Electric vehicles (EVs) are key to cutting greenhouse gas emissions and fighting climate change, and the Biden administration has implemented subsidies and tax incentives to foster US and North American supply chains. Nearly US$1 trillion is flowing into various initiatives via the Bipartisan Infrastructure Deal, CHIPS and Science Act and…
Argentina’s mining sector is poised for significant growth, with Mining Secretary Luis Lucero telling Reuters that the country’s commodities exports are set to more than double to approximately US$10 billion by 2027. Recent changes under newly elected President Javier Milei have fueled anticipation among miners and investors alike, fostering optimism…
Rare earth metal production was on the rise again in 2023, jumping to 350,000 metric tons (MT) worldwide — that’s up significantly from 190,000 MT in 2018, just five years prior. Demand for rare earth metals is increasing as renewable energy becomes more important across the globe. Rare earths such…
Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday. Despite being…
Philip Morris International said on Tuesday it would invest $232 million to expand production capacity for ZYN nicotine pouches at its Ownesboro, Kentucky plant, to meet the strong demand. The investment will be made through one of PMI’s Swedish Match affiliates, and comes about a month after the tobacco giant announced…
Ford Motor is the latest company to walk back some of its commitments to diversity, equity and inclusion initiatives. The automaker has taken “a fresh look” at its DEI policies and practices over the past year to take in to account the evolving “external and legal environment related to political and…
Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first nontechnology company in the U.S. to score the coveted milestone. Shares of the Omaha-based conglomerate have rallied more than 28% in 2024, far above the S&P 500′s 18% gain. The $1 trillion threshold was crossed just two days…
Aug 26 (Reuters) — Care.com, a platform for providing in-home care services to children, older adults and pets, agreed to pay $8.5 million to settle U.S. Federal Trade Commission charges it grossly inflated the number of available jobs and made it difficult to cancel memberships. The settlement with the unit…
The past few weeks in the Ukraine war have felt like, to borrow an adage often attributed to Lenin, that decades have happened in them. It is perhaps the fastest moment of change in the conflict since it began, and heralds Kyiv throwing everything it has down on the table…
After more than 300 days in Hamas captivity, a frail and malnourished Farhan Al-Qadi sat in a large tent set up by his family and friends in the Negev desert, where loved ones came by to welcome him home on Wednesday. “I am well,” Al-Qadi told reporters, adding that he wishes “that the war…