Market Stays Flat As Investors Anticipate Key Economic Events; Energy Stocks Lead Gains, Regional Banks Decline: What’s Driving Markets Monday?
Wall Street is experiencing a quiet trading session on Monday, with major indices showing little movement by midday in New York, as traders maintain a cautious stance ahead of the highly anticipated inflation report and Fed meeting this Wednesday. U.S. stocks have erased early session losses sparked by rising volatility in Europe after the latest […]
Codelco Seeks Partner for Maricunga Lithium Project, Targeting 2030 Production
Chile’s state-owned mining company, Codelco, is targeting the start of lithium production at its Maricunga site by 2030. The Santiago, Chile-based company is developing the project from scratch and searching for a partner for such an endeavor. Rothschild & Co is evaluating partner candidates, according to Reuters. Codelco aims to conclude the partner search by […]
Rumors Of Green Thumb And Boston Beer Merger: What Investors Need to Know, Analyst Breaks It Down
Green Thumb Industries (OTC: GTBIF) has expressed interest in merging with Boston Beer (NYSE: SAM), according to a recent report by Pablo Zuanic of Zuanic & Associates. What strategic advantages does this merger offer? How will this impact the profitability of both companies? Could this merger set a precedent for future deals in the cannabis […]
Morgan Stanley’s E*Trade Mulls Roaring Kitty Ban Over Alleged Stock Manipulation: Report
Morgan Stanley (NYSE:MS) is reportedly considering banning Keith Gill, a.k.a. ‘The Roaring Kitty,’ from its E*Trade electronic trading platform due to allegations of his involvement in manipulating meme stock prices through his social media activities. Keith Gill purchased a significant volume of GameStop options on E*Trade, according to a Monday Wall Street Journal report. In […]
Can Lucid Power Hyundai’s Future? A Korean-American Tie-Up Is Reportedly In The Works
Hyundai Motor Company (OTCPK: HYMTF) is reportedly considering a partnership with California-based Lucid Group (NASDAQ:LCID) for its high-performance electric motor. What Happened: Hyundai CEO Chang Jae-hoon visited Lucid’s headquarters in California early this year to discuss cooperation, South Korea’s Sisa Journal reported. The two companies are figuring out the details of the contract including motor […]
Rivian May Offer Performance Pack As Software Update For Dual Motor R1 Vehicles: Report
EV maker Rivian Automotive (NASDAQ:RIVN) is reportedly considering offering its Performance Pack as a software update for all dual-motor R1 models. The upgrade, initially only available as an option for new trucks, significantly enhances the vehicle’s power and speed. What Happened: The Performance Pack, priced at $5,000, boosts the horsepower of dual-motor Rivian models from […]
Tesla China Employees Registered For FSD Beta Program? Screenshot Leak Teases Impending Nod From Beijing
Certain Tesla Inc (NASDAQ:TSLA) employees from China have reportedly been registered for the employee FSD program, hinting at yet another step towards the deployment of the EV maker’s advanced driver assistance system in the Asian country. What Happened: Despite the appearance of the new wording on certain employee vehicles, no FSD (Supervised) features have been […]
Is Tesla’s Delivery Drought Over? Beijing Center Rumored To Have Hit Record Day
Tesla Inc‘s (NASDAQ:TSLA) delivery center in Beijing’s Crab Island reportedly recorded its highest delivery volume in a day on Sunday. What Happened: Photos and videos shared on social media platform X show dozens of Tesla vehicles lined in the center and several customers seated in the waiting area or checking out the vehicles. Benzinga was […]
Adani Group Faces Fresh Allegations Over Mislabeling $360M Of Coal In Deals With State
New allegations have surfaced against Adani Group, accusing the conglomerate of passing off low-quality coal as higher-grade fuel. What Happened: According to the Financial Times, the fraud involved misrepresenting the calorific value of coal imported from Indonesia. For instance, invoices show that in January 2014, Adani purchased a shipment of coal with a calorific value […]
Did Tesla Tease Its Robotaxi In Shareholder Video? Blink And You’ll Miss The Alleged ‘Cybercab’
Snapshots from a short video shared by Tesla Inc (NASDAQ:TSLA) earlier this week are now being circulated on social media as possible glimpses of the company’s upcoming robotaxi product. What Happened: Tesla on Monday shared a video urging shareholders to vote for CEO Elon Musk‘s 2018 pay package in the upcoming shareholder meeting scheduled for […]