The Brazilian state with some of the world’s biggest iron ore mines wants to attract investors to its lithium deposits in a bid to feed growing demand for the key material in electric-vehicle batteries.
US equities eked out a small gain Monday while Treasuries fell as investors weighed what it would take to finally reverse the Federal Reserve’s path on rates after a survey of loan demand showed signs of credit tightening.
Lucid Group Inc. guided toward the low end of its annual production plan following a slow start the year, the latest setback for an electric-vehicle maker grappling with job losses and supply-chain snags.
PacWest Bancorp pared gains of as much as 30% on Monday to close the day more narrowly in the green, as the rally that had given the stock a record advance on Friday faded.
Wildfires raging across western Canada forced the evacuation of 30,000 residents and cut at least 234,000 barrels a day of oil and gas production as companies shut down wells and pipelines.
KKR & Co. earnings fell 26% during the first quarter from a year earlier as a dealmaking drought continued to weigh on the alternative asset manager.
The US government lab that made a long-awaited breakthrough in fusion energy late last year has run five similar experiments since then without being able to replicate the results.
Peloton Interactive Inc. rose Monday after long-standing bear Simeon Siegel at BMO Capital upgraded the exercise equipment company to market perform, saying the shares better reflect concerns such as subscriber growth.
Oil rose with a technical correction to the upside after last week’s slide, aided by supply disruptions in Canada and positive fuel demand indications.
The National Basketball Association wants to open more retail shops in markets around the world, as the league looks to expand the sport’s presence abroad.
