Shares of Rainbow Rare Earths have surged after the company announced it has entered an option agreement with TechMet. This agreement grants TechMet the right to invest $50 million in Rainbow's Phalaborwa rare earths project in South Africa. At 0825 GMT, shares were up 14% at 15.5 pence, an increase of 1.9 pence. According to Rainbow Rare Earths, this option agreement allows … [Read more...] about Rainbow Rare Earths Secures $50 Million Investment for Phalaborwa Project
Forex News
Upstart Holdings Shares Slide After Disappointing Q3 Results
AI Financial Technology Company Reports Loss and Lower Revenue Shares of Upstart Holdings, the AI financial technology company, dropped 23% in premarket trading following the release of their third-quarter financial results. The company, known for its machine learning approach to credit risk assessment, reported a loss of $40.3 million, or 48 cents a share, for the quarter … [Read more...] about Upstart Holdings Shares Slide After Disappointing Q3 Results
Ralph Lauren Corp. Reports Strong Q2 Performance
Ralph Lauren Corp.'s stock (RL) initially surged by approximately 5% before experiencing a slight decrease in early Wednesday trading following the release of its fiscal second-quarter results. The luxury apparel company exceeded expectations, delivering strong profits and revenue. Impressive Financial Results For the quarter ended September 30, Ralph Lauren Corp. reported net … [Read more...] about Ralph Lauren Corp. Reports Strong Q2 Performance
Federal Reserve Bank of Cleveland Begins Search for New President
The Federal Reserve Bank of Cleveland has announced that it is in the process of searching for a replacement for its current president, Loretta Mester, who is retiring due to reaching the mandatory retirement age. Mester, who became the 11th president and CEO of the Cleveland Fed in June 2014, will step down on June 30, 2024, in accordance with the Fed's age and length of … [Read more...] about Federal Reserve Bank of Cleveland Begins Search for New President
A Game-Changer in Obesity Treatment: The FDA Approves Eli Lilly’s Zepbound
The Food and Drug Administration (FDA) has granted approval for Eli Lilly's highly anticipated obesity treatment, marking a significant development in the pharmaceutical industry. As experts predict, this breakthrough medicine is expected to become one of the highest-grossing drugs in history. Zepbound: An Obesity Treatment with a Promising Future Previously known as Mounjaro … [Read more...] about A Game-Changer in Obesity Treatment: The FDA Approves Eli Lilly’s Zepbound
