Jan 9 (Reuters) - Alcoa Corp said on Monday a production unit has been taken offline at its partially owned Kwinana alumina refinery in Western Australia as a result of gas supply shortages.
The refinery, owned by Alcoa and Australia-listed Alumina Ltd in a joint venture, will see a 30% reduction in production, the firm said. (Reporting by Harshita Swaminathan; Editing by Sherry Jacob-Phillips)
Stephen Schwartzman, worth $42 billion and at the head of a firm managing almost $1 trillion, says social media is what doomed the bank.
GSK plc (NYSE: GSK) and Scynexis Inc (NASDAQ: SCYX) have entered into an exclusive license agreement for Brexafemme (ibrexafungerp tablets). The FDA approved the antifungal for vulvovaginal candidiasis (VVC) and reduced the incidence of recurrent VVC (RVVC). This exclusive agreement gives GSK rights to commercialize Brexafemme for VVC and RVVC while continuing to develop ibrexafungerp, which is in phase 3 trials for potentially treating invasive candidiasis (IC), which affects the blood or inter
Investors looking for alpha in an uncertain market environment could do worse than following in the footsteps of legendary stock pickers and probably none can match Warren Buffet’s reputation. Not for nothing the “Oracle of Omaha” is considered one of the all-time greats and for nearly 60 years, between 1965 and 2022, his Berkshire Hathaway firm’s returns have doubled those of the S&P 500. So, it’s definitely worth nosing through Buffett’s portfolio to see which stocks he currently holds. And wh
The Oracle of Omaha never saw a future in cryptocurrency.
The Nasdaq topped 12,000 as the market rallied ahead of the PCE inflation report. The IRS will likely cut EV credits for Tesla's entry-level Model 3.
Here are some of today's after-hours movers.
My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
For most people, it will be little or no problem to retire at age 65 if they have $2.5 million in savings. This amount of capital invested prudently is likely to provide sufficient income for a lifestyle comfortable enough to … Continue reading → The post Is $2.5 Million Enough to Retire at 65? appeared first on SmartAsset Blog.
The firm said it was relocating “immediately” from Washington after the state’s supreme court cleared the way for a capital gains tax on individuals.
97% of companies think spying on their remote workers makes them more productive. But many employees end up getting fired for it—or quitting.
'The benefits are great on paper, but often don’t exist in reality due to inconsistent scheduling.'
Rich Day Company co-founder Robert Kiyosaki dissects why he foresees the Bank of Japan collapsing and the potential implications it could have on the global economy.
A Citigroup preferred stock yields about 10%, an unusually good deal. Bank regulations passed in the wake of the financial crisis disallowed trust preferred as a component of Tier 1 bank capital but grandfathered the Citigroup issue. This gives Citigroup an incentive to keep the preferred outstanding.
(Bloomberg) -- Global credit investors are jumping back into bank bonds following a sector-wide rout — though concerns about additional tier 1 debt remain.Most Read from BloombergTrump Is Indicted in New York Over Stormy Daniels Hush-Money Payments$52 Billion Chipmaking Plan Is Racing Toward FailureNew Yorkers Are Moving to These Three Florida Cities$335,000 Pay for ‘AI Whisperer’ Jobs Appears in Red-Hot MarketA $3 Trillion Threat to Global Financial Markets Looms in JapanMoney managers from T.
According to the average brokerage recommendation (ABR), one should invest in Devon Energy (DVN). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
T. Rowe Price fixed-income manager Cheryl Mickel identifies the best spots to park short-term cash, how to navigate the banking sector, and where the Federal Reserve may be going next.
The semiconductor maker brings forward timelines for production of next-generation data-center chips.
It’s been a good week for investors of Pyxis Oncology (NASDAQ:PYXS), to say the least. Over the past 4 sessions Pyxis shares have gained 170%, bringing the year-to-date haul to a mighty 340%. This biotech micro-cap is backed by Pfizer, which is largely responsible for the recent rally. According to a recent SEC filing, the pharma giant loaded up on 1,811,594 PYXS shares earlier this month for a total sum of $5 million, paying $2.76 per share. This raised Pfizer’s ownership in Pyxis to 5,952,263
Lately, it’s been difficult to remain fully invested in real estate investment trusts (REITs) when so many high-yielding REITs have had their share prices decimated over the past two months or longer. Among the 104 REITs whose dividend yields are 6% or higher, only one — Broadmark Realty Capital Inc. (NYSE: BRMK) — has had a positive return over the past four weeks, and that’s because it was acquired by Ready Capital Corp. (NYSE: RC). Of the 104 REITs with 6% or higher dividends, 30 have lost be
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