Just a few days back during her presidential campaign stop in Pittsburgh, Pennsylvania, Vice President Kamala Harris made it clear where she stands on Nippon’s acquisition of US Steel (X). Nippon Steel agreed to purchase US Steel back in December of 2023 for a price of $14.9 billion. But, Joe Biden - president at [...]
Albemarle (ALB) dropped more than 3% to start Wednesday’s trading session after announcing its efforts to cut costs in response to plummeting lithium prices. Shares have since recovered and are now down just over 1%. The American chemicals manufacturing company is on a mission to lower its costs by nearly $100 million annually, and [...]
By Leslie N. Masonson, MBA Oil-Dri Corp. (ODC), is a NYSE-listed firm that was incorporated in 1941, and is headquartered in Chicago, IL. The company employs 869 individuals. There are 5 million shares outstanding. Revenues totaled $399 million, and ODC’s market cap is $ 342 million. The company develops, manufactures and sells inert [...]
Word broke on Monday morning that the Metals Company (TMC) has been approved to raise gross proceeds of as little as $27 million or up to $38 million through a registered direct offering. The company specializes in deep-sea floor mining, pulling low-impact battery metals from seafloor polymetallic nodules. And after struggling to retain its [...]
Shares of U.S. Steel (X) have skyrocketed more than 30% so far in Monday morning’s trading session. The company just turned down a whopping $7.3 billion offer to acquire the company from Cleveland-Cliffs. This deal would have had incredible implications for the steel industry as a whole - but for now, it’s business as [...]
The Metal Company (TMC) has climbed 160% in the last three months and is already up another 15% so far today in Friday morning’s trading session. But, after a period of sustained growth, the stock dipped hard this week - falling more than 30%. What’s causing the volatility with this stock - and what [...]
