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Signals Continued Progress in Construction Permitting Requirements
FERNLEY, NV / ACCESSWIRE / May 13, 2021 / American Battery Metals Corporation (OTCQB:ABML) (the Company ), an American-owned lithium-ion battery recycling technology and advanced extraction company with extensive mineral resources in Nevada, which is in the process of changing its name to American Battery Technology Company (ABTC), is pleased to announce it has received approval from the City of Fernley Planning Commission for a Conditional Use Permit (CUP) for a lithium battery recycling plant at last night s monthly commission meeting. This recommendation is the first step, and the application will now go to the Fernley City Council for final consideration. The Planning Commission s recommendation to approve the CUP signals continued progress in permitting and constructing ABTC s lithium battery recycling pilot plant in Fernley, Nevada.
Wall Street finishes higher following better than expected jobs data
Market sentiment picked up on Thursday, allowing the main indices in New York to stage a rebound
4:16pm: Nasdaq cooled in the afternoon but still closed in the green
The blue chip index closed up 434 points, 1.3%, at 34,021. The Nasdaq improved 93 points, 0.7%, to 13,125, and the S&P 500 gained 49 points, 1.2%, to 4,123.
Apple Inc (NASDAQ:AAPL) shares gained 1.8% to $124.97, which helped the Nasdaw finish in the green, but losses from the likes of Tesla Inc (NASDAQ:TSLA) pulled the index down from its early morning high, including a brief dip into the red. Shares of the electric carmaker declined more than 3% to $571.69.
Wall Street continues to sink as inflation data spooks markets
Sentiment took a hit after the US consumer price index rose 4.2% year-over-year in April, up from 2.6% in March and much higher than the forecast of 3.6%
12:15pm: CPI jump well exceeded expectations
The Dow has only performed worse as the session has gone on, finding itself down 467 points, 1.4%, at 33,803 at midday. The Nasdaq lost 326 points, 2.5%, to 13,064, and the S&P 500 dropped 69 points, 1.6%, to 4,083.
Traders reacted to consumer price index data that showed the metric jump 4.2% year-over-year, well ahead of the expected 3.6% rise. The US CPI print has put the cat among the pigeons, as was to be expected, and opinions and market reaction is sharply divided. There is enough for both sides of the debate in this update, a reflection of how sharply prices are increasing both year-on-year and month-on-month, and in the core and non-core versions, IG Chief Market Analyst Chris Beauchamp wrote. .At the ver
Sentiment took a hit after the US consumer price index rose 4.2% year-over-year in April, up from 2.6% in March and much higher than the forecast of 3.6%