Nickel markets have been underwhelming the past couple of years as an oversupply of the base metal exceeded demand. It was a trend that continued through the last quarter of 2024. Indonesian supply was the primary force preventing a breakout in the nickel markets. The country continued to be the…
Lithium carbonate values saw further declines in the third quarter, starting the 90 day session at US$12,999 per metric ton and shedding 22 percent by September 10, hitting a three year low of US$10,019. Despite the contraction, market watchers and analysts are viewing Q3 as a price stabilization period for…
Four years after launching a push for more diversity in its ranks, McDonald’s is ending some of its diversity practices, citing a U.S. Supreme Court decision that outlawed affirmative action in college admissions. McDonald’s is the latest big company to shift its tactics in the wake of the 2023 ruling and a conservative…
U.S. Steel and the Japanese firm that had sought to acquire it are suing the Biden administration after the president announced he was blocking a proposed deal for the iconic American manufacturer. U.S. Steel and Japan’s Nippon Steel said in a release Monday that President Joe Biden ‘ignored the rule…
Sierra Space CEO Tom Vice has left the company, CNBC confirmed Monday. In a statement, Sierra Space said Vice retired Dec. 31. Chairman Fatih Ozmen will serve as interim CEO, with Eren Ozmen as president. “After three and half years in the role, Tom Vice has retired as Sierra Space CEO as of the…
Former New York Giants quarterback Eli Manning would consider becoming a minority owner of his old team if the Mara family is willing to sell him a stake. “It’s definitely something of interest,” said Manning, who spoke in a CNBC Sport interview. “There’s probably only one team I’d be interested…
Potential home shoppers in the Northeast and Midwest may be in for disappointment: Despite signs of cooling in the last year’s intensively competitive housing market, a new report from Zillow says some areas will stay especially competitive this year. The Zillow report predicts the hottest housing markets for 2025; Buffalo,…
Elon Musk’s personal foreign policy of promoting far-right parties is sparking outrage among leaders in Europe and handing them a dilemma: How do they rebuke the tech titan without angering his new patron — Donald Trump? Musk could easily be dismissed as a mischievous antagonist who simply loves to shock…
Multiple Israeli settler attacks against Palestinians have been reported in parts of the occupied West Bank after gunmen killed three settlers and injured eight others earlier on Monday in the latest explosion of violence there. While tensions have been rising in the West Bank for years, the October 7 attacks…
Azerbaijan’s leader has accused Moscow of carrying out a “cover up” over a passenger jet crash last month that claimed 38 lives, as relations sour between the two neighbors. While meeting on Monday with the two surviving flight attendants and families of other crew members that died, President Ilham Aliyev…