Author: Press Room
bagi1998/iStock via Getty Images Nyrstar (OTC:NYRSF) (OTC:NYRSY) said Wednesday it plans to temporarily close two zinc mines in Tennessee at the end of November because of low prices and high inflation; zinc prices on the London Metal Exchange have fallen 16% YTD. The company, majority owned by trading and logistics company Trafigura, said it will halt production starting November 30 at its Middle Tennessee Mines, which consists of two underground zinc mines, Gordonsville and Cumberland. The Middle Tennessee processing plant has a capacity of 3M metric tons/year of ore and 50K tons/year of zinc concentrates, according to Reuters. Nyrstar (OTC:NYRSF)…
The House of Representatives, fresh off nearly a month of paralysis and Republican infighting, is starting its first legislative week back consumed by a round of partisan blame-laying and institutional strife.Using the most severe tools at lawmakers’ disposal, the House is set to consider a trio of disciplinary measures that have divided members, mostly along partisan lines. There is a Republican-written resolution to expel Representative George Santos, the New York Republican who has been indicted on charges of fraud, stealing public funds and identity theft.Republicans are moving to formally censure Representative Rashida Tlaib, Democrat of Michigan and the only Palestinian…
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 Hi! Did you go a bit overboard with candy yesterday? Don’t sweat it. Here’s some guidance on how to undergo a sugar detox.In today’s big story, we’re looking at a Wall Street giant jumping into one of the hottest sectors in finance.What’s on deck: But first, do you need some money?The big storyEverybody’s a lender AP Photo/Julia Nikhinson; Arantza Pena Popo/Insider When you hear BlackRock, what’s the first thing that pops into your head?Larry Fink? ETFs? ESG?…
The Bureau of Prisons’ position on First Step Act is keeping people in prison longer than necessary … [+] … just ask a Federal Judge in New Hampshire.getty The First Step Act (FSA) was signed into law in December 2018. The law allowed prisoners, mostly minimum and low security offenders, to earn a reduction in their sentence for being productive while incarcerated. That productivity is measured by the prisoners’ participation in meaningful programs and having a job while incarcerated. However, nearly five years after the law was enacted, the complexities of the Federal Bureau of Prisons (BOP) ability to comply…
Stay informed with free updatesSimply sign up to the Artificial intelligence myFT Digest — delivered directly to your inbox.Twenty-eight countries including the US, UK and China have agreed to work together to ensure artificial intelligence is used in a “human-centric, trustworthy and responsible” way, in the first global commitment of its kind.The pledge forms part of a communique signed by major powers including Brazil, India and Saudi Arabia, at the inaugural AI Safety Summit. The two-day event, hosted and convened by British prime minister Rishi Sunak at Bletchley Park, started on Wednesday.Called the Bletchley Declaration, the document recognises the “potential…
The U.S. labor market continues to show strong performance, with significant wage increases for workers, despite the Federal Reserve’s tightening policies and looming recession fears. The Employment Cost Index (ECI), a measure of employer compensation expenditure, recorded a 1.1% rise in Q3, surpassing expectations. This comes amidst adjustments to the labor-short post-pandemic job market. Yearly civilian wages increased by 4.6%, exceeding pre-pandemic growth rates. Key agreements between the United Auto Workers (UAW) and Big Three automakers promise a 25% wage increase and a substantial 150% pay rise for low-wage temporary workers. State and local government employees also saw significant wage…
© Reuters. Bernstein upgrades Stellantis (STLA) to Outperform following UAW agreement Bernstein upgraded Stellantis (NYSE:) to an Outperform rating (From Market-Perform) and raised their 12-month price target on the automotive stock to $26.40 (From $18.50) after the Detroit automaker secured a new labor deal with the United Auto Workers (UAW) union, effectively ending strikes against the company’s facilities. With UAW discussions (nearly) finished, the incoming CFO is anticipated to offer clearer insights on the company’s policy regarding distribution to shareholders. Projections indicate a continuation of dividends and buy-backs exceeding €7 billion, with potential for further growth pending favorable shifts in…
© Reuters. FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo By Harshit Verma (Reuters) – Gold prices will rise in 2024 from this year’s average on bets that global central banks would start monetary policy easing and after the Middle East conflict provided a boost to gold’s safe-haven rally above $2,000, a Reuters poll showed on Wednesday. The poll of 30 analysts and traders conducted in October returned a median forecast for…
GT Biopharma GAAP EPS of -$0.06
Iowa voters are less than three months away from casting their ballots for a presidential nominee, but the GOP primary has taken a backseat to foreign conflict and chaos on Capitol Hill, solidifying Trump’s lead in a narrowing field. Frontrunner: TrumpDays after the second Republican debate, a surprise attack on Israel by the terrorist group Hamas turned the world’s attention to the Middle East. With Israel putting more pressure on Gaza and a rising death toll, this conflict has been the top story ever since.There’s little daylight between Trump and his chief rivals on the U.S. response. The former president…