© Reuters. ArcelorMittal (NYSE:) and JSW Steel, in conjunction with private equity funds, are showing interest in purchasing the assets of ESL Steels Ltd, a part of Anil Agarwal’s Vedanta (NYSE:) Ltd. The announcement, made on Wednesday, comes as Vedanta seeks to clear a $1 billion debt due in January…

© Reuters. FILE PHOTO: U.S. Sen. Elizabeth Warren (D-MA) asks questions as U.S. Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “the Consumer Financial Protection Bur WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a Democrat on the Senate…

© Reuters. FILE PHOTO: Used copper wires are seen in a recycling company in Thoerishaus near Bern July 3, 2011. REUTERS/Ruben Sprich/File Photo By Clara Denina, Divya Rajagopal and Julian Luk LONDON (Reuters) -A flurry of mining deals are being lined up for the next six to 12 months, industry…

2/2 © Reuters. FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021.REUTERS/Rebecca Cook/File Photo 2/2 By Joseph White DETROIT (Reuters) – After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and…

© Reuters. Exxon Mobil Corp (NYSE:).’s strategic decision to acquire Pioneer Natural Resources (NYSE:) Co. in an all-stock transaction valued at $59.5 billion is predicted to significantly strengthen its North American holdings and pose a challenge to Chevron Corp. (NYSE:) and Occidental Petroleum Corp (NYSE:).’s dominance in the Permian basin…

© Reuters. U.S. President Joe Biden delivers remarks via video to the U.S. Fire Administrator’s “Summit on Fire Prevention & Control,” from the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., October 10, 2023. RE By Diane Bartz, Jeff Mason and Douglas Gillison WASHINGTON…

© Reuters. In recent developments on Wall Street, Rhythm Pharmaceuticals (NASDAQ:) received an Equal-Weight recommendation from Morgan Stanley on Tuesday. The investment bank has set a one-year price target for the company at $38.99, which suggests a potential 64.36% increase from Rhythm’s recent closing price of $23.72. The firm’s projected…

© Reuters. The semiconductor industry is poised to enter its earnings season with a keen emphasis on artificial intelligence (AI), especially focusing on Nvidia (NASDAQ:)’s graphics-processing units (GPUs) that are instrumental to the AI sector. The industry, maintaining a balanced supply and demand, anticipates sales excluding memory chips to turn…

© Reuters In a significant transaction involving Pioneer and Exxon (NYSE:), a prominent player in the Oil, Gas, and consumable Fuels industry according to InvestingPro Tips, Goldman Sachs Group (NYSE:) and Citigroup Inc (NYSE:). have emerged as the lead advisors, positioning them to earn substantial fees. Exxon, with a market…

© Reuters. U.S. House Majority Leader Steve Scalise (R-LA) speaks as he walks to a candidate forum at the Longworth House office building, after Kevin McCarthy was ousted as Speaker of the House, at the U.S. Capitol in Washington, D.C., U.S., October 10, 2023. REUTE WASHINGTON (Reuters) – Republicans who…