Index Investing News
Tuesday, May 20, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Wall Avenue Breakfast Podcast: Aramco To Guess On Lithium

by Index Investing News
January 15, 2025
in Stocks
Reading Time: 4 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


Just_Super

Hear beneath or on the go on Apple Podcasts and Spotify

Saudi Aramco (ARMCO) to spice up lithium investments to construct its personal provide chain – report. (00:24) Elon Musk sued by SEC over delayed disclosures of Twitter inventory purchases. (01:28) IonQ ends greater as firm, Maryland unveil $1B quantum initiative. (03:10)

That is an abridged transcript.

Saudi Aramco (ARMCO) is planning to spice up investments in lithium manufacturing.

The Monetary Occasions reported, citing three individuals near the corporate, that the world’s greatest oil firm eyes growing its personal provide chain for the steel that powers electrical car batteries.

The announcement, anticipated right now, comes as Saudi Arabia goals to construct services for processing lithium commercially in 3-5 years, with plans for refining and exports.

“Saudi Arabia could be very effectively positioned in processing due to the combination that we now have, ranging from vitality competitiveness, nice infrastructure by way of industrial cities and ports,” Bandar Alkhorayef, the nation’s trade and mineral sources minister, instructed FT.

Saudi Arabia’s Imaginative and prescient 2030 program contains unlocking about $1.3T in mineral sources and a deal with EVs to diversify its financial system from oil to different sectors.

The nation is constructing an EV manufacturing hub aiming for 30% of all vehicles in Riyadh to be electrical by 2030. Lucid Motors (LCID), majority owned by sovereign wealth fund Public Funding Fund, has been assembling vehicles in Saudi Arabia since 2023. PIF can be launching its personal EV model known as Ceer.

The SEC is suing Elon Musk over allegations that he did not disclose vital purchases of Twitter inventory in 2022 within the required time interval.

The company’s lawsuit states that consequently, “Musk [was able] to proceed buying shares at artificially low costs, permitting him to underpay by at the least $150 million for shares he bought after his useful possession report was due.”

Musk started buying a major variety of shares in early 2022, and by March of that yr, he had a useful possession of greater than 5%. Securities legal guidelines mandate that after surpassing the 5% threshold, buyers are required to file a useful proprietor report with the SEC.

The lawsuit, filed in D.C. federal court docket, claims that whereas Musk wanted to file by March 22, 2022, he didn’t accomplish that till April 4, 2022. At market shut on that day, Twitter’s inventory worth elevated 27% in comparison with the prior day’s shut.

The SEC alleges that between March 22 and April 4, Musk bought greater than $500M in further Twitter shares.

Musk initiated his acquisition of Twitter, now generally known as X, on April 14, 2022. On Oct. 27, 2022, the $44B deal was full.

In a press release supplied to The New York Occasions, Musk lawyer Alex Spiro mentioned, “Immediately’s motion is an admission by the SEC that they can not deliver an precise case, as a result of Mr. Musk has achieved nothing unsuitable and everybody sees this sham for what it’s.”

IonQ (NYSE:IONQ) ended almost 6% greater on Tuesday after the corporate and the state of Maryland unveiled a $1B initiative to make the state the house of quantum computing.

As a part of the announcement, IonQ mentioned it’ll enlarge its headquarters right into a 100,000 sq. foot facility, with an information heart, laboratories and workplace house on the College of Maryland.

The corporate additionally plans to double the variety of workers at its headquarters to at the least 250 individuals within the Maryland area over the following 5 years, as soon as the deal has been accepted by the Maryland legislature.

What’s Trending on Searching for Alpha:

Mastercard reaches $26M settlement in a lawsuit alleging equal pay guidelines violation

Banks to kick off This fall earnings on Wednesday — here is what to anticipate

Trump to create Exterior Income Service for international income assortment

Catalyst watch:

  • Earnings watch – Notable corporations as a consequence of report embody JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK), Citigroup (C), Goldman Sachs (GS), Kinder Morgan (KMI) and Financial institution of New York Mellon (BK).

Now let’s check out the markets forward of the opening bell. Dow, S&P and Nasdaq futures are within the inexperienced. Crude oil is down 0.2% at $77/barrel. Bitcoin is up 0.4% at $97,000.

On the planet markets, the FTSE 100 is up 0.7% and the DAX is up 0.4%.

