The latest earnings from copper, gold, and molybdenum miner Freeport-McMoRan (NYSE: FCX) highlight the ongoing debate around the stock and the copper mining sector. In truth, the miner's share price will always be a function of the price of copper, but that's no bad thing.
Police say they are reviewing "information" about Conservative MP Mark Menzies after Labour asked for an investigation into claims he misused party funds. Labour Party chair Anneliese Dodds wrote to Lancashire Police asking for an inquiry after The Times reported he had made a late-night phone call to an aide asking for funds to pay off "bad people". Mr Menzies told the paper he contests the allegations against him.
U.S. banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday. Six agencies, including the Federal Deposit Insurance Corp (FDIC) and the Office of the Comptroller of the Currency (OCC), are involved in developing the plan, the report said, adding that the measure could be proposed in the coming days. The Federal Reserve is not involved in drafting the proposal, the report said.
Alphabet Inc's Google on Friday said it will roll back requirements that U.S. suppliers and staffing firms pay their employees at least $15 an hour and provide health insurance and other benefits, a move that could allow the tech giant to avoid bargaining with unions. The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters. "These updates bring us in line with other large companies and simply clarify that Google is not, and has never been, the employer of our suppliers’ employees," the spokesperson said.
STORY: Tesla is recalling close to 4,000 of its Cybertrucks to fix an accelerator pedal that can get stuck, increasing the risk of a crash. That's according to a safety recall notice on Friday from the U.S. National Highway Traffic Safety Administration.The auto safety regulator said Tesla will replace or repair the accelerator pedal assembly at no charge and owners will be notified through letters mailed to them in June.Tesla started deliveries of its electric pickup truck late last year, after a two-year delay due to production problems and battery-supply constraints.Friday's recall announcement marks the latest setback for the electric car maker.In the first quarter of 2024, Tesla had three recalls affecting about 2.4 million vehicles, according to a report by recall management firm BizzyCar.However, most issues related to Tesla recalls are usually resolved through over-the-air software updates.Shares of Tesla were lower in midday trading Friday, adding to the stock's five-day losing streak.
As tensions in the Middle East escalate, investors are reevaluating their portfolio allocations to offset any geopolitical risks. Brandywine Global Portfolio Manager John McClain joins the discussion to provide insights on navigating this environment while crude oil prices (CL=F, BZ=F) are also slowly ticking up Friday. McClain highlights three key factors that investors should consider from a "macro perspective." Firstly, he sees "a lot of upside potential" for oil prices, driven by a supply-demand dynamic. Secondly, McClain emphasizes the importance of interest rates, calling the US Treasury market "a safe haven," although he cautioned that investors "have to be careful" with their positioning along the yield curve. Lastly, he highlights the "US exceptionalism" in the foreign exchange (FX) market with the US dollar benefiting from being "the only place to go for AI." When it comes to portfolio construction, McClain advises investors to focus on "what industries are driving" the particular region they are invested in. He underscores the crucial role played by central banks and their monetary policies, which can significantly impact portfolio performance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
Amazon MGM just set a March 20, 2026 release date for Project Hail Mary, an adaptation of the Andy Weir novel. The film stars Ryan Gosling and is directed by Phil Lord and Christopher Miller.
Powassan town council plans to revisit a request from the local library board to raise its budget by 26 per cent this year. Council first rejected the proposal from the Powassan District Union Public Library at its April 2nd meeting and countered with a seven percent increase. However, following a presentation from the library board members and its CEO at the April 16th meeting, Mayor Peter McIsaac said despite the council already setting its budget, “we’re going to bring the library portion bac
Polish police have arrested a man suspected of aiding a Russian plot to assassinate Volodymyr Zelensky, targeting an airport the Ukrainian leader uses for overseas travel.
A New York state agency on Friday said it had failed to reach final contract agreements with the developers of three major offshore wind projects, blaming a decision by General Electric Vernova to scrap plans for a new turbine. The projects affected include Attentive Energy One, being developed by TotalEnergies, Rise Light & Power and Corio Generation, Community Offshore Wind, backed by RWE and National Grid Ventures, the New York State Energy Research and Development Authority said in a statement. Excelsior Wind, being developed by Vineyard Offshore, is also affected, it said.
CALGARY — Winning more games and the construction of a new arena will convince more NHL players that Calgary is a desirable place to play, some Flames say as they head for the exits. Calgary finished 17 points out of a playoff spot this season with a record of 38-39-5, and missed the post-season a second straight year. A slow start to the season combined with big-name pending free agents not signing contract extensions produced midseason lineup changes that hampered the club's progress. Other pl
Gold and oil prices jumped following Israel's apparent retaliation against Iran before paring gains, while stock markets look set to open lower.
Receiver Eugene Lewis can't wait to start earning quarterback McLeod Bethel-Thompson's trust. The signing of Bethel-Thompson, a two-time Grey Cup champion, was Edmonton's biggest off-season move. The Elks have finished last in the West Division three consecutive years. CFL training camps open next month. "I know what a great quarterback can do," Lewis said. "Somebody with experience, somebody who's been through it and won championships and MBT has done that. "To have another guy like that, anoth
NEW YORK (AP) — A jury of 12 people and six alternates was seated on Friday in former President Donald Trump’s hush money criminal trial. The completion of the jury selection process tees up the first-ever criminal trial of a former U.S. president for opening statements and weeks of testimony in a case charging Trump with falsifying business records to suppress stories about his sex life emerging in the final days of the 2016 election. The jury includes a sales professional, a software engineer,
EastEnders star Balvinder Sopal has thanked colleagues for their support in the days following the death of her mother, Nirmal.
LONDON (AP) — What will it take to win the English Premier League with six games remaining? That's easy — perfection. Manchester City, Arsenal and Liverpool — all eliminated from their European competitions this week — are locked in a tight battle for the title. Defending champion City leads both rivals by two points but with Pep Guardiola's team playing an FA Cup semifinal against Chelsea on Saturday, Arsenal and Liverpool can gain ground. “If you want to be champion in the Premier League, you
Israel’s presumed counterstrike against Iran has proved Joe Biden and David Cameron wrong in their insistence that Israel should just “take the win”. Instead, it fought back – and yesterday Iran was trying to pretend that nothing had happened.
WASHINGTON (AP) — The man who will run United Nations climate talks this November views the negotiations as a key link in international efforts to curb global warming. The conference in Baku, Azerbaijan, must build on last year's successful agreement to transition away from fossil fuels, said Mukhtar Babayev, Azerbaijan's environment minister who will serve as conference president of the talks known as COP29 this fall. And this fall's meeting must help pave the way for countries to come together
Officers consider letter calling on them to investigate
Charities say high rates of people signed off work are caused by crumbling public services after years of underinvestment
Lancashire Police says it is in the ‘process of reviewing available information in more detail’
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