Chile, the world’s top copper producer, could break out of two decades of stagnant output by cutting red tape and easing regulation under the incoming government, according to the country’s mining industry group. Sonami President Jorge Riesco said Tuesday he agrees with recent comments from President-elect José Antonio Kast ’s team that mining output could rise by 10% to 20% over the next year or ...
Chile, the world’s top copper producer, could break out of two decades of stagnant output by cutting red tape and easing regulation under the incoming government, according to the country’s mining industry group. Sonami President Jorge Riesco said Tuesday he agrees with recent comments from President-elect José Antonio Kast ’s team that mining output could rise by 10% to 20% over the next year or two. Kast’s projections followed consultations with Sonami, Riesco said. Removing restraints on investments as part of a pro-growth agenda could unlock billions of dollars in mine expansions that together would have a sizable impact on output, Riesco told reporters in Santiago on Tuesday. Annual production that slipped to 5.4 million metric tons last year is set to reach 5.5 million to 5.7 million this year, according to Sonami. High prices may also flush out more supply, the association said. Getting Chilean production closer to 6 million tons a year would be welcomed by a tightening global market, where copper prices have surged to a record above $6 a pound. Analysts have warned of a looming supply squeeze as producers struggle to expand output just as demand rises from artificial intelligence and higher defense spending. Read More: Copper Squeeze to Intensify on AI, Defense, Robots, S&P Says Chile’s experience mirrors challenges facing the global mining industry. The development of giant deposits such as Escondida cemented the country’s position as the world’s dominant producer. But output is now broadly in line with levels seen two decades ago as ore grades decline and projects become more complex and expensive. Still, Sonami forecasts copper prices will average about $4.50 a pound this year — well down from current levels — as some of the disruptions that helped fuel the rally ease. Mining investment in Chile is projected to total $26.8 billion between 2025 and 2029, even as spending this year is expected to fall by about 20%.
UPS (NYSE: UPS) stock declined by more than 21% last year amid a turbulent period marked by difficult trading conditions. The decline continued, with the stock now down almost 42% in the previous three years, as I write. Still, there's a strong bull case for the stock, and the stock's 6.1% dividend yield makes it a favorite among income-seeking investors. Here's what happened and how the company i...
UPS (NYSE: UPS) stock declined by more than 21% last year amid a turbulent period marked by difficult trading conditions. The decline continued, with the stock now down almost 42% in the previous three years, as I write. Still, there's a strong bull case for the stock, and the stock's 6.1% dividend yield makes it a favorite among income-seeking investors. Here's what happened and how the company is shaping up for 2026. Management started the year expecting that the overcapacity in the U.S. small package market (built up during the unsustainable boom during the lockdowns) would clear, leading to more favorable trading conditions. In addition, the plan to reduce Amazon.com delivery volumes by 50% from the start of the year to the middle of 2026 would lead to margin expansion in line with management's operating philosophy of shifting focus to targeted end markets, such as higher margin healthcare, small and medium-sized businesses ( SMBs ), and business-to-business (B2B) deliveries, rather than chasing delivery volume in itself. Unfortunately, a combination of a slowing industrial economy and the uncertainty and price increases created by trade tariffs slowed some of its higher margin activities. As such, the company is on track to miss the earnings and free cash flow guidance that management gave at the start of the year. Continue reading
Apple chooses Google AI in a multiyear deal that highlights the cost advantage of Google’s tensor processing unit chips and Apple’s need to improve AI offerings. Dan Ives, managing director and senior equity analyst at Wedbush, discusses the deal with Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Apple chooses Google AI in a multiyear deal that highlights the cost advantage of Google’s tensor processing unit chips and Apple’s need to improve AI offerings. Dan Ives, managing director and senior equity analyst at Wedbush, discusses the deal with Caroline Hyde and Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)
Gold’s surge over the past 12 months hasn’t kept investors from seeking exposure to it in 2026 — although an investment strategy team at Goldman Sachs isn’t a fan of the precious metal as a diversifier in portfolios.
Gold’s surge over the past 12 months hasn’t kept investors from seeking exposure to it in 2026 — although an investment strategy team at Goldman Sachs isn’t a fan of the precious metal as a diversifier in portfolios.
Elon Musk ’s SpaceX is now offering free Starlink satellite service in Iran amid deadly protests and a days-long internet blackout. SpaceX has waived the Starlink subscription fee in Iran, so people with receivers in the country can access service without paying, according to Ahmad Ahmadian, executive director of the US group Holistic Resilience , which works with Iranians to secure Internet acces...
Elon Musk ’s SpaceX is now offering free Starlink satellite service in Iran amid deadly protests and a days-long internet blackout. SpaceX has waived the Starlink subscription fee in Iran, so people with receivers in the country can access service without paying, according to Ahmad Ahmadian, executive director of the US group Holistic Resilience , which works with Iranians to secure Internet access. A person familiar with Starlink’s operations confirmed the free service, while asking not to be identified because the information isn’t public. SpaceX didn’t respond to a request for comment. Starlink’s service in Iran and in other regions facing conflict underscore how the fast-growing Internet service has become a tool of soft power for the world’s richest person, and the US government. US President Donald Trump has urged Iranians to continue their protests and earlier called on Starlink — which some Iranians already use, despite it being banned in the country — to help restore communication. Musk has stepped into geopolitical conflicts with free Starlink service before. Starlink’s satellites have provided internet communications for both Ukrainian citizens and its military since Russia’s invasion. In January, Starlink announced that it was providing free broadband service to Venezuela citizens through Feb. 3, following the US government’s seizure of President Nicolás Maduro . Unrest across Iran has sharply intensified over the past week, drawing hundreds of thousands to the streets who are calling for the downfall of Supreme Leader Ayatollah Ali Khamenei . Activist groups have warned that thousands of people may have been killed in more than two weeks of violent unrest. While Starlink receivers are prohibited in Iran, many have been smuggled across the nation’s borders, Ahmadian said, estimating in a phone interview that there are more than 50,000 units available in the country. The Iranian military has been working to jam Starlink and is hunting down users, accordin...
