D.R. Horton Third-Quarter Results Beat Estimates on Incentives Push
July 22 By Farah Master and Samuel Shen D.R. Horton reported third-quarter profit and revenue above estimates on Tuesday as buyer incentives sustained home sales amid high interest rates and rising costs, sending shares of the homebuilder up more than 12% in morning trading. The…
Union Pacific, Norfolk Southern Explore Cross-Continental Railroad Merger, Source Says
July 18 By Sabrina Valle Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a $200 billion coast-to-coast rail network, a person familiar with the matter said. Talks are in early stages, the person said, with…
US Military to Remove 2,000 National Guard Troops From Los Angeles
July 16 By Idrees Ali and Phil Stewart U.S. Defense Secretary Pete Hegseth has ordered the removal of half of the 4,000 National Guard troops who had been sent to Los Angeles to protect federal property and personnel during a spate of protests last month,…
US Again Halts Cattle Imports From Mexico Over Flesh-Eating Screwworms
July 11 By Tom Polansek The flesh-eating livestock pest New World screwworm has advanced closer to the U.S. border with Mexico, the U.S. Department of Agriculture said, prompting Washington to block imports of Mexican cattle just days after it allowed them to resume at a…
Car Import Quotas, Export Credits on Table for EU-US Trade Talks, Sources Say
July 10 By Christoph Steitz Brussels is discussing with U.S. counterparts a range of measures aimed at protecting the European Union’s auto industry from steep U.S. import duties, including tariff cuts, import quotas and credits against the value of EU automakers’ U.S. exports, industry sources…
More Than 2,000 Senior Employees Expected to Depart From NASA, Politico Reports
July 9 By Abu Sultan Around 2,145 senior-ranking employees at the U.S. National Aeronautics and Space Adminstration are set to leave under a push to shed staff, Politico reported on Wednesday citing documents obtained by the news outlet. Most employees leaving are in GS-13 to…
Trump Media Launches TV Streaming Platform With Newsmax Channel Globally
July 7 by Jaspreet Singh Trump Media & Technology Group launched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion. The move also allows conservative news outlet Newsmax, which went public in March, to increase its…
Anchorage’s Klaire Rhodes repeats as Mount Marathon women’s champ
July 5 By Chris Bieri SEWARD — In the past few years, Klaire Rhodes has established herself as a world-class trail runner. The USATF Trail Marathon champ in 2022, Rhodes has excelled at distance races 50K and even longer. In the last two years, the…
US Air Force Suspends SpaceX Rocket Project on Pacific Atoll, Report Says
July 4 By Valerie Volcovici The U.S. Air Force has suspended plans it had proposed with Elon Musk’s SpaceX to test hypersonic rocket cargo deliveries from a remote Pacific atoll, according to a report this week in Stars and Stripes, an independent publication of the…
exas Firm Aims to Build World’s Largest Data Energy Complex With Nuclear, Gas, Solar
June 26 By Timothy Gardner Fermi America, a Texas company co-founded by former U.S. Energy Secretary Rick Perry, aims to build the largest energy and data complex of its kind powered by nuclear, natural gas and solar, it said on Thursday. Fermi plans to partner…