Edition:
United States

Tim McLaughlin

Exclusive: Goldman money funds' liquidity buffer swells before U.S. election

12:24pm EDT

BOSTON Two Goldman Sachs Group Inc money-market funds, whipsawed in March by billions of dollars of investor withdrawals, have steadily amassed a liquidity cushion much larger than rivals, as the $4.35 trillion industry braces for the outcome of the U.S. presidential election and another global surge in coronavirus cases.

U.S. gun sales soar amid pandemic, social unrest, election fears

Oct 15 2020

Andreyah Garland, a 44-year-old single mother of three daughters, bought a shotgun in May for protection in the quaint middle-class town of Fishkill, New York. She joined a new and fast-growing local gun club to learn how to shoot.

Small energy players lean on taxpayers and Wall Street for coronavirus aid

Oct 05 2020

NEW YORK Several publicly traded energy companies took millions of dollars in U.S. taxpayer-funded loans to support their businesses even as those firms had access to other ways to generate cash, according to a Reuters analysis of U.S. Securities and Exchange Commission and other government data.

Dakota pipeline investors could face major hit after adverse ruling

Jul 06 2020

BOSTON/DENVER Large investors in the Dakota Access Pipeline, including Phillips 66 , could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the shutdown of the major artery. | Video

Dakota pipeline investors could face major hit after adverse ruling

Jul 06 2020

BOSTON/DENVER, July 6 Large investors in the Dakota Access Pipeline, including Phillips 66, could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the owners of the major artery to shut it down and empty it of oil.

Trade war tradeoff: How a Missouri town got America’s dirtiest air

Jun 02 2020

MARSTON, Missouri The residents of New Madrid County cheered in 2018 when a bankrupt aluminum smelter that rises over the Missouri region’s vast farm fields restarted operations and hiring, thanks to aluminum tariffs levied in President Donald Trump’s trade war.

Why U.S. energy CEOs will get big payouts despite oil meltdown

May 27 2020

BOSTON/NEW YORK National Oilwell Varco Inc (NOV) has had a rough few years: Since 2017, the Houston company, whose drilling equipment is in major oilfields worldwide, has lost two-thirds of its value, costing shareholders a combined $9 billion.

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