FMR LLC, a 10% Owner of Structure Therapeutics Inc. (NASDAQ:GPCR) , indirectly sold 52,356 shares for a transaction value of approximately $3.8 million on Dec. 8, 2025, according to a SEC Form 4 filing . Transaction and post-transaction value based on SEC Form 4 weighted average purchase price ($71.98). Continue reading
FMR LLC, a 10% Owner of Structure Therapeutics Inc. (NASDAQ:GPCR) , indirectly sold 52,356 shares for a transaction value of approximately $3.8 million on Dec. 8, 2025, according to a SEC Form 4 filing . Transaction and post-transaction value based on SEC Form 4 weighted average purchase price ($71.98). Continue reading
Billionaire hedge fund manager Bill Ackman recently made a big investment in real estate developer Howard Hughes Holdings (NYSE: HHH) , with the goal of expanding the company's focus and creating a "modern-day Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) ." Howard Hughes recently announced its first major step toward realizing Ackman's vision, and it's a big one. *Stock prices used were the morn...
Billionaire hedge fund manager Bill Ackman recently made a big investment in real estate developer Howard Hughes Holdings (NYSE: HHH) , with the goal of expanding the company's focus and creating a "modern-day Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) ." Howard Hughes recently announced its first major step toward realizing Ackman's vision, and it's a big one. *Stock prices used were the morning prices of Jan. 9, 2026. The video was published on Jan. 10, 2026. Continue reading
Many digital-asset companies would continue to be able to offer rewards to customers who hold stablecoins under a new proposal tied to hotly-anticipated crypto market structure legislation. The Senate Banking Committee released a bipartisan so-called manager’s amendment late Monday ahead of a markup meeting planned for Thursday. The Senate Agriculture Committee plans to hold a markup on its versio...
Many digital-asset companies would continue to be able to offer rewards to customers who hold stablecoins under a new proposal tied to hotly-anticipated crypto market structure legislation. The Senate Banking Committee released a bipartisan so-called manager’s amendment late Monday ahead of a markup meeting planned for Thursday. The Senate Agriculture Committee plans to hold a markup on its version of the bill later this month. Kara Calvert, Coinbase vice president of US policy, joins "Bloomberg Crypto" to discuss the bill. (Source: Bloomberg)
Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, up 2.0%. Within the sector, APA Corp (Symbol: APA) and Devon Energy Corp. (Symbol: DVN) are two of the day's stand-outs, showing a gain of 4.8% and 3.6%, respecti
Looking at the sectors faring best as of midday Tuesday, shares of Energy companies are outperforming other sectors, up 2.0%. Within the sector, APA Corp (Symbol: APA) and Devon Energy Corp. (Symbol: DVN) are two of the day's stand-outs, showing a gain of 4.8% and 3.6%, respecti
The worst performing sector as of midday Tuesday is the Financial sector, showing a 0.7% loss. Within that group, JPMorgan Chase & Co (Symbol: JPM) and Progressive Corp. (Symbol: PGR) are two large stocks that are lagging, showing a loss of 3.8% and 3.6%, respectively. Amon
The worst performing sector as of midday Tuesday is the Financial sector, showing a 0.7% loss. Within that group, JPMorgan Chase & Co (Symbol: JPM) and Progressive Corp. (Symbol: PGR) are two large stocks that are lagging, showing a loss of 3.8% and 3.6%, respectively. Amon
In trading on Tuesday, shares of Apollo Global Management Inc (new's 7.750% Dep Sh Rate Reset Non-Cumul Pref Shares Ser E (Symbol: ATH.PRE) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $25.70 on t
In trading on Tuesday, shares of Apollo Global Management Inc (new's 7.750% Dep Sh Rate Reset Non-Cumul Pref Shares Ser E (Symbol: ATH.PRE) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $25.70 on t
Many digital-asset companies would continue to be able to offer rewards to customers who hold stablecoins under a new proposal tied to hotly-anticipated crypto market structure legislation. The Senate Banking Committee released a bipartisan so-called manager’s amendment late Monday ahead of a markup meeting planned for Thursday. The Senate Agriculture Committee plans to hold a markup on its versio...
Many digital-asset companies would continue to be able to offer rewards to customers who hold stablecoins under a new proposal tied to hotly-anticipated crypto market structure legislation. The Senate Banking Committee released a bipartisan so-called manager’s amendment late Monday ahead of a markup meeting planned for Thursday. The Senate Agriculture Committee plans to hold a markup on its version of the bill later this month. Bloomberg's Zach Cohen has more on the story. (Source: Bloomberg)