President Donald Trump has gone on a bond buying spree since taking office, reportedly sinking more than $100 million into debt issued by big companies and municipal governments alike. Trump put millions of dollars behind his bond strategy in February including between $500,000 and $1 million each into bonds issued by companies such as Home Depot, T-Mobile, and United Healthcare. Another bet of between $250,000 and $500,000 went into debt issued by Meta, based on a CNBC calculation of 690 transactions reported to the Office of Government Ethics since January and published Tuesday. He has also bought debt issued by…
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Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the promotion of Vincent Anza to the role of General Manager for its Milford, Connecticut, facility. Mr. Anza joined the Company in 2024 with more than 18 years of management experience in the metals industry. In the role of General Manager, he will oversee daily operations and assume budgetary responsibility for the Milford location, which focuses on slitting and the cutting-to-length of flat rolled carbon steel, aluminum and stainless steel products. He will report directly to David J. Gea, President – Carbon Flat Rolled. “Vince brings fresh perspective…
Environment Secretary Raphael Lotilla —JORDEENE B. LAGARE MANILA, Philippines – The Philippines will need to pool at least $72 billion to significantly cut its carbon emissions, as part of its commitment to combating climate change, according to the government’s environment chief. Speaking at a climate summit organized by investment platform GenZero, Environment Secretary Raphael Lotilla said the funds would cover major sectors like energy, transport and agriculture. Article continues after this advertisement Targeted reductions “Mobilizing this capital from public, private and international sources is critical to achieving the targeted reductions in greenhouse gas emissions from these sectors,” said Lotilla, most…
00:00 Speaker A It’s time for Yahoo Finance’s Market Minute. U.S. stocks heading for a fourth day of declines as the sell-off in Mega Cap tech continues. In the four-day span, the S&P has wiped out nearly $1.1 trillion in market value. Nvidia leading losses among the big tech stocks, seeing more than $300 billion wiped from its market cap in that four-day window. Plus, Target shares slumping amid disappointment over the company’s newly appointed CEO. The retailer tapping an insider to replace longtime CEO Brian Cornell. Investors are seeking a turnaround amid slumping sales. And sticking with retail, denim…
Norwegian Hydrogen and GreenIron sign strategic agreement to co-locate and build green hydrogen production plants and direct reduction furnaces at additional locations. Source link
President Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles and tableware. Customs brokers and importers in the US were given little notice to account for the change, which went into effect Monday and did not exclude goods in transit. Source link
Powell’s caution has infuriated Trump, who has demanded the Fed cut borrowing costs to spur the economy and reduce the interest rates the federal government pays on its debt. Trump has also accused Powell of mismanaging the US central bank’s $2.5 billion building renovation project.Get Starting PointA guide through the most important stories of the morning, delivered Monday through Friday.Firing the Fed chair or forcing out a governor would threaten the Fed’s venerated independence, which has long been supported by most economists and Wall Street investors. Here’s what to know about the Fed:Why the Fed’s independence matters The Fed wields…
Steel Market Overview: Growth Momentum, Tech Trends, and Eco Goals Steel stands as one of the world’s most essential industrial materials, forming the backbone of modern infrastructure, manufacturing, and economic progress. As a critical material, its production and consumption directly influence global economic dynamics. The steel market has seen significant evolution, driven by innovations, demand from diverse sectors, and increasingly sustainable practices. According to IMARC Group, the market was valued at USD 974.4 Billion in 2024. The global steel market is poised for sustained growth in the coming years due to the rising demand from the infrastructure sector and industrial…
AN ADVENTUROUS traveler has rediscovered a little-known $170 million Chinese town that’s nearly a carbon copy of a US city.The resort town that lies just two hours outside Beijing is filled with kitschy slices of American culture, from cowboy decor to fast food.3China’s copycat town that replicates Jackson Hole, Wyoming, has American-style churchesCredit: Archfilm3This American-style town also has American-themed foods, from French fries and steaksCredit: Archfilm3US imagery is scattered throughout the gated communityCredit: ArchfilmIn a now-viral video, YouTuber Drew Binksy got a first-hand look at the bizarre gated community that’s directly based on Jackson Hole, Wyoming.At first, he was left…
L&T Finance Ltd. (LTF), one of India’s leading non-banking financial companies, on Thursday, partnered with Google Pay to offer personal loans directly through the payments platform.The move is aimed at strengthening LTF’s product diversification strategy and making credit more accessible to a wider consumer base in a seamless digital format.The integration will allow eligible Google Pay users to apply for and access LTF’s personal loan products within the app. The company said the partnership underscores its focus on embedding financial products into high-engagement digital ecosystems. “The future of financial services is about creating powerful, customer-centric ecosystems. Through our collaboration…