By Scott DiSavino June 30 (Reuters) – Oil prices were little changed on Tuesday but were headed for their biggest monthly and quarterly losses since the COVID-19 pandemic in early 2020, with investors eyeing potential U.S.-Iran talks in Doha amid a strained interim ceasefire in the four-month-long war. Brent futures fell 13 cents, or 0.2%,…
Strategy’s (NASDAQ: $MSTR) stock is headed for its eleventh consecutive month of losses as the price of Bitcoin (CRYPTO: $BTC) continues to decline. Heading into June 30, Strategy’s stock is down 44% on the month, its worst performance since 2022. In the last 12 months, MSTR stock has fallen 79% to trade at $84.32 U.S….
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk was thinking about rockets. Justine Musk was thinking about whether her parents’ basement had room for five kids. In her 2017 TEDxUIUC talk, “Visionaries Are People Who Can See in the Dark,” Elon’s first wife recalled…
Joby Aviation and Toyota Motor Corporation announced a joint venture on Monday to manufacture electric air taxis, combining Joby’s work in electric aviation with Toyota’s expertise in production systems. The new entity, called the Joby Toyota Aero Manufacturing Preparation Company, or JTAMPC, will focus on establishing the groundwork for commercial production and advancing manufacturing quality…
As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in the biggest slump in a quarter since the pandemic-driven crash in prices. In the first quarter of 2020, Brent…
Chinalco (Xiong’an) Mining, a subsidiary of the Aluminum Corporation of China, has agreed to acquire a 95% stake in the Opuwo Cobalt-Copper Project in Namibia from Celsius Resources for $15m (101.88m yuan). The transaction follows the execution of a binding share sale agreement between the two parties. The Opuwo Project in the Kunene Region of…
Dubai and other Middle Eastern countries are bracing for an influx of cryptocurrency firms as new rules drive companies out of the European Union (EU). Crypto companies are reportedly heading for Dubai and the United Arab Emirates (U.A.E.) as the European Union’s Markets in Crypto-Assets regulation (MiCA) comes into force on July 1. The new…
The effort to sell Atom Bank is close to being abandoned after the process failed to produce offers matching the £600m valuation sought by its shareholders, reported The Financial Times. Sources told the publication that investors in the Newcastle lender, among them BBVA of Spain and asset manager Toscafund, are weighing whether to stop the…
UK firms supporting people to buy, trade and hold crypto must now meet clear standards under landmark rules set out by the FCA. All firms must meet financial resilience requirements including capital and stress testing. The FCA is also introducing new market integrity rules covering areas such as insider trading and market manipulation. The new…
Hormel Foods is to offload its business in Brazil to domestic food producer Zanchetta Alimentos as the US group looks to “simplify and streamline its portfolio”. Zanchetta Alimentos is acquiring a business operating under the Ceratti brand and which includes production. The financial terms of the deal were not disclosed. In a brief statement yesterday…
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