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JP Morgan sees commodity super-cycle already kicking off
With agricultural prices soaring, metal prices hitting the highest in years and oil well above $50 a barrel, JPMorgan Chase & Co. is calling it: Commodities appear to have begun a new supercycle of years-long gains.
Read MoreU.S. chip industry calls on Biden administration to fund factories
(Reuters) – A group of U.S. chip companies on Thursday sent a letter to President Joe Biden urging him to provide “substantial funding for incentives for semiconductor manufacturing” as part of his economic recovery and infrastructure plans.
Read MoreAnalysis: Investors lukewarm on Tesla’s $1.5 billion bitcoin splurge
(Reuters) – Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk’s $1.5 billion outlay into bitcoin will be as good for the company as it has been for the cryptocurrency.
Read MoreVolkswagen taps Microsoft’s cloud to develop self-driving software
(Reuters) – Volkswagen AG on Thursday said it will use Microsoft Corp’s cloud computing services to help it streamline its software development efforts for self-driving cars.
Read MoreImpala Platinum sees earnings soar over 300%
South Africa’s Impala Platinum Holdings on Tuesday said it expected half-year headline earnings to increase more than fourfold, buoyed by higher metals prices and a weaker rand during the pandemic.
Read MoreSorry, greenies: Cleaner mining companies do not mean a cleaner planet
Mining and oil companies, among the world’s largest polluters and emitters of planet-warming carbon dioxide, are cleaning up their acts. A process that started slowly and reluctantly is now moving with the momentum of a freight train.
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