Once considered a stagnant sector, uranium has risen like a phoenix, roaring back with a staggering 20% price surge in 2023 alone. But how did we get here, and who are the industry giants championing this growth? Historically, uranium prices saw a peak in 2011, reaching $60 per pound. A decade later, with the final…
BEIJING (Reuters) – China has not issued a ban on the purchase and use of foreign phone brands, the Chinese foreign ministry said on Wednesday, in response to media reports that said some government agencies and firms had told staff to stop using Apple’s iPhones at work. “China has not issued laws, regulations or policy…
By Stephen Culp NEW YORK (Reuters) – Technology shares pulled Wall Street to a lower close and oil prices soared on Tuesday, as investors looked ahead to key inflation data, which could provide clues regarding the way forward for the U.S. Federal Reserve’s monetary policy. All three major U.S. stock indexes lost ground on the…
By Diane Bartz WASHINGTON (Reuters) – Google argued on Tuesday the U.S. was wrong to say the search and advertising giant broke the law to hold onto its massive market share, noting its search engine was wildly popular because of its quality and that dissatisfied users could switch with “a few easy clicks.” The Justice…
Gold experienced a modest decline, slipping to levels not seen in over two weeks on Tuesday. This downtrend came as the U.S. dollar staged a resurgence, with investors taking a cautious stance in anticipation of the forthcoming U.S. inflation data set to be unveiled on Wednesday. The spot gold market saw a 0.6% dip, bringing…
VLADIVOSTOK, Russia (Reuters) – Russian President Vladimir Putin on Tuesday hailed South African-born businessman Elon Musk as an “outstanding person” and businessman whose SpaceX company had become a major player in the space transportation industry. Putin’s public praise of Musk comes days after the U.S.-based entrepreneur said he refused a Ukrainian request last year to…
By Valerie Insinna and Abhijith Ganapavaram (Reuters) -Shares in Pratt & Whitney parent RTX Corp hit a two-year low on Monday as it took a $3 billion charge and told airlines hundreds of their Airbus jets would be grounded at any one time in coming years to check for a rare manufacturing flaw. The warning…
In a surprising turn of events, gold made headlines on Monday with an impressive rally, marking its most substantial performance in nearly two weeks. The driving force behind this resurgence was the weakening U.S. dollar, which showed signs of faltering in anticipation of a pivotal U.S. inflation report slated for later this month. The…
By Max A. Cherney (Reuters) – Nvidia’s supremacy in building computer chips for artificial intelligence has chilled venture funding for would-be rivals, investors said, with the number of U.S. deals this quarter falling 80% from a year ago. The Santa Clara, California company dominates the market for chips that work with massive amounts of language…
Sept 11 (Reuters) – Copper concentrate production started at Russia’s largest undeveloped copper deposit on Monday following a ceremony overseen by President Vladimir Putin via video link. The long-awaited Udokan project in Russia’s far east is coming on stream at a challenging time. The United States imposed sanctions on its operator – Udokan Copper LLC – in…
