(This July 11 story has been officially corrected to fix the companies’ production run rate in a bullet and in paragraphs 1-3 and corrects royalty information in paragraph 16) By Ernest Scheyder HOUSTON (Reuters) – International Battery Metals said this week it has launched its version of a novel type of lithium filtration technology, a…
By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase beat estimates for second-quarter profit on Friday, as its investment banking business benefited from a resurgence in dealmaking and strong capital market activity. More companies are tapping capital markets to raise funds and striking takeover deals as they become confident in the U.S. economy’s ability…
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – A global index of stocks hit record highs on Thursday, the dollar fell and Japan’s yen surged after a tame U.S. inflation reading boosted bets the Federal Reserve will be able to start cutting interest rates. U.S. Treasury yields dropped on Thursday after U.S. consumer…
WASHINGTON (Reuters) – The U.S. government recorded a $66 billion budget deficit for June that was reduced sharply by a shift of benefit payments into May that ballooned that month’s deficit to $347 billion, the Treasury Department said on Thursday. The Treasury said that the $66 billion June deficit nominally fell 71% from the $228…
By David Shepardson WASHINGTON (Reuters) -Boeing CEO Dave Calhoun apologized and vowed the planemaker would follow government rules after the National Transportation Safety Board said the company provided non-public information speculating about possible causes on a 737 MAX mid-air emergency, the safety panel’s top official said on Wednesday. NTSB Chair Jennifer Homendy told Reuters Calhoun…
By Daina Beth Solomon and Ernest Scheyder SALAR CENTENARIO, Argentina (Reuters) – In a dusty plain in northern Argentina’s mountains, black tubes stretching two stories high fill a massive tank with salty brine sucked from deep below ground. The brine contains lithium, a silvery white metal essential for making electric vehicle batteries and in high…
By Noel Randewich and Lisa Pauline Mattackal (Reuters) -The S&P 500 and Nasdaq hit record highs on Tuesday, propelled by gains in Nvidia and other megacaps after U.S. Federal Reserve Chair Jerome Powell told lawmakers that more “good” economic data would strengthen the case for rate cuts. AI heavyweight Nvidia climbed 1.4%, offsetting declines in…
By Sinéad Carew and Tom Wilson NEW YORK/LONDON (Reuters) -MSCI’s global equities index bumped around in a narrow range on Tuesday while the benchmark U.S. 10-year yield ticked higher after U.S. Federal Reserve Chair Jerome Powell said that more good data would strengthen the case for rate cuts but gave no hints on the timing…
By David Shepardson WASHINGTON (Reuters) -Boeing is in talks with the U.S. Defense Department over how the planemaker’s planned guilty plea could affect its extensive government contracts, a person briefed on the matter said. Late on Sunday, the Justice Department said in a court filing that Boeing had agreed to plead guilty to a criminal…
By Moira Warburton WASHINGTON (Reuters) – A growing number of Democrats in the U.S. Congress are calling on Democratic President Joe Biden to end his re-election bid after the 81-year-old incumbent’s halting debate performance against Republican rival Donald Trump. Here is a list of lawmakers who have publicly called for Biden to not run again….
