Recently, U.S. government researchers traveled to a South Korean mine to evaluate the progress being made towards increasing the supply of tungsten from sources outside of China. The Sangdong Mine, owned by a subsidiary of Almonty Industries based in Canada, is expected to resume operations this year. Tungsten, an essential metal used in the production
Art
Despite an inflation-fueled sales slump that hit the toy industry in the first half of 2024, Lego managed to outperform its competitors, with revenue jumping 13% in the first six months of the year. Niels Christiansen, CEO of the Danish toymaker, attributed this success to the strength of Lego Icons, Lego Creator, and the partnership
Brazilian miner Vale recently made a strategic decision to announce Gustavo Pimenta as their new chief executive officer. This move was aimed at preempting any further market speculation regarding potential candidates for the role. Chairman Daniel Stieler emphasized the importance of finalizing the leadership succession process ahead of schedule to bring stability and clarity to
Nvidia, a technology company known for its graphics processing units, has seen significant growth in the last year, with a 179% increase in its stock price. Despite this impressive performance, the stock is currently 8.8% below its June 20 high. Analysts are overwhelmingly bullish on Nvidia, with 92% rating it as a buy or overweight.
As the summer season on Broadway comes to a close, the total grosses for the week ending August 25th were down by approximately 10% compared to the previous week. This decline can be attributed, at least in part, to the summer edition of Kids‘ Night on Broadway, where 19 out of 24 shows offered free
The collaboration between Volkswagen and Xpeng in the realm of electric cars for the Chinese market has been gaining momentum. With Volkswagen’s $700 million investment in Xpeng to jointly develop two electric cars for delivery in China by 2026, it is evident that both companies are committed to pushing the boundaries of innovation. Xpeng’s co-president
The world has seen a significant increase in the number of crypto millionaires over the past year, with a staggering 95% growth in individuals holding more than $1 million in crypto assets. According to a report from New World Wealth and Henley & Partners, the number of pure bitcoin millionaires has more than doubled to
Federal Trade Commission Chair Lina Khan’s push to utilize antitrust laws to safeguard the interests of workers is currently being put to the test in a trial involving the proposed merger between grocery giants Kroger and Albertsons. Khan’s approach, which aims to address anticompetitive practices impacting workers’ pay rather than just consumer prices, marks a
The boom in artificial intelligence technologies is driving the demand for more powerful processors and increased energy consumption in data centers. Sustainable Metal Cloud (SMC) has positioned itself as a key player in this space by offering innovative solutions that are sustainable and energy-efficient. SMC’s HyperCubes, which are filled with servers equipped with Nvidia processors
The S&P 500 saw a decline on Monday, led by Nvidia, a prominent player in the AI industry, ahead of its quarterly report. Investors are eagerly awaiting inflation data to get an idea about the direction of interest rate cuts by the Federal Reserve. The Nasdaq also experienced a drop, while the Dow Jones Industrial
Dallas Mavericks and New Orleans Pelicans fans are eagerly awaiting updates on how they will be able to watch their favorite teams’ local games in the upcoming NBA season. Both teams are making a significant transition by moving away from their regional sports networks owned by Diamond Sports. This shift was detailed in a recent
Federal Reserve Chair Jerome Powell’s recent speech at the Jackson Hole Economic Symposium has sparked significant speculation and debate. Many analysts and market participants see his remarks as indicative of a significant dovish shift in the central bank’s stance on monetary policy. Powell’s indication that the Fed is prepared to lower interest rates aligns with
The World Robot Conference in Beijing showcased a plethora of humanlike robots, with 27 debuting at the event, a new record. There is a rush in China towards the development of humanlike robots, with investments exceeding 100 billion yuan in the last decade. These robots are being designed to perform a wide range of tasks
Ignoring a big tax bill can have serious repercussions when it comes to your passport. Recent years have seen an increase in cases where the federal government revokes or limits passports due to seriously delinquent tax debts. It is crucial for taxpayers to understand the potential risks involved in ignoring their tax obligations. A “seriously