Can Elon Musk’s Tesla keep straddling the US and China?
Even by Elon Musk’s mercurial standards, this has been quite a week. On Sunday, it seemed as though the maverick billionaire boss of Tesla,
U.S. Steel sought to quash the notion that Nippon Steel is trying to unwind the companies’ $14 billion deal, saying that rival Cleveland-Cliffs is spreading false rumors among investors. “Nothing could be further from the truth,” U.S. Steel’s board of directors said in a Tuesday letter to investors and employees. “Both Nippon Steel and U. S. Steel remain as fully committed as ever to completing the transaction.”
Baidu's Ernie Speed and Light LLMs will now be free to access.
Other sectors have rallied on AI demand, raising the stakes for the chipmaker's latest quarterly update.
ASML Holding NV (NASDAQ:ASML) and Taiwan Semiconductor Manufacturing Co (NYSE:TSM) can remotely turn off their sophisticated chipmaking machines if China invades Taiwan, Bloomberg reports. U.S. government officials have discussed with Dutch and Taiwanese authorities the potential consequences if China’s aggression towards Taiwan escalates into an attack. These discussions have raised concerns given Taiwan’s critical role in global semiconductor production, Also Read: Pay More for Chips Made Outs
STOCKS An unlikely stock-market winner this spring stands out even in a year full of Wall Street surprises. Utilities—yes, utilities—are outpacing the competition. The climb in shares of power companies is in part a rebound from a bleak 2023.
The likes of SU, PBA and CNQ, among others, stand to gain from better market access and improved pricing following the Trans Mountain oil pipeline expansion.
Shares of leading natural-gas-pipeline firms Kinder Morgan, Williams, Enbridge, and Oneok are surging based on expectations that data centers will ramp up electricity consumption.
(Bloomberg) -- One after another, Latin American nations are following in the footsteps of the US and Europe by imposing prohibitive tariffs on Chinese imports — a strain in what’s been an otherwise cozy relationship. Most Read from BloombergHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’One of the Last Big Bears on Wall Street Turns Bullish on US StocksFlorida’s
Despite years of efforts by the West to make a dent, Chinese mining companies are becoming more dominant, not less.
Here is how Hecla Mining (HL) and New Pacific Metals Corp. (NEWP) have performed compared to their sector so far this year.