Olemedia/E+ via Getty Images Albemarle ( ALB ) down 5.2% in Thursday's trading, making it the day's biggest decliner on the S&P 500, as the company's Australian unit booked an $US820M charge for the closure of the Kemerton lithium hydroxide refinery—the country’s biggest lithium refinery—after suffer ing years of losses. The company also warned of an additional $US375M of charges to be split over ...
Olemedia/E+ via Getty Images Albemarle ( ALB ) down 5.2% in Thursday's trading, making it the day's biggest decliner on the S&P 500, as the company's Australian unit booked an $US820M charge for the closure of the Kemerton lithium hydroxide refinery—the country’s biggest lithium refinery—after suffer ing years of losses. The company also warned of an additional $US375M of charges to be split over two years, with $150M coming this year and $225M in 2027. "The decision was made due to price volatility in the market and pricing not meeting conversion costs at Kemerton," Albemarle ( ALB ) of its move to place the plant into care and maintenance. Albemarle's ( ALB ) Australian subsidiary recorded a net loss after tax of $US854M, mostly due to the Kemerton impairment, according to a filing with the Australian Securities and Investments Commission—an improvement on the $1.98B loss posted in the previous year, when the unit took a $1B charge on Kemerton. The plant's closure came despite a rebound in the price of lithium spodumene from lows of $US575/metric ton last June to nearly $3K this month, according to data from S&P Global Platts. More on Albemarle Albemarle Q1 2026 Earnings Call Presentation Albemarle: BESS Demand May Make This The Last Lithium Cycle That Looks Like A Cycle Albemarle: Strategic Asset In Energy Security (Rating Upgrade)
Few stocks have whipsawed investors in 2026 the way Netflix (NASDAQ:NFLX) has. Shares plunged from $126.03 in July 2025 to a $77 trough in February 2026, then clawed back to $88.27 as of May 6. Our 24/7 Wall St. price target for Netflix is $338.63, implying 283.63% upside. The recommendation is buy at 90% confidence. ... Netflix Just Raised Guidance. The Market Sold It Off. We See 283% Upside
Few stocks have whipsawed investors in 2026 the way Netflix (NASDAQ:NFLX) has. Shares plunged from $126.03 in July 2025 to a $77 trough in February 2026, then clawed back to $88.27 as of May 6. Our 24/7 Wall St. price target for Netflix is $338.63, implying 283.63% upside. The recommendation is buy at 90% confidence. ... Netflix Just Raised Guidance. The Market Sold It Off. We See 283% Upside
Lizzy Galbraith, Senior Political Economist at Aberdeen, speaks about discussions between the US and China regarding increased trade in farm and oil sectors. The conversation focused on the potential economic and political implications of these trade talks, highlighting the significance of agricultural and energy commodities in the bilateral relationship. Galbraith offered insights into how these ...
Lizzy Galbraith, Senior Political Economist at Aberdeen, speaks about discussions between the US and China regarding increased trade in farm and oil sectors. The conversation focused on the potential economic and political implications of these trade talks, highlighting the significance of agricultural and energy commodities in the bilateral relationship. Galbraith offered insights into how these developments might influence market dynamics and broader geopolitical considerations. (Source: Bloomberg)
At Holdings Channel, we have reviewed the latest batch of the 75 most recent 13F filings for the 03/31/2026 reporting period, and noticed that Broadcom Inc (Symbol: AVGO) was held by 30 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good id
At Holdings Channel, we have reviewed the latest batch of the 75 most recent 13F filings for the 03/31/2026 reporting period, and noticed that Broadcom Inc (Symbol: AVGO) was held by 30 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good id
Shareholders of Adeia Inc (Symbol: ADEA) looking to boost their income beyond the stock's 0.6% annualized dividend yield can sell the December covered call at the $50 strike and collect the premium based on the $2.40 bid, which annualizes to an additional 12.8% rate of return ag
Shareholders of Adeia Inc (Symbol: ADEA) looking to boost their income beyond the stock's 0.6% annualized dividend yield can sell the December covered call at the $50 strike and collect the premium based on the $2.40 bid, which annualizes to an additional 12.8% rate of return ag
All 11 aboard survived after the plane made an emergency landing near the Bahamas Sign up for the Breaking News US newsletter email A military rescue crew in Florida has spoken of the “pretty miraculous” survival of all 11 people it saved from a plane crash in the Atlantic Ocean, and its own scramble to safety with five minutes of fuel left. Members of the 920th rescue wing, based at Patrick Space...
