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The initial five-year agreement implies that Piedmont will supply about a third of its planned 160,000-tonnes-per-year spodumene concentrate produce from its deposits in North Carolina. The deal comes on the heels of Tesla's "Battery Day" presentation last week when Chief Executive Elon Musk shared his vision of novel, proprietary Tesla batteries, following which Tesla stock lost more than $30 billion in market value. Piedmont said in a statement that the agreement marked the beginning of the its first U.S. domestic lithium supply chain and that talks are ongoing over other sales arrangements....
Sep.27 -- President Donald Trump answers questions about the New York Times article about his tax information for the last two decades. Trump is said to have paid $750 in federal income taxes in the year he won the presidency. He speaks at a news briefing at the White House....
A federal judge has halted the Trump Administration's ban on video-sharing app TikTok.Per multiple media reports, Judge Carl Nichols of the U.S. District Court in Washington, D.C. blocked the ban, which was set to go into effect at midnight Sunday.The news comes on the heels of a Sunday morning hearing where Judge Nichols listened to TikTok's lawyers, via dial-in, argue that a ban on TikTok downloads would be "devastating" and an attack on free speech.President Donald Trump has called the app a "national security" risk since it is owned by a Beijing-based parent company. ByteDance Ltd., which launched TikTok in 2018 after acquiring Shanghai-based video app Musical.ly for $1 billion, could gather data on Americans on behalf of Chinese authorities, he says.TikTok was told to find a U.S. buyer, otherwise the ban would go into effect.Enter Oracle Corp. (NYSE: ORCL) and Walmart Inc. (NYSE: WMT). The two companies agreed to buy...
(Bloomberg) -- Investors may remain in cash more than expected as safe-haven assets seen as traditional hedges aren’t panning out, according to JPMorgan Chase & Co.Above-average allocations to cash may be an unintended consequence of easy-money policies, with cyclical assets seen as too difficult to hedge in a zero-yield environment, strategists led by John Normand wrote in a note Friday. That conservative mindset may not become popular enough to affect the direction of risky markets, but it could discourage investors from deploying their cash into other asset classes, they said.“Defensive assets are delivering their weakest performance and therefore worst hedge protection of any equity sell-off in at least a decade,” Normand said. “The wall of cash some hypothesize will inevitably flow into equity, credit and EM may remain very high indefinitely.”The S&P 500 index has fallen about 8% since hitting a record on Sept. 2 amid concerns about valuations, a resurgence...
Responding to questions at a press conference Sunday, President Trump denied a New York Times article about his finances, saying he pays "a lot" in federal income taxes. Photo: Chris Kleponis/Bloomberg News...
