Piedmont Lithium Soars After Tesla Metal Supply Deal

In this article Piedmont Lithium surged more than fourfold on Monday after the company resumed trading, following a deal to supply Tesla Inc. with a lithium raw material. Piedmont said last week it will supply the automaker with spodumene concentrate from its operations in North Carolina. Its shares, halted since Sept. 17, resumed Monday and immediately soared. The Australian company’s […]

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This technical analysis pattern suggests the S&P 500 could jump 30% from current levels, according to BofA

Despite September's correction in the stock market, the long-term technical setup for further upside is intact heading into the November election, according to Bank of America. Based on a completed "cup and handle" technical analysis pattern, the S&P 500 could rise to 3,700 to 4,300, representing potential upside of 12% to 30% from Friday's close, BofA said. Encouraging margin debt […]

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Redundancy pay calculator: How to work out how much you could take home

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. Redundancies this autumn could hit close to half a million according to data from the Institute for Employment Studies (IES). The Chancellor of the Exchequer Rishi Sunak launched a slew of financial packages to avoid a “tsunami […]

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Morgan Stanley slashes forecast for US economic growth through the end of the year as more stimulus appears ‘unlikely’

J. Scott Applewhite/AP Photo Morgan Stanley slashed its forecast for fourth quarter US GDP growth on Sunday to 3.5%. The firm’s previous estimate for the quarter was 9.3%.  A team of economists said they do not expect a second stimulus package to be released by the end of this year.  Morgan Stanley’s former 9.3% fourth-quarter growth prediction was one of […]

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Retirement investors: Why it's time to stop using the 4% rule

Good retirement investing tips, advice amid a volatile market FOX Business’ Charles Payne and Nicholas Wealth Management David Nicholas answer a FOX Business viewer’s question of whether to take this year’s profits now and then jump back into the market once the election is over. They continue to answer other retirement investing questions on 401(k)s and dividend stocks. The 4% […]

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China is holding simultaneous military drills in 4 seas — again

China began five military exercises simultaneously along its coast Monday, ranging from the Bohai Sea in the north to the Paracel Islands in the South China Sea. It's the second time in two months that China will have such concurrent drills against a backdrop of rising regional tension. Visit Business Insider's homepage for more stories. BEIJING (Reuters) – China began […]

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Sen. Ted Cruz: GOP will protect Americans with preexisting conditions if Obamacare struck down

"Every Republican agrees we're going to protect preexisting conditions," GOP Senator Ted Cruz told CNBC on Monday. The conservative-majority Supreme Court is set to hear another legal challenge to Obamacare, which extends those protections.  The Texas Republican said that "100 out of 100 senators agree we're going to protect preexisting conditions regardless of what happens with Obamacare." Republicans will protect Americans […]

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HSBC jumps 10% in its biggest daily rise since 2009 after China’s Ping An boosted its stake despite political tensions

REUTERS/ Bobby Yip HSBC posted its biggest one-day jump in 11 years after China’s Ping An Insurance, its largest shareholder, boosted its stake to 8% in the British bank. The Chinese insurer bought 10.8 million shares in HSBC at an average price of HKD 28.29 ($4.04) through its investment arm, Ping An Asset Management.  HSBC’s shares have tumbled to a […]

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