A radical plan to halt “virgin steelmaking” in the UK is being considered in a move that threatens the loss of 2,000 jobs at British Steel’s works in Scunthorpe. Government officials are weighing a proposal to switch off Britain’s last two…
Author: John Freddy
John Freddy
John Freddy is a highly respected economist, columnist, and news writer with an accomplished career that began in 1982. Over the past four decades, he has been a prominent voice in financial journalism, delivering in-depth coverage and analysis of the stock market, including major indices like the NYSE, Nasdaq, S&P 500, and DJIA. John is also known for his expertise in commodities, focusing on key sectors such as oil, energy, food, gas, and consumer markets.
Stock Widget Tesla TSLA -2.85% ▼ shareholders approved a record-setting pay package for Chief Executive Elon Musk, a plan designed to motivate the world’s richest man with as much as $1 trillion in additional stock. Flanked by dancing humanoid robots…
In a blow to U.S. industrial self-sufficiency and national security, U.S. Magnesium LLC, the nation’s sole primary producer of magnesium metal, filed for Chapter 11 bankruptcy protection on September 10, 2025. The filing, lodged in the U.S. Bankruptcy Court for…
Stock Widget For generations of Americans, The Gap GPS -3.20% ▼ evoked the essence of effortless style—the crisp white tees, slim khakis, and relaxed jeans that defined casual Fridays and weekend wardrobes from the 1980s through the early 2000s. Nestled…
Stock Widget USA Rare Earth USAR +23.20% ▲, a key player in the domestic rare earths and magnet production industry, is riding a wave of investor enthusiasm following a flurry of positive developments. The company reported its second-quarter 2025 financial…
President Donald Trump is imposing an additional 25 percent tariff on India, lifting the total rate to 50 percent. Trump, writing in an Aug. 6 executive order, said India’s government is “currently directly or indirectly importing Russian Federation oil.” “Accordingly,…
Japanese carmaker Nissan has said it will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales. Falling sales in China and heavy discounting in the US, its two…
Rite Aid filed for bankruptcy protection Monday for the second time, less than a year after the embattled drugstore chain emerged from Chapter 11 as a private company. Rite Aid said in a news release that it’s looking for a buyer and…
Apollo Global Management (NYSE: APO) says it is directing over $100 billion of capital into industries reshaped by trade friction. In a Q2 2024 investor briefing, the firm highlighted a multibillion-dollar allocation across private equity, credit and infrastructure to capitalize on…
Chicago, May 2025 – Conagra Brands has agreed to sell its Chef Boyardee canned pasta business to private equity firm Pinnacle Partners for $600 million in cash. The deal – expected to close in Q1 of fiscal 2026 – transfers an iconic, 97-year-old…
