All of the staff have departed from WaveCrest Energy, a Macquarie-backed company near Houston launched to develop liquefied natural gas import projects abroad.



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President Donald Trump said the US would begin levying a 50% tariff on copper imports from Aug. 1, confirming a move that will hurt American producers of everything from automobiles to appliances.
The higher-than-expected levy was signaled by Trump in comments to reporters on Tuesday, but the president took to Truth Social late Wednesday to confirm the start date — and blamed previous administrations for the decline of America’s copper clout.
“This 50% TARIFF will reverse the Biden Administration’s thoughtless behavior, and stupidity,” Trump said. “America will, once again, build a DOMINANT Copper Industry.”
Bloomberg’s Joe Deaux reports. (Source: Bloomberg)



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Mortgage rates in the US rose for the first time in six weeks.



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