All 11 aboard survived after the plane made an emergency landing near the Bahamas Sign up for the Breaking News US newsletter email A military rescue crew in Florida has spoken of the “pretty miraculous” survival of all 11 people it saved from a plane crash in the Atlantic Ocean, and its own scramble to safety with five minutes of fuel left. Members of the 920th rescue wing, based at Patrick Space Force base, not far from Cape Canaveral, raced on Tuesday to reach the passengers and crew in choppy seas. They had emerged from a small Beechcraft twin-propeller aircraft that ditched into the water about 80 miles east of Melbourne on Florida’s east coast. Continue reading...
The Reddit-based retail investor community famous for launching the meme-stock phenomenon filed a public comment Tuesday opposing a proposed shift to semiannual, rather than quarterly, securities reports. Securities and Exchange Commission Chairman Paul Atkins unveiled the fast-tracked plan after President Donald Trump called for an end to decades-old rules mandating quarterly filing of the public...
The Reddit-based retail investor community famous for launching the meme-stock phenomenon filed a public comment Tuesday opposing a proposed shift to semiannual, rather than quarterly, securities reports. Securities and Exchange Commission Chairman Paul Atkins unveiled the fast-tracked plan after President Donald Trump called for an end to decades-old rules mandating quarterly filing of the public disclosures known as 10-Qs. Mike McClean, Head of US Policy at Barclays, discusses the SEC's proposal to change reporting cadence, as well as what Trump is facing when he returns home from the ongoing summit in China. (Source: Bloomberg)
Eleven weeks into a Middle Eastern conflict that has shuttered a critical shipping channel and sent energy prices soaring, the US dollar’s linkage to oil prices is more positive than ever before. The correlation between the Bloomberg Dollar Spot Index and Brent crude futures now trades at its highest level on record, going back to when the greenback gauge launched in 2005. Said differently, the ex...
Eleven weeks into a Middle Eastern conflict that has shuttered a critical shipping channel and sent energy prices soaring, the US dollar’s linkage to oil prices is more positive than ever before. The correlation between the Bloomberg Dollar Spot Index and Brent crude futures now trades at its highest level on record, going back to when the greenback gauge launched in 2005. Said differently, the extent to which oil and the greenback trade in tandem each day is the strongest in more than two decades. The positive correlation is historically unusual. Most oil trading is conducted in US dollars — known as the petrodollar system — which means traders might expect a surge in the greenback to ultimately hamper demand for oil. But the Iran conflict has pushed up the prices of both the greenback and oil simultaneously. The price of a barrel of Brent oil has surged about 45% since the US and Israel first launched strikes against Iran at the end of February, leading Iran to effectively shutter transport via the Strait of Hormuz. The International Energy Agency said this week that the market will remain “ severely undersupplied ” until October. Bloomberg’s dollar gauge, meanwhile, has risen nearly 1% as investors consider the US position as the world’s largest oil producer and the fact that the dollar underpins much of the global crude trade. After trading negatively for much of the first quarter, the dollar and oil’s correlation turned positive in early March and has stayed that way since. “There are periods when macro is the driving force behind market moves and there are intervals, like now, when it’s more about geopolitics, headlines, risk appetite, and momentum,” said Brent Donnelly , president of Spectra Markets. “The narrative is: Oil up/oil down.” That’s also making it more difficult to trade based off of other fundamental drivers of exchange rates, like interest-rate differentials or growth data, which investors have long considered key to determining currency values. ...