Shares of Hochschild Mining (LSE:HOC,OTCQX:HCHDF) plummeted more than 20 percent on Tuesday (June 10) after the company announced a six week shutdown of the processing plant at its Mara Rosa gold mine in Brazil. In a statement, the miner blamed the issue on a combination of “heavier-than-usual seasonal rainfall” and…
Atlantic Lithium (A11:AU) has announced Leadership Streamlining and Cost Reductions Download the PDF here. This post appeared first on investingnews.com
Walmart’s majority-owned fintech startup OnePay said Monday it was launching a pair of credit cards with a bank partner for customers of the world’s biggest retailer. OnePay is partnering with Synchrony, a major behind-the-scenes player in retail cards, which will issue the cards and handle underwriting decisions starting in the…
Chipotle Mexican Grill is hoping that Americans’ love for ranch will boost its sales. On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has transcended salads to adorn pizza, chicken wings and chips. The menu item is Chipotle’s first new dip…
LONDON — Wherever Nvidia CEO Jensen Huang goes, excitement follows — this time, all the way to London Tech Week. The Nvidia boss — whom Wedbush analyst Daniel Ives dubs the “godfather of AI” — is more like a rockstar these days, given his wide-spanning effect on the AI industry.…
Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program. The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions…
There are a few very different setups unfolding this week that are worth a closer look: two software-related names that are struggling to reclaim their winning ways, plus one lovable and reliable stock wagging its tail in the spotlight. Let’s break it down. Adobe (ADBE): Mind the Gaps Adobe Systems,…
Sector Rotation: A Week of Stability Amidst Market Dynamics Last week presented an intriguing scenario in our sector rotation portfolio. For the first time in recent memory, we witnessed complete stability across all sector positions — no changes whatsoever in the rankings. (1) Industrials – (XLI) (2) Utilities – (XLU)…
NEWYou can now listen to Fox News articles! The Social Security Administration (SSA) just announced a major update. Starting this summer, Americans with a ‘My Social Security’ account will be able to access their digital Social Security number (SSN) online. The goal is to simplify access, reduce paper card replacements and…
NEWYou can now listen to Fox News articles! The ‘Big, Beautiful Bill’ may face major changes when the Senate begins debate next week. Look for Senate Republicans to pare down state and local tax deductions—known as SALT—which are important to House Republicans from California and New York. Almost no Senate…