US Core Capital Goods Orders Slide Amid Tariff Uncertainty
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US ethane curbs will make contracting to China harder, Energy Transfer says
By Arathy Somasekhar HOUSTON (Reuters) -Recent U.S. restrictions on ethane exports to China will likely make it more difficult to contract with Chinese companies, even though they have already been lifted, U.S. exporter Energy Transfer said on Wednesday. The U.S. placed restrictions on shipping ethane - and a wide swathe of other exports - to China in late May and early June after accusing Beijing of slowing shipments of rare earths vital to automakers and other industries. The restrictions were rescinded last month, but they disrupted flows of ethane and caused significant delays to shipments. "That, you know, put a little bit of a black eye on us, on our industry, on our country...," Marshall McCrea, co-CEO of Energy Transfer, said in a post-earnings conference call. The company is one of the top U.S. exporters of ethane, a natural gas liquid. "We think it's going to be probably a little bit more difficult to contract with Chinese crackers, good or bad, we think that they're probably going to be a little bit more hesitant," McCrea added. About half of U.S. ethane, which is extracted from shale gas, heads to China where it is run through crackers to produce ethylene, a building block for plastics. Chinese petrochemical firms use ethane as a feedstock because it is cheaper than naphtha, while U.S. oil and gas producers need China to buy their natural gas liquids as domestic supply exceeds demand. Rival Enterprise Products Partners also warned last week that the export curbs compromised the U.S. brand for reliable supply and energy security. "These kind of actions rarely hurt the intended target and often backfire hurting our own industry more," said Jim Teague, CEO of Enterprise Products. Enterprise said at least one non-Chinese company that it was in discussions with about contracting ethane decided to contract naphtha instead. Energy Transfer reported a 11.5% decline in net income to $1.16 billion, or 32 cents per unit, in the three months ended June 30. Revenue of $19.24 billion came in well below estimates of about $22 billion, according to LSEG data. Sign in to access your portfolio
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General Motors, Hyundai ink first joint deal to develop five vehicles amid rising competition
(Reuters) -General Motors and Hyundai Motor announced on Wednesday their first agreement to jointly develop five vehicles. Four of the vehicles — a compact SUV, a car, a pickup, and a mid-size pickup — are targeted at Central and South American markets and will support both internal combustion and hybrid powertrains. The two global automakers will also co-develop an electric commercial van for the North American markets. Reuters in March reported that the two automakers were nearing a deal to share two commercial electric vans. Global automakers face stiff competition from Chinese EV makers and a trade war impacting imports of crucial parts, including rare earth materials, which has pushed production costs higher. Chinese automakers have put out several high-tech, low-cost models, affecting demand for EVs from legacy automakers including GM. Hyundai's presence in China — the world's largest auto market — is minimal but it faces growing pressure from Chinese auto exports globally. The Korean automaker is leaning on its U.S. sales while its China sales decline. Unlike GM, Hyundai has little presence in the lucrative U.S. commercial vehicle and truck market. Collaborating with Hyundai on vans could help GM reduce development costs on those models, especially considering its decades-old Chevrolet Express and GMC Savana vehicles. At full production scale, the companies expect to roll out up to 800,000 vehicles annually. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Priil Combats AI Threats with Lifetime Privacy and Data Protection
Priil steps up with stronger, privacy-first security, offering lifetime protection against data breaches and online tracking. Dover, Delaware--(Newsfile Corp. - August 6, 2025) - In a bold move to counter the wave of AI-generated cyberattacks, Priil Internet Security, a future-ready cybersecurity company, has announced the upgradation of its features with advanced security capabilities. The features are refined to outsmart malicious threat actors with great precision and response, available on a lifetime subscription. Priil Internet Security | Shield Your Online PrivacyTo view an enhanced version of this graphic, please visit: In the race of digital warfare where hackers are increasingly utilizing artificial intelligence to breach Windows PC victims faster than ever before, traditional antivirus solutions with old features are failing to keep up with their defense mechanism. Over the years, the constantly transforming AI-generated attacks have the power to bypass the old signature-based antiviruses, spreading malware, viruses, and online scams, victimizing people from all over the world. Priil Internet Security's new learning model for real-time threat detection has evolved with the capabilities to adapt itself to the latest cyberattacks and their pattern, turning a stronger defence system against AI in the escalating digital arms race. Priil Internet Security | Home ScreenTo view an enhanced version of this graphic, please visit: "We are stepping into a new chapter where stopping AI cyberattacks requires defending smarter," said Priil Security Experts. "Security shouldn't be a privilege, it's a right. Priil is here to make smart protection accessible to everyone, for life." Priil experts have used advanced technologies to understand the mindset of attackers and constantly retrain their antivirus solution on live data to minimize the detection gap and neutralize even the most sophisticated breaches before damage occurs. Priil fuses zero-day threat prediction, behavioral analysis, and network anomalies, into one cohesive, all-in-one shield. It blocks unwanted tracking, protects user online privacy, and defends against hackers and AI-powered cyber threats. The company's strong built-in privacy protection ensures the security of personal information and prevents unauthorized access to its users' sensitive data. It provides numerous features and tools like VPN, PC optimizer, browser safety, firewall security, and more. Priil comprehensive protection suites are available at different prices for every individual, business, and family. Priil Internet Security software is user-friendly and seamlessly integrates into the users' daily digital routine, keeping them safe in the evolving landscape. For more information or to request, visit Priil Internet Security. Priil Internet Security | Online Privacy & SecurityTo view an enhanced version of this graphic, please visit: About Priil Priil is a software-based company incorporated in 2020, committed to safeguarding your digital life with the latest technological solutions to fight against online threats and attacks. Priil delivers a result-oriented, budget-friendly solution that not only satisfies users but also delights them. To learn more, visit: Priil Internet Security. Press Contact Company Name: Priil US LLC Contact Person: Ana Dimitrova Email: pr@ Country: Delaware, USA Website: To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
