By Ernest Scheyder and Melanie Burton (Reuters) – The world’s largest lithium producers say they remain bullish on long-term demand for the battery material in the midst of recent price drops fueled by growing worries that the global pace of electric vehicle adoption is slowing. LG Energy Solution, General Motors, Honda and other auto and…
By Mike Stone WASHINGTON (Reuters) – The Biden administration plans to announce a $425 million military aid package for Ukraine on Friday including counter drone rockets and munitions, two U.S. officials said on Thursday. The package is not expected to include additional ATACMS missiles. Senior congressional Republicans have urged President Joe Biden to send longer-range…
By Divya Rajagopal and Seher Dareen (Reuters) -Barrick Gold Corp beat analysts’ expectations for third-quarter profit on Thursday, as the Canadian gold miner benefited from increased production and higher bullion prices. The Toronto-based company also said it was on track to meet targets at its copper projects like Reko Diq in Pakistan and Lumwana in…
BEIJING/SHANGHAI (Reuters) – U.S. automaker Tesla delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, the China Passenger Car Association (CPCA) said on Thursday. Sales of China-made Model 3 and Model Y cars edged up 0.6% from a year earlier. Chinese rival BYD, which makes EVs and hybrid models from its…
By Chibuike Oguh and Jonathan Stempel NEW YORK (Reuters) -Shares of Douglas Elliman, Compass and eXp World Holdings closed lower on Wednesday after the companies were sued for allegedly conspiring to artificially inflate their commissions from home sales. The proposed class action was filed on Tuesday in Kansas City, Missouri, just hours after a jury…
By Carolina Mandl NEW YORK (Reuters) – Hedge funds that trade equities using computer programmes defeated human stock-pickers in October by a large difference in performance, according to a Goldman Sachs note. Systematic long/short hedge funds, as the computer-led strategy is known, posted 4.97% in gains last month, while fundamental long/short went down 0.66%, the…
(Reuters) – Walt Disney’s ESPN sports network could secure an enterprise value of $24 billion and attract investment interest from sports leagues, tech firms like Apple and telecom majors including Verizon, according to BofA Global Research. In a bid to lure an outside investor, the media giant last month disclosed the financials of ESPN that…
By Harshit Verma (Reuters) – Gold prices will rise in 2024 from this year’s average on bets that global central banks would start monetary policy easing and after the Middle East conflict provided a boost to gold’s safe-haven rally above $2,000, a Reuters poll showed on Wednesday. The poll of 30 analysts and traders conducted…
(Reuters) -GSK will pay about $1 billion for exclusive rights to further develop and commercialize Johnson & Johnson’s hepatitis B therapy, the British drugmaker said on Tuesday. JNJ-3989 was initially developed by Arrowhead Pharmaceuticals and licensed to Johnson & Johnson-owned Janssen in 2018. Exclusive rights to the therapy will fuel the expansion of GSK’s own…
By Chibuike Oguh NEW YORK (Reuters) -Shares of Nvidia Corp dropped by about 5% to a near five-month low on Tuesday following a Wall Street Journal report that the artificial intelligence (AI) giant may be forced to cancel up to $5 billion worth of advanced chip orders to China in compliance with new U.S. government…
