29
US Cash Grains-Corn, soy basis mixed as frigid weather slows grain movement
CHICAGO, Jan 29 (Reuters) - Spot basis bids for corn and soybeans were mixed at elevators and processors around the U.S. Midwest on Thursday after scattered farmer sales at midweek and as frigid winter weather slowed grain movement in parts of the country. The corn basis firmed by 3 cents a bushel a...Reuters
Thu, Jan 29
Europe Gasoline/Naphtha-Gasoline refining margins slide
LONDON, Jan 29 (Reuters) - Northwest European gasoline refinery profit margins fell by 68 cents a barrel to $6.29 on Thursday as underlying crude prices rose sharply.About 6,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, with Exxon Mobil and Equinor selling to BP.Shell ...Reuters
Thu, Jan 29
EU wheat steady with euro support as Chicago rally ebbs
PARIS, Jan 29 (Reuters) - European wheat futures edged up on Thursday as an easing euro underpinned the market while support from a rally in Chicago faded, traders said. March milling wheat BL2H6 on Euronext was up 0.5% at 191 euros ($228.25) a metric ton by 1705 GMT, continuing a recovery from ...Reuters
Thu, Jan 29
