However, the Bureau of Land Management fast-tracked final approval of the mine in 2021, beginning the two-year court battle that just concluded this week. At the center of this controversy are Native tribes that say the mine is situated on the site of a massacre of more than 30 members of the Paiute Tribe in 1865, which makes the land a sacred site. That decision allowed the project’s owner, Canada-based Lithium Americas Corp., to break ground officially. Circuit Court denied an appeal filed by Western Watersheds Project, longtime opponents of the Thacker Pass, Nevada, lithium mine. ⚒️ Controversial lithium mine breaks ground in Nevada. These perks can be great for the 54% of cardholders who pay their balances in full each month, but for the other 46% that carry a balance, record-high interest rates are causing them to rack up fees and interest that often outweigh their rewards. For example, this week, DoorDash partnered with Chase to unveil a new rewards card for power users of the food delivery platform. Credit card debt has risen to a record high of nearly $1 trillion, and driving part of that growth is credit card issuers offering various incentives to lure in new customers and encourage additional spending from existing customers. □ Credit card perks drive the proliferation of use and rising debt. households owning an air fryer, products aimed at this new category could be their ticket to unlocking additional value for their customers and shareholders. Retailers like Walmart are pressuring suppliers to stop raising prices, but with inflation remaining high and eating into their margins, they’re looking for growth elsewhere. Nestle, Kellogg, Tyson Foods, and Gorton’s Seafood are among the food companies leaning into the new air fryer trend to lure in new customers. □ Food giants are betting big on the air fryer boom. □ Several names were on the Stocktwits trending tab for most of the week, including $GNS, $AI, $TRKA, The crypto-focused bank delayed issuing its annual report and raised concerns about its ability to continue operating. ₿ This week’s big crypto story was Silvergate Capital falling over 50%. □ We also heard from LendingTree, Zoom, Salesforce, Funko Inc., and many more companies. ⚡ It was also a busy week for electric vehicle stocks, with Fisker and Nio, Plug Power, and Workhorse reporting results. □ AMC investors were left hanging after the company’s stock fell despite beating fourth-quarter earnings and revenue expectations. They rose just 5.8% YoY, down from an annual gain of 7.6%, meaning prices are now down 4.4% from their June peak. □️ It was a lighter week of economic news, but the S&P/Case-Shiller index showed that national home prices decelerated for the sixth straight month in December. Spending more on necessities and less on discretionary items. High inflation and economic uncertainty have people They all continued offering cautious outlooks about the consumer. □️ Companies across the retail spectrum like Target, Lowe’s & Lumber Liquidators, Best Buy, Big Lots, and Macy’s reported results. □ This week’s Stocktwits Top 25 report showed outperformance relative to the indexes. □ Yields finally paused their rise, but stocks closed green for the week as the 200-day moving average “saved the bullish case.” Let’s recap what happened last week and prep you for the week ahead. ‘It’s not going to be different this time,’ Morgan Stanley strategist says.Just like that, we’re through February and into March as the market looks to hold onto its gains into the end of Q1. What can we do?Įvery hiking cycle over the last 70 years ends in recession or a financial crisis. ‘My family is dealing with a significant shock’: My father secretly married his caregiver, who is 40 years his junior. Should I get a financial adviser to help me? I get $1,500 a month in rental income and have $200,000 in savings. How could they get it so wrong?Īnalyst says banking crisis is ‘over.’ Is it too soon to invest in bank stocks? The underwriter’s brokerage house had a $30 price target. ‘I feel like a sucker’: I bought stock for $18 after an IPO. Silicon Valley Bank: Here’s what happened to cause it to collapseįlorida braces for 5,000-mile-wide stinky seaweed blob - and a toxic algae bloom March Madness for REITs? Here’s a ‘final four’ for investors seeking dividend income. How a warrant for Putin puts new spin on Xi visit to Russia Silicon Valley Bank execs enjoyed generous compensation in recent years, with CEO and CFO packages up 30% from 2018
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