China plans to restrict exports of a critical metal. But the market isn’t that worried

Key Points

China will start limiting exports of critical metal tungsten this weekend, just as alternatives to Chinese suppliers of the metal are reopening.
Tungsten is an extremely hard metal used in weapons and semiconductors.
The U.S. has not commercially mined tungsten since 2015, according to official records. But this year, one of the world’s largest mines for the metal is moving close to resuming production in South Korea.

Source

Finance

Stocks making the biggest moves premarket: Uber, Celsius Holdings, Adobe, Chewy and more

December 12, 2024

Check out the companies making headlines before the bell. Constellation Energy — The energy stock added 2% following an upgrade to buy from neutral at Bank of America. Analyst Ross Fowler said that the company was in the best position to benefit from upcoming regulatory clarity coupled with increasing demand and tightening supply. This potential […]

Finance

CFPB announces rule limiting bank overdraft fees

December 12, 2024

Key Points The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually. The CFPB said that its overdraft rule will take effect Oct. 1, 2025, though its ultimate fate is unclear. Source

Finance

Stocks making the biggest moves midday: Broadcom, GE Vernova, Stitch Fix, GameStop and more

December 11, 2024

Check out the companies making headlines in midday trading: Broadcom — Shares added 5% following a report from The Information that the semiconductor manufacturer was assisting Apple in creating an artificial intelligence chip. Shares of Apple traded less than 1% higher. C3.ai — The enterprise artificial intelligence software company shed 7.2% following a downgrade to […]