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 […]
Read moreDespite 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 […]
Read moreWe 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 […]
Read moreJ. 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 […]
Read moreGood 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% […]
Read moreChina 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 […]
Read moreRecent years of President Donald Trump's tax return details have finally seen the light of day thanks to a bombshell new report — which he promptly dismissed as "totally fake news." On Sunday, The New York Times published the first of several articles analyzing Trump's tax information, which he has avoided publicly releasing both before and during his time in […]
Read moreCrispin Odey pleaded not guilty in a London court to an accusation of groping a young female banking employee after inviting her back to his home more than 20 years ago. Odey, one of Europe’s highest-profile hedge fund managers, appeared at a London court for the first time Monday since being charged with indecent assault. The 61-year-old faces a trial […]
Read more"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 […]
Read moreREUTERS/ 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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