Author: News Room

Key takeaways Lithium production has skyrocketed and isn’t set to slow down this decade as EVs continue to scale up Lithium prices have dropped over 55% in less than six months – great news for EV companies, not as good for lithium miners The long-term future of lithium looks bright as long as countries continue to cooperate with suppliers Who knew a light metal would be the star of the show on the stock market? Lithium is set to be the next battleground, as countries ramp up their own domestic efforts to harness the material that powers electric vehicle (EV)…

Despite mass layoffs affecting large tech and later-stage fintech companies, there is an opportunity for the people laid off to join the fintech workforce. Tech companies in the U.S. have laid off 131,000 workers in mass job cuts this year, according to Crunchbase. But doom and gloom aside, fintech companies are still hiring. The challenge is the misconception that landing a job in fintech requires skill sets from the broader tech space. While true in some cases, the fintech industry differs wildly from big tech. For starters, fintech companies have a start-up culture, so hiring managers are looking for people…

By Anna-Catherine Brigida and Walter Bianchi BUENOS AIRES (Reuters) – Argentina has patched up its wobbly economy with a so-called “soy dollar” preferential exchange rate to boost grains exports and bring in much-needed foreign currency, which analysts said would give the government breathing room, at least temporarily. The measures, which kicked in fully on Monday, give soy exporters a better exchange rate than the controlled official one, aiming to spur exports of some $15 billion of soy in the second and third quarters of the year to refill depleted reserves. “The ‘farm dollar’ will not create extra foreign currency, but…

WASHINGTON (Reuters) – The Biden administration on Tuesday proposed new health protections to reduce exposure of U.S. workers and communities to ethylene oxide, a toxic, colorless gas mainly used to sterilize medical equipment and spices. The Environmental Protection Agency issued a proposed rule with new requirements at 86 sterilizer facilities across the country, that if finalized, aims to reduce ethylene oxide (EtO) emissions by 80%. Long-term exposure to EtO can have health implications, including certain cancers, studies say. The proposed rule is part of President Joe Biden’s initiative to cut the death rate from cancer and create new treatments to…

© Reuters By Yasin Ebrahim Investing.com — The S&P 500 cut losses Monday as a surge in chip stocks helped offset an Apple-infused stumble in big tech and jitters about further Federal Reserve tightening following a strong March jobs report. The was up 0.1%, the added 0.3%, or 101 points, and the ended flat after falling more than 1% intraday.  Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory. Apple Inc (NASDAQ:) fell more than 1%, with Alphabet Inc (NASDAQ:) and Microsoft Corporation (NASDAQ:) also…

Chicago will host the 2024 Democratic National Convention, the Democratic National Committee said Tuesday, bringing the event back to the city for the first time since 1996. The Democratic Party seems to be closing ranks behind President Joe Biden as its 2024 nominee, although Marianne Williamson and Robert F. Kennedy Jr. are mounting long-shot challenges. The president said Monday that he’s “planning on running” but wasn’t prepared to make a formal announcement yet. Read: As Biden says he’s ‘planning on running,’ here are the potential 2024 Republican candidates. “The Midwest reflects America and will give Democrats an opportunity to showcase some of…

Upsets and exciting finishes are also the norms when March rolls around. But there is also a dash for head coaches to cash in on their NCAA Tournament successes — or programs to rethink the leaders of failed teams. Look no further than the Big East to see the extent of the men’s basketball coaching carousel.  On Monday, Ed Cooley left his head coaching bench from one Big East school, Providence, to conference rival Georgetown after firing Patrick Ewing. Less than two hours later, St. John’s announced they would hire Rick Pitino from Iona. It will be Pitino’s third coaching role in…

Moderna said Tuesday an independent data board has deemed it too soon “to declare early success” in one of the biotech’s flu vaccine trials, due to a lack of sufficient cases. The board recommended the company continue testing the mRNA vaccine. Moderna (ticker: MRNA) gave several other updates on its mRNA portfolio of vaccines Tuesday, including candidates against Lyme disease—the biotech company’s first bacterial vaccine. Investors, however, appeared to focus on the flu vaccine news, despite other positive updates. Moderna stock slid 5.8% to $150.85 Tuesday after the company’s new release. So far this year, the stock has lost about…

Chicago will host the 2024 Democratic National Convention, the Democratic National Committee announced Tuesday. The convention will be held from August 19-22, 2024. In its announcement, the DNC called the Midwest a “critical Democratic stronghold” that helped President Joe Biden win the 2020 presidential election. “I am thrilled that Democrats will take the stage in Chicago to share our party’s vision and values,” DNC Chair Jaime Harrison said. “The Midwest reflects America and will give Democrats an opportunity to showcase some of President Biden and Vice President Harris’s most significant accomplishments for American families.” Chicago beat out the other two…

Glencore has added a cash sweetener to its hostile takeover bid for Teck Resources as it tries to woo the Canadian miner, whose chief reiterated the board’s rejection of the deal.Under the revised proposal, the FTSE 100 mining group has offered to pay a cash element that could amount to $8.2bn to buy Teck shareholders out of their stake in a coal-focused spin-off, while also granting them a 24 per cent stake in a separate industrial metals business that would be created off the back of the deal. The revised offer allows investors to choose cash instead of shares or…