MP Materials Corp. (NYSE:MP), a leader in metal mining with a market capitalization of $3.01 billion, announced on Monday that it has successfully negotiated an exchange of its green convertible senior notes due in 2026 for new convertible senior notes maturing in 2030. According to InvestingPro data, the company operates with a moderate debt level, maintaining a healthy debt-to-equity ratio of 0.89. This strategic move, involving a private transaction exempt from registration under the Securities Act of 1933, has allowed the company to extend its debt maturity profile and reduce its total outstanding indebtedness by approximately $27 million. The company…
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Investing.com — European markets traded in mixed fashion on Wednesday as investors await key developments from the U.S. Federal Reserve. As of 3:13 ET (8:13 GMT), index was down 0.1%, 40 remained unchanged, and the U.K.’s edged 0.2% higher. The Fed is widely expected to announce a 0.25% interest rate cut, additionally, market participants are keenly monitoring the Summary of Economic Projections and Fed Chair Jerome Powell’s remarks for signals about the direction of monetary policy in the coming months. U.K. inflation dampens rate cut hopes Annual inflation in the U.K. rose to 2.6% in November, up from 2.3% in…
The holidays have come early for a couple of this year’s most-watched technology companies. I’m talking about Palantir Technologies (PLTR -1.80%) and MicroStrategy (MSTR -5.41%), software players that have soared more than 300% and 500%, respectively, this year. The Nasdaq-100, an index of the top 100 nonfinancial stocks trading on the Nasdaq Stock Market, invited the two companies to join as of Dec. 23. That’s fantastic news for Palantir and MicroStrategy and their investors for a couple of reasons. First, funds that track the Nasdaq-100 have to buy shares of these companies so they can continue accurately tracking the index.…
By Andrew Osborn and Dmitry Antonov MOSCOW (Reuters) – Russia said on Wednesday it had detained an Uzbek man who had confessed to planting and detonating a bomb which killed a top general, Igor Kirillov, in Moscow on the instructions of Ukraine’s SBU security service. Kirillov, who was chief of Russia’s Nuclear, Biological and Chemical Protection Troops, was killed outside his apartment building on Tuesday along with his assistant when a bomb hidden in an electric scooter went off. He is the most senior Russian military officer to be assassinated in Russia by Ukraine. Ukraine’s SBU intelligence service took responsibility…
New Delhi: Private sector lender Axis Bank has announced a host of changes in the terms and conditions of its credit cards that will kick in from 20 December 2024. Here are the details regarding Axis Bank Credit Card Rules Changing From 20 December 1. Finance/Interest charges Finance/Interest charges applicable on your credit card will be levied at a revised interest rate of 3.75% per month, from the current rate of 3.6% per month. This change will be effective 20th Dec 2024. This change will be applicable on all Axis Bank retail credit cards, except the cards mentioned below, for…
Here is what you need to know on Wednesday, December 18: Financial markets remain quiet midweek as investors stay on the sidelines while getting ready for the Federal Reserve (Fed) to announce its monetary policy decisions following the last meeting of the year. During the European trading hours, Eurostat will release revisions to Harmonized Index of Consumer Prices (HICP) readings for November. Ahead of the Fed decision, November Housing Starts and Building Permits data will be featured in the US economic docket. US Dollar PRICE Last 7 days The table below shows the percentage change of US Dollar (USD) against…
By Anna Tong (Reuters) – Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday. The round was led by Khosla Ventures. Other investors included NFDG, the AI-focused fund run by former GitHub CEO Nat Friedman and former Apple executive Daniel Gross, OpenAI board members Larry Summers and Adam D’Angelo, and Google’s chief scientist Jeff Dean. New York-based Basis is part of a category of AI startups creating autonomous agents, or systems that use AI to perform actions on their own. Executives in the field…
Image source: Getty Images The US might have a monopoly on artificial intelligence (AI) but there are still a few FTSE 100 shares that could benefit. Sure, the British aren’t big on building semiconductor chips or developing generative AI tools. Yet local businesses are finding ways to harness the groundbreaking tech in powerful ways. By integrating advanced AI solutions into their day-to-day operations, UK companies are beginning to discover the true potential it has to offer. So here are a few worth considering. Sage One of the leading AI-driven growth companies in the UK is Sage (LSE: SGE). Many people will…
The European Union’s compliance and voluntary carbon markets, as they currently stand, cannot sustainably fund carbon-removal technologies. But policymakers can use regulation, such as requiring firms to purchase negative emissions credits, to promote investment and deployment of this green solution across the bloc. BERLIN/PARIS – The European Union has committed to achieving net-zero greenhouse-gas (GHG) emissions by 2050, and there are strong signals that EU policymakers will approve a new target to reduce emissions by 90% by 2040. The science is clear on what must be done to limit global warming to 1.5º Celsius above preindustrial levels: rapid and dramatic…
Investing.com — UBS strategists expect to build on its gains heading into 2025. The bullion has remained steady around $2,650/oz this week, constrained by the strength of the US dollar, rising US Treasury yields, and improved risk appetite for US equities. Gold rose 28% since the start of the year, outperforming the equity index. In a note published Wednesday, UBS strategists highlighted several catalysts expected to continue driving upside in gold prices next year. Among those are central banks’ accumulation of gold, which UBS believes will continue in 2025 as part of their diversification strategies. Data from the International Monetary…