For a long time, most of the world’s lithium was produced by an oligopoly of producers often referred to as the Big Three: Albemarle (NYSE:ALB), Sociedad Quimica y Minera de Chile (SQM) (NYSE:SQM) and Arcadium Lithium (NYSE:ALTM), formerly called Livent. These US-listed companies remain major entities in the lithium sector;…
DETROIT (AP) — Tesla is recalling its futuristic new Cybertruck pickup for the fourth time in the U.S. to fix problems with trim pieces that can come loose and front windshield wipers that can fail. The new recalls, announced in documents posted Tuesday by the National Highway Traffic Safety Administration, each affect…
Sixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including reheated inflation. “While each of us has different views on the particulars of various economic policies, we all agree that Joe Biden’s economic agenda…
More than 21 million Miniverse “Make It Mini” sets by California toymaker MGA Entertainment are being recalled because of potentially hazardous resins, the Consumer Product Safety Commission reported Tuesday. The resins, when in liquid form, can cause skin, eye and respiratory irritation or sensitization if inhaled, touched or ingested. The…
Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The announcement comes days before President Joe Biden faces off against former President Donald Trump in the first presidential debate, where inflation is likely to be a key point of contention. The past several…
Hooters said Monday that it’s closing ‘a select’ number of underperforming restaurants, the latest casual dining chain to announce shutdowns amid broader industry woes. Hooters said that it was ‘under pressure from current market conditions,’ but added that new restaurants continued to open domestically and internationally. It did not respond…
Novo Nordisk on Monday said it will spend $4.1 billion to build a new manufacturing plant in Clayton, North Carolina, in a bid to boost the supply of its blockbuster weight loss drug Wegovy, diabetes treatment Ozempic and other injectable therapies. Demand for Wegovy and Ozempic has outstripped supply over the last year,…
A company responsible for producing ice cream products for several popular brands, including Hershey’s, Jeni’s and Friendly’s, has issued a recall because some of its products may be contaminated with Listeria. In a notice posted on the Food and Drug Administration’s website, Totally Cool Inc. said it had already ceased…
Delta Air Lines is the country’s most profitable airline. CEO Ed Bastian’s challenge is to make sure his carrier stays on top. The airline’s unit revenue, the amount it brings in for every seat it flies one mile, outpaced its competitors’ last year. Delta’s share price has soared almost 23% in 2024, more…
A Japanese woman and her child were among three people stabbed by a man on Monday in front of a school bus at a bus stop in eastern China, according to Japanese authorities. The mother and child did not suffer life-threatening injuries and were taken to hospital to receive care,…