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October 12, 2025
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China tightens rare earths grip, stocks MP, LAC, TMQ surge

Sagar3 days ago03 mins

A wheel loader operator fills a truck with ore at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020. Steve Marcus | Reuters Shares of U.S. rare earth and critical mineral miners surged Thursday after China tightened restrictions on exports, fuelling market speculation that the Trump administration will move more…

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Orsted to slash 2,000 jobs amid battle with Trump administration

Sagar3 days ago02 mins

Picture taken on September 4, 2023 shows windmills at the Nysted Offshore Wind Farm constructed by Danish windpower giant Orsted in 2002-2003 in the Baltic Sea near Gedser in Denmark. Thomas Traasdahl | Afp | Getty Images Beleaguered wind farm operator Orsted announced Thursday that it intends to reduce its workforce by a quarter toward…

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Nvidia’s Huang says AI computing demand is up ‘substantially’ in the last 6 months

Sagar4 days ago03 mins

Nvidia CEO Jensen Huang said demand is up huge this year as artificial intelligence models develop further from answering simple questions to complex reasoning. “This year, particularly the last six months, demand of computing has gone up substantially,” said Huang on CNBC’s “Squawk Box.” The CEO of the AI chip leader was answering a question…

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Trilogy Metals shares surge after U.S. takes stake in minerals firm

Sagar5 days ago03 mins

US President Donald Trump, left, and Doug Burgum, US secretary of the interior, in the Oval Office of the White House in Washington, DC, US, on Monday, Oct. 6, 2025. Bloomberg | Bloomberg | Getty Images Shares of U.S.-listed minerals explorer Trilogy Metals jumped as much as 205% in premarket trade on Tuesday, shortly after…

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OpenAI looks to take 10% stake in AMD through AI chip deal

Sagar6 days ago07 mins

Sam Altman, chief executive officer of OpenAI, left, and Lisa Su, chair and chief executive officer of Advanced Micro Devices, arrive for a Senate Commerce, Science, and Transportation Committee hearing in Washington, DC, US, on Thursday, May 8, 2025. Nathan Howard | Bloomberg | Getty Images OpenAI and Advanced Micro Devices have reached a deal…

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Nuclear in my backyard? More of America, and market, seems OK with it

Sagar7 days ago019 mins

GE Hitachi Nuclear Energy’s BWRX-300 small modular reactor incorporates proven components. Courtesy: GE Vernova Van Buren County is a rural redoubt in southwestern Michigan, a quiet corner of a swing state. Pillow soft sand dunes shift and shape along the shores of Lake Michigan. And the county seat – Paw Paw – is named after…

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OpenAI Stargate data center buildout infrastructure lead Keith Heyde

Sagar7 days ago010 mins

Keith Heyde stands on site in Abilene, Texas, where OpenAI’s Stargate infrastructure buildout is underway. Heyde, a former head of AI compute at Meta, is now leading OpenAI’s physical expansion push. OpenAI It wasn’t how Keith Heyde envisioned celebrating the holidays. Rather than hanging out with his wife back home in Oregon, Heyde spent late…

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Inside the uranium plant at the center of U.S. plans to expand nuclear power

Sagar1 week ago013 mins

EUNICE, NEW MEXICO — Paul Lorskulsint was a shift manager at a brand new uranium enrichment facility deep in the American Southwest when catastrophe struck Japan in 2011. A massive tsunami and earthquake had caused a severe accident at the Fukushima Daiichi Nuclear Power Plant. Thousands of miles away in Eunice, New Mexico, Lorskulsint turned…

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2026 will be the ‘year of the used EV,’ analyst says. Here’s why

Sagar1 week ago010 mins

Charging an electric vehicle. Tashdique Mehtaj Ahmed | Moment | Getty Images The price of used electric vehicles has come down to levels comparable with gasoline cars, a dynamic poised to boost their popularity despite the loss of a federal tax incentive for EVs, according to auto analysts. In August, the price premium for used…

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Massive fire breaks out at Chevron oil refinery in California

Sagar1 week ago02 mins

An aerial view of Chevron crews attempting to extinguish a large fire and explosion that occurred at Chevron Refinery in El Segundo Thursday, Oct. 2, 2025. Allen J. Schaben | Los Angeles Times | Getty Images A huge fire broke out on Thursday night at a Chevron jet fuel production unit in California, one of…

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