The rise of Albemarle, the world’s largest lithium producer
Demand for lithium, a key component for electric vehicle batteries, is expected to surge, from 500,000 metric tons of lithium carbonate in 2021 to three to four million metric tons…
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Economy
Strong US Jobs Report Cheers Biden, Raises Questions for Fed
The labor market in the United States continued to defy expectations in May, adding 339,000 new jobs. The figure was far above what economists had expected and signals that…
Stocks making the biggest moves midday: Lululemon, SentinelOne, T-Mobile, MongoDB and more
A boarded up T-Mobile location in New York, after looting occurred the previous night, June 2, 2020.Dan Magan | CNBCCheck out the companies making headlines in midday…
Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks.UBS is no stranger to blockbuster mergers. The modern company is comprised…
Biden to Deliver Remarks on US Avoiding Default
White House —
President Joe Biden is set to sign the Fiscal Responsibility Act, legislation that suspends the U.S. government’s debt limit through January 2025 and avoids a…
US Employers Added 339,000 Jobs in May as Labor Market Stays Durable
WASHINGTON —
The nation's employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal…
Here’s where the jobs are for May 2023 — in one chart
A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022.Olivier Douliery | AFP | Getty ImagesThe U.S. payrolls report for May blew past expectations, supported by…
Payrolls rose 339,000 in May, much better than expected in resilient labor market
The U.S. economy continued to crank out jobs in May, with nonfarm payrolls surging more than expected despite multiple headwinds, the Labor Department reported Friday.Payrolls in…
US Senate Now Considering House-Approved Debt Ceiling Deal
The U.S. Senate could vote as soon as Thursday on a measure to suspend the government’s borrowing limit until early 2025 to avert a first-ever default when the United States in…
Here’s what to watch out for in Friday’s jobs report for May
Construction workers on a job site on May 05, 2023 in Miami, Florida.Joe Raedle | Getty ImagesWatching the monthly jobs reports this year has been something of a waiting exercise,…