US coal suffers one-two punch as plants shut, miner deal nixed

Independent power producer Vistra said it would shutter seven plants, while Peabody and Arch Resources scrapped a planned JV aimed at cutting production costs.

Bloomberg News | September 29, 2020 | 2:16 pm

JPMorgan admits spoofing by 15 traders, two desks in record deal

Over eight years, traders at the biggest US bank caused losses of more than $300 million to other participants, according to court filings.

Bloomberg News | September 29, 2020 | 12:33 pm

Tesla Aims to Mine Its Own Lithium After Dropping M&A Plan

Tesla is trying to mine its own lithium after dropping M&A plan

Company secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, according to people familiar with the matter.

Bloomberg News | September 29, 2020 | 8:47 am

Coal traders turn to private finance as high demand lifts prices

China to phase out coal power around 2050

Carbon emissions will peak sometime between 2025 and 2030, and total energy demand will start to decline around 2035, according to a new report from Tsinghua University.

Bloomberg News | September 29, 2020 | 8:24 am

Cleveland-Cliffs to buy ArcelorMittal USA for $1.4 billion

The deal would make Cleveland-Cliffs the biggest flat-rolled steel producer in North America.

Bloomberg News | September 28, 2020 | 8:29 am

Lithium Americas, Ganfeng planning Stage 2 expansion at Caucharí-Olaroz

Hedge fund bets on lithium miner after big electric vehicle win

Formidable Asset Management sees Lithium Americas as a “differentiated operator” within the sector.

Bloomberg News | September 25, 2020 | 2:19 pm

California regulator sees 2035 EV mandate as 'sweet spot'

California is banning gasoline cars. Now the EV race begins

Governor Gavin Newsom has ordered regulators to phase out the internal combustion engine and ban the sale of all new gasoline-fueled cars after 2035.

Bloomberg News | September 25, 2020 | 12:51 pm

Gold dealers charged in $185 million scheme to con the elderly

Two LA-based dealers have been charged with swindling senior citizens on precious-metals purchases in the run-up to this year’s record high in gold prices.

Bloomberg News | September 25, 2020 | 12:27 pm