Author: Press Room

alengo/E+ via Getty Images Albemarle (NYSE:ALB) closed -6.3% and Lithium Americas (NYSE:LAC) -6% to lead lithium miners (LIT) broadly lower in Monday’s trading, as Chinese prices for lithium carbonate have dropped 20% so far in November and 75% YTD. Among other lithium names, Sigma Lithium (SGML) settled -3.9%, American Lithium (AMLI) -3.5%, Livent (LTHM) -2.5% and SQM (SQM) -2.2%. A supply glut has weighed on prices in 2023, and the Benchmark Mineral Intelligence consultancy forecasts the global lithium market will not return to deficit until 2028; high interest rates also are leading to uncertainty over global demand for electric vehicles,…

A Monday decision from the U.S. Supreme Court compels Arizona’s top Republican leaders to sit for depositions in an ongoing federal lawsuit concerning state voting rights. In their brief order, the justices refused to block the testimony from Arizona House Speaker Ben Toma and Arizona Senate President Warren Petersen – both Republicans – where they must explain, under oath, why they supported state laws requiring proof of citizenship to vote. Civil rights groups have argued that those laws, passed last year, are racially discriminatory. The Biden administration has also filed a separate lawsuit.Toma and Petersen, meanwhile, have defended the laws from legal…

Selective focus a pen on US tax form 1040 on top getty As 2023 draws to a close, the IRS is already gearing up for next year—but some taxpayers are still experiencing delays related to previous years. According to the IRS, they are “working hard to get through the inventory.” The agency says that it has processed all paper and electronic individual returns received before October 2023. Additionally, the agency claims it is opening mail within normal time frames. This means, they say, that all individual returns received for the tax year 2021 or earlier have been processed—if those returns…

Olly sold her tourism business in Botswana after Covid-19 struck and paid almost £8,000 for visas and flights to take a job as a carer in the UK. The work was stressful enough, involving long miles between clients around rural Somerset in an unfamiliar manual car. But in August, just weeks after her family joined her, her employer folded. She swiftly found another job in a care home willing to sponsor her visa, but is only allowed to work part-time while the Home Office processes the paperwork — and risks deportation from next week if the delay continues.“It is very…

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Brigid Riley TOKYO (Reuters) – The U.S. dollar ticked down to a three-month low against peer currencies on Tuesday after slipping overnight on weaker-than-expected new home sales data, while traders hunkered down on bets that the Federal Reserve could start cutting interest rates in the first half of next year. U.S. new home sales fell 5.6% to a seasonally adjusted annual rate of 679,000 units in October, data showed, below the 723,000 units expected by economists polled by Reuters and…

© Reuters. FILE PHOTO: A Greek flag flutters atop the Panathenean stadium as the Acropolis hill is seen in the background in Athens April 11, 2014. REUTERS/Yorgos Karahalis/File Photo By Marc Jones LONDON (Reuters) -Scope, Europe’s first ECB-approved credit ratings agency, promises to put more weight on the euro zone’s improved ability to navigate crises although it has concerns about Italy and France and warns the Dutch election result could trouble its coveted triple-A grade. By joining a soon-to-be-five-member group that the European Central Bank uses to judge government bond collateral values, Berlin-based Scope could play a significant role in…

Neilson Barnard/Getty Images Entertainment Southwest Gas (NYSE:SWX) disclosed Monday it agreed to nominate four designees by Carl Icahn to its board, in an amended agreement that sets out conditions determining when the standstill restriction on the Icahn Group will end. As a result, Southwest Gas (SWX) said it will nominate Andrew Evans, Henry Linginfelter, Ruby Sharma and Andrew Teno as Icahn designees for election at the 2024 annual shareholders meeting. The company also said Paul Daily plans to retire in 2024 as President and CEO of its Centuri Group subsidiary, while also saying it continues to advance the previously announced…

President Biden signed the country’s first major climate law and is overseeing record federal investment in clean energy. In each of the past two years, he attended the annual United Nations climate summit, asserting American leadership in the fight against global warming.But this year, likely to be the hottest in recorded history, Mr. Biden is staying home.According to a White House official who asked to remain anonymous to discuss the president’s schedule, Mr. Biden will not travel to the summit in Dubai. Aides say he is consumed by other global crises, namely trying to secure the release of hostages held…

Blue whales near the Seychelles were wiped out half a century ago by whaling.After sightings, scientists set up audio recording devices on the seafloor near the island nation.They found blue whales had returned to the area, and think the whales may be using it for breeding. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A population of blue whales near the Seychelles islands in the Indian Ocean that was wiped out half a century ago has returned after the area was protected, according to a…

A swath of unfinished apartment blocks across China, indebted buyers uncertain if they will ever move into their new homes and anger at the loss of their deposits — the impact of China’s property crisis has been immense.The 2021 default of Evergrande, the world’s most indebted developer, and dozens of its peers ushered in a new era for China’s property sector.Evergrande, which faces the threat of liquidation, embodies the turmoil of a sector that accounts for roughly a quarter of China’s economic activity and is the most important component of household wealth.While China’s residential property prices were up almost a…