A major U.S. steelmaker is looking to help kickstart domestic production of rare earth minerals amid China’s move to block access amid its trade dispute with the Trump administration. Cleveland-Cliffs, a steelmaker headquartered in Ohio, announced the rare earths plan on the company’s quarterly earnings call on Monday.”Beyond steelmaking, the renewed importance…
Merck on Monday announced the groundbreaking of its new Virginia pharmaceutical manufacturing facility, a cornerstone of the company’s $70 billion U.S. investment strategy. The 400,000-square-foot site in Elkton, Virginia, is expected to create 500 full-time positions once operational and generate roughly 8,000 construction jobs during development.As one of the largest pharmaceutical investments…
People lined up outside one of Orlando’s newest establishments for its grand opening and ribbon cutting this week, hosted by celebrity bar expert Jon Taffer. The “Bar Rescue” reality TV star opened the doors to Taffer’s Tavern in Orlando’s main entertainment and tourism district, more commonly known as I-Drive, on…
BlackRock, the world’s largest asset manager overseeing $10 trillion, took a victory lap this week, touting ownership of some of the fastest growing exchange-traded funds in history. “Our digital assets ETPs and active ETFs have grown from practically zero to 10 in 2023 to over $100 billion in digital assets…
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General Motors said Tuesday that it plans to take a $1.6 billion charge in the third quarter as it revamps…
The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s “It Was a Very Good Year,”…
Goldman Sachs beat Wall Street expectations for third-quarter profits on Tuesday, as its investment bankers earned higher advisory fees and…
A familiar face is dominating the exchange-traded fund leaderboard, with more than half of the top 10 ranked by annual…
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The announcement of Social Security’s annual inflation adjustment to benefits has been delayed due to the government shutdown, but the agency responsible for handling the benefit increase has set a date for releasing the data next week. Social Security benefits undergo a cost-of-living adjustment (COLA) every…
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JPMorgan Chase on Monday unveiled a sweeping $1.5 trillion, decade-long initiative to strengthen industries vital to America’s economic and national security. The effort — dubbed the “Security and Resiliency Initiative” — will direct $1.5 trillion toward projects spanning energy, manufacturing and defense. As part of the plan, the financial giant…
President Donald Trump moved to calm fears of an escalating trade war with Beijing on Sunday after he threatened to impose 100% tariffs on China’s imports in response to the nation’s export curbs on rare earth minerals. Trump’s new tariffs on China would amount to a big increase over the…
U.S. consumer sentiment held steady in October, though Americans’ concerns about the labor market and inflation persisted as the government shutdown began. The University of Michigan’s preliminary consumer sentiment survey for October was little changed from last month, coming in at 55 as economists polled by LSEG estimated a more significant…
The crypto market was rocked by a dramatic plunge Saturday, marking one of the sharpest single-day drops in recent history and wiping out billions in value, one expert told FOX Business. The sudden collapse followed the U.S. government’s announcement of new tariffs on Chinese tech imports, a move that rattled…
This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255). A Ukrainian crypto trader has been found dead in Kyiv in the wake of a market crash, with officials now treating the incident…
The economies of more than 20 states are either in a recession or are on the brink of slipping into one, according to an analysis by Moody’s Analytics Chief Economist Mark Zandi. Zandi’s analysis found that, as of late August, 21 states and the District of Columbia were either in…
UPS may begin “disposing of” imported packages if parcels cannot clear U.S. customs regulations, the shipping giant told FOX Business on Friday. The company said rapidly shifting import rules and documentation requirements under ongoing trade disputes have made it increasingly difficult for employees and consumers to navigate the customs process.When…
A popular tax break for workers nearing retirement age to make extra catch-up contributions is changing next year, which will limit access to some high earners. The IRS issued new regulations last month to implement a provision of a 2022 law known as the SECURE 2.0 Act, which requires that…
The Congressional Budget Office (CBO) on Wednesday released data showing the federal government ran a $1.8 trillion budget deficit in fiscal year 2025 amid mounting interest costs on the nearly $38 trillion national debt. The CBO estimated that the shortfall was slightly smaller than the prior year’s deficit, with the preliminary…
Silver surpassed $50 an ounce for the first time on Thursday amid a supply shortage and an economic environment that bolsters precious metals. Spot silver briefly rose above $51 an ounce during Thursday’s trading session after breaking the $50 an ounce threshold earlier in the day. It has since dipped…
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