[ad_1] By Bo Erickson, Katharine Jackson, Andy Sullivan and Richard Cowan WASHINGTON (Reuters) -Republicans in the U.S. Congress mounted a third attempt to avert a government shutdown on Friday with only hours to spare, after two previous plans were scuttled by President-elect Donald Trump and members of their own party. Republican Representative Ralph Norman told reporters that party leaders planned to hold a vote on a third spending bill, though he did not provide details. Others said they would not try to win over Democrats whose support likely will be needed to extend funding past midnight Friday (0500 GMT Saturday), when…
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[ad_1] By Georgina McCartney HOUSTON (Reuters) – Upstream oil companies wound down hiring in November, the Texas Independent Producers and Royalty Owners Association (TIPRO) said on Friday, ending five straight months of job growth. WHY IT’S IMPORTANT Hiring in the upstream sector, which includes activities related to drilling and producing oil, can serve as an indicator of the health of the oil and gas industry. Companies bringing on more employees could imply more drilling to come. TIPRO represents nearly 3,000 independent producers and royalty owners across Texas, home to the prolific Permian Basin which accounts for just under half of…
[ad_1] By David Ljunggren OTTAWA (Reuters) -The head of a Canadian political party that has been keeping Prime Minister Justin Trudeau in power said on Friday he would present a motion of no-confidence in the government next year. New Democratic Party leader Jagmeet Singh made the commitment in an open letter. If all the opposition parties do vote together to bring down the minority Liberal government, Trudeau will lose power after nine years in office and an election will take place. The House of Commons is on a winter break and a formal motion of no-confidence cannot be presented until…
[ad_1] The brief descriptions below are of my three favorites among the book reviews published in 2024 in Enterprising Investor. Throughout the year, our Review Team members generously share their expertise and experience in bringing to CFA charterholders’ attention books that offer insights, concepts, and techniques that are useful to them in their work. The three books that I highlight here stand out for their applicability to practical issues confronting investment decision-makers. I have derived tremendous benefits from serving as Book Review Editor since 1989, initially for the Financial Analysts Journal and since for Enterprising Investor. Writing some of the…
[ad_1] Investing.com — Shares of XPO, Inc (NYSE: XPO) fell 4.2%, while Old Dominion Freight Line (NASDAQ: NASDAQ:) and Saia , Inc. (NASDAQ: NASDAQ:) also saw declines of 2.4% and 1% respectively, as trucking stocks faced a downturn following FedEx (NYSE:)’s announcement of a lowered year guidance and plans to spin off its freight division. The market’s response comes after FedEx, a key player in the logistics industry, revealed a strategy shift that includes spinning off its freight division into a standalone company. This move, while seen as a positive for the less-than-truckload (LTL) industry, has raised concerns about the…
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[ad_1] Oklo, one of the top advanced nuclear companies, and Switch, pioneering in the data center and AI eco-system have signed a historic corporate power agreement to deploy 12 gigawatts of Oklo Aurora powerhouse projects through 2044. Considering its scale, they call it the “Master Power Agreement” which builds the framework for collaboration. Both companies will finalize the binding agreements after achieving the project milestones. Jacob DeWitte, Co-Founder and CEO of Oklo expressed his sentiments by noting, “We are excited to collaborate with Switch on this historic agreement,” “Rob Roy and the Switch team share the vision we have for nuclear…
[ad_1] American Water (NYSE:) Charitable Foundation provides a combined total of $260,000 to support workforce development initiatives for the National Urban League and Affiliate Movement WOODRIDGE, Ill.–(BUSINESS WIRE)–The American Water Charitable Foundation, a 501(c)(3) organization established by American Water, the largest regulated water and wastewater utility company in the U.S., and Illinois American Water, announced today that the Chicago Urban League (CUL) has received a $20,000 commitment as part of a larger Foundation Corporate Strategic grant. Funding will enhance workforce development initiatives that help close the equality gap for African Americans and other historically underserved groups throughout the Chicago Metropolitan…
[ad_1] Q3 Earnings Roundup: Old Dominion Freight Line (NASDAQ:ODFL) And The Rest Of The Ground Transportation Segment Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Old Dominion Freight Line (NASDAQ:ODFL) and its peers. The growth of e-commerce and global trade continues to drive demand for shipping services, especially last-mile delivery, presenting opportunities for ground transportation companies. The industry continues to invest in data, analytics, and autonomous fleets to optimize efficiency and find the most cost-effective routes. Despite the essential services this industry provides, ground transportation…
[ad_1] By Humeyra Pamuk and Amina Ismail WASHINGTON/DAMASCUS (Reuters) -U.S. diplomats visiting Damascus held Washington’s first in-person official meetings with Syria’s new de facto rulers led by Hayat Tahrir al-Sham on Friday and discussed with the former al Qaeda affiliate the future of Syria’s political transition. The United States, other Western powers and many Syrians were glad to see militias led by HTS topple President Bashar al-Assad, but it is not clear whether the group will impose strict Islamic rule or show flexibility and move towards democracy. Western governments are gradually opening channels to HTS and its leader Ahmed al-Sharaa,…