[ad_1] (Reuters) – The United Steelworkers union expressed concerns about Nippon Steel’s latest proposal that gives the U.S. government veto power over any potential reductions in U.S. Steel’s production capacity, if they get the approval to merge. The union, which has opposed U.S. Steel’s merger with the Japanese steel giant, said Nippon’s offer fails to commit to sustaining production over the long term or enhancing domestic capacity in integrated facilities. “Protecting capacity only means moth-balling our equipment, allowing it to rust away to the point that it is no longer feasible to re-start,” the union said in a statement on…
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[ad_1] Today, the Commission is hosting key meetings of the Minerals Security Partnership (MSP), which take place in Brussels as part of the 2024 Raw Materials Week.Partners include Australia, Canada, Estonia, Finland, France, Germany, India, Italy, Japan, Norway, the Republic of Korea, Sweden, the United Kingdom, the United States, and the European Union, represented by the European Commission. The MSP is part of the EU’s multilateral efforts to correct market imbalances on global raw materials markets and promote mutually beneficial and sustainable industrial projects. The MSP allows these like-minded countries to share information on critical raw material developments in third…
[ad_1] No one knows when or why the next stock market sell-off will occur. But we do know that market downturns are part of the price of admission for unlocking the long-term gains of the stock market. A correction, which is defined as a drop of at least 10% from a high, happens about every 1.85 years. A bear market, which is a drawdown of at least 20%, happens about every 3.6 years. This means that about half of all corrections evolve into bear markets, so investors with at least a three- to five-year time horizon should be prepared for…
[ad_1] Ari Wald has some thoughts on buzzy stocks as the new trading year kicked off. Oppenheimer’s head of technical analysis joined CNBC’s “Power Lunch” to discuss three names that have come up on best ideas lists from Wall Street firms for 2025: Nvidia , Boeing and Howmet Aerospace . Here’s what he thought of each: Nvidia Even after Nvidia’s banner year, Wald is still optimistic. “It comes down to trend following 101,” Wald said, noting that shares continue to trade above the 200-day moving average since the start of 2023. “Nothing has really changed in our work. … We…
[ad_1] Top research agencies and industrialists are expecting a steady uranium production in 2025. They believe demand will be driven by rising global demand for nuclear energy as a zero-carbon power source. In 2024, the market saw an activity uptick, with producers reopening mines and planning expansions to meet the needs of nations like the US, Canada, and the EU. Additionally, adoption and investment in small modular reactors significantly increased uranium demand. So, what’s in store for uranium in 2025? Can supply keep pace with soaring demand, or will it crumble under the pressure? And what’s the price forecast looking…
[ad_1] (Reuters) -Hindenburg Research said on Thursday it was short on Carvana Co (NYSE:) accusing the used-car retailer of insider trading and accounting manipulation. Shares of the Tempe, Arizona-based company were down nearly 4% in afternoon trading. “Our research uncovered $800 million in loan sales to a suspected undisclosed related party, along with details on how accounting manipulation and lax underwriting have fueled temporary reported income growth,” the short seller alleged in its report. Carvana declined to comment on the report. The company, which once faced bankruptcy, topped analysts’ estimates for third-quarter revenue when it last reported in October. Carvana’s…
[ad_1] The Ongoing Influence of Fed Intervention The markets responded immediately when the US Federal Reserve announced it would intervene in corporate credit markets to bolster the economy amid the pandemic outbreak. Swift central bank action combined with fiscal stimulus drove an incredible economic rebound and a massive rally in risk assets that sent credit spreads back to pre-COVID-19 levels by year-end 2020. Still, the low spreads in late 2020 and throughout much of 2021 were not unprecedented. Similar spreads preceded both the pandemic and the global financial crisis (GFC) without COVID-19-levels of monetary and fiscal support. Spread volatility tells…
[ad_1] In a year marked by significant volatility, Mars Acquisition Corp. (MARX) stock has recorded a new 52-week low, dipping to $4.06. According to InvestingPro data, the company maintains a strong liquidity position with a current ratio of 25.91, indicating robust financial health despite recent market challenges. This latest price level reflects a stark downturn in the company’s market performance, with a 1-year change showing a substantial decline of 44.63%. Trading at a P/E ratio of 45.05, investors have been closely monitoring MARX as it navigates through a challenging economic landscape, which has seen many stocks grappling with similar downward…
[ad_1] GREENWICH, Conn. – Interactive Brokers (NASDAQ:) Group, Inc. (NASDAQ:IBKR), a global automated electronic broker with a market capitalization of $75.46 billion, disclosed its Electronic Brokerage monthly metrics for December, revealing significant year-over-year growth in client equity and trading activity. The company’s strong performance is reflected in its impressive 110.24% return over the past year, according to InvestingPro data. The firm reported Daily Average Revenue Trades (DARTs) of 3.267 million for the month, marking a 66% increase compared to the previous year, although slightly down by 1% from the prior month. Client equity ended at $568.2 billion, a notable 33%…