AppLovin stock soars as company weighs selling apps business, Wall Street applauds strategic shift

AppLovin Inc. shares soared Thursday after Wall Street was supportive of the app-monetization company plan to shift focus to its higher-margin software business and treat its lower-margin app segment like a standalone business, parts of which it could sell following a strategic evaluation. AppLovin APP, + 34.57% shares climbed as much as 46% to an … Read more

Elon Musk suggested getting into the lithium business, and these surging stocks show why

Lithium is becoming a lucrative business as electric vehicles become more prevalent, and miners are enjoying the rewards. Albemarle Corp. ALB, + 9.31% blew away earnings and revenue projections in a first-quarter earnings report Wednesday afternoon and executives added $ 1 billion to their annual sales forecast, sending shares up nearly 20% in after-hours trading. … Read more

Iluka Separates Sierra Rutile Business – Update

Author: Rhiannon Hoyle Iluka Resources Ltd. she said on Wednesday she intended to unbundle the mineral sand business in Sierra Leone, which she had bought five years ago, to focus on her Australian operations, including the rare earths raid. Iluka acquired its business in Sierra Rutile in December 2016 in an effort to expand its … Read more

Tesla needs lithium. Elon Musk suggests that it could get into the mining business.

Tesla CEO Elon Musk has indicated that an electric vehicle manufacturer could enter the mining business. Patrick Pleul / POOL / AFP via Getty Images Text size Tesla CEO Elon Musk lamented rising lithium prices in a recent tweet. He even suggested it Tesla could reach the mining industry to help address the shortage of … Read more

Anglo Pacific is recording record profits, seeing very strong business prospects – a comment on commodities

Author: Jaime Llinares Taboada Anglo Pacific Group PLC on Wednesday announced a record profit for 2021 and said that the business outlook is very strong due to rising commodity prices. Here’s what the Royal and Streaming Company was supposed to say: Performance in 2021: “A record-breaking annual portfolio contribution of $ 85.6 million (2020: $ … Read more

Professor Yale, monitoring companies still doing business in Russia, is raising attention by highlighting those that are now “digging”

A Yale professor who monitors companies still doing business in Russia after his unprovoked invasion of neighboring Ukraine has increased the lead by reclassifying the list into five categories with a fifth called “digging” – or resisting public demands to leave. About 39 companies, including Koch Industries Inc., Ball Corp. BLL, +1.05%, SC Johnson family … Read more