Funding & Business
Lithium Stocks Jump After CATL Suspends Operations at China Mine
Shares of Australian-listed lithium miners jumped early on Monday, after a major Chinese mine owned by Contemporary Amperex Technology Co. Ltd. suspended production, spurring hopes of wider output curbs as Beijing cracks down on overcapacity across the economy.
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A Texas agency overseeing 13 million acres of state land is warning that toxic waste fluid from shale drilling threatens to contaminate oil wells in North America’s most prolific crude basin.
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Andrew Hollenhorst, chief economist at Citi, explains why “it would make all the sense in the world” for the Federal Reserve to cut interest rates in September and examines weakness in the US labor market.
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Paramount has acquired the exclusive rights to show all events from the Ultimate Fighting Championship in the US over the next seven years, the companies announced Monday, a $7.7 billion deal designed to boost the Paramount+ streaming service.
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