Tungsten-Supplier Elmet Stock Rallies on Defense Funding – Here’s Why

The Elmet Group Co. (NASDAQ:ELMT) shares went up almost 48% during Monday’s premarket session. The company disclosed its plans to use part of the $450 million committed investment from the United States Department of Defense to boost tungsten supply chain and expand U.S. manufacturing units. Under the agreement, the funding will begin with a $200 […]

AI Demand Keeps Breaking Records at Taiwan Semiconductor

Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:TSM) said Thursday that August revenue jumped more than 53% from a year earlier, hitting a record monthly high as booming artificial intelligence demand continued to fuel growth. AI Demand Drives Record August Revenue Taiwan Semiconductor reported consolidated August revenue of about 514.81 billion New Taiwan dollars, up 53.3% year […]

From Burritos to Bulk Groceries: Uber Scales Delivery Reach with ShopRite Partner

Uber Technologies, Inc. (NYSE:UBER) announced Wednesday that it is expanding its grocery delivery footprint by adding more than 375 Wakefern Food Corp. supermarket locations to Uber Eats, strengthening its reach across the Northeast and giving customers more options for everyday purchases. Uber Adds More Than 375 Supermarkets Customers can now order from Wakefern banners including […]

Lucid Stock in Focus Friday Following Major NHTSA Recall Announcement

Shares of Lucid Group Inc. (NASDAQ:LCID) are trading flat Friday morning as investors process a major vehicle recall. Here’s what investors need to know. Lucid Group stock is trading at depressed levels. What’s next for LCID stock? NHTSA Announces Recall Of Over 27,000 Lucid Air Vehicles Over Fire Risk Early activity on Friday is centered […]

Trump’s Solar Tariffs Could Spark The Next Intel-Style Government Deal: 2 Stocks To Watch

The Donald Trump administration’s recent Section 232 tariffs on polysilicon imports could pave the way for direct government equity stakes in the domestic solar supply chain. Retail investors are watching First Solar Inc. (NASDAQ:FSLR) and Corning Inc. (NYSE:GLW) closely as industry experts suggest the federal government is actively utilizing its Intel Corp. (NASDAQ:INTC) “style” equity […]

Tech talk

Uber Secures $5B Revolving Credit Facility: Teams Up With?

September 27, 2024

On Friday, Uber Technologies, Inc. (NYSE:UBER) announced it has partnered with Spirit Halloween to enhance its on-demand delivery services. The Spirit Halloween catalog will be accessible on Uber at the same in-store prices. Uber One members will get a $0 delivery fee and a 5% discount on Spirit Halloween orders over $35. Additionally, all consumers […]
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