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Service activity eased slightly to 60.8 in April

by Ron Morgan
Service activity eased slightly to 60.8 in April

Despite easing to 60.8 in April from 61.2 in the previous month, India’s service sector kept humming, recording one of the fastest growths in output in fourteen years, according to …

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Hong Kong-listed Chinese miner CMOC takes Glencore’s cobalt crown as output jumps 170% in 2023

by Anas Siddiqui
Hong Kong-listed Chinese miner CMOC takes Glencore’s cobalt crown as output jumps 170% in 2023

China’s CMOC Group boosted its cobalt output by more than 170 per cent last year, with surging production at a new mine in the Democratic Republic of Congo helping the …

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Rivian stock sinks after solid quarter as Wall Street is ‘torn’ about the EV maker

by Sam Bailey
Rivian stock sinks after solid quarter as Wall Street is ‘torn’ about the EV maker

Praise for Rivian Automotive Inc.’s better-than-expected quarterly results failed to boost the EV maker’s stock on Wednesday, with most analysts keeping their cautious view on the company and on the …

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Rivian Earnings Impressed Wall Street. The Stock Is Falling Anyway.

by Sam Bailey
Rivian Earnings Impressed Wall Street. The Stock Is Falling Anyway.

Text size Wall Street is feeling better about Rivian stock. Improving production and better cost control are two reasons why. Alisha Jucevic/Bloomberg Electric-vehicle start-up Rivian Automotive reported better-than-expected second-quarter numbers …

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