The Biden administration is considering an investigation into whether imports of rare earth magnets made largely in China pose a national security threat that could warrant the imposition of tariffs. The White House said the commerce department would examine whether to probe neodymium magnets, which are used to manufacture everything from smartphones to electric vehicle
The surge of trading in offbeat stocks is duping inexperienced investors in to high costs and a battle with Wall Street that they cannot win, according to the founder of one of the largest trading firms in the world. Zero-commission trading helps to build an illusion that amateur investors have never had it better, Alex
Bill Ackman has already once tried — and failed — to redefine the Spac. Now he is trying again. The hedge fund manager’s special purpose acquisition company, Pershing Square Tontine Holdings, which raised $4bn last year, was not just the largest blank-cheque vehicle ever launched. It did away with some of the perks for founders,
Americans love pick-up trucks. Carmakers hope they will get a jolt of excitement from electric ones too. When Ford unveiled the F-150 Lightning last month, it became the latest US carmaker to unveil a product to compete in a segment that comprised about 20 per cent of the US auto market’s 14.4m sales in 2020.
Brussels has warned that it is ready to intensify retaliation against the UK if Boris Johnson further postpones applying the two sides’ deal on Northern Ireland, in another sign of strained relations ahead of talks this week. EU Brexit commissioner Maros Sefcovic, writing in the Daily Telegraph, warned that “unilateral action” by the UK to
Biogen’s decision to price its newly approved Alzheimer’s treatment at $56,000-a-year has reignited the debate over the high cost of drugs in the US, the world’s largest and most profitable healthcare market. Shortly after securing US approval on Monday for the first new Alzheimer’s medicine in almost two decades, the Massachusetts-based biotech group announced a
Europe risks falling behind the US and China in efforts to decarbonise unless it legislates for a radical expansion of renewable energy, said leaders of the bloc’s chemicals and wind power industries. This would require a shake-up of national planning rules, and greater coherence in energy investment across the EU, according to Martin Brudermüller, chair
Narendra Modi, Indian prime minister, has announced that his government will offer Covid-19 vaccines to all citizens for free, reversing a much-derided policy requiring India’s states to buy their own jabs at higher prices. India, the world’s largest vaccine manufacturer, has for weeks been battling a severe shortage of jabs. Thousands of British tourists are
Kamoa-Kakula in the Democratic Republic of Congo is a rare commodity in the modern resources industry: a high-grade copper mine that one day could produce enough metal to satisfy more than 5 per cent of China’s annual demand. Surrounded by small villages, the mine employs around 7,000 workers and has its own road for trucks
Thousands of websites went offline for almost an hour on Tuesday morning, including several of the world’s largest news sites, streaming services, online retailers and even the UK government, disrupting millions of internet users. Connectivity problems lasting almost an hour appeared to affect news sites including the BBC, New York Times and FT.com, streaming services
The Chicago Transit Authority heads into the market next week to refund $127 million of federal grant anticipation-backed bonds with positive rating news in tow. S&P Global Ratings lifted its outlook to positive from stable on a portion of the CTA’s grant-backed bonds being refunded, citing improving coverage ratios. S&P also moved the outlook to
Bitcoin (BTC) is struggling to sustain any price level during the current pullback, indicating a lack of demand at higher levels. Does this mean that the bull trend is over and the institutional investors are abandoning the crypto markets? No! It is the other way around. Glassnode’s weekly newsletter pointed out that the Grayscale Bitcoin Trust (GBTC)
Just as the cryptocurrency sector is constantly changing and evolving, the enterprise blockchain industry has been undergoing its fair share of developments lately. Most recently, enterprise blockchain solutions are shifting from private, closed networks to public, open systems. This has largely been made possible due to advances from the Ethereum network, which are ensuring better
There’s so much spare cash sloshing around U.S. funding markets that investors are choosing to park almost half a trillion dollars at the central bank — earning absolutely nothing. Usage of the Federal Reserve’s reverse repo facility — a mechanism that’s part of the central bank’s arsenal for helping to steer short-term interest rates —
Russia has agreed to release $500m in credit to Belarus and look to increase the number of flights between the two countries as the Kremlin doubled down on its support for Alexander Lukashenko after his forced landing of a passenger flight that has sparked western condemnation. Russian president Vladimir Putin hosted Lukashenko in Sochi on
An employee preps a John Deere & Co. excavator for sale at Martin Equipment in Rock Island, Illinois. Daniel Acker | Bloomberg | Getty Images With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way for further economic re-opening this summer. We used TipRanks
Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360 million shares have already been traded, more than tripling its 30-day average. Shares have already
After four years of planning meetings, including over 100 community sessions, the multi-purpose campus for Google received unanimous approval this week from the San Jose City Council. The 80-acre site will bring 4,000 residential units plus 7.3 million square feet of office space. The office buildings are to provide space for an estimated 20,000 workers.
Eddie Valdivia and his wife Vanessa pose in front of their first house, which they purchased in October 2020 with the help of a VA loan. Eddie Valdivia, 34 and his wife, Vanessa, 36, workers at the Red Cross, bought their first house last October, right in the middle of the pandemic. It’s a three-bedroom,
Municipals were a touch firmer Friday with a few stronger high-grade prints clearing at levels to move triple-A benchmarks a basis point better while U.S. Treasuries were also a basis point or two lower ahead of what will be a low-issuance week to start the summer. All triple-A benchmark 10-year yields are now below 1%,