Saudi Energy Minister Abdulaziz bin Salman speaks during the annual Future Investment Initiative (FII) conference in Riyadh on October 29, 2024.Fayez Nureldine | Afp | Getty ImagesRIYADH, Saudi Arabia — Saudi Arabia is pushing ahead to put itself on the global critical minerals map, announcing a number of deals, investment plans and discoveries at its annual Future Minerals Forum in the capital Riyadh.Saudi Vice Minister of Mining Affairs Khalid al-Mudaifer announced Wednesday the development of a new mineral investment project valued at $100 billion, and that $20 billion of it was already in the final engineering phase or under construction.While…
Author: usaeverydaylife
A major stock market theme in December was sub-par market internals. In fact, more S & P 500 stocks declined vs. advanced every session of the first 14 trading days of the month. That’s an extremely long bearish streak. Despite that, the behemoth growth names continued to advance. And given that the S & P 500 is market-cap weighted, the widely popular and highly influential stocks literally helped the index hang near its all-time highs. In other words, the “average S & P 500 stock” performed a lot worse than the index. The Invesco S & P 500 Equal Weight ETF…
Check out the companies making headlines in midday trading. Quantum stocks – Quantum computing stocks gained after Microsoft unveiled its quantum-ready plan aimed at preparing businesses for the rise of quantum computers. Nvidia also announced a quantum day at its annual GTC conference. Rigetti Computing rallied more than 18%, while D-Wave Quantum surged nearly 20%. IonQ skyrocketed 33%. Beacon Roofing Supply – Shares of the specialty building products distributor jumped more than 10%, hitting a new 52-week high, after QXO announced that it has proposed to acquire the company for $124.25 per share in cash. That implies a total transaction…
Supporters of Israeli hostages, who were kidnapped during the deadly October 7 2023 attack by Hamas, react to news on the Gaza ceasefire negotiations, during a protest to demand a deal to bring every hostage home, in Tel Aviv, Israel, January 15, 2025. Ronen Zvulun | ReutersIsrael and Hamas reached a deal Wednesday for a ceasefire and the release of hostages, a major breakthrough in their 15-month war, which has wreaked destruction and inflamed tensions across the region.An Israeli official briefed on the talks confirmed the deal to NBC News. The long-awaited agreement followed Qatari Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al Thani’s meeting…
MELBOURNE, Australia — For Naomi Osaka, this journey to the other side of the world is starting to become a rollercoaster ride for the ages.The new year had all started so right, with a run to the final in Auckland, New Zealand. But then, a set up and with her first tournament title since becoming a mother in sight, she had to pull out against Clara Tauson with an injury.The scans were “not great” in her words, a suboptimal development just a few days before the start of the Australian Open.A few days later, the fires in Los Angeles arrived.…
Updated Jan. 15, 2025, 12:34 p.m. ETNegotiators from Israel and Hamas have agreed to a cease-fire in Gaza, though the start date is unclear, according to a senior official from one of the mediating countries and two senior Israeli officials.The deal needs to be formally ratified by the Israeli cabinet, the officials said and there are also technical details that still need to be worked out. Two other officials said there was last-minute wrangling over the Egypt-Gaza border, which Israeli forces currently control.Two White House officials, who spoke on condition of anonymity, confirmed that a cease-fire deal has been reached. Basem…
David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | ReutersThe election of Donald Trump in November and a swing back to Republican power in Washington is already starting to make an impact in the business world, according to Goldman Sachs CEO David Solomon.The bank executive said on a conference call Wednesday that other CEOs are feeling better about the direction of the economy and their businesses since the presidental election, even though Trump has yet to take office.”There has been a meaningful shift in CEO confidence, particularly…
D-Wave Systems Inc. logo of a Canadian quantum computing company is seen on a smartphone screen.Pavlo Gonchar | Lightrocket | Getty ImagesQuantum computing stocks rallied Wednesday, spurred by a directive from Microsoft urging businesses to get “quantum-ready” in 2025, and as investors returned to “risk on” trades after December core inflation came in weaker than forecast.”We are at the advent of the reliable quantum computing era,” wrote Mitra Azizirad, president and chief operating officer of Microsoft’s strategic missions and technologies, in a blog post. “And we are right on the cusp of seeing quantum computers solve meaningful problems and capture new business value.”Stock…
The Bristol Myers Squibb research and development center at Cambridge Crossing in Cambridge, Massachusetts, US, on Wednesday, Dec. 27, 2023. Adam Glanzman | Bloomberg | Getty ImagesBristol Myers Squibb believes Alzheimer’s is the largest market for its newly approved schizophrenia drug, Cobenfy, which it expects to eventually generate billions of dollars in revenue.In an interview, company executives said each treatment use they are studying for Cobenfy has multibillion dollar potential, including Alzheimer’s disease psychosis, Alzheimer’s agitation and Alzheimer’s cognition, bipolar disease and autism. But Alzheimer’s is the “really large market here,” Bristol Myers Squibb CFO David Elkins told CNBC on Tuesday…
LONDON — U.K. borrowing costs fell sharply on Wednesday, following the release of lower-than-expected consumer inflation prints both at home and in the U.S.The yield on 10-year U.K. government bonds was 16 basis points lower at 4.727% at 4 p.m. in London, putting it on course for its first daily decline since Dec. 31. A surge since the start of the year on concerns over the country’s growth outlook and debt load had taken the benchmark yield to its highest level since 2008.The yield on 2-year U.K. bonds, which are known as gilts, fell 15 basis points to 4.45%. The…
