Page 219 - Basic Materials Resources News Today

Facebook parent Meta, Alphabet, Microsoft and Goldman Sachs are cutting positions amid recession fears

Warm winter weather allowed coal to pile up at power plants, alleviating shortages

Factory will help with target of producing about two million electric vehicles a year, auto maker says

The metal is a key component in batteries for electric vehicles and is the latest battleground for auto makers looking to navigate stressed supply chains.

Boston Consulting Group identified 50 companies that delivered strong financial performance while also being “in the vanguard of climate sustainability.”

A 10.57-Carat Pink Diamond to Be Auctioned for $35 Million

The mining company submitted a proposal to acquire start-up Australian miner Liontown, which turned it down. Two earlier bids were rejected as well.

First Citizens Bancshares agrees to acquire large parts of failed Silicon Valley Bank, lifting shares of other regional lenders such as First Republic Bank. Shares of Roku and Pinterest rise after receiving upgrades.

Monday, Baird analyst Mig Dobre downgraded shares of Caterpillar and United Rentals to Sell from Hold.

U.S. Steel and Cleveland-Cliffs jockey with foreign rivals to supply the crucial material for EV motors