Author: Fiona Craig

Stellantis (NYSE:STLA) announced on Wednesday that it is ending its development efforts for hydrogen fuel cell technology, shifting away from a strategy once seen as part of its alternative energy portfolio. The company pointed to several reasons behind the decision, including insufficient hydrogen refueling infrastructure, high capital expenditure requirements, and a lack of robust consumer…

Shares of BitMine Immersion Technologies Inc. (AMEX:BMNR) surged overnight after billionaire venture capitalist Peter Thiel revealed a substantial 9.1% stake in the company, according to a regulatory filing released Tuesday. Thiel, known for his early backing of tech giants like PayPal and Facebook, now holds roughly 5.09 million shares in the crypto mining and digital…

Gold prices edged higher during Wednesday’s Asian trading session, bouncing back from earlier losses after U.S. consumer inflation data exceeded expectations, strengthening the dollar and dampening hopes for near-term interest rate cuts. Other precious metals also rebounded after recent declines. Platinum and silver, which had outperformed gold recently, gave up some of their gains this…

Oil prices moved higher in Wednesday’s Asian trading session, recovering from earlier losses as OPEC+ maintained its optimistic outlook for global oil demand despite recent production increases. Meanwhile, traders reacted to a modest build in U.S. crude inventories. By 22:17 ET (02:17 GMT), September Brent crude futures were up 0.4% at $69.01 per barrel, while…

U.S. stock futures dipped as investors absorbed mixed inflation data and braced for more economic reports. Several major U.S. companies are gearing up to release their quarterly earnings, while European chip equipment maker ASML (EU:ASML) warned of potential headwinds from rising U.S. tariffs, putting its 2026 growth in question. On the trade front, President Donald…

Joby Aviation (NYSE:JOBY) saw its stock jump 8.1% after the electric air taxi company revealed it has significantly increased production capacity at its Marina, California facility, effectively doubling its output potential. The expanded manufacturing site now covers roughly 435,500 square feet and is designed to support Joby’s plans to scale up commercial operations. The company…

Rani Therapeutics Holdings Inc (NASDAQ:RANI) experienced a steep decline of 35.8% in its stock price after revealing plans for a registered direct offering aimed at raising around $3 million in gross proceeds. Specializing in oral biologic and drug delivery, the clinical-stage biotech firm has entered into a purchase agreement with a single institutional investor. The…

Apple (NASDAQ:AAPL) is set to utilize Samsung Display’s crease-free screen technology for its foldable iPhone, which is expected to enter large-scale production in the latter half of 2026, according to Ming-Chi Kuo from TF International Securities. Rather than creating its own folding screen design, Apple will rely on Samsung’s proven solution to ensure consistent mass…

Shares of Encompass Health Corporation (NYSE:EHC) declined 3.6% following a New York Times investigation that raised concerns about patient safety at rehabilitation hospitals, including several serious incidents at Encompass facilities. The report revealed that Encompass Health, a leading provider in the rehab hospital sector, along with other for-profit operators, has faced rare but severe patient…