Plug Power stock price has suffered a harsh reversal in the past few weeks, moving from a high of $4.58 in October to $2.50 today. This performance mirrored the pullback in the US stock market, where top indices like the Nasdaq 100 and S&P 500 dropped. So, will the stock rise or fall after its […]
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China has suspended export restrictions on rare earth minerals and advanced semiconductor materials, delivering a major relief to American tech companies and electric vehicle manufacturers facing severe supply pressures. The Ministry of Commerce announced on Sunday that it would pause bans on gallium, germanium, antimony, and synthetic diamonds until November 2026, marking a significant reversal […]
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Cryptocurrency markets faced one of their steepest declines of the year after US President Donald Trump threatened a new round of tariffs on Chinese imports, triggering what analysts described as the largest liquidation event in crypto history. The total crypto market capitalisation dropped more than 9% to around $3.8 trillion, wiping out roughly $200 billion […]
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After kicking off the week on a strong note with a fresh all-time high of $126,080, Bitcoin slipped into a phase of consolidation as market uncertainty returned. The total crypto market capitalisation also hit a record high, swelling to $4.37 trillion earlier in the week. However, by Friday, those gains had been erased, with the […]
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Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base. About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said. The […]
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Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States. Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark‘s shares were down 12.5%. Kenvue has been under a strategic […]
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Yum Brands said on Tuesday it was exploring strategic options for its Pizza Hut chain as the unit struggles to keep pace in a highly competitive fast-food industry vying for sales from a stressed consumer. “Pizza Hut‘s performance indicates the need to take additional action to help the brand realize its full value, which may […]
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U.S.-based companies announced more than 153,000 job cuts in October, the research firm Challenger, Gray & Christmas reported Thursday. “This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,’ the firm said in a news release. From January through the […]
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House Speaker Mike Johnson on Thursday sharply diverged from the direction that Senate negotiations were headed in to end the government shutdown. Johnson told reporters Thursday that he would not commit to holding a vote on extending COVID-19 pandemic-era enhanced Obamacare subsidies, which are set to expire at the end of this year without congressional […]
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Top Democrats emerged from a classified Capitol Hill briefing Wednesday expressing confidence in the intelligence behind recent U.S. strikes on suspected narco-trafficking vessels near Venezuela. But they also faulted the Biden administration for what they called a failure to confront Nicolás Maduro after Venezuela’s disputed 2024 election. The Office of Legal Counsel presented lawmakers with […]
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