USA Rare Earth Inc. (NASDAQ: USAR) soared over 20% this morning after Barbara Humpton, its chief executive, said the mining firm is in “close communication” with the Trump administration Investors are reading it as a sign that the Oklahoma-headquartered company – which aims to build a domestic supply chain for critical minerals – could be
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24On Friday, Europe saw developments across geopolitics and financial markets, with an update from the unfortunate attack in Manchester on Thursday. A deadly attack at a Manchester synagogue, activity in the European stock markets, and updates on EU sanctions against Russia dominated headlines. Manchester synagogue attack and police response In a tragic incident during Yom
27Applied Materials, one of the world’s largest suppliers of semiconductor manufacturing equipment, is bracing for a significant financial setback as new US export restrictions tighten the flow of chipmaking tools to China. The company disclosed in a filing Thursday that the rules could reduce its revenue by $710 million over the next two years, adding
19The United States closed the week with a mix of geopolitical tension, domestic political gridlock, and significant corporate developments. President Donald Trump issued a deadline for Hamas to accept a peace proposal, while Washington’s budget impasse extended the government shutdown. Meanwhile, Berkshire Hathaway restructured its leadership, Nissan announced a major recall, and the Federal Reserve
20Japanese shares are expected to continue setting new records after fiscal dove Sanae Takaichi won the leadership of the ruling Liberal Democratic Party (LDP) this Saturday and positioned herself to become Japan’s next prime minister, but the yen and government bonds remain under pressure. Takaichi, 64, was one of five candidates vying to succeed hawkish
20A high-stakes and deeply divided debate has erupted at the highest levels of the auto industry, as two of its most influential figures offer starkly opposing visions for the future of the electric vehicle market in a world without subsidies. The fierce war of words, sparked by the recent death of the $7,500 federal tax
27Top Republican officials appear to be at odds with each other over how to portray the fallout from the ongoing government shutdown. Senate Democrats are still refusing to budge from their demands for Obamacare subsidy extensions to be included in a short-term federal funding bill, so it is likely the government will stay shut down
28White House press secretary Karoline Leavitt was pressed about President Donald Trump seemingly changing his campaign position on Project 2025 amid the government shutdown Friday. ‘During the campaign, President Trump said that he did not know anything about Project 2025. Now, he knows about it. Is that the blueprint for shrinking the government?’ Fox News
18A Senate Republican has a list of more than a ‘trillion dollars worth of ideas ripe for a trim’ as the federal government shutdown continues. Office of Management and Budget Director Russ Vought has so far announced his plans to withhold nearly $30 billion in federal funding to blue states and cities, while Senate Democrats
18Speaker Mike Johnson, R-La., is sending a pointed signal to Senate Minority Leader Chuck Schumer, D-N.Y., as the 2025 government shutdown is poised to enter a second week. The leader of the House of Representatives canceled chamber activities for next week, effectively directing lawmakers to remain in their home districts until at least Oct. 14.
