investing

General Motors is investing $650 million in a lithium mine in the United States to secure battery materials for electric vehicles

General Motors is investing $650 million in a lithium mine in the United States to secure battery materials for electric vehicles

General Motors will invest $650 million in a lithium mine in the United States, a record investment by a car manufacturer to secure raw materials used in electric vehicle batteries. The US group will make an initial investment of $320 million by mid-2023 in exchange for exclusive rights to the first phase of lithium production …

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Chief Economist Mohamed El-Erian sees inflation "flat" at 4% - and a growing group sees the dawn of a new world in investing

Chief Economist Mohamed El-Erian sees inflation “flat” at 4% – and a growing group sees the dawn of a new world in investing

After hitting a four-decade high in 2022, inflation has fallen steadily over the past six months. But now, a growing number of economists and business leaders are concerned that this trend will not continue. “I think inflation will become flat in the middle of the year at about 4%,” said Mohamed El-Erian, chair of Queen’s …

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BlackRock iShares Strategist Says There Will Be A Calculation For Investors Who Don't Adapt To The All-New Investing Playbook

BlackRock iShares Strategist Says There Will Be A Calculation For Investors Who Don’t Adapt To The All-New Investing Playbook

Traders work on the floor of the New York Stock Exchange February 4, 2014. Photograph: Brendan McDiarmid/Reuters There is likely to be more pain ahead for US stocks, a BlackRock iShares strategist told Insider. Karim Chedid expects the Fed to maintain interest rates above 5% for the entirety of 2023. “Goldilocks is not saving the …

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