The most important movers for the day premarket: KULR Know-how (NYSE:KULR) shares prolonged their good points by 5% in premarket buying and selling, constructing on a 5% enhance within the earlier session following the announcement of a multimillion-dollar licensing settlement with a brand new know-how companion in Japan.

On right now’s financial calendar:

  • 8:30 am Client Worth Index From a month earlier, headline CPI is predicted to carry regular at 0.3% in December. That interprets to a 2.9% Y/Y rise in December, effectively above the Fed’s 2% goal and accelerating from November’s 2.7% enhance. Stripping out meals and vitality costs, core CPI is anticipated to stay unchanged at 3.3%. On a M/M foundation, the core measure is seen edging right down to 0.2% from 0.3%.

  • 2:00 pm Fed’s Beige Guide



Source link

Tags: AramcobetBreakfastLithiumPodcastStreetwall
ShareTweetShareShare
Previous Post

BK Earnings: Financial institution of New York Mellon This fall 2024 earnings rise, beat estimates

Next Post

World Financial institution approves 10-year $20bn Pakistan lending package deal

Related Posts

VUG: Massive Cap Development Can Hit New Highs In 2025 With Extra Upside Forward (NYSEARCA:VUG)

VUG: Massive Cap Development Can Hit New Highs In 2025 With Extra Upside Forward (NYSEARCA:VUG)

by Index Investing News
May 20, 2025
0

This text was written byComply withKomal is keen about finance and the inventory market. She enjoys forecasting future market traits...

Janus Henderson Concentrated All Cap Development Managed Account Q1 2025 Commentary

Janus Henderson Concentrated All Cap Development Managed Account Q1 2025 Commentary

by Index Investing News
May 20, 2025
0

This text was written byObserveJanus Henderson Buyers exists to assist purchasers obtain their long-term monetary objectives. Fashioned in 2017 from...

Is Achievable Good for Collection 7? A Evaluate of the Worth and Worth

Is Achievable Good for Collection 7? A Evaluate of the Worth and Worth

by Index Investing News
May 20, 2025
0

Getting ready for the FINRA Collection 7 examination isn't any small feat. This licensing check is understood for its depth,...

Is Achievable Good for SIE? A Assessment of Its Effectiveness and Price

Is Achievable Good for SIE? A Assessment of Its Effectiveness and Price

by Index Investing News
May 20, 2025
0

For those who’re gearing as much as take the Securities Trade Necessities (SIE) examination, you’ve most likely come throughout Achievable...

Alpha Cognition: Launching Into A Giant Alzheimer’s Market Alternative

Alpha Cognition: Launching Into A Giant Alzheimer’s Market Alternative

by Index Investing News
May 19, 2025
0

This text was written byObserveFairness analysis primarily targeted on micro/small/mid-cap biotechnology. We observe firms with mechanistically differentiated approaches to giant market...

Next Post
World Financial institution approves 10-year bn Pakistan lending package deal

World Financial institution approves 10-year $20bn Pakistan lending package deal

What Lies Beneath a Buyout: The Complicated Mechanics of Non-public Fairness Offers

What Lies Beneath a Buyout: The Complicated Mechanics of Non-public Fairness Offers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Albany lawmakers’ pay-raise chutzpah

Albany lawmakers’ pay-raise chutzpah

December 10, 2022
Omicron COVID boosters (almost) cleared for kids as young as 5 years old

Omicron COVID boosters (almost) cleared for kids as young as 5 years old

October 12, 2022
ChatGPT and Large Language Models: Syntax and Semantics

ChatGPT and Large Language Models: Syntax and Semantics

September 25, 2023
The place It’s Streaming – Hollywood Life

The place It’s Streaming – Hollywood Life

February 16, 2025
In Future Wars, Drone Weapons With Minds of Their Own

In Future Wars, Drone Weapons With Minds of Their Own

April 16, 2024
Less than 5% of housing is accessible to older, disabled Americans

Less than 5% of housing is accessible to older, disabled Americans

July 23, 2023
KW Command®: New Enhancements Elevate the Final Actual Property CRM for Brokers and Groups

KW Command®: New Enhancements Elevate the Final Actual Property CRM for Brokers and Groups

February 15, 2025
0G introduces first decentralized AI working system

0G introduces first decentralized AI working system

October 5